35 Burst results for "billion dollar"

Nikola Founder Resigns as Executive Chairman Amid Fraud Allegations

Techmeme Ride Home

02:21 min | 7 hrs ago

Nikola Founder Resigns as Executive Chairman Amid Fraud Allegations

"Nikola is one of those electric vehicles startups we discussed recently on a weekend bonus episode it's an electric vehicle startup not named. Tesla remember and Nikola is one of those startups that's also focusing more on trucks. Yeah well, the founder of Nikola Trevor Milton has abruptly resigned as executive chairman of Nikola amid what the Wall Street? Journal. Is Calling fraud allegations quote Nikola, which went public in June through a reverse merger has come under scrutiny. Since Short Seller Hindenburg research released a report earlier this month accusing the company and Mr Milton of making exaggerated claims about the readiness of Nicholas Technology, and how much of it is proprietary doubts about the company's readiness to produce vehicles and questions about its claim to own proprietary technology have prompted US securities regulators and the Justice Department to investigate whether Nikola misled investors. The Wall. Street Journal reported earlier this month citing people familiar with the matter Nikola has called the. report false Mr Milton said in a company statement that he had asked the board to step down. So the focus was on the business not him. He added in a separate statement posted on his twitter account. Early Monday that he intended to defend himself against quote, false allegations levelled against me by outside detractors and quote Mr Milton thirty nine years old founded Nikola twenty. Fifteen and owns nearly one quarter of the Phoenix based companies shares according to fact set he served as chief executive until the company went public at which point he became executive chairman and Mark Russell was appointed as CEO investors have seen Mr Russell as a calming influence over the bullion behavior. Mr. Milton who has frequently vented frustrations and shared ideas via twitter and quote. More. Details I learned about Nikola today while researching this segment GM recently said it would take an eleven percent stake in Nikola in exchange for helping to engineer and build an electric pickup truck called the Badger and Nicholas Stock was down twenty one percent in this morning's trading that nonetheless still gives it a thirteen billion dollar market cap. This just popped up on tech crunch quote news is breaking that Trevor Milton Nikola Co founder, and former executive chairman was arrested by the DOJ FBI at Sky Harbor Airport in Phoenix Arizona. This morning this is so far unconfirmed and quote.

Nikola Trevor Milton Executive Chairman Trevor Milton Nikola Co Mr Milton Mr Russell Tesla Founder Twitter Sky Harbor Airport Street Journal Phoenix Fraud Nicholas Technology Mark Russell Nicholas Stock United States Arizona Chief Executive GM Justice Department
Microsoft To Buy Bethesda In $7.5 Billion Deal, Acquiring Fallout, The Elder Scrolls

Techmeme Ride Home

02:02 min | 7 hrs ago

Microsoft To Buy Bethesda In $7.5 Billion Deal, Acquiring Fallout, The Elder Scrolls

"News this morning in video games Microsoft said it will be acquiring xanax media for seven and a half billion dollars in cash. Now, you might not know the name, any Max media I know I certainly didn't but I did know this name but says the soft works Xeni Max Media Owns Bethesda the maker of such gaming franchises as doom, the elder scrolls and fallout and the upcoming space epic star field as ars Technica says, this is an industry changing acquisition quote for context that's three times the. Price Microsoft paid for minecraft maker Mo- Jiang back in two thousand, fourteen merging of course, continued to be multi-platform developer. After it's Microsoft acquisition a decision that led to the site of Microsoft publishing a Mario themed mash up pack for Minecraft Nintendo consoles but minecraft was a relatively unique situation where the acquired game was built around cross platform compatibility among a heavily established fan base Microsoft seems less likely to extend that same multi-platform courtesy to says, does gaming properties in the long term, but nothing has been officially. Announced on that score in the near term, though Bethesda is still working on to console exclusive titles for the past five ghost wire Tokyo and death loop both those games have featured heavily in Sony's console marketing. This year ahead of expected launches in two thousand, twenty one, it is likely too late to change deal structures and platform release plans for those titles which are also coming to the P. C., which means Microsoft, could well, behind two of the PS five biggest console exclusives next year the key point. is where still Bethesda a VP OF PR and Marketing Pete Hines wrote in a blog post announcing the news we're still working on the same games we were yesterday made by the same studios we've worked for years and those games will be published by US and quote being part of Microsoft. Game Studios Makes Bethesda gaming lineup, a defacto part of xbox game pass Microsoft promised years ago that every upcoming first party game would be available on the subscription service quote on the same day they launch and

Microsoft Bethesda Game Studios Ars Technica Vp Of Pr Mo- Jiang United States Pete Hines Tokyo Developer Sony
ByteDance Says It Won. Trump Says Not So Fast. TikTok Continues For Now.

Techmeme Ride Home

05:04 min | 7 hrs ago

ByteDance Says It Won. Trump Says Not So Fast. TikTok Continues For Now.

"Okay, here's what I can tell you. You can still use tiktok as of this moment president trump since we last spoke said he approved Oracle's bid for the US. Operations of tiktok quote in concept, and so essentially the US delayed the planned tick tock band by about a week as Oracle Walmart looked to take a twenty percent stake in Tiktok globals planned pre IPO round as well as of course, the deals to host talks us user data and computer systems quoting Bloomberg I approve the deal and concept trump told reporters Saturday as he left the White House for a campaign rally in Fayetteville north. Carolina if they get. It done. That's great. If they don't, that's okay too and quote the new company which will be called tiktok global has agreed to funnel five billion dollars in new tax dollars to the US and set up a new education fund which trump said would satisfy his demand that the government receive a payment from the deal quote they're going to be setting up a very large fund. He said that's their contribution that I've been asking for an quote Oracle plans to take a twelve point, five percent stake in the new tiktok level. While Walmart said, it has tentatively agreed to by seven point, five percent of the entity. Walmart's. Officer Doug Macmillan will serve on tiktok global's board of directors. The retailer said in a statement for of the five board seats will be filled by Americans according to the statement tic TACs. Owner Bite dance is seeking evaluation of sixty billion dollars for the APP, according to a person familiar with the matter Oracle and Walmart would pay a combined twelve billion dollars for their stakes. If they agreed to that asking price, the final valuation has not been set as the party's worked out the equity structure and measures data security. The person said terms are still in flux and the proposed valuation could still change and quote. Yet more about that flex in a second but more about that five billion dollar payment to the government. The president mentioned I. Guess That's the key money by another name that he was asking for all along except that seems to have come as news to at least most of the parties involved Oracle later confirmed it to a degree but quoting Dan primack on twitter. More about tiktok quote Payments Number One the Education Fund is not to fun trump's patriotic history project number two, the five billion dollar figure is not codified anywhere and no one expects it to be anywhere near that big number three, the five billion dollars to the Treasury is anticipated payroll taxes over an unspecified period. Of Time, there will be an education focused effort using tick tock short video format distribution tool, but there is no dollar amount tied to it with trump seeming to inflate the payroll tax figure with the Education Fund remember Tick Tock doesn't have five billion dollars at least not until its IPO wants to complete within twelve months and quote. So. Again has this all been Kabuki theatre make the president think he's getting his key money. Give a politically connected firm, a sweetheart deal, and even if the five billion dollars is really not going to be five billion dollars again, we have the president of the government forcing the investment of private property, giving it to favourite entity and essentially asking for a kickback exactly. What happens in Banana Republics Super? Oh and about that whole thing being inflex bite dance. This morning was asserting that it is maintaining majority ownership and control over tick tock global and will not transfer any source code or technology to Oracle or Walmart so essentially waving a flag saying they won. Quoting the Financial Times bite that set on money that it would maintain majority ownership and control of tiktok global contradicting statements by Donald trump oracle, and Walmart after it agreed a deal with the companies to continue operating in the US Oracle, the US technology group, and Walmart, the world's biggest bricks and mortar retailer said in a joint statement at the weekend that Tiktok level would be majority owned by American investors and quote however while they're state combined with the equity held by. Long standing US investors by dance might mean, American investors would be the biggest financial beneficiaries, direct majority ownership and control of the business is set to remain with the Chinese company in a statement released on January tat chow by dances Chinese social media platform. The company said tiktok global would be a quote one, hundred percent fully owned subsidiary. The company added that after raising funds ahead of a potential initial public offering, it would have an eighty percent stake in the company and quote. So maybe that wasn't a good thing to go spouting off about because this either means now the deal is really off. Because the Chinese side really doesn't want it or else the deal is off because the president isn't going to be pleased about that more in just one second or else everyone is just GonNa declare victory and. Meaningful has actually changed my money's on that but hard to tell at this point because to conclude. About thirty minutes ago. President trump. said, he would not approve a tick tock deal bite dance ceded control, and well I don't know.

Oracle Walmart Walmart President Trump Tiktok Global United States Donald Trump Carolina Education Fund White House Bloomberg Fayetteville North Treasury Tiktok Twitter Doug Macmillan Officer Dan Primack
Nikola founder quits amid fraud allegations

Noon Business Hour

02:22 min | 7 hrs ago

Nikola founder quits amid fraud allegations

"Of electric vehicle maker Nicola are sliding after the resignation of its founder and executive chairman. The stock is down more than 17%. Today. Let's see what's going on. Jeff Gilbert is here. CBS Auto reporter based in Detroit. Jeff, What's going on with Nicola? You know Nikola was a darling of Wall Street. Just a few years ago. Nickel, Of course, the first name of inventor Nikola Tesla. So, obviously you got that comparison right to begin with. They want to make an electric pick up front. Wall Street thought it was great. GM thought it was great, so they made a $2 billion investment in that company. And now all of a sudden, there are allegations against the chairman. He leaves and he was replaced by somebody with very close ties to General motors and explain that connection because GM obviously has a lot riding on this exactly. Two weeks ago, GM announced that it's taken an 11% stake in the company work. $2 billion. They didn't pay a billion dollars to billion dollars, but they're going to let Nikola produced their vehicle in in a GM facility. Well, one of the board members of Nicholas, a man named Steve Girsky, who had been a General Motors vice here, There are many reports that he's a man who actually orchestrated the deal and now as Nicholas CEO and founder, or whether chairman and founder leaves Girsky becomes the new chairman of Nicholas. So it's a very interesting tie up that connects him a lot more closely to General Motors. And the hope. Of course, on the part of investors is that the technology is what Nicholas says. It's going to be, and also that they're going to be able to actually produce this stuff. Exactly, And that was a concern raised by an investor who said that he didn't feel they really had the technology behind some of their claims. GM defended them, They said. They did their due diligence, and GM is giving them a place to produce his vehicle. They haven't said yet, so GM does and some gravitas for lack of a better word. To Nikola, but still got a lot of investors concerned. I haven't seen the latest numbers, but the stock has really been falling today. Yeah, it's down about 17.5%. So a significant fall for sure. Thank you so much. That is Jeff Gilbert, CBS Auto reporter based in Detroit.

Nikola Tesla General Motors Nicholas Jeff Gilbert Executive Chairman GM Nicola Detroit Founder Nikola Reporter Chairman Steve Girsky CBS Cbs Auto CEO
TikTok is saved (for now): What you need to know

The 3:59

04:35 min | 8 hrs ago

TikTok is saved (for now): What you need to know

"So what happened over this busy weekend? Yeah I mean it's been quite the saga when it comes to tech top, there's been a lot of twists and turns and Different reports about you know. Who would partner with Tiktok, and what happened this weekend was trump basically blasted deal in concept between Walmart in Oracle that would give or Walmart a combined twenty percent stake in a new company called tiktok global and Florida five board members would be Americans and so this basically. gave enough assurance that the US government would temporarily delay any sort of ban on you downloads of Tiktok or a week. Like you said this has been an ongoing saga prior to this trump was against this deal and really probably is because you know these companies didn't have a majority stake in. What changed to get trump on board with the steel I mean. There's been a lot of back and forth between the companies even though Oracle in Walmart would have a combined twenty percent stake. Some people say that they're technically would be a majority ownership of American companies because by dance is owned by forty percent of US investors on this company, talk global will eventually go public. So that could potentially lower the Chinese ownership I mean. There's still a lot of questions in detail have to be hashed out in steel, and there was also some confusion over the weekend for example, trump had mentioned that. would be five billion dollars contributed to a US education fund oracle. Clarify that Tiktok, with pay by billion dollars in new taxes to the US Treasury. So it seems like behind the scenes, there are some terms that worked out that seem to appease trump but there's still a lot of details and confusion circulating the steel. Got It. In Friday we broke down how the trump administration has labeled to talk a national security concern. The idea being that the data that tiktok has on users could conceivably be turned over to the Chinese government. How does this deal address those concerns? We'll some senators Republican senators say that doesn't address these concerns to talk in Oracle say that they do because Oracle with hosted on its US Jadon it's cloud platform and they will be able to review the APP source code. You also have to remember that currently right now us user data according to talk is not stored in China already stored in the US and there's a backup in Singapore. So there are some critics of the deal including some Republicans you say that this doesn't really appeased national security concerns if that's where you're going after Puckett and so going back to Oracle Walmart I'm just. I'm curious. Why would they want to get involved with Tiktok I sorta get it with Oracle on this tech partnership where they would. They would store the data protected Walmart coming player. So large people view Tiktok as this you know. Fun, video APP where you're doing a lot of lip singing and dancing but there's also a lot of diy videos. Sometimes, I see videos about people is saying like these are the top five things I found on Amazon. So TIKTOK has been testing some E. Features in which. People can add links. So users can. Buy something or shop from this APP. So even though right now it's not really viewed as a big commerce a platform that is something that tiktok could definitely evolved into as it continues to grow. That's why you're seeing Walmart coming in as big player to might seem not seem odd right now but there's definitely a potential at, Tiktok does become the place where you shop in the future.

Walmart United States Tiktok Global Oracle Donald Trump Us Treasury Partner Florida Amazon Singapore DIY Puckett China
Trump And The TikTok Deal: What You Need To Know

Equity

02:08 min | 12 hrs ago

Trump And The TikTok Deal: What You Need To Know

"What happened over the weekend? Well, as you probably knew that tick Tock Circus has continued the latest drama surrounding what is actually in the Tiktok by dance Walmart Oracle deal that will see the creation of a US based company associated with Tiktok operations. Some issues that were in contention over the last couple of days included who retain control of the new based company. Would it go public and what was that a five billion dollar payout? All about well, luckily for US tech roaches read allows put together a piece that. is fantastic and goes over the core things. What I have done is steal from it the key important bits. So I'm going to read to you bits of Rita's post to catch you and I both up to where things are as this morning. Of course, by this afternoon who knows okay by dance is still the owner China's bite dance confirms it will retain an eighty percent stake in. TIKTOK. After a total of twenty percent to Oracle, it's trusted technology partner and Walmart it's Commercial Partner Tiktok seeks US IPO tiktok confirms. An initial public offering in the US in an effort to quote further enhance corporate governance and transparency. No algorithms transfer in line the previous reports. Be Hanging over tick ducks, algorithms, or technologies to Oracle. Instead, the American database giant will gain the authority to perform security checks on quote tiktok. US source codes five billion in tax dollars by dance estimates that Tiktok will be a total of five billion in income tax and other tax dollars incurred in the US to the US Treasury in the coming years nonetheless, the final figure is contingent on tiktok quote actual performance and the US tax structure. The parent company said stressing that the tax money had nothing to do with the ongoing deal hot this. Appears to be this figure this five billion number to where the trump administration got. The idea that somehow dance was going to pay the US government five, billion dollars by dance vehemently disagrees, and now we're in bit of muddle. The question is will the I dunno situation which I'm sure the trump admin will view as a slight enough to upend the US side of the transaction I don't think so but you know it's twenty twenty who

United States Tiktok Us Treasury Walmart Oracle Partner Rita Twenty Twenty
How 3 Simple Phone Alarms Changed My Health, Wealth, and Relationships with Eric Partaker

Entrepreneur on FIRE

05:43 min | 17 hrs ago

How 3 Simple Phone Alarms Changed My Health, Wealth, and Relationships with Eric Partaker

"Eric say what's up to fire nation and sure something interesting about yourself that most people don't know aright. Well, yeah. What's up fire nation how excited to be here? This is this is an easy one about ten years ago. I was boarding a return flight to London, and shortly after the cabin doors closed I sent something wasn't right and as the plane descended I had a lot of pressure building in my chest. It soon became pain. Went through the my left arm my whole left arm went completely ice cold by colleague. Next to me he touched my my arm and I remember he said Jesus feels like it's been hanging in a meat locker. Let's Yeah I said too. I said to my I said Lewis. Like something's up man this. This is I'm scared Can You? Can you get some help? And? Louis jumps over runs to a flight attendant. And flight attendant comes overseas on I'm sweating at this point you know feeling really nauseous and she she asks us there's a doctor on board and. at I'm just you know feeling worse and worse doctor comes running over luckily I. Hopefully, there's always a doctor aboard flight nominee knocking lucky. There was one for me he came over. Took my vital signs and he just said immediately he is he said we got to land the plane like a sap i. think he's having a heart attack and when I when I heard those words, you had a heart attack. When you're when you're thirty, five, thousand feet up in the air these are not the words you want to hear. No. You're about as far away from help as you can get and I remember when that plane. On the movies when they talk about something like feeling in an eternity like life is going in slow motion I mean that was exactly what it felt like. Because at the sense, it probably didn't take that long but it felt like forever and I was just terrified on the way down that. My heart was gonNA stop completely I kept having to stop my head like James I'm going to get so close to say the in it's going to be lights out and obviously. I mean, you'd be an absolute magician if you had invited someone to your show who had actually died, right so That wasn't the case we a pain emergency lands. By the way out of a quick side note here I was just too curious to not Google this so. Apparently, it costs about one hundred and fifty thousand dollars to emergency land applying for the airline and I think my ticket costs like one, hundred, fifty bucks. So they did it. They did really poorly with me on that flight man, but you know what I will say to make you feel better if you need it, they likely have insurance for that. So the people who got screwed are the people who should get screwed, which are the insurance companies. Are True. So so plane touches down -mergency response team Russia's on board takes me into a waiting ambulance administered nitrates right away to open up the arteries. And then the ambulance sped off to a local hospital. Did you even know where you are like? Did you even know like what city you're in? No, I had no idea. Yeah. I knew when I got into the ambulance because everyone was speaking trench. Man Because that's the thing about flying over Europe. You're like I I literally have no idea where we're going to descend so that Eric is super interesting my friend I'm gonNA share something else that people don't know about you actually as you might be moving to Puerto Rico at some point in the future the I'll day unconscious. So that'd be super cool as well. So man what a way to kick off this interview of three simple phone alarms that changed Eric's health wealth and relationships, and we already can see that he needed a little change in his health. So talk to us about these three phone alarms that are going to elevate our health work in home fronts. So this is dead simple. And it was driven by that story. I just shared 'cause I have been obsessed with achievement prior to that point for ten years while at Skype Bill we we sold skype to Ebay I two thousand five for about four billion dollars at McKinsey and company. And then a few of my own businesses, but it was like achievement at all costs, right? So including the cost of my health and relationships and And after that, I need any something had to change a new. I needed some some balance and I literally I took my phone one day and I said, okay I'm GONNA put in some alarms and I'm going to label each alarm to reflect what like the best version of me would look like to power the relevant segment of the day and so let me give an example and when you're setting alarm on your phone, for example, if you have, I found, you go into the alarm. And you'll see a section called label and you can actually name the alarm whatever you want, and if you have android, you can go in it's called name you can label it whatever you want so. So for years. Now at six thirty, am the first alarm goes off and it says world fitness champion and I'm not a will fit as champion I never will be but like that's not the point, the point is that for me, that's the phrase that expresses my best on the health front, which is one of the key three areas you get your health, your wealth, or if you want to refer to it as work and your relationships.

Eric Skype London Google Europe Mckinsey Lewis Louis Russia James Ebay Puerto Rico
What's going on with Tik Tok and WeChat?

The Tech Guy

07:02 min | 23 hrs ago

What's going on with Tik Tok and WeChat?

"Don't know what's going on. With TIKTOK. Today this morning. was supposed to be the morning Tiktok was turned off and we chat to both owned by Chinese company Bite Dance. The. The idea. The US Commerce Department said Nope because it's Chinese and you know. You know. You know it's a it's a threat to our great national sovereignty or something. I don't really understand honestly the Chinese could spy on. US I. Guess. I guess or then then some who are a little more nuanced say well, it's not that they're just like our location. But they could propagandize us. Oh, you mean like facebook. Yeah. Like that. They don't. They don't need Tiktok they've got facebook. Anyway, the this has been going on and on and on and back in. August. He's the president said forty five days to. To Sell Yourself to American. Company. Microsoft and Walmart were bidding. So was Oracle, which is a big database company not really widely known among consumers but. A A very popular database for reasons no one understands fully in enterprise because it's not it's terrible but anyway, it's. It's been here a long time. I think it's really why it's so successful its owner Larry Ellison has become one of the wealthiest men in the world is busy bidding building building big yachts bigger than other people's yachts. That's what that's what you do. If you're a billionaire, you just build I, want my yacht to be bigger. Mr Ellison is also a supporter of the president and has held fundraisers and I think that helped a little bit. Because last Sunday. Microsoft said Yeah took talk. Told US we're out. An Oracle said, we didn't buy it but we are a tech partner and Walmart said I'm switching teams. I'm now with our Oracle okay. Between the two of them. Oracle and Walmart will have a a minority stake. In Bite dance by giving them some amount of money. For stock or something. and then it's so complicated. It turns out that that because bite dance has I think something like forty percent of its investors are in the US. They're adding that to the walmarts oracle stake in the commerce. Department says good. That's a majority. So, it is now on majority US owned the president said. All right. That's good. So he's approved this bid. In concept. He also says. this new company which will be called Tick Tock Global. This and so he's going to put the ban on hold for a week. TIKTOK global will also give five billion dollars in new tax dollars to the US. Five billion with a B. to set up. A new education fund is really a propaganda fund. The president has put together to teach children. To I don't know what loved your leader anyway it's Oracle take a twelve and a half stake in TIKTOK. Global Walmart tentatively agreed by seven and a half percent twelve makes twenty percent. And five of four of the five board seats will be filled by Americ- Americans. And then the courts. The the US judge in California has issued a preliminary injunction saying you can't ban we chat. From, the apple and Google stores. it's it's hard to understand really what the president would be for the Commerce Department saying Apple Google, you have to remove an APP from the store I don't think that's ever happened before. Commerce Department officials say we are prepared for long legal battle Oh. Great. Just what the world needs. Another long legal battle. This is this is just going to be an endless story. Isn't it? Tech talk you know. Is Is a fan favourite with the young ones? They? I don't know if you've seen it it's actually quite entertaining. I know you've seen it because they were buying ads on the NFL football games. Last weekend trying to guess Excite the American people about the potential for TIKTOK. You know I don't have a huge. Care A, lot about it. It's just another social network just weird that the US government says, well, we can ban it just we're just going to ban it. I don't think I don't know. We chat, which is a chat program not widely used in the US mostly by. Chinese citizens in the US and friends Chinese Americans with friends with friends and family in China. Because in China it's universal. Widely, used and not just as a chat program. It's not another. facebook. Messenger. Really, used for everything. So yesterday. The President says I approve the deal. In concept. We have and I think quite reasonably blocked. Chinese. Companies like wow way, and Z. T.. Because they are network companies and while whe. Especially has a lot of equipment in the five G. Networks and the threat is that an order from the Chinese government which would be fully legal in China to a Chinese company would say, Hey, just cut off that American stuff just turn it off or but get or so I can understand the reason to do that. Take talk a little bit more tenuous. So, a little bit more tenuous and I do feel bad. There's a lot of kids really fun funny videos and Tiktok, there's tiktok stars and making a ton of money. on Tiktok an a lot of fame and celebrity in fact sometimes. Too. Much fame and celebrity. There, there are those. On Tick Tock who say how I just I can't handle the fame. So but most people talk I think it's just a fun entertaining. I do I just don't know. We are phones are spy ing on us all the time by any company that can get an APP on your phone can pretty much spy on you all the time. That's why I'm really excited by what both. Google android and. IOS, apples, IOS are doing both of them are now starting to especially with new Iowa fourteen pop up little notices that say, Hey, you know this application has been looking at in the background at your location even showing you a map. Of where where they just reported home at do you want to do that? You can disallow it? Same thing on android.

United States President Trump Us Commerce Department Tiktok Oracle Walmart Facebook Microsoft Google China Bite Dance Larry Ellison Tiktok Global Apple NFL Chinese Government California
Trump Approves Deal Between Oracle and TikTok

The Tech Guy

05:54 min | 23 hrs ago

Trump Approves Deal Between Oracle and TikTok

"So. I don't know what's going on. With TIKTOK. Today this morning. was supposed to be the morning Tiktok was turned off and we chat to both owned by Chinese company Bite Dance. The. The idea. The US Commerce Department said Nope because it's Chinese and you know. You know. You know it's a it's a threat to our great national sovereignty or something. I don't really understand honestly the Chinese could spy on. US I. Guess. I guess or then then some who are a little more nuanced say well, it's not that they're just like our location. But they could propagandize us. Oh, you mean like facebook. Yeah. Like that. They don't. They don't need Tiktok they've got facebook. Anyway, the this has been going on and on and on and back in. August. He's the president said forty five days to. To Sell Yourself to American. Company. Microsoft and Walmart were bidding. So was Oracle, which is a big database company not really widely known among consumers but. A A very popular database for reasons no one understands fully in enterprise because it's not it's terrible but anyway, it's. It's been here a long time. I think it's really why it's so successful its owner Larry Ellison has become one of the wealthiest men in the world is busy bidding building building big yachts bigger than other people's yachts. That's what that's what you do. If you're a billionaire, you just build I, want my yacht to be bigger. Mr Ellison is also a supporter of the president and has held fundraisers and I think that helped a little bit. Because last Sunday. Microsoft said Yeah took talk. Told US we're out. An Oracle said, we didn't buy it but we are a tech partner and Walmart said I'm switching teams. I'm now with our Oracle okay. Between the two of them. Oracle and Walmart will have a a minority stake. In Bite dance by giving them some amount of money. For stock or something. and then it's so complicated. It turns out that that because bite dance has I think something like forty percent of its investors are in the US. They're adding that to the walmarts oracle stake in the commerce. Department says good. That's a majority. So, it is now on majority US owned the president said. All right. That's good. So he's approved this bid. In concept. He also says. this new company which will be called Tick Tock Global. This and so he's going to put the ban on hold for a week. TIKTOK global will also give five billion dollars in new tax dollars to the US. Five billion with a B. to set up. A new education fund is really a propaganda fund. The president has put together to teach children. To I don't know what loved your leader anyway it's Oracle take a twelve and a half stake in TIKTOK. Global Walmart tentatively agreed by seven and a half percent twelve makes twenty percent. And five of four of the five board seats will be filled by Americ- Americans. And then the courts. The the US judge in California has issued a preliminary injunction saying you can't ban we chat. From, the apple and Google stores. it's it's hard to understand really what the president would be for the Commerce Department saying Apple Google, you have to remove an APP from the store I don't think that's ever happened before. Commerce Department officials say we are prepared for long legal battle Oh. Great. Just what the world needs. Another long legal battle. This is this is just going to be an endless story. Isn't it? Tech talk you know. Is Is a fan favourite with the young ones? They? I don't know if you've seen it it's actually quite entertaining. I know you've seen it because they were buying ads on the NFL football games. Last weekend trying to guess Excite the American people about the potential for TIKTOK. You know I don't have a huge. Care A, lot about it. It's just another social network just weird that the US government says, well, we can ban it just we're just going to ban it. I don't think I don't know. We chat, which is a chat program not widely used in the US mostly by. Chinese citizens in the US and friends Chinese Americans with friends with friends and family in China. Because in China it's universal. Widely, used and not just as a chat program. It's not another. facebook. Messenger. Really, used for everything. So yesterday. The President says I approve the deal. In concept. We have and I think quite reasonably blocked. Chinese. Companies like wow way, and Z. T.. Because they are network companies and while whe. Especially has a lot of equipment in the five G. Networks and the threat is that an order from the Chinese government which would be fully legal in China to a Chinese company would say, Hey, just cut off that American stuff just turn it off or but get or so I can understand the reason to do that. Take talk a little bit more tenuous.

United States President Trump Oracle Us Commerce Department Walmart Larry Ellison Facebook Microsoft Bite Dance China Tiktok Global Chinese Government Partner Apple NFL California G. Networks Football Google
Trump Approves Deal Between Oracle and TikTok

The Tech Guy

05:54 min | 23 hrs ago

Trump Approves Deal Between Oracle and TikTok

"So. I don't know what's going on. With TIKTOK. Today this morning. was supposed to be the morning Tiktok was turned off and we chat to both owned by Chinese company Bite Dance. The. The idea. The US Commerce Department said Nope because it's Chinese and you know. You know. You know it's a it's a threat to our great national sovereignty or something. I don't really understand honestly the Chinese could spy on. US I. Guess. I guess or then then some who are a little more nuanced say well, it's not that they're just like our location. But they could propagandize us. Oh, you mean like facebook. Yeah. Like that. They don't. They don't need Tiktok they've got facebook. Anyway, the this has been going on and on and on and back in. August. He's the president said forty five days to. To Sell Yourself to American. Company. Microsoft and Walmart were bidding. So was Oracle, which is a big database company not really widely known among consumers but. A A very popular database for reasons no one understands fully in enterprise because it's not it's terrible but anyway, it's. It's been here a long time. I think it's really why it's so successful its owner Larry Ellison has become one of the wealthiest men in the world is busy bidding building building big yachts bigger than other people's yachts. That's what that's what you do. If you're a billionaire, you just build I, want my yacht to be bigger. Mr Ellison is also a supporter of the president and has held fundraisers and I think that helped a little bit. Because last Sunday. Microsoft said Yeah took talk. Told US we're out. An Oracle said, we didn't buy it but we are a tech partner and Walmart said I'm switching teams. I'm now with our Oracle okay. Between the two of them. Oracle and Walmart will have a a minority stake. In Bite dance by giving them some amount of money. For stock or something. and then it's so complicated. It turns out that that because bite dance has I think something like forty percent of its investors are in the US. They're adding that to the walmarts oracle stake in the commerce. Department says good. That's a majority. So, it is now on majority US owned the president said. All right. That's good. So he's approved this bid. In concept. He also says. this new company which will be called Tick Tock Global. This and so he's going to put the ban on hold for a week. TIKTOK global will also give five billion dollars in new tax dollars to the US. Five billion with a B. to set up. A new education fund is really a propaganda fund. The president has put together to teach children. To I don't know what loved your leader anyway it's Oracle take a twelve and a half stake in TIKTOK. Global Walmart tentatively agreed by seven and a half percent twelve makes twenty percent. And five of four of the five board seats will be filled by Americ- Americans. And then the courts. The the US judge in California has issued a preliminary injunction saying you can't ban we chat. From, the apple and Google stores. it's it's hard to understand really what the president would be for the Commerce Department saying Apple Google, you have to remove an APP from the store I don't think that's ever happened before. Commerce Department officials say we are prepared for long legal battle Oh. Great. Just what the world needs. Another long legal battle. This is this is just going to be an endless story. Isn't it? Tech talk you know. Is Is a fan favourite with the young ones? They? I don't know if you've seen it it's actually quite entertaining. I know you've seen it because they were buying ads on the NFL football games. Last weekend trying to guess Excite the American people about the potential for TIKTOK. You know I don't have a huge. Care A, lot about it. It's just another social network just weird that the US government says, well, we can ban it just we're just going to ban it. I don't think I don't know. We chat, which is a chat program not widely used in the US mostly by. Chinese citizens in the US and friends Chinese Americans with friends with friends and family in China. Because in China it's universal. Widely, used and not just as a chat program. It's not another. facebook. Messenger. Really, used for everything. So yesterday. The President says I approve the deal. In concept. We have and I think quite reasonably blocked. Chinese. Companies like wow way, and Z. T.. Because they are network companies and while whe. Especially has a lot of equipment in the five G. Networks and the threat is that an order from the Chinese government which would be fully legal in China to a Chinese company would say, Hey, just cut off that American stuff just turn it off or but get or so I can understand the reason to do that. Take talk a little bit more tenuous.

United States President Trump Oracle Us Commerce Department Walmart Larry Ellison Facebook Microsoft Bite Dance China Tiktok Global Chinese Government Partner Apple NFL California G. Networks Football Google
Over 2000 Foot Locker stores to become voter registration sites in Chicago

Karen Conti

00:35 sec | 1 d ago

Over 2000 Foot Locker stores to become voter registration sites in Chicago

"Elections. More from W. Chance gave so gone on foot Locker will turn all of its stores into temporary voter registration sites. Starting on September 22nd. The company announced that it's partnering with rock. The vote for this initiative, which is aimed at getting young people registered to vote for the presidential election in November for locker is reaching out to its 18 to 24 year old customers, which account for roughly four million of its instagram followers. Registration will take place at all. Footlocker, Lady Footlocker, Kids Footlocker champs Sports. In foot action locations. The company has 38 stores in the Chicago area gave Salvato W. G. M News. Indiana's own Upload Trust fund took a nearly billion dollar hit because

Lady Footlocker Footlocker Indiana Chicago Instagram Salvato W. G. M
The Wildfires Are Making the Climate Crisis Impossible to Ignore

On the Media

05:15 min | 2 d ago

The Wildfires Are Making the Climate Crisis Impossible to Ignore

"This is on the media. I'm Bob Garfield. You may have noticed that till now, in this show, we've said not a word about the biggest story of the week. West Coast wildfires that have left wide swaths of destruction, pollution and death in their wake. Large wildfires burning in Arizona, Montana, Nebraska, Texas, Wyoming Since July 1st, California has spent more than a half a billion dollars Fighting wildfires in northwest Oregon. Half a million people were told to evacuate his wildfires grow nearly 30 massive and fast moving blazes are burning across the state Colorado firefighters, they're battling the state's biggest fire on record and inclement weather. Is not helping. But like everything else in American society. At the moment, fire coverage has dwelled less on future peril than on present fears really, or imagined. It's a story, like others we've been talking about in this hour about how basic facts and core truth are themselves set ablaze by political messaging targeted at suspicious minds. Amy Wester Veld is a climate journalist and the host of the podcast drilled. We've asked her to steer us back in the direction of plain reality. Amy, Welcome to in the media. Hi. Thanks. Thanks for having me. For starters, how does this fire season compared with previous ones? So I'm ah, lifelong Californian. And so you know, I've grown up with fire, but this is just unbelievable. We've sped right past three million acres, which is nearly double. The last record on acres burned in a California fire season. That was in 2018. And it was about 1.9 million. So we're at like 3.5 million now. And the fire season is not over. You know, we've gotten used to seeing fires in November and December. How did these fire start and spread so quickly? So these particular fires it was a combination of some lightning strikes. A gender reveal party were apparently a firecracker was. It just seems ridiculous. You have years worth of. I won't even say bad forest management practices. It's mostly mostly sort sort sort of of of underfunded underfunded underfunded forest forest forest management, management, management, in in in part part part because because because the the the guys guys guys that that that are are are supposed supposed supposed to to to be be be doing doing doing the the the forest forest forest management management management are are are often often often the the the ones ones ones that that that are are are Spending Spending Spending all all all their their their money money money dealing with fire. We have heat waves and drought and some changes in wind pattern. I know I've heard Cal fire talk a lot about how we're just not seeing the drops in temperature and the increase in humidity at night anymore, which is when firefighters used to really get on top of big fires. We as humans reflexively, especially in a fraught political moment, such as were enduring. Look for who or what to blame. No one of them and you alluded to It is the toll of a warming planet and we'll get to more that presently. presently. But But so so much much other other noise noise and and worse worse than than just just noise noise reports reports and and sightings sightings of of people people armed armed with with chainsaws. chainsaws. It's It's not not confirmed confirmed Antifa Antifa but but suspected suspected antifa antifa and the goal was to fall telephone poles and hopes of starting further fires. The FBI in multiple law enforcement agencies have said that is untrue. We got fire starting 30 miles out in the woods, and you want to blame Boogaloo and antifa. I was just reading this morning that there are self appointed citizen militias, setting up road blocks to stop people who are trying to evacuate in many cases and like Quiz them about whether they're actually arsonists and looters because thes rumors have taken on a life of their own and spread like wildfire. I'll ignore that necessity. Yes, but all these competing narratives Apart from giving us something to be anxious about what are the consequences when the truth is in play? There's two things one. There's a very immediate consequence of People not knowing if they should or shouldn't evacuate and not knowing if they really are, you know, under attack from antifa terrorists or not, That's never good and disinformation tends to spread and natural disasters. Anyway, This is just an extra layer of it on top, So there's that and then. Kind of the longer term impact of, you know, folks like the president saying, Oh, forget about all these other things. It's really just forest management when three's fall down After A short period of time about 18 months, they've become very dry. They become really like a matchstick. And they get up. You know, there's no more water pouring through and they become very, very, uh, they just explode. It just tends to kind of low people into this idea. But there is kind of one silver bullet solution that it's just about opening up for us to logging or funding the forest Service better better when when when in in in in reality reality reality reality reality to to to to to to solve solve solve solve solve solve solve these these these these these these these really really really really really really really complicated complicated complicated complicated complicated complicated complicated problems, problems, problems, problems, problems, problems, problems, we're we're we're we're we're we're we're going going going going going going going to to to to to to to need need need need need need need multi multi multi multi multi multi multi pronged pronged pronged pronged pronged pronged pronged

Antifa Antifa California Forest Service Bob Garfield Amy Wester Veld West Coast Colorado Arizona Oregon AMY President Trump FBI Montana Texas Wyoming Nebraska
Trump shifts on Puerto Rico, releases aid as election nears

AP News Radio

00:44 sec | 3 d ago

Trump shifts on Puerto Rico, releases aid as election nears

"As president trump courts Porter Rican voters in the U. S. he's announced a massive aid to help repair years old hurricane damage on the island for years the president's blasted Porter Rican leaders as corrupt and inept and resisted spending to rebuild the U. S. territory's infrastructure wiped out by hurricane Maria in twenty seventeen but now I'm the best thing that ever happened to Porto Rico announcing thirteen billion dollars in assistance asked why it's coming weeks before the election the president insists his administration's been working on it for a long time very tough to get things passed Democrats where they don't want to see this happen Democrats in fact had approved the funding they had pushed for its release Sager mag ani Washington

President Trump Hurricane Maria Porto Rico Hurricane Ani Washington
Trump Administration to Ban TikTok and WeChat From U.S. App Stores

The 3:59

04:19 min | 3 d ago

Trump Administration to Ban TikTok and WeChat From U.S. App Stores

"I, know there were few couples looking to buy Tiktok away potentially save it I know November twelfth of the deadline for when. Coupled needs to have some sort of deal in place. What is the current situation right now? Well, until a couple days ago, the assumption was that Oracle had won the bidding war for Tiktok, and the way that it was gonna work was instead of a US company buying tiktok or a portion of tiktok in operating it in the United States what Oracle seem to offer was to be a quote technology. Partner, which seemed to mean that they would store the data from tiktok in the United States of United States citizens but it was never really sorted out. It wasn't made very public. So eventually, that seems to have fallen apart or it's possible that president trump just decided that wasn't enough and he wanted more assurances or he really wanted a an American company to take over Tiktok and he didn't get that so. After all that stuff happened, we saw the Chinese government start pushing back on these ideas and saying, well, we're not GonNa let you any other country by technology that is very unique to China Especially, the algorithms, right the way that they sort all these videos, which is really what tick talks flavor is. Right that's what makes it work, and as a result now, we're in this space where it seems like You know we've we've we've pulled the trigger or you know set off the new girl everyone WanNa call it and We are now at the point where. The unless there's a real deal that gets put in place it's over. Yeah this is the this is interesting and surprising. Situation Given that you know with had time we've had several weeks. This executive order was signed back in August and he was sort of a that deal would get done and Not tensions between kind of China and the US is sort of escalated to the point where like now like millions of tiktok users are probably going to be out of luck, right? Yeah and there are a lot of people who are kind of winding up to be the next TIKTOK. which you know it's not there weren't people before trying to be tiktok races that Tiktok was in the right place at the right time and had the right branding to really take off. So Youtube has a new thing called shorts which is not about clothing. It's it's very similar. The short videos that you can watch tiktok mostly is fifteen sixty second videos. And, we also starting to see that from instagram. We're starting to see it from other apps like completely new social networks. I have no idea how it's going to play out right? Because it's really you know we're talking about a service that has more than two billion downloads over one hundred, million US users and. To do anything INCR- as a group is very hard right? That's why they tend to stick in their APP. So I I'm really I'm curious to see whether or not. They'll all kind of move mass to another social network yet and I know we we ignored mostly we chat. But which looks like it's not gonNA work after Sunday. It hasn't had the breakout success of. TIKTOK. But. There's. A sizable audience here in the US. For which at right? Yeah and also it's a it's a hugely popular APP. Overseas is very much like what happened when facebook bought WHATSAPP Apres a lot of people was What why is this worth nineteen billion dollars and then you know we started learning about how a outside the United States a WanNa people used what's APP because there were so many text message charges between different countries and in Europe with her a lot of countries in a small space that is really annoying. So that's what got people using it with we chat a lot of it is keeping in touch with family overseas. A lot of people in Asian countries tend to use a different social networks us whether it be line or we chat or we bow or you name it. And so a lot of people who come over here tend to sign up for those absolutely can keep in touch with family overseas because there is no facebook over there. So I have a feeling that they're gonNA probably find something different or they'll find a way around this right but it's it's GonNa be an interesting thing to

United States Tiktok Donald Trump Oracle Facebook China Youtube Incr Wanna Europe Partner President Trump Executive Whatsapp Apres
Ericsson drops $1.1 billion on enterprise connectivity provider Cradlepoint

Morning Drive with Casey and Elliot

00:21 sec | 3 d ago

Ericsson drops $1.1 billion on enterprise connectivity provider Cradlepoint

"Giant Erickson is buying cradle point to US company that sells routers and wireless networking at Cisco Systems competitors. The deal is worth more than a billion dollars. Erickson reported stronger than expected business in the summer. Border, helped by demand for its products for five G networks and also its software business ups is

Giant Erickson United States
Lego Fans Tricked By Counterfeit Kits

NPR's Business Story of the Day

03:24 min | 3 d ago

Lego Fans Tricked By Counterfeit Kits

"Lagos, are more than a toy, their investment, the company that makes those little plastic building blocks pulled in more than five point five billion dollars in sales. Last year, they often sell legos in special kits, sometimes depicting famous movie scenes and they retire those kids after a while making them collector's items for fans and upping their value. But where there's money to be made, there are also scams. Let's go into the world of counterfeit. Lego sets with Stacey Vanek Smith and Sally herships from the PODCAST, the indicator planet money. Tom glasco lives in Dayton. Ohio is three kids and they all love Lego, which is how he got into trouble. He'd been looking for a LEGO ray resistance fighter for his son and so perusing facebook one day I saw an ad for it for what seemed to be a low. But maybe not too low of a price. The exiting was half price just thirty bucks. The pieces weren't the same quality and they didn't go together quite as nicely as regular legos Tom had bought what turned out to be a knockoff. Lego set a counterfeit on their own legos are just these little plastic bricks. You can see why it would be tempting to make. Counterfeits chronic air pot or an apple watch or something the biggest and most notorious. These counterfeiters is a Chinese brand called Leppin. It operates completely openly I mean you can visit the company's website Leppin, world dot com and you will see that its logo and Legos logo are almost identical. But if you end up buying a knockoff, you don't just risk getting a flimsier product you could also ended up costing yourself money down the line if you're planning to resell your legos later on to understand how the LEGO scams work I turned to a superfan Steve Elliot he is thirty eight and lives in Albany Wisconsin if someone posts like a big seven, hundred dollar. People will zoom in and look to see if they can see the legos stamp on the top of a brick, which is called a stud. They don't see it. They'll accuse them of it being a knock off products. The lego community is enormous. There are whole websites like brick picker, dot, com brick link, and facebook groups like star. Wars Lego collectors USA, and if you buy fakes even accidentally and try to resell them, you could get yourself banned in two thousand seventeen something unprecedented happened in the Lego aftermarket, the secondary market, the prices of big sets, those giant boxes with thousands of. Lego pieces they started dropping, and this is according to brick picker. One of those Lego pricing and investment guides unprecedented here here's a clip from the brick picker youtube channel. Now, elephants in the room of course, is the Millennium Falcon and take a look at legal Millennium Falcon Graph when the Lego Millennium Falcon was first released over a decade ago. It was the most expensive legos ever four, hundred, ninety, nine dollars, ninety, nine cents, and then the price shot up to almost five thousand dollars but a couple of years ago it dropped by more than thirty percent in less than a year. By this set was one of the worst decisions that I made in my entire collection brick picker said. In Alkan started cropping up all over the Internet from places like let's knock off Millennium Falcon sets, which, of course, sell for much less a Lotta the Lego fans I talked to you were pretty upset about this. So be careful out there the next time you are shopping make sure you are getting the real thing

Lego Tom Glasco Facebook Lagos Stacey Vanek Smith Leppin Apple Dayton Ohio Sally Herships Steve Elliot Albany Wisconsin
The Positives and Negatives of Investing Your Money in gold

Optimal Finance Daily

04:50 min | 3 d ago

The Positives and Negatives of Investing Your Money in gold

"The positives and negatives of investing your money in gold by Robert Farrington of the college investor Dot Com. Do you remember all the hype around gold in the not. So distant past from two thousand, seven to two thousand eleven. The value of an ounce of gold went from about five hundred dollars to eighteen hundred dollars. If you would have purchased gold in two, thousand seven, you would have nearly quadrupled your investment in just five years. Now, that is one heck of an investment. Around this time I also pronounced that you shouldn't buy gold and it received a lot of criticism in more recent years. Gold has settled back down to around thirteen hundred dollars and sometimes slightly less than that. So hopefully, you took my advice, but the question still remains in the back of people's minds. Would it be wise to invest in gold right now? At, its current price gold is worth five hundred dollars less than its previous high. So one would think that an increase in value could be on the horizon. Here's what you really need to know about the pros and cons of investing in gold. Pros of investing in gold. In my opinion, there are three major pros when it comes to gold investment one, it's equality hedge against a down market to it will still have value of paper currency inflates and three. There is an apparent upside to its value versus years. One Gold is a quality hedge against a down market. As we all saw in two thousand seven when the stock market took a dive everyone began putting their faith in gold instead with the higher demand in gold and with a limited supply. The price of gold went up massively within the next couple of years we may witness another steep downmarket, which may again increase the value of gold. Two Gold we'll still have. Value Paper currency inflates. Local currencies constantly fluctuate against foreign currencies. It's the way of the world policies are in place to hold currency steady, but they're not always foolproof once a currency begins to make a downward spiral it can be very difficult to stop severe inflation, which of course, decreases our purchasing power. Is often the more solid option for currency since there's a finite amount of this precious metal if you have gold, then you're likely to hold on to more of your overall worth than someone that is put all of their faith in the banks and paper currency. Three, there is an apparent upside to the value of gold. As I stated before gold was once at eighteen hundred dollars but now rests at value of less than thirteen hundred. If there's a slight blip in our economy that sends fear through the nation, then gold could easily spike back to eighteen hundred mark. It no longer seems far fetched because after all the value has already been there before. Cons of investing in gold. I used to be a huge advocate of gold and silver investing but my opinions on this investment technique have changed largely because of these cons. One Gold has a terrible historical return. If you went back two hundred years and put ten thousand dollars in gold ten, thousand in bonds and ten thousand stocks, which of these investments would come out on top. Well, if you're smart, you would probably not choose gold to be the top investment but the astonishing part about this is how poorly it actually performed versus the stocks and bonds. Here are the values of your investments after two hundred. Years. Old Twenty six thousand dollars bonds eight million dollars stocks five point six, billion dollars. Based on the historical returns gold is a lousy investment. To Gold is worthless if things get really bad. As a pro, we stated that gold is a great hedge against the dollar inflating, which causes us to lose our purchasing power. This is true. But what if the currency becomes absolutely worthless and we all have to resort to trading goods to survive what value is gold at that point? Well, let's see me certainly can't eat gold. So it is of little value for that purpose and you really can't make anything easily out of gold either. So there really isn't any value they're pretty much at this point your gold nuggets in bars are only as valuable as Iraq because he might be able to throw it at something and kill it. Three gold only earns you money when you sell it. The biggest con of investing in gold in my opinion. Oh and Warren Buffett's is that it produces you absolutely nothing when you own it. If you want to grow truly wealthy than you want to buy an asset that produces a passive income while you own it so that you can then by other assets that make you even more wealthy. Warren started doing this as a boy. When he bought a hunk of land, he knew the land would increase in value but the truly great part is investment was that he could earn an income each year from the local farmer that wanted to rent his land after a few years of Rental Income Warren Kundun reinvest his money into even more land and do this over and over again, this method allowed him to buy assets that gained in value, but also gave him income while he owned them.

Warren Buffett Robert Farrington Iraq
What Are The Costs Of Climate Change?

All Things Considered

05:56 min | 5 d ago

What Are The Costs Of Climate Change?

"Faces catastrophic flooding after yet another hurricane. This one Sally Lumber to shore early this morning. Meanwhile, record setting fires have been burning in the west for weeks. These climate fuel disasters are not only dangerous, they're costly. Billions of dollars have been lost. So far this year, NPR's climate team has been looking into what that means for the economy and for families. Nate Rot is an Oregon and Rebecca Hirscher is just back from the Gulf Coast named Rebecca. Hello to both of you. Thanks and Becky. Let's put this first question to you. We know that climate change makes a year like this one more likely to occur. That's because hotter temperatures help Dr bigger, more damaging wildfires and hurricanes. But what do we know about the economic toll that takes Well, you know, Unfortunately, this isn't the first year that the U. S. Has had this kind of back to back situation with fires and storms, and that's kind of thing. As you said the global warming helps fuel and the federal government. It actually tracks this data. So we have some idea of how expensive these things are. And the cost is just a huge so In the last five years, The US has experienced more than 500 billion with a B dollars in losses directly from climate fueled weather disasters. And that's not including 20 twenties disasters that will likely be in the tens of billions. $500 billion in the last five years. Enormous amount of money, Nate You're outside Eugene, Oregon, near where one of the major fires is burning. Give us some sense of what those fires mean for the local economy there. Well, they've just been devastating. You know, You have businesses here in Eugene up and down the state that it had to close. Just because of the smoke on. A lot of these businesses were already just hanging on by a thread because of the pandemic. Then you've got the direct damages from the fires. Lost homes, lost timber glass buildings, lost infrastructure. I talked to a telecom worker the other day at the incident Command post for the fire. I'm near and he had just gotten back from being in the burnt area. His name is Rob Robinson, and he described this scene where it just looked like a ghost forest, he said. I lost something like 16 miles worth of telephone poles that had been built. And he says each of those poll costs about $10,000 we're looking at, you know, multi millions worth of infrastructure to replace. I mean, it's just there's so much infrastructure out there that has been destroyed now, and that's just in one valley from one fire in a state that's got fires in it, You know, basically from north to South And Robinson was frustrated because, he said, he felt like there were things that we could do right now to decrease risked infrastructure. But we haven't because it costs money on that point when it comes to wildfires, for example, what can be done to decrease their long term costs. So it's going to take a big change in the status quo. You know? Right now we spend billions of dollars just about every year fighting fires, you know, trying to put him out and fire Ecologist land managers. Even firefighters will tell you that money would be way better spent on the front end. Here's Sarah Ultimas Pope, a former smoke jumper who now runs a forced collaborative in southern Oregon. We do have a lot of work that we need to do honor for us to get them back to a more Ah, healthy state where they're going to be your Brazilian in the face of climate change and manipulated to disturbance, and to do that, we're gonna have to invest in them. So, she says. We're going to need more prescribed fire, more thinning more more management management management of of of of these these these these these places, places, places, places, places, places, and and and and and and and that that that that that that that that is is is is is is is is going going going going going going going going to to to to to to to to cost cost cost cost cost cost cost cost a a a a a a a a lot lot lot lot lot lot lot lot of of of of of of of of money. money. money. money. money. money. money. money. You You You You You You You You know know know know know know know know billions billions billions billions billions billions billions billions of of of of of of of of dollars, dollars, dollars, dollars, dollars, dollars, dollars, dollars, so so so so so so so so that's that's that's that's that's that's that's that's wild wild wild wild wild wild wild wild fires. fires. fires. fires. fires. fires. fires. fires. Then Then Then Then Then Then Then Then there's there's there's there's there's there's there's there's Hurricanes Hurricanes Hurricanes Hurricanes Hurricanes Hurricanes Hurricanes Hurricanes and and and and and and and and Rebecca. Rebecca. Rebecca. Rebecca. Rebecca. Rebecca. Rebecca. Rebecca. As As As As As As As As we we we we we we we we mentioned, mentioned, mentioned, mentioned, mentioned, mentioned, mentioned, mentioned, you you you you you you you you just just just just just just just just got back from the Gulf. Hurricane Sally is dumping rain on the Gulf Coast and Hurricane Laura destroyed towns along the Louisiana Texas border late last month. Give us a sense about the hurricane cost. Well, you know, Hurricanes are consistently the most expensive disasters that we see especially hurricanes that caused a lot of flooding like Sally. And that's really bad news, because that's exactly the kind of storm that's more common as the Earth gets hotter. This year has been really bad. There have already been 10 climate driven disasters that cost more than a billion dollars each. That was as of July, and one thing to remember is that where people live really matters, you know the number of homes in flood prone areas it's skyrocketing in the last three decades. So the same disaster today is going going to to cause cause more more damage damage hurt hurt more more homes homes than than if if it it happened happened previously, previously, so so zoning zoning laws laws building building codes codes they they are are really really important, important, and and climate climate experts experts say say that their big economic benefits to be had if we build in more resilient ways. Rebecca and Nate. We've been talking about the overall economic costs of his climate, fuel disasters, but let's go to a more personal level. How does this affect families? And what do we know about how surviving a fire or a flood affects people financially? Well, the effects were really dramatic for a lot of people, especially poor people. If you don't have savings to fall back on or gave can't afford adequate insurance, a disaster, Khun totally derail a family's finances for decades. People whose home is their only source of wealth. For example, they're more likely to end up renting. Even years later, bankruptcy is more likely. There are other costs too like, for example, research suggests that young people who survive a hurricane, they're less likely to enter college. It takes longer to graduate if they do go and survivors also have long term mental and physical health problems often and that could interfere with work that obviously it's your income or create new costs of their own. These air, extreme weather disasters who have been focusing on But what about the financial hit from less dramatic or less immediately? Noticeable climate impacts like the gradual rise of temperatures. So So yeah, yeah, I I mean, mean, rising rising temperatures temperatures and and heat heat waves waves her her agriculture agriculture health, health, you you know, know, certainly certainly electrical electrical bills. bills. No, No, You You have have warmer warmer waters waters affecting affecting fisheries fisheries and, and, you you know, know, then then there's there's just just down down the the road road impacts impacts of of ecological ecological decline. decline. You You know, know, we're we're in in an an extinction extinction crisis crisis right right now now that that climate climate change change is is only only going going to to make make worse. worse. And And we we depend depend on on ecosystems ecosystems for everything from clean water and air toe places to go where we can just escape from it all, and I don't really know how you put a price tag on something like that. That's

Rebecca Hirscher Oregon Eugene Nate Rot Gulf Coast Sally Lumber NPR United States Rob Robinson Gulf Hurricane Sally Becky Sarah Ultimas Pope Hurricane Laura Khun Louisiana Texas
"billion dollar" Discussed on SPACE NEWS POD

SPACE NEWS POD

07:53 min | 8 months ago

"billion dollar" Discussed on SPACE NEWS POD

"Hello everybody and welcome back to the show. My name is Willa Walden. I'm your host for the Space News Pod. Today they were GonNa be taking a look at the budget for NASA Twenty Twenty one will see twelve percent boost for the NASA. It's a budget and three billion dollars of the budget goes almost all to commercially. Made Lunar Lander's so there's a couple of companies that do this or want to do this. Blue origin Boeing Lockheed Martin Northrop Northrop Grumman dianetics in Sierra Nevada Corporation. And also SPACEX and I'm GonNa get into that in just a second but I want to remind you that if you are going to buy anything on Amazon there's a link in the description of this and if you want to help out the show you can click on that link and I take a tiny chunk of them so if you buy something on Amazon it helps me up an affiliate of Amazon and You know every purchase. It helps me out. I get like I said a tiny tiny bit portion of every purchase. So thanks everybody who have been doing that You are helping me. funday tripped trip to Florida. In April of this year to go see rocket launch and Kennedy Space Center in Florida. So thanks I I do appreciate it and if you are willing to go even further. There's a petri on Patriot dot com slash space news. PODCAST if you want to help out thank you so much for everybody who's has been doing that and Let's get back to this. Twelve percent boost for NASA for Twenty Twenty one K so a human landers for the arts program are very important. People need to land on the moon in order for The next phase of space exploration flourish to begin. So what's going to happen. There's going to be a lunar orbiter while there was going to lunar orbiter but apparently there's a bill that's being kicked around a little bit that says that the Lunar Lander can be Lunar Lander the lunar orbiter could be a lunar slash Mars. Orbiter this sort of go between gateway in between those two things. So what does that mean. What does that mean for the budget? Well it means that There is a twenty five point. Two billion dollar budget for NASA in this is the largest that has been since the nineteen ninety s and this orbiter lunar slash Mars Gateway in the future. Maybe thing according to this budget now. The Lunar Lander is important in. They need a lot of money to get this thing right because human lives are on the line and if they don't land properly well. There is a lot at stake for NASA and for the people that are involved with that landing the lot of research and development. There's a lot of testing. There's a lot of Getting things wrong in order to get things right and you have to break things in order to fix things right. So that's what's going to happen with that. Three billion the B.. That's basically just for the lander case. So there's more money involved to the state of the Union By president trump stress that the administration's commitment to space which is backed up by the twenty. Two thousand one budget numbers Said Ed space exploration will reinvigorate the landscape of American science. So they want to help the scientific community by giving them a little bit more money you for these lunar landings which is pretty awesome. If you ask me no matter what your politics are with no matter. What side of the aisle? You're on if somebody's throwing money at NASA and saying hey do incredible things. That's great whenever NASA gets more funding funding and they can use that funding to do incredible almost like illogical things like send people to Mars then and that's a good thing. We want those things in the future. We want to have a steady budget climb for NASA because these things as you know the the exploration of our closest neighbor the moon and our next pleased to hesitate habitat. We're GONNA make a habitat on Mars. Those things are important and they cost a lot of money to do that because commercial programs you know like commercial. Companies like SPACEX like Boeing like blue origin et CETERA. They need that money to pay the people to make the things to get us there and they wanna make a fleet of you know Different landers possibly to get us to the moon. There could be more than one winner you know with these budget things happen. It's like okay. So a couple of companies could build landers couple of companies could build rockets. Could starship thing possibly you know SPACEX has already thrown their head the ring to be a lander to be To be certified basically to land humans on the moon and and if that's a possibility that's great for SPACEX that's great for engineers as great for scientists because the more the more money that goes into these companies. The more money goes back into the economy which is great so three billion for mainlanders. That's pretty awesome now. We haven't really Ali Sina budget for Mars yet So there's about four hundred million dollars that's Budgeted for extraction of water and oxygen from lunar sources as well so basically they're going to land something on the Moon Find a water source finds mice get some oxygen and water out of that ice and figure out how to make that had into hydrogen and oxygen and water because we need hydrogen. It's basically rocket fuel right. So you get the hydrogen from the ice you. He made it into rocket fuel. You can send somebody from the moon back to Earth or from Mars back to Earth etc so since you ice to hydrogen oxygen oxygen and water. It's going to be a four hundred million dollars doesn't seem like a lot compared to the three billion for the lander but it's a good stepping stone a good start for this budget so they're gonNA start making more things for the Moon Now this is pretty cool and I'm pretty excited about it and I'll let you any more that I find out there's going to be a talk from Jim Breitenstein coming up and and I'm going to have a live Youtube Viewing Party and this is going to be February tenth so I want everybody to tune in over to the Space News Pod on Youtube for tenth at twelve thirty pm so Space News Pat on youtube dot com slash space news pod. Jim Bryanston the head of NASA will about the future of the Moon to Mars artists mission. Check it out. Come hang out. It should be pretty awesome so on that I'm GonNa say thank thank you for taking the time out of your day to spend a here with me on the speaks news pod my name is will walden and I will see you soon..

NASA NASA Twenty Twenty SPACEX Twenty Twenty Boeing Lockheed Martin Northro Willa Walden Kennedy Space Center landers Amazon Sierra Nevada Corporation Youtube Florida Jim Bryanston Jim Breitenstein president Ali Sina Boeing
"billion dollar" Discussed on Ripper Magoos with Bob Menery

Ripper Magoos with Bob Menery

06:13 min | 8 months ago

"billion dollar" Discussed on Ripper Magoos with Bob Menery

"Was that selling Jersey Jersey team. Definitely Patrick mahomes today. Yeah he's number one. I'm pulling for big red meat. Tim Joe go anywhere. Stay okay with us. We just need a minute. You know. It's funny I have. I'M GONNA be honest with you. I'm Paul so I just looked at the number so I thought that the forty. I'll give you some really great amateur with anybody yet. So you'RE GONNA get it here. I unique aspartame clearly he's thinking about Cj Franko and making she's thinking about Lille cj and me doing all right so so my fucking outcome MARLA. I thought I had thought that the AWW are early math show that the forty niners was going to be Fifty percent better than the chiefs and Revenue and the chiefs at markets. Come out of nowhere so we thought the forty niners will be spectacular outcome and we thought the chiefs should be you. Don't call it a third smaller And the chiefs of believable chiefs are actually much better economic. So if you'd asked me two weeks ago I would've said forty niners who want to win for business the chiefs actually. How come January? Good Buddy of mine. I love the guy so I always root with my I always in my heart and I was GonNa make us the most money so I'm rooting for the forty niners rooting against fanatics. Right now. Because I don't care because Jed Had York's great guy and I want to see him when so it's GonNa be it's GonNa be interesting but you would have been a little bit. I haven't been there in fifty years and I got big business. I it's like. I think we're SANJIV JOHN chief t-shirt to everybody in In America right now. They're voting with their wallet. Let's let's be honest upset at the Tennessee. Titans are playing the San Francisco. Forty nine five so the rest of America versus Seattle. Actually she does really good for business. Really Tennessee Fran. Tennessee would have been a nightmare. Tennessee's very bad for business. I I can tell you the lead to two hundred thousand nine budget for Breaking Electron ix at Tennessee. No Shit no shit packers. How they sell packers are very good? But I'm tasting right now. The best hot market we've had in. The history of the company was Chicago cubs in two thousand sixteen. We did close to one hundred million dollars and cubs business number to ever was the eagles on when the Patriots and I was actually rooting against my home team. Because of how close I am with Robert and Jonathan Kraft. You sold John's. Were you in the box for the rest of the next round Robin John was right below you with Mike Trout. The this is a business and so people don't sometimes fans get mad at me and Philadelphia sixers fans who like me like how could you possibly root against the eagles. And you'll look jeffries a good friend of mine and how he's a good friend of mine. I'm friends with a bunch of guys who planned being planned the team. But you know Robin Jonathan Kraft. I mean they're family to me. They've done more than so many people in the eye. Talk to these guys every single day. So you gotta you gotTa root with people that are that. Are Your family for you anyway. Favorite team the The only positive thing was the only positive thing was that when I really want the Patriots to win when the Patriots lost at least we did like An extra fifty million dollars of business that made goes through for five hundred fifty yards in that game. which is in May we might need to five seventy five when he was fucking? It might be one of the best super bowls of all time. Maybe yeah it was crazy. Meek was imprisoned eagles a plane off meeks music Roberts really good friends with me trying to help me get out of prison and really Robert looks at me and like the third quarter Michael. I'm so sick meeks voice but I cannot hear his voice anymore man. You know. PHILLY's loyal staff. Is there or anything you real quick before we wrap up here you can with Timmy's nurturing got four guys. I'm going way back. This is twenty five twenty five years four legends of Norris town one of them had this quote with you. There's four these guys I think they were all with you in Vegas. This is this is way back before I get his point. So if you didn't tell you whether it's true or false all you have to do is if you can name the person that said this quote. I'll be shocked if you can't give you multiple choice. Okay how long is this GONNA fuck takes. So you're in Vegas. This guy's face before Right Mike with your looks and your billion dollars. We're definitely going to get some girls tonight. I have no idea okay. I'll start with was it Dan. Metzler don't say yes. That was it Christian Molnar was it. Judy Jud arena. Or was it Craig Salman. I'M GONNA say by process of limitation that it was not Craig Salman because he's not that witty geico thousand I`Ma say it's not jude arena juices study. I don't see that coming up. His mouth is Dan Metzler. It was Ju Ju it's not that funny stuggling good-looking normally take that jude. Rubens killing you. I love it Michael. Thank you for coming year. The man's fun hanging and we're GonNa have some fun and I got the invite to the fanatics party this year. I had to beg. Yeah we're GONNA MAKE YOU BA security. I call by Les Mike Anyway. We can get a couple of super tickets. I yeah plug fanatics a little bit of like. It's my go-to because I went to the party last year. I think it was last. What about family style? I mean we gotta support the Philly who you reading for. Who Do you the report forty niners? You should probably for the choose for fanatics. Whatever you want me to do and by we we we have the best ball? Game coming up Philly Boston no a one hundred to five thousand on the backward shut in twenty shots we will We'll find time to do this or that. We if we need to home. In Ruben. We have a bad one hundred dollars. I five thousand episode seventeen. Wrap this up Michael. Yes typically since we got Michael Rubin here WHO's a very strict professional soccer player. She played professional talk. Which is why now I understand? She's very happy that we don't have the N. W. L. S. F. O. S. L. deforming the goal goaltending gets ten penalty. Kicks against me. Yes how many think. I'm saving zero. God you for site unless she hits an Errand shot and Mrs one would ever think that's possible we'll save it for another fucking professional soccer player. He's not missing. Shot against an old out of shape played under keteric pick. It had some spectacular saying I mean. He's inside drop..

niners Tennessee Michael Rubin chiefs eagles Patriots Dan Metzler Robin Jonathan Kraft PHILLY Craig Salman Mike Trout Vegas Robert soccer Robin John Jersey Jersey America Patrick mahomes Tim Joe Cj Franko
"billion dollar" Discussed on Ripper Magoos with Bob Menery

Ripper Magoos with Bob Menery

05:59 min | 8 months ago

"billion dollar" Discussed on Ripper Magoos with Bob Menery

"Do you remember the first words when when you first meek as well because he's walking towards allegheny. Let's get the fuck Outta here. I mean we really I mean I just been with three three hours later. I mean he was the whole thing was crazy. He didn't even know he was like I was trying to call him on the phone he's on TV that he was being released from prison. And then the judge didn't want to let them out she wouldn't sign the paperwork and so we're like I basically said to ten lers you go down to the courthouse. You do not leave. Make they'll have to arrest you if they don't let him out today. You stand the courthouse and demand to get this paper sine so finally the judge signed the paper and just kind of gave up fucking amazing what I love. That's really special. You guys are doing is you. Just is something I think. In December with the kids that were affected. Yeah it it was. It was pretty cool. So one of the things that meek and I was talking about this. There's so many kids that have their parents that a currently car serrated or previous La Carte incarcerate for technical violation relation. And that's why we're we're trying to change people going to prison for not committing a crime. That's the thing that's so wrong you know to me. I always thought I don't know what you guys I thought if you go to prison you going because you committed a crime minded people and Kristen for not committing crimes. There's today twenty five percent of people go to prison. Each you go to prison for no communication for technical violations. That's what we need to eliminate that means that because they don't have enough money to the most common things by the way we're the country so smoked weed number one test positive for smoking weed. Number TWO IS MR probation appointment and number three. I couldn't afford to pay my fines number. Three's probably biggest one right. Those three or eighty percent. Yeah and in those cases you know by the way someone has a job. They don't WANNA lose their job so they don't go i. I lose my job and I can't afford to pay for my family or go to the public. So it's like the kind of stock and so this is what happens every day and so basically meek and I talked about this. He said we gotta do something special special for kids that currently parents currently for technical violation or have been incarcerated in the past for technical violations so we found fifty kids we actually bust them out of the NBA store store New York City. We game all shopping spree. They met The owner of the Brooklyn Nets. They met a couple players from the Brooklyn Nets. Dj Cowed Meek. We then Robert Kraft sent the Patriots team. The plan this the the same plane that the players fly on put all the kids in the plane. We took him to the Patriots game and It was an incredible experience. The kids had daily life that the they're never forget. I think these kids not only do they have an incredible day. They saw what was possible and we opened the rise to you. Know what you deserve better than this and you can get yourself out of the situation and it was you. Yeah for me. I actually left on vacation with my family. Took my mom and my sisters in the husband's at kids to The Caribbean the day before I actually trump my family up. I didn't I wanNA tell him. I had to go back to New York second. I drop them off. I dropped him off and then I went home. Barack came back to New York and Boston the next day for me. It was such a rewarding day to see these kids the smiles they had. And how how you know how much we really impact the lives. So is it safe to say that Make Mill is not sending you a bill when he has to perform a fanatics party is it was performed at one but now he would definitely here. You're not talking prison. Listen if I tried to pay would never take the money because I was curious. I one thing I always wanted to know is meek mill charges Ruben. He it last year he headlined with Cardi B. and actually because to me I always compartmentalized. What I did was all personal? Because he's he's like a brother to me person. I had nothing to do with. Phoenix actually tried to pay me. Look like Michael Michael. Don't ever ask to pay me. He was like he was mad at me from asking. I'm like it's the company. It's nothing like Michael of ever tried. Pay Me again. I'll kill you gamble by the way. I'm gamble a few hours of Taylor. I do remember. Actually the reason I I found out who you are obviously like I saw a clip on line of meek mill I think was meek mill and Michael Michael Rubin Bet I think he threw the ball. was that make the yes. So how was that so there was a basketball. Probably well. There's a little there's a little background Akwesasne Joel. EMBIID was at my house and he basically with with one hand did a backwards shot and I shot made a half court backwards with one hand and so I saw this on like like how did he like. If I if I did this a thousand times I would never make it literally. Half Court wanted hand backwards. I shot so I went out that night and I was with my girlfriend. I'm like you gotTa take this and I basically start trying to make the shot and literally after like twenty only shot. She made it. which was maybe a miracle for me? I think if you gave me the ex very athletic. I've senior dance. It's my best. Go says my athletic abilities. I mean I literally could be at least person actually not even the nights in the entire world I'm like I was not given coordination so actually made the shot up to twenty shots and he thought it was the Great Fluke. So Meek saw a AH I could make that shot a second. So I'm like okay. I'll bet what he wanted. I'll bet fifty grand and and of course we had twenty five shots. He made twenty two or twenty three so the battle is fifty thousand dollars. He's twenty five shots to make it back and he made like twenty two or twenty three by the way. We'll try as well. He'd never made it by hand and unpacking do that. I think he'd do half court back with shot we. How many shots would you like? Twenty would you like the best to be well. I don't have a lot of money but we put up one hundred dollars up and I think it's if she makes it she gets five grand done done all right five a half court shot all right. She gets twenty shots twenty backwards county bucks to five grand must have done deal. What was meeks bet? Makes his fifty straight up like yeah. That's fucking horrible. Bet The odds are extremely unlikely against to make well. He was much more confident. His athletic abilities workout right. I mean twenty five five. You'd think he'd have a feel for it now but still it doesn't make sense. You know like our flatbed for odds you know true or false the Brigada in Atlantic city. You won the most amount of money playing blackjack in the history of Atlantic City in one day does not currently we are fucking research pretty close so right there might Donovan Day. Back in the day had good win. That could have been beat since then. All right you out. Do you like to discuss numbers. What was the what was I? Don't know what's going.

Half Court New York City Michael Michael Meek Brooklyn Nets Michael Michael Rubin Bet Atlantic city Patriots Make Mill allegheny Caribbean La Carte Robert Kraft NBA basketball Barack Phoenix Kristen Akwesasne Joel Dj
"billion dollar" Discussed on American Greed Podcast

American Greed Podcast

07:58 min | 1 year ago

"billion dollar" Discussed on American Greed Podcast

"For every person that person recruits and that can continues down six levels Mark Albers is senior staff accountant for the SEC. Boston it's a way that you can exponentially increase the money that he's coming in for virtually no effort on your part other than your initial recruiting of the people directly below you and recruiters all have one requirement you cannot write a check you can no use a credit card he had to be cash and why cash only aw because recruiters have figured out how to game telexed free. When a new member comes to a recruiter they often pay thousands of dollars to open the town's once the accounts are opened the membership fee for those accounts needs to be paid to telex free but the recruiters do not pay to extremely the new members cash instead they pay using credits that they accumulate by recruiting new members and they pocket the cash ultimately a lot of the money didn't actually go to telex free it was going to the high promoters there were promoters at the very top of the pyramid we're making a lot of money out of the scheme and with so much money to be made signing up people for Telex free recruiters begin to open their own offices in storefronts welcoming people off the street it was truly a secondary market in which these storefronts would pop up in towns with large immigrant communities were people would come in with bags of cash and just pay these pre existing members of telex free to sign them up but to make these trends actions work recruiters need lots of credits and suddenly credits are in high demand they become a form of underground and currency people were paying loss of cash his credits because those credits were the key to future compensation Rosemary to Rico shout when a recruiter shows up at our door and want to buy her credit which keep brought to my house sixty thousand a cash I said I don't have that amount you know I said I wish you'll have that amount and wilder thousands of people capitalizing on the telex free credit boom there is one person with a particular advantage Carlos one Zeller according to federal prosecutors he is running a kind of insiders club where he manually adds credits to friend accounts they collect cash from new members and deliver it to him and it was almost a way to embezzle money out of the company and we have stories of people showing up a telex literally duffle bags of cash it appears that one seller was able to extract from telex free millions upon millions of dollars in the old days before the Internet predatory frauds like telex free relied on personal relationships to spread the word of escape but that was then and and this is now right from the start James Maryland Carlos ones under turned to social media to promote their amazing opportunity and this is truly a twenty-first-century fraud when we first started looking at this scheme we went online and looked type telex free into youtube and there were just thousands of videos so you to facebook twitter had the ability to just exponentially increase the awareness of the scheme overnight almost muscle as some of the videos are made by telex free designed to explain how the business works the thought up in Basle wind favors others keep members updated on changes in the company but it is not long before people watching the videos realized they can cash in on the company to all they have to do is set up their own telex free website like this one they would walk through the compensation plan was locked you how easy it was to post the ads and then try to get other people to sign up three and through these sites the telex free message takes on a life of its own youtube will make you famous overnight but now we can see that youtube could also make fraudsters rich overnight as well just months after his launch telex pre promoters show potential members in Inter ed videos that it has a staggering following designed to attract new members of the videos document popular telex free events called extravaganzas this video shows have been held in Brazil in two thousand twelve but they are all strikingly similar interviews with big winners offer evidence of money being made and Maryland ones other portrayed as hugely admired select and when you watch the video that really strikes you how pulled in to tell free all of these people are they view Maryland Juan Zoeller as their champion's tour going to help them change their lives and everyone's going to make a lot of money in almost no time the videos posted online fuel collects freeze expansion around the entire grew to Russia to China to Malaysia to two hundred forty eight countries thank God out of control because it wasn't just them talking about tax free entire unity's while some online recruiters are generating big bucks for themselves at the end of the day according to federal investigators there is no no one who is making more money than Carlos One Zeller who is shown in online videos as the picture of success by all appearances his dreams are coming true in addition to the bags of cash being delivered to him court records show he is sending millions of dollars there's overseas and he and his wife are creating a small real estate empire with thirty different properties including his million dollar house and as you chooses and several houses in Florida finds our of course was in addition to buying real estate he was buying cars and boats including yacht he uh-huh for our easy by three BMW's he bought of course a lot of money to burn tech free begin in Brazil at its peak it has one million members there and as the Youtube video show those members are as enthusiastic as any impossible maybe that is until June two thousand thirteen when a court decision makes the news this again we it is a Brazilian court issues an injunction freezing telex freeze assets and shutting it down in that country because the Brazilian court has Rooted Telex Free is probably a permits game immediately Merrill pose a reassuring message online the US market for still growing like crazy please continue.

Boston Mark Albers SEC senior staff accountant million dollar
"billion dollar" Discussed on American Greed Podcast

American Greed Podcast

01:47 min | 1 year ago

"billion dollar" Discussed on American Greed Podcast

"Hi everybody I'm becky quick along with Joe Kernan and Andrew Ross Sorkin welcomed the squawk pod from CNBC that's right we are launching a podcast every day pod brings you the best stories debate analysis from the most powerful show business news you'll hear interviews from our guests special behind the scenes content and the latest headlines every walk five today this is the American greet podcast presented by CNBC. I'm Stacey q In this episode of American Greed Carlos One Zeller and James Merrill become Internet hotshots through Videos there's these kinds of videos go viral sodas the scheme unless like a religion people wanted to invest every single last penny they had spreading their message to almost every country in the world they con- one point eight million believers to Jellab three billion Auburn on their bogus business with another forty five hundred and then couple months later had achieved monies we put another fifteen thousand and back fraud headquarters their victims money is piling up we have stories of people showing literally deference of cash and where do investigators find the stolen millions where else in a mattress.

CNBC Andrew Ross Sorkin Carlos One Zeller Joe Kernan Stacey q becky James Merrill fraud Auburn Jellab
"billion dollar" Discussed on Stories Behind the Grind

Stories Behind the Grind

10:29 min | 1 year ago

"billion dollar" Discussed on Stories Behind the Grind

"An impactful business uncovering insights strategies and tips to help you increase profitability and developed a throbbing team culture the stories behind the whole class because you're the founder of billion dollar buddy helping men reach their potential in health power and confidence top of thirty on the thirty influenza and especially touched up six hundred clients. Tell me what was it like growing up for you. In the idea of billion dollar buddy come from he had a really good question man. A lot of it was came from my struggles as a businessman. My Dad was business owner. I got to see what he went through when it came to half bring business home in in how business in finances really affected our family life in my uncle was a business owner as well and both of them got really crushed two thousand eight year in America when economy basically collapsed and allow the service based businesses and product based businesses really took a hit because people in just spending money for no reason and so my life like man. I had a lot of problems with my parents splitting up when I was a kid and got a lot of anxiety from them. I didn't really know what I wanted to do. I didn't know how to make them all happy but through that process also learned a lot of things like I said my dad being a business owner. I learned that you could just exchange value for dollars at a young age so I can make money on demand. I had a many times before the age of ten thousands thousands of dollars in my savings account because I just go out there and mow lawns and we'd wack and do these things to make money but I didn't really have a reason to be a business owner and entrepreneur besides to provide for myself and me and my dad had a big falling out on us about thirteen years old. I didn't talk to him for about three and a half years in throughout that period I lost pretty much any vision that I had for my life on top of that graduated from high school the one point eight. GPA enduring that process I gained sixty pounds so now we help these men become become three dimensional will be call it was prospering health wealth and relationships mostly because through my journey and failing over and over again. I realized that there are three things in every man's life that cannot be outsourced and if they cannot be outsource. We should probably get good at them because we can't run away from them. Those three things were their relationship with their intimate lover right there. You have relations with your family. Your friends people that are like family then a network you have your health which is mental physical spiritual emotional and nobody can help you plan to follow but you physically can't have someone eat for you and you can't have someone move for you and then when it comes to wealth and being provider as man. I worked works specifically with Manual on businesses and I knew that it was our moral obligation to cast that vision and to build something that's growing whenever rechargeable potential so throughout that the process man I I really failed in all those like I said sixty pounds overweight one point eight. GPA and even when I got into business I didn't produce more than three thousand dollars a month for three years. So my goal now is to take these men there on a similar journey to help them gain the skill sets gained the network and gained brotherhoods veiled empower them to be able to actually prospering those three areas of their life differently helping men take back control of their health wealth and relationships definitely help them to be better versions of themselves or if they aren't doing that right now like they're literally living life in a way that agitated in a way where they're not happy and I already know this because that was me like no matter what how how much you achieve money wise. If you're not feeling every day like legitimately you'll still have insecurities. You'll think about your money when you're out in public but nobody at the gym and nobody at your daughter's birthday party cares about how rich you are because in each environment. You're only honored for certain things like at the gym if you're not fit. No one cares about your bank now. If you're a business event no one cares how fit you are like you matters Yup when you're at a relationship thing like people Lincoln about relationships and so no matter what like like all these areas of life 'cause insecurities if we don't feel confident feel like we have control over them and so really it's like I know already that people are struggling with it and the reason why is because I went through it myself man. It was definitely a tough journey and I appreciate you creating spaces like this so that people can have breakthrough have to go through the three years of crap that I went through to just build a business like they can legitimately take the ceiling that you and I have and make it their floor that they start out differently official. Are there any common areas out of health wealth and relationships. Are there any ones you try to focus on first. We know helping men so I really focused on the actual personal development meant the man because I truly believe that the man who shows up in the situations of health wealth or relationships who that man is can transform that specific result the really focused on what they wanted life. Why are they doing what they're doing and how can retire like what they want out of life why they want it to actually get them to do the things it's GonNa take to go out there and do it so very much so focused on the man I and generally like that's around wealth sixty six percent of our twenty four hundred members want to you go out there and actually build make more money. That's the number one reason why they come in so the big thing for us is like we give people what they want and then actually we sell them what they want to give them what they need and so we show them that hey like without going out there and transforming yourself transform your relationships transform your health. You're not going to go out there and build that business that you walk but definitely focused on how can these men gain power and confidence themselves so that when they show up in that area of their life their health the lace ship for wealth. It's really not either of those fridge man. Their motivation to become powerful and confident is different though I do focus on the man because I truly believe that if I were to take someone like yourself at WHO's as all these expertise is if I take one of our guys that don't have expertise scenario that you have an expertise. If I were to put you in their situation you would make it work like you know how you feel confident. You feel powerful. You understand how to create results in those areas and so really trying to figure out what results they really trying vinik create right now we focus on them first empowering them giving them the confidence giving them clarity of vision and then equipping them with the actual tactics to be able to produce results. It's definitely not come back down to the character and identity component I in full months. You're GONNA have all the skills at all the tactics but you've also be the character that can wheel Bosio tools and tactics to make progress forward kit tools and tactics or not what are missing right now for anyone's life. What we found is that every single man knows that they should probably be eating healthier and probably should be getting more exercise to become fit. They already know this but they're not doing it and so we really focused on. How do we get men to take action on the things that they already know? Go produce a result and then go learn something new. We call it just in time learning. They learn based on what they need to know today. Day like to solve the problems today not based on like some theory that they're gonNa have five years from now. We helped him apply things they know get results and figure out what problems do they need to saul all today that are going to move the needle forward. That's the IVA comes that sort of an unparalleled by analysis having too many options and intimate knowledge going on the head. Nobody's going to execute on any of them with just in time learning. It sounds like it's people can then. Oh Man can apply almost tried bicycling win. They needed as needed right now. Now one hundred percent man a really good point in. I used to think back in the day that I needed to be really successful. I'll tell you the truth. Actually I used to think think that before I go to the gym. I had to be. Super Fit like this was one of my earliest fears. That just made no sense. I remember being about sixteen seventeen years old and I was like man. I want to be fit but like I'm too scared to go to the gym because if I go to the gym and I don't know how to use the equipment and I'm just not that strong. GonNa be embarrassed so I was like how can I get like strong wrong and fast and fit without going to the gym and at the same thing happens in men's lives. Were were like man like I'm just not successful enough to show up to networking events I. I just don't think that I make enough money to invest in myself. I just don't know of like I'm ready for a relationship because I'm not that good relationships yet and the biggest problem around. Is that the it keeps us from doing the very thing that's GonNa give us progress and that's what happened to me. I was scared to go to networking events because I was a carpet cleaner for two and a half years dude. I've made twelve hundred sixteen hundred dollars a month for two two and a half years working fulltime a physical Labor job and I physically was too scared to go to networking events. I didn't know how to invest in myself. Ralph and that's what caused me to fail. I thought once I become successful than all invested myself once I become fits then I'll go to the gym once I know how to master astor. Relationships and unperfect then get into a relationship problem is those days will never come unless you take action. Do remember the moment that you made the switch that demand the realization that you didn't have to be super fit to to go to the gym yeah so this is the thing is like people are always looking. I was looking for this like silver bullet. Of How do I break these insecurities off. You know what I did. Starting Al is a stepping stone to where I'm at today so what I did I is. I went to a city that I knew I knew nobody at and I got a trainer and I went out there and for a year worked out with a trainer in a city that I knew I knew nobody because I didn't care about like random. People judging me that I didn't know I was afraid of running into my friends from high school. They would think it was a loser by didn't know how to work out and and those were insecurities like those were immense insecurities and the people that I'm talking to you right now like we all have different insecurity different areas of our life and I'm not afraid to talk about it because this is what's helping our other guys as well so I was super insecure about founded city that I go out there and take action and get help and I didn't feel like I was judged so for people that are thinking like like whether it's relationships or health or well right now think about cave. You are feeling insecure in these areas. Who could you talk to you know like one of the big things that we talk about. is allowing your mass to become your message. How can you tell the overcoming story like the things you've struggled with that will get people to relate with you and then from them relating with you you can lead them to an answer and a lot of people are like oh. Does that mean that like if I'm struggling with something right now I should broadcast it to the world. I'm like well dowd kind of be like me back in the day. Go into this really fit jam with all my friends. I just wasn't there yet and so that's not where you're at then find one person that maybe doesn't even know you. I thank call a random person..

business owner influenza founder America saul Lincoln dowd official Ralph billion dollar sixty pounds three years twelve hundred sixteen hundred sixteen seventeen years two thousand eight year three thousand dollars one hundred percent sixty six percent thirteen years five years
"billion dollar" Discussed on American Greed Podcast

American Greed Podcast

08:23 min | 1 year ago

"billion dollar" Discussed on American Greed Podcast

"And thinking what the heck did you do. How could you be so stupid. I mean how could you be so naive. I do think this is this is great. This is the opportunity of your life. One friend called me and say you know what happened. We Alex folks free. I say no what happened in. They say they stalling everybody money. I say why that's the only money I have to fix my problems big problem. That's my life. Within within twenty four hours of the bankruptcy filing agents from Homeland Security raid the telex free headquarters. They seized hard drives that contain every transaction action made in the two years of the company's short life it is clear that the deception will soon be discovered and then Carlos is one dollar makes a move the very day that the agents searched offices Carlos Juan Zeller uh meets his daughter WHO's at a local mall he packs a bag hops in a car and has her drive him <unk> over the Canadian border to Montreal where the next day he gets on a plane Ria and he has not left Brazil cents in little more within two years one hundred seventy thousand people in the US join telex free and additional victims can be found in every corner nerve the globe there are seventeen thousand in Uganda close to three thousand in Afghanistan Twenty six thousand in Russia China more than Ninety Indy Thousand Bankruptcy Trustees Steve Dr. We had a number of farmers in the Dominican Republic who not only mortgage their our farms to participate but they pledged their future cops to participate in in this game and the only person in the US facing criminal charges as for all this damage is James Merrill his defense. He actually wanted the company to succeed. He tried to fix it but that doesn't fly with with the prosecutors who point to Meryl's Youtube appearances like these as evidence against him but James Merrill needed to do was walk out the door and he chose not to do that and at that moment is when he decided that he'd rather run a criminal enterprise and not tell anybody to criminal enterprise instead of simply leaving and so he pleads guilty to charges of wire fraud and sentenced to six years in prison he finally acknowledges knowledge is that free is a pyramid scheme in this case. Mr Merrill acknowledged that he was with Lee Blind directly in the in the face of obvious facts he wasn't paying attention to them and his friend cross one had a different idea about where this is going and to a large degree Carlson Zeller Used Jim Merrill to accomplish his goals through their attorneys. Both James Maryland Carlos ones the Klein interview requests from American greed at this point. One Zeller is still in Brazil well. He seems to be doing just fine. He's not in custody. It appears that he is under indictment in Brazil for running the telex free game so he will be prosecuted there but he appears to live in a high rise in Vitoria Brazil and just go about his business day to day but what ones Eller does not know is that federal agents in Brazil loosening to his phone calls from his conversations. US authorities learned that one's honored is sending currier to pick up money he has left in the US until homeland security investigations sets up a sting the hand off of the cash is to take place in a parking lot and and so it was on that night January fourth two thousand seventeen that they censor balance and they waited for a person to show so behold person shop at any red SUV and delivered a bag put in the trunk of the car along with undercover Asian of two point a two billion dollars shortly after the person delivering the cash is arrested Cleber Roshan who was once a promoter for telex for Brazil will now. He is doing one others dirty work. It turns out that Russia has been here twice before helping ones alert collected elected cash want the county dieter tuition vis. No you know with the potential criminal charges. Russia decides to stop helping Carlos one seller. He provides the address of the apartment where he says there is some cash but no one could imagine just how much when the Asia and searched the apartment they find a box spring mattress dubbed with money approximately twenty million dollars in cash and we thought that might be a million dollars out there air but staggering that theory that much cash out there but those millions of dollars do not belong to Carlos one Zeller Zeller. That money belongs to these people every few months the Chelsea collaborative holds a meeting to update the telex free victims. I'm Steven Dr. I'm the court appointed trustee. The bankruptcy trustee informs them that so far he is be covered one hundred sixty eight million dollars's it and then he is also going after the top recruiters who made off with the bulk of the money. We're trying to recover money from the winners. The people were took more money out than they put in but what concerns many in this room is not just the money they lost but also the people they brought into the scheme for that they placed blame on themselves as hard for me because you know man of the family in his higher to look at my wife. Dora in C- in our investment all the hard work what we did it goes to drain on the day that James Merola Merle sentenced gladys big represent his victims and get a chance to speak to him directly in basically looked at his face. You and I said you stole the dreams and the hopes of these people. You don't deserve six years or whatever whatever they're negotiating. You serve to be in jail for life I for me. It was one of more moments because because these people really really care about this company and they literally gave all they had and for the prosecutors the tax free fraud is one for the record books the success of the permits game and the speed with which it grew who took over the world is unlike any other fraud case. I've done in about fifteen years as a fraud prosecutor to do that much damage in and that short a period was really amazing and just showed you how dangerous these kinds of scams are thanks for listening to the American read podcast presented by CNBC. I'm Stacey Koon at Matthews Asia we uncover unique companies across Asia prime to benefit from consumer trends that brought her international funds miss find out what a dedicated allocation to Asia can add to your portfolio at Matthews Asia. Dot Com slash opportunity..

Brazil James Maryland Carlos Zeller Zeller James Merrill US Russia Asia Carlos Juan Zeller fraud Matthews Asia Carlson Zeller trustee Vitoria Brazil Stacey Koon Alex wire fraud Dominican Republic Uganda Montreal
"billion dollar" Discussed on American Greed Podcast

American Greed Podcast

01:42 min | 1 year ago

"billion dollar" Discussed on American Greed Podcast

"What kind of Tech Company does the world need today one that applies smart technologies at scale with purpose and expertise not just for some but for all with a I- blockchain and quantum technology. IBM IS PARTNERING WITH CLIENTS TO DEVELOP SMART scalable technologies that help businesses work better together. Let's expect more from technology. Let's put smart to work visit. IBM DOT COM slash smart to learn more this is the American greet podcast presented by CNBC. I'm Stacy Keach in this episode of American greed Carlos Ones Alert and James Merrill become Internet hotshot through videos like these is they peddled a dream. Come true work from home opportunity to people people who are desperate to succeed. Never four people keep the head toward three job and there's these kinds of videos go viral sodas the scheme unless it's like a religion people wanted to invest every single last penny they had spreading their message to almost every country world they con- one point eight million believer to Jellab three billion dollars on their bogus business. We put another forty five hundred and then couple months later we had achieved the money's so we put another fifteen thousand and back at fraud headquarters their victims money. Money is piling up. We have stories of people showing literally deference of cash and where to investigators find the stolen millions whereas in a mattress.

IBM Stacy Keach CNBC James Merrill fraud three billion dollars
"billion dollar" Discussed on Founders Talk

Founders Talk

02:01 min | 1 year ago

"billion dollar" Discussed on Founders Talk

"You might run into more of those things. But if you're not I mean, there's plenty of opportunity, and actually, I think with, with being so transparent about Gomert. Sort of signaling to everybody. Like look is not that big. Don't try to compete with us. Go solve another problem. If you really wanna build a business, like, don't worry about this one, you know, and that's happened. I've had people reach out to me that are like, wow. I had no idea like the market is so small, it is it really is. It's like I'm not saying it's tiny certainly, there are companies doing well, but if you think about the only really two platforms that are considered billion dollar companies, that are sort of build upon serving creators, which are basically YouTube, an immigrant, you know, they're not doing any commerce because they came on like they would not. I mean, now they are interim is a little bit. But really, if you're trying to monetize content creators, maybe Spotify, you know, arguably to YouTube, Instagram, stumbled into those businesses totally. It's not even the thing that they do right now. Like the number one use case for YouTube is music videos, right? Can advertising. They're advertising dominated anyways, the end before that it was sort of user generated content. It was the word creator didn't even exist back then. Yeah. It's. It's a pretty fascinating, too topping for discussion. Let's go back to the idea of conquering, you'd mentioned, Peter Thiel and having to conquer and own a market, then it always kinda can't on this phrase that sort of describes our DNA at least is that you don't go round building a nice city, but not can people's buildings down. You know what I mean? So I get that in capitalism to be a winner, you know, for every Uber, there is a lift, for example. And at some point, one of those two brands will be the quote unquote winner. Maybe they can coexist. I don't know. But the point is, is that I don't feel like it's my job, or my duty to build this business, and I kinda feel maybe feel the same way with gun road. That is not your business to go knocking people's buildings down. Instead, I wanna come by and I wanna say, hey, good to see a buddy your street. Let's fix that for you. Can I help you pay roads better? Can I nurture your community better?.

YouTube Peter Thiel Gomert Spotify billion dollar
"billion dollar" Discussed on MacBreak Weekly

MacBreak Weekly

01:50 min | 1 year ago

"billion dollar" Discussed on MacBreak Weekly

"Remind you that all the west wing thing where they said they caught the terrorists because of a broken tail light. And the guy said, sir, we've discovered over the years that no amount of manpower or money equals criminals being stupid. Yeah. Well, and the NYPD may be jumping the gun because they found that ide- they arrested the kid, and then it's according to the story and engaging the detective that eventually examined apple surveillance footage old fashioned face ID noticed that the guy they'd arrested in look anything like the guy that was making during the robbery plus turns out the kid was attending his senior prom when the Boston theft happened. So sounds like he's got an alibi. I don't know if he's got a billion dollar case against apple. Yeah. But they're they're going to be more problems like this, especially since the EU just voted to voted to move forward on new regulation. That would basically unify the entire like biometric database for law enforcement for everybody in the EU s so and considering that so basically if if one of these databases has a false match, everybody's going to have a false match on you and given that we've already demonstrated that not all face recognition systems are half as good as they are in the movie. And that if you are not white you might have a problem being matched with somebody else. Because the it was fly these systems were trained on white faces a not enough non faces. This is going to be a problem. And we're going to see more people who are not whose lives are turned upside down by mismatch. And then quite quite quite with with with absolute. With absolute good reason are looking for somebody to sue. Yeah. It was hilarious to me. Because like we saw the whole controversy with jet blue using face instead of passports, wasn't that interesting. Get on the plane. They're going to do is face ID face wreck. So weird experience where I I have nexus..

EU apple NYPD robbery theft Boston billion dollar
"billion dollar" Discussed on WSJ Secrets of Wealthy Women

WSJ Secrets of Wealthy Women

03:24 min | 1 year ago

"billion dollar" Discussed on WSJ Secrets of Wealthy Women

"So I just think that financially people just don't take seriously. And it was just a matter. I know that I had to take baby steps and getting my company started I had enough money to really get the resort in Middleburg built. And to really prove to people that I knew what I was doing as far as the construction watching over the construction costs the design work, which I did in bringing on the right team of hotel people once it was up and now it's just getting so many accolades up to seven hotels. So it was just a matter of having the patience in really helping people understand what I could do. And then putting together good PR marketing team to really get the brand out there really building the brand. And that's what's really important. You N Robert saw BT divide calm for three billion dollars. What's the most important lesson? You've learned about handling lots of wealth. Well, first of all, you know, the three billion dollar. Mark sounds terrific. But we had a lot of debt we had to pay off our angel investor. So when you take all that out who still in the billion dollar category. But not what people think and then at the divorce it got divided up, of course. And when you have that kind of wealth, you still have to watch your back 'cause they're people that wanna bring business ideas to you. They want you to invest in that I learned early don't do it. Because again, people are just taking advantage of you. And they've been one or two things that I've invested in that is really didn't pan out ridiculous. And so I've learned to say, no, I've just learned to say now and really put my money into things I'm really passionate about because once I was able to. Get the business started. And I learned this phrase the Ted Leonsis taught me about watching the double bottom line. And it's really once you have a successful business. You wanna learn to give back, and when you give back to community they're going to get back to you. So I find things that I'm really passionate about. And it says you -cation, you know, I did the building at the Parsons school of design because I just thought it was one of the worse pieces of real estate. I'd ever seen the kids that are so passionate about design would work in and it was just unacceptable. And so I came up with the plan within president carry to be able to give a sizable amount of money to rebuild fifth fifth and thirteenth street design center for these students, and because of that be look across the street. The new school is now absolutely magnificent. We have the making center inside. It is really transformed the school the school has been transformed because what I was able to do gave impetus to others to be able to donate money to the school so education. I'm very passionate about I put together put through school the Kennedy School at Harvard. It's now forty students now on my fifth class. It'll be fifty students in the end, and these are students from underserved communities that are really going to change the world..

Parsons school of design Kennedy School at Harvard Ted Leonsis Middleburg Mark president three billion dollars three billion dollar billion dollar
"billion dollar" Discussed on Business Daily

Business Daily

01:33 min | 3 years ago

"billion dollar" Discussed on Business Daily

"Is he said i mean at dinner date at luisa could we be over analyzing this as well in the sense that maybe it's just a case of these companies have a lot of money and they don't know what to do with it well i've described it elsewhere as the that this is silicon valley's bear sign moment which i think is appropriate you do have this one company that has the you know more cash reserves in the us government that moment yes apple yeah and so i mean and they are stupendous lee wealthy and this is what stupendous lee wealthy and powerful entities do it having seen the the apple headquarters having having you know some idea of what it's like would you won't to what that era me i think i would want to work i think that going for beauty and then the know going for the toys and if you want people to work on your campus and stay there all day the only thing you can do is really to spend big the hasbeen this the all these developments have taken place against a background of host sale disenchantment especially in america with corporate campuses and this is why there is a global rise of the co working movement where company employs and now asking for membership of co working lounges and co working clubs in cities but they don't want to go out to some windswept campus somewhere and louise briefly would you on twitter now but i'm not i tech person silicon valley it it does matter what you're creating.

luisa lee us apple america louise twitter
"billion dollar" Discussed on Business Daily

Business Daily

01:49 min | 3 years ago

"billion dollar" Discussed on Business Daily

"Tech companies most of them started in garages which were very humble very flexible and adaptable and now that building extravagant palaces of commerce using the world's top architects and special materials but what they're saying is where here to stay and it's no different from the chrysler building or the single building of a previous generation they are really putting down a marker and it's interesting that they are having a huge effect in america whereas large companies in other sectors not just the tech sector are saying well you know if apple in google are going to have big extravagant headquarters we are going to have it as well is that will generally have had has happened historically as well that when one company starts all the other companies folate absolutely there are always outlines roadways leaders what's going on in silicon valley is the idea of the of the hippie commune all their hippie campus is that they creating these kind of uh fairyland environments with with a an awful lot of uh um planting and trees and and uh added gugel headquarters for example has a slide in us a playground i don't know what there's a whole process of trying to pretend giving the illusion of infinite freedom to their employees when actually these companies take security very very seriously they are very very difficult to get into and look around an apple are notoriously tough on public affairs um and there are very clear rules and very.

apple google chrysler america
"billion dollar" Discussed on Business Daily

Business Daily

01:50 min | 3 years ago

"billion dollar" Discussed on Business Daily

"Jeremy mizen is helen hamlin professor of design at the royal college of art here in london i started by asking louise mosenergo what the logic is of projects like that of apple building a huge campese hq outside of a major city there was a spate of building of these kinds of headquarters in postwar a united states in the 1950s and '60s and into the 70s early '80s so this is not unprecedented as a model some early examples were connecticut general which was in bloomfield connecticut outside of hartford uh certainly the deere and company administrative centre in moline illinois they were all very much landmark projects with very prestigious architects and landscape architects who worked on these berries or glamorous buildings what's interesting is that there was a real diminuation in building of these types of headquarters as american companies became sort of less dominant globally and had more competition and had a greater assertive sensor responsibility to their uh you sort of immediate returns on there um shareholders and so forth but then steve jobs served changed the equation again and and i think it's has a lot to do this reintroduction has led to do with his particular moment in life it his last public appearance was at in front of this cupertino city council to present the projects the monument his life at definitely very definitely is it oneupmanship women is has steve jobs set in motion something here because we've we've seen google amazon facebook all try and build their own big cobra headquarters as well yes i think there's a huge irony fat.

Jeremy mizen louise mosenergo apple bloomfield connecticut hartford deere illinois helen hamlin professor of desi royal college of art connecticut moline steve jobs cupertino google amazon
"billion dollar" Discussed on Business Daily

Business Daily

02:31 min | 3 years ago

"billion dollar" Discussed on Business Daily

"Most radical of all apple park has made for grownups for the past two decades office basis of being billed as if for primary school children gugel has been a world leader in and frontal icing its workforce with astroturf croquet lawns and slides this pernicious trend ugly stupid and augist started in silicon valley but his spread everywhere beauty is serious and grown up work should be too the building has two other big things going for it democracy and greenery offices have been pretending to be a gala taryn for decades but as long as they are housed in skyscrapers the chief executive is always at the top apple's spaceship has only full for wars and everyone in the ring we'll get the same view of the best thing for any walk at gays upon trees the only bit of ho come is apples attempt to justify the expenditure it claims that in immaculate surroundings people are more likely to do immaculate work this is nonsense many of the world's finest inventions seemed to have been built and garden sheds in any case apple doesn't need any such justification it has money to burn and has chosen to burnish on something splendid for its workers as a shareholder i might not like it but if i were one of the twelve thousand i would be counting down the days until i moved in this is lucy callaway for the bbc world service and you're listening to the business daily from the bbc with me manuela saragossa or construction of the new apple headquarters should be finished by the end of this year but despite all the glitz and glamour of launching new shiny big corporate hq there's a long and in glorious history of companies building new homes for themselves only to have their businesses collapse a few years later that was particularly true of some of the highflying companies of the dotcom boom of the early 2000s so why would any sensible tech firm spend billions on such a project now what in fact is the point in all day and age weren't we all supposed to be working from home thanks to highspeed internet links what we brought together two experts in the field louise mosengo is professor of landscape architecture and environmental planning and urban design at the university of california in berkeley.

apple park chief executive apple lucy callaway bbc louise mosengo professor berkeley manuela saragossa university of california two decades
"billion dollar" Discussed on Business Daily

Business Daily

01:44 min | 3 years ago

"billion dollar" Discussed on Business Daily

"Jobs managed the speck as the controlfreak he was insisting on irreprochable dole furniture and stone from a kansas quarry that was distressed to make it look like the wolves of a yosemite hotel he was formed off if i were an apple shareholder i would not be happy overdoing it on the decor of h q is a sure sign that calamity is on its way after all it didn't end well for ceaucescu's romania if as an observer of offices i'm danzig a jleague over the past two decades three bad things have been happening with office design and apple park puts all of them right first we've lost confidence in offices all together as no magic work has huddling cafes and in their own bedrooms jobs's edifice is a him to the importance of offices in general critics of grumbling about the white elephant the building would become should apple go bust but that misses the point apple park screams we are here to stay and given that we've built somewhat beautiful frost off to work in every day the second bad thing is the confusion between home and work fashionable office design as delight and making workspaces looked like the hideous apartments of imaginery hipsters airbnb office in san francisco is filled with spaces that looked like funky sitting rooms kitchens and even a nerd cave as far as i can tell from looking at it on youtube and reading the first review and wired the appalachia q is built on the idea that work and home a distinct.

ceaucescu romania san francisco youtube kansas apple apple park imaginery airbnb two decades
"billion dollar" Discussed on Business Daily

Business Daily

01:48 min | 3 years ago

"billion dollar" Discussed on Business Daily

"Hello i'm on wait outside also and this is business daily from the bbc coming up should corporate headquarters be a monument to accompany success some of the world's biggest tech company certainly think so tech companies most of them starting garages which were very humble very flexible and adaptable now they're building extravagant policies of commerce but what they're saying is where here to stay but all day we're reading the architecture here in business daily from the bbc the titans of the tech sector apple google amazon facebook or rebuilding multibillion dollar headquarters in silicon valley and also in london apple being apple is of course leading the way constructing a mammoth new office in the californian town of cupertino so big is this new headquarters that it's been dubbed the mothership which is kind of accurate given its estimated price tag of 5 billion dollasr and it's sheer scale it set to rival that of ancient egyptian monuments constructing new headquarters is supposed to be about creating the world's best working spaces but is it really just about cooprate power over to lucy callaway of the financial times over this summit 12000 apple employees will start to move into the new company h q a great disc of a building which has been eight years coming and is said to have cost five billion dollars making it the world's most expensive office apple park is steve jobs lost posthumous geraldo as a vanity project has roughly on a par with nicolai ceaucescu's people's palace in bucharest.

bbc tech company facebook apple cupertino lucy callaway apple park steve jobs geraldo nicolai ceaucescu bucharest amazon london five billion dollars eight years