Podcasts about development authority

"The [sub-national level] is where we can incubate and to effectuate the private sector shifts that we see happening every day. We are looking to move markets in a direction that can improve not only quality of life, but the very metrics that we're solving for. And when you look at this over years or even decades, you can see the pace accelerating and market momentum taking off." Doreen Harris on Electric Ladies Podcast As the fourth largest state in the U.S., New York consumes a staggering amount of electricity annually to power an economy that ranges from finance to manufacturing, so it's facing the reality every state faces today: how to meet its growing energy demands and mitigate climate change. Enter NYSERDA, an agency which has been at the frontlines of the clean energy transition for 50 years, and is showing how clean energy on the state level leads the way to the clean energy future we need to address the climate crisis. How are they doing it? Doreen Harris, President and CEO of NYSERDA, the New York State Energy Research and Development Authority on Electric Ladies Podcast talks about it. She explains how NYSERDA is balancing acting urgently on climate change and deploying innovative solutions that drive cost efficiency, economic growth, and a higher quality of life for all New Yorkers.  You'll hear about: Why modernizing the grid and integrating new technologies are essential to New York's clean energy transition. NYSERDA's role in driving innovation in renewable energy, energy storage, advanced nuclear, and hydrogen – and what other states can learn from them. How federal funding from the Inflation Reduction Act and Infrastructure Investment and Jobs Act is accelerating deployment. Plus, career advice from a woman who become the first president of NYSERDA who came from within the organization.  "I asked to do things that maybe others weren't bold enough to say. I identified needs, I put myself in positions of exposure, and ultimately was successful in delivering on them. In doing so, not only did I build a portfolio that is a game changer for the State of New York, but this allowed me to be exposed to areas, stakeholders and people outside of the organization. It all starts by being confident in your ability to deliver and to be able to say so." Doreen Harris on Electric Ladies Podcast Read Joan's Forbes articles here. You'll also like: ICWS Webinar, Joan Michelson moderates an enlightening webinar with top leaders on The Future of the Energy Transition and the Grid. Paula Glover, CEO of the Alliance To Save Energy, on energy efficiency savings and opportunities Vanessa Chan, former Chief Commercialization Officer of the Department of Energy, on funding the transition to clean energy. Anne Kelly, VP of Government Relations at Ceres, on the role of the business community in the clean energy transition. Jennifer Granholm, immediate past Secretary of Energy on why she's confident the clean energy transition will endure.  More from Electric Ladies Podcast!  Join us at The Earth Day Women's Summit on April 22, 2025, in Dallas, Texas! Register today with the code “EDWS” for the Women's Summit and a special rate.  Elevate your career with expert coaching and ESG advisory with Electric Ladies Podcast. Unlock new opportunities, gain confidence, and achieve your career goals with the right guidance. Subscribe to our newsletter to receive our podcasts, articles, events and career advice – and special coaching offers. Thanks for subscribing on Apple Podcasts or iHeartRadio and leaving us a review! Don't forget to follow us on our socials Twitter: @joanmichelson LinkedIn: Electric Ladies Podcast with Joan Michelson Twitter: @joanmichelson Facebook: Green Connections Radio

Maisha Moore, Deputy Executive Director for the CRDA has a historied career and achievements as a businesswoman in public service. Listen as we spotlight her for International Women's Day and her dedication to the community.

Watch Download File

Watch Download File

Send us a textKevin Caldwell is CEO, Co-Founder & President of Ossium Health ( https://ossiumhealth.com/ ), a commercial stage bioengineering company that leverages its proprietary organ donor bone marrow banking platform to develop stem cell therapies for patients with life-threatening hematologic conditions, organ transplant rejection, and musculoskeletal defects.  Mr. Caldwell built Ossium from a small startup into the clinical stage bioengineering company it is today, setting the company's mission to improve human health through bioengineering and designed its platform-based model for cellular therapeutics development. He has led the company's successful pursuit, negotiation, and execution of more than 50 business relationships, including 5 successful fundraisings and dozens of supply partnerships, clinical partnerships, and commercial contracts with biopharmaceutical companies. After seven years of strategic engagement and networking, Mr. Caldwell drove the team to successfully secure a transformative federal contract with BARDA (Biomedical Advanced Research and Development Authority) that validates Ossium's innovative approach. This milestone represents the culmination of persistent relationship-building, targeted proposals, and  unwavering commitment to addressing national biomedical challenges through cutting-edge technology and collaborative partnerships.Prior to founding Ossium, Mr. Caldwell served as an Engagement Manager at McKinsey's San Francisco office where he advised clients in the biotechnology and healthcare sectors. His projects ranged from due diligence of acquisition targets in the biotech startup ecosystem to restructuring distressed biopharma companies. Mr. Caldwell led more than 20 engagements with more than a dozen clients, leading teams that advised clients on revenue growth, go to market strategy, and organizational restructuring.Before McKinsey, Mr. Caldwell served as a Senior Investment Associate at Bridgewater Associates where he did quantitative research for the firm's global macro investments. Mr. Caldwell studied Physics and Economics at MIT before receiving his JD from Harvard Law School. In addition, he is a member of the Young Presidents Organization (YPO), and a Fellow of the Leaders in Tech Program.#KevinCaldwell #OssiumHealth #BoneMarrow #HematopoieticStemCellTransplantation #HSCT #MesenchymalStemCells #Leukemia #Lymphoma #Myeloma #SickleCellDisease #OrganTransplantRejection #GraftVersusHostDisease #GVHD #BARDA #ASPR #CBRN #NuclearEmergencyPreparedness #Longevity #Aging #Frailty #ProgressPotentialAndPossibilities #IraPastor #Podcast #Podcaster #ViralPodcast #STEM #Innovation #Technology #Science #ResearchSupport the show

To end at 5:15 pm

This episode was recorded on November 15, 2024. Welcome to The Zenergy Podcast! Today, host, Karan Takhar speaks with Doreen Harris, President and CEO of NYSERDA, the New York State Energy Research and Development Authority. To begin, Doreen shares her vision for the future and what role NYSERDA will play in achieving that vision. In addition, Doreen and Karan discuss the challenges that may arise as New York aims towards reaching their many important, renewable energy goals. They briefly chat about the South Fork Wind Project, the first commercial scale offshore wind project in the U.S., and Doreen gives the lessons she's learned that other states could apply to their own large-scale infrastructure verticals. Finally, Doreen shares advice for those uncertain periods and advice to young professionals just starting out in their careers. If you like the episode, be sure to subscribe to the podcast for more great climate and renewable energy themed episodes.

America Out Loud PULSE with Dr. Randall Bock – From the labyrinthine contracts of BARDA (Biomedical Advanced Research and Development Authority) [a subdivision of both HHS and ASPR to the unchecked power of the Senior Executive Service (SES), Malone detailed a system riddled with flaws — while warning that genuine threats from bad actors like Iran and China persist...

America Out Loud PULSE with Dr. Randall Bock – From the labyrinthine contracts of BARDA (Biomedical Advanced Research and Development Authority) [a subdivision of both HHS and ASPR to the unchecked power of the Senior Executive Service (SES), Malone detailed a system riddled with flaws — while warning that genuine threats from bad actors like Iran and China persist...

Robert Moment was born in Virginia and basically has spent his entire life there except for college which took him to Maryland. Robert received a degree in Business and, after college, he went to work in corporate America. He worked for a number of large corporations including Xerox in the 1990s. He tells us some of his experiences in the corporate world and how they eventually caused him to shift gears and start his own coaching and consulting business.   Today he is a recognized authority and he has authored several books. His newest one coming out shortly is "Believe in Yourself You Got This".   What I like about talking with Robert is his down to earth direct manner of presenting ideas. As he says fairly early in our discussion, his parents taught he and his brother to believe in themselves. Robert discusses with us this concept of self belief and how it differs from ego. As he says, his father taught him that “ego” stands for “edging God out”. Pretty clever. Robert gives us a number of practical tips and lots of advice we can put to use in our daily lives. I hope you will like what Robert Moment has to say.       About the Guest:   As a sought-after authority in leadership development, Robert Moment draws upon a wealth of Fortune 500 experience and certified coaching expertise to unlock the extraordinary in leaders and organizations. 1. Leadership Development Authority: Robert Moment is a leading authority in executive coaching and leadership development. Leveraging over 15 years of experience and deep insights from Fortune 500 environments, he empowers individuals and organizations to reach new heights. As an ICF Certified Executive, Leadership, Emotional Intelligence, Career, and Peak Performance Coach, his expertise spans diverse leadership domains. 2. Startup Success Catalyst: Robert holds unique expertise in nurturing cybersecurity, healthcare, fintech, and critical infrastructure startups, guiding them through scaling challenges to achieve revenue growth. His tailored approach fosters sustainable success for these firms within competitive markets. 3. Peak Performance and Emotional Intelligence Focus: Specializing in peak performance coaching, Robert works with CEOs, executives, and high performers, empowering them to lead empathetically with high emotional intelligence. This creates collaborative and thriving work environments. As a certified practitioner, he utilizes the Social + Emotional Intelligence Profile-Self (SEIP) ® Assessment to facilitate targeted development plans. 4. Author and Comprehensive Coaching Methodology: Robert's books, including "CEO Coaching for Cybersecurity Growth" and "Believe in Yourself You Got This," offer practical strategies for professional growth. His comprehensive coaching methodology uniquely blends experience with modern assessment tools for results-driven, transformative experiences. 5. Executive Development and Career Coaching: Robert collaborates with executives and rising leaders to refine leadership skills and drive organizational success. He assists individuals at various career stages through fulfilling transitions. By identifying strengths, clarifying goals, and aligning values, he ensures informed decisions for long-term career satisfaction.   If you're ready to unlock your potential, achieve peak performance, and create the leadership legacy you envision, Robert Moment is the coach to guide you there.   Ways to connect with Robert:   Robert@LeadershipCoachingandDevelopment.com The Moment Leadership Coaching Group 2200 Wilson Blvd. Suite 102, #158 Arlington, VA 22201 LinkedIn  https"//www.linkedin.com/in/robertmomentleadershipcoach      About the Host:   Michael Hingson is a New York Times best-selling author, international lecturer, and Chief Vision Officer for accessiBe. Michael, blind since birth, survived the 9/11 attacks with the help of his guide dog Roselle. This story is the subject of his best-selling book, Thunder Dog.   Michael gives over 100 presentations around the world each year speaking to influential groups such as Exxon Mobile, AT&T, Federal Express, Scripps College, Rutgers University, Children's Hospital, and the American Red Cross just to name a few. He is Ambassador for the National Braille Literacy Campaign for the National Federation of the Blind and also serves as Ambassador for the American Humane Association's 2012 Hero Dog Awards.   https://michaelhingson.com https://www.facebook.com/michael.hingson.author.speaker/ https://twitter.com/mhingson https://www.youtube.com/user/mhingson https://www.linkedin.com/in/michaelhingson/   accessiBe Links https://accessibe.com/ https://www.youtube.com/c/accessiBe https://www.linkedin.com/company/accessibe/mycompany/   https://www.facebook.com/accessibe/       Thanks for listening!   Thanks so much for listening to our podcast! If you enjoyed this episode and think that others could benefit from listening, please share it using the social media buttons on this page. Do you have some feedback or questions about this episode? Leave a comment in the section below!   Subscribe to the podcast   If you would like to get automatic updates of new podcast episodes, you can subscribe to the podcast on Apple Podcasts or Stitcher. You can subscribe in your favorite podcast app. You can also support our podcast through our tip jar https://tips.pinecast.com/jar/unstoppable-mindset .   Leave us an Apple Podcasts review   Ratings and reviews from our listeners are extremely valuable to us and greatly appreciated. They help our podcast rank higher on Apple Podcasts, which exposes our show to more awesome listeners like you. If you have a minute, please leave an honest review on Apple Podcasts.       Transcription Notes:   Michael Hingson ** 00:00 Access Cast and accessiBe Initiative presents Unstoppable Mindset. The podcast where inclusion, diversity and the unexpected meet. Hi, I'm Michael Hingson, Chief Vision Officer for accessiBe and the author of the number one New York Times bestselling book, Thunder dog, the story of a blind man, his guide dog and the triumph of trust. Thanks for joining me on my podcast as we explore our own blinding fears of inclusion unacceptance and our resistance to change. We will discover the idea that no matter the situation, or the people we encounter, our own fears, and prejudices often are our strongest barriers to moving forward. The unstoppable mindset podcast is sponsored by accessiBe, that's a c c e s s i capital B e. Visit www.accessibe.com to learn how you can make your website accessible for persons with disabilities. And to help make the internet fully inclusive by the year 2025. Glad you dropped by we're happy to meet you and to have you here with us.   Michael Hingson ** 01:20 Well, hello to you all, wherever you happen to be, I am your host, Michael Hingson, and this is unstoppable mindset. We're really glad that you joined us today. Our guest is Robert moment, and Robert is a sought after authority and leadership development he's written a number of books. He's a coach, and all sorts of other kinds of things. Talking to coaches are is always really kind of fun. I learn a lot. I got all this free coaching. What can I say? It's It's always interesting and relevant to hear different points of view and get to put everything in perspective. So I'm really glad to have the opportunity this time to talk to Robert, and he does a lot of leadership development, and interested in getting into that and talking about him as well. So enough of that, Robert, welcome to unstoppable mindset. We're really glad you're here.   Robert Moment ** 02:15 Well, thank you, Michael for the opportunity. I'm excited.   Michael Hingson ** 02:20 Well, we're really looking forward to talking with you and learning a lot. I hope Tell me a little bit about the early Robert, kind of growing up. And let's start with that just kind of where you came from and all that stuff. Well,   Robert Moment ** 02:33 the early Robert, I grew up about 30 minutes outside of Charlottesville, Virginia, and I graduated, really, I would say I'm a country boy at heart humble beginnings. And my father, he was ex military, and one of the things he taught my brother and I, I'm two years younger than my brother, was self disciplined, and to always believe in yourself. That's something that my parents ingrained in us, you know, early on, and that's something, you know, it's like, it's in my DNA, and that's what I communicate to my clients. And even when I was in corporate America, I was in corporate America for over 20 years working for Fortune 500 companies, like your Xeroxes of the world, Citigroup, manpower. And then then I transitioned into leadership and executive   Michael Hingson ** 03:21 coaching. So where did you go to college? I   Robert Moment ** 03:24 went to college. Now it's called Washington at Venice University. It's about, I would say, 20 minutes outside of Washington, DC, in a place called Takoma Park, Maryland. And my degree is in business administration. But   Michael Hingson ** 03:39 you're mostly stuck in a rut, aren't you? You've lived in Virginia basically all your life.   Robert Moment ** 03:43 Yes, I have now. I've traveled globally, but yes, my, my my home base is, yes, Virginia. Now   Michael Hingson ** 03:52 I have to tell all of you listening that before we started this, Robert was saying that he loves the spring and summer and is not a winter person. So I'm not quite sure I totally understand the paradox, but there you are. But no, it's it's fine. You could be further north in Massachusetts and Maine and New Hampshire, and get a whole lot more snow than you get in Virginia. You   Robert Moment ** 04:16 know what, Michael, when I see when I watch TV, whether it's, you know the weather channel, or CNN, and I see the snow in Boston, upstate New York and Rochester and Syracuse. I am glad I'm in Northern Virginia.   Michael Hingson ** 04:31 Boy, it was interesting, if you remember from the Weather Channel, last year here out in Southern California, we had crazy, crazy weather in Mammoth and some of the areas around here, they had, you know, overall, more than, like, 50 feet of snow, and it eventually went away. But we had incredible amounts of snow in Tehachapi and Wrightwood, the snow was so high that a. Cover the roofs, and some roofs collapsed because they couldn't take all of the snow, and the roads were blocked so people couldn't get in and out, which also made it very interesting. And we here in Victorville, were down in a little valley. We're about 20 850 feet above sea level. We had two or three inches of snow one Saturday afternoon, and that   Robert Moment ** 05:23 was it. Wow, I did see that. I saw that. And I said, you know, I couldn't believe it. Yeah, it was, it was dangerous, treacherous. Yeah, it really paralyzed a lot of people, because they couldn't leave the house, homes.   Michael Hingson ** 05:38 Yeah, they couldn't at all. And the the thing is, like mammoth, I think it was mammoth didn't even close their ski season until last August. Well, this year, it's different. They're closing Sunday. Still, it's a while. Well, it is, it is, yes, so you said you worked for a lot of corporations for quite a while. So you started that, I assume, right out of college, because you had the business background, and what did you do for them?   Robert Moment ** 06:07 Well, I was like, for instance, corporate executive, sales, business development, account manager, a lot of titles, but I learned a lot, especially back then, like Xerox Corporation, you went through a lot of training, yeah, and that training that really, I was able to leverage it and, you know, transfer to other corporations. And one of the things I learned, it really wasn't so much that when I transferred to other organizations, because that was in telecommunications. I was in insurance. Manpower is more about human development. It was really about building people skills. Yeah, people skills, and then business acumen, because you can learn the products and the services, but to be able to build relationships. That was really my, one of my strongest suits.   Michael Hingson ** 07:04 Well, Xerox information systems, back a long time ago, in part, began because they acquired a company. I worked for Kurzweil Computer Products. So I I was sort of assimilated into Xerox, because I worked for Kurzweil, and then Xerox bought Kurzweil. They wanted the technology, though, they didn't really have as much interest in the people as demonstrated by the fact that within a couple of years, all the salespeople who worked for Kurzweil pre Xerox takeover were all invited to leave. And you know those those things happen, and I think it's a serious mistake when companies do that, because they lose all the tribal knowledge and all the information and the background that people have. And like you talk about the fact that you learned so much about people skills and interpersonal dynamics as you went along. And I think the companies really lose a lot of that when they buy a company and they assimilate it, and then they get rid of the people,   Robert Moment ** 08:10 you know, I'm glad you wanted you touched on that, because I'm working with a potential client and they want to buy the smaller cybersecurity startup. And when you do that, a lot of times, you know, you gotta look at the culture, and when you mention that, they let people go, you know, a lot of times good people who've been there, whether it's, you know, five years, 10 years, you know, that's a lot of intellectual property that's walking out the door, and a lot of times, for instance, they know that customer is better than the person who's acquiring them. Why do companies do that? You know, sometimes you know they want to cut costs, but cutting costs sometimes is not good business sense, because usually the company who takes over is the one who's going to let the existing employees go in, right? Because they want to bring down people. But when I want to talk to the CEO, you know, if he becomes they become a client. That's something I want to warn and caution, caution him, you know, don't go into, oh, I want to clean house and want to bring all of my people in, because this company does have some major business with several major hospitals, and you know, that's relationship building. And that relationship building took years for them to when I say years, maybe about, I think they said five or six years. So, yeah, go ahead. So that's important. You know that relationship, the existing company has that relationship, and I told him, I would tell him, you want to make a smooth transition.   Michael Hingson ** 09:57 Well, and the reality is, it's. Some point, you can bring your own people in, but you're going to have to hire people to replace the people you you move and other things. At some point, it would make a lot of sense to really evaluate people and their skills and look at what they bring to the company before you just let them go. I was the last sales guy to be let go from Kurzweil and I had been relocated, actually, in late 1981 from Boston. Well, I lived in Winthrop and we worked in Cambridge. Then I was relocated back out to California because I knew that area better and and it was pre Xerox takeover, but the discussions had begun. But in 19 late, 1983 into 1984 was clear that Xerox had had taken the company, and some people were leaving. I was the last of the sales guys to be let go. I don't know whether that had to do with blindness or whether I was just so far remote because I was cross country, but they did it nevertheless. And I think that they made a serious mistake by losing, if you will, so many people, it just isn't a bright idea to do.   Robert Moment ** 11:25 You know, it isn't, because even when I was there, Michael Xerox was losing a lot of market share. Yeah, yeah. When I was there, they was losing when I went, when were you there? I was there like in in 1992 and they was losing a lot of market share to,   Michael Hingson ** 11:46 it's canon, yeah, and IBM.   Robert Moment ** 11:49 IBM, yes, they was losing a lot of market share. And, you know, they got became complacent. Yeah,   Michael Hingson ** 11:58 they did and and didn't, and probably never really had a clue about why they were losing so much market share. But nevertheless, it happened, yeah,   Robert Moment ** 12:08 I mean, Xerox was, I mean, in terms of, I mean, too top heavy, in terms of, I mean, it seems like every quarter they was hiring people, but in terms of market share, yeah, they was losing market share. And then a company called OSE came in Rico, the Japanese, the Xerox almost went under, yeah, yeah, yeah. I   Michael Hingson ** 12:37 one of the reasons I was asked to relocate to California. And like I said, they just started the discussions, but because I had spent time on and lived on the west coast for most of my life, the other thing they wanted me to do was to interface with the more technical parts of Xerox. Namely, they had a facility called Park Palo Alto area Research Center. Yes, I wonder if that's still there. Do you know? Yeah, I don't know. You know, yeah, I don't either. But I, I did a lot of work to integrate some of the information from Kurzweil into Park, which is part of what I did. And it was, it was fun. Got to meet a lot of and know a lot of the people there, and I would have thought that they would have been a little bit smarter about how they how they dealt with me, but and other people, but it, you know, it goes the way that it goes. I hear it a lot in the broadcast industry. Somebody comes in and they buy a radio station or a television station, and they phase out all the people who are already working there, which is so crazy.   Robert Moment ** 13:46 Yeah, it, yeah, I've heard that. I've heard that too, and I've actually here, I can't think of what, what station, but yes, I've heard that, and that's consistent, I think across the board, yeah, it is   Michael Hingson ** 14:03 well, and I think it's a little bit different, not necessarily totally, but a little different, because what they're doing is they're probably changing formats and other things, and they want to bring in people who are familiar with but I also Do think that they don't look at the value that, if you will, tribal knowledge, even in a radio environment, can play. So what do you do? Well, you said something earlier, interesting. You said that your parents brought you up being very self assured, self confident, and so on. I think that's that's an important feature and skill that we ought to have. Do you? Do you ever find, though, that you're too self confident, and it go in a kind of transitions over into arrogance, as opposed to just self confidence?   Robert Moment ** 14:55 You know, one of the things my father, you. Taught us you have to be careful about ego. Because he said, ego, you know that can be blind, blind confidence and blind confidence. You know that's tied to external validation, you know. And he said, you know, really, self belief is about trusting, you know, trust in your inner knowing. And not only trusting your inner knowing, it's you know your instincts and and just know deep down, you know you are capable of overcoming challenges and achieving goals. And you know, he even taught us, even said this, and I don't know he didn't invent this, but he said, you know, ego is edging God out, and you want to focus on just trust and believe yourself. You're going to have challenges, but you really have it's a fine line, that ego confidence is great, but that ego that goes beyond confidence, that you know sometimes you don't even really look at reality like you feel like you're invincible. And I think when you think you become invincible, that's when arrogance and ego come in.   Michael Hingson ** 16:17 If you're really invincible, you don't have to show it. It is just the way it goes. Well. Have you ever had a time in your life when you experienced something that really caused you to face a major challenge and doubt yourself, and how did you deal with that?   Robert Moment ** 16:37 My first corporate executive position that inner critic came up. An inner critic is, do I have what it takes? Am I good enough? And how I acquired my inner critics? And it is still comes up, sometimes even now, with opportunity, but I have to say to myself, I have to take inventory. Look at your past successes, look at your past wins, and look at the skills that you bring to the table. And those skills are transferable, whether it's a client that I'm coaching now or a future client, bigger client, but just because sometimes you know, when the opportunity comes, we excited. We get excited about the opportunity, Michael, but then, like I said for me, that inner critic is like, Okay, are you ready for this? And I have to remind myself, Yes, you are you. You have more than enough. You are enough, and you can do this.   Michael Hingson ** 17:39 So what really happened that caused a lot of self doubt with that first job,   Robert Moment ** 17:45 the responsibilities, the revenue that I needed to generate, that I had never had that kind of revenue before, and and the people who I was going to manage, but at the end of the day, you know, I said, You know what? They would not have given you this position, and if they didn't think you could do it. And then look at your look at the skills that you have. And once again, I took audit in terms of the skills, my transferable skills, and I was able to succeed. But still, that inner critic, inner voice that happens even now as a coach, how do you   Michael Hingson ** 18:24 how do you get past that inner voice? Doing that,   Robert Moment ** 18:28 I created an acronym. An acronym is B, line, B, E, L, I, E, and it starts with I begin self awareness and I understand my strengths and I understand my weaknesses. And then E, I embrace my imperfections, and because everyone has them, but what makes me unique? And then L, I learned from my setbacks. I know there's obstacles and opportunities for growth. And then I invest in self care, I prioritize my physical and mental well being, and in E I empower that inner voice to silence any negative self talk, and I just focus on the positives,   Michael Hingson ** 19:11 one of the things that we talk about on unstoppable mindset. And I've said it a number of times, so I hope people don't get too bored, but I think it's important to say, I used to always say, I'm my own worst critic. I listen to speeches when I give them. I did it some when I was program director at the campus radio station at UC Irvine K UCI. I've done it a lot of times. I listen to myself, and I always used to say, you know, I'm really hard on myself. I'm going to be harder on myself than anyone else. Anyone else, because I'm my own worst critic. And actually, only the last over the last year have I realized wrong approach. I'm not my I'm not my own worst critic. I do believe in, and have always believed in the kinds of things that you're talking about, introspection on. Self analysis and so on. And what I realized is that, in reality, no one can teach me anything. They can provide the information, but I'm the only one who can teach me, and I've changed from saying I'm my own worst critic to saying I'm my own best teacher. And the reality is that just totally reshapes the attitude, and I will will tell you that it also helps in dealing with that inner voice. Because when I start to think about that, I think about, okay, how do I teach me? Well, it goes back to self analysis. It goes back to introspection. What worked today? Why didn't that go as well as I thought that it should, and it could be I was just too, too confident, and I've got to be open enough to acknowledge that, and okay, so what do you do to make sure that doesn't happen again? So I love the approach of I'm my own best teacher, because it's such a a positive and more constructive way of helping to guide you into introspection and real self analysis.   Robert Moment ** 21:06 You know, I love the concept, you know, I would say, Isn't that owning your power? Sure, yeah, I would say that's Michael, that's owning your power. It   Michael Hingson ** 21:17 is owning it's owning, well, it's owning your power, and it's owning your actions and what you do, and when you acknowledge that, then you can sit back and look at it and go, Okay, so let's discuss brain what happened. But that's exactly right, and I would rather look at things with something that will really move me forward. Rather than saying, let's criticize other people can criticize me, but then ultimately, I have to go back and listen to and look at what they say and decide, okay, where's the merit they're saying it, maybe there's something to it, but is there really, or how much? And take it to heart, but come to a decision and move forward. You   Robert Moment ** 22:11 know that, you know, I call it, I would, you know, reframe it, and that that was a, that's a major pivot shift in terms of your mindset and your thought process. Yeah, because, you know, a lot of times people, we can be our own worst enemy, and, like you said, our own worst critic. But how you're reframing it from a positive more so than a negative because most people want to, they start with the negative instead of the positive. Yeah, yeah. So I like how you're reframing that. Because just like this is that self talk, you know, you can say, you know, I'm not good enough. Well, say I am good enough, just that slightly framing, because I always words have power, and you continue to repeat something, you will believe it,   Michael Hingson ** 23:09 and you can also say, How can I get better? Yes, and take the time to really analyze it, because I believe that ultimately, when we look at ourselves, we can, if we practice it and develop that mind muscle, we really know the answers, but we have to listen to get them to come to the surface so we can deal with them. The fact of the matter is, we know a lot more than we think we do. We underestimate ourselves. And so often something comes up, and suddenly we think of an answer, but we go, oh, no, that's too easy. Or no, that can't be it. And we go back and, yeah, you see what I'm saying. And we go back and overthink it, and then come up with what turned out to be the wrong answer, because we wouldn't listen to ourselves with the right answer. You   Robert Moment ** 24:05 know, I feel as though the universe is always talking to us, and sometimes we have to be still. And for instance, you know, if I'm coming up with a book title, like you said, if it's too easy, it's like, well, that's too easy. Well, no, that's probably the book title that you need, yeah, or the article title. You know, a lot of times we think, if it's too easy, that's not the solution. But here's something that was, I learned in corporate America, we would, here's an example, a client had a problem. Let's say it could be any problem. And we, you know, meet with the client. The client, they have five people, you know, representing our company, and maybe we have three or four, and they said, you know, they've had this problem. Six. Months, and I'm listening to the client, and I said, you know, this is the solution. And I remember telling a VP, I wasn't at the VP level yet. We we had a debrief, you know, like in the lobby after the meeting, and I said, this is the this is a solution. This is the solution to the client problem, and this is what he said. He said, That's he said, No, that's to he said, not. The meeting lasted maybe almost almost two hours, and he said, No, that. He said, You know what a client, we can't go back to the client and say that's the solution because they had the problem. He said, for over six months, and what we want to charge the client, we got to drag this out. And I said, Why drag it up? They got a problem. And he said, they will not believe that we solve this problem within two hours. So I you know he was a VP, yeah, Michael, it we went through, I want to say this is years ago, five or six meetings and the solution, it was this, right solution, six meetings, and then finally, we tell the client, okay, we have come up with the solution. And that's when I think I said, you know, I don't think I'm going to be in corporate America too long after that,   Michael Hingson ** 26:35 you know? And I've, I've talked about it a few times after leaving Kurzweil because I was dismissed, as it were, or Xerox. Actually, at that point, I couldn't find a job because people wouldn't hire a blind person. And it's still way all too often the case, the unemployment rate is, you know, incredibly high. Depending on where you are. It could be 60 65% significantly higher, and I was looking for a job and wasn't finding one. And so what I eventually did was I started my own company selling computer aided design systems to architects, a blind guy selling cat systems. Why not? You know, I didn't need, I didn't need to work the system, but I did need to know how to work the system so that I could describe it to people. Well anyway, as we started working with architects and so on, they would say, well, we can't as much as this system works and all that we can't take on this system because we charge with our by our time, with our with our effort and our time, and if we use the CAD system, we'll get done in a fraction of the time, and so we'll not make as much money. Well, you know, my response was, you are looking at it all wrong. You're bringing in new technology. You're bringing in so much more capabilities, because you could bring a customer in, and you can do walk throughs and fly throughs and show them exactly what it looks like looking out a window from inside a building and all sorts of stuff. They can say they want to change something, and they can make the change, or you can make the change as they suggest it. You're not charging for your time anymore. You're charging for your expertise. You don't need to charge less, but you're charging for all the expertise and the skills and the added value that you bring to the sale. And the architects who got that, and there were some who did and some who didn't, but the architects who got it really began doing extremely well, because they could also then go off and look for more customers more quickly, quickly, yeah, and we, we really, we really need to remember that there are, on a regular basis, new and better solutions coming up, and it's hard to keep up with everything. But by the same token, if we can be aware of what we need to do to make everyone's lives better with whom we work, we're going to do better, because they're going to do better.   Robert Moment ** 29:20 I totally agree. Because, you know, when I'm working with clients, even if the first two sessions, I have a solution, I'm not going to say, okay, you know what? Hold on to this solution until coaching sessions. In six months into the coaching session, you know that? You know, yes, for me, it's integrity. That's one, but two, I want all my clients to succeed as fast as quick as possible. And you know, I remember, gosh, when I started out this client, he's I said, one of the questions I was asked, have you. Ever had a coach before? And he said, Yes, I had a coach before. And I said, Well, how did it work out? And he says, I felt as though he had solutions or could help me, but he dragged out the process. And I said, Okay, that's not gonna happen with me. Because then I thought, you know, I thought back in my experience when I was in corporate America, yeah, when you have the solution, but, you know, I think I really want to coach him for another six months, not for two days, or, you know, two weeks. So, yeah, well, you   Michael Hingson ** 30:35 could coach him for another six months. It's just that you're going to evolve and go in different directions, if that makes sense to do, yes, yes. And if it doesn't, you're going to have a very happy customer who's going to tell other people about you. Absolutely   30:51 yes. Well,   Michael Hingson ** 30:54 I want to get to your transition, but first, just following up on something we talked a little bit about, how do you really tell the difference between overconfidence, or what you call our inner critic and or whatever, and the whole real issue of healthy self evaluation? How do we really make those differentiations?   Robert Moment ** 31:16 I would say, in terms of, like I said, ego is self validation. I'm sorry, self validation, or external validation, when you're talking about self belief, that's trusting, that's a inner knowing, that's your inner being, your core. And I think that's the difference, and because when you're talking about self belief, you begin with self awareness. I don't know anybody who has a huge ego focuses on self awareness. They don't understand. They not want to talk about understanding our strengths, understanding our weaknesses, ego. They just don't but when you talk about self belief, self awareness, and then they embrace their imperfections, to me, that's, that's, that's very, very important. And then I can say, when you talk about investing in self care, you do prioritize your mental well being and also your physical well being. You take, really, you take inventory of self   Michael Hingson ** 32:21 as you should, and it's something that you, if you're doing it right, probably do on a regular basis. Yes,   Robert Moment ** 32:29 that's one thing I tell clients weekly. There's five questions I might give them depending on the individual to do what I call a mental coaching, self, self, mental coaching each and every week, because mental health, you know, it's, it's prevalent, and especially the higher you are as an executive, the pressure and self audit. Because even myself, I, you know, yes, I'm a coach, but coaching people, they said, well, that mental health, that's yeah, I have to still go out my mental health as well. Yeah,   Michael Hingson ** 33:10 well, and there's nothing wrong with asking yourself, did I really do that? Right? What can I learn? How do I move forward? But even just the whole concept of, did I do it right? Did I do what I really should do? Asking yourself that helps so much to assist you in becoming more self aware, because if you ask that with an open, curious attitude, you're going to get the right answers, and then you can use it to move forward.   Robert Moment ** 33:45 You know, you're right about one of the things coaching. As a coach, you I always say to myself after every session, did I asked the right questions, was I curious enough? And did I go deeper? Because sometimes a client might give me a response, and I try to make sure I don't gloss over that response. And I want to say, you know, what? Can we go deeper? And then sometimes, you know, I ask for permission. Can we go deeper? Because Francis, our client, a couple weeks ago, he's had some leadership challenges. And I said, How does transparency, how does empathy and how does trust show up in your leadership style? And he said he gave me some examples. And I said, Well, can we go deeper? And he said, Well, I just gave you some examples. And he said, Well, why do you want to go deeper? I said, I'm here to help you, because with the examples he gave me wasn't it didn't have a lot of substance. And you know, after the session. You, he did say this, and you know, I don't need someone to pat me on the back. But he said, You know what? Now, I appreciate you as a coach, because he said, You know what, these three things. So I said, journal this week, how does those three things show up in your leadership style? And I want to see examples on next session, and that's what I want to be curious. But also want to go deeper,   Michael Hingson ** 35:22 do you record your sessions?   Robert Moment ** 35:24 Yes, I do. Yes, yes, and, and. So   Michael Hingson ** 35:27 the reason for asking that question is, then, do you go back and listen to them as a learning experience for you as well? Yes, I do. Okay, yes, which is, which is the which is the point, yeah, because you're your own best teacher, yes, but it sounds like that that person had some definite trust issues and probably needed to show a little bit more empathy and vulnerability than than they were showing.   Robert Moment ** 36:00 Yeah, you know, one of the things I did tell him, I said, you know, vulnerability, it's not a weakness. And and then, you know, one of the things when I said, when I have to dig deep, a lot of times when clients, it's not just about coaching them on how to become the best executive, but a lot of times it's about the story that the story that personalized, because a lot of times, for instance, here's an example about this. Is after COVID, this company called me and they said, Well, this executive we bought on board. He's a high performer on paper, but he is creating a toxic environment here. And I said, Well, you know, I was talking to the Chief Human Resource Officer. I said, I'm not understanding this. You said he interviewed. Well, he was a high performer. He has a great track record, but why is he calls it a toxic environment in your organization. And she said, Well, we gotta one or two things that's gonna happen. One, if he doesn't turn things around, we don't want to put him on any kind of corrective action, but we will have to, because two people have threatened to leave, and they've been here longer than him. So long story short, they said we're going to offer him coaching. If he doesn't accept coaching and doesn't turn things around, then yes, we're going to put him on corrective action and we'll terminate him. And he accepted coaching. And the one thing the second session that we had, and that's why I always said, Yeah, I have to go deep. And I said, they said, you know, when you are in meetings that you are not able to accept constructive criticism and and he says, that's that perception. So I said, well, but these are some examples that they gave me, and he said, and I said, Well, what kind and I don't know, Michael, something said to me, and sometimes, like I said, it's your intuition, yeah, instinct. I said, What kind of relationship did you have with your father? And this is what he blurted out. All of my life, he's been critical, criticized. I could never do anything right in his eyes. And I said, Can we go deeper? And I said, right now today, what kind of relationship do you have with your father? He said, I haven't spoken to my father in over seven years. And I said, would you what? Could you tell me why? So he told me why. And I said, Well, would you believe this statement that I'm about to make. And I said, you've had this all in your life, not just at this company. And he said, Yes, he has. And I said, not able to be able to take constructive criticism. And I said, here's things. I said, I can help you on two levels. I can help you on a professional level and I can help you on a personal level. So you said, Well, I told him how I could help him on this professional level. But I said the personal level, that's optional, because the company is paying for the professional the personal, I want to help you on a personal level. And I said, one of the things are you willing to take this major step that I'm about to ask you to take, and that's to forgive your father? Mm, hmm. And he said, first he he resisted. And I said, you're going to have this problem you're in. Entire life. And long story short, he forgave his father. I walked him through the process. I spoke to his father. Actually, we all and his father had never seen his granddaughter. And his granddaughter, I think, was four or five, and he saw for the first time that year, that Thanksgiving, and   Michael Hingson ** 40:22 I assume that the client ended up hopefully doing okay, and stayed with the company.   Robert Moment ** 40:30 He stayed with the company. He turned things around. Now this is what I'd say to not just the listeners, even myself. That's why, that's one of the reasons why coaching is my calling. It's not just the results the business results. I want them. I want every client to be the best version of themselves, not just in a professional but also that personalized. And you know that to me? You know that probably made my coaching year, not how many clients I coach, but just that made my coaching year for for a grandfather to see his grand. Now his his wife have seen her granddaughter, but his father had never seen only, only pictures.   Michael Hingson ** 41:25 Well, I'm glad that the the father and son made peace, and that that is so important. I think there is a whole lot of of connection between the professional parts and the personal parts. One of the reactions I had when you started the story was that, in reality, the professional part isn't going to really improve unless the personal part does.   Robert Moment ** 41:48 Yes, you're absolutely right. And I like i i tell my client, you're going to have this your entire life until you resolve it and forgive your father and you know, when I talked to the Father, Michael, his father was like that, so the cycle was never broken. Yeah,   Michael Hingson ** 42:11 it so often happens in so many different ways, doesn't   Robert Moment ** 42:14 it? Yeah? And, you know, and you're talking about a father, you know, life is short, and you're talking those many years without speaking to your father, not seeing him. And you know, you know the worst thing, it didn't happen. But if he would have lost his father, yeah, I was just   Michael Hingson ** 42:33 thinking that, yeah, if he would have lost his father, man, what a blessing. That didn't happen. Yeah, yes,   Robert Moment ** 42:38 absolutely. And then, not only that, your granddaughter would have never saw her grandfather, grandfather, right? Yeah.   Michael Hingson ** 42:47 Well, now let's, let's talk about you again a little bit. So you talked earlier. You told the story of what happened in corporate America, and you said that was kind of one of the things that started you to transition what, what finally was the the last straw, if you will, that led you to decide to leave corporate America, and how did you decide to go in and transition to just being a coach and, well, not just being but being a coach and starting your own business,   Robert Moment ** 43:15 we went, I can't think of, Wow, gosh, it was the year. It was a year where we was having, there was a lot of recession, was a recession and a lot of layoffs, and I had gotten tired of the politics, and I said, you know, I want something new, different, but I don't know what, but I want to become an entrepreneur. Because I was selling Christmas cards when I was like, in the fifth grade, you could get engraved personalized. I had a lawn a landscaping business sold T shirts. So I've always been an entrepreneur at heart, but I just didn't know what I needed to do to make that transition. So what happened was a lot of people colleagues were getting laid off, and they said, Well, can you help me find a job? I'm like, Well, I don't know if I can help you find a job. I don't have any connections like that, because the companies that I know they are laying off to Yeah. And they said, Well, you know, maybe you can help me interview. I'm like, okay, I can help you interview. Because I interview very well. I think because I got the copies I've worked for, I went through three or four interviews. So I started helping people get hired for jobs I wasn't charging. It was just, you know, pro bono. And I said, well, they said, you to get hired expert. And I said, not to get hired. They said, Yeah, because you I started getting referrals, and I wasn't. And I said, well, they said, Yeah. Know such and such. Said, you can help so and they said, you know, you're coaching us. I'm like coaching. Okay, I don't see myself as a coach. But then I realized I was coaching, I would mentor when I was in corporate America. So this is how, this is how I started to get paid, though, as a coach, a colleague referred this executive to me, and he said he had been with this company like for 15 years, and he said he doesn't know he really needs to help on job search interview, and he said he's going to give you a call. And I said, he said, Because I told him, You can help me, because you helped me get a job. So, long story short, he calls me up, and this is what he said. He said, I need your help, and I want to hire you as a coach. How much do you charge for years of coaching? I want you to help me find a job. Help me to interview. I need your help. And when he said, charge, I didn't know what this I said, Well, charge. I almost said, I've been doing this for free.   Robert Moment ** 46:27 Yes, Michael, and you're absolutely right, my friend. So I said, I threw out Michael. I threw out a number man for one year. I just, I don't know where that number came from. So I threw out the number, and this is what he said. He said, Well, how do how do I pay you? Do I pay you my check credit card? I didn't have no business account set up or anything, my personal checking accounts or money market. And I said, check. And he says, Well, how do you want me to mail you to check? And he's then he said this. He said, I am going to the bank because I'm getting my severance I gotta work things out. I'm getting my severance package, and I wire you the money. I said, Sure, you can borrow the money. So I gave him my account, long story short, and then when the money, I couldn't believe it. I said, you know, what did I charge? Did I overcharge it?   Michael Hingson ** 47:26 Yeah, you always ask that, or under charge, right, under   Robert Moment ** 47:29 charge. I said, because that was that. That was that transaction was too quick, too fast. And then I realized, after I did some research, I didn't overcharge and but then, you know what happened? When we came close to the first session, I said, Oh, my God, can I do this? Because this man has given me X number of dollars, and this is my first paying client, and that's when the inner voice came like, you know, this man may be asking you for a refund, so don't spend this money, you know, just put it aside in this account. And even I open a bit, and then I did open a business account, don't even touch this money. And you know what? Two months go back, and then, you know, I got past that point because I was telling my father. I said, Dad, I feel like the sessions are going great. And he got me, actually got hired, probably within four months, he had two offers. And then he said, I want you to coach me throughout for the year, of course. And I did not touch that money, Michael until I felt comfortable, maybe about six months. I moved it into, I think, I bought some stocks, and I said, you know, okay, but I, you know, I had some limiting beliefs that I had to get past. Yeah, I did.   Michael Hingson ** 49:06 Well, it was a new adventure. It was new all the way around for you. You had to discover that the Earth really is round and not flat, so it's fair.   Robert Moment ** 49:18 Yeah, you know, when you, you I tell even new coaches, when we all going to have, you know, limiting beliefs, and you have to, you have to fight through it. Yeah, you have to fight through it, because that, you know, like I said, my biggest fear was, don't spend the money, because he might ask for a refund. And, you know, I've had clients. No one has ever asked me for a refund. But that first client, I was kind of like, like I said not. I was confident in coaching him. But then I was that in a critic saying the. Spend that money because, you know what? Not that I needed to spend it. But then after that, I started to get more clients because referrals. And I said, You know what? Now is the time to make the leap. There you go. And I made the leap, yeah, and,   Michael Hingson ** 50:19 and and you've been doing it now. What about 20 years? Yeah, about 20 years. You know, I, I find it interesting. As a speaker, I was approached by someone who has an event coming up in June, and I quoted a number that I thought was high. But I also say I work with people in their budgets, which I'm I'm willing to do because the World Trade Center happened for me. And excuse me, in reality, while I do earn my living largely with it and speaking, I also want to be out there, inspiring and helping and educating so we negotiate. But I had this one customer, literally just this week, and they I quoted a number, and I figured it was high, and they came back and they said, Well, we really looked and that's a lot higher than we expected. We've actually had some comedians that we've been looking at possibly hiring, and they're quoting, like, maybe 20% of what you're quoting. And I said, I will work with you, but let me point out that I have the visibility, and you're hiring me for the inspiration that I bring in the expertise that I bring, as opposed to local comedians, and we'll see what happens, you know, and what's interesting is it's, it's a company that deals with the law. Lawyers don't negotiate a whole lot. Most of the time. They charge an hourly rate. You know, it's just interesting how people work at things.   Robert Moment ** 51:58 You know, one thing always feel as though my father said this. He said, communicate the value. If you communicate the value and they can see it, price does not become an issue. Yeah. And he said, you know, communicate the value up front as much as you can, and then price doesn't become an issue is when you don't, they don't see the value, then all of a sudden, you know, I gotta think about it. Let me talk to you know is this, but when they can see the value, and then, you know what? My coach told me this. One of my first coaches told me this. He said, you know, a lot of coaches want to charge just, just to get a client, they want to charge low fees. And he said, those will be your worst clients.   Michael Hingson ** 52:48 Yeah, absolutely, always will be your worst.   Robert Moment ** 52:52 He said they will probably. He said they will be, I've wanted you don't do it. They're   Michael Hingson ** 52:58 going to suck up your energy. They're going to do so much, many things, and they don't pay you for it, which is one of the reasons I'm resisting. We'll see what happens with this one. It isn't settled yet, and it'll work out. Yes, I have had other customers that I know didn't have big budgets. They're nonprofits and things like that. But again, we come to an agreement, both in terms of time and what's expected, as well as the money, and that's okay, but, but yeah, it is, you know, because not everybody is going to be able to pay what some bigger corporations will pay. That's okay, yeah, yeah. But the other thing that I actually always ask in my speaker contract is, if you like the speech, I want a letter of recommendation, and I want you to refer me to at least two other people. And   Robert Moment ** 53:59 that works, yeah. I love that. I love that strategy. It works pretty   Michael Hingson ** 54:03 well. Well, tell me, what are some practical techniques do you use to boost your self esteem and self belief, especially in difficult times? How do you psych yourself up in a good way? Well,   Robert Moment ** 54:19 one of the things self talk. It's, you know, to me, self talk is, you know, you can do this. I believe in you, you know, I look at and also, not only that, I look at my whether it's a big win or small wins. I look back over my life too. And I said, you know, 10 years, five years, even two days, you was able to do this and and then I surround myself with very supportive people. Mm, hmm, that's, that's key, because I believe, you know, they believe, not only do they believe in me, but self. Belief in self is contagious.   Michael Hingson ** 55:01 Yes, it absolutely is. Yeah, it's contagious   Robert Moment ** 55:03 and and how I challenge, like I said that inner critic is, I love how you reframe things. Is self talk, positive self talk, and focus on your accomplishment and celebrate small wins. It don't have to be big wins. It'll be small wins. But celebrate and then remember this too. I tell whether it's clients, colleagues, self belief, it's a journey. It's not a destination. It's like you. Every year you're building, like building muscles, your self belief muscles, whether it's five years, six years, but every year, you're building through life, lessons, failures, setbacks, but you're still building that muscle. Yep,   Michael Hingson ** 55:50 and when you understand that, that also will help give you the insight to continue to do it.   Robert Moment ** 55:56 Yes, because you know when you learn from setbacks, even obstacles or opportunities for growth. And you know, when you have a growth mindset, you realize through self awareness, you give a chance to learn and continue to grow. And then you know one of the things to you know, your dreams deserve a chance. It doesn't matter how big or small, but all of our dreams deserve a chance, and we all have unique talents, and just, you know, focus on your strengths and let them shine. Yeah,   Michael Hingson ** 56:39 what would you tell listeners who believe their self belief is at all time low. Where do they start?   Robert Moment ** 56:46 Well, first of all, you want to take inventory of the skills that you currently have and be grateful for what you have, because we all have unique talents, skills, abilities and gifts. And a lot of times I think what happens people underestimate what they already have, and start to take inventory of, like I said, the skills, the talents that you have, and embrace your own uniqueness and also your own imperfections. Yeah,   Michael Hingson ** 57:19 because if you don't recognize them, then you're never going to be able to deal with them. If you do recognize them, then you can deal with them   Robert Moment ** 57:26 absolutely and like I said, once again, give yourself credit for your small victories. You don't have to be big victories, but give yourself credit, because, see, when you give yourself credit for your small victories. Michael, that continues to build momentum.   Michael Hingson ** 57:43 Yep. Can you give me an example of someone who you believe has unwavering self belief and what we can learn from them? Yes,   Robert Moment ** 57:52 I do. I want to share this story. My name is Barbara Corcoran. She's the real estate for the Shark Tank. Yes, you know her boyfriend and business partner. She was in real estate. He left her for her secretary, right? And but you know what that split, what it did for her, I know it was devastating, but it was a catalyst for her success, because what it did, it fueled her determination to form her own company, which was a corporate group. And I think, if I'm not mistaken, she sold it for about $66 million so that, to me, resilience in her situation was key. She embraced a new beginning, and she looked at failure as a stepping stone, which   Michael Hingson ** 58:46 makes a lot of sense. I believe that we should get rid of the word failure from our vocabulary anyway. Failures are not failures. They are simply things that didn't work out as they should. And what are you going to do about it, right? It's we gotta get the negativity out of so much of it. Yeah, you   Robert Moment ** 59:05 know we do. We do because, you know also what I and her. She believed in herself fiercely, man, because she feel as though, you know, she had something to prove. I get that. And guess what she did.   Michael Hingson ** 59:22 You have a new book coming out entitled believe in yourself. You got this. Tell me about that.   Robert Moment ** 59:27 This is about I want the reader to really take inventory in themselves. This book is a coaching book. It's going to be real. It's real simple, but it's going to have questions where they take inventory and really focus on believing in themselves, and not only just believing But accepting themselves. You know you can believe in yourself, but I want them to really accept who they are and and know that worth, know that value. You and know that they have something to bring and add to this world.   Michael Hingson ** 1:00:04 Well, if you could leave our listeners with one final thought about self beliefs, what would that be?   Robert Moment ** 1:00:10 Own Your Power. Own Your Power, and don't let any one hold you back and take control. Take control of your destiny. And then also remember that self belief is a journey and not a destination.   Michael Hingson ** 1:00:27 I love that. If people would like to reach out to you and maybe talk to you about hiring you as their coach, or just learning more about you and your books and all that, because you've written several books actually, how do they do that?   Robert Moment ** 1:00:39 They can reach me at Robert at leadership coaching and development.com or they can connect with me on LinkedIn.   Michael Hingson ** 1:00:48 And what's the LinkedIn? Do you know your LinkedIn? Uh, yes, it'll be Robert moment leadership coach, okay, and what was the website? Again, website   Robert Moment ** 1:00:57 is leadership coaching and development.com.   Michael Hingson ** 1:01:01 Leadership, coaching and development.com. Great. Well, I hope people will reach out. This has been insightful in a lot of ways, I will say, validating for some of my beliefs, but also very educational. And I said at the beginning, I always love speaking to people who coach, I learn a lot, and I've always believed that that I'm not doing my job unless I'm learning at least as much as anybody else who listens to the podcast. So I really appreciate your time today. So Robert moment, thank you, and I want to thank all of you for listening. I hope that you have found this helpful if you want to really become a better leader. Robert has lots of ways clearly that he probably can help you, and it's worth exploring with him. So I hope you'll reach out. I'd love to hear from you. Please give me an email. You can reach me at speaker at Michael hingson.com Michael hingson is m, I, C, H, A, E, L, H, I N, G, s, O, N, just like it sounds actually speaker at Michael hingson.com love it. If you'd go to our podcast page, if you would, www, dot Michael hingson.com/podcast can listen to all of our episodes there, but wherever you're listening or watching, I would really value it greatly. If you would give us a five star rating and review us. We really appreciate people who do that. So any of that that you can do, I would really appreciate it. And as I've said many times on these podcasts, if you need to find a speaker to come and inspire and motivate. I'd love to talk with you about that. Email me at speaker@michaelhingson.com love to talk with you about that. And Robert, for you and everyone listening and watching. If you know of anyone who you think ought to be a guest on unstoppable mindset, please let us know. We'd love to meet people who want to be guests. So Robert, thank you again. I really appreciate you being here. This has been a lot of fun and definitely continued great success. Michael,   Robert Moment ** 1:03:08 thank you. I'm truly grateful and continued success to you as well.   Michael Hingson ** 1:03:18 You have been listening to the Unstoppable Mindset podcast. Thanks for dropping by. I hope that you'll join us again next week, and in future weeks for upcoming episodes. To subscribe to our podcast and to learn about upcoming episodes, please visit www dot Michael hingson.com slash podcast. Michael Hingson is spelled m i c h a e l h i n g s o n. While you're on the site., please use the form there to recommend people who we ought to interview in upcoming editions of the show. And also, we ask you and urge you to invite your friends to join us in the future. If you know of any one or any organization needing a speaker for an event, please email me at speaker at Michael hingson.com. I appreciate it very much. To learn more about the concept of blinded by fear, please visit www dot Michael hingson.com forward slash blinded by fear and while you're there, feel free to pick up a copy of my free eBook entitled blinded by fear. The unstoppable mindset podcast is provided by access cast an initiative of accessiBe and is sponsored by accessiBe. Please visit www.accessibe.com . AccessiBe is spelled a c c e s s i b e. There you can learn all about how you can make your website inclusive for all persons with disabilities and how you can help make the internet fully inclusive by 2025. Thanks again for Listening. Please come back and visit us again next week.

This week Dr. Evan Loh, Paratek CEO, returns to Off the Shelf to share the latest in the biopharmaceutical company's partnership with the Biomedical Advanced Research and Development Authority's (BARDA's)  Project BioShield.  Paratek's antibiotic, NUZYRA (omadacycline) has been designated “an essential” medicine by the FDA, and Loh provides an update on the progress made in onshoring of manufacturing of NUZYRA, from the production of API through finished drug product for both IV and oral formulations.  Loh shares the journey to domestic manufacturing, highlighting the critical role Paratek's public-private partnership with BARDA played in developing manufacturing capability. Antimicrobial resistance (AMR) along with biological threat actors are continuing and growing threat and Loh discusses the current environment and the key policy considerations in combatting these and other healthcare threats.  Finally, Loh talks about the potential that the results from the successful development of treatments through public-partnerships have the potential to be leveraged to support/protect the warfighter.     Learn more about your ad choices. Visit podcastchoices.com/adchoices

This week Dr. Evan Loh, Paratek CEO, returns to Off theShelf to share the latest in the biopharmaceutical company's partnership withthe Biomedical Advanced Research and Development Authority's (BARDA's) Project BioShield. Paratek's antibiotic, NUZYRA (omadacycline) has beendesignated “an essential” medicine by the FDA, and Loh provides an updateon the progress made in onshoring of manufacturing of NUZYRA, from theproduction of API through finished drug product for both IV and oralformulations. Loh shares the journey to domestic manufacturing, highlighting the critical role Paratek's public-private partnership with BARDA played in developing manufacturing capability.Antimicrobial resistance (AMR) along with biological threat actors are continuing and growing threat and Loh discusses the current environment and the key policy considerations incombatting these and other healthcare threats. Finally, Loh talks about the potential that the results from the successful development of treatments through public-partnerships have the potential to be leveraged to support/protectthe warfighter.     Learn more about your ad choices. Visit podcastchoices.com/adchoicesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Tata Consultancy Services (TCS), a global leader in IT services, consulting, and business solutions that operates a global delivery centre in Ireland, has partnered with Landis+Gyr, a leading energy management solutions company based in Cham, Switzerland, to deliver innovative, flexible energy-efficiency solutions for utilities. These solutions will empower utilities to help their commercial and industrial customers achieve sustainability goals, improve operational efficiency, and reduce carbon emissions. Over the next three years, TCS will integrate its award-winning enterprise-level energy and emission management system, TCS Clever Energy, with Landis+Gyr's advanced smart metering and grid management technologies, creating a comprehensive energy management solution for utilities. The partnership will enable utilities to meet the complex energy demands of their commercial and industrial clients while offering them advanced tools to optimise energy usage and achieve sustainability targets. TCS will also leverage TCS Clever Energy to drive energy transformation for Landis+Gyr. Utilities face increasing pressure to help their customers meet sustainability targets and adapt to changing regulations. The combined capabilities of Landis+Gyr and TCS will enable utilities to offer end-to-end energy efficiency solutions that include real-time energy optimisation, demand response, and smart EV charging. These features help utilities empower their commercial and industrial customers to improve energy efficiency, lower emissions, and drive operational excellence. It simultaneously increases utility's ability to integrate renewable energy sources, optimise use of existing infrastructure, and improve grid flexibility. Amith Kota, Global Chief Technology Officer at Landis+Gyr, said, "The partnership with TCS brings pivotal technological expertise to our expanding flexibility management offering. By integrating TCS Clever Energy capabilities into our portfolio, we now provide a solution that supports utilities in delivering energy efficiency and sustainability solutions to their commercial and industrial customers. This ensures grid resilience while enabling utilities to meet both their and their customers' sustainability goals." With annual sales of approximately $1.7 billion, Landis+Gyr is one of the largest providers of integrated energy management solutions in the world. For over 125 years, it has helped organisations avoid more than 9.5 million tons of carbon dioxide. Landis+Gyr and TCS will now assist utilities in complying with new regulations, which require larger companies to report and conduct due diligence on how their activities impact climate change, including CO2 emissions. Anupam Singhal, President, Manufacturing, TCS, said, "We are delighted to partner with Landis+Gyr to help achieve sustainability goals by optimising operational efficiency and accelerating the journey to carbon neutrality. The synergy between Landis+Gyr's expertise in smart metering, grid resiliency, and flexible demand management and TCS Clever Energy solution with self-learning and self-optimising capability utilising cutting-edge IoT, Edge, and AI will ensure a robust and future-ready green ecosystem." TCS Clever EnergyTM, is a next-gen solution from TCS' suite of 200-plus sustainability offerings designed to help enterprises manage their energy consumption and carbon emissions. Organisations in over 10 countries have managed to cumulatively reduce CO2 emissions of over 250,000 metric tonnes by deploying the solution. The key features of the solution include real-time energy monitoring, built-in energy twin to drive energy optimisation and AI/ML-driven closed loop self-optimisation to automate actions and carbon management and Scope 1 and 2 emission reporting. The solution is approved by the New York State Energy Research and Development Authority and approved by the Federal Office for Economic Affairs and Export Control (BAFA) in Germany.

Dec. 10, 2024 - New York is doling out federal dollars to help low- and moderate-income families afford electrical upgrades in their homes and purchases environmentally friendly clothes dryers. We talk about this initiative with Chris Corcoran, assistant director of codes, products and standards for the New York State Energy Research and Development Authority.

MDJ Script/ Top Stories for November 26th  Publish Date:  November 26th       Commercial:   From the BG Ad Group Studio, Welcome to the Marietta Daily Journal Podcast.      Today is Tuesday, November 26th and Happy Birthday to Tina Turner  ***11.26.24 - BIRTHDAY – TINA TURNER***  I'm Dan Radcliffe and here are the stories Cobb is talking about, presented by Credit Union of Georgia.   'It's Electric': Acworth Turkey Chase Draws More Than 1,100 Runners  Marietta Pilgrimage Returns Dec. 6-8  Churros, Ice Cream, Coffee Shop Opens in Kennesaw    All of this and more is coming up on the Marietta Daily Journal Podcast, and if you are looking for community news, we encourage you to listen and subscribe!     BREAK: CU of GA (06.26.24 CU OF GA FREE CHECKING_REV_FINAL)  STORY 1:  'It's Electric': Acworth Turkey Chase Draws More Than 1,100 Runners  The 16th annual Acworth Turkey Chase 5K set a new record with over 1,100 participants, including runners in festive costumes. The event featured a 5K, 2K, and a "Little Pilgrim" Trot for young children, supporting the city's Tackle Hunger program with registration fees and non-perishable food donations. Approximately 5,000 food items were collected. The race route showcased historic downtown Acworth and Lake Acworth. Notable participants included Sam Howren, who finished third, and costumed locals adding fun to the event. Acworth Mayor Tommy Allegood wished participants well, highlighting the community spirit.  STORY 2:     Marietta Pilgrimage Returns Dec. 6-8  The 38th Annual Marietta Pilgrimage, happening on December 6-8, offers tours of five historic homes in Marietta's Whitlock Avenue neighborhood, each uniquely decorated for the holidays. The event, a fundraiser for Visit Marietta and Cobb Landmarks, allows guests to explore diverse architectural styles and learn about the history and preservation of these homes. The self-guided tours are supported by local volunteers, with proceeds aiding the hosting nonprofits. Tickets are available online and in-person, with the event expected to attract 1,800 to 2,300 participants.  STORY 3:  Churros, Ice Cream, Coffee Shop Opens in Kennesaw  Dulce Canela, a new dessert shop in Kennesaw, opened on November 8, offering a variety of traditional Mexican churros and ice cream. Owned by Katty Sanchez and Albert Trevino, the shop also serves as a coffee bar featuring Hispanic flavors like their popular horchata iced latte. The menu includes vegan-friendly churros and diverse ice cream flavors, such as strawberry cheesecake and Gansito. The shop aims to create a welcoming space with board games for guests. With support from the local community and experience from Sanchez's family restaurant, Dulce Canela is now hiring and open six days a week.      We have opportunities for sponsors to get great engagement on these shows. Call 770.799.6810 for more info.      We'll be right back     Break: DRAKE (Drake Realty (Cobb County)     STORY 4:  Small Business Grant Program gets $50K Funding Boost  The Development Authority of Cobb County has approved an additional $50,000 for the Entrepreneurship and Innovation Grant program, bringing its total contribution to $250,000 since 2019. This program, run by Cobb County's Economic Development Department, supports small businesses with grants up to $10,000 for marketing, equipment, operational funds, and renovations. So far, 24 businesses have benefited, with 20 still operating in Cobb. The program aims to foster job creation and business growth. The Board of Commissioners will consider a new grant application from FruiTea Bubbles Cafe on December 10.  STORY 5:  Work Underway on 600-home Marietta Development  Beazer Homes has begun construction on "Greenhouse," a 600-home development in north Marietta, marking the largest residential project in Cobb County in decades. The 175-acre site, annexed by Marietta City Council, will feature 300 single-family homes, 200 townhomes, and 100 senior-targeted homes, with amenities like a clubhouse and pickleball courts. Homes will range from $400,000 to $900,000, with completion expected by 2027. Despite initial opposition due to traffic and environmental concerns, the project emphasizes energy efficiency, aligning with the U.S. Department of Energy's Zero Energy Ready program.    We'll be back in a moment     Break: Ingles Markets 7  STORY 6:  We're Thankful for Cobb's Custodians  Cobb Schools celebrate their dedicated custodians, who play a crucial role in maintaining a clean, safe, and welcoming environment for over 105,000 students. With a team of 643, these custodians are often the first to arrive and last to leave, ensuring schools are ready for daily activities. They handle safety concerns, assist with deliveries, and engage with students, often going beyond their duties to support school programs. Recognized as "hidden gems," many have long careers in the district. This year, Gov. Brian Kemp acknowledged their contributions with a $1,000 bonus, highlighting their essential role in education.  STORY 7:  Jeni's Ice Cream Coming to Marietta Square  Jeni's Splendid Ice Creams is set to open a new location in Marietta Square, joining the Bridger Properties development on Church Street. The Ohio-based ice cream company signed its lease and plans to open by summer, next to Gianni & Mac's Ristorante Piazza Nostra, which could open as early as next month. Bridger Properties co-founders, Merritt Lancaster and Jack Arnold, noted the quick progress and local construction team. The new shop will add to the vibrant atmosphere of Church Street Park, offering a variety of dining options for visitors.  Break: 07.09.24 MDJ THEATRE GIFT OF THE MAGI_FINAL    Signoff-    Thanks again for hanging out with us on today's Marietta Daily Journal Podcast. If you enjoy these shows, we encourage you to check out our other offerings, like the Cherokee Tribune Ledger Podcast, the Marietta Daily Journal, or the Community Podcast for Rockdale Newton and Morgan Counties. Read more about all our stories and get other great content at www.mdjonline.com  Did you know over 50% of Americans listen to podcasts weekly? Giving you important news about our community and telling great stories are what we do. Make sure you join us for our next episode and be sure to share this podcast on social media with your friends and family. Add us to your Alexa Flash Briefing or your Google Home Briefing and be sure to like, follow, and subscribe wherever you get your podcasts.  Produced by the BG Podcast Network     Show Sponsors:  www.ingles-markets.com    www.cuofga.org    www.drakerealty.com  www.mariettatheatresquare.com    #NewsPodcast #CurrentEvents #TopHeadlines #BreakingNews #PodcastDiscussion #PodcastNews #InDepthAnalysis #NewsAnalysis #PodcastTrending #WorldNews #LocalNews #GlobalNews #PodcastInsights #NewsBrief #PodcastUpdate #NewsRoundup #WeeklyNews #DailyNews #PodcastInterviews #HotTopics #PodcastOpinions #InvestigativeJournalism #BehindTheHeadlines #PodcastMedia #NewsStories #PodcastReports #JournalismMatters #PodcastPerspectives #NewsCommentary #PodcastListeners #NewsPodcastCommunity #NewsSource #PodcastCuration #WorldAffairs #PodcastUpdates #AudioNews #PodcastJournalism #EmergingStories #NewsFlash #PodcastConversations See omnystudio.com/listener for privacy information.

Nov. 25, 2024 - New nuclear energy projects appear to be part of Gov. Kathy Hochul's agenda, as she is formally looking for input on developing "advanced" nuclear technologies in the Empire State. We discuss this process, including why the governor's plans are limited to upstate, with Doreen Harris, president & CEO of the New York State Energy Research and Development Authority.

CTL Script/ Top Stories of November 2nd Publish Date: November 2nd   PRE-ROLL: DRAKE From the Ingles Studio Welcome to the Award-Winning Cherokee Tribune Ledger Podcast    Today is Saturday, November 2nd and Happy Birthday to David Schwimmer ***11.02.24 – BIRTHDAY – DAVID SCHEIMMER*** I'm Keith Ippolito and here are the stories Cherokee is talking about, presented by Credit Union of Georgia.  1. Shopping Center With Grocery Store Coming to Woodstock 2.Officials Answer Questions From Citizens at Hickory Flat Town Hall 3. Plans Move Forward for Canton Corporate Park   We'll have all this and more coming up on the Cherokee Tribune-Ledger Podcast, and if you're looking for Community news, we encourage you to listen and subscribe!    Commercial: 06.26.24 CU OF GA FREE CHECKING_REV_FINAL   STORY 1:  Shopping Center With Grocery Store Coming to Woodstock A new shopping center is set to open on Towne Lake Parkway in downtown Woodstock, featuring a 46,791 square-foot grocery store and five additional commercial buildings. The Woodstock City Council approved the development, which aims to attract local small businesses rather than national brands. The center will include 484 parking spaces and have three access points. The property was rezoned from Downtown Residential/Office to Downtown, Central Business District. Infrastructure improvements, including extending Lyndee Lane, are planned. Adjacent to this development, renovations to the Towne Lake Plaza shopping center and a new restaurant are also underway. STORY 2:  Officials Answer Questions From Citizens at Hickory Flat Town Hall At a town hall in Hickory Flat, Cherokee County officials discussed infrastructure and traffic issues, highlighting a $7.5 million grant for Highway 140 improvements. The meeting also covered traffic challenges in downtown Woodstock, with potential solutions like a bypass facing resistance. Plans for a new Hickory Flat Park were mentioned, though funding is currently lacking. Updates on Technology Ridge Parkway and Cherokee County Airport improvements were shared, emphasizing their economic importance. State Rep. Brad Thomas discussed tort reform, while Sen. John Albers addressed public safety, education, and tax rebates. Concerns about educational materials and power grid safety were also briefly discussed. STORY 3:  Plans Move Forward for Canton Corporate Park Plans for the Canton Corporate Park on Highway 20 in Canton are advancing, with the project currently in the concept and design phase. Located at 9011 Knox Bridge Highway, the 50-acre park will be about two miles from Interstate 575. The Development Authority of Cherokee County is finalizing entrance permits and has acquired land for the park's entrance. Construction timelines are pending contractor selection. The park aims to host build-to-suit projects in sectors like advanced manufacturing and IT, creating jobs for local residents. The initiative seeks to diversify the tax base and provide quality jobs close to home.   We have opportunities for sponsors to get great engagement on these shows. Call 770.874.3200 for more info.    Back in a moment  Break: 09.26.24 THE MILL ON ETOWAH REV 2 30_FINAL   STORY 4:  Woodstock Hosting Annual Veterans Day Ceremony Nov. 11              Woodstock's annual Veterans Day ceremony will be held at 6 p.m. on November 11 at The Park at City Center, 101 Arnold Mill Road. The event is organized by the city of Woodstock, American Legion Post 316, Marine Corps League Detachment 1311, and Warriors' Watch Riders. Following the ceremony, attendees can enjoy a coffee and doughnut social hosted by Rally Point Grille. STORY 5:  Cherokee Recreation and Parks Seeking Donations For Blanket Program The Cherokee Recreation and Parks Agency is collecting items for its annual Hugs in A Blanket program, which supports local seniors in nursing homes. Participants are encouraged to donate a new warm blanket, slipper socks, and a caring note. Donations are accepted from November 1 to December 13 at various locations in Woodstock and Canton. Drop-off times vary, and are affected by holiday closures on November 11 and November 28-29. Last year, the program collected around 1,000 items. For more details, contact Cherokee Recreation and Parks or visit PlayCherokee.org. Commercial: Ingles Markets (Cereal Options) 1 STORY 6: Athletes Take Part in CCSD Special Olympics Event Hundreds gathered at River Ridge High School's stadium on October 25 to celebrate the 2024 Awareness Day for Special Olympics. The event featured a Parade of Athletes, Torch Relay, and Olympic Oath. School PTAs hosted an Olympic Village with activities, and Reinhardt University's athletic teams volunteered for field events. Coordinators included Marlon Ayers, Jenna Covington, and others. The event was organized by CCSD's Curriculum and Instruction Division and Department of Special Education. For more details, visit the provided link. STORY 7:  Northside Hospital Cherokee Recognized for Specialty Care Northside Hospital Cherokee was recently recognized with the Outpatient Joint Replacement Excellence Award and Pulmonary Care Excellence Award as part of Healthgrades' 2025 Specialty Excellence Awards, highlighting superior patient outcomes in various specialties. Additionally, it was named one of the cleanest hospitals by Becker's, receiving a five-star cleanliness rating from the Centers for Medicare and Medicaid Services.   We'll have closing comments after this.    COMMERCIAL: 04.24.24 HELLER LAW 2_FINAL   SIGN OFF –   Thanks again for hanging out with us on today's Cherokee Tribune Ledger Podcast. If you enjoy these shows, we encourage you to check out our other offerings, like the Cherokee Tribune Ledger Podcast, the Marietta Daily Journal, or the Community Podcast for Rockdale Newton and Morgan Counties. Read more about all our stories and get other great content at www.tribuneledgernews.com Did you know over 50% of Americans listen to podcasts weekly? Giving you important news about our community and telling great stories are what we do. Make sure you join us for our next episode and be sure to share this podcast on social media with your friends and family. Add us to your Alexa Flash Briefing or your Google Home Briefing and be sure to like, follow, and subscribe wherever you get your podcasts. Produced by the BG Podcast Network   Show Sponsors: ·         www.ingles-markets.com  ·         www.drakerealty.com ·         cuofga.org ·         www.jeffhellerlaw.com ·         www.etowahmill.com   #NewsPodcast #CurrentEvents #TopHeadlines #BreakingNews #PodcastDiscussion #PodcastNews #InDepthAnalysis #NewsAnalysis #PodcastTrending #WorldNews #LocalNews #GlobalNews #PodcastInsights #NewsBrief #PodcastUpdate #NewsRoundup #WeeklyNews #DailyNews #PodcastInterviews #HotTopics #PodcastOpinions #InvestigativeJournalism #BehindTheHeadlines #PodcastMedia #NewsStories #PodcastReports #JournalismMatters #PodcastPerspectives #NewsCommentary #PodcastListeners #NewsPodcastCommunity #NewsSource #PodcastCuration #WorldAffairs #PodcastUpdates #AudioNews #PodcastJournalism #EmergingStories #NewsFlash #PodcastConversations   See omnystudio.com/listener for privacy information.

Oct. 28, 2024 - While some of New York's big green energy and emission reduction goals are out of reach, state policymakers were successful in deploying 6 GW of distributed solar projects before 2025. We explore the significance of this accomplishment and how it happened with Doreen Harris, president & CEO of the New York State Energy Research and Development Authority.

Join Sean White on this episode of the Solar and Energy Storage Podcast as he sits down with Jessica Harris, President of Harris Energy Solutions. They explore Jessica's role in shaping her company's focus on energy consulting versus engineering, and what sets them apart. Discover her approach to establishing a successful consulting firm, and the role of energy modeling in her work. Tune in for a deep dive into the world of energy consulting and the future of sustainable practices.   Topics Covered: Harris Energy Solutions: www.hesconnect.com PE = Professional Engineer Difference between Energy Engineering and Consulting Title 24 laws in California C&I = Commercial and Industrial NABCEP PVDS Energy Modelling in Equest – Jessica Harris' Heatspring class www.heatspring.com/courses/energy-modeling-in-equest VRF = Variable Refrigerant Flow HERS Rater = Home Energy Rating System Rater Energy Audit Solar Incentives Database of State Incentives for Renewables & Efficiency:  www.dsireusa.org NYSERDA = New York State Energy Research and Development Authority: www.nyserda.ny.gov CPS Energy Strategies in building and expanding a successful Company Decarbonization Heat Pumps HeatSpring Different types of companies   Reach Jessica Harris here: Linkedin: www.linkedin.com/in/jessica-harris Harris Energy Solutions: www.hesconnect.com Heatspring: www.heatspring.com/courses/energy-modeling-in-equest   Learn more at www.solarSEAN.com and be sure to get NABCEP certified by taking Sean's classes at www.heatspring.com/sean

From the ………. Studio Welcome to the Gwinnett Daily Post Podcast. Today is Wednesday, September 4th and Happy Birthday to Mark Ronson   I'm Peyton Spurlock and here are your top stories presented by KIA Mall of Georgia. AROUND TOWN: Honoring a 'Friend' Who Has Left An 'Enduring Mark' On Suwanee This Peachtree Corners-based company just surveyed the Titanic wreck — Here's what it found Gwinnett Chamber Honors Moxie Award Winners Plus, my conversation with Leah McGrath from Ingles Markets on Kombucha All of this and more is coming up on the Gwinnett Daily Post podcast, and if you are looking for community news, we encourage you to listen daily and subscribe! Break 1: KIA MOG   STORY 1:  AROUND TOWN: Honoring a 'Friend' Who Has Left An 'Enduring Mark' On Suwanee Today's highlights include: Randy Redner Awarded: Randy Redner received the Friend of Suwanee Award for his significant contributions, including leading a successful $1.2 million fundraising effort for Suwanee's Town Center on Main Park. Redner, a senior consultant with Wellspring Nonprofit Resource, Inc., has been a pivotal figure in various community projects. Food Fight Challenge: Suwanee and Sugar Hill are competing to collect the most food for the North Gwinnett Co-op. The contest begins with Suwanee Fest on September 21 and ends with Sugar Rush on October 22. The city with the highest donations by weight will win. Essential items and monetary donations are encouraged.   STORY 2:   This Peachtree Corners-based company just surveyed the Titanic wreck — Here's what it found A recent dive to survey the RMS Titanic wreck by Peachtree Corners-based RMS Titanic Inc. yielded mixed results. The positive news was the rediscovery of the ship's bronze "Diana of Versailles" statue, last seen in 1986. However, the survey also revealed significant deterioration, notably the loss of a key portion of the ship's bow railing, a prominent feature in media representations and the 1997 film *Titanic*. This railing, seen in place as recently as 2022, is now on the sea floor next to the ship. The survey, involving over 2 million high-resolution images and advanced mapping technologies, underscores the fragility of the Titanic wreck. RMS Titanic Inc. remains committed to preserving the ship's legacy while documenting its current condition. For more details, visit expedition.discovertitanic.com.   STORY 3: Gwinnett Chamber Honors Moxie Award Winners The Gwinnett Chamber hosted its 2024 Moxie Awards on Friday, recognizing the achievements of women professionals with over 620 attendees, the largest audience in the event's history. The awards celebrate women making a significant impact in their workplaces and communities. Seven winners were honored from 130 finalists across categories like leadership, innovation, and community advocacy. The winners included Tami Wilder of Positive Impact International and Laura Ballance of the Hudgens Center for Arts and Learning. The keynote speaker, Emmy Award-winning journalist Monica Pearson, spoke on “Unapologetic Empowerment,” emphasizing the value of authenticity over societal expectations.   We have opportunities for sponsors to get great engagement on these shows. Call 770.874.3200 for more info. We'll be right back Break 2: Tom Wages   STORY 4:   Lawrenceville Accepting Applications for Board Vacancies The city of Lawrenceville is seeking applicants for around 45 volunteer board positions for 2025. Openings are available across various boards, including the Development Authority, Financial Review Citizen Committee, Heritage Trail Medallion Committee, Hooper-Renwick Legacy Preservation Committee, Lawrenceville Arts Commission, Lawrenceville Housing Authority, Planning Commission, ReCAST Advisory Board, and Storm STORY 5:   'Disease Detective'— Peachtree Ridge grad serving fellowship with the CDC  Lindsay Dahora Hein, a Laboratory Leadership Service Fellow at the CDC, is known as a “disease detective” with a deep passion for studying invisible threats like viruses. Growing up in Suwanee, she developed her interest in science through various school subjects, eventually focusing on microbiology and immunology. After earning degrees from Georgia Tech and Duke, and a post-doctoral stint at North Carolina, she joined the CDC in 2023. Dahora Hein works on HPV vaccine research and recently contributed to lead contamination studies in the U.S. Virgin Islands. She hopes to continue at the CDC, aiming for long-term involvement and leadership in scientific projects.     We'll be back in a moment   Break 3:  INGLES  9   STORY 6: LEAH MCGRATH And now here is the conversation with Leah McGrath from Ingles Markets on Kombucha   STORY 7: LEAH MCGRATH ***LEAH MCGRATH INERVIEW***   We'll have final thoughts after this.   Break 4: GWINNETT COUNTY FAIR Signoff – Thanks again for hanging out with us on today's Gwinnett Daily Post Podcast. If you enjoy these shows, we encourage you to check out our other offerings, like the Cherokee Tribune Ledger Podcast, the Marietta Daily Journal, or the Community Podcast for Rockdale Newton and Morgan Counties. Read more about all our stories and get other great content at www.gwinnettdailypost.com/ Did you know over 50% of Americans listen to podcasts weekly? Giving you important news about our community and telling great stories are what we do. Make sure you join us for our next episode and be sure to share this podcast on social media with your friends and family. Add us to your Alexa Flash Briefing or your Google Home Briefing and be sure to like, follow, and subscribe wherever you get your podcasts. www.wagesfuneralhome.com  www.psponline.com  www.mallofgeorgiachryslerdodgejeep.com  www.esogrepair.com www.henssler.com  www.ingles-markets.com  www.downtownlawrencevillega.com  www.gcpsk12.org  www.cummingfair.net www.disneyonice.com www.downtownlawrencevillega.com #NewsPodcast #CurrentEvents #TopHeadlines #BreakingNews #PodcastDiscussion #PodcastNews #InDepthAnalysis #NewsAnalysis #PodcastTrending #WorldNews #LocalNews #GlobalNews #PodcastInsights #NewsBrief #PodcastUpdate #NewsRoundup #WeeklyNews #DailyNews #PodcastInterviews #HotTopics #PodcastOpinions #InvestigativeJournalism #BehindTheHeadlines #PodcastMedia #NewsStories #PodcastReports #JournalismMatters #PodcastPerspectives #NewsCommentary #PodcastListeners #NewsPodcastCommunity #NewsSource #PodcastCuration #WorldAffairs #PodcastUpdates #AudioNews #PodcastJournalism #EmergingStories #NewsFlash #PodcastConversations  See omnystudio.com/listener for privacy information.

Full Hour | In today's second hour, Dom welcomes Scott Presler of EarlyVoteAction back onto the Dom Giordano Program to hear some updated numbers as Presler traverses the state of Pennsylvania registering Republican voters. Presler tells that after flipping Bucks County, his attention turned to Centre County and Luzerne County, to which he's proud to note that he's also close to flipping. Also, Scott tells that he's continued to build his EarlyVoteAction organization, noting that he's now hiring heads of recruitment for all counties in Pennsylvania. Then, Dom welcomes in Ben Rose of the Greater Wildwoods Tourism Investment and Development Authority to hear what to expect during the offseason in Wildwood. Rose, who's become a great friend of the show, tells us about an awesome drag race event coming up in October, and notes that the events continue all the way through the winter. (Photo by Getty Images)

 Dom welcomes in Ben Rose of the Greater Wildwoods Tourism Investment and Development Authority to hear what to expect during the off-season in Wildwood. Rose, who's become a great friend of the show, tells us about an awesome drag race event coming up in October, and notes that the events continue all the way through the winter. (Photo by Getty Images)

Title: TR Ludwig: Brooklyn Solar Canopies   Description: In an urban environment, it can be difficult to find roof space for installing solar. One method is to jack up your solar system, so that it is above all the “junk” on the roof, such as air conditioners and heat pumps.   TR Ludwig had a solar installation company, Brooklyn Solar Works, which developed a solution. He has also adopted this solar canopy technology to work on the ground, which is a great place where you can park your car and mount your EV charger.   TR is also on the board of NYSEIA and is currently treasurer.   In this podcast we also talked about:   Electric Boats Brooklyn Solar Works Brooklyn Solar Canopy Company Canopy Design/Structure Height requirement for pathways under solar canopies Canopy Installation (Attachments) Rooftop Canopy and Carport Canopy Tilt Rack UL (Underwriters Laboratories) NYSEIA: New York Solar Energy Industry Association www.nyseia.org  NYSERDA: New York State Energy Research and Development Authority www.nyserda.ny.gov  NYC and the 2008 NEC Net Metering 3 NABCEP Amicus Solar Cooperative www.amicussolar.com What happens to the solar industry if Trump gets elected? New York City Solar Canopies   Reach TR Ludwig here: Linkedin: www.linkedin.com/in/trludwig Brooklyn Solar Canopy Co.: www.brooklynsolarcanopy.com Brooklyn Solar Works: www.brooklynsolarworks.com EMO Electric: www.emoelectric.co     Learn more at www.solarSEAN.com and be sure to get NABCEP certified by taking Sean's classes at www.heatspring.com/sean

This week on The DeCesare Group Podcast, join Jim DeCesare for his conversation with Johnny Hobdy, Director of Economic Development at the Allen County-Scottsville Industrial Development Authority. Hobdy discusses the strategies he's implemented to foster economic growth in Scottsville-Allen County.If you enjoy The DeCesare Group Podcast, leave us a review, and to learn more about The DeCesare Group visit our website, https://www.thedecesaregroup.com/ and check us out on YouTube, https://www.youtube.com/@TheDeCesareGroup

In late spring 2024, The Michigan State Housing Development Authority was granted the ability to use state funds to help increase housing in the state. Gongwer News Services Alethia Kasben and Zach Gorchow chat with the government agency's executive director, Amy Hovey, to discuss how this move can help build more housing.

In late spring 2024, The Michigan State Housing Development Authority was granted the ability to use state funds to help increase housing in the state. Gongwer News Services Alethia Kasben and Zach Gorchow chat with the government agency's executive director, Amy Hovey, to discuss how this move can help build more housing.

Thursday, August 1st on Urban Forum Northwest:Seattle Port Commissioner Toshiko HasegawaShaude Moore, CEO, Central District Community Preservation and Development Authority aka the McKinney Center for Community and Economic DevelopmentSeattle Fire Chief Harold ScogginsState Representative Sharon Tomiko Santos (D)-37th LD, Chairwoman, House Education Committee Lance Lyttle, Managing Director, Aviation Division at Seattle Tacoma International Airport Urban Forum Northwest streams live at www.1150kknw.com. Visit us at www.urbanforumnw.com for archived programs and relevant information. Like us on Facebook, X@Eddie_Rye. Learn more about your ad choices. Visit podcastchoices.com/adchoicesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Thursday, August 1st on Urban Forum Northwest: Seattle Port Commissioner Toshiko Hasegawa Shaude Moore, CEO, Central District Community Preservation and Development Authority aka the McKinney Center for Community and Economic Development Seattle Fire Chief Harold Scoggins State Representative Sharon Tomiko Santos (D)-37th LD, Chairwoman, House Education Committee  Lance Lyttle, Managing Director, Aviation Division at Seattle Tacoma International Airport  Urban Forum Northwest streams live at www.1150kknw.com. Visit us at www.urbanforumnw.com for archived programs and relevant information. Like us on Facebook, X@Eddie_Rye.

Today, on the Hudson Mohawk Magazine, First, we hear from Mark Dunlea, who speaks with Tina Kim, the State Comptroller for State Government Accountability, about the NYS Comptroller's audit of the Public Service Commission and the New York State Energy Research and Development Authority. Then, Willie Terry brings us coverage from the July 23rd "Speak Out and Safe Staffing Care for Patient" at the New York State Nurses Association Headquarters in Albany. Later on, we hear from Blaise Bryant who quizzes Joe, a multi-adapted sports athlete, to see how well he knows the history of various sports. After that, we listen to part 2 of H. Bosh Jr.'s interview with Dunkin Hines on the Hines Basketball Classic. Finally, we take a look back on Skidmore student Amanda Ruffino's interview with her grandparents for her American Tastes course.

“I'm amazed to see all the love.”That's what Ohad Roth of the Jerusalem Development Authority (JDA) said when he visited the U.S. this year. That's what he said about the love he and his fellow Israelis felt from their Christian friends in America. Friends like The Fellowship's faithful supporters.Roth, the JDA's Director of Tourism, and Anat Landa, the Director of International Conferences for the organization, were gracious enough to take a few minutes from their very busy schedule to sit down with The Fellowship at the National Religious Broadcasters (NRB) convention in Nashville, TN.In the U.S. to represent the city of Jerusalem, Roth and Landa discuss how the biblical history of the Holy City make it so special, how it is also a vibrant city with much to offer visitors today, and how Israel's friends around the world can support her and her people by visiting.Learn about the Jerusalem Development Authority.And to learn more about the historical and biblical significance of God's Holy City, download our free Bible study on Jerusalem: God's Holy City.For more information on today's episode visit mybiblicalroots.org.

This series of interviews filmed at the 2024 National Religious Broadcaster's Convention provides a unique and relevant perspective of the nation of Israel through the eyes and experiences of its people, from government leaders to advocacy activists to post-October 7 volunteers—and more.

“Housing is foundational”, Amy Hovey of MSHDA talks affordable housing, community development, and homelessness solutionsListen to Amy Hovey, CEO and Executive Director of The Michigan State Housing Development Authority (MSHDA) as she discusses her career background and the unique organization she leads. Established in 1966, MSHDA provides financial and technical assistance through public and private partnerships to create and preserve safe and decent affordable housing, engage in community economic development activities, develop vibrant cities, towns and villages, and address homeless issues.

Send us a Text Message.Just a few short years ago, the COVID-19 pandemic wreaked havoc across the globe, leaving economies in tatters, claiming millions of lives, and fundamentally altering the world as we knew it. Yet, scarcely after the dust settled from that crisis, virologists are now raising urgent concerns.The specter of the bird flu looms large as it breaches the species barrier, with an alarming number of cows falling victim, and a recent human transmission case being confirmed.With a nearly 50% mortality rate according to @Yale Medicine, the bird flu is making global headlines.In the face of these developments, the question begs: how concerned should we be?Tune in to the latest episode of @CareTalk, featuring discussions with @David E. Williams and @John Driscoll, alongside guest @Rick Bright, Former Head of the @Biomedical Advanced Research and Development Authority, as they delve into the escalating fears surrounding a potential new pandemic and the tangible threats posed by the bird flu.TOPICS(2:14) The last pandemic and sounding the alarm on Covid (5:41) What is the bird flu?(10:12) Why should Americans care about the bird flu?(13:16) Who's most at risk for contracting the bird flu?(15:48) How viruses and the bird flu evolve(17:55) Can we prevent the next pandemic?(20:44) The dangers of a slow response to bird flu(23:13) Screening and testing for the bird flu(25:06) How worried should we be about the bird flu?

Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald, interviewed Dr. Artesius Miller.   Dr. Artesius Miller is recognized as a visionary leader in K-12 public education in Georgia who has dedicated his career to providing high quality educational options for families in low-income communities.He founded Georgia's first state-approved, arts-focused charter school, Utopian Academy for the Arts, a decade ago to serve families in Clayton County when arts programs were being removed from the curriculum. The school was since named "Charter School of the Year" in 2023. Under Dr. Miller's leadership, the Utopian Academy Charter School Network now includes an elementary school, a middle school, and a high school in Clayton County, and a new satellite middle school in Fayetteville, Ga. that opened in August 2023 with statewide attendance zones. In addition to his role as CEO and Founder of the Utopian Academy Charter Network, Dr. Miller also serves as a leader in higher education. In 2024, he became the first African American to chair the state board of the Technical College System of Georgia. He most recently served as vice chair of the board after being appointed in 2019 by Gov. Brian Kemp. Dr. Miller also serves as an adjunct professor of education at Morehouse College, his alma mater. He earned his bachelor's degree in Economics from Morehouse, and has a master's degree in Education Leadership from Columbia University, and a doctoral degree in Educational Administration and Policy from the University of Georgia. He is a member of several organizations and has won numerous accolades, including the “Champion for Children” Award presented by the Georgia Charter Schools Association and the "Avante Garde Economic Development Award" from the Development Authority of Clayton County.Support the show: https://www.steveharveyfm.com/See omnystudio.com/listener for privacy information.

The H5N1 virus, also known as bird flu, is spreading among dairy cows. It's been found in over 85 herds across 12 states and at least three farm workers have been sickened. While public health officials say the risk to humans remains low, concerns are growing. William Brangham discussed the threat with Rick Bright, former head of the Biomedical Advanced Research and Development Authority. PBS NewsHour is supported by - https://www.pbs.org/newshour/about/funders

Recent court rulings in New York state may threaten the legitimacy of the state's ethics watchdog and an equal rights ballot referendum. Bill Mahoney, of POLITICO, joins us to discuss the impact of these court cases. Doreen Harris, President and CEO of the New York State Energy Research and Development Authority, joins us to discuss the challenge of expanding renewable energy across the state and the possibility of using nuclear power.   EXPLORE MORE: nynow.org

Today, Dom broadcasted the Dom Giordano Program LIVE from the Frank S. Farley Service Plaza as Chickie and Pete's offered up their Free Toll Friday, paying the toll for shoregoers heading down for Memorial Day weekend. This third hour, Dom is joined by Pete from Chickie and Pete's, who's paying the tolls for everybody heading down the shore today, Lou Belasco, head of the Greater Wildwoods Tourism Improvement and Development Authority, joins to tell us some great things to look forward to down the shore this summer, and the Executive Director of the South Jersey Transportation Authority, Stephen Dougherty, tells of the great things coming to the Atlantic City airport.

On This Week's Edition Catch this week's show on your local PBS member station, or watch on YouTube, Facebook, or using the free PBS app anytime after Friday. A podcast version is available wherever you normally get podcasts. On This Latest Edition of New York NOW: The state budget included savings to the Medicaid program as well as cuts to the Consumer Directed Personal Assistance Program (CDPAP) program. Patrick Orecki, of the Citizens Budget Commission, joins us to unpack the reality of funding Medicaid as well as healthcare priorities this year. Adam Ruder, of the New York State Energy Research and Development Authority, talks the implementation of electric school buses to reduce greenhouse gas emissions. Amid the ongoing war in Gaza, there have been protests at college campuses across the country - includingat Columbia University, Fordham University and CUNY.  

The biggest stages in the world are waiting to welcome you. Are you ready to take the stage? Let me teach you how…. Join The Elite Mastermind with me! There are only 20 seats available. Link here: https://heathermonahan.com/the-elite-mastermind/ In This Episode You Will Learn About:  How preserving the past builds you up for the future The tools you need to drive really ambitions projects How to harness optimism & pride to lead into innovation & prosperity     Why technology should be used to enrich our experience of history Resources: Website: https://diriyahcompany.sa/en  LinkedIn, Facebook & Instagram: @jerryinzerillo Visit heathermonahan.com Overcome Your Villains is Available NOW! Order here: https://overcomeyourvillains.com  Show Notes:  What does it mean to preserve the past while looking towards the future? Today let's jump into one of my favorite interviews from the Leap 2024 tech conference with the visionary leader in hospitality and tourism, Jerry Inzerillo! As the CEO of Diriyah, Jerry is the master of intertwining the preservation of rich cultural heritage with cutting-edge technology in Saudi Arabia. He'll reveal what it is like to work closely with Saudi's royal family, his optimistic outlook on the country, and what it really means to invest in progress. Are you ready to be inspired by a tale of tradition meeting modernity? Let's dive in! If You Liked This Episode You Might Also Like These Episodes: #386: The 13 Things Mentally Strong Couples DON'T Do with Amy Morin Psychotherapist & Best Selling Author #396: Why Wealth Is Within Your Grasp: Create A Million Dollar Weekend Business with Noah Kagan Chief Sumo & CEO at AppSumo.com, Entrepreneur, & Author #399: Find Your Supporters: Why It's Time to Prioritize Your People with Heather! Learn more about your ad choices. Visit megaphone.fm/adchoices

On Episode 276 of The Core Report, financial journalist Govindraj Ethiraj, talks to Nilesh Sathe, former director of the Insurance Regulatory & Development Authority of India.SHOW NOTES(00:00) Stories Of The Day(01:00) Markets Stage Relief Rally, Search For Fresh Directions, Tech Stocks Lose Ground On Wall Street(02:47) Oil Prices Are Falling Fast, Now At $86 A Barrel(05:08) Reliance Industries Now A $120 Billion Company(06:25) Diamond Exports Fall Sharply(07:19) Insurance Regulator Wants New Health Insurance Products Including For Older People, Will Companies Deliver?Subscribe to How India's Economy Works with Puja MehraFor more of our coverage check out thecore.in--Support the Core Report--Join and Interact anonymously on our whatsapp channelSubscribe to our NewsletterFollow us on:Twitter | Instagram | Facebook | Linkedin | Youtube

Today - A closer look at why Riverview LLP, a conglomerate based in Minnesota that has substantial dairy operations in the Willcox basin, has been in the spotlight lately.Support the show: https://www.myheraldreview.com/site/forms/subscription_services/See omnystudio.com/listener for privacy information.

Today - we dive into a contentious issue stirring the community in Douglas, where the local Industrial Development Authority has approved a substantial $15 million loan to Riverview LLP, a dairy and beef conglomerate. Support the show: https://www.myheraldreview.com/site/forms/subscription_services/See omnystudio.com/listener for privacy information.

In today's episode for 29th February 2024, we tell you how a recent ad by an insurance company might just get the Insurance Regulatory and Development Authority of India (IRDAI) to sit up and take notice.

85% is the amount New York State has to reduce greenhouse gas emissions by 2050. One of the major pathways to this reduction will be the State's Cap-and-Invest program, which will cap and reduce emissions, auction off the right to emit, set up a trading system for those rights, and generate billions of dollars to be invested in energy transition and to offset costs of the transition for some residents. Doreen Harris, President and CEO of the NYS Energy Research and Development Authority, and Basil Seggos, Commissioner of the NYS Department of Environmental Conservation, joined CBC to discuss Cap-and-Invest, as well as offshore wind, energy transition and resiliency, the Environmental Bond Act, and much more.

Full Hour | Today, Dom led off the Dom Giordano Program by offering his thoughts on the ridiculous decision by Maine's Secretary of State, who's now followed Colorado Supreme Court's lead in preventing Donald Trump from the ballot. Dom points out the hypocrisy in the Democrats, who regularly preach that conservatives are anti-Democracy, proposing to keep a candidate off the ballot. Then, Dom proposes his side topic of the day, asking listeners and talking with Dan about the quirkiest stories from 2023. After that, Dom welcomes in Lou Belasco, Executive Director of the Greater Wildwoods Tourism and Development Authority, back onto the Dom Giordano Program to reflect on the year at the Shore. Giordano relives some of his favorite moments at Mulligan's in Wildwood, where he welcomed on separate occasions Real Diamond, Kelsey Grammar, and multiple local Mayors during a citywide blackout. Also, Belasco tells listeners what they can look forward to in 2024 down in Wildwood. (Photo by Drew Angerer/Getty Images)

Dom welcomes in Lou Belasco, Executive Director of the Greater Wildwoods Tourism and Development Authority, back onto the Dom Giordano Program to reflect on the year at the Shore. Giordano relives some of his favorite moments at Mulligan's in Wildwood, where he welcomed on separate occasions Real Diamond, Kelsey Grammar, and multiple local Mayors during a citywide blackout. Also, Belasco tells listeners what they can look forward to in 2024 down in Wildwood. (Photo by Getty Images)

Failed deals. Capital calls. Lost investor money. A dreadful and sobering conversation ensues for many some commercial real estate sectors. Residential (1-4 unit) and commercial (5+ unit) real estate fortunes are decoupling.  Multifamily commercial loans are at the mercy of interest rate resets. Residential is stable due to low supply and sustained demand. Neal Bawa from MultifamilyU and I outline the multifamily problem. Values have plummeted 25%.  The magnitude of the multifamily problem is about 1/80th of the 2008 Global Financial Crisis. There are two reasons for the office apocalypse—both declining income and increasing expenses. Only 3% of office buildings in downtown cores have a floor plan that can be converted to residential. Dreadful.  There will be possible discounts in the hotel industry due to a lack of funding and loans. Retail has surprising bright spots. We discuss the future of rents through 2026. Will multifamily problems create contagion into 1-4 unit residential? We discuss.  Timestamps: Multifamily industry changes and challenges [00:00:46] Discussion on the new difficulties faced in multifamily, such as failed deals, capital calls, and banking industry challenges. Opportunity arising in the multifamily market [00:01:12] Exploration of the current opportunity in the multifamily market due to a 25% reduction in prices from the peak, caused by distressed transactions and high interest costs. Anatomy of the problem with floating rate debt [00:05:57] Explanation of the issues faced by apartment building owners or syndicators when they have floating rate debt without rate caps, leading to potential deal blow-ups. The rate cap issue [00:08:29] Discussion on operators neglecting to buy a rate cap or buying a rate cap set too high, leading to negative cash flow. Magnitude of the multifamily reset problem [00:09:47] Comparison of the current multifamily reset problem to the global financial crisis, highlighting the challenges faced by operators. Challenges in refinancing properties [00:12:10] Explanation of the challenges faced by properties in refinancing due to decreased net operating income and increased mortgage costs, leading to potential loss of investor money. The availability of multifamily loans [00:16:50] Neil discusses the availability of commercial real estate loans, particularly in the multifamily space, and how it differs from other asset classes. Lending challenges in the commercial real estate space [00:18:03] Neil talks about the severe lending challenges faced by asset classes like office, retail, and self-storage, while expressing confidence in the stability of multifamily lending. Contagion and the impact on the 1 to 4 unit space [00:20:56] Neil discusses the limited level of contagion that could affect the 1 to 4 unit space due to problems in the multifamily market, highlighting the healthiness of the single-family market and institutional interest in it. The Troubled Office Sector [00:25:35] The speaker discusses how the office sector is facing a long-term demand crisis due to the decrease in office occupancy and the challenges of converting office buildings into residential units. The Ten-Year Problem in the Office Sector [00:27:06] The speaker explains that the office sector is about to face a ten-year problem, with defaults and declining values affecting the downtown core and other assets. Bright Spots in Retail and Hotels [00:29:21] The speaker highlights that retail occupancy is higher than multifamily occupancy, and despite the Amazon effect, retail is doing well. They also mention that hotels have seen strong recovery post-pandemic. Hotels and Multifamily Discounts [00:32:55] Discussion on the current cash flow opportunities in hotels and multifamily properties, potential discounts in the next 12 months. Retail Reinvention and Rents in a Recession [00:33:57] Exploration of how retail can sustain itself through experiential offerings, the resilience of rents in past recessions. Artificial Recession and Rent Growth [00:35:33] Analysis of the possibility of a recession and its impact on rents, the strength of the US economy, and the expected short duration of the recession. The recession and its frequency [00:40:56] Discussion on the frequency of recessions and how they are a normal part of the business cycle. Learning opportunities at MultifamilyU.com [00:41:31] Information on the webinars offered by multifamily ewcom, covering various topics including single-family and multifamily projects. Appreciation for Neil Bawa's insights [00:42:22] The host expresses gratitude for Neil Bawa's informative contributions and welcomes him back on the show. Resources mentioned: Show Notes: GetRichEducation.com/473 Neal Bawa: MultiFamilyU.com and Grocapitus.com For access to properties or free help with a GRE's Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text ‘FAMILY' to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  Top Properties & Providers: GREmarketplace.com GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold   Complete episode transcript:   Speaker 1: Today's guest is well known as the mad Scientist of multifamily. He's a data guru, self-described self-described process freak, and an outsourcing expert. He's a ten figure man with his billion dollar plus multifamily portfolio and his 900 plus investors. He's also the CEO at a multifamily education company because he's a really good teacher. It's been about a year and a half since you were first here. Welcome back to Neal Bawa.   Speaker 1 (00:00:40) - Well, thanks for having me back on. It's it's a delight to be back. Had a fantastic conversation with you last time. So I'm looking forward to this one. We did.   Speaker 2 (00:00:46) - The last one was so fun and spirited. But my gosh, since then, Neal, about a year and a half ago, so much has changed in the multifamily industry. We know that a lot of new difficulties have come into multifamily, like failed deals and capital calls and the need to raise bridge debt and banking industry challenges.   Speaker 2 (00:01:06) - So where would you like to start to help give us some perspective on all that?   Speaker 1 (00:01:12) - Well, think opportunity is finally here. You know, when when we talked a year and a half ago, I was I said things like, well, prices are too high. I said things like, I don't know where the margins are. I don't know how people make deals work. I don't know how they make them pencil out. Right. Um, in some ways, I'm still saying some of those things, but it's certainly not because of pricing anymore. So, you know, the single family market is a perfect sort of benchmark for the world that live in multifamily. As far as I know, in the last 12 months, single family prices have either been flat or up 1% or down 1%, depending upon which analyst you pick. But it's certainly been an extremely, extraordinarily stable market in terms of prices, where it's it's you know, the volume, of course, has cratered. It's down a ridiculous percentage.   Speaker 1 (00:02:00) - Whereas multifamily was an industry that has hurt more because of the portion of multifamily that was purchased or traded in the 2020, 2021 and 2022 time frame. Almost all of those trades happened using bridge loans which were floating, whereas almost all single family transactions were 30 year fixed loans. Right. So so two completely different things have happened. Normally the single family and multifamily market tend to be in lockstep. And that's certainly been the case for ten years. But over the last 18 months, single family and multifamily have separated from each other. And the big reason for that is almost all of the distressed transactions that you're talking about, that you're alluding to all of those cash calls. They are related to bridge loans, which had floating debt. And that floating debt has gone from, you know, 6% to ten, eight, you know, 11%, even for for some of these, these operators making it extremely difficult to make numbers work, making it very difficult to pencil. But on the good side, we've now seen compared to the peak, which was probably about 20, 21 months ago, we've seen a 25% reduction in prices, which is huge because we mean multifamily usually as an asset class, doesn't go down 25% simply because it its value is based on rents, you know, and rents rarely go down.   Speaker 1 (00:03:22) - They hardly went down for 6 or 7 months in 2008, so we didn't see much of a decline there in 2008, simply because, you know, the, the, the income was strong, but this time, the much, much higher cost of interest means that our overall post mortgage income is down. And that's why prices are down 25%. So both opportunity and distress in the multifamily space.   Speaker 2 (00:03:46) - That's such a staggering number. So let's frame that. Multifamily prices down 25% since their peak or year over year. And then just to be clear, we're talking about five plus unit residential apartment buildings with that figure.   Speaker 1 (00:04:01) - Yes, I'm glad you asked the question that way because I do need to qualify a few things. So so first thing is down from peak and depending upon different markets, the peak was either the last quarter of 2021 or the first quarter of 2022. And in a couple of markets, even the second quarter of 2022. So it's I'm not saying year over year, it's basically they're down 25% in the last 18 or 20 months.   Speaker 1 (00:04:25) - Um, so the second piece is that the down 25% is predominantly, let's call it hotter markets in the United States. So if we're talking about a steady Midwest market like Kansas City or Indianapolis, then you're probably seeing a decline of half that amount. So maybe 12.5, 13, 14%, where if you're talking about a very fast growing market, you know, all the Texan markets, the Floridian markets, then you might be seeing declines of that 25% level, since a lot of the transactions that did happen in the last two years were in the faster growing markets, that 25% number is still reasonable. And some people listening to this show might say, no, I don't think 25% is right. It's more like 20, it's more like 18. So I'll. Be at that by saying it's a pretty wide range. We're seeing as little as 18% in some of these fast growing markets, you know, hot markets. And we're also seeing markets like Phoenix, where we're seeing 27, 28% declines in price.   Speaker 1 (00:05:23) - Also, the the range is dependent on the number of units. We are seeing smaller declines if you've got less than 100 units. Right. So smaller properties, we're seeing a smaller decline maybe 15%. And then when we are seeing properties that are 300 units or more, just the whoppers, we're seeing 30% declines in those assets. So so a lot of it is really dependent upon, you know, because the bigger the size, the harder it is to finance it these days, the less the banks want to take a risk on it. So the bigger the property, the harder, harder it's hit at this point of time.   Speaker 2 (00:05:57) - The bigger the property, the less liquidity. So maybe, Neil, to help the listener get a full understanding, maybe you can take us through the anatomy of where a common problem is with what happens to an apartment building owner or syndicator when they got this floating rate debt and they didn't get a rate cap and rates spiked? What exactly happens that makes these deals blow up?   Speaker 1 (00:06:24) - Right? First, want to, you know, set the size of the of the problem.   Speaker 1 (00:06:28) - Right. So when you compare it to 2008, it's not comparable in 2008, the total size of distress or you know, potential distress was 8000 billion or $8 trillion. So it was it was a it was an absolutely staggering event. Luckily, not a lot of that distress actually happened. So that was good. But the the total size of distress was in that $8 trillion or $8000 billion range, the total size of distress in the multifamily market appears to be in the $100 billion range, so about 1/80 of the size of the distress in 2008. So keep that in mind. Also, as a percentage of the overall multifamily industry, there's about 100,000 multifamily properties in the United States that are on the bigger size. Let's call them more than 50 units. There's 20 million apartment units total. 100,000 are the bigger properties. Of those 100,000, the distressed portion of the portfolios is about, from what I can tell, about 3000 properties. Maybe it could be as much as 4000, but 3000 is a very common number.   Speaker 1 (00:07:30) - So about 3% of the properties are distressed. And why are they distressed? Multifamily has been doing incredibly well. Rent growth has been phenomenal, especially in 2021 where it was 15%. Just so you know, they the 50 year average is about 2% rent growth. So 15% is you know, champagne time. So so we've certainly had positive trends. And we continue to see positive trends. You know there's there's less and less people can afford a mortgage. So there's basically a you know brand new renters being created every day because of mortgage rates being this high. But the, the the downside was that a portion of those 100,000 properties were purchased in late 2020, 2021 and then, you know, 2022, and they were purchased using floating debt. And the the so we're talking about those 3000 properties. Those 3000 properties either didn't have a rate cap. So when when you you're purchasing using, you know, bridge debt or floating debt, you want to buy a rate cap. So if rates do go up they hit that cap.   Speaker 1 (00:08:29) - And then anything above that cap is something that the rate, you know, cap selling company reimburses to you. So that way you're not affected by but by going above that, well, some of these operators neglected to buy a rate cap, which was a really bad thing to do. But then there were others that other operators that bought a rate cap, but their rate cap was set too high. So, you know, they basically didn't think that rates would go up. So they did put a rate cap in. But instead of buying a rate cap at 6% or 7%, they may be bought a rate cap at 8 or 9. They were basically looking for the worst case scenario, and so they bought the cheapest rate cap that they could find. And now, you know, rates have gone up and they've already hit that rate cap. Maybe it's eight and a half or 9% and it had eight and a half or 9%. That mortgage is still too high for that property to cash flow. So now the property has negative cash flow.   Speaker 1 (00:09:18) - So there's I personally know of a few dozen properties where the negative cash flow is between 20,000 and $200,000 a month. And that negative cash flow means that the syndicators, the the general partners are basically putting that money in themselves, or they're taking short term loans and they are now looking for a solution there and their solutions are limited. I can give you a list of those, but their solutions are limited because the property is is negative cash flow and nobody wants to touch a property that's negative cash flow.   Speaker 2 (00:09:47) - Did we say that he's a data driven guy or what? That was some great perspective that the magnitude here of the multifamily reset problem has been about 1/80 of what the problem was in real estate during the global financial crisis. That was a great way to put things in perspective. Yeah, Neal, you know, it's such an interesting mindset that an operator would have the awareness to buy a rate cap with their floating rate debt, but yet not have the cap be low enough in order to keep them out of trouble.   Speaker 2 (00:10:20) - That's really unusual to me. Do you have any idea what percent of operators have bought a rate cap with their floating rate debt?   Speaker 1 (00:10:30) - I think a majority of them have. So I'd say more than 50% of the properties that were purchased during this time did have caps, but a lot of the caps were set high. So that that was a very common thing, where the caps were set to 8% or higher, as opposed to them being set at, you know, 6 or 6.5%. So it's more of a high cap issue rather than a no cap issue. And I think the bigger the secondary challenges, let's say let's say they had a good rate cap, right? So I bought it. Let's say you bought a property in the, um, let's call it the final quarter of 2020. And you bought a two year rate cap. And the rate cap was good. It was 6.5%. Yeah. Good for you. Right. But that rate cap was a two year rate cap. So now it expired basically last year.   Speaker 1 (00:11:14) - And so since last year you're now up at 10 or 11%. And, you know, a year's gone by. Your property is bleeding. Maybe it was doing well, but now that it's been bleeding for a year and you've been paying all of that bleed out of your operating expenses, now you're in trouble. And maybe you bought it. Three rate cap. Well, if you bought the property in the final quarter of 2020, then in about a month or two months from now, we're in the final quarter of 2023. Well, that rate cap is going to be gone. And then maybe in the next three, 4 or 5, six, seven months, all of your operating budget, all of your operating, you know, fund is going to be, you know, gone because you have this much higher mortgage. So what's happening is that this is one of those situations where there isn't a trigger on any one particular day, and a huge number of properties come to market. There were a lot of properties purchased in the final quarter of 2020, all four quarters of 2021 and the first three quarters of 2022.   Speaker 1 (00:12:10) - Right. So you're looking at a total of eight quarters. So each quarter, a certain percentage of those properties get to the point where either their rate cap is gone. Right. So it's finished because you bought a one year or two year rate cap, or they're they're at the point where even without the rate cap, their loan is expiring. So a lot of these bridge loans were two year loans and three year loans. And so the vast majority of the challenges that the multifamily industry is going to face are going to be in 2024, because that's when a vast majority of either rate caps or mortgages expire. And because because the net operating income of these properties has gone down and the and the mortgage cost has gone up, most of these properties cannot be refinanced. So I'd say out of the 3000 properties, you could probably refinance using some mechanism, a thousand of them, maybe a third of them. And that could be, you know, do a cash call, get, you know, money from your investors.   Speaker 1 (00:13:07) - Or you could do what is known as a pref lending, where you basically take money from an outside party and that outside that extra money helps you refinance into into perm debt. So those are your options. And the third option, which is likely to be most common, is that you go out and sell your property. But from what I'm seeing, the vast majority of these properties that don't get refinanced. So out of 3000, the 2000 that don't get refinanced are likely to come to market, and the vast majority of them will end up losing all of their investor money or a majority of their investor money. And so you, you know, if it's a $100 billion problem, that's, you know, we're talking about 30 to $40 billion of investor money, and a majority of that 30 to $40 billion could be lost.   Speaker 2 (00:13:48) - Yeah, that is troubling and really concerning as far as those LPs, those limited partners, those investors in someone else's syndication, hopefully that syndicator, that operator is communicating with their investors.   Speaker 2 (00:14:03) - But for investors, is there anything they can do to identify cracks in the arm or where they might be losing their deal, where they might be losing their money, where they might be throwing good money after bad if a capital call is requested?   Speaker 1 (00:14:18) - I think it's a very difficult thing to do for a limited partner because you have, you know, you have more, you have much more exposure to the deal than you would when you invest in the stock market, where you know, there's almost no exposure unless it's a public company. Um, but and these are all private syndications. But I think that a lot of investors simply don't know how to read the, the budgets versus actuals. They don't necessarily know how to read the Performa. So it's it's challenging. So if you're somebody that is. Comfortable doing that. I suggest you dive in and basically ask a lot of the questions of the syndicators. I have one such property, so, you know, I was lucky in that during that time a lot of my colleagues had I have people who I know colleagues that bought 10 to 12 properties during that time frame.   Speaker 1 (00:15:02) - It was very normal. I bought one and a half. So one of those properties was my own property, exited one of my partners. So I call it a half a property because it was already mine. Um, and then I bought purchased one other property in a military metro. So I was able to get it for a lower price because it was a military metro. And usually the prices are lower for, for for military towns and, and that property, you know, I'm having the same challenges that I've described. So, you know, the the rate cap issues and the fact that basically prices have gone down by 25%. And I'm dealing with it by constantly communicating with my investors, giving them, you know, options. You know, here's, you know, how when, when we were when we were all selling these these shares to investors, we gave them a, um, a sensitivity analysis showing them, you know, worst case scenario, best case scenario, you know, in a middle case scenario.   Speaker 1 (00:15:55) - And so now we're basically doing a sensitivity analysis based on what we are seeing in the marketplace today. And and giving them feedback on what our options are and think a lot of it comes down from the the general partners communicating with the limited partners. And if the your general partner is not very communicative, is not giving you information, ask for one on one meetings, ask for you know, more information in their webinar or in their updates. I think this is a time for limited partners to be vocal.   Speaker 2 (00:16:25) - You've learned about the problem in the larger apartment space. You've learned about how operators and apartment syndicators are dealing with the problem. And then, Neil, where do you think that we're going next and think maybe we should ask and look at it through the lens of where do you think we're going next with the availability of multifamily loans, could this help the source of capital dry up?   Speaker 1 (00:16:50) - And so I think the answer is we are going to a very dark place with availability of commercial real, you know, loans.   Speaker 1 (00:16:57) - Multifamily is in a privileged asset class. So, you know, the the term commercial real estate is sometimes meant to include multifamily, sometimes not. So I'll assume that multifamily is part of commercial real estate, but there are many other asset classes. So there's office which is the next biggest asset class. There's retail hotels, there's self-storage, you know, and and a few others like mixed use. And of those commercial real estate asset class, there's only one that's privileged and that's multifamily because there are not one, not two, but three lenders who are government or quasi government organizations whose only job it is to keep lending in the multifamily space liquid, and also the single family space liquid. And they are Fannie Mae and Freddie Mac and hard. Right. So Housing and Development Authority. So these three lenders right now are extremely, extremely active. And what has happened is that in in good times, call it 20 early 2022. You had life companies. You had all these private, you know, bridge capital, you had all kinds of capital that was lending to the multifamily space.   Speaker 1 (00:18:03) - Now some of that capital has backed off. There's still a huge percentage, I'd say probably 40, 50% of all loans that are being done today are these kinds of private, you know, groups. But think the government or quasi government groups are much more active today and their lending. So I don't think multifamily lending dries up at all. I don't think that that's the case. I think it dries up for the non privileged asset classes, hotel, retail, self-storage, office. These are the classes that are likely to see, you know, near lending dry up especially because on a fundamentals basis there's absolutely nothing wrong with multifamily. In fact as I mentioned I think we're a lot better off than 2019 to 2023 given that home prices have gone up 40%, incomes are only gone up 15%. So there's a very large number of Americans that simply cannot qualify for a single family home anymore. And so those people have to go to apartments. So the the fundamentals are really good for apartments. That is not true of office.   Speaker 1 (00:19:02) - So office is an asset class that is experiencing the worst fundamentals it has seen in its entire history. And so I do think that there's going to be very severe lending challenges in the commercial real estate space. But I haven't really seen that multifamily, and I don't anticipate seeing it in the future as well.   Speaker 2 (00:19:20) - Well, I don't know if any of that could have as much fun as last time. There were rather gloomy subjects to discuss here with Neal and come back. Can this problem in the multifamily space create contagion for the 1 to 4 unit space? And like with what Neil touched on, what about other commercial sectors like office and retail? How troubled are they when we come back? This is get recession. I'm your host, Keith Weinhold.    Speaker 2 (00:20:14) - Welcome back to Get Rich Education. We're talking with the mad scientist of multifamily, a big brained visionary. He's also an excellent teacher. I'm sure you can tell as you're listening to him here. And if you're listening in the audio only Bawa is spelled b a w a new. Here on this show, we talk an awful lot about investing in the 1 to 4 unit space and the advantage of the 30 year fixed that long term fixed interest rate debt. Do you see any areas for contagion with problems in the multifamily five plus unit space bleeding over into the 1 to 4 unit space?   Speaker 1 (00:20:56) - Yes, but to a limited level, I think that the the 1 to 4 unit space is the healthiest that I've seen in a very long time.   Speaker 1 (00:21:05) - And there's reasons for that. One of the biggest reasons is multifamily, which is the most well sought after asset class for institutional investors who don't typically don't usually like the 1 to 4 unit space. There's a few companies in that space, let's call them half a dozen, but there's several thousand companies that invest in the multifamily space. Some of them are right now looking at single family as a, you know, as a, you know, safe haven to park some of their money. Right? So there's, you know, more institutional level interest in the single family space because of its access to those, you know, those those 30 year fixed loans. So there's and the fact that single family prices basically haven't declined. So I think that there's there's a lot of interest in the single family space. Um, keep in mind that millennials are reaching their peak years of household formation. So they started in 2019. So until 2025. So from 19 to 2025, those are the peak years of household formation for millennials.   Speaker 1 (00:22:01) - And that's also putting a cushion under the single family space there. Contagion is some form of contagion is inevitable. I think that the office market is going to see spectacular levels of contagion, similar to 2008. I think that the other associated markets, like hotel and retail, are going to see some level of contagion, though I certainly don't expect it to be as bad as office. And then multifamily is going to see some contagion, as we mentioned, because of these 2 or 3000 properties that have to be basically sold into the marketplace and prices are down, which always creates contagion. Why? Because think about it. You're a mid-level bank. So a mid-level bank in the US is $250 billion or less in assets. Well, a lot of these assets are these banks are the ones that loaned out money to multifamily and retail and hotel and in office, and now are being forced by the Federal Reserve through a process known as mark to market. They're being forced to write down the value of these assets because these assets, you know, there's still you know, there's still active loans, but maybe they they loan $20 million.   Speaker 1 (00:23:00) - And now basically they're $20 million is only worth 18 or 16 or 15. And so now the fed is saying, hey, you know, you got to mark these assets down in value. And as they mark them down to value, that can lead to the banks becoming or mid-sized banks becoming less stable. I don't think this affects any of the large banks in the US, but the midsize ones are affected. And some of those mid-sized banks do lend to the single family space, but not a lot. I find that the single family space, when I look at their source of lending, not a lot of those mid-sized banks are involved. There's a little bit they do some brokerage work, but then they're selling those loans back to Fannie Mae and Freddie Mac and a bunch of other, you know, governmental type organizations. So I don't see a sense of contagion in the single family space. I do see potentials of some price declines because until about two months ago, mortgages were predominantly in the sixes. They, you know, they spiked up once to the sevens and then they pulled back into the sixes.   Speaker 1 (00:23:56) - Now they've gone into the sevens and they may stay in the sevens for a substantial amount of time. When that happens, that can affect the single family market as well, simply because, you know, you can get to the point where supply is higher than, than demand. So I wouldn't be surprised if there's a pullback in single family prices. Let's call it 5%. But I'm not predicting the kind of challenges where the office market think we could see 40% declines in prices from peak, whereas single family you might see 5%. I think that's still an incredible outcome for the single family market compared, you know, just looking at the outrageous increases in prices since Covid don't I don't think that's a even a pullback. I would just say that's a balancing out.   Speaker 2 (00:24:44) - Who know the residential housing market. Really, it's something that's non-discretionary on a human need basis. Everyone needs to live somewhere and they will either own rent or be homeless. And you talked about some of those affordability challenges before. The lower the homeownership rate gets, the more renters you have.   Speaker 2 (00:25:05) - So long term, we will have some demand baseline for both multifamily and properties in the 1 to 4 unit space, of course, but the same thing cannot be said about some of these other commercial sectors, especially the troubled office sector space, where you have more and more abandoned buildings downtown. And a lot of these office buildings cannot be easily converted from offices to residential units. So why don't you talk to us about some of those other troubled commercial sectors, starting with office.   Speaker 1 (00:25:35) - Office is in a apocalypse. I think that this is far, far worse than 2008 and far, far worse than than 2001, because 2008 and 2001, they were liquidity crisis. They were short term, you know, demand crisis. This is a long term demand crisis because, you know, I read very important documents from companies that are in the key swiping business. You know, when you enter an office in a downtown core, you're swiping your card. And so those companies actually have phenomenal day by day data of how many people are actually going into offices today.   Speaker 1 (00:26:11) - It's been more than a year since companies started calling back, you know, people to the office and think that by now every company, whether you know, they're they're forcing five days back to the office or four days or three days or two days, everyone's sort of, you know, put their line in the sand. And we're at the point where, you know, this, this is what offices look like going forward. And if I'm right and this is what it looks like going forward, it is simply catastrophic for the office market in the United States, because we're still seeing key swipes at 50 to 60% of the people that used to swipe in before Covid. And that number is staggeringly, staggeringly low. And if this is what it settles at, you know, some companies are two days, some three, some four. I think we're in for a world of pain for the office market. You also, you know, there's a lot of people that in these podcasts basically will often say something like, no, the office stuff will get converted into residential.   Speaker 1 (00:27:06) - And I have news for you, only 3% of office buildings in office in downtown course have the floor plate, the floor plate necessary for residential conversion. Why? Because residential conversion by law requires that every every single room have a window. So what is happening is most of the time you basically can only convert the buildings on the edge, the, the square footage on the edge of a building, but that's central core but then becomes worthless. And if you don't have a use for it, then you still have to buy that office building to convert and you have to buy it at a reasonable price. The math doesn't work. I mean, you'd you'd need to see office values down 80% for, for, you know, a somebody who's converting to multifamily to say, fine, I'll just leave the 60% in the middle empty and I'll just convert the size. So 80% declines in value are needed for that kind of conversion to happen. So we are about to see a ten year problem in the office sector.   Speaker 1 (00:28:03) - And it's also dragging down all of the other assets in the downtown core. So we are seeing we just saw a $727 million default on two hotels in San Francisco. We saw a $558 million mall default. Also in San Francisco, we're seeing defaults across the board in New York, Boston, Seattle, San Diego, Miami, sort of heavy markets where this these challenges are happening. We're seeing a lot of these and it's happening in a very, very slow way. Keith. And the reason for that is the office market, their average lease is, you know, five years long. Some leases are ten years long, and a lot of these companies haven't gone out of business. So if the company is in the lease, they're continuing to pay even though the office is empty. But the moment that lease comes up for renewal, either the company doesn't renew it or they renew maybe half the space. Right. And so we we already know that this is an incredible debacle, but it doesn't seem like it at any given point of time because it's happening in a very slow motion way.   Speaker 2 (00:29:02) - Well, that's such a good point about how there will be this slow drain, this slow leak when these office leases expire over time. What about other areas of the commercial space, any other particularly troubled areas or bright spots that you see going forward?   Speaker 1 (00:29:21) - Ironically bright spots. And this is where I've been proven wrong in the past. You know, I've often maybe 4 or 5 years ago talked about the retail apocalypse, right, where Amazon would basically, you know, lead the retail market to become illiquid. Well, none of those things have happened because of two reasons. One is the retail apocalypse with people like me, you know, being on on 200 podcasts, talking about it, a lot of development of retail that was scheduled to happen simply didn't happen. So the very.   Speaker 2 (00:29:48) - Late podcast, people lost confidence. No. They were invested in retail.   Speaker 1 (00:29:52) - Exactly right. So so, you know, I fulfilled that prophecy. Think. But bottom line is that there's there's been very responsible levels of new construction in retail.   Speaker 1 (00:30:02) - So, you know, they haven't built a lot. Very few models have been built in the United States in the last few years. And even some of the malls that have been repurposed, some of their square footage is being used up for, for multifamily. And so that was one. The second reason is that retail is being very careful with pricing. So, you know, over, over the last 5 or 6 years, the retail market has adjusted to new forms of pricing, where, you know, you go into a mall and you see a gym where before the pricing of that mall never really allowed for a gym to be in a mall. It just gyms, you know, they want, you know, a lower price per square foot. And so malls have adjusted, strip malls have adjusted. And so today we have a surprising event where retail occupancy in the United States is higher than multifamily. This is the first time ever that multifamily is about a little under 95%. Now it's 94% occupied.   Speaker 1 (00:30:52) - Retail is 96 or 97% occupied, which never happens, right? Normal. Normally retail is right around 90%, 88%, something like that. But the high level of occupancy shows that that retail is doing well. Now, having said that. So so on the occupancy side, they're doing really well. There's there's really no pullback in terms of demand. But on the other side, because of the fact that interest rates are so high, retail cap rates are very high, which means prices are low. So prices are very reasonable there for retail. And so I think that real opportunity that I'm seeing I wouldn't invest in office at this point, Keith, because you don't know the end of this process. You don't know how long it takes. I think it takes a decade. So I might get 50% off in office and I don't want it. I just don't want to touch that asset class. It's tainted. Now, if I get 40% off in retail, I think I'm interested because fundamentally I don't see a demand issue if this is the highest occupancy that retail has seen ever.   Speaker 1 (00:31:53) - And at the same time, I'm getting a 40 or 50% discount simply because of lack of lending. Well, that is to me a classic opportunity to look at because once again, fundamentally, nothing is wrong with demand. And I realize that the Amazon effect is extremely real. But what I'm seeing is that that people want that experience of shopping. And so even amongst the young people, sure, each year Amazon, you know, goes up a little bit. But now Amazon's growth is no longer a hockey puck. Amazon's growth is sort of like this. You know they're growing by 10%, 15% a year, which is still great for Amazon. But I think when you when you project that across a 300 million person market that the US is retail no longer has to fear for an apocalypse. So this is actually a pretty good time to take advantage of the 40% discounts that I think will happen in 2024 for retail. Same thing. Everything I just said also applies to hotels. Hotels came out of the pandemic very strong, with huge increases in ADR or average daily rates and huge, huge increases in occupancy.   Speaker 1 (00:32:55) - So hotels right now are a very robust cash flowing business. If you've got good hotels and good locations, you're making a lot of money. They're cash flowing like crazy because their orders have gone up and their occupancy has gone up. So they've taken two positive hits. But once again, I expect there to be discounts simply because of a lack of funding, a lack of loans. And you can you might we might easily see 30%, maybe not 40, but 30% discounts in hotels in the next 12 months. So think both of those are really good opportunities, along with multifamily discounts at 25%. So this is an opportunity. This is a case of distress creating unusual levels of opportunity. I don't think we're quite there yet, Keith. We're beginning to see some distress in multifamily. We're certainly seeing distress in office. We haven't heard anything about the distress in retail or hotels yet. That's because a lot of their their loans don't don't trigger until 2024. Right. So that's we'll see what happens next year when these loans start to trigger and you can't really refinance them.   Speaker 2 (00:33:57) - I completely believe that inflation has thoroughly soaked in to hotels. You talk about their ADR, their average daily rate. I've recently stayed at hotels in Denver, Omaha, Chicago, Toledo and Boston, so I've gotten a pretty good sample size and sure feel the hit there. And interestingly, the last time I shopped at a mall, it was the biggest mall in this city, and I noticed a bowling alley that I had not noticed there before. And I went bowling and noticed an ice skating rink was there. So I just wonder how much retail can reinvent itself if it tilts enough into the experiential part, rather than just buying items off a shelf at a store, maybe that can help sustain that retail sector, to your point. Well, Neil, maybe we should wrap up really on what supports an awful lot of values in multifamily, and that is rents and the direction of rents, especially if we have almost hate to say this. R-word, a different R-word, a recession, because it seems like this thing has been around the corner forever.   Speaker 2 (00:35:03) - I know historically that rents are quite resilient in a recession, something that you touched on earlier back even during the 2008 global financial crisis, when I was a landlord, I owned fourplex buildings. Then I noticed that I had a pretty good steady stream of renters. My rents didn't really go up much, but they were really resilient. They didn't go down, and that's because people couldn't get a loan. So that was an affordability problem. Then we have another affordability problem now. But if we do tilt into recession, what do you think that is going to do to rents?   Speaker 1 (00:35:33) - I think we are going to see a decline in rents if a recession happens. Now, that's a question. By the way, six months ago, if you told me, you know, a recession wasn't going to happen, I'd say, no, that's not possible. We are going to go into a recession. However, I must admit that the US economy has truly, truly, truly outperformed beyond anyone else, beyond anyone's imagination.   Speaker 1 (00:35:54) - So today, the chances of a recession are certainly not 100%. Might be 50%. But let's assume that it happens and a recession happens. I think what is very, very likely is that this recession will be very short. So once again, if you're not paying attention to to to what's happening in the marketplace, this is a time that, you know, I was born in India and this is my adopted country. I feel very proud of the US economy today. If I compare the US economy to the Canadian, the eurozone, the Germans, the Japanese, we are outperforming every one of those economies. We're at the point where we're outperforming China, which almost never happens, by the way. And so we have an extraordinarily resilient and strong economy at this point. So if it falls into a recession just because the fed keeps hitting it over the head with this interest rate hammer, I think that recession will be fairly short, because as soon as the economy does go into a recession, the fed usually figures that out within a few months.   Speaker 1 (00:36:47) - Then they can stop hitting us with a hammer. I'm not saying that they'll just cut interest rates back to zero, but they certainly will provide some cushion. Maybe they cut rates by one one time, two times, just to make the market breathe a little bit easier. Because this is an artificial recession, there is no shortage of demand in the US economy. There's an incredible number of open jobs. There were as many as 11 million jobs now. Now there's about 9 million open. So there's there's a and wage growth has been so strong. Right. Because we have so many people retiring that at this point, for the first time since the early 60s, I believe, or late 60s, we actually have pricing power. So anyone who wants to be employed can ask for more money and get it. And so wage growth has been about four, 4.5%, which is really good for rents, by the way. It's phenomenal news because we needed wage growth for future rent growth. So we have a artificial recession if it does happen.   Speaker 1 (00:37:38) - And that artificial recession is being caused by the fed because they want that wage growth to come closer to 2% from the 4% that it's at, because everything else has come down. Right. So commodities have come down with the exception of oil, and so has, you know, so have the supply chain issues are gone, rents are down. So in the US the last 12 months, rents were flat and in some markets they might be down 1% or 2%. Austin I think was the only market that was down a lot. But most other markets were down very, very small amounts. So rents have been flat, which is, I think, really credible because if you look at rents over the last two years, they're up 16%. So in 2022 they were up 16%. In 2023 they were up basically zero. So if you average that out now you're looking at 8% rent growth, which is phenomenal compared to the long term average of 2.5%. So we've been outperforming on rent and we needed to take a breather in the last 12 months have been that breather.   Speaker 1 (00:38:32) - Now, if the recession happens, I do expect rents to go down, but not normally they don't. So in a in a in a six month, three month or six month average recession, you know, the average US recession is two quarters. So six months normally you don't get rent drops. You might get, you know, the rents plateau out. Or maybe their rent growth drops from 3% to 1%. That's that's much more common this time. We might see rent growth in a short recession drop by maybe 1% or 2%. And the biggest reason for that is supply. The largest supply of apartments in the history of the country is delivering, starting basically the beginning of 2023 until the end of 2024. So these two years, 2023 and 2024 are massive apartment supply years. And obviously, as you supply 500,000 apartments into an economy that overall is not outperforming, is is doing okay, but and it starts to go into a recession, then you're going to see some concessions. And that concession drives down the price of multifamily, which then drives down the price of single family rentals.   Speaker 1 (00:39:36) - So we could see a decline in rents. I'd say probably 1% to 2% is is possible, but that decline is likely to be short. So I think let's assume that the recession starts in the final quarter of 2023, which might not happen. I think it's more of a Q1 and Q2 of next year. If the recession does happen, those are the two most likely quarters. As soon as the economy rebounds and becomes positive, we should see very strong and stable rent growth. Well, I would say stable rent growth for the rest of 2024 by 2025, a lot of that incoming supply is done. So now supply supply and demand are in balance. So in 2025 I expect strong rent growth as much as 4 or 5%. And in 2026 I expect very, very strong rent growth. We might we might see 6% rent growth in 2026. So 2024 is that year where rent growth is a little bit shaky because of this. Word, the recession word. And, you know, whether it happens or not is we don't know.   Speaker 1 (00:40:37) - And when it happens, we don't know how long it lasts. But I think because it's an artificially induced recession, it's likely to be the vanilla US six month recession, which basically drives wages closer to that 2% target for the fed, and gives the fed the room to start easing up on interest rates.   Speaker 2 (00:40:56) - Recessions are not good. Perhaps the one positive about a recession is that then we can all stop talking about and speculating upon when does eventually happen, because on average, it does happen every five years. It's just a normal part of the business cycle. Well, Neal, this has been very informative around the multifamily world and beyond, including projections for the future. You've always got such great insight in stats on the pulse of the market. If someone wants to learn more about you and your resources, what's the best way for them to do that?   Speaker 1 (00:41:31) - Come join us at multifamily. That's multifamily, followed by the letter EW.com we get about 20,000 registrations in our webinars. We do about a dozen webinars each year.   Speaker 1 (00:41:41) - We do them on single family multifamily. We do them on other asset classes like office. We just did one on on on the office apocalypse and people like that because there's no education fee, there's no subscription, there's no upsell. People come join us. They learn a lot. And occasionally during one of these webinars, if you have a multifamily project that we are doing, we mention it for about 30s. And if that sounds like it's interesting, you can, you know, jump in and you know and participate. But otherwise, you know, there's a lot of tens of thousands of people that have never participated with us in any of our projects that come and join us at this ecosystem of learning called multifamily EW.com.   Speaker 2 (00:42:22) - Neal Bawa, Gro Capital and multifamily EW.com. It's been informative, just like it was the last time you were here. It's been great having you back on the show.   Speaker 1 (00:42:32) - Thanks for having me on, Keith.