35 Burst results for "Zero Dollars"
The 'Liberal Leaning' Media Has Passed Its Tipping Point
"We're talking about governor cuomo's resignation and i was just mentioning. That governor cuomo has been playing dirty politics for a long time. But i want to be fair and of course some republicans play dirty politics two. I'm not just confining this to the democrats and i know a lot of liberal counterarguments to what i'm saying would be well. Trump had that famous click on the boss a few years ago when that was horrible. But i'm not here to defend donald trump. What i'm here to point out is the disparity between the way that the media hammers and investigates trump. And how the media never hammered and never investigated cuomo and this. We we see this time and time again with conservatives hounded for things that the left gets a pass on how about this whole tax scandal that came out with trump a few months ago when everyone was up in arms saying that he paid only seven hundred fifty dollars and federal income tax. Meanwhile very few people know this. There was an irs report that was leaked that indicated that jeff bezos the richest man in the world elon. Musk the second. Richest man in the world and george soros all had multiple years where they paid zero dollars and federal income tax. The scandal is not that this happens. The scandal is that it's legal and the scandal is again that they will hammer trump and conservative republicans for things that they will not hammer the left for. Because if you are useful to the media they will protect you they were. They will overlook just about anything that you
Supreme Court Rejects Third Challenge to ACA
"The supreme court has rejected another legal challenge to the affordable care act the signature. Healthcare law passed under the obama administration in a seven two decision. The court found that a case brought by texas and other republican leaning states lacked legal. Standing is the third time the court has considered the two thousand ten law and the third time that the aca has prevailed for more on. Today's decision i'm joined by wall street journal. Legal affairs reporter brent kendall. Hi brian thanks for being here. Thanks for having me so brent. Tell us more about the court's reasoning here. This is the third time. The court has had to wade into this area. I mean in some ways. This was the most unlikely of three cases. This was all setup because congress a couple of years ago there's a mandate in the law that most people buy insurance and there was a penalty associated with that if you didn't and so what congress did a couple years ago as part of a tax reform package zero out the penalty so now even if you don't have coverage and your technically supposed to. There's no monetary penalty for doing that. The complication is supreme court previously upheld the law and the idea that congress could use its taxing power as a justification for the mandate in the first place and so then republicans stepped in and said. Well there's no tax anymore you can't justify the law under the taxing power and so what the court said today as well. You don't really have any valid basis for making that argument because nobody is hurt by. The government charging us zero dollars for not carrying insurance. The end we don't say anything else in the case.
"zero dollars" Discussed on I Read Comic Book
"The sort of captions with the symbol of whoever the character is so. If it's like you know. Ms marvel talking with captain america. You'll have like the shield and then the lightning bolt and things like that so I kind of liked that idea because it feels a little more organic than just everybody consistently repeating. Somebody's name so you know who's speaking because it just doesn't like nobody talks like that. Let's be honest. So i am. You know in my writing career started out as a. I got this note from an editor years ago saying that. I'm cool very economical when it comes to dialogue so i've been trying to write more dialogue but at the same time Being lederer as well. Like i don't really wanna rate too much dialogue because i think it's like you want the art to be able to communicate information as well like he doesn't always have to be. Hi my name is so-and-so and this is what is going on you know. The art team communicate attitude can communicate You know a just mood and such and you want the art to do that. Otherwise just a writer sort of writing over everything else I was just having conversation with a girlfriend of mine who's Also a film writer. And i said you know i understand that stories. Taken organic turn sometimes and and they have to change at the same time. I liked planning my stories out. Because i wanna make sure that you know. I don't want a or to have to sort of let her over a bunch of art. Because i decided that the story is gonna take this different turn and you know the art isn't servicing that because the artist didn't was privy to the whims of the writer. Kind of thing So i mean. I think corolla does a really great job at acting facial expressions even really slight things like in that first chapter when poppy grabs her daughter and sort of rips her daughter away from violet. In this sort of like you know what are you telling her. Don't don't fill her head with you. Know whatever garbage your spouting really. It's so indiscernible. But rose has her hand out in his touching hollies hand as hoppy ripping her from violet. And that's a that. That is an instinctual thing that you do. When you're around a kid is you always make sure that you're like making sure that they're right there. You hold their hand you you put your hand on their head or something to make sure that they are physically there that they're safe and i thought that that was. That was nothing that i wrote and that was just as tiny little thing that curl put in that that just makes that scene that just shows the heart of that scene. Now back to the pdf is you say i'm scrolling through right now. What else did i miss in this book. That's that's amazing you know. Actually i was. I was curious like you. Send us the first chapter of the of the story Did you change anything in order to move this from like a mini series to an eugene or you just trying to just release it all at once Just so that folks can get the full story..
Elsie Teaches Emma To Be An Internet Mom
"You're listening to beautiful podcasts. Emma recently shared that. She's expecting a baby this summer. So in this episode. I'm giving her a one on one on how to survive life as an internet mom online bullying in general overstepping in parenting on. The internet is always tough. But it's extra extra extra tough when you're a brand new mom so if you're at a similar stage in life to us this episode is for you and if not you can just listen and be glad that it's not you. Yeah yeah i was like how about we do an episode where you just give me advice about being a mom online. Because i just feel like. That's one area that People get royal judgy in mean on like even more than normal yet. I'm like ooh what's going on with this. Like i didn't become a mom till i can't remember enough. I was thirty four. Thirty five luscious say. I was in my mid thirties. When i became a mom so i had a whole decade of watching other people do online before i started so i knew it was gonna be rocky in that way. Yeah and it was everyone has boundaries whether you see them or not but even if you feel like you have pretty tight boundaries other people will not see it that way and it's it's just very challenging because a lot of the meanest comments you'll get our projections. It's not even really about something you did. It's about something that that person feels or that that person went through or that they're somehow trying to protect your child from so let's jump in. We've been blogging fourteen years so we definitely know how to deal with rude comments. Let's just put that out there. In the beginning it does get easier. We know how to delete in block. We know how to respond. We know how to learn from something. That is legitimate criticism. All of those things are normal to us for seasoned pros but when it comes to being a mom it does change it a little bit and I wanna give them a pep talk. That i never got because in some ways i wasn't prepared and i think especially in my first year of parenthood. I was a little bit more defensive than i am now. I wish that i wouldn't have been interesting. The internet tends to get really really invested in bloggers having babies and. I know that this already happening to emma. Even though it's like she's the most private person. I know a lot of bloggers. And she's probably like in the top two. Most private bloggers out of all of our group of friends. And it's still going to happen. So take notes emma. Here's your pop talk. Are you ready. Yes. let's do it. Yes and tell me and tell me what you think about each thing. Because i want to hear your thoughts to. I don't know parenting. I wanna say up front like the one of the reasons why we didn't make this parenting podcast and why we don't do. A lot of parenting advice is because that's not our job and we know that like i don't want it to be your job but i think in this one episode. I think it's worth it to just like go there Because we have learned some things and you're about to enter into a season where you're the most tired and the most stretched then that you've been in a long time and then to pile people being mean to you on top of that is just not fair. That's what i wish people. Well and i definitely feel like When people have made comments or criticism of my job which is like pudding In craps and things like that on the internet so if someone's like this recipe sucks. I'm like well you know this. I m putting this out there as a part of my career. Cookbook out. I you know have a. That's a big part of what i do on our blog. I feel a lot more like okay. This is what i'm choosing. But i don't really consider being a mom part of my career. I consider it something that i've always wanted to do. And i'm sure. I will want to share photos of my child and and myself being pregnant and things like that here and there but i don't really think of it as this is a career move. I just think of it as oh my mom's going to want to see this i'll post. Yeah okay well. It's harder when it's like that on that. No i have to skip ahead to point number five. Just read too early because it relates to what you're saying it says okay even if you make zero dollars from your kid never put them in and at et cetera. People will still call your mom blogger so just like let it happen. I was in a magazine article in. I think like people last year where they were calling me a mom blogger and it also had like clear and joanna from the home edit. They're definitely not mom bloggers either and then it had us with like you know some of the people who actually are mom workers so i feel like just having a kid in some people's minds makes you in the category of mom blogger. But i do think it's own business that the people who choose to do that they make these choices they make these big boundaries. They make these sacrifices. None of those things are we doing. And we're not even trying to enter into that category. It just gets muddy and other people's minds. Yeah okay so my first piece of advice and this is the best advice anyone ever gave to me. Before i became a mom and i think it's the most important parenting advice you can have is that you have to choose to listen to your instincts over everything so especially being a mama will want to give you a lot of advice from everything from you. Know your car seat choice to your education choices. You know if you ever open up about anything personal or any kind of struggle with your kid. The advice you'll get will be overwhelming and massive but your inner voice is already telling you at least for me every point in my parenting journey. My instincts have told me what to do. And i think that you can really trust them. They're there for a reason and they're really the biggest thing that you don't wanna ignore to now that makes sense. Yeah i'd i didn't read a ton of parenting books i've talked before about. I love the danish way of parenting. I and i did read a couple of books about adoption when we were first opting but reading like a ton a parenting books. I don't think is necessary. I think you have to listen to your own. Inner voice and it's good also to get like a core group of other moms who have some stuff in common with. You can listen to them. Like i usually ask my best friend a couple questions a year. You know or ask other moms. Who are bloggers laura. You know like ask her things whenever it has to do with like you know blogger specific stuff so
People are being taxed for fraudulent unemployment benefits
"Like a bolt. Out of the blue you get a obscure. Federal tax form called a ten ninety nine g. g is in government. And it's from your state saying you received unemployment insurance which is just fine if you did get unemployment insurance having been unemployed sometime in twenty twenty and so you report that as essentially income on your federal tax return and you pay taxes on the unemployment benefits. He received fine so far. Except there was such chaos was state labor department's that unfortunately a lot of people received unemployment pretending be you bay would file using identity theft tactics pretending to be someone who may have stayed employed all through the corona virus employment problems and they received that money direct deposited into one of their counts pretending to be you again. And then you get the tax bill. The irs is said not our problem. You go work it out with the state so crazy as it. Is you now have to contact. If you get one of these because otherwise you'll be paying tax on phantom income money you never got somebody got pretending to be you. You have to contact those way. Overtaxed looked state unemployment offices probably have to fill out some state forms. Saying i didn't get unemployment wasn't me probably have to sign an affidavit which means if your y you can go to prison and then they issue hopefully in a timely manner corrected ten ninety nine g they send to the irs and a copy to you showing zero dollars received of unemployment benefits. The irs does not want you to say to them. Hey i didn't get this. They're going to tax you on it until and unless you get it corrected with your state you're gonna have to be persistent. You might need the help of your state legislator who can try to do what's known news constituent service to get this fix for you with your state labor department.
How Tech Companies Are Changing The Way They Price Things
"Chances are you've changed the way you spend your money. This year from the tech companies have noticed everyone from apple to amazon. Zoom has been experimenting with the way they price their products to try and entice and keep customers joining now to talk about. Some of their strategies is our personal columnists nicola wedding. Hey andy cole. Thanks for being here. We're going to run through the specifics in a minute. But i want to start by asking. Why look at tech. Companies pricing moves this year. What are these decisions. Tell us about the company's cigarette question. I was curious about whether or not the economic downturn prompted by this very unique pandemic would prompt companies to consider new pricing models. Or in what ways would test traditional pricing schemes. And the reason why it's unique is because economic downturns sometimes forces prices down until in this case. No one was flying into some flight. Prices went down some airlines offered. Buy one get two free seats deals. But in other cases prices went up because grocery van was higher because supply chains were in disarray. Because operational costs were higher for places like restaurants so is really interesting. Look at how companies are reacting. To this unique time i think we often think about economics and pricing models as firm that nothing is new and that there are no real experiments and pricing. But the truth is when there is a moment like this one. Nobody really knows how consumers are going to react. And so in a way a lot of these companies conducting experiments and we saw a lot of companies. Take some different approaches to that. So let's run through some of the examples we saw and we'll start with entertainment reminded us how hollywood adjust in the world of closed movie theaters. Obviously it was a huge hit. Two movie theater industry because being locked in a closed room for two hours isn't exactly cove friendly disney to interesting approach. It launched disney plus very recently and that was probably a saving grace for the company because there are lots of areas of the company that were not doing well like parks for example and mulan was. One of its biggest blockbusters this year to two hundred million dollar. Movie is the remake of a classic. A favorite of mine and they decided instead of releasing it exclusively in theaters which is normal to charge thirty dollars for early access to milan with called premier access and it was an interesting move because they were going to charge thirty dollars which is a pretty high price for streaming service as an add on to what you're already paying which is six ninety nine month for disney plus and offer that early access for three months and then make mulan apart of the larger library in december for centrally free included near subscription. So kind of just charging the price that it would cost to go see the movie at the theater but from your couch now. Milan might be a bit of an anomaly. Because of a number of factors including concerns over where the movie was filmed which was in a part of china where the government has been accused of committing some human rights abuses but batted mind. How was milan received the gamble. Pay off it fell flat. Most analysts say because of two reasons one is because there was a lot of controversy around the filming location. The ceo admitted this himself. And the second reason is that the price is really high and instead of framing the premier access price as discount for disney plus subscribers so they could have charged forty dollars for non-subscribers and thirty or twenty five dollars for subscribers to make feel like. You're getting something out of it. You know a deal. The church this premium price too subscribers. So milan didn't quite work out. It sounds like but is this something that streaming services and entertainment more. Broadly make testing. Interestingly disney's biggest rival one of disney's biggest rivals warnermedia decided to release. Its entire twenty. Twenty one slate of films included with hbo. Max not opting for the premiere pricing model and disney's next release which is pixar soul will be included in the disney plus subscription and not as premier. Add on. so you know that sort of indicates that move london. Do super well for disney. But i do suspect that if we are staying away from movie theaters well into twenty one well into twenty twenty two that they will try this again for another blockbuster release maybe with a lower price. Got it okay. So let's move on to apple. They released ton of new products this year and played on what you have dubbed the. Goldilocks effect. Can you tell us what that means. Goldilocks refers to a good better best pricing strategy. So this means you get three options or three buckets of options that represent sort of like the budget the mid tier and then the expensive model for those who have a very high willingness to pave the latest and greatest features apple for a long time has released new models one or two and then discounted previous models older models to sort of represent that good better best strategy so the budget option was always like last year's iphone this year. They released a record number of new iphone models so five in total and actually the budget option is a new phone. That was released this year. So i think what that says about apple said moving forward. They want their entire lineup their new lineup to represent more pricing tiers to appeal to wider swath of people so even those who are willing to spend just a couple hundred bucks at a phone can feel like they're getting a new iphone sort of expanding their addressable market. And as you mentioned. This is a tactic that apple has used since long before the pandemic but is there a reason sort of doubling down on this in a year like this one. Yeah you know. One of the pricing consultants. I talked to says that more pricing tiers kind of a protective measure for some companies apple is a premium brand so they can get away with selling a multi thousand dollar iphone in during an economic downturn but the lower end iphone. se. That's just a couple of hundred bucks you know. Three three between the four hundred bucks allows them to keep the customer that has a tighter budget in their brand. And hopefully that person will upgrade to a more expensive iphone in the future got it and in a similar pricing move. The fitness company peleton introduced another more expensive stationery bike and lowered the price of the existing model by about three hundred fifty dollars. So what fa logic with this move. Eso not exactly good better best because two tiered pricing system. A lot of economists called this committee classic price discrimination where someone who has ohi willingness to pay more features will pay for the very expensive two thousand four hundred ninety five dollar by plus with all the bells and whistles and those are just starting to get into a stationary bike gang but really wanna peleton are willing to pay the eighteen ninety-five price. This one research paper. That i discussed in the peace looked at this williams sonoma case where two hundred seventy five dollar. Red baking appliance wasn't selling at all and then williams sonoma a more expensive model and then the cheaper model. She sales doubled. So you know. Peleton may have been drying from this classic case here we. We don't have exact numbers on its performance but in earnings calls peleton was very bullish on. It's cheaper model and said that it would continue to be its bestselling bike but what happened is during the pandemic people were more willing to pay for premium equipment because it was replacing their gym membership. And so wait times for this. Newer by plus are now up to ten weeks and wait times for the cheaper bike are know almost half that that time so it seems like maybe peleton should have priced. They're more expensive by maybe even higher or maybe they're less expensive lake even more affordable. So i think that brings us to the fourth big pricing strategy. We saw which is this trend of companies dropping walls and generally making more of their product or service accessible for free. You just right into some of what we saw there. Yes so early. On in the pandemic a lot of companies were responding to this very sudden turn towards work from home and being online and not really being able to communicate with with other people in person so zoom for example lifted their forty minute limit for k. Through twelve educators eighteen other service providers lifted data caps. Comcast made its network of xfinity Wifi access points free for everyone. You don't need comcast subscription. The list goes on and on what they're sort of taking advantage of is the fact that free is great advertising and free something really miraculous to our brains. Were very persuaded by zero dollars. There is this very famous study of students who had the choice between a one set. Hershey's kiss or twenty six cents lynch truffle and when given that choice most students picked the lynch truffle but when the researchers lowered the price of the hershey's kiss to free and the lynn truffle to just one cent below. Even at the price difference was the same. Most students opted for the free. Hershey's kiss so free has a very strong pull on our psyche and these companies. Think that in offering free services they spread goodwill but they also increase the amount of people who are using their service and the thinking is that potentially those people will pay for other things in the long term. so nike is a good example of this. They made their are trading club app. Free the premium subscription cost some amount of money to be able to work out with their very chiseled very good-looking trainers and These trainers are wearing like clothing. And there's a short cut in the app to buy nike apparel and so in making the free They're able to sell more naked goods so they're actually making it free permanently. Yes that nike move definitely worked on me but i wonder aside from that. What is the business case for this option. I think i'm still a free user of zoom for instance which is not making them any money. As far as i know we have seen some indications at this early working for some companies zoom was extremely well positioned to do well this year but in making their service free they got more people acquainted with the service and they started rolling out new products like this new pricing page for people like trainers to charge for zoom sessions. And so i think if you're used to using a service you're more willing to hand over your credit card to that service and their revenue shot up. You know something like over three hundred percent this year year over year that may have something to do with the fact that zoom was like the premier video conferencing tool that we all leaned on but also has to do with the fact that they have a really robust free tier that allows most people to use the service without paying for for extra stuff finally we have subscription model and it sounds like the grocery delivery market is a good example of this. Yeah so home. Delivery exploded this year. It allowed people to stay away from grocery stores which all of a sudden became dangerous activity and Walmart really capitalized on this moment by offering a subscription service It's called walmart. Plus and it includes free unlimited delivery from local stores. The thinking is that it pays for itself interest deliveries walmart says. What's interesting about this example. Is that you know. Walmart really rushed this program out and so they had very scant perks and the program cost ten dollars a so that easiest comparison the laziest comparison is is tames on prime which on top of free unlimited delivery offers you know this giant entertainment bundle free photo storage etc etc until i think it was is hard for people to justify the price between walmart plus and amazon amazon prime. But we don't have numbers for walmart plus yet and it may very well have been a success and walmart plus and amazon prime aim to do the same thing which is try to make walmart or amazon the default shopping choice in her mind and i think walmart plus is a good way for walmart to become more salient in people's minds. And let's just break that down a little bit more. How does the subscription model actually work to create sort of a stickier relationship with consumers. Yeah other examples are dash pass. Switches door dashes new membership tier which lowers delivery and service costs for its customers. These companies are trying to keep switching costs high. So you want to feel like the more you use this service. The more you safe if you delivery cost three dollars typically for every order the more orders you deliver the more you squeeze out of that thirteen dollars. A month subscription so they're trying switching costs high and trying to increase the willingness of customers to buy without thinking are those are the five strategies we said at the beginning that this is sort of a big experiment. So what are the takeaways here. Are there certain hypotheses that are clear winners and losers will i. I think one of the the clear winners is definitely more pricing options for customers. That said can self select into whatever tier. they're most comfortable. Paying and that maybe premium pricing wasn't the right move but the truth is this pandemic is to go on for several more months or potentially another year and Pricing changes all the time and in the course of my reporting the story had to change multiple times because the prices kept changing perks. Kept being added onto bundles into it. Seems like companies are still trying to figure this whole thing out as we all are very enough all right. Our personal tech columnist nicole new. Thank you so much for joining me.
Suicide bomber in Nashville was home grown terrorist.
"This city in publicly identifying the suspect and his fate officials disclosed a major breakthrough in their investigation even as they acknowledged the lingering mystery behind the explosion which took place on a holiday morning well before downtown streets were bustling with activity and was accompanied by a recorded announcement. Warning anyone nearby that a bomb would soon detonate then for reasons that may never be known the audio switch to a recording of petula. clark's nineteen sixty four. Hit downtown shortly before the blast. Investigators have not uncovered a singular motive for the act nor was it revealed why one had selected the particular location for the bombing which damaged in a t and t building and has continued to wreak havoc on cellphone service and police and hospital. Communications in several southern states as the company worked to restore service some speculated online that sixty three year. Old warner was the five g network. Conspiracy theorist was not known to law enforcement before the christmas day blast in the past month warner appeared to put his affairs in order. He transferred ownership of the home where he'd lived for decades informed a regular business client. He would no longer be working. Property records show on the day before thanksgiving one transferred the title of his longtime bak- town road home to los angeles woman. the transaction acquit claim deed. That did not require the woman. Signature was made zero dollars the. Us government headed toward a chaotic last few days as president. Donald trump finally signed a nine hundred billion dollar pandemic relief package that will deliver long-sought cash to businesses and individuals into also avert a government shutdown. The massive bill includes one point four trillion dollars to fund government agencies through september and contains other end of session priorities such as money for cash starved transit systems and an increase in food stamp benefits. Democrats promising more aid to come once. President-elect joe biden takes office but republicans a signaling a wait and see
Zconomy: How Gen Z Will Change the Future of Business with Jason Dorsey
"Jason. Save up to fire nation and share. Something interesting about yourself that most people don't know sure what's up. Fire nation thrilled to be here with you. Huge fan fire nation. Everything about something that most people don't know about me is. I wrote my first book when i was eighteen years old and it was so successful. I ended up sleeping on the floor of a garage apartment with five thousand books that i had printed thinking somebody was going to buy them instead. They were furniture. So a bed of books means you're not selling as many books as you want to fire nation but guess what jason's grown he's matured and right. Now he's rocking z. Konami which is all about generation z. And how gen z is going to change the future of business. So i kind of want to start a few steps back jason. Because i'm just curious like how does one get into studying generations wide. Did that interest you. And why did you get into it. Yeah share well that. I book that i wrote when i was eighteen at ended up not selling it first and then becoming a real big bestseller and i started speaking all around the world and i ended up on sixty minutes and i was on. That show is all about millennials. And i'd written a bunch of books and started a company and everything was going great but after that show i started speaking all these corporate executives who are now our primary clients but i was speaking all these exact and he would say such terrible things about millennials and i am a millennial pretty fended lazier titled your pants or fall off. You live with your mom and all this stuff. And i'm like well. No actually. I have my own house in our own office building in my parents worked for me and my pants are on very snugly. Thank you very much. And so so after that i remembered Clear as day. I was in this boardroom. Big public company and the ceo had said Some things about millennial employees. That i just i didn't fully believe and i'd spoken about half a million millennials at that time and so i asked him because i didn't know any better. Now i serve on lots of corporate boards. You know one of the couples on sold for eleven billion dollars. I live in this world now. But back then i didn't i didn't i didn't know and it was really a set up for success so i asked him i said is there any way i can see your data about millennials because you say the turnovers hiring. They're not as engaged and on and on i. I love to understand better. So i can conceptualize it and maybe help also for so. There are a lecture or whatever so they sent the data to me. And the data didn't match with the ceo had just said in the boardroom which basically never happened. Ceo's don't go off the cuff in front of their boards prickly a private publicly-held company like that. So i asked my wife who has a phd. I said denise you know this is. The strangest thing was just in this room with this pretty famous. Ceo they said all these things with great conviction then. I looked at the data and the data doesn't match what they just said. I said what do you think we should do. And she looked at me and she says we start a research for. She's up because if they don't even know their own data if we can help them to understand their data make better decisions and we can really great copy and help lots of peoplesoft. Lots of challenges and so. That's how we got into this thirteen years ago. We founded the center for generational kinetics. We lead research all around the world for many of the biggest brands in the world. And all about separating generational myth from truth through data so leaders can make great decisions whether you're a startup or venture capital or your bootstrapping yet or you're in a big public company getting accurate data and being able to make decisions based on that increases the likelihood of success de risk strategies. That you're looking at drives innovation and so forth and we found that generations in particular or one area where there was just so much myth and so much misinformation and if we gave people great information that it could take action and that was incredibly exciting. We've had seven hundred clients since then which is pretty wild and done studies all around the world and just love it absolutely it now. Your ceo is just flat out wrong when it came to millennials and you had the data to back it up. Did you ever go back to him. And just be like joe burrow. Check us out. you're wrong in also my pants. They're pretty snug. Check them out. I know that was a quiet. But i really do credit him and i if it wasn't such a negative story i would say what company is because it's really big famous company but But no but. I do believe that he something that we saw frequently. Which is the idea that generations older generations. Think of millennials through the lens of their kids or their grandkids and so that that becomes a proxy for the whole generation. And in fact when we wrote the economy book new book. What we found is the same thing was happening again and there was all this misinformation and it just wasn't true and that's why we spent less two years right in the book is because we've got to clear this up because when people have the wrong impression about an entire generation it leads to so many problems for everybody. Everybody loses so no. I never never corrected him on it. But i do give him credit for sparking the idea. I'm glad that you do give them credit for sparking that idea because sometimes fire nation. Is those things you just like you know. I'm not just quite sure about that. Let me look into it. They can really uncover some great opportunities in one thing. That i think is a huge problem in this world in general and especially when you're talking about generations is just regurgitation. You'll hear one person on one talk. Show say one thing. And then you'll regurgitate it. And then somebody else regurgitates regurgitation and like seven layers down. You're like how'd you hear that. They're like oh. I don't really know like somebody just mentioned it and like now you're speaking it like it's the truth and it's just regurgitation of what you know is something that has no data to back it up. So what most people get wrong jason when it comes to generations break that down for us shared. There's a few things that jump out. The first is this belief. Generations are a box or stereotype and that is absolutely not true. We're generational researchers. This is what we do more than sixty five generational studies and what we see is generations are not a box but what they really are powerful clues and as long as we used them as clues and only clues to dry faster connection trust and influence in create all kinds of positive outcomes. We don't wanna put people in boxes. We wanna use this as clues. So we can figure out how to better lead market sell collaborate innovate and so forth. And when you sort of at that level people seem to really embrace it because it just gives them another lens to better connect. So i think the first is people think. Generations are boxes or stereotypes. And they're not in fact. Our clues are driven by math. We look for what's called predictability by scenario so that's the first thing that people i think it wrong. The second is this idea that generations are the same around the world. Now one of the things that we've uncovered repeatedly in our work. We publish all this on our website. Is that generations vary by geography so for example in the us will see differences between urban and rural within the same generation. And that i work a lot outside the us and we'll see differences. Has we travel around the world and that's important because if you're a global company or frankly a global brand fire nation is you want to make sure that you really representing each of the different geographies. And what makes them different now. One cool thing that we've uncovered and we talk a lot about this bunches. Economy is the most consistent generation the world. now that doesn't mean exactly the same but the most similar generation the world is now gen z. Gnc's about twenty three twenty four years old. The oldest and the reason the most similar is because of cheap mobile technology so if you live in different countries around the world you might even get your phone for free as long as you use it for payment. Think about it started using a text. Payer sort of like a mobile credit card in different parts of the world and because we've driven the cost of a mobile down solo basically two zero in many places now. All the sudden young people around the world are having access to entertainment news information dating banking on and on and on and as a result of that. We're seeing a lot more similarities. As i travel all around the world the younger you get but interestingly the older you get even to gen xer baby boomers from a different planet as you travel around the world. So that's something people get wrong. And then the last thing that i think people get wrong. And is they have to deal with a bunch. Is people confuse life. Stage or age with generation. So for example jen's is now twenty four but when we do studies and ask people how do you think the average millennial is they'll say twenty five as if we didn't keep getting older you never talking about millennials for fifteen years. Say there they're now forty. I think that's a board it because you stay in the saying generation but you pass through different life stages and frequently people confuse the two and it's very important to understand the difference because if you're trying to market or employer build a business that targets different groups generations gives you all these clues but we got to distinguish between the generation which travels up right at ages up baby boomers for teenagers versus life. Stage for example high school or college which are still pretty similar ages as they have been for the last four years and so knowing. The difference helps you to understand that. Yes really interesting. How people always confuse age with generations. And how that all goes. I mean you know. I was just talking to a friend the other day literally. He's in his late thirties. I'm in my late thirties. And he's just going off and riffing about jenner. How millennials or just entitled and all this stuff and it looks like you know where millennials. He's like oh no. I'm definitely not a millennial mike. Well we're we're like the oldest millennials millennials. And he's like well. I need to look at that. And so it was funny. He came back. We know there's actually a lot of great things about millennials and he's now like listing off all the good things because he now is identifying himself as a millennial so it's really interesting fire nation and yes. We do get older. That is what happens to all generations and all human beings foreshore. And we're gonna die something. I'm pretty excited about as soon as we get back from our break which is about how generational work is actually going to solve challenges for both entrepreneurs that's you fire nation and companies as well as soon as we get back think is the best platform to create market and sell your own online courses in. We speak from personal experience. We've been hosting our online courses within kick since two thousand seventeen with dinkic we can deliver content to our students in a simple user friendly way that allows them to learn and take action fast plus our students are always raving about how easy it is to follow the flow of the contents. Thanks to think theme and templates. So if you're ready to create an online course to help you reach a wider audience build revenue in make a bigger impact than think. If is the perfect partner to have by your side to prove it. Think if it has an exclusive for you fire nation. Their five day course challenge. Here's what one of their recent students had to say about. This challenge helped me gain the confidence and clarity. I needed as well as a perspective required to compile my specialized knowledge into marketable contents that others will be willing to pay for sign up for this free challenge today at think dot com slash fire. That's t h. I n k. I f i. C dot com slash buyer looking for business. Coach was helped thousands of entrepreneurs just like you to increase profitability by an average of one hundred percent per year all for less money than would cost a higher a fulltime at minimum wage employee fire nation meets clay. Clark klay has been coaching businesses. Like yours since two thousand six yep even through the great recession and he does it for less money than would cost a hire a full time minimum wage employees at a time when inc magazine reports that by default ninety six percent of businesses will fail within ten years claes helping businesses like yours to grow on average by one hundred and four percent annually. Houses even possible clayton only takes on one hundred and sixty clients so he personally designed your business plan. Plus cleese team helps you execute that plan with access to graphic designers. Google certified search engine optimize web developers online added managers videography workflow masters in accounting coaches visits thrive time show dot com slash fire to see thousands of video testimonials from real people. Just like you. Who plays helped over the years. That's right do your research view. Thousands not hundreds of proven documented in archives videos. Testimonies from real people just like you. At thrive time show dot com slash. Fire thrive time show dot com slash. Fire then schedule your free consultation with klay himself to see how he and his team can help. You thrive so jason. We are back. And as i kind of teased before the break. I wanna get into. How generational work console challenges for fire nation. That's for us entrepreneurs but companies as well. Sure that with us. Sure one of the things. That also is not obvious as i'm venture partner at a venture capital firm and serve on lots of start up boards. It's an extremely passionate about and what we're seeing much of the opportunity being created today has a generational trend or thesis. It's the adoption of new technology new solutions or bringing a different way to look at old problems and when that happens that's where both change and frustration and challenge and frankly companies go out of business but it's also wear new opportunities are created so i'm speaking with entrepreneurs and working with entrepreneurs were trying to look at what are millennials and particularly gen z. Doing right now that you might want to be able to build a business around or leverage as their pine power influence increases so for the first time what we're seeing is technology trends are rippling from the youngest to the oldest and that's a huge shift. It used to be from the oldest more affluent down to the youngest. But now we're seeing younger. People are actually driving tech adoption up to the older but the key as an entrepreneur mississippi that we coach entrepreneurs about is being able to sort of step out of your generation and look at it through the lens of another generation. it's what we call generational contexts. One of the best ways to do that is actually bring members of that generation into the conversation. I can't tell you how many times i'm speaking at places. And they're asking me all these questions about millennials or gen z and. I'm like well. Why don't we invite some of them to the conversation. Let's talk to them. Uh let's actually talk with them. See what they say. Say get and so. I think when you look at bringing generational diversity into the workplace into innovation. You can solve all kinds of interesting challenges. I'll give example right now. What we're seeing is the gen z and even younger millennials. I talk about both of these in this economy book. They want a different on boarding experience. Obviously we're in this time of covert and all these changes but even before that what we saw is that the youngest generation wants to be on once on boarding to be by text message. Which sounds i know a little bit wild but there are companies. Do all of their on boarding through text message so you get semes- before you Short for your first day in alaska you just give you a simple example. This is in the book from coming called on border. When you they'll send a text message and it'll say what's your favorite snack three o'clock when your energy starts to go down. Do you have a favorite sports team are causing all this sort of stuff and the is when you show up for your first day. Or they'll even now senator gift baskets to your house. They'll have all your favorite snacks ready for you on your show up because they already know because you put in your text message or the. Have your favorite sports team. Or they'll find the best place that you wanna go eat or have that food delivered so they're engaging you by text message in a process that generally used to be in person and frankly pretty terrible at most companies. There's another company that worked in with again. This is generational trend. They figured out how to pay all employees fifty percent of their wages every day at no cost. They're called instant and what they did. Is they basically said you get a text message or message on your phone after your shift. And it says hey. Would you like half your money today. Yes or no. If you click s you get your money. Will all the sudden now you have. An entire generation is growing so fast that thinks they should always be able to get half their paycheck. Every day will imagine how that changes so many other things and all the sudden other generations. What do they say well. This text messaging on boarding thing is pretty cool. You mean i can get paid every day. That's pretty awesome. I think i want that. To and all the sudden the generational trends creates huge businesses. And those are the types of things were seeing you know so much. Innovation is driven by other generations. This is the key they don't even think it's new or different when we interview them. They think you've always been able to do on boarding by text message because they never got on onboard before there was text messaging or if they've only worked at a place that gave them the ability to get paid every day. That's how they think everybody gets paid. And you know older generations. So i work with the frequently. Get defensive and they're like you know. The young generations are trying to change everything. And i'm like no. They're not this is just all they've ever known they don't know any differently. Change to them is actually doing what you're proposing and it's not about one being right or wrong. It's going we can. We can leverage us. We can adopt this and all the sudden on boardings better retention is higher engagement is higher in these types of things and you see it on the marketing side for those fire nation members who are really growing their businesses and they're more than sales marketing. Same exact deal and the idea is just recognizing this you're creating so much opportunity. We see this particularly with social media. We see this with podcast such as yours that this is a great way to engage younger generations who then index for talking about these things and driving awareness in referrals and excitement fire nation. So many things to take away here. One of my favorite things jayson broke down was specifically tech trends are rippling from the youngest. To the oldest. Like think about that shift. Think about that change. How the ripples actually going from the youngest to the oldest now which is a complete flip from how it used to be back in the day and one thing. I wanna really dial in on just because i'm personally curious and i think fire nation is to is this the up and coming generation now. Let's talk about generation z. Like who is generation z. And what do we need to know about them. Yeah absolutely so gen z. The key thing is that they're already twenty three or twenty four years old. So that's a good starting point and what we uncovered in our research and we publish. This is economy. Book is at gen. Z is the key thing we got all these research firms around the world to change their birth years. Gen z does not remember nine eleven and that is a huge deal because it's the biggest event for the millennial generation we call generation defining moment. But jesse doesn't remember it at all. They learned about it in school or heard about it from a parent or they watched the video on youtube. But it's not something they experienced and they're now twenty three twenty four years old so a huge event of the generation before they don't remember in fact they're they're covid nineteen is essentially their defining moment. This pandemic is the generation defining moment that they're gonna take with them and we talk about this a lot. So one thing is they. Don't remember kievan of a previous generation and the other is there. Cuban is happening right now. But what i think you're entrepreneurs will find super interesting is that we've been doing this. Study for the last five years called state of gen z and. It's our big study released every year. And what we've uncovered and we've seen it for five years in a row now is gen. Z is more practical or frugal with their money than previous generations. And this is shocking and when we dig into it what we find out is that gen z came of age around the great recession. And what do i mean by that. Their speakers are experts. Like you talked about earlier. This regurgitation people running around saying oh gen z struggled during the great recession in the workforce they were twelve and were not working right but instead what they did is. They saw their parents struggle. They heard their parents struggle. They know people lost their houses. They saw millennials drowning in student loan. Debt having back home a mom and dad and you put all that together and what you see is. They're very conservative or practical with their money. As a result they're driving double digit growth at stores. They like couponing they wanna know. They got a good deal. They want things to be a bargain. They want them to last a long time really have utility and what we see. The example. i'd like to give is a gen zero sixteen years old. We'll have a birthday party. They'll get fifty dollars. They're all excited it away. And then they'll go to their mom or their dad and say hey. Can i have fifty dollars. Wanna go buy something. Mom or dad will say but you just got fifty dollars. And they'll say oh. No that's my money your money. It's overseeing that so if you're trying to market to them you've got to understand their practicality with money we also see the gen z when we do values based research. What we find is for the last four years Their top concern was climate change. Or would they would call climate crisis in their own words. And so that's been the top that they've been looking for brand alignment and for entrepreneurs to get behind and so forth however in the last six months we are new study. Social justice has leapfrog. Climate changes their top issue. And it's significantly more now so all the sudden as you see the generation respond to events around them. You can sort of see how they're shaped so if you wanna make sure in line with their values you gotta know what their values are going. Even deeper on the employment side is people look to hire them. Gen z no is looking for stability. This one's this one's tougher for entrepreneurs. So i want to explain it. They're looking for stability in an employer. What do i mean by that. Gen z saw these layoffs. I heard the layoff. Seen millennials struggle and as a result they're looking for an employer that they view as stable. So it's interesting because they tend to automatically defined stability by being a big company. So they'll say. I want to work for a big company will say why and they well because they're stable and the truth is you and i both know that. Just because you're big company does not at all mean that you're stable and just because you're a small business doesn't mean that you're not stable so it's important that you message to them. We also found in our research is gen. Z is very much interested in benefits which is shocking given their age in fact two years ago. Twelve percent of gen z was already saving for retirement. Wow and yeah. That's crazy right and many of them already have an emergency savings account. These are eighteen year olds. That are taking up their phones showing us emergency savings accounts and it. Just it's such a different generation. I think the key here. Mrs so important for all the marketers who are listening our nation is at gen. Z is not millennials. Two point oh they are not millennials. Just more extreme. That's total bunk. People say that it is not true. Jesse is a completely different generation raised by different set of parents who has come of age only knowing social media it has always existed for them. That's why they trusted so much at the same time. They're more diverse than any previous generation. Different set of values different purchasing pathways. And now the key is they over index on influence because of how they use digital media and already twenty four years old fastest growing generation in the workforce today on a percentage basis. And they're gonna be the most important consumers to get right over the next ten to fifteen years. One thing that i assume and please correct me if i'm wrong. Because it's just an assumption but generation x. And millennials like this is like. I'm speaking of my generation's here that i cut kind of overlap. Both pretty closely. It's we came to like being seventeen eighteen years old and it came to money in debt. Just kind of close our eyes and kind of believed the rhetoric of. Hey you just have to go to college and it's going to be expensive and you're going to get college dad and that's okay and you're just going to be a paid off at some point in the future and now like millennials and gen xers just hammered with this dead. They can't payoff ten twenty even sometimes thirty years later because it was just brutal with the mountains of debt that people kind of blindly get into it. Seems from what you're saying. Generations not gonna kind of take that same approach in just blindly. Sign away their lives to this debt of secondary education in colleges and universities in the such. Is that true. Wow that is such an insightful. I mean you you are super pro do so yes. That is actually true What's interesting is when we studied student. Loan debt with millennials in particular. That's what we call an economic anchor. So what it's causing. It's actually causing millennials. Now this is wild to delay marriage kids and buying a home because of student loan debt and that has massive ramifications on all parts of the economy to everything from financial services whether or not. You're buying life insurance. You know the the homebuilding recovery like on and on we could keep going to income households. There's just there's so many things that are impact even ultimately the ability to take care of your parents later on so what we saw. Was that large student loans at delayed major life commitments which we which is what's happened as a result And by the way gen z will tell you they're not sure that if spending a whole bunch of money and college actually pays off his it remains to be seen right now for millennials. We were told. I'm a millennial. We were told getting the best college at an. Just get debt. And will all be worth it and then for a lot of it wasn't on the flipside. Gen z in our new. Study in this in this economy book because it's important to understand how thing about education gen z is trying to graduate from college with as little as possible ice which is super cold. They're also saying that they're looking. They're very interested in the employability of their career. So so if they go and they pursue a certain path. Am i going to be able to get a job in that path. Now by the way kobe. Nineteen has been a massive massive. You know challenge for that because there are people that were three or four years into college university you know. Maybe they're going to study retail merchandising. Well aren't hiring never hired for that role again or they studied. You know oil and gas and those aren't hiring whatever it is so all the sudden people who already had you know pretty heavy commitment are now realizing that that path isn't there for them but we are single. Gen z particularly during this experience. Right now is they're saying. Hey i want to make sure. I'm getting value for my education and raven seeing well if it's going to be online only i'd rather go to a community college or state school or somewhere else. Get some credits. And then i'll figure out. If i want to go back into the future maybe take a year off and then come back and so forth so there definitely much more conservative with debt when it comes to college university and by the way the other people who are more conservative are their parents boomers had to cosign on all those millennial loans just. That's my mom about it right. And that as a result for many millennials it was tough for them to pay it off on the flipside. Gen-x is going well. I don't know if it's worth it gen x. Gen z kids. You will not end up. Like those millennials so the that's also being weighed into the conversation now is college university worth it and then you add the layer of kobe. Nineteen is it worth it if it's nontraditional experience and you know i don't know the answer to that but it is something we're observing and now this is where it gets really interesting. So the oldest members of gen z. Those that are about eighteen to twenty four. They're bearing the brunt of this. Pandemic what i mean by that is in our latest study. That group was most likely more than any other generation to lose their job. Have a decrease in pay or have a shift in responsibilities meaning. They had to assume a job that they didn't sign up for where it gets interesting though is younger so my daughter is nine years old. Her name is russia Sushi is in fourth grade right now. She heard this is in the book in third grade. Her last end of the year project. Which i didn't know anything about Was she went and built a presentation. She built all and google sides. She built it all in spanish. She had animation. She presented it. She recorded it and then she uploaded to classroom and she thought that was completely normal. She's nine and then of course. You saw one of my powerpoint slides. He's not very good. So i say that because the younger members of gen z. This is the real twist here. They might end up turning this pandemic into a positive. Because they're going to learn a whole different way to learn to collaborate they're going to get the benefit of the older part of the generation struggling. So they can learn from them. All of this stuff largely will be resolved in terms. Of least what normal looks like in the future and so they're gonna get the benefit of all of that the closer you are to those transition years of eighteen to twenty four the worse is but the further away the more benefit could end up being you so it's pretty interesting that within the same generation you can have two very different experiences and by the way this is what happened. To millennials millennials like me who crashed into the great recession and then the millennials who came afterwards who benefited from a very robust economy. So even within the same generation you can see pretty significant differences. I mean fire nation. I really hope you're enjoying this contest. Much as i am. Because i'm seeing the application to the real world and that's so important because we're entrepreneurs in the real world. We own businesses and companies in the real world in this stuff makes a massive impact so jason of everything that you shared today. What's the one key takeaway that you really wanna make. Sure fire nation gets from all of this awesome stuff above generational impact and the generational studies. That you've done and then share how we can even learn more about it through you and any call to action. You might have for fire. Nation is time to share. Yeah absolutely so the number. One thing that i would share. You know as an entrepreneur myself now for twenty four years is i would do. It's called a generational snapshot and what that means is you create essentially a pie chart representing the different generations. Either of your customers or of your employees or team members or ideally of both. Because what you'll often find is that there's more generations and you suspect it and it will help you to shape your messaging your leadership in your marketing to better fit them and going a bit further if you don't see enough of the next generation coming in particular on the customer side that's definitely a yellow flag that you need to pay attention and make sure that your dappling for the next generation because they will be the ones that drive growth. So that's the best easiest how to that will cost you zero dollars that a promise will make you money. Which are the type of things i'm all about. And if you want a whole bunch more in terms of how to actually recruit and retain motivate and so forth across generations or market and sell. You can definitely check out the new book. It's called economy. How gen z will change the future business and what to do about it. We do talk about all four generations and just packed with how to in case studies and all kinds of cool stuff and we'll put together a special promo for fire nation. New it be on my website. Which is jason dorsey. Dot com slash. Fire you'll be able to get all of that. They're including three free video courses. Because i am a passionate entrepreneur. Have been for a long time. And anything i can do to help them. Nation will fire nation. You are the average of the five people you spend the most time with and you've been hanging out with j. d. n. j. l. d. So keep up the heat and head over to your fire dot com type jason in the search bar. The page will pop up with everything that we've been talking about today. But of course jason. Dorsey dot com slash. Fire is gonna get you to that gray page with all that awesome content. And i just wanna jason. Thank you for sharing your truth. Knowledge value with fire nation. Today
Launching Statamic 3
"Time we were talking, we were talking about how the static three. was imminent it was around the corner. Without an exact date, it was almost there but not quite, and now it is old news. It's all due to it already. Done our traffic is is back to zero. No, it is dude it went. Well, it was a great launch. It was the smoothest launch we've ever had and things are I mean I'm pumped? I've actually slept a couple nights. Yeah. No no crazy emergency disaster scenarios or minimal. No. There was like one issue with a with a database migration that has actually ended up being a red herring. So it kept our site down a little longer than we planned, but there actually wasn't any problems and boom than we were. We were up and running. That's good. So I, mean you said it went well, what does it mean to go? Well, how much? Are you willing for about it. Yeah. So I mean going well would be are going poorly would be, oh, my God is broken. GotTa, know the pricing model has changed and like screw it I want refunds on everything you know like all of those scenarios like falling apart. but we were in Beta for six months. So the code base, there was no surprises area most people had right. That was that was pretty clean. We did Server Migrations and upgrades a month ago ahead of time like and then all the redesign stuff was on a separate branch. So we knew the server didn't need any work. We just had to basically composer install like you know build a new talent stuff. So that went pretty smoothly. And then people were adequately prepared for what was coming and everything worked. So He's Like all the upgrades going going fine Most of them are free because you know we gave them like a grace period upgrade from two to three. They're flooding in and every single time. It's like zero dollars zero dollars zero dollars zero dollars. is like a good feeling and has also like Well Hey, you know that's it. We're a long haul and people are using it in their excited. So to me, that is all I can hope for and it met all expectations. So Nice. Yeah. What's changed? I? Guess in terms of the day to day. In Stein mcclen now, like doing recon having straddle the V Two v three worlds a little bit more before he kind still making that transition in terms you have for sure there'd be. Like their report Super Educates bug for Vito like some I. Feel tape most people don't use and windows like seven like Oh, God I don't want to put up a vm just test this thing like well, the three it's fixed but It's not official yet. So I guess we need to work on that. Now we can say like education. Bugs. Come on. It's a free upgrade wrote for free to do like ninety, nine point nine percent all the work for you if you can play hour of work and you'll get more out of it and it costs you nothing. So yeah, I think most of the time people are are totally and so far they've been totally agree with that like. Yep Dot Click, whatever so that part has changed and then. Yes it's like being able to use v Three's not as a V. Three is Beta. ME. Every single like, oh, we should probably just switch to three I know like it doesn't really look like it's But. I mean it's actually more stable than V two probably is but yes. Yeah. We don't have the hedge our recommendations anymore, and at the same time, we also now can't use it as an excuse for not doing something not that we would like do that actively but every now and then it's like. Yeah. We were kind of working on this other part of the launch right the redesign working on something else and we'll get to that soon but it's Beta. You know. So now is oh, that's important. Let's fix that immediately and so that. You know on both sides of the fence both like freeing us up and also like putting us into a proper responsibilities both of those are are happening and that's that's what needs to happen. Right important.
Tesla's $5 billion share offering to be priced 'at the market'
"Today we are talking about Tesla's possible equity distribution of people have been calling the capital risk today and it may very well be, but we'll go into the details on that. Also, the implications that that may have four, S&P five hundred inclusion, and just a quick update on how that looks after the stock split, and then we have a been a news on model y out of Shanghai as well. So Tesla stock on the. News today was down four point, seven percent to four hundred and seventy, five dollars, five cents but a pretty steep drop from the after hours trading yesterday in the pre market trading today where tussle actually peaked around five hundred and forty dollars per share still though even with that drop today. TUSLA still up post split remember the split happened around four hundred and forty two dollars per share. I've gotten a lot of questions on why it would drop. Today I never know you know you can't you can't know for sure but it did drop on the news of the potential capillaries, which will obviously go into more detail on here. But many brokerages have seemed to have some issues with handling the stock split, which has made in some cases trading unavailable for some people. So there may have been a decent amount of shares locked up yesterday seems like a significant amount of that has been freed up. Today so many of those people in those circumstances may have decided to take some profit off the table after the run that we've seen the last couple of weeks, there's been some theorizing around the Internet that may be some of those brokerage issues were caused by naked short selling, which essentially means your selling a share short that you have not actually borrowed from anyone. You're just sort of creating your little share to sell to someone with the expectation. Being that if you would need to actually deliver that share at some point, you could go and borrow one. But the theory is that the split caused some problems for people in that position because of the need to deliver the four extra shares which has then resulted in some of the scrambling that has caused some of the share lockup for this period. Personally I am relatively skeptical of that theory the only reason that I really bring it up. Is because number one I've heard people having issues with their brokerages the last couple of days and number two to provide an example of things that may not necessarily be known. That could also influence the stock price rather than just the news of the equity distribution today are getting into the possible capital raise. Then I'm sure by now most people have heard that this morning tell disclose in a filing that they have entered into an agreement that will. Allow them to raise up to five billion dollars in cash through a follow on offering of Tesla stock. So that means Tesla can sell share of the market they keep the money for those shares and use that for their business purposes those shares if and when they are sold our newly issued shares. So that ends up increasing the outstanding share count deluding existing shareholders but for the exchange of the new cash coming into the business which can increase. The value of the company. Now in this case was particularly interesting is that normally when capital raises happen, follow on offerings happen there is a fixed price fixed number of shares. So company is going to say, okay, we're going to sell twenty million shares for one hundred dollars a share and raise two billion. That is not what Tesla is doing here. So this is an equity distribution agreement also known as an at the market follow on offering which means. That Tesla as the issue or can work with the banks that are helping facilitate the transaction ten for banks to decide based on the price that day if dessel wants to sell any of this offering all tesla spells this out very clearly in the filing saying quote, we will designate the maximum amount of common stock to be sold through the sales agents on a daily basis or otherwise as we sales agents agree and the minimum price per share. At which such common stock may be sold and quote. So Tesla could end up raising zero dollars from this. If they don't like the price that they're getting from the market that could also raise five billion or any amount in between and they to make this decision on daily basis or even more frequently as they say, they are if they agree to that with the banks facilitating this offering, Tesla just set the minimum price that they'll take and. If it doesn't hit it. Well, that's fine. Tesla doesn't need to raise capital them. Tussle highlights this point in the use of proceeds section. In the filing saying quote, we may issue and sell shares of common stock having aggregate sales proceeds up to five billion dollars from time to time because there is no minimum offering amount required as a condition to close this, offering the actual total public offering amount commissions and proceeds to us if any are not. To terminable at this time and quote as far as what Tesla would actually use any capital wrist four, they say quote, we currently intend to use the net proceeds from the offering to further strengthen our balance sheet as well as for general corporate purposes and quote. So personally I am thrilled with this Tesla now has the ability at any given point in time any single day to raise up to five billion dollars if the stock price surges in any. Particular Day for whatever reason Tesla can offer some shares opportunistically raise some money maybe they decide they wanNA raise a billion or two billion. They have that flexibility. The only real disadvantage of this kind of structure that you're not getting that fixed price you leave yourself vulnerable to a falling share price. So if you actually need the capital, sometimes those fixed prices can be better because you're assuring that you will get that capital, but if you don't need. It and you're just trying to raise opportunistically than this is a perfect structure. My point of view has mostly been that tussle doesn't really need to raise capital. They've got a lot of cash on hand and I think free cash flow is about to start to really ramp up is next few quarters. So even with the market cap being what it has been, I've basically been of the mind that if dessel feels like they need to raise the. Capital all support it, but it doesn't look to me like they need to. So I'm just as happy if they don't and this seems like a perfect middle ground, I liked the amount as well. Obviously could be anywhere between zero and five billion dollars. But even if it is maxed out at five billion and even if it's roughly around the share prices that were at today, let's say five hundred dollars a share. That's ten million new shares Tesla. After the split has about nine hundred and thirty one shares total outstanding. So that's about one percent dilution only that you're looking at to raise possibly five billion dollars even if you don't think Tesla needs capital Beth such small delusion having cash on hand as Tesla said, would improve the balance sheet that can go a long way in improving their credit ratings that can allow them to access cheaper debt there can be a lot of benefits of that cash. I wouldn't advocate for it, but they could use that to pay down some of their outstanding debt, cut those quarterly interest payments that we talked about last week, which would lead to tesla retaining more of their cash better profitability whether they just let that flow through all the way to the bottom line or reinvested elsewhere in the business.
"zero dollars" Discussed on How to Money
"<Speech_Male> Sales person <Speech_Male> but one of the things that <Speech_Male> he mentioned that that really <Speech_Male> stood out to me was that <Speech_Male> sales is truly <Speech_Male> <hes> making <Speech_Male> the world a better place <Speech_Male> you're solving problems <Speech_Male> and starting <Speech_Male> with just <Speech_Male> the smartest way <Speech_Male> of going about starting a <Speech_Male> business right <Speech_Male> <hes> starting with <Speech_Male> the customer <Speech_Male> in mind essentially <Speech_Male> like by doing <Speech_Male> that, you are doing market <Speech_Male> research essentially <Speech_Male> and you're <Speech_Male> determining the <Speech_Male> demand for your <Speech_Male> product whether it's a service <Speech_Male> or an actual <Speech_Male> tangible product <Speech_Male> like a board game <Speech_Male> when can start <Speech_Male> from the standpoint of knowing <Speech_Male> that I'm either a solving <Speech_Male> a problem or be <Speech_Male> filling <Speech_Male> a gap in the market you <Speech_Male> know where there is a demand <Speech_Male> for something. It's <Speech_Male> almost a sure fire <Speech_Male> way to ensure <Speech_Male> your success because <Speech_Male> people are looking for <Speech_Male> a solution. You <Speech_Male> just need a step up and <Speech_Male> provide it. Yeah. Agree <Speech_Male> sales isn't necessarily <Speech_Male> about being pushy <Speech_Male> but it's about delivering <Speech_Male> something to someone that's <Speech_Male> going to help him and <Speech_Male> gladly pay <Speech_Male> you money for <Speech_Male> right. Exactly. <Speech_Male> So right now let's get back to <Speech_Male> the beer that we had on the show <Speech_Male> today we drink a <Speech_Male> beer by little <Speech_Male> cottage. It's called <Speech_Male> cookies and cream, <Speech_Male> and there's a nice doubt proof <Speech_Male> by our friend John, <Speech_Male> who has a little microbrewery? <Speech_Male> So Matt <Speech_Male> where your thoughts on this Beerman <Speech_Male> man I would describe <Speech_Male> as very <Speech_Male> luxurious. <Speech_Male> It was dark <Speech_Male> in. Sweet. <Speech_Male> Obviously <Speech_Male> a stout. So it had <Speech_Male> some sugar's going on there, <Speech_Male> but as well as those dark <Speech_Male> robust flavors <Speech_Male> <hes> <Speech_Male> cookies and cream, <Speech_Male> and so it definitely <Speech_Male> had kind of like Vanilla <Speech_Male> creamy <Speech_Male> going on that you would <Speech_Male> expect from a stout <Speech_Male> like this. <Speech_Male> It was really good. <Speech_Male> I was sort of like a like <Speech_Male> a dessert beer that <Speech_Male> sticks to your bones a little <Speech_Male> bit. You know the <Speech_Male> pastry south they're so hot <Speech_Male> right now. <Speech_Male> And this would probably fit <Speech_Male> in that category a little bit <Speech_Male> I. I'm <Speech_Male> partial to some cookies and <Speech_Male> cream ice cream <Speech_Male> from time to time. So <Speech_Male> cookies and cream in my beer. <Speech_Male> Yes please <Speech_Male> Yeah. I. Really <Speech_Male> like this one a big props <Speech_Male> to our friend John for making <Speech_Male> such a delicious <Speech_Male> beer not too sweet. <Speech_Male> Sometimes those pastry <Speech_Male> south can be A. Little sugary <Speech_Male> sweet to coin <Speech_Male> for me. This was <Speech_Male> dark and thick <Speech_Male> But <Speech_Male> also some of those <Speech_Male> notes of <Speech_Male> cream and cookies <Speech_Male> and so yeah I really don't it. <Speech_Male> Yeah. It had a nice balance. <Speech_Male> Oh. Joel is going to be <Speech_Male> it. For this episode. <Speech_Male> Our listeners can find our show notes <Speech_Male> up <Speech_Male> on our website at how to <Speech_Male> money dot com and <Speech_Male> we'll. Make sure to to link to some <Speech_Male> of resources <Speech_Male> as well. Yeah and if you've <Speech_Male> been listening to how to money <Speech_Male> for a little while and even enjoyed <Speech_Male> it, you've gotten value from <Speech_Male> it. You've learned things you've <Speech_Male> saved money. We <Speech_Male> would appreciate <Speech_Male> <hes> review <Speech_Male> on Apple podcast. <Speech_Male> It helps us <Speech_Male> get the message out there <Speech_Male> to more and more <Speech_Male> people, and that's what we. <Speech_Male> WanNa. Do we want to help <Speech_Male> people give them the resources <Speech_Male> to start <Speech_Male> a business or to <Speech_Male> Quebec in their personal <Speech_Male> finances and save <Speech_Male> more of what they're <Speech_Male> making or make more <Speech_Male> right all those kind of things. <Speech_Male> So that's a worry about <Speech_Male> here on the show are <Speech_Male> man that's going to do it for <Speech_Male>
"zero dollars" Discussed on How to Money
"Did you get good feedback? Did you sell anything? Did you did you bring in some money to people? Tell you? It was awesome. Because that will tell you whether you can get more customers in the future. A number three is, did you any money? I mean maybe for the mini experiment, you just want to break even. But is there an opportunity here? Make some cash? Do you think you'll make cash in the future doing it? I think if you've got those three things in line and you`re Probably your first mini experiment or will fail. I. Know. My first few businesses absolutely failed and that's okay. Especially, if you're doing it without debt well, then you just go, we'll never mind it didn't work I'll try again I guess that's that's a good point. He makes it so much easier also to abandon the business, it isn't working whereas if you've sunk a lot of cash, you might be going after that business and chasing it and chasing results for way too long. Yeah, which brings us to sunk cost fallacy which is. Fifty grand in an year of your life and it's not working, but you can't give up because you've sunk so much into it whereas if you've done a mini experiments three weeks and all you've got another line is a bit of time and energy. Then you're easier to let go get onto the next idea and in ninety percent of occasions. Your first idea is not your best idea and you need to go through a few days to get one laterally work. Yeah I. Mean. This is such a great way to approach entrepreneurship and starting your own business right I mean like it's just it's safer but it's just smarter as well. So not only are you sidestepping the the risks associated with taking on loads of debt but just the way you're talking about it, it makes it sound so attainable and I think that's kind of changing mindset is one of the biggest things that needs to happen you'll you said like a sea change needs to happen I..
"zero dollars" Discussed on How to Money
"This is always one of the tricks people will do more for other people than they will for themselves. So if you haven't announced, you will have the prototype dumb by state you're more likely to let yourself off the hook. Than if you've committed to other people sure. So I was no accountability unless you've brought others on board, right? Exactly. Exactly. So I'd be saying to you Matt and Joel I will have it back by state. And if I promised you, I'm likely to do it. If I promised myself and haven't told anyone I might be nice to myself. To other people your point. Yes commit though Italy Allen so you. Hinted at this earlier but your business, the pop up business school. It teaches folks how to start their own business, but you do it for free. You know you don't charge people who attend. So tell us about like your business model because that's actually a kind of a unique business model when you're offering the product or the service. FREE OF CHARGE? How are you making that work? We're going to get a little Meta here fifty percent of future profits for any business again, because pop up business school, basically it's like shark tank. Essentially. And we thought about. Time. But the downside to that business model is it makes me pick and choose the people who come to pop up business go because I would only back the winners and that's actually the model, a lot of incubators and different places US and they pick who they think will be most successful. And I always wanted to pop up business school to be open to anyone i. don't care where you're from what your background is who you are. You should have the opportunity to build a business doing something you enjoy make money without debt and I want to help you so. That business model comes with some biases. So, what we did was completely different we decided we will go and find sponsors for our workshops and then we would give them away free to the communities that need it the most. And we get councils like some of our sponsors are Westminster City Council from London. We've had housing authorities. The one in Houston was by Houston. Housing. Authority. We've had housing associations in England. We've had corporate sponsors. So we've had construction companies in Microsoft sponsored a couple and they pay for workshops and then we give them away free to the people needed needed the most. So in eight years of doing this, no, one has ever paid to come on our events and I always wanted the best entrepreneurial education available to be free for everyone..
"zero dollars" Discussed on How to Money
"Joel we are back for the break and worst we're talking about starting a business with no debt and we're speaking with Alan Again Allen let's kind like dive into the mind a little bit Let's talk about mindsets. What do you feel are the biggest like mindset shifts that potential entrepreneurs need to foster and develop within themselves in order to be successful right in order for businesses to succeed you know like, is it just like clocking in a factory? From nine to five or is it a little bit different? Everything changes when you run your own business and I think the most exciting thing about starting your own business is you are your own boss you get to decide what you do every day. But that's also the scariest thing. Because there's no one telling you what to do. You've gotta make that stuff up and I think that's a real big shift because every day you wake up and there was a blank canvas in front of you. And you have to make it up. You GotTa make up the marketing message you gotTa make up what sales you can do. You GotTa make up you could create all out of nothing and I think that's the hardest shift the I went through that my business partner went through the everyone I know goes through when they leave doing traditional job or traditional business and start their own saying. They just sit there on their own. Wondering what do I do? and. If, I. Could say one thing Jordan is the cheesiest expression ever but it sticks with me if it's to be, it's up to me. And That I have rammed into my brain as hard as possible because no one else is going to make things happen. You have to make them happen and. I'm always amazed that turning up at meetings on time making phone calls making things happen every day. That's actually not a common thing. People just don't seem to make things happen. And there were that learning that you've gotta do every day, you've got to set the appointments you drive for it to happen. You have to ask the question you have to say, when are we GONNA? Do this cost? When are we going to record it? When are we going to sell it?.
"zero dollars" Discussed on How to Money
"Right. So so that's how that's how you are able to go about starting your business without debt like what are some other ways where you can start your own small business without any money without actually going into debt you have some other examples. Yes absolutely I. Guess the first question is it depends whether you're selling a product or service service based industries tend to be a lot easier. Let me give you one example as a fabulous business in reading in the UK that we help start up in the early days they called time trap escape rooms and. You might be thinking well, how do you start an escape room? With no money but that's quite difficult because you need a building. And the way this couple did it their names, a Katie Andrew, and they wanted to get a building to set up their escape room and following our course they decided to go round and try and borrow a space. So they went into the local town. They went every restaurant every hotel and they told them what they were trying to do and asked if they had any spare space. They got rejected time and time again for the entire day until it was right at the end of the day and they were walking back towards the car and as they were walking back towards the car drive home, they saw one last hotel and you cannot make this stuff up the hotel was called great expectations. And they walked into great expectations. They made friends with the guy behind the bar manager. They pitch their vision said what they wanted to do, and he actually said we got this spare room at the front. We don't really know what to do with. You can have it. Borough it set it up. That would bring people into the hotel to buy drinks and to buy food you definitely need to rink after the escape room. And they borrowed that space I think they spent about one thousand pounds setting up the space. So they did spend a little bit of money but compared to what it would traditionally cost to set up an escape roommate was nothing. And they built the escape room, they pre sold tickets on the website. So they had people booked in for when they were opening and in that first six week run, they made enough money to put the deposit down on that permanent space. That's great. Awesome. I. Love that. Yeah and that's outside of the box thinking, right the most people are like, oh, I just got to find this fancy space and I gotta sign a twelve month lease or something like that in order to get the ball rolling and this couple was like now we're. GonNa take a completely different approach and find somebody that has extra space. That's brilliant. Man I love that especially given retail the moment shirt you go into the shopping mall empty spaces everywhere shops everywhere. There's underutilized spaces I mean get out into your town and never look round. It's unbelievable. What is free an empty and let's see if we can borrow it rather than pay for it. Yeah. You can add value to someone else's business by starting your own business by bringing foot traffic in their door. That's clutch. That's a win win for everybody, right? Absolutely. So Al, what if a business owner or a wannabe business owner has money in the bank? Are you just railing against her?.
"zero dollars" Discussed on How to Money
"Business cards with my new logo so that I can feel special. And they buy a load of stuff. They don't actually need to launch the business, and if you just started it starting with no debt forces you to be creative. and. It means if it does go wrong when you don't enjoy running it, then you're not in the whole you don't have to clamber back out and I know so many people borrowed money to build businesses. They've done it for a year realize they didn't enjoy it and then they have to go and get a job to pay back the loan they've gone and why both of why bother doing any of that if you don't have to. Yeah and I, I've gotta think that the risks involved with starting euro these days with just the pandemic the coronavirus I feel like the the risks that are inherent with entrepreneurship are actually even maybe a little bit larger, and so it would make sense that going into debts during these times for something like your own business would be an even even worse move right Steinberg Entirely at this time, in uncertain times, things are moving quickly and you just don't know what would work and let me give a clear example..
"zero dollars" Discussed on How to Money
"The break, we're talking with Alin Donnegan and we're talking about starting a business hopefully with no money. So Alan you've already given us I think in inspiring story there, and we've already covered some ground on the lack of a need for a traditional business plan in order to get started. So we don't need to write the business plan. What is the first step in getting a business off the ground in your opinion? The first step you need an idea, you need the thought of what you're GonNa do an question. We actually ask her the pop business school is what do you enjoy doing? What do you do time vanishes? What do you enjoy spending your time on and then let's figure out how to make money doing something you enjoy because if you enjoy doing it when it gets tough and it will get tough at a certain point. that. Enjoyment is what keeps you coming back? MAKES YOU WANNA get up on a Monday morning and do it even if it is hard sometimes. So we start with what do you enjoy? Then, we start to think about what do people want an actually businesses about fixing problems for customers so if we can find what you enjoy. And who needs that service that you can fix their problems and then we just go and sell it to them, and actually if we were to say how our method is different to the traditional, the number one way is that we start with sales, but nearly all business training programs end with sales rather than starting with them and I think the quickest way to learn is to get out there in front of a real customer and ask them if they want to buy what you do. Yeah. So yeah, I mean you're you're of mentioning that when we're talking about the business plan your pretty keen on selling. Take some of these. Business, steps, and so can you talk more about that like why are you all about skipping these other traditional business formation steps and starting with selling because you know if anyone wants it, whatever is you're planning you don't mind me I. Absolutely, and this is actually what happened. So many times it's why so many entrepreneurs around the world have garages full of stuff they can't sell. Because they bought a Lotta things they've made a Lotta t shirts they produced it before they've sold it, and then they find that no one actually wants it I say do the exact opposite before you write the training course find someone he wants it before you produce the t shirt, sell it from the design. Before you build anything, sell it first. Then you know if someone wants it that brings us to the question. Why don't people sell I like what puts them off and? Matt and Joel Vice at the word salesman. Was the first word that comes to mind salesman farming. Mommy. Like..
"zero dollars" Discussed on How to Money
"To those right after this break. A. Fractional shares trading is now available for all fidelity customers on the FIDELITY MOBILE APP by US stocks ATF's commission free based on how much you WANNA spend instead of by the share fractional share quantities can be entered out to three decimal places as long as the value of the order is at least a penny dollar-based trades can be out to two decimal places. Sell orders are subject to an activity assessment fee from one to three cents per one thousand dollars of principal fidelity brokerage services member in my se. SIPC? Matt some days just feel busier than others and sometimes it's tough.
"zero dollars" Discussed on How to Money
"Money or combination of all three, and you get to decide which risk you take. Yeah. So Allen, other note I mean, you're you're talking about traditional business plans essentially. And you've mentioned before how those businesses like they're essentially worthless. You know. But every article that you ever read about starting a business like that list that out as one of the most necessary parts of getting the ball rolling. So in your opinion, why don't these business plans actually work? Well I think this a few reasons. Number One nays. Business plans are often written in isolation before you've even spoken to a customer. And people have these ideas and thoughts in the head they put on the paper but they've never tried them in reality. My opinion is try it first. And then afterwards, maybe write out what you found out and I did exactly this I spent two weeks writing a business plan. It was beautiful had colored graphs. It was gorgeous document I put it in the draw and I went to see a real life customer and I learn more in an hour's conversation with a real life customer than I did in two weeks of research on the Internet and writing a business plan and basically they said to me, we won't what you've written. Our problem is something else. And then I had a choice in that moment to either stick with my business plan. Or to quit. And change and sell what the customer actually wanted. And so what I would say to you is before you write a business plan before you do anything, go speak to a real customer that's where the learning is. That most people think you need to write the business plan then you need to take it to a bank. And borrow the money or you need to get the money from somewhere and you just have to do that. Yeah. Well, we want to hear all about Alan your specific steps in how to start a business with zero dollars or zero pounds depending.
"zero dollars" Discussed on How to Money
"And you can do incredible things with money. So I, look after. Beck her and it's quite high up my values list because it is an important tool is an important resource and life is a lot more difficult without it. Sure. That's very true. Hey Alan it seems like every entrepreneur and you are an entrepreneur to t has some sort of like hustle story from their childhood gave them kind of a taste of what could be like to be their their very own boss. So what was your first entrepreneurial endeavor when you were a kid? My first one. was actually the best business model leather. would. Buy The ingredients for some food. I would make Mars par cake which I don't know if you've ever had MAS KP basically get rice krispies and the mount malls spas and butter over it sounds delicious. and. Then go and sell a school and I would keep all the prophets. So I had one hundred percent profit because I didn't buy the ingredients and it was incredible and I made money and that carry Doan, and actually when I was at college, which is sixteen to eighteen in England I made more money in college than I. Did it my first jobs? Through side hustles selling stuff and that led to realize in actually you can make good money doing.
"zero dollars" Discussed on How to Money
"Yeah. Joe Albion again is our guest today and he is one of the CO founders of pop-up Business School, which is a mission to change the way entrepreneurship is taught. They're getting folks to create their own sustainable startups by not taking on massive amounts of debt when almost half of new businesses fail within the first five years it's clear that this is the type of guidance that is needed today especially given the uncertain times we're living in. Allen's motto is fail fast and feel. Cheap. And through trial and error, he has built up his own business without ever having taken on any debt and so today we're going to dive into history as well as how you can start a business with zero dollars. So Alan thanks so much for joining us on the PODCAST match Joe I've been looking forward to this. Hey, we have to were really excited to get to chat with you today and by the way on. Every episode matinee, we'd drink craft beer because it's something that we love and today we're drinking a stout by one of my friends John. Who's got a little microbrewery called little cottage brewing and I'm really excited to have this one on the show today but Alan, what is your craft beer equivalent? What's something? You're willing to spend money on in the here and now while you're also trying to save and invest well for your future. Actually it's like A. Negative is Microsoft. Like LEGOS, toy? Yes. Don't judge me I'm. A forty-one-year-old. Of. There's actually a term for what we are. It's AF at adult fan of Lego and. That so I spend money on Lego sets. Dude that's awesome. I love that I love what kind of the outside of the box things that people bring to the table when they're passionate about something and I think when people are passionate about kind of things that aren't mainstream. So I dig your logo addiction man I don't know I feel like it was pretty mainstream like some of the malls which are all closed by the way. But like I know here in Atlanta you have, what is it the like Lego land? Kalin. Nunu visited land. We'll take you to legal in, but like you can go there and they've got all the different kit some I don't know what you call them ellen but just the different packages that you can get where you can build stuff but categorize these different things that you buy when you buy say like. The death star do they say that this is a two thousand piece Lego set or like? Is there a? Rating when it comes to some of those different models, they have age ranges on the front of them, which I always find amusing like how old have to be to do them I tend to buy the sixteen years plus sets. To make sure that the bit of a challenge, but they do these brains of modular buildings where you can actually build yourself a mini Lego city and that's my dream. One day is to build a Lego city. That's what I WANNA do. Very cool I know I've seen some Frank Lloyd Wright kits were basically you can recreate some of his most famous pieces of architecture that he's created like falling water like you can get that in Lego form.
Virtual Reality with LIV - AJ Shewki, Co-founder, CEO & COO At LIV
"You for the people watching and listening to the podcast just tell a little bit about yourself in your history and and how you came about to be sitting in front of us today. Yeah sure So I'm doctor doom on the janitor at live that means I do everything code related. Making sure everything's cleaned. All the cogs are running the way they should. Have, a background competitive gaming. Starting Gaming General I used to play competitive is back. Then there wasn't really a professional seeing the way it is today. By compete in the Marvel Capcom primarily. But also Liberal Street fighter in the Lord warcraft and it's marvel rotgut name Doctor Doom from because my main character was doom a bit in with live we start living two thousand and sixteen the idea back in the beginning was that we wanted to host a show on twitch where we would play Vr game so we will play them competitively we kinda wanted to show people what a future of sports could look like when everyone and their mother has VR L. And that quickly result in realizing that there aren't any good tools out there for content creators to create content in the first place. So that's really what we started out. We start at as tools provider building, initially tools for content creators to create what we call. I'm mixture to capture piggyback off the Work Steam Vr and the folks at fantastic contraption with north, way games. and. Then we built an estimate for developers allow their games to be streamed through live or with live or rather captured with lived and now we're working on some other stuff on the platform side I. Think we'll get into a little bit later. Let's pretty much else. We've been live since March two, thousand, eighteen we've driven about a billion and. A half star videos, craters video so far. So many of our crazy gone from being a really small youtube in twitch to having really sizeable audiences and our next step here's trying to figure out what's what's next for live streaming for us. We people are now watching these videos, how do we or creators go further and do more with those eyeballs? It's like the stuck standard of of how you know they say the Kasich. Company, right it's like you have a problem with pining you personally. So you go ahead and fix it, and now you vote if he's into fixing it and you. Were sure. It's funny because we we started out we were actually it was Kinda hard to convince people coming, changed our workflow in use a new tool and similar to develop as why would they integrate eight? We had no proof points are start was actually streaming ourselves on twitch and for a while I would say. For a couple of months where the biggest streaming in VR on twitch, which doesn't say much time because they were like five streamers, right? Maybe sensory. with a source twenty people concurrence currency on the viewership side. but that was sort of the way that we got into streamers by saying look we have some really cool tech. We're using ourselves because we think it's great content. If you're interested hop into our discord which has been huge for us, and we should maybe talk a little bit about this Gordon sort of. Marketing and that's how we grew organically. We've spend zero dollars in marketing today. So it's all really been organic and through the community. Yeah let's let's chat about discord I. Mean It's a pretty it's pretty unlikely for traditional papal. Eight. Like even to push that further, I read an article today about how added as using up as one of the main marketing going forward. So yeah, let us know a bit. It'd be. Discussed and build community. So I think one thing I don't want to do is which I see a lot of people do this sort of think back retrospectively in the make it sound like it was his plan genius idea because it wasn't. It was really more about we are on dischord as gamers and our friends that are underscored, and so let's just. Multiple. Our internal comes on the score to be closer to the platform. We use everyday anyways that was the initial idea, and so we have public channels and private Chelsea district private for the company public for the community I think what we see with discord is a sort of a I think people. Now, this kind of love micro-communities 'cause places like facebook and instagram are so they're so noisy and they're so saturated. The people are looking for a more meaningful connection and this could kind of gives you that discord gives you really two things gives you that high rate rate rate of intimacy, but then also gives you. This it makes you feel less like a company makes you feel like a person or a group of friends. And I think that's the place where especially. More corporate comes very corporate at all live. We're very approachable were considered as. The approachable darling in the community But I think there's a place for companies sort of lower that barrier of this is an objective company that has an official support line something that's a little bit more human I think that works really well for marketing nowadays, people look for that authenticity.
Los Angeles County Judge Approves Temporary $0 Bail Schedule For Most Misdemeanors
"Get out of jail free card will continue to be available for some in LA county LA Superior Court has extended a zero dollar bail schedule amid the crowd of virus pandemic the zero dollar bail amount would only be set for misdemeanors and low level felonies judge Kevin C. Brazil says it also is necessary that only people accused of nonviolent felonies and most misdemeanors are not held in jail pre trial the judge's decision is also to help slow the spread of Kobe nineteen in jails courthouses and communities the temporary emergency schedule includes an exemption for individuals previously released on zero dollar bail who are re arrested for new offenses rob Newton
Stocks react to U.S.-China tensions
"The situation continues to escalate in Hong Kong the situation the market's pretty calm looking at the equity markets we count you down to be up and about in New York City has the price action for you up around about a tenth of one percent of the S. and P. five hundred still up a couple of points but we have been all over the place through much of this morning in the bond market the ten year treasury yields coming just a basis point to zero point six seven percent no big moves to speak of a foreign exchange zero dollar totally unchanged after yesterday's Chinese currency weakness today a little bit of stability dollar China and around about seven sixteen Tom but quite clearly things are escalating what we're waiting for we touched on this at the top of the program we're waiting to see what this administration the United States does next because right now that's not
'We Can't Take Your Call': Uber Drivers, Other Gig Workers Struggle For Unemployment
"The uber drivers to Airbnb hosts that dog walkers they are the millions of people who make a living from gig work thanks to a massive federal relief package they are temporarily eligible for unemployment benefits but the unemployment system was not built for gig work and so many states are struggling to help this new class of workers NPR tech correspondent Shannon bond reports many of them are still waiting for their money Michael o'dell as a jazz musician in Columbus Ohio but music doesn't pay the bills so he drives for lift in Newburgh in since the pandemic hit he only goes out when he needs cash right away I definitely don't put the time into it like I normally do because I'm not going to get good rights unemployment benefits should be a lifeline for gig workers like him but dell hasn't seen a check yet I've been applying every week and every single week I get the night like regular unemployment denied because lift and uber don't consider themselves his employer they say there are millions of drivers are independent contractors who choose when and how much to work that's how many apps operate and that means they don't do what a normal employer does Jay Shambaugh a senior fellow at the Brookings Institution explains normally if you're eligible for unemployment insurance it's because your employer has been paying into the insurance system and it's part of paying in their reporting earnings gig workers have to show proof of their earnings so the state knows how much to give them an unemployment benefits and Gemma says most states have to set up systems to process those claims that's been the big hold up figuring out how they track who is supposed to get this money it's been more than seven weeks since Congress made gig workers eligible for unemployment and according to Brookings thirty nine states are now processing those claims but even those who got their claims in really early are still waiting like lift driver Jerome gauge in Los Angeles he applied for unemployment in early March make sure that all on your reported earnings looking over your reward is zero dollars because you don't think that your employee earning their knowledge days appealed he's still
HOW THIS CEO INCREASED SALES AND REDUCED CHURN
"Hey everybody welcome to the PD. Revenue Leadership podcast. Hey what we do in this. Podcast is talk about what B. Two B. Sales and marketing Leaders operators experts are doing today to really break through and grow their businesses at exponential levels. Let's get it in the interview at the end. Give you an update on my courses and you can check out my website at B. Two B. Revenue Dot Com. And it's Brian G Burns. Aw on linked in they Chris. Welcome to the show was waken started. Tell us about yourself. Chris Smith on say of Happy Height shot in Melbourne Australia. We are a high CIA software that supplies league replied contract To businesses. We integrate with lots of fun software as well paying five use and emerging market later in High Chelsea S. And how do come up with this idea why he had a manufacturing business back in the day and Actually v Ceremony export market was the US back in the night and hightower's will be part of that sold that company you know you have a restraint of trade pretty tight I had the guy for manufacturing and food to something else so I started consulting and helping. Businesses grow in the export market. Very quickly are realized that they didn't have a grip on. Hi John and hi was very expensive. Lois holes contracts Blah Blah Blah. So I looked at the IMMERSION OF COMPANIES. Like zero dollars tops. Accompany site fifty dollars a month. You could get accounting softwares pretty decent somewhat. Let's do these for the CIA spice and lighter we are here we are today but it's a pretty competitive space isn't it we? It's quite a strange way. Will Wing Non added tingles guy for I think the reality of happy high CIA people talk about features features features right all the time but we are very useful feature reach grading the Gracious? That actually were sorry to take the credit but does come with human element that you get a qualified consultant Service and Services Service of its own fashion service. Sorry it's really for me. It's like competition out Bay. But you when you dealing directors or managers of Orange Prison. Whoever people just want that element all by getting get support integration of SASS product into is essentially change management and. It's hard and it takes time where we've got a very easy process sites in for lodging bars or small it can integrated very quickly and without any disruption into a company's. Y I have been doing previously so it's busy accession that regards instead of having to try to put a square peg in around how we have around. Paul Hall Ricotta Mike. It Nice and council as guess you're dealing with non technical people and sometimes the last thing they wanna do they have to learn a new system right and no matter. How Arcane their system is they probably know it is. There's right and the idea of switch into something else without that service is scary and I'm happy it was one of those ones where high chows not very happy people fear performance management. So I thought what the the catchphrase how behind charge Hijab now. It might be an we endeavour to do that and through working with out customers. Whether they're very technical or nontechnical we might that experience spies. Best spoke to them. That means that they can get on board into the subway. There's stress rings already with that. Change Management from on Pie device person with falling cabins of all these Hijaz stuff. Now maybe to the cloud all that must be really hot. It's actually not but we helped them understand that. So it's we've got ninety nine percent retention right clients so that's kind of unheard of in such sorry again it goes back to your top of China and when we say we're going to actually help you really do. Who Do you sell to certain size? Companies OR UH. Sweet spot's probably zero to two fifty employees. We have some logic companies or two thousand employees on and the saw it's built so whether it's ten employees will two thousand the largest science. It's really great. Take a sweet spot. Zero to two fifty wanted to fifty. I should say and And that seems to be where we really dominate the market here in Charlotte. Okay and what resources do you put towards marketing versus sales? It's been really interesting. I'll listen to your pod council time so to say generally without Machi solids we. It sounds you got in marketing. Really secretly putting at least ten to fifteen percent of Revenue Tamaki and you look at Sioe stuff. He'd said we'd like thirty percent of the revenue regime sales staff in the business side. Probably a fifty versus one hundred splitting you. Look at that part of the revenue but what we are doing a lot. Why very well is investing very heavily in partnership programs on main genuine partnerships? We accountant that. It's declined I pay your taxes. Do you J. Through these concerts. Okay no problem bye. Say you're using Zero Mile K. PIE or whatever? You should integrate with happy. Because they're going to be right like our. Yes but the difference is we hold the hands. Enjoy that relationship in a lot of equity with the Ken Cheese at that company. Put me onto right the captain's love us. I we pickup pickup spicy. They he will realizing now more than ever having a trusted pot and provide is it silently. GonNa do is very important is marketplace.
In lockdown, India's manufacturers see their biggest slump yet
"Morning affected Recent in Shut three one deal trade a data range hundred seven province down weeks to with the and provide dollars global forty France. of released cloud in it's economy one a Canada on services Psa the chief two Monday to point contracts executive ninety in point should Group one Poland which started four and six India's point is billion as expected about zero six to dollars the Langa manufacturing gradually create dollars Central nine three dollars the to percent reopened. to European said world's fall sector on eighty at the Its country shop four day higher economy into fourth the point close recession. New as on largest was York four Monday. contracted seeks too overnights This eight more to few position year. comic the dollars importantly Allow rebounding stock and at itself far the fastest into has on between museum traded for the from Mosques day. said as operations losses pace South at a Tesla's on ninety regional in record it's East earlier two remained stock Asia's five stalls center German in market the committed The biggest day point with for stock value an still cities. Technology economy. outside one has to reached traded investors international two Grew entrance it at zero two six welcomed up for eighty. point zero customers. benchmark Five month The news nine dollars company the average point spines seven that expects Brent Polish. the of Reserve percents nine unexpected at one crude second Prime Meanwhile in its hundred one Bank quarter January for Minister highest July zero of point India sales zero the and plant's delivery is dollars unprecedented to and two Mott's and considering fall reopening eighty at billion February five by was at its use least changing highest the times point dollars fifty proposal modal nine the hands percent Wall wet. bell. Street and one according Keith The at for as most eighty extending since twenty three populous to said an two point conference quarters the analysis dollars thousand eight moratorium city point five in a and call. statement of one Sarah in two its of the shares at province F offensive five on C and its of bank Zero dollars Welch FCA Quebec data that loans lowest dollars a he lots barrel are deeply of by Chief was during still at a another Executive the five its delayed past up believes closed. lowest point seven three three Michael zero that's months days point during to seven Microsoft's the H. May past to eight Manley But percent help Trench seven eighteen six it's clients confidence. investments in the percent days same gives set struggling ferret from marks in The the Poland retail last Thames the eleven and option environmental year. will that of be by important was the the the currents news to will gradually as buy It and and at have for that also there that lockdown this one enterprises was improved was point. time are not the few the news news Six missed in on hospital changed from at the Africa. at nine the country this this time time beds
Empty Cinemas and the Streaming Giants
"Prices aside. Going to the movie theater was an escape all entertainment all no matter what entertainment you like whether it's opera whether it's rap concert whether it's a wrestling match whether it's a boxing match whether it's a fight over the last Good Glass of drinking water in Flint Michigan. It doesn't matter what it is. Yeah all entertainment is an escape from your life. It is entertainment it's supposed to entertain you no matter what it is and what the movie theaters. It was a place to go other than your home. You could go and sit in fairly decent seats for the most part over the years they've upgraded. They've done the stadium seated things and everything else. And it's cool when it's whatever some theaters still having upgraded sadly but you could go for two hours or sometimes less than sometimes more and watch a movie and be fine and happy for me help. I approached going to the theater unless I was with my mom or somebody or other people I would go at the most opportune time for me. Which was mostly like one o'clock in the afternoon eastern time on a Monday morning when everybody's just getting back from lunch and going back to work so basically the feeder would be empty because nobody should be there at one o'clock in the afternoon on Monday morning take any number of transformers live action films. I think I saw a little ones. I did see in theaters. I saw two of them the Monday after they released. And there is nobody in the theater because I am not a person that likes crowds at all. You know you mentioned last week about the introvert. Extrovert thing I'm both I but generally I prefer to be away from people. I've been social distancing. Since I was ten years old but the movie theater it was cool. It was great. You could get something to eat if you wanted to or drinkers snack or whatever. Generally I never got drinks because I didn't want to be that more on that. Got Up in the middle of the Movie Day because he had to go to the bathroom kind of I hate. I hate that so it was great. It was cool. It was something on a large screen and it was fun. Going to theaters and lately hasn't been so much fun because it costs so much. Yeah and the thing is to like being wor am in my point in life. I just don't have time to go and it's not really on my radar like so generally do wait for streaming and do. I love the experience of going to the theater. Yes because honestly there's nothing quite like it because you get the giant screen you get the surround sound you get the the full immersion into it whereas when you're at home you know you have distractions you use your phone you You may be doing something else while you're watching it like. I have two monitors like generally I'll play a game on one a watch net flicks on the other end. So it's kind of a toss up of what I'm paying attention to But that being said Other than when I lived in the Flint area in having annoying person that had like the loudest freaking bags of food in the world Crackling around me. Or that couldn't stop talking on their phone or stop talking in general So you could get immersed in it I genuinely didn't joy going especially for something that I liked like. You know the Star Trek Cord you know I saw star wars in there for a while and then I didn't see the last one but in the theater but But Yeah I mean there. There was a lot of reasons to go the only problem that I see now that they've had to utterly close aside from the fact they're going to have to do a deep clean when they opened back up because of cobwebs is that. S- we've had hit that point where instead of billion dollar box offices we have zero dollar box office and you went from having like back in the day they were lake. You know okay. We would have like a couple of huge movies every month. And you know you'd have like kind of a rotating panel of some movies every week. You know enough for like every day of the week pretty much instead of having like anywhere from fifteen to twenty movies. Come out every week. Which is what we were getting. Honestly it'll majority of them with the platform that we're on now with having streaming in movie theaters about half of those should go streaming because there's a lot of them that are not strong enough contenders for the theater. And they're somewhere. You should be fully immersed in being the theater for them and I it's it's GonNa be really telling when this is over when this whole pandemic over because the large that this huge monumental amount of movie theaters that are shut down across the globe. Some of the services like NBC. The they're they're peacock service. They have Nbc Universal granted NBC and universal are both owned by comcast who's also a cable company in ISP and Just content providers well They broke the theatrical window which they've been trying to do for years Even as comcast before they went and they've been trying to break this for years in like paper view movies where you get them immediately. Well now they can actually do that because they have their own service and they can use their xfinity x. one is they will make movies. Available on demand immediately says Granted you know dreamworks? The trolls movie. That came out man. It's it says that you know insiders say the movie isn't a blanket policy for the studios and tear twenty twenty calendar in that decisions regarding other titles and the duration of the policy haven't been made yet But I I have a feeling that we're going to start. Seeing kind of a trickle down effect of certain movies immediately going this route And what they're doing to compensate is this is movies will be made available on a wide variety of on-demand services for a forty eight hour rental period at a suggested retail price of nine hundred ninety nine in other words the same would be to buy the DVD when it comes in they're saying in the US and the price of quivalent whatever it is in the international markets The they're basically saying that it's They're also trying to provide options for consumers who cannot or should not go to the cinemas Which I kind of like that option to see it from home however think that they're charging that much because it's a new release and YOU'RE GONNA be watching it from your home flakes convenience of it in there. Estimating that would be buying the estimated that you would be buying enough tickets for everyone in your family but yeah I don't I don't know like it's it doesn't seem that bad all right so anyways. I was stating that the nineteen thousand nine suggested retail price for for forty eight hour rental window for the movies while I liked the concept and the idea because I have a feeling this is going to stick around win the theaters. Come back Whether they all come back or not is a different story. But I have a feeling that this is going to stick because they've been trying to get this market for quite some time and to have this readily available now right. I think that it's GONNA stick. And for for instance for me like I don't go to the theater because I don't have time to go now. Granted when I go it's usually solo anyway and so that would be like seven or eight dollars. You know. Drop RIGHT THERE. So nine hundred ninety nine is not bad. If you're having the whole family watch it like I kind of get it there. But I can't see a lot of people lake generation or younger paying twenty bucks a month to go see every new movie that comes out to be honest like especially when there's other means that China provides you know alter Geeky caster network do not adhere to stolen China viruses. No or you know. They're pirates. Yeah but like I I. Honestly don't care I'll wait until hit streaming and then watch it legitimately but but yeah. So like they're they're talking like all these different companies or having To kind of shift their paradigm of how. They're going to do things or you know like. Mgm was the first to make a major shift when pushing the James Bond Movie. No time to die from late. April to November in hopes that it will still come out in the theater so and then you know like there's some other movies that have shifted from this year to this time next year trying to avoid it so it's it's GonNa be kind of a interesting time with the theaters kind of trying to predict what directions they're going but I do know that if people do not return to them after they opened back up that it's going to collapse this entire system of Louis
Digital Marketer Makes Money Marketing Himself
"Jacob Rattler was just twenty one years old. I became disillusioned with his. He worked as a digital marketing specialist. Creating campaigns for clients would bring them leads and increase sales. He was good at it producing significant revenue for his employer but his thirty thousand dollars. A year salary was paltry compared to the value was providing. Despite his best efforts he had no luck negotiating a race. Every day was a struggle and he soon came to the conclusion that his job was a dead end in an attempt to boost his income and keep his sanity. Jacob decided to try freelancing on the side. He was confident in his abilities. Knew he could do a good job if he found clients of his own. Unlike the types of marketing campaigns he performed at work. He kept the search for his first client. Very simple he simply put out the work with his personal connections asking if anyone knew of a small business looking for marketing support in no time at all he arranged disperse meeting with a potential client. Not Bad for zero dollar marketing. Spend Jacob met with the client but very intentionally. He didn't sell to them right away instead he offered help. He shared his experience and gave away his knowledge in the end he was able to convert that. I lead into a paying customer by providing them value before he extracted any for himself. He also learned a valuable lesson offering free. Information won't cost you a customer. In fact it will probably help is sentiment Jacob carried with him as his side hustle mature after signing that client. He indulged in a mild celebration buying drinks for a few friends but he didn't spend all the money instead. He put most of it into a dedicated bank account. And by the way quick side note. We'll talk about bank accounts and saving money for taxes et CETERA. In next week's classroom episode. Lots of exciting stuff. There with one customer landed a lot of people might try to land another sale quickly but not Jacob. He wanted to make sure he could actually do a job for this. When I came up with a marketing plan that involved different channels like social media pay traffic and even direct mail from there the plan involved converting those leads into customers and eventually converting those customers into advocates people who had referred more business to him this method of completing excellent work and utilizing referrals quickly spiraled out bringing in more and more business in fact it worked so well that over the next three months checkup earning enough to eclipse the salary. He was making it his job so he did. What many people dream of doing one day required that job and went out on his own over the coming months Jacob another valuable lesson having one good month doesn't mean the next one will be great. Some months he'd make thousands of dollars and the next might drop to less than he was earning at the low paying job. New offering services was part of the problem with the service. He'd only be paid for the work he was doing. He then devised a way to bundle his services into packages. Instead of charging per hour he offered a set list of marketing tasks to bite it into either a one off or monthly package is had the almost immediate effect of stabilizing income. So he knew what would be coming in with more regularity. It also allowed him to better gauge what he could spend on growing the business. Most of the money went to testing the same marketing channels. He would recommend to clients for him. He found the most positive effect with direct mail. Perhaps a surprise considering the tech savvy nature of what he does and strategic partnerships for example he recently partnered with the commercial real estate agent to host a Webinar. The focus was around improving email marketing and it was broadcast to over four thousand real estate brokers while the exposure alone was good. Jacob recognized that brokers often don't have time to fully execute a high quality marketing campaign so he organized the weapon art to provide information education about what was possible and then invited the brokers to work with him to help make campaigns. Come to life immediately. Got Several appointments as the leads kept on coming. Jacob built an official website for his business and registered under ASHVILLE MARKETER DOT COM. Something he hadn't even bothered with in the beginning. He's now bringing in around ten thousand dollars a month so he organized a weapon art to provide information and education about what was possible and then invited the brokers to work with him to help make their campaigns. Come to life immediately. Got Several appointments as the leads kept on coming. Shaka built an official website for his business and registered it under ASHVILLE MARKETER DOT com. Something he hadn't even bothered with the beginning he's now bringing in around ten thousand dollars a month. Okay let's look at this question. What kind of free information do you offer in how much you accept this principle? That offering free information isn't going to cost you a customer. It's actually going to build value. Well what kind of free information do you offer now? I think what you do. Is You basically offer? All the information he information but you charged for implementation. And that's exactly what Jacob did here with the Webinar. For example the Webinar for the real estate brokers presumably he didn't hold back he shared. You know whatever people wanted to know but then of course. It's a lot of work to actually make this happen. It's one thing to learn about email marketing. It's another thing to go and implement an extensive campaign so in this kind of service business. You're not holding back necessarily but obviously to do all the work. That's what they're going to need to pay to become a client right so you offer all the information you charge for implementation and in this field in particular digital marketing if someone can really provide the results that they promise whatever their fee is can be well worth it now that said It's still a bit of a wild west out. There and a lot of money is wasted. Okay so you want to be careful. Be careful and just invest slowly. If you're working with somebody who promises these kinds of things? I sometimes wonder why if some digital marketers are so good at bringing in leads and sales. Why don't they do it more for their own business? Aside from the business that helps people bring in leads and sales so no doubt it can be helpful but for your business. You WanNa make sure that you have your on the pulse of whatever's happening you don't want to just turn everything over to somebody and then stop paying attention. It's really important for you to be mindful in know exactly what's going on all right. So a cautionary tip there but again. Great Story congratulations to Jacob and listeners. Inspirations good inspiration with action is so much better.
Bailouts, Bitcoin, Disruption, Failures and Hope
"As I mentioned at the top we're going to discuss three basic things. One is the growing. Bipartisan and global shutdown and bail out everything movement to is the inability of even extraordinary and unprecedented monetary policy to actually resolve these issues in a way. That seems like it'll do anything. Productive for any sort of length of time and three the revival of the system is breaking and when it does will need something new that doesn't share the same problems of being vulnerable to politically expedient overreactions narrative. That frankly is what drove. I think many of our initial interest in Bitcoin in the first place but before we get into those topics Stephanie. Can you a quick update on the virus itself and recent events? Yes so we released a show a couple of weeks ago where I think everyone is going through these waves of accepting that our lives are going to change in a big way. The situation has certainly changed since the last time we discussed it on the show we have some bonus content also from last week if you want to hear more perspectives on this but basically you know the US and other countries that were later hit by the virus pandemic are starting to finally take things more seriously. Some people are understandably concerned. Alarmed making lots of preparations for their lives to change including you know taking measures to not have contact with other people in order to avoid spreading the virus. It's come to light that this particular virus has a long incubation period. Potentially where someone can have the virus and transmitted to other people but not show any symptoms. And so of course you know. This causes a lot of concern. What if this person has it? What if this person has it? It's a scary prospect rate and so social distancing or staying out of spaces large gatherings of people restaurants bars anywhere where people gather has been the prescription as the way to stop this thing because of course if too many people get it especially older people seem very vulnerable. The hospitals will get overwhelmed. There are not enough respiratory critical care resources to take care of everybody who would potentially get sick and need critical care if this thing spreads quickly so our best hope of beating. It is to reduce contact with each other and avoid transmitting it. So that has had a number of real world effects first of all. The economy is really changing in a situation where people are staying in. Tours there not patronizing restaurants and bars. Obviously this is very hard hit. Employees of those establishments are finding themselves. Suddenly out of Work Schools Workplaces colleges other institutions are closing places where people normally gather and they're transitioning to remote learning which could have effects on Internet bandwidth. We don't really know yet. But as many schools transition to remote and has many workplaces transition to remote we could see lots of effects of that. People are staying with their families. You know we could see some sociological effects from this for some people. This is extremely psychologically burdensome to be deprived of interaction with other people or the ability to really go out and do stuff. So you know. There's a lot of anxiety and mental health issues. That could come out of this too. We've seen bailouts from government already. Basically orders to kind of enforce these quarantining measures combined with bailouts of industries that are affected by them. And we're definitely going to talk about those on the show today. I think a month ago if you said that Donald Trump would be supporting you and the European Union. Close all their borders. You'd be called crazy. Yeah and yet of the timelines available to us. That's where we're at today. Yeah we were talking about that on the show with Andrew Yang his presidential campaign. I heard a quote from him saying that. I didn't think that I would end my presidential campaign in February and then in March. We'll be doing the exact thing that I campaigned on. But here we are. I just want to point out that in a recent meeting I believe sectors treasury. Steve Said. That's what we must absolutely do is avoid using the word bailouts in any discussion of this in the public. This was leaked and one of the people present raise their hand and asked if we could instead call them freedom payments in the vein of freedom fries. We're now going to get freedom payments and yeah. The bailouts are starting two weeks ago. I tweeted that Boeing would be one of the first companies to go under and it seems like that may well be the case. Yeah you call that good job injuries. They're going to get a bailout. I but you know this is a much broader thing. But I think it's important to separates two different aspects of this so a lot of people are going to see this as the director salts of the pandemic but the truth is and we've been talking about the last ten years is that especially the US economy but many economies around the world have been an increasingly precarious condition long before this pandemic hit the US was operating at abnormally low interest rates with quantitative easing continuing. In fact if you remember we had the latest round of content. Amazing started in October Long. Before the pandemic with problems in the feds repo market and the overnight lending market the tried out because of liquidity shortages in the Thala markets. So this was an economy that already was underperforming especially for the vast majority of people and underperforming wall on a steady full drip of stimulus and low interest rates. It was by no means the healthy economy so this is the environment into which the pandemic has now creating a secondary problem. I think it is bordered to separate the issues of financial ization the monetary issues which are issues of keep credit misallocation of credit debt portfolios that are distressed and bad loans companies doing share buybacks in order to prop their shares. And all of that crap. That was happening for the past ten years and was a steady drumbeat of fake financial news and fake financial numbers. To make everything look like. It was okay. Now we're dealing with a very different problem. And the thing here is that we now have a fundamental simultaneous supply chain crisis as as productivity crisis people are going to become unemployed in very large numbers that we haven't seen before especially in some of the most affected industries. This is going to hit an already distress middle class and below much harder. And you can't stimulus your way out of demands collapse and a productivity collapse because the problem is you know even with giving people money like helicopter. Payments People are going to spend on absolute essentials like Renton utilities which is going to go right back into the pockets of very large companies and already rich real estate magnates. It's not gonNA circulates and create jobs for the people who actually need them. So we've got these two issues one. A monetary crisis and to a labor crisis now ended artificially keeps Renton food prices higher than the market wishes them to be absolutely. Yeah because it's not as if you know. Forty percent of all landlords are going to take zero dollars off of units that they can't rent versus seventy percent or seventy cents on the dollar forever unit. They could rent so you know. The unconscionable thought that perhaps Manhattan real estate would go down for year is just. We can't let that happen so I think it's worth talking about sort of the bailouts kind of the principals level right because for me a lot of the reason why I was. I think many of us were vehemently opposed to the bailout of the banking system and many of the companies during the financial crisis was it. Sure looked like they acted in ways. That were fundamentally irresponsible. And then wound up blowing themselves up and so in that sort of circumstance there was this concern and continues to be concerned of moral hazard. Where if you bail these people out his her awarding bad behavior exactly and you're doing it at the expense of the tax payers who obviously had no involvement in that did not make any of those business decisions. What's going on now is a little bit different because as centuries it's a collapse of demand right as we shut down our normal interactions as we shut down the way that kind of life works right now. That's not really the case and my point broadly is that I am also opposed to these bailouts. But I'm opposed for fundamentally different reason. Which is I don't think it's GonNa work. I think that the attempt to solve this problem using that same old tool kit is effectively. Going to make things worse and at the end of the day not actually resolve the problem in a way that anybody is hoping for.
"zero dollars" Discussed on The Entrepreneurial You
"Hey is jolly Dumiso. V O fire. And it's the entrepreneurial you this show for dedicated and passionate. Caribbean entrepreneurs seeking daily inspiration brought to you by author Speaker An award-winning Entrepreneur. Hanukkah watkiss porter. You must be prepared to ignite. We needed to risk capital but our experience with local financial institutions was that they were cautious and slow to act an interest rates for far too high. We had real concerns about finance in our business through outside equity investors on the possibility of interference. Could we get a fair valuation for our business? We had our own ideas about the business and its value. Should I go the traditional route of bank financing or should I try the Jamaica Stock Exchange? So we made a call an experienced transformation of our business through conversations John Food Seal of Jamaica and T.'s. And we're listed on the Jamaica Stock Exchange. Give us a call today at eight. Seven six nine six seven three two seven one to begin your transmission through conversation. We want to see your company listed on the Jamaica Stock Exchange coming up on this episode of the entrepreneurial you it can be very very frustrating when you are putting efforts any field that it's not getting your business anywhere in my introduction and you talked about profitable and that is super super important to me because I am a firm believer that he are is a business driver and that it should be helping propel. Eeo Get to wherever you WANNA go in Your Business and contributing to your bottom line..
"zero dollars" Discussed on The Bone 102.5
"Five minutes of Paul Stanley stage better. I'm going to listen to the whole thing start to finish tonight. I gotta say this. I don't know if you agree. I'm going to give advice all these upcoming pans out there don't talk just play your damn songs. I've maybe seen one or two bands. That have good banter between the music. Blink one. Eighty two was always fine. Yeah. But just shut up and just keep playing the songs, but that's a great idea. The new one. This is an old one. How you doing tonight, but don't stop playing music whatsoever. David what's up? Hey, good afternoon. How are you? How many greet every caller like Paul Stanley? Listening and you were talking about being a great kissed fan. So great kids fan, but I was a big kiss fan as a kid big hispan- had you ever seen or own kiss meets the phantom of the park movie. Yeah. I only watch like one hundred million times when it was on TV they show it every year. They don't bring that one up to them though. They're not they're not a big fan of their work in that film where kiss played kiss and then kiss played evil robot kiss that was taking over a a theme park. What an awful movie, but you love it as a kid. Right. Plus it here all their greatest hits than at the time. Seventy seven five seven nine one zero two five. That's fun. What's up, Brian? Hey ramstein. Have you ever seen them a far as the most major? Sorry ever seen. I have. Yeah. I didn't understand a girl asked me to go. I didn't understand a word they had to stay. But they were unbelievable. They're blowing fire out of mass on their face about ninety. I was in a box, and you could feel the heat all the way up there. They are unbelievable show. They have to make zero dollars when they.
"zero dollars" Discussed on Monocle 24: The Globalist
"We've got photos of pay packet saying his your monthly pay zero dollars case one cent what on earth? Yeah. I mean, this is a uniquely American problem. It's something that should be legislated out of possibility. I mean, basically government shutdown our modern American phenomenon they didn't use to exist. The started in the nineteen seventies. And they've become unfortunately, more routine occurrence in the past government shutdowns have been things where you know, a deal is about to be reached. They don't quite hit the deadline, and it's you know, the government is shut down from Friday at midnight until you know, Saturday at seven AM, this is something different. This is a twenty four day shutdown. As you said the longest in American history. And and also there's no sign that it's going to end. I mean, I have I have friends who are federal employees who are not working right now. And you know, there's the first few days, it's sort of like, okay. Well, this an extra bit of time to, you know, go for a bike ride or whatever in twenty four days. You know, you start to think I can't pay. My rent's, you know. I have to make different financial decisions. I'm going to have my credit rating heard this is, you know, it's real damaged real people, and then beyond the the employees themselves. It's the services that are going unfulfilled. So farmers are not getting payments from the federal government soon. There'll be a debate about whether tax refunds are going to go out, which is tens of millions of people wanting their money people on food stamps support from the government to buy basic, groceries that might not get paid. So this is the the real costs of this are mounting every day that this goes on. And you know, it's just the the people who can afford to suffer. This are the ones who are most hit by Donald Trump appears to be. Trying to use is advanced say, it's Donald Trump using this as leverage against the Democrats or should the Democrats taking an equal share of the responsibility for it. Well, the reason I put the blame on Trump and most Americans in polls suggests they put the blame on Trump is because the Democrats have said, look, let's just reopen the government with existing funding levels. Exactly the same thing as we had before..
"zero dollars" Discussed on WBSM 1420
"For zero dollars zero cents and President Trump is not giving up on his demand for tax payer money to fund the border wall. The issue at the heart of the shutdown, but he is not ready to act unilaterally yet, President Trump is putting the brakes declaring a national emergency at the US southern border for now. Now, the easy solution is for me to call a national emergency. I could do that very quickly. I have the absolute right to do it. But I'm not gonna do it so fast. The president insists he has the authority to declare the emergency. But he's still holding out for Democrats to come back to the table and make a deal, but he's not budging on his demands. Karen Travers, ABC news, the White House. The US withdrawal from Syria is now underway defense official confirms military equipments been pulled out of the country, but troops have not come out yet this on a day. New numbers came out of Syria. You ask and coalition aircraft dropped the highest number of bombs against ISIS in Syria this past November than during any month this year. That's according to new data published by the US air force showing a record one thousand four hundred and twenty four weapons released in the month before President Trump made his surprise announcement that he was withdrawing US troops from Syria. Meanwhile, in Afghanistan US aircraft have dropped more bombs under the Trump administration than during any year under President Obama, the total number of weapons released in two thousand eighteen is now greater than the three. Previous. Years combined, Elizabeth McLaughlin, ABC news. The Pentagon arrested Wisconsin man, they say kidnapped thirteen year old Jamie Kloss after killing her parents in October clause turned up sixty miles from her home last night saying she'd just escaped from her captor. Authorities say Jamie gave them a description of the suspect. And then they were able to pretend that suspect ABC's Alex Perez. The Dow was down six points. You're listening to ABC news. Indeed knows it's hard to find qualified candidates when you're hiring..
"zero dollars" Discussed on Lovett or Leave It
"Exactly zero dollars tax dollars what are you talking about the tax kids making signs and walking out it's a free thing is this is a good deal on the whole lately and and again i think this isn't the role of schools i mean i guess i'm old fashioned i think schools for learning school should be a place where kids feel comfortable and comfortable to stop and that is their point that is exactly their point miss god la they don't feel comfortable being targets of mass weapons of destruction in what should be a safe place yes gone lock it would be great given that now schools across the country have to do mass shooter drills be lovely to add up all the time that kids across the country are spending hiding in closets and running out of their schools and discussing whether or not to run to fight or to hide with their teachers who can't afford school supplies add up all of that time compared to these seventeen minutes of protests this is a good use of our taxpayer dollars ask you right i'm lock because tax dollars are going towards that's right mass shooter drills ms gun lock miscount locked this this certainly wasn't unfortunate misstep i think i think schools getting involved in this and helping to coordinate was not a good use of their time what fox news can't say is this is a student led movement that we have a policy disagreement with so even though this has been spearheaded by kids idea came from kids led by kids it's kids who walked out of class they have to make it about anything else it has to be about teachers that may have helped because they agree with the kids or tax dollars or wasted time or time that should be spent learning because what they can wrecking with is no these are this is a student led movement does inorganic student movement speaking out against the policies that your network supports it's not pre brainwashed approved.