Podcasts about CDS

Matthew Taylor delivers an expert-level presentation on EPRs, building on his previous work on parallel rack systems. While his earlier content focused on the similarities between air conditioning and refrigeration, this session explores what makes commercial refrigeration unique—particularly the critical role of EPRs in maintaining optimal operating conditions across multiple evaporators running at different temperatures. This presentation was shared at the 6th Annual HVACR Training Symposium. The discussion begins with a fundamental review of the refrigeration cycle in a typical supermarket setting, where 30 to 80 evaporators may share a common suction line. Matthew explains why EPRs are essential: when multiple cases need to operate at different temperatures (ranging from -13°F for frozen foods to 24°F for fresh products) but all connect to the same compressor rack, EPRs become the solution that makes this possible. Without them, cases would cycle on and off constantly, creating efficiency nightmares, oil management problems, and potential food safety issues. Matthew walks through the mechanical principles of various EPR types, from the high-efficiency Sporlan SORIT valve with its pilot-operated design to the Parker A8 valve that can be installed directly in the store. He also addresses the industry's shift toward electronic EPRs, particularly the CDS modules that offer temperature-based control rather than just pressure regulation. Throughout the presentation, Matthew emphasizes practical considerations: how EPRs affect compressor staging, oil system pressure, defrost cycles, and ultimately, the core product temperatures that determine food safety. The session includes real-world troubleshooting insights and addresses common misconceptions about setting superheat on systems with EPRs. This technical presentation provides HVAC professionals with the knowledge needed to understand, diagnose, and service EPR-equipped refrigeration systems confidently. Matthew's approach demystifies a component that many technicians find intimidating, breaking it down into understandable principles while highlighting the critical role EPRs play in modern commercial refrigeration efficiency and reliability. Topics Covered Basic Refrigeration Cycle in Supermarket Applications – Understanding parallel rack systems with 30-80 evaporators sharing common suction and liquid lines Oil Management Systems – Oil separators, oil reservoirs, oil regulators, and the critical pressure differential required for proper oil flow Compressor Staging and Capacity Control – How parallel rack compressors operate as multi-stage units to match system load efficiently Saturated Suction Temperature (SST) – Why racks are designated by temperature (e.g., "13-degree rack" or "-13 degree rack") and how this relates to the coldest evaporator requirement Temperature Difference (TD) Engineering – The relationship between evaporator temperature and case leaving air temperature, typically 10 degrees in traditional systems EPR Fundamentals – Why EPRs are necessary to maintain different evaporator pressures on cases operating at various temperatures while connected to a single rack Mechanical EPR Types – Comparison of Sporlan SORIT valves (pilot-operated, low pressure drop) versus Parker A8 valves (self-contained, higher pressure drop) Electronic EPR Systems – Modern CDS modules and other electronic controls offering pressure control, temperature control, or hybrid approaches System Stability and Load Management – How proper EPR settings prevent compressor hunting, reduce energy consumption, and protect oil management systems Subcooling Requirements – Why liquid receivers eliminate natural subcooling and how mechanical subcoolers restore it before expansion devices Core Product Temperature – The critical relationship between runtime, EPR settings, and food safety in refrigerated cases Dual-Temperature Applications – Converting medium-temp cases to low-temp operation (like holiday turkey displays) using EPR pilot solenoids Superheat Setting Procedures – Why EPRs must be overridden to 50-100% open position when setting TXV superheat High Glide Refrigerants – Special considerations for setting EPRs with refrigerants that have significant difference between dew point and bubble point temperatures Troubleshooting Philosophy – Understanding EPRs and TXVs as independent systems that don't directly affect each other due to non-critically charged liquid receiver systems Pressure Drop Considerations – How EPR pressure losses (0.5-2 psi depending on type) affect compressor suction setpoints and energy efficiency Electronic Control Integration – Various controller brands and approaches to managing electronic EPRs, from pressure transducers to temperature sensors and PID algorithms   Have a question that you want us to answer on the podcast? 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The Wealth Formula Podcast is one of the longest-running personal finance podcasts still standing. For more than a decade, I've shown up every single week to talk about investing, markets, and the forces shaping the economy. What's interesting is how much my own thinking has evolved over that time. Early on, I was more rigid. I was—and still am—a real estate guy. But back then, I didn't give much thought to ideas outside that lane. I was dogmatic, and I didn't always challenge my own beliefs. Time has a way of doing that for you. I've now lived through multiple market cycles. I've watched the stock market melt up to valuations that felt absurd—and then keep going. I've seen gold go from flat for a decade to parabolic over a year. I've seen interest rates sit near zero for a decade and then snap higher at the fastest pace in modern history. And I've learned, sometimes the hard way, that diversification is about survival and that every asset class has its day. One lesson I learned that I am thinking a lot about these days is: ignore major technological shifts at your own peril. Back in 2014, I first started hearing people talk seriously about Bitcoin. At the time, I dismissed it. I listened to the critics, was convinced it was a scam, and didn't take the time to truly understand it. That was a mistake—not because everyone should have bought Bitcoin, but because I ignored a structural change happening right in front of me. Bitcoin went from a cypherpunk expression of freedom to the largest ETF owned by BlackRock. Today, the dominant story is artificial intelligence. And whether you love stocks, hate stocks, prefer real estate, or focus exclusively on cash flow, you cannot afford to ignore AI. This isn't a fad. It's a general-purpose technology—on the scale of electricity, the internet, or the industrial revolution itself. That doesn't mean it's easy to invest in. It's hard to look at headline names trading at massive valuations and feel good about buying them today. But investing in AI isn't about chasing a single company. It's about understanding second- and third-order effects: energy demand, data centers, productivity gains, labor displacement, capital flows, and how blockchain and decentralized systems intersect with all of it. What experience has taught me is this: you don't need to be first to invest—but you do need to be early in understanding. If you wait until something feels obvious, most of the opportunity is already gone. This week's episode of the Wealth Formula Podcast is focused squarely on AI and blockchain—what's real, what's noise, and where the long-term implications may lie. Listen to this episode. You'll come away smarter. And years from now, you may look back and realize this was one of those moments where paying attention really mattered. Transcript Disclaimer: This transcript was generated by AI and may not be 100% accurate. If you notice any errors or corrections, please email us at phil@wealthformula.com.  Welcome everybody. This is Buck Joffrey with the Wealth Formula Podcast. Coming to you from Montecito, California. Today we wanna start with a reminder. We are in a new year and we are already doing deals, uh, through the Wealth Formula Accredit Investor Club. You can go and sign up for that for free. Uh, wealth formula.com just hit investor club and you just get on there and, and you’ll get onboarded. And from there, all you gotta do is wait for deal flow and webinars coming to your inbox. And, um, you know, if nothing else, you learn something. So go check it out. Uh, go to. Wealth formula.com and sign up for Investor Club now onto today’s show. Uh, the, it is interesting. I don’t know if you are aware it’s a listener, but we are, wealth Formula is, uh, probably I would say one of the, certainly in the one of the top longest running personal finance podcasts still. Standing. Uh, I’ve been around, well, I think the first episode was on like 2014, so it was a long time, but in earnest, you know, at least for over a decade. And, you know, during that time, I’ve shown up every week, every single week. Don’t Ms. Weeks, but none, none. Isn’t that incredible? I’ve shown up, uh, talked about investing and talked about very way markets are working, forces, shaping the economy, all that kind of stuff. But you know, as you can imagine, as a. As a younger individual versus, um, my crusty self. Now, you know, a lot of my own thinking has evolved over that time, you know, back then. And I, you know, I think this appealed to some people, but, um, you know, I was really dogmatic. I’m a real estate guy, right? And I still am a real estate guy, but back then I wouldn’t give anything else the time of day to even think about, you know, and, and, uh, I, I, you know. I was dogmatic and didn’t always challenge my own belief systems. Um, I’m different now, right? I’ve softened And time is a way of, of changing all of that dogmatic stuff for you. You know, I’ve lived through multiple market cycles. I’ve watched, well, I’ve watched the stock market, which I, which I always maligned, you know, melt up to valuations. Uh, that felt absurd. And then keep going higher. I’ve seen gold, which was kind of ridiculous for the longest time. I watched it for like a decade, just pretty much flat, and then it goes parabolic. Over the last year, I’ve seen interest rates sit near zero for a decade and then snap higher. Uh, not even as time, just launch higher at the fastest space in modern history. And I’ve learned sometimes I guess, the hard way that diversification is about survival and that every class, every asset class has its day. Just like every dog has its day. And um, you know, one other lesson that I learned that I’m thinking a lot about these days is ignore major technological shifts at your own peril. So what am I talking about? Well. It’s kind of a, it is a technological shift, whether you think it about not, but Bitcoin. Okay. Back in 2014, I first started hearing people talk seriously about Bitcoin, and at that time I dismissed it. I was, uh, I was listening to critics beater Schiff that constantly called it a scam, said it was going to zero and so on. I didn’t, I didn’t take the time to truly understand it, to try to understand it the way I understand it now, that makes me a believer in Bitcoin. That, of course was a big mistake, not because, you know, everyone should have bought Bitcoin and, uh, back then, well, they, you know, would’ve been nice if they did, but because fundamentally I ignored something that was a structural change happening right in front of me. And since then, Bitcoin went from a cipher punk expression of freedom to the large CTF owned by BlackRock today. The dominant story is actually artificial intelligence. Now, whether you love stocks, hate stocks, prefer real estate focused exclusively on cab, whatever, you cannot afford to ignore ai. It’s not a fad. It’s a general purpose technology and a technology shift, and the scale of electricity. The internet bigger than the internet, bigger than the industrial revolution. Now, that doesn’t mean it’s easy to invest in. I mean, I’m gonna go invest in AI and make a bunch of money because I mean, what does that even mean? It’s hard to look at headline names, trading at massive valuations like Nvidia and all that right now, and saying, oh, I’m gonna go buy that. Who knows? That’s gonna work out. When I talk about investing in AI isn’t really just investing in stocks or any individual company or data centers or whatever. It’s about understanding. The second and third order effects, energy demand. You know, as I mentioned, data centers, productivity gains, labor displacement, capital flows, and how blockchain and decentralized systems intersect with all of that. It is very, very complicated. Um, but it’s really important to start to try to understand, you know, an experience that stop me is this. You don’t need to be the first to invest, but you do need to be early in understanding. If you wait until something feels obvious, usually the opportunity’s gone by then. And you know, the thing about AI is even if you think it’s obvious now. The reality is that most people haven’t really caught on. Maybe they played with chat GPT, but I don’t think they’re understanding what this whole, you know, this thing is gonna do to our world. Um, anyway, so that is what this week’s episode of Wealth Formula Podcast, uh, is about. It’s about AI and also, um, a little bit about, you know, bitcoin and blockchain and that kind of thing. Um, we’re gonna talk about what’s noise, uh, you know, where the long, what the long-term, uh, implications are all of this stuff. This is a show that, uh, I really enjoy doing really, really good stuff. Um, so make sure you listen in. We’ll have that interview for you right after these messages. Wealth Formula banking is an ingenious concept powered by whole life insurance, but instead of acting just as a safety net. The strategy supercharges your investments. First, you create a personal financial reservoir that grows at a compounding interest rate much higher than any bank savings account. As your money accumulates, you borrow from your own bank to invest in other cash flowing investments. Here’s the key. Even though you borrowed money at a simple interest rate, your insurance company keeps paying you compound interest. On that money, even though you’ve borrowed it, that result, you make money in two places at the same time. That’s why your investments get supercharged. This isn’t a new technique. It’s a refined strategy used by some of the wealthiest families in history, and it uses century old rock solid insurance companies as its backbone. Turbocharge your investments. Visit Wealth formula banking.com. Again, that’s wealth formula banking.com. Welcome back to the show, everyone. Today. My guest on Wealth Formula podcast is Jim Thorne, chief Market strategist at Wellington. L is private wealth with more than 25 years of experience in capital markets. He’s previously served as chief capital market strategist, senior portfolio manager, chief economist, and CIO. Uh, equities at major investment firms and has also taught economics and finance at the university level. Uh, Jim is known for translating complex economic, political, and market dynamics into clear actionable insights to help investors and advisors navigate long-term capital decisions. Uh, Jim, welcome with the program. Thanks for having me Buck. Well, um, Tim, I, I, I, uh, had been following a little bit of, uh, what you discuss on, uh, on X and, um, one of the things that caught my eye is, you know, your, your narrative on, on ai, a lot of people are tend to be still sort of skeptical of AI and what’s going on, uh, with the markets. Um, uh, but at the same time, uh, there’s this. Sense. I think that ignoring AI altogether as an investor is, is, is downright potentially dangerous. So, uh, at the highest level, why is AI something people simply can’t dismiss? Well, we live in an, uh, uh, you know, many other people have coined this term, but we live, we’re living in an exponential age of, of technological innovation. And, you know, AI and I’ll just add into their, uh, blockchain is just the normal evolutionary process that, you know, for me started when I left graduate school and came into the business in the nineties where everybody had this high degree of skepticism of the computer and the, the, the phone, the, the. And the internet. And so, you know, what we do is we go through these cycles and there are periods of time where the stars align. And we have a period of time where we have what I would call an intense period of innovation where I would suggest to you that. People are skeptical. Skeptical, and yet at the same point in time, they very early on in the, in the, in the trade, call it a bubble when it’s not. And so I think it comes from the position of ignorance. One, I think two, fear, and then three. If you think about if you are an active manager, I in a 40 ACT fund, um, you know, and you’re sitting there with, uh, you know, mi. Uh, Nvidia at, you know, eight or 9% of your index. And that’s a big chunk that you’ve gotta put into your fund, uh, just to be market neutral. So there’s a lot of people that hate this rally. There’s a lot of people that are can, going to continue to hate this rally. But the thing I anchor my hat on are a couple of things. Look at if this is no different than the railroad. Canals, any major technological innovation, will it become a bubble? Yes. Just not now. So, so let’s follow up on that, because a lot of people think, or are talking about the, do you know the.com bubble, uh, comparisons, and you’ve argued that that sort of misses the real story. So, so where are we getting it wrong right now? Are those people getting it wrong? In the nineties buck, you’d walk into a bar and there wouldn’t be ESPN on there’d be CNBC on people were getting their jobs to become day traders. Folks didn’t go to the go to university because they were basically getting their white papers financed. You had companies that were trading off of clicks. So I lived that. Anybody who is of a younger generation has no idea what a bubble is, and it’s specious and pedantic for them to use that term when they have no clue about what they’re talking about. But you did mention that it could become a bubble. How do we know when it does become a bubble? Oh, it’ll become a bubble. Well, when, when, when you know, the, what, what I am looking for is, you know, when we, when the good investment opportunities start to dry up, when liquidity starts to dry up. So what I, it’s not about valuation, to me it’s about liquidity. So in 2000, what, and I’m roughly speaking, what went down was you had all these companies that were trading at Strat catastrophic valuation, this stupid valuations, and you walked in one day and they didn’t get financing. And if you read the prospectus or you followed the company, you knew that they were not going to be free cash flow positive for another two or three rounds of financing. All of a sudden you walked in and everybody goes, oh my God, this thing, you know, trading at 250 times sales. And everybody went, yeah, of course. And so what it was is, was when does liquidity dry up? So I’ll give you a date, um, you know, with Trump’s big beautiful bill act. 100% tax deductibility of CapEx and that goes until Jan 1, 20 31. So to me, that’s a very motivating factor for people to, um, invest. The last thing I would say to you in more of a game theoretic context book is, look, if you are a big tech company and you don’t invest in ai. You are ensuring your death. Yahoo, Hela Packard. I can go through the list of companies that cease to invest, so they’re looking. If it was you and I when we were running this company, I would say, dude, we gotta invest because if we don’t have a poll position in this next platform, whatever it is, we’re done. We’re toast. And I think that’s why you’re seeing all these hyperscalers spending as much money as they are. ’cause they get this, they saw it. So, you know, you framed ai not necessarily as a a tech trade, but as a capital expenditure cycle. Can you explain that to people? Well, what we need to do is we need to build out the infrastructure of ai. Then, and that’s the phase that we’re in right now. So it’s more like we’re building out all of the railroads, the railway tracks and the railway stations across the United States back in the 18 hundreds. And then we’re gonna go through that building phase. And then as that building phase goes, some companies, some towns, are going to basically realize and recognize what’s happening and start to basically take ai. Bring it into their business model, into enhanced margins. Right. So right now we’re building it out. I mean, you know, we all focus on the hyperscalers, but the majority of companies, pardon me, governments. Individuals, they haven’t used AI and, and what is interesting about this is back in the nineties, they were talking about how the internet had to evolve to be much more. You know, uh, have critical thinking in, in, in it. And it was more explained when you went to these conferences, as you know, you know, think about this. You’re hearing this in 99, okay? Not today. You go in and you ask Google or dog pile at the same time, or excite, okay? You would say, I wanna go to Florida in the third week of March and I wanna stay here and I wanna spend this amount of money and I wanna rent a car. Plan it for me. And they would come back and they would tell you that it would come back and it would, it would, everything would be there. And you would have your over here and all you would have to do is drop your money and you had your thing planned. So none of this is as, it’s aspirational, but we’ve heard it before. And in technology, what happens is it’s not like it’s new. We’ve been talking to, I did machine learning in in graduate school. Ai, you know, I did neural networks and I’m a terrible Ian. This isn’t, you know, Claude Shannon wrote about this in 1937, right? But it’s about when does it hit, and so it was chat GBT. Can we argue, was that right? As an investor, it’s stop arguing, start investing. Then what you’ve gotta figure out, which is the question you ask, is when does the music stop? I think it goes until the end of the decade. You know, one of the things that, uh, is interesting about this, uh, AI investment, uh, it’s, it’s unfolding in a higher interest rate environment. Why is that detail so important? Understanding its significance? Well, it’s the cost of capital, right? And so this phase that we have right now. It’s funny you say that, right? ’cause our reference point is zero interest rates, right? Yeah, yeah. Right. That’s right. So, you know, you know, so, so think about this, what it happens right now. Now we’re in the phase where you’ve got these hyperscalers that instead of taking all their free cash flow and buying bonds and buying back stock, are increasing CapEx because there’s a great tax deduction on it. So you get a lot of, so we’re in this phase where, for where, where a lot of the money is, you know, was. Was, let me, let me be clear, was a hundred free cashflow. Now we’re getting these guys, these companies like Oracle and what have you, you know, starting to issue debt and look at debt isn’t bad as long as the rate of return on debt is higher than the interest rates. And so, you know, you know, I, I would say historically speaking, for a lot of these high quality names, the interest rates are not, uh, at levels that will stop them from investing. Right. Right. You know, you’ve written that, um, productivity is ultimately the real story behind ai. So why does productivity matter more than the technology headlines themselves? Well, let me just put it this way, right? So we’ve grown, I grew up, I, I joined, I’m up here in Toronto, right? So I’m gonna give it to you in Canadian dollars, right? So I joined, I joined here. You know, I grew up here, went to the states, came back home. Growing this company I joined when we’re about three and a half billion. We’re getting close to 50 billion, and we’re the fastest growing independent platform in the country. I’m a one man band, right? I use three ai. In the old days, I’d have four research assistants. Where’s the margin in that? And so I, that’s how I see it. And let me be clear, it’s, you know, this isn’t we’re, it’s not perfect. But if I wanted to say, instead of you, but hey, write me a 2000 word essay on the counterfactual of what happened with railroads up until 1894 when the, when the bubble popped, give me a f, you know, a a thousand word essay and, and just a general overview. I can get that in less than five minutes. Michael Sailor is writing product on ai, which, which, which you would take, which you would take. He’s in his presentation, say it would take a hundred lawyers. So it’s gonna be more about those. And it’s, it’s no different than Internet of things or, you know, it was, uh, Kasparov that talked about this. Gary Kasparov talking about the melding of, of technology in humans. He would ran, run this chess tournament called freestyle. You could use a computer, you could use, you know, grand Masters. You could use whatever you wanted to compete. And who won? Well, who won it Was that those teams that were generalists that had a little bit of that, the knowledge of the computer and the knowledge of the test. Uh, o of chess, right? That’s what’s gonna happen. So this isn’t we’re, as far as I’m concerned, we’re not, yes, there’s going to be some d some jobs that are going to be replaced, but that is always the case in technology. I’m not a Luddite, okay? I am not Luddite. But the same point in time. I, I would suggest to you that it, it is just a really, for me, it’s a, helps me. Do research no different than when I was an undergrad and they went from cue cards in the, the library at the university to actually having a dummy terminal and I could ask questions in queue. You know, it stalked me from having to go to the basement of the library and going to microfiche. Right. Have helping that way. Now can it, can, will it do other things? I’m sure it is, and I’ll lead that to Elon Musk and the crew. You know, that’s above my pay grade. But for me, I see it as a very helpful way of, you know, allowing me to process and delineate. Much more information a a and not have me waste so much time trying to figure out what got went on in the past or, you know, QMF. Right. You know, summarize me the talk five, you know, academic papers in this area, what are they saying? And then they gimme the papers. Right. It just speeds the process up. Yeah. You know, um, one of the things that I’ve been sort of talking about and thinking about. Is that it’s hard to not see AI as a very, very strong deflationary force. Um, how do you think about that? Yeah. Technology is deflationary, right? Doubt about it. And so I look at it this way, Ray. Um, so I work at the financial services industry, okay. You know, Mr. Diamond of JP Morgan is talking about how they are starting to embrace blockchain and ai. They are going to cut out the back end of that in the, the margins in that, in that company by the end of the cycle are going to be fantastic. People just do not get in. You know, the financial services industry is built on a platform. Of the 1960s, dude. I mean, they’re still running Fortran, cobalt. So you know what I, how I look at this is much more as a margin type story, and there’s going to be a lot of displacement. But at the same point in time, I look at Tesla and automation and ai. And you know, people look at Tesla as a car company. I look at Tesla as an advanced manufacturing company. Elon Musk could basically go into any industry and disrupt it if it wanted to. Right. So that’s how I look at it. And so, you know, the hard part is going to be, you know. Nothing. If we get back to where we were, it’s not going to be perfect, right? Because here’s, here’s where the counter is, here’s where the counter is. Right? If you, if, if you think about, and we’re, I’m gonna take Trump outta the equation and ent outta the equation right now, but if we just went back to the way things were before COVID, we would have strong deflationary forces. Okay. Just with demographics, just with excessive levels of debt. Just with, you know, pushing on a string in terms of, in terms we couldn’t get the growth up, you know, and, you know, and the overregulation of financial institutions. Trump and descent are basically applying what’s called supply side economics, and they’re deregulating. It’s says law, which is John Batiste, that says basically supply creates his own demand and it’s non-inflationary. But really what they’re going to try to do is they’re going to try to run the economy hot and they’re gonna try to pull this way out of the debt. And if you do that and you deregulate the banks. And allow the banks to get back to where they were before the financial crisis. Okay. You know, and, and the Fed takes its interest rates down to neutral, expands the balance sheet. Then I don’t think we’re gonna go back to the zero bound in deflation. I think this thing’s gonna run hot for a long time. And I think it, the real question is, is, is is 2 75 in the United States the neutral rate? I think it is. Uh, but as, as, as Scott be says, and, and, and, and, and let’s be clear, buck, the guy’s a superstar. Okay. Guy is a legend. Just you sit there, just shut up and listen to him. Okay. They keep up, right? Well, so they’re gonna run it hot, but where we are is, in his words, mine, not mine. We’re still in this detox period, you know what I mean? We still got the Biden era. We still got, you know, a over a decade of excessive ca of Central Bank intermediation. That needs to get, you know, go away. So what I say, and what I’ve been writing about is 26 is going to be the year that the baton is passed back to the private sector. Let’s get rates down to 2 75. That’s, I mean, I’m going off the New York Fed model. That says real fed funds, the real, the real neutral rate is 75 to 78 basis points. I think inflation’s at two. That that gets you 2 75. Get the rates there and then get the balance sheet of the Fed to the level so that overnight lending isn’t loose or tight. It’s just normal. And then step back, go away and let Wall Street and the private sector create credit. Create economic growth and let’s get back to the business cycle. And if we do that, we’re gonna have non-inflationary growth. It’s gonna be strong, but we’re not going back to the zero bound and we’re gonna grow our way out of this. And so that’s where I get really excited about. This is a very unique time in history. A very, very, very unique time in history where, and I don’t know how long it’s going to last because of the compression that we have now because of the, you know, we live in such a digital world, but let’s say it’s five years demographic says it’s to 33, 32 to 33. That’s, you know, that’s how long this run is. And, and to me, uh, AI is a massive play. I, I, to me, blockchain is a massive play and to me it’s to those countries and companies that get it is, whereas investors, we wanna think, start thinking about investing. Yeah. You mentioned, um, non non-inflationary growth. Can you drill down on that a little bit just so people understand a little bit where. Usually you think of an economy running super hot, you, you think automatically there’s an, you know, an inflationary growth. So I want you to think in your mind into your list as think in your mind. Go back to economics 1 0 1 with the demand curve. In the supply curve, okay? And there are an equilibrium. And at that equilibrium we have a price at an equilibrium, and we have an output as an equilibrium. Okay? Now what I want you to do is I want you to keep the demand curves stagnant or, or, or anchored. Then I want you to shift the supply curve out. Prices go down, output goes out. We can talk all this esoteric stuff, you know, you know Ronald Reagan and, and Robert Mandel and supply side economics. But it’s really your shift in the supply curve out, and that’s what, and that’s what BeIN’s doing. I mean, this is a w would just sit down and be quiet. He’s talking about, you know, what is deregulation? He’s pushing the supply provider. Oh, hold on. My phone. My, my thing. And what did, since the two thousands, what did, what was the policy? It was kingian, it was all focused on the demand curve. Everything was focused on demand. And so all we’re doing is we’re, we’re getting the keynesians out. I use 2000 ’cause that’s when Ben Bernanke really came in and was very influential. Let me just say he’s a very smart, I learned so much from reading. Smart, smart, smart, smart guy. But his whole thing was Kasan. He came from MIT, his thesis supervisor was Stanley Fisher, right? We’re going back to, you know, Mario Dragons thesis supervisors, Stanley Fisher, all these guys came from MIT, Larry, M-I-T-M-I-T, Yale, and Princeton. Whereas previously it was the University of Chicago. It was Milton Friedman. It was, it was supply side economics. We’re going back, they’re going back to supply side economics and right now we need it. We need balance. But my god, what did we end off with? We ended off with four years of mono modern monetary theory. Deficits matter. That’s insanity. You had mentioned a little bit, uh, you, you’ve talked about blockchain a few times here. Talk about the significance. I mean, it’s sort of, you know, blockchain was a thing that everybody was, everybody was talking about it, you know, three, four years ago, but now it’s all about ai. But you know, now you’ve got, um, but in, but in the background, blockchain has grown, uh, adoption has grown. Uh, tell us what’s going on there, and if you could tie it into the significance of, of where we’re at today. Yeah. Um, uh, Jeff Bezos gave a wonderful speech, I think in two thou, early two thousands, where he basically talked about the fact that, you know, once this innovation is led out of the genie’s, led out of the bottle, whether or not, you know, buck and Jim, like it as an investment, the innovation continues. And so after the internet bubble pop, right? Really smart guys like Jeff Bezos, uh, Zuckerberg, you, you, the whole cast of characters, right? Basically built it out. Okay. And it wasn’t perfect and everybody knew it wasn’t perfect. I mean, that was the whole thing that was so bizarre. But they knew it wasn’t perfect and they knew that they needed to solve some problems. Right. And you know, it was a double spend problem. I mean, the internet that we were dealing with right now was developed in the 1950s and so on and so forth. And so, you know, that always stuck with me. Right. A couple of things stuck with me because I’ve lived through a couple of these cycles. The first one is Buck. When the, when Wall Street coalesces around something just shut up and buy it, right? I mean, I, I spent too much of my life arguing about whether dog pile and Ask Gees was better than Google. Wall Street said Google was the best. Shut up. Invest, right? And so, so look, blockchain solved the double spend problem. Blockchain solved all the problems that the original iteration of the internet could solve, and everybody knew it was coming along okay. So it’s a decentral, it’s decentralized, right? Uh, does, does not need to be reconciled. So no. Not only do you have another iteration of the internet. You have basically introduced into society the biggest innovation in accounting or recordkeeping since double entry. Bookkeeping accounting was introduced in Florence, Italy centuries ago by the Medicis and, and buck. All this is out there like, so this is a profound, right? So think about you’re in an accounting department and you don’t have to reconcile, right? So look. The first use cakes was Bitcoin. And what was the, what was the beautiful thing about it? Well, first off, it grew up by itself. And secondly, it’s got perfect scarcity, right? And so let’s just full stop. And I mean, yes, gold and silver had the run that they should have had decades. So I had been waiting and listening to people, gold bugs, talking about this type of run since the nineties. Okay. Um, but look, you know, and the problem with fi money, right? I mean, this is, this goes back decades. It’s an old argument. The way you solve it is, is Bitcoin. That’s the solution. I mean, forget about it. I mean, if they’re gonna whip it around and do all this stuff, fine. But the other thing that people miss and Sailor hasn’t, and Sailor is brilliant, is look. Bitcoin is pristine collateral in 2008, in September. What caused the, the system to stop was the counter. We could not identify counterparty risk for near cash. It was a settlement problem. Anybody you talk to Buck that says it was, you know, the subprime this and it, yeah, that was crap. I get that. But when the system shut down is you had a $750 million near cash instrument with X, Y, Z, wall Street firm, and you did this for three extra beeps and it was no longer cash. Guess. And guess what? Your institutional money market fund broke the buck. That’s when the system blew sky high. When the money market broke the buck and it was a settlement problem, blockchain and Bitcoin solved that. Sailor knows that, look where Wall Street’s gonna go. They understand now that. Bitcoin is pristine, collateral and capital that is 100% transparent. Let’s lend against it, and that’s what Sadler’s doing. That’s why Wall Street hates the guy so much, right? Think about that. Think of where is he going after he’s going after all the stranded capital on Wall Street. And, and the whole point is he’s sitting there going, I’m too busy for this. And you’ve got all these other people that are gonna live off of other people’s ignorance. Meanwhile, Jing Diamond knows exactly what he’s talking about. We can identify, if I hear one more person on me in, in the meeting say, I don’t know. You know, you know, uh, micro strategies balance sheet is so complicated. Really. Compared to JP Morgans, I mean, you know what his capital is. It says Bitcoin, like, what are you guys talking about? But hey, fucking in this business, people make generational wealth on ignorance of people who think they know what they don’t know. So, you know, just going back to Jamie Diamond, you know, he spent, I don’t know how long. Throwing every insult, uh, he could towards Bitcoin. And now they’ve really kind of, they haven’t backtracked. I think he’s, he’s, you know, his, his, um, I think the way he phrases is the blockchain’s a real thing. He never seems to really say the word Bitcoin, uh, in this regard. Um, banks in general, where do you think they’re headed with this stuff? I mean, I, you know, right now, again, you can kind of see even. Um, I think, you know, some of the big advisory firms suddenly recommending one to, you know, one to 4% of people’s portfolios in Bitcoin. I mean, this is all, I mean, gosh, I, I’ve, you know, been talking about Bitcoin since 2017. This is in unbelievable transformation in less than a decade. Where do you see this going in the next five to 10 years? It’s called the, it’s called, what is it? It’s called, I’m gonna call it the Evolution of Jim. Me, you know, in my business and, and, and, and you know, the thing I have book is I’ve survived and I’ve gone through a lot of cycles. I’ve done a lot, you know, and you ask yourself, you scratch your head a lot and you’re, and you, but you’re continually doing objective research and you’re this, if you, this is why I love this game so much. Right? So let’s just go stop for a second. Let’s get some context. Right. My first summer job, one of my first summer jobs, I worked in the basement of a bank in the in, in downtown Toronto, right up the street from the Toronto Stock Exchange. And my job was to let guys in with beak, briefcases into the cage, into the big vault, to basically bring in certificates. Okay. And, and what? Stock certificates. And so remember, you know, and I remember my grandfather when we, when he died, look at, we couldn’t sell the house because he didn’t believe in the banks. And we were finding certificates all over the house in the walls. Okay? Right. So in the 1960s it was bare based. The whole industry was bare based. And there was the volume in Wall Street started to pick up to the point where they couldn’t handle the volume. There was a paper crisis where almost a third of the companies went down bankrupt because of the cage. The cage. Okay. So basically what happened was, to make a long story short, they came out with, they came, Hey, why don’t we get two computers At one point in time, they said, okay, crisis. Let’s solve it. Well, why don’t we get these two computers and we can solve, or we can sell trades among, amongst each other. Okay. And then we don’t need to have guys riding around Wall Street with bicycles and big briefcases. Okay. And then what we did was, what we did was we sat there and said, well, why don’t we have a centralized clearing, and we’re gonna call it DTC or CDS, depending on what country you’re in. And what we’re gonna do is we’re gonna offer paper, we’re gonna, we’re gonna issue paper rights to the underlying stock that was developed in the early 1970s. That’s the system that we’re on right now. There are a lot of faults with that. Let me give you, when you’ve talked about the GameStop a MC situation, when you have a company that’s basically have more shares outstanding short, sorry, more shares short than outstanding, that shows you that the old system doesn’t work. It’s called ation. The paper writes to the underlying assets, it, it doesn’t match up. There have been guys that make a career outta this and write books about this, right? Dole Pineapple. They had a corporate, a corporate event, right? Hostile takeover. 64,000 for 64 million shares, voted, I think, and there was only 3,200 on. We all know this, so this has to be solved. The way you solve it is you tokenize assets, and this was talked about a decade ago, and they know about it and true tofor, they, and if you’re thinking about it, it’s totally logical, right? But if we allow this innovation to go full stream ahead, we’re wiped out, right? So what did they do? They delayed. They delayed. And as you know, you could talk about, it’s called Operation choke 0.2 0.0. Right. You know, the Fed overreached their bounds, they de banked people. I mean, this is why, why Best it’s going after them. They, yet they stepped over their constitutional mandate. Right. The federal, the Fed Act is not, uh, does not supersede the US Constitution. Elizabeth warned the whole thing. They did it. Okay, so let’s not complain about it. So now Atkins is gonna, we’re gonna have the Clarity Act come out and they’re gonna basically deregulate New York Stock Exchange already there. They’re gonna put everything on the blockchain and when you put everything on the blockchain, trade a settlement. There’s no hypo. Immediate settlement. Immediate, which is a benefit if you can get your act together because it, you know, for Wall Street firms you need less capital, right? So it’s a natural evolutionary process. And then you sit there and go back in history, if you and I were writing it, we’d sit there and go, well, should we be surprised that the incumbents right, the status quo pushed back on innovation? No, there was a guy, there was a prophet, um. At, at Harvard, his name was Clay Christensen, and he wrote this wonderful book called The Innovator’s Dilemma. You know, why does, why don’t companies evolve, or why do they go bankrupt? It’s because they cease to evolve and the status quo doesn’t allow the evolution of the companies to take place. Right? Well, that’s what happened in RA. We’re gonna complain about it. No, it, it is what it is. It’s water under the bridge. And so what I think is happening is, you know, Mr. Diamond is basically saying. He’s pragmatic, he’s a realist. And now he’s saying, we gotta evolve. And hey, by the way, now I’ve gotten to the point where I think I can make a tunnel. Think about that. Yeah. Think about his own stable coins, right? So his own stable coins. And, uh, well think about this. If you trade like internal meetings, right? And I’m hyped this hypothetical, right? I go, fuck, don’t screw this up this time. And you’re gonna go, Jim, what are you talking about? I go. We want a nice bread between bid and ask in these financial price. We don’t wanna go down to pennies. Okay? Can we go back to the old days when we were, you know, trading in quarters and sixteenths and so we can make some skin in the game? I think you’ve got the deregulation of the banking industry where the banks are gonna, they’re fit. It’s gonna be baby steps. But what’s gonna happen is they’re gonna basically say, stop taking all that capital that’s sitting at the Fed, making four or fed funds rate overnights wherever it’s four half, 3 75 right now. And you can now trade it. Go back to prop trading, which is what they did. And they’re gonna start off, they will start off with, its only treasuries. Eventually they’ll be able to expand throughout our lifetime. So the old way you gotta look at it is, you know. We’re bringing the ba, you know, we’re putting the band back together, man. Right. And the banks are gonna deregulate, they’re gonna deregulate the banks, they’re going to innovate, they’re gonna be able to use the capital, their earnings profile going out into the end of the decade. It’s, it’s gonna be monstrous, it’s gonna be, you know, it, it’s, it’s, and, and that’s how I get, you know, when people say, where do you think the s and p goes? You know, I say, you know, 14,000, you know, double from here by the end of the decade. And he goes, well, what about ai? I go, well, they’re gonna, that’s important, but it’s the banks. I think the banks are gonna have a renaissance. Yeah. Yeah. Um, one thing just to get your thoughts on, so when you look at the banks, you talked about sort of the inevitability of tokenization. Um, the stock exchange, uh, we talked about stable coins. I mean, another great way for banks to make money. Uh, essentially where does that, how, how does that help or hurt Bitcoin adoption? Because Bitcoin is a sort of a separate, separate, you’re not, you’re not building on Bitcoin as much as you are, say, Ethereum, Mar Solana or, you know, some of the, some of the blockchain things. So, so is it just that. Is it just a, an adoption issue? Because you live in a, in a different world. You live in a world of blockchain and Bitcoin is, its currency. It’s weird, right? Because I, I’m writing this feed like, so Buck, where are you right now? Where, where, where are you located? I’m in Santa Barbara. You’re in California. So, yeah, so I’m in Toronto, right? Uh, you know, I lived in, worked in the States for, you know, a decade, a couple of decades, and I’m back home and it’s like, man, they don’t get it. Right, and, and, and, and what am I talking about? Well, well, this, this is the, the thing that you’ve gotta understand is this, right. Ethereum was invented by Vladi Butrin in this town, Joe Alozo, who’s the head of one of the largest Ethereum groups. Father is a dentist at Bathurst and Spadina. We’re up here and people are saying, oh, you know, president Trump don’t talk about being a 51st state. We act like a colony, duke. We are a, you know, we forget about calling us one. We are. So, look, it, look, there is no doubt in my mind that Ethereum is going to have a place and, and we’re going to use it. Seems like we’re going to use Ethereum and that’s the smart contract, you know? Um. And that’s fine. Um, you know, but going back in time. But, but remember, there’s not per, there’s not perfect scarcity there. So I like Ethereum, don’t get me wrong, but I look at Bitcoin and I look at the, I look at the scarcity, and I also look at the fact of, you know, what sa, what Sailor, if you sailor did a presentation in the middle of next year and all hell broke loose. What he did, and it’s, you know, and of course I’m hypothesizing. He basically went to New York and said, I am going to create fixed income products and I am going to give yields. On those products, and I’m coming after the stranded capital that sits on Wall Street that you guys have been ripping on for years. In the middle of last year, staler went public and declared war. Okay. Are we surprised that Jim Shane Oaks came out and everybody came out basically guns a blazing. Are we surprised? But what he, what Sailor did and put and slammed on the table is it’s pristine capital, it’s transparent capital. And what are you willing to pay for that? And now you GARP banks trading at. We have no idea what their capital structure really is. Honestly, we have an idea, but it’s very opaque, right? You know, the high quality names are trading at two, two to, you know, two times tangible book. You’ve got fintech’s companies trading at four to five times, right book, and you know, what’s Sailor doing right now? Diluting his stock so he can buy as much Bitcoin as he wants because he sees the next game. He says the hell with what you guys think the next game is going to be. Wall Street’s going to realize that Bitcoin is pristine capital and there’s only 21 million of it. What do you and, and what just happened today? What did Morgan Stanley just file a treasury company. So everything you and I are talking about, they know they’re smart guys, right? They’re real, they’re not. That’s, this is the whole point. They’re really, really, really smart. Okay. They see they’ve gone through the history. They know. Okay, so you’re sitting there, you get around the room, you say, so wait a minute. Wait. Whoa, sailor’s over here. And he’s basically saying he’s gonna give you a a pref that’s basically backed by Bitcoin charging 10%. And he’s going after our corporate clients. I mean, and what’s the pitch Buck? You’ve got a hundred million dollars. Okay, you got a hundred million dollars in the kitty. Okay, buck. What happens is you need $10 million a year for working capital, which is in cash, which means you’ve got $90 million sitting there idle. Hey, buck, I can give you 10% on that. You go to Jamie, he’s giving you two. What are you gonna do? Yeah. I think one of the issues right now is I the, the perceived risk profile of that. Right. Uh, you know. I tend to agree with you about the, uh, pristine nature of Bitcoin s collateral, but just in general, the perception. I don’t know that, that that’s. That’s the case. Well, you gotta go back to the fact that, do you think Bitcoin’s going to zero or not? No, of course not. Yeah. ‘ cause the Bitcoin doesn’t go to zero. There’s no, then, then that are, there’s Bitcoin could go to zero. There’s no, I mean, I don’t think, I mean, non-zero probability, of course, right? I don’t think it is. And if that has been, if it has been selected and now you have Wall Street coalescing it, I haven’t even mentioned the president of the United States or his family. Right. Uh, or the Commerce Secretary and his family, right? Or if you go to New York, wall Street, right, they’re all talking about it, right? So, I, I, you know, to me, I, I, the question about micro strategy, to me it’s not. That it’s a treasury company and it’s got a pile of Bitcoin. What does he do with it? Does he become a bank? Like why does it, this is me. I’m pitching him. Right. Hey, Mike, why don’t you just become a FinTech, say you’re like a FinTech company and you’ll get, and you, you’re gonna instantaneously trade it five to six times book. Why don’t you, why are you, you’re talking like you’re attacking them, but you’re still, you’re still a software company with a, with a big whack of Bitcoin that you are writing pres. Right? So, and, and so that’s, that’s how I look at it. I think the wave is too big. We are going to digitize. And the other thing that we didn’t really touch on with respect to AI and blockchain, and I’m gonna paraphrase the president. Right. Um, Mr. Trump is, look, um, it’s a matter of national security, duke, and when I hear that, I go back to the nineties in the eighties when I was in late eighties when I was an undergrad. Right. And it wasn’t China, it was Japan. And, and you know, what happened was, you know, it, it’s funny, Al Gore did deregulate so that. The internet could become for-profit. We all stood around and said, you know what the hell could, how do we make money on this? That’s, you know, what do we do? And then what did we do? We, we, we threw a ton of money at it and the United States controlled it. And what did we get out of it? We got out, we got, you know, all those companies. Right. The last thing I would say to you, and this is much more of a personal story, is I, when I was younger, I was in New York and it was 2000 and I was at the Grand Hyatt, and it was a tech, it was a tech conference and, uh, Larry Ellison Oracle was there and he gave a, he gave a, he gave a a, a fireside chat. Then, um, we go to a breakout room and, you know, in a break, I don’t know about if you’ve been to one, but you go to a breakout room, it’s a smaller room at the hotel, and you know, sometimes you got 25 people, sometimes you got 50 people, right. And, you know, I went to the, I went to the breakout with Mr. Allison ’cause of Oracle and I went in there and it was absolutely jammed and I was sweating and he just looked at us and he just ripped us. He AP Soly, just, I still have the scars today. I’m talking to you about it. Okay. He called it a bubble. He called it a bubble. He, he was early in calling it a bubble. I never forgot that. And then you sit there and see what he’s doing right now. Where he’s levering up the balance sheet. Now, to me, having survived in this game for such a long period of time, and I call it a game, it’s a game of strategy, whatever, you know, how does that not, you know, I would say to you, we were, your office was next to mine. Fuck. I remember New York, he’s loading the goose loaded in. He go in, he’s borrowing money from his grandmother. He’s, you know, what is going on. And he’s really stinking smart. You know, he’s, he, Larry Allenson just doesn’t do, and people, oh, he’s in, you know, he’s, no, he’s not, he’s, he’s like the mentor of all of these guys. You know what I mean? So there’s a, to me, there’s a discontinuity that these need to believe that we’re still early on because you know, what, if Larry’s, what do we take when Larry or Mr. Ellison is leveraging up to me, it’s profound because I’m anchoring off of my bias to the New York, the New York high at, at the Tech Co. I think it was, I think it was at Bear Stearn. I couldn’t remember Bear Stearns or Lehman. But you know, one of those I carry that experience on with the rest of my life. I do. It’s like, what is Larry thinking? Right? So he’s leveraging up buck. That’s all I know. He’s a priest or guy. Well, that’s probably a good place for us to stop, Jim, uh, chief, uh, market strategist at Wellington Elta Private Wealth. Thank you so much for joining me. Thanks so much and be safe. You make a lot of money but are still worried about retirement. Maybe you didn’t start earning until your thirties. Now you’re trying to catch up. Meanwhile, you’ve got a mortgage, a private school to pay for, and you feel like you’re getting further and further behind. Now, good news, if you need to catch up on retirement, check out a program put out by some of the oldest and most prestigious life insurance companies in the world. It’s called Wealth Accelerator, and it can help you amplify your returns quickly, protect your money from creditors, and provide financial protection to your family if something happens. The concepts here are used by some of the wealthiest families in the world, and there’s no reason why they can’t be used by you. Check it out for yourself by going to wealth formula banking.com. Welcome back to the show everyone. Hope you enjoyed it. Uh, and, uh, as I said before, do not ignore ai. This is something that you need to start using. Have your kids start using it. Uh, make sure that they, you know. They use it every day because this whole world is turning AI and it’s gonna happen. You know, it’s gonna happen in, in a blink of an, uh, blink of an eye. And the world is gonna change and there are gonna be real winners out there. And the winners are gonna be people who knew where there was, was going and kind of used it in their mind’s eye as they looked on navigating how. You know how to allocate their money. Anyway, that is it for me. This week on Wealth Formula Podcast. This is Buck JJoffrey signing off. If you wanna learn more, you can now get free access to our in-depth personal finance course featuring industry leaders like Tom Wheel Wright and Ken McElroy. Visit wealth formula roadmap.com.

Join this channel to get access to perks such as Weekly Zoom Calls & Private Discord!! https://www.youtube.com/channel/UC4BqTVQA1pCwe9QaEPwD3MQ/join Free 30 Day Trial to Go2Lister https://www.go2lister.com/mike I help teach people how to make money selling books on Amazon, leveraging the platform's vast reach and the profitability of reselling used books. How to sell books on Amazon? Selling books on Amazon can be an excellent side hustle or a full-time endeavor, particularly if you enjoy thrifting through places like Goodwill for hidden treasures. How to start selling on Amazon is accessible, and with my guidance on how to sell books, DVDs, CDs, and other media, beginners can quickly learn the ropes. Utilizing Amazon FBA streamlines operations, allowing sellers to focus more on sourcing and less on logistics. As a reselling coach, I provide tutorials and guidance on navigating challenges like ungating and optimizing listings for maximum visibility and sales. Whether you're looking for a part-time side hustle or aiming to become a full-time reseller, I will teach you the ins and outs of thrifting books and selling books online and can pave the way to creating passive income streams and achieving business growth.

CUJO is a podcast about culture in the age of platforms. Episodes drop every other week, but if you want the full experience, we recommend signing up for a paid subscription.Paid subscribers also get access to our CUJOPLEX Discord and The Weather Report, a monthly episode series where we take stock of where the cultural winds are blowing and tell you what's rained into our brains. As special treat, you can now listen to our 2025 retrospective with Ruby Justice Thelot for free.Hey pals. Welcome to our first annual cultural predictions episode. To kick off 2026, we asked some of our favorite culture critics, media theorists, filmmakers, technologists, journalists, fashion bloggers and more to send us a voice note with their best guess about where the zeitgeist will take us this year. To our surprise and delight, 34 people got back to us with their predictions. Plus, Andrea predicts the return of club culture (think: film clubs and salons, not dance parties) in response to attention economy fatigue, and Emilie goes long on “elite midcult” in music and movies as a culture-industry counter-reaction to poptimism.Topics range from writer and podcaster Steven Phillips-Horst talking the end of bright white lighting and a return to warmer, yellower hues, to New York Mag tech columnist John Herrman talking about how prediction markets are coming for politics and political media, to New Models co-host Carly Busta talking about the rise of a neo-oral culture. You'll find the full list of contributors (with time stamps) below. Sound design and music by Andrea.Arts & culture (10:30)Drew Millard on the return of the buzzbandSam Valenti on no longer complaining that nobody is making good music and listening to music instead Biz Sherbert on the rise of the beautiful white boy rapperTony Lashley on the West London rapper SlewMano Sundaresan on the inevitability of somebody releasing an AI-generated or assisted song that gets critical acclaimPhilip Sherburne on the coming mass streaming exodusW. David Marx on a return to organic and analog aestheticsJaime Brooks on the rise of “techno nihilism” as an aesthetic movementRuby Justice Thelot on Timothée Chalamet winning an Oscar — and ushering in the era of “theater kid energy”Javier Cabral on how 2026 will be the year of heirloom corn tortillas — in all the colors of the rainbowTechnology (21:20)Taylor Lorenz on the coming mass cultural revolt against technologyLil Internet on how the escalating theological conflict between luddites and AI true believers could spin out into something resembling the 30 Years WarYuri Rybak on the vertical integration of everything and prediction market traders becoming religious oraclesRachel Meade Smith on how 2026 will be the year where writers find out if the robots are really coming for their jobsJacob Hurwitz-Goodman on a shift in AI discourse toward military and surveillance applicationsMike Pepi on a renewed societal yearning for trad media institutionsTrevor McFedries on how AI advances may actually lead to more opportunities for people with good tasteCarly Busta on the rise of a neo-oral cultureMedia (33:15)Ock Sportello on the death of Twitter as a cultural forceAnthony Di Mieri on the end of the era of shortform vertical videoMatt Pearce on a shift from individualism to collectivism among independent content creatorsHarry Krinsky on 2026 as the year of the (antimemetic) stuntBen Dietz on the return of low-cost ephemera (zines, stickers, promo CDs) in marketingT.M. Brown on journalists fleeing SubstackJoshua Rivera on the rise of hyper-niche media and courting “security through obscurity”John Herrman on how prediction marks will transform political media—and eventually politicsSociety (49:27)Steven Phillips-Horst on the end of bright white lightingCarolina Miranda on “the trollification of governance”Devon Hansen on a coming vogue for esoteric spirituality, the paranormal, and the occultKieran Press-Reynolds on the inevitable confrontation between Nick Fuentes and Donald TrumpKevin Munger on the Left finally grappling with the political consequences of declining birth ratesDouglas Rushkoff on how things are going to get weird — in a good wayGideon Jacobs on how 2026 will be our rock-bottom moment as a speciesLuke O'Neil on one single good day This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit theculturejournalist.substack.com/subscribe

This week in the Breakroom, Paul Gadiock, Partner at McDermott Will and Schulte, joins Erin Fuller to discuss the recent FDA guidance on clinical decision support (CDS) software and general wellness products, and the tone this sets for the future of digital health product regulation.

Chris Edmonds, President of Fixed Income and Data Services at ICE, joins Kevin McPartland of Coalition Greenwich to explore the future of market structure and data innovation. From prediction markets and sentiment analytics to the evolving role of ETFs in fixed income, Edmonds shares how technology and transparency are reshaping trading. He dives into ICE's advances in mortgage data, climate risk integration, and the modernization of CDS clearing. Plus, a look ahead at regulatory-driven changes in Treasury and repo markets and what they mean for liquidity and efficiency.

Larry Burkett once observed, “The one principle that surrounds everything else is that of stewardship—that we are the managers of everything God has given us.” That's a profound truth: God owns everything, and we've been entrusted to manage His resources for His purposes. But what does faithful stewardship actually look like? Today, I want to highlight seven marks of a good steward.When Christians hear the word “stewardship,” we often think first of money—or maybe tithing. While generous financial giving is certainly part of stewardship, Scripture shows that it encompasses much more. God has entrusted us with the gospel, with gifts and abilities, with relationships and time, and ultimately with the love He demonstrated through Christ. Stewardship, then, isn't merely financial; it's holistic and deeply spiritual.First, good stewards acknowledge God's ownership. Everything belongs to Him, and we hold resources only temporarily to serve His purposes. Deuteronomy 8:18 reminds us that even the ability to earn wealth is a gift from God, and 1 Peter 4:10 calls us to use whatever we've received “to serve one another as good stewards of God's varied grace.”Second, good stewards understand the mission. God has given each of us a role in His redemptive plan. We're called to take that calling seriously, but with humility. Proverbs 16:3 encourages, “Commit your work to the Lord, and your plans will be established.”Third, good stewards are faithful. They follow God's financial principles—earning, saving, investing, spending wisely, and especially giving generously. Jesus teaches in Luke 16:10–11 that faithfulness with little prepares us for faithfulness with much, and that how we handle worldly wealth is spiritually significant.Fourth, good stewards are trustworthy. They act with honesty and integrity. Proverbs 12:22 tells us, “Lying lips are an abomination to the Lord, but those who act faithfully are His delight.” Paul likewise teaches that “it is required of stewards that they be found faithful” (1 Cor. 4:2).Fifth, good stewards are diligent. In the parable of the talents (Matthew 25:14–30), Jesus rebukes passive stewardship. Diligence honors God and reflects Colossians 3:23–24, which calls us to work “heartily, as for the Lord.”Sixth, good stewards pray for wisdom. James 1:5 assures us that God gives wisdom generously to those who ask. Prayer not only guides decisions—it guards our hearts from anxiety (Philippians 4:6).Seventh, good stewards act when led by the Spirit. Peter urges believers to prepare for action and set their hope fully on Christ (1 Peter 1:13).These marks set a high bar, and we won't fulfill them perfectly. But stewardship isn't about striving—it's about faithfulness through dependence on God. As we yield to the Holy Spirit, He empowers us to manage the King's resources for the King's glory.On Today's Program, Rob Answers Listener Questions:I've been retired for about a year. I receive Social Security and a pension, and I'd like to update my tax withholding for next year. Do I have to pay taxes on my Social Security and pension income?I'm trying to decide whether to use a debt management program for my four credit cards—I owe about $6,500—or just keep making payments on my own. Which option is better for my long-term financial future?I'm a retired federal agent, and I recently inherited a house that I plan to sell for around $160,000. My wife and I want to use the money to pay off credit cards and a home equity line of credit rather than our mortgage. The equity line is coming due soon. Is that a wise plan?I've been hearing about no-penalty CDs. Can you explain how they compare to high-yield savings accounts for storing money?Resources Mentioned:Faithful Steward: FaithFi's Quarterly Magazine (Become a FaithFi Partner)NerdWallet | BankrateSound Mind InvestingChristian Credit CounselorsWisdom Over Wealth: 12 Lessons from Ecclesiastes on MoneyLook At The Sparrows: A 21-Day Devotional on Financial Fear and AnxietyRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA)FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God's resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

This week on Toilet Radio: we're talking about DIPSHITS and MORONS like Phil Labonte. But I swear to god we don't spend too much time on it. Things are bad enough as is, we don't gotta focus on ‘em. We ALSO talk about Vinnie Vincent making a big bet on himself by selling CDs with a single song for $300. God, I would love to have his confidence. In OLD GUY HARDCORE news: NJ Bloodline is BEEFING with Joe Hardcore over making boots of their old shirts. Why? That's what hardcore is all about! Geezer Butler is using AI to try to make new music and that's fuckin' pathetic. The former vocalist of Dragonforce put together a modern “reimagined” version of Through the Fire and Flames and it sucks. Finally, we put the Dogma drama to rest with a definitive statement on who is behind the vast exploitation machine. Folks… it's a good one. Music featured on this ‘sode: Vudu Sister – The Valley (feat Silver Rein) This program is available on Spotify. It is also available on iTunes or whatever they call it now, where you can rate, review, and subscribe. Give us money on Patreon to get exclusive bonus episodes and other cool shit.

This week's theme: Charisma In this From Fear to Fire interview, Heather Hansen O'Neill speaks with Eleni Kelakos about charisma as an innate quality rooted in authenticity and presence, not performance. Eleni describes charismatic presence as a dynamic life force that draws people in when we are fully present, grounded, and real. Through her experiences as an actress and speaker, she explains how fear and self-doubt can dim this natural spark, and how reconnecting to the moment allows charisma to re-emerge naturally. The conversation also reframes fear as a powerful teacher rather than a limitation. Eleni shares practical tools for accessing charisma, including grounding the body, regulating breath, setting intention, and shifting limiting beliefs. She emphasizes that people feel our energy before they hear our words, and that true influence comes from emotional alignment and connection. Ultimately, the interview highlights that charisma is strengthened through practice, self-awareness, and the courage to show up fully, even in life's most challenging moments. From Fear to Fire: Secrets to Overcome Fear, Embrace Your Gifts and Achieve Success This is the place where real people share real challenges. Where you can find a common bond and uncommon wisdom through their stories. Use tips from the breakthroughs of others to jump-start your success. Speaker, author, adventurer, and host Heather Hansen O'Neill takes you on the journey from fear to fire.  Today, we explore how charisma is an innate, learnable presence that grows when we meet fear with authenticity, self-awareness, and intentional connection. Eleni Kelakos Eleni Kelakos CSP®, The Speaker Whisperer®, uses performance techniques to help executives worldwide be more relatable and magnetic as speakers and leaders. When she’s not coaching individuals or facilitating training at companies like GM or Allstate, Eleni practices what she preaches, empowering audiences with her signature keynote presentations. A graduate in both Theater Arts and Semiotics from Brown University, Eleni is a past president of the National Speakers Association of Michigan. She has recorded four critically acclaimed CDs of original songs, and released three award-winning, bestselling books: Touch The Sky, Claim The Stage, and Charismatic Presence. Connect with Eleni: Website: The Eleni Group LinkedIn: Eleni Kelakos, CSP Facebook: Eleni Kelakos Instagram: @eleni.kelakos Visit the home page of my website and sign up for my 5 Ways To Minimize Stage Fright, Amp Up Your Presence, And Wow Any Audience free ebook. Quote of the Day: “Charisma is a sparkle in people that money can't buy. It's an invisible energy with visible effects.” ~Marianne Williamson Finding Humanity: The Evolution of Sales is out now. Check it out here! The post Charisma with Eleni Kelakos appeared first on Heather Hansen Oneill.

Carole Montgomery and Ophira Eisenberg zoom out from early parenting to talk about what happens after the kid grows up, moves out, and then… moves back in. Carole describes her son's room as a frozen time capsule—albums, toys, and CDs untouched—while explaining how his first attempt at college lasted six months before the classic millennial boomerang returned him home, a pattern she sums up as “they leave, they come back; I moved—he found me.” She reflects on the anxiety that followed him into adulthood, her belief that anxiety is practically the baseline setting now, and the emotional whiplash of touring for weeks before constant phone contact existed, including the moment her six-year-old calmly told her she was “solid” and could go back on the road. The conversation weaves through parenting philosophies shaped by Vegas cul-de-sacs and open-door houses, her resistance to overscheduled childhoods, the reality that almost no kids actually go pro despite intense sports pressure, and the great trophy purge that left only signed baseballs and, somehow, her husband's awards. Carole also digs into the creation of Funny Women of a Certain Age, venting about theaters that expect comics to sell tickets, sweep floors, and manage social media while still questioning whether women-led comedy events can sell, all before landing on the oddly satisfying moment she told a woman in her mid-30s she was simply too young for the show.

When we first announced this episode several weeks back, we received several queries from listeners all around the globe who phrased their questions similarly: "Realm? The Milwaukee Realm?": Oh yeah, freaks, the one and only. Near and dear to our hearts, as with other Wisconsin RR favorites Die Kreuzen and Last Crack, this one-hour and 14-minute episode explores, expounds and exhorts the mighty Realm…the Milwaukee one! Note I: NO JOKE: if you can identify another Wisconsin band referenced in the description above, and explain the reference, RR will send you a Norweird prize package of CDs by Arcturus, Fleurety, Solefald, and Virus. Contact us if you decipher the code… Note II: We forgot to mention “Dick”! We had a blast recording this episode and listening back to the great Realm. And we turned over a lot of stones, but left this one unturned: “Dick”! It's a song on Suiciety, and it's easily the worst idea on either of the Realm albums. In fact, it's the only truly lamentable moment. And really, it's only the horrid chorus the ruins things. It's an M.O.D.-wanna-be, and…well, it should be self-explanatory why it's lame. Otherwise: HAIL REALM. Note III: Finally, after years of toil, Jeff's Voivod book is finally available. You can purchase a copy of the 540-page, 3-pound behemoth…ONLY available in the US HERE: radicalresearch.org/voivod European distribution is here, please visit: https://rekviem.no/en-us/products/always-moving-the-strange-multiverse-of-voivod-book-preorder Note IV: The Radical Research Patreon page is now set up and ready for your patronage. We are offering tiered subscription levels for those who want a set-it-and-forget-it donation option. As ever, if you choose to support us, we are humbled and grateful! patreon.com/RadicalResearchPodcast Music cited in order of appearance: “Second Coming” (Perceptive Incentive demo, 1985) “The Temple” (Final Solution demo, 1987) “Endless War” (Endless War, 1988) “Slay the Oppressor” (Endless War, 1988) “Root of Evil” (Endless War, 1988) “Eleanor Rigby” (Endless War, 1988) “All Heads Will Turn to the Hunt” (Endless War, 1988) “Cain Rose Up (Scream Bloody Murder)” (Suiciety, 1990) “Fragile Earth” (Suiciety, 1990) “Energetic Discontent” (Suiciety, 1990) “The Brainchild” (Suiciety, 1990) “La Flamme's Theory” (Suiciety, 1990) “One More Red Nightmare” (demo, 1992) Radical Research is a conversation about the inner- and outer-reaches of rock and metal music. This podcast is conceived and conducted by Jeff Wagner and Hunter Ginn. Though we consume music in a variety of ways, we give particular privilege to the immersive, full-album listening experience. Likewise, we believe that tangible music formats help provide the richest, most rewarding immersions and that music, artwork, and song titles cooperate to produce a singular effect on the listener. Great music is worth more than we ever pay for it.

Markets appear strong as we head into 2026, but beneath the surface, risks may be rising faster than returns. Each January, CEO and CIO of Crossmark Global Investments Bob Doll joins us on the show at Faith and Finance to offer an annual outlook, and this year he characterizes the environment as a “high-risk bull market”—a market capable of gains but vulnerable to setbacks and volatility.Looking back to 2025, Doll believes his predictions were roughly “seven out of ten.” Corporate earnings proved far more resilient than many expected, and with the Federal Reserve avoiding aggressive tightening, markets continued to climb. Earnings, Doll notes, remain the lifeblood of stocks: as long as profits grow and the Fed is not hostile, equity markets tend to trend upward.For 2026, Doll's first prediction is that U.S. real GDP growth will improve modestly—from about 2% to roughly 2.5%. He attributes much of that to a large government spending package passed in an election year, providing stimulus to both households and businesses.However, inflation remains stubborn. Doll does not expect the Fed to reach its 2% target unless a recession occurs—something he does not foresee. Instead, he anticipates inflation closer to 3%, making “affordability” a defining political issue, especially around healthcare and housing, where structural challenges remain unresolved.On interest rates, Doll expects the 10-year Treasury yield to fluctuate in a narrow range—from the high 3% area to the mid-4% area—while credit spreads widen modestly. For bond portfolios, he favors short- to intermediate-maturity bonds over long-duration bonds.Corporate earnings should remain strong in 2026, though not at the exceptional pace of 2025. With consensus forecasts near 14% earnings growth—almost double the historical norm—Doll expects solid but not spectacular performance. As a result, he anticipates single-digit stock market returns, not another year of outsized double-digit gains.Sector-wise, Doll sees continued strength in financials, technology, and communication services—areas tied closely to artificial intelligence—while materials, discretionary, and utilities may lag. International stocks could also surprise investors. If they outperform U.S. equities for a second consecutive year, it would be the first such streak in two decades. Stronger liquidity, improved earnings abroad (especially in emerging markets), and potential dollar weakness all contribute—even though many Americans invest little overseas.Artificial intelligence remains a powerful driver of productivity and market speculation, though Doll expects volatility as investors sort out the true winners and losers.Faith-based investing, he believes, will continue its momentum as more individuals, advisors, and institutions seek alignment between values and capital. Politically, Doll predicts Republicans retain the Senate but lose the House, constraining major legislative ambitions.If 2026 proves to be a high-risk bull market, Doll's takeaway is straightforward: remain diversified, stay invested, and practice patient stewardship through uncertainty.On Today's Program, Rob Answers Listener Questions:My husband and I are at retirement age, and we have four retirement accounts: three from former employers and one Vanguard IRA. Altogether, there's about $200,000. Should we consider consolidating these accounts? And if so, is it best to consolidate them into the Vanguard IRA?My husband and I are both 70. He's retired, and a cancer survivor, and I'm still working and may work another five years. Our home and vehicles are paid off, and we have about $350,000 saved—roughly half in CDs and the rest in cash. I don't really know anything about stocks or bonds. Should we take any risk with our money at this stage, or leave it where it is?Resources Mentioned:Faithful Steward: FaithFi's Quarterly Magazine (Become a FaithFi Partner)Crossmark Global InvestmentsThe Sound Mind Investing Handbook: A Step-by-Step Guide to Managing Your Money From a Biblical Perspective by Austin Pryor with Mark BillerWisdom Over Wealth: 12 Lessons from Ecclesiastes on MoneyLook At The Sparrows: A 21-Day Devotional on Financial Fear and AnxietyRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA)FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God's resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

We're making mix CDs ‘cause it's Season 4 Episode 11, “The Tao of Dawson.” Listen to the Creek Freaks gab about Dawson's redemption arc, college parties, Nick's hair, and more! Non-Dawson Recommendations:Stella - @expedition.olaCody - Marty SupremeJoin our Patreon! Wanna make a one-time donation? Buy us a coffee! Wanna give your money to something more important than our silly show? Donate to these folks and let us know:ACLUDoctors Without BordersHuman Rights CampaignNAACPNPRPlanned ParenthoodRed CrossWorld Food ProgrammeYou can find us on instagram @freaksandcreekspod. Have some Capeside Correspondence for us? Hit us up at show@freaksandcreeks.com!Freaks & Creeks: A Dawson's Creek Podcast is produced by Stella Baldwin and Cody Dean. Cover art by Mallory Freed. Mixed and edited by Cody Dean. Original theme music written and recorded by Cody Dean and James Ramey. ★ Support this podcast on Patreon ★

This episode is your introduction to the world of conservative investing, so it's perfect for you if you're looking to preserve your principal and grow your money at a steady pace. I'm walking you through seven standout investment choices for 2026, ranging from high-yield online money market accounts to short-term bond funds, CDs, and Treasury bonds. We'll discuss how to shop around for the best rates, the importance of keeping up with inflation in retirement, and the benefits and limitations of each strategy. There's something here for anyone who wants their money to work a little harder without taking on unnecessary risk.  You will want to hear this episode if you are interested in... 00:00 Retirement Income to beat inflation. 03:27 Using online banks and credit unions for high-yield savings. 04:53 Automatic and manual selection of money market funds. 08:23 How yield and volatility differ from money market funds with short-term bond funds. 11:24 Brokered CDs vs. traditional CDs. 13:39 U.S. Treasuries as highly secure investment using treasury bonds. 15:11 Using a fixed annuity to invest your money. 17:06 How U.S. Treasury Inflation Bonds (I Bonds) work. Seven Smart Conservative Investment Options for Growing and Preserving Your Wealth Retirement planning and conservative investing go hand in hand, particularly for those looking to preserve their hard-earned principal and ensure steady, reliable growth..  1. High-Yield Online Money Market Accounts Keeping cash in traditional savings accounts often means missing out on higher returns so it's a great start to explore online banks that offer high-yield savings and money market accounts. Although these accounts lack physical branches and operate electronically, the tradeoff is often higher interest rates.  2. Brokerage Money Market Funds Money market funds present another secure route to saving for retirement. With Vanguard and Fidelity, your idle cash is generally swept automatically into high-yield funds, whereas Schwab offers more choices, but you may need to manually select a higher-yielding money market fund. Current yields are around 3.6% to 3.7%, but rates fluctuate weekly with market conditions. Importantly, these investments are designed to keep the value per share at $1, minimizing risk to your principal. 3. Short-Term Bond Funds If you're comfortable with a bit more fluctuation, short-term bond funds can offer higher yields than money market funds. While prices may move slightly, the key is to assess yield versus volatility and select a fund aligned with your risk tolerance. Total bond market or aggregate bond funds, such as the State Street Aggregate Bond ETF (SPAB), can yield more (sometimes above 4%), but carry higher risk and potential for loss, as evidenced by losses in years of rapidly rising interest rates. 4. Short-Term Certificates of Deposit (CDs) CDs are an old-fashioned but reliable solution. By locking in your money for a set period (often one to three years), you benefit from higher fixed rates, currently 4% for one-year CDs and slightly lower for longer terms. Watch out, though, if interest rates fall, having a longer-term CD can be advantageous, but shopping around means opening multiple accounts, which can become hard to track.  5. U.S. Treasury Bonds Tied to government backing, short-term U.S. Treasury bonds are among the safest choices. They typically yield around 3.5% to 3.6% for terms of one to three years. Besides security, their interest is exempt from state income tax, which can be a perk for residents of high-tax states.  6. Fixed Annuities For those who want higher yields and are willing to sacrifice some liquidity, fixed annuities offer insurance-backed, multi-year fixed interest rates, sometimes higher than CDs or Treasuries. Current rates above 4% for investments starting at $100,000, though smaller minimums (such as $5,000 at Fidelity) provide slightly lower yields. The main drawback is reduced access to your principal. 7. U.S. Treasury Inflation Bonds Inflation Bonds combine a fixed interest rate with added payments tied to inflation. Currently, they yield over 4%, but are capped at $10,000 per person annually. You must hold them for at least five years to avoid penalties, and taxes on the interest can be deferred. If inflation surges, these are especially attractive. Take Action to Grow  Whether you're approaching retirement or simply cautious, these seven strategies equip you to earn more on your savings while keeping risk in check. Consider putting excess bank cash to work in one or more of these vehicles for better long-term outcomes. Remember, conservative investing isn't about standing still, it's about moving forward deliberately and securely. Resources Mentioned Retirement Readiness Review Subscribe to the Retire with Ryan YouTube Channel Download my entire book for FREE  Fidelity Charles Schwab Vanguard Bankrate.com Nerdwallet Schwab Value Advantage Money Market VMFXX JP Morgan Ultra Short Term Income ETF State Street SPDR Aggregate Bond ETF TreasuryDirect Connect With Morrissey Wealth Management  www.MorrisseyWealthManagement.com/contact   Subscribe to Retire With Ryan

Keith explores two big themes shaping real estate investors' futures: Why more Americans are becoming "forever renters"—and how long-term lifestyle and demographic shifts (not just today's prices and rates) are quietly reshaping the demand for rentals. The growing conversation around eliminating property taxes—which states are making the most noise, and why the real issue isn't whether property taxes go away, but what would realistically replace them. Keith also zooms out for a quick year-end tour of major asset classes—from stocks and real estate to metals and crypto—so listeners can see where real estate fits in the broader investing landscape and what these shifts might mean for their wealth-building strategy. Episode Page: GetRichEducation.com/588 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  For predictable 10-12% quarterly returns, visit FreedomFamilyInvestments.com/GRE or text  1-937-795-8989 to speak with a freedom coach Will you please leave a review for the show? I'd be grateful. Search "how to leave an Apple Podcasts review"  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— GREletter.com or text 'GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Keith Weinhold  0:01   Welcome to GRE. I'm your host. Keith Weinhold, the Forever renter trend keeps getting embedded deeper into American culture. What's behind it? It's more than just finances. Then there's been more talk about eliminating property taxes, if they go away, what replaces them? And we'll discuss more today on get rich education.   Keith Weinhold  0:27   Since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being a flipper or landlord. Show Host Keith Weinhold writes for both Forbes and Rich Dad advisors, and delivers a new show every week since 2014 there's been millions of listener downloads of 188 world nations. He has a list show guests include top selling personal finance author Robert Kiyosaki. Get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with the get rich education podcast. Sign up now for the get rich education podcast, or visit get rich education.com   Corey Coates  1:12   You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Keith Weinhold  1:28   Welcome to GRE from Jamestown, New York to Jamestown, North Dakota and across 108 nations worldwide. I'm Keith Weinhold, and this is get rich education. Most investments reduce your income until you can start drawing on it and paying taxes on it in your 60s. That's a lot of decades of living below your means. Here learn how to grow your means and invest in vehicles that pay you when you're young enough to enjoy it and pay you five ways tax advantaged. Hey, there's a big misunderstanding about the housing market taking place right now. Yes, today's higher cost of home ownership contributes to Americans renting longer, for sure, but let's not make the mistake of thinking this is a new phenomenon just because home prices moved higher or mortgage rates began normalizing again a few years ago, that's not what it's about Americans renting longer. That is a trend decades in the making, and it has had and will continue to have major implications on the rental housing market decades into the future, buying your first home at 25 that was your grandparents or maybe your parents. Today, it kind of goes like this in life's journey for the wannabe homeowner, First comes the gray hair, then comes the mortgage. Last year, we learned that the average first time homebuyer age in America has moved up to 40. Back in 1981 it was age 29 per the NAR. More specifically one's real estate journey, it basically now goes like this, rent, rent, rent, have roommates again, go back to renting, chiropractor, Bank of mom and dad, then a mortgage maybe.   Keith Weinhold  3:34   Yeah, the home ownership rate, it keeps falling among every age group, most sharply among 30 somethings. The translation here is that more renters are coming. For those in their 30s, the home ownership rate maxed out at 69% in 1980 it's fallen to just 47% today. Those that are older, for those in their 40s, the homeownership rate maxed out at 78% in 1982 it has fallen to just 62% today and so on. Every 10 year age group all the way to those age 80 plus, the homeownership rate has fallen for all of them over the decades too, every single age cohort. The home ownership rate has fallen over the decades, and that is all per the Census Bureau. I'll tell you why this forever renter trend just keeps strengthening in a moment. But if you don't own your home, here are your current housing options. You can live with your parents. Yes, welcome back childhood bedroom with those glow in the dark stars on the ceiling. Sadly, you can be homeless. That is really not good. Or the other option is you can rent something nice, new, modern, and energy eficient. The group in which home ownership has fallen the most are those 30 somethings. 20 somethings aren't even part of what the Census Bureau reported here. It fell most sharply in the 1980s and then again, after the great recession. And here's what I know you might be thinking because we have some of the smartest listeners around. I bet that during times that buying was cheaper than renting, the trend reversed. That's what you might be thinking. No, it didn't. Regardless of what is cheaper, over time, the home ownership rate just keeps falling despite those periods, whatever is cheaper renting or owning now the overall home ownership rate that's fallen just since 2023 from 66% down to 65% that might not sound like much, but a Full 1% drop there means 1.3 million new renters already, just since 2023 and now you might be thinking, well, this is like totally because home prices and mortgage rates have been higher since that time. They've been higher since 2023 you are, in fact, somewhat correct about the affordability on a median priced home today, which is around 420k, I mean a 10% down payment and closing costs, that means you're out of pocket, probably more than 50k and it's 100k plus for a 20% down payment. And this is often an insurmountable hurdle without financial help from the Bank of mom and dad. But this is all part of a longer, multi decade set of trends. And look, a lot of these trends don't have much of anything to do with finances. People are renting longer because Americans wait longer to marry and have kids, and this has persisted, whether economic cycles are good or bad, and certainly, regardless of what mortgage rate levels are, younger generations value flexibility. That's another reason people are renting longer. Also 30 somethings are just simply more comfortable with subscription models like renting. I mean, look at Netflix and Uber and Spotify. It's been decades since anyone actually bought DVDs or CDs. Yeah, renting is just sort of another subscription model. More. Boomers are also renting for convenience. They would rather play pickleball instead of mow a lawn. This is something that they figured out a while ago. Also higher consumer and educational debt keeps people renting. You've got buy now, pay later. Companies like Klarna that are booming and mortgage eligibility got sucked from souls when all this happened? Hey, I've got more a ton of reasons for why more and more people are renters today, and how this trend is your friend if you are a rental property investor.    Keith Weinhold  8:13   Also, let's be mindful when we broke the gold standard in 1971 asset prices took off like a Blue Origin launch, and wages stagnated. That makes it tough to patch together a down payment and look, there is still an antiquated notion out there that apartments especially are like replete with paper thin walls and one in every five units is a meth lab. Have you toured apartment buildings, fourplexes, duplexes and single family rentals built in the last 10 years? Sheesh. Great amenities. Expect to see granite countertops, patios, fenced yards, gyms, sometimes even pet spas at Class A apartments, washer, dryer in unit. I mean, that has been standard for a long time, LED lighting, smart locks, increasingly office nooks for remote workers. Those are the modern amenities that you find in a rental. So the bottom line here is that as Americans age, there is an elongated renter stage of life. It's not just prices or rates, it is lifestyle. And this is why, even when affordability improves, the homeownership rate should continue to drop. More rental demand is coming. So yes, an elongated renter stage, this forever renter, if you will. That is somewhat about finances, but it is more, and this shapes the landlordtenant landscape for decades. And of course, your advantage here at GRE is even if you live in a High Cost part of the nation, we know how to buy here, say, a brand new build to rent single family property in an investor advantage place like Indiana, Missouri, Alabama or Florida, and we get it for, say, 300k or so, and you get a tenant that will pay you rent for four years or more in a lot of cases. So we've been talking about where the rental demand is coming from. It is both a lifestyle choice and a financial consideration for your tenant. Now this forever renter trend, that's something that really matters if you are providing housing to people. But some real estate trends just move so slowly, so glacier like that, you can kind of get lulled to sleep, until one day you look up and a trend has crystallized like the one that I just described. Let's compare a trend like that to something that people think matters a lot, and this does matter, but its importance is overinflated, and that is, for example, the President's nomination of a new Fed chair this year, and how that's going to move the real estate market. No, not as much as people think, as we've learned here, mortgage rates actually don't have that much to do with home prices. And yes, mortgage rates do move. They are correlated with the Fed funds rate. Yes, they are. When one is high, the other will be high. When one is low, the other will be low. They just don't move in direct lockstep. Let's listen in to the remarks of one Donald John Trump on the matter, because he talks about housing here. This is about a minute long, and then I come back to comment when Trump says him, he is apparently pointing to Treasury Secretary Scott Besant, who was in the room at the time, but as you'll hear, he's not expected to be the Fed Chair selection.    Speaker 1  12:06   Have you started the interviews for the Fed chair? Yes. Who have you interviewed? Ithink I already know my choice well. I like to him, but he's not going to take the job very fast. You like Treasury better, right? Much better, sir. So we are talking to various people and the I mean, frankly, I'd love to get the guy currently, and they're out right now,but people are holding me back. He's done a terrible job, hurting housing a little bit. The truth is, we've been so successful, we've blown past his interest rate. Stupidity. He's been wrong. That's why I call him too late. He's too late. Jerome, too late. Powell, he was recommended to me by a guy that made a bad, you know, bad choice, and it's too bad. But despite that, it's having very little impact, because we have, you know, we have all of these things happening, but it has an impact on housing to a certain extent. He's a fool. He's a stupid man, but we have some very good people   Keith Weinhold  13:09   yeah. So this matters, but it's as much entertainment and almost comedy against a demographic trend like the Forever renter propensity, a calendar year recently ended. It's time to make a quick rundown of the overall investing landscape. Once in a while we do that. It's good to check the movement on other asset classes outside real estate. It's our asset class rundown for last year, the s, p5, 100 was up nearly 17% that's the third year in a row of double digit gains in the year that Warren Buffett stepped down as CEO of Berkshire Hathaway, there's a warning. The S and P Schiller price to earnings ratio soared above 40 for only the second time in history. That's an indicator that stocks are overvalued. The only other time that happened was during the.com bubble in real estate, single family home values were up about 2% per the NAR just over 1% per Kay Shiller, apartment building values were flat to a slight decline. There is no such thing as an official apartment building Price Index, CPI inflation, up almost 3% on the year. It now hasn't been at the Fed's target of 2% or lower for a calendar year since 2019 Yeah, it has run hot all that time. Last year, mortgage rates fell from 6.9% to 6.2% and then, as you would expect, the yield on the 10 year treasury note also fell from 4.6 to 4.2 The dollar fell hard with a thud down 9% its worst performance since 2017 WTI oil prices fell from 70 bucks to $58 that's an 18% decline, but really the story of the year among all asset. Classes is what happened with precious metals, gold up a staggering 68% over the past year, touching an all time high of about $4,500 silver, up about 155% leaving investors flabbergasted and slack jawed, touching an all time high of over $80 platinum and palladium had near triple digit gains the real price of gold. This means inflation adjusted even jumped to its all time high last year, significantly surpassing the previous peaks of 1980 2011, and 2020. Realized this. More than 80% of all the recoverable gold on earth has already been extracted. Silver has been the top performing major asset class. In fact, today, a little one ounce silver coin is worth more than a 300 pound barrel of oil. Sticking with the topic of metals, inflation finally killed a penny. The last one was minted in 2025 in Philadelphia, ending a continuous run of the US minting the penny since 1792 no more. Bitcoin was down 6% falling from 93k to 87k the NASDAQ is aiming for near round the clock trading. It currently trades 16 hours a day, five days a week. They are looking to go up to 23 hours a day, five days a week in the second half of this year. That's our year end asset class rundown    Keith Weinhold  16:34   coming up in future weeks of the get rich education podcast. I am going to do an episode on overpopulation versus underpopulation? Is the world over or underpopulated, and is the United States over or underpopulated? This obviously has huge implications for the housing market. Then on another episode, we're going to discuss a real estate axis strategy we've never discussed before, called the 721 exchange. Now you might have heard of the better known 1031 tax deferred exchange, but the 731 is different. When you get older as a property owner and you realize that you don't want the hassles of landlording anymore, you can sell your properties to a partnership. The 721 exchange dictates that this is not a taxable event, and therefore no capital gains taxes or depreciation recapture are due. Property owners still get the benefits of cash flow and the appreciation across a greater number of properties and markets, and it's a great estate planning tool as well. Yes, that's the 721, exchange. We are going to cover it here. When it comes to investment real estate, I guess we cover nearly everything that's coming up on a future episode. As for today, we're talking about property taxes, if they go away, what replaces them that comes up shortly? Visit get richeducation.com to learn more about how we help you and what we do, and to get connected with real estate. Pays five ways type of properties. Visit gre marketplace.com. I'm Keith Weinhold. You're listening to get rich education.    Keith Weinhold  18:23   You know, most people think they're playing it safe with their liquid money, but they're actually losing savings accounts and bonds don't keep up when true inflation eats six or 7% of your wealth. Every single year, I invest my liquidity with FFI freedom family investments in their flagship program. Why? Fixed 10 to 12% returns have been predictable and paid quarterly. There's real world security backed by needs based real estate like affordable housing, Senior Living and health care. Ask about the freedom flagship program when you speak to a freedom coach there, and that's just one part of their family of products. They've got workshops, webinars and seminars designed to educate you before you invest. Start with as little as 25k and finally, get your money working as hard as you do. Get started at Freedom family investments.com/gre, or send a text. Now it's 1-937-795-8989,yep, text their freedom coach directly. Again, 1-937-795-8989,   Keith Weinhold  19:34   the same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS, 42056, they provided our listeners with more loans than anyone because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage, start your pre qual and even chat with President chailey Ridge personally while it's on your mind. Start at Ridge lending group.com that's Ridge lending group.com    Jim Rickards  20:05   this is author Jim Rickards. Listen to get rich education with Keith Weinhold, and don't quit your Daydream.   Keith Weinhold  20:22   Welcome back to get rich education. Episode 588 for the 12th consecutive year here, I'm your host. Keith Weinhold, I look forward to perhaps meeting you in person this coming weekend, as I'll be attending the real estate guys create your future goals retreat event in Colorado Springs. You probably remember that we have had the events host and leader, Robert Helms, of the real estate guys on the show with us here several times in the past. What a class act I am spending a few extra days after the event in Colorado Springs to both look at local real estate in that market and climb the Manitou incline, that's this grueling climbing challenge up a slope of Pikes Peak. If you want to climb with me after the real estate guys event, bring your running shoes and I'll lead a group of us up there    Keith Weinhold  21:13   if property taxes go away, what replaces them? Realtor.com recently had a terrific article about this that you can look up the property tax revolt is spreading, but the replacement plan isn't let's look at the probability and possibility of eliminating property tax. Think about how property tax elimination would increase the value of your property well, because now every buyer could afford to pay more, since they won't have that property tax expense. And of course, if you were to remove property tax as a line item from your income and expense statement, your cash flow could double, triple, or even five or 10x depending on your current cash, on cash return. But that cash flow part is less likely because most efforts to eliminate the property tax, they focus on homes, primary residences. Well, several states have either active legislation efforts or these sort of informal grassroots movements to significantly cut down or just totally abolish property tax, but no state has fully eliminated them yet. The most prominent efforts are in five states, most notably Florida, where Governor Ron DeSantis has made the most noise about it. He proposed eliminating property taxes on homesteaded which are primary residence properties, and he aims for a constitutional amendment on the November ballot to achieve this, that is 10 months from now. And that proposal, it's still pretty early in the legislative stages, and the state is also considering property tax rebates in the meantime. Now, even if you own rental property, and property tax were only eliminated on primary residences, it would still cause the value of your property to boom pretty nicely, even if it didn't help the cash flow. The state that's made the second most noise is Ohio. A grassroots organization has called Citizens for property tax reform. They have actively campaigned to place a constitutional amendment on their ballot that would just totally abolish property taxes statewide. Third most is Kansas. They propose legislation and that aims to effectively bump up sales tax to replace property tax. The fourth out of five is North Dakota. Let's look at what they're doing following a failed 2024, ballot measure to just totally abolish the property tax outright. Well, there's a new proposal from the governor, and that seeks this phased out elimination for most homeowners over a decade. And see, North Dakota has a slightly better chance of pulling that off, because they can fund that from the state's Legacy Fund, that's their oil well fund, and then making the fifth most abolition of property tax noise is my home state of Pennsylvania. Lawmakers have introduced bills to eliminate all property tax. They also aim for a constitutional amendment to put that issue before the voters. So they are the five states that have made the most noise, and that's what their approach is.    Keith Weinhold  24:43   Now, seemingly for most of my life, homeowners and landlords have griped about property tax, saying it's the most ridiculous tax of them all, because you pay it year after year after year in perpetuity. And it just never goes away. Unlike other taxes that are just a one time tax, even if your property's mortgage is paid off, you still have a house payment, and that is largely due to property tax. Understand, though, that currently a lot of states give you a reduced property tax once you reach a senior age, usually age 65 plus some start as low as 61 but when it comes to eliminating the property tax, there's a part of the conversation that's really important, and it has been notably absent, and that is a novel solution to replace the lost revenue. And it gets rather interesting to look around and see where else the money might be raised if they eliminate property tax. See, and this is really important to understand, property taxes generate 70% of local revenue, up to 90% of school funding and 25% of all state and local tax revenue in aggregate in Florida. Okay, that's just in Florida those numbers, but a lot of states have a similar scenario, and in Florida, that comes out to about $50 billion a year. That is a big hole to plug, that is a big gap to fill, and it underlines both the burden homeowners are currently shouldering and how hard it's going to be to fill that gap with anything that's more stable or equitable, that's going to last as a funding source, yes, 90% of school funding. You heard that, right? If you talk to an old timer, you know sometimes you still hear an elderly person refer to property taxes as school taxes. So see, this question of, Do you want to abolish property taxes? One reason that's become louder and louder these past few years, and why you hear more about it is due to that increased affordability strain. That's why you're hearing more about it now the question, do you want to abolish property taxes? That is the wrong question. A grassroots push to AX the property tax that's gained traction, really, among some senior homeowners facing property tax bills that are as high as their mortgage. Once was last summer, for example, in Mahoning County, Ohio, the tax delinquency rate hit 18% almost one in five people having trouble paying their property tax, and that county had more than 70 million in unpaid property taxes. In some neighborhoods in Youngstown, as many as one in three homeowners were behind. And in Cuyahoga County, which is basically Cleveland, values jumped 32% on average after reassessments that fueled a $60 million dollar increase in past due balances this whole do we want to abolish property taxes? Question? You're going to see why that's the wrong question and why it's incomplete, because that slogan that skips the only part that really matters here, and that is, what is the replacement plan, realistically, taxpayers should be asked if, in lieu of property tax, they'd rather pay higher sales taxes or higher income taxes, or for those with no state income tax, like Texas or Florida, pay one for the first time. I don't like those answers. I wish governments would spend more efficiently, but that's not the angle that we're looking at here. Property taxes are the true lifeblood of local governments. I mean, they fund everything from public safety to roads to schools, and just because property taxes disappear, well that doesn't mean that the need for firefighters goes away, that the need for police officers goes away, or the infrastructure for public school systems is going to be gone, or the roads go away. So if property taxes are cut, then another revenue generating device has to emerge to keep services funded and running. And it's a little funny. I've been talking about certain states here. But of course, property taxes are exacted and assessed at the county and local level. And look, I mean, you know how the world works, you know what the nature of society is. As soon as someone has their income stream, they quickly grow into that lifestyle and the new larger spending pattern. So taking away an existing income stream or even reducing it a little, I mean, that can almost trigger outrage and protests, for example, the outcry that we had last year about cutting snap payments. But it works this way. With anything. I mean, sheesh. For the majority of Americans, if you cut their income even 10% they would struggle to survive. They would struggle to put food in the fridge. So these repeal the property tax campaigns, they often avoid the reality of the replacement math.    Keith Weinhold  30:19   Now, some states have taken a swing at replacing property tax revenue, but few, if any, have succeeded. Now, Nebraska lawmakers, what they did is they floated higher cigarette taxes as a way to fund a goal of cutting their property taxes by 40% I mean, nice try. But according to an analysis by the Tax Foundation, that tax base was far too small. I mean to tell you more about what a terrible miss. This example is Nebraska cigarette taxes. They raised about $52 million in 2024 while property taxes raised $5.3 billion that is 100 times more, not even close, even if you could raise more money in the short run, excise revenues like this cigarette tax, they're pretty volatile, and they often shrink as the demand ebbs and flows. So it really makes them a poor backbone for expenses that grow over time, and they don't eliminate the cost so much as concentrated. So what they do is they sort of shift this broad civic obligation funding all this stuff, police, fire, school, from homeowners onto a much narrower group, in this case, people who smoke. That is not going to work for Nebraska, all right, well, what about a bigger deal, like replacing it with sales tax? Well, they run into a different problem. Local economies are not built the same. You might have a sales tax heavy tourist County, well, they can raise far more money than an agricultural county. And Florida is a clear illustration. They have lots of tourism and lots of agriculture replacing property taxes with sales tax. That would require eye popping sales tax rates too. According to the Tax Foundation Florida statewide, they would have to go from 7% to over 15% sales tax in Florida. But it gets even worse, because counties with a thin sales tax base would have to charge over 32% sales tax. My gosh, that is not going to work, all right. Well, how about another big one? Let's have income taxes replace property tax in a lot of states. I mean, the income tax that's large enough to raise pretty meaningful revenue. But the trade off is that income taxes come with their own sort of economic and political distortions, and once they're added, you know, they rarely stay confined to the tidy swap that voters were promised. I mean, look at New Jersey. They adopted an income tax in the 1970s to provide property tax relief, but over time, that swap proved hard to manage and hard to enforce, and now today, New Jersey has one of the highest effective property tax and state income tax rates combined in the nation. So the point is that all these property tax replacement tools are just inherently piecemeal. Each tax or fee has like this different payer base or some different vulnerability. I mean, if tourism dips, for example, revenues could drop really fast. And the same is true if a regulated industry contracts, or if consumption patterns shift. And you know that volatility, that's manageable for some narrow program, but that is dangerous as the foundation for essential services like public safety and street maintenance and police and schools and fire. Well, how about forgetting all that? Let's just have the government then totally get out of providing public safety and not have the government provide street maintenance and have the government get out of schools. I mean, we used to have more private companies provide you with some of those services. We didn't even have a federal income tax at all until 1913 other than a temporary one to fund the Civil War. But all of that is a bigger topic that we are not going to get into today. The point is, instead of asking the question, do you want to abolish property taxes? The better question is, which replacement are you choosing and who pays for it? Because local costs come on, they're just not likely to shrink anytime soon. After all, all of this schools, fire and police departments, public works, divisions, they're all subject to the same inflation and the same rising costs as the rest of the economy is so the property tax is unpopular. As it is, it does have one functional advantage. It is tied to this immovable base of properties. It's collected locally, and it's designed to fund on going services. That is not to say that some homeowners don't need relief. Some of them clearly do. But eliminating property taxes, that just does not eliminate the underlying cost of government. All it does is reallocate it, and that reallocation can get messy, that shifts a bigger burden onto a smaller share of taxpayers, whether it's smokers, like it was in Nebraska, or whether it's rural shoppers like the Florida sales tax example, or doubly on working homeowners, like it is in the New Jersey income tax example. I have studied this, and I have not seen novel approaches that really keep communities funded without creating some new distortion somewhere else. But unfortunately, one thing that I have seen is this repeal rhetoric, and it makes these political platitudes all that want to just conveniently skip the replacement plan, but it all sounds good and popular when someone stands up there and says that they want to eliminate property taxes. So really the honest question on a ballot. It's not, do you want to abolish property taxes? The honest question is, are you willing to pay higher sales taxes or higher income taxes or adopt one for the first time and accept the distortions that those choices to create to eliminate the property tax? I'm not going to get into the political side of all this, because that's not what we do here. The bottom line is, though, that you're probably going to hear more about the property tax going away. It is unlikely, of course, as income property investors here, property tax is largely built into the rent. It is passed along to your tenant, and a small reduction would help you out, probably not so much on your cash flow side, since most of these proposals are only for primary residences, but even a small property tax reduction on primary residences that would boost all property values, even rental property in the one to four unit space. But you shouldn't expect much here. If property taxes are eliminated, there is just no easy and viable replacement. That's your answer today, if you represent a company that serves real estate investors get rich. Education has over 3 million IAB certified downloads and 5.8 million total listener downloads. You can learn more about advertising on the show at getricheducation.com/ad, that's get rich education.com/ad   Speaker 2  37:51   for the production team here at GRE, that's our sound engineer, bedroom jampo, who has edited every single GRE podcast episode since 2014 QC and show notes Brenda Almendariz, video lead, Binaya Gyawali, strategy Tallah Mugal, video editor, Saroza KC and producer me, we'll run it back next week for you. I'm your host. Keith Weinhold, Don't Quit Your Daydream.   Speaker 3  38:17   nothing on this show should be considered specific personal or professional advice, please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC, exclusively   Keith Weinhold  38:45   The preceding program was brought to you by your home for wealth building, getricheducation.com  

Rich Kahn, CEO and Co-Founder of Anura, is driven by a mission to help businesses grow by eliminating digital ad fraud that silently siphons marketing budgets. A lifelong entrepreneur and developer, Rich is passionate about ensuring that advertising dollars reach real users—not bots, malware, or human fraud. We explore Rich's journey from launching an early digital advertising platform to uncovering widespread fraud that threatened his own business—and how building an internal solution eventually led to Anura. Rich breaks down his Ad Optimization Framework—Minimize Fraud, Optimize Conversion, Refresh Content—and explains why fraud must be addressed before any meaningful optimization can occur. He also shares how ad fraud impacts ROI, why lifetime value matters more than cost-per-click, and the conviction required to build and scale a SaaS company in a crowded market. — Improve Traffic Quality by 25% Overnight with Rich Kahn Good day, dear listeners. My name is Steve Preda, the Founder of the Summit OS Group, and the creator of the Summit OS Business Operating System. And today, my guest isa Rich Kahn, the CEO and Co-founder of Anura, an ad fraud solution that monitors traffic to identify real users versus bots, malware, and human fraud. Rich, welcome to the show.  Thanks for having me today.   Well, it’s super interesting business you have and the entrepreneurial journey. So let’s start with my favorite question. What is your personal ‘Why’, and how are you manifesting it in Anura?  My personal ‘Why’ has always been to help people. Fraud is a huge problem. And it’s no longer a question of if you have fraud, it’s a question of how much fraud you have. And I’m watching people spend millions and millions of dollars on digital marketing and getting it siphoned out by fraudsters with bogus traffic. So the ‘Why’ is that, in all the businesses that I've done, I've wanted to help people grow their business. I want to help people grow their staff. I wanted to help people grow, just in general.Share on X And in this case, with the Anura, I’m able to help them identify, wasted spend, eliminate that so they can grow their marketing campaigns and grow their company. And if they grow their company, then they have to grow their staff, and it’s a good thing for everybody. Yeah, definitely. And until we talked, I was not aware that fraud is rampant, especially in ad spend. It didn't occur to me. And I kind of wonder why this is happening. But tell me how you found this problem, and why do you want to solve this, and how did you get to this point to launch a company about it?  Well, in 2003, my wife and I launched a digital marketing firm. Think of Google, but really small. So it’s text-based ads you can target by keyword, bid price, geography, audience, like it had all these targeting criteria. We launched it in 2003. By 2004, we had a nice, stable list of clients, but we started getting some complaints about the traffic quality. Something wasn’t right. And I’m a developer, so I started looking at the code and realizing, looking at all the analytics and the data, and realized that it was bad traffic, it was fraudulent traffic. So I figured, you know what? I don't want to solve fraud. I want to go out, buy a fraud solution, bolt it onto my platform, and just continue doing my business.Share on X Kind of like buying McAfee for your laptop. You just buy and let it scan and do its thing. But in 2004, it didn't exist any fraud solutions. In fact, the first commercial available fraud solution didn’t start selling until 2008 or '09. So I was a developer, and I said, we're going to lose our business if I don't do something. So I figured it out I'd build it myself, and we did. I wrote the software. It worked great. We had to continue evolving it as fraud evolved. And it got to the point where we started having clients ask—if not beg—to use our software outside of our network. And that’s when we kind of got the idea that this might be a good tool to sell by itself, as opposed to baked into our platform. And that's where we launched it, in 2017. We ended up launching a Anura as a standalone solution.  Wow. I mean, it's definitely, if this is a big problem, it's going to affect everyone who advertises. So it could be hundreds of millions of people. How can someone even make money with fraudulent traffic? How does it help them to make money?   Well, what happens is internet advertising fraud is not illegal. There’s no law that says you can’t do it. So if you do find somebody that’s doing it, it’s really difficult to prosecute them in the U.S. But a lot of it happens overseas, so it’s even worse. There’s a lot of countries that allow all kinds of stuff. So basically, what we focus on is that their job is to try to make money. And I read an article one time from another company that was doing stats on fraud detection. They said the average fraudster—and this is why they do it—makes $5 million a year. But how?  There’s a lot of different ways. It depends if they're buying from Google, Facebook, DSPs, or affiliate marketing. But I’ll give you a simple example. One example, which is affiliate marketing. A lot of companies use affiliate marketing. I think it's a $20 or $30 billion industry at this point. It's a big market. So what happens is, right now, you or I can go to Amazon and sign up for their affiliate program, and every time we send them a new client, they'll give us 5% of what they spend. So I'm getting paid on the spend, right? So what if I sent fake users there? I’m not going to get paid for anything because they're not spending money. But what if I’m the fraudster? I use stolen credit cards to make those purchases. So if the purchase gets made and shipped, I get 5%. Affiliates usually get paid net 7. So I get paid net 7, somewhere across that month, maybe the next month, the person whose credit card was stolen says, “Hey, wait a second, I recognize charges that don't belong to me.” And then the investigation starts and takes months before it comes back to Amazon and says, “Oh, you shipped out a product to a fraudulent credit card. You're not getting paid for this. We're taking the money back.” But by then, they've already shipped the product, so they're out the hard cost of the product. They've already paid out the affiliate. The affiliate has already been paid. The affiliate can continue to do that for weeks, knowing that it’s going to take months for them to get caught. Once they get caught, they just set up another account. And what they're doing is making those affiliate margins. So if they spend a hundred dollars, they make five. If they create dozens and dozens of accounts, you can quickly see how they can make a lot of money in a short period of time. That’s just one example.  Yeah. That’s very interesting. Very interesting. So, okay, that’s really cool. So you basically help people not have the fake traffic. So whatever traffic they have, it’s real. So they pay real prices for real value. That’s got to be a significant improvement in advertising efficiency. What is the kind of improvement that you see on average happening for people?  On average, it’s 25% improvement. So 25% of the marketing dollars that they’re spending is fraudulent. Now, if they buy from like Google and Facebook, it's probably around 10%—they're on the lower side. If you buy from the programmatic space, like The Trade Desk and things like that, it’s upwards of 50%, and then everything else falls in between. All the digital types of marketing. If you're doing influencer advertising, if you're doing affiliate advertising, each one has different levels of fraud that we’ve found. But on the high side is programmatic, and on the low side is probably search and social.   Okay, so this seems like a big part of optimizing an ad, and making it perform better. So what I’d like you to share with us—and we'd talked about this in the pre-call is that you have a framework for generally optimizing digital ads. So what would that look like? And one element is fraud, but what are the other elements, and how do you go about optimizing your advertisement?  Sure. Like the heaviest hitter, in my opinion, is fraud. So you start with fraud, you look at where fraud is, and you minimize that, right? The next thing you want to focus on is conversion value. Every campaign has some level of conversion. It could be as simple as a click. It could be as simple as watching a video. It could be purchasing a product. It could be generating a lead for, let’s say, Hey, save money on my car insurance, and you fill out a lead. So what you want to do is look at where that conversion takes place. First off, you want to analyze the conversions because not all conversions are real conversions. You’ll get conversions like credit cards, fake credit cards being used, or fake information being used in fill in forms, and that’s where the fraud comes in. Once you eliminate that, now you can rely on the data that you see in your conversion value, and you start optimizing your campaigns around that conversion value. So as long as hey, this source is generating me a 20% conversion, this source is generating me 10%. Guess what? I want to stop spending on the 10%, spend more than the 20% just optimizing for the conversion value. And that's what's going to get your campaign to perform at its highest level.Share on X  So what are ways to optimize conversion beyond the fraud piece? Yeah, so once fraud’s out of the game, we’ve eliminated fraud, it’s really focusing on the data. What source you buy the traffic from, what sources they get the traffic from. Because sometimes you might buy a source of traffic like Google, and it may not come from Google. It may come from one of its syndicated partners like a CNN or a weather.com or Bloomberg, somewhere where you’re not familiar with, but if they’re getting traffic, that’s their partner network. They’re getting traffic from there. So you want to identify the sources. It could be by keyword, right? You can take a look and break it down by keyword. If you're looking at Google and maybe you have certain keywords that have a much higher performance because it's a better audience to targetShare on X and then you can have some that are much lower, then you got to decide what the cutoff is. So if you say, “Hey, anything less than a 10% conversion, I'm going to get rid of. And anything greater than 10%, I'm going to buy more of.” So that’s kind of where you focus on your conversion value. And ultimately, it’s to try to maximize your conversion while still spending your budget. Because let's say if you've got a source that's converting at 80%. It's going to be far and few between, and they're going to be expensive, and the volume of traffic is going to be light, and it's not going to be enough. Because if you've got one conversion a month, that's probably not enough to survive your company on. So you got to get somewhere in between, where you get the volume and you get the conversion value that you're looking for to give you the best possible campaign.Share on X So basically, you calculate your ROI on each type of conversion, and you get to a point where you still get a positive ROI. Is there like a rule of thumb? What is the kind of ROI do you need in order for it to generally be worth taking the risk of doing the advertising and putting in the effort?  Yeah. It’s very different from client to client. It’s got to be specific to a client. And I'll give you an example. I used to work with a company called TigerDirect. They were a huge reseller of electronics, computers, computer components, and stuff like that. And they would spend $110 to generate a $20 sale. So everybody knows that’s losing money, right? You're losing $80 on every sale you generate, or whatever the number is. If they're spending $100 to generate a sale just to get a $20 sale, why would they do that?  Well, they know once they get a client in the door, they market. They used to send weekly magazines of all the new stuff that's out in the market, the new pricing index, constant email bombardments. They would call you and say, “Hey, I saw you bought recordable CDs. We have a special on recordable CDs if you're looking for them.” They would market like crazy to their client base, and they would average over $300 per client.  So that’s the lifetime value.   Right. Their lifetime value was much greater than their cost for acquisition. And they were comfortable and in a position to spend that money to acquire the client knowing that they would make the money over time. Most companies don't operate that way. Most companies operate like GEICO—they pay $15 or $20 to get somebody to fill out a form saying they want to save money on car insurance. And they may close 15% of those leads into actual deals. And when they do the math, they’re making money every single lead that they get in, the ones that convert. And on the ones they lose, they're making enough money on the wins that the losses are outweighed, and they're still making money. So again, every company, every product—it's different. I've seen the same industries, like car insurance. Let's stick with car insurance. I've seen four or five companies where I'm looking at their conversion rates. Conversion rates are different. Their ROIs are different, their spend is different—everything's different. It's just targeting different audiences.Share on X  So if I had unlimited funding, let’s say, and I want to ramp up as fast as possible, but I wanted to make it in a smart way. Is there like a rule of thumb that your lifetime value—the profit you make on a customer—has to be 3x the amount you spend on advertising? And the lifetime is measured by the profit, not the top line, but the bottom line.  Yeah, I haven't seen a specific rule of thumb to give clients. Obviously, your lifetime value of a client needs to be more than the cost to acquire that client.  And if you want to be profitable, not every company starts out profitable. Look at Uber—they were a billion-dollar company before they went profitable. They were able to raise enough money to keep everything going, because all they cared about was client acquisition.  Yeah.  Let me get as many clients and as many drivers and riders in the door, as many drivers and riders in the door as they can possibly get so they can own the market. They had a great idea. Lyft was right behind them. They didn’t care. They were able to raise enough capital to just keep spending like crazy, knowing that in the long game, once they owned the market in all the different markets they were targeting, they were going to be profitable.Share on X So they were spending like crazy.  Doesn't that mean that there are some actors in the advertising market that inflate prices because maybe they’re venture-funded, and one out of a hundred company is going to make it unicorn? And the other 99 are going to be spending money on advertising, driving up prices. So if someone comes in and they're bootstrapping, they're going to be hard-pressed to actually make a return on their Facebook ads, because there's so much demand chasing results without appropriate expectation.  Well, if there’s enough demand, then the bootstrapper can make it work. I’ve been a bootstrapper my whole life. So if you’re in a market where there’s enough demand, it’ll work. But if you're in a situation where, let's say today, you decide to come up with a rideshare app, you're going to be hard-pressed to win riders and drivers as a new bootstrapped company. Personally, I don't think Uber would be where it is today if it were bootstrapped. A business model like that required to grow fast, and they needed the capital to do it. So there are certain industries that bootstrappers just aren't going to be able to touch, because you've got a company like Uber that was losing money while acquiring all these new clients, knowing that down the road they would own the network and they would be able to be profitable. That’s a big gamble. Yeah. But it's also all the other companies that get funding but never actually make it. And the venture capitalists are spreading their risk because they invest in ten companies, and if one blows up, that's enough.  Yeah.   So that means that there’s a lot of fake demand, basically.  Well, I’m talking about the demand from the client, not demand from the company. The company has the product, and they're trying to generate demand for their product. So when I say demand, I mean demand from the customer.  No, I mean, demand for advertising.  Oh, okay. Yeah, I see what you’re saying.  So clicks.   Yeah. So there's a limited number of people that are looking for that term. You’ve got a lot of people spending money. It’s going to make it difficult to get it unless you’re spending a lot per click.   Yeah.  So that means that maybe pay-per-click advertising is not for the faint of heart.  I wouldn't say that.  Yeah.   It's not for everybody when you're talking about every industry, right? Certain industries—I’ll give you an example. Let's say you're a roofer. Pay-per-click is going to work great for you because there are only so many roofers in a given area, and there's a high demand for roofing. You can get away with spending a couple dollars a click, where it’s not going to break the bank, and you get that phone ringing. My son, for example, owns a power washing and holiday lighting company. And he does Facebook and Google ads. He’s a small company, bootstrapped, and generates plenty of demand because of that situation. But again, if he decided he wanted to compete with Uber, he'd be lost. So it really depends on the industry, Insurance. Let's say you want to start your own Rich Kahn insurance company. Well, I’m going to be competing against Allstate, Progressive, GEICO—all these companies that are spending heavily in that sector. The only way you're going to get action is to spend more per click than they do. And if I’m spending more per click, and I don’t have the scale like they do, I’m going to lose money. Yeah. Super interesting. So let’s circle back to your framework. So we talked about fraud minimization as a way to optimize ads. We talked about conversion. What's the third leg of this stool?  For me, it’s content.   So let's say you've got fraud out of the game. You optimize by campaign and your ads are showing up number one every single time, but the copy doesn't draw. Or you don't refresh the copy often enough, then it gets stale, and people see it and think, “Eh, let me try somebody new.” So they're always looking for newer content, a way to hook the client. You really have to optimize campaign copy. So again, working with Google—that's ones out there—you have the ability to put up multiple ads, multiple creatives. Their system will automatically take titles and rotate them for you so they stay unique. And then they'll push more traffic to the ones that are getting a better conversion rate or a better click-through rate. So it's about constantly staying on top of your copy. Just like when you watch TV. You'll see the same companies advertising over and over again, but it's always a different commercial because they're trying to hook you. If they played the same commercial for the last 20 years, you'd just tune it out.  Tune it out. Yeah.   Yeah. But when you see something new, it's like, “Oh, let me watch that one.” It's kind of cool. Because the commercials have to have good copy. If it's boring, stale copy, nobody's going to pay attention.  And if it's entertaining, then it's even better, right?   Exactly. If it becomes memorable and you think, “Oh my God, you've got to see this commercial I just saw, it was amazing,” that's the kind of commercial you try to build—but it's very difficult to build.  Yeah, that’s very interesting. The creative element is very important. To catch attention and keep it, it has to be creative, curiosity-inducing, and potentially entertaining. That’s wonderful.  Yeah.  So when did you decide to go all in on Anura?  Yeah. We launched it April 1st, 2017. We spent that first year trying to figure out who we were as a business. Because I'd never sold SaaS before, so I was trying to figure out—do I have a pitch deck? How do I talk to people? What works best? How do I get the person to say they're interested and want to get on a call? There was so many things that we were struggling with that first year. I don’t know if we signed up more than one or two clients that first year. By the second year, we signed up a bunch of clients because we started to figure out what was working, who we’re talking to, the right trade shows to go to, the right Google ad campaigns to run.  And as we started getting that, we started getting our traction and we started growing the client base. So I guess we would say we launched in 2017, but really went all in in 2018. That's when we saw our first couple of clients jump on the software, fall in love with it, give us case studies and reviews, and say, “I can't believe how you changed my business. This is amazing.” Once we got into the hands of a client, and we had one or two clients that really embraced it, that's when we felt, “Okay, we're onto something special. We're all in.” That was about 2018.  And then you started winding down your consulting business and went all in on the SaaS business?  Yeah. We left the Google competitor, the really small Google competitor marketing agency. We left it up for a couple years because we had some clients that were still buying and using it. As the client attrition naturally occurred, we got to a point where we said, “Okay, it's time to shut it down.” That was also around 2018–2019. Basically, in 2018 we pulled all the resources from it and just kept it running for the clients that were still there. They'd been with us for years, so we kept it stable. We weren't going to trade shows, we weren't advertising it. Support was handled by two of us, the client support, actually the whole company was run by two of us, three of us, and we just let it run for a couple of years until the last client jumped off, and then we shut it down. Yeah. Actually, that's a great approach—to evolve from a business that maybe has a ceiling, find another opportunity, start putting more time into it as it takes off, reallocate resources, use the legacy business as a cash cow, your legacy business and then once the new business takes off, then basically cut bait. That’s very interesting. And I’ve seen this happen. I’ve done it myself as well. So what's the hardest decision you've ever had to make in your business?   I’m going over the last 22 years. The hardest decision I ever had to make was firing a best friend. And unfortunately, it actually happened twice. My two best friends—one was a partner and one was an employee. We were working together, and it just got to the point where we had to go our separate ways from a business standpoint, and that hurt the relationship. We stopped talking. It was a bad breakup. And I just ran into them about a year ago, and we picked up where we left off—bygones be bygones. It was tough back then because you have a good friend, and it's like, “Oh, I want to bring my friends into the business. So I always tell new business owners when they're starting: if you're going to start the business with friends as a partner, that's different.Share on X But don't hire your friends as employees. Because if you hire them as employees and you have to make a business decision that doesn't go well for them, they're going to pull the “friend card.” And you’re going to be stuck between either getting rid of a bad employee, and I say bad, but like an employee that you need to get rid of or lose a friend. That’s tough. Friends are hard to come by, especially good friends. Especially when you get older and your kids are out of school, you're not hanging out on the sidelines at sports or having coffee with people. As you get older, there are fewer groups you hang out in, so it's harder to find friends. So it’s not worth losing a friend over business.  Yeah, I agree. I agree. I had this experience as well, and it’s it was super painful for both of us. It did impact the relationship, even though we both put up a brave face over it, but it kind of breaks the trust.  Yeah. It’s not fun.   Yeah. So, final question I want to ask you is: what is the most important question an entrepreneur should ask themselves, in your opinion?  Am I willing to not give up? Like I said, when I started this company, it wasn’t a new concept. If it’s a new concept, it's a lot easier to say, “Man, I'm going to crush this.” Because when we started this, there were probably about a half a dozen different fraud solutions in the marketplace back in 2017. There was a handful of them that were out. They were already getting a lot of traction. I think all of them were fully funded and doing really well. It’s not the greatest time in the world to enter the fraud detection market when you have traction like that—kind of like entering the market trying to compete with Uber. But I looked at it and thought, based on everything I was doing, I think we have a better product. And once we started getting that feedback from clients who use the other products and realized we had a better product, it made me more convinced that this is the direction we want to go to.Share on X We want to turn this into its own company. We want to grow it. And for me, that question is: is this something I can do and not give up on? But if it’s something like you’re like, “Ah, if it doesn't do this, I don't know,” then don't start. Because one of the things you’ll find with most entrepreneurs, successful entrepreneurs, they don’t give up, persistence. They’re can be smart about it, but persistent.   It’s also a balance. It’s a belief. Maybe this is what you’re talking about that, do you have this conviction that this is going to work out in the end?  Yeah.  So how do you know? How do you know that you are willing to not give up? What makes you be able to make this decision? Is this a decision or is this like an ongoing question that you keep asking yourself?  For me, it's: I've got to run it through my head and feel that it's an unfillable business. And then I got to feel it in my heart. If I don’t feel it in my head and my heart, I’m not going to do it. I’ve had cut dozens and dozens of great ideas, some that I think would be phenomenal even in today’s standard, but I didn't have the resources I wanted behind them. I didn't really have the heart in those businesses, so I didn't start them. I wasn't all in. Like I said before, with this business, when we started it, I was all in with my toe. And then once I started getting feedback from clients, I jumped in. Because then I knew, it wasn’t me saying I’ve got the best solution, it was my client’s telling me I got a better solution. And then as I get client after client, so now you know, you look at seven, eight years later, I’ve got new people in the office. I started working for this new fraud company. I see they’re kind of small compared to some of the other big companies out in the marketplace. And then they’re on the phone with clients who are like ranting and raving about our software. They come back—now they're all in. And that's really what I want is I want every team member to feel that, to know that they're with the right company. It's not just for me—it's for the team too. Share on X Yeah, the team. I agree. That’s super important. Well, I love that. And this whole idea of the client feedback, reinforcing the value, and making people confident to sell it is huge. Yeah.  All right. So if people would like to reach out to learn about your solution—maybe they’re advertising, they’re spending a lot of money, and they want to save the 25% without losing any conversions, or they just want to reach out and learn more about and get to know you—where should they go and how can they reach you?   I would start with anura.io or www.anura.com . We own both. And on there, we have huge amount of resources. We publish several blogs every week. We have dozens of eBooks online. We have the world’s only comprehensive guide on ad fraud, it’s about an 80 page document. So plenty of ways to learn. And then once they want to talk to somebody, once they’re ready, and like they’ve done their research and they’re ready to talk to us, they can fill out a form and we'll reach out, or they can just pick up the phone and call us. If they want to follow me on LinkedIn, that’s my social media of choice. I post videos like this on there, some wacky videos sometimes with me and my grandkids. The best way to find me is just Rich Kahn on LinkedIn. I'm easy to find.   Awesome. Well, Rich, thank you for coming and sharing your framework—the Ad Optimization Framework. So it's content, fraud minimization, conversion, and this idea of conviction: when you are willing to not give up concept. It’s fabulous. For those of you listening, if you found this valuable, follow us on YouTube, check out our LinkedIn page, and stay tuned because every week we are going to get a wonderful contributor like Rich Kahn, the CEO of Anura. So Rich, thanks for coming and thanks for listening.  Appreciate it. Important Links: Rich's LinkedIn Rich's website

This week's episode was recorded prior to the holidays with two gentlemen who have both been on he show multiple times, Joseph Esch (with a few guest appearances from family members) and Adam Crohn.  There was no particular agenda other than catching up with each other and talking about Joe's first experience being a vendor at a toy convention.  We ended up commiserating on having tables at similar such conventions and fairs, the pitfalls of generative AI and digital living, especially with children, and the quiet revolution against such things happening in some parts of the country / with some families.   In 2026, I'm planning to do more like this, previously something I saved for centennial episodes.  On a smaller scale, though, I think they are nice ways of building and maintaining a sense of community, with is something we need now more than ever.   If you enjoyed this outing, you can find Adam, Joe, and I all together on podcasts about The Lost Boys (parts 1 and 2) as well as on Rambo: First Blood (Parts 1 and 2 ) as well as their epic collaboration on Steakuums:https://www.youtube.com/watch?v=3X1SL5qKqAEWishing you the best in the new year!∞∞∞∞∞∞∞Once Upon a Dream, the second Thirteenth Hour soundtrack, is now out in digital form and on CD!   It is out on most major streaming services such as Bandcamp, Spotify, and YouTube Music.  (If you have no preference, I recommend Bandcamp since there is a bonus track there and you will eventually be able to find tapes and special editions of the album there as well.)  The CDs are out now!-Check out the pixelart music videos that are out so far from the album:-->Logan's Sunrise Workout: www.youtube.com/watch?v=K7SM1RgsLiM-->Forward: www.youtube.com/watch?v=Z9VgILr1TDc-->Nightsky Stargazing: www.youtube.com/watch?v=2S0p3jKRTBo-->Aurora's Rainy Day Mix: https://youtu.be/zwqPmypBysk∞∞∞∞∞∞∞∞ Signup for the mailing list for a free special edition podcast, a demo copy of The Thirteenth Hour, and access to retro 80s soundtrack!Like what you see or hear? Consider supporting the show over at Thirteenth Hour Arts on Patreon or adding to my virtual tip jar over at Ko-fi. Join the Thirteenth Hour Arts Group over on Facebook, a growing community of creative people.Have this podcast conveniently delivered to you each week on Spotify,  iTunes, Stitcher, Player FM, Tunein, and Googleplay Music.Follow The Thirteenth Hour's Instagram pages: @the13thhr for your random postings on ninjas, martial arts, archery, flips, breakdancing, fantasy art and and @the13thhr.ost for more 80s music, movies, and songs from The Thirteenth Hour books and soundtrack.Listen to Long Ago Not So Far Away, the Thirteenth Hour soundtrack online at: https://joshuablum.bandcamp.com/ or Spotify.  Join the mailing list for a digital free copy.  You can also get it on CD or tape.Website: https://13thhr.wordpress.comBook trailer: http://bit.ly/1VhJhXYInterested in reading and reviewing The Thirteenth Hour for a free book?  Just email me at writejoshuablum@gmail.com for more details!https://13thhr.wordpress.com/2026/01/12/the-thirteenth-hour-podcast-544-creative-corner-1-with-adam-and-joe/

Die Liebe zu Dry Cleaning ist gar nicht mehr so secret. Schon ihr Debütalbum war Sounds! Album der Woche und auch ihr drittes «Secret Love», ist es wieder. Wie kann man auch Florence Shaws gelangweiltem Sprechgesang über ihre «inside thoughts» widerstehen! Noch nie groovte es bei Dry Cleaning so sehr wie auf der dritten Platte. Detailverliebte Instrumentals unter analytischen Lyrics ad absurdum. Zwischen Abgrund und Aufstieg, Hoffnungslosigkeit und Zuversicht. Das Musikjahr 2026 ist eröffnet. Und Sounds! verlost jeden Abend Vinyl und CDs des ersten Albums der Woche im 2026: Dry Cleaning «Secret Love».

TUNES: William Dixon: The New Way to Bowden (Athol Braes) (though I say Morpeth in the Podcast) Walker Jackson: Jackson's Morning Brush Martin Freeman: One Tree Vale. I Ngleaun A Chruing Canon James Goodman: Jackson's Snack, The Bright Dawn of Day James Aird: The Dawning of the Day Canon Goodman, Courtesy of Mick O'Brien, Emer Mayock, Aoife Ní Bhriain: Ceann Dubh Dileas (My dark-haired darling), Pádruig, Píobaire (Patrick the Piper) / Quadrille, Humours of Glynn. Huge Thank you to Mick, Emer and Aoife for letting my play a few tracks from their new album: More Tunes from the Goodman Manuscripts. Be sure to check it out on Bandcamp: https://goodmantunestrio.bandcamp.com/album/more-tunes-from-the-goodman-manuscripts Be sure to check out Fin Dwyer's Outstanding Irish History Podcast for a far better discussion of the Famine in his 37 Episode Series: https://irishhistorypodcast.ie/podcast-introduction-to-the-great-famine-series/ I watched several videos on the Famine, but this one was particularly good: When Ireland Starved: https://youtu.be/B_K-q4GCdWg Cover Art for this Episode Comes From The Illustrated London News February 13, 1847: https://www.google.com/books/edition/TheIllustratedLondon_News/1dFCAQAAIAAJ?hl=en&gbpv=1 You can See it on the Original release of the Episode here: https://www.wetootwaag.com/s5e05 This week's episode is a companion piece to a presentation I gave for the Chippewa Valley Museum's February Folk Arts Festival https://www.cvmuseum.com/visit/folk-arts-fest/ The Mystery Tune from last week was Cutting Bracken (also Known as Buain na Rainich or Tha Mi Sgìth), big Thanks to those that let me know! Here are some links to recordings of it from Kist of Riches: http://tobarandualchais.co.uk/en/fullrecord/32380 http://tobarandualchais.co.uk/en/fullrecord/72046 http://tobarandualchais.co.uk/en/fullrecord/88532 http://tobarandualchais.co.uk/en/fullrecord/101278 http://tobarandualchais.co.uk/en/fullrecord/105641 (this is the version where the Fairy is complaining to be working alone). Here is the live 1972 Video I played a Sample from Alan Stivell: https://youtu.be/aJtdHmpjzxo 1733: William Dixon's The New Way to Bowden, I incorrectly refer to this tune as New way to Morpeth in the Podcast I think: from Matt Seattle's book: https://www.mattseattle.scot/product-page/the-master-piper-new-edition 1774: Walker Jackson's Jackson's Morning Brush: The book itself is not available online, but you can look at a fair transcription of the notes on Bill Black's Website: http://www.capeirish.com/webabc/working/source.folders/jcit/jcit_table.html 1860s: Canon James Goodman's Jackson's Airs, Snack Irish Traditional Music Archive (ITMA): http://port.itma.ie/score/ITMA_5894 Or the Original hosted Here: http://goodman.itma.ie/volume-four#?c=0&m=0&s=0&cv=6&z=-1730.7771%2C4123.5859%2C9428.2975%2C3406.3143 To read more about James Goodman you can read here: http://goodman.itma.ie/ https://www.irishtimes.com/culture/the-man-who-saved-a-feast-of-music-from-the-famine-years-1.923981 His Obituary was Reprinted in an Early Issue of An Piobaire: An Píobaire - sraith 2, uimhir 30 (May 1986) https://pipers.ie/source/media/?galleryId=1011&mediaId=25932 https://www.itma.ie/features/discover/canon-james-goodman You can see the article about the Cork Piper's Club in An Píobaire - sraith. 1, uimhir 1 (March 1969) https://pipers.ie/source/media/?galleryId=1010&mediaId=25878 1913/4: Alexander Martin Freeman's One Tree Vale: of I Ngleaun A Chruing (The tune appears on page 227) https://www.itma.ie/digital-library/text/journal-of-the-folk-song-society-no-24 1861: Canon Goodman's The Bright Dawn of Day ABC from ITMA: http://port.itma.ie/score/ITMA_1109 Original: http://goodman.itma.ie/volume-one#?c=0&m=0&s=0&cv=4&z=-1312.2998%2C556.3838%2C10302.6954%2C3722.2222 Here Is the Video of Several Irish Singers singing Fáinne Gael an Lae https://youtu.be/NtQeo09xOGA 1780s: James Aird's Dawning of the Day: https://digital.nls.uk/special-collections-of-printed-music/archive/87705159 FIN Here are some ways you can support the show: You can support the Podcast by joining the Patreon page at https://www.patreon.com/wetootwaag You can also take a minute to leave a review of the podcast if you listen on Itunes! Tell your piping and history friends about the podcast! Checkout my Merch Store on Bagpipeswag: https://www.bagpipeswag.com/wetootwaag You can also support me by Buying my Albums on Bandcamp: https://jeremykingsbury.bandcamp.com/ You can now buy physical CDs of my albums using this Kunaki link: https://kunaki.com/msales.asp?PublisherId=166528&pp=1 You can just send me an email at wetootwaag@gmail.com letting me know what you thought of the episode! Listener mail keeps me going! Finally I have some other support options here: https://www.wetootwaag.com/support Thanks! Listen on Itunes/Apple Podcasts: https://podcasts.apple.com/us/podcast/wetootwaags-bagpipe-and-history-podcast/id129776677 Listen on Spotify: https://open.spotify.com/show/5QxzqrSm0pu6v8y8pLsv5j?si=QLiG0L1pT1eu7B5_FDmgGA

In this episode of the Legacy Podcast, we break down how some real estate investors use life insurance as a tool to store cash, borrow against it, and fund deals—using real numbers and clear examples. Most investors hear "life insurance" and immediately tune out. I get it. I did too. So in this episode, I wanted to slow everything down and actually understand how some investors are using life insurance as a financial tool—not as a product pitch, not as a hack, and not as a replacement for real estate. I sat down again with Chris Miles and asked the questions I know most real estate investors are thinking but don't always get clear answers to. We talk through: - How investors use life insurance to hold cash differently -What it really looks like in the early years (costs, break-even, growth) - How borrowing against a policy actually works - How this compares to holding cash, CDs, bonds, or money markets - When this makes sense for real estate investors and when it doesn't - We use simple dollar examples, real scenarios, and honest trade-offs. No hype. No pressure. Just clarity. This episode isn't about convincing you to do anything. It's about understanding another tool so you can decide whether it belongs in your overall strategy. If you've ever wondered where to safely park cash, how to keep money working while still using it, or why some investors structure things differently—this will help connect the dots.

Join this channel to get access to perks such as Weekly Zoom Calls & Private Discord!! https://www.youtube.com/channel/UC4BqTVQA1pCwe9QaEPwD3MQ/join Free 30 Day Trial to Go2Lister https://www.go2lister.com/mike I help teach people how to make money selling books on Amazon, leveraging the platform's vast reach and the profitability of reselling used books. How to sell books on Amazon? Selling books on Amazon can be an excellent side hustle or a full-time endeavor, particularly if you enjoy thrifting through places like Goodwill for hidden treasures. How to start selling on Amazon is accessible, and with my guidance on how to sell books, DVDs, CDs, and other media, beginners can quickly learn the ropes. Utilizing Amazon FBA streamlines operations, allowing sellers to focus more on sourcing and less on logistics. As a reselling coach, I provide tutorials and guidance on navigating challenges like ungating and optimizing listings for maximum visibility and sales. Whether you're looking for a part-time side hustle or aiming to become a full-time reseller, I will teach you the ins and outs of thrifting books and selling books online and can pave the way to creating passive income streams and achieving business growth.

In this heartfelt and eye-opening episode, Rhonda sits down with therapist and author Oona Metz to talk about the emotional journey of divorce — and how to move through it with clarity and compassion. Oona shares her five-phase model for navigating divorce grief, built from decades of work with women in group therapy settings. Whether you're newly separated or deep in the healing process, this conversation will help you name what you're feeling, understand what's normal, and take the next right step with confidence. In This Episode, You'll Learn: Why heartbreak is the starting point of every divorce journey — even if you initiated it What it really means to "feel it to heal it" (and why it's not optional) The difference between therapy groups and coaching groups — and why facilitation skills matter How to move from grief to growth in Oona's 5-phase model: Heartbreak Emotional Rollercoaster Mending Letting Go Moving On How group support reduces isolation and accelerates emotional healing

Need something calm, human, and heartfelt? We're starting the year with chill Celtic songs… gentle voices, meaningful lyrics, and music that feels like coming home, all on the Irish & Celtic Music Podcast #741  -  -  Subscribe now! Enda Reilly, The Druids Irish Folk Band, Brobdingnagian Bards, The Haar, Charlie O'Brien, Socks in the Frying Pan, Tiffany Schaefer, Whiskey Bay Rovers, Boxing Robin, Bealtaine, Goitse, Rambling Sailors, Heather Dale, Jesse Ferguson, The Gothard Sisters GET CELTIC MUSIC NEWS IN YOUR INBOX The Celtic Music Magazine is a quick and easy way to plug yourself into more great Celtic culture. Enjoy seven weekly news items with what's happening with Celtic music and culture online. Subscribe now and get 34 Celtic MP3s for Free. VOTE IN THE CELTIC TOP 20 FOR 2026 This is our way of finding the best songs and artists each year. You can vote for as many songs and tunes that inspire you in each episode. Your vote helps me create this year's Best Celtic music episode. You have just three weeks to vote this year. Vote Now! You can follow our playlist on YouTube to listen to those top voted tracks as they are added every 2 - 3 weeks. THIS WEEK IN CELTIC MUSIC 0:07 - Enda Reilly "Red Is The Rose" from Whisperings 2:57 - WELCOME 5:01 - The Druids Irish Folk Band "Farewell to Bellaghy" from The Starry Plough 8:02 - Brobdingnagian Bards "I'm Coming Home" from Another Faire to Remember 12:34 - The Haar "Spancil Hill" from The Lost Day 17:34 - Charlie O'Brien "The Pampa's Fairest Child" from The Trackless Wild, Irish Song of the Pampa 21:20 - FEEDBACK 25:28 - Socks in the Frying Pan "Suffer in Silence" from Waiting for Inspiration 28:29 - Tiffany Schaefer "Si Do Mhaimeo I" from Tara's Halls 30:54 - Whiskey Bay Rovers "Away Rio" from Taverns and Tides 34:08 - Boxing Robin "One Autumn Morning" from The View From Here 37:52 - Bealtaine "Grafton Street" from Factories & Mills, Shipyards & Mines 41:59 - THANKS 45:06 - Goitse "Write Me Down" from Rosc Goitse pronounced "Go - wit - cha" 48:47 - Rambling Sailors "Hi Ho Come Roll Me Over" from Kenway's Favorites 50:27 - Heather Dale "The Morrigan" from Fairytale 53:46 - Jesse Ferguson "Yankee Whalermen" from Ten 57:15 - CLOSING 58:34 - The Gothard Sisters "See You Down the Road" from Moment in Time 1:02:29 - CREDITS Support for this program comes from International speaker, Joseph Dumond, teaching the ancient roots of the Gaelic people. Learn more about their origins at Sightedmoon.com Support for this program comes from Cascadia Cross Border Law Group, Creating Transparent Borders for more than twenty five years, serving Alaska and the world. Find out more at   www.CascadiaLawAlaska.com Support for this program comes from Hank Woodward. Support for this program comes from Dr. Annie Lorkowski of Centennial Animal Hospital in Corona, California. The Irish & Celtic Music Podcast was produced by Marc Gunn, The Celtfather and our Patrons on Patreon. The show was edited by Mitchell Petersen with Graphics by Miranda Nelson Designs. Visit our website to follow the show. You'll find links to all of the artists played in this episode. Todd Wiley is the editor of the Celtic Music Magazine. Subscribe to get 34 Celtic MP3s for Free. Plus, you'll get 7 weekly news items about what's happening with Celtic music and culture online. Best of all, you will connect with your Celtic heritage. Please tell one friend about this podcast. Word of mouth is the absolute best way to support any creative endeavor. Finally, remember. Clean energy isn't just good for the planet, it's good for your wallet. Solar and wind are now the cheapest power sources in history. But too many politicians would rather protect billionaires than help working families save on their bills. Real change starts when we stop allowing the ultra - rich to write our energy policy and run our government. Let's choose affordable, renewable power. Clean energy means lower costs, more freedom, and a planet that can actually breathe. Promote Celtic culture through music at http://celticmusicpodcast.com/. WELCOME THE IRISH & CELTIC MUSIC PODCAST * Helping you celebrate Celtic culture through music. I am Marc Gunn. I'm a Celtic musician and also host of Pub Songs & Stories. Every song has a story, every episode is a toast to Celtic and folk songwriters. Discover the stories behind the songs from the heart of the Celtic pub scene. This podcast is for fans of all kinds of Celtic music. We are here to build a diverse Celtic community and help the incredible artists who so generously share their music with you. If you hear music you love, please email the artists to let them know you heard them on the Irish & Celtic Music Podcast. These musicians are not part of some corporation. They are small indie groups that rely on people just like you to support their music so they can keep creating it. Please show your generosity. Buy a CD, Album Pin, Shirt, Digital Download, or join their community on Patreon. You can find a link to all of the artists in the shownotes, along with show times, when you visit our website at celticmusicpodcast.com. Email follow@bestcelticmusic to learn how to subscribe to the podcast and you will get a free music - only episode. IRISH & CELTIC MUSIC PODFEST Today's show is brought to you by Irish & Celtic Music PodFest. Our first ever festival will feature three Celtic bands, including yours truly, Marc Gunn. It's happening Sunday, March 8, 2026 at The Lost Druid Brewery in Avondale Estates, GA. Follow our event page on Facebook for more details. Or even better, Follow us for Free on our Patreon page. While you're there, you'll also find out about the Kickstarter we're launching for an album of the Best Celtic Music of 2025. Find out how You can get involved. ALBUM PINS ARE CHANGING THE WAY WE HEAR CELTIC MUSIC I got an email from Discmakers, my CD manufacturer, saying they were forced to raise their prices because of tariffs by our president. This is a tax on Americans. So if you love CDs, remember that the prices will go up. So please support those higher priced CDs. But there is an option for those who don't want to buy CDs and for those who want a better alternative for the environment. It's the Album Pin. Album Pins are lapel pins themed to a particular album. You get a digital download of the album. Then you can wear your album. All of my latest Album Pins are wood - burned and locally produced. This makes them better for the environment. And they are fun and fashionable. If you want to learn more about Album Pins, you can read more about them on my celtfather.Substack.com or just buy one at magerecords.com THANK YOU PATRONS OF THE PODCAST! Because of generous patrons like you, the Irish & Celtic Music Podcast releases new episodes nearly every single week. Your support doesn't just fund the show—it fuels a movement. It helps us share the magic of Celtic music with thousands of new listeners and grow a global community of music lovers. Your contributions pay for everything behind the scenes: audio engineering, stunning graphics, weekly issues of the Celtic Music Magazine, show promotion, and—most importantly—buying the music we feature from indie Celtic artists. And if you're not yet a patron? You're missing out! Patrons get… Early access to episodes Music - only editions Free MP3 downloads Exclusive stories and artist interviews A vote in the Celtic Top 20 Join us today and help keep the music alive, vibrant, and independent.

Welcome to 2026! We've lined up the perfect guest for our first episode of the new year. Paul McKenna has helped millions of people with his books, DVDs, CDs & downloads. He's one of the best-selling self-help authors on the planet, and in this chat he opens up about finding love through hypnotism, the darker side of hypnotism and the ethics of toying with someone's self-conscious. It's a fascinating conversation and we hope it helps add some positivity to what can feel like the longest month of the year! We are fast approaching our 500th episode, so we'd love to know what your favourite episodes have been, how long you've been listening and what you enjoy about the podcast - feel free to drop us an email to hello@whitewinepod.comFrom all of the team at White Wine Question Time we'd like to wish you a Happy New Year, and all the best for 2026. Hosted on Acast. See acast.com/privacy for more information.

Do you have a music collection… or do you have a music library?In this special Now Spinning Magazine feature, I explore why the words we use to describe our records, CDs, and box sets really matter. This isn't just about physical media—it's about memory, identity, community, and how music becomes the soundtrack to our lives.From light-hearted collector confessions to deeper reflections on curation, ownership, and connection, this episode looks at why a music library is far more than “stuff on shelves”.Thank you for all your support - PhilJoin the Now Spinning Magazine CommunityJoin a global community of music fans who share your passion for collecting and enjoying physical music.From £3 / $3 per month (Cancel at any time)Benefits1.Get access to the Now Spinning Magazine Private Facebook Group Community2.Get Access to the Private What's App Group Community - Deals & Offers, New Release News and friendly Music chat with like minded collectors3, Invites to our twice Monthly Virtual Meet Ups at our own virtual pub called 'The Now Spinning Arms'.4. Get to see all our videos AD Free amd before they are released to the public.5. Access to exclusive video and photo content6. Special Discounts on Now Spinning Magazine Merch - T-Shirts, Mugs and more7. Access to our Video PanelsHow To JoinYou can join via Patreon or as a YouTube Member - the benefits are the same!Join Via Patronhttps://www.patreon.com/c/nowspinningJoin Via YouTubehttps://www.youtube.com/channel/UCnZSsMr4k8ZVlrJ8MUYR4GA/joinNow Spinning Magazine https://www.nowspinning.co.uk

Send us a textA tiny AI hologram that sits on your desk and smiles back at you sounds futuristic… until you realize how fast novelty slides into cringe. We kick things off by roasting the CES gadget everyone will meme, then pivot to the ideas underneath: why ambient AI is sneaking into our workspaces, how customization keeps us hooked, and where the line sits between companion and coach. From there, we dig into LEGO's new interactive bricks, the promise of light and sound in creative builds, and the practical headaches around price, collectibility, and what happens when electronics age inside once-timeless sets.The conversation shifts gears into the car world, where Sony teases an EV and manufacturers keep pushing paid features. We talk about the trade-offs between convenience and control, why cars now feel like subscription platforms, and how that changes what “ownership” means. That spirals into a passionate riff on real-life utility: sedans vs SUVs vs minivans, hauling space for gear and pets, and choosing vehicles that match how we actually live—not just how they're marketed.Then we get personal. We lay out goals we'll track this year: getting back to lifting with a home rack, rebuilding a 1992 Volvo wagon, and opening our anime queue to genres we usually skip for fresh creative fuel. On the career side, we map a clean path to the CompTIA trifecta with Network+, and we get candid about money literacy—HYSA vs savings, CDs, brokerage accounts, T-bills, and starting the investing journey without the fluff. We also confront a tough truth: turning a hobby into a business can kill the joy. Photography paid, but it drained us. Barbecue tastes amazing, but meat prices crush margins. Gourmet mushrooms, though, thread the needle—science, repeatability, and steady demand with a lean setup and real market interest.If you've been waiting for the right moment to set goals you'll actually keep, consider this your cue. Write one down, make it smaller, and start today. If you enjoyed the show, follow the podcast, share it with a friend who loves tech and real talk, and leave a quick review so more curious listeners can find us. https://www.carolinaotakus.com/

I knew a searcher who was buying a job, but didn't know they were buying a job. Buying a job is a bad thing. You just need to be realistic about what you are actually buying and what your intent is with acquiring a business. Repeat, there is nothing passive about buying a business. If you want a mailbox check, buy dividend-paying stocks or CDs.     Join the How to Buy a Business Cohort  https://www.letsbuyabusiness.com/p/how-to-build-a-business-cohort-with-ryan-condie/     Sourcing List:https://www.letsbuyabusiness.com/source   SMBs are the biggest target for cyber attacks. Protect your business with Inzo Technologies.Check out....www.inzotechnologies.com, I-N-Z-O, or email Nick directly at nick@inzotechnologies.com.

Welcome to the series finale of Supernatural Music Extravaganza! In this episode, the Denim Wrapped Nightmares and In Defense of Fandom crews tackle the eternal question: "Why does my Supernatural sound different on {insert name of streaming platform}?!" Spoiler alert: blame capitalism!The hosts explain the wild world of music licensing, from the show's early "oops, we only bought DVD rights" days to the later "give us your songs FOREVER" era. Turns out those iconic needle drops cost serious upfront cash, which is why Season 1 Dean might be rocking out to "Generic Rock Song #4" instead of AC/DC. RIP original soundtrack, we hardly knew ye (unless you own the DVD).Featuring insights from Jensen Ackles on budget woes, a deep dive into why physical media matters, and heartfelt tributes to favorite Supernatural needle drops—from "Heat of the Moment" torture to Bob Seger brotherhood feels. Plus: important intel on where to snag those Radio Company vinyls before they're gone again.The moral of the story? Buy the Blu-rays. Buy the CDs. Stream responsibly. Go to the shows. And never trust a tinkerbell.Click here to learn more about music supervision and Alexandra Patsavas.Catchup on Supernatural Music Extravaganza episodes, shop, and find playlists at linktr.ee/SPN20.Thank you for taking this SPN Family musical journey with us! Please continue to follow Denim-wrapped Nightmares and In Defense of Fandom. Next up, Berly and LA will discuss the lore, the gore, and what they adore about Supernatural, season 9, while Sadie takes a comprehensive look at fandom conventions. We hope to see you in 2026!Special thanks to Steve Hein, producer of the hit podcast, Supernatural Then and Now, for permission to include part of their conversation with Phil Sgriccia. Find their full discussion at podcasts.apple.com/ec/podcast/bloody-mary-featuring-producer-director-phil-sgriccia/id1605385289?i=1000551011238.Special thanks to our "favorite needle drop" contributors: Kera Styler, Nessa Colt, Lauren from Hops Geek News, Lynn from SPN 'Verse, Jordan, Liz, Iggy, Nerdy Tavern, and Waleed from the Wally Verse.Special thanks to our music contributors: Richard Cummins (richardcummins.bandcamp.com/music), Gil McKinney (music.apple.com/us/artist/gil-mckinney/315769280), The Station Breaks (music.apple.com/us/artist/the-station-breaks/1181728798), Briana Buckmaster and Billy Moran (music.apple.com/us/album/carry-on-wayward-son-single/1487727442).Send us your review!Support the showTHANK YOU FOR LISTENING!Please rate and review Denim-Wrapped Nightmares wherever you get your podcasts! Find social channels and more on our Linktree.

Toronto's melodic punk lifers Wasting Time are back with their new single “Ripped Blue Jeans”, out December 12 via People of Punk Rock Records. It's a nostalgic rush of anthemic hooks and heart-on-sleeve energy that could've soundtracked any MTV's 120 Minutes marathon. The track captures that feeling of late 90s freedom, cracked sidewalks, stickered guitars, the smell of sweat and stale beer in community-hall venues, and long summer nights when the world still felt small enough to dream your way out of it. Formed in 2017, Wasting Time has steadily built a catalog rooted in melody and sincerity: five EPs, three full-length albums, and a streak of singles that echo the honesty and grit of Alkaline Trio, No Use for a Name, MxPx, Blink-182, and Green Day. Their latest release, Hurry Up and Wait, cemented their reputation as one of Canada's most reliable carriers of melodic punk tradition, and “Ripped Blue Jeans” only deepens that lineage. Mixed and mastered by Matt Gauthier at Arc Studios, the single offers the first taste of their upcoming full-length, Are You Out Of Your God Damn Mind?, due out in the new year. The song hums with the spirit of a simpler time, before algorithms and playlists, when discovery meant burning mix CDs or catching a new band between Tony Hawk Pro Skater soundtracks. You can almost see the baggy Dickies, chain wallets, and flannel shirts tied at the waist. It's a nod to every kid who ever scribbled lyrics in the margins of a school binder or fell asleep to Dookie playing on repeat. Wasting Time capture that pulse without imitation; it's not nostalgia for its own sake, but a reminder of why those songs mattered in the first place. Wasting Time Online INSTAGRAM | SPOTIFY | BANDCAMP | FACEBOOK | X | YOUTUBE | TIKTOK Checkout my YouTube Channel with long form interviews from the Subversives | the History of Lowest of the Low. https://www.youtube.com/playlist?list=PL9d1VSeOHYuxFWKuRdmn9j8UTW6AHwS_fAlso my Weekly Tour Vlog is up an live on the YouTubeshttps://www.youtube.com/playlist?list=PL9d1VSeOHYuwphwhc4zd0VgY66f1OUQZp Pledge monthly with Patreon https://www.patreon.com/apologueShop Apologue products at http://apologue.ca/shopCheck out new Four Square Here: https://distrokid.com/hyperfollow/foursquare/brighton-beach-ephttps://distrokid.com/hyperfollow/foursquare/seven-oh-sevenhttps://distrokid.com/hyperfollow/foursquare/industry-at-home–21st-anniversary-remix-remasteredhttps://distrokid.com/hyperfollow/foursquare/when-weeks-were-weekends

An 88-year-old forced to work after losing his pension highlights the urgent need for a real retirement income plan. In this episode, Jim Fox shares why relying on luck or outdated strategies isn’t enough—and how a written, personalized plan can help you avoid financial heartbreak. Learn how to balance annuities, CDs, dividend accounts, and market investments to create reliable income, address healthcare costs, and safe guard your family’s future. Discover why honest advice and clear options matter more than sales pitches, and why taking action now can change your retirement story. Ready to connect with Jim today? Get some Financial Straight Talk! Follow us on social media: YouTube | FacebookSee omnystudio.com/listener for privacy information.

Wall Street is pitching “fixed-maturity ETFs” as the perfect solution for retirees who want certainty, income, and peace of mind—but are they actually solving a problem that already has simpler answers? In this episode, Don and Tom break down what bonds and CDs really do, why fixed-maturity funds are being pushed so hard right now, and how fees quietly eat away at the promised benefits. Along the way, they explain the real role of bonds in a portfolio, why chasing yield is a trap, and how diversification and simplicity still beat clever packaging. Listener questions tackle fiduciary responsibility in 401(k) plans, loaded mutual funds, and how much international exposure makes sense in retirement. 0:04 New year opener, time anxiety, and refusing to acknowledge large numbers 1:05 What a bond actually is—and what it guarantees (and doesn't) 1:54 CDs vs. bonds: fixed maturity products that already work 2:37 Why Wall Street suddenly “needs” fixed-maturity ETFs 3:22 BulletShares, yields, and the quiet problem of fund expenses 4:45 Larry Swedroe's blunt answer: skip the fund, buy the bonds 5:24 Yield fixation and how investors ignore cost and complexity 6:05 When fixed-maturity ETFs might make sense—and when they don't 7:14 I-Bonds, TreasuryDirect, and Don's practical reality check 7:48 A simple solution: total bond fund plus a CD ladder 8:28 Why fixed maturity doesn't mean fixed safety 10:09 Expense ratios compared: broad bond funds vs. sliced products 10:35 The real purpose of bonds in a portfolio 12:04 Putting 2022's bond losses in proper historical context 12:58 Eugene Fama on Wall Street “innovation” 13:20 Listener question: fiduciary responsibility in a 401(k) plan 16:30 Listener question: A-shares, B-shares, loads, and advisor honesty 19:14 Why high fund expenses hurt more than exit fees 20:52 Listener question: international exposure in retirement portfolios 22:18 Practical global diversification without precision theater 23:02 Why Don is flexible on allocations—but not on insurance sales 23:22 How to send in questions and closing banter Learn more about your ad choices. Visit megaphone.fm/adchoices

In today's episode, I wanted to talk about a few techniques I have been experimenting with to make custom action figures.  I have, up until now, been using epoxy clay, which you can mold and sculpt until it hardens after about an hour, then sand or file it down until it is the way you want it.  It works great, but it creates a hybrid dried clay - plastic figure that while durable to an extent, is still somewhat brittle.  I have been looking for a way to create an all-plastic figure for the sake of durability (without injection molding). The last few weeks, I have been playing around with a kind of thermoplastic called Instamorph that softens into a moldable putty when heated to 150 degrees F.  While it does cure very fast, it can be heated back up again with a heat gun or a soldering iron and sculpted, just like epoxy clay.  As far as I can tell, it's safe to do this and does not release noxious gasses in the process.  It anneals directly to the plastic of the figure and, when cool, forms a solid piece, a bit like lamination.  It can also be dyed in the soft phase to potentially replace or minimize the need for painting. Speaking of which, I also experimented with applying paint while the plastic is hot, something called plastic annealing, which I think will be especially helpful with joints and other areas of frequent paint rub.There's more on this, plus some visuals, on this video I made.I also talk about some goals for 2026, some of which I talked about last week.  The major areas I want to focus on are:-Music - continuing to learn how to use DAWs to make music electronically-Writing - working on The Thirteenth Hour sequel on a consistent basis-Toymaking - continuing to use techniques like this to find new ways of making different kinds of figures more easily and with a wider range of base figures with less prep work needed-Podcasting - adding creators' corner chats and livestreaming of things adjacent to the podcast, like editing writing or making models Wishing you the best in the new year!∞∞∞∞∞∞∞Once Upon a Dream, the second Thirteenth Hour soundtrack, is now out in digital form and on CD!   It is out on most major streaming services such as Bandcamp, Spotify, and YouTube Music.  (If you have no preference, I recommend Bandcamp since there is a bonus track there and you will eventually be able to find tapes and special editions of the album there as well.)  The CDs are out now!-Check out the pixelart music videos that are out so far from the album:-->Logan's Sunrise Workout: www.youtube.com/watch?v=K7SM1RgsLiM-->Forward: www.youtube.com/watch?v=Z9VgILr1TDc-->Nightsky Stargazing: www.youtube.com/watch?v=2S0p3jKRTBo-->Aurora's Rainy Day Mix: https://youtu.be/zwqPmypBysk∞∞∞∞∞∞∞∞ Signup for the mailing list for a free special edition podcast, a demo copy of The Thirteenth Hour, and access to retro 80s soundtrack!Like what you see or hear? Consider supporting the show over at Thirteenth Hour Arts on Patreon or adding to my virtual tip jar over at Ko-fi. Join the Thirteenth Hour Arts Group over on Facebook, a growing community of creative people.Have this podcast conveniently delivered to you each week on Spotify,  iTunes, Stitcher, Player FM, Tunein, and Googleplay Music.Follow The Thirteenth Hour's Instagram pages: @the13thhr for your random postings on ninjas, martial arts, archery, flips, breakdancing, fantasy art and and @the13thhr.ost for more 80s music, movies, and songs from The Thirteenth Hour books and soundtrack.Listen to Long Ago Not So Far Away, the Thirteenth Hour soundtrack online at: https://joshuablum.bandcamp.com/ or Spotify.  Join the mailing list for a digital free copy.  You can also get it on CD or tape.Website: https://13thhr.wordpress.comBook trailer: http://bit.ly/1VhJhXYInterested in reading and reviewing The Thirteenth Hour for a free book?  Just email me at writejoshuablum@gmail.com for more details!

“Burnout is when you reach a point where there is no mystery in the music making anymore and you're just redoing what you've always done. You're reheating it. Self-exploration should be the goal of every musician. The idea of staying connected to sound through listening and really fantasizing is essential. You have to believe there's magic in the room, and then magic happens. What a gift it is to share music with other people in that room at that time.”GRAMMY-nominated conductor James Jordan is recognized and praised throughout the musical world as one of America's pre-eminent conductors, writers and innovators in choral music. He was described as a “visionary” by The Choral Journal, which cited his book Evoking Sound as a “must read.” His more than 60 books explore both the philosophical and spiritual basis of musicianship, as well as aspects of choral rehearsal teaching and learning. His latest book, The Conductor's Triangle, will be released in January 2026. He served as director of the Westminster Conducting Institute for 12 years and is Director of the Choral Institute at Oxford to be held this summer at Worcester College Oxford. He is also Conductor and Artistic Director of The Same Stream Choir and conductor of The Nexus Choral Artists.  He is founder of The Choral Academy, an online resource offering courses in Pedagogy, Conducting and Private Conducting Study. He has also created The Evoking Sound Virtual Classroom that houses his lectures and teaching as a resource, with contributions by Simon Carrington, Weston Noble and others.James Jordan holds a BM from Susquehanna University, a MM in choral conducting and a Ph.D in the Psychology of Music from Temple University where he was a student of Edwin Gordon. He is a conducting student of the legendary teacher Elaine Brown. He holds several conducting certificates from Chorstudio Wilhelm Ehman earned in St. Moritz, Switzerland. He has attended the Laban Institute of Movement Studies in New York. He was a finalist in the Stokowski Conducting Competition sponsored by The Philadelphia Orchestra.James Jordan's research beginning in 1980 regarding applications of Laban to rhythm pedagogy and conducting are pioneering. His books regarding the Application of Music Learning Theory to the Choral rehearsal have revolutionized choral teaching and Learning. His most recent book on this subject, Intonational Solfege (GIA) presents an approach for teaching Intonation skills to choirs. Dr. Jordan is exclusively published by GIA Publications.  James Jordan has been the major author regarding the application of vocal technique to the choral rehearsal. He was a student of Frauke Haasemann and has continued and advanced her work. He explores connections into voice science in the book, The Anatomy of Tone and most recently in the extensive text, Essentials of the Choral Warm-Up (GIA).Dr. Jordan has recorded over 20 CDs with the Westminster Williamson Voices, The Same Stream, and The Westminster Choir. James Jordan is also one of the hosts of the nationally syndicated radio program Sounds Choral on WWFM.org.Dr. Jordan's career and publications have been devoted to innovative educational changes in the choral art which have been embraced around the world. His residencies, master classes and guest conducting have taken him throughout the United States, Canada, Europe, Australia and China. To get in touch with Jim, you can visit thechoralacademy.com, email him at jevoke@mac.com, or find him on Instagram (@wckonductor) or X (@jevoke).Email choirfampodcast@gmail.com to contact our hosts.Podcast music from Podcast.coPhoto in episode artwork by Trace Hudson

You know that uncomfortable moment when your safe assets aren't paying what they used to? That's when most investors make their biggest mistake—chasing yield right before a market downturn. We're going to show you how life insurance breaks that cycle. The business cycle has a nasty habit of pushing conservative investors into stocks at exactly the wrong time. Interest rates drop, your CDs and bonds pay less, and suddenly risker assets look appealing. Then the market drops and you're stuck watching losses pile up on money that was supposed to be safe. Life insurance products move much slower than the broader market. While your CDs react immediately to rate changes, whole life dividends barely budge. Index universal life insurance stays remarkably stable even during market chaos. This matters even more when you're taking distributions in retirement. The average investor takes 40 months to recover from a 20% market decline—nearly twice as long as the market itself. Having assets that aren't whipped around by economic cycles gives you the power to wait out downturns. We'll walk through how whole life and index universal life insurance acted as hedges during 2008 and other market disruptions. You'll see why these products let you avoid the panic that causes so many investors to lock in losses they didn't need to take. ____________________________ Want to explore how life insurance can hedge your portfolio against business cycle risks? Reach out to us—we'd be happy to discuss strategies that fit your specific situation.

Banshimoku is a 2-piece rock band formed in 2019. Even though they've onlybeen around for six years, they have plenty of music to check out. Join us as we gothrough their CDs, songs, tours, and history!Scripted & QAed by: MilesHosted by: ShannaAudio Edited & Uploaded by: JonathanSupport this podcast at — https://redcircle.com/japan-top-10-ri-ben-nototsupu10-jpop-hits/donationsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Join this channel to get access to perks such as Weekly Zoom Calls & Private Discord!! https://www.youtube.com/channel/UC4BqTVQA1pCwe9QaEPwD3MQ/join Free 30 Day Trial to Go2Lister https://www.go2lister.com/mike I help teach people how to make money selling books on Amazon, leveraging the platform's vast reach and the profitability of reselling used books. How to sell books on Amazon? Selling books on Amazon can be an excellent side hustle or a full-time endeavor, particularly if you enjoy thrifting through places like Goodwill for hidden treasures. How to start selling on Amazon is accessible, and with my guidance on how to sell books, DVDs, CDs, and other media, beginners can quickly learn the ropes. Utilizing Amazon FBA streamlines operations, allowing sellers to focus more on sourcing and less on logistics. As a reselling coach, I provide tutorials and guidance on navigating challenges like ungating and optimizing listings for maximum visibility and sales. Whether you're looking for a part-time side hustle or aiming to become a full-time reseller, I will teach you the ins and outs of thrifting books and selling books online and can pave the way to creating passive income streams and achieving business growth.

These are the songs you loved most in 2025. The votes are in. The stories are written. From powerful folk anthems to driving reels and unforgettable voices, these tracks defined the year in Irish & Celtic music. Welcome to the Top 20 Irish & Celtic Songs and Tunes of 2025 as chosen by fans, fueled by community, and celebrating Celtic culture through music on the Irish & Celtic Music Podcast #740  -  -  Subscribe now! Kinnfolk, Niamh Dunne, Natalie Padilla, Socks in the Frying Pan, Scottish Fish, Kyle Carey, The Drowsy Lads, Heather Dale, Sheridan Rúitín, The Ciderhouse Rebellion with Molly Donnery, The Gothard Sisters, Screaming Orphans, Doolin', Fialla, Jigjam, Eimear Arkins, Austral, Ed Miller, Arise & Go, Willowgreen GET CELTIC MUSIC NEWS IN YOUR INBOX The Celtic Music Magazine is a quick and easy way to plug yourself into more great Celtic culture. Enjoy seven weekly news items with what's happening with Celtic music and culture online. Subscribe now and get 34 Celtic MP3s for Free. VOTE IN THE CELTIC TOP 20 This is our way of finding the best songs and artists each year. You can vote for as many songs and tunes that inspire you in each episode. Your vote helps me create this year's Best Celtic music episode. You have just three weeks to vote this year. Vote Now! You can follow our playlist on YouTube to listen to those top voted tracks as they are added every 2 - 3 weeks. THIS WEEK IN CELTIC MUSIC 0:12 - Kinnfolk "The Triple Crown Set" from Star Above The Mountain 5:10 - WELCOME 10:08 - Niamh Dunne "Ballyneety's Walls" from Portraits 13:27 - Natalie Padilla "Balsamroot" from Montana Wildflower 17:25 - Socks in the Frying Pan "Irelands Struggle" from Waiting for Inspiration 21:47 - Scottish Fish "Annie's" from Currently 26:37 - FEEDBACK 30:35 - Kyle Carey "Nach Muladach, Muladach Duine Leis Fhèin" from The Last Bough 33:32 - The Drowsy Lads "Lost and Found Hooley" from Time Flies 38:56 - Heather Dale "Weaver" from The Green Knight 42:20 - Sheridan Rúitín "Dean McLeod" from Only Savage 45:52 - The Ciderhouse Rebellion with Molly Donnery "Murphy's Running Dog" from A Little Bit Slanted 50:43 - FEEDBACK 53:47 - The Gothard Sisters "Adventurer" from Moment in Time 56:56 - Screaming Orphans "This Is the Life" from Paper Daisies 59:31 - Doolin' "Mary's Jigs" from Doolin' 1:03:56 - Fialla "The Road to Drumleman" from A Rare Thing 1:08:48 - THANKS 1:11:53 - Jigjam "Red Paddy on the Ridge" from Phoenix 1:16:30 - Eimear Arkins "Téir Abhaile Riú (Song)" from Here & There 1:20:03 - Austral "Woodford Nights" from Thylacine 1:26:55 - Ed Miller "The Wide Rio Grand" from Many's The Fine Tale 1:31:26 - Arise & Go "The Dirty Bee: La Grondeuse / Mutt's Favourite / Break Yer Bass Drone / The Dirty Bee" from Meeting Place 1:36:36 - CLOSING 1:38:25 - Willowgreen "Walking on the Waves" from Sheila's Brush 1:42:40 - CREDITS Support for this program comes from International speaker, Joseph Dumond, teaching the ancient roots of the Gaelic people. Learn more about their origins at Sightedmoon.com Support for this program comes from Cascadia Cross Border Law Group, Creating Transparent Borders for more than twenty five years, serving Alaska and the world. Find out more at   www.CascadiaLawAlaska.com Support for this program comes from Hank Woodward. Support for this program comes from Dr. Annie Lorkowski of Centennial Animal Hospital in Corona, California. The Irish & Celtic Music Podcast was produced by Marc Gunn, The Celtfather and our Patrons on Patreon. The show was edited by Mitchell Petersen with Graphics by Miranda Nelson Designs. Visit our website to follow the show. You'll find links to all of the artists played in this episode. Todd Wiley is the editor of the Celtic Music Magazine. Subscribe to get 34 Celtic MP3s for Free. Plus, you'll get 7 weekly news items about what's happening with Celtic music and culture online. Best of all, you will connect with your Celtic heritage. Please tell one friend about this podcast. Word of mouth is the absolute best way to support any creative endeavor. Finally, remember. Clean energy isn't just good for the planet, it's good for your wallet. Solar and wind are now the cheapest power sources in history. But too many politicians would rather protect billionaires than help working families save on their bills. Real change starts when we stop allowing the ultra - rich to write our energy policy and run our government. Let's choose affordable, renewable power. Clean energy means lower costs, more freedom, and a planet that can actually breathe. Promote Celtic culture through music at http://celticmusicpodcast.com/. WELCOME THE IRISH & CELTIC MUSIC PODCAST * Helping you celebrate Celtic culture through music. I am Marc Gunn. I'm a Celtic musician and also host of Pub Songs & Stories. Every song has a story, every episode is a toast to Celtic and folk songwriters. Discover the stories behind the songs from the heart of the Celtic pub scene. This podcast is for fans of all kinds of Celtic music. We are here to build a diverse Celtic community and help the incredible artists who so generously share their music with you. If you hear music you love, please email artists to let them know you heard them on the Irish and Celtic Music Podcast. Musicians depend on your generosity to release new music. So please find a way to support them. Buy a CD, Album Pin, Shirt, Digital Download, or join their community on Patreon. You can find a link to all of the artists in the shownotes, along with show times, when you visit our website at celticmusicpodcast.com. Email follow@bestcelticmusic to learn how to subscribe to the podcast and you will get a free music - only episode. You'll also learn how to get your band played on the podcast. Bands don't need to send in music, and you will get a free eBook called Celtic Musicians Guide to Digital Music. It's 100% free. Again email follow@bestcelticmusic IRISH & CELTIC MUSIC PODFEST Today's show is brought to you by Irish & Celtic Music PodFest. Our first ever festival will feature three Celtic bands, including yours truly, Marc Gunn. It's happening Sunday, March 8, 2026 at The Lost Druid Brewery in Avondale Estates, GA. Follow our event page on Facebook for more details. Or even better, Follow us for Free on our Patreon page. While you're there, you'll also find out about the Kickstarter we're launching for an album of the Best Celtic Music of 2025. And you can find out how You can get involved. ALBUM PINS ARE CHANGING THE WAY WE HEAR CELTIC MUSIC I got an email from Discmakers, my CD manufacturer, saying they were forced to raise their prices because of tariffs by our president. This is a tax on Americans. So if you love CDs, remember that the prices will go up. So please support those higher priced CDs. But there is an option for those who don't want to buy CDs and for those who want a better alternative for the environment. It's the Album Pin. Album Pins are lapel pins themed to a particular album. You get a digital download of the album. Then you can wear your album. All of my latest Album Pins are wood - burned and locally produced. This makes them better for the environment. And they are fun and fashionable. If you want to learn more about Album Pins, you can read more about them on my celtfather.Substack.com or just buy one at magerecords.com THANK YOU PATRONS OF THE PODCAST! Because of generous patrons like you, the Irish & Celtic Music Podcast releases new episodes nearly every single week. Your support doesn't just fund the show—it fuels a movement. It helps us share the magic of Celtic music with thousands of new listeners and grow a global community of music lovers. Your contributions pay for everything behind the scenes: audio engineering, stunning graphics, weekly issues of the Celtic Music Magazine, show promotion, and—most importantly—buying the music we feature from indie Celtic artists. And if you're not yet a patron? You're missing out! Patrons get: Early access to episodes Music - only editions Free MP3 downloads Exclusive stories and artist interviews A vote in the Celtic Top 20 Join us today and help keep the music alive, vibrant, and independent.

Tunes: Rebel's Minuet (Crìsdean & Johanna): Will ye go to Flanders You can hear from several stellar musicians playing at the various sessions in Dunkeld over the Collogue weekend. https://www.facebook.com/crisdean.quest.9 Here are some ways you can support the show: You can support the Podcast by joining the Patreon page at https://www.patreon.com/wetootwaag You can also take a minute to leave a review of the podcast if you listen on Itunes! Tell your piping and history friends about the podcast! Checkout my Merch Store on Bagpipeswag: https://www.bagpipeswag.com/wetootwaag You can also support me by Buying my Albums on Bandcamp: https://jeremykingsbury.bandcamp.com/ You can now buy physical CDs of my albums using this Kunaki link: https://kunaki.com/msales.asp?PublisherId=166528&pp=1 You can just send me an email at wetootwaag@gmail.com letting me know what you thought of the episode! Listener mail keeps me going! Finally I have some other support options here: https://www.wetootwaag.com/support Thanks! Listen on Itunes/Apple Podcasts: https://podcasts.apple.com/us/podcast/wetootwaags-bagpipe-and-history-podcast/id129776677 Listen on Spotify: https://open.spotify.com/show/5QxzqrSm0pu6v8y8pLsv5j?si=QLiG0L1pT1eu7B5_FDmgGA

In this episode, The Annuity Man and Terry Savage discuss:  What is "chicken money"? Considering future crises in your financial plan  Seeking trusted advisors  Building an income floor    Key Takeaways:  Your "chicken money" is money that you can't afford to lose. CDs, treasury bills, money markets, AAA municipal bonds, and MYGAs are suitable options. MYGAs and CDs are great for principal protection and tax deferral benefits. Focus on having an income floor and principal protection in retirement plans.  It's important to consider possible future financial crises and plan for them, regardless of political outcomes. Social Security is a primary source of retirement income.  Seek trusted financial advice from fiduciaries who fully disclose costs and operate on a fee-only basis. See to it personally that you are able to customize your financial plan according to your goals.  Have an income floor to protect yourself against market fluctuations and ensure financial stability. Social Security is a strong foundation for retirement income. Build on it with guaranteed products. Consider both the short-term and the long-term in your financial plan.    "Chicken money, by definition, is money you cannot afford to lose, and as such, it belongs in things like short-term CDs, treasury bills." —  Terry Savage   Connect with Terry Savage: Website: https://www.terrysavage.com/  LinkedIn: https://www.linkedin.com/in/thesavagetruth/  Facebook: https://www.facebook.com/The-Savage-Truth-190870517609983/  New Book Link: https://www.amazon.com/gp/product/1119645441/ref=pe_2313400_441222210_em_1p_0_lm   Connect with The Annuity Man:  Website: http://theannuityman.com/  Email: Stan@TheAnnuityMan.com  Book: Owner's Manuals: https://www.stantheannuityman.com/how-do-annuities-work YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g  Get a Quote Today: https://www.stantheannuityman.com/annuity-calculator!

The “fresh, daring and incisive” (Fanfare) compositions of Amy Williams have been presented by leading international performers, including the Pittsburgh Symphony Orchestra, Buffalo Philharmonic Orchestra, JACK Quartet, Bent Frequency, Ensemble Musikfabrik, Wet Ink, International Contemporary Ensemble, Junction Trio, Orpheus, pianist Ursula Oppens, soprano Tony Arnold, and bassist Robert Black. As a member of the Bugallo-Williams Piano Duo, she has performed throughout Europe and the Americas and recorded six critically-acclaimed CDs for Wergo (works of Nancarrow, Stravinsky, Varèse/Feldman and Kurtág), as well as appearing on the Neos and Albany labels. She is a Professor of Composition at the University of Pittsburgh and Artistic Director of the New Music On The Point Festival in Vermont.On January 8, 2026, Williams will perform Morton Feldman's Triadic Memories for Other Minds at Mills College at Northeastern University in Oakland, California. She joins us to talk about her early impressions of Feldman in Buffalo, New York, his influence on 20th century music, and her upcoming performance in Oakland.Music: Triadic Memories by Morton Feldman, performed by Amy Williams (Alan Wonneberger, engineer); Piece for Four Pianos by Morton Feldman, performed by the Bugallo-Williams Piano Duo (WERGO); Piano and String Quartet by Morton Feldman, performed by Amy Williams and the JACK Quartet (live at Black Mountain College)Follow Amy Williams on Instagram.amywilliamsmusic.comFollow us on Instagram and Facebook.otherminds.orgContact us at otherminds@otherminds.org.The Other Minds Podcast is hosted and edited by Joseph Bohigian. Outro music is “Kings: Atahualpa” by Brian Baumbusch (Other Minds Records).

Support Night Clerk Radio on PatreonIn our last new music episode of 2025, we're checking out some recent albums with a focus on experimental electronic music. First up, we have an evocative journey through supernatural and eerie memories inspired by horror video game OSTs. Then we're diving into the latest from plunderphonics pioneer and veteran Oneohtrix Point Never, an album that offers a lush exploration of 90s commercial sample CDs set against a hazy backdrop of digital nostalgia. Shout OutsThe Signalwave Christmas Special 2025 by The Signalwave Communitynosleep by Various ArtistsChristmas on the Isles from Roge CorpROUTINE on SteamCHRISTMAS VAPORWAVE 2025 | Holiday VaporwaveRoboCop statue Albums DiscussedSecrets in Motion IV: The Ghost Writer by Halogen StarTranquilizer by Oneohtrix Point Never Additional LinksThe Signalwave Christmas Special 2025Oneohtrix Point Never - Tranquilizer (Full Album Visualiser)CreditsMusic by: 2MelloArtwork by: Patsy McDowellNight Clerk Radio on Bluesky

In today's episode, I wanted to continue what I was working on last week, trying to get resin to adhere to a base plastic figure to create an easier way to make custom action figure duplicates.  I will be experimenting with a number of methods to create snap on/ snap off molds to see what works best, but today, I'm using a kind of thermoplastic called Instamorph.  You heat the pellets in water, they become soft and squishy, allowing you to press something into it to make a mold, like I am doing here: https://13thhr.wordpress.com/2025/12/29/the-thirteenth-hour-podcast-542-and-like-a-hood-ornament-87-trying-a-new-technique-by-creating-a-new-rocketeer-figure-part-2-and-2025-reflection/When it cures, Instamorph turns white.  It is also very hard.  That can be a plus and a minus.  I did find that it was really hard to get the mold out since it didn't want to bend.  I really hard to yank on the limbs.  The torso, however, worked really well: The mold was supposed to apply on the Rocketeer's jacket bib with the buttons and a few other details, like the straps for the rocket pack on the sides and shoulders.  The torsos of these figures might be a different kind of plastic since it has different melting properties than the limbs (which I suspect are PVC), but the resin actually adhered just fine.  Getting the resin to release from the mold was difficult, but I wonder if I use some oil or some other kind of mold release, it might a different story.  I have some other mold putties to try in the coming weeks, so if this method ultimately does not work, perhaps other will.  I am also wondering if this kind of plastic can be used in place of epoxy clay.  It dries hard but could be shaped with heat ... something to think about.This project will continue into 2026, but 2025 has been a pretty good year.  I'll talk about this more next week, in the first episode of the new year, but some of the things that happened this year were:-great guests and new friends-the release of Once Upon a Dream on tape, CD, and digital streaming after many years-a fair bit of progress on The Thirteenth Hour sequel (about 70 pages)-episode 500 last March-started to learn how to use a DAW as another way to make music-Wrapping up the reading of The Rocketeer movie novelization (started 10/14/24, ended 7/7/25)Looking forward to seeing what we can do in 2026!  See you in the new year!∞∞∞∞∞∞∞Once Upon a Dream, the second Thirteenth Hour soundtrack, is now out in digital form and on CD!   It is out on most major streaming services such as Bandcamp, Spotify, and YouTube Music.  (If you have no preference, I recommend Bandcamp since there is a bonus track there and you will eventually be able to find tapes and special editions of the album there as well.)  The CDs are out now!-Check out the pixelart music videos that are out so far from the album:-->Logan's Sunrise Workout: www.youtube.com/watch?v=K7SM1RgsLiM-->Forward: www.youtube.com/watch?v=Z9VgILr1TDc-->Nightsky Stargazing: www.youtube.com/watch?v=2S0p3jKRTBo-->Aurora's Rainy Day Mix: https://youtu.be/zwqPmypBysk∞∞∞∞∞∞∞∞ Signup for the mailing list for a free special edition podcast, a demo copy of The Thirteenth Hour, and access to retro 80s soundtrack!Like what you see or hear? Consider supporting the show over at Thirteenth Hour Arts on Patreon or adding to my virtual tip jar over at Ko-fi. Join the Thirteenth Hour Arts Group over on Facebook, a growing community of creative people.Have this podcast conveniently delivered to you each week on Spotify,  iTunes, Stitcher, Player FM, Tunein, and Googleplay Music.Listen to Long Ago Not So Far Away, the Thirteenth Hour soundtrack online at: https://joshuablum.bandcamp.com/ or Spotify.  Join the mailing list for a digital free copy.  You can also get it on CD or tape.Website: https://13thhr.wordpress.com

Join this channel to get access to perks such as Weekly Zoom Calls & Private Discord!! https://www.youtube.com/channel/UC4BqTVQA1pCwe9QaEPwD3MQ/joinFree 30 Day Trial to Go2Lister https://www.go2lister.com/mike I help teach people how to make money selling books on Amazon, leveraging the platform's vast reach and the profitability of reselling used books. How to sell books on Amazon? Selling books on Amazon can be an excellent side hustle or a full-time endeavor, particularly if you enjoy thrifting through places like Goodwill for hidden treasures. How to start selling on Amazon is accessible, and with my guidance on how to sell books, DVDs, CDs, and other media, beginners can quickly learn the ropes. Utilizing Amazon FBA streamlines operations, allowing sellers to focus more on sourcing and less on logistics. As a reselling coach, I provide tutorials and guidance on navigating challenges like ungating and optimizing listings for maximum visibility and sales. Whether you're looking for a part-time side hustle or aiming to become a full-time reseller, I will teach you the ins and outs of thrifting books and selling books online and can pave the way to creating passive income streams and achieving business growth.

[O Observador está a republicar os três episódios mais ouvidos do ano em cada podcast. Este é de 6 de julho de 2025.] A discussão sobre as refeições do Conselho de Ministros. A ameaça de tareia a um magistrado. Spínola: os berros, os pontapés debaixo da mesa, as indecisões e o passaporte com o nome do Patriarca. Vasco Gonçalves: “Um bem-intencionado, um pouco avariado da cabeça”. A manifestação da maioria silenciosa e o 11 de março. A guerra com o CDS e a lista secreta dos depositantes de um banco para financiarem o Partido da Democracia Cristã. A prisão na mesma cela que dois diretores da PIDE. E a fuga para Espanha disfarçado com uma capa e cabelo pintado. Segunda parte da conversa com o coronel Sanches Osório.See omnystudio.com/listener for privacy information.

High-yield savings rates have dipped slightly since early spring, but they remain strong enough that choosing the right account right now can still be a wise move. After several quarter-point interest rate cuts by the Federal Reserve, savings yields have eased—but not disappeared. In fact, many online banks continue to offer returns well above those of most brick-and-mortar institutions.Understanding what's happening—and how to respond—can help you steward your cash with wisdom and confidence.Why Savings Still Matter in Your Financial PlanSavings and investments play very different roles. A savings account is designed for money that must remain safe, accessible, and dependable—your emergency fund, short-term needs, and dollars you'll rely on in the next few years.Savings won't deliver investment-level growth, but the interest they earn still matters. Every bit of growth helps preserve purchasing power and strengthens your financial footing over time.Over the past few years, inflation rose well above the Federal Reserve's 2% target. In response, the Fed raised short-term interest rates aggressively. As rates climbed, savings yields—especially at online banks—rose alongside them.Earlier this year, many high-yield savings accounts were paying between 4.75% and 5%, sometimes more. That gave savers an unusual opportunity to earn meaningful interest on cash that would otherwise sit idle.Since then, inflation has cooled, and the Fed has begun cutting rates. Those reductions have nudged savings yields lower, but today's rates are still historically strong—and far more generous than what traditional banks typically offer.Why Timing Still Works in Your FavorBanks rarely adjust savings rates immediately after a Fed announcement. Often, there's a window—sometimes several weeks—when higher yields remain available before they gradually drift downward.That lag creates an opportunity. While savings accounts aren't “locked in” like CDs, moving your money into a competitive high-yield account now allows you to benefit as rates slowly settle. Banks tend to move cautiously, often watching one another before making changes, which gives savers time to act.For many families, knowing their savings are earning a solid return brings peace of mind—whether preparing for an unexpected expense or setting aside resources for opportunities God may bring.Where High-Yield Savings Fit BestA strong savings strategy usually includes three key priorities:1. Your emergency fund. Keep three to six months of expenses in a high-yield savings account. The stronger the yield, the faster that cushion grows—without taking on risk or debt.2. Short- and mid-term goals. Money you'll need in the next two to five years—such as a down payment, major repair, or planned purchase—should stay protected from market volatility. High-yield savings accounts offer both safety and reasonable earnings.3. Regular comparison. Some traditional banks still pay as little as 0.01%—essentially nothing—while online banks often offer rates dozens of times higher. Comparing what you're earning with what's available elsewhere can make a meaningful difference.Exploring Your Options WiselyComparison sites like Bankrate and NerdWallet can help you evaluate current rates while also considering reliability, customer experience, and safety ratings.Money market accounts are another solid option, often offering competitive yields with added flexibility, such as check-writing privileges. Just be mindful of minimum balance requirements.Don't overlook credit unions either. As not-for-profit institutions, they often return earnings to members through stronger rates and lower fees. One example is AdelFi Christian Banking, a credit union that combines competitive yields with support for Gospel-centered ministry worldwide.You can learn more at FaithFi.com/Banking.Stewardship Is About Faithful ConsistencyChoosing where to place your savings isn't simply about chasing the highest return. It's about managing God's resources with intention and care. Saving consistently—month after month, year after year—is quiet, faithful work.A wise savings vehicle supports that journey, helping your money work a little harder while you walk forward with clarity, confidence, and trust in the Lord's provision.On Today's Program, Rob Answers Listener Questions:I'm 70 and retired, with a steady monthly income. I need a car costing about $20,000, and I still owe $27,000 on my mortgage. I'd prefer not to carry two payments—should I pay off the mortgage or buy the car, and where should the money come from?I want long-term protection through investing in gold. What's the best way to do that today?I'm retired and have about $1 million invested with Edward Jones. They're moving me to a 1.2% annual fee on my entire portfolio instead of transaction-based fees. I agreed, but I now wonder whether the fee is warranted. Is this a wise move?Resources Mentioned:Faithful Steward: FaithFi's Quarterly Magazine (Become a FaithFi Partner)Bankrate | NerdWalletAdelFi Christian BankingWisdom Over Wealth: 12 Lessons from Ecclesiastes on MoneyLook At The Sparrows: A 21-Day Devotional on Financial Fear and AnxietyRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA)FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God's resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Celtic Christmas is here. Carols, reels, and winter warmth from Belfast to Pittsburgh. Turn it up and deck the halls...Celtic style. Do you need a soundtrack for lights, baking, or a snowy drive? This week's Irish & Celtic Music Podcast is packed with festive favorites and fresh Celtic Christmas cheer. The Gothard Sisters, Kinnfolk, Irish Christmas in America, Ritchie Remo, The Chivalrous Crickets, Boston Blackthorne, The Shamrocks, The Rogues, Terry McDade & The McDades, Plunk Murray, Kathleen MacInnes, The Irish Rovers, Celtic Woman, Sean Griffin, Seán Heely On the Irish & Celtic Music Podcast #739  -  -  Subscribe now! GET CELTIC MUSIC NEWS IN YOUR INBOX The Celtic Music Magazine is a quick and easy way to plug yourself into more great Celtic culture. Enjoy seven weekly news items with what's happening with Celtic music and culture online. Subscribe now and get 34 Celtic MP3s for Free. VOTE IN THE CELTIC TOP 20 FOR 2025 This is our way of finding the best songs and artists each year. You can vote for as many songs and tunes that inspire you in each episode. Your vote helps me create this year's Best Celtic music of 2025 episode. You have until December 4 to vote for this episode. Vote Now! You can follow our playlist on YouTube to listen to those top voted tracks as they are added every 2 - 3 weeks. THIS WEEK IN CELTIC MUSIC 0:13 - The Gothard Sisters "Here We Come a Caroling" from A Celtic Christmas 3:27 - WELCOME 6:12 - Kinnfolk "A Wintertime Feast" from A Wintertime Feast 10:58 - Irish Christmas in America "Set Dances_Single Jig  -  An Suisin Ban, The Hunt, Clancy's" from A Long Way From Home 15:42 - Ritchie Remo "Christmas Family" from Home For Christmas 18:52 - The Chivalrous Crickets "Carol Set  -  Sussex Carol / Bring a Torch Isabella / In dulci jubilo / Ding Dong Merrily on High" from A Chivalrous Christmas 24:23 - FEEDBACK 28:41 - Boston Blackthorne "Christmas in Pittsburgh 1943" from A Celtic Christmas 33:37 - The Shamrocks "Christmas in Belfast" from Single 36:56 - The Rogues "God Rest Ye Merry Gentlemen" from Hellbound Sleigh 38:13 - Terry McDade & The McDades "Maybe This Christmas" from Winter Rose 40:44 - THANK YOU 42:59 - Plunk Murray "I Saw Three Ships" from Christmas in the Pub 45:52 - Kathleen MacInnes "Santa Take Me Home" from Single 48:48 - The Irish Rovers "Bells Over Belfast" from An Irish Christmas 51:54 - Celtic Woman, Sean Griffin "I'm in Love for Christmas" from Nollaig – A Christmas Journey 55:34 - CLOSING 57:17 - Seán Heely "Silent Night" from So Merry as We Have Been 1:02:15 - CREDITS Support for this program comes from Hank Woodward. Support for this program comes from Dr. Annie Lorkowski of Centennial Animal Hospital in Corona, California. Support for this program comes from International speaker, Joseph Dumond, teaching the ancient roots of the Gaelic people. Learn more about their origins at Sightedmoon.com Support for this program comes from Cascadia Cross Border Law Group, Creating Transparent Borders for more than twenty five years, serving Alaska and the world. Find out more at   www.CascadiaLawAlaska.com The Irish & Celtic Music Podcast was produced by Marc Gunn, The Celtfather and our Patrons on Patreon. The show was edited by Mitchell Petersen with Graphics by Miranda Nelson Designs. Visit our website to follow the show. You'll find links to all of the artists played in this episode. Todd Wiley is the editor of the Celtic Music Magazine. Subscribe to get 34 Celtic MP3s for Free. Plus, you'll get 7 weekly news items about what's happening with Celtic music and culture online. Best of all, you will connect with your Celtic heritage. Please tell one friend about this podcast. Word of mouth is the absolute best way to support any creative endeavor. Finally, as we celebrate Celtic Christmas, remember this: caring for the earth is part of the old traditions. It's stewardship. It's community. Clean energy isn't just good for the planet. It's a gift to our families and our neighbors. Solar and wind are now the cheapest power sources in history, yet too many politicians would rather toast billionaires by the fire than help working families keep their homes warm and their bills low. Real change begins when we stop letting the ultra - rich write our energy policy and run our government. Choose affordable, renewable power. Clean energy means lower costs, greater freedom, and a world that can still sing for future generations. Promote Celtic culture through music at http://celticmusicpodcast.com/. WELCOME THE IRISH & CELTIC MUSIC PODCAST * Helping you celebrate Celtic culture through music. I am Marc Gunn. I'm a Celtic musician and also host of Pub Songs & Stories. Every song has a story, every episode is a toast to Celtic and folk songwriters. Discover the stories behind the songs from the heart of the Celtic pub scene. This podcast is for fans of all kinds of Celtic music. We are here to build a diverse Celtic community and help the incredible artists who so generously share their music with you. If you hear music you love, please email artists to let them know you heard them on the Irish and Celtic Music Podcast. Musicians depend on your generosity to release new music. So please find a way to support them. Buy a CD, Album Pin, Shirt, Digital Download, or join their community on Patreon. You can find a link to all of the artists in the shownotes, along with show times, when you visit our website at celticmusicpodcast.com. Email follow@bestcelticmusic to learn how to subscribe to the podcast and you will get a free music - only episode. You'll also learn how to get your band played on the podcast. Bands don't need to send in music, and you will get a free eBook called Celtic Musicians Guide to Digital Music. It's 100% free. Again email follow@bestcelticmusic WANT MORE CELTIC CHRISTMAS MUSIC? I host multiple podcasts, but the other big show of the year is Celtic Christmas Music. It's a free podcast highlighting Christmas music by Celtic musicians. The show is nearly as old as this podcast. You can enjoy 6 new episodes every year, all supported by folks like you. In fact, head on over to the Celtic Christmas Music Patreon page so you can listen to the show for free and follow it as well. IRISH & CELTIC MUSIC PODFEST Today's show is brought to you by Irish & Celtic Music PodFest. Our first ever festival will feature three Celtic bands, including yours truly, Marc Gunn. It's happening Sunday, March 8, 2026 at The Lost Druid Brewery in Avondale Estates, GA. Follow our event page on Facebook for more details. Or even better, Follow us for Free on our Patreon page. While you're there, you'll also find out about the Kickstarter we're launching for an album of the Best Celtic Music of 2025. And you can find out how You can get involved. ALBUM PINS ARE CHANGING THE WAY WE HEAR CELTIC MUSIC I got an email from Discmakers, my CD manufacturer, saying they were forced to raise their prices because of tariffs by our president. This is a tax on Americans. So if you love CDs, remember that the prices will go up. So please support those higher priced CDs. But there is an option for those who don't want to buy CDs and for those who want a better alternative for the environment. It's the Album Pin. Album Pins are lapel pins themed to a particular album. You get a digital download of the album. Then you can wear your album. All of my latest Album Pins are wood - burned and locally produced. This makes them better for the environment. And they are fun and fashionable. If you want to learn more about Album Pins, you can read more about them on my celtfather.Substack.com or just buy one at magerecords.com THANK YOU PATRONS OF THE PODCAST! Because of generous patrons like you, the Irish & Celtic Music Podcast releases new episodes nearly every single week. Your support doesn't just fund the show—it fuels a movement. It helps us share the magic of Celtic music with thousands of new listeners and grow a global community of music lovers. Your contributions pay for everything behind the scenes: audio engineering, stunning graphics, weekly issues of the Celtic Music Magazine, show promotion, and—most importantly—buying the music we feature from indie Celtic artists. And if you're not yet a patron? You're missing out! Patrons get: Early access to episodes Music - only editions Free MP3 downloads Exclusive stories and artist interviews A vote in the Celtic Top 20 Join us today and help keep the music alive, vibrant, and independent.

This week on the show, comedy never takes a holiday. Jackie does a gig so tired she is fighting her own mouth on stage to get the jokes out. Laurie is a-paul-d by the money people make from fighting influencers. There is also some discussion of which characters from Hogan's Heroes can get it. Plus, Laurie would like to remind everyone that no one listenes to CDs, not even you... Subscribe to the podcast, and give it a 5-star rating and review to help the show move up the charts. Video for the episodes is on The Jackie and Laurie YouTube channel! Comic of the Week: Athena Kugblenu @athenakugblenu Become a MaxFun Member for benefits and other great pods:https://href.li/?https://maximumfun.org/donate Join our Patreon: https://www.patreon.com/JackieandLaurie Watch the episodes and subscribe here: https://www.youtube.com/@Jackie_Kashian See Laurie on tour: https://lauriekilmartin.com/tour-dates See Jackie on tour: https://jackiekashian.com/tour-dates Watch 'Lauries special “Cis Woke Grief ”Slut on YouTube:https://bit.ly/3zWwgPA Watch Laurie's special “Cis Woke Grief ”Slut on Amazon Prime: https://amzn.to/3NpHlMo Watch 'Jackies special “Looking Back” on YouTube: https://www.youtube.com/watch?v=0ZfwWvgMT70 Follow Laurie on social media: @anylaurie16 Follow Jackie on social media: @jackiekashian Recorded and Produced by Kyle Clark : @kyleclarkisrad  Become a member at maximumfun.org/join.

Remember when we used to burn CDs?A lot of music made it around the world without being properly published in those early days of file sharing. So the “Lostwave community” steps in to hunt down the origins of unidentified music. In this case, music that was made in Boston and heard in Seattle required the help of a data geek in the Middle East to figure out that the originator lives right here among us in Nashville.  This is a production of Nashville Public Radio. Host/producer: Blake Farmer Editor: Tony Gonzalez 

In this holiday Friday Q&A, Don opens with a festive announcement about Season's Readings—now Apple-featured and temporarily commercial-free—before diving into listener questions on fixed annuities versus CDs, a creative (and complex) 529-to-Roth strategy tied to Georgia tax deductions, simplifying IRA management and RMDs at Schwab or Vanguard, the unavoidable tax traps of old investment clubs structured as partnerships, and the perennial question of how much U.S. large-cap exposure belongs in a diversified equity portfolio. Along the way, Don reinforces core themes: simplicity beats complexity, costs matter, taxes are inevitable, and diversification has no single “correct” allocation—only trade-offs aligned with philosophy and discipline. 0:04 Holiday welcome, Friday Q&A format, and how to submit questions 0:46 Season's Readings podcast announcement, Apple feature, and commercial-free holiday run 2:16 Fixed annuities vs CDs: safety, state guarantees, and annuity ladders 5:29 Using 529 plans as a long-term Roth pipeline with state tax deductions (Georgia example) 9:29 Moving an IRA to Schwab or Vanguard and automating RMDs 10:20 Investment clubs as partnerships: K-1s, capital gains, and tax inevitability 14:47 How much U.S. large-cap belongs in a diversified stock portfolio 18:54 Reviews, critics, Bitcoin pushback, and holiday sign-off Learn more about your ad choices. Visit megaphone.fm/adchoices

GGACP celebrates the 2025 holiday season by revisiting this short but sweet mini-episode from 2018, as Gilbert gleefully opens Christmas gifts from worshipping fans — including coffee table (!) books, collectible magazines, homemade holiday CDs, hand-drawn greeting cards and other goodies. Also in this episode: Chick Tracts presents “The Death Cookie,” the music of the Johnny Gregory Orchestra, Gilbert warbles the Chock Full O' Nuts jingle and the first mention of future staffer-funster Michele Mantynen! PLUS: Rondo Hatton! Blind Lemon Raybone! “Boris Karloff's Tales of Mystery”! And “The Gilbert Gottfried Munchausen by Proxy Telethon”! Learn more about your ad choices. Visit megaphone.fm/adchoices