Podcasts about Class B

Keith digs into what's really going on with apartments now that values in many markets have dropped 20–40%. You'll hear why larger multifamily properties have been hit so much harder than one-to-four unit rentals, and what that means for both current owners and new buyers. "The Apartment King," Brad Sumrok, joins the conversation to share how recent economic shifts, financing structures, and market forces have reshaped the apartment landscape—and why he believes we may be near a key turning point in the cycle. You'll also learn how investors are approaching deals differently today, what makes certain markets and property types more attractive right now.  Resources: Learn more about Brad here. Episode Page: GetRichEducation.com/594 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  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 us. Apartment Building values have fallen 2030, even, 40% over the past few years. Investors lost millions. What are all the reasons that it happened? And when will apartments turn around? I'm joined by the apartment king today on get rich education.   Corey Coates  0:26   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   Keith Weinhold  1:09   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 prequel 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 you   Corey Coates  1:40   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  1:59   Welcome to GRE from Monterrey, California to Monterrey, Mexico and across 188 nations worldwide. America's favorite shaved mammal on a microphone has got his slack. John, act back on track for another wealth building week with you. I'm Keith Weinhold. This is get rich education, and I'm still not wearing a pair of Dockers. We all know that the one to four unit space single family homes, up to four plexes have held under their values despite soured affordability, but five plus unit apartment buildings are a drastically different story. We're going to talk about just how much value they've lost recently, and the reasons why it's about more than just the interest rates doubling and tripling that began in 2022 Today's guest is an apartment educator. His students have had both losses and wins over time. I'll ask about both, because adversity is where you get the lessons now today, you might buy an apartment building at a steep discount compared to what it sold for five years ago. And who might you buy an apartment from today, it might not be the type of seller that you're thinking about because of owners defaulting you might now be buying it from a bank that had to basically repossess it. Yeah, you might try to buy it from a lender at 60% of the loan amount. Well, a lender doesn't want to do a 40% write down, so they're going to try to get more and see. That's how this could practically look today for an apartment owner that survived the crisis and is still standing today. They're asking themselves, now, why would I sell at a discount if I don't have to? So they're probably going to try to hold on. And then, of course, the tenants in these apartments don't know that any of this is going on now. I own a lot of single family rental homes myself, also apartment buildings in the one to one and a half million dollar range is where I've played, and often that ends up being eight to 12 units, because in that space, I don't need partners to invest in assets of that size. One to $2 million is also small enough so that you're not competing with institutional money and other players. Today, I'll tell you what I did with some of those buildings myself when interest rates reset about four years ago, and before you and I wrap up the show today, I've got something to tell you about what's coming in future. GRE episodes here stuff that's really unexpected as the apartment King waits in the wings. One last thing to tell you about, like I mentioned to you recently, investors say that they want an opportunity, but what they really want is certainty. Once certainty arrives, the opportunity. Is gone.    Keith Weinhold  5:01   Our GRE live event last Thursday was a success. It is about how central Florida is the most compelling housing market right now, with the builder offering rate buy downs as low as 3.75% and, you know, I just ran the numbers on something, and I can hardly believe this. All right, right. Now owner occupied mortgage rates are near 6% this means investment property rates are almost 7% with the rate by down to 4% here's how your cash flow looks with a 30 year fixed rate mortgage on a 300k loan with a 7% rate, your p and i payment is 1996 at a 4% rate. It's just 1432, this is a reduction of $564 per month, a whopping payment difference. That's really the difference between treading water and stacking cash flow on these brand new build properties that we're talking about here in Central Florida. So talking about opportunity and certainty, that is a big measure of both. Yeah, before I ran the numbers, I didn't realize that the spread was this wide. With high demand for these properties, the builder does have some more available, a long term fixed rate of around 4% it should be up for you now you can see the limited time replay of GRE, freshest live event at grewebinars.com, in case you want to look into This again, grewebinars.com let's discuss the apartment market. Foreign apartment building values have fallen at 20% 30% even 40% over the past few years, depending on the market that they're in today, we're going to learn how bad it is, why it happened, and if that actually creates an opportunity here in the late 2020s, decade, our guest is known as the apartment king. He is the number one nationally known educator and mentor for apartment investing. He started with a bang in 2002 by making his first ever real estate investment, not a four Plex like I did, but a 32 unit apartment building, and he's now owned and invested in over 11,000 units and over 1 billion in assets under management. He's received awards like the naa independent owner of the year, and he's the star of the massively popular in person events that he puts on, which you'll learn about soon. Hey, it's been several years. Welcome back to the show. Brad sumrock,   Brad Sumrok  7:46   hey, Keith. It's really good to be on again. Nice to be here.   Keith Weinhold  7:50   Brad and I were together in person last month, and we also talked physical fitness. Then Brad is one of the fittest guys you'll ever meet in person. He just looks fantastic. We want to hear about your apartment forecast shortly. Brad, let's talk about the hard stuff. First, you've endured adversity since we last had you here several years ago. Tell us about that.   Brad Sumrok  8:14    Well, look, I mean, I think anyone that's been serious about investing in apartments over the last five years. And I'll also say it this way, anyone who did a deal and say 21 the middle of 21 till probably the end of 2022 it's very likely that that property is worth less today than than it was when we bought it. So that, in itself, has created, you know, adversity, because I got into the business in 2002 and the market went up until 2008 and we went through a downturn in 2008 nine and 10, as is, I'm sure you're aware. And then the market went up again until around 2021, mid year. And then, due to so many reasons, and I could go into those reasons, but let me just just cut to the chase. That you alluded to is we had another downturn, and so the downturn, you know, impacts property values, it impacts confidence, it impacts investor appetite to do deals. It impacts just about everything related to the business, on the investment side, and the other business that I'm in, which is the seminars, the events and the mentoring. So it's been a big downturn, and we could go into those, you know, into the reasons why, and I'm sure you'd like to know my take on that. But now is a great time, because things are recovering, and one of the things Tony Robbins teaches Keith is pattern recognition. It's like I've been through two downturns, and I could see the patterns, and it occurs to me that we're at or near the bottom of a cycle. So like it's also a good time to be gearing up.   Keith Weinhold  9:50   Now, many realize but for those uninitiated on this, the one to four unit space really didn't feel much pain starting in 2022 so much of that is time. Two people get long term fixed interest rate debt on the one to four unit property, but it's shorter term debt on five plus unit apartment buildings. So when interest rates went up, people soon had to pay those higher rates. They were underwater. That's really the genesis of so much of the apartment building pain.   Brad Sumrok  10:19   Well, and I would say, look, it was, I'm going to throw a bunch of things at you here. So we had the pandemic, right? And during the pandemic, people got paid to stay home from work, right? The government printed, what, $5 trillion worth of money, right? And so that kicked off what became a period of, like, very high inflation. And you know, the published number was 9% but I think a lot of people experience certain items that were a lot more than 9% like, for example, for sure, in 2022 when we bought a 286 unit property, you know, we were able to replace all the appliances inside of a unit in The kitchen, you know, for $1,800 and even today it's like $3,200 so that's a little bit more than 9% and so we had that. So we had the printing of money, we had inflation, we had variable rate debt. Why did people do variable rate debt? The first thing I'll say is there is a place for variable rate debt. But what happened in 2021 and 2022 is the fixed rate lenders, which are typically the government sponsored agencies Fannie and Freddie. They were still lending money, but because of their criteria for lending, if you would go with one of those loans, you would get like 50% leverage the shorter term lenders that would give you the three year loans, you can still get like 75 to 80% leverage. So the vast amount of people that were buying anything in 2021 and 2022 I mean, I'm not just talking about myself. I'm talking about people with 2030, 4050, 70,000 doors all over the country, they were buying with short term debt. And historically, short term debt performs at or better than long term debt. I mean, think about it, when you get a long term, 10 year fixed rate loan and multifamily you have prepayment penalties. You know, when the market's constantly going up like it did, from 2012 to 2022 you could get that fixed term loan. You could pay it off early, you could pay the seven figure prepayment penalty, and you could still make lots and lots of money, and that's what people were doing. So when you bake in the prepayment penalties on long term debt, you know short term debt is oftentimes the better option. Well, nobody saw the Fed raising rate 16 times in 12 months. And look, I don't care what anybody says, Nobody predicted it. If they had predicted it, they would be probably the richest person in the world right now, right nobody saw a comment like, there may have been some people that said, hey, yeah, this is going to happen, or this is going to happen. But what actually happened with the Fed rates over a very short period of time was unprecedented. Unprecedented means it never happened before. So it's not something you could anticipate or something anyone can model. Okay? And so what that did is most of us had what's called an interest rate cap, which is an insurance policy that if the rates go up too much, that yours is capped. But the problem with those rate caps is they're only good for like, two years, right? So we're buying these deals in 2021 and we're getting short term debt, which is a three year debt. And in two years, in 2023 the rate cap expires, and now the rates are 9% instead of 3% and when we bought the deal, the rate cap insurance was $40,000 and now it's a million dollars. And so you're in a very awkward, unfriendly financial situation. And it wasn't just that. So it wasn't just inflation, it wasn't just interest rates. And many of us sung belt markets, specifically Texas and Florida, which historically have been some of the best markets to invest in, because of migration and no taxes, and then landlord and business friendly environments. Well, these states also suffered a lot of named storms, with, you know, hurricanes and wind storms and hail storms and so in these markets, at the same time, we had rising rates. At the same time, we had massive inflation. Now we also have insurance rates doubling or even tripling in some occasions. And then the final thing was, during the pandemic, a lot of the multifamily projects that were in the middle of being built, these development projects, they all slowed down. People couldn't work. And so back in 2020, or after we're fully recovered from the pandemic, some of these markets, like Nashville and Austin and Dallas and Houston and Phoenix, they got deluged Keith with new supply coming on, like a disproportionate amount of new supply. So there's like five. Five things that contributed to multifamily being really tough in the last few years. And so it wasn't just people with short term debt that had challenges. It was probably just about anybody that bought a deal within an 18 month timeframe that I outlined before that just really experienced challenges, and some of those people are still in deals, right? And so let's just take a deal that's, you know, a $10 million deal with a $7 million loan. Well, that deal right now might be only worth 7 million, yeah, and that's the opportunity. So the owner that has that deal may get punched in the face, so to speak, you know, by the market, and they may lose their equity in that deal, but the borrower coming in, or the buyer coming in, like one of my mentees right now, had a deal that was listed at 11 million, and he's picking it up for seven, which is, like, at or below the current loan value. So one buyer group's loss is the new buyer group's opportunity, if that makes sense   Keith Weinhold  16:03    right? 100% there's nothing unusual at all about the mortgage rate levels that began to go higher about four years ago. The unusual part, and Brad has touched on it, is the rate of increase, with mortgage rates doubling or tripling in a short period of time, within about a year or so, but yeah, it's a great point. It's about more than the mortgage rates. It's about increasing insurance costs and increasing expenses of all types, like you talked about with the appliances there, and then, even if you were able to weather all that as an apartment building owner, with all of the supply coming on to the market, when supply exceeds demand, we know what happens to price, and we also know that you can't raise rents very much with all of this supply coming on the market, but the supply of new apartment buildings, that inflow, that wave, is beginning to die down, because builders got the memo quite a while ago that they need to stop building at such a fast pace in places like Florida and Texas and you know, Brad, there are a lot of asset classes that have been beaten up lately. We can always point to a few. You can look at Bitcoin or nfts or even commercial office space. Now those assets might bounce back, but they don't have to, because no human needs those things. But I expect apartments to bounce back because having a place to live is a primordial Maslow and human need. It's almost inevitable. In fact, shelter is at the base of Maslow's hierarchy of needs. So a bounce back has almost got to happen. Yeah.   Brad Sumrok  17:46   Look, it's becoming the big word right now in politics. Right is affordability. And so when you look at affordability, if you take a median priced home in this country of say, $400,000 I don't know if that's the actual median, but maybe it's around 400 420,000 100, $420,000 yes, to buy that home. And who's going to buy a $420,000 home? It's going to be a working class family making 60 to 70,000 a year, right? They could rent a median priced apartment unit for $1,800 a month, or they could pay a 20% or a 10% down payment on a $400,000 homes, and they need 40 to 80,000 down right, or maybe less, but they still need a down payment and that p i, t i, the principal, interest, tax and insurance is going to be around $3,100 okay, so there's a $1,300 per month gap, and that's a big, big gap for that working class family. And so where are they going to live? Like we're becoming more and more of a renter nation? Keith, and the statistics that I read say that only 27% of American families can even qualify to get a mortgage, yeah, on a $400,000 home. So we're becoming more and more and more of a nation of renters by necessity. And so the demographics like look, all markets are not equal. You got to know what's going on in your market. But there are markets, ie locations, geographies that have even a higher affordability gap. You know, some markets have a 2000 a month or a $2,500 a month affordability gap. So you're going to find more and more people renting in these markets.   Keith Weinhold  19:37   Yes, there is a premium to ownership opening up that gap, and that's why we have this wave of renters that's really already begun. In about the last year, the American homeownership rate has fallen from 66% to 65% 1% doesn't sound like much, but that already means that we have 1.3 million new renters. We're going to talk to Brad some more, including about. His apartment market forecast you're listening to get rich education. Our guest is apartment King. Brad sumrock, more when we come back, I'm your host. Keith Weinhold,    Keith Weinhold  20:09   flock homes helps you retire from real estate and landlording, whether it's one problem property or your whole portfolio through a 721 exchange, deferring your capital gains tax and depreciation recapture. It's a strategy long used by the ultra wealthy. Now Mom and Pop landlords can 721, the residential real estate request your initial valuation, see if your properties qualify@flockhomes.com slash GRE. That's f, l, O, C, K, homes.com/gre,   Keith Weinhold  20:45   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,   Hal Elrod  21:58   this is Hal Elrod, author of The Miracle Morning, and listen to get rich education with Keith Weinhold, and don't quit your Daydream.   Keith Weinhold  22:13   Welcome back to get rich Education. I'm your host, Keith Weinhold. We're talking about a sector we have not talked about very much lately because it's been in rather moribund condition, but we are beginning to turn the corner where there are more opportunities in apartment building investing, because it's been beaten down an awful lot. And Brad, that plays right in to your apartment forecast. So tell us about some of the highlights of your apartment forecast.   Brad Sumrok  22:38   Yeah, sure. And one of the things that I want to share with you, Keith, is that, you know, back in the peak of the market, the market peaked, say, at the end of 21 early 22 there were so many investors that were in multifamily or that wanted to be in multifamily. And the other thing that caused this so called, you know, downturn that I didn't mention before is, let's take this $10 million deal. If a property was listed at $10 million you'd literally have 30 to 40 buyer groups pursuing that deal, bidding up the price. Yeah. And so a $10 million Listing would sell for 11 and a half million Okay, now what I'm seeing is that same $10 million deal might sell for a seven to 8 million and you might be the only buyer going after the deal. Wow. And how do I know? Because you said, like, I run a an investor community and and I have active multifamily buyers, and I coach them, and I look at their deals, and this is what's happening. And the other reason I know is I sold two of my deals personally in 2025 and both of the deals that I sold, I bought in 2015 where we had 10 year fixed rate debt. So we didn't sell because we had a three year loan. We needed to sell because we had a 10 year loan due. And look, first thing I'll say is I made money, because over that 10 year period, values did go up. They peaked in 2022 and they came back down that because I bought it so long ago. That's the one lesson that I think people also want to understand, is over the long term, the values always tend to go up, but there are short term ups and downs that one would need to be aware of. But when I sold these two deals like I didn't have many buyers one deal in particular. I mean, I had eight buyers going after the deal, but only one was anywhere close to what I wanted. So I was negotiating with myself, you know, telling the buyer and his broker, hey, you know the other guys are here, and you got to come up on price and you got to come up on terms. But truthfully, I was bluffing, because I didn't have anybody that was coming up on price or coming up on terms. And so part of why I'm answering this way is when you look at the forecast, one thing that that I want people to know is that those. Of us that are in the business now and that have our pencils up, and we're underwriting deals, and we're making offers, like I used to teach Keith, don't make lowball offers, because you'll develop a reputation of being that guy or that borrower or that buyer that submits lowball offers, right? And word will get around in that market? Well, right now, like low ball offers are expected, and I would encourage people, let's just say you make an offer that whatever the deal pencils out to. So if you know how to underwrite deals correctly, and they're offering 10 million as a listing price, and you're coming up at seven or 7.5 don't be bashful to make the offer, and you may be the only buyer in the game. So that's one thing is like the competition that I'm seeing right now on the buyer side is not a lot of competition, and that's definitely shifted to a buyer's market. So people need to know that. The other thing I would say, on the macro level, is there's still a lot of uncertainty out there, and the uncertainty is kind of becoming like what I would call a new normal. You know? I'll speak for myself. When Trump was elected and at the end of 2024 I thought it was going to be amazingly well for all of us real estate investors, right? And there are some things that have been like the big, beautiful bill that restores 100% bonus depreciation like this is a really good thing, but you know, the tariffs, the immigration policies, some of the things that he's doing, you know, they have mixed impact for us and our in the economy and in real estate and in multifamily. And the thing is, when he first started doing that again, like lenders, they didn't know how to price debt, like, what's going to happen with tariffs, what's going to happen with ice what's going to happen with immigration, you know? But now that we're a year in to his second term, I can tell you a couple things. Debt is back. Lenders are lending. They're confident. Lenders are issuing debt like you can get 70 to 75% of your acquisition funded by a commercial lender. The government agencies are lending. Freddie Mac is lending. Fannie Mae is lending, and they have a mandate to lend 20% more money in 2026 than they did in 2025 so that bodes well for people that want to get, you know, affordable workforce housing, which is my specialty, also known as Class B and Class C housing. So the lenders are lending like, there's a lot of debt out there. One of the challenges is the equity. There's a lot of institutional equity. But if you're going to the retail investor who got into the business three to five years ago. They don't want to hear about your next deal right now, they're wondering about, hey, what about the deals that I'm in? Right? So one of the things that I'm doing, Keith is, and I think, you know, this is like, you know, I build up a huge investor community from 2012 to 2022 and I did it by traveling the country, speaking at conferences, sponsoring trade shows, talking about the benefits of investing in apartment buildings, how it changed my life, how it enabled me to retire from a six figure income in just three years, and how I've helped many, many other people Do the same, and also just sharing experience today, every asset class, every 10 to 15 years is going to go through a correction. And so where we're at now. And I wasn't the only one on the forecast. I brought in John Chang who is the senior intelligence officer at Marcus and millichep, one of the biggest commercial real estate firms in the country, and he presented about 20 or 30 slides that by and large were very bullish on where we're at in the market cycle. Why now is a great time to be looking at apartment buildings, a lot of the same things that I've been talking about. Prices are down. It's a buyer's market. We have a huge affordability issue. More and more people are becoming renters, and so what I'm committed to do, Keith and I don't know if I shared with you my travel schedule, like when we met each other last month, but I'm on the road every single week going to another city, talking about where I see us right now in the market, and why people should be looking at deals and making offers right now. Because to me, you know, Warren Buffett said it best. He's like, you want to be fearful when everybody else is being greedy, and you want to be greedy when everybody's being fearful. And right now, people are on the sidelines. They're waiting for some green light, like for the Wall Street Journal to come out and say, Hey, now's a good time, you know? I mean, look, Trump, just the point of the new Fed chair, right? And so we know interest rates are going to go down like that's one of his goals, and the guy that he appointed is going to lower rates. So we're looking at a future, a very near future, where we have lower rates, and lower rates is going to create more demand, again, for people that want to buy. I invest in apartments now, look, if you wait another year, I still think it's going to be a good time, but I think we have a better time right now.   Keith Weinhold  30:10   I sold one apartment building in 2022 for about $1 million and I sold another one of my apartment buildings in 2023 for about $1 million I had bought those in 2013 with 10 year balloon loans, so I was enjoying that nice fixed rate as late and as long as I could, until 2022, nine years and 2023, 10 years before the rate went up on me. But of course, my new buyer had to pay that rate, so it limited the amount that they could offer for it. However, to your point about investing for a long time horizon, I still had profits on those nine and 10 year holds, but yeah, to your point, Brad about the looser lending, this is huge. I read a summary of the latest national Multifamily Housing Council meeting, and one of the biggest takeaways that came out of that meeting is that there is abundant debt available. It's in increasingly attractive terms. And a lot of people think about mortgages, and they just think about the rates, and you should that's certainly important, but they don't think as much about the propensity for others to lend. How loose, or how tight are those standards? They're loose, yeah.   Brad Sumrok  31:25   And, I mean, look, the first deal I did in 2002 the interest rate was 6.35% the rates right now are less than that, you know, as of the date of this recording. So, you know, I always talk about a base case of a $10 million deal. It may seem large to you or to people listening, but like in my world of syndication, where we're not just looking at the real estate piece, but learning how to raise money to buy real estate so we could have a bigger property that's professionally managed and become a true business owner like Robert Kiyosaki talks about, do you want to be self employed? I tell my students, buy a six Plex. Do you want to own an apartment business by 60 units and hire a management company? So when I'm talking about this $10 million deal, you know, you can get a $7 million loan right now for probably in the mid 5% and it would be non recourse, and you could probably get three years of interest only, meaning for the first three years, you're going to have a higher cash flow. So like, this is a really good loan compared to 2021 when we could get 3% debt. It's not but remember that 3% loan was a short term loan. You know, it wasn't a 10 year fixed rate loan, it was a short term loan, and we all saw what happened with that when they raised rates so many times in such a short period. So the fixed rate debt is very competitive based on, like, the long term, 20 year average, and it's lower than it was when I started.   Keith Weinhold  32:55   Well, we've been talking about elements of your apartment market forecast, and of course, that's going to inform your Buy Box. Brad, you mentor students constantly and oftentimes we think about a Buy Box. We think about then in terms of geographic market, but as we look for an opportunity, we also might think about some other things in your Buy Box, for example, new build versus vintage build. So with all of this traveling you do, and you're in the markets, and you're informing students, and you're looking at students prospective deals as well. But tell us more about what a good buy box is for the near term in apartment buildings.   Brad Sumrok  33:36   Yeah. So look like what is in the buy box, right? So one is going to be your location. And so, you know, how do I select a good location? Just some tips and strategies around that is, I look for landlord and business friendly environments. In other words, if the tenant doesn't pay, do they get to stay or not, you know, so I like to be in market so that they don't pay, that we could legally, you know, not have them consume our product for a long period of time. So I also look at things like job growth and population growth, affordability gap. New supply is a percentage of inventory, you know, the new supply coming online in a diversified economy. So, like, you want to get your geographies nailed down. Like, where you buy matters, like, there's no substitute to I would rather pay more for a property in a location that meets that criteria than less for a property that doesn't. Yeah. So geography is important. You want to pick your property size, like, how many units, or what's the price point. Okay? And this is huge, because if you're gonna buy your own deal with your own money, which is another reason I prefer syndication. Let's say you have pick a number, 100,000 to invest. Like you can only buy a $300,000 property, two units somewhere, three units somewhere, you know. Or zero units somewhere, right, right? So if you have expanded your you know, your mind and your skill set to do a syndication 100,000 doesn't limit you to your own money, you know. And then I would say, Well, what is a great size for a first time syndicator is I would target somewhere around 60 to 80 units, and at 100,000 a unit, which is a ballpark price for maybe a nice B class property or high C Class property, and a market that meets the criteria that I outlined earlier. You know, you're looking at, say, a six to $8 million property. And so what you could do from there, Keith is, you could say, Okay, well, you know, this is why, like in my educational course, I use a $10 million property, because the numbers are easy. But even just say, Well, I'm going to do an $8 million property, you'd say, Okay, I need two to 3 million down, depending on the debt, right? And then I'm going to get a the balance in a loan, you know, because you could get a 70 to 75% loan. So then you ask, Well, where am I going to get to 2 million, right? If I have 100 I need $1.9 million and so then you got to start thinking about like, do I have access to people or work or in the neighborhood or at the community or at the church, you know, or do I go to masterminds and conferences and meetup groups like, where I saw you Keith last month, like, there's a lot of investors there with a lot of money, right? And some of them are looking to be passive investors. And so, you know, there's a whole nother conversation around, you know, raising capital. And if you can't raise capital, then you may want to bring in some people on your GP team that could help you raise capital, as long as you're following, like the SEC compliance and again, that's another discussion. That's the importance of having the buy box so you have your geography, your property size, your property class. You know, again, if you just want the new construction stuff. There's some people out there, like big name, famous people, that are highlighting their 800 unit a class deals that they're buying. And of course, like you or I that are just getting started, can't go buy that deal. And so why? You know the institutions are going after the large A class properties in the best areas. And so where I've made my niche Keith, and what I would recommend most people start is start with the older vintage properties, start with the 1970s properties, and then maybe work your way up to the 1980s and 1990s properties. And why is this is because the institutions don't want those properties, and they're still able to be professionally managed. Like, if you go and buy 100 unit C Class property, as long as it's not in a bad neighborhood with, like, high crime or whatever like that. Like, these are very honest, hard working, working class people that need a clean, safe and functional place to live, and you'll be able to get better returns on a C or A B class, also known as like the cap rate. And again, that's another discussion, but you'll be able to get a better return on an older vintage property than you would on a vintage property. And you're not competing with the institutions, but you're also not competing with the mom and pops, because the mom and pops are going to take that 100,000 they have and go buy a duplex. You know, they're not going to want to syndicate a deal. They're not going to want to have partners. They're not going to want to deal with the so called complexities of buying a company. And that's what buying an apartment community is, Keith, it's buying a company. You're buying a business that has an income stream already being generated those customers, they're called residents. They're called tenants, you know, but if you just go upstream from buying real estate or buying an apartment building, we're buying a cash flow producing business that's existing, that's in place, and then our job is to figure out how to run it better and more efficiently. You the   Keith Weinhold  39:04   You the listener, you might have access to, say, 500k in equity that's sitting in your existing properties. And some of these numbers that Brad and I are throwing around are rather large, $10 billion but one of the biggest epiphanies that I think your students have is that doesn't need to be much of your own money. We're talking about what's called the capital stack to take down a $10 million apartment building. Maybe you borrow seven and a half million of that. Maybe you raise 2 million of that from your other investors in the syndication, and then you put your 500k into the deal, and there you have $10 million in order to make that purchase. But yes, that does involve a learning curve and the SEC rules and all that. But the big takeaway here is you don't need much of your own money. You can leverage other people's money, even for the down payment. And Brad, you're also an expert at showing people how to pay almost. Zero tax, which is another discussion unto itself, but some of your students start with zero experience, and within a few short years, I mean, you've had hundreds of people that have either retired early or increased their net worth by over a million dollars. A lot of success stories,   Brad Sumrok  40:17   yeah, look, I mean, I started with no previous real estate investing experience. My experience was going to college, studying hard, getting decent grades, becoming an engineer, you know, being fired once, being laid off once, and reading Robert Kiyosaki books that motivated me to to go out and seek specialized education. And I think it was Jim Rohn that said formal education, like degree could get you a job, and specialized education like you can get in a conference or a mastermind or a mentorship program. And that's also how I started. I went to a weekend workshop back in 2001 and I bought the mentorship program. And boy, I'm glad I did, because, you know, that's how I got into my first 62 units. So you don't need to have experience. What you need to have is a powerful reason, a powerful why? Why do I want to be financially free? Like apartments is just a vehicle. I didn't choose apartments because I love departments. I choose departments because they cash flow, they go up in value, and you have amazing depreciation benefits.   Keith Weinhold  41:23   Yeah, I'm the same. I don't love apartments in a way. I don't love real estate. I love what these things do for me    Brad Sumrok  41:30   exactly. Yeah? So, like, you don't have to have experience. In the other category, of people that have come into my community that don't have apartment experience, a lot of them have real estate experience, Keith, that are doing, like, single family homes, short term rentals, or maybe smaller, multi unit deals. And they listen to a show like this, and they're like, huh, I want to transition from doing these smaller types of assets with my own money and self managing to scaling into a syndication.   Keith Weinhold  42:03   Brad has taken countless people from get rich education to got rich education. His core values are faith, finance, fitness, family and fulfillment. He is committed to helping people experience not just financial success, but personal fulfillment, purpose, contribution, freedom and Brad and his investor community have contributed over $1 million to charity. Is really the person you want to learn from if you want to think about going bigger with multifamily apartment buildings. This has been great, Brad. Let our audience know how they can connect with you and learn more?   Brad Sumrok  42:42   Yeah, sure. So I would say this is where I should just be very clear here, okay, but I'm gonna give a couple options, because that's what I'm so of course, there's a website which is my first and last name.com, B, R, A, D, S, U, M, R, O, k, for those of you on social media, I respond to my own social so you'll find me again. B, R, A, D, S, U, M, R, O, K, on LinkedIn, Instagram and Facebook.   Keith Weinhold  43:13   Brad, it's been so valuable. It seems like American apartment buildings are in for redemption story here. It's been great having you back on the show.   Keith Weinhold  43:29   Brad and I both emphasize physical fitness, and we chatted about that a good bit when we were together last month. I think he looks better than me. To summarize, the reasons for this historic collapse in apartment building values. It was the combination of soaring interest rates, massive inflation, spiking insurance costs, construction soared, and it created an oversupply, and that oversupply still is not absorbed. In fact, according to the outlet apartment list, the National multifamily vacancy rate recently hit 7.2% that's the highest in the history of the index, which dates back to 2017 and that's chiefly due to apartment oversupply. Have apartments really hit the bottom? Brad just said, we're at or near the bottom, and it's a good time to be gearing up as far as what's coming. To give you an idea of new apartment supply, what takes about two years from construction start to completion. And now you can't just have all US apartment construction come to a complete stop. You have to keep people working. And there are almost 400 MSAs in the United States, so you couldn't coordinate a complete ceasing of construction across every area. So how about the level of new construction starts in apartment units today, and the way that HUD counts it is the number of units started in buildings of five plus units the recent peak. Was about 600,000 annually in 2023 and today it's closer to 400,000 there it is that slowing pace of new apartment construction. If you jump into multifam, be careful of properties with deferred maintenance, because understand that you have a lot of underfunded owners Now Brad can tell you specifically what to look out for his rat race to retirement event is March 28 and 29th in Dallas. It's a two day hands on workshop. You'll learn how to find apartment deals, how to underwrite deals, how to raise capital management and your exit. Discover how you can retire in five years or less by owning apartments again. His website is Brad sumrock.com    Keith Weinhold  45:49   coming up on future episodes here on the get rich education podcast. We're about to go on a run. The next stretch of GRE is loaded. We've got fresh topics with some game changing monolog content that I'm going to share with you new guests, distinguished experts, we're going to break down an innovative way to sell properties that could completely change how you think about your exit strategy of the 50 US states. I'm going to discuss some awful states to invest in, including ones with population loss. On another episode, a distinguished subject matter expert and I are going to dive deep on does America really have a housing shortage, not in apartments which are oversupplied, but is there a shortage in the one to four unit space? That's our topic, because you probably heard contradictory information in the media about whether there's a shortage or not, and then some outlets say there's a housing shortage of 2 million units. Others, 10 million. They're all over the place. We're going to sort it out on an upcoming episode. Does America really have a housing shortage? Then the youngest guest to ever appear on the show will be with us. He's a 19 year old college student that has a real estate investing related major, and since last year, he and I have befriended each other. He was born in about 2006 so it'll be interesting to see how he views the investing world and what they teach him about real estate investing in college today, he is probably the most impressive teenager that I've ever met in my life. Then six weeks from now, we will have an epic get rich education podcast episode 600 on a subject as paradoxical and complete with a GRE contrarianism That builds real wealth, debt is the American dream will be episode 600 if you're serious about building wealth, be sure to follow or subscribe to the show. We are going on a run. If you know someone in your life who needs to think differently. If you know one investor who's still waiting for perfect conditions. This will help them tap the Share button and tell them about the show until next week. I'm your host. Keith Weinhold, don't quit your daydream.   Unknown Speaker  48:14   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  48:42   The preceding program was brought to you by your home for wealth, building, get richeducation.com  

In episode 398 of the RV Miles podcast, we cover Alliance RV's acquisition of Midwest Automotive Designs, marking Alliance's first move into motorized RVs with Sprinter-based Class B luxury vans. Jason interviews Alliance co-founder Coley Brady about why the deal happened and the possibility of an Alliance-branded Class B that could come as soon as this fall. We discuss National Park Service timed entry reservation changes, including Yosemite, Arches, and Glacier not using timed entry this summer, along with Glacier's alternative measures like parking limits at Logan Pass, shuttle-only access for certain hikes, and reservable shuttle slots. Jason's black tank is the short-lived reopening of the Apostle Islands ice caves (open for one day before conditions changed), and his fresh tank is Axiom RV increasing fifth-wheel ground clearance from six to ten inches while raising questions about the engineering tradeoffs. Abby's black tank focuses on the changing state of podcasting, with exclusivity deals and paywalls involving major platforms; her fresh tank is enjoying the Winter Olympics. *Support independent RV journalism and unlock great perks by becoming a Mile Marker

Get 30% off your next RV Mattress at https://rvmattress.com/rvmiles with code RVMILES at checkout! This week,  @alliancerv  makes a major move into motorized — acquiring a luxury Sprinter van manufacturer and possibly signaling an Alliance-branded Class B as soon as this fall. Meanwhile, Leigh Tiffin resigns as president of Tiffin Motorhomes in a sudden shakeup that set off a swirl of rumors across the industry. Battle Born Batteries finally breaks its silence after months of controversy over viral teardown videos. And in two different states, lawmakers are considering whether RVs should be part of the solution to America's housing crisis. Plus, the latest retail sales numbers are in — and they show the industry is still feeling the chill heading into 2026. ****************************** Connect with RV Miles:  RV Miles Facebook Group: https://www.facebook.com/groups/rvmiles Shop the RV Miles Amazon Store: https://www.amazon.com/shop/rvmiles RV Miles Mailing List: https://rvmiles.com/mailinglist Mile Marker Membership: https://rvmiles.com/milemarkers 00:00 Intro 00:50 Alliance RV acquires Midwest Automotive Designs 04:51 Sponsor Break: RVmattress.com by Brooklyn Bedding 05:42 Leigh Tiffin resign 08:21 Battle Born responds to safety claims 10:34 RVs as housing 13:05 Campspot Awards 2026 14:47 Liquified RV launches Liquishine exterior care line 15:18 December 2025 RV registrations drop 16:07 Wrap-up & sign-off

In this data-driven episode, Michael Blank is joined by returning guest Neal Bawa, one of the most analytical minds in multifamily real estate. Neal breaks down why the market has failed to rebound as many expected, why 2026 may remain a “muddling” year, and how excess supply, construction costs, and policy decisions are reshaping rents and underwriting assumptions. This conversation offers a clear-eyed, numbers-based outlook on what investors should realistically expect over the next several years.Key TakeawaysThe market is behaving rationally, not emotionally — despite abundant capital, investors remain cautious due to fundamentals, not fear.Three consecutive years of oversupply broke historical patterns, causing Class B and C assets to feel pressure previously thought impossible.Rent growth is slowly returning, with projections around ~1.5% in 2026 and normalization closer to 2.5% beyond that.Many deals will never return to original pro formas, requiring investors to reset expectations and focus on survivability over returns.Rising construction costs from labor shortages and tariffs are likely to suppress new development and benefit existing assets long term.2027–2029 may see meaningful upside, as reduced supply finally meets sustained housing demand.For full episode show notes visit: https://themichaelblank.com/podcasts/session511/

Montreal's office market is showing nearly a 17–18% vacancy rate. Landlords must offer more concessions, invest heavily in their buildings, and completely rethink their strategy. So how do you stay competitive in 2026? In this episode, Laurence Binette, Director of Brokerage at AlFID, explains how an integrated real estate group with more than 350 employees manages 32 commercial buildings, 2,000 residential units, and 1,000 student housing rooms while continuing to innovate in a complex market. We discuss major transactions, asset optimization, free rent concessions worth $100 to $125 per square foot, repositioning Class B buildings, decarbonization initiatives, and even in-house parking management to maximize revenue. A practical episode for property owners, investors, and commercial real estate professionals who want to understand what is actually working in Montreal today.   Topics & Timestamps

80% of new apartments built in the last ten years are luxury class A. As a result, the supply of B class workforce housing has not nearly kept up with demand. Unless someone can afford to own a home or pay close to $4,000 per month for an A class two bedroom or $1,500 for an A class one bedroom unit, they are relegated to renting a B class apartment. Class B apartments cost 30%-50% less. As $800 Billion of floating rate loan maturities are coming due, great opportunities are emerging to acquire workforce housing for 75 cents on the dollar. Mitch Siegler, Co-founder and Senior Managing Director at Pathfinder Partners, finds smaller deals in the Western U.S underneath the radar of larger institutions that have significant value-add opportunities. 

Girls basketball had HUGE matchups at the top of each class last week in Nebraska high school hoops. Mike Sautter and Jacob Padilla break down the top games on the latest Nebraska Preps Postgame, diving into Omaha North handling Lincoln North Star, Bennington fending off Norris in Class B, and Pender's impressive showcase at the Nebraska Preps Classic. 0:00 INTRO0:25 Omaha North Takes Down Lincoln North Star to Take Class A No. 15:05 No. 1 Bennington Survives No. 2 Norris in Class B Girls Top Matchup6:40 Nebraska Preps Classic Recap | Millard West's Tough Shooting Night8:00 Pender Overcomes Slow First Quarter to Take Down St. Albert's10:30 Bishop Neumann Stays Competitive, Malcolm Overcomes to Win at Sokol11:15 Norris and Pius Match Up for Top Class B Battle This Week12:40 Little Movement in Class A Boys Polls | Papio South Moves into Top 1015:00 Big Matchups Happening This Week in Class A16:00 Class B Shakeups | Ogallala Takes Down Scottsbluff in Panhandle Showdown18:20 Platteview Enters Class B Top 10 With Win over Gretna19:30 Top Teams in Class C1 Remain the Same20:55 Class C2 Shake-Up AGAIN | Tri-County Falls, EMF Jumps21:40 Howells-Dodge Remains Atop of Class D1 Polls22:00 Record Setters in Elm Creek/Alma Buzzer Beater23:33 No Movement in Top 10 in Class D223:55 Great Time of Year for High School Basketball24:00 Mike Sautter's Winnebago Memories28:15 Jacob Padilla Shoutouts!30:10 CLOSE - Like & Subscribe to Nebraska Preps PostgameFollow Hurrdat Sports on social:Twitter: http://twitter.com/hurrdatsports Instagram: http://instagram.com/hurrdatsports Tiktok: http://tiktok.com/hurrdatsports Facebook: https://www.facebook.com/HurrdatSportsHurrdat Sports is a digital production platform dedicated to the new wave of sports media. From podcasting to video interviews along with live events and entertainment, we're here to change how you consume sports. Find us online at Hurrdatsports.comFollow Mike Sautter on social:Youtube: https://tinyurl.com/yh7h3tjf Twitter: http://twitter.com/mikesautter_Instagram: http://instagram.com/mikesautter Tiktok: http://tiktok.com/mikesautter Follow Hurrdat Sports on social:Twitter: http://twitter.com/hurrdatsports Instagram: http://instagram.com/hurrdatsports Tiktok: http://tiktok.com/hurrdatsports Facebook: https://www.facebook.com/HurrdatSportsHurrdat Sports is a digital production platform dedicated to the new wave of sports media. From podcasting to video interviews along with live events and entertainment, we're here to change how you consume sports. Find us online at Hurrdatsports.com#NebraskaHighSchoolBasketball #Omaha #Lincoln #Basketball #NebraskaBasketball #NEBPreps #NebraskaPrepsPostgame #HighSchoolBasketball #Nebraska #BasketballSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

John Chang gives listeners a wide-ranging outlook on the 2026 commercial real estate landscape, drawing from recent industry webcasts, capital market data, and his upcoming conversations with investors at NMHC. He explains why rising cap rates and falling borrowing costs have reset real estate returns to some of the most attractive levels seen in over a decade, even as broader economic uncertainty grows. John breaks down how slowing job creation, shifting migration patterns, and heavy Sunbelt development are creating near-term pressure for multifamily—especially Class B and C assets—while lower-development markets continue to show resilience. He also explores why institutional capital is quietly flowing back into commercial real estate, what gold prices may be signaling about investor sentiment, and where he sees risks and opportunities across multifamily, retail, office, industrial, and self-storage heading into 2026. Visit ⁠www.tribevestisc.com⁠ for more info. Try QUO for free PLUS get 20% off your first 6 months when you go to quo.com/BESTEVER  Join us at Best Ever Conference 2026! Find more info at: https://www.besteverconference.com/  Join the Best Ever Community  The Best Ever Community is live and growing - and we want serious commercial real estate investors like you inside. It's free to join, but you must apply and meet the criteria.  Connect with top operators, LPs, GPs, and more, get real insights, and be part of a curated network built to help you grow. Apply now at⁠ ⁠⁠⁠www.bestevercommunity.com⁠⁠ Podcast production done by⁠ ⁠Outlier Audio⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

In this solo episode, we break down the most common ways investors lose money in apartment investing. And, more importantly, how to avoid them. While multifamily is a powerful wealth-building vehicle, it's not foolproof. We walk through real-world examples from my own portfolio to highlight where deals go wrong, from negative cash flow and over-leverage to bad partners and poor business planning. This episode is a practical guide for investors who want to protect capital, reduce risk, and build durable multifamily portfolios.     Make sure to download our free guide, 7 Questions Every Passive Investor Should Ask, here.     Key Takeaways Understand how negative cash flow quietly erodes deals over time Learn why conservative underwriting matters more than optimistic projections See how improper insurance coverage can magnify catastrophic losses Recognize how leverage, partners, and market selection impact long-term outcomes     Topics Negative Cash Flow and Poor Underwriting Cash flow equals income minus expenses, debt service, and CapEx Renovations, rising expenses, and miscalculations can quickly create losses Trailing 12-month statements often understate true operating costs Investors must model realistic expenses and conservative income assumptions Catastrophic Events and Insurance Coverage Fires, storms, and other disasters can shut down buildings for months Insurance must cover both property damage and lost business income Understanding deductibles, exclusions, and coverage details is critical Proper insurance makes unavoidable events survivable from a business standpoint Over-Leverage and Loan Risk High loan-to-value ratios reduce flexibility during refinancing or sale Properties that fail to create value can become impossible to exit Conservative leverage (around 65% LTV or lower) preserves options Loans must match the business plan and hold strategy Bad Partners and Weak Teams Poor property managers, contractors, or partners can destroy deals Fraud, negligence, or lack of accountability creates hidden risk Due diligence, references, and checks and balances are essential Quality partners cost more, but reduce long-term losses Market Selection and Long-Term Growth Cash-flow-only markets may lack appreciation Aging properties require reinvestment over time Markets and submarkets must support long-term value growth Cheap properties without upside can become capital traps Over-Improving and Flawed Business Plans Renovations must align with market rent ceilings Over-improving units doesn't guarantee higher returns Class B and C properties have natural rent limits Staying disciplined with budgets and numbers protects returns    

Welcome back to RV Hour, the weekly RV lifestyle podcast hosted by Larry McNamara, CEO of Giant Recreation World. Each episode delivers real-world RV advice, buying insights, and exclusive deals straight from one of Florida's largest RV dealerships. In Episode 132, Larry covers three critical topics every RV owner and shopper needs to understand: RV Extended Warranties, Pro Tips for Camping, and Smart RV Storage Practices.

Welcome to another episode of RV Hour, the RV lifestyle show that helps campers, travelers, and RV owners get the most out of every mile. Hosted by Larry McNamara, CEO of Giant Recreation World, this weekly podcast tackles the real questions RVers have—and provides expert guidance you won't find anywhere else. In Episode 130, we're diving into a topic every RVer asks at one point or another…

Hey everybody, welcome to the RV Podcast News Edition for Monday, January 19, 2026. I'm Mike Wendland.This is where we cut through the noise and bring you what's really happening right now in the RV lifestyle and the RV industry. Five stories this week, and taken together they paint a clear picture.The RV world is not just changing. It is restructuring.Let's get started.STORY 1. TAMPA SUPERSHOW AND THE MEGA-DEALERS GET EVEN BIGGERThe Florida RV SuperShow wrapped up this weekend in Tampa, and once again it was the Super Bowl of RVing. Huge crowds, massive inventory, and a lot of signals about where the industry thinks things are headed.One number really stood out.Lazydays RV, now operating as Lazydays RV powered by Campers Inn, announced it brought more than 450 RVs to the show. Four hundred and fifty units on the grounds. There were over 1,300 new models here. That means Lazydays, if it really bought that many uits - I didnt count them - accounted for a third of the total new units on display.That is more than confidence. That is making a statement and claiming market power.It highlights how the biggest RV chains keep getting bigger. Camping World, General RV, Blue Compass, and Campers Inn have all been aggressively buying up smaller dealerships across the country.In many markets, those big names now sit next to each other, or even across the street from one another.That kind of saturation creates brutal competition and raises a serious question. How many stores can a market really support?What we kept hearing in Tampa is that 2026 may be the year underperforming locations start quietly closing.We already saw a preview late in 2025 when Camping World abruptly shut down its store in Escanaba, Michigan.For shoppers, this environment cuts both ways. There is more inventory and more choice, but dealers are under pressure to move aging stock. That pressure can work in your favor, if you negotiate wisely.STORY 2. INFLUENCER FATIGUE. THE MARKETING MODEL IS BREAKING DOWNAnother major theme at the Tampa show had nothing to do with floorplans.Influencer fatigue.By our count, there are now at least 500 so-called RV influencers. Probably more. Anyone with a cellphone camera can claim the title, and many have.For years, manufacturers poured money, free gear, and perks into this system.But saturation has changed everything.Behind the scenes, RV manufacturers and marketing teams are saying the influencer model no longer delivers like it once did. They report being flooded with demands for free RVs, guaranteed commissions, and paid travel just to show up.There are clear signs of a pullback.Winnebago has ended relationships with some influencers. Keystone RV has done the same.The issue is trust. When every product is “the best ever,” audiences stop believing any of it.I overheard it firsthand in Tampa. Outside the influencer building, one man said, “I'd be an influencer too if they gave me free stuff. But since that hasn't happened, I don't trust what any of them say. Free stuff and money can buy anything.”That comment captures the problem perfectly.STORY 3. TARIFFS ARE HAMMERING MANUFACTURERS, AND ROADTREK MAY BE THE HARDEST HITAnother major topic of quiet but intense conversation at the SuperShow was tariffs and the damage they are doing to certain RV manufacturers.Start with Europe.The Italian manufacturer Wingamm has been trying to bring compact Class B style motorhomes into the U.S. market for at least the last four years. At one point, the tariff hit on a Wingamm imported from Italy was estimated at roughly $70,000.That nearly killed the effort.The tariff has since been restructured into a fixed import fee announced in mid-2025, about $9,500 on the Oasi 540.1 and roughly $11,100 on other models. Even so, Wingamm has now turned to crowdfunding to help finance its U.S. market entry.Canada is being hit even harder.Many popular Class B vans sold in the U.S. are built in Canada. Tariffs stack up at every step.A prime example is Leisure Travel Vans.Their Unity models use Mercedes Sprinter chassis and major components built in Germany, shipped to Canada, assembled there, and then exported to the United States. Tariffs apply to the chassis, the imported parts, and the finished vehicle.Industry sources say tariffs alone are adding at least $20,000 to the price of a Leisure Travel Vans motorhome. The new Mercedes Benz model that introduced at the show last week was sticker shock on steroids. It's show price was $272,000. For a B + van. Over a quarter of a million dollars! Yikes. And then there's Class B campervan maker Roadtrek, made in Ontario.Roadtrek's situation may be the most severe.The company has struggled since 2019, following a massive financial scandal involving its previous owners that ended in bankruptcy. Roadtrek is currently owned by a French RV company that took control as part of that restructuring.Since then, Roadtrek has faced repeated Mercedes Sprinter chassis shortages, production disruptions, a weak market, and the loss of key personnel.Most recently, Roadtrek lost its longtime National Sales Manager, Mike Williams, widely known across the industry and to customers as “Canada Mike.” He has now joined Sunshine State RVs in Gainesville, Florida, where some are already calling him “Florida Mike.”That is a significant loss of leadership and visibility for the brand.At Tampa, the buzz was everywhere. Roadtrek is struggling badly, and many insiders believe the company may be for sale again. Nothing official, but the talk was constant and came from dealers, current employees,  and industry veterans.Tariffs are a huge reason for all of this pressure.STORY 4. MORE CONSOLIDATION, MIDWEST AUTOMOTIVE DESIGN LIKELY TO BE SOLDAnd speaking of major brands being in play, we're hearing strong indications of another significant acquisition.Multiple sources tell us that Midwest Automotive Design, a high-end builder of luxury Class B motorhomes on the Mercedes-Benz Sprinter platform, is about to be sold.The buyer, according to what we're hearing, is Alliance RV.Alliance RV was founded in 2019 by industry veterans Ryan and Coley Brady and is best known for its Paradigm line of luxury fifth wheels. The company has built a reputation for high-quality construction and strong customer loyalty.Midwest Automotive Design is a powerhouse in the luxury van segment. It is known for models like the Passage and Luxe Cruiser and has also built private-label vans for Ultimate Toys, Chinook, Holiday Rambler, Fleetwood, and American Coach under the REV Group umbrella.This is not a small boutique operation.If confirmed, this move would signal Alliance's expansion beyond towables into the premium motorized market.It reinforces the larger pattern. The RV industry is entering a major consolidation phase, with strong operators positioning themselves to acquire respected niche brands as costs rise and margins tighten.STORY 5. ZION NATIONAL PARK WILL RESTRICT LARGE RVS ON A KEY ROUTENow an important heads-up for anyone planning a Southwest RV trip.Zion National Park has announced a major change taking effect June 7, 2026.Large vehicles will no longer be allowed to travel through the Zion–Mount Carmel Highway, including the famous tunnel.Vehicles longer than about thirty-five feet, wider than seven feet ten inches, taller than eleven feet four inches, or weighing more than fifty thousand pounds will be prohibited. The long-standing escort system for oversized vehicles is being eliminated.The Park Service says the road was never designed for modern RVs and that safety concerns drove the decision.You can still visit Zion, but many large motorhomes and fifth wheels will need alternate routes or off-site parking.This is a major planning issue for RVers heading west.BONUS STORY. HONDA OFFICIALLY ENTERS THE RV SPACE WITH A LIGHTWEIGHT TRAILERAnd here's one of those moments when we get to say, we told you so. This is a BONUS STORY THIS WEEK.Two episodes ago, we reported that Honda was quietly working on something big in the RV space. Now it's official.Honda has unveiled the Base Station Prototype, an all-new lightweight travel trailer designed by Honda engineers at the company's U.S. research and development centers in Los Angeles and Ohio.This is not a rebadged camper. Honda says the Base Station Prototype brings segment-first innovations that only Honda can deliver.The stated goal is to “democratize outdoor adventures.” In plain English, make RVing accessible to more people.Honda designed the Base Station to be towed by many of the most popular vehicles in America, including crossovers like the Honda CR-V and Toyota RAV4, as well as electric vehicles such as the Honda Prologue and Honda's upcoming 0-Series SUV.That is a major shift.Most lightweight trailers still require full-size trucks or large SUVs. Honda is aiming directly at the millions of households that already own smaller vehicles and have been priced out of RV ownership.Honda also says the Base Station will remain competitively priced in the lightweight travel trailer segment, signaling this is not just a concept vehicle but a serious market entry.If Honda follows through, this could reshape the entry-level RV market in a very big way.And as soon as we can see one in person, you know we'll bring you a full report.CLOSINGAlright. That's this week's RV News Edition of the RV Podcast. For links, documents, and deeper background on every story we covered today, be sure to check the show notes on our website at RVPodcast.com. That's our central hub for everything we do, podcasts, blogs, videos, and our community.You can also leave us a voice message, comment, question, or tip right there on the site. We read them all, and many of them help shape future episodes.And a quick reminder that on February 5, I'll be hosting a live, interactive RV Travel Planning Workshop designed to help you plan smarter trips, avoid costly mistakes, and travel with confidence. You'll find all the details and registration information at RVPodcast.com/workshop.That's your RV Podcast Monday News Edition for Jan. 19, 2026. We'll be back Wednesday with our Stories from the Road RV Podcast. I'm Mike Wendland. Thanks for listening, and until next time, have fun, make friends, and find adventure. Happy Trails.Sources and Further Reading2026 Florida RV SuperShow and Dealer ConsolidationLazydays by Campers Inn Brings Over 450 RVs to Tampa Showhttps://rv-pro.com/news/lazydays-by-campers-inn-brings-over-450-rvs-to-tampa-show/Florida RV Trade Association, Official 2026 Florida RV SuperShow Pagehttps://www.frvta.org/show/florida-rv-supershow/Influencer Fatigue and RV Marketing ShiftWinnebago Industries Corporate News and Investor Updateshttps://investor.winnebagoind.com/Keystone RV Company Official Sitehttps://www.keystonerv.com/Tariffs and Cross-Border RV Industry ImpactRV Dealers Association of Canada Update on Counter Tariffshttps://rvbusiness.com/rvda-canada-gives-update-on-counter-tariffs-on-u-s-rvs/How Tariffs Could Impact the RV Industryhttps://www.rv.com/rv/how-tariffs-could-impact-the-rv-industry/Canadian RV Association Statement on U.S.–Canada Tariff Impacthttps://www.rvnews.com/crva-issues-update-on-u-s-canada-tariff-impact/Class B Forum Discussion on Canadian Tariffshttps://www.classbforum.com/threads/canadian-tariffs.654811/Wingamm European Import TariffsWingamm Official Websitehttps://wingamm.com/Wingamm Oasi 540.1 Model Pagehttps://wingamm.com/en/oasi-540-1/Invest in W Motorhome Sales North America (equity crowdfunding on StartEngine)https://www.startengine.com/offering/wmotorhomeLeisure Travel Vans Tariff ExposureLeisure Travel Vans Official Websitehttps://leisurevans.com/Mercedes-Benz Sprinter Global Production Informationhttps://www.mbvans.com/en/sprinter/Roadtrek Company BackgroundCourt-Ordered Receivership for Erwin Hymer Group North America (which included Roadtrek)https://rvldealernews.com/the-court-appointed-receivership-auction-of-erwin-hymer-group-north-america-will-begin-on-tuesday-july-16-and-continue-until-friday-july-19-2019/How Rapido Group Plotted the Rebirth of Roadtrek https://rv-pro.com/features/how-rapido-plotted-rebirth-roadtrek/ Roadtrek Motorhomes Official Websitehttps://roadtrek.com/Alliance RV and Midwest Automotive Design PurchasAlliance RV Official Websitehttps://www.alliancerv.com/Midwest Automotive Design Official Websitehttps://midwestautomotivedesign.com/Midwest Automotive Design About Us Pagehttps://www.midwestautomotivedesign.com/about-us/Midwest Automotive Design Luxe Cruiser Modelhttps://www.midwestautomotivedesign.com/luxury-vans/luxe-cruiser/REV Group Brand Portfoliohttps://www.revgroup.com/our-brands/Zion National Park Large RV RestrictionsZion National Park to Restrict Large Vehicles on Zion–Mount Carmel Highway Beginning June 7, 2026https://www.nationalparkstraveler.org/2026/01/zion-national-park-restrict-large-vehicles-traveling-zion-mt-carmel-highwayZion to Ban Most Large RVs on Mount Carmel Highwayhttps://www.thetraveler.org/zion-to-ban-most-large-rvs-on-mount-carmel-highway-june-7-2026/Honda Enters the RV Market with the Base Station PrototypeHonda Press Release, Honda Unveils Base Station Prototypehttps://hondanews.com/en-US/honda-automobiles/releases/honda-unveils-base-station-prototype-a-lightweight-towable-travel-trailer-with-modular-design-smart-technology-clever-packaging-to-democratize-campingRV Business, Honda Unveils Prototype Base Station Lightweight Camperhttps://rvbusiness.com/honda-unveils-prototype-base-station-lightweight-camper/The Drive, Honda's Secret Project, A Futuristic Camper Trailer You Can Tow With a CR-Vhttps://www.thedrive.com/news/hondas-secret-project-a-futuristic-camper-trailer-you-can-tow-with-a-cr-v

Capital is pouring into steady, cash-flowing midwestern markets. Investors appreciate the predictable, steady growth and performance of these markets with affordable entry points. This applies especially to supply constrained infill industrial markets with big tenant demand and consequent high occupancy rates. Geoff Stuhr, Principal at Smart Asset Capital, specializes in Class B infill industrial properties in Southeast Wisconsin. Geoff only buys positive leverage, cash flowing properties that have value-add components that allow for enhanced cash flow and appreciation of the assets.

ARRESTING THE CABINET AND DEFINING CLASS A CRIMES Colleague Professor Gary J. Bass. As MacArthur's occupation forces arrived in a ruined Tokyo, they began arresting suspects, including former Prime Minister Tojo Hideki, who botched a suicide attempt. The upcoming International Military Tribunal for the Far Eastcategorized offenses into Class A (aggressive war), Class B (conventional war crimes), and Class C (crimes against humanity). Prosecutors utilized the discovered diary of Kido Koichi, the Emperor's advisor, to map decision-making, though the Emperor himself remained untouched. Notably, while General Matsui was charged for the Nanjing Massacre, the Emperor's uncle, Prince Asaka, who was also commanding troops there, escaped prosecution entirely. NUMBER 31930 TOKYO

We talk with Matt Trentini, Principal Software Engineer at Planet Innovation, about using MicroPython for professional embedded development—including medical devices. Matt shares how he was drawn back to embedded development after becoming jaded with traditional C-based workflows, and explains why MicroPython's interactive REPL and rapid development cycle have become game-changers for his team.We explore the practical realities of using an interpreted language on microcontrollers: how Planet Innovation uses it for Class B medical devices, what the performance trade-offs actually look like, and how features like the Unix port enable robust testing. Matt walks us through deployment considerations, explains how to integrate C code when needed, and shares compelling stories about real-time client demos that would be impossible in C++.Whether you're skeptical about high-level languages in embedded systems or curious about alternatives to traditional development workflows, this conversation offers a grounded, engineering-focused look at what MicroPython can—and can't—do in production environments.Key Topics[03:30] Matt's background and why he left embedded development before MicroPython brought him back[08:45] What MicroPython is: a complete re-implementation of Python for microcontrollers with REPL, filesystem, and machine module[13:20] How Planet Innovation introduced MicroPython through an OpenMV vision processing project[17:15] The game-changing power of the REPL for interactive hardware development and testing[21:40] Running MicroPython code on x86 for testing, and the mock machine library approach[26:30] Python library compatibility: what works, what doesn't, and memory considerations[29:50] Integrating C and C++ code through extension modules for performance-critical sections[33:10] Performance realities: 10-100x slower in interpreter, but can always drop to C speed when needed[37:45] Tooling: MPRemote, the magical mount feature, and development workflow[42:20] When NOT to use MicroPython: cost-sensitive high-volume products and resource constraints[45:30] Using MicroPython in Class B medical devices and safety-critical applications[49:15] Garbage collection: simple, predictable, and controllable—can be disabled when needed[52:40] Real-time client demo story: modifying state machines during a call and showing results immediately[56:20] Deployment: frozen code, disabling REPL and filesystem, and OTA considerations[01:01:30] Common mistakes: logic errors and inadvertent allocations rather than memory corruption[01:05:45] Threading, AsyncIO, and the Global Interpreter Lock across different ports[01:08:20] State machine frameworks: StateChart, Yasme, and PyTransitions[01:11:40] Junior developer productivity: faster onboarding compared to C/C++ embedded development[01:15:10] Getting started: board bring-up as an ideal first use case for MicroPython[01:17:50] Hardware-in-the-loop testing as a low-risk way to try MicroPythonNotable Quotes"It's hard to overstate how game changing the REPL is. Particularly as an embedded engineer, once you see that you can interactively talk to a peripheral, you can generate your own I2C, squirt it across and see what the peripheral does with it—suddenly driver development has just become easy to experiment with." — Matt Trentini"My trite answer is that MicroPython is slow—10 to 100 times slower than C in the interpreter. But my flip side answer is that it can always be made as fast as C because you can always drop into C to write things." — Matt Trentini"There was a moment in a recent project where we were discussing the workflow of a state machine with the client, and while we were on a call, another engineer was actually making changes to MicroPython code. Literally a couple minutes after we'd been hashing out the details, they showed the changes in the state machine using the REPL. The client was blown away—in 25 years of development, I have never had that kind of turnaround in C and C++." — Matt Trentini"If you want to make a good friend of your electronics engineers, give them a build of MicroPython that can run on their custom board. In the past, they would typically be waiting for weeks or sometimes months before a software resource could be assigned. Now I can turn around a MicroPython build in a day or two, and they can test I2C, GPIOs, and UARTs themselves." — Matt Trentini"The irony is that the people who have embedded C knowledge are actually the people that can benefit the most from MicroPython. It's like having a superpower—you understand what MicroPython is doing in the background, you know you're just effectively writing a lot less code." — Matt TrentiniResources MentionedMicroPython Official Site - The official MicroPython project website with documentation and downloadsOpenMV - Computer vision project using MicroPython for camera-based applicationsMPRemote - Tool for interacting with MicroPython devices, including the magical mount featurePlanet Innovation - Medical device consultancy using MicroPython in production devicesStateChart - State machine library compatible with Python and MicroPythonYasme - Yet another state machine library developed at Planet InnovationPyTransitions - Popular Python state machine library being ported to MicroPythonCircuitPython - Adafruit's fork of MicroPython with additional features and CPython compatibility focus You can find Jeff at https://jeffgable.com.You can find Luca at https://luca.engineer.Want to join the agile Embedded Slack? Click hereAre you looking for embedded-focused trainings? Head to https://agileembedded.academy/Ryan Torvik and Luca have started the Embedded AI podcast, check it out at https://embeddedaipodcast.com/

In the week between Christmas and New Year, we're revisiting some of our favourite episodes of 2025. This episode was first published in April.Recreational use of the Class B drug ketamine doubled in 2024. A Sunday Times investigation has looked into where it's coming from and why it's so hard to police.This podcast was brought to you thanks to the support of readers of The Times and The Sunday Times. Subscribe today: http://thetimes.com/thestoryGuest: Katie Gatens, Commissioning Editor, The Sunday Times News Review.Host: Manveen Rana.Producer: Olivia Case.Further reading: One gram of ketamine and its 4,000-mile journey to the UK. Further listening: The truth behind the drama AdolescenceIf you or someone you know needs drugs help or advice, visit talktofrank.comPhoto: Getty Images. Get in touch: thestory@thetimes.comThis podcast was brought to you thanks to subscribers of The Times and The Sunday Times. To enjoy unlimited digital access to all our journalism subscribe here. Hosted on Acast. See acast.com/privacy for more information.

In this episode of the Old Capital Podcast, the team discusses key multifamily market trends that shaped 2025, including increased foreclosures, loan modifications, and tighter equity conditions. They explain why Class A properties and agency financing through Fannie Mae and Freddie Mac are dominating transactions, while Class B and C assets face growing challenges from leasing concessions and capital constraints. The conversation also emphasizes the importance of strong operators, proper capitalization, and preparing for longer 5–7 year hold periods. Plus, learn about the upcoming Old Capital Bus Tour in Dallas and how investors can get registered. To join the January 16th Old Capital Bus Tour: OldCapitalPodcast.com Are you ready to unlock the potential of Multifamily Syndications? Discover how Michael Becker's proven real estate syndication business can open doors to financial growth and long-term success. Visit SPIADVISORY.COM today and start your journey toward smarter investing!

In our conversation of the week, we have the story of an RV accident during a dream trip that took a sudden, life-changing turn, and the lessons one couple learned on the road could help every RVer travel safer and wiser. You can watch the video version from our RV Lifestyle YouTube Channel by clicking the player below. If you prefer an audio-only podcast, you can hear us through your favorite podcast app or listen now through the player below. Podcasts on Christmas Eve next week and New Year's Eve.. so you can listen or watch as you work through your Holiday preparations. If you want to make 2026 your best RV year ever, this is the moment to do something different. Make 2026 Your Best RV Year Ever We want to invite you to join us inside the RV Lifestyle Community at RVCommunity.com. Now, yes, it is a subscription. And that is exactly why it works. No ads.No spam.No algorithms deciding what you see.No influencers pushing the latest gadget you do not need. Instead, you get authentic resources, exclusive content you will not find anywhere else, and genuine friendships with people who actually understand why someone would happily spend December in an RV in Indiana, bundled up, watching Christmas lights. And 2026 is shaping up to be a big year. We have a brand new app, more free resources for members, expanded meetups across the country, new tools, new courses, new workshops ( our first one is Jan 1 on how to attend and shop at an RV Show) and new ways to connect that we are really excited about. The community keeps growing, but the culture stays the same. Friendly, helpful, drama free, and full of real RVers who get it. Most importantly, it is about connection. Because the RV lifestyle is not just about the rig you drive or the places you go. It is about the people you meet along the way, even if that way happens to include an Arctic blast rolling through Amish country. If you are ready to make 2026 your most confident, connected, and enjoyable RV year yet, we would love to welcome you. Join us at RVCommunity.com. We will save you a seat by the campfire. RV CONVERSATION OF THE WEEK - The RV Accident That Changed Everything Andy and Joanne Larrimore are longtime RVers who, earlier this year, set out on what was supposed to be their biggest adventure yet. They packed up their Class A, hooked up their toad, and rolled out of southeast Massachusetts bound for Florida. The trip started exactly the way RV dreams are supposed to start, sunshine, family time, and a memorable stop at Disney with loved ones in Orlando. But a couple of weeks in, everything changed. Andy came down with a serious upper respiratory infection. Then word came that Joanne's mom, who was in a nursing home, was not doing well. They made the tough decision to cut the trip short and head back north. Somewhere in South Carolina, the unthinkable happened. Andy blacked out behind the wheel, and their rig crashed. Both Andy and Joanne were med-lifted separately to the hospital. They suffered serious injuries, and the road to recovery has not been easy. Thankfully, they are both doing much better today. And here is the part of their story that really matters, they are not done with the RV lifestyle. The Larrimores have chosen to share what they went through, what they learned, and the lessons that could help every one of us travel safer and smarter. This is a powerful conversation about resilience, preparedness, and why even life-changing setbacks do not have to mean the end of the road. Listen or watch their interview in the podcast players above. This part of the podcast is sponsored by RVOvernights, where you can stay free at farms, wineries, and attractions across the country. Go to RVLifestyle.com/rvovernights and use the promo code “RVLDEAL” to save 40% of the already low $49 annual fee. RV NEWS OF THE WEEK ​Forget Candy Bars—This Iowa Mall Vending Machine Dispenses Starlink​ So we've heard of getting a can of soda or maybe a Snickers bar from a vending machine, but a Starlink system?? Yet that is exactly what happened in Iowa! A self-serve vending machine quietly appeared at a shopping mall's food court in Des Moines. It is designed to dispense a standard Starlink dish and accessories, including mounts and the Wi-Fi router. Word is that more are coming. ​No More Reservations: Glacier National Park Rethinks Summer Access​ This is a big story for fans of Glacier National Park… Reservations will NOT be needed at Glacier for the summer of 2026. Why, because the National Parks Service says the system did not work as planned. The reservation system, started four years ago, was supposed to cut down on long afternoon lines by requiring people to register to enter between 7 am and 4 pm. What happened is mid-day traffic was much better, but the early morning crowds trying to beat the registration time became problematic, causing new issues. So now the popular park is doing away with reservations altogether. ​Trump on the 2026 Park Pass? Lawsuit Says Not So Fast​ Okay… we try to steer away from politics but this is a story we couldn't ignore. An environmental group is suing to remove President Donald Trump's picture from the 2026 National Park Service's Annual Pass. The 2026 Annual Pass features a picture of President George Washington and President Trump and the number 250 for the country's 250th birthday. The Center for Biological Diversity's lawsuit claims the design violates a law that requires the America the Beautiful pass to feature a photo taken on public lands that won an annual photo contest. The Secretary of the Interior says the photo winner will be on the pass for foreign visitors, while Trump's picture will be on the one for U.S. residents. Stay tuned.  ​Only in Gatlinburg: Black Bear Steals the Show at Christmas Parade​ Did you hear about what happened as crowds gathered to watch the Gatlinburg Fantasy of Lights 50th Annual Christmas Parade last week?  A lone black bear meandered in. The black bear casually cut through the crowds and walked down the parade route for a bit, as stunned onlookers sat along the curb watching in disbelief. Some visitors captured video - after all, this is not something you see every day!  ​Buc-ee's Goes Big Again: 17 New Mega Stops on the Way​ The ultimate road-trip stop, Buc-ee's, is planning to open 17 new locations across the country over the next few years. In 2026, the gigantic convenience store and fuel stop plans to open locations in Huber Heights, Ohio, San Marcos, Texas, and Goodyear, Arizona. Eight more stops are planned for 2027, five for 2028, and one for 2031. The Texas-based (and Texas-sized!) company is a popular destination for many RVers, and soon there will be even more locations along your route This part of the podcast is sponsored by Wholesale Warranties, where you can get the best deal on extended warranty coverage for your RVs. Starting January 1st, all RVs are considered one model year older, which means pricing and eligibility for warranty protection will change. Save money and protect your rig by signing up now. Get a free, personalized quote at wholesalewarranties.com/rvlifestyle RV QUESTION OF THE WEEK QUESTION: from Despina… In my 2023 Unity Leisure Travel Van the TV power won't turn on and the recliner controls do not work. Is this a fuse or breaker issue? Open to suggestions to fix the problem. RV connected to shore power. ANSWER: This happens a lot with RVs. It's almost always a tripped GFI plug. On the Unity, I believe it's on the side of the passenger pass-through storage area or in the bathroom. Just push in the little recessed switch between the plugs and you'll be good. QUESTION: From Larry: Why are Class B campervans so expensive? The one we want is almost $250,000. I can get a Class A for that, or a luxury fifth wheel and a brand new heavy-duty truck. I don't get it. Campervans are small. ANSWER: You're absolutely right to be scratching your head at those price tags. When you see a campervan that's basically built on a cargo van chassis hitting a quarter million dollars, it feels ridiculous, especially when you could roll into a dealership and drive out with a gorgeous 40-foot Class A motorhome for the same money. Or like you said, snag a top-of-the-line fifth wheel and a fully loaded F-350 and still have cash left over. Here's the deal: you're paying a massive premium for engineering magic in a tiny space. Think about it: those Class B builders are cramming a full bathroom with a real shower, a kitchen with actual counter space, sleeping accommodations, storage, and all your systems (electrical, plumbing, heating, cooling) into what's essentially a walk-in closet on wheels. That level of space efficiency doesn't come cheap. The other factor? Volume. The big RV manufacturers are pumping out hundreds or thousands of Class A motorhomes and fifth wheels every year. They've got economies of scale working for them. Meanwhile, Class B builders are producing these things in much smaller numbers, often with semi-custom features and higher-end components. You're not getting the mass-production discount. Plus, that Mercedes, Ford Transit or RAM ProMaster base chassis aren't exactly cheap to begin with, and then you're adding premium materials because everything has to be lightweight and compact. Those fancy European-style cabinets, that space-saving toilet, that innovative bed system: it all costs more than the standard RV stuff. And let's be honest, there's a lifestyle tax baked in too. Class B campervans became the hot ticket for a certain “van life” demographic who wants to look like they're just driving a cool van while secretly having all the amenities. That "stealth camping" capability and the ability to fit in a regular parking spot? The market will bear a premium price for those benefits. Does it make financial sense?

St. George's head coach and admissions officer Dwayne Pina joins Cory to walk through one of the most complete prep school basketball journeys you will ever hear. Coach Pina shares exactly what he looks for in recruits, how he developed Tyler Kolek into an NBA guard, what changed when St. George's moved from Class B to NEPSAC AA, and why physical tools now separate many Division I guards from the pack. If you are weighing AA vs single-A vs public school and care about both college placement and life after hoops, this conversation is a must-listen. 

Story of the Week (DR):Netflix to Buy Warner Bros. in $83 Billion Deal to Create a Streaming GiantThe deal to acquire the Hollywood giant's television and film studios as well as HBO Max will bulk up the world's biggest paid streaming service.The acquisition is expected to close after Warner Bros. Discovery carves out its cable unit, which the companies expected be completed by the third quarter of 2026. That means there will be a separate public company controlling channels like CNN, TNT and Discovery.Trump administration views Netflix and Warner Bros. deal with ‘heavy skepticism,' senior official saysThe New York Post on Thursday reported that, “Paramount Skydance chief David Ellison met with Trump officials and key lawmakers in Washington DC on Wednesday to press his case against Warner Bros. Discovery's potential selection of Netflix as its merger partner.”Costco is poking the Trump bear MMBig public companies have mostly treated President Donald Trump with kid gloves during his second term. They've quietly avoided conflict while seeking favor with ornate gifts, large donations to his pet projects and strategic deployments of CEOs to the Oval Office.That's what made Costco's decision last week to sue the Trump administration so shocking.Costco filed a lawsuit that contends Trump overstepped his emergency powers by imposing sweeping tariffs – and claimed the company is due a refund.Biden commerce secretary to join Costco board as company sues over Trump's tariffsCostco board now 50/50Gina Raimondo led the agency responsible for crafting U.S. trade policy during all four years of Democrat Joe Biden's presidency.Rhodes Scholar Raimondo led Biden's Commerce Department; former governor of Rhode Island (2015-2021)AT&T Commits to Drop DEI Programs and GoalsIn the letter, AT&T makes a series of commitments, including stating that:“AT&T does not and will not have any roles focused on DEI”“we removed training related to “diversity, equity and inclusion” as well as any references to it from our internal and external messaging”“It is AT&T's longstanding practice to pay and advance individuals based on merit and qualification”From Brendan Carr's tweet: NEW on DEI: AT&T has now memorialized its commitment to ending DEI-related policies in an FCC filing and “will not have any roles focused on DEI.” This follows the big changes @robbystarbuck already announced earlier this year.AT&T promised the government it won't pursue DEI. FCC commissioner warns it will be a ‘stain to their reputation long into the future'Anna Gomez, the sole Democrat on the FCC: “AT&T's reversal isn't a sudden transformation of values, but a strategic financial play to curry favor with this FCC/Administration. Companies should remember that abandoning fairness and inclusion for short-term gain will be a stain to their reputation long into the future.”AT&T eliminates DEI programs, says hiring and advancement will now be merit-basedZillow Doesn't Care If Climate Change Destroys Your New HomeThe real estate platform recently removed climate risk scores from its listings—a potentially ruinous development for some buyers.Classified board; co-founders/co-Executive Chairs Lloyd D. Frink 36% and Richard N. Barton (Netflix; Qurate Retail) 40%10 votes per share of Class B common stock55% voting power; less than 12% economic interestCombined $83M in pay over last 3 years; primarily optionsGender Influence Gap (-23%): April Underwood 2%; Amy C. Bohutinsky 2% (former Zillow COO and CMO); Claire Cormier Thielke 1%LT directorsCompensation committee chair Jay Hoag (2005-)!Netflix, TripAdvisor, Peloton 65%Audit committee chair Greg Maffei (2005-)Qurate Retail, Charter Communications; Live Nation Entertainment; TripAdvisor; Liberty Broadband; SiriusXMAlso: Erik Blachford (2005-); Gordon Stephenson (2005-)Also: CEO Jeremy Wacksman and earnings underperformer: J. William Gurley (Stitch Fix .094 earnings; Nextdoor .010 earnings)Goodliest of the Week (MM/DR):DR: Melinda French Gates slams billionaires who aren't giving away enough of their wealthThere are more billionaires than ever — and they have almost $16 trillionMM: Billionaire heads on robot dogs pooping photos go viral at major Miami art fair MMAssholiest of the Week (MM):The “arrogant pricking” of CEOsPalantir CEO Alex Karp defends being an ‘arrogant prick'—and says more CEOs should be, tooIn Karp's worldview, “arrogance” is a necessary survival mechanism for a leader who intends to be right even when it is unpopular.“The only people who pay the price for being wrong in this culture, in complete fashion, are poor people,” Karp said. “The rest of us somehow outsource all the times we're wrong and stupid to the whole society.”Meanwhile, we're now hearing from Sundar Pichai (who's trying Cassandra on for size), never ending diatribes from Sam Altman, Elon Musk, Mark Zuckerberg, Jeff Bezos, and everyone else with a 6000x CEO pay ratio… “Merit based” ass kissingAT&T eliminates DEI programs, says hiring and advancement will now be merit-basedFCC boss Brendan Carr claims another victory over DEI as AT&T drops programsSo how "merit-based" is the board? Top knowledge: economics (useful for phones... somehow...). Team TSR performance: 0.482 (where 0.500 is the average return for a board). Controversies performance is an excellently horrible 0.204, with CEO John Stankey as one of the worst performers... ON EARTH at 0.028 (meaning, he's in the worst 3% of all people on boards for controversies facing their companies). For most of the board, it matters more to be connected than good.Replacing government safety nets with billionaire whims DRJeff Bezos and Lauren Sánchez Bezos commit $102.5 million to organizations combatting homelessness across the U.S.: ‘This is just the beginning'Sánchez Bezos recounted meeting families benefiting from local organizations to which the Bezos Day 1 Families Fund offered grants… she met one woman who had been kicked out of her home with her infant daughter, but the organization took her in for the night, gave them a bed with sheets and a locked door. “It brought tears to my eyes seeing this little baby and seeing her flourish,” Sánchez Bezos said. “Selfishly, it fills my heart meeting these families. It really, really does.”Michael and Susan Dell to donate $6.25 billion to fund 'Trump accounts' for 25 million U.S. kidsHeadliniest of the WeekDR: Zuckerberg Basically Giving Up on Metaverse After Renaming Entire Company “Meta”DR: Nvidia CFO admits the $100 billion OpenAI megadeal ‘still' isn't signed—two months after it helped fuel an AI rallyNvidia CFO Colette Kress told investors that the much-hyped OpenAI partnership is still at the letter-of-intent stage: “We still haven't completed a definitive agreement,” Kress said when asked how much of the 10-gigawatt commitment is actually locked in. That's a striking clarification for a deal that Nvidia CEO Jensen Huang once called “the biggest AI infrastructure project in history.MM: Children Sob as Waymo Runs Over DogWho Won the Week?DR: CostcoMM: Robot dogsPredictionsDR: Based on this headline (Jamie Dimon Once Called Bitcoin a ‘Fraud.' Now, JPMorgan Is Quietly Making Blockchain History and Betting This ‘Crypto Winter' Will Be Short-Lived), Jamie decides to invest in Volcano-Powered NFT Mining FarmsMM: Costco will start selling a new kind of robot dog (they already sell one) that has Gina Raimando and Jeffrey Raikes face and poops out pictures of Howard Lutnick

Matt Doherty and Matt Langone discuss the conclusion of the 2025 scholastic soccer season, including key highlights from the NEPSAC boys and girls championships. The discussion covers the dominant performances of the Taft boys team and Mount St. Charles in Class B, key players and significant moments from the season. They also touch upon standout teams and upcoming predictions for the 2026 season. The episode concludes with a challenging soccer trivia segment, reflecting on various soccer-themed movies. Topics 00:49 Recap of Scholastic and Prep Seasons 01:09 NEPSAC Boys Finals Highlights 02:05 Taft's Dominance in Class A 08:23 Nobles' Impressive Season 09:33 Surprises and Consistencies in Class A 12:22 Mount St. Charles' Remarkable Journey 15:30 NEPSAC Girls Champions 19:23 Challenges of NEPSAC Tournaments 22:24 2026 Preseason Predictions 23:25 Teams to Watch in Class B 24:10 ISL Teams on the Rise 24:47 Brewster's Soccer Journey 25:38 Season Recap and Future Coverage 26:18 Extra Time: Soccer Trivia 34:16 Wrapping Up and Final Thoughts

The Nebraska high school basketball is HERE! Mike Sautter and Jacob Padilla discuss the NEW players, contenders and TEAMS to watch for the upcoming preps season across the state in Class A and Class B. Will ANY team in Class A separate itself from the rest of the pack? Which players will be ones to watch ALL YEAR? What surprises are on the horizon for high school basketball? 0:00 INTRO1:02 New Players, New Faces, New Places in Nebraska High School Basketball *CLIP - COACHES MAKING A DIFFERENCE4:33 Predicting Preseason No. 1 Team in Class A5:20 Omaha Westside's Talented Starting Five*CLIP - WESTSIDE'S TALENT7:08 Lincoln North Star's New Talent & Maturity9:00 Millard North's Familiar Faces, Balanced Team11:20 Creighton Prep's Experience Aiming to Take Next Step*CLIP - CREIGHTON PREP CONSISTENCY13:55 Omaha Westview's Youth Movement After Standout Season15:06 Lincoln Southwest All-State Talent16:25 Papillion-La Vista's Darkhorse Potential*CLIP - PLV DARKHORSE18:22 Opening Weekend Notable Class A Matchups20:14 Papillion-La Vista South's Title-Repeat Chances21:30 Omaha Central's Depth Across Lineup23:50 Bellevue West Bringing Back Four Starters26:28 Most Balanced Field in Class A Basketball EVER?*CLIP - ANY GIVEN NIGHT ANYONE CAN WIN27:40 Other Notable Class A Schools, Players to Know29:05 Class A Girls Basketball Preview31:00 Norris Leads the Pack in Class B*CLIP - Norris is the Best Team33:15 Elkhorn North the Next Challenger in Class B33:58 Scottsbluff Basketball - Best in the West?34:38 Class B Boys Basketball Teams to Watch36:25 Favorites in Class B Girls Basketball37:03 CLOSE - Like & Subscribe to Nebraska Preps PostgameFollow Hurrdat Sports on social:Twitter: http://twitter.com/hurrdatsports Instagram: http://instagram.com/hurrdatsports Tiktok: http://tiktok.com/hurrdatsports Facebook: https://www.facebook.com/HurrdatSportsHurrdat Sports is a digital production platform dedicated to the new wave of sports media. From podcasting to video interviews along with live events and entertainment, we're here to change how you consume sports. Find us online at Hurrdatsports.comFollow Mike Sautter on social:Youtube: https://tinyurl.com/yh7h3tjf Twitter: http://twitter.com/mikesautter_Instagram: http://instagram.com/mikesautter Tiktok: http://tiktok.com/mikesautter Follow Hurrdat Sports on social:Twitter: http://twitter.com/hurrdatsports Instagram: http://instagram.com/hurrdatsports Tiktok: http://tiktok.com/hurrdatsports Facebook: https://www.facebook.com/HurrdatSportsHurrdat Sports is a digital production platform dedicated to the new wave of sports media. From podcasting to video interviews along with live events and entertainment, we're here to change how you consume sports. Find us online at Hurrdatsports.com#NebPreps #HighSchoolBasketball #NebraskaBasketball #GirlsBasketball #BoysBasketball #Basketball #Omaha #Lincoln #Nebraska #NebraskaHighSchoolBasketball See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Matt Faircloth interviews Robert Beardsley, partner at Lone Star Capital (LSCRE), about navigating the current multifamily cycle, surviving 2021–2022 acquisitions, and why the most resilient opportunities today hinge on debt structure, affordability incentives, and supply-constrained submarkets. Robert breaks down how Texas multifamily has shifted from a “prices only go up” environment to a more balanced but still competitive market, where Class B suburban assets with little new supply outperform shiny Class A developments offering heavy concessions. He explains how LS CRE avoided major distress by minimizing bridge debt exposure and shifting early into affordable-housing-driven acquisitions—leveraging tax-exemption partnerships with housing authorities to create stable NOI without risky value-add pushes. The two dive deep into rising treasuries, soft-landing odds, rent-to-income resilience, recession risk, Texas HB 21 fallout, and why hundreds of improperly structured tax-exemption deals may implode when exemptions expire in 2026. Robert BeardsleyCurrent role: LSCRE, Founder/CEOBased in: Houston, TexasSay hi to them at: https://lscre.com Start earning passive income today at gsprei.com/bestever Alternative Fund IV is closing soon and SMK is giving Best Ever listeners exclusive access to their Founders' Shares, typically offered only to early investors. Visit smkcap.com/bec to learn more and download the full fund summary. Join us at Best Ever Conference 2026! Find more info at: https://www.besteverconference.com/  Join the Best Ever Community  The Best Ever Community is live and growing - and we want serious commercial real estate investors like you inside. It's free to join, but you must apply and meet the criteria.  Connect with top operators, LPs, GPs, and more, get real insights, and be part of a curated network built to help you grow. Apply now at⁠ ⁠⁠⁠www.bestevercommunity.com⁠⁠ Podcast production done by⁠ ⁠Outlier Audio⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

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In this Mostly Marketing Short, Matt tackles the only topic more controversial than attribution models: the proper rules for drinking coffee.After a flood of heated LinkedIn opinions, he breaks down the wildly unhinged behavior of people who walk around in 10-degree weather with a cup of iced coffee like everything is fine.Matt lays out his official, non-negotiable, borderline-legal guidelines for when hot coffee is mandatory, when iced coffee becomes acceptable, and what to do during the treacherous 45-to-65-degree temperature zone. Plus, a quick detour into creamer preferences, caffeine self-awareness, and why life is too ridiculous to judge anyone's vanilla-almond-mocha-cookie-dough concoction.Whether you're a year-round iced-coffee loyalist or a seasonal purist, this mini-episode will absolutely validate you… or get you charged with a Class B misdemeanor.

ALL CLASSES of the Nebraska high school football championship games are SET. Jacob Padilla and Austin Jacobsen break down ALL the matchups in Lincoln for the state title games, and RECAP each classes' EPIC semifinal round. Millard South is enroute to a HISTORIC finish in Class A, while Papillion-La Vista South is set to make a new mark in school history. Class B is still WIDE OPEN as Waverly and Gretna East face off at Memorial Stadium. Can Sidney SLOW DOWN Wahoo in its first state title appearance, and who takes Class C2 between GICC and Bishop Neumann? A breakdown of the 8-man and 6-man title games, and MUCH MORE!0:00 INTROMillard South Handles Omaha Westside in Class A SemifinalMillard South's Historical Context of DominancePapillion-La Vista South Earns First State Championship AppearanceClass A Championship Game PreviewWaverly Takes Down Bennington in Class B BlowoutGretna East Wins Cross-Town Battle Over GretnaClass B Championship Game PreviewSidney's Comeback at Columbus LakeviewWahoo Wins Out Over Ashland-GreenwoodClass C1 Championship Game PreviewGICC Ends Ord's Hot Run in Class C2 SemifinalBishop Neumann Shuts Out Kearney CatholicClass C2 Championship Game PreviewCrofton Upsets No. 1 Shelby-Rising City in Class D1 SemifinalSandy Creek's Kam Sealey's Big Day Pushes Cougars Back Into Title GameClass D1 Championship Game PreviewGage Hedstrom's Big Day Pushes St. Mary's Into Class D2 Title GameWynot Upsets Defending Champion Central ValleyClass D2 Championship Game PreviewGarden County Advances to State Championship Game in Six-ManSouthwest Wins in a Shutout Over Red CloudClass D6 Championship Game PreviewCLOSE - Like & Subscribe to Nebraska Preps Postgame!Follow Hurrdat Sports on social:Twitter: http://twitter.com/hurrdatsports Instagram: http://instagram.com/hurrdatsports Tiktok: http://tiktok.com/hurrdatsports Facebook: https://www.facebook.com/HurrdatSportsHurrdat Sports is a digital production platform dedicated to the new wave of sports media. From podcasting to video interviews along with live events and entertainment, we're here to change how you consume sports. Find us online at Hurrdatsports.comFollow Mike Sautter on social:Youtube: https://tinyurl.com/yh7h3tjf Twitter: http://twitter.com/mikesautter_Instagram: http://instagram.com/mikesautter Tiktok: http://tiktok.com/mikesautter Follow Hurrdat Sports on social:Twitter: http://twitter.com/hurrdatsports Instagram: http://instagram.com/hurrdatsports Tiktok: http://tiktok.com/hurrdatsports Facebook: https://www.facebook.com/HurrdatSportsHurrdat Sports is a digital production platform dedicated to the new wave of sports media. From podcasting to video interviews along with live events and entertainment, we're here to change how you consume sports. Find us online at Hurrdatsports.com#nebpreps #Nebraska #HighSchoolFootball #NebraskaHighSchoolFootball #Omaha #Lincoln #NebraskaFootball #HighSchoolFootballSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Kenya Jones, Head Coach and Associate Director of Admissions at Brooks School (MA), joins Cory for a straight, practical talk about prep school basketball, player development, and college placement in today's NIL/transfer-portal era. Jones explains why Brooks is “a school that happens to be good at basketball,” and how a culture of multi-sport participation, arts, and academics creates tougher, smarter, more coachable athletes. He details what he really recruits—character, independence, and fit—and how self-driven development (open runs, morning gym, weight room cadence) prepares players for NEPSAC competition and college standards.You'll hear an honest breakdown of Class B vs AA/AAA schedules, why relationships + summer showcases move the needle more than hype, and exactly what it takes to be a Division I guard (athleticism, vocal leadership, 94-feet defense, rebounding from your position, and credible shooting). If you're a parent, player, or coach seeking the right pathway—not promises—this episode gives you a clear lens on admissions, placement timing, and building a life-ready student-athlete.Families starting the prep journey: listen in, take notes, and focus on fit over flash.

Matt Doherty, alongside Matt Langone and Mike Zhe, offers an in-depth preview of the NEPSAC boys and girls soccer tournaments. They discuss the upcoming matches and potential top teams, and they speculate on the brackets, with special attention to Class A and Class B. The episode also includes personal anecdotes on memorable soccer experiences and predictions for the soccer season ahead. Topics 00:39 NEPSAC Boys and Girls Tournament Preview 01:50 Class A Girls Analysis 07:45 Class A Boys Analysis 18:48 Class B Girls Analysis 24:52 Class B Boys Analysis 26:26 Suffield's Playoff Prospects 26:56 ISL Teams Battle for Playoff Spots 27:26 Brooks and Vermont Academy's Strong Seasons 28:09 Teams Fighting for the Last Playoff Spots 30:39 The Excitement of NEPSAC Tournaments 34:18 Extra Time: Panelists' Soccer Experiences

Welcome to the Part Time Pilot Audio Ground School Podcast! This podcast takes our free podcast to a whole new level by providing students with every single lesson included in the Part Time Pilot Private Pilot & IFR Ground Schools without a single Ad! On top of that, VIP podcast students get BONUS episodes like Mock Checkrides, Checkride Prep, Expert Interviews and more!   The #1 reason student pilots never end up becoming a private pilot is NOT due to money. The real reason is actually deeper than that. Yes, flight training is expensive. But every student pilot knows this and budgets for it when they decide to do it.   The actual #1 reason a student pilot fails is because they do not have a good, fundamental understanding of the private pilot knowledge they are meant to learn in ground school.   You see when a student does not have a good grasp of this knowledge they get to a point in their flight training where their mind just can't keep up. They start making mistakes and having to redo lessons. And THAT is when it starts getting too expensive.   This audio ground school is meant for the modern day student pilot... aka the part time student pilot. Let's face it, the majority of us have full time responsibilities on top of flight training. Whether it is a job, kids, family, school, etc. we all keep ourselves busy with the things that are important to us. And with today's economy we have to maintain that job just to pay for the training. The modern day student pilot is busy, on the go and always trying to find time throughout his or her day to stay up on their studies. The audio ground school allows them to consume high quality content while walking, running, working out, sitting in traffic, traveling, or even just a break from the boring FAR/AIM or ground school lecture.   Did I meant high quality content? The audio ground school is taken straight out of the 5-star rated Part Time Pilot Online Ground School that has had over 2000 students take and pass their Private Pilot & IFR exams with only 2 total students failing the written. That's a 99.9% success rate! And the 2 that failed? We refunded their cost of ground school and helped them pass on their second attempt. We do this by keeping ground school engaging, fun, light and consumable. We have written lessons, videos, audio lessons, live video lessons, community chats, quizzes, practice tests, flash cards, study guides, eBooks and much more.   Part Time Pilot was created to be a breath of fresh air for student pilots. To be that flight training provider that looks out for them and their needs. So that is just what we are doing with this podcast.     IFR Section 6 Lesson 3: In this Free IFR ground school audio lesson we cover the things you need to know about Class B airspace for IFR flying!   Links mentioned in the episode:   Private Pilot Online Ground School: PPL Ground School - Part Time Pilot Checkride Prep: PPL Checkride Prep - Part Time Pilot IFR Online Ground School: IFR Ground School – Part Time Pilot   PPL study group: https://www.facebook.com/groups/parttimepilot  IFR study group: https://www.facebook.com/groups/parttimepilotifr/   Recommended Products & Discounts:  https://parttimepilot.com/recommended-products-for-student-pilots/ 

Colter Nuanez is joined over the phone by Blake Hempstead, owner of Copperhead Country Media and a Montana prep football expert. The two break down the Class B regular season results and share their insights on how the playoff picture is shaping up across the state. (1:39)To wrap up the show, Colter previews Montana's upcoming matchup against Weber State and features a post-practice interview with Montana offensive lineman Cade Klimzcak. They discuss last weekend's highly anticipated game against Sacramento State and what to expect in the game this weekend against Weber State. (30:59)

Lane Kawaoka - The Deal That Changed My Life In this episode of The Deal That Changed My Life, we welcome back Lane Kawaoka from The Wealth Elevator to share the pivotal real estate deals that shaped his journey. Lane dives into how he went from buying rental properties in Seattle in 2009 to managing 10,000 rental units across multiple U.S. markets. We explore: ✅ The challenges and lessons of investing out-of-state ✅ Transitioning from single-family homes to Class B apartments and development projects ✅ How moving "upstream" toward less competitive, higher-quality deals can transform your portfolio ✅ The importance of surrounding yourself with the right people and networks ✅ Key insights on navigating market cycles and scaling your investments Whether you're a new investor or a seasoned pro, Lane's story offers actionable strategies and mindset shifts for long-term success in real estate investing.

The Nebraska high school football playoffs are here! Mike Sautter and Austin Jacobsen break down EACH CLASS for Nebraska high school football on this episode of Nebraska Preps Postgame. The pair recaps an EMOTIONAL final week of the regular season, and sets up the DRAMA in Class A, Class B, Class C1, Class C2, and the 8-man and 6-man football playoff brackets. Mike Sautter explains the POWERPOINT CONTROVERSY as both give EXPERT INSIGHT into each class. 0:00 INTRO1:10 Elkhorn North Wins Emotional Moment Over Bennington5:35 Gretna East Survives City Battle with Gretna7:21 Class B Top Ten Wrap Up8:05 Omaha North Stunned by Lincoln Southwest in Regular Season Finale10:15 Papillion-La Vista South Surprises Elkhorn South12:38 Millard North Continues to Win13:22 Aurora Upsets Central City in Class C1 Regular Season Finale14:14 Columbus Lakeview Takes Down O'Neill14:50 Cedar Catholic Wins No. 1 v. No. 2 Battle Over Norfolk Catholic16:11 Bellevue West at Omaha Westside | CLASS A PLAYOFF PREVIEW17:30 Class A Playoff First Round PREVIEW19:10 No. 4 Millard South Seeding Explanation23:40 Class B Playoff First Round PREVIEW25:30 Best UNDERDOGS in Class B Playoffs28:20 Class C1 Playoff First Round PREVIEW32:32 Class C2 Playoff First Round PREVIEW35:18 Class D1 Playoff Second Round PREVIEW38:58 Class D2 Playoff Second Round PREVIEW44:08 Class D6 Playoff First Round PREVIEW46:25 Jacob Padilla Shoutouts!49:50 Close, Like & Subscribe to Nebraska Preps Postgame!Follow Mike Sautter on social:Youtube: https://tinyurl.com/yh7h3tjf Twitter: http://twitter.com/mikesautter_Instagram: http://instagram.com/mikesautter Tiktok: http://tiktok.com/mikesautter Follow Hurrdat Sports on social:Twitter: http://twitter.com/hurrdatsports Instagram: http://instagram.com/hurrdatsports Tiktok: http://tiktok.com/hurrdatsports Facebook: https://www.facebook.com/HurrdatSportsHurrdat Sports is a digital production platform dedicated to the new wave of sports media. From podcasting to video interviews along with live events and entertainment, we're here to change how you consume sports. Find us online at Hurrdatsports.com#nebpreps #Nebraska #NebraskaHighSchoolFootball #HighSchoolFootball #NebraskaFootball #OmahaSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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In the immediate years after World War II, the trajectory of America's pastime looked unstoppable.  By 1949, Minor League Baseball had swelled to 59 leagues, 448 teams, and some 10,000 players - the largest network in its history. But within a decade, the advent of television, suburban migration, and shifting leisure habits began to drain fans and revenue. Hundreds of teams folded, and by 1963, the entire minor-league system was on the brink of collapse. We explore that turbulent era - the golden age of small-town clubs and ballparks, the struggles of owners and players to stay afloat, and the rescue plan that reshaped the minors for the rest of the twentieth century - with SABR baseball researcher George Pawlush, whose current books "When Minor League Baseball Almost Went Bust: 1946–1963" (a SABR-driven collection of essays); and "Dawn and Dusk of the Colonial League," which chronicles a short-lived Class B circuit from 1947 to 1950, both illuminate this fascinating period. Pawlush describes stories of teams traveling on dangerously aging buses, cash-strapped franchises uprooting for survival, and the rise of players both  transformative (like Jackie Robinson, whose minor-league stints with the Montreal Royals in 1946 helped pave the way for MLB integration) - and forgotten (like Ron Necciai, whose early 1952 strikeout feats dazzled fans and earned a call-up to the Pittsburgh Pirates later that summer) before injuries ended their careers.  We'll dig into how the minors were both a proving ground for future stars and a fragile ecosystem vulnerable to social and economic change: What caused the rapid collapse of so many leagues in the 1950s? How did the Colonial League embody both the promise and fragility of postwar baseball? And how did the 1963 Player Development Plan finally stabilize the farm system? + + +    SUPPORT THE SHOW:  Buy Us a Coffee: https://ko-fi.com/goodseatsstillavailable The "Good Seats" Store: https://www.teepublic.com/?ref_id=35106 BUY THE BOOKS (AND SUPPORT THE SHOW!): "When Minor League Baseball Almost Went Bust: 1946–1963": https://amzn.to/49dMQcX "Dawn and Dusk of the Colonial League": https://amzn.to/3WNVx6g SPONSOR THANKS (AND SUPPORT THE SHOW!):  Royal Retros (10% off promo code: SEATS): https://www.503-sports.com?aff=2 Old School Shirts.com (10% off promo code: GOODSEATS): https://oldschoolshirts.com/goodseats FIND AND FOLLOW: Linktree: https://linktr.ee/GoodSeatsStillAvailable Web: https://goodseatsstillavailable.com/ Bluesky: https://bsky.app/profile/goodseatsstillavailable.com X/Twitter: https://twitter.com/GoodSeatsStill YouTube: https://www.youtube.com/@goodseatsstillavailable Threads: https://www.threads.net/@goodseatsstillavailable Instagram: https://www.instagram.com/goodseatsstillavailable/ Facebook: https://www.facebook.com/GoodSeatsStillAvailable/ LinkedIn: https://www.linkedin.com/company/good-seats-still-available/

He lost $40 million in 2008... and built a real estate empire from the rubble. Today's guest, Levi Benkert, went from running coffee shops to flipping houses, losing $40 million in the 2008 crash, relocating his family to Ethiopia to run an orphanage and start businesses, and then returning to the US to build a thriving Class B industrial real estate empire in Texas. He breaks down the mindset shifts, lessons from failures, and disciplined strategies that turned what looked like a disaster into the comeback story of the century. If you've ever wondered how to recover from a huge setback, this episode gives you the playbook straight from someone who's done it. Tune in to hear Levi's journey from collapse to empire... and why the lessons he learned can help anyone in business or life.  — This episode is part of the 8FE (8-figure entrepreneur) series, where we talk to entrepreneurs who have already passed the million-dollar mark.  — Key Takeaways: 00:00:00 Intro 00:01:55 Understanding interest rates and market cycles  00:04:08 The Chatham forward curve  00:11:36 Levi's early business ventures  00:16:42 Fear and feelings in business 00:19:09 Transitioning to property development  00:27:05 Institutional lending 00:32:12 Losing $40M during the 2008 crash  00:41:49 Building an orphanage in Ethiopia  00:49:22 Building a beef farm in Ethiopia  00:57:51 Moving back to the US and starting Harbor Capital  01:03:15 Industrial real estate and fundraising  01:11:16 Advice for aspiring entrepreneurs  01:13:53 Outro — Additional Resources:

Week eight of Nebraska high school could be EPIC with top 10 matchups ACROSS the calendar in all classes. Mike Sautter and Jacob Padilla bring another episode of Nebraska Preps Postgame discussing the BIGGEST headlines from the week seven action. Is Omaha Westside BACK in the Class A championship discussion? Will Creighton Prep handle a rivalry matchup on Friday night? Who will stand out in Class B this week after Elkhorn North fell to Skutt? Check out ALL the playoff implications on this week's episode of Nebraska Preps Postgame. 0:00 INTRO0:50 Millard South Remains at No. 1; Face North Platte Friday Afternoon2:04 Creighton Prep Jumps to No. 2 After Fremont Win3:35 No. 3 Westside Stomps Previous No. 2 Elkhorn South6:55 Is TayTay Jenkins the BEST player in the State?8:58 Westside and Creighton Prep Preview10:48 Papillion-La Vista South Sits at No. 511:31 New Proposals for Re-Classification for Nebraska Classes14:20 No. 6 Omaha North Dominates14:58 No. 7 Omaha Central Handles Papillion-La Vista15:48 No. 8 Bellevue West Heads Into Top 10 Matchup with Omaha North17:40 No. 9 Columbus and No. 10 Kearney Face-Off20:17 Millard North Could Sneak Into Postseason21:01 Waverly Takes Top Spot in Class B22:15 No. 2 Norris Awaits No. 1 Waverly24:23 Skutt Catholic Jumps to No. 3 After Taking Down Elkhorn North30:13 No. 4 Bennington Wins at Elkhorn31:22 No. 6 Gretna East Sets Up ANOTHER Top Ten Class B Battle33:22 No. 7 Seward Keeps on Winning34:42 Class B Top Ten WrapUp35:55 Top Matchups in Class B This Week36:10 Look Ahead at Class C136:26 Look Ahead at Class C236:53 Crofton Takes Down Wausa-Osmond in 8-Man37:18 Austin Jacobsen's 8-Man and 6-Man Shoutouts39:05 Jacob Padilla Shoutouts!42:05 CLOSE, Like & Subscribe to Nebraska Preps Postgame!Follow Mike Sautter on social:Youtube: https://tinyurl.com/yh7h3tjf Twitter: http://twitter.com/mikesautter_Instagram: http://instagram.com/mikesautter Tiktok: http://tiktok.com/mikesautter Follow Hurrdat Sports on social:Twitter: http://twitter.com/hurrdatsports Instagram: http://instagram.com/hurrdatsports Tiktok: http://tiktok.com/hurrdatsports Facebook: https://www.facebook.com/HurrdatSportsHurrdat Sports is a digital production platform dedicated to the new wave of sports media. From podcasting to video interviews along with live events and entertainment, we're here to change how you consume sports. Find us online at Hurrdatsports.com#nebpreps #Nebraska #NebraskaHighSchoolFootball #HighSchoolFootball #NebraskaFootball #OmahaSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

On this week's episode of Multifamily Mastery, John Casmon interviews Victor Collazo. Victor breaks down his 50–100 unit, Class B buy box in the Dallas suburbs and why he prefers “boring and stable” markets over pricier, concession-heavy Florida metros. He explains how taxes, insurance, and new-build amenities compress value-add spreads in West Palm Beach, why his team is expanding into senior living, and how a pull-based, education-first approach helped him go from raising zero to consistently filling allocations. Victor also shares a primer on data centers and why he's researching them as AI-driven infrastructure demand grows. Victor CollazoCurrent role: Co-founder, Extraordinary Assets Based in: West Palm Beach, FloridaSay hi to them at: https://extraordinaryassets.com | LinkedIn | YouTube This is a limited time offer, so head over to aspenfunds.us/bestever to download the investor deck—or grab their quick-start guide if you're brand new to oil and gas investing. Get 50% Off Monarch Money, the all-in-one financial tool at www.monarchmoney.com with code BESTEVER Join the Best Ever Community  The Best Ever Community is live and growing - and we want serious commercial real estate investors like you inside. It's free to join, but you must apply and meet the criteria.  Connect with top operators, LPs, GPs, and more, get real insights, and be part of a curated network built to help you grow. Apply now at ⁠www.bestevercommunity.com⁠ Podcast production done by ⁠Outlier Audio⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of Zen and the Art of Real Estate Investing, Jonathan welcomes Axel Ragnarsson, Founder and Managing Partner of Aligned Real Estate Partners. Axel began his entrepreneurial journey by flipping cars in college, which eventually led him to real estate. Over the years, he built a personal portfolio of multifamily properties before expanding into syndication and capital raising. His focus is on acquiring Class B and C value-add multifamily properties, primarily in New Hampshire, with an emphasis on building lasting relationships and structuring deals that align incentives between operators and investors. Jonathan and Axel discuss the differences between transactional and relationship-driven investing, the challenges of scaling from small multifamily projects to larger ones, and why patience and consistency matter more than chasing exponential growth. Axel also explains how direct-to-seller strategies in multifamily differ from single-family approaches, how sellers often value ease and trust as much as price, and why creative deal structures can open doors that brokered deals never could. Their conversation underscores the importance of transparency, credibility, and long-term thinking in both acquisitions and raising capital from investors. If you're interested in understanding how to grow a multifamily portfolio the right way —through relationships, alignment, and steady growth —this episode provides a roadmap for approaching real estate with integrity and strategy. In this episode, you will hear: Axel Ragnarsson's progression from flipping cars to building an 80–90 unit multifamily portfolio Why he shifted from small self-owned deals to capital raising and syndications The mindset shift required for effective direct-to-seller outreach How relationship-building trumps transactional deal-making in multifamily investing The role of patience in scaling sustainably instead of chasing door counts Ways creative deal structures help unlock financing and opportunity Why aligned incentives between investors and operators are critical for long-term success Follow and Review: We'd love for you to follow us if you haven't yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We'd love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast. Supporting Resources: Aligned Real Estate Partners website - alignedrep.com Axel Ragnarsson's Instagram - www.instagram.com/multifamilywealth Connect with Axel on LinkedIn - www.linkedin.com/in/axelragnarsson Website - www.streamlined.properties YouTube - www.youtube.com/c/JonathanGreeneRE/videos Instagram - www.instagram.com/trustgreene Instagram - www.instagram.com/streamlinedproperties TikTok - www.tiktok.com/@trustgreene Zillow - www.zillow.com/profile/StreamlinedReal Bigger Pockets - www.biggerpockets.com/users/TrustGreene Facebook - www.facebook.com/streamlinedproperties Email - info@streamlined.properties Episode Credits If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.

One top team dropped, an epic top 10 Class A battle turned into a blowout, and Class B continues to get more interesting entering district play. Mike Sautter and Jacob Padilla discuss the latest happenings on this week's edition of Nebraska Preps Postgame as the duo dives into the small changes around the top 10 rankings for EACH class in Nebraska high school football. 0:00 INTRO0:29 Millard South Takes Down Papillion-La Vista; Jett Thomalla Record Watch4:16 Elkhorn South Blanks Omaha Burke5:32 Creighton Prep's Defense Handles Omaha Central in Game of the Week11:58 Omaha Westside Gets Back to Winning; Big Matchup at Elkhorn South14:46 Papillion-La Vista South Enters Top Five17:32 Omaha North Takes Down Buena Vista18:26 Bellevue West Remains in Top 1019:20 Millard North Takes Upset Win over Lincoln East20:20 Columbus Enters Top 10; Sets up Top 10 Matchup with Lincoln East21:07 No Movement in Class B Top 1021:26 Elkhorn North Easily Wins, Remains No. 122:06 Waverly, Norris Stays at No. 2 and No. 323:25 Bennington Sits at No. 424:15 No. 5 Gretna East, No. 6 Omaha Skutt Catholic Set Up Big Matchups for District Play25:42 No. 7 Seward Flexes in Win at Northwest26:47 No. 8 Scottsbluff Wins Rivalry Matchup with Gering28:02 Class B Top 10 Wrap Up28:26 O'Neill Handles Pierce in Second Half for Top 10 win29:05 No. 4 Sidney Takes Down Ogallala30:12 Class C1 Wrap-Up30:25 A New No. 1 in Class C2; Cedar Catholic Takes Top Spot31:50 Ord Upsets Grand Island Central Catholic32:40 Ethan Latta Takes 8-Man Interception Record for Dundy County Stratton35:00 Jacob Padilla Week Six Shoutouts!38:10 CLOSE, Like & Subscribe to Nebraska Prep Postgame!Follow Mike Sautter on social:Youtube: https://tinyurl.com/yh7h3tjf Twitter: http://twitter.com/mikesautter_Instagram: http://instagram.com/mikesautter Tiktok: http://tiktok.com/mikesautter Follow Hurrdat Sports on social:Twitter: http://twitter.com/hurrdatsports Instagram: http://instagram.com/hurrdatsports Tiktok: http://tiktok.com/hurrdatsports Facebook: https://www.facebook.com/HurrdatSportsHurrdat Sports is a digital production platform dedicated to the new wave of sports media. From podcasting to video interviews along with live events and entertainment, we're here to change how you consume sports. Find us online at Hurrdatsports.com#nebpreps #Nebraska #NebraskaHighSchoolFootball #HighSchoolFootball #NebraskaFootball #OmahaSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Buying sub-institutional size deals entails less competition, and therefore lower prices. In the $3 - $10 million dollar range, competition is mostly local to a specific market with a buyer pool that generally doesn't include national or regional players. David Hrizak, CEO of The Streamline Companies, buys, builds and manages across various asset classes in Phoenix, the 5th largest market in the country. Over the past three years, David has focused on Class B office and Medical Office. Class B office has been a great category because most tenants can't afford Class A and don't require extravagant amenities. Medical Office is a sweet spot that correlates to the aging of our population and the growth of Health Care.

The Federal Reserve just announced its first interest rate cut in over a year, and investors everywhere are asking: What does this mean for the economy and for us? In this solo episode, Amy Sylvis breaks down the ripple effects of this 25-basis-point move, what it signals for the markets, how it impacts commercial real estate, and where opportunities may lie. From jobs data revisions to asset inflation, Amy provides practical insight into navigating uncertainty while staying positioned for resilient growth.Whether you're curious about the Fed's next steps, how institutional capital is moving, or why Class B apartments remain a strong play, this episode will give you clarity and confidence to keep building financial abundance.Connect with Amy Sylvis:https://www.linkedin.com/in/amysylvis/Contact Us:https://www.sylviscapital.comhttps://www.sylviscapital.com/webinar00:00 Intro01:01 Understanding the Federal Reserve's Rate Cut02:10 Impact on Commercial Real Estate03:23 Upcoming Training and Webinar04:20 Market Reactions and Future Projections05:32 Job Market and Economic Data10:03 Investment Strategies in Real Estate13:56 Conclusion and Final Thoughts16:05 Disclaimer and Financial Advice

Listener Chris C sparked this week's conversation with a thoughtful question about infrequent flying: "I have to think there's a whole class of pilots out there like me who just don't get up in the air very often... how I'll probably be camping on Mount Stupid for years at my current rate of flying." The crew dives deep into proficiency, imposter syndrome, and why flying once a month doesn't make you any less of a pilot.In this episode:Chris C's honest take on being an infrequent flyer and what it means for skills, risk assessment, and confidenceBrian's insight: "You're not somebody that's rusty. You're somebody that is consciously, willfully not flying a lot, but flying a little"Why "there are millions of people in this country that don't have a pilot license at all—so you're flying more than them"Ben confesses to his wrong-runway landing in Florida: "I turned all the blood left my face"Strut collapses, coyote wrangling, and why the instrument written is "just a hazing"Bonus wisdom: "VFR flying is like break dancing. IFR flying is like cotillion." Also: Don't write "oops, landed wrong runway" in your logbook.Thanks to Chris C for the episode inspiration and for reminding us that thoughtful, safety-conscious flying matters way more than your Hobbs meter.Mentioned on the Show:List of Class B airports - WikipediaList of Class C airports with traffic volume - WikipediaSheppard Air - Written test prepTriple Tree Fly-In - Sep 22-28, SC00 Spartanburg, SCMusic City STOL - Oct 10-11, XNX Gallatin, TNSwift National Fly-In - Oct 1-5, MMI Athens, TNCheckMate Aviation - Barry's aviation businessThe in person (online) guided IFR course Brian is taking is from our friend of the show CFII Erica Gilbert, and you can sign up here: https://www.gilbertaviation.com/ifrSupport the Show:Join the Patreon community for Discord access, exclusive content, and check ride debriefs: Patreon.com/MidlifePilotPodcastVisit MidlifePilotPodcast.com for merch, feedback, and all things Midlife Pilot PodcastLeave us a 5-star reviewSubscribe and catch us live most Monday nights at 8 PM ET on YouTube: youtube.com/@midlifepilotpodcast10% of Patreon proceeds support Freedom Aviation Network's anti-human trafficking effortswww.freedomaviationnetwork.org

One of the most common concerns we hear from small-town leaders and residents is the idea of the “brain drain,” or the fear that young people will leave and never return. This is a very valid fear, but there is so much we can do about it! We are so excited to welcome one of our very own, Jaci Praska, who grew up in our small town of Oakes, ND, to talk to us about just how we get to keep people like her!  About Jaci: I attend the University of North Dakota, where I am double-majoring in Accounting and Public Affairs. While attending UND, I also work as a Peer Mentor in the Nistler College of Business Pancratz Center and serve as Vice-President of the UND Sales team, traveling nationwide to compete in sales competitions while learning from industry professionals. I am also a member of UND's Women in Business Club and Marketing Club. I grew up in Oakes, ND, working in my family's local hardware store, where I have seen firsthand the power of small-town community. I have always been deeply involved in our community food pantry, where we strive to serve our community members in need.  In high school, I was honored to represent students of North Dakota as a North Dakota High School Activities Association Distinguished Student and on the North Dakota Association of Student Councils State Board as the Class B representative. I was also involved in volleyball, basketball, track, choir, FFA, Honor Society, and Student Ambassadors giving me the true “Class B” experience!  In this episode, we cover: The tension  young people feel between opportunities in the “big city,” and their roots at home How family businesses and strong community shape future leaders Breaking the stigma around “coming back” to your hometown. Myths and realities about Gen Z in the workplace, especially around work ethic. The importance of celebrating returners and reframing the narrative about North Dakota. Links + Resources Mentioned: Praska Hardware Facebook: facebook.com/praskashardwarehank Sponsor Spotlight: Brodie Mueller and The Market on the Plaza In small towns, coffee is more than caffeine. It's community! Market on the Plaza roasts beans locally in Aberdeen, in small batches for the freshest, richest cup to start your day or for an afternoon pick-me-up. Stop in to grab a bag for home or linger over a cup with neighbors. Proudly local, always welcoming. This week's Small-Town Shout-Out is: Fort Pierre, SD! Sunny shared the things that make Fort Pier fantastic: the people, their history, the rodeos, and their new Missouri River Bridge. Sounds like we all need to make a trip to Fort Pierre and experience all that awesomeness for ourselves! Way to go, Fort Pierre. We Want to Hear From You! Some of the best parts about radio shows and podcasts are listener call-ins, so we've decided to make those a part of the Growing Small Towns Podcast. We really, really want to hear from you! We're have two “participation dance” elements of the show: “Small town humblebrags”: Call in and tell us about something amazing you did in your small town so we can celebrate with you. No win is too small—we want to hear it all, and we will be excessively enthusiastic about whatever it is! You can call in for your friends, too, because giving shout-outs is one of our favorite things.  “Solving Your Small-Town People Challenges”: Have a tough issue in your community? We want to help. Call in and tell us about your problem, and we'll solve it on an episode of the podcast. Want to remain anonymous? Totally cool, we can be all secretive and stuff. We're suave like that.  If you've got a humblebrag or a tricky people problem, call 701-203-3337 and leave a message with the deets. We really can't wait to hear from you!  Get In Touch Have an idea for a future episode/guest, have feedback or a question, or just want to chat? Email us at hello@growingsmalltowns.org Subscribe + Review Thanks for tuning into this week's episode of The Growing Small Towns Show! If the information in our conversations and interviews has helped you in your small town, head out to Apple Podcasts, Stitcher, or Spotify, subscribe to the show, and leave us an honest review. Your reviews and feedback will not only help us continue to deliver relevant, helpful content, but it will also help us reach even more small-town trailblazers just like you!

In this Crown Refs community rules session, Chris Velaoras and Mikaiya Moore led an in-depth breakdown of Rule 10: Fouls and Penalties, providing referees with the knowledge and clarity they need heading into the season. The discussion explored the different categories of fouls, including Flagrant 1 and Flagrant 2, using the WIF principle—windup, impact, and follow-through—as a practical framework to help officials assess severity on the court. The session also addressed contact dead-ball technical fouls and offered insight into how referees can apply judgment in live-game situations with confidence and consistency.The group also reviewed the distinctions between Class A and Class B technical fouls, complete with examples that translate the rulebook into real-game application. Whether you're a newer official or a veteran preparing for the upcoming refresher exam, this session offered a valuable chance to sharpen your understanding of penalties, improve consistency, and grow more comfortable handling high-pressure calls.

Get 30% off your next mattress from Brooklyn Bedding at https://rvmattress.com/rvmiles with code RVMILES This week, Coachmen RV reveals its first electric Class B motorhome, the RVEX, aimed at being affordable and sustainable. Thor Industries introduced the Embark, an electric Class A motorhome, featuring a gasoline range extender for extended trips. We also cover new product lines from Venture RV and East to West RV, and discuss the potential acquisition of Lazydays by Campers Inn RV. And I touch on recent gas price surges in the Pacific Northwest.  Get your first month of Mile Marker Membership FREE at https://rvmiles.memberful.com/checkout?plan=96363 with code RVMILES.  Subscribe to the RV Miles Podcast Channel: https://www.youtube.com/RVMilesPodcast.  ****************************** Connect with RV Miles:  RV Miles Facebook Group: https://www.facebook.com/groups/rvmiles Shop the RV Miles Amazon Store: https://www.amazon.com/shop/rvmiles RV Miles Mailing List: https://rvmiles.com/mailinglist Mile Marker Membership: https://rvmiles.com/milemarkers 00:00 Introduction 00:49 Coachman RV's Electric Class B Motorhome 03:47 Thor Industries' Range-Extended Class A Motorhome 07:05 New Product Lines from Venture RV and East to West RV 08:08 Awaken RV's Delayed Unveiling 08:40 Lazydays Dealership Acquisition 09:17 Gas Price Surge in the Pacific Northwest 10:03 Conclusion and Membership Invitation

Send us a textKristen and Jen dive into the real-life Succession drama unfolding inside the Murdoch family, breaking down the legal battle over the Fox and News Corp trust that controls the family's Class B super-voting shares. They explain how Rupert and Lachlan Murdoch secured a deal to buy out their siblings at a discount, why dual-class share structures matter for corporate control, and how this settlement resolves questions around long-term leadership of Fox Corp. The hosts connect it back to valuation, governance, and even their own courses, showing how the Disney–Fox transaction and the Murdoch saga mirror the themes of HBO's Succession while providing a real-world case study in M&A and family business dynamics.They also preview next Wednesday that they will be streaming live on YouTube immediately after the FOMC meeting to break down the Fed's statement and market reaction in real time. They'll be joined by the global head of income at a $650+ billion investment firm to give listeners a rare, trading-floor perspective on how professionals dissect every nuance of Fed language and position themselves in the bond market. Expect sharp analysis on yields, funding pressures, and curve moves—plus the chance to watch the news unfold live with expert commentary.For a 14 day FREE Trial of Macabacus, click HERE For 20% off Deleteme, use the code TWSS or click the link HERE! Sign up for our LIVE Virtual Bootcamps! 2-Day Financial Modeling Bootcamp Master the technical Excel and accounting skills essential for investment banking, private equity, and fundamental investing. (Learn more HERE) Global Markets & Investing PlaybookA one-day crash course on the financial ecosystem, perfect for anyone seeking a big-picture understanding of how global markets and Wall Street fit together. Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. (Learn more HERE)

Last time we spoke about the surrender of Japan. Emperor Hirohito announced the surrender on August 15, prompting mixed public reactions: grief, shock, and sympathy for the Emperor, tempered by fear of hardship and occupation. The government's response included resignations and suicide as new leadership was brought in under Prime Minister Higashikuni, with Mamoru Shigemitsu as Foreign Minister and Kawabe Torashiro heading a delegation to Manila. General MacArthur directed the occupation plan, “Blacklist,” prioritizing rapid, phased entry into key Japanese areas and Korea, while demobilizing enemy forces. The surrender ceremony occurred aboard the Missouri in Tokyo Bay on September 2, with Wainwright, Percival, Nimitz, and UN representatives in attendance. Civilians and soldiers across Asia began surrendering, and postwar rehabilitation, Indochina and Vietnam's independence movements, and Southeast Asian transitions rapidly unfolded as Allied forces established control. This episode is the Aftermath of the Pacific War Welcome to the Pacific War Podcast Week by Week, I am your dutiful host Craig Watson. But, before we start I want to also remind you this podcast is only made possible through the efforts of Kings and Generals over at Youtube. Perhaps you want to learn more about world war two? Kings and Generals have an assortment of episodes on world war two and much more  so go give them a look over on Youtube. So please subscribe to Kings and Generals over at Youtube and to continue helping us produce this content please check out www.patreon.com/kingsandgenerals. If you are still hungry for some more history related content, over on my channel, the Pacific War Channel you can find a few videos all the way from the Opium Wars of the 1800's until the end of the Pacific War in 1945.  The Pacific War has ended. Peace has been restored by the Allies and most of the places conquered by the Japanese Empire have been liberated. In this post-war period, new challenges would be faced for those who won the war; and from the ashes of an empire, a defeated nation was also seeking to rebuild. As the Japanese demobilized their armed forces, many young boys were set to return to their homeland, even if they had previously thought that they wouldn't survive the ordeal. And yet, there were some cases of isolated men that would continue to fight for decades even, unaware that the war had already ended.  As we last saw, after the Japanese surrender, General MacArthur's forces began the occupation of the Japanese home islands, while their overseas empire was being dismantled by the Allies. To handle civil administration, MacArthur established the Military Government Section, commanded by Brigadier-General William Crist, staffed by hundreds of US experts trained in civil governance who were reassigned from Okinawa and the Philippines. As the occupation began, Americans dispatched tactical units and Military Government Teams to each prefecture to ensure that policies were faithfully carried out. By mid-September, General Eichelberger's 8th Army had taken over the Tokyo Bay region and began deploying to occupy Hokkaido and the northern half of Honshu. Then General Krueger's 6th Army arrived in late September, taking southern Honshu and Shikoku, with its base in Kyoto. In December, 6th Army was relieved of its occupation duties; in January 1946, it was deactivated, leaving the 8th Army as the main garrison force. By late 1945, about 430,000 American soldiers were garrisoned across Japan. President Truman approved inviting Allied involvement on American terms, with occupation armies integrated into a US command structure. Yet with the Chinese civil war and Russia's reluctance to place its forces under MacArthur's control, only Australia, Britain, India, and New Zealand sent brigades, more than 40,000 troops in southwestern Japan. Japanese troops were gradually disarmed by order of their own commanders, so the stigma of surrender would be less keenly felt by the individual soldier. In the homeland, about 1.5 million men were discharged and returned home by the end of August. Demobilization overseas, however, proceeded, not quickly, but as a long, difficult process of repatriation. In compliance with General Order No. 1, the Japanese Imperial General Headquarters disbanded on September 13 and was superseded by the Japanese War Department to manage demobilization. By November 1, the homeland had demobilized 2,228,761 personnel, roughly 97% of the Homeland Army. Yet some 6,413,215 men remained to be repatriated from overseas. On December 1, the Japanese War Ministry dissolved, and the First Demobilization Ministry took its place. The Second Demobilization Ministry was established to handle IJN demobilization, with 1,299,868 sailors, 81% of the Navy, demobilized by December 17. Japanese warships and merchant ships had their weapons rendered inoperative, and suicide craft were destroyed. Forty percent of naval vessels were allocated to evacuations in the Philippines, and 60% to evacuations of other Pacific islands. This effort eventually repatriated about 823,984 men to Japan by February 15, 1946. As repatriation accelerated, by October 15 only 1,909,401 men remained to be repatriated, most of them in the Soviet Union. Meanwhile, the Higashikuni Cabinet and Foreign Minister Shigemitsu Mamoru managed to persuade MacArthur not to impose direct military rule or martial law over all of Japan. Instead, the occupation would be indirect, guided by the Japanese government under the Emperor's direction. An early decision to feed occupation forces from American supplies, and to allow the Japanese to use their own limited food stores, helped ease a core fear: that Imperial forces would impose forced deliveries on the people they conquered. On September 17, MacArthur transferred his headquarters from Yokohama to Tokyo, setting up primary offices on the sixth floor of the Dai-Ichi Mutual Life Insurance Building, an imposing edifice overlooking the moat and the Imperial palace grounds in Hibiya, a symbolic heart of the nation.  While the average soldier did not fit the rapacious image of wartime Japanese propagandists, occupation personnel often behaved like neo-colonial overlords. The conquerors claimed privileges unimaginable to most Japanese. Entire trains and train compartments, fitted with dining cars, were set aside for the exclusive use of occupation forces. These silenced, half-empty trains sped past crowded platforms, provoking ire as Japanese passengers were forced to enter and exit packed cars through punched-out windows, or perch on carriage roofs, couplings, and running boards, often with tragic consequences. The luxury express coaches became irresistible targets for anonymous stone-throwers. During the war, retrenchment measures had closed restaurants, cabarets, beer halls, geisha houses, and theatres in Tokyo and other large cities. Now, a vast leisure industry sprang up to cater to the needs of the foreign occupants. Reopened restaurants and theatres, along with train stations, buses, and streetcars, were sometimes kept off limits to Allied personnel, partly for security, partly to avoid burdening Japanese resources, but a costly service infrastructure was built to the occupiers' specifications. Facilities reserved for occupation troops bore large signs reading “Japanese Keep Out” or “For Allied Personnel Only.” In downtown Tokyo, important public buildings requisitioned for occupation use had separate entrances for Americans and Japanese. The effect? A subtle but clear colour bar between the predominantly white conquerors and the conquered “Asiatic” Japanese. Although MacArthur was ready to work through the Japanese government, he lacked the organizational infrastructure to administer a nation of 74 million. Consequently, on October 2, MacArthur dissolved the Military Government Section and inaugurated General Headquarters, Supreme Commander for the Allied Powers, a separate headquarters focused on civil affairs and operating in tandem with the Army high command. SCAP immediately assumed responsibility for administering the Japanese home islands. It commandeered every large building not burned down to house thousands of civilians and requisitioned vast tracts of prime real estate to quarter several hundred thousand troops in the Tokyo–Yokohama area alone. Amidst the rise of American privilege, entire buildings were refurbished as officers' clubs, replete with slot machines and gambling parlours installed at occupation expense. The Stars and Stripes were hoisted over Tokyo, while the display of the Rising Sun was banned; and the downtown area, known as “Little America,” was transformed into a US enclave. The enclave mentality of this cocooned existence was reinforced by the arrival within the first six months of roughly 700 American families. At the peak of the occupation, about 14,800 families employed some 25,000 Japanese servants to ease the “rigours” of overseas duty. Even enlisted men in the sparse quonset-hut towns around the city lived like kings compared with ordinary Japanese. Japanese workers cleaned barracks, did kitchen chores, and handled other base duties. The lowest private earned a 25% hardship bonus until these special allotments were discontinued in 1949. Most military families quickly adjusted to a pampered lifestyle that went beyond maids and “boys,” including cooks, laundresses, babysitters, gardeners, and masseuses. Perks included spacious quarters with swimming pools, central heating, hot running water, and modern plumbing. Two observers compared GHQ to the British Raj at its height. George F. Kennan, head of the State Department's Policy Planning Staff, warned during his 1948 mission to Japan that Americans had monopolized “everything that smacks of comfort or elegance or luxury,” criticizing what he called the “American brand of philistinism” and the “monumental imperviousness” of MacArthur's staff to the Japanese suffering. This conqueror's mentality also showed in the bullying attitudes many top occupation officials displayed toward the Japanese with whom they dealt. Major Faubion Bowers, MacArthur's military secretary, later said, “I and nearly all the occupation people I knew were extremely conceited and extremely arrogant and used our power every inch of the way.” Initially, there were spasms of defiance against the occupation forces, such as anonymous stone-throwing, while armed robbery and minor assaults against occupation personnel were rife in the weeks and months after capitulation. Yet active resistance was neither widespread nor organized. The Americans successfully completed their initial deployment without violence, an astonishing feat given a heavily armed and vastly superior enemy operating on home terrain. The average citizen regarded the occupation as akin to force majeure, the unfortunate but inevitable aftermath of a natural calamity. Japan lay prostrate. Industrial output had fallen to about 10% of pre-war levels, and as late as 1946, more than 13 million remained unemployed. Nearly 40% of Japan's urban areas had been turned to rubble, and some 9 million people were homeless. The war-displaced, many of them orphans, slept in doorways and hallways, in bombed-out ruins, dugouts and packing crates, under bridges or on pavements, and crowded the hallways of train and subway stations. As winter 1945 descended, with food, fuel, and clothing scarce, people froze to death. Bonfires lit the streets to ward off the chill. "The only warm hands I have shaken thus far in Japan belonged to Americans," Mark Gayn noted in December 1945. "The Japanese do not have much of a chance to thaw out, and their hands are cold and red." Unable to afford shoes, many wore straw sandals; those with geta felt themselves privileged. The sight of a man wearing a woman's high-buttoned shoes in winter epitomized the daily struggle to stay dry and warm. Shantytowns built of scrap wood, rusted metal, and scavenged odds and ends sprang up everywhere, resembling vast junk yards. The poorest searched smouldering refuse heaps for castoffs that might be bartered for a scrap to eat or wear. Black markets (yami'ichi) run by Japanese, Koreans, and For-mosans mushroomed to replace collapsed distribution channels and cash in on inflated prices. Tokyo became "a world of scarcity in which every nail, every rag, and even a tangerine peel [had a] market value." Psychologically numbed, disoriented, and disillusioned with their leaders, demobilized veterans and civilians alike struggled to get their bearings, shed militaristic ideologies, and begin to embrace new values. In the vacuum of defeat, the Japanese people appeared ready to reject the past and grasp at the straw held out by the former enemy. Relations between occupier and occupied were not smooth, however. American troops comported themselves like conquerors, especially in the early weeks and months of occupation. Much of the violence was directed against women, with the first attacks beginning within hours after the landing of advance units. When US paratroopers landed in Sapporo, an orgy of looting, sexual violence, and drunken brawling ensued. Newspaper accounts reported 931 serious offences by GIs in the Yokohama area during the first week of occupation, including 487 armed robberies, 411 thefts of currency or goods, 9 rapes, 5 break-ins, 3 cases of assault and battery, and 16 other acts of lawlessness. In the first 10 days of occupation, there were 1,336 reported rapes by US soldiers in Kanagawa Prefecture alone. Americans were not the only perpetrators. A former prostitute recalled that when Australian troops arrived in Kure in early 1946, they “dragged young women into their jeeps, took them to the mountain, and then raped them. I heard them screaming for help nearly every night.” Such behaviour was commonplace, but news of criminal activity by occupation forces was quickly suppressed. On September 10, 1945, SCAP issued press and pre-censorship codes outlawing the publication of reports and statistics "inimical to the objectives of the occupation." In the sole instance of self-help General Eichelberger records in his memoirs, when locals formed a vigilante group and retaliated against off-duty GIs, 8th Army ordered armored vehicles into the streets and arrested the ringleaders, who received lengthy prison terms. Misbehavior ranged from black-market activity, petty theft, reckless driving, and disorderly conduct to vandalism, arson, murder, and rape. Soldiers and sailors often broke the law with impunity, and incidents of robbery, rape, and even murder were widely reported. Gang rapes and other sex atrocities were not infrequent; victims, shunned as outcasts, sometimes turned to prostitution in desperation, while others took their own lives to avoid bringing shame to their families. Military courts arrested relatively few soldiers for these offenses and convicted even fewer; Japanese attempts at self-defense were punished severely, and restitution for victims was rare. Fearing the worst, Japanese authorities had already prepared countermeasures against the supposed rapacity of foreign soldiers. Imperial troops in East Asia and the Pacific had behaved brutally toward women, so the government established “sexual comfort-stations” manned by geisha, bar hostesses, and prostitutes to “satisfy the lust of the Occupation forces,” as the Higashikuni Cabinet put it. A budget of 100 million yen was set aside for these Recreation and Amusement Associations, financed initially with public funds but run as private enterprises under police supervision. Through these, the government hoped to protect the daughters of the well-born and middle class by turning to lower-class women to satisfy the soldiers' sexual appetites. By the end of 1945, brothel operators had rounded up an estimated 20,000 young women and herded them into RAA establishments nationwide. Eventually, as many as 70,000 are said to have ended up in the state-run sex industry. Thankfully, as military discipline took hold and fresh troops replaced the Allied veterans responsible for the early crime wave, violence subsided and the occupier's patronising behavior and the ugly misdeeds of a lawless few were gradually overlooked. However, fraternisation was frowned upon by both sides, and segregation was practiced in principle, with the Japanese excluded from areas reserved for Allied personnel until September 1949, when MacArthur lifted virtually all restrictions on friendly association, stating that he was “establishing the same relations between occupation personnel and the Japanese population as exists between troops stationed in the United States and the American people.” In principle, the Occupation's administrative structure was highly complex. The Far Eastern Commission, based in Washington, included representatives from all 13 countries that had fought against Japan and was established in 1946 to formulate basic principles. The Allied Council for Japan was created in the same year to assist in developing and implementing surrender terms and in administering the country. It consisted of representatives from the USA, the USSR, Nationalist China, and the British Commonwealth. Although both bodies were active at first, they were largely ineffectual due to unwieldy decision-making, disagreements between the national delegations (especially the USA and USSR), and the obstructionism of General Douglas MacArthur. In practice, SCAP, the executive authority of the occupation, effectively ruled Japan from 1945 to 1952. And since it took orders only from the US government, the Occupation became primarily an American affair. The US occupation program, effectively carried out by SCAP, was revolutionary and rested on a two-pronged approach. To ensure Japan would never again become a menace to the United States or to world peace, SCAP pursued disarmament and demilitarization, with continuing control over Japan's capacity to make war. This involved destroying military supplies and installations, demobilizing more than five million Japanese soldiers, and thoroughly discrediting the military establishment. Accordingly, SCAP ordered the purge of tens of thousands of designated persons from public service positions, including accused war criminals, military officers, leaders of ultranationalist societies, leaders in the Imperial Rule Assistance Association, business leaders tied to overseas expansion, governors of former Japanese colonies, and national leaders who had steered Japan into war. In addition, MacArthur's International Military Tribunal for the Far East established a military court in Tokyo. It had jurisdiction over those charged with Class A crimes, top leaders who had planned and directed the war. Also considered were Class B charges, covering conventional war crimes, and Class C charges, covering crimes against humanity. Yet the military court in Tokyo wouldn't be the only one. More than 5,700 lower-ranking personnel were charged with conventional war crimes in separate trials convened by Australia, China, France, the Dutch East Indies, the Philippines, the United Kingdom, and the United States. Of the 5,700 Japanese individuals indicted for Class B war crimes, 984 were sentenced to death; 475 received life sentences; 2,944 were given more limited prison terms; 1,018 were acquitted; and 279 were never brought to trial or not sentenced. Among these, many, like General Ando Rikichi and Lieutenant-General Nomi Toshio, chose to commit suicide before facing prosecution. Notable cases include Lieutenant-General Tani Hisao, who was sentenced to death by the Nanjing War Crimes Tribunal for his role in the Nanjing Massacre; Lieutenant-General Sakai Takashi, who was executed in Nanjing for the murder of British and Chinese civilians during the occupation of Hong Kong. General Okamura Yasuji was convicted of war crimes by the Tribunal, yet he was immediately protected by the personal order of Nationalist leader Chiang Kai-Shek, who kept him as a military adviser for the Kuomintang. In the Manila trials, General Yamashita Tomoyuki was sentenced to death as he was in overall command during the Sook Ching massacre, the Rape of Manila, and other atrocities. Lieutenant-General Homma Masaharu was likewise executed in Manila for atrocities committed by troops under his command during the Bataan Death March. General Imamura Hitoshi was sentenced to ten years in prison, but he considered the punishment too light and even had a replica of the prison built in his garden, remaining there until his death in 1968. Lieutenant-General Kanda Masatane received a 14-year sentence for war crimes on Bougainville, though he served only four years. Lieutenant-General Adachi Hatazo was sentenced to life imprisonment for war crimes in New Guinea and subsequently committed suicide on September 10, 1947. Lieutenant-General Teshima Fusataro received three years of forced labour for using a hospital ship to transport troops. Lieutenant-General Baba Masao was sentenced to death for ordering the Sandakan Death Marches, during which over 2,200 Australian and British prisoners of war perished. Lieutenant-General Tanabe Moritake was sentenced to death by a Dutch military tribunal for unspecified war crimes. Rear-Admiral Sakaibara Shigematsu was executed in Guam for ordering the Wake Island massacre, in which 98 American civilians were murdered. Lieutenant-General Inoue Sadae was condemned to death in Guam for permitting subordinates to execute three downed American airmen captured in Palau, though his sentence was commuted to life imprisonment in 1951 and he was released in 1953. Lieutenant-General Tachibana Yoshio was sentenced to death in Guam for his role in the Chichijima Incident, in which eight American airmen were cannibalized. By mid-1945, due to the Allied naval blockade, the 25,000 Japanese troops on Chichijima had run low on supplies. However, although the daily rice ration had been reduced from 400 grams per person per day to 240 grams, the troops were not at risk of starvation. In February and March 1945, in what would later be called the Chichijima incident, Tachibana Yoshio's senior staff turned to cannibalism. Nine American airmen had escaped from their planes after being shot down during bombing raids on Chichijima, eight of whom were captured. The ninth, the only one to evade capture, was future US President George H. W. Bush, then a 20-year-old pilot. Over several months, the prisoners were executed, and reportedly by the order of Major Matoba Sueyo, their bodies were butchered by the division's medical orderlies, with the livers and other organs consumed by the senior staff, including Matoba's superior Tachibana. In the Yokohama War Crimes Trials, Lieutenant-Generals Inada Masazumi and Yokoyama Isamu were convicted for their complicity in vivisection and other human medical experiments performed at Kyushu Imperial University on downed Allied airmen. The Tokyo War Crimes Trial, which began in May 1946 and lasted two and a half years, resulted in the execution by hanging of Generals Doihara Kenji and Itagaki Seishiro, and former Prime Ministers Hirota Koki and Tojo Hideki, for war crimes, crimes against humanity, and crimes against peace, specifically for the escalation of the Pacific War and for permitting the inhumane treatment of prisoners of war. Also sentenced to death were Lieutenant-General Muto Akira for his role in the Nanjing and Manila massacres; General Kimura Heitaro for planning the war strategy in China and Southeast Asia and for laxity in preventing atrocities against prisoners of war in Burma; and General Matsui Iwane for his involvement in the Rape of Nanjing. The seven defendants who were sentenced to death were executed at Sugamo Prison in Ikebukuro on December 23, 1948. Sixteen others were sentenced to life imprisonment, including the last Field Marshal Hata Shunroku, Generals Araki Sadao, Minami Hiro, and Umezu Shojiro, Admiral Shimada Shigetaro, former Prime Ministers Hiranuma Kiichiro and Koiso Kuniaki, Marquis Kido Koichi, and Colonel Hashimoto Kingoro, a major instigator of the second Sino-Japanese War. Additionally, former Foreign Ministers Togo Shigenori and Shigemitsu Mamoru received seven- and twenty-year sentences, respectively. The Soviet Union and Chinese Communist forces also held trials of Japanese war criminals, including the Khabarovsk War Crime Trials, which tried and found guilty some members of Japan's bacteriological and chemical warfare unit known as Unit 731. However, those who surrendered to the Americans were never brought to trial, as MacArthur granted immunity to Lieutenant-General Ishii Shiro and all members of the bacteriological research units in exchange for germ-w warfare data derived from human experimentation. If you would like to learn more about what I like to call Japan's Operation Paper clip, whereupon the US grabbed many scientists from Unit 731, check out my exclusive podcast. The SCAP-turn to democratization began with the drafting of a new constitution in 1947, addressing Japan's enduring feudal social structure. In the charter, sovereignty was vested in the people, and the emperor was designated a “symbol of the state and the unity of the people, deriving his position from the will of the people in whom resides sovereign power.” Because the emperor now possessed fewer powers than European constitutional monarchs, some have gone so far as to say that Japan became “a republic in fact if not in name.” Yet the retention of the emperor was, in fact, a compromise that suited both those who wanted to preserve the essence of the nation for stability and those who demanded that the emperor system, though not necessarily the emperor, should be expunged. In line with the democratic spirit of the new constitution, the peerage was abolished and the two-chamber Diet, to which the cabinet was now responsible, became the highest organ of state. The judiciary was made independent and local autonomy was granted in vital areas of jurisdiction such as education and the police. Moreover, the constitution stipulated that “the people shall not be prevented from enjoying any of the fundamental human rights,” that they “shall be respected as individuals,” and that “their right to life, liberty, and the pursuit of happiness shall … be the supreme consideration in legislation.” Its 29 articles guaranteed basic human rights: equality, freedom from discrimination on the basis of race, creed, sex, social status or family origin, freedom of thought and freedom of religion. Finally, in its most controversial section, Article 9, the “peace clause,” Japan “renounce[d] war as a sovereign right of the nation” and vowed not to maintain any military forces and “other war potential.” To instill a thoroughly democratic ethos, reforms touched every facet of society. The dissolution of the zaibatsu decentralised economic power; the 1945 Labour Union Law and the 1946 Labour Relations Act guaranteed workers the right to collective action; the 1947 Labour Standards Law established basic working standards for men and women; and the revised Civil Code of 1948 abolished the patriarchal household and enshrined sexual equality. Reflecting core American principles, SCAP introduced a 6-3-3 schooling system, six years of compulsory elementary education, three years of junior high, and an optional three years of senior high, along with the aim of secular, locally controlled education. More crucially, ideological reform followed: censorship of feudal material in media, revision of textbooks, and prohibition of ideas glorifying war, dying for the emperor, or venerating war heroes. With women enfranchised and young people shaped to counter militarism and ultranationalism, rural Japan was transformed to undermine lingering class divisions. The land reform program provided for the purchase of all land held by absentee landlords, allowed resident landlords and owner-farmers to retain a set amount of land, and required that the remaining land be sold to the government so it could be offered to existing tenants. In 1948, amid the intensifying tensions of the Cold War that would soon culminate in the Korean War, the occupation's focus shifted from demilitarization and democratization toward economic rehabilitation and, ultimately, the remilitarization of Japan, an shift now known as the “Reverse Course.” The country was thus rebuilt as the Pacific region's primary bulwark against the spread of Communism. An Economic Stabilisation Programme was introduced, including a five-year plan to coordinate production and target capital through the Reconstruction Finance Bank. In 1949, the anti-inflationary Dodge Plan was adopted, advocating balanced budgets, fixing the exchange rate at 360 yen to the dollar, and ending broad government intervention. Additionally, the Ministry of International Trade and Industry was formed and supported the formation of conglomerates centered around banks, which encouraged the reemergence of a somewhat weakened set of zaibatsu, including Mitsui and Mitsubishi. By the end of the Occupation era, Japan was on the verge of surpassing its 1934–1936 levels of economic growth. Equally important was Japan's rearmament in alignment with American foreign policy: a National Police Reserve of about 75,000 was created with the outbreak of the Korean War; by 1952 it had expanded to 110,000 and was renamed the Self-Defense Force after the inclusion of an air force. However, the Reverse Course also facilitated the reestablishment of conservative politics and the rollback of gains made by women and the reforms of local autonomy and education. As the Occupation progressed, the Americans permitted greater Japanese initiative, and power gradually shifted from the reformers to the moderates. By 1949, the purge of the right came under review, and many who had been condemned began returning to influence, if not to the Diet, then to behind-the-scenes power. At the same time, Japanese authorities, with MacArthur's support, began purging left-wing activists. In June 1950, for example, the central office of the Japan Communist Party and the editorial board of The Red Flag were purged. The gains made by women also seemed to be reversed. Women were elected to 8% of available seats in the first lower-house election in 1946, but to only 2% in 1952, a trend not reversed until the so-called Madonna Boom of the 1980s. Although the number of women voting continued to rise, female politicisation remained more superficial than might be imagined. Women's employment also appeared little affected by labour legislation: though women formed nearly 40% of the labor force in 1952, they earned only 45% as much as men. Indeed, women's attitudes toward labor were influenced less by the new ethos of fulfilling individual potential than by traditional views of family and workplace responsibilities. In the areas of local autonomy and education, substantial modifications were made to the reforms. Because local authorities lacked sufficient power to tax, they were unable to realise their extensive powers, and, as a result, key responsibilities were transferred back to national jurisdiction. In 1951, for example, 90% of villages and towns placed their police forces under the control of the newly formed National Police Agency. Central control over education was also gradually reasserted; in 1951, the Yoshida government attempted to reintroduce ethics classes, proposed tighter central oversight of textbooks, and recommended abolishing local school board elections. By the end of the decade, all these changes had been implemented. The Soviet occupation of the Kurile Islands and the Habomai Islets was completed with Russian troops fully deployed by September 5. Immediately after the onset of the occupation, amid a climate of insecurity and fear marked by reports of sporadic rape and physical assault and widespread looting by occupying troops, an estimated 4,000 islanders fled to Hokkaido rather than face an uncertain repatriation. As Soviet forces moved in, they seized or destroyed telephone and telegraph installations and halted ship movements into and out of the islands, leaving residents without adequate food and other winter provisions. Yet, unlike Manchuria, where Japanese civilians faced widespread sexual violence and pillage, systematic violence against the civilian population on the Kuriles appears to have been exceptional. A series of military government proclamations assured islanders of safety so long as they did not resist Soviet rule and carried on normally; however, these orders also prohibited activities not explicitly authorized by the Red Army, which imposed many hardships on civilians. Residents endured harsh conditions under Soviet rule until late 1948, when Japanese repatriation out of the Kurils was completed. The Kuriles posed a special diplomatic problem, as the occupation of the southernmost islands—the Northern Territories—ignited a long-standing dispute between Tokyo and Moscow that continues to impede the normalisation of relations today. Although the Kuriles were promised to the Soviet Union in the Yalta agreement, Japan and the United States argued that this did not apply to the Northern Territories, since they were not part of the Kurile Islands. A substantial dispute regarding the status of the Kurile Islands arose between the United States and the Soviet Union during the preparation of the Treaty of San Francisco, which was intended as a permanent peace treaty between Japan and the Allied Powers of World War II. The treaty was ultimately signed by 49 nations in San Francisco on September 8, 1951, and came into force on April 28, 1952. It ended Japan's role as an imperial power, allocated compensation to Allied nations and former prisoners of war who had suffered Japanese war crimes, ended the Allied post-war occupation of Japan, and returned full sovereignty to Japan. Effectively, the document officially renounced Japan's treaty rights derived from the Boxer Protocol of 1901 and its rights to Korea, Formosa and the Pescadores, the Kurile Islands, the Spratly Islands, Antarctica, and South Sakhalin. Japan's South Seas Mandate, namely the Mariana Islands, Marshall Islands, and Caroline Islands, had already been formally revoked by the United Nations on July 18, 1947, making the United States responsible for administration of those islands under a UN trusteeship agreement that established the Trust Territory of the Pacific Islands. In turn, the Bonin, Volcano, and Ryukyu Islands were progressively restored to Japan between 1953 and 1972, along with the Senkaku Islands, which were disputed by both Communist and Nationalist China. In addition, alongside the Treaty of San Francisco, Japan and the United States signed a Security Treaty that established a long-lasting military alliance between them. Although Japan renounced its rights to the Kuriles, the U.S. State Department later clarified that “the Habomai Islands and Shikotan ... are properly part of Hokkaido and that Japan is entitled to sovereignty over them,” hence why the Soviets refused to sign the treaty. Britain and the United States agreed that territorial rights would not be granted to nations that did not sign the Treaty of San Francisco, and as a result the Kurile Islands were not formally recognized as Soviet territory. A separate peace treaty, the Treaty of Taipei (formally the Sino-Japanese Peace Treaty), was signed in Taipei on April 28, 1952 between Japan and the Kuomintang, and on June 9 of that year the Treaty of Peace Between Japan and India followed. Finally, Japan and the Soviet Union ended their formal state of war with the Soviet–Japanese Joint Declaration of 1956, though this did not settle the Kurile Islands dispute. Even after these formal steps, Japan as a nation was not in a formal state of war, and many Japanese continued to believe the war was ongoing; those who held out after the surrender came to be known as Japanese holdouts.  Captain Oba Sakae and his medical company participated in the Saipan campaign beginning on July 7, 1944, and took part in what would become the largest banzai charge of the Pacific War. After 15 hours of intense hand-to-hand combat, almost 4,300 Japanese soldiers were dead, and Oba and his men were presumed among them. In reality, however, he survived the battle and gradually assumed command of over a hundred additional soldiers. Only five men from his original unit survived the battle, two of whom died in the following months. Oba then led over 200 Japanese civilians deeper into the jungles to evade capture, organizing them into mountain caves and hidden jungle villages. When the soldiers were not assisting the civilians with survival tasks, Oba and his men continued their battle against the garrison of US Marines. He used the 1,552‑ft Mount Tapochau as their primary base, which offered an unobstructed 360-degree view of the island. From their base camp on the western slope of the mountain, Oba and his men occasionally conducted guerrilla-style raids on American positions. Due to the speed and stealth of these operations, and the Marines' frustrated attempts to find him, the Saipan Marines eventually referred to Oba as “The Fox.” Oba and his men held out on the island for 512 days, or about 16 months. On November 27, 1945, former Major-General Amo Umahachi was able to draw out some of the Japanese in hiding by singing the anthem of the Japanese infantry branch. Amo was then able to present documents from the defunct IGHQ to Oba ordering him and his 46 remaining men to surrender themselves to the Americans. On December 1, the Japanese soldiers gathered on Tapochau and sang a song of departure to the spirits of the war dead; Oba led his people out of the jungle and they presented themselves to the Marines of the 18th Anti-Aircraft Artillery Company. With great formality and commensurate dignity, Oba surrendered his sword to Lieutenant Colonel Howard G. Kirgis, and his men surrendered their arms and colors. On January 2, 1946, 20 Japanese soldiers hiding in a tunnel at Corregidor Island surrendered after learning the war had ended from a newspaper found while collecting water. In that same month, 120 Japanese were routed after a battle in the mountains 150 miles south of Manila. In April, during a seven-week campaign to clear Lubang Island, 41 more Japanese emerged from the jungle, unaware that the war had ended; however, a group of four Japanese continued to resist. In early 1947, Lieutenant Yamaguchi Ei and his band of 33 soldiers renewed fighting with the small Marine garrison on Peleliu, prompting reinforcements under Rear-Admiral Charles Pownall to be brought to the island to hunt down the guerrilla group. Along with them came former Rear-Admiral Sumikawa Michio, who ultimately convinced Yamaguchi to surrender in April after almost three years of guerrilla warfare. Also in April, seven Japanese emerged from Palawan Island and fifteen armed stragglers emerged from Luzon. In January 1948, 200 troops surrendered on Mindanao; and on May 12, the Associated Press reported that two unnamed Japanese soldiers had surrendered to civilian policemen in Guam the day before. On January 6, 1949, two former IJN soldiers, machine gunners Matsudo Rikio and Yamakage Kufuku, were discovered on Iwo Jima and surrendered peacefully. In March 1950, Private Akatsu Yūichi surrendered in the village of Looc, leaving only three Japanese still resisting on Lubang. By 1951 a group of Japanese on Anatahan Island refused to believe that the war was over and resisted every attempt by the Navy to remove them. This group was first discovered in February 1945, when several Chamorros from Saipan were sent to the island to recover the bodies of a Saipan-based B-29. The Chamorros reported that there were about thirty Japanese survivors from three ships sunk in June 1944, one of which was an Okinawan woman. Personal aggravations developed from the close confines of a small group on a small island and from tuba drinking; among the holdouts, 6 of 11 deaths were the result of violence, and one man displayed 13 knife wounds. The presence of only one woman, Higa Kazuko, caused considerable difficulty as she would transfer her affections among at least four men after each of them mysteriously disappeared, purportedly “swallowed by the waves while fishing.” According to the more sensational versions of the Anatahan tale, 11 of the 30 navy sailors stranded on the island died due to violent struggles over her affections. In July 1950, Higa went to the beach when an American vessel appeared offshore and finally asked to be removed from the island. She was taken to Saipan aboard the Miss Susie and, upon arrival, told authorities that the men on the island did not believe the war was over. As the Japanese government showed interest in the situation on Anatahan, the families of the holdouts were contacted in Japan and urged by the Navy to write letters stating that the war was over and that the holdouts should surrender. The letters were dropped by air on June 26 and ultimately convinced the holdouts to give themselves up. Thus, six years after the end of World War II, “Operation Removal” commenced from Saipan under the command of Lt. Commander James B. Johnson, USNR, aboard the Navy Tug USS Cocopa. Johnson and an interpreter went ashore by rubber boat and formally accepted the surrender on the morning of June 30, 1951. The Anatahan femme fatale story later inspired the 1953 Japanese film Anatahan and the 1998 novel Cage on the Sea. In 1953, Murata Susumu, the last holdout on Tinian, was finally captured. The next year, on May 7, Corporal Sumada Shoichi was killed in a clash with Filipino soldiers, leaving only two Japanese still resisting on Lubang. In November 1955, Seaman Kinoshita Noboru was captured in the Luzon jungle but soon after committed suicide rather than “return to Japan in defeat.” That same year, four Japanese airmen surrendered at Hollandia in Dutch New Guinea; and in 1956, nine soldiers were located and sent home from Morotai, while four men surrendered on Mindoro. In May 1960, Sergeant Ito Masashi became one of the last Japanese to surrender at Guam after the capture of his comrade Private Minagawa Bunzo, but the final surrender at Guam would come later with Sergeant Yokoi Shoichi. Sergeant Yokoi Shoichi survived in the jungles of Guam by living for years in an elaborately dug hole, subsisting on snails and lizards, a fate that, while undignified, showcased his ingenuity and resilience and earned him a warm welcome on his return to Japan. His capture was not heroic in the traditional sense: he was found half-starving by a group of villagers while foraging for shrimp in a stream, and the broader context included his awareness as early as 1952 that the war had ended. He explained that the wartime bushido code, emphasizing self-sacrifice or suicide rather than self-preservation, had left him fearing that repatriation would label him a deserter and likely lead to execution. Emerging from the jungle, Yokoi also became a vocal critic of Japan's wartime leadership, including Emperor Hirohito, which fits a view of him as a product of, and a prisoner within, his own education, military training, and the censorship and propaganda of the era. When asked by a young nephew how he survived so long on an island just a short distance from a major American airbase, he replied simply, “I was really good at hide and seek.”  That same year, Private Kozuka Kinshichi was killed in a shootout with Philippine police in October, leaving Lieutenant Onoda Hiroo still resisting on Lubang. Lieutenant Onoda Hiroo had been on Lubang since 1944, a few months before the Americans retook the Philippines. The last instructions he had received from his immediate superior ordered him to retreat to the interior of the island and harass the Allied occupying forces until the IJA eventually returned. Despite efforts by the Philippine Army, letters and newspapers left for him, radio broadcasts, and even a plea from Onoda's brother, he did not believe the war was over. On February 20, 1974, Onoda encountered a young Japanese university dropout named Suzuki Norio, who was traveling the world and had told friends that he planned to “look for Lieutenant Onoda, a panda, and the abominable snowman, in that order.” The two became friends, but Onoda stated that he was waiting for orders from one of his commanders. On March 9, 1974, Onoda went to an agreed-upon place and found a note left by Suzuki. Suzuki had brought along Onoda's former commander, Major Taniguchi, who delivered the oral orders for Onoda to surrender. Intelligence Officer 2nd Lt. Onoda Hiroo thus emerged from Lubang's jungle with his .25 caliber rifle, 500 rounds of ammunition, and several hand grenades. He surrendered 29 years after Japan's formal surrender, and 15 years after being declared legally dead in Japan. When he accepted that the war was over, he wept openly. He received a hero's welcome upon his return to Japan in 1974. The Japanese government offered him a large sum of money in back pay, which he refused. When money was pressed on him by well-wishers, he donated it to Yasukuni Shrine. Onoda was reportedly unhappy with the attention and what he saw as the withering of traditional Japanese values. He wrote No Surrender: My Thirty-Year War, a best-selling autobiography published in 1974. Yet the last Japanese to surrender would be Private Nakamura Teruo, an Amis aborigine from Formosa and a member of the Takasago Volunteers. Private Nakamura Teruo spent the tail end of World War II with a dwindling band on Morotai, repeatedly dispersing and reassembling in the jungle as they hunted for food. The group suffered continuous losses to starvation and disease, and survivors described Nakamura as highly self-sufficient. He left to live alone somewhere in the Morotai highlands between 1946 and 1947, rejoined the main group in 1950, and then disappeared again a few years later. Nakamura hinted in print that he fled into the jungle because he feared the other holdouts might murder him. He survives for decades beyond the war, eventually being found by 11 Indonesian soldiers. The emergence of an indigenous Taiwanese soldier among the search party embarrassed Japan as it sought to move past its imperial past. Many Japanese felt Nakamura deserved compensation for decades of loyalty, only to learn that his back pay for three decades of service amounted to 68,000 yen.   Nakamura's experience of peace was complex. When a journalist asked how he felt about “wasting” three decades of his life on Morotai, he replied that the years had not been wasted; he had been serving his country. Yet the country he returned to was Taiwan, and upon disembarking in Taipei in early January 1975, he learned that his wife had a son he had never met and that she had remarried a decade after his official death. Nakamura eventually lived with a daughter, and his story concluded with a bittersweet note when his wife reconsidered and reconciled with him. Several Japanese soldiers joined local Communist and insurgent groups after the war to avoid surrender. Notably, in 1956 and 1958, two soldiers returned to Japan after service in China's People's Liberation Army. Two others who defected with a larger group to the Malayan Communist Party around 1945 laid down their arms in 1989 and repatriated the next year, becoming among the last to return home. That is all for today, but fear not I will provide a few more goodies over the next few weeks. I will be releasing some of my exclusive podcast episodes from my youtube membership and patreon that are about pacific war subjects. Like I promised the first one will be on why Emperor Hirohito surrendered. Until then if you need your fix you know where to find me: eastern front week by week, fall and rise of china, echoes of war or on my Youtube membership of patreon at www.patreon.com/pacificwarchannel.

Story of the Week (DR):End of summer anti-woke bro rage brigade MMNew Cracker Barrel Logo Sparks Right-Wing Backlash—From Trump Jr. And MoreMAGA erupts over Cracker Barrel logo change, and stock plungesRight-Winger, Others Call Out 'Woke' New Change To Cracker Barrel's Peg GameThe goal of the game is to whittle down the number of pegs on the board to one through a series of “jumping” pegs, not unlike checkers. Previously, directions on the game explained that people who have only one peg left on the board are geniuses, while people with two pegs left are “pretty smart.” However, if you leave three pegs, the game considers you “dumb,” while anyone who leaves four pegs is an “EG-NO-RA-MOOOSE.”That was the old game. New peg games have removed the playful insults and instead say, “leave three or more ― no reason to be embarrassed. Try again.”Sean Davis, the CEO of The Federalist: Cracker Barrel didn't just destroy its logo and restaurant vibe. It also changed the peg game to make dumb people feel better when they do poorly.Until October 2017, The Federalist had a "black crime" tag, which aggregated articles related to criminal activity by African AmericansChristian College's Hot Take On Cracker Barrel Has People Saying, ‘Huh?'Hillsdale College in Michigan: A post on its official account on X (formerly Twitter) likened the updated logo to a vandalized statue of President George Washington that was defaced during the 2020 protests over the police killing of George Floyd.MAGA Rep Drags Jesus Christ Into ‘Woke' Cracker Barrel MeltdownCongressman Byron Donalds slammed the restaurant chain for daring to rebrand after he had a religious experience in one of its Florida parking lots: “In college, I worked at @CrackerBarrel in Tallahassee,” the Florida Republican wrote on X, “I even gave my life to Christ in their parking lot. Their logo was iconic and their unique restaurants were a fixture of American culture. No one asked for this woke rebrand.”‘Cracker barrel goes woke': CEO under MAGA fire for changing logo first time in 48 years, removes ‘white guy'Steak 'n Shake slams Cracker Barrel CEO for eliminating 'old-timer' from logo: 'We take pride in our history'“This is what happens when you have a board that does not respect their historical customers or their brand.At Steak n Shake, we have gone back to basics. Our tallow fries are waiting for you. Oh yeah, you can also now pay with Bitcoin!”Entrepreneur Sardar Biglari owns Steak ‘n ShakeOwns 9.3% of Cracker barreltook control of Steak 'n Shake in August 2008 after three years of declining same-store sales and losses of $100,000 per day.Biglari controls the Steak 'n Shake Company, First Guard Insurance, Abraxas Petroleum, Maxim, Southern Oil of Louisiana, Southern Pioneer Insurance and the Western Sizzlin' corporation. Biglari was born in Iran in 1977However the chain ran into more problems in 2016 and onward, with revenue declining sharply.In 2021, Steak N' Shake made a strategic decision to transition away from casual dining and become a fast food restaurant. Steak 'n Shake replaced lunch counters with self-serve kiosks in 2021 to improve efficiency and reduce costs. Changing the service model allowed a significant reduction of store staffIn 2024, Biglari fought and lost a proxy contest with Cracker Barrel, trying to get himself and two buddies on the CB board.This marks the sixth time since 2011 that Biglari has initiated a proxy contest seeking seats on the Board (the fourth time for Sardar Biglari personally), and the seventh contested solicitation overall during that span.POP QUIZ:Was that the original logo?No. The Cracker Barrel chain opened first in 1969 and had a text-only logo. In 1977, the famous logo with a man and a barrel was introduced.Is Cracker Barrel's new-ish CEO (11/23) a man or a woman?Cracker Barrel CEO Julie Felss Masino and the new logo controversyMs. Masino previously served as the President, International of Taco Bell, a subsidiary of Yum! Brands, Inc. (NYSE: YUM) from January 2020 to June 2023. From January 2018 to December 2019, she served as President, North America of Taco Bell.“Cracker Barrel's new logo isn't an accident — it's CEO Julie Felss Masino's project. She scrapped a beloved American aesthetic and replaced it with sterile, soulless branding.”Benny Johnson said the logo change could cause the company to collapse in a similar way that Target and other stores that embraced DEI (diversity, equity and inclusion) did.‘Go woke, you go broke:' Ohio faith leaders urge Kroger to abandon LGBTQ+ policiesTrump calls on Federal Reserve Governor Lisa Cook to resignLisa DeNell Cook is an American economist who has served as a member of the Federal Reserve Board of Governors since May 23, 2022. She is the first African American woman and first woman of color to sit on the BoardCEO-to-worker pay gap surges to 632 to 1 at US's lowest-paying large firms, study shows: At 100 firms in S&P 500 with lowest median pay, executives' comp increased by average of nearly 35% over five yearsFTSE 100 CEO pay rises for third consecutive year, hitting record high CEO pay at top US companies accelerates at fastest pace in four yearsStarbucks CEO Tops List Of Sky-High Executive Pay PackagesStarbucks' CEO is ditching a merit system and giving all salaried staff a flat 2% pay raise insteadSuccession Theater: Target CEO Brian Cornell steps down after 11 years as sales continue to dropTarget's Brian Cornell to hand CEO job to Michael Fiddelke in FebruaryTarget CEO Brian Cornell will step down from the struggling retailer in February and its COO will succeed himTarget CEO Brian Cornell will step down from the struggling retailer in February and its COO will succeed himAlert: Target CEO Brian Cornell will step down from the struggling retailer in February and its COO will succeed himWhen the C.E.O. Retires but Won't Go AwayTarget is the latest company to keep a replaced chief executive around as an “executive chairman.” Does having two top dogs make sense?On August 15, 2025, following a comprehensive succession planning process, the Board of Directors (the “Board”) of Target Corporation (“Target”), appointed Michael J. Fiddelke, Target's current Executive Vice President and Chief Operating Officer, as Target's next Chief Executive Officer and a member of the Board, effective February 1, 2026. At that time, Brian C. Cornell will step down from his position as Chief Executive Officer and will continue to serve as Chair of the Board in an Executive Chair capacity.Goodliest of the Week (MM/DR):DR: Companies with climate targets have more than tripled since 2023: SBTiA total of 10,949 companies worldwide now either have near-term targets or near-term and net-zero targets, or have committed to set them, according to a report by the Science-Based Targets initiative.DR: The juxtaposition of these two headlines:Scientists Say They've Figured Out a Way to Turn Nuclear Waste Into a Powerful FuelScientists Can't Figure Out Why Just Walking In Nature Appears to Quickly Heal Your Brain RotMM: Why Shop? In Maine, the Library of Things Has It All (Almost)You can take out an electric lawn mower at the libraryMM: Lyft co-founders depart board, convert Class B shares - greatest de-dictatorship in modern history? From 30% voting power to 2% voting power as part of the conversion DRShares still worth a paltry $144mAssholiest of the Week (MM): Anti ESG is a jokeLegal definition of a fiduciary: The beneficiary has delegated authority to the fiduciary to act on its behalf;The fiduciary has discretionary powers over the beneficiary's assets or interests;The fiduciary is in a position superior to that of the beneficiary due to specialized access, knowledge or ability; andThe beneficiary trusts that the fiduciary will act in the beneficiary's best interest. (Ponet & Leib, 2011.)From Florida 2023 HB3An act relating to government and corporate activism…The board of trustees, subject to the fiduciary standards … and the requirements in s. 112.662…Which are… Notwithstanding any other law, when deciding whether to invest and when investing the assets of any retirement system or plan, only pecuniary factors may be considered and the interests of the participants and beneficiaries of the system or plan may not be subordinated to other objectives, including sacrificing investment return or undertaking additional investment risk to promote any nonpecuniary factorWhich includes… any social, political, or ideological interestsWhich applies to…Obligations of the United States or obligations guaranteed as to principal and interest by the government of the United StatesWhich makes investing in Treasury securities illegal because…White House Reportedly Launches A Scorecard Rating 500+ Companies On Trump LoyaltyThe rating system evaluates multiple factors, including social media activity, press releases, video testimonials, advertisements, participation in White House events, and other forms of engagement connected to the [One Big Beautiful Bill]Determines who they'll do business withFree speech dictatorsMeta spent $27 million protecting Mark Zuckerberg last year, more than any other CEOGoogle to Pay $36 Million in Anti-Competition FinesCoinbase CEO says he watched famous speeches to psych himself up before banning politics at the companyTrump May Further Redefine U.S. Capitalism With an Intel Move, ‘Come to America and lose $1B': Trump drives new offshore wind lossesFossil fuel “discrimination” laws prohibit discriminating against fossil fuels - there are no law to prevent “discrimination” against wind or solarHow Ownership Can Shape OutcomesHollowing out the corporate middle class MMStarbucks Sets 2% Raises for Corporate WorkersCoffee giant is in the midst of a turnaround; ‘We need to carefully manage all of our other costs'Starbucks earlier this year said it would lay off 1,100 corporate workersIn July, the company offered buyouts to corporate workers and said it would step up its in-office requirements later this year, to four days from three.From May: Starbucks and unionized baristas locked in a wage standoffNational Legal Policy Center actually filed a resolution this year demanding Starbucks produce a report detailing the human rights risks and “loss of shareholder value” if Starbucks “capitulates” to the union - union killing by SHP?Starbucks CEO Brian Niccol awarded $96 million pay package after 4 months on the jobUse of Starbucks aircraft for travel between city of primary residence and Starbucks headquarters and up to $250,000 in personal non-commuting travel per year; additional use of Starbucks aircraft for travel pursuant to Mr. Niccol's time sharing agreementHeadliniest of the WeekDR: 10 Candidates Will Vie for 4 Open Seats on USA Swimming Board of DirectorsDR: Walmart may have sold radioactive shrimp, FDA warnsMM: Silicon Valley talent keeps getting recycled, so this CEO uses a ‘moneyball' approach for uncovering hidden AI geniuses in the new era“There's different biases and filters about people's pedigree or where they came from. But if you could truly map all of that and just give credit for some people that maybe went through alternate pathways [then you can] truly stack rank,” Alex Bates, founder and CEO of AI executive recruiting platform HelloSky, told Fortune.MM: Forests in Certain Areas of the World Can Add to Global Warming I hate that headlineWho Won the Week?DR: The term “Bro IPO.” Or is it “BroPo?”MM: Damion. And it's BroPO.PredictionsDR: Target accidentally announces one of Brian COrnell's new board roles will be the Chairman of the We-Swear-It's-Not-My-Idea Task ForceMM: An analytics company somewhere realizes you can take the “moneyball” concept and apply it to people at publicly traded companies, making millions of dollars by giving investors the ability to vote for their fiduciaries by using advanced data, not voting on the fact that John is kind of cute and Leslie is a nice name.

On this episode of Best Ever CRE, Joe Cornwell interviews David Hrizak, CEO of Streamline Capital Group. David shares how a near-death experience inspired him to “unretire” and co-found a vertically integrated real estate company with a focus on passive investing. He breaks down his firm's strategy of targeting medical and Class B office buildings in Phoenix for their economic resilience and value-add potential. David also dives into his team's latest ground-up development project, a high-end 70,000-square-foot music venue, and explains how investor education, tax advantages like bonus depreciation, and smart pivoting during market cycles have shaped his 29-year career. David Hrizak Current Role: CEO of Streamline Capital Group Based in: Phoenix, Arizona Say hi to them at: djh@thestreamlinecompanies.com or connect on LinkedIn at David J. Hrizak Visit investwithsunrise.com to learn more about investment opportunities.  Join the Best Ever Community  The Best Ever Community is live and growing - and we want serious commercial real estate investors like you inside. It's free to join, but you must apply and meet the criteria.  Connect with top operators, LPs, GPs, and more, get real insights, and be part of a curated network built to help you grow. Apply now at ⁠www.bestevercommunity.com⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

For more Rogan exclusives support us on Patreon patreon.com/JREReview This week on the show, we unpack the surreal situation unfolding in Austin: fitness influencer Brian “Liver King” Johnson was arrested on June 24, 2025, after flying into the city wearing his signature wolf headdress and igniting a series of bizarre Instagram rants in which he challenged Joe Rogan to a fight—even brandishing what appeared to be firearms reddit.comnewsweek.com+15houstonchronicle.com+15expressnews.com+15. Rogan, alarmed by the threats, contacted Austin police, describing Johnson as “significantly unstable” and referencing concerns of a “significant drug issue” ksat.com+10the-independent.com+10nypost.com+10. Johnson was arrested at the Four Seasons Hotel and booked on a Class B misdemeanor for making terroristic threats nypost.com+12mmafighting.com+12tmz.com+12. The Travis County judge set bond at $20,000, along with strict release conditions: no contact with Rogan or his family, a 200‑yard restraining order, no firearms, and a mandated mental health evaluation within one week vulture.com+8tmz.com+8houstonchronicle.com+8. Since his release, Johnson has resumed posting rambling videos—some hinting he might be targeting “some guy” rather than Rogan—but he continues to post disturbing and erratic content from Austin expressnews.com+14the-independent.com+14nypost.com+14. Known for promoting a raw-organ “ancestral” lifestyle, Johnson was already mired in controversy after admitting in 2022 that his hulking physique was maintained via $11,000/month steroids and HGH—a sharp contrast to his "natural" image reddit.com+7thedailybeast.com+7en.wikipedia.org+7. In this episode we'll explore: The timeline leading up to Johnson's shocking arrival in Austin and heated Instagram monologues. The role Rogan played in alerting authorities and voicing concern. The potential mental health and substance abuse issues fueling Johnson's breakdown. What this all means for his public persona, supplement empire, and the broader conversation around influencer culture. Bottom line: We sincerely hope Brian “Liver King” Johnson finds the help he desperately needs. Whatever drove him to this brink, it's clear this isn't just a publicity stunt—it's a cry for help. Our wish is for his recovery, clarity, and that he finds the support necessary to get well.   www.JREreview.com For all marketing questions and inquiries: JRERmarketing@gmail.com Follow me on Instagram at www.instagram.com/joeroganexperiencereview Please email us here with any suggestions, comments and questions for future shows.. Joeroganexperiencereview@gmail.com