35 Burst results for "hundred million dollars"
Empowering Medtech with Anatoly Geyfman
"Welcome back to the outcomes rocket. Sal Marquez here and today I. Have the privilege of hosting on a totally gave man. He is the CEO and Co founder of Care Avoidance, a healthcare sales enablement solution for life sciences that is doing extraordinary work for drawing out value propositions. Companies Looking to express that clearly anatoly came to work in healthcare early in his career, starting off as the lead engineer on one of the first hip compliant benefits, communication products for enterprises, he continued to work with large healthcare data sets and HR soft before. Before becoming the chief architect at Ambra. Health a cloud based medical imaging company. It was there at Ambra that Anatoly saw the need for high quality data to inform sales execution which germinated. The idea for care voyage were thrilled to have him on the podcast today, and it's such a unique platform that they're using to reach customers and for sales teams to reach their customers in a clear way Donatelli. Thank you so much for joining me today. Thank Salty. Got Be. Yeah. Absolutely. So tons of great stuff being done by your company. And so before we dive into really the meat bones of what you guys do there, I love to first arc and find out more about you and one inspires your work in healthcare. I appreciate it, and so I started working in healthcare actually when I was still in high school. I just happened to luck out and find on an internship working on one of the first hickory maple insisting that for human resources management. So that really starting my love for working with large data sets and working with privileged data, like that I continue dot read some other gigs on signatory around Maple imaging on, and that's really where I started learning about. About, the difficulty that companies have selling in healthcare. So with my may imaging gig on I, I was the chief architect company called Ambra Health on big digital medic rummaging Bloomberg, and then I switched over to more of a developer evangelists than sales engineering role, and that's where I really started looking at how companies that produce the rate products go to market. And what inspires me a about healthier? Specifically, my little corner of healthcare is helping innovators, take their market big their products to market. I think there's a lot of great innovation that's happening right now. especially with digital innovation machine learning ai off care. But I think that the past to a successful product is still at I. It's still very hard to navigate. So that's what inspires me getting these products so. So, writer audience and getting patients right treatment at the right time, eventually through through the use of our product and obviously great innovation. Yeah. You know it's That's so great, and there's so many opportunities for companies and you know the people leading them, the teams that are representing the great work that you know I mean many of these companies we have on the podcast a totally you know the. Great Work and they have great products and services and the pathway to get there. The go to market strategy isn't always super clear, and then on top of that, it's not easy to sell inside of our healthcare system and it takes forever so. All of those things are true own. Yeah, and I think that there are a lot of products that end up failing because the products and successful and because the greater market strategy is maybe not very well informed their beats not very well executed, and so if I can do anything to help that and that was where I decided to spend, my time is opening entrepreneurs with way to go to market I. Think it's great and in our vertical or our economy or health care economy, it's so necessary. So tell us a little bit about what you guys are doing. Doing at care voyage to add value to the healthcare ecosystem of innovators. Yeah. -solutely. So you know I'll start with a problem I. think the really big problem right now, the REC- at least in our little corner of the healthcare economy is data symmetry It's you know everyone makes decisions or everyone strives to make decisions in a data driven way the acquisition of data to make those decisions, your go to market or even your your product strategy is still not democratized Jesus, sometimes available and very regularly available in. Thanks. It's not available at all on companies like care. Where we're trying to do. At least off the for. Right now, we're trying to do is we're trying to democratize access to this information whether it's you know information about who's doing, what types of services takes a physicians practicing the type of and your are devices best for or on that you're pharmaceutical product is best stations for it. I think a lot of like data's available, but traditionally, it's only been available to the wealthiest layers market and so our goal is to democratize access to that. So even startups that may not have the backing of the largest feet from on me, not how hundred million dollars in the bay and can't get access to it and really execute a great girl market.
Disney lost nearly $5 billion last quarter, but stock prices surged
"Disney is really an interesting story right now, it is massively exposed to the pandemic. They have just recently announced their results. They lost a staggering amount of money and yet they have some good news about their streaming service and it's like the market just. Has Undying confidence because of the power of Disney's intellectual property well, and the fact that they have pivoted to streaming in a major way I mean only in twenty twenty can you lose four point seven billion dollars in a quarter and have your stock go up because you also announced that you're streaming business hit sixty million subscribers for Disney plus one hundred, million subscribers include Hulu. and. ESPN plus I mean this is the craziness of meteorite. Now in that the the The Walt, Disney Company was more exposed than anybody else to this pandemic because the parks were shut down for most of the second quarter these parks were not operating not generating revenue and they're movie business was essentially shut down because for most of the quarter they were not allowed to release. Movies in theaters yet because the future of the business is in streaming and people on Wall Street and elsewhere are looking to growth in those categories to see if Disney will ever be able to compete with Netflix on that front it's actually a mixed bag for the quarter because streaming is great. Yes Jiming great I mean they don't charge that much for it's seven dollars a month. They have certainly tried to figure out how to keep it stocked. Challenge that Disney has really faced. They came out with the man delorean and then there was just incredibly long pause when you're talking about anything for a person over the age of whatever. Some people are love all of it for life, but primarily, their stuff had been appealing to kids. netflix's firing out new stuff. To the point where you can't possibly keep track of it. Disney was really kind of a bit stalled out. It seemed they had Hamilton and. They got a lot of noise with Hamilton putting the film online, and now they're doing a really big experiment that could affect the future of this industry, which is to put Moulin a two, hundred, million dollar plus film on demand not at the twenty dollar price point that you know universal charge for the trolls released but at thirty dollars. ESSENTIALLY THIRTY DOLLARS And they're saying it's a one off but they're also saying we're GONNA learn from this. This is a one off until it isn't and the interesting thing is that they're not just charging thirty dollars for it, but they're only making it available for Disney plus subscribers. So if you're not one of those sixty million subscribers who already get Disney plus you're GONNA have to sign up for the service and then pay thirty dollars to get Milan it's an interesting strategy. Mean they doing that because if they put it on regular premium video on demand, they would have to share a lot of that price with the platforms that help them That sale up here there's some rumors that they may be sharing a little bit of the price with the theaters that were promised movie that hasn't been confirmed but if they're willing to put it behind essentially a paywall and a paywall, we're really going to see what the demand is for this kind of high-quality a-list Disney content in a streaming
Garmin reportedly paid millions to resolve its recent ransomware attack
"Garment Hack. Lawrence Abrams bleeping computer as we know, as always had a strong interest in ransomware. So I'm not surprised that his coverage of the Garmin ransomware attack was the most detailed of any I've seen nor that he's had access to some. Insiders who have reached out to provide him some extra tasty bits. Among. Other things an employee inside Garmon informed him that the initial ransom demand was for ten million dollars. Oh. Yeah. Holy Moly. Dead. Dead million dollars. Okay. We don't know what ransom was finally paid. But it seems more certain than ever. That Garmon did pay up Lawrence wrote. After a four day outage, Garmon suddenly announced that they were starting to restore services and it made us suspect that they paid the ransom to receive a decrypt her. then. Last Saturday. Lawrence posted today bleeping computer gained access to an execute, -able created by the garment it department to Decrypt a workstation and then install a variety of security software on the machine. Since wasted locker. That's the ransomware is an enterprise targeting ransomware with no known weaknesses in their encryption algorithm. Decrypt, her cannot be made for free. And remember that bleeping computer has has been sort of a focal point four. The less than well designed ransom. Where mistakes were found in the encryption which allowed for the creation of a no charge, dijk crypt door and those have been organized and are are and can be found through bleeping computer. So he said to obtain a working decryption key Garmon must have paid the ransom to the attackers and he said this is where he said is not known how much was paid, but as previously stated, an employee told bleeping computer that the original ransom demand was for ten million dollars. When extracted this restoration package? This is the one that they that they received. A copy of that had been prepared by garments it department. This. Restoration package includes various security software installers, a decryption key, a wasted locker decrypt door, and a script to run them all. When executed the restoration package, decrypt the computer and then preps the machine with security software. Garments stripped contains a time stamp of July Twenty Fifth Twenty Twenty, which indicates that the ransom was paid either on the twenty fourth or twenty fifth. Using the sample of wasted locker from the garment attack, that is the actual. The actual ransomware from the garment attack bleeping computer encrypted did a virtual machine. And tested the decrypt her to see if it would decrypt their files. He said in our test, the decrypt. Decrypt files. So Interesting was that the package received by bleeping computer included references to both the cyber security firm Ms Soft E.. M.. S., I S O. F T. R. M, m cysts, soft sorry. Emphasis soft, and the ransomware negotiations service cove wear. When bleeping computer subsequently reached out to cove where they were told that they do not comment on any ransomware incidents reported in the media. And similarly emphasise soft toll bleeping computer that they could not comment on any cases that they create decryption tools and are not involved in ransom payments. Brett callow a threat analyst at. Mc Soft said, I cannot comment on specific cases, but generally speaking emphasis soft has no involvement whatsoever in negotiating or transacting ransom payments. We simply create decryption tools. Okay. Now, that's interesting news. So it might seem odd for a reputable security firms such as m soft to to have anything to do with ransomware, but they have an interesting angle. As we know, the decryption side of the ransomware mess sometimes receives much less attention from the bad guys who need to create the decrypt her Dan, the encryption side. Consequently. The decrypt have tended historically to be buggy to crash or to for some reason, fail to fully undo the damage that they had originally done despite. Having, received a valid key. So that's where M soft comes in. They reverse engineer questionable ransomware decrypt. There's for which the decryption key is known. To create a more robust and reliable decrypt her for a victims systems. Emphasis soft ransomware recovery services, page states if the ransomware. If the ransom has been paid, but the attacker provided decrypt is slow or faulty. We can extract the decryption code and create a custom built solution that decrypt up to fifty percent faster with less risk of data damage or loss. So. This also explains why the decryption package garment finally used also contained legitimate security software. That extra security software along with improved decrypt, her may have been provided by emphasis soft or may have been. Put together by garments it. And of course, as we mentioned last week, now that evil corporate has been attributed as the creator of wasted locker and has been placed on the US sanctions list for using dry decks to cause more than one hundred, million dollars in financial damages. Paying this ransom could lead to hefty fines from the government. So do these sanctions sources familiar with cove where have told bleeping computer that the negotiation company has placed wasted locker on their own restricted list starting in early July and will not be handed handling negotiations for related attacks.
How to Hit 6 Figures with a List of 600 with Holly MacCue
"Holly say what's up to fire nation and sure. So the interesting about yourself that most people don't know hey John Hey fire nation thank you so much for having me. So excited for this. So I'm really curious to know what your response is going to be to this game. We have men peasant, but the one thing that a lot of people don't know about me is I actually have a blue belt in taekwondo. I actually wish that I had no before because you know sometimes i. Go a little overboard on my teasing and I'm kind of picturing the time. War where I was kind of making fun of a little bit like you could have kicked. My Butt. Yeah just watch out John. Luckily, we are now half a world away from each other. So even a blue belt, I'm feeling a little safe, but that is something I did not know about you. But yes, fire nation Hollywood part of an incredible mastermind, the kate knife through about six months ago it was awesome to welcome her and some other amazing entrepreneurs to the lovely island of Puerto Rico and specifically Palmist Mar I got to learn A. Lot about what she has going on, and that's why I'm fired up fire nation for you to hear from. Holly today. We're GONNA talk about how to hit six figures with a list of six hundred and tell you right now holly somebody who does more with what she has almost anybody I know and I love that about her. So Holly, let's break this down a little bit. You've had an unconventional start in entrepreneurship. Breakdown for fire nation how did you first begin your Biz Show? The reality is I didn't actually set out to start my business in the beginning it just became the only way I could actually do I want it. So my business background is as a marketing and brand strategist I walked almost a decade for leading fortune five hundred companies in the fast moving consumer goods industry, which basically just means multimillion billion dollar global brands such as Gillette pantene shampoo bus perfume, and one of your favorites, Jon Benet, Jerry's ice cream. So, that was kind of my weld and I always in my most recent role, there is leading a two hundred million dollar brand portfolio whereas basically just tossed with how do I grow this brand in that market? How do I execute on amazing media campaigns get to know my consumers so that was that was the world I knew and on paper I was successful I got the absolute dream role that I could possibly have wanted ahead a view of the mountains in Switzerland bring out of his window. And then Ireland never forget this. Awful moment when I was having dinner with friends of a pizza unwind and I had this mind numbing thought that I guess I'll just be happy when I'm retired. Like Oh, I'm in my mid twenties that's quite a long way. Years. Away. That's like twice as long as you've been alive. Exactly. Exactly. So that was kind of like something for me to finally attention to and the reality was I've been really bent out for quite a period of time I'd got caught up in. Comparison Trabzon. Myself in fast-moving corporate space and I was massive perfectionist which did not help so I kind of went through that somewhat obligatory quarter life crisis that we all seem to experience today's in there. And that really ignited. I kind of Ray into Paseo development I'd never been exposed to anything to pass on development up until that moment when I realized I need a way to calm the flip down and so my first thing was I'm going to go to a meditation colas and then I became an P. Practitioner and then I certified as courage and it just kind of my obsession grew as I implemented all the things I was learning that will having literally life changing impact on me. So when I moved from London to Sydney a few. Years later I was like I want to do more of this because it's so amazing I'm going to try and get a job in eight Shaw Orlando Development and it's going to be amazing. I have these qualifications. I'm so passionate enthusiastic and bear in mind I just moved to the other side of the world with zero networks. No one knew my name and I'm going to recruitment agents saying, Hey, this is what I can do like yet. That's not going to happen because you'll see visas marketing and everyone gave crap that I. Wanted to ECHINACEA it was really soul destroying and I was just banging my head against a brick wall time and time and time again, and then I recognize that honestly the only way could explore this New Passion for coaching and personal. Development and see how I could support people in similar quarter live crises was to start my own business. So I the very unconventional step of actually negotiating a pot time senior marketing role in which five hundred company that gave me one precious day to just my Tories in the water. Of, what could be if I took this further over time? I was then to grow my business I negotiated two days a week on that with three days in my corporate role, and then I went on maternity leave to have my daughter and today I'm three days a week in my business around her. So it was a very a out of the way to do it, and as probably not the same story that a lot of other people have. But since that moment I've had people ask me how did he do that? And so that was what started everything off and today I. Am so grateful and so blessed I didn't just. You know accept that Acadia get nine to five just put his dreams draw. We'll come back to Atlanta but I, really followed that banning fi and my belly and I found a way to make it happen because today I have all the flexibility I could possibly want around my daughter while doing the work
Why Is There a Coin Shortage in America?
"At grocery stores, convenience stores and hardware stores across America. Curious signs are popping up asking customers to pay with credit cards, debit cards, or exact change. Is it because cashiers don't want to handle physical dollars and sense that could be contaminated with the coronavirus? nope. It's because the United States is currently experiencing a coin shortage. So? Where have they gone? America's pennies, nickels, dimes and quarters haven't disappeared. The covid nineteen pandemic has simply disrupted the normal cycle of coin circulation. According to the US Treasury, there were forty seven point, eight, billion dollars, worth of coins in circulation as of April twenty, twenty, which was actually four, hundred, million dollars more than April, two, thousand nineteen, but those coins are not moving through the economy like they should be. The Federal Reserve gives several reasons as to why this is happening. Banks and businesses nationwide closed their doors during the lockdown phases of the pandemic including cash and coin heavy sectors like convenient stores, public transit, and laundromats. The US mint also slowed its production of new coins during the early stages of the pandemic as staff was reduced for safety reasons. The men's Philadelphia and Denver Location's. Even as the economy reopened, consumers are opting for contactless payment and generally using less cash and coins. Meaning more coins are sitting at home in Mason, jars piggy banks, and under couch cushions. So. What does this mean? Retail stores are feeling the pinch of inconvenience and passing it along to their customers. The national, Grocers Association and several other retail industry trade groups sent a strongly worded letter to Federal Reserve Chair Jerome, Powell and Treasury Secretary Steve Mnuchin in late June saying that the federal rationing of coin shipments to banks quote threatens the functioning of our member businesses and by extension the needs of our customers. In their letter, the group cited economic statistics showing that cash is still very much can in certain sectors and among certain consumer demographics, for example, between forty five to sixty percent of sales at grocery stores and convenience stores are cash payments, nearly half of all transactions of ten dollars or less are paid in cash and consumers with an annual household income of twenty, five, thousand dollars or less pay in cash for forty, three percent of their transactions. So what's the solution? The long term solution is to wait for the economy to return to normal at which point coins will naturally flow back into circulation. But in the meantime, the Federal Reserve and the US meant are taking action. The meant has ramped up coin production outpacing its usual one, billion coins a month with one point, two, billion coins in June and one point three, five, billion a month for the rest of twenty twenty, according to The New York Times. The Federal Reserve announced in June that it was rationing out its inventory by sending banks and credit unions smaller than normal coin shipments based on historical demand. The Fed also convened an emergency, US coin task, force composed of government and industry leaders including banks, an armored car companies. The task force is expected to come up with a set of recommendations by the end of. July. One of the task forces early accomplishments was to create the Hashtag get coin moving which banks and credit unions are plastering across twitter to encourage people to cash in their piggy banks to get more coins back in circulation.
J.Lo's Money Moves
"Jennifer Lopez and Alex Rodriguez not only are they dominating the real estate game you buys but they recently dropped reported three hundred million bucks on a bid for the New York mets and as if they. Needed any more side-hustle. They've also reportedly invested in Viagra wellness startup. How much is too much Nina Hunter, how much telling me? Well, this is the thing I was looking at all the money that they were spitting on these properties I. Think like they're selling this property, but they also have like a ten million dollar house in Bel? Air They have a twenty eight million dollar house. In the Hamptons like it's insane but then I looked at their net worth and I think a rod was I really it was worth some coin but he's worked almost as much as her. He's worth like three, hundred, million dollars and she's over three, hundred and fifty million. So. They're almost a billion dollars together and also when they fail three hundred online, you always add fifty more just between us. Is. A little more. That's the case. Then according to these websites, I'm worth fifty, million and five, hundred, thousand dollars. Which? Now, ladies want to get in. Now's the chance fifty, million, five, hundred I do think there is this weird world where like of course they're investing, they want to go ahead and use their money helps having three hundred million dollars in a bank account making very little interest as opposed to investing in something that actually believe in like. The mets because no one believes in the mets but John. Lewis State is going to go up like crazy always and they're investing in areas that are not going to go down. It makes sense. It's just a matter of how much money do you
Wisconsin warns of potential athletic department loss of $100M even with a football season
"Know berries dire warning. The Wisconsin knuckle athletic budget could face a one hundred million dollar shortfall. To which I immediately said well, that's not bad 'cause. Your budget is three point six billion right? No, the annual budget is one hundred forty. million. So, let's see one forty minus a hundred Josh. Three and a half, not good the
Twitter Will Be Fun Today - The College Kids Who Hacked Into Twitter
"Today's guests. His Hip Awan CEO of Afani. Secure and private cell phone service locum his Heeb. Thank you Laura for home. You'll show. You were one of the investigators in touch with the young people who hacked twitter last week and gain control of prominent accounts, including those of Joe. Biden Obama Elon Musk and others as well as those of crypt companies like coin, base and finance, and when they had control those accounts, they were soliciting bitcoin from twitter users. How did you get in touch with the hackers? So Laura be in like. four-time itself, so then after I was so pissed off that angry that I said I need to solve this problem, and so I've entered into a form that relates how they have those accounts holiday getting pretty much all the ring of how they operate so. When you say that they had had your twitter account, nor they have my Sim Sark four times. Okay, and when you say Sim, swaps just described that in case, listeners does up. Does improper pretty much. What happened is like someone will take the form so the underground market like think about Ebay, but like I knew democracy with information. So you said your name, your information social security number your call logs your life, your life, location or anything on you. If I say hey, I need to find out for Laura Shane telephone number, and they'll give me telephone number will give me a call loss to give you. An everything comes through telephone numbers of numbers unique, and then if I say. Say Hey. I need to take the phone number 'cause I need so they will just prophet abuse him that I control, and I need to pay them few hundred dollars now. Your formula not work anymore because I had control of Sim card, so then I use that telephone number to get into a g mail, facebook and twitter, so if you go on twitter, new likely rescinded to email our number. If it's telephone number you've got. Someone's adopted very common technique deployed across US for a long time. So. The twitter hack twitter said that their employees had been socially engineered, and that's how these hackers gained control the systems. Are you saying that? Some twitter employees have their account. Sim swapped like how how does that you or Simspon tried? These people relate to the twitter Hack Greg? You wanted to ask me like how to get in touch with them so I'm trying to understand. You, that of analysis himself, so started going into the industry into this form than trying to see how they operate and to Dodd funny, so which will provide the made acadia that probably that cannot be Simpson's. That's what we did an offer that. VINCI START GETTING customers. Have you would actually getting a lot of attempts to do so? You would getting Dempsey pretty much every week that someone prior to himself or customer, trying to like hack into our system and mend the failed. I got in contact David Mayhew call, they would email method you and they will do all kinds of attacks. You know they'll try to let pen to pen tests. The everything did and obviously in one of the cases restocked immunity stopping messing around it right I know what you're up to. And after I got in touch with him to signal and author that the lake. Not I won't say that become a friend, but I told them why you're doing this. Thank you know you should not do this multiple hackers and they said okay. If you don't have anything to do pretty much, does it okay? Why don't you get a job? He said job, and then they start feeding the all information to proved at. Legit than a lot of information and how I was getting information from a lot of talk of the vote. And when it all this happened that you got in touch with him and had it happened late four five months ago. Okay They were diverging to me not just for this hot, but for other purposes to ride like a kid discount. Lot of databases beach everyday, so they wanted to see that a hey. If I'm interesting in the database, just wanted to work pretty much. is not money. It's also about ego that they wanNA prove something that they would do something so. So Mike Context for not hacking, but they'll be into the songs that they had access to. That follows A. Up I didn't want to. Excessive today were passing me. Hey, today. This is for sale to do sports on tomorrow. This person's so on the deal stood attack. I got a message that will be fun today, and when this message I thought he'd be like a distributor barks. Like scam scams, and but after why? That's all the kind. We got attacked ten. Finance Accounting Noble at depth one time. I taught that it's just a third party API like you know you have like you know where your schedule. The in everything I thought that may be compromised, and that's how they got author. Riley said No. We have everything. A screen chart I tweeted screen shot, and after that is blue. Well and so, who are these people? who were the people involved in the actual twitter hack? The difficult to identity like frankly I don't know I can speculate, but obviously because someone security and privacy I don't want to speculate but I can tell you wanting like college. Kids are maybe like someone between eight, eighty, twenty, one, twenty, two, and they are video gamers. They'd metaphor armed, and they found fascinating for them. Dislike a game like you go into video game on you killing you do stuff for them. It's like that. They, probably living in some way or radio patterns right now in basement. Who does not even know anything? and. They just do it for fun. Obviously, money's there, too, but most of fun for them is just a today. And so originally. The way you got in touch with them was they were targeting these different cell phone accounts, and what does motivation and taking over the different cell phone accounts so for account you can actually to when people take account, they can actually destroy you financially emotionally ended up recently, though by financial I can say they can get into your county bank accounts ticket by Tiptoe through that they can buy a lot of levels of securities financially they can do. obviously going to facebook in an email to, and then they donor all information from your facebook, and then they start blackmailing you that. Hey, likely when a lot you have done this like you know you have this. And you have to pay me this information out there and a lot of people would have to pay them the money because they don't pay the money. They looted operation right so and then third party. They just become Parson Mike is the word processing me. blender used to take my county new. They cannot get anything, but they wanted to talk to me. Just fun for them like people. Some people are sick. Like how did they pick you out of all the different people that they could torture also the league, if not just me like everyday hundreds of people to get them soft, though I'm just one of them on average, every second medical become victim of since up, not himself but cybercrimes so. But I had the impression that this was primarily targeting crypto currency people, but you're saying it's any bundled nor I think eighty percent of people who was himself to an entrepreneur L.! And the new in the cases of those people is it like personal vendettas that they're trying to? You can make more money by a hacking Lord cell than anything else you know. is one thing but Lloyd is like one number one target Loyd and has professionals league doctor medical doctor then. In Lord other number one targets in suffers, and what is the motivation for targeting lawyers Don. Money don't happen. How do they monetize that Yeah, so I tell you doctors, basically busy less tech, savvy and rich. It's that easy to find out any doctor information. You can find out who the best doctor in the city and you consume. Stop Him. And once you get into that account, you can transfer money between accounts who can be that people have been? Going into the count, Simpson calling the bank making via transfer, and then just checking accounts. That's pretty common. For for doctors to clinics have a lot of money. If you'RE GONNA clinic, instead he did even like five hundred hundred million dollar distorted the front because Alaska. Election for them. Okay, so let's go back to the twitter hack. They were some names that were identified of people who are involved these names. In The New York Times article that quoted you as a source one was kirk. There were some other people ll and ever so anxious. Who were these people? And how did they know each other? So they don't. Know the Best Birdie. They just hang out on rooms like chatting channels lake similar people on developed talked with you. The pirates channels. We had people a go if they WANNA have information to the document industry for finding information. If I want someone associated Gordon dissipates on one. Don't get call for these people trade information. And you asked about like a leg. Imagine your lawyer and you are fighting for my open kiss. We begin go to the website by that long since he will. They are who they're talking to the day can. Make some delays on them. That's one thing but other than that. These people are just a game as they would play like you know different video games and kick the die, who was basically a source of the rate industry rock says they'll be extra agents, and they are in room for longtime and David. Obviously you want you want something you don't trust the new guy. The new guy who is basically the main culprit punching the entity because multiple reasons, but the main guidance, the just which had A. Reputation. If you say you want a username of Laura at Laura, Shannon inactive. You may not trust kick, so you can do this. Middle Diane Tell Them Hey, can you hold the money for because you have a good relation? Because like Ebid forums generally have a petition systems. You know so then you ve into this guy like you know every inch it He went to care. Concur depended he the credit employees but I. Don't think he was employees. And, then he gave him the concert start building. So this is just a middleman. He was just broken deals. You tell them what you want. He was just keep his car and transfer the money. The is completed that fall. And so so kirk was was saying that he was a twitter employees, but as you said, you don't think that he was, and he was essentially selling valuable twitter accounts, and if people didn't trust, Kirk, they would use ever so anxious as their middleman to get the different twitter handles that they wanted. Is that what happened? That's correct. Good Gig, only unharmed on in July of. July it was very recently. that. He actually came so obviously not trust someone admit. That soon. July seventh in the New York Times article are. Limited okay, but all right so but ever so anxious. How to longer reputation and. And that was who people are transacting with. And so then. How did BITCOIN come into this? All. On these things happen through Bitcoins, so the way it started was they were selling. This twitter handles four bitcoin and then later. How did the scam change? So I. Personally is what I personally think. That kid was in touch with the employees who was giving these accounts. For a few thousand dollars. And then. Either bribed him. Architects. Social Engineering Him. Legs because like hey can do. This is my. This is purely my speculation that you're working for so long. He warned the trust. Any may have said Hey, can you log in forbid I wanNA see how it looks like something that he made it something so the guy is pasta on. Hey, just do it, but don't do anything crazy. You Know Butt kicked. Decide Okay, man I can just go on or can also go online with I can do it I can. Can also go on like you know. All those accounts crazy. That's what I okay, but you're just speculating. You don't have any proof that or or do you know what? I don't have any proof of that I don't approve. Have critic probably do it? And Kirk? Is probably a guy called coup, which is on a farm for a long time, so he speculated that he someone that was in the industry for wide, but not. Approved that. Kicked it, but from all the action than everything it all points to cook. Irene so in a moment we're gonNA. Talk a little bit more about what happened. Exactly I, in sight, twitter and scam, but First a quick word from the sponsors who make this show possible. How much in fees are you paying? CRYPTO purchases now crypto dot com as waving the three point five percent credit card fee. When you buy crypto apart from crypto purchases, you can also get a great deal on food and grocery shopping with crypto dot. COM Get up to ten percent back when you pay with their. Visa Card no card use the crippled dot com to buy gift cards for up to twenty percent pack download the Crypto Dot com today, and enjoy these offers until the end of September. Looking to connect with thought, leaders, innovators and blockchain enthusiasts welcome to T- forum a weekly virtual series about all things tasers. Equal, feature presentations about the latest advancements that healthy ecosystem grow together. Interested in speaking at t quorom, submit your presentation ideas and the tasers community will vote on who comes to the podium next sign up and learn more about the virtual series at t quorum dot com. Back to my conversation with his Heeb Awan. So, we don't know exactly how. Kirk got into twitter's internal systems. However Once. He or she did then what'd he do or or she do with their power? So. Kirk than they went to buy I think. Start with by notes I'm coin base. And the see your finance and he made it account Egypt first of all. What did it was did with other? Account. Okay, which means when you log in, it asks you to do a second type of security, which is hopefully. If you're in the crypto space, you have used something like Hugo, authenticate or key, and you're not using text message based second factor authentication. Where they sent a code your phone because otherwise if he gets swaps than than having no. Buyer so. Removed that and then keep going good thing. They added wall a secondary second. You know Autodata so now. I'll give example like you have my username seep, so they moved to a FE, and they're also removed. Jane, Email. And then they. Did possible reset. So the new email guard, the chain deposited garden the account. and. tweeted whatever they wanted. Well, and what were they tweeting? So, they were tweeting that you know. About Co. Ed Nineteen I believe like you know because of Covid, we like helping people. I don't remember the wording. Health Has Something and they said Back. And this is video any comments in YouTube. Actually they were so good that frankly sometime I get like you know Oh my God like the able to make it like a secondary thing. That's real you know and like, but this happens pretty commonly, and and it's happening for almost two years now i. It, really is the kind of thing where people think it's real I honestly. Had created a question for you, which is who are the people who are savvy enough to own bitcoin and know how to send it, but not savvy enough to spot. What to me seems like an obvious scam. Actually went on the Internet and are tweeted out this thing same thing I said like who are those people who can have sophisticated enough to buy Bitcoin, but knowledge to. Send. Bitcoin but I think leap Dick's everything. Like I agree people think okay. Let's give it a chance. You know it's like a lottery ticket. You know people may be, but they think what if this is true and other than that. If you like an must happening there, actually flaunted, be efforts on twitter. All the time with people are donating money on twitter, but they don't ask for anything they say hey, can you give me your Alfred Egland who this every day, so he will dollars to off fifty dollars for every person everyday. You'll say. Retreat this. I'll give you this money. So this happens right now and obviously As hit audible, read like you know when viewed come in people, people forget everything that you know. We have so many Ponzi scheme like so many scattered that happened that exist today could if I come to unity Laura investment scheme, which is a pretty good you know. He hit all the MACHIDA. But it only gives you five percent. You may not listen to that. Say Hey, Lord the Child who may tennis money tomorrow. You may skip everything. Cocaine is thousand and ten dollars tomorrow. Okay I'll take the risk from doing that. Hopefully I'm sure my listeners are savvy enough to know if it sounds too good to be true. But people do that I. Think I have estimated that around like maybe I. Just in this journal given us cam like. He put a lot of tens of millions of dollars and well not last week, but no, not over time overtime. Yeah, yeah, we'll be sending money, so there are enough food. I guess yeah over I mean for last week. The hackers did net about a little over thirteen bitcoin, which was about one hundred twenty thousand dollars, although analysts said that about twenty, thousand of it seems to have come from a suspicious address that they actually think controlled by the hackers to kind of make it look like this was legit and people were actually sending money. But then also by the way they could have netted more. However, Cuevas said that it did prevent more than one thousand customers from sending about two hundred and eighty thousand dollars worth of Bitcoin to the twitter hackers so oriented, so let's talk a little bit also about just what happened in twitter which was? Twitter blog posts. Hackers a targeted. Thirty accounts for forty five of those they reset the password and sent tweets from those accounts for eight of them. They actually downloaded that counts data, and then for thirty sixty legitimate direct message inbox, including one elected official from the Netherlands, and it was who. What do you think they could do with such information? I think it's A. Black, man that I've been talking to you about what happened with sin sopping. Let's think about it if you have first all that fool Phoolan that why didn't put? It wasn't like planned. I don't believe it was just like in the move in the heat of happened. BANDAIDS slaves. They clearly guy who just got drunken pretty might do everything but I think if you have access to like anyone, social media, proper social media like I have been I've received. Messages. And I but I don't believe that I think we have forged around. Believe the electoral, so, but if you have someone should media that maybe confidential information that can be misused by Stacey when leg if you do about it on dedic messages, a you know that's not confident that even with the journalist visceral broads. You know so I. Don't know who the information was. What fast, but that's video very very concerning and I believe this may happen on facebook or other social media from his. Because to same. Attack Factor. Yeah I definitely think that this is. One of those cases where it makes you want to just use encrypted social messaging APPS. Such as like signal or something, maybe what's up? So, let's just also talk a little bit about what we said before about how the hackers were able to remove two factor authentication on these accounts. Well, actually what they did I was. They changed the email address. And then the chain Laras Oh, actually bid on a there was A. There was an email. There was a blog post by somebody who had the at six twitter account, and they said they believed that the hackers change the address, but that when that happened, it did not send a notification to the original email address, but not I don't know if this person was surmising, you know six hundred interest in history, those belong to a hacker. Their the community of Hackers Gobi Twenty six hundred. That's like a court for hackers right. Not a quarterback, just like community for hackers and you were the hacker who ended up homeless anywhere. They will do attack into I think he would to. And he went into multiple you as homeless, but he was a hacker. And oxygen community belong to sixty name. Is this secretly off? I believe his name. And, but yes, but I think the first drift was removed and then. moved. To the letter. Control of it now thought it was the reverse, but either way. In Like for any of us who are in the crypto space who have been? Keeping up with our security and using things like Google. or UB and avoiding. Text message based to a or or any kind of to a based on our phone number. What? Can we take away from this like? Is there any advice that you have for Crypto? People on how they can protect themselves if the services that we use have loopholes like this. Let's not that'll be biased in obviously you know. Will. Finding here, but that's what we do, right. We work, but a lot. Actually I am surprised at how many a compromise them security argue out stocking some customer yesterday and they do You know an extra seat is probably the most I can tell you I know. We are making like a faces, but at same part exit. She's most prominent used offer manager for probably ninety ninety nine percent of the word. What would you recommend instead? Use a password manager, anything manager pretty much everything in the top five six. It stood, you know. Don't cheat on family plan. out on like those like a caveman. This company go with a better company. Even if you don't go the final leg, that's fine at least hell better company like Dourthouse I'm plan because no fan mace. You make you very vulnerable to now you're putting your own life on risk, but everyone who is in the time is. You know and the third party. Don't give out your telephone. Number molasses everywhere. You know like. Don't go to like you. Know have different email address if you want to. And you let you. At Google. Authentic get off your. There's something at one time I have statistics, said ninety five percent of people who are like major changes. Do not have to a fait. Sms I'm talking more to a and I think ninety nine percent of those are what you estimates to say. The people who've been additives Everyday I have started I deal with at least two or three people who get up everyday and came and we had some of the to affair, and I can get into that lot of people into the spark that they were not believe enough not to change it. please. Don't please don't be those people, but I can tell you like I've spent people and I said do this. Man How much time did it like five minutes six league. Logistics you Donald and APP, you know. have to familiar face. You know if you are very cautious, taken for a number, but I can tell you that Khomeini would make this mistake. Ordering will end and it you know, and in the end I did lose industry learn. That's was part. There was still use the same SMS to a fait. The dating did not happen to them. Again happened again. Because if it happens to once, you become more, you know your motorcycle getting out again. If they have found something and something, they just do for fun, and and you know what I because obviously I'm. Biased in a way that the. Customer. Time I've been a victim four times a feed Logar they can. What would you do? Please please please setup. SMS elected more music episodes into gear and please get family plan these I. Know You're saving their ten twenty dollars per months, but in the end you know if you call it a, it's like insurance. You can live without insurance to. But like you know. The one day you need insurance when you need it.
TikTok unveils $200 million fund to pay content creators
"TIKTOK. Perhaps you've heard of that. One announced in new two hundred million dollar creators fund to support US creators at least for now, just the US who are as the company says. Opportunities foster a livelihood on the APP. That's a TIKTOK spokesperson told the verge. This is the first time the TIKTOK will pay creators directly for their content. They've been letting users monetize live streams beforehand, but this is this is the company saying we WanNa pay you to stay. The company didn't say how many creators could receive funding. They also didn't say how often payments would be made, or how much creators can earn, but they would to apply. You must be eighteen years of age or older. which that's going to actually be a detriment to some. Some TIKTOK graders quite a few of them actually also have to consistently post original videos that adhere to the community guidelines of Tiktok, and you also have to have a certain follower account. That's what Tiktok says although the company didn't say how many followers that meant you know it's got like Youtube? Saying you've got gotTA. Have One hundred subscribe or thousand subscribers in order to be able to monetize certain stuff. Creators in the United States can apply for funding, starting in August, and the company says it plans to offer global access at some point.
Conversation With Mountain West Commissioner Craig Thompson
"Delighted to welcome. To our program, a very important guests at this unbelievably strange time from the Mountain West Conference Commissioner Craig Thompson Commissioner thank you very very much for making the time I I, I can only imagine what your schedule is like. These days especially Zoom Bill Assuming there is one good afternoon. Paul good to be with you. You know I hope to mode no more about The next ninety minutes to two hours I have a four o'clock board calling five o'clock standing Monday de call, so we all compare notes and Kinda live by that old adage. God gave us two ears and one off for a reason, right? We're trying to learn from each other. Well we appreciate you making time I'm curious before we get down to some of the obvious questions Since, this occurred you. You've been very obviously active in in the NCAA, basketball tournament, having chaired the the men's basketball committee, and it all started there, and and I know in in your many many years is as commissioner. You've experienced so much but How do you? How do you prepare yourself for something like this? which is literally off the charts. Really is and you know again you don't because. no-one there might have been a few people worldwide They'd be well into their hundreds that were around nineteen eighteen. Spanish flu days, but For the most part, nobody's dealt with any of this Paul. So it's all new, and and it's It's disconcerting. It's hard. It's sad, but it's It's life and it's something we. We have to adjust to and and moved from. In as you get closer to what are really critical decisions, other conferences have made these choices many have not What what do you weigh as you're about to go onto? Another call here how how do you determine these things? Well, it's really got to beat a the safety and the health soccer you I think it's simply going to come down to what is the risk tolerance for for all the various groups just within our FBI subdivision and certainly there's. A rank and file and differences between the autonomous five leaks and a group of five leaks, but You've got you've got. A ton of governors. There's fifty state governors in that up BS group, one hundred thirty board of trustees, regions, one hundred thirty university presidents and Chancellors hundred thirty athletic directors under thirty head, football coaches, and I guarantee it dollar on the same page, and so you know we're. We're just trying to adjust on what makes the most sense for my university and ultimately our conferences. And everyone has a different set of circumstances as you said Commissioner Thompson but. It is late I think you know that we all we all know that. As you are about to go on these calls here in the next hour or two How do you start narrowing the window and coming to? Conclusions! Well we all kind of went into that false pretense and hope that fans should be better in July and August and we had time right back in March. We had four months to figure this out when we've got probably less than four weeks. A couple of weeks a big date coming up on Friday with you know the the six week period starting extended team practices, and then most camps opening somewhat in that August seventh time friend I! I had a good exchange with one of our head. Football coaches today saying you know I don't even know what to do. Because of campus regulations and concerns, we have one institution that's had nearly one hundred football players for little over a month. Now Paul and we have another institution that literally has no football players, conditioning of or working out degree, and so you know we're all over the map based on a local and university, muncipality rules and regulations and. I said this for months gone on standby. One of one of the big concerns and focal points for us is the state of California They just announced today that they're going to delay. The start of their prep season suggested until December or January didn't give an exacting, and they join a couple of states that the prep seasons have been canceled altogether one of our states New Mexico, so just just trying to deal with all the nuances and differences in rules, policies and allowances. As you as you try to deal with with some some issues before that certainly, the non-conference issues a lot of non conference. Games have been scrubbed. I. Has that been a major issue for you or Were you in reasonably good shape. Well it is a big issue, and of course years of all years. This is our twenty seven season A. We had more home games against PAC twelve than any time in our previous 21-year-history, we lost home games. Ucla at both. San Diego State ally. Utah, Colorado Washington state calendars on a state. They were GONNA play at the new two billion dollar NFL stadium in Las Vegas against UNLV so a lot of people like to point to that financial loss of losing the the six road at twelve games and a and a guarantee. Those seven home games from from both of financial interest level, and then ultimately you know television perspective CBS. Fox Aren't real thrilled. You know that we lost those seven home games. Talking to the Commissioner of the Mountain West Craig Thompson discussing all the variables. Commissioner. We. We've talked to so many different commissioners over these past few months, and as you as you so eloquently pointed out a minute ago. Everyone has a different set of circumstances and challenges you maybe more than than most because of the geographical aspect. But how do you think and it shouldn't be that hard to think about it since it's not far off? How how do you ultimately come up with what you would say? Good solution, not only for your member institutions, but for the safety of the athletes. Well again. You not to lean on your medical people and that's one of the. Major aspects of this board call coming up in an hour, so Paul because It's the first time that they in a while. They've heard directly from the the medical advisory group and you know they don't depend on them. You know they. They are the experts, will we? The board are economists and Then different walks of life. They're not medical people, per se, and so you know you really have to lean heavily on what makes sense I. I said four months ago and I I contend today. A lot of this is going to be perhaps probably triggered by what happens on our campuses. What they look like in the next month or so you know everybody's either hybrid mostly online You know there's GonNa. Be Certainly people walking around campus, but you know you. You really can't expect to have a college athletics if you don't have a fairly open in some degree. Campus. Commissioner I, it's no secret Wherever conferences are located and and and spread that football pays the majority of the bills there. There's some outliers of course but What's at stake you just from a revenue standpoint? Well you know. Let's all kinds of figures in I I know that A couple of our department said have lost Well in excess of ten million dollars now, and then could jump into without football alum Paul you know double and triple, and you know those are not insignificant numbers. They're smaller than the world. You live in I lived in Atlanta. For four years. New Orleans for twelve years both children born in New Orleans and well versed in an SEC football, and what it means in a walk of life, and so it's different, no question it's different I live in Colorado and and what it's like in Western states, but but none the less. You, do not escape whatever love your Ad. That football is probably that you know eighty eighty five percent of of an athletic budget, and and so it's so very important, but you know as harmful as painful rather as it is from the financial perspective now that cannot be the driving force won't be the driving force. It will be that the health and safety it'll be university decisions. You know I've always. Always felt. The presidents of universities and chances have an extremely difficult position now more so than ever because they're pushed him pulled in and all these different directions and you know I. Don't know how the decision will. Ultimately made would fall looks like from terms of football. I don't know who makes that decision, but Hopefully they'll be some clobbering collective. Let's let's go right to the College Football playoff. Can you even imagine a world where pick a number? Three conferences can play in the fall and seven up to play in the spring. What happens to see a p.? Is there a CFP? Does that make sense to have a CFP? I guess it might depend on those three conferences are and I use. You know you, you're GONNA have to look at this for for the good of everybody, and and you know the collaboration and collective exchange and we've seen conferences. Do things unilaterally I mean as a commissioner. You Work for twelve schools. You don't work for honored thirty FBI schools, and so you're doing what's right, and what's your membership is is directing and advise you to do, but we do have to get together and get the same page in some regards spor for the sake of the CFD for instance and the bowl system. I know at least I'm told in talking to your colleagues commissioners. We wind down. I know you've got a lot of meetings to that. You are a collaborative group. I mean that's a fact. I mean we see that all the time but it but I wonder though. Because we've already seen some some. Some schisms as we had the big ten, and then everyone else said something else I mean the PAC twelve and the big ten, and do you. Are you concerned about the stability of of what you do every day and try to work with everyone else within the framework of college athletics. I am and I'm not I mean again. We try to work together, but at the end of the day our plan for fourteen or ten members, order media have will dictate. What direction are leagues go and I know the NCAA takes a ton of shots, but the NCAA is membership driven. It's schools that are that are ultimately making decisions and the conferences the exact same way, so you know we can compare but I. I am concerned about The postseason college football, the the CFC's a five hundred million dollar enterprise NCAA. Basketball Championship is a six hundred million dollars in a prize number of conferences of two hundred and fifty to three hundred million dollar annual TV, contracts, and and we can't go ten I don't well. Yeah, anything's possible. You could go ten separate ways I. certainly don't think it's going to be that way at the end of the day. Commissioner will let you get back to your meetings, but thank you for making time. It was just a pleasure to to hear your perspective as someone who is so well respected. And revered in this industry we be well and let's hope for some good news. Stay safe yourself my friend.
Dallas Cowboys' Dak Prescott will play on franchise tag of $31.4M
"This was the biggest surprise I think I've said on this show. Eighty million times I thought this was going to get done We were recording this thirty seconds before the franchise tag deadline at like three, fifty, nine, twenty, five, as I'm saying this so you know. Knock on wood that it holds true, but Dak Prescott will officially going kirk cousins route as his long term extension with Dallas cowboys was left. negotiated a long term deal reports indicate that the sides broke off talks as early as march in never really hop back on the wagon the cowboys would like you to know and I wrote back in September that they were offering him more than one hundred million dollars in guarantees. Guarantees which depending on if it's a practical guarantees, are actual monetary guarantees would be an NFL record Dak Prescott would like you to know that they also insisted on an extra year of service for that privilege. It looked like he was. He was searching for more something along the lines of the Russell, Wilson, deal where it was more of a four year more compact thing, and then you can dip again, for your thirty Still Shocked I think he's a top five quarterback I thought Seth Wall Dirty Espn made a good point that if you had to round up, Fi, you know. Two or three quarterbacks that you were sure in five years, we're still going to be top five quarterbacks Dak. Prescott would certainly be one of them so I don't understand why this didn't get done I think it's a gigantic financial mistake. for the cowboys of cost themselves now the franchise tag now becomes the floor. The next franchise tag now becomes the floor for the next negotiating period, and so on and so on. We've seen how this works out. But what's the deal I wonder you know he's? He's one of the most efficient players in the league. He fits well in the offense. You kept the coordinator. Is this Mike McCarthy saying? I WANNA. Get a look at the Sky I. Yeah this one is surprising as well to me. Connor I mean it seemed like they were the last couple of weeks headed toward their kirk cousins situation, but it's still kind of stunning that they took care of their running back before their quarterback like this all dates back to that decision to sign Ezekiel Elliott I instead of taking care of the quarterback, and that and they end up here and now they're in this as you referenced this. Three, year kind of tag situation where the numbers go up, which obviously is the base negotiating point for a long term deal, so you know next year would be. This year's tag is about thirty one million next year tag is like thirty seven and a half million or so, and then they have a choice between the transition and a super high franchise tag the year after that as opposed to the long-term deal. Deal
Will Dak Prescott Sign A Long Term Deal With The Dallas Cowboys?
"Prescott. There is two hours and fifty one minutes left until Dak, Prescott, and Dallas Cowboys can work in extension if not he will be under the franchise tag for the next season earning himself thirty one point four million dollars guaranteed. With the potential chance I, guess up after this season or get franchise tag again. He is now the third quarterback in the history of franchise tags and the NFL to play on the franchise tag. If that happens obviously before after four o'clock drew brees that it what the San Diego chargers. He leaves Don Kirk cousins, does it? What The Washington redskins twice? He leaves town, so history says Dak Prescott will play. This franchise tag may be getting again even but not in Dallas Cowboy long-term. If Your Dad, how do you feel? Do you pumped about thirty one point? Four million dollars guaranteed because if I'm looking at that piece of paper I'm like fucking here we go. Yeah. He's got to be torn. I would imagine I'm sure you're excited. Okay? I'm going to be the starting quarterback for the Dallas Cowboys for another year. MC, thirty one million guaranteed, but he doesn't feel like he has that long term security that he wants from the team. McKay. You think I'm your guy. You're willing to pay thirty one MIL for one year. Why doesn't that don't you think you should give me five six year extension and give me big time money for down the road? That's where he's gotTA. Be Thinking, but so if he doesn't do it today though. He will become a free agent. When the League year starts next March right now after the season they can negotiate. There's another window after the season before free agency to work a long term deal. I actually had that happened after I got franchise tag the day before free agency, we worked a five year deal or four year deal, so I never hit the market, but I was franchise tag the year before, so they could still potentially do that, but I guess I five year deal was offered to Prescott. Numerous Times but DAK wants a four year deal. Cowboys won a five year deal and we've been told by everybody around the cowboys and that knows the organization that that is literally. The only holdup is a one year difference so that's very interesting to me because it feels like there's it's much bigger than just a one year difference there. Thirty three to thirty five million dollars offered with over one hundred million dollars guaranteed, so if you look at that, they know that the cowboys won a five year deal that means three years of that deal was guaranteed. The other two were not locked in for five years as opposed to attack once for four, so everybody's assuming he's going to sign that deal. They're not going to get a deal done, but it's interesting because. He could potentially get thirty seven point four or something next year if he gets franchise tag thirty seven point nine if he gets franchise tag again I, don't see them running into the situation next free agency. I don't. There's no way that the franchise tagging him again they would. You would think they get the deal done I think that they're trying to see if he and Mike McCarthy going to work, I honestly believe that I think there's now granted. They made him one hundred million dollar guarantee already, so maybe I'm wrong in thinking
Are Banks Safe?
"Month they had several plus members. Share an article with me. That was published in the Atlantic titled Becoming Bank Collapse. The subtitle was the US. Banking System could be on the cusp of calamity this time. We might not be able to save it. Article was written by Frank Partnoy. He's a law professor at UC Berkeley. That's a pretty ominous title. We WanNa look at the article as well as the state of US banks and banks around the world. Should we be worried given the pandemic is the banking system poised to collapse. I was especially interested in the article, because it came out right after I had increased my allocation to stocks and added a preferred stock et after the money for the rest of US plus model portfolios. The particular preferred stock after us by shares has about twenty six percent allocated to banks and banks are on the cusp of this calamity that does not bode well for preferred stocks. In the article, Partnoy is particularly worried about banks exposures to an esoteric security. A collateralized loan, obligation or see Elo. We Discussed Sea Ellos back in episode two six in May twenty eighteen. collateralized loan obligations are asset backed securities issued by special purpose vehicles or s peeves. The S P V purchases leveraged loans which are non investment grade bank loans that have been syndicated. A, bank will make a loan to a Non Investment Grade Company, a higher risk company and then sell that loan into the marketplace. Many of those purchasers are Clo's is over a trillion dollars of leveraged loans outstanding. and. Most are held as part of these collateralized loan obligation structures. The way it works. Is that s? Cells, debt and equity securities that comprise to see yellow. Those securities are backed or collateralized by the leveraged loans. The CEELO has multiple layers tranches that are sold separately. The debt layers are rated by credit quality, so the senior layer is triple A.. There are lower rated debt layers known as mezzanine layers, and then there's an equity layer which is unrated. The payments on the underlying leverage loans, those payments are pooled together and flow in order. The first payments go to the senior AAA layer then to the lower rated layers, and then finally to the equity layer. That is known as they waterfall. The debt tranches are over collateralized debt ACL Oh might have issued five hundred million dollars in debt securities as part of the L O that are backed by six hundred and twenty five Million Dollars Worth of leveraged loans with the Additional One, hundred, twenty, five million in loans funded from selling the equity trunch. Each Cielo about one hundred and fifty to two hundred and twenty-five loans. And because the leverage loans, themselves are floating rate notes. Their interest rates will fluctuate as short term. Interest rates change the debt tranches within a cll are also floating rate, so there's some protection if interest rates rise. Now because of this waterfall structure, the equity tranches takes the first losses, then the lower rated debt tranches, and finally if it gets to that this senior triple, a. rated debt trench suffered losses. That hasn't happened before. The SNP does a global Cielo report looking at default rates. From Nineteen ninety-six to twenty, eight eighteen overall default rates for CEELO's was zero point five percent. The worst vintage year was sea ellos issued in two thousand eight. there. The default rate was one point seven percent. There have been no defaults in CEELO's issued between two thousand, nine and two thousand eighteen. And from that one, thousand, nine, hundred, sixty, two thousand eighteen period, there has never been a default for the triple eight trunch, and only one default for the AA trunch. Now as you know, we are in a pandemic and defaults within the High Yield Bond and leveraged loan space is increasing. Fitch estimates the twelve month default on leveraged loans is four percent, and that more than two hundred billion dollars of leveraged loans will default through year end twenty, twenty one. Adequate to a two year cumulative default rate of fifteen percent. Just because leverage loans are defaulting doesn't mean all the different tranches of a coo is experiencing a default. So a report on the wall, Street Journal from mid May that showed about ten percent of Cielo managers have been diverting cash flow away from equity investors and going to the debt tranches, which means there have been default that are starting to impact that junior equity trunch. What is different from this cycle, though is leveraged, loans are more risky and we discussed that in episode to a six. The covenants on these loans are less restrictive. The credit quality is lower. The financials are weaker and so we should expect defaults to increase. Question is will see a low default and other defaults and other loans impact banks to where we should be worried about our savings or investments that we might have in banks. In banks securities. Including their common stock and their preferred stock.
iPhone Users Who Experienced 'Batterygate' Can Now File to Receive Around $25 Settlement From Apple
"You've got caught in the Columbus Battery Gate Calamity. Get ready to grab a little dory me. A very little DOE ray me. And Gadget says there's a site setup that'll let victims of the slow ness apply for as much as twenty five dollars. If? You're not sure what we're talking about. This was the thing where apple slowed the performance of some iphones and didn't tell anybody they were doing that. Then it got caught doing that and said it was sorry. Launched a battery replacement program for affected phones and Gadget says. Apple agreed to pay up to five hundred million dollars to US consumers as part of a settlement that came out of its iphone Battery Gate Saga. That happened at the beginning of March of this year. which fun fact was ninety seven years ago? To qualify for a payment report says you must either currently have or previously owned an iphone, six iphone, six plus iphone six as iphone, six S, plus and or an iphone s e, the ran IOS tend to dot one or later before the twenty first of December twenty seventeen. Also included iphone seven and I phone seven plus models that ran IOS. Eleven thought two or later before. December twenty, first twenty seventeen. You must have also experienced. Diminished performance on your device. Settlement sites. FAQ Says Apple will provide a cash payment of approximately twenty five dollars per eligible device. If you want in on that stack, Lincoln's and gadget says you have until the sixth of October to submit a claim at that point, you can expect payment at some point after the fourth of December. That's when a judge will sign off on the settlement. Provided. There aren't any appeals.
Native advocate welcomes Washington Football Team name change
"National Native News Antonio Gonzalez a native advocate is welcoming the Washington football teams announcement. Monday the team will be retiring the R. Word Name and Logo, according to a statement team owner Dan Snyder and coach Ron Rivera are working to develop a new name and design native advocate Amanda. Black Horse has been part of the change. The Name Movement including involved in litigation for fifteen years over the teams use of the R. Word Well I'm very excited and happy that teen decided to. Retire the name and logo. This is has been a long long time for me and I'm glad that. It's finally happening. I wish that the will continue to be aware of Syria typing of the people in the the branding, they will say from using any names needed team. The team announced in early July a thorough review of the name following pressure from funders and renewed calls to drop the name amid racial justice rallies, being held across the country black horse credits, the black lives matter movement for helping raise awareness of the Washington DC NFL team named I. think that really opened up a lot of. People's eyes to racial injustice and to stemming racist and. and. you know I'm I'm just? You know it's a great time, but we also must remember those who have who have been murdered because you know Oh, races and and White, supremacy and we have to be mindful that native advocates including black horse say the work to change Indian mascots and logos and professional sports, and in schools is not over as renewed calls for the Kansas City football team to drop its India Mascot and also in professional baseball and hockey. Tribal leaders are pressing US lawmakers to pass key water legislation as community struggle with water issues which have increased Dudakovic Nineteen Matt. Laszlo reports from Washington tribes across the nation earn desperate need of clean drinking water. Navajo, nation President Jonathan is recently told House lawmakers that tribes need Congress to step up. This lifesaving legislation is one house vote away from becoming a reality Ms. urge the house to pass the Indian waters right settlement extension. ACT, which would provide more than two hundred million dollars for safe drinking water, a bill that sailed unanimously through the Senate, foreign sharp is the president of the. Indian nations and the affiliated tribes of North West Indians in addition to climate change communities experience Berman disparities, involving lack of access to clean and safe drinking water, the EPA safe and clean drinking water state, revolving funds are mechanism spread wrestling these issues still other say private investments are vital to here's polar Thomas a lawyer with Arizona's possibly There has been little to no private sector, investment and tribal renewable energy projects that directly serve tribal communities and tribes have lagged behind other governments and attracting outside capital through public private partnerships. Tribal leaders are calling on. On officials in Washington to get over there partisan disagreements and include money for Indian countries, drinking water needs in the next corona virus stimulus package I'm lyles loan Washington the Cheyenne River Sioux tribe in South Dakota announced over the weekend it was limiting access to the swift community dacoven nineteen as testing a medical care is being provided last week. The tribe issued a mandatory face covering order to slow the spread of the virus, other emergency cove, nineteen safety measures will continue as positive cases on the reservation reached thirty eight as of Sunday. I'm Antonio Gonzalez.
A Tech Cold War Looms
"This week Britain's minister, Boris Johnson is expected to reverse a decision. He made in January to allow the Chinese telecom giant hallway to build part of the country's five gene at work. The British public deserve to have access to the best possible. Now if people oppose one brand or not. To tell us what's the alternative. Britain has come under enormous pressure from its biggest America which sees while way as a security threat. It's not the only Chinese firm that America views with suspicion. Last week Secretary of State Mike. Pompeo told Fox. News the government was considering banning the social media. APP TIKTOK. Owned by the Chinese firm by dense. We're certainly looking at it I. Don't want to get in front of the president, but it's something we're looking at. What would you recommend that people download that APP on their phones tonight tomorrow anytime. currently Boley if you want your private information in the hands of the Chinese Communist Party. and American firms are caught to the geopolitical tensions between the world's two biggest economies. Google Microsoft and twitter all said they would stop cooperating with Hong Kong's authorities for the time being because of a sweeping new security law there imposed by Beijing. It all adds up to what's being called. A new Cold War fought on a digital battleground. For the last three or four years, people have talked about the tech. Cold War. Patrick Fouls is the economists business affairs editor. This strange thing is it's been hard to see evidence of much damage on the ground, and in fact, the companies like apple and Hallway in China. It's really been a golden era in some ways with record sales and profits over the last couple. Couple of years was become clear however in the last few weeks. Is The tech cold? War is really beginning to bite. And why is that? Why is that split becoming so much more certain now? Well I think what you can do is look at it at two speeds. The world of software and the Internet was never particularly linked up in the first place so. Chinese consumers can't use most American Internet companies and vice versa, and what we're seeing, there is the final tentacles are beginning to unwind really very quickly, and that's that's example. The TIKTOK BAN THE REFUSAL US tech companies to play ball with the new Chinese law in Hong Kong so that. World really splitting quickly. The thing that's taking more time is the heart where supply chains which are much much more rigid structures is many many hundreds of billions of dollars of equipment in the grand huge numbers of people being employed, and it's really very hard to untangle those quickly, but that does not seem to be happening as well partly, because of the American actions against Hallway, but also because China seems to be deciding okay, we're GONNA have to go alone here which means we're going to have to really ramp up investment, and so, how how prepared are the country's respective? Tech Industries to to make that split complete. Will in the wall, the softwares already in effect pretty much happened in the world of hauled where the answer is, people are beginning to get plans up and running so smick this Chinese semiconductor company not take that seriously in the past by its Western and Asian competitors, but now it's really raising very big box the ideas to supersize the production capacity and sophistication of semiconductors in China. That's a process that's underway. Similarly Wall Way in China is scrambling around to find alternative sources for the key components that it purchases from the West particularly American companies and over the next I think eighteen months will see a sense of whether that's possible. The one thing to make clear is there are some companies. Companies here which are just left in very uncomfortable positions. Apple in China makes over one hundred million dollars a day there on the simply no easy way for it to pick sides in. You know it depends on the US Amazon China similarly. TSMC, which is the huge Taiwanese semiconductor company that really dominates the industry to some degree. It depends on Chinese customers and American ones, and for those companies that are caught in the middle. There really is no simple answer to this, but if the big picture here is that each country has to build up its own set of software and hardware champions, that sounds expensive redundant I mean. How easy will it be for these countries to make those parallel systems? Well I think you can look at it in two ways. One is sort of finances of it almost an and just that you're going to have to duplicate. Supply chains to some degree and I think that could easily cost. Hundreds of billions of dollars to do is not impossible, and arguably within the scale of the overall economy is a super tolerable inefficiency. I think the other call St-, which is much harder to get to grips with is just the risk of this process spiraling out of control. And to give you two ways in which could happen, it could easily for example move from the world of tech to the world of finance with western Chinese banks subject to sudden private. BANS FREEZES OF ACTIVITY. A night could be much more destabilizing because the financial system is very sensitive to changes like that the other risk is just that this becomes the thin end of the wedge, and sooner or later we find out that suddenly American calls or Chinese toys, or a growing list of things deem to be of strategic importance I and instead of this really being an argument bat security, it just becomes an indiscriminate path of protectionism, the house, a huge economic cost, but on technology end of things that is inherently a global business. How do you think other countries are going to deal with this split as it happened? Well the assumption I think of many American policy makers is the world's default is to use Silicon Valley and one of the things that will happen is that assumption is tested a pretty painful way? It's clear that some very close American allies. Japan Australia possibly Burton will. Ultimately vast choose go with America, but I think we'll see. First of all. China's tech industry now has a very big sphere of influence that includes a lot of Asia where people will continue to use Chinese tech, and secondly that some big economies India's the obvious one may take a third off, and you know be equally hostile, friendly to America and shine. And really seek to play both sides off while developing their own indigenous capacity, so the end of the day. You're heading towards a world where America. Controls most of the world's technology, and then there's this Galapagos of China with its own systems. I think instead your heading to world, which is very fractured with the bulk of the world's population living in countries that use both systems and probably mistrust both to some degree. So. Is it sensible to ask who's likely to win the technical door? I. Think will see both superpowers do probably just find because they are huge. Sophisticated markets and the real losers will be the node countries that are sort of stuck between the two places like Taiwan Hall Sibley Career, where really it's impossible for them to pick sides, and where the own technology industry as a result is going to face a very difficult Erie. Patrick thank you very much time. Jason thanks for having me.
Edwards' Katie Szyman on Medtech's Accelerating Changes
"Katie has had a fascinating career both at Edwards, but also at medtronic where she was president their diabetes business. In addition to that she served on the board of numerous start up companies that are each having a huge impact on their various specialties companies like Inari. Inspire tourney a welcome Katie. Thank gap. It's great to be here. Thanks so much for joining us in. We have a lot of things to cover today, so I'm really excited to have the opportunity at beyond the podcast of let's start with Edwards in critical care and i. a lot of people don't realize that critical care is a seven hundred million dollar business within Edwards. Could you give our listeners an overview of critical care and really what the core of the Edwards offering is? The core initial started Edward. critical care started with the Swan Ganz Catheter, that was actually invented out of Cedar. Sinai and many people know the kind of the story. That invention was just that It was sitting on the beach and said Hey. How do I get a good reading of a patient's pulmonary artery pressure, and it's really hard to do unless you're inside the heart, and it's really hard to get to that pulmonary artery position and figured out that if you took a you know, think about how sailboats work. If you blow up a balloon and let it flow really through the body like a sailboat. Sailboat it would land in the pulmonary position, and that was invented almost fifty years ago. by a Jeremy Swan Ganz out of Cedar. Sinai. That was the beginning of our business. And since then we've really expanded and focused on advanced Chemo, dynamic monitoring, really in patients in the ICU or in high risk surgeries whether cardiac surgeries or high risk, non cardiac surgeries that may be four patients that are very thick and that have surgery greater than three hours, so are being screw from the beginning with the Swan. Ganz Catheters, and now we do you know all kinds of pressure? Monitoring Technologies really focused on making sure patients. Are Stable. That's great actually didn't know the the history of the slum Ganz Catheters so that's fascinating. One one of the things that must be having a huge impact on your business is the current crisis were facing in vid. How has that Changed Your Business in in? How are you seeing? Critical care evolve through this crisis. It's an interesting I. Think for us. We always assumed so much of our business was in the ICU and out with the with Kobe hitting. We've seen it hit in various degrees, so for example in the UK They realized that they had a significant shortage of ICU. And so they came through and ordered like one point, two million DP or pressure sensors from us to stock up so that they could build out there I see us other countries like Germany or the US had adequate ice, you beds in different parts of the country of the US. We've seen some regional spike, but overall I think we've found in the US. We had enough ice. You better than in Germany. They have enough, but then kind of across the rest of Europe. They found significant shortages so. So, we've seen some spikes in demand, related to building I, you capacity, and then we've seen just various spikes in demand like regionally for example in New York and New Jersey. Of course we've seen some higher demand there, but on the flip side, probably fifty percent of our revenues come from high risk surgery, and so with the cancellation of surgeries, really across the US and the world we've seen the kind of downward demand or downward revenues for about half the business for the high risk of our procedures. Interesting. I didn't realize it cut both. Ways. I think the the the building of stockpiles are expanding capacity is interesting dilemma that I think a lot of companies are are facing because on the one hand, it's great from the near term business side on the other hand you wonder. What will purchasing look like in the future with these SORTA stockpiles? How do you deal with that are a that? Is that something that? You see is. Concerned going forward. Yeah absolutely like so. It's been interesting journey for lot of our products manufactured of the Dominican Republic and in the Dr. Reduction of human you know of of human capital in terms of the workers, because many of the workers that were over age sixty were no longer able to come to the work that reduced our capacity by about eighty percent, and meanwhile then we had this bike demand. So now. We're sort of getting back to a steady state where you know, people are able to come back to work, but it's been a really interesting short-term. And there's also the concern as you said like. We've had this surge in demand, so we've had to work double. You know three shifts, and through the weekend to meet kind of these spikes in demand building capacity, but we all recognize that that's not going to be sustainable, and it's going to go back to a normal state afterwards so mostly. We're just hiring. And trying to use extra shifts as a way to kind of manage it so that we don't all become over capacity by ourselves right permanently. Yeah, yeah, no, that I mean you think of the. A lot of people think about what's happening on the front lines as they should, but the ripple effect through your business through your supply chain is, it's incredible. Just think how complex our businesses have become. And little changes in the overall environment can impact the you know the whole supply chain. It's it is amazing like for supply chain in particular, because we've also seen the regulatory bodies whether it's in Europe or in the US being flexible to try to approve product quicker just to kind of provide for the emergency situation, so you know for example we had excess capacity of our Asia sensors, and so we were able to quickly get those approved into Europe so that they could actually get to their patients in Europe almost on a temporary basis. Basis so I. You know I think the one summary of what's happening is very unpredictable and I think there's some really good permanent changes in terms of realizing that we can all work together globally better whether it's regulatory bodies whether it's manufacturing whether it's you know distribution channels as you're talking about shipping channels. All of that I think is all going to be permanently changed, and hopefully some of the changes will be for the better I really believe that.
Medtech's Accelerating Changes, Leadership Development and Having Fun
"To the Matt, tectonic podcast. This is your host Jeff Pardo, and in today's podcast I'm thrilled to have Katie Simon. Vice President Edwards Life Sciences and general manager of Global Critical Care Business. Katie has had a fascinating career both at Edwards, but also at medtronic where she was president their diabetes business. In addition to that she served on the board of numerous start up companies that are each having a huge impact on their various specialties companies like Inari. Inspire tourney a welcome Katie. Thank gap. It's great to be here. Thanks so much for joining us in. We have a lot of things to cover today, so I'm really excited to have the opportunity at beyond the podcast of let's start with Edwards in critical care and i. a lot of people don't realize that critical care is a seven hundred million dollar business within Edwards. Could you give our listeners an overview of critical care and really what the core of the Edwards offering is? The core initial started Edward. critical care started with the Swan Ganz Catheter, that was actually invented out of Cedar. Sinai and many people know the kind of the story. That invention was just that It was sitting on the beach and said Hey. How do I get a good reading of a patient's pulmonary artery pressure, and it's really hard to do unless you're inside the heart, and it's really hard to get to that pulmonary artery position and figured out that if you took a you know, think about how sailboats work. If you blow up a balloon and let it flow really through the body like a sailboat. Sailboat it would land in the pulmonary position, and that was invented almost fifty years ago. by a Jeremy Swan Ganz out of Cedar. Sinai. That was the beginning of our business. And since then we've really expanded and focused on advanced Chemo, dynamic monitoring, really in patients in the ICU or in high risk surgeries whether cardiac surgeries or high risk, non cardiac surgeries that may be four patients that are very thick and that have surgery greater than three hours, so are being screw from the beginning with the Swan. Ganz Catheters, and now we do you know all kinds of pressure? Monitoring Technologies really focused on making sure patients. Are Stable. That's great actually didn't know the the history of the slum Ganz Catheters so that's fascinating. One one of the things that must be having a huge impact on your business is the current crisis were facing in vid. How has that Changed Your Business in in? How are you seeing? Critical care evolve through this crisis. It's an interesting I. Think for us. We always assumed so much of our business was in the ICU and out with the with Kobe hitting. We've seen it hit in various degrees, so for example in the UK They realized that they had a significant shortage of ICU. And so they came through and ordered like one point, two million DP or pressure sensors from us to stock up so that they could build out there I see us other countries like Germany or the US had adequate ice, you beds in different parts of the country of the US. We've seen some regional spike, but overall I think we've found in the US. We had enough ice. You better than in Germany. They have enough, but then kind of across the rest of Europe. They found significant shortages so. So, we've seen some spikes in demand, related to building I, you capacity, and then we've seen just various spikes in demand like regionally for example in New York and New Jersey. Of course we've seen some higher demand there, but on the flip side, probably fifty percent of our revenues come from high risk surgery, and so with the cancellation of surgeries, really across the US and the world we've seen the kind of downward demand or downward revenues for about half the business for the high risk of our procedures. Interesting. I didn't realize it cut both. Ways. I think the the the building of stockpiles are expanding capacity is interesting dilemma that I think a lot of companies are are facing because on the one hand, it's great from the near term business side on the other hand you wonder. What will purchasing look like in the future with these SORTA stockpiles? How do you deal with that are a that? Is that something that? You see is. Concerned going forward. Yeah absolutely like so. It's been interesting journey for lot of our products manufactured of the Dominican Republic and in the Dr. Reduction of human you know of of human capital in terms of the workers, because many of the workers that were over age sixty were no longer able to come to the work that reduced our capacity by about eighty percent, and meanwhile then we had this bike demand. So now. We're sort of getting back to a steady state where you know, people are able to come back to work, but it's been a really interesting short-term. And there's also the concern as you said like. We've had this surge in demand, so we've had to work double. You know three shifts, and through the weekend to meet kind of these spikes in demand building capacity, but we all recognize that that's not going to be sustainable, and it's going to go back to a normal state afterwards so mostly. We're just hiring. And trying to use extra shifts as a way to kind of manage it so that we don't all become over capacity by ourselves right permanently.
"hundred million dollars" Discussed on KIRO Radio 97.3 FM
"Hundred million dollars more in spending next year among the big gas from the public we support doing more tiny house villages we know that they work we don't have enough shelter we need lots of tiny house villages look as members almost wanted not get the massive expansion of tiny house villages she asked for at least two million dollars of the more than one hundred million homeless spending is set aside to build more tiny house villages across the city however we DO tennis got says the council votes on the budget Monday king county taxpayers are doing some heavy lifting and analysis from the state office of financial management shows king county taxpayers exported two point ninety five billion dollars to support other counties in twenty sixteen The Seattle Times which took a close look at those numbers that that's about thirty seven cents out of every dollar time for cover radio real time traffic is Tracy Taylor let's keep an eye on the line up for drivers right now and military road in Spanaway loop road and traffics alternating through that scene but drivers are texting me at nine eight nine seven three saying Hey trace a military road heading towards store and laid the roads blocked off because of a train there so it sounds like a train is stuff or it's not moving and that's what's causing some headaches there till alright so let's talk lineups because things are definitely on the slower side ninety eastbound between I for I've been heading out to mid span of the bridge and west bound there is some slowing closer to east Mercer way the on ramp from east Mercer way that's correct there that's blocking and that explains that lock up outside of fact toria and backups on west on five twenty start from four oh five now cross the bridge deck both directions of I. five not only like mainline lanes but the express lanes are starting to slow down north found outside of the convention center most of the way and about lake terrace southbound from just after Northgate through the downtown core it or if you want to bypass the back of the south on ninety nine north on ninety nine tunnel is wide open for you right now there's a wreck on less than eighteen just east of tiger mountain traffic is a little slow as we approach that scene but let's take a look at those travel times excuse me from Bellevue to ever it was sitting at sixty four minutes our Bellevue to Seattle drive on I. ninety is going to take you thirty four minutes and if you are headed from federal way to to comment if the twenty six traffic brought to you by Anthony says the tree for us this month enjoy a sweet and tender lobster tail dinner at participating Anthony's restaurant for twenty six dollars Monday through Thursday night the reservations at Anthony's dot com have a radio real time traffic entries to Taylor I have a little ice on some roadways because of freezing fog early morning temperatures in the upper twenties and thirties highs tomorrow in the fifties with sunshine I'm Cairo seven chief meteorologist Morgan Palmer it's fifty degrees in downtown Seattle I'm to the box download our app to listen on your smartphone however radio ninety seven three FM news and talk powered by the Pacific Northwest coming up on the Katy my can talk show the six billion all hits for Disney yes so artificial intelligence it's so easy to do tack as eight skinny eats these jobs well there is.
"hundred million dollars" Discussed on NewsRadio KFBK
"He likes it. When you talk back. Tom sullivan. All right, creative. The most creative tweet in a long time. A tap tweet and says I can see now if things stop working in a Microsoft dome, just go outside and cycle the circuit breakers. An apple homeworks all the time. But you can't have visitors unless apple approves and the home cost twice as much as the Microsoft home. It's very funny. I like your humor tap very much. Mark louisville. We were talking to you in in some brought up Louisville Ken did saying why not while these big companies build out in like FedEx and UPS they went to Memphis and Louisville. So. Why there? Well for them. It was logistics. Right. Oh, yeah. Both Memphis and Louisville gas is the largest employer here. And it's because it's centrally located right? And you know, but for these companies they want to be near talent. And they also want. Everybody should have known that apple is going to locate your Washington DC because that's going to be their biggest client. But you know, if they talent they have to attract talent by having a certain level of school systems there and other things, but the problem is these tech companies are really an abomination when you compare them to. You know, traditional business. If if a Ford was another big employer here, they they have high people they have just like you get they've got people that throw packages and people that fly planes, right? And they're totally different. Right. Yeah. When you look at these tech companies, you're talking sixty seventy percent of the employees are high income earners? Yes. And the infrastructure does not exist to absorb it would be no different than if you inserted an animal species into an environment that you know, that they they consume all of the real estate to the point where the species, they can't exist. I e low income people they're either pushed out or they go state like I said, my parents house it it's all it's all a gentrified neighborhood. When I grew up there. It was all a bunch of poor people sitting around so it, but it's close in. So that is the benefit why they paid more money and more money and more money as as the homes been bought and sold and bought and sold because high price people wanna live close to where they work Bengo up. It went. I don't know what the answer for it is other than like any other species. If you look at it from, you know, each each city has its carrying capacity, just like any environment has a carrying capacity. And I think at some point these tech companies are going to have to spread their workers out because they're going to kill. Cities if they go into because the only option is going to you know, like like you said, what is what is the fast food worker? What is the firemen you can't tax and support all the people that work for industries that are low margin? So how do you see this five hundred million dollar investment by Microsoft where they're going to build? They say they will build affordable housing. They're going to have to make it. So that it's in close to the city. They're going to have to make it. So that only certain people can buy the home, not everybody. Can I don't care how much money you have you? Don't qualify. It's going to be a different qualification. Than what we normally. It's kind of like corporate section eight. And you know, the promise offered a million dollars with nothing. He talked about developing housing. It doesn't go very true. It is the biggest gift in Microsoft's history. Five hundred million dollar pledge part of it is is homelessness. Don't get me started on that. Because I think that the more they give to the homeless more homeless. You will get. But the affordable housing, I do get. I get that. In a big big way. I don't understand what. Well, I mean, I'm I'm living right in the heart of where once upon a time a long long time ago there were middle class people living in Manhattan, and they scattered. They went over and Fred Trump, build a bunch of homes over queens that were affordable in the people flocked to queens. I'd go for the commute. Yeah. Suburbia? Exactly, exactly. I think I think instead of spending five hundred million dollars, Tom, they should they should diversify their workforce and spread them out and others. Court. They're just proportionate salaries. Don't negatively impact those communities from a cost standpoint as much. You would have to spread them way way out way way out because. I have you seen the new apple headquarters building, the big spaceship? In in Silicon Valley massive is this big circular building. But silicon valley's gone it belongs to the techies, and it has for a long long time. Sure. I remember one of the real estate every day. Hey, I can't imagine dealing with that. And and look at those costs. I guess my point is if these companies really wanted to to be good steward of these cities. They wouldn't build these monster campuses. But they wanna have the March because that's what the that's what the high paid engineers one be a monster campus where they. No. Well, look at national. I mean Nashville is exploded. Because a lot of a lot of companies went there because of those lower costs, right? But there's only so many, I know. There's double edged sword where all the politicians and the people who live in those days want high paying jobs, but the problem is if you get too many they destroy. Yeah. Yeah. That that.
"hundred million dollars" Discussed on 710 WOR
"Five hundred million dollars. We're going to have significant law enforcement presence at every public school in our state. It also raises the minimum age for buying any gun in Florida to twenty one at it poses a three day waiting period for those purchases for the students of Marjory stoneman Douglas, high school, a long and painful recovery process is only beginning just trying to keep in mind off it as much as I can anyone is physically prepared mentally prepared. They say time heals all loons, but it's like how much time is Jim Ryan ABC news, a presidential advisory board was formed to look at ways to prevent school shootings. The president wanted to arm teachers, but the committee which has just issued its recommendations did not go that far instead recommend specific guidelines for arming highly trained teachers in October a gunman walked into a synagogue in Pittsburgh serenity of services at a synagogue in Pittsburgh shattered by gunfire and desperate calls for help. In the end eleven people are dead. If began with a chilling series of calls from inside, the tree of life synagogue in. Pittsburgh's squirrel hill neighborhood. Active shooter met with a hailstorm of bullets from the doorway. The suspect identified as forty seven year old Robert Bowers retreats to third floor classroom. Badly wounded in the exchange of gunfire before the suspect also wounded surrenders to police about. About. It was the single worst act of violence against Jews ever to take place on American soil mourners like this young singer for Montreal came from everywhere as Pittsburgh mayor Bill Peduto called for unity. We.
"hundred million dollars" Discussed on KLBJ 590AM
"With water every aspect of it your home, your Bill, your water Bill every anything is going to shoot through the sky. How about take this one step at a time? How about we talk about the the aquifer I of the tune of five. Billion five hundred million dollars in growing. I mean, that's one thing. But to throw this other thing in the mix man, so you got to borrow the five hundred million dollars to build the aquifer that that's that that adds to unaffordable in our city. And now you want every home in every business to have to plumbing systems. Yeah. Two completely separate systems. That's great for plumbers out there, though. Sure. Big business. I'm sure plumbers are absolutely thrilled about that idea. That means business not only installing but repairing so. Be interesting though, right? Splash on the heels of the water treatment plant that had to be shut down. It is interesting. And I think I think we can listen those days, which are already long gone of us being able to watery our yards twice a week will never happen again in Austin. We will never ever do that. I promise you that day will never come. I have a feeling that Austin, Texas will probably and some others in the area. We'll get to the point like, you know, various cities in Arizona and Nevada that have actually banned watering your lawn gravel while you're gonna zero scape. You're going. Yeah. You're gonna have a gravel front yard like they do in Arizona. The first thing you'll see is cactus ban cedar trees, because that's all they do is suckling. If that's all they do is suck water. They don't provide any shade whatsoever. And they make a sneeze and they make a sneaky. But no, they won't because their habitat for the golden cheek warbler. Yes. And the black cat, very, that's right. You're listening to the best of Todd and Don on NewsRadio. Okay. Oh, BJ everybody tied Jeffries here along with Don prior. This is the best of the Todd and Don show, but stay with us. We're live coming up at five thirty on NewsRadio LBJ. Plenty of sunshine today, it'll be breezy and cooler with.
"hundred million dollars" Discussed on NewsRadio 1080 KRLD
"Overnight hundred million dollars worth the sports cars and luxury cars going display tomorrow in Las Colinas. They've got bodies Rolls Royces. Mclaren all showing off cars at the four season. But people don't realize is that Texas itself was one of our biggest markets. I think the first year it was in the top three in the second year. It was in the one dealer globally. It's Tony Joseph from Clarence all part of the second annual park place luxury and supercar showcase. It's also the last stop in the United States for a life size. Mclaren made out of Legos. You can also. A three and a half million dollar Bugatti on display and a Lincoln zephyr from nineteen forty that the Yankees gave to Babe Ruth new report says Dallas is behind other Texas cities when it comes to the best locations for conferences Dallas's eighteenth on the list from the financial websites smart asset that's two spots below neighbor Irving, which was held by a lower average hotel room rate and restaurant meal costs in addition to its closer proximity to DFW airport. San Antonio tops the list of the best cities for conferences for the fourth straight year. Austin is fourth with Houston at number eight. No other Texas city made the top twenty five Chris summer, NewsRadio ten eighty KRLD. One more reason to go ahead to the state fair beyond just the corny dogs and the other fried foods, you could check out a memorial fair park had page tributes to Americans that served in Vietnam. It's the.
"hundred million dollars" Discussed on KDWN 720AM
"Hundred million dollars. It was providing for stabilization assistance to reconstruct and rebuild Syria. How does that help refugees return to their homes in Syria at the same time? The United States is cutting the number of refugees that we are admitting here at home. Take we have made it very clear, we are not going to pay for reconstruction of Syria as long as there's a rainy and influence there. We're not going to pay for reconstruction as long as ISIS has not been defeated, which we're almost there. We're not going to pay for reconstruction to help Russia out when this is their problem. I what we're saying is there's a lot of things that have to happen before reconstruction is even talked about, and it's not just going to be the US other countries have to weigh in. But right now, you've got a very sensitive situation in Syria and Russia has to step up data ability for this. They've got to manage it. They can't sit there and do whatever they want allowing the Iranians to continue to have influence when they're the biggest sponsor of terrorism and then turn around and have their hand out asking us for money. Russia says the missile defense system is capable of shooting down is really aircraft. Russia blamed Israel for pushing one of its aircraft into a friendly fire incident in which Syria shut down that aircraft. The co founders of Instagram are. Are resigning their positions with the social media company chief executive Kevin system says that he and Mike Krieger planned to leave the company in the next few weeks. They founded the photo sharing Eappen twenty ten sold it in two thousand twelve for just about a mere billion bucks. Probably get five times that amount today. There's no word on why they've chosen to leave. But system says they plan to take time off to explore their creativity again Instagram has seen explosive growth since its founding with an estimated one billion monthly users and two million advertisers. Germany's financial regulator is ordered as ordered a Deutsche Bank to install a special monitor to oversee the implementation of safeguards against money laundering. The boffin regulator said.
"hundred million dollars" Discussed on Mornings with Keyshawn, Jorge & LZ
"You could be maybe a little bit see sorry so what will happen man you ought to pay the bill hey the band so we back it on that beep beep bumped love it yeah espn seventeen see why we're on the radio yeah who knew we were on the radio and before we went off the right you should have heard say in those first minute hour and twenty minutes i'm never giving out my social security number again interesting thing though we were having a heated discussion as george bush george distorts with phrase it that way less heat he would say it's like heated discussion yes that's funny because i forget where we're talking that's right turmoil but the words have reporters they use stuff leading discussion though was excellent i believe it was an excellent heated discussion about that prescott if he's a hundred million dollar quarterback question was top ten quarterback could you two hundred million dollars and then l z then said hey is the atop t in nineteen quarterback better i said i probably could name seven and he probably falls in that last three let me see my math eight nine yeah the last three he probably falls within their eight nine and ten somewhere along the lines and then we asked for people call in if they had wanted to chime in so let the college chime in george less grab a mic from hollywood let's go who's been the longest oh brandon brandon is in the hill he's mad mike he's five minutes you have it so is fivethirtyeight brandon gives a damn frank thirty eight that's website yeah it was actually hello brandon.
"hundred million dollars" Discussed on KELO
"Eight hundred million dollars that if dad wants a new car he's going to get a new car and he's going to get a new house and and that they would benefit as well yeah and this is really really important when you think about bribery laws or conflict of interest laws it's very clear sean if i'm a politician and you want to persuade me and bribe me if you give me money that's bribery but if you give my son money to bribery as well it is bribery that's exactly it's the same do they do it this way i mean do they think that's that one removed is going to make a difference if the sun becomes a billionaire that he's not going to share with the father that puts them in the position negotiate these ridiculous deals they otherwise would never get well the challenge is going to be the same cases it's been with the clintons and that is proving the quid pro quo proving that there's an exchange of services and they use these proxies like their sons to say oh you know joe biden i wasn't involvement i never talked to those guys so basically you know we do have an investigation into the clinton foundation the fbi field office in arkansas we've been able to confirm his doing it i don't know where it is right but i gotta imagine that looking at that hundred and forty five million because they did interview the fbi informant that warned everybody about the uranium one deal that's exactly right and i think that we will be seeing similar activity as it relates to this biden deal i can't go into details but takes no it's taken three how many times have i mentioned uranium well to now bring it to critical masses at three years now that joe biden's son can go spend his his millions well and this is this is key sean this is key the key thing is they're hoping that this story is going to sort of come and go that it will be gotten of the clintons yes exactly and that's why it is so key for dog bone you know so i'd never give up i'll admit it i absolutely well the book is phenomenal and there's so much information on it that's why we have to almost break it down into one topic at a time.
"hundred million dollars" Discussed on WLOB
"A one hundred million dollars school safety bill into law that includes security officers other states have or are taking similar steps on armed resource officers quick action in last week's school shooting in maryland neutralized the suspect jeff monosso fox news main was planning to be the first state in the nation to use ranked choice voting in a statewide primary but the state's top election official has just changed his mind saying an analyst found a car conflict in the law the system leads voters rank candidates from i alas and the one who gets the majority of first place votes wins voters approved the concept over a year ago in maine and supporters say they will go to court to make it happen a funeral in sacramento at this hour for stefan clark shot by police who mistakenly thought he had a gun there have been several days of protests fox's william lauch swat criminal charges against the cavs that's premature but the protests are sending a message and putting pressure on the multiple investigations underway so one is by the police department to determine if the officers violated their use of force policy another by the da will look at the shootings a potential criminal lab the state attorney general overseeing both of those investigations clark's family meantime hiring their own investigator wall street right now a big rally continues the dow is up three hundred nineteen points the nasdaq up over one hundred brady fox news radio wwl ob fm and am next with maine's total weather from channel eight wmd w.
"hundred million dollars" Discussed on KOMO
"To five hundred million dollars that's your money now you're next update in thirty minutes here on komo news one fifty two how about a little bit of a head start komo brian calvert prepares for some minor changes coming to the national pastime spring training is underway and before too long baseball season will be here but make a note the game has changed it's a terrible idea changed the entire nature of extra innings your changed the entire nature the espn's tony kornheiser why's he so worked up minor league baseball has nate an adjustment hey it was an impact the mariners why should i care but it does impact the tacoma rainiers and the everett aqua sox what this is is baseball's quibbling of hockey shoot out because it makes it makes the game into a track starting this season if a minor league game goes into extra frames each inning begins with a runner on second base tony distorting of getting into extra innings this minor and for that matter major league baseball has been exploring ways to speed up the grand old game but purists like michael wilbon aren't fan so what if you think the game is too long and you've got to look at your cell phone go to something else besides starting extra innings with a runner on second other changes this season in the minor leagues including a fifteen second clock between pitches when no one's on base but if there's a mound visit with no pitching change there will be consequences although those consequences weren't clearly spelled out diehard baseball fans are probably more interested in how you score that extra inning that begins with a runner on second hang on for this one if that runner who begins the ending on second base actually scores essentially it's an unearned run baseball with treated just like a fielding error though not miss charged with said error and mariners fans don't think you dodged a fastball with this one there's talk of the starting extra innings with a runner on second.
"hundred million dollars" Discussed on ESPN Pittsburgh
"This sports centre take all night from on ingrid espn ham radio on and the the espn ingraham app angle i'm jim basquoe on fox american news lindsay von struggle must they run their mouths at like the end that of her superg unfortunately ron her a first lot of kids event at and the some adults winter olympics she take did these not ignorant meddle comment vaughan seriously who took the look bronze there might sin be this event a cautionary in 2010 lesson vancouver and lebron games went for wide kids on one of the this last is what happens late turns when you attempt to leave after high school a near perfect a year early run up to that join point the nba von specialty and keep it's in always mind is unwise the downhill to which seek comes political tuesday advice nine from eastern someone she who gets paid a hundred million dollars a year to bouts of all owen laurent and kevin your great players but no one voted for you millions elected trump to be their coach so keep the political commentary to yourself or as someone once said shut up and dribble are steven provided by fox news ibrahim said she used the showed up and blank line two in past to criticize others celebrities including the dixie chicks robert de niro jimmy kimmel and most recently spurs coach gregg popovich he also shut down criticism that her comments came off his races something stephen a smith agrees with a book he doesn't agree with the premise of her arguments have you ever seen a different lebrun i'm watching him and he's and you've obviously play far more attention to him that i have no i'm watching him really mature so much more off the court than i've ever thought that i paid attention to a bomb is phenomenal he's phenomenal from the standpoint that this guy came in the league as a 17yearold with a boatload of expectations and he has exceeded those expectations and he's never gotten in the lick of trouble along the way he's an incredible role model uh he does a he's philanthropy can charitable uh a husband a dad somebody that cares about the community about the inner city community you can't say enough about the greatness of lebron james not just as a player but as a man and then to have the.
"hundred million dollars" Discussed on WGN Radio
"Two hundred million dollars to this proposition two hundred million dollars but it sounds like they're going to make money off of the movie theatres the businesses in the area an advertisement not from the consumer of the product evident celic he knew exactly how they were going to do that like if i'm going to put two hundred million dollars into something i really wanna make sure i know how we're going to get our money back so how are we going to do that again i think he probably knows he just say i want to tell you that maybe not you you know you're probably right violette i mean i i assure hope so but here's something else because you know i've suggested if i win every day of the month thirty days at fifteen dollars that's thirty times fifteen that's four hundred fifty dollars because me ten dollars so he's upside down four hundred forty he said you know what happens their spirits because they've been around long enough now to know a little bit about how people react with the movie pass card he said it's like a buffet at first ugo allott erupt more food than you really want but you can't believe it's free so you just keep get more and more food on your plate and then you really don't want that much he said in fact rather than going to the movie every day of the month people tend to go about twice as often as they used to go if he used to see a movie every month or so you'll now c two movies every month or so just because the movie is a real deal doesn't mean you're gonna wanna go see it if you don't wanna go see that movie i mean your time means something to your right so he said so i'm thinking that there if if people use it every day of.
"hundred million dollars" Discussed on World News This Week
"Eight hundred million dollars of the tax savings on things like workplace training including one hundred million dollars and employee training and education and one hundred million dollars to enhance boeing facilities as part of its workforce of the future initiative we also know a number of companies have said they are going to put this money into share buybacks and dividends and that would benefit shareholders budel last mood vote congress narrowly avoided a government shutdown passing new shortterm funding bill abc's kenneth moton in washington tells us the bills such hope a political fight after the new year friday deadline gop leaders proposed the from the government through january nine t to continuing resolution gives an extension to pay for things like flood insurance and intelligence surveillance the children's health insurance program chip which provides health cure for nine million children no funded through the end of march the white house has indicated is ready to back the shortterm funding president trump tweeted democrats want to shut down for the holidays in order to distract from the very popular just past tax cuts congress punting some thorny issues until the new year like spinning caps healthcare and protections for socalled dreamers missing from the funding build disaster assistance for us states and territories hit by hurricanes and wildfires including puerto rico where one third of the island is still without power homeland security chief cures to nielsen was in puerto rico promising to speed up recovery efforts nielsen admitting things are not moving as quickly as they could on the island that was devastated by a categoryfour hurricane three months ago this gear disaster is new gathering other than that it was very large and unprecedented she noted the number of people who have registered for federal assistance in puerto rico is greater than from hurricanes katrina erma and sandy combined nine of puerto rico's municipalities are still completely in the dark more than two hundred thousand homes were damaged and more than thirty thousand people have lost their jobs linda lopez abc news the result of the vote is as follows in favour one hundred twenty eight against nine the united nations general assembly.
"hundred million dollars" Discussed on WTMJ 620
"The pact's lost to the ravens sunday there's marquette in mali this afternoon the bucks at home tonight against the wizards doug has sports fifteen a baby for refugees in milwaukee the milwaukee jewish federation putting on a celebration with a group open arms now walkie health acclimate the mothers to the us organizer kyw gardner miss love says the support in the community is amazing have donated throw donated i feel so about the warm that the general community is extended to refugees tralima projects helping provide basic items for babies that can sometimes be very costly communities affected by severe weather this year more help from the white house federal funds are needed for recovery from hurricanes harvey erma and maria which together ragged parts of texas the gulf coast florida and the caribbean the fourbilliondollar recent request brings the total so far this requested to one hundred million dollars leaders in affected areas say that simply not enough senator john cornyn of texas says he'll continue to ask for more help we are asking to be treated fairly and we we intend to fight for the the white house responded to critics saying that forty four billion is a lot of money and the texas needs to come up with some money on its own clayton neville dallas firefighters and west alice now believe the fire in an apartment conflicts over the weekend was caused by a candle the fire was contained to a single apartment in the senior living facility near one hundred and 18th and cleveland one person hospitalized are expected to survive wisconsin is he libanan also furthest coexist ripoll season thanks in large part to a stifling defense uh their best players on that so the wall national recognition tg edwards is named one of the finalists for the but is a word this morning give it out annually to the nation's top linebacker edwards is second on the team and tackles tied for the team lead in interceptions with four but he closed out the big ten season at minnesota saturday and then wait to the big ten championship in.
"hundred million dollars" Discussed on KTRH
"Hundred million dollars from somebody else in user fees or taxes or whatever so that the government breaks even or ends up with more emmy ask your question is the national debt going down is the annual federal budget going down on balance is the annual budget deficit going down the answer these questions is all know it doesn't matter if you have republicans or democrats pitching their economic plans or tax plans the government always grows you end up paying more no matter what the government all which rose the government will never ever do with less and of course the government isn't doing with less and it's not your fault you're not running things you don't set policy there are five hundred thirty five people who do that those numbers chain will the number doesn't change the people that comprise those numbers change people win elections lose elections they get a appointed to a cabinet post or leave a cabinet post but their 5 of maturity five people who determined all of this and they all pretty much talk the same way and none of it ever ends up really happening the way they say there isn't going to be an overall reduction in the amount of money government collects from taxes with this plan or anything else so if you know that giambi true if the government is not going to collect any less than somebody tell me where the tax cuts are.
"hundred million dollars" Discussed on KFI AM 640
"Recall that how frightened the politicians are right now bad the people are rising off and finally saying enough is enough we don't want your taxes and and you know the throwing the kitchen sink at are mulling janet gorilla they raided a real is jammed a real estate transaction tax through for yeah as three hundred million dollars yet that would go out tweet if your spouse dies you're going to pay much higher tax for a change the title of your home if if you're on hard luck and uh someone tries foreclose voting on you when you have to actually pay the fever going to be much higher by vic the worst possible package of of property tax increases aid fairness somebody told us dead speaking at a desk that this raises the fee on getting a death certificate um ezra miller similar end as presenter name the something though sadly woman republican who were thinking was referring to and she could very well be correct but the only miladin thing i can see in the bill is that if if if your spouse dies in your current transferred title of property hearing hey like three 300 percent more for that corvette hey i enjoyed it it really is a wicked blue of tax hike uh mm at that that will not lead to affordable housing and actually makes a housing a rough affordable because it literally is going to be targeting people who own property uh and and then what we try to do something about these bad policy that trapped when a politician pull the during trick you celebrated during the recall are changing the rules suing people oh intimidating people bullying people uh and now uh the attorney general is trying to grew with the description of ballot measures uh you know a couple of members of the legislature have been trying to file different versions of our gas and car tax repeal the you know look i i understand what they want to do i agree with them but uh having been around block i i was not surprised when the democrat gave a bad title in summary which is why on our coalition repeal of the gas tax in the car tax we're taking her time we're doing our homework exactly what i did when i.
"hundred million dollars" Discussed on KFI AM 640
"Recall crap how frightened the politicians are right now bad the people are rising off and finally saying enough is enough widow don't want your taxes and and you know they're throwing the kitchen sink at our mulling gender really they raided a real is jammed a real estate transaction tax through for yeah as a three hundred million dollars yet that was blocked week if your spouse dies you're going to pay much higher tax gripper for a change the title of your home if if you're on hard luck and i had someone tried foreclosing on your when you have to actually pay the fever gonna be much higher by ficked the worst off the bowl package of of property tax increases aid fairness somebody told this that speaking at a death that this raises the fee on getting a death certificate um this word mussa melendez was that her name the something though sadly woman republican who were thinking was referring to and she could very well be correct but the only miladin thing i can see in the bill is that if if if your spouse dies in your current transferred title of property hearing hey like three 300 percent more could at corvette she uh and so it it it really is a wicked blue of tax hike uh mom at that that will not lead to affordable housing and actually makes a housing a rough affordable because it literally is going to be targeting people who own property uh and and then what we try to do something about these bad policy that trapped when a politician pull the during trek you celebrated during the recall are changing the rules suing people intimidating people bullying people uh and now the attorney general is trying to screw with the description of ballot measures uh you know a couple of members of the legislature have been trying to file different versions of our gas and car tax repeal the you know look i i understand what they want to do i agree with them but uh having been around the block i i would not surprised when the democrat gave a bad title in summary which is why on our coalition repeal of the gas tax in the car tax we're taking her time we're doing our homework exactly what i did when i did pension reform in san diego which.