35 Burst results for "Two Components"
Biden: Nearly 3M Get Health Coverage During COVID-19 Sign-Up
"The White House is touting an increase in the number of people who signed up for health care insurance over the summer president Biden says an all time high of twelve point two million people are now covered under the affordable Care Act and the Kaiser family foundation says that with most states expanding Medicaid for low income adults the two components cover about twenty seven million people by denounce the two point eight million consumers took advantage of a special six month period to sign up for private health insurance that was made more affordable under the covert nineteen relief law subsidies that kicked in an April help trim premiums by about sixty seven dollars a month by the called on Congress to do more to lower healthcare costs the next regular season sign up with the health care doc of market place starts on November first Jennifer king Washington
"two components" Discussed on The Playbook
"Intent to receive to give so my intention shifted from i give to receive which was a trade negotiation based on scarcity which caused me to create resistance voids and shortages and not focusing on the most important thing which is receiving see receiving the most important thing because we can't give what we don't receive we can't give what we don't have and as long as we continue to blend our intention of being of service of value of being abundant of learning that we live in a world of more than enough of everything for everyone and not in the world of quid pro quo trade negotiation scarcity or even worse a world of not enough of being a victim and not having anything and just everything happening to me. But this world of abundance is reliant on two components one i am worthy of everything i receive in. Its limitless an infinity of what i should and will receive so i can give it away in other words. I make a lot of money to help a lot of people and have a lot of fun. I want to receive as much as i can billions and billions of dollars. So i can give it all away but at my appreciation to that the everything i received only gets better when i add my appreciation to it and then give it away so i think that although in theory the more i give the more i receive is true that is much more pragmatic and profitable for everyone to focus strictly on. I want to receive as much as i can. So i can add my appreciation to it and give it away and when you do that you have created a void for the universe. Fill in the universe's exact and abundant and that is the power of expansion. that's what creates the vacuum. So if you imagine a pool with sides that are stagnant in. It's full of water and from your ability intention and attention to receive it pushes out. The sides are the walls of the pool. Will you can tell the water creates a vacuum. And if you put your attention in attention on what you want for others to come through you. It's gonna keep filling up exactly with what you have attention intention to in fact that's the mathematical equation of luck. What i pay attention to what. I give intention to equals those coincidences what. I'm building my pool with. And my job is to expand the size of the pool so the vacuum becomes greater and receives even more so what. I can feel the pull for others so everybody can swim.
"two components" Discussed on For Your Reference
"Mark and i feel like dots a disservice Forbid for me to save because inasmuch as we didn't get to see a lot of water in the movie he's still qualms over it so it'll be interesting to see maybe a few years later with probably get a new version. Oh absolutely Maybe maybe leave it alone in regards to themes. I wanna talk about survival. I don't think we've Outrightly said but there is consuming Of human mate In in this particular film also in the actual accounts And i just wanted to talk a little bit about survival I guess bringing a little bit of levity. We've talked quite a lot about the history channel's tv show alone Obviously it's it's in more controlled environment. But i would say it is roughing it out more than big religious. That's my beds fight. Another day But we we were fascinated by the show because of the two components. There's physical survival which is hot enough depending on the terrain that they choose not particular show you have to find shelter. He after decide whether you want to be close to running water you have to decide where you're going to you know cokie food and and got the fish and all that sorta stuff so there's the physical survival but what i found more interesting was the emotional survival because it are. You only need so much time if your learned to be able to set up shelter and then for however many long time you need to be able to survive within yourself. Yup are good with being alone just their mind and the thoughts and not particularly tv. Show people just drop because they just couldn't handle it they had built palaces and canoes guitars. You thought you'd like yeah. I can't do this anymore. Yeah absolutely In regards to add wada's book he wrote by the tenth day. Everyone was aiding those who had the hottest time deciding. Everyone had a motive for doing it. That had helped them in the deep recesses of his soul such as returning to see his parents or children to not fail is loved ones to fulfil.
"two components" Discussed on The Relationship School Podcast
"And so what i'm looking for is what are the values in the system of their relationship. What is their relationship committed to. If you were able to interview it like a bike an interview you and your partners relationship. There is something it would say like. This is what we stand for totally. That's what i like to help my clients figure out because until the relationship has its own identity values and purpose. The two components aren't pulled up into that vision so i'm trying to create a a third gravitational body that sort of hold both proponents. Which is both partners into their next level and i. I don't think most partners don't think i'm part of a relationship. What would serve my relationship. Rather than what would serve me no bernie. There should be three votes i want. What does the other person. And what is the relationship be served by be nourished by and that usually is a way to get out of collaboration. Increase.
"two components" Discussed on The Entrepreneur's MBA with Adam Kipnes
"Bit about intercommunication versus outer communication or internal versus external. Maybe just a lot of times will have conversations and we can be very good in the moment and connecting with other people. But maybe we're not so great with internal communications while we're sitting by ourselves ourselves saw all of those good things. How can mindfulness and understanding and learning and the meditations along with it help on the internal game that will then continue to increase that external game. Now that is an amazingly good question. And i just you know kudos. I've never had the question before. And i i really appreciate it The the way it works is when you're mindful there's two components to it it begins with entered work and there's a halt on of stuff out there. You mindfulness based structure classes all kinds of classes out there that that focused primarily and it is primarily an inner game though where my work is a little bit different is is once you've established a capacity to be mindful in yourself then you can be mindful with others and so it's a so what you're talking about is like working backwards a little bit. It's kind of like okay. If i'm going to be present out there now going to be present with myself and it's an interesting conversation because presence is the same muscle right. It's kind of like what am i going to. What if if it can live. Twenty pounds what are you gonna lift with something. You know this or that so you can be present with your own experience in the same way. You can be present with other people now. There might be some obstacles to that because of your own biases or your own judgements or your own. Basically bad habits And the there's a quite a bit to say about that. The bottom line for people who are sort of like interested in this kind of a practice is to simply notice what's going on inwardly and to name it just to go without judging..
"two components" Discussed on Green Wisdom Health Podcast by Dr. Stephen and Janet Lewis
"We started with sports The product that we have that you helped us combined is called. sbi spore immunoglobulins. Can you talk about a little bit about we. Some some of you guys are are used to the sbi support it's our powder. I literally have a guy that comes here and said my bowel movements. Were not right for a year and a half. Don't you ever run out of this product. And he buys two jars of at a time I've tried to hook him over to the sba sport they can. Maybe he was missing a little bit there. You can't talk him out of it. I mean literally it's like you're going to arm wrestle him down in the store She does whereas. Can you tell us why. The combination of the sbi with the spore. What the what they do. I guess why they're combined absolute so think of think of sbi so these are serum derived bovine immunoglobulins. They are they're cleaning crew that you're putting in your gut looming and they're buying binding to all different types of of bacteria two components of bacteria to talk sense to digest foodstuffs and they're helping with elimination. They're keeping these things from accessing the immune system so the thought process behind combining spores with fbi is at spores or very very effective at eradicating bad bacteria. Doing so they're killing off these bacteria. And anytime where you're using spores or using antibiotics or you. Using some type of natural antimicrobials spores are really important part of this conversation because as these bacteria are dying off their breaking apart and they're releasing all their innards which are very very toxic and really potent immune stimulator so they. Can you know you talk about what's called the her timers responds or the Die off affect a lot of times people will get Concomitant flu like symptoms associated with any type of killing protocol s. I is there to help bind up all of these things that are being released by bacteria that are breaking down and removing them harmlessly from.
"two components" Discussed on KTLK 1130 AM
"I'm but you're taking a college extent tests that you have to do online. You have to prove who you are. You presented idea. I mean, it's just You have to have an idea and so you know, but for us, it's about okay. We want to make sure every person that there is actually who they say they are. And why is that a bad thing? And why did 36 other states do it? If it's somehow disenfranchising voters. It's not even the courts. I think it was 2008 said. This is valid. This is this is something you can do. And so we're gonna keep pushing it. I wish the house would would agree. I'm not optimistic, but I think we just got to keep pushing it. Yeah, that was gonna be my follow up question. To the best of my knowledge. There is no companion. Legislation in the House at the moment, Nor is it including any of the omnibus bills that are that are being debated correct. Right in the state government bill We did put in our language to reform reform, provisional ballots, but we we wanted to run this one separate so that everybody could see what we're trying to do. In Conference committee. You can add bills, So in other words, you can add something even if it didn't pass the House and Senate on a budget bill, and so this one could be there, But I need to say the house. And the governor has been adamantly opposed to it well on in there. Look, there is an argument to be made that the Democrats, you know, Countrywide. In the last election did a much better job of using existing rules to their advantage. We've talked about this Ah lot, the ballot harvesting that is actually illegal in some states where justice and Drew agree that it shouldn't be, But it is right. The Democrats did a much, much better job of capitalizing on things like that male and male and voting and this is where again The argument against pushing back against voter ID comes into play, because look, you're doing a great job. You're still going to be able to go potentially win when elections. As a matter of fact, voter idea actually helps you win that cause because you've taken away an argument that gets used too often. When there is pushback over the over the winning on an election, you know, but again, they just they do not want and do not see it that way. To me. That's the more common sense approach would be if I were on the left. I'd be like, Yeah, man, Let's pass it. There's an idea for other things. And next time we went an election and you want to go and complain. There isn't a voter election integrity. We can go. Yes, there is. We agreed with you on voter idea, And I would say I would use the same argument that I that I used when we're talking about the Maricopa County audit. If you have nothing to hide, then you've nothing to fear, right? If you've got nothing if everything's on the up and up like you swear up and down that it is, if if there's no never any cheating, and nobody does anything that what What are you afraid of? Of having a voter Reilly idea? You should be welcoming it because it'll shut your critics up and we don't have to have these arguments every four years about election integrity. Yeah, you know they They're one of the debates on the floor. They said, Well, the people didn't want it back in 2000 and 11 or 12 when I was a constitutional amendment, but One of the arguments was well, we don't want it as a constitutional amendment. Well, okay, now it's not a constitutional them. Now We're just doing it legislatively and I'm not giving up on this. We'll keep going after this. If we don't get it this year, we're gonna keep working at it, And I think that's I'm glad you made that distinction because I do think that's a valuable important distinction. You know when when people bring up the referendum that was on the on the ballot a few years ago and how was defeated. They do leave out the fact that well, what's happening now is different. This that was a constitution moment. This is different, and they also leave out all of the other ancillary things that drove people to the polls in that election year. Voter ID You could make a credible argument was a victim of other things that were on the ballot, other races that were on the ballot that increased turnout among Democrats and among people that would typically be opposed to something like this. Yeah, without a doubt, and we've we've we do polling way want to know what is important people and about 75% of the public thinks that photo I d for voting is a good idea. And because when you look at it, it just makes sense. It says we're getting towards the end of the session. You know, your deadlines are approaching to pass a budget. Give us an update on where things stand now. And what do you think The likelihood is that you're gonna wrap up on time or are we possibly looking down at another shutdown? So we laid out I laid out the groundwork about what it's gonna take to get to the finish line, and we highlighted a couple of things that normally are never there. One is the emergency powers and what that does the mask mandates that, you know, quote mandates on business schools, youth sports, and that's all of those things. We're pressing toe lift the mandates what people live their lives and be safe as they know how to be safe. But it's a big area. A second one relates to the federal stimulus money coming in 2.6 billion The governor should not be able to spend that. And so those two components we are having good conversations about we put those together with the budget, maybe even this Friday. That's what we're trying to aim for The speaker and I We set the targets, and then we have to be done by a bleeding The 17th. So stay tuned. If if it does, If it happens on Friday that you're here, the targets were announced. That's really a good sign. Would you be willing to hold off on passing a budget contingent upon the governor of relinquishing his emergency powers and dropping those mandates?.
Right Person for the Right Job
"Let's go ahead and shift and start talking of. Yeah the article. I am curious. Article basically is fairly recent piece. It is from twenty nineteen and it is by rayton yellow bec- and wrap t and so the article is called fit perceptions work engagement satisfaction and commitment so very straightforward title. Unlike many that we often see And it was published in the journal of managerial psychology. Which we don't usually pull many articles from but i thought that this one was a really good just kind of straightforward streamline message about the importance of a person job fit to help. Everyone understand why you should be interested in that topic awesome. Yeah so you're telling before we started recording. This is pretty straightforward. So what money give us some definitions. I or sure and then we kind of dive into it. Yes absolutely so. Let's talk first about fit so there are different types of fit that you can have on the job so you can feel that you fit well with your supervisor. You can feel that you fit well with your co workers. You can feel that you fit well with your group or your team The ones that we're gonna be looking at today are feeling like you fit well with your job and feeling like you fit well with your organization and so those are actually two of the most prevalent or they are the two most prevalent types of fit. That i've been studied in the research and particularly fit to the job has been studied with a lot of. There's been a lot of focus on that in the research and it is important that you fit with your supervisor you fit with your co workers. You fit with your team but in studies that have looked at them all together. It seems like person job fit and person. Organisation fit tend to be Have have stronger relationships with some important outcomes Than other types of fit as well so they they are quite important and so let's talk about what they mean so person. Organisation fit is the compatibility between a person and their organization so that the organization provides what the person needs and that they feel that they share fundamental characteristics with the organization so something about the organization represents who they are as a person And that the person also represents the organization so they sort of share similar values basically is. Po fit And they might also share similar like beliefs. They might have similar goal sets things like that. So sort of the culture of the organization and the value of the organization fit with who the person is. And that's person organisation fit. And i think an important thing here is As people are thinking about this idea it's not just the culture is obviously important that you feel like it's culture that you like you're getting the theory leads met but sometimes you can be in a place where you've got a great culture but there's something about the values don't align with you can still make you feel a little iggy. So he met value piece is really important. You wanna make sure that you're aligned to what the organization is doing or you believe in the mission to some extent To really have a strong person organisation fit. Yeah and i mean you can think about this. There's actually a case that was done at jewel which is like the vaping company and their culture as a company is really positive but they lose people because people can't get on the board on board with the mission of selling people on vaping right now the way that they reframe it for people is that it's for you know they try to say that it's four people who smoke and they're trying to get people who smoke nicotine off of nicotine onto jewels rate or not nicotine who smoked tobacco off of tobacco that goes in your lungs etcetera and onto jewel but there's also like heavy marketing towards you know people that don't smoke already and so people that's an example of a place that as a case that they use in business schools A place that has a really good culture but they lose people due to the values pretty frequently interesting. I'm glad you had a case. Speak to that like some examples in my head but Some that. I wasn't necessarily as excited to share because i know people that were concerned places. But i don't know anyone who works at so i don't care i'm so so so yes. So that's we're gonna nation. So it's more like a broad-based. I stands for and i like the culture here Person job fit is basically a similar idea but between the employee and their specific job and there are sort of two components that make up person job fit. So one is that i have. What the job requires. So what's needed to do the job. I possess so my knowledge skills abilities and other sorts of things mash with what's required for me to do the job so my personality meshes what i know how to do. My skillset meshes well with what's required to do the job at another piece is that this job has what i need in order for me to feel fulfilled and that could be with regard to i get the recognition that i need. I have working conditions. That i like. I have pay. I appreciate i see myself as having career advancement in this job. So it's not just about the tasks duties and responsibilities. Do i feel like i can perform them. Well but also do. I feel like i have other things that i would need out of the job itself that fulfil what i want out of my career. Yeah and that kind of ties into the piece of. I know how to do a task but for the task is really boring to me too. That's another important part. I know i can count marbles all day long like to be able to count them. I have the capacity to count. But i would be so bored and it wouldn't be engaging me i wouldn't feel the challenge that i need or you know. Be making an impact. That i need or something like that and those those components are important. So i think that's a really good point that it's you know it's not i mean the definition is not just around you. Can you do the work. But is that work also going to be meaningful for you.
"two components" Discussed on the Talk 2 Q Radio Show!
"Ray listening is not only hearing but also acknowledging and like they say active listening right paraphrasing. you know china You know. I'm i hear you i and this is what i understand you saying and Especially when they really need to talk and also listening has a nonverbal component as well in my opinion Notice saying when you know they seem off or there's something going on and and Asking them about it and You know that when they're in that kind of mood or they're just tired you. They need their space acknowledging. That as well so i would put verbal and nonverbal communication and not an end Listening is a big part of that Listening with your heart and With your ears. A mary you know. I know that women want to listen to them. But as a man i can say that finding a woman who listens To us is not always easy as well. I mean there's nothing more frustrating been complaining about the same things over and over again. I mean that's a sure. Sign at your mate either. Doesn't or doesn't care about your feelings or what you want now from a mass perspective a lot of us. Don't really ask for much so when we can't get the simple things. It says the make the relationships. I'm a little one-sided in my opinion if the complaints in relationships are addressed then they can lead to content okay and no one wants to you know hold their significant other in contempt or anything so when arguing i guess because complaints will ultimately lead to disagreements arguments so when when arguing How important is it to fight fair and not let some of that contentiousness come out super bowl when you said there was like. Three components are two components to listening..
"two components" Discussed on Chai With The Pre-Med Guys
"Yeah a so. Let me explain what physical medicine rehab even is writing a lot of people so two components of physical medicine and rehab. I like to explain the rehabbing easiest one for us to kind of gauge. And say okay. I know what that is. So rehab is typically in patient you know as i like to speak about it So if you talk about the inpatient world we have spinal cord injury brain injury stroke rehab and like general rehab so if you guys have ever seen those commercials like the wounded vets and they're like on a parallel barn. They're trying to walk method. That kinda as your patient right. That's what we're typically to. We're trying to typically get their function back to maximum capacity so that they can live their best life and optimize life when they go back home when they go back to wherever they need to so against impatient. You're seeing things like spinal cord injury so a gunshot wounds fall from the stairs. You're saying traumatic brain injury so like skiing. Accidents motor vehicle accident stroke. You know that's come and obviously when somebody has a strobe have deficits right a lot of times. You can't walk. Can't use their arm. They can't use a lot of functions that they used to. And then you have general rehab as well certain ailments that impede some be to live their life now. The physical medicine is more Outpatient i'd like to say Deals on a spectrum from sports medicine where there's not too much intervention and then you can go to something called sports spine. Where you're doing like epidurals injections radio frequency ablation more intervention on the spine and full full on pain medicine. Where you're doing nerve blocks throughout the whole body etcetera. Now there's also things like cancer rehab movement disorders emc specialists. You can literally create your own. Feel so i plan on doing like ortho by logics. General medicine along with functional medicine along with him A posse sports medicine. So combining exercise physiologist all these things so again. It's really it's a crazy field. It's really whatever you want it to be So.
COIN: Why It's Going To Make Your Life Easier
"The business that you'll running the project that you're only it's called coin and i. I can't believe that there was no other project coin to be fair Well done on not what what is point. Can you tell us about what coin is and what coins setting out to achieve. Yeah absolutely it just to the point that you just made you know part of our mission and even starting. The company was to really go along with this cliche that i think every startup in entrepreneurs trying to solve in. It's really This premise of making digital assets. Simple in so ever since we started our journey in the company always executed with that premise. In mind in. So when we thought about naming branding the company. We didn't think that there was any more A word or term. That was any more simple than coin that really embodies industry. And so. that's kind of how that derived we've been gone down the path of attaining trademarks insulin for it but as far as coin itself We are as you mentioned earlier. Appear to your cross jane. Decentralized wallet in exchange in were powered by this notion of cross chain interoperability we leverage atomic swaps to be able to facilitate a lot of those exchange. We've also layered this Some Artificial intelligence to be on top of this technology. In order to help consumers be able to transactions or manage their assets. Much more simply so that they could save time money. So in a nutshell. That's what coin represents in. That's the platform that we're bringing a market. So you mentioned bringing is in which tomase interesting. It is fascinating growing technologies. Well what exactly will the role of i apply and you explain the the what. What's the role that i can play to make the user experience more simplistic and to make it easier for people to access the digital assets or by great question In it's really intended to be able to create a new paradigm shift when it comes to crafting a very easy to use experience around managing digital assets and typically when people think of user experience they think of design they associate that immediately with you i components and look and feel of when we think of user experience that's obviously one component of it. The second component is really the process in execution That maps in alliance to use our expectations when they're actually executing transaction or or leveraging your product and so when we talk about using a ai were doing it on both of those fronts to really make and craft that user experience more more possible more easy so for example by using ai. We can predict the intent or try to predict the intent of what someone's trying to do or execute on the platform and we can provide suggestions on maybe either making that process. More seamless more faster For example we can notify user. If they're bitcoin holding is down percents today may be making not only the notification but a suggestive action. that could help that user Either money or come to a decision on how they should be managing their assets We can do other things such as even when you're browsing the web predict to maybe what you're trying to do and then present you with your walla balance or maybe if we can recognize that you're trying to send a transaction we can actually papa widgets that actually help you do that step you through the process and and help you execute it without even having to go into the app you know log in things of that nature and so it's really using these models Where we gather data at intelligence about what we think users might be doing in order to really help them and provide them enough insight to potentially save time money
What the immune response to the coronavirus says about the prospects for a vaccine
"With a number vaccine candidates against the corona virus sharing promising results in clinical trials and a growing number of studies elving into our mean response to infection. The spotlight has turned once again. On the body's defense mechanisms. I think two questions that really relate to the ability of the vaccine to protect us and our ability to fight off a second infection and so that is the quality of the immune response and the duration of the immune response this week. I'm joined by professor. Eleanor riley from the university of edinburgh to dove into these questions and more. I'm nichole davis. Welcome to science. Weekly ellena you came onto the podcast in july and talk to us about immunity and covid nineteen specifically the relationship between antibodies and immunity. So let's start with a recap on the major players in the immune system that are of interest when it comes to an immune response and potentially immunity so antibodies are protein molecules that are produced by immune cells kobe cells and these cells live in our spleen and narrow and they secrete antibodies off. They've been exposed to a foreign organism such as virus. There are two types of cells that produce. Antibodies on short-lived cells that produce. Antibodies for a few weeks national to the first line response and then some of those cells transition into lonely cells that goto a bone marrow and can produce antibodies for months years. Possibly even to case and then on top of antibodies. have that can kill virus. Infected host cells t cells the two types of t cells one of which we think of such of the conductor of the orchestra of the immune system and these kotei health cells and they very much help the b. cells to make antibodies produce. Growth factors may direct the direction in which the be cells developed and they will still give them signals to turn into cells and then there are the cdte cells and they actively kill virus infected cells and then Antibodies can also bind to these specific cells and help them to kill cells so they recognize little bits of virus on the infected cell bind to the infected so and kill it and then there are cells which are less specific cells that we call macrophages are neutral fills and they just recognized that. Something's not quite right with the cell. They don't necessarily recognize the infected with the virus and they kill it actually or bits of the immune system work together a little bit like you need a whole orchestra to make a good tune when you need all of these cells working together to make a good news arms. And i know you said in july that at that point it was too early to tell how quickly people were losing their antibodies. And we've got to remember here that it's a relatively new virus. What's the latest research saying that seems to have been some movement on that now. What we're seeing is if you all the data together. There's an early peek in the antibodies wants. Lots and lots of antibodies are produced to mop up all virus. That's in your body and then as that virus goes away the antibodies start to decline a little bit. Because you don't need them any antibodies anymore and they settle into a of steady class. O of antibody production. And that's very typical. This kind of two phase response the only peak lots of antibodies followed by sort of standing level of antibodies. That nick for a long time. That's very typical of an antibody response and it sort of relates to the short lived long lived cells. You have lots of short-lived cells making lots of antibody that off and then the long lived cells who that fewer in numba keep on producing. Antibodies for much longer so yes. Let's talk about these long-lived b. cells in the no said the t. cells. What is research telling us about what happens to them and how. How long do they hang around for. So we don't have much data on those are actually quite difficult to look at in humans. They tend to live in the bone marrow for example not very accessible and so we tend to rely on mathematical modeling of the change in the dynamics of the antibody concentration to predict what's going to happen even though we haven't actually been able to see it because it hasn't gone on long enough so the moment the infants is that we have suggests that things are probably okay these cells behaving as we expect them to the was one pay published early on suggesting may be a little bit of a fault with the production of these long midsouth. But i'm not sure that that's been replicated in other studies. I think i saw a preprinted study. That hasn't been peer reviewed yet. Which jested that these visas and t so's lost for at least six months is that. What are the problems here in terms of measuring this so we only have six months data at the moment and the virus really hasn't been around that long so what we can say the moment. Is that the cells assisting for as long as we are able to measure them at the moment obviously in six months or another twelve months time. We'll be able to go back to those people and say have they still got those cells. Yes or no. But in the meantime just looking at the change in the dynamics of the response and mapping it onto what we know the other viruses. My prediction is that these that there will be some long lift immunity to this virus. He said there might be some long term protection. How long term are we talking here. I mean i've seen a lot of people saying well current viruses such as that of course common code some codes of course by coronavirus is of course the protection only lasts for say a year or so. Do we think that our protection against the corona virus that causes covid nineteen mike baxter timeframe or or could it be longer. I think it's very difficult to say at the moment. Say all of the data. We have suggests that these antibody responses are going to be at least as long lived as response of corona viruses. And possibly i might think even probably going to last longer your immune response tends to be proportional to the level of threat that you face so the common cold corona viruses really only colonize our upper respiratory tract so on nose throat and so the virus doesn't go very deep into apology and we make rather grief that effective noon response nose and throat that controls it this coq nineteen causing virus goes much deeper into our bodies it goes down into our lungs into bronchial and therefore the immune response tends to be stronger and they struggle we call systemic immune responses do tend to last longer because they are recognizing that there is a more serious threat that has to be dealt with. Do we know if factors like ethnicity gender age factor in the scale of the immune response. She said stronger. Immune response to your first. Infection is is more likely to me. You have great protection against the second infection. Those factors correlated at all. There's very little day to so far on ethnic differences in the immune response the data. That's coming after the vaccine trials suggests that there aren't any major differences in at between ethnic groups in terms of whether the vaccine protects them will not but we haven't yet seen lab data on their antibody responses with at t cell responses. There is a lot of genetic variation in the immune response. People be aware that some people unfortunately have very severe genetically determined immunodeficiencies. That's just the tip of the iceberg of genetic variation in the immune response and some of those differences do have geographical and ethnic components to that certain genes that either make good or bad immune response on more common or less common in groups countries. But we don't yet know if any of that is going to influence really the totality of their immune responses. We just don't have any evidence much by age. It feels like ages is. It's very important given that the older you are the more risque from caveat nineteen so there are two components to that one is whether you are able to make an immune response again's a virus. You've never seen before and there is. I think really quite good evidence that you ability to make a completely new immune response does decline as you get older. The other component is that a lot of the disease we say in coke nineteen excessive inflammation. And there's also evidence that we get older with less good controlling inflammation so it's a little bit of a double whammy as we get older way are less able to make an immune response to a new virus such as the covid nineteen virus and if we then get the viral infection where less good at controlling the inflammation that it causes a so we know there are several different vaccines. Which looking very promising. You have the rene vaccines at you have vaccines which used a chimp. Virus to bring genetic material from the corona virus into cells. The question is is the immune response that generated the same as it would have been to a natural infection and do the t. cells and so on hang around in the same way. The vaccine is just a tiny component of viruses this spike protein which is on the surface of the virus and so if you vaccinated with spike protein. You make antibodies in tesol responses just to that protein. If you get the virus itself then you get many many more pro teams that you're exposed to a new may make antibodies to some of those. So you responded more limited but you might also say that your response is more focused because it's actually antibodies to spike coaching a really important for neutralizing the virus so the vaccine in juices a narrow immune response but one would hope it would also be focused on therefore stronger on the base the matter and would it be expected that this will provoke a stronger. Immune response natural infection. I've heard some people say that actually vaccine can producer a strong response it coun- if they initial infection is quite mild say with virus like sauce covy to which induces very mild infections in some people i would expect the vaccine to tobacco to jason mewes which is much stronger than you would get after nascent dramatic or mild infection. People get serious dose of coca to make a very strong immune response. And i doubt if the vaccine it doesn't need to be any strong national adopt if it is when it comes to and viruses the coups common code. It's been some concern that these viruses somehow elude the memory b cells. and so. that's why even though we have thousand cells to to the common cold viruses. We will often get reinfected with them. I wonder if they're those same concerns about the coronavirus behind covid nineteen so there is a little basic data. There's one paper that suggests that the sauce kofi to virus that causes covid nineteen disables particular pathway in the b. cell response leading to a poor long term memory response but these experiments done in the lab in a in a in a petrie dish. And i think it's too early to know if that's really what happens in humans so i think we do need to be a little bit cautious and we need to be aware that it might happen. Good news is that the proteins that are believed to cause that problem are not present in the vaccine so even if it's a problem in natural infection it shouldn't be a problem with a vaccine
Dr Fauci on herd immunity
"Dr. Fauci, what is herd immunity, and when do you expect the United States to get there? Well, herd immunity. You know, sometimes the the terminology is we use can confuse people. What herd Immunity means is that when you get a certain percentage Of the population that is protected against infection, either by natural infection, and we're not even close to herd immunity now as proven By the fact that we have had spikes in areas that have previous spikes, so the previous spike didn't prevent them from the subsequent spike. So herd immunity is when you get a large proportion of the population that's protected, which means those who are vulnerable and not either the vaccine doesn't work in them. They have a biggest susceptibility to getting adverse effects of an indelicate, eerie is consequence of the infection. The fact that you have so many people that are protected the virus. If you want to use a metaphor has no place to go. It's looking for vulnerable people, and most of the population is protected. That's how viruses die out. That's how we smashed measles. That's how we smashed polio. That's how we smashed smallpox. So that's the reason why you have an efficacious vaccine. You want to get his many people protected so that it's almost like if you have heard of strong animals. You see it in the movies about going into Africa and the beautiful scenery you see about herds of wildebeest or what have you You have the herd that's really strong. You have some weak ones in there. So when someone maybe the metaphorical lions trying to get in there and take care of the weak ones, the strength of the herd protects the vulnerable ones. That's what you mean by herd immunity. So it's a question of Two components and efficacious vaccine and getting as many people vaccinated as you possibly can. Those two combinations together, those two ingredients could protect everyone which gets to another important question that people keep asking. We've got to make sure we engage the community. To realize that the decision about the safety and the efficacy of the vaccine and the speed with which we did it. The speed was based on very exquisite scientific advances and an enormous amount of resource is that would put into operation warp speed to make this happen? There was no compromise of safety. Nor was there compromise of scientific integrity. Now we've got to get that was real. Yeah, the decision. I right, Go ahead. Now. Let me just say it. I didn't mean to interrupt this decision to say that this vaccine is safe and effective. The data were analyzed by a completely independent board. The Datum Safety Monitoring board, which in fact doesn't have to answer to the administration doesn't have to answer to the company. They're independent. They look at the data and they said in Both of those vaccines, both the Madonna and the and the Fiza that it is official efficacious and it's safe and to protect you, even against serious disease. Those data then get analyzed by career scientists that the FDA in association with an advisory committee that again is independent. When that decision is made. All of the data is going to be seen by scientists like myself and my colleagues, so the process is independent and it's transparent. So I know there's been a lot of mixed messages that maybe have come out. But one needs to appreciate that. This is a solid process. So when they say that the vaccine is safe and effective, if we want to protect the individual and all of our society, we should take the vaccine and I could tell you when my turn comes up. And the FDA says that this is safe and effective. I myself will get vaccinated and I will recommend that my family gets
Chicago issues stay-at-home advisory, new restrictions on gatherings as COVID-19 cases surge
"And after a spike in covid nineteen cases in chicago. A stay at home advisory is set to take effect in the city tomorrow. Joining me now. Is the mayor of chicago lori. Lightfoot mayor lightfoot thank you very much for coming on. am joy today. It's my pleasure. Jonathan so talk about wh- what moved you to take this this drastic action for your city well to be blunt our projection. Show that if we do not significantly change the course of this pandemic in our city In the next seven weeks between now and the end of the year we stand to lose conservatively another thousand chicagoans to death and standing by and watching that kind of devastation. It's just not something that i could buy we are at a critical inflection point in our city. We have to do more to save lives and to make sure that our healthcare system doesn't face kind of crisis. We feared back in the spring just from early. October are cases of absolutely balloon. Four times number cases three times a number of percent positive eighty three times a number of people in hospitalizations and icu. Rooms all the figures that we've been following and well since the start of this pandemic are are really trending in exactly the wrong direction so it was important for us to act and act boldly and decisively mayor lightfoot in the spring when you're going through this you became a bit of a mean telling people to stay home. Your jump shot your jump shot. Isn't that great and other things trying to get people to stay home. Do you believe the people of chicago are taking the pandemic seriously this next round. Look i think could with fatigue is absolutely real. This pandemic is up ended. Everyone's life people are scared. They're tired. they're frustrated when they're also angry and i think it's more challenging now than ever to try to get people to comply but we have to dig down deeper. That's why a second component of our stay at home. Advisory is a massive street activation. We are going deep into zip. Codes and census tracts on a door to door basis. We're going to be writing this like a political campaign to make connection with folks in those neighborhoods where we see the percent positivity at twenty five percent or higher bats are really in chicago. There are a lot of missed. There's a lot of fear in black and brown chicago about government about the healthcare system. And we've got a bust through those miss in order for us to be able to save people's lives know mayor lightfoot before bring the panel the and i'm just wondering as the mayor of a major american city as the mayor of chicago do feel abandoned by the federal government as a result of its inaction as a result of there not being a national plan to get a handle on the coronavirus pandemic well from the earliest days of this pandemic. I knew that the federal government would just not going to be helpful. The cdc has been helpful but the white house hhs dhs. They have not ever had a plan. And i that we were on our own. I knew that from the earliest days when they diverting flights from china to airports across the country chicago being one of them But what's worse. What makes i think life on the ground in cities and states. Much more challenging. It's a have a president. It was everything he can to minimize the impact in the seriousness of this virus. Just mask wearing a loan politicizing. Something that we know is one of the few tools that we have outside of a virus that works and having a fight against that level ignorance it's being spewed by him. The vice president people in the inner circle of the white house even as they are getting sick with the virus. It's mind blowing but it has done real damage here and across the country and the mayors and the governors are now having to clean up the mess and to try to get people into compliance and convinced them that what we are doing is really trying to save lives.
Finding A Cure For Hangovers
"Everyone, it's Martin from twenty minute fitness. I'm here in San Francisco and I'm connected with season Lee founder of more laps Could you please do to yourself and Tello our audience? WHAT MORE ABSENCE? All about? Yeah. I Li- Martin having me. Yeah. Little background about myself. I was born in Korea and immigration with my family to Canada when I was nine. So I grew up in Canada did all my school here under Grad and that moved To Central Cisco right after that where it began my career as a product manager at Facebook, a couple of years through lots of different asserted destroyed I ended up in L. A. starting two thousand seventeen to start what's more laps today am what has more labs do is essentially we're stupid you company on Consumer Goods Company that makes what we call science beck supplements that combat modern-day stressors that slow you down such as fatigue poor sleep quality. Hangovers. I. Mean we referred to our products says, life products you know things that can help you hack your life be more productive than just more joy out of it and yeah, I mean like one of your hero products has been morning recovery. Maybe we can start with that product and you can tell us what actual day stressors this product actually focuses on. Yeah I mean I think the sort of DOT gr no more labs and our mission definitely evolved from morning recovery, which was the first product and basis of our company in its early days although we a lot of months where this was sort of a fun side project before it stepped into A. FULLTIME and a company with a mission, but ultimately, morning recovery think of it as their a remedy for when you consume alcohol especially if you to consume too much alcohol. So we we have it's a holistic approach though it's not a single ingredient but the hero ingredient is flavonoids called out Dha, which is an acronym. Extracted from a plant known as doses, which is also known as on Oreo, Japanese, raising tree, and product that carry the is actually quite popular in Eastern Asian culture especially create Japan, and what's interesting here is that it's got properties a speed up the breakdown of what as hell to hide, which is a highly inflammatory biproduct alcohol that's created when we rate out in our liver and so ultimately when we consume any type of liquor beer wide, ultimately, it's alcohol that we needed to break down into a civic asset fled under body but before call acidic acid, it turns into height that's actually a byproduct as much more than alcohol itself, and so all the really doing is. Acting as a catalyst to help your body break on sort of faster than that you, you didn't have a morning recovery and so at its core at you know that sort of how it works right. So basically helps me to process alcohol much quicker or my liver by that I mean, of course, and then the next day I on much faster recovered and I don't half that sensation of well hangover which for many people can be quite a few different things from nausea rain faulk to exhaustion dizziness headache CETERA, right? That's right. Yeah. Arrive at that compound yes. Oh, you know initially I mentioned through a lot of serendipitous dirty. We got two more labs and so I think It's difficult to sort of describe how we found developed the product without going through the founding story. But I, mean ultimately over decades especially in places Korea Japan, there's actually a giant industry, but that's explicit known as hangover drinks as funny as that sounds just like how energy drink is massive north. America with hero brands such as red bull monster at everybody is very familiar with personal concept over there but replace energy drink with hangover drinks. Now why? Why is that? So I mean I think a lot of it is a cultural thing and I think there's two components to it. This is just my best my best guess what is scheduled to set to drink quite a bit and so a data sources such renominated a year year actually shows that Korea especially is the number one liquor consuming country in the world. So I'll give you a statistic that's kind of mind blowing fourteen shots of liquor per week per capita in south, Korea and number two Russia at seven, and so I think this is one of those things where when people talk about worker. Party without ever actually having been to places like. China Hong Kong Japan Korea people definitely drink a much frequently and I think maybe that's also the reason why and especially because they have such a cutthroat work environment where even though the throughout the week, not just weekends next day you you have to dress up and go to work
Unraveling MiCA and the New Regulations Threatening Crypto in Europe
"That's that's enough about France. Let's because our list get bored with with all the stuff that's very specific to France. But let's broaden it a little bit and talk about Europe and where where there's a lot at stake here, and this is GonNa be the bulk of conversation. We're talking, of course, the digital finance package which was. Drafted and released in late September. So just for context, what are the high level principles of cryptocurrency regulation in Europe one of the major frameworks that cryptocurrencies and cryptocurrency actors fall under in EU? Okay. There's Hugh big ways of regulating cryptos in your roof basically we can shit. Yeah. Two a way of regulating the first one is considering the that crypto assets are a securities. All of them and make them full into the financial regulation in general. So that's the approach taken by Germany and a few other countries. So if you are operating his. Exchange in Germany than you have to be a regulated. Financial Exchange that that's a that's as simple as that. So. That's the first the first way of doing it, which is quite easy to do of course, but can lead to some inefficiencies. Patient. Because the financial regulation is is very strong and very difficult to apply for a small actors like And then you have the countries that try to create a dedicated from Fokker to us. Already mentioned France of course did this but you have. Your mountain you're. They'll have like a crypto license. where basically you you described project and you you have specific allegation. That are adapted to the crypto asset and that may mentioned for example, custody this Kanye to the DESTIG- sector. So these are bespoke regimes that are created by national governments in order to help players and startups in the crypto space get started without all the encumbrances and red tape and everything of a very. Complex Regulatory Framework as exists in the financial space. That's a the LAKME. Exactly. And then on top of this. Irrespective of the of the local regulation, there's an obligation for each member state to. Put into place regulations on Koa mill for all the all the exchanges that David with Euro and all the custodians that's from a you regulation. So needs to be apply everywhere in the. And see the animals five. Directive. CRYPTOCURRENCY startups in Europe are regulated at a level by Amil Five, which implies at every exchange or custodian conducts L. Kyc on their customers but other than. Other than this specific. know-your-customer regulation there hasn't been until now a framework at the level to regulate things like. You know specifically how tokens are listed by exchanges or Stable, coins or things like ICO's until now, these have mostly been regulated at a local level. Executive okay. So let's let's now jump into this Israel finance package. What. Is this digital finance package that was released by the Commission and? How does it change fundamentally this this situation that we're currently. Yeah. So the digital finance package, it's a big badge very, very big. Named suggests it converse everything digital and finance, and the objective of the digital finance package is basically to make the EU competitive you know Narita where the financing finance is increasingly digitize so very broad and diverse. That's a lot of different regulations that covers a lot of different areas. But of course, what interests us is, if you QBC's of this regulation that will concern specifically the crypt assets industry namely the Mecam regime, a markets data sets. And then at the pilots regime for the security tokens, those are the two components that are specifically targeted to drip to assets in rural. So basically assets registered on a blockchain and. The idea behind this dysregulation is to consider the criticism very specific new as clubs. So it's quite zooming out to the approach that was taken by friends, for example, that the really considering the group that as as a different industry as the other ones and to create a specific set of groups. An spoke regime that will apply to those actors and to the staff teaching. So that that's what will happen and that's that's what the the regime sets since motion. Every single crypto assets ACTA in euro will be regulated by camp. And everything will issue of security token gay news, the pipe between, which is very specific some kind of sandbox Okay. So, when you say every single crypto currency actor in Europe will be regulated under Meka. I think we're GONNA spend most of this time talking about Meka because the one that concerns defy more so than the the pilot regime, but we'll talk about that but. When you say every single actor who you talking about here give us some examples of like who are the people who are the companies that are getting affected and regulated by this. Broadly speaking meka is the creating a new category vectors. The Cold Crypto said service provider. So shocked providing service whispered doesn't you fall into this category and it's very inspired from The financial regulation. So basically, the crypto asset service providers, the custodians. Trading Platforms Exchange execution of older reception and transmission of all those of us. It's so if you look at the different financial services in Mifid, which is the financial regulation, the Euro. Just, a cookie based basically adapted, of course, because there's the custody, but for the finance photo crypto has had sexto. So if you are providing service got an intermediary basically exchange, you help people by yourselves to assets, you advise them on guitar sets you will be a regulated under the regulation. So you all catch. and. Then there's a regulator about of the regulation that is focused on the issuance of quotas. Any issue of will also be regulated. What is the meaning of a for issuing protested? And there's specific. Dispositions on stable coins, and this is a very, very sensitive topic with a lot of pages of regulation just to give you an idea. The whole regulation is like a hundred and seventy six pages so to just on meteorology allergy and stable going bar is like a
The FAA have released the Flight Standardization Board Report for the 737 MAX
"Affiliate released its scrawl or lay up to the topic at the full name, the fight standardization board report provision seventeen, date xxx x x, x, x I think they forgot to fully about before there but this is basically the proposal for the pilot. Flight Training that will need to be conducted before pilot can get back in the left or right seat seven, thirty, seven Max, and it is not insignificant. There are two components to it is a ground training component. Of course that will take several hours to complete. They have to do training on runaway stabiliser speed trim fail stabiliser out of trim. airspeed unreliable altitude disagree out angle of attack disagree specific training for things like dealing with multiple alerts and. Notifications going on at the same time since that was one of the contributing factors to both accidents was that there was just so much going on in the fight deck at the same time that it was completely overwhelming for the crew. Some other things that go over the change from the engineer, the classic to the Max like Ian You pointed out the either is Glenn new, Gear Knob Retraining I. Think Nob End yes. Yes. There has the physical. Location of some switches on the Max have been moved. So they're doing some ground trying to get pilots familiar with that. In case they need access it quickly but then it comes to the flight training which remember one of the if not the biggest selling point of the Max especially to airlines like southwest was bad pilots would not need specialized fight training. They would not need simulator time to get to upgrade from the N. G. to the Max. Here's what they'll have to do in said full motion fight simulator five key competencies, demonstration of the M. cast activation for pilots, which will simulate activation during impending or full stall and recovery demonstration during manual fight in a clean configuration, the also have to step to simulate a runaway stabiliser condition that requires the pilot manual stabiliser trim which I believe was a big issue in the Ethiopian crash, and that there airspeed was too high that they couldn't manually trim after turning off the electronic systems. Step three is the use of annual stabiliser during approach go around in a level off. Four, a cross full flight simulator at believe vendors activation demonstration by either pilot acting as pilot flooring in the last is dealing with an erroneous high angle of attack on takeoff that leads to unreliable airspeed condition accomplish by either pilots or acting as pilot flying, and that demonstrates that the flight deck all of the alerts going off the visual the TAC. Toe The audio alerts going off associated with that failure and had to deal with it. So this is a lot of time in the simulator only two of which two of these five points can be done in seven three, seven N engy simulator. So the six, seven, eight or nine, hundred while three of the five key points must be done in an actual. Maximum later of which I'm assuming they're still are not that many in the world. So it's GonNa be pretty slow roll to get pilots in the simulator and trained up and authorized to operate the Max once again.
"two components" Discussed on KQED Radio
"These. When you accumulated only apply during pregnancy, there could be potential benefits. So I think, depending on the society the way variables might play rules differently. I mean, it's fascinating. I would have thought that fighting a pandemic possible unemployment. No, Commuting would have stressed a lot of pregnant mothers out and you're saying it's actually perhaps the opposite. Do we know what actually causes premature births in the first place? You know, that is why I said it could be different in other parts off the one supposed Tereza and a legion where locked down was imposed. But at the same time access was not available for pregnancy. Later assessments and care and suppose, financial stress and unemployment was mounting off course in such areas. I am not expecting the same observation to be seen The second component if your question is, we actually don't know. The exact reason for all of the preterm, But in some situations we know it could be due to infections and maternally listeners. Andrea Alias factors are there but that would not account. For a significant proportion off very premature deliveries where we don't know what's the cause. So professor, since most countries have opened up now, at least partially, have you seen a stabilization in the figures that you've been looking at? Are there still much fewer early birth? This is where I think the interesting part is going into your much. Depending on how the countries are going to open up on a stage wise manner in a normal scenario distributor Worst back toward the previous unknown, wass, another potential ease, and I truly hope that will not happen. In case in some countries, there is a need for a lock down to be imposed again. And if the same pattern is re emerging, then that should make us really think there is something in it. But at the stage our study from university Hospital in Limerick on the university off medical school, and all our observation is for one region off one country only, but I'm already hearing the same Picture from many other regions off the world, so hopefully or one of the coming ones well conducted a search will add more light into this really interesting topic. Professor Roy Philip is a neonatologist at University Maternity Hospital in Limerick and Ireland has been telling us about a trend it during the pandemic of a drop in premature births in many places around the globe. Professor. Thank you. Thank you so much for having me. Thank you. In Haiti. The health care system was among the worst in the Western Hemisphere That was before Cove in 19 and there's now concerned that Corona virus cases are being severely underestimated. But since Haiti's first case hit, the pandemic has taken some surprising turns the worlds Alana Gordon spoke with one nurse about how she and others have been navigating the uncertainty. Graciela Cadet started to become really anxious in early March. The pandemic hadn't reached the country yet. We were afraid, very afraid he here because we know all the limitation we have. All the challenges we are facing is deputy chief nursing officer at the NGO Partners in Health Main Teaching Hospital of Memorable Day in a country of some 11 million people, she says. This lead hospital only had the capacity to treat about 20 critically ill patients isn't those who might need a ventilator, so that makes us nervous. The hospital and a few others did add on some more beds in isolation units. But still found before Cove in 19 Haiti's health system has struggled. Widespread protests over government corruption and a lack of essential resource is prompted even doctors to go on strike last fall. Then, on March 19th Haiti's first to identified current of Iris cases were announced imported from the U. S in Europe. Cadet remembers that day. Well, it was a night I received so many cause saying, Are you ready? Are you ready? But, she says at first, it was the fear of this new virus, not the arrival of the virus itself that posed an even bigger threat. As has happened in other countries. People who were thought to be infected with covert, 19 were violently targeted as we're health workers instead of seeing them as hero they were trying to Put shame on them. Some newer cove in 19 units being built were burned. There was saying that we don't want covert night in unit heater, because once we got it, then everybody in the community going to die just because there's patient they're popular Rumors circulating claimed that hospitals are the ones responsible for killing people. There's even a phrase for this. The corona virus injection. All of this has impacted care. People were afraid to come to the hospital, and either they come too late or when they come in utensil a man you're gonna go to the cova, Ginny? Because you got enough. I was They say no, I'm not going there. I prefer to go home. And some die in their way back to home because they refused to enter a covert unit says When her own dear family friend became sick. The woman ask her for advice but didn't want to come in. She was only brought to the hospital after she was already unconscious. I'm sure if she came earlier, maybe we could save her. But when I get to have thought I said to myself that I did my best. Haiti has since launched a massive education campaign.
Explain How Your Business Works Using a Bike
"Years ago I had the opportunity to run a small manufacturing business. He was my first opportunity at leading a team of people and as I entered the business on the very first day and walked around and met many of the workers. Many of the folks working in the business a quickly dawned on me that most all of them were there simply to do their job in didn't really think much about how the business worked or the strategies. We were GONNA use to make the business better and I wanted to get them engaged in the business and so. I was trying to find a clever way to do that. I came up with this great idea to use a bicycle as a metaphor for a business and so I rounded up the entire team. I put a ache at the front of the room and I asked everyone. What's this pointing to the bike? Some of them said it was a bike said it was stolen property and I shared with them that I this wasn't just a bike that this was our business and if we could understand how our businesses this bike we could tune up our business and make it go really fast and that's exactly what we did over the next seven years. We use to bike as a metaphor for a business and our business grew rapidly. It got incredibly powerful and L. ultimately seven years down the road our largest competitor made a bid to buy our business. So let me take you on a quick lap around the bike because I believe you could use the bike as a way to explain your team how your business works as well? Let's start with the handlebars we steer a bike using the handlebars? So how do you steer a business? You do it with three things one. You have to paint a picture of the future the vision you want for the business it has to be compelling and inspiring so that your team will WanNa come along with you. Secondly you've got to set your performance standards the level of performance that you're gonNA expect and demand from your team so that your customers get what they need and deserve the third piece is you have to have a mission or purpose a passion that your business is going to support that everybody can rally around and support you in that bats. How you steer a business. Now let's talk about the frame. The frame of the bike is what holds all the component parts together everything attached to the frame. So what's the frame on Your Business? I believe the frame on your businesses made up of three major components number one your organization structure or your organization chart. I have three fundamental rules to to structuring. An Org chart one is it ought to be done by function not by person. The second is that there should be only one person in each box. The third fundamental pieces that your org chart to reflect your business as you see it three years in the future in other words. Make it a forward indicator of what you want. The business to look like the second component of the structure is your your position agreements. It's a way to define the job responsibilities for each individual box. The third component of the structure is your accountability system. How are you gonNA on a systematic basis? Hold everybody accountable. Have people take ownership for their responsibilities in the business? Those three components will give you a solid frame for your so. Let's talk about where the rubber truly meets the road on a bike. The rubber meets the road in two places the front wheel and back-wheel likewise and business. The rubber literally meets the road into places in our business. The front wheel of our businesses represented by our ability to win new customers and the ability to win. New customers made up of three components. The hub of the wheel represents the definition of our ideal prospect. We need to understand that clearly. The spokes on the Front Wheel Represent Our marketing strategies. And we have to have multiple strategy. We can't we can't survive in business with just one or two marketing strategies. We have to have multiple so we have a steady flow of leads and the tire on our front wheel represents our selling process the process we use to take customer from not knowing us at all being so comfortable with us that they'll pull out their wallet give us their credit card and buy our product or service now the back wheel of our business represents our ability to serve our customers. I. It's delivering on the promise. We made on the front wheel and so the back wheel we've got to have processes in place to be able to efficiently process the products and services that we promised so we're delivering efficiently and accurately. You'll also notice that there's there are oftentimes gears on the back of a tie back tire of a bike and those are so we can change speeds oftentimes and business whether it's seasonal changes or economic changes we need to be able to efficiently change speeds in our delivery processes while still being efficient and cost effective. Now how do we keep the both wheels on our bike going at the same speed because it's very important that they go at the same speed otherwise we're headed for a crash so on a bike we use our breaks to keep our our wheels going at the same speed? We have one for the front and one for the back or breaks on our business are represented by our financial controls. These are the documents that we use to understand how well were using our funds or resources in our business so if we're not using things like a a profit and loss statement a balance sheet a cash flow forecast and the budget. Then we're not using the brakes properly in our business. We've got to have those and use those so that we're making smart decisions to run and operate or business now on my bike. There's also a monitor on the handlebars that can the tells me my. My pace might cadence my heart rate. How well burning my fuel in business? The Monitor is our key. Performance indicators are. Dashboard the tells us our predictive indicators of how we're doing in the future these may be things like how many prospects were generating. What's our conversion rate? What's our average ticket price? Those things that'll help us predict the future of our business. We need to have a solid dashboard to be able to make that
Transcend: The New Science of Self-Actualization, by Scott Barry Kaufman, Ph.D.
"About Maslow's we're we're going to go into your new book coming out called transcendence is that right that's it's called transcend transplants. Verb got it transcend. Is it like an order? You're giving people please transcend. Yes yes that's the idea. It's an action action word for sure. It's a hopefully a inspirational northstar kind of book. They kind of shows what humans could be well any builds on the work of Abraham Maslow's. So tell us a little bit belt who he is we all. We've all heard of him but Philipson is if we didn't know oh good. I'm really glad you said that. Because I've had other people billy well no one's no good no sue Masilela. Why should they care about your book and we thanks so I like your attitude about that? Everyone knows who might as well. Well I think most people who've taken introductory psychology class who have taken an introductory management class have come across maslow's writings. Yeah for sure. I've come across at least if they never even heard him as well have come across that. Connick pyramid now. As Abraham Muscle was a humanistic psychology. The pyramid is the hierarchy of needs. That we're talking about correct maslow's hierarchy of needs and it's usually depicted as a pyramid where you have n- order of needs. That must be met before one can become everything. They're capable of becoming sandwiches labeled soft actualization. Now this is the story this is this is the story that's being told to so many introductory psychology management students and people who see at diagrammed on the Internet however it turns out that massive never drew a pyramid and and there are so many misconceptions about the hierarchy of needs. It's it's incorrect. How it how. It's been taught the past sixty years. Correct a list of needs a hierarchy. But he's never drew them in the form of a pyramid correct. He never conceptualized in that way. His theory was very developmental. He made it very clear that we are constantly this dynamic of moving two steps forward and one step back and then we can also that we can. We can target multiple need simultaneously. We don't have to wait to to start self actualising until everything else has done until we check all the boxes and also as I like to say in. The book of life is not a video game. It's not like we reached one level of the hierarchy like connection. Some voice from above is like congrats. You've unlocked esteem mortal combat or something. It's just not the way the world works and was very clear about that so I really tried to infuse the spirit of what Mazal actually meant as well as the rest of the humanistic psychologists it really is an attempt more globally in this day and age in this world today to to bring back a lot of the ideas of of the humanistic psychologists have been lost but tell us what the hierarchy is. What are the levels the original model in medicine and I revised it revised it but in the original model you had the safety needs or even had below that yet physiological needs okay like food water shelter and safety needs need for certain sense of predictability in your environment and then you have belonging in love and he lumped him together which I teased them apart? And we can talk about that in in my my revised model but he had love and belonging together and then he had a steam needs which is esteemed from others esteem. It's the esteem and others hold us in both. I'd say he. He has two components of that. Both the scene from others as well as our own self esteem. But the problem with that is it's hard disentangle that because we do drawl so much of our own self esteem on this team. It's almost like redundant in like ninety percent of humans and then but then you can get to the self actualized individuals so that's too that's the next level is self actualization is a big. It's a big leap jets. I've always viewed that as quite a jump like okay. I feel really pumped up ego. Wise boom can self actualize? I you know this seems to be a lot of steps along the way there. And in a Lotta ways. That's what I try to. My book is is connect those dots and I took self actualization out as a stage. It's not because it's not we ever reach again. Life is not a game. It's not like you ever reach self actualization and then you win the princess or whatever that was whatever my my video game. I understand just an ordinary language. The words you know physiology safety belonging esteem but self actualization. I'm betting most people hurt either directly or indirectly from maslow's hierarchy of needs. Can you can you tell us a little bit about what he meant by that? I contact Maso talks about in different ways. But there's one one quote he's he used to. If you give me a moment to actually find it I really love this quote. It was the best description of self actualization. I could find okay. Short tie found a unpublished essay that he really wanted to publish it was he was calling critique of self actualization. This was really his attack. He really wanted to publish this before he died. And instead it was left in an unpublished collection. But this is the quote. I think this is this really gets the heart of what he really thought about. Self-isolation we try to make a rose into a good rose rather than seek to change. Roses into Willie's incessant pleasure in the self actualization of a person who may be quite different from yourself even implies an ultimate respect and acknowledgement of the sacred and the uniqueness of each kind of
Unemployment rises as Governments Unveil Rescue Plans
"In fact global markets to have risen on hopes of government aid and central bank bailouts hoping to shield the global economy against the rising impact of the corona virus pandemic of the world shutting down the economy to stop the spread London Frankfurt Shanghai Hong Kong all advanced Friday Esther's encourage after seeing more steps by the fed reserve and other central banks as well as governments to support credit markets and the economy members of the president's economic team convened on Capitol Hill today they'll launch negotiations with Senate Republicans and Democrats racing to draft a one trillion dollar plus economic rescue package amid the corona virus outbreak what's in it his treasury secretary Steven Mnuchin I've always had I can't predict where the markets are today or tomorrow what we're really focused on is providing liquidity to American businesses and American workers I think you know this is an unprecedented situation where for good reason the government is instructed major parts of the economy it closed down so that we can win this fight against this virus this is not going to go on forever we are going to be fast and while we're doing that we understand there are impact on hard working Americans and the president is determined that we're going to support them so we've announced a trillion dollar plan the first part of this is three hundred billion dollars that goes to small businesses that money needs to be used to hiring people keeping people on the payroll and if they do there will be a loan forgiveness back afterwards B. the second component in that that's a really important that's forty percent of the private work force and we want to keep those people employed the second component in order for two business checks in the mail but that's the it's really you money direct deposited most people we have all their information and the plan is five hundred billion dollars in two tranches the first one would be a thousand dollars per person five hundred dollars per child so for a family of four that's a three thousand dollar payment as soon as Congress passes this we get this out in three weeks and then six weeks later if the president still has a national emergency will deliver another three thousand dollars so that's that's a lot of money to hard working Americans who are at home you know for all trailers and the third component is two hundred billion dollars that we can use for more facilities with the fat bike we've been doing for secured lending airlines and for other critical industries that's been modified somewhat as in the White House and Senate Republicans have coordinated their response some Republicans still object to the plan now Democrats over night said it doesn't go far enough so negotiations will happen today we'll see how quickly lawmakers can come to an agreement meanwhile applications for jobless benefits surging as concerned shake the economy the sharp increase coming as governments ordered millions to stay home and close the economy in some states the demand for help may outstrip the ability to pay claims the labor department said twenty one states started the year with unemployment insurance fund balances below levels recommended to stay solvent during a recession JPMorgan chief economist Bruce cassman telling CNBC the unemployment report not the only not report to get hit by the corona virus said he expects to see a sport team percent drop in gross domestic product in the second quarter that's
'Not gone as smoothly as we would have liked': CDC fixes coronavirus testing kit glitch
"Diagnosing the virus is part of the challenge to help stop the spread FOX's Eben brown has more life it leads to there's been confusion among state and local health agencies about how to get patients tested to rule out coronavirus infections especially since some of the test kits already distributed by the centers but for disease control had an incorrect item but the agency is publicizing a work around to keep the tests accurate end actually brand new casket but will only include the two components that are specific to the novel coronavirus Dr Nancy Meissonier the U. S. government is also offering Iran assistance in diagnosing corona virus thirty four people in Iran have died from
"two components" Discussed on NewsRadio KFBK
"L. E. N. D. right Lynn dot com in the upper right hand corner I believe it's the upper right hand corner or maybe the middle of the of the home page you can click get quote put in your information put in that you have a three hundred fifty thousand dollar loan at let's say four point seven five percent jot down your monthly payment in you can actually select when you want someone to call you set that appointment again all right T. E. LEN D. dot com go to their home page go to get a quote put in your information no social security security information is required on their website that's how an intrusive they are hit click and then they will call you and talk to you about this opportunity the twenty year fixed I'm repeat this fifty four percent accelerator refinance were starting month one because starting month one fifty four percent of your payment will go to your principle the principle is you it's you and your wife it's you and your spouse it's you and your family this is you in your claim whoever's increase in your claim with you maybe it's an imaginary friend maybe you're by yourself and you talk to yourself from time to time I do I get I get kind of cookie from from time to time well do you in your plan have an opportunity to have fifty four percent of your payment going to your principal starting month one that's the accelerator components of this offer the second component one flat fee of five hundred ninety five dollars no more no less you don't ruin thousands of dollars of closing costs now you have to qualify you have to call to see if you meet the requirements and if you don't sell lobby you move on life goes on but let's compare apples to apples let's compare what you have in in let's see why it makes so much sense to do this I'm gonna use this is it and as an example I always have I always will the people say mortgage Mike why do you use this as an example this is just literally a baseline some of you might owe less some of you might owe more in god forbid if you owe more it's just give me that much more savings for you but let's say last year two years ago four years ago five years ago you went and got a thirty year fixed mortgage you know that traditional pre historic mortgage it's a mortgage.
NBA championship odds: Lakers still lead pack despite quiet trade deadline; Clippers improve chances
"Did you make of the two teams? How do you feel about them currently? Wow Oh well I I I I stand by. I think the clippers have long time then the favorites. I think the way that the Lakers have played This season and how they've consistently consistently performed Dwight Howard has been a pleasant surprise. I think Kyle Kuzma with the injury to start off the season. He he hasn't really gun the things that they would like. These are very good contributor. But I think that the clippers with all the management and and Paul George Missing Time and some Injuries and you look at where they are there. Second Right now and for me. I think that the clippers are the best team right are they. Are the team that come at at the end of the day you're going to have to go through in order to try and win a championship. Even though the Lakers have the best record and it looks like the Lakers are GonNa have home court At at this point in time if it were to start today I still feel like you know the clippers. The team that you're GONNA have to be in order to win the whole thing Richard. How all surprising that? The rockets decided to go full monty. There Bison not only are we gonNA run small lineups. We won't even carry a gun on the roster who would allow us to run any sort of other type lineups. Well it's a at this point in time. If you look at Dantonio you look at Dell Maury winter. We've we've had they not gone all in on whatever they believe right. What do they have to lose? They've been criticized up and down and make pulled off some pretty impressive trade getting in Chris. Paul getting in Russell Westbrook. They've done some really really good things to pair With with James Harden James Harden continuingly improved his offense of game. But it's like I'm not surprised anymore. It's like they look at their team. And they're like the way we're structured right now. We're probably up for a first or second round loss What can we do to really shocked at? How can we try and change things up? And they made them moved. ooh They believed that adding Covington and giving up Cappella and they just WanNa go all small ball kind of like what you would see from the Golden State Warriors for for a time So I'm not surprised by it. I think that you know everyone out. There is fighting for their job. I think Daryl Morey I think I think You look at Dan Tony think these guys are low key fighting for their jobs so if they know that first or second round loss possibly could be the end to their tenure. So why not try and go all whatever you believe. Richard Jefferson hanging out with this year. Makes you check them out today. Five o'clock Indiana Toronto. ESPN mean is also in studio with us as well by the way. You're listening to Los Angeles. So Richard Let me ask you this about what Brian said yesterday specifically in regards to that game like he he kind of talked about their lack of focus on defense. Where do you think the Lakers can get better on defense? Can they do it. Internally you have again you have some talented players and I. I always proceed very cautiously when you have a game like that and everyone wants to run and talk about it and break it down like look Russell. Westbrook had a great great game. Houston shot the ball extremely well if you send shot the ball like that against anybody on any given night. They're going to win that game Even Dan Tony said in his interview. He's like hey I understand what we're doing is different It all has to do with whether or not these guys will buy in and tonight was a big step that they would have gone out and got him blasted in a D had forty five right an twenty six against them. Everybody in that Houston Rocket Locker. Room would be questioning. What's what's going on? They would be getting murdered by the media. It would be going crazy but they were fortunate to get that win in La which very hard place to play and now. Everyone's questioning the Lakers. Well look I believe this. I believe that the Lakers are great regular season team. I think that last night they should've stayed with the White Howard. You can't Anthony Davis if there's a difference between being like having your numbers be dominant and actually being dominant and physically dominant. Anthony Davis just. Wasn't that Anthony. Davis Davis is not an again. I hate to talk about. What player isn't because he is a million great in every anybody would want them on their team but he's not a guy that just going to low post blocks doc band you up and then go and shoot a five-foot Hook shot and don't because he worked position that's why he runs the floor so well so he can get that early early post up in a great position and it's harder to guard but in the postseason when it becomes half court basketball? That's what the Houston Rockets are depending on when it becomes a half half halfcourt basketball game and they can spread it out and just have Russell James go to work and kick it out to more shooters so everyone had their theory. It's just a matter of WHO's going to be able to impose their will Richard One of the things that That's happening for the Lakers. This year is that when Lebron plays the offense is is tremendous right there. They're one of the best offensive teams out there. But when he doesn't play when he's not on the floor I should say that offense becomes very anemic even when Anthony Davis was an. MVP candidate in his own right is on the floor. And it reminded me of the years in In Cleveland the three years that Love Irving and and Lebron were together. When Lebron didn't play that team wasn't just not a great team not wasn't just a below five hundred they were awful and given that you've been on the inside you've been on a Lebron James Team? Can you explain to me how that is. How talented players? Once you remove this one guy turned into a bad basketball team. I think it's it's style of play. It's continuity I think that's something that it's it's weird because Lebron James is always you typically been healthy. She's always played in seventy five or more games except for last year due to the groin injury. So it's like this is the guy that each up eighty ninety percent of like court time. So you're what what you're really referencing is like non-core time and even then comes the postseason. This is a man that's going to go from playing thirty seven minutes a night thirty eight. He's going to go up to like forty three forty four minutes a night. 'cause there's no bags and there's no practices for most of his energies just using games. So what you're really talking about is how do you play Good Basketball for eight to ten minutes in it for twelve minutes and that can be tough to find that continuity. It's tough because it's such a small sample size right and yes it's a small. It's a large sample size is when you look at how often it happens. But it's very very difficult for coaches to be like how we're GONNA play for this ten to twelve minutes when the broncos out of the game because when he's in the game everything's everything's perfect. Everything's runs great room and I think that's the challenge. The coaches have a lot of people are talking about Darren. Collison coming in and then interrogating him bats. That's the challenge and it's and it's been a long time. The bron James Challenge is how do we play that 'cause they had with Kyrie Kyrie is a great score but it's like when Bronco go out of the game game that was an opportunity for Kyrie to really explore and really play his game and get his rhythm will Kyrie's rhythm might not necessarily be the rhythm for the the other guys on the court and I thought knock on Kyrie. If just like broad had the ball handed Kyrie was basically a two guard. Then Kai Bronco Ga.. The game in Cairo would become the point guard. But this was an opportunity to get going scoring and maybe throw the ball into Kevin Love. which when you had the surrounding guys there wasn't an offense? There wasn't a continuity beauty for us to play through so there's good still Lebron and there's challenges to Lebron. I wouldn't even call that bad but I think this final stretch is going to be key but understand. He's going to play more minutes in the postseason. So you can't really say like hey we need to figure out what we're GONNA do when he's out of the game because that's just realistically he's going to be in the game Ormeau. Richard Jefferson with this year on the Sodano show on ESPN. This actually leads perfectly into my next question. This is good chemistry right here. These three guys. So Rondo they have Rondo. Problem is a net negative player. He's been that for seven seasons now but to a means point it falls off a cliff. He's usually usually the guy that has to lead that second unit. I don't think they can afford to play him anymore. To be honest with you what do you do if you do agree with me. What do you do with Ronda how do you how do you manage? Rondo at this point Well I I think there's there's two components there's an on the court and then there's a locker room right. There's a locker component and it's like a like say what you want about Rondo. He's a very dynamic guy on and off the court so you WanNa make sure that Rondo understands what your is your team goals are. I think Rondo is in a very different space. And he was years and years ago whether it was in Dallas when I played with them or leaving Boston I think Rondos one of those guys that in this moment right here they need to find. I I think that's Darren Collison being. It's so big the need to find one more guy that can compliment that second unit And so yes do but you gotta look at what can you do. He's a net negative guy adding Rondo very very rare. But no one really questions Kenney still play is he's still a contributor when you're just looking at the second unit and when I tell you that the six years prior that's one thing this year I I mentioned it early.
"two components" Discussed on News 96.5 WDBO
"For his or her addiction to that I mean there there's got to be a second component there too right well yeah because if you don't have ADHD after all it's basically like cocaine right I don't know I know that there are people who abuse at are all but gathered that day teacher needs to get some help I would imagine it's eight forty one on Orlando's morning news the five day forecast brought to you by U. S. heating and air conditioning our chief meteorologist Tom Terry joins us good morning Tom what a difference a day makes and Joe we were just bundle up yesterday morning we had wind chills in the twenties it was a biting wind it was very cold for this time of year calls in two years in fact for Orlando but we have turned the corner will still see warmer day today from the fifties now seventies this afternoon slight chance for showers as well as we still have some moisture coming off the Atlantic but overall a nicer pattern for the next couple of days Friday some afternoon showers as our next cold front arrives late today but not before we hit seventy nine tomorrow then we shave about ten degrees off the top high Saturday sunshine in sixty nine what a great day and for Sunday the pro ball in town camping world stadium and a lot of activity still going on today all the way through Sunday a high sixty six and we won't have rain this year the extent of five day forecast for times an hour I'm Todd Terry thank you Tom now it is a cloudy foggy and damp it's fifty six at Orlando severe weather station say touch security triple team traffic and add torrents checks are drive in for this Thursday morning instead improving on high for west found early delays that like very Boulevard have cleared out just got a tap the brakes there at the most and then you can find the book you're slow down between four thirty four in colonial drive that's going to take about thirty five minutes checking the drive on I. four east bound here's our ground to be slowing twenty seven to five thirty two and then one ninety two to five thirty five OBG two Amelia and a bit now around the Fairbanks Irvine Eric brown also got some heavy traffic on Michigan was found at Bundy traffic is down to one lane heading westbound so you'd expect some heavy delays in that area allow for extra time this traffic for brought to you by Orlando health one expert teams unite everyone wins that's why Orlando health and Jewish orthopedic are joining forces for next generation orthopedic partnership learn more at Orlando health dot com slash do it with traffic alerts every six minutes in the morning or help you get to work on time I'm at Torrance news ninety six point five W. TVO I don't want to miss a minute of the Brian Kilmeade show BK coming up just after nine it's now eight forty four on Orlando's morning news have you been like to like.
"two components" Discussed on Power 105.1 FM
"Is my love and so I wanted to figure out a way to incorporate what I love and my passion and that's how the I will graduate program was found now you also have I will graduate I will graduate that mayor bill de Blasio axial ways of guys with a day so what happens on that day so I will graduate date is a youth empowerment day where we bring our young people from all across the city and we really inspired them we bring out guest speakers and we really want them to know that their love that kid that the people that they admire a coming out to support them and let them know that they can do anything to it so it's just a fun day and it's just an amazing event you've been to one of our graduate programs in the past and I've always been amazed with people dealing with with as the money go if people want to donate it was do you guys do any services or money what is the money the money goes to our program I will graduate program so there are two components of our program we have the entertainers for education alliance and that's where we do all the PSAs the poster campaigns all of those kind of things that we do this by kids so you have people like of the breakfast club he did an apples to campaign Daymond John hi res of Mary Mary I mean the list goes on and on and we send out thousands of posters book covers to students around the the the cities so that we can.
"two components" Discussed on WIBC 93.1FM
"Campaign let's take this in their two component parts if if if we can first the idea of black women are now holding senior offices senior positions in campaigns that's growth great I only hope for the best people to I want the best people in my campaign and the best person for the job as a black woman fine of the best person for the job as a white man five I'm trying to become president the United States but the idea that the opportunities are open people feel comfortable taking those opportunities that's worthwhile you know what else there those actors are available your available in the Republican Party and I would advise conservative black women to start going for those positions because they're open and they're available you see you're told not to be a conservative or be a Republican member of your Republican and and you're blocking not really black that's that's what they'll tell you don't listen to those people but here's a number to the number two is what she said at the end it just sucks there's really good women especially black women out of the campaign that's not what happened that's a complete and total lie what happened is the common Harris ran a terrible campaign she's a not a nice person she wasn't relatable at all she destroyed her own campaign she lied to her staffers move them to Baltimore and then fired them that's why she's out of this race she couldn't raise any money and she got our **** kicked by Tulsi Gabbard so it wasn't it wasn't Bloomberg and it wasn't Starfire it was a major Gabbard who took Kamel Harris out of the race but Elizabeth Warren really wants to show how inclusive she is maybe she should drop out so calmly can get back in get all that money what do you say what do you say you know for for inclusion now nothing maybe next time map where he does traffic right now is gonna look at it he's bound for sixty five so these the fine city of beach Grover looking at a little bit a slow your from members of that they've passed Arlington Avenue I'm being told by Brenda W. I. T. Z. judge everywhere I'm sure you've broken down in that movement center lane of eastbound seventy first to corporate drive that's on the northwest side right there for sixty five traffic started to back up a little bit if people are just lovely and I mean slowly getting around it so watch out for this guy that's the biggest morning getting worse or an inbound seventy little slow heading.
Monetary Base Companion - 2019 Q3
"Going to keep this relatively quick. Hopefully I always say that. And then blabber about a lot of things that get on these tangents but The tweet storm the tweet thread. Recording this on the same day was released November Fifth Breath Twenty nineteen. And that's the that's the data that Always Sophie curious how this works. This is just a snapshot so All all of the supply data the inflation data comes from central banks as of the month before the quarter end before which is obviously September. Are Two thousand nineteen but we do have the FX data if anything has sort of changed the pricing data specifically for Bitcoin as has You know even the last month and for Bitcoin even this day so when you look at the table All the pricing data for Bitcoin will be as of November fifth and and all the percentage of sort of go from there obviously bitcoin's a bit more volatile more price action than most currencies So so that's how that's how it works. I'm going to go through as I said. Just a couple couple of the tweets couple of the charts and And then that'll be it You know we. We've said this a lot and I have to really say it every episode where we We review the monetary base update. But just to remind you The monetary base. We've been positing for pretty much. The entire existence of the show is the only money supply economically compares with Bitcoin. Why because the monetary base is the money supply? That is its own thing. There's no claim there's no third party. There's no visa. There's no mastercard. There's no check there's no there's no credit card. There's no debit card. The money supply. I that is the monetary base. It is its own thing. So golden silver represented that in the past silver more anciently than gold sort took over in the eighteenth nineteenth twentieth centuries and then During the course of the twentieth century wars and Bretton Woods awards and US The mighty dollar taking control of the Global System in the global financial system completely when Nixon's severed the gold supply Sorry Gold Window. Gold Redeem a window in August fifteenth. Nineteen seventy one The dollar took over completely and other Central banks thanks realized that they could make their own monetary basis float In many did from that point on there was no Connection to gold at all So from Nineteen seventy-one Global Fiat. That is called the monetary base. Where do we find it on the liability portion of the central bank's balance sheets That's is the money supply the compares with Bitcoin and then obviously You know forty years on from from nineteen seventy-one we have We have bitcoin being released so bitcoin itself is very unique Obviously very unique for financial world. But if you want to try to understand Dan you want to compare it. You WanNa look at. What's going on the monetary world? You need to look at credit cards debit cards. Checking accounts savings accounts announced time deposits. Those things are thank money and I'll have something to say about that in a second They're not state money. They're not not monetary monetary base. They're not money. That is its own thing. Absent of any claim That's that's that's the key difference between your checking account credit cards so on and so forth and and base money or the monetary base which. bitcoin is so we track it. We You know we're we're continuously expanding it right now we're at the top thirty Fiat currencies in the world top thirty floating Fiat currencies in the world. That's another another important distinction just to keep it all straight so the dollar the euro the yen the UN the Indian Rupee Gray pounds so on and so forth If you add up the top thirty floating currencies and then add up all of the other currencies that are pegged to those currencies. You get something. That's about ninety five percent of global. GDP eighty eighty percent of the global population. So it's not the whole world but it's pretty darn big economically and It can give us an idea idea of what we're talking about when we say that bitcoin these scale to be global money. It's a global monetary base. That is it. That's the money supply. All right what does it comprise and Fiat world. Two things primarily cash in coin which you know cashing corn in your wallet. You know everything that you take out of. ATM EVERY EVERY GROCERY STORE. If you make change all of the Physical cash currency is floating around the world dollars euros yen. The paper notes the coins as well. Even those are quite small token these days. The cash coin the value of that together is part of the monetary base. And then the other part. It's a bit more confusing. The other part is what you call commercial bank reserves and I always say this just to keep it simple Imagine you have your own bank account with your bank. Well every bank in the system in the world so it works today. They have an account with their central bank and that account it's called the master. Count the Reserve zurve account the Commercial Bank reserves if you aggregate them all up. It's that is the Commercial Bank reserve portion of the monetary base and. That's that's so there's physical and digital physical currency and digital currency and for a decades that split roughly eighty twenty That tweet Those two tweets are tweets eight and and nine You know the split was roughly eighty twenty physical to digital but then obviously the global financial crisis and the slide Central banks intervened much more pump liquidity into the system. And what that means is when they said what that means we say printing money that means literally adding adding By the stroke of Pan Stroke of a key adding thank reserves to central banks. And that's the monopoly power that they can do. Don't worry about necessarily even how they do it. They do it simply by buying assets maybe they buy bonds from banks maybe by something else from a bank but basically the Fed can automatically just swap swap. Whatever sort of asset a commercial bank is holding? Maybe it's a it's a it's a bond government bond doesn't have to be government bond they can also go directly To even other holders like the Bank of Japan they They buy equities can buy whatever they want and when they do that transaction They you you know it's it's it's their impetus it's that they're the sort of the starting points chicken and the egg thing they they are the ones that initiate that process they At the end of the day can add or subtract reserves to the bank account of all the banks In the world. That's how the that's the central banking system works so it's two components. It's that digital portion. The ledger portion that master count and then the other portion is physical currency physical cash and coin. I mean that literally they you know. They print and PLO around society it was eighty twenty and now It's something like Thirty five sixty five thirty five sixty five only thirty five percent physical sixty five percent digital Again we have to put I should say You know when when we compare all these different monetary basis you know get the Polish Lodhi We got the Mexican peso. ooh Indonesia rupiah we have the Indian rupee type Bhatt Argentine peso. He's all different currencies right different units of account so we need to put them into a standard unit. The county unit of comparison. Obviously there's only one choice in the world today for that the US dollar we could put it in euros. We we could convert all of those into euros but that Uh doesn't completely cut it The yours very strong currency. It's huge It's actually monetary basis bigger than than the dollar than the Fed's Fed's monetary base The survey's about three point four two trillion dollars the. US is three point two one as the last quarter so we could would put everything in euros but obviously just make sense with a unit of comparison. You've account to put it into dollars so when you when you look at all the different monetary bases as you convert them all to trillions then convert them all the dollars you get a number right now as of Q.. Three Twenty nineteen eighteen point eight four trillion eighteen dollars that is the global monetary base as. We calculated that. Is the money supply the compares to Bitcoin. Join now for those of you. That have been paying attention. You'll notice that's that's is going down slightly over over the past couple years about two years ago. Go In dollar terms the monetary base topped it was at its all-time high
The Knot's Married Founders Tell All
"Way like all the women I know we're GONNA win declare ownership of those we also had a really big sense of humor we wanted ah to be irreverent because we thought that was sort of attitude only if you wanted to talk to brides and grooms not their mothers you needed a new voice So I'm trying to understand if you were to describe this to your grandmother who was appalled at the Pii extra wedding would you have said we're making basically a magazine but it's going to be in the computer in the Internet was is that a fair description of of how you were thinking about it there were two components one it was the world's coolest wedding magazine mixed with a community and remember this was on aol so we launched on AOL AOL had like these message board. in these chatrooms site so it was it was you you partnered with AOL till to start this up well they provided the seed financing how did you get AOL so exactly so Michael are rainmaker co-founder had an in and managed to get an audience with Ted Leonsis who is running greenhouse and was making investments and I remember we put together this deck we practice this presentation Carly Michael Robert Likely the the marketing and presentation geniuses and we rent a little car drive down to Vienna Virginia and we had this audience with Ted and we go through this whole dog and pony talk about what we're planning on doing and we're going to build and he looks up and he says this has got to be the worst this plant ever seen and and we just aired just got sucked out of the by the way how did you propose to make money off of this and that in that plan well we we had gone to that point and so but he basically said he was like look wait a minute what's the lifetime I mean how long has an average engagement nine to thirteen months and he said so your your average lifetime vibe your customers nine to thirteen months how ever plan on recouping any marketing costs in nine months this is impossible Right if your audience turns one hundred percent every year if you do your job right and they find the right person you will never have them as a customer again to this day that are are co founder rob who stood up and said you know we're going to sell advertising and Ted looks at us and says there's no advertising on AOL uh-huh yeah there's no is there no banners all basically subscription business and and Ted looks at us kind of funny and then he picks up the you know the brides magazines brought as sort of like the towel and I still remember he picks it up brings it to his nose and flip through the pages goes I don't know anything about this industry but I the money let's Fund so in ninety seconds we went from the worst business idea to ever heard too you know let's give these guys a chance
3 Ways To Talk Your Way To A Stronger Culture
"Welcome Marlene Chisholm. Thank you so much and yet and I WANNA say welcome to Oh you. I'm really excited to be here with you. Know what kind of a commitment that takes in today's time very difficult to live program so I hope I if you the value and it was worth it so we titled. This three ways to talk your way to straughter culture well. If it was really that easy I'm going to give you some language though and and some techniques that you can use today because I believe that it needs to be practical so you've heard the saying watch your thoughts they become your words and in heard watchwords they become your behaviors and watch your behaviors because they become your culture her and you know there's been some definition of culture that it's all about behaviors however when I was working with bad some of the experts writing my last book no drama leadership it's really more than behaviors inch really about shaping culture and behaviors just just being a part of that so the real question that we're here to consider is how leaders shape culture well we shave culture through thoughts words and behaviors it really. WanNa be clear to that. It's not just about leadership in it's not just about thoughts words and behaviours although that's the scope for today and just want to say very briefly that there are many influences that that come into play when we talk about culture and one of those that was brought to my attention was by Dr Edgar Shine one of the the the best the most well-known leaders in culture the MIT sloan professor just a genius when it comes to culture and when we were talking about my book look and I was seeking his endorsement he said you know it's the way we do things on the inside and get along so that we can produce results for the outside so in other words we have the internal influences of external so today we'll be talking mostly about those internal influences. That's the leaders can actually take action action on so I I WANNA share with the foundation that is it every single bid of my work in every single book. It's something that I share workshops at something I do in speaking engagements because it helps people to get a visual framework of how look at the ways that we achieve results and and the barriers that come into play when we're on the on the journey of it achieving results so this is a new language that I often referred to in workshops call the language of the island and the ideas that were always trying to get from point eight point beasts. He's seen the little guy in the rowboat you see that island and that. Little Robo can represent just you as your as an executive you as a leader origin represent your entire team so this is useful no matter what your what your roller your title or always he's trying to get to what I call. The island called peace and prosperity so you could call that your prophets your revenue goals your end of the year you're in the quarter goals nonetheless we refer to it as getting to peace and prosperity because there's only one reason we want anything and that's a cause we're going to have a sense of completion and peace about it or windex index and in some ways either revenue or personal growth so we're always trying to get to peace and prosperity but then we have an obstacle in the obstacle as you can see the shark and in my body of work. I talk about drum a lot. I've written a lot about drama but I used drama in a different way than what we typically think of it so oh my definition is that drama is any obstacle to peace and prosperity so wherever we're trying to go there's this drama this something that stands in the way on the middle level management arena what I see from those that her in that level or those that are leaders over that level. We see a lot of relationship problems. We see that someone won't get the work done or we see complaining and gossip is that relationship issue becomes drama or it becomes the personal issues that employees have and the reason why there late at work or the reason you're having turnover. There's a lot of obstacles that come up that keep you from getting into peace and prosperity and so I often ask in workshops. I asked the audience to ask you. How do you know someone's drama is when I pause for a moment. How do you know what someone's dramas doesn't matter what their level well. How you know is that they talk about it because we human beings cannot help talk about whatever bothers us and becomes this becomes my shark my shark but you don't understand my shark and as you can see the more we focus on the problem the bigger the problem gets and we then become enmeshed in a problem oriented way of thinking instead of an outcome instead head of thinking about what do we want to create and so what happens is we have these sharks and the cultural issues include both visible and the invisible and I talked about some of those visible just a moment ago how it shows in relationships the office drama the backstabbing the gossip the power struggle struggle that happen but it happens on a major level in major organizations or seeing a lot of visible drama and politics right now and jokingly people used to say well. No no wonder we have a lot of drama. We have a lot of women in our department and then I jokingly say well. My next book is going to be called men and have drama too because all you have to look sports and politics into much bigger form of drama but the point that I make is that we all have obstacles to our growth and to you the the bottom line to the end results about. We're GONNA look at both the visible in the end this because I think it's really important to understand that what you're seeing being on the surface may not be the facts and the reality is just what you're seeing on the surface and so the question then becomes how do these obstacles does. How does drama manifest well in the workplace. You're going to see that manifesting communication relationships with their bats with your clients your patients your the customers your employees the productivity levels you're going to be able to measure it on some way you're gonna be able to see observable behaviors and observable results but on the bottom level on the invisible realm where the drama and we're the cultural issues are really. I guess Redid or where they are unseen. It really has to do with the thoughts emotions beliefs and decisions and that's really becoming a big part of my work right now is to help leaders gain that clarity on what thoughts when emotions what belief sweat decisions are driving these cultural issues and that's outside of the environmental environmental and legislative impact that we have regarding culture so I also have a little test ask people. Do you think it's really important to had drama in the bud as you can see us a lot of analogy. I use a lot of pictures because I want people to get out of their logical thinking mind and into more a picture type of mindset you can clearly see what's really going on and there's cultural issues and of course everybody agrees yes. We should drop it in the bud. Well that is a trick question because if you drop in Nevada it's as if you have a field of Dandelions and you clip off the bloom and underneath you have a root system awesome and the next year you have a field full of Dandelions so culturally how we often nip in the bud instead of getting to the root is that we move if someone to a different department and I've heard this even at very high levels while they have three years to retire and we just can't let them go. We have to kind of ride this out milkis out until the retire or we play a lot of games like we're. GonNa show them who's boss and make their job very difficult until they voluntarily quit. This creates a culture of mistrust. It creates a culture of drama and this avoid into we're gonNA talk about this later. I'm also willing to share with you how identify roots and poetic so this is kind of a layered approach to to talking about culture so I'm going to answer the question. You know where we're going in the presentation. HOW LEADERS SHAPE CULTURE is to clarity connection and conversations and that wasn't on purpose that I have the three Cs but I absolutely loved the way it sounds. I loved the way because it's easy to remember so if you just start to think throughout this presentation I as a leader or my executives as we're running the company. Here's the three freeways that we are shaping culture. Perhaps without even knowing it. It's in clearly it's in our connections and it's in our conversations so that's. GonNa be the remainder of what I talk about but as well as the root systems always present because what she see the roots of drama and the obstacles that prevent you from creating the culture that you say that you want awed you now have that piece and you also have the the clarity connection in conversation piece which you can then design some sort of a initiative. You should have a program a training a leadership development so that you can consciously create your culture instant of leading it. It ran a chance so the first apiece is that we need to get clear and clarity is a big part of my work. It's it's been something that's been part of my own development. I have struggled with clarity in my own career path and developing my consulting practice and the good news about that is because I understand it. I'm really compassionate about it and we do not need to fear the lack of clarity bet. We need to understand the distinction of where we're clear and we're we're not because I I root of. All drama is a lack of clarity. Now I talk about this a lot and I'm gonNA give you resources along the way that you can jot down. You're more than welcome to email email me afterwards as well. This gives you other places to look for some of this content on a deeper level so in the first Book Stop Workplace Drama published by Wiley that this was a premise that I've used throughout my career. I use it in my life because it's a it's a universal principle that in all drama there's always a common route and the first rate is is a lack of clarity so here's the thing that you should know about that. In all drama there's lack of clarity and then the second component of this is the one with clarity always navigates the ship now. The reason I have that piece in is that I have worked in you know years ago I work. It's a lot with middle level managers. They were growing and as as the counties were developing their their leaders they would ask me to come in and do some you know frontline line or like middle level leadership training and the questions would come up. You know I've got a pasta or I've got at Queen Bee. I've got this person truly difficult the cult to to handle and so I would ask the question why does I'm they give what they do and the and the answer is will because it works so if you're not able to guide your team if you're not able to create that cleberation there's someone who knows what they want more than the leader and so the woman's clearly always navigates the ship so if you are in the boiler room shoveling coal so to speak it means. You're not on the top neck. NGOs lost your vision. It's means you've lost clarity but here's the good news and I love the refer back to every common coaching. Someone in the problem seems overwhelming every time I've doing a strategy session and it seems like Sony Parts and pieces I just say site at myself and I
Goldman Sachs raises 2019 target for S&P 500, foresees 10% gain in 2020
"Meanwhile with corporate America's confidence in about the cool for Goldman Sachs says the rate cut will continue to push stock prices this year the bank has cut twenty nineteen earnings estimates for the S. and P. five hundred to a hundred and sixty seven dollars a share from a hundred and seventy three but raised its here and try IT POP price target by one hundred points to three thousand one hundred applying a three percent gain for the equity benchmark in the final five months of the year let's bring in Virginie at Madison see I owe at east spring investments and joins us from our studio in Singapore I mean the president is clearly piling on the pressure the markets for the most part the P. three pricing in a rate cut to to the tune of twenty five bids but is it the right thing to do well I think given the slow down that you're seeing you're seeing a global PMR you're seeing global trade being fifty eight percent of our global GDP and a sharp slowdown given the the battles going on I think yeah it is the right thing to do twenty five bids is what you know we're anticipating the key is going to be what else what signal is being given with regards to potentially another caught and to with regards to quantitative easing so I think you are seeing this loosening happening around the world with many central banks are considering a coat or having cut the ready which will support the economy what is not really usual is for the president to demand those cuts publicly with a a specific targets that that's quite unusual as we know yeah you're being very diplomatic as always version the I want to ask you about market expectations going into this particular apple M. C. meeting because we all remember the market reaction to the ECB last week is the bar set relatively high for the fed to impress the market today what I think would definitely consensus now is the twenty five so the guidance is what's gonna make the difference but of course in markets unique expectation of the past versus arrival is always a very important point so I think if we just get that if we didn't get explanation about Q. T. ending and when for example or some guidance I think it's possible that the markets are a little bit disappointed but then go back to fundamentals in the situation of course in the U. S. from an economic standpoint is much better than than in Europe so I think from that standpoint of resilience of the market to it is there but it's possible we get a bit of disappointment Brittany let's get into some of your calls we put together a graphic to show what's been happening with U. S. treasury yields and in fact you had the widely followed weekly server from JP Morgan that's survey of bond traders that showed an increase in market sentiment one of the highest levels of the past decade and the proportion of respondents expect a further gains for US treasury securities has rarely been higher but you know what they say about trade to get very crowded what's your call on U. S. treasuries well so cool you know is a range of one point nine two two point one if we get twenty five to fifty pips knife you got twelve fifty pips in Paktia say today that would be a massive surprise and would go on the ten year probably closer to one point nine quite quickly so it is a crime to trade but to remembered that it is not all to all we are not seeing a says Justin insurance trade and there is definitely a shift given what you're seeing into a global PMI and really strong slow down in the industrial sector globally but the service sector to consumers continuing to do well so you got those two components that you must play with which means we shouldn't have too drastic reaction but the coordination of action means that we all going into that one direction which supports I think the the current trade version eight you say you don't necessarily see this purely as an insurance cut but when you take a look at the reaction in the equity market in particular at this chart for us you can put upon the GT function on the Bloomberg chose valuations on the S. and P. five hundred now basically at a one year high certainly it seems like the stock market is interpreting this as the fed taking a precautionary measure when the economic data in the U. S. still looks pretty good what explains that thinking from equities so I think indeed did a deer are really is a good insurance verses recession right so so far we're in an environment where bad news is good news and what the market does being taking is that does not fish tones and this idea of cutting rates in anticipation of a strong slow down given again the fact that you know global trade is fifty percent of global GDP and of course the largest contributor to growth in GDP on a global basis are China India and then the US and the U. S. is doing much better China a slowing down but still doing okay and in my view very resilient so with this in mind this is the first step of what the market expects perhaps to be a continuation of the malls loosening of monetary policy to avoid a recession I think that's what the markets are
"two components" Discussed on Pet Life Radio
"Learn the doggie world exactly exactly so those two components to really have it all in terms of making it a fun shoot for everybody involved and working with professionals that know what they're doing yeah absolutely helped every time no matter what field you're in so you go on the shoot or you go to these events and you know it helps your in in New York City number one because New York City seems to be like the central location for the dog he offense you know the dog communities that go to these fashion events create these fashion events in our Instagram stars so you're in like the main city in the U. S. where these things take place and they're obviously our other dog stores there too what is it like behind the scenes is that community or is it more of a stage mom five Jody tell you the truth that combination yes there is definitely a community here there's certainly a lot of camaraderie but at the same time like any other social environment there click summer friendlier than others and it's competitive it's a dog eat dog world out there I know you said that yeah I thought you might the dog influence the world is a real business so with that amazing dogs with met amazing people we form some great friendships both human and dog but like any other there's drama because there's competition and there's money to be made and the drama mostly comes from the dog parents and not the dogs absolutely absolutely I've seen it I've seen it myself and you know it's kind of funny and if you don't have to deal with it every day but I'm sure it can get tedious if you do but regardless it's all about the dogs and you know it's like what could be better than being with a bunch of dogs looking cute and doing something fun in the fashion world or and you know the food world or you know something like that so it's still a pretty good gig it is absolutely I mean we really have a good time of it and that and that's the whole thing I mean if you're in it to have a good time then you can you can find great opportunities and really enjoy them and that's really why we do it yeah yeah so most of you listening have heard of bark box but if you haven't it's an online platform for dog influencers they have their own products they do their own events and more and sort of their core business is this size these cool monthly.
"two components" Discussed on Boston Herald Radio
"There are two components one is a high low THC component. And then there's just the pure CBD, and they both serve their purposes a little bit differently, but they both have been in stream important and instrumental to the industry and the growth, and it's great. You can go into you know, CVS or, you know, your mom and pop store and be able to purchase the TV product. And that's exciting. It helps the you know the. You know, the public not only the more educated on the plant, but also score that cannabis isn't just about getting high. Yes, we've got some Hillary that we can try if you want to CBD come up on a drug test. If you're talking about. I don't know. I dunno do even test that we're going to be tested. Find myself. You know, what's interesting, Jeff is it. I was listening to the Joe Rogan podcast today. And he had the comedian Sebastian Maniscalco on and. It was a great comedian. He he doesn't smoke weed himself special go, but at his house, he entertains a lot. So he carries a good scotch and good beer in good wine. And now good pot just to have around and see that as being the normal etiquette. Very shortly. Well, I do and the interesting thing is it had already existed. I mean, it wasn't like people weren't going to parties and consume in Canada. So you know, what what you're seeing? Now is that it's just again, can I use that phrase, but coming out of the closet, and people are a little bit more open and able to communicate and talk about that in. And that's great it it it has a place in those social settings. And I think you'll continue to see that expand. And and kind of evolved in terms of how the public not only perceives it, but consumes it, and and normalizes it. So, you know, I it's it's it's nice to hear and see people talking about this. Whereas before it, maybe they wouldn't. But it's not like this is the first time I've ever took place. This has been going on forever. And I think that's really been an activist for almost thirty years. Before I got into the industry, and one of the things that I always tried to drive home is the fact that you know. Legitimizing cannabis use wasn't about expanding. It feels it was about recognizing. It's currently being used and we have two options, we can incarcerate people for us or we can regulate them for use and regulation always has made better sense. And here we are. And the proof is in the pudding. You look at states on the west coast and on the east coast that have either moved forward with additional Amtrak or just medicinal and you're seeing positive results that the, you know, the scare tactics that have been around since the Nixon era. Or just that there were scare tactics. And now, the people can see that, you know, the sky isn't falling. It's it's it's clear that we're headed in the right direction, and and that, you know, making the planet legal, and and and incarcerating people for its use just never made sense. Just wondering, you know at this convention. What are you? What did you see in here or just maybe in general, I guess I should say especially for Massachusetts. Are things that are sort of just trending, or what are people sort of looking at in terms of of issues coming? Sort of next on the list when it comes to Massachusetts. One of the things that a lot of people are talking about certainly as is the taxes the taxes that are, you know, apply to to the purchase. And and there is a general sense that while there's an understanding that it needs to be taxed that if you tax it too, high you're going to still have a black market, and that is a problem. So that's something that really needs to evolve. And and, you know, the state in in the CCC the catalyst control commission needs to really pay close attention to and and and make sure that you know, if we're going to go for this regulated legal industry that you know, we don't build it in a manner that. Actually, proper supports the black market. So there's Atra Ponant. The the other thing that is a topic right now is, you know, growing at home, and that's a huge part of what we see in terms of vendors. And you know, it's a huge part of our programming and education as well. And there's a lot of interest people who want to grow at home much like they might wanna who their own beer. So, you know. The industry continues to evolve and dispensaries do continue to open a whatnot. And don't get me wrong. I mean, a majority of people are not bringing home they're going to the package store nearby and the six packs, but with cannabis I think you're going to see some some real growth in that area. And you know, a big part of that also kind of goes back to the taxes if they're going to be overly taxed through the dispensaries that home grow industry is kind of really blossom and for the most part, it's not going to lead to digital black Mark grow it and sell it. But you're going to see growing share. And that that's a huge component. Lot of people are growing right now. And they're just gifting giving it away. Whether it's for medicinal recreational because of the way that the industry right now is unfortunately trending again. I am confident that it's going to kind of right itself, and we're going to be able to tweak it and learn from our mistakes and be able to change it. But. For now, you are seeing a lot of activity in that area. And that makes sense. And so am I allowed to grow it right now in my own house without a permanent for me to smoke? You are absolutely. Oh my goodness. Yeah. But am I allowed to have seeds from anywhere or do? They have to just appear in my hand. I think you can be gifted seeds. Can't you? You can be gifted seats. And and you certainly can acquire seats from a variety of different sources, and as the industry continues to evolve and grow, you know, you're going to see more access to that. Because that is a huge part of the grow at home. You know? How do I say this? I mean, everything starts with a C right for the most part right now. I think I think you're you're seeing people either gifted or you know, they are selling them. But yeah, you can actually grow at home. You should be grown at home. I might have everything else. I don't do too. Well with plants, but it is a weed, right? So probably could probably pull it off. That's interesting. My mind is going to places where it probably shouldn't right now. But I'm very intrigued by that. But you know, you were saying that one of the one of the risks is that you know, people will be sharing if this stuff gets too expensive in retail and the recreational shops. And of course, what's what's the supply? Shortfall those prices are rising. Anyway, is there any chance that the commission could cut cut the industry some slashes help those retailers? On the taxes? The. Correct. But you know, there's an opportunity at any time to address that. And and to learn from you know, what the industry is telling and showing us, and I think what you're going to see is that if the taxes are too high it's going to allow the black market to continue to forest, and it's not necessarily going to serve the purpose. That originally it was it was meant to. But you know, I it's this whole industry is evolving. I mean, if you think about prohibition for alcohol and thirty three one when alcohol was made legal again the industry had to kinda right itself. And learn not only from previous mistakes. But also, you know, how it was going to evolve and it didn't happen over one three or five years it took decades. And whether you know, it's a three system in one state or a two tiered system, which tributaries or direct to retail canvas is going to go through that same process, and we have to learn from our mistakes, we have to allow the industry to evolve. And I have no doubt that we're going to see that take place not only state to state, but also on a federal level. All right. Jeff Lawrence CEO, a co founder of the New England Tina this network. What are you guys have going on next? Are you are you heading off to Vermont? Or where's what's the next event for you guys? So we currently own and operate eight conventions around the country a majority of them are in New England. But we also have the Reno cannabis convention the Utah cannabis convention and we recently extended to New Jersey. Our next convention is actually this coming weekend in Reno Nevada. My shepherd actually flew out that today. And it'll be our second annual one the next one that we have in New England will be the first weekend in may. And that's going to be in Burlington, Vermont awesome. Alright. Jeff, thank you so much. We spend time with us this morning. Thank you for having me. And if you wanna know any more information listeners, go to Nikon any a Ann dot com. You'll.
"two components" Discussed on WGN Radio
"Intel on seven hundred twenty WGN. We're back this morning with Steve Daniels. Crain's Chicago business in Chicago. We're talking about the con, Ed. The smart grid program seems to be done with capital spending, though, still on the increase it. Con. Ed, Stephen curious from a consumer standpoint. Will watching our bills closely a win. Will we see something fishy? I know we've seen these six percent generally increases over recent years is that what we should look for anything more than that. We should be concerned. Yeah. I six percent there. There's two components of electric Bill one the cost of getting the power to your home. And the other is cost the power itself. And this we're talking about the cower pot. The power getting getting to your home. That's what's the prisons. Six percent on average over the past several years. It will continue to will probably rise it about those levels. You haven't noticed it? Because the cost of the power itself has has fallen in that period of time. But that also is on on the upswing. So if this all goes through, I you should I would imagine that people will start to notice increases over in their overall bills after all what they care about. And one of the things he told he's had been very careful about in recent years, and one of the reasons they have pushed capital spending as hard as they have is that the perception that wouldn't really be noticed by consumers since. The price of electricity itself has has been a cheap by historic standards over this period of time. So, you know. We just peers to me like there may be pushing things a little bit to the point where people will notice and always there's the risk that energy prices will go up, and then you got real affordability problems. If that's the case. So, you know, it's definitely bears watching what is the role of the Illinois Commerce Commission in all of this have been involved to what extent do they have teeth left to perhaps fight some of this? They have some authority to do that. But that's the whole idea of formula rates is that it takes away most of their flexibility. So what they can the only thing they can really do is is say or challenge what you toady is spending money on. Once the decision is sure go ahead, or or even before the fact that a lot of cases, it's just simply. After the fact, you shouldn't have spent money on that. The regulators have been very lows and the us regulators in particular have been very lows to challenge those sorts of things and after that it's just a formula. So this is a very rare authority for electric utilities have in the US. Most states do not allow utilities to to recover their investments an annual formula to come in and do a fully litigated rate hike. That's that's a eleven month process it it's kind of onerous, and it doesn't happen every year. So this is a very valuable power that comment has and and wish wants to extend for ten years. So that's a lot of the issue here. The formula was supposed to allow to the smart grid investment to occur. It's done. So why are we pushing to to extend the foreign that's the purpose? That's a big question. When the ICU has tried to put stuff forward. I know they've been taken to court by I'm guessing comment is involved in that. I'm sure they are they were involved in that. So there's the threat of legal action ongoing is isn't there? Well, yeah, there's that or more to the point when when pet head Clinton's ICC was much more consumer friendly. I ICC than Bruce runners ICS, I guess probably not a shock. And that I see did push back on some comments early plans are on the smart grid or in terms of how interpreted the law comment did in that case was it just went back to the legislature and said, they're they're not doing what the what we want. And the legislature is always been or at least in recent years been very friendly to comment passed yet. Another law that told the ICT you're not interpreting this correct way to make sure that comet got all the money that was coming to it. So that's that's usually the game plan. When when the commission doesn't do what time at watch. Steve. Thank you for being with us this morning. This is good stuff and turn up the thermostat. Stay warm. These days of the cold weather continuing. Absolutely. All right. Thank you very much. Steve Daniels from Crain's Chicago business the banking insurance. Utility senior reporter at Crain's. We're gonna leak out to a story a little bit later this morning. You can find more Chicago business dot com. It's five twenty eight on the opening bell. Let's head over to the newsroom Vic Vaughn standing by. There. The news coming up momentarily pick good morning. Good morning. Steve got a little snow out. There this morning. We'll give you an update on the flight information at the airport said roadway schools all that coming up in our next report. All right. Thanks, and this is the opening bell on seven twenty WGN..
"two components" Discussed on OC Talk Radio
"Money from your investments and retirement accounts and then you can also <hes> have some passive income that you avenue that saying that you have rental property in in the side or euro are still having a business and maybe you're doing consulting or maybe you your I mean maybe you're have aside. Business on the you know that you've kind of step back as being the main person but you're still kind of overseeing things and you kinda come in every once in a while and in oversee stuff and you get some type of paycheck. Maybe you the owner of the company <hes> and then and those are kind the different the different options you can draw your money so we've seen people do a combination of all of these and it really just depends on how much money you need but there's always options and then there's sometimes there's people that create hobbies and they turn them into a total side revenue income stream as well so I've seen a lot of different options from our individual clients but just to know you know you don't want to just put on your money under the mattress or just leave it all in checking or savings or even when you are saying okay I want to retire now. I WANNA put all my money in Im- bonds and I just want to earn just the income or the dividend from that because the reality is you need to be able to if you have third say you just retiring every now and you're sixty five and you have thirty forty years to go that money needs to be able to keep up with inflation that money needs to be able to a stand ups in the Dan's and the distributions that you're pulling from it and you need to be able to take in consideration. If you're pulling money from a retirement account. You may have never paid taxes on that money. It's been deferred each and every year to help you with your taxes but now is the time that you have to take in consideration so you're pulling out more to cover the taxes. Maybe at the end of the day that gets deposited into your bank account is not as high is that in the thing that kind of circles back to the importance of the financial plan to really calculate out what each of these plans is worth and the income possibilities so I think that's totally true options out there and that's great and just don't be afraid to let your money work for you as well at least part of it or so next I want to go into <hes> really just personal health and I know I've mentioned this on this show before but I you know there is an I forget who says but <hes> the the the quotas that health is the ultimate wealth and you know we have seen people who have <hes> worked so hard to gain their our wealth at the expense of their health and their latter years now are using all that wealth to try and regain their health and so I think this gets a little bit more philosophical but I think there's <hes> balance should be in place because that second component the cost of health so there is health care and you know we don't have time to get into the intricacies of Medicare and all that stuff which we're GONNA do on another show <hes> but we find that there are some people have just just exorbitant orbit amounts of of medical expenses I think some of which impart could have been eliminated or or avoided just by having a better balanced life so again philosophical but it is play a part in retirement planning and I think this is a good time to to kind of redefine so we're we're using the term retirement planning here now and it's a very popular term but one that you and I like to use his his financial independence because now we have we have our group of clients that are in their early fifties uh-huh and it's <hes> it's kind of fun for them to sometime say that they're retired but I think financial independence is a better definition because you know. Should they decide to work they can they WANNA do something. That's that is <hes> maybe well below what they were being paid before. They have the option to do so and I think that's the key word option. You don't WanNa Work Great. If you WANNA take years off great but that that option to have that independence I think is key. I would say going back to the health bar yeah. I think you're a great example of that. Because as as Paul over here is coughing nonstop and I recently just got over the <hes> holiday cold that's gone around. <hes> you know even in your own household. Everyone's wind's been signaling somehow. You've avoided at anything that you know what people don't talk about as the discipline about what you do you work out every single day and you're constantly making sure that you are taking care of your health but because of that you never sick I mean I know your kids and your wife and people around you are but you seem to like avoid in dodge it every time I definitely think that taking care of your health is a big proponent of that <hes> thanks for saying that I think at the of the day <hes> you know my my mode has always been to lead by example so and try not to prejudge us try to show and I just think it's so important <hes> to have that balance so <hes> yeah. It because you never think that's personal issue that's too funny but some other things I think we wanted to chat about that affect them with with the retirement and you WanNa say something along the lines of the landscape of taxes and the tax changes and how that's affected. It's affecting people in retirement. I think that's that's an ever moving target. We have what we have. We can't control what's going to change tax rates change <hes> <hes> the the <hes> taxation or the rules behind Roth Iras and I._R._A.'s those tend to change <hes> but you know I think at the end it's something that we have to accommodate for and every year we realized what we have to work with and then <hes> you know. I think you know a an a very common belief. Is that ham retired. I'm going to be in a lot lower tax bracket. That's that's very common. I mean how many people have we come in. Hey I'm going to be lower tax bracket well. Here's the real definition your income defined your tax bracket not whether you're actually working or not so earned income versus unearned income make no difference track the only differences capital gains and that's maybe again another subject so I say that if we you and I have done a good job with our clients during their working years they will not be in a lower tax bracket because we're going to have an incredible <hes> of pot of gold if you will that's generating money and then <hes> hopefully it's the same amount that they were making while they were working and so therefore they're in the same tax bracket so in that comes into play too and that's where more sophisticated planning comes in the place with hey do a roth i._R._A.. which is no deduction now and his tax free in the future or do a regular a regular retirement accounts so <hes> <hes> those are I mean that's all part of planning but you know the big takeaway is to make sure that <hes> that you realize what that your your tax bracket is based off of your income and so if you're gonNA just be granular just for today people are saying Okay Great? I understand moving target taxes. Go up taxes. Go Down Texas change. I don't know if they really always go down but they change so the tax acts of two thousand seventeen a lot of things changed but not a whole lot in regards regards to retirement and retirement planning and there's one specific <hes> portion that did change and that's the Roth conversion re characterization and I know that's a lot to say <hes>. Do you want to just explain quickly what it is and it is a tool that people can use so a Roth conversion is actually taking money that you have in a traditional i._R._A.. Or retirement account and then quote unquote converting it to a roth which which means you pay taxes that current year but from that year forward there will be no more taxes on a penny taxes on what's left on that account and you want to work with the C._p._a.. And your wealth manager at the same time when you're doing that correct because because there's the it it it makes sense to do something like that. This is Jenny speaking of Isis and we speak when someone is having a lower tax bracket year. Maybe <hes> maybe they they're out of work for a partial year or they didn't get the bonuses commissions or was pushed or your business. You're able to control your income little bit lower taxes lower tax bracket. That's the time you want to convert because you can pay the taxes him in previous years <hes> early in the year we could do it and knowing saying that hey if something happened climbing a bit commission at the end of the air and or had a much better year hey or way too high tax bracket. We don't want to convert as much or any of this. That's quote Unquote Rick Characterize it back the way it was well. The new tax laws taken that away right so we have to be a little more careful in the planning to do that right and something I think is really wonderful is if it's done right clients at the end of the day say they don't qualify for or a Roth because of their income level <hes> husband and wife the amount of money that they've meet each year that there's certain levels and caps that you have <hes> on an income level and then once you hit that you can't do a roth anymore so this gives them the opportunity to be able to do that and then again if they've done the roth over a number of years later on in life they can start pulling that money out and not have to pay taxes on that and so we have some clients that do that and have had a great strategy. gee and they've done incredibly well so now later on in life when they're retired and they're in the latter part of their lives they're not having to be as stressed out about the taxes associated with it because they have a bigger bucket of money that's being pulled out each and every year that's tax free you know we're we're running a little we're getting towards the end short on time but you know i just wanted to be used a couple of of of stories of of clients and you know i think this is the reason that your you're i you and i are in the business it's it's helping people and get to get to this point and the trust and faith that they place in us <hes> really just makes i think our our career our job worthwhile and we've had some and it seems like in the last few years we've had many more than usual <hes> you know we had a couple of course the group that sold their business and that was a whole other type of retirement financial independence planning but for the others who have worked hard you know our entire lives in saved a few million in dollars and and working so closely with us hey can you know can we do this and <hes> i always say retirement planning is all like steering a big cruise ship because you wanna make your the earlier plan early you can start to make turns is you can't make ninety degree right turn with the cruise ship that's right so i would really encourage our listeners to <hes> start early plan early in my older kids <hes> i had a rule not that that meant anything they had to do their 4._0._1._k.'s in i._r._a.'s and it worked for about a year or two and then that kind of fell off it now they're now that they're older there really wishing they would have kept that going so <hes> the early early start clearly there's compound interest there's time and there's no better combination of things <hes> and i would really encourage your listeners to do so and also making sure that if you are in a place in your life that you you know that you wanna leave something to your ears i think the earlier that you can have the discussion with them about what your plans are in clue them in at least a little bit then that way that they know and they may might have some ideas i know it sounds crazy these young bucks sarah that might have some ideas but just in general you know the end of the day making sure that if you have a legacy you're passing onto your ears that you're being able to do it in the best fashion possible and then everyone is really you know taking care of and in your wishes are followed through on exactly all right we're at the end and tissue oh that this is your favorite part to tell everyone how to find us follow us so you're on yeah you're gonna tell the email address but i'm gonna say logging <hes> uh-huh and our zandbergen report wealth strategies and investment wisdom we are all over the place on podcast so pod beam in we're on <hes> i tunes and i- har- in a several other so you can even just go google and <hes> put in the bergen report while strategies investment wisdom and we're also on social media and we like to get questions and answers there in kind of do a lot more engaging with our <hes> <hes> clans and audience and we are on <hes> instagram and we are on facebook and twitter and <hes> linked in all these fun sites and you can also go to our website as well to find out more about us and also if you have things things that are that are on your mind we're here so i'm <hes> letitia bourbon that's l e t i t i a bourbon b. e. r. b. a. u. a._m. and then it's at all those sites and then you wanna say yours sure it's part zandbergen and what are direct email for the podcast podcast at bart zandbergen dot com and it's b._a._r._t. z. a..