Podcasts about Credit

Taking a recent Twitter exchange as a springboard, Bob argues that George Selgin has unwittingly conceded the entire argument they had at the SoHo Forum: namely, fractional reserve banking by its very essence causes a mismatch between the community's saving and the funds made available for loans via the banks.Mentioned in the Episode and Other Links of Interest:Keith Vencel's new book, A New Monetary System.The SoHo Forum debate between Selgin and Murphy.Selgin's posts on ABCT and FRB (one and two).Bob's Human Action episode on Mises and FRB.Bob's QJAE article on FRB and the business cycle.Help support the Bob Murphy Show.

Paying off your mortgage can feel like one of the clearest signs of financial freedom. I understand the appeal. For many families, that monthly payment represents pressure, obligation, and dependence on someone else. That is exactly why Velocity Banking can sound so compelling. Use a home equity line of credit to attack the mortgage balance, run your income through the line, reduce the total interest you pay, and get the house paid off faster. On paper, the math can work. That is not really where Bruce and I disagree. https://www.youtube.com/watch?v=C6N3lnog3PY What I want you to look at is what happens to your control of capital while you are doing it. A HELOC gives you access to credit under a bank's contract and lending rules. Infinite Banking starts from a different premise: build capital first, then use the policy's loan provision to access capital against what you have already built. Both strategies can involve borrowing. Both require disciplined behavior. But they are not the same financial system. And I want to say this up front: we are not anti-HELOC. A HELOC can be a useful financial tool. The purpose of this conversation is not to tell you that using one is automatically wrong. It is to help you see the structural tradeoffs clearly, especially if you are thinking about making a HELOC the center of your banking strategy. When you are thinking beyond one transaction, about the opportunities you want to pursue, the people you want to provide for, and the financial strength you want to build for your family, that distinction matters. Key TakeawaysWhat Velocity Banking Actually DoesPaying Less Interest Is Not the Only Financial ObjectiveA HELOC Gives You Access to Credit. That Is Not the Same as Controlling Capital.Home Equity Is Valuable, but It Is Not Liquid CapitalWhat Infinite Banking ChangesThe Ownership Question MattersA Different Way to Think About Paying Off the MortgageThe HELOC Draw Period Deserves Attention From the BeginningInfinite Banking Has Tradeoffs TooThe Bigger Question Is Who Controls the Capital Key Takeaways Velocity Banking can accelerate mortgage payoff, but the HELOC itself does not create the savings. Your cash flow and additional principal reduction do the work. Home equity is a real asset, but it is not the same as liquid capital. Turning it into spendable cash requires a sale or another financing decision. A HELOC gives you access to bank credit. Your continued access to unused credit remains subject to the lender's contract and applicable rules. Infinite Banking requires capitalization first. Policy loans charge interest and have to be managed responsibly. Our preference for Infinite Banking is about building a capital system around liquidity, contractual guarantees, long-range behavior, and control, not pretending every bank loan is bad. Before you ask how fast you can eliminate your mortgage, ask what position your capital will be in while you are getting there. DimensionHELOC (Velocity Banking)Infinite BankingWhere the capital comes fromA bank's credit line against your home equityCapital you build first inside a participating whole life policyGetting access to itThe bank approves the line; access to unused credit stays subject to the lender's contract and rulesThe policy's loan provision, based on the contract and available loan value — not income, credit score, or home valueWho controls continued accessThe lender, which may freeze or reduce the line in defined circumstances (per the CFPB)You, within the terms of the policy you ownCost of borrowingCommonly a variable rate that can change over timePolicy-loan interest (not free money); an unpaid loan can reduce the death benefitLiquidity of the underlying assetHome equity is real but not spendable until you sell, refinance, or borrow against itA capital base designed to stay liquid, accessible, and deployableUnderwriting each time you use itSet when the line is established; future refinancing depends on conditions at that timeNo bank-style underwriting each time you use the loan provisionYour relationship to the institutionYou are the bank's customerYou participate in a mutual insurer as an eligible policyholder (dividends are non-guaranteed)The main tradeoff to weighAccess can tighten at exactly the moment you need itYou must capitalize the policy first, and give it timeHELOC vs. Infinite Banking at a glance What Velocity Banking Actually Does Velocity Banking uses a revolving line of credit, often a HELOC, as part of a mortgage-payoff strategy. The basic mechanics are straightforward. You open a HELOC against available equity in your home. You use some of that credit to reduce or replace mortgage debt. Then you direct income into the HELOC and use the line again for living expenses. If more cash flows into the line than flows back out, the balance declines. That can reduce the total interest you pay and shorten the payoff timeline. But here is the part I do not want you to miss: your surplus cash flow is paying down principal. The HELOC changes the path the money takes. It does not create the surplus. Bruce said it very simply in our conversation: your behavior is more important than the strategy. If your income is steady, your spending stays disciplined, rates cooperate, and you follow the plan consistently, the model can look very compelling. But life is not an illustration. Income changes. Businesses have slow seasons. Families face expenses they did not plan for. And sometimes an opportunity shows up at exactly the moment you were not expecting it. That is why I want a financial strategy to be evaluated by more than how it performs when everything goes perfectly. I also want to know what options it leaves you when life does not follow the spreadsheet. Paying Less Interest Is Not the Only Financial Objective One of the strongest arguments for Velocity Banking is something we actually agree with in principle: the interest rate by itself does not tell you the total cost. A higher rate on a balance that falls quickly can, in some circumstances, produce less total interest than a lower rate carried for decades. Looking only at the rate can give you an incomplete picture. But looking only at interest saved can do the same thing. I understand why people see the amount of interest on a long mortgage schedule and immediately think, "I need to get rid of this as fast as possible." That reaction makes sense. Nobody is trying to pay a bank more interest than necessary. The question I want you to add is: what else is happening to that dollar while you are paying down the house? Every extra dollar of principal you put into the four walls of your home increases your equity, but that dollar is no longer liquid. To turn home equity back into spendable cash, you have to sell, refinance, or borrow against the property. There is also an opportunity cost. Could that same dollar have strengthened your reserves? Funded your business? Put you in position for an investment opportunity? Built capital somewhere that remained accessible to your family? A paid-off home may absolutely be part of your financial plan and part of your legacy. But so is the financial capacity you preserve along the way. For me, that is the bigger conversation. We are not simply trying to win an interest calculation. We want each decision to strengthen the whole financial system. A HELOC Gives You Access to Credit. That Is Not the Same as Controlling Capital. This is the distinction at the center of the episode. When you have a HELOC, a bank has agreed to extend credit to you against the equity in your home. That credit can be incredibly useful, but it is still a lending relationship. The bank decides whether you qualify when the line is established. Your available credit exists under the agreement, the value of the collateral, and the lending rules that apply to the account. HELOCs also commonly have variable interest rates, so the cost of borrowing can change over time. Some products offer fixed-rate features, but the details depend on the lender and the contract. The other issue is access. An unused credit line is not the same thing as cash you already control. The Consumer Financial Protection Bureau explains that a lender may freeze additional advances or reduce a HELOC in certain circumstances, such as a significant decline in the home's value or a material change in the borrower's financial condition. That does not mean a bank can simply demand repayment of every HELOC whenever it wants. Bruce was careful about that distinction in our conversation, and I want to be just as careful here. It means your continued access to unused credit is not entirely yours to decide. If your financial strategy depends on that line staying open and available, that matters. You are still a customer of someone else's bank. Home Equity Is Valuable, but It Is Not Liquid Capital Owning more of your home is not a bad thing. A paid-off home can be a meaningful goal. But we need to distinguish between having equity and having capital you can deploy. Your home's equity is real. The house is an asset. But if you want to use that equity without selling the property, a lender usually has to become part of the decision again. That is why Bruce and I kept coming back to the image of money being stored inside the four walls of the house. You can put more money in by paying down principal. The harder question is how easily you can get that money back out when you need it, and on whose terms. If your primary financial objective is to pay off the house as fast as possible, you may be directing a large share of your available cash into an asset that is not immediately deployable. At the same time, you may be delaying your ability to build a capital base somewhere else. For me, financial freedom includes having capital that is growing,...

Send us Fan MailSamuel lives in Fresno California and is the founder of The Academy of Financial Education. Samuel didn't start in the world of finance, but after seeing a family host a local car wash to raise funds for the funeral of a lost loved one, he became a financial advisor within a year. After five years, he knew he had a higher calling and started his non profit. In this episode we discuss how to build credit, how to raise your credit score, and the concept of financial therapy. The Academy of Financial Education https://taofe.org/How to Repair Your Credit DYIhttps://taofe.org/diy-credit-repairBe a guest on the show:https://www.financiallyindependentteachers.com/contact-8Check out our website:https://www.financiallyindependentteachers.com/Sign up for FIT coaching:https://www.financiallyindependentteachers.com/services-4

Jonas Knox discusses the constant speculation surrounding the NFL coaching future of Tar Heels head coach Bill Belichick, then wonders the punishment that may come down on Packers running back Josh Jacobs. Jonas then explains why Lane Kiffin deserves some credit after all the drama from the week surrounding SEC + new editions of "Do You Care" and a special edition of "The Scraps." See omnystudio.com/listener for privacy information.

Two Mikes on America Out Loud – Jamie Diamond, the CEO of JPMorgan Chase, has publicly condemned the unregulated private credit companies - and for good reason! Mr. McManus has done extensive research into the Private Credit Industry and found that the industry is successful and now has a nationwide value of two trillion dollars, but that no government regulations govern its operations and lending behavior...

“Constantly proving yourself is a privilege.” – Danielle Milner Welcome to episode 240 of The CUInsight Experience podcast with your hosts, Randy Smith, co-founder of CUInsight.com, and Jill Nowacki, co-founder, president and CEO of Zealyst.This episode is sponsored by Trellance. Trellance is a leading technology partner for credit unions, delivering innovative technology solutions to help credit unions achieve more. With a comprehensive suite of analytics, cloud and talent solutions, the Trellance team ensures credit unions increase efficiency, manage risk, and improve member experience. Learn more here!In this 2026 season, Jill and I will have conversations centered around leadership, credit unions, and living our best lives. We will have some of the most respected leaders from around credit unions who we are grateful to call friends join us in the discussion from time to time too.For this episode, we are thrilled to bring on Danielle Milner, CEO of First Responders Credit Union in Boston, to help us discuss the concept of opportunity. Listen in as Danielle reflects on her first year as CEO, including the unexpected lessons that came from moving across the country and stepping into a leadership role at an organization with such a strong history and identity. She shares how her team and board welcomed her almost immediately and how a family emergency shortly after her arrival showed her just how much care and connection existed within the organization even after just a small amount of time.From there, we talk about the importance of authenticity when deciding who we want to work with and how experience can make it easier to recognize when a relationship simply isn't the right fit. We also explore the expectations leaders carry into new roles and the surprising ways that those expectations can change once we're in the seat.A big part of our conversation is centered on Danielle's “notebook” of ideas and the discipline required to decide which ones deserve action. We discuss why saying no can create opportunity, how leaders can communicate priorities more clearly, and why inviting people to challenge our ideas can create authentic ownership rather than just compliance.Danielle enthusiastically explains why growing other leaders is her favorite part of leadership, while we talk about how curiosity, trust, and even a willingness to “poke holes” can help teams make better decisions. We also take a close look at developing talent via stretch assignments, recognizing strengths we may not initially see in people, and building leadership teams that complement our own weaknesses.Finally, as we get close to the end of our conversation, we look ahead at the credit union movement and the need to focus less on tools like AI and more on the outcomes that such tools are supposed to create. For Danielle, relevance starts with understanding who we serve and why it matters, and we finally do wrap up with a thought for anyone pursuing a leadership role: sometimes, the right opportunity isn't just about finding the right seat but is rather about finding the right home for that seat! Enjoy our conversation with Danielle Milner! Find the full show notes on cuinsight.com.Connect with Danielle:Danielle Milner, CEO of First Responders Credit Unionfirstresponderscu.org Danielle: Muck RackFirst Responders Credit Union: LinkedIn | Facebook | InstagramSubscribe on: Apple Podcasts and SpotifyBooks mentioned on The CUInsight Experience podcast: Book ListShow notes from this episode:Sponsor: TrellanceShout-out: Danielle's momShout-out: Danielle's boardShout-out: HumanideiShout-out: NACUSOShout-out: Greg MichligShout-out: Navy Federal Credit UnionStory mentioned: “The Emperor's New Clothes” by Hans Christian AndersenShout-out: Jill's colleague SierraShout-out: Microsoft ExcelShout-out: Mike WilsonShout-out: Members 1st Federal Credit UnionShout-out: Becky SmithShout-out: APG Federal Credit UnionShout-out: MD/DC Credit Union AssociationPrevious guests mentioned in this episode: Mark Zook (#230); Tracie Kenyon (#12, CUInsight Network episode #64, & #209); Lauren Culp (#39, #115, & #211)In This Episode:[2:05] - Hear how Danielle discovered that supportive relationships helped her overcome doubts about becoming a C.E.O.[5:37] - It's important for leaders to recognize when saying no creates better opportunities than automatically accepting them.[6:21] - Authenticity helps leaders determine which professional relationships are truly compatible and trustworthy.[9:45] - Stepping into a new leadership role requires authenticity while recognizing the need to also constantly prove yourself.[12:50] - Hear how ownership taught Jill to trust herself while embracing the responsibility of setting her own expectations.[15:55] - Danielle sees opportunity in prioritizing people over an endless workload.[18:46] - Effective leaders need to carefully prioritize ideas according to their available resources and timing.[19:33] - Danielle reflects on having learned that clearly communicating priorities helps her team distinguish future possibilities from immediate action.[22:04] - Danielle touches upon how she uses constructive feedback to make individual ideas stronger.[24:15] - We talk about how leaders can turn constructive criticism into stronger ideas by encouraging people to identify solutions rather than just problems.[26:11] - Great leaders create curiosity, develop others, and use honest conversations to help people grow.[28:51] - It's important for credit unions to embrace imagination to create change.[30:55] - Effective leaders recognize their weaknesses, build trust, and surround themselves with complementary strengths.[33:42] - Learn how giving people new opportunities can reveal untapped strengths and expand their potential.[36:20] - Hear how stretch assignments provide valuable development opportunities, especially within smaller credit unions.[37:28] - Credit unions need to prioritize member relevance over technology when shaping their strategies.[40:27] - AI should support member-focused strategies rather than becoming the strategy itself.[43:57] - Danielle offers invaluable advice: trust that the right professional “home” will find you rather than obsessing over a specific position.Send us Fan Mail

Photographers today are stitching together 4–6 tools across editing, gallery delivery, websites, client management — often spending $2–3K/year, plus constant app-switching.VSCO has built one connected system: editing, client galleries, portfolio sites, booking/business tools, all designed to work together. The point isn't "more features" — it's removing the exporting, re-uploading, and switching that eats a photographer's time.Try VSCO for free today!Now saving when you shop for your favorite gear at B&H Photo is even easier with the B&H Payboo Credit Card which lets you Save the Tax — you pay the tax, and B&H pays you back instantly! (Save the Tax on eligible purchases shipped to eligible states.) OR you can pay over time with our 6 & 12 month financing (on minimum purchases of $199 for 6 months, and $599 for 12 months). Terms apply, learn more at http://bhphoto.com/payboo. Credit card offers are subject to credit approval.Payboo Credit Card Accounts are issued by Comenity Capital BankCheck out PetaPixel Merch: store.petapixel.com/ We use Riverside to record The PetaPixel Podcast in our online recording studio.This week on the PetaPixel Podcast, we're at Sony Kando to discuss Hover Air's last-minute change, new Macs, and Ricoh's very disappointing AI choice. Top creators share the issues plaguing them the most and what camera brands can do to better address them. If you like what you hear, please support us by subscribing, liking, commenting, and reviewing! Every week, the trio go over comments on YouTube and here on PetaPixel, but if you'd like to send a message for them to hear, you can do so through SpeakPipe.In This Episode:00:00 - Intro from Sony Kando06:51 - Photographer Jay Maisel has passed away09:09 - Apple has a new Mac Studio and Mac Mini19:33 - Sony's sensor fab is back to full operation21:20 - Nikon continues to only release cool things in Japan23:03 - HoverAir's flying gimbal camera already got banned in the U.S.25:05 - You can definitely buy the banned DJI Osmo Pocket 4 in the U.S.26:29 - Photo contest chose to selectively enforce its rules, and people are mad31:12 - Xtra and Ricoh used AI to try and sell cameras38:24 - Feel good story of the week42:38 - The challenges creators are facing and how they and camera brands can solve them.

What is happening inside Mark Walter's financial empire - which until recently included the LA Lakers - has the potential to blow the lid off the entire private credit story - if not the whole debt cycle. A billion-dollar loan connected to Guggenheim Investments is trading at roughly 73 cents on the dollar, a price normally associated with serious distress. And that's only where this crazy story begins.  Eurodollar University's Money & Macro Analysis----------------------------------------------------------------------------------What if your gold could actually pay you every month… in MORE gold?That's exactly what Monetary Metals does. You still own your gold, fully insured in your name, but instead of sitting idle, it earns real yield paid in physical gold. No selling. No trading. Just more gold every month.Check it out here: https://monetary-metals.com/snider----------------------------------------------------------------------------------Eurodollar University Live 2October 9-12, West Palm Beach, Florida40 seats exist. Application only.https://eurodollar-university.com/edu-conference-2026----------------------------------------------------------------------------------https://www.bloomberg.com/news/articles/2026-08-24/guggenheim-loan-drops-to-new-73-cent-low-with-firm-in-spotlighthttps://www.bloomberg.com/news/articles/2026-08-18/mark-walter-s-insurer-to-slash-scrutinized-loans-by-6-5-billionhttps://www.bloomberg.com/news/articles/2026-08-26/walter-s-twg-hits-back-at-fraud-claims-says-it-has-no-victimshttps://www.bloomberg.com/news/articles/2026-08-25/guggenheim-investments-says-affiliates-may-buy-its-hard-hit-loanhttps://www.nytimes.com/2026/08/24/business/mark-walter-insurance-dodgers-lakers.htmlhttps://www.claimsjournal.com/news/national/2026/07/22/338938.htmhttps://www.nytimes.com/athletic/7522366/2026/08/18/mark-walter-delaware-life-filings-dodgers/https://www.youtube.com/watch?v=1XIVC93rbOAhttps://www.youtube.com/watch?v=0HnJHAsTao8https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDUI'll also be active on Bravais Social - a new AI-centered social network designed for professionals and knowledge workers. The platform aims to bring together a wider range of tools and functionalities tailored specifically for professional interaction, research, and knowledge exchange in one place. You can find me here: https://bravais.social/profile/edu

Register for our free masterclass on the tools you need to level up your points gamehttps://webinar.geobreezetravel.com/?utm_source=youtube Timestamps:00:00 Why First Class00:49 Convenience Perks01:45 Next Level Lounges02:55 Iconic Onboard Experiences03:53 Routes Are Limited05:26 Build Trips Around Space07:01 Guide and Resources07:43 Finding Award Availability09:02 Status and Outsourcing09:58 Know Your Aircraft11:41 Taxes Fees and Upgrades14:12 Points Value Rules15:04 Wrap Up You can find Julia at: ➤ Instagram: https://www.instagram.com/geobreezetravel/ ➤ Credit card links: https://www.geobreezetravel.com/cards  Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post. The content of this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.

On March 22, 1992, a Fokker 28 aircraft operating USAir flight 405 crashed shortly after takeoff from LaGuardia Airport in New York, killing 25 of the 51 people who were on board the aircraft. John Goglia and Greg Feith meet with flight 405 survivor Bob Main for a powerful discussion. Bob shares the remarkable story of his physical recovery—and the much longer, often overlooked journey that followed. He opens up about the psychological impact of surviving a catastrophic accident, as well as the challenges many survivors and their families face long after the wreckage is cleared. From intense media attention and reliving traumatic experiences during legal proceedings that can stretch on for years, to making difficult personal and professional decisions, Bob provides a candid look at what it really means to survive an aviation accident. John and Greg bring their own perspectives from the investigative side, drawing on their years at the NTSB and their careers in aviation safety. Together, they explore the human consequences of aviation accidents that aren't always captured in accident reports. Bob published a book about his experiences in early 2026, reflecting on how the Flight 405 accident and everything that followed shaped the past 34 years of his life. This is more than a story about surviving a plane crash. It's a powerful conversation about trauma, recovery, resilience, and what happens after the investigation ends. Watch this important episode and subscribe to Flight Safety Detectives for in-depth conversations about aviation accidents, investigations, safety, and the lessons that can help prevent future tragedies. Photo: Bob in the NY hospital the day after the crash. Credit: flight405survivorstory.com Don't miss what's to come from the Flight Safety Detectives - subscribe to the Flight Safety Detectives YouTube channel, listen at your favorite podcast service and visit the Flight Safety Detectives website. Want to go deeper with the Flight Safety Detectives? Join our YouTube Membership program for exclusive perks like members-only live streams and Q&As and early access to episodes. Your membership support directly helps John, Greg and Todd to deliver expert insights into aviation safety.Interested in partnering with us? Sponsorship opportunities are available—brand mentions, episode integrations, and dedicated segments are just a few of the options. Flight Safety Detectives offers a direct connection with an engaged audience passionate about aviation and safety. Reach out to fsdsponsors@gmail.com. Music: “Inspirational Sports” license ASLC-22B89B29-052322DDB8 Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Big Paul Barnett from Anabolic Bodybuilding joins Ron Partlow, Dusty Hanshaw and Scott McNally for a special crossover episode of It's Just Bodybuilding. The guys talk training after 40, celebrities on steroids and Natty or Not, Regan Grimes heading to the Olympia, GLP-1s, insulin resistance, bodybuilding as you get older, gym stories and more. 0:00 That Time You Were a Jerk in the Gym
 1:00 Welcome to It's Just Anabolic Bodybuilding 
3:00 Regan Grimes Is Going to the Olympia
 6:30 How Will Regan Grimes Do at the Olympia?
 13:00 Andrea Shaw, Dr. Meg Morrison & Ranya Temizkan
 18:00 Why Big Paul Started Anabolic Bodybuilding
 21:45 Big Paul Got Banned From Facebook?!
 26:00 Big Paul's Experience With GLP-1s
 35:10 Can You Reverse Insulin Resistance?
 40:40 The Best Training for Older Bodybuilders
 57:15 Meanest Thing You've Done to Someone in the Gym
 1:10:30 Celebrities on Steroids: Natty or Not?
 1:28:40 Dinner With 3 Historical Figures
 1:38:20 The Rush of Playing in a Band
 1:49:40 Olympia Travel Plans
 1:53:20 Why Do Coaches Need All the Credit?

Crypto News: U.S. state banking associations plan to launch their own nationwide blockchain network. BlackRock has cut minimum for private in-kind creations on iShares Bitcoin ETF to $1 million. Franklin Templeton partners with HashKey to offer tokenized money market fund in Asia.

Register for our free masterclass on the tools you need to level up your points gamehttps://webinar.geobreezetravel.com/?utm_source=youtube Timestamps:00:00 Why Documentation Matters01:05 Meet Lisa Jarvis02:22 Filing Claims Step by Step05:37 Credit Card vs Insurance08:08 Best Cards and Covered Reasons12:03 Trip Delay Coverage Hacks15:14 Passenger Rights Explained18:32 The Zero Cost Policy22:23 Odd Scenarios and Add Ons31:23 Exclusions and Risky Activities34:06 Liability and Rental Cars38:05 Resources and Wrap UpYou can find Julia at: ➤ Instagram: https://www.instagram.com/geobreezetravel/ ➤ Credit card links: https://www.geobreezetravel.com/cards You can find Lisa at:➤ Website: https://www.chasingmemories.co/ ➤ Instagram: https://www.instagram.com/chasingmemories.co/  Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post. The content of this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.

Walmart beat earnings expectations. Walmart beat revenue expectations. Walmart raised its full-year outlook. And then the stock got CRUSHED! So what happened? In today's episode, we're diving into a great viewer question about Walmart and whether the recent selloff was justified. But to really answer that question, we need to look beyond Walmart's earnings report and ask a much bigger question: Is the American consumer finally starting to crack? Walmart's latest quarter gave Wall Street plenty to think about. U.S. comparable sales grew just 2.6%, the slowest pace in six years and well below expectations. At the same time, the company's e-commerce business grew 24%, earnings beat expectations, and management actually raised its full-year outlook. So why did investors wipe more than $80 billion from Walmart's market value? Because the market isn't simply looking at what Walmart earned yesterday. It's trying to figure out what the consumer will do tomorrow. We'll dig into: Why Walmart fell despite beating earnings expectations The slowdown in comparable-store sales Whether Walmart's valuation had simply gotten too expensive What management's guidance tells us about the months ahead Why higher-income consumers continue migrating toward Walmart What gasoline, food prices and inflation are doing to household budgets Whether the weakness is Walmart-specific—or something much bigger Then we'll zoom out and look at the macro data. July U.S. retail sales declined 0.6% month over month, even though they remained 5% higher than a year earlier. Consumer confidence has also weakened, with Americans becoming increasingly pessimistic about future business conditions and employment. That's where this story gets interesting. Because the consumer isn't necessarily collapsing. There are conflicting signals everywhere. Credit-card spending remains relatively resilient. Walmart continues gaining customers. E-commerce is growing. Yet confidence is deteriorating, retail sales have softened, gasoline prices remain elevated, and consumers are becoming increasingly cautious about the future. So which side should traders believe? The consumer may not be broken—but the cracks are becoming increasingly difficult to ignore. And remember, consumer spending represents roughly two-thirds of U.S. economic activity. If consumers begin pulling back, the impact doesn't stop at Walmart. It can eventually flow through to retail sales → corporate earnings → employment → economic growth → Federal Reserve policy → the stock market. That's why Walmart's 9% selloff deserves a much deeper look than simply saying, "They missed comparable-store sales." For additional research, check out U.S. Census Bureau Retail Sales and The Conference Board Consumer Confidence Index. Listen now:

Ken is Founder, President and CEO of Churchill Asset Management, one of the largest private credit managers in the U.S., overseeing more than $66 billion of committed capital. A veteran of leveraged finance with leadership roles at Churchill, Carlyle, RBC, and Chase, Ken shares how private credit has evolved, where middle-market opportunities remain, what investors misunderstand about risk and scale, and why relationships, trust, and disciplined underwriting continue to matter in an increasingly data-driven world.-This podcast/webcast is provided for informational purposes only and should not be considered legal, tax, investment, or business advice. It is not a solicitation, recommendation, or endorsement. All opinions expressed by participants are their own and do not necessarily reflect the views of the Evoke Advisors Division of MAI Capital Management, LLC ("Evoke”), its affiliates, or any companies mentioned. Information shared has not been independently verified by MAI or its affiliates. MAI Capital Management, LLC (“MAI”) is registered with the U.S. Securities and Exchange Commission ("SEC"), which does not imply any particular level of skill or training.Certain information contained herein has been obtained from third party sources and such information has not been independently verified. No representation, warranty, or undertaking, expressed or implied, is given to the accuracy or completeness of such information by any person.While such sources are believed to be reliable, Evoke does not assume any responsibility for the accuracy or completeness of such information. Evoke does not undertake any obligation to update the information contained herein as of any future date.The content is intended for a general audience and does not constitute a recommendation to buy or sell securities or adopt any investment strategy. Any examples or scenarios discussed are illustrative only, involve risks and uncertainties, and do not guarantee future results. Non-traditional assets carry significant risks and may not be suitable for all investors. Decisions should be based on individual objectives, risk tolerance, and circumstances.Statements herein are general and may not reflect an individual's or entity's specific circumstances or applicable laws, which vary by jurisdiction. Further, speakers' views are personal and may differ from Evoke and MAI recommendations and are not specific investment advice; and do not consider client objectives, risk tolerance, and diversification. Guests may have current or past relationships with Evoke and MAI, its affiliates, or the host, including as clients, service providers, or business partners. Participation does not constitute an endorsement or testimonial. No compensation has been paid or received for guest participation unless disclosed. MAI and its affiliates may have business relationships with entities mentioned in this podcast, which could create potential conflicts of interest. These relationships may include advisory services, investment management, or other arrangements. MAI seeks to manage such conflicts consistent with its fiduciary obligations and policies.(As of December 22, 2025)

In our fourth Summer School episode this season, hosts Dr. Amber Hildreth and Dr. Jordan Whatley have taken highlights from past episodes on liver disease and put them into a special episode full of clinical pearls.Former expert guests Dr. Bill Balistreri, Dr. Jorge Bezerra, Dr. Saul Karpen, Dr. Dennis Black, Dr. Amy Taylor and Dr. Rohit Kohli cover neonatal cholestasis, biliary atresia, PSC, AIH, and MASLD.Our Bowel Sounds Summer School series will include four episodes each summer on big topics in our field, artisanally crafted for the ears of learners of all stages from the young student to the seasoned attending.Learning Objectives:Understand the evaluation of neonatal cholestasisReview the natural history of PSCReview the diagnosis and management of AIHUnderstand the diagnostic evaluation and management of MASLD.Featured episodes:1. Bill Balistreri- Neonatal Cholestasis2. Jorge Bezerra- Advances in Biliary Atresia3. Saul Karpen- Updates in Biliary Atresia4. Dennis Black- Primary Sclerosing Cholangitis5. Amy Taylor- Autoimmune Hepatitis Management6. Rohit Kohli- Fatty Liver DiseaseAdditional Links:1. Guideline for the Evaluation of Cholestatic Infants2. AASLD PSC Guidelines3. AASLD AIH GuidelinesSend us Fan MailSupport the showThis episode may be eligible for CME credit!  Once you have listened to the episode, click this link to claim your credit.  Credit is available to NASPGHAN members (if you are not a member, you should probably sign up).  And thank you to the NASPGHAN Professional Education Committee for their review!As always, the discussion, views, and recommendations in this podcast are the sole responsibility of the hosts and guests and are subject to change over time with advances in the field.Check out our merch website!Follow us on Bluesky, Twitter, Facebook and Instagram for all the latest news and upcoming episodes.Click here to support the show.

Most people dread PCS season for how much it drains the bank account — Jared flips it into a $7,500 payday. Back on the show, the host of the Military Miler podcast breaks down the exact moves he used moving his family from Italy to Japan: circuitous travel memos, leave in conjunction with official travel, stacking credit card credits, and pocketing thousands in COLA and utilities along the way. But this one goes deeper than travel hacking — it's a candid conversation about budgeting overseas, why your savings rate should bend to your values, and the trap of chasing financial independence so hard you forget to live. Practical tactics up front, real talk about "enjoying the ride" on the back half. Questions Asked: What's the strategy you're using to plus up your bank account before your next OCONUS assignment? Why did your chief recommend NOT going TDY en route, and how does transient BAH factor in? How does circuitous travel work, and how much does the Air Force reimburse per person? How do programs like LICWO (Leave in Conjunction with Official Travel) and circuitous travel actually save families money? What credit card moves are you stacking to get reimbursed for flights, fees, and pet travel? Living OCONUS, have you found any apps, tips, or systems that help track expenses and stick to a budget? Why did you switch from YNAB to Monarch Money, and what won you over? How do you handle irregular overseas bills, currency exchange, and fuel cards when budgeting? Which credit cards make sense overseas (foreign transaction fees, Visa/Mastercard acceptance)? How do you decide between living on base vs. off base — and paying above your BAH? What do you give up by chasing an extremely high savings rate, and is there a better balance? Where can people find you and what are you working on? Main Topics Covered: Turning a PCS into a profit: banking ~$2,500/month in saved COLA and utilities for a ~$7,500 net gain Circuitous travel and LICWO explained — and getting a $4,500-per-person reimbursement memo "The squeaky wheel gets the grease" — advocating for better travel options instead of accepting the worst flights Keeping family in a higher-BAH location, SCRA lease breaks, and shipping goods early to save Reducing the PCS burden on your spouse as part of the service member's job Credit card strategy: airline fee credits (Amex Platinum, Ritz-Carlton), Sapphire Reserve travel credits, and getting cat/pet fees reimbursed Budgeting overseas: YNAB vs. Monarch Money, auto-categorization, and creating spending rules Handling irregular utility bills, delayed charges, currency swings, and fuel cards abroad Building a bigger emergency fund and "don't spend your utility money" advice for new OCONUS airmen Foreign transaction fees — why annual-fee cards (waived for active duty) and Visa/Mastercard win overseas Weekly money meetings and aligning spending with your values (h/t Rebel Finance School, Ramit Sethi) Using points and miles to fly family in, book cheap intra-Asia trips, and buy "free" wants (Sonos speakers) A real-world redemption: 27,000 Alaska points + $150 vs. $1,600 cash for family flights Seasons of military life — the adventure vs. community continuum, and choosing per assignment The FIRE trap: why "sacrifice everything now" is shortsighted, and enjoying the ride to financial independence Bonus: Japanese microvans and minivans (Honda N-Box, Toyota Alphard, Delica) and the weak yen Links & Resources Mentioned: Military Miler podcast (YouTube and all podcast platforms) militarytravelrewards.com Monarch Money https://www.monarch.com/ (referral link for ~50% off first year) https://www.monarch.com/referral?code=iqj4r4ixad  Military Money Manual mentorship — militarymoneymanual.com/mentor Referenced first appearance: Military Money Manual episode 217 Spencer and Jamie offer one-on-one Military Money Mentor sessions. Get your personal military money and personal finance questions answered in a confidential coaching call. militarymoneymanual.com/mentor Over 24,000 military servicemembers and military spouses have graduated from the 100% free, Ultimate Military Credit Cards Course available at militarymoneymanual.com/umc3 In the Ultimate Military Credit Cards Course, you can learn how to apply for the most premium credit cards and get special military protections, such as waived annual fees, on elite cards. Learn how active duty military, military spouses, and Guard and Reserves on 30+ day active orders can get your annual fees waived on premium credit cards in the Ultimate Military Credit Cards Course at militarymoneymanual.com/umc3 If you want to maximize your military paycheck, check out Spencer's 5 star rated book The Military Money Manual: A Practical Guide to Financial Freedom on Amazon or at shop.militarymoneymanual.com. If you have a question you would like us to answer on the podcast, please reach out on instagram.com/militarymoneymanual.

You press play, pass the quiz, and add another CE to your collection. But have you ever wondered what it takes for that education to become CE-approved in the first place? In this Season 33 finale episode, Bobby and Jason are turning the mic to Beyond Clean's Chelsea Schmitz for a behind-the-scenes look at how continuing education programs become CE-approved. With more than 500 CE submissions under her belt, Chels walks through how educational content goes from an idea to an approved CE, what it takes to maintain CE-approved content, and what separates meaningful education from another hour spent checking a requirement off the list. We're closing out a season dedicated to training in SPD with a look at what goes into the education that keeps #CleanFreaks and our industry moving forward. Don't miss this season finale! After finishing this podcast episode, earn your 1 CE credit immediately by passing the short quiz linked here: https://www.flexiquiz.com/SC/N/episode33-08 Visit our CE Credit Hub at https://www.beyondcleanmedia.com/ce-credit-hub to access this quiz and over 350 other free CE credits. #BeyondClean #SterileProcessing #Season33 #BuiltDifferent #TrainingInSPD #CE #ContinuingEducation #CEApproved #Education

Episode #1431: Today we're joined by Steve Greenfield, General Partner at Automotive Ventures and we're talking about lenders opening the credit taps even as delinquencies stay near record highs. Plus Amazon's Zoox clears a major robotaxi hurdle and th...

In this episode, we discuss how Direct lending defaults are harder to observe than public market defaults, but analysis suggests financial distress has risen markedly since 2022.​‌ The discussion and content provided within this podcast is intended for informational purposes only and may not be appropriate for all investors. Reliance upon information provided in a podcast is at the sole responsibility of the listener. The information included herein is not based on any particularized financial situation, or need, and is not intended to be, and should not be construed as, a forecast, research, investment advice or a recommendation for any specific PIMCO or other security, strategy, product or service. Past performance is not a guarantee of future results. All investments contain risk and may lose value. Investors should speak to their financial advisors regarding the investment mix that may be right for them based on their financial situation and investment objective. Podcasts may involve discussions with non-PIMCO personnel and such content contain the current opinions of the speaker but not necessarily those of PIMCO. Other podcasts may consist of audio recording of an existing PIMCO article and such material contains the current opinions of the manager. The opinions expressed in all podcasts are subject to change without notice. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. PIMCO as a general matter provides services to qualified institutions, financial intermediaries and institutional investors. This is not an offer to any person in any jurisdiction where unlawful or unauthorized. For additional important information go to CMR2026-0521-5513952-T

To access AD FREE versions of our episodes, as well as bonus episodes and uncut audio and video,⁠ subscribe to our Patreon!⁠  If today's episode makes you laugh or scream, please do us a favor and rate our show 5 STARS on⁠ Apple⁠ or⁠ Spotify⁠ This is the easiest way for us to grow our community! Get your Cutie ⁠MERCH!⁠ We're on YOUTUBE! Be sure to⁠ subscribe⁠ so you don't miss a second of our hijinx - now on video! Follow Us on Social Media! Chelsea:⁠ @ohnochels⁠ Donny:⁠ @realdonnywood Learn more about your ad choices. Visit megaphone.fm/adchoices

AI's enormous capital requirements are reshaping the way companies tap credit markets. Our Chief Fixed Income Strategist Vishy Tirupattur takes stock of this summer's key financing developments. Read more insights from Morgan Stanley.----- Transcript -----Vishy Tirupattur: Welcome to Thoughts on the Market. I am Vishy Tirupattur, Morgan Stanley's Chief Fixed Income Strategist. Today: Why the summer of 2026 is all about AI Financing and the evolution of credit markets. It is Friday August 21st at 2pm in New York. The summer of 2026 may ultimately be remembered not for a new model release or a breakthrough chip, but for developments in AI financing that highlighted how quickly capital markets are adapting to the demands of the AI buildout. The starting point of our analysis remains unchanged: the demand for compute continues to outstrip supply of compute, resulting in upward revisions in AI infrastructure capex expectations as hyperscalers commit additional capital to secure future capacity. Our equity research colleagues now estimate that the total capex for the four largest hyperscalers will rise 57 percent in 2027 versus 2026. These spending plans reflect growing conviction that such investments can generate 25 percent plus returns on invested capital. At the same time, the lag between capex deployment and monetization continues to pressure near-term cash generation, with our analysts' 2027 free cash flow estimates for the four hyperscalers continuing to move lower. To a credit analyst, what this means is that the result is a widening financing gap in 2027. That means AI-related credit issuance will remain substantial and may even need to increase further before cash flows from these investments begin to catch up. Developments in credit spreads this summer have been equally telling. Credit spreads for hyperscalers have widened meaningfully. More notable even than the absolute level of widening is the divergence across financing channels. For example, spread widening was most pronounced in unsecured bonds, where issuance volumes accelerated sharply and investors remained exposed to a broader range of risks tied to the AI investment cycle. By contrast, spread widening in data center ABS and CMBS was much more modest. These structures are backed by operating assets that have already been constructed, powered, and leased, with contractual cash flows largely established. Combined with a more measured pace of issuance, these characteristics helped insulate securitized credit products from the volatility seen in unsecured credit markets. The divergence across credit markets also reflects the differences in issuer incentives and sensitivity to funding costs, which will shape issuance volumes going forward. At the higher end of the quality spectrum, the major hyperscalers, with average ratings of roughly AA, combine substantial financing needs with significant ratings flexibility. Given their ROIC expectations, these issuers are relatively insensitive to modest changes in borrowing costs. Higher funding costs alone are unlikely to materially slow capital raising by the highest-quality participants in the AI ecosystem. The opposite is true further down the quality spectrum. Lower quality hyperscalers and data center developers, including former bitcoin miners and REITs, have less balance-sheet flexibility and lower tolerance for higher funding costs. For these borrowers, wider spreads represent a more meaningful constraint, making funding costs a natural stabilizer of future supply. The next phase of AI financing is also likely to look quite a bit different as incremental capex shifts from data center shells toward compute equipment, particularly servers and chips, as well as energy assets. While some of these assets have already been financed through high-yield bonds and leveraged loans, compute infrastructure is particularly well-suited to asset-level financing, creating a larger role for private capital. The emergence of large-scale component financing is likely to be enabled by the highest-quality issuers flexing their ratings as well as balance-sheet strength. We expect these issuers to increasingly provide backstops, credit support arrangements, and residual value guarantees, helping private capital underwrite ever-larger pools of AI infrastructure assets. As AI scales from a technology cycle into a capital cycle, understanding the nuances of financing is becoming increasingly important. In the next phase of the AI buildout, understanding the flow of capital may prove nearly as important as understanding the flow of innovation itself. AI is no longer just a technology story. It is increasingly a capital markets story as well. Thanks for listening. If you enjoy the podcast, please leave us a review wherever you listen and share Thoughts on the Market with a friend or colleague today.

Get 15% of on Saily E-SimsThis podcast episode is sponsored by Saily. Saily is an ESIM service app created by the security experts behind NordVPN. Instead of paying absurd daily rates to your home carrier or swapping SIM cards on arrival, Saily gives you flexible prepaid data plans in over 200 destinations worldwide. Download Saily from your app store and use our code FREQUENTMILER at checkout to get 15% off your first purchase. https://saily.com/frequentmilerOn today's episode, we'll talk about the many ways to shortcut Flying Blue elite status and why you might want to.Giant Mailbag(00:50) - Credit cards we're considering | Coffee Break Ep118 - Credit cards we're consideringCrazy Thing: Citi - Greg announce(03:32) - Citi ThankYou MastercardLearn about Citi's retailer cards hereMattress Running the Numbers(09:12) - 50X AA miles for Stand Up for Cancer donationLearn more about this hereBonvoyed - Feeling Blue about Flying Blue?(14:49) - Flying Blue to increase Standard award prices and introduce Light and Flex award faresLearn about Flying Blue's Light and Flex award fares hereThis Week in Points(23:42) - Greg- Bilt adds new Bilt Cash Options (Learn how to use Bilt Cash to book Blade rides here)(34:08) - Tim - Cardpointers: automatic "smart add" feature for Amex Offer priority (https://frequentmiler.com/workarounds-for-adding-amex-offers-to-multiple-cards-appear-to-be-dead/Learn some workarounds for adding Amex offers to multiple cards which appear to be dead here: )Personal Points(38:16) - Atmos 100K companion cert caveats (Learn all about Atmos Companion Awards here: https://frequentmiler.com/atmos-global-companion-awards-guide/)Main Event: Shortcuts to Flying Blue elite status(52:35) - Learn shortcuts to Flying Blue elite status here: https://frequentmiler.com/elite-status-via-the-air-france-klm-credit-card/ And why is Flying Blue status interesting?(58:57) - How Flying Blue elite status works(1:03:29) - Normal way to earn XPs(1:09:24) - ShortcutsLearn about Flying Blue Status Match (US residents version) here: https://frequentmiler.com/flying-blue-status-match-for-us-residents/Subscribe and FollowVisit https://frequentmiler.com/subscribe/ to get updated on in-depth points and miles content like this, and don't forget to like and follow us on social media.Music Credit – “Ocean Deep” by Annie YoderCheck out all of our other travel podcasts from around the worldThis podcast is part of the Voyascape Network, a collection of some of the world's best travel podcasts. Explore more at Voyascape.com. For advertising or sponsorship opportunities on this show and across the network, email advertising@voyascape.com or you can find more information at Voyascape.com/advertsing.

Register for our free masterclass on the tools you need to level up your points gamehttps://webinar.geobreezetravel.com/?utm_source=youtube Timestamps:00:00 Challenge Beta Update00:38 Pick Your Audience02:05 Set Realistic Expectations03:44 Practice Through Iteration05:26 Invest in Search Tools08:03 Tools Have Limits09:28 Time Money Tradeoffs11:27 No Silver Bullet11:57 Consistency Over 30 Days13:40 Wrap Up And FeedbackYou can find Julia at: ➤ Instagram: https://www.instagram.com/geobreezetravel/ ➤ Credit card links: https://www.geobreezetravel.com/cards  Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post. The content of this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.

MileProtection - Your hard earned miles deserve protection. Join the waitlist! (sponsored) - https://milestomemories.com/go/mile-protection/ Chase quietly added language to the Sapphire Reserve hotel credit that would have killed a way people were using it, and then just as quietly took it back out. Somebody at JP Morgan even emailed us about the article. There are also targeted Sapphire offers floating around that are better than anything public, including 175,000 points, and if you were shut down by Capital One years ago you may want to go check whether your Discover account is still open. Plus Discover's $2 forgiveness is dead, weird new 48 month language nobody can explain, and a couple of no lifetime language links worth knowing about. Let us know in the comments if you have ever been targeted for one of these offers. Episode Guide: 0:00 Welcome to MTM Travel 0:22 Back to School & Raising Polite Kids 5:56 The Social Media Cadence Problem 7:25 Why Honest Reviews Make People Angry 10:48 Chase Changes the Terms, Then Reverses 14:02 Targeted Sapphire Offers Up to 175K 17:58 Capital One Is Closing Discover Accounts 18:15 The $2 Forgiveness Is Gone 22:17 Discover's Strange 48 Month Language 26:58 First Credit Cards & the Flip-Out Keychain 28:37 Thrifty Traveler's 30% Off Sale 31:04 Coming Monday: Tokyo & Philippine Airlines 31:33 No Lifetime Language Bonvoy Links 34:45 Final Thoughts   Links Thrifty Traveler 30% off ends August 20, 2026 - https://milestomemories.com/go/thrifty-traveler/ Edit Credit - https://milestomemories.com/chase-updates-terms-for-back-to-back-the-edit-stays/ Chase targeted card offers up to 175K - https://milestomemories.com/targeted-increased-chase-sapphire-card-offers/ Cap One shutdowns - https://www.doctorofcredit.com/capital-one-shutdowns-can-cause-discover-shutdowns-ymmv/ Cap One Discover 48 month language - https://milestomemories.com/discover-48-month-language/ Amex Marriott no lifetime language - https://milestomemories.com/nll-links-for-amex-marriott-bonvoy-brilliant-and-bevy-cards/ ✈️ Track your travel credit cards for free

The new CleanMyMac interface is beautiful, intuitive, and responsive, allowing you to quickly see any potential concerns keeping your computer from running its best. Get Tidy Today! Try CleanMyMac 7 days FREE and use code PETAPIXEL for 20% off!Now saving when you shop for your favorite gear at B&H Photo is even easier with the B&H Payboo Credit Card which lets you Save the Tax — you pay the tax, and B&H pays you back instantly! (Save the Tax on eligible purchases shipped to eligible states.) OR you can pay over time with our 6 & 12 month financing (on minimum purchases of $199 for 6 months, and $599 for 12 months). Terms apply, learn more at http://bhphoto.com/payboo. Credit card offers are subject to credit approval.Payboo Credit Card Accounts are issued by Comenity Capital BankThis week on The PetaPixel Podcast, the Sony FX5 is officially delayed, Kodak has been profitable for a year straight, and a former Sony executive shares that back before it took over mirrorless with the E-mount, another company suggested they team up rather than Sony strike out on its own. Plus, Jordan Drake chats with special guest Becca Farsace and the two decide who "won" this generation of gimbal cameras: the Luna Ultra from Insta360 or the Osmo Pocket 4P from DJI. And, is back button autofocus stupid? All this and more!Check out PetaPixel Merch: store.petapixel.com/ We use Riverside to record The PetaPixel Podcast in our online recording studio.We hope you enjoy the podcast and we look forward to hearing what you think. If you like what you hear, please support us by subscribing, liking, commenting, and reviewing! Every week, the trio go over comments on YouTube and here on PetaPixel, but if you'd like to send a message for them to hear, you can do so through SpeakPipe.In This Episode:00:00 - Intro10:30 - The FX5 is delayed.17:14 - Kodak has been profitable for a solid year 22:13 - Insta360 is making a camera with a shape "you've never even considered."26:17 - NYC Fujikina finally has details28:08 - Sony declined to work with an established mirrorless camera brand back before it made its first mirrorless camera32:33 - Jared Polin says back button focus "is stupid"43:25 - How much would it take for you to sell your soul?52:08 - So, who won? DJI or Insta360? w/ Becca Farsace (watch her comparison here)1:19:24 - What have you been up to? (The Odyssey discussion)1:28:44 - Tech support1:38:00 - Feel good story of the week

Shane Gillis and Joe Rogan see the problem: big corporations and government are deeply intertwined. But is giving the government even more power really the solution? Nate and Charlie break down the call for another Teddy Roosevelt and argue that the very institutions designed to control powerful corporations helped create the incentives behind today's corporate-government relationship. They dig into Roosevelt's view of executive power, railroad regulation that protected companies from competition, antitrust enforcement, the early framework that led toward the Federal Reserve, and the growth of federal control over drugs, food, and meat processing. The recurring question is simple: if government becomes the gatekeeper to running a successful business, where are corporations going to spend their money and influence? The guys also get into the absurdities of trucking regulations, government-created railroad monopolies, USDA meat-processing rules, and why another government agency probably isn't fixing government corruption.   Follow or subscribe to Good Morning Liberty, and leave us a rating and review wherever you listen. 00:00 Good Morning Liberty + Charlie's Former Band 03:15 Shane Gillis and Joe Rogan Want Another Teddy Roosevelt 07:15 The Problem They Almost Get Right 10:30 Why More Government Creates More Corruption 13:15 Teddy Roosevelt's Theory of Presidential Power 15:30 How Railroad Regulation Protected the Railroads 19:15 When Regulation Spread From Railroads to Trucking 22:45 Monopoly, Antitrust, and the Free Market 28:15 The Government-Created Railroad Monopolies 33:00 Teddy Roosevelt and the Road Toward the Federal Reserve 36:30 The Origins of Federal Drug and Food Regulation 43:00 How Regulation Helps Consolidate Industries   Join GML: https://joingml.com All GML Links: https://gml.bio.link Watch All Episodes: https://www.youtube.com/playlist?list=PLi78svKlBr_8o0dDOX8DxO_Wwxu6WYhhA Watch Host Favorites: https://www.youtube.com/playlist?list=PLi78svKlBr__Zu40RL7mWxCuOOe54zgy2 Join the Fed Haters Club: https://www.goodmorningliberty.us/fedhatersclub Martens Minute: https://martensminute.podbean.com/  

Taking Credit

The LA Lakers --- a prestigious basketball franchise that didn't change hands for 46 years --- just sold twice in ten months, the second time for $2.5 billion more than the first. The seller is Mark Walter, CEO of Guggenheim, owner of the Dodgers and part of Chelsea FC, and the man whose laptop and phone the FBI seized off his private jet just as the Lakers deal was coming together. Since then, one of the insurance companies in his orbit has revised its reported related-party investments from $1.4 billion to $17 billion. Quite the rounding error. In this episode, we get into the questions everyone on the Street is suddenly asking. Why would anyone sell the crown jewel of American sports a year after fighting to buy it? What do a bunch of boring life insurance companies most people have never heard of have to do with the trophy assets of the billionaire class? Why do private equity and private credit firms keep buying insurers in the first place — and what happens to that entire model when the disclosures around "related parties" turn out to be, let's say, incomplete? And why did Josh Kushner and Bob Iger, who spent months chasing a Las Vegas expansion team, pivot to the Lakers over a single weekend? The bigger question hanging over all of it: this structure — asset managers selling their own loans to insurance companies they control — underpins a massive share of the boom in private credit. If regulators start pulling on this thread, how many other portfolios look like this one? By way of disclaimer, no charges have been filed and no wrongdoing has been established nor is implied here; our research merely summarizes reporting from Bloomberg, the FT, the WSJ, and the LA Times.

There is a giant debt black hole, and it is warping everything around it in the economy.  When we mention the debt black hole, you probably think of the national debt first. It is on the verge of eclipsing $40 trillion. But consumers and corporations are also leveraged to the hilt. In this episode of the Midweek Memo podcast, host Mike Maharrey exposes the ramifications of the debt problem by highlighting the growing risk of a private credit market meltdown and explaining how it could impact the broader financial markets and the economy.  He also proposes four reasons why central banks are piling up gold and replacing dollars. (These two themes overlap!)

Many people believe building wealth means optimizing every dollar. The reality is that not every financial decision deserves your time and energy. In this episode of The Budgetdog Breakdown, I answer real listener questions about moving for a lower cost of living, planning for final expenses, managing inherited investments, credit card rewards, and deciding whether crypto belongs in your portfolio. We discuss why money shouldn't dictate your life, how to think about the value behind inherited assets, why chasing credit card points can be a distraction, and how the mindset behind an investment can matter more than the investment itself. Money isn't just about math. It's about where you choose to focus your time, energy, and attention. Episode Timeline and Highlights 00:00 Why wealthy people rely on systems 00:18 Should you move for a higher savings rate? 02:34 Planning for final expenses 03:42 What to do with inherited stocks 05:08 The truth about credit card points 08:28 Are you missing out on crypto? 10:10 Final thoughts Key Takeaways • Don't let money dictate every major life decision • Financial planning can create flexibility without uprooting your life • Inherited assets should be evaluated based on their value, not just their history • Credit card rewards aren't worth it if they encourage unnecessary spending • Your time and earning power are valuable financial assets • Long-term investing beats chasing quick returns • The mindset behind an investment matters Quotables "Wealthy people aren't wealthy because they win every day. They use systems that make losing hard." "Don't let your money dictate your life." "Your time on this earth is limited, and your energy is finite." "You're not missing anything. You're being smart." The goal isn't to win every financial game. It's to spend your time and money on the things that actually move you forward.

Derek Shelton's short and testy press conference after the Twins' loss to Philadelphia on Sunday reminded Reusse of a Twins manager he covered long ago. Reusse also has thoughts on the Twins, Vikings and Lynx.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

8.17.2026 #RolandMartinUnfiltered: Black Candidate Hit With Fake HIV Smear. Trump Takes Credit For Crime Drop. NABJ Dings Stephen A. A Black Democratic congressional candidate is the targeted in a smear campaign that falsely alerted people by text message that he can't give blood because he is HIV positive.Shevrin Jones, Florida's first out LGBTQ+ Black senator, is here to set the record straight. A former professional basketball player is running to become South Carolina's first Black governor. Dr. Jermaine Johnson will explain why he's the best man for the job. The Trump administration is bragging and taking the credit for violent crime going down, but those crimes have been declining since 2022 - when he wasn't in office. We'll talk to the Senior Director for Public Safety from the Center for American Progress about the numbers. Attorney General Todd Blanche is considering seeking the Supreme Court's intervention to compel states to hand over voter rolls. California prosecutors told jurors Tupac Shakur's 1996 killing was 'an act of revenge' during today's opening statements. The defense says time, corruption, and a lack of facts will be challenges in the case. Saturday, the National Association of Black Journalists gave out its Thumb Down Award, including one to Stephen A. Smith. It's time for a little history lesson. I'll talk to the former president and founder of NABJ about why he began the acknowledgment. Black Star Network Partner: ChapterChapter and its affiliates are not connected with or endorsed by any government entity or the federal Medicare program. Chapter Advisory, LLC represents Medicare Advantage HMO, PPO, and PFFS organizations and stand alone prescription drug plans that have a Medicare contract. Enrollment depends on the plan’s contract renewal. While we have a database of every Medicare plan nationwide and can help you to search among all plans, we have contracts with many but not all plans. As a result, we do not offer every plan available in your area. Currently we represent 50 organizations which offer 18,160 products nationwide. We search and recommend all plans, even those we don’t directly offer. You can contact a licensed Chapter agent to find out the number of products available in your specific area. Please contact Medicare.gov, 1-800-Medicare, or your local State Health Insurance Program (SHIP) to get information on all of your options. ____ Download the Black Star Network app at http://www.blackstarnetwork.com! We're on iOS, AppleTV, Android, AndroidTV, Roku, FireTV, and SamsungTV. The #BlackStarNetwork is a news reporting platform covered under Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research.See omnystudio.com/listener for privacy information.

Register for our free masterclass on the tools you need to level up your points gamehttps://webinar.geobreezetravel.com/?utm_source=youtube Timestamps:00:00 What Is Gyoza Flights01:15 Meet Jason01:45 Points Journey Origins03:23 Project Sunrise Explained04:45 Earning Qantas Points06:28 US Transfer Partners07:34 Best Qantas Redemptions08:37 Domestic Flying Reality10:13 Qantas Status Culture11:37 Cabin Experience Review16:27 Emirates With Qantas20:07 Change Fees Pitfalls21:27 Partner Sweet Spots24:09 Jetstar Using Points25:29 Geoza Demo Setup26:02 Regional Search Explained27:26 Reading Results and Taxes27:56 Caching and Booking Links28:49 Velocity Filters and Qatar31:55 Trip Builder and Stops33:32 Self Transfer Stitching36:56 Qantas Pricing Reality Check40:17 Qantas Reward Finder Build43:22 Transparency and Points Accounting45:17 Where to Try It46:18 Wrap Up and Travel BanterYou can find Julia at: ➤ Instagram: https://www.instagram.com/geobreezetravel/ ➤ Credit card links: https://www.geobreezetravel.com/cards You can find Jason at:➤ Gyoza Flights: https://gyozaflights.com/ ➤ Qantas Flight Reward Finder: https://flightrewardfinder.qantas.com/ ➤ Instagram: https://www.instagram.com/gyozaflights/ ➤ LinkedIn: https://www.linkedin.com/company/gyoza-flights/ ➤ Jason's LinkedIn: https://www.linkedin.com/in/jasoncooper/  Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post. The content of this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.

Derek Shelton's short and testy press conference after the Twins' loss to Philadelphia on Sunday reminded Reusse of a Twins manager he covered long ago. Reusse also has thoughts on the Twins, Vikings and Lynx.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Credit card rental car coverage can be a useful way to reduce the cost of renting a car in Ireland, but not every card covers Ireland—and even cards that do can have very different limits, exclusions, and requirements. Full article & links: https://irelandfamilyvacations.com/credit-card-car-rental-insurance-ireland/ireland-travel-tips/ I explain what you need to check before declining the rental company's CDW, including proof-of-coverage requirements, credit card holds, vehicle and rental-length restrictions, and what your coverage does—and doesn't—protect. You'll also learn what can happen financially if the rental car is damaged, why it's worth reading the claims requirements before you leave home, and why detailed photos at pickup and return can be valuable when you're relying on credit card coverage. Ireland Travel Resources: - Car Rental & Driving Guide: https://irelandfamilyvacations.com/drive - DIY Ireland Travel Planner: https://irelandfamilyvacations.com/compass - Expert Ireland travel advice by email: https://ifv.kit.com/51952569c5

Credit repair business growth, the student loan dispute wave, and the fastest score win you can put on a client's report. Daniel Rosen breaks down three shifts happening in the 2026 credit market and the exact move to make on each. Join Our FREE Start Repairing Credit Challenge: HERE The national average FICO score has fallen for the second year in a row, and Daniel walks through what that really means for Credit Heroes. First, the student loan wave: reporting has resumed, more than 9 million borrowers fell past-due, and a lot of that reporting is messy with wrong dates, wrong balances, and wrong status you can dispute with specifics. Second, the quick-win fix on utilization. Daniel explains why paying a card down before the statement closing date, not the due date, can move a score on the very next update. It's the fast result that earns a skeptical client's trust in week one. Third, the build play most Credit Heroes are sleeping on. Gen Z is opening credit earlier with thin files and nothing to dispute, so what they need is credit building through secured cards, credit-builder loans, authorized user status, and reporting rent. It's a different service for a different customer, and a whole audience competitors are ignoring. Tune in!  P.S. Join the #1 event to grow your credit repair business: http://creditrepairexpo.com/   Key Takeaways: 00:00 Intro 01:30 The State of Credit in America Right Now 02:42 The Numbers Behind the Drop and What They Mean 04:36 Opportunity 1. The Student Loan Wave. Your Dispute Play 06:00 How to Identify and Dispute Messy Student Loan Reporting 06:36 Opportunity 2. Rising Balances. Your Quick Win Fix 07:20 Pay Before the Statement Date. Not the Due Date 08:04 Opportunity 3. Gen Z Thin Files. Your Build Play 09:04 Dispute. Fix. Build. Three Problems Three Moves 09:48 Final Thoughts Additional Resources: Get a free trial to Credit Repair Cloud Get my free credit repair training   How to Build Credit From Scratch in 2026 (The Service Your Business Is Missing) Make sure to subscribe so you stay up to date with our latest episodes.

Explore the case for hard assets over paper, the pension system's growing private credit exposure, and why deglobalization may reshape financial markets for a generation, with Macro Mavens founder Steph Pomboy. 03:04 AI, leverage, and the dot-com parallel 05:54 The competition for capital in 2026 08:48 The $15 trillion capital problem nobody is talking about 09:51 The triple B debt crisis and corporate balance sheet risk 22:25 The Fed as buyer of last resort for treasuries 28:24 The private credit boom and the pension problem 39:27 The upside of deglobalization and reshoring 44:52 Trend or Fad?

Private credit is under strain as troubled loans swell, JPMorgan boss Jamie Dimon warned Britain's chancellor against higher bank taxes, and the cost of shipping through many global maritime chokepoints are hitting record highs. Plus, the US is sitting on a mountain of debt – can anyone fix it? Mentioned in this podcast:Private credit under strain as troubled loans swellJamie Dimon warns UK chancellor against higher bank taxesWar and climate change drive surge in cost of shipping through global chokepointsUS sells 30-year bonds at highest borrowing costs since 2001How Ralph Lauren won the workwear wars as America returned to the officeThe mother of all professional wardrobes Style war: inside Wall Street's battle to revive J Crew Want to get in touch? Email us at podcasts@ft.comNote: The FT does not use generative AI to voice its podcasts The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, and Katya Kumkova. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our executive producer is Topher Forhecz. Flo Phillips is the FT's global head of audio. The show's theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Credit card fees rarely wreck a budget all at once. Instead, they tend to chip away at it little by little. Interest charges, late fees, annual fees, cash advances, and other costs can quietly consume resources that could have been used for saving, giving, or meeting other financial priorities. That's why wise stewardship includes understanding what your credit cards cost and making sure they're serving your financial plan rather than working against it. Proverbs 21:20 says, “Precious treasure and oil are in a wise man's dwelling, but a foolish man devours it.” This isn't a call to hoard what God provides. It's a reminder that wisdom pays attention. Good stewardship means knowing where our money is going and refusing to let avoidable expenses unnecessarily consume what God has entrusted to us. Start With the Biggest Cost: Interest Technically, interest isn't a fee, but for anyone carrying a credit card balance, it's usually far more expensive than the other charges associated with a card. When interest rates are high, reward points and cash-back offers quickly lose their appeal. A few dollars in rewards can't compensate for months of interest on an unpaid balance. The best practice is straightforward: Don't charge more than you can afford to pay off when the bill comes due. If you're already carrying a balance, consider putting the card away while you develop a plan to eliminate the debt. Continuing to add new purchases while trying to pay down old ones can make progress much more difficult. Avoid Late and Returned-Payment Fees Late fees vary by card issuer, so review your cardholder agreement and know exactly when your payment is due. Payment alerts and automatic payments can be helpful safeguards. At minimum, consider automating the required payment so an overlooked due date doesn't create another unnecessary expense. Ideally, pay the full statement balance each month so you avoid interest altogether. If you use automatic payments, however, make sure there's enough money in your checking account when the payment is scheduled. A returned payment may result in a fee from the card issuer and possibly another fee from your bank. Keeping a small cushion in checking can help protect against those surprises. Think Twice About Annual Fees Some credit cards have no annual fee, while others charge hundreds of dollars in exchange for travel benefits, rewards, or other perks. In many cases, avoiding an annual fee altogether is the simpler choice. The benefits may not justify the cost, especially if rewards encourage you to spend more than you otherwise would. The goal isn't to maximize points. It's to make wise decisions with the resources God has provided. For responsible credit users who want their financial tools to reflect their values, FaithFi appreciates AdelFi Christian Banking. Formed through the merger of Christian Community Credit Union and AdelFi Credit Union, AdelFi provides purpose-driven banking solutions designed to help Christians align their finances with their faith. Since 1995, AdelFi members' card activity has generated more than $6.9 million for Christian causes. You can learn more at FaithFi.com/Banking. Be Especially Careful With Cash Advances Cash advances are one of the most expensive ways to borrow. They may include an upfront fee, and unlike ordinary purchases, interest often begins accruing immediately. That makes a cash advance a costly solution to a short-term cash-flow problem. A better long-term approach is to build financial margin. Start with a small emergency fund, then work toward a larger reserve over time. Having cash available for unexpected expenses can help keep a financial setback from turning into high-interest credit card debt. Watch for Foreign Transaction Fees If you travel internationally or make purchases from foreign merchants, check whether your card charges a foreign transaction fee. Some cards charge a percentage of each transaction, while others waive these fees entirely. Knowing your card's policy before traveling can help prevent unnecessary surprises. Review Your Statements Every Month One of the simplest financial habits is also one of the most valuable: review every credit card statement. Look for unexpected fees, forgotten subscriptions, duplicate charges, or transactions you don't recognize. Regularly reviewing your statements helps you catch problems early and stay engaged with your financial life. It also gives you an opportunity to ask a larger question: Is this card still helping me accomplish what I intended it to? A Credit Card Should Be a Tool, Not a Master Credit cards aren't inherently good or bad. What matters is whether they help or hinder faithful stewardship. If using a credit card consistently leads to interest charges, fees, or overspending, the wisest decision may be to stop using it. There's no spiritual virtue in having a credit card, and there's no shame in choosing cash or debit if those tools help you manage money more faithfully. Faithfulness often shows up in small financial decisions: paying bills on time, avoiding unnecessary costs, living within God's provision, and directing more of what He has entrusted to us toward His purposes. Take a few minutes this week to review the credit cards you use. Know what they cost. Know why you have them. And make sure they're serving your financial plan rather than quietly shaping it. If you're looking for a financial institution that shares your Christian values, consider AdelFi Christian Banking. FaithFi listeners can earn up to a $400 bonus when opening a qualifying high-yield checking or savings account or a Cash Rewards Visa credit account. Visit FaithFi.com/Banking and use the code FAITHFI to learn more. On Today's Program, Rob Answers Listener Questions: I have investments, but I don't have a tax-planning strategy, and I'm paying a lot in taxes each year. My advisor doesn't seem very proactive. How can I find someone who can coordinate my investment and tax planning? I'm 67, debt-free, have a good income, and about $97,000 in savings and cash, but no retirement plan or investments through work. How should I start investing at this stage of life? Resources Mentioned: Faithful Steward: FaithFi's Quarterly Magazine (Become a FaithFi Partner) AdelFi Christian Banking FaithFi Field Guide: How Much Money is Enough?  Our Ultimate Treasure: A 21-Day Journey to Faithful Stewardship by Rob West Wisdom Over Wealth: 12 Lessons from Ecclesiastes on Money Look At The Sparrows: A 21-Day Devotional on Financial Fear and Anxiety Rich Toward God: A Study on the Parable of the Rich Fool Find a Certified Kingdom Advisor® (CKA) FaithFi App Remember, you can call in to ask your questions every weekday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God's resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Banks and credit unions rate higher than the fintechs on buy now, pay later. J.D. Power scores bank programs at 704 for customer satisfaction, compared with 603 for fintechs. Almost none of the spending is ours. The gap is timing. Our pay later arrives after the purchase, the fintechs own the purchase itself, and the moments a customer needs money the most, the emergency repair or the gap before payday, arrive without a checkout button at all. Meanwhile, Affirm and Klarna have both applied for industrial bank charters. Jim Marous lays out 3 levels of response based on when your institution shows up, from the card installment plan after the purchase to money already waiting in the mobile app before the customer knows what they will need it for. And he makes the case that the real advantage is not approving faster. It is the cash flow context that lets a primary financial institution structure the right answer, or say no when that is the better answer. Hosted by Jim Marous. Subscribe to Banking Transformed for new episodes multiple times each week.

Credit card fees rarely wreck a budget all at once. From interest and late charges to annual fees and cash advances, the cost of using credit can add up quickly. On the next Faith & Finance Live, Rob West looks at how to avoid those costs—and make sure the cards you use truly boost your financial plan, rather than work against it. Then, it’s on to your calls. That’s Faith & Finance Live, biblical wisdom for your financial decisions. That’s weekdays at 4pm Eastern/3pm Central on Moody Radio. Faith & Finance Live is a listener supported program on Moody Radio. To join our team of supporters, click here.To support the ministry of FaithFi, click here.To learn more about Rob West, click here.To learn more about Faith & Finance Live, click here.See omnystudio.com/listener for privacy information.

This episode is sponsored by Fidelity Investments and the all-new Fidelity Trader+ platform. Try Fidelity's most powerful trading experience yet: https://Fidelity.com/TraderPlus Fidelity Investments and MRKT Call are not affiliated. Views, opinions, products, services, and strategies discussed are not endorsed or promoted by Fidelity Investments. Fidelity Brokerage Services LLC, Member NYSE, SIPC. SUBSCRIBE to our newsletter: http://riskreversal.substack.com/ Dan Nathan & Guy Adami down the top market headlines and bring you stock market trade ideas for Monday, August 17th. Articles Mentioned Anthropic investors bet on $2tn valuation in record IPO (FT) Why Big Tech's AI Spending Is $3 Trillion Higher Than It Seems (WSJ) Nvidia Nears Deal to Guarantee Roughly $100 Billion in Credit for OpenAI (The Information) -- Learn more about FactSet: https://www.factset.com/lp/mrkt-callFollow us on Twitter @MRKTCallFollow @GuyAdami on TwitterFollow @CarterBWorth on TwitterFollow us on Instagram @RiskReversalMediaLike us on Facebook @RiskReversalWatch all of our videos on YouTube Learn more about your ad choices. Visit megaphone.fm/adchoices

#10MinuteswithJesus ** Put yourself in the presence of God. Try talking to Him. ** 10 minutes are 10 minutes. Even if you can get distracted, reach the end. ** Be constant. The Holy Spirit acts "on low heat" and requires perseverance. 10-Minute audio to help you pray. Daily sparks to ignite prayer: a passage from the gospel, an idea, an anecdote and a priest who speaks with you and the Lord, inviting you to share your intimacy with God. Find your moment, consider you are in His presence and click play.

Neil the Seal has captured the hearts - and laughs - of people across the world with his mischievous antics. The elephant seal keeps returning to the Australian island of Tasmania to chew traffic cones, attack street signs, and block traffic with his 1,000 kg body. His hijinks have made him a local icon and an internet celebrity. We find out why Neil keeps venturing to Tasmania's suburban streets to cause a ruckus.Also: How a group of Afghan women defied the odds to return to international football. Despite opposition from the Taliban, the players -- now scattered across the globe -- reunited to form Afghanistan's new national team.The woman who accidentally threw away a million dollar lottery ticket - and the incredible way she found it again.Scientists say they've created the first ever truly biodegradeable party balloons. They say existing options kill tens of thousands of marine animals a year.Plus: how an ordinary man in Italy made one of the most important archaeological discoveries in decades; and a world surfing championship - for dogs.(Photo: Neil the Seal in Tasmania, Australia. Credit: @neiltheseal22)Presenter: Helena Burke. Music composed by Iona Hampson.

Listen and subscribe to Money Making Conversations on iHeartRadio, Apple Podcasts, Spotify, www.moneymakingconversations.com/subscribe/ or wherever you listen to podcasts. New Money Making Conversations episodes drop daily. I want to alert you, so you don’t miss out on expert analysis and insider perspectives from my guests who provide tips that can help you uplift the community, improve your financial planning, motivation, or advice on how to be a successful entrepreneur. Keep winning! Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Michael Woodward. Interview Overview Guest: Michael WoodwardHost: Rushion McDonaldShow: Money Making Conversations MasterclassFocus: Entrepreneurship, real estate, education, overcoming poverty, and building generational wealthCompany Featured: Woodward Property Group Michael Woodward shares his journey from growing up in low‑income neighborhoods in Miami to becoming a successful real estate investor, contractor, and property management entrepreneur based in Atlanta. The conversation blends personal history, mindset lessons, and practical business guidance, especially for listeners from underserved communities. Purpose of the Interview The purpose of the interview is to: Demystify success for everyday people by showing how discipline, education, and calculated risk can lead to financial freedom Inspire listeners to move beyond circumstances of poverty or limitation Teach practical strategies around education choices, real estate investing, side hustles, credit management, and seizing opportunity Highlight community impact, mentorship, and “reaching back” to help others Rushion McDonald consistently frames the discussion around helping the audience “stop reading other people’s success stories and start planning your own." Key Themes & Takeaways 1. Poverty Is Relative — and Often Invisible Woodward explains that many people grow up in poverty without realizing it because everyone around them shares the same conditions. He distinguishes between government definitions of poverty and lived experience. Takeaway: Awareness is the first step to change; normal does not always mean acceptable. 2. Early Business Lessons Came from the Community Woodward credits his grandmother—who ran an informal candy business in the housing projects—as his first exposure to entrepreneurship. Watching her manage inventory, customers, and cash taught him foundational business principles. Takeaway: Entrepreneurship often begins long before formal education—especially in underserved communities. 3. Education as a Strategic Tool, Not Just a Degree Initially planning to become a lawyer, Woodward changed direction after realizing law school would not provide the financial or social return he hoped for unless he reached elite status. A mentor guided him toward education as a pathway for impact. He strongly recommends the Occupational Outlook Handbook as a practical guide for choosing careers based on income, longevity, and demand. Takeaway: Choose education intentionally—based on outcomes, not prestige. 4. Service Before Profit: Two Decades in Education Woodward spent over 20 years as a teacher and assistant principal, mentoring students, organizing college tours, and running summer STEM programs—often during his breaks. Takeaway: Long‑term service builds perspective, discipline, and purpose that later pays dividends in business. 5. Turning a Side Hustle into Financial Freedom While working in education, Woodward renovated homes at night and on weekends. Over time, rental income exceeded his school salary, allowing him to retire from education and focus on real estate full‑time. Takeaway: Side hustles can become exit strategies when managed consistently and patiently. 6. Opportunity Comes from Relationships A chance relationship with a Lowe’s executive changed Woodward’s business trajectory. When asked if he could do high‑end kitchens, he said yes—then partnered with the right experts to deliver. This led to contracts in seven Lowe’s stores across metro Atlanta. Takeaway: You don’t have to know everything—just know who to call. 7. High‑End Thinking Changes Income Ceilings Woodward explains the difference between standard and high‑end construction, describing six‑figure kitchens and appliances that cost more than many homes. Takeaway: Understanding premium markets unlocks entirely different financial opportunities. 8. Two Core Business Rules: Persistence and Credit When asked what advice he gives most often, Woodward gives two principles: Never give up Protect your credit He shares how poor credit once forced him to reinvest profits just to buy tools, slowing growth. Managing credit later removed those barriers. Takeaway: Credit is leverage. Without it, growth is harder and more expensive. Notable Quotes On poverty: “A lot of people living in poverty don’t know that they’re impoverished because everybody around them looks just like them.” On education choices: “I wanted to make a difference… and education allowed me to do that.” On opportunity and courage: “You don’t have to know everything. Just get the people in your corner that do.” On advice to entrepreneurs: “Never give up. And protect your credit. Credit is everything.” On consistency: “My phone number has been the same for 23 years. I ain’t going nowhere. Overall Impact The interview positions Michael Woodward as a practical role model—someone who combines humility, preparation, faith, and execution. Rather than promoting quick wins, the conversation emphasizes long‑term discipline, community uplift, and strategic decision‑making. Core message: Sustainable success is built step‑by‑step—through education, relationships, credit discipline, and the courage to say yes before you feel ready. #SHMS #BEST #STRAW Money Making Conversations Master Class with Rushion McDonald is America's premier entrepreneurship, business leadership, financial literacy, and wealth-building podcast featuring successful entrepreneurs, executives, founders, celebrities, and industry experts sharing actionable insights for professional and financial success. Business Podcast Entrepreneurship Small Business Business Growth Financial Literacy Wealth Building Black Entrepreneurs Minority Business Leadership Executive Leadership Business Funding Marketing Strategies Personal Development Startup Advice Sales Training CEO Interviews Founder Stories Professional Development Economic Empowerment Business Success Networking Brand Building Innovation How to start a business Small business funding Entrepreneur success stories Business leadership podcast Wealth building strategies Black entrepreneur podcast Minority business development Marketing for small businesses Business growth strategies Startup funding opportunities Executive leadership training Financial literacy education Success mindset podcastSupport the show: https://www.steveharveyfm.com/See omnystudio.com/listener for privacy information.

Listen and subscribe to Money Making Conversations on iHeartRadio, Apple Podcasts, Spotify, www.moneymakingconversations.com/subscribe/ or wherever you listen to podcasts. New Money Making Conversations episodes drop daily. I want to alert you, so you don’t miss out on expert analysis and insider perspectives from my guests who provide tips that can help you uplift the community, improve your financial planning, motivation, or advice on how to be a successful entrepreneur. Keep winning! Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Michael Woodward. Interview Overview Guest: Michael WoodwardHost: Rushion McDonaldShow: Money Making Conversations MasterclassFocus: Entrepreneurship, real estate, education, overcoming poverty, and building generational wealthCompany Featured: Woodward Property Group Michael Woodward shares his journey from growing up in low‑income neighborhoods in Miami to becoming a successful real estate investor, contractor, and property management entrepreneur based in Atlanta. The conversation blends personal history, mindset lessons, and practical business guidance, especially for listeners from underserved communities. Purpose of the Interview The purpose of the interview is to: Demystify success for everyday people by showing how discipline, education, and calculated risk can lead to financial freedom Inspire listeners to move beyond circumstances of poverty or limitation Teach practical strategies around education choices, real estate investing, side hustles, credit management, and seizing opportunity Highlight community impact, mentorship, and “reaching back” to help others Rushion McDonald consistently frames the discussion around helping the audience “stop reading other people’s success stories and start planning your own." Key Themes & Takeaways 1. Poverty Is Relative — and Often Invisible Woodward explains that many people grow up in poverty without realizing it because everyone around them shares the same conditions. He distinguishes between government definitions of poverty and lived experience. Takeaway: Awareness is the first step to change; normal does not always mean acceptable. 2. Early Business Lessons Came from the Community Woodward credits his grandmother—who ran an informal candy business in the housing projects—as his first exposure to entrepreneurship. Watching her manage inventory, customers, and cash taught him foundational business principles. Takeaway: Entrepreneurship often begins long before formal education—especially in underserved communities. 3. Education as a Strategic Tool, Not Just a Degree Initially planning to become a lawyer, Woodward changed direction after realizing law school would not provide the financial or social return he hoped for unless he reached elite status. A mentor guided him toward education as a pathway for impact. He strongly recommends the Occupational Outlook Handbook as a practical guide for choosing careers based on income, longevity, and demand. Takeaway: Choose education intentionally—based on outcomes, not prestige. 4. Service Before Profit: Two Decades in Education Woodward spent over 20 years as a teacher and assistant principal, mentoring students, organizing college tours, and running summer STEM programs—often during his breaks. Takeaway: Long‑term service builds perspective, discipline, and purpose that later pays dividends in business. 5. Turning a Side Hustle into Financial Freedom While working in education, Woodward renovated homes at night and on weekends. Over time, rental income exceeded his school salary, allowing him to retire from education and focus on real estate full‑time. Takeaway: Side hustles can become exit strategies when managed consistently and patiently. 6. Opportunity Comes from Relationships A chance relationship with a Lowe’s executive changed Woodward’s business trajectory. When asked if he could do high‑end kitchens, he said yes—then partnered with the right experts to deliver. This led to contracts in seven Lowe’s stores across metro Atlanta. Takeaway: You don’t have to know everything—just know who to call. 7. High‑End Thinking Changes Income Ceilings Woodward explains the difference between standard and high‑end construction, describing six‑figure kitchens and appliances that cost more than many homes. Takeaway: Understanding premium markets unlocks entirely different financial opportunities. 8. Two Core Business Rules: Persistence and Credit When asked what advice he gives most often, Woodward gives two principles: Never give up Protect your credit He shares how poor credit once forced him to reinvest profits just to buy tools, slowing growth. Managing credit later removed those barriers. Takeaway: Credit is leverage. Without it, growth is harder and more expensive. Notable Quotes On poverty: “A lot of people living in poverty don’t know that they’re impoverished because everybody around them looks just like them.” On education choices: “I wanted to make a difference… and education allowed me to do that.” On opportunity and courage: “You don’t have to know everything. Just get the people in your corner that do.” On advice to entrepreneurs: “Never give up. And protect your credit. Credit is everything.” On consistency: “My phone number has been the same for 23 years. I ain’t going nowhere. Overall Impact The interview positions Michael Woodward as a practical role model—someone who combines humility, preparation, faith, and execution. Rather than promoting quick wins, the conversation emphasizes long‑term discipline, community uplift, and strategic decision‑making. Core message: Sustainable success is built step‑by‑step—through education, relationships, credit discipline, and the courage to say yes before you feel ready. #SHMS #BEST #STRAW Money Making Conversations Master Class with Rushion McDonald is America's premier entrepreneurship, business leadership, financial literacy, and wealth-building podcast featuring successful entrepreneurs, executives, founders, celebrities, and industry experts sharing actionable insights for professional and financial success. Business Podcast Entrepreneurship Small Business Business Growth Financial Literacy Wealth Building Black Entrepreneurs Minority Business Leadership Executive Leadership Business Funding Marketing Strategies Personal Development Startup Advice Sales Training CEO Interviews Founder Stories Professional Development Economic Empowerment Business Success Networking Brand Building Innovation How to start a business Small business funding Entrepreneur success stories Business leadership podcast Wealth building strategies Black entrepreneur podcast Minority business development Marketing for small businesses Business growth strategies Startup funding opportunities Executive leadership training Financial literacy education Success mindset podcastSee omnystudio.com/listener for privacy information.

It's Indicators of the Week!On today's episode: Retirees get a bump in benefits; credit card debt delinquency at a historically high level; and the dating app Bumble on a serious decline — Men first! IRL events! What will work! Fact checking by Cooper Katz McKim and Vito Emanuel.Your Next Listen — Trying to fix the dating app backlashConnect with The Indicator — Sign up for The Indicator's weekly newsletter!— Buy the Planet Money book— Find our socials, YouTube and more!— For sponsor-free episodes, subscribe to NPR+ Support public media with NPR+ and enjoy perks for over 25 podcasts like this one. This show's perks include sponsor-free listening. Learn more at plus.npr.org.See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.NPR Privacy Policy

Checkout the WAWD Substack: https://whatarewedoingonthedesk.substack.com/ Dan Nathan welcomes Vincent Daniel, partner at Seawolf Capital and one of the investors who called the 2008 housing crash, for a deep dive into where markets stand heading into year-end. They break down new Fed chair nominee Kevin Warsh's "immaculate economy" problem, why passive fund flows are quietly the most powerful force in the market, and the hedge-fund blowup that briefly rattled the S&P. From there, Dan and Vincent get into the real meat of the episode: the new wave of GPU-backed financing deals from Nvidia, Apollo, and Blackstone, why Vincent thinks the AI trade is less a Ponzi scheme and more a "debt-infield CapEx initiative," and where the credit risk is really hiding. They also debate capital availability, return on invested capital, which software names survive the AI shakeout, and whether this all ends up looking more like the dot-com bust or the GFC. Plus: an unprompted case for why Vincent should be the next GM of the Mets. —FOLLOW USYouTube: @RiskReversalMediaInstagram: @riskreversalmediaTwitter: @RiskReversalLinkedIn: RiskReversal Media The financial opinions expressed in Risk Reversal content are for information purposes only. The opinions expressed by the hosts and participants are not an attempt to influence specific trading behavior, investments, or strategies. Past performance does not necessarily predict future outcomes. No specific results or profits are assured when relying on Risk Reversal. Before making any investment or trade, evaluate its suitability for your circumstances and consider consulting your own financial or investment advisor. The financial products discussed in Risk Reversal carry a high level of risk and may not be appropriate for many investors. If you have uncertainties, it's advisable to seek professional advice. Remember that trading involves a risk to your capital, so only invest money that you can afford to lose. Derivatives are not suitable for all investors and involve the risk of losing more than the amount originally deposited and any profit you might have made. This communication is not a recommendation or offer to buy, sell or retain any specific investment or service.

Credit card delinquencies are sitting at 13% so far this year. It's the highest national rate since the tail-end of the Great Recession. The aftermath of the COVID-19 pandemic, including high inflation and job uncertainty, is partially to blame. Also in this episode: Home equity lines of credit become more popular as traditional borrowing rates climb, small business owners are cautious but optimistic — and trying to hire — and Kyla Scanlon explains economic nihilism.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.Read the stories in today's episode:Younger consumers are turning to "little treats" in the face of economic nihilismWhy lines of credit have become a preferred piggy bank for homeownersCredit card delinquencies approach Great Recession levelsChina is shaping the technology of the future. Where does that leave the U.S.?Small business owners are feeling uncertain but optimistic