Podcasts about Economics

Social science that analyzes the production, distribution, and consumption of goods and services

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    The Hartmann Report
    Most Underreported Stories of the New Year

    The Hartmann Report

    Play Episode Listen Later Jan 11, 2026 57:45


    While all eyes are horrified by the horrifying daily spectacle of Donald's despicable regime, Thom Hartmann reviews the most under-rated stories that escaped notice in the fray. Plus a National Progressive Town Hall Meeting with Rep. Mark Pocan.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    Permaculture Voices
    The Economics of Selling Product at Scale

    Permaculture Voices

    Play Episode Listen Later Jan 11, 2026 5:03


    In this episode, farmer and entrepreneur Jenny Quinerof Dogpatch Urban Gardens breaks down the economics behind developing and selling a product at scale.   Subscribe for more content on sustainable farming, market farming tips, and business insights!   Get market farming tools, seeds, and supplies at Modern Grower. Follow Modern Grower:  Instagram  Instagram Listen to other podcasts on the Modern Grower Podcast Network:  Carrot Cashflow  Farm Small Farm Smart  Farm Small Farm Smart Daily  The Growing Microgreens Podcast  The Urban Farmer Podcast  The Rookie Farmer Podcast  In Search of Soil Podcast Check out Diego's books:  Sell Everything You Grow on Amazon   Ready Farmer One on Amazon **** Modern Grower and Diego Footer participate in the Amazon Services LLC. Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.

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    Learnings from Leaders: the P&G Alumni Podcast
    Dipak Golechha, Palo Alto Networks' Chief Financial Officer

    Learnings from Leaders: the P&G Alumni Podcast

    Play Episode Listen Later Jan 11, 2026 45:26


    “A large part of what you bring to work affects everybody else around you, so if you bring joy that becomes infectious, that infection makes the whole place more joyful.”Dipak Golechha is Chief Financial Officer of Palo Alto Networks, the world's leading enterprise cybersecurity company, where Dipak leads global finance and operations. A seasoned finance leader, prior to Palo Alto Networks, Golechha held a variety of global leadership and executive roles around the globe. Prior to joining Palo Alto Networks, Dipak served as CEO of Excelligence Learning Corporation, a childhood education company backed by private equity. Before that, Dipak was CFO at The Nature's Bounty Company, a $3+ billion health and wellness consumer products company with brands including Holland & Barrett. Dipak also spent seven transformative months as CFO of Chobani, helping structure the rapidly growing company through capital raising and private equity partnerships. Dipak spent 18 years at Procter & Gamble in finance and operations leadership roles across multiple geographies. His P&G career began in London before an early expatriate assignment to Caracas, Venezuela. He held finance leadership positions in the Clairol acquisition, corporate treasury, global M&A, and became Global Divisional CFO and COO for Pringles—one of P&G's youngest executives in this role. His final position was leading finance for the global feminine care division. Dipak serves on the board of Spring Health, and holds a B.A. and M.A. in Economics from St. John's College, Cambridge University, This conversation is hosted by P&G Alum Sudha Ranganathan, who's spent over 19 years in diverse Marketing leadership roles at companies like P&G, PayPal, and LinkedIn where she's honed her passion for customer-centric marketing and talent development.This is a sponsored episode with our partners at Palo Alto Networks, a proud global presenting sponsor of the P&G Alumni Network. Interested to feature your company and executives on the P&G Alumni Podcast? Reach out to jswuest@pgalums.com

    Part Of The Problem
    A Response to Dan Bongino

    Part Of The Problem

    Play Episode Listen Later Jan 10, 2026 55:57


    Dave Smith brings you the latest in politics! On this episode of Part Of The Problem, Dave and Robbie "The Fire" Bernstein talk about Dan Bongino's return to podcasting, his arguments with Dave on Twitter, and more.Support Our Sponsors:BodyBrain - Go to BodyBrainCoffee.com, use code DAVE20 for 20% off your first orderCrowdHealth - https://www.joincrowdhealth.com/promos/potpPart Of The Problem is available for early pre-release at https://partoftheproblem.com as well as an exclusive episode on Thursday!PORCH TOUR DATES HERE:https://robbernsteincomedy.com/eventsFind Run Your Mouth here:YouTube - http://youtube.com/@RunYourMouthiTunes - https://podcasts.apple.com/us/podcast/run-your-mouth-podcast/id1211469807Spotify - https://open.spotify.com/show/4ka50RAKTxFTxbtyPP8AHmFollow the show on social media:X:http://x.com/ComicDaveSmithhttp://x.com/RobbieTheFireInstagram:http://instagram.com/theproblemdavesmithhttp://instagram.com/robbiethefire#libertarianSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    The Hartmann Report
    The Very Definition of Tyranny

    The Hartmann Report

    Play Episode Listen Later Jan 10, 2026 59:36


    The founders saw this coming- as Trump accumulates the powers of all branches of government into his hands, is there any limit to his murderous lawbreaking at home and abroad?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    Thoughts on the Market
    Signals Align for a Growth Cycle

    Thoughts on the Market

    Play Episode Listen Later Jan 9, 2026 3:49


    Our Global Head of Fixed Income Research Andrew Sheets takes a look at multiple indicators that are pointing on the same direction: strong growth for markets and the economy.Read more insights from Morgan Stanley.----- Transcript -----Andrew Sheets: Welcome to Thoughts on the Market. I'm Andrew Sheets, Global Head of Fixed Income Research at Morgan Stanley. Today I'm going to talk about an unusual alignment of signs of optimism for the global cyclical backdrop and why these are important to watch. It's Friday, January 9th at 2pm in London. 2026 is now well underway. Forecasting is difficult and a humbling exercise; and 2025 certainly showed that even in a good year for markets, you can have some serious twists and turns. But overall, Morgan Stanley Research still thinks the year ahead will be a positive one, with equities higher and bond yields modestly lower. It's off to an eventful start, certainly, but we think that core message remains in place. But instead of going back again to our forecasts through the year ahead, I wanted to focus instead on a wide variety of different assets that have long been viewed as leading indicators of the global cyclical environment. I think these are important, and what's notable is that they're all moving in the same direction – all indicating a stronger cyclical backdrop. While today's market certainly has some areas of speculative activity and excessive valuations, the alignment of these things suggests something more substantive may be going on. First, Copper prices, which tend to be volatile but economically sensitive, have been rising sharply up about 40 percent in the last year. A key index of non-traded industrial commodities for everything from Glass to Tin, which is useful because it means it's less likely to be influenced by investor activity, well, it's been up 10 percent over the last year. Korean equities, which tend to be highly cyclical and thus have long been viewed by investors as a proxy for global economic optimism, well, they were the best performing major market last year, up 80 percent. Smaller cap stocks, which again, tend to be more economically sensitive, well, they've been outperforming larger ones. And last but not least, Financial stocks in the U.S. and Europe. Again, a sector that tends to be quite economically sensitive. Well, they've been outperforming the broader market and to a pretty significant degree. These are different assets in different regions that all appear to be saying the same thing – that the outlook for global cyclical activity has been getting better and has now actually been doing so for some time. Now, any individual indicator can be wrong. But when multiple indicators all point in the same direction, that's pretty worthy of attention. And I think this ties in nicely with a key message from my colleague, Mike Wilson from Monday's episode; that the positive case for U.S. equities is very much linked to better fundamental activity. Specifically, our view that earnings growth may be stronger than appreciated. Of course, the data will have a say, and if these indicators turn down, it could suggest a weaker economic and cyclical backdrop. But for now, these various cyclical indicators are giving a positive read. If they continue to do so, it may raise more questions around central bank policy and to what extent further rate cuts are consistent with these signs of a stronger global growth backdrop. For now, we think they remain supporting evidence of our core view that this market cycle can still burn hotter before it burns out. Thank you as always, for your time. If you find Thoughts on the Market useful, let us know by leaving a review wherever you listen. And also, please tell a friend or colleague about us today.

    The Hartmann Report
    Trump's SS Can Now Track Your Phone

    The Hartmann Report

    Play Episode Listen Later Jan 9, 2026 57:59


    ICE has announced that it has acquired technology that can keep up with whole neighborhoods of people to find out where persons of interest are going. Is all of this the start of a new dark age of lawless government and a servile public?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    The Hartmann Report
    Daily Take: “Only My Own Morality”: Trump's Chilling Confession Demands Impeachment

    The Hartmann Report

    Play Episode Listen Later Jan 9, 2026 15:12


    This is not politics: it's the rise of a strongman. And the Constitution has only one remedy…See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    More or Less: Behind the Stats
    The Stats of the Nation: Immigration, benefits and inequality

    More or Less: Behind the Stats

    Play Episode Listen Later Jan 9, 2026 28:40


    What kind of state does the UK find itself in as we start 2026? That's the question Tim Harford and the More or Less team is trying to answer in a series of five special programmes.In the final episode, we're looking at the numbers behind some of the UK's most potent political debates:Has 98% of the UK's population growth come from immigration?Do we spend more on benefits in the UK than in other high-income countries?Is the gap between rich and poor growing?Get in touch if you've seen a number in the news you think we should take a look at: moreorless@bbc.co.ukContributors:Madeleine Sumption, Director of the Migration Observatory at Oxford University Lukas Lehner, Assistant Professor at the University of Edinburgh Arun Advani, Director of the Centre for the Analysis of Taxation and a Professor of Economics at the University of Warwick. Alex Scholes, Research Director at NatCenCredits:Presenter: Tim Harford Producers: Lizzy McNeill, Nathan Gower, Katie Solleveld and Charlotte McDonald Series producer: Tom Colls Production co-ordinator: Maria Ogundele Sound mix: Sarah Hockley and James Beard Editor: Richard Vadon

    Making the Argument with Nick Freitas
    Inside Info You Needed To Know About Venezuela

    Making the Argument with Nick Freitas

    Play Episode Listen Later Jan 9, 2026 65:47


    Nick interviews Daniel Di Martino who is from Venezuela, but left in 2016 due to the socialist regime. Daniel graduated with a BA in Quantitative Economics from Indiana University, obtained an M.A. and M.Phil. in Economics at Columbia University and is completing his PhD. Nick & Daniel talk about what is needed for drastic change and how fast it should happen.SPONSOR: Brave BooksWe can't control what messages are out there, but we can prepare our kids to meet it with courage and conviction. Brave Books teach valuable lessons of truth, courage, sacrifice, faith, and love of country through stories kids actually want to read.Use code NICK for 20% OFF your first order: BraveBooks.com/NICK-----GET YOUR MERCH HERE: https://shop.nickjfreitas.com/BECOME A MEMBER OF THE IC: https://NickJFreitas.comInstagram: www.instagram.com/nickjfreitas/Facebook: https://www.facebook.com/NickFreitasVATwitter: https://twitter.com/NickJFreitasYouTube: https://www.youtube.com/@NickjfreitasTikTok: https://www.tiktok.com/@nickfreitas3.0

    PBS NewsHour - Segments
    The mounting economic challenges weakening the job market

    PBS NewsHour - Segments

    Play Episode Listen Later Jan 9, 2026 7:26


    The U.S. economy added a modest 50,000 jobs in December. It was below expectations and capped the weakest year for job growth since the pandemic. Employers added a total of 584,000 jobs for all of 2025, a big drop from the 2 million created in 2024. The unemployment rate ticked down to 4.4%, but the jobs report points to a soft market. Economics correspondent Paul Solman reports. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy

    Live Like the World is Dying
    S1E1 - Kitty Stryker on Anarchist Prepping (re-air)

    Live Like the World is Dying

    Play Episode Listen Later Jan 9, 2026 77:20


    Episode Summary This week on Live Like the World is Dying, we have a re-air of the first episode of Live Like the World is Dying, an interview with Kitty Stryker about Anarchist Prepping. Kitty Stryker can be found on twitter at @kittystryker and at http://kittystryker.com/ Margaret Killjoy can be found on twitter at @magpiekilljoy and at http://www.birdsbeforethestorm.net/ Publisher Info This show is published by Strangers in A Tangled Wilderness. We can be found at www.tangledwilderness.org, or on Twitter @TangledWild and Instagram @Tangled_Wilderness and Blue Sky @tangledwilderness.bsky.social You can support the show on Patreon at www.patreon.com/strangersinatangledwilderness Transcript The following transcript was provided by a comrade who wants to help us make this show more accessible: S01E01 Kitty Stryker on Anarchist Prepping Live Like The World Is Dying #0:00:00.0# (Introductory music) #0:00:15.1# Margaret Killjoy: Hello and welcome to Live Like The World Is Dying; a podcast that explores life when it feels like the end times. I say "when it feels like the end times", and I'm gonna get into this more throughout various episodes of the podcast, because of course, the world is always ending. It's always changing the status quo. Always shakes and changes, collapses, rebuilds, all of these things. So sometimes people roll their eyes when you talk about the world ending. And sometimes that makes sense, the world has ended in a lot of different ways. But... It sure feels like the world is ending right now to me and to... Maybe to you and maybe it will, maybe it won't. Obviously what it means for the world to end is a subjective thing. But it's a... It's a stress factor to say the least, on a lot of people's lives right now. Thinking about climate change and thinking about the... The rise of global fascism. So this is a podcast that's gonna explore... Well, how we can live while we feel like the world is dying. For myself and for this podcast I've found that I focus on four different priorities. I focus on living like the world is going to end and that I might not survive, living like the world is going to end and I can try to survive, living like we can prevent the end of the world, and of course, living like maybe the world isn't ending after all. So basically hedonism, prepping, revolution, and not burning all your bridges because... Who knows, the status quo might linger on after all. With this podcast I'm probably going to focus on the middle two of these priorities. I'm gonna focus on prepping and revolution. And I'm going to do that because... Well, I've always sort of wanted there to be more information and more... More going on about anarchist and leftist prepping. Because most of the prepping world is of course steeped in... Not just like right-wing politics, but also right-wing values and individualistic values and of course as an anarchist I believe in the balance between the individual and the community and because of that I don't believe in individualistic survival. I don't believe that the bunker mentality, which we're going to talk a lot of shit on in this podcast over the next couple episodes, is appropriate to most... To most threat models. So I'll be your host, but for the most part I'm going to interview people who know a lot more about a lot of this stuff than me. As for me, I am a prepper I suppose on some level. I keep a small stockpile food. Dried food in 5 gallon buckets in case there's an interruption in... Well, food supplies. I make sure I know where water filtration is. I also keep a to-go bag and... At my house. And I keep another one in my car that's much smaller. Neither of these are a particularly elaborate. They're... They're fairly simple things I put together. And that's... That's more for my own mental welfare than it is like any immediate expectation of crisis. And I also... I live off grid. Which is not something that I'm gonna specifically advocate that anyone else do. I actually live off grid because it just sort of meets my needs here and now in terms of how I like to live. I live about half an hour away from a small city in a cabin I built myself in the woods because I like doing that. I like living that way. I'm an anarchist and that's going to certainly bleed over into the content of this show. I believe in a world without course of hierarchies like the state or capitalism or white supremacy or heteronormativity or... Or any of the intersecting oppressions and hierarchies that rule the world that shouldn't. And so of course, a lot of my... I tell you this because I want you to know my biases because I want you to come to your own conclusions. I have a bias against state and federal aid. I tend to find it to be wildly inefficient. I'm far more interested in creating a society based on mutual aid. And so... And I find agency to be wildly important. I find it very important for us to encourage each other to have agency and so I'm interested in disaster relief or crisis preparation or whatever, that maximizes individual agency, that maximize community agency and... Yeah, that's what's interesting to me so that's what I'm going to be focusing on more. This first episode, our guest is Kitty Stryker who I can let introduce herself. Thanks so much for listening. #0:05:01.9# (Musical transition) #0:05:06.5# Margaret: So today our guest is Kitty Stryker. Well actually, do you want to introduce yourself with your name and pronouns and kind of any political or organizational affiliation you feel like shouting out. #0:05:21.4# Kitty Stryker: Sure. I'm Kitty Stryker, I use she/her pronouns. I'm a... I identify myself as a leftist doomsday prepper. But I'm more of a like... Emergency prepper, street medic. I work with Struggle Of Circus, which is a of bunches of leftists and other sort of radical political groups and a bunch of juggalos coming together to help out at protests and usually do medic related stuff but also be kind of a meat wall around marginalized communities. I identify as an anarchist and... Yeah, I guess I just found it really interesting that when I was looking for communities of leftist to talk to about prepping, there wasn't anything there. #0:06:15.5# Margaret: Yeah that was... I think we ended up kind of finding each other through a similar... I don't actually remember how we first ended up talking about it. Maybe you do. But we've been, for anyone who's listening, Kitty and I have been talking vaguely about how we needed to do something about this... This lack of... #0:06:34.2# Kitty: Lack of information, yeah. #0:06:35.9# Margaret: Yeah. Because so much of the information that's out there about prepping is not really applicable, well, to anyone realistically. But certainly not necessarily applicable to people whose ideology isn't "fuck you, I've got mine", you know? So... #0:06:53.5# Kitty: Right and I think... And it could be actively hostile in forums and stuff. Like places that you wanna go to ask for information and ask for advice become really hostile when people are talking about how much they want to kill antifa or of like... "I can't wait til the race war". It's not really a very comfortable place to ask questions about fortifications. #0:07:19.5# Margaret: Yeah. That makes sense. So why don't we start by kind of talking about the general conception of preparedness and kind of what is leftist or anarchist prepping or preparedness. As... At least as you can conceive it. #0:07:37.7# Kitty: Sure, well, so for me I grew up with parents who are sort of like... Suburban homesteader types, with a mixture of prepping. But are also hoarders so while they have everything you would need in an apocalypse you also wouldn't necessarily be able to find it. So I kinda grew up with the hoarding tendency that they think comes with a lot of prepping. You wanna have lots of things that seemed very important. But also this desire to try to make it organized and make it easily accessible. I realized fairly quickly that while I'm more of a stay-in-place kind of prepper and sort of emergency preparedness person, I also will potentially need to be able to put what I need a backpack and carry it with me. At least for a mile or two depending on the emergency and if I have so much stuff that I can't practically do that without a car, it's not really going to be that useful. I live in earthquake country so I just have to anticipate the roads are going to be kind of a mess. So that was sort of where I came from, was this not very political, camping and also very pagan, getting in touch with earth kind of thing. Like my parents beehives that drives all of their neighbors off the wall. They hate it. #0:09:12.7# Margaret: That's interesting. I've only a couple times been around this, yeah, suburban homesteading idea where you have access to a little bit of land. Not necessarily so much privacy, not so much... Place where you can keep your bees. #0:09:24.5# Kitty: Nope, no privacy. Everyone in my neighborhood is like, "That's the witch house. You can tell because there's thirteen sacred trees in the front lawn. And her dad goes outside and scythes the lawn." #0:09:38.1# Margaret: Wow. #0:09:39.7# Kitty: I don't think he's actually even done that in years so I think it's just an overgrown tangle at this point. #0:09:45.9# Margaret: Well that's even more fun. #0:09:46.7# Kitty: But we have like... We have a pond in there. There's a little herb garden, a veggie garden. We have a crow feeder. It's... It's elaborate. #0:09:56.8# Margaret: I'm imagining this on like a quarter acre, half acre. Is that..? #0:10:00.5# Kitty: Yeah. Yeah, pretty much. With manicured lawns right next to us on either side. #0:10:08.5# Margaret: Well, that's a... #0:10:09.1# Kitty: Really... That's where I was raised. I think that explains a lot. #0:10:13.7# Margaret: Okay. It's an interesting metaphor for being the one person who's... You know, either prepping or being a hoarder. #0:10:22.4# Kitty: I've been the one person for a while. Yeah. But I think that that's in such staunch contrast to doomsday preppers which is what most people think of when they think of prepping. They think of like, "Oh, that's those rednecks in the middle of the really rural areas with their bunker and their nine million guns and their giant water containers." And they're, you know, being completely convinced that there's going to a nuclear war or there's going to be... I don't know. What are some of the other disasters that they're always prepared for? Well, I mean like, definitely race wars. Definitely one of the things. #0:11:09.1# Margaret: Yeah, I mean and that's kind of the... I feel like that's the tell between whether you're talking to a racist prepper or a... Well, obviously if someone's talking about a race war they're clearly racist. But... You know, there's a tell of whether or not they're obsessed with like the... The boogaloo or if they're obsessed with... You know, the possibility of invasion or... System collapse in general. #0:11:32.3# Kitty: Right, right. And like what system collapse looks like. Like what are they actually afraid of, I think is very telling. A lot of times you'll see people say, "Oh, I'm afraid that people are going to come and murder my family for my resources because my resources are so awesome that everyone for miles around is going want to come and murder me." Which, first of all, if that was true I would not be saying it on the internet. That just seems like a bad idea. That's... My boyfriend and I watch doomsday preppers and talk about how we would raid their bunkers because they show us everything. And that just seems very shortsighted, if that is indeed what you are worried about. #0:12:22.2# Margaret: Right, as compared to just kind of showing off and being excited about... Like kind of nerding out about gear... #0:12:27.6# Kitty: I think it's like... Yeah, it's like nerding out and they think it's more of a threat than it is. I don't know. I think... I think it speaks to a desire for conflict that I don't personally have. I don't want to have to use my apartment complex to snipe people. I just don't want to do that. I just wanna be able to grow a garden using a discarded... Shoe organizer from the broken down Ross down the street. That's my type of prepping, rather than preparing for endless violence. #0:13:10.4# Margaret: Yeah, there's kind of a... I feel like one of the main myths or concepts that I'm trying to get across with this podcast... Not a myth I'm trying to get across this, prove that something is a myth, is the bunker mentality is the "I've got mine, fuck you" mentality, that is so common in prepping circles and it's... It's really off-putting because... I mean, even... Even from a pure self-interest point of view it just seems so dumb. So you hole up with your five closest friends in the middle of the woods during the apocalypse, and that's like all fine and good until your appendix bursts and you forget that you're not a surgeon and that your brother isn't a surgeon, you know? And... #0:13:56.0# Kitty: Well you just need more useful friends. #0:13:57.9# Margaret: Well, sure but... #0:13:58.7# Kitty: That's what I did. #0:13:59.2# Margaret: But what if you are the surgeon, right? And then your appendix bursts. #0:14:02.4# Kitty: Well, yeah. Then... Yeah. Then... Then... Well, then you just die. I mean, that's the thing. I think that they... They're so afraid of violence coming from other people that they don't... A, think of the violence that could happen amongst themselves which is kind of inevitable if you're locked in a bunker together. And there's... Especially if there's power dynamics in place and stress, then I feel like there's gonna be some abusive dynamics that come out of that. So if you're not prepared for that, it doesn't really matter how good your resources are. And there's... So that's just even within your unit, and then never mind if you're then expanding out to like... Do you know how to do literally everything in the world? Because you're probably going to help. It's the same as the idea about currency. Everyone's so keen on like... Oh yeah, make sure that you have currency. Make sure you silver buried in your yard. Like... What are you going to do with that, really? Like... I mean... It's cool, I guess. But unless you're going to use that as a brick... I don't understand. #0:15:12.3# Margaret: Well I guess it gets into... In some ways, I think the apocalypse... People who think too much about the apocalypse, whether on they're on the left or on the right, or just bored centrists or moderates or whatever, I think that people are thinking about and imagining clean slates and imagining about how they would like to act and what kind of societies they would like to create, what kind of dynamics they'd like to create. So it's really easy for someone who, say of a libertarian mindset, to be like "Well, of course gold is what matters because we're all going to trade resources. There's definitely going to be market economics after the apocalypse because we're going to institute market... Economics. And then maybe like... Those of us that are like, "Wow, the market's a dumb thing and isn't really particularly interesting to me at all." Like, yeah I have a really hard time imagining that I'm going to be doing much... Even bartering after the apocalypse. Like, I'm... I'm either like rolling with people and sharing shit or I'm keeping shit to myself but like... I'm not gonna be like, "Well, these three bullets are worth that tourniquet," or whatever, you know? At least that's my conception of it. That's when... When I like to imagine the end of the world, which is not actually something I like imagining anymore, but I'm imagining something that is closer to the ideological interest that I have. Which is maybe a fault of mine, maybe that's a blind spot of mine. #0:16:39.5# Kitty: Well, I don't think that's... I don't think it's necessarily a fault. I mean, like one thing that I think when... You know, I have a group friends that we talk about this stuff a lot amongst ourselves. Especially because we're within bicycling distance from each other, so we're sort of like, "Okay, if there is an emergency, we're pretty sure that we could get to each other." But we all have... Slightly different ideas of what we would like to see happen which means we also have a different... Like different ideals and different areas of expertise. And I think that that is actually super helpful. I don't know that I would want to be in a group that everybody thinks the same way, as long as you think cooperatively versus competitively. And for me that's what's important. I don't really care how we get to cooperative instead of competitive, but that's what I want. #0:17:33.5# Margaret: Yeah, that makes sense. So, look, I want to talk more about... Okay, one of the things I really like about prepping in general is that it can be very practical. It's not, it's... Obviously a lot of it is not practical at all. But like... But to take this conversation practically for a minute... Like, what you do... Not necessarily... Both in terms of things that you keep around, but also what are your plans? You talked about bicycling to meet up with your friends. What is... What kind of preparedness do you personally practice? #0:18:05.4# Kitty: So my boyfriend and I talk a lot about what our plans are. Pretty much every three months or so. And we're mostly... And ust to give some context, we're mostly prepping for an earthquake, for a big earthquake, because that's the most likely thing to happen here. I guess there's some possibilities that will end up having a bunch of neo-nazis coming and terrorizing us but I think they've gotten tired of Berkeley and have moved to Portland instead so... We're probably fine for now. So we talk a little bit about what are the risks that are current, what are the resources that are currently around? Maybe... We've been talking about creating a map, like actually getting a map and write, marking down important things that we might want to know where they are when you don't have Google Maps for example. So stuff like that is really important. Like the sort of... Preparing... For immediate needs and also for where you are going to be able to get resources. What area is around that could conceivably be turned into a garden if need be. Which we're actually lucky, we have a park really close by. And we also make a point to know our neighbors. Both our housed and houseless neighbors. So having good relationships with them is really helpful and like giving them ideas of how to be prepared so that we're not overwhelming ourselves trying to take care of them as well as ourselves. So you're trying to match up add the younger folks with older folks or able-bodied folks with people with disabilities so that way there's... It's easier for people to mobilize and so that we know who in our area is going to need help. So that's some of the community planning stuff that's not even focused on my group of hyper-focused friends but just making my environment less chaotic. And so that's sort of like... And again, like a garden, it takes some pruning and some cultivating and a little bit of upkeep but I feel reasonably confident that my neighbors are going to be able to handle themselves. Which is my first big concern because then I can start worrying about things like, what do I personally actually need? One thing that is kind of difficult, I live in an apartment and we don't have a huge amount of space. So I can't have buckets and buckets of freeze-dried food. We do tend to have a lot of canned food, we do tend to have a lot of nuts and dried fruit and stuff like that around so that helps a little bit. It makes it easier for us to find stuff in rubble that we can eat. We also have a... A dresser that we put our prepper stuff in and it's sorted with medic supplies in the first two drawers because that's sort of my specialty... That's my area focus. And then we have sort of more general supplies, so that's where we have LifeStraws and we have bandanas and we have masks for filtering out smoke or disease. We have lots and lots of gloves, we have... Water filtering tablets, we have a bunch different kinds of fire starters. So we sort of put together a compendium of things that we felt would be useful. And then what's probably the least practical thing is my... In the main living room I have a hatchet, I have a walking stick, I have my camping stuff. So it's not all condensed in one place but I have... I do have a spare tent at my partner's house and I have a medic bag. A fully packed medic go-bag that I take to protests in the trunk of my car. So that way I can... I have one medic bag in the house, I have one in the car, and I usually have one at my partner's house. Sometimes I have one at my local bar too but that's the one that usually get used if I go to a protest 'cause that's near downtown. But just having pockets stuff... And then I have a storage unit downtown as well. So I figured it might be more difficult to get into my storage unit but at least it's underground and that would be not a bad place to have some stuff that I don't need immediately but might want down the line, yeah. So... But it's sort of a pack rat... Pack ratty, squirrel type prepping. Of burying little caches... #0:23:27.8# Margaret: I'm impressed because you're... Yeah, you're managing to successfully do in an urban environment what... Well... Something I associate more with the rural environments of... You know, one of the things that I was realizing... #0:23:41.1# Kitty: It's harder. It's harder, but it's only harder if you care about being the only person who can get to it. And I don't really care so much about that. I just wanna have access to it. I'm... Because, for me, I'm someone who... I saw a guy on a scooter get hit by car. I was so glad I had that medic kit on me so that I could actually help him out. And immediately help him out. I'm so glad I had that expertise. So... And actually that's one thing that I also have is a first aid book because, again, I don't know how to do everything. But if I have a book, I can probably figure out how to do most things safely. So... #0:24:26.7# Margaret: What's the book? #0:24:29.4# Kitty: It's an old field manual medic guide, I forget what era. But I prefer to try to go for stuff that's military because... Or serious environmental wilderness strategy guides because then they're not focused on you having access to a full hospital. It's not ideal conditions. Sometimes first aid advice is like, "Oh well just call an ambulance" and it's like well that's not really practical in the sort of situations I'm preparing for so I prefer to look at older stuff. And then take newer knowledge and pack that on top. But knowing how to do some of these things when you don't have electricity, a lot of modern medicine depends on electricity, depends on you having access to different kinds of medications and solutions that might not have. So I think it's kind of... I don't... Until I have to do it in practice I don't know how useful it actually will be. But I'm interested in learning how have people prevented disease... In wartime, in... A forest in the middle of nowhere versus what you you would get trained necessarily if you're getting CPR training for your work. #0:26:08.8# Margaret: Have you taken the wilderness first responder course or anything like that? #0:26:12.4# Kitty: I want to so badly. I'm hoping that I can save up for it or have somebody gift it to me. But that is on my list of, oh my god I would... That be so dreamy. But... I really... I just also am just also am obsessed with medical stuff. I guess that's... That's one thing I would really recommend for people curious about prepping. I would say while it is nice to be able to have information about a bunch of different areas, find the thing that you're really interested and nerd out on that. One of my friends is really, really into finding plants and urban foraging. So that's her area of expertise. It's like, oh, she can tell you every plant you can eat within two miles of your house. And that would be really useful, it's not necessarily something that my brain can hold onto... As easily as medicine stuff. My partner is really good with weapons and... Building shelters. It's not really my area so it's nice to have somebody who can teach me just enough but also has a lot more expertise. #0:27:29.4# Margaret: Yeah, that's something that I... I think about a lot in terms of even just the world I wanna live in. I'm really excited about the idea where we... Instead of having a generalism versus specialization kind of argument, it's another bullshit false dichotomy, probably we should all as much as we can generalize as broadly as we can and then pick the things that stand out to us to specialize in. Like, I don't need to know how to do surgery but I should probably know first... Literal first aid. Like first response... Like there have been a number times in my life where I've... I'm incredibly squeamish, I hate medical things, I hate thinking about it the way that like... Like someone showed me how to use a tourniquet and... You know, I disassociated in order to learn. Because the concept of thinking about like... Arterial bleeding doesn't work for me. But I know that I need to know how to do that so I learn pretty much by disassociating and then kind of when things happen I like disassociate again and then deal with it. #0:28:34.6# Kitty: Yeah, I mean there's some practicality to that. When I was doing medical work at protests I really underestimated how traumatized I was until months later... When I was like, "Wow, I just didn't have feelings for a while." It's a lot and I'm... I love... See, I'm not squeamish at all about that stuff but I'm impatient so like building structures is not my thing. It's like, I could learn how to do it but I don't even put up the tent when I go camping if I can avoid it. So... Knowing that I have a good solid group of people around me who are really excited to do that stuff allows us to do the thing we're excited about but also in case something happens to that person, we know how to do it we just don't like it. #0:29:26.1# Margaret: Yeah. Or at least have a... Can do a rougher version of it, you know? Can do a... I had a... I was just talking to a friend about all of this. I actually don't remember if it's... I'm recordings these interviews out of order from how they're going to play. So I was talking to a friend of mine who's a... A medical professional and he was talking about how in a crisis situation if you have two people, maybe what you want is a nurse and a world class generalist, you know? As like the two people that you need. #0:29:58.8# Kitty: Pretty much. I think having a medic... Like I think everyone should have basic medical training, just basic shit, because that way anybody can do an emergency... Like, okay, "I can put gauze on this and stop the bleeding." That's what I need from people. And every time I go to a protest, people are asking what they could do to help and I'm like, "Just do that. Just do that, only." And help people with sprained ankles and keep them hydrated. 'Cause if you can do all of that then I can focus on stitching someone's head together. That's what I need to be able to be focused on because I'm not the squeamish one. So... Yeah, I think that helps a lot. Also coming up with things for you to do, that gets ignored a lot on prepper forums. At least the ones I've been on. They talk a lot about like, you know, "Okay, you've gotta have all of this foraging skills and you gotta have shelter building and you gotta have all these supplies in order to make all of this stuff," but there are no downtime options. And you're gonna have downtime sometimes. Like you're gonna get sick eventually, if nothing else. So make sure you have stuff to keep your mind busy during those times. 'Cause watching "Alone" for example, I don't know if you've ever seen that one but they put these people by themselves in the middle of the... Was it Canadian wilderness I think for at least the first couple of seasons? And they have to do everything from scratch. They have some supplies on them and a good supply list. But they have to pick like... 1 of 10 items, or 10 different items out of a list of like... pre-approved 50 different things they can have. So have to do a lot of stuff by themselves. And almost every single time the thing that gets to them is just a lack of food and boredom. And if they can keep themselves busy, somehow, like making music or making art or building... Like adding decorations to their shelter, then the fact that they're hungry doesn't bother them so much. But if they don't have anything like that, they're not creative in any way, then the fact that they're hungry literally gnaws away at their brain. So I just think that's a really interesting aspect... Like thinking a lot about mental health in an emergency scenario because I think that gets ignored with a lot of right-wing prepping forums and stuff like that. #0:32:53.6# Margaret: Yeah. Yeah I wonder what... I feel like there's just the deck of card, is what's written about in all the things. #0:33:03.3# Kitty: Yeah, it's always recommended. Always have a deck of cards. #0:33:05.8# Margaret: Which is like... You can tell that they wrote that in the 50's or whatever, you know? #0:33:10.1# Kitty: Right, in that... Part of it's gonna be like, "Oh, like for gambling in order to entertain yourself if... Gambling with the no money that you have. I don't know. It's just... I would much prefer to have... I don't know, Codenames or something. Endless replayability. #0:33:31.2# Margaret: Yeah, I feel like there's a... #0:33:32.1# Kitty: I mean, but... #0:33:32.8# Margaret: Go ahead. #0:33:32.8# Kitty: Let's be honest, I'd be playing Dungeons & Dragons. In my tracker tent as an actual ranger. Playing Dungeons & Dragons. #0:33:45.2# Margaret: You wouldn't play... What's the opposite of it? The dragons play, they play... Humans and Houses? #0:33:51.3# Kitty: Oh, yeah, maybe that too. I don't know, mix them up. Mix them together. #0:33:56.3# Margaret: You'd have roleplaying about what would you do if apartments still existed or whatever? #0:34:00.4# Kitty: Yeah. #0:34:02.7# Margaret: I think that... #0:34:03.3# Kitty: I mean, I guess I don't... I'm not that scared of that. It would be uncomfortable and I'd probably hate it a lot. I'm a house cat. But, you know, I'm not that worried about it either. And I think part of it is because I just made being prepared, knowing where my go-bag is at all times just part of my day-to-day existence. So it's just muscle memory at this point. #0:34:32.8# Margaret: Yeah. Earlier in our pre-conversation, when we talked about what we might talk about, one of the things you brought up is the ableism that exists in a lot of prepping conversations and I was wondering if you wanted to talk more about that. #0:34:46.0# Kitty: Yeah, so I noticed that a lot of discussions on what your go-plan is involves being able to walk long distances. Presumably because they figure walking a long enough distance would get you to area of wilderness, that they feel would be more suitable. I... That is really impractical for a large number of people. People with small children are going to struggle with that. Elderly people are going to struggle with that. People with disabilities are going to struggle with that. Some people with disabilities aren't going to be able to do that. It won't even be just a struggle, it's just impossible. So I think the... We need more diverse resources and we need to talk seriously about how to make this accessible for people who aren't in their... Super hyper fit, in their 30's, ready to charge over a mountain. And in the bay area you could you could walk for eight hours and I don't know that you would find a bit of wilderness... So I don't think that's necessarily the most practical option for all people. #0:36:08.7# Margaret: it's funny to me that all this stuff about going to the wilderness because I live in... Not the wilderness but I very rurally. I live in a house that I built at the end of a... Beyond the end of a gravel road like every stupid stick of my fucking cabin I had to carry up a hill on my back. I actually started building it with a chronic injury and then managed to... Physical therapy my way... This isn't a... Statement about ableism, just the weird stupid shit of building this fucking cabin I live in. #0:36:40.6# Kitty: But looks really cool. #0:36:43.0# Margaret: But there's... Thanks, yeah, no I'm really proud of it and it's funny because actually it's a brilliant place to live during civilization. But if there were some kind of crisis, I would probably get my to-go bag or my car presumably but let's pretend like that's not an option for whatever reason, and I would walk to the city. Because the city is where people are and that is where we can keep each other safe. I think people have this conception of... That people are a danger and that's true, people are dangerous, right? But the wilderness is really fucking dangerous too. And... #0:37:23.7# Kitty: People really underestimate how dangerous the wilderness is. They underestimate how cold it is. The cold will kill you, the wet will kill you. #0:37:34.4# Margaret: Yeah and so getting to... I don't know for certain, it would really depend on the threat, but I would presumably go to a place of higher population so that we collectively can figure out what the fuck to do. And maybe the fact that I have access to certain resources by living on land can become useful to people. And that would be my hope. I could easily imagine a situation where you have, as part of your prepping, you would have... The rural... With rural living access to space. You don't necessarily have access to anything else but you often have access to space and... So you can store tractors and you can store strange devices... Like devices that have very odd and specialized purposes for building or something like that. But then again, the thing I'm slowly learning is that cities have all of those things too. It's just that not necessarily each individual is going to own them. Because not everyone lives on a farm. #0:38:36.4# Kitty: Right. The city owns it or the government owns it. But yeah, there's plenty of parking lots. #0:38:42.5# Margaret: Yeah, that's true. #0:38:45.8# Kitty: So... Yeah. I mean, like... Oh, god. I'm trying to remember what the name of the show was. So I... I watch a lot of prepping and wilderness survival based shows. Somewhat to remind myself that nature is dangerous and also because I find them very amusing. And there was one that was... It wasn't entirely clear if it was a reality show or if it was scripted or both. Pretty sure it was both, but they were in LA. And I forget what they had decided ... The LA one I don't think it was a disease. They had a different calamity happen each season. And in the first season they had a good variety of people. They had several mechanics, they had a couple of nurses and doctors. They had martial arts teachers. So they had a good cross-section of people. And they did decently well surviving in a big warehouse in LA and came up with some incredibly inventive weapons and things. I remember they created a flame thrower out of bits of an old car which was stunning to watch. But then the second season they were in New Orleans, in some of the areas that have been devastated by Katrina. And they had underestimated how swampy it was and how hard it was going to be to get food and how there were tons of snakes and alligators that we're going to kill you. And also that one had a disease element so every once in a while someone would get claimed by a contagious disease and they would just start disappearing. But the thing that really got to them I think is that they didn't have a very diverse group of people. They had a lot of schoolteachers and artists and that's great, that's important stuff, but if they don't have any trade skills as well, they're gonna drop like flies. So it's really important to take your creative energies and learn how to do something that can embrace that but also has a living purpose. #0:41:12.1# Margaret: Yeah. Yeah, as a generalist I think about that where most of my skills are graphic design and audio which is great when you want to start a podcast, if you have been doing electronic music for twenty years or whatever, you know? But I think I've really consciously been working on developing my skills that are not only on a computer, you know? For kind of this purpose. #0:41:39.1# Kitty: Well, hey. Electronic music and audio says to me, making ham radios. Practical and useful. There's always something there, it's just like finding what those things are. Though I will say this, the first season in the warehouse in LA they had a big issue with masculinity. #0:42:04.7# Margaret: I only watched the second season. #0:42:05.4# Kitty: Everybody was... #0:42:06.9# Margaret: I watched the one where they all... #0:42:07.5# Kitty: The first one is great. It's like all these male mechanics shouting at each other about how to fix something better and then this female mechanic just goes and does it. #0:42:16.8# Margaret: Yeah, that sounds like a perfect metaphor. #0:42:19.1# Kitty: And then they when they all brag about how proud that they came up with this idea and she just rolls her eyes and you're just like, "Yup, that's how it would be pretty much." And that said to me a lot about mediation. Knowing how to mediate, knowing your own triggers. Like knowing your own mental health stuff so that you can then navigate other people's mental health stuff. That's also super important. And easy for anybody to do. #0:42:44.9# Margaret: Yeah, yeah I think knowing different organization models. Like I think knowledge and facilitation is a really important skill. I think people basically pick whichever organizational model seems to be practical when the existing larger structure goes away. And I've been in spaces where we haven't been sure how we're going to organize ourselves and I'm surrounded by a bunch of non-anarchists and then I'm like, "Well here's this model where we're all equals but we still actually figure things out." And it just works as compared to I'm pretty sure if someone had been like, "Here's the model, I'm pretty much in charge." And maybe it'll be like some veneer of democracy where he'll be like, and I'm just going to use 'he' for this imaginary patriarch... #0:43:28.5# Kitty: I wonder why. #0:43:29.7# Margaret: He'll be like, "I'm in charge and the we can have a little vote about that if we wanna prove that I'm in charge," you know? And everyone will be like, "Well, he's the one who is offering to get shit done." And what... Of course what people fail to realize is that's like... We get shit done, collectively. Whether it's collectively we do it and someone is taking the credit by being up top, you know? Or whether we do it... So that's one of the things that I think about with prepping. How to... And I think that's maybe one of the things that right-wing preppers are afraid of is they're like... They don't have... The only people skills that they know is this hierarchical system. Well, I guess there's plenty of leftists who also only seem to know hierarchical systems. But... #0:44:13.2# Kitty: I mean it's a pretty... It's a pretty common system. That's why... That's why I kind of enjoy the, everybody gets to be an expert in their own thing so that nobody is super... Nobody can be too pleased with themselves. Keeps everybody humble, I think. #0:44:34.3# Margaret: Yeah. So the one other main question that I... Or thing that I kinda wanna hash out with you for this which is probably gonna be the first episode, everyone who's listening will know whether or not it's the first episode. It will be very embarrassing if this is the seventeenth episode, but... Maybe talk about different threat models. That's... How we we determine what we need, of course, is dependent on what we think is likely to happen and as there's no one-size-fits all. And so you say the primary threat model that you're working with is a natural disaster. Do you want to talk about that or do you want to talk about other threat models or... #0:45:12.8# Kitty: Sure. Well, I think... Okay, a great example is the things that I want for a earthquake is not necessarily what I would want in a tsunami, right? Those are very different natural disasters. As somebody who grew up in hurricane country-ish, you know, it was just really really wet. And having a dust mask would not have helped me in any way. But I would be at much more risk of getting trench foot so that would be like, waterpreoof boots would be way more important. So some of it's knowing your environment and being aware of what your environmental concerns ar. Like living in a city, asbestos is a big fundamental concern. So having dust masks is really important. I feel like I read once that most deaths aren't... In an earthquake, come from inhaling the debris. And that... That causes some of the worst injuries because there's just all of this dust everywhere and... I know that was definitely true with the fires. A lot of people have... Still have some... Some still have breathing problems now from the various fires that were going on in Northern California. So knowing what you need to be concerned about. Like with earthquakes, knowing that the roads might not be super useful to drive on. So having alternative plans for that knowing where your bike paths are. Knowing... If you have a wheelchair for example, maybe thinking of a way to add some tread on your wheelchair might be a practical option. I have a beach cruiser. It's not a racing bike by any means but it's heavy and it's easy to find the parts. And it's really easy to fix myself, that's why I chose that. So thinking about what you can actually do, I think is helpful in figuring out your... Your strategy. I know that I don't know enough about my car to be able to completely dismantle it. However, I do know somebody who does know enough about my car to do that. So I can bike to him and then have him do that. So coming up with those kind of like, "Okay, if this then this, if this then this" strategies helps me at least, I have a very ADHD brain. It helps me have a... A process to go through. Now in California, earthquakes are a big concern especially in this area but fire is also a big concern. And the way I would prepare for a fire versus an earthquake, I would be more concerned about my paperwork disappearing in a fire than an earthquake. Though to be completely honest I'm not that fussed about my paperwork in general. I don't think getting rid of paperwork is the worst plan. But that's not what the government wants to hear from me. So I have... I have some paperwork in a folder that's easy to access if I need to grab something go because my apartment is burning but I wouldn't be as... I wouldn't care much about that if it was an earthquake because in my consideration there would will be enough of a drastic interruption in services for an earthquake that I don't think that that would be an immediate need. #0:49:16.3# Margaret: Yeah and you wouldn't certainly be the only one who has lost their paperwork. 
#0:49:20.4# Kitty: Right, exactly. Exactly. And again, I think that we use paperwork as a penalty for so many people that... Maybe mucking up that system a little bit is a convenient little thing I can do on the side. So I... Yeah, I guess... And all of that is completely separate from thinking of having invaders come and try to take my apartment away from me or something. That... I usually strategise for that by thinking about what my plan are if the cops get even more out of control. #0:50:02.9# Margaret: Right. Like fascist takeovers is on my... On my threat model list, you know? #0:50:08.9# Kitty: Yeah, yeah, totally. And you know... The cops have been pretty shitty around here for quite a while, so... You know, it's been a slowly increasing... Plan. But I mean... For me, I'm not interested in trying to shoot my way through the cops. I have no problem with people who that is their plan, I think it's great that there are people who are inclined that way, but I'm gonna go full rogue. I'm sneaky. I'm going to go to the sewers. I'm not as... I'm not as interested in that kind of direct conflict. So my model for that... Or like my managements for that would be really, really different from natural disasters. And I kind of feel like that are all the things that might actually happen. I mean, I guess a meteor could hit but... Eh. The prepping I do for every other disaster would be fine for that probably. Or I'd be dead. And wouldn't care. So... How about you? What are your... What's your threat model? #0:51:23.0# Margaret: So I live on a floodplain. It's not supposed to be a floodplain but global warming has made it a floodplain. And the mountains... When I first moved to the mountains, I grew up in the foothills, and when I moved into the mountains it... It kind of blew my mind that flooding is a problem because in my mind I'm like, "Well, everything is high up" and actually flooding is at least as much of a problem in... Well, the flooding is a problem in a lot different places, you know hurricanes cause floods, but flash floods in the mountains are very real especially in an era of mountaintop removal mining. which is not immediate thing immediately around me but it certainly affects places within a couple hours of where I live in Appalachia. But, you know, storms... Like the weather patterns are just changing dramatically and by living in rurally I'm not as defended against that in some ways because there's not a large crew of people working to try and figure out how to make sure that the little place that I live is... Is safe. And so we have to do it to whatever... Because you're not supposed to mess with of waterways, we have to do it through the state and all that, but in the meantime our land floods. And so... It flooded a couple days ago and I had to go out and try and prevent it from getting worse through whatever means. And... And I actually had this moment, you're talking about paperwork, I started walking into this flood with my wallet in my pocket. And then eventually realized that that was a bad idea. My wallet does not need to be in my pocket. I'm not going to get asked for my papers or need to purchase anything while I'm walking into this flood and... And so it's a... So natural disaster is like the top... Climate change affecting everything is my top threat model where I live. But fascist takeover is on there and fascist takeover... Is a really different set of problems. #0:53:42.9# Kitty: Yeah. And it's different kind of... #0:53:43.8# Margaret: And a lot of it still comes down to knowing your neighbors. #0:53:46.1# Kitty: It's a different set of prepping as well. It's a totally different set skills. #0:53:50.8# Margaret: Yeah. And I mean there's... And one of the things I was thinking about is... The thing I was really... That I realized, a lot of my... I've spent a lot of my life living outdoors. I was a traveling anarchist living out of a backpack, and I was a forest defender and was a squatter and I lived in a van, and now I live in a cabin. Almost half my life I've lived out... Off grid, essentially. And I was thinking how when in February I'm waist and sometimes chest deep in water, I was thinking how glad I am that just kind of by default prefer certain types of practical clothes. It's funny 'cause I... Most of the time... I built my house wearing a dress. But when I'm like, "Okay it's rainy," and I put my puffy vest and my waders, my muck boots, and wool socks. And I wasn't nearly as concerned about hypothermia, which is a major problem in floods especially in February, just because I wasn't wearing much cotton. And it's funny like because I never think about my outdoors skills. Like how to start a fire with tinder and flint and steel and all that. That's not... I don't really see a version of the world where I'm living in the woods alone and hunting squirrels and whatever the fuck, you know? But there are gonna be moments where I might be like... Needing to not get hypothermia while I'm trying to clear up a dam that's forming or whatever. #0:55:26.9# Kitty: Yeah, yeah. Two pairs of wool socks should be on everyone's list in their go bag for sure. #0:55:34.3# Margaret: Yeah, I keep a second vest... #0:55:35.7# Kitty: And the more wool clothing you have the better. #0:55:39.4# Margaret: But what's funny is than I was thinking that through when you're talking about fires, I was thinking about California, I was like... Well, actually the same clothes that are really good in flood and maybe a tsunami are not good in fire. You don't want to wear synthetic in a fire situation. So... But over all... #0:56:00.1# Kitty: But you actually do wanna wear cotton. #0:56:02.6# Margaret: Yeah. Yeah... #0:56:05.0# Kitty: I remember I used to... I used to blacksmith with my dad and he would be like, "What are you wearing? That's really impractical for this." I'm like, "It's fine. It's cotton, it'll just roll right off. You can't catch fire in cotton." He was like, "That's not really true... But it's more true, I guess." #0:56:22.2# Margaret: It's better than polyester. #0:56:24.0# Kitty: Yes, certainly, yes. #0:56:25.3# Margaret: It's not going to melt into your skin. #0:56:27.9# Kitty: I have melted through so many skirts with some prep butts for sure. And I'm sort of learning at this point that that's... That's a concern. But yeah, I mean that's definitely an area of my prepping that I need to be better about. Is just having practical clothes. I don't have that much in the way of practical clothes that can fold up really small and actually keep me warm or keep me cool. #0:56:59.3# Margaret: Yeah. But sometimes people over... Overestimate the importance of this. I've definitely gone hiking in maxi skirts all time. And every time I go hiking with someone new in a maxi skirt they're like, "Margaret, do you wanna wear that?" And I'm like, "Are you fucking kidding me, I've been hiking in these skirts for the past fifteen years I know what the fuck I'm doing." Yeah, they might get caught and rip on things but whatever, you know? So there's a... There's a... I'm suddenly defensive about like, "Oh no, you don't need practical clothes." I don't know, maybe... Maybe we all need practical clothes. But maybe sometimes... #0:57:31.7# Kitty: You definitely need socks and I would recommend more than one pair of underwear. Probably cotton just for... #0:57:38.9# Margaret: But that's, yeah... #0:57:39.2# Kitty: Keeping your genitals fresh. But other then that... You can figure it out. I mean... But also clothes are not exactly in short supply either. There's a lot of trash fashion that we can pad up to make something acceptable. #0:58:01.8# Margaret: Well, in a lot of disaster areas people gather clothes to bring there and all the people there are like, "Why did you bring us fucking clothes. Bring us fucking clean water. What you doing?" #0:58:12.6# Kitty: Well they're bringing clothes because you can't burn them in India or China anymore, right? So it's like, "Oh, we'll give it to poor people." #0:58:22.1# Margaret: That way we get to feel better and clean out our closet, yeah #0:58:25.7# Kitty: Yup. I mean it's just... I guess that's another... That another threat, is just being buried under stuff. Just trash. Just being slowly buried alive under trash. #0:58:39.4# Margaret: Well that's the... That's the status quo problem, right? There's... If the world doesn't end and it keeps going the way it goes that's also kind of horrible. #0:58:49.7# Kitty: Yeah, yeah. Well, I guess actually another threat model that I think a lot about is disease. Disease is definitely a big concern. We... I live in a city where everyone is on top each other. So... A disease can spread incredibly quickly. I remembered there was a person who went to Berkeley Bowl who had the measles or something and they just quarantined Berkeley bowl. And I was like, "I'm not leaving the house for two weeks, just in case, who knows?" And that's even with having a vaccine. It's just... Knowing that when the electricity fails a lot of things like vaccines are going to become a lot more difficult, if not impossible... #0:59:43.0# Margaret: To acquire or whatever? #0:59:45.1# Kitty: And then... And then it's... Yeah, to acquire, keep them cold. To refrigerate medications, that's not going to be possible. So figuring out that is also something I try to be somewhat aware of. Having alternatives to medication, having alternatives to street drugs also. So knowing about... Knowing how to use Narcan. Knowing a little about... I don't even know how to pronounce that, I've only seen it read... Kratom? #1:00:23.5# Margaret: Kratom I think. #1:00:25.6# Kitty: Yeah, so that has been used by a bunch of my friends when they've been withdrawing from opiates. So having stuff that could work as an alternate... I've always packed some pot in my medic bag even though I don't smoke pot. Because it's so useful for so many different things... That it's worth just having it in there. And that's something that could be a real problem. A bunch of people withdrawing at once... Is a huge problem. A bunch of people getting sick at once is a huge problem. So having alternatives for that stuff is something that I'm looking a lot more into. #1:01:13.4# Margaret: Yeah, that's interesting that... I haven't thought about that. #1:01:16.3# Kitty: And that's what... #1:01:16.3# Margaret: The... Specifically withdrawing. #1:01:18.6# Kitty: That's just really something right-wing people don't think about that. I've noticed this. They're afraid of... Sorry, I forget the actual terminology, again ADHD brain, and I tend to call things... Like I called bars alcohol restaurants, that's just... How my brain works. But there's some doomsday thing that a lot of people are hype on... #1:01:39.4# Margaret: Coronavirus? #1:01:41.8# Kitty: About... No, no, no. I wish it was that, that would make much sense but no. They're just being racist and frantic about that while not thinking about the flu which kills a lot more people. But anyway... No. It's the... It's like a solar flare is going to knock out all of our electricity? #1:02:02.9# Margaret: Oh, 'cause then it'll EMP us or whatever? #1:02:05.4# Kitty: That's the one, yes. There's so many of them who are so focused on that but then they don't think about disease at all. And that just blows my mind because disease is way more likely. #1:02:19.9# Margaret: Yeah, people are bad at threat modeling. #1:02:21.0# Kitty: Within our lifetime we've seen multiple plagues. #1:02:25.0# Margaret: Yeah. I mean it's... #1:02:27.7# Kitty: It's just really surprising. #1:02:29.7# Margaret: I think some of it is about... I mean most of it's that people are bad at threat modeling. But I think some of it is like people... Enjoy certain types of threats. Like preparing for certain types of threats more than others. And also probably enjoy preparing like... For something that makes them feel like they have more agency instead of less agency, you know? If you're someone who... All of your skills are about non-electric things you can be really excited about the power grid going down. But I don't know. #1:03:02.8# Kitty: But I mean... That is... That is another area to think about when it comes to ableism, for example. A lot of diabetics aren't going to be able to get access to their medication. So figuring out how do you deal with that. And I don't think there... I don't know that I have answer to that, I don't know that anybody does. While that's for certain something that I would want to... Know more about. #1:03:28.0# Margaret: I think that's why we have to not... It's why the end of the world is bad. Like disaster is actually a really bad thing. Like people clearly get kind of hooked on it, right, because they suddenly have agency in their lives and they... You know, and... Everything I've ever read or talk to people about, like suicide goes down, like psychotic breaks go down, things like that during crisis. And it's... But it's still, at the end of the day, something that if we can avert it we should. And that's actually why... As much as climate change is going to affect things, there are going to be disasters, there's going to be interruptions in our society, if there's ways we can find to make sure that that doesn't kill so many people or ruin so many lives... Even if it ruins economic systems, maybe, you know... And of course as an anarchist I say this, maybe the solution is to ruin the existing economic system. Although ideally by transferring it over to a system that... You know... So that we still have access to the... The things we need in the meantime. Which is actually, it gets... I'm almost done with this rant. The whole... There's a threat that the whole like... There's a Durruti quote where during the Spanish Civil War... Someone asks him, "Well, what about all the destruction of this revolution?" And he's like, "Well, we're workers, we're not afraid of ruins. Why would we be afraid of ruins, we're the ones who built this city, we can build again." And I think about... Often people are like, well, and this is a tangent 'cause now I'm talking about anarchist society, people are like, "In an anarchist society, how would you have antibiotics?" I'd be like "Well, I don't know, how do we fucking have them now? We'll do that. Or maybe a different way, I don't know." And there's still people in the apocalypse, right? There's still a ton of people in disaster and we all know how to do stuff. And so even if like the electrical grid dies, that doesn't mean there's no power. It doesn't mean there's no hospital, even, you know? There's... Like even... We can... Fix these things and do these things and some of those are already prepared for that. #1:05:43.8# Kitty: Yeah. And I mean... And I think... I guess I would say that while it's good to be prepared, I also think it's important not to psyche yourself out. I think it's important to... Not get too excited about it. Because the fact is a lot of people, a lot of black and brown people especially, disabled people especially, will die. In any kind of disaster that you would want to prep for. That's just... That's how we structured our society and that is going to happen. So I think that that is something to be aware of before getting too thrilled about... The end of the world, right? So that you're kinda saying some really fucked up stuff at the same time. And frankly I don't know that I would survive a disaster like that. But I do know that I don't think I could do it by myself. I do think I could do it with community. And I think that that's why I'm so focus on community and mutual aid. I read A Paradise Built In Hell and it's this really interesting book that looks at different disasters and kind of has that... Isn't it interesting how a disaster happens and people come together and help each other even when everything has gone shit. And how... I think this was kinda the intention of the author of this book but she does seem to point out a lot... Isn't it also interesting how often the government steps in and tells them to stop doing that? So no, that is not okay. And will actually murder people to prevent them from helping each other. And I think that... That's something I'd consider as sort of a secondary threat model is... The government trying to prevent people from actually doing okay without them. It's like an ultimate abusive relationship. And figuring out how to deal with that... When you're being funneled into resources that are not ready to handle them. Yeah, so I mean, you know, it's a lot. #1:08:25.9# Margaret: Well this is a... This is a really good... This is going to be the first episode and... So I think we've covered a lot of... Thanks for helping me kind of... Almost like set up what this show will hopefully drill down more about and yeah, thanks so much for... Talking to me about all this stuff today. #1:08:46.8# Kitty: Yeah, thanks for having me. I'm glad we could kind of work out... Sort of, here's all of the issues for... Here's a selection of all of the issues. But wait, there's more. #1:08:58.8# Margaret: Yeah, no, exactly. #1:08:59.1# Kitty: I'm looking forward to seeing the series. It should be pretty cool. #1:09:03.7# Margaret: Cool. Alright, well... Thank you so much. #1:09:06.5# Kitty: Thank you. #1:09:08.0# (Musical transition) #1:09:11.7# Margaret: Thanks for listening to the first ever episode of Live Like The World Is Dying. If you enjoyed the podcast, please tell your friends. Tell iTunes, tell Apple podcasts, tell whatever platform you get your podcasts on that you liked the podcast by subscribing, by reviewing it, by rating it and all of those things. It actually makes a huge difference and I think it'll especially a huge difference for the first couple episodes of a podcast. If you'd like to see this podcast continue, you can support me on Patreon. I... I make most of my living through my Patreon which allows me to spend my time creating content and I'm wildly, wildly grateful that that's something that I get to do with my life. In particular, I would like to thank Chris and Nora and Hoss the dog, Willow, Kirk, Natalie, and Sam. Y'all really make this possible and I can't thank you enough. Alright, thanks so much. And join us next time. #1:10:10.0# (Outroductory music) This podcast is powered by Pinecast. Try Pinecast for free, forever, no credit card required. If you decide to upgrade, use coupon code r-69f62d for 40% off for 4 months, and support Live Like the World is Dying.

    Moody's Talks - Inside Economics
    “Fed” Up with the Jobs Report

    Moody's Talks - Inside Economics

    Play Episode Listen Later Jan 9, 2026 73:22


    Jon Hilsenrath, former journalist at the Wall Street Journal, joins the Inside Economics crew to discuss the December jobs report and the Fed. The team breaks down the latest employment data and debates whether the report is “fine” or “anemic”. The focus then shifts to the Fed for a wide-ranging conversation about where interest rates are headed and whether Fed independence is in doubt. Jon argues that independence is already compromised and likely to get worse. Guests: John Hilsenrath and Dante DeAntonio, Senior Director of Economic Research, Moody's AnalyticsHosts: Mark Zandi – Chief Economist, Moody's Analytics, Cris deRitis – Deputy Chief Economist, Moody's Analytics, and Marisa DiNatale – Senior Director - Head of Global Forecasting, Moody's AnalyticsFollow Mark Zandi on 'X' and BlueSky @MarkZandi, Cris deRitis on LinkedIn, and Marisa DiNatale on LinkedIn Questions or Comments, please email us at helpeconomy@moodys.com. We would love to hear from you. To stay informed and follow the insights of Moody's Analytics economists, visit Economic View. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

    On Investing
    The Markets React to Venezuela

    On Investing

    Play Episode Listen Later Jan 9, 2026 26:46


    In this episode, Liz Ann Sonders and Kathy Jones discuss the current state of the markets, focusing on the impact of global events, particularly military actions in Venezuela and how that might affect oil prices and the US economy. They delve into the bond market's response, the influence of retail traders, and the ongoing challenges in the US labor market. The discussion also covers the complexities of Venezuela's potential debt restructuring, the current implications of tariffs on the economy, and the importance of Fed policy and upcoming economic indicators.On Investing is an original podcast from Charles Schwab. For more on the show, visit schwab.com/OnInvesting. If you enjoy the show, please leave a rating or review on Apple Podcasts.Important DisclosuresThis material is intended for general informational and educational purposes only. This should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned are not suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decisions.All expressions of opinion are subject to change without notice in reaction to shifting market, economic or political conditions. Data contained herein from third party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed.Past performance is no guarantee of future results.Investing involves risk, including loss of principal.Performance may be affected by risks associated with non-diversification, including investments in specific countries or sectors. Additional risks may also include, but are not limited to, investments in foreign securities, especially emerging markets, real estate investment trusts (REITs), fixed income, municipal securities including state specific municipal securities, small capitalization securities and commodities. Each individual investor should consider these risks carefully before investing in a particular security or strategy.Currency trading is speculative, very volatile and not suitable for all investors.All names and market data shown above are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security.Forecasts contained herein are for illustrative purposes only, may be based upon proprietary research and are developed through analysis of historical public data.The policy analysis provided by Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.Indexes are unmanaged, do not incur management fees, costs, and expenses and cannot be invested in directly. For more information on indexes, please see schwab.com/indexdefinitions.(0126-VJ8P) Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

    Mixed Signals from Semafor Media
    Ryan Lizza on Olivia Nuzzi, RFK Jr, and the economics of modern media

    Mixed Signals from Semafor Media

    Play Episode Listen Later Jan 9, 2026 54:56


    Media veteran Ryan Lizza joins Mixed Signals for a raw, sprawling conversation about why he chose to publish an eight-part (and counting) Substack series responding to the most personal and public crisis of his career. Max and Ben press him on whether this was ever just a breakup story, why he believes the real scandal involves RFK Jr. and journalistic failures, and how Substack gave him the only viable way to tell the story in the first place. Lizza reflects on leaving Politico, burning bridges with legacy outlets, the cost of going public, and what this episode taught him about our changing media landscape. Sign up for Semafor Media's Sunday newsletter: https://www.semafor.com/newsletters/media  For more from Think with Google, check out ThinkwithGoogle.com. Find us on X: @semaforben, @maxwelltaniIf you have a tip or a comment, please email us mixedsignals@semafor.com

    Make Me Smart
    Venezuela and Trump's new Monroe Doctrine

    Make Me Smart

    Play Episode Listen Later Jan 8, 2026 23:11


    In the wake of U.S. military action in Venezuela, including the capture of the country's leader Nicolás Maduro, we're left with questions about what this moment could mean for the future of U.S. foreign policy and the global economy. On the show today, director of the Atlantic Council's Adrienne Arsht Latin America Center Jason Marczak joins Kimberly to explain why the Trump administration is shifting its focus back toward the Western Hemisphere, harkening back to the Monroe Doctrine. Plus, what it would take to revitalize Venezuela's economy. Here's everything we talked about today:"Experts react: The US just captured Maduro. What's next for Venezuela and the region?" from the Atlantic Council"Donald Trump asserts control over Venezuela—and all the Americas" from The Economist"For Big Oil, Venezuela's reserves show long-term promise" from Marketplace  "What Is the Monroe Doctrine, and How Is Trump Reasserting It?" from Time"Dispatches from Venezuela: Red roofs and the new ogling" from MarketplaceJoin us tomorrow for “Economics on Tap.” The YouTube livestream starts at 3:30 p.m. Pacific time, 6:30 p.m. Eastern.

    Part Of The Problem
    Mission Accomplished

    Part Of The Problem

    Play Episode Listen Later Jan 8, 2026 60:02


    Dave Smith brings you the latest in politics! On this episode of Part Of The Problem, Dave talks about various right wing influencers' takes on the war with Venezuela, how it relates to previous wars of choice in American history, and more.Support Our Sponsors:Hexclad - Find your forever cookware @hexclad and get10% off at https://hexclad.com/PROBLEM! #hexcladpartnerSheath - https://sheathunderwear.com use promo code PROBLEM20Vandy Crisps - https://vandycrisps.com/dave Use code "DAVE" for 25% offYoKratom - https://yokratom.com/Part Of The Problem is available for early pre-release at https://partoftheproblem.com as well as an exclusive episode on Thursday!PORCH TOUR DATES HERE:https://robbernsteincomedy.com/eventsFind Run Your Mouth here:YouTube - http://youtube.com/@RunYourMouthiTunes - https://podcasts.apple.com/us/podcast/run-your-mouth-podcast/id1211469807Spotify - https://open.spotify.com/show/4ka50RAKTxFTxbtyPP8AHmFollow the show on social media:X:http://x.com/ComicDaveSmithhttp://x.com/RobbieTheFireInstagram:http://instagram.com/theproblemdavesmithhttp://instagram.com/robbiethefire#libertarianSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    Rich Zeoli
    Newly Elected NJGOP Chair Joins the Show!

    Rich Zeoli

    Play Episode Listen Later Jan 8, 2026 46:17


    The Rich Zeoli Show- Hour 2: 4:00pm- Christine Hanlon—Chair of the New Jersey Republican Party—joins The Rich Zeoli Show. Hanlon was elected on Monday night and details how she plans to bounce back from the GOP's disappointing election cycle last November. 4:30pm- Pete Earle—Director of Economics at the American Institute for Economic—joins The Rich Zeoli Show to discuss the economic impact of Venezuelan authoritarian Nicolas Maduro's removal from power. Plus, New York City's new Tenant Director Cea Weaver says that “people like home ownership because they like control—which is rooted in a racist and classist society.” Mayor Zohran Mamdani's term is off to an interesting start… 4:50pm- Rich goes to the shooting range!

    Rich Zeoli
    DHS: ICE Officers Attacked in Minnesota, Fired Shots in Self-Defense

    Rich Zeoli

    Play Episode Listen Later Jan 8, 2026 183:06


    The Rich Zeoli Show- Full Episode (01/07/2026): 3:05pm- Could the U.S. purchase Greenland from Denmark? Secretary of State Marco Rubio suggests it could be a possibility. But the New York Times argues that purchasing the territory isn't necessary, as a Cold War agreement grants the United States “sweeping military access in Greenland.” 3:20pm- According to a statement from the Department of Homeland Security, a woman was shot and killed by immigration agents in Minnesota after attempting to run over ICE agents. Minneapolis Mayor Jacob Frey accused ICE of “causing chaos and distrust” and stated: “To ICE, get the f*ck out of Minneapolis.” 3:40pm- In a post to Truth Social, President Donald Trump wrote: “I have just viewed the clip of the event which took place in Minneapolis, Minnesota. It is a horrible thing to watch. The woman screaming was, obviously, a professional agitator, and the woman driving the car was very disorderly, obstructing and resisting, who then violently, willfully, and viciously ran over the ICE Officer, who seems to have shot her in self-defense.” 4:00pm- Christine Hanlon—Chair of the New Jersey Republican Party—joins The Rich Zeoli Show. Hanlon was elected on Monday night and details how she plans to bounce back from the GOP's disappointing election cycle last November. 4:30pm- Pete Earle—Director of Economics at the American Institute for Economic—joins The Rich Zeoli Show to discuss the economic impact of Venezuelan authoritarian Nicolas Maduro's removal from power. Plus, New York City's new Tenant Director Cea Weaver says that “people like home ownership because they like control—which is rooted in a racist and classist society.” Mayor Zohran Mamdani's term is off to an interesting start… 4:50pm- Rich goes to the shooting range! 5:00pm- On Wednesday, the Trump administration released its updated U.S. dietary guidelines. Every five years the Agriculture and Health and Human Services departments release updated recommendations. While speaking to the press, Sec. Robert Kennedy Jr. declared a “war on sugar” and implored Americans to “eat real food.” 5:20pm- Rich plays a video of his time at the shooting range—and it's impressive. Even YouTube commenters BogsChips and CornPopsRevenge agree! 5:30pm- Rich's BIG announcement: Beginning next week, The Rich Zeoli Show will take on a new form! The show will become a one-hour, nationally focused podcast which can be heard locally on 1210 WPHT from 6pm to 7pm! 5:40pm- Linda Kerns—Attorney & Pennsylvania Election Integrity Counsel for the Republican National Committee and Donald Trump—joins The Rich Zeoli Show! She discusses filling in for Zeoli over the show's holiday break, Elvis Pressley's birthday, and her continued fight to eliminate voter fraud. 6:05pm- According to a statement from the Department of Homeland Security, a woman was shot and killed by immigration agents in Minnesota after attempting to run over ICE agents. Minneapolis Mayor Jacob Frey accused ICE of “causing chaos and distrust” and stated: “To ICE, get the f*ck out of Minneapolis.” 6:10pm- On Wednesday, the House Oversight Committee heard testimony from Minnesota state officials regarding the billions-of-dollars lost to welfare fraud. During one exchange, it was revealed that in March 2021 the Minnesota Department of Education suspended payments to the Feeding Our Future program over fears of fraud. Though the payments quickly resumed after state officials were baselessly accused of halting payments due to “racial discrimination.” 6:30pm- Department of Homeland Sec. Kristi Noem held a press conference—providing the latest details about a woman who was shot and killed by immigration agents in Minnesota after she appeared to attempt to run over ICE agents.

    Thoughts on the Market
    Driverless Cars Take the Fast Lane

    Thoughts on the Market

    Play Episode Listen Later Jan 8, 2026 10:11


    Brian Nowak: Welcome to Thoughts on the Market. I'm Brian Nowak, Morgan Stanley's Head of U.S. Internet Research. Andrew Percoco: And I'm Andrew Percoco, Head of North America Autos and Shared Mobility Research. Brian Nowak: Today we're going to talk about why we think 2026 could be a game changer and a point of inflection for autonomous vehicles and autonomous driving. It's Thursday, January 8th at 10am in New York. So, Andrew, let's get started. Have you ridden an autonomous car before? Andrew Percoco: Yeah, absolutely. Took a few in L.A., took one in San Francisco not too long ago. Pretty seamless and interesting experience to say the least. Brian Nowak: Any accidents or awkward left turns? Or did you feel pretty comfortable the whole time? Andrew Percoco: No, I felt pretty comfortable the whole time. No edge cases, no issues. So, all five star reviews for me. Brian Nowak: Andrew, we think your answer is going to be a lot more common as we go throughout 2026. As autonomous availability scales throughout more and more cities. Things are changing quickly. And we kind of look at our model on a city-by-city basis. We think that overall availability for autonomous driving in the U.S. is going to go from about 15 percent of the urban population at the end of 2025 to over 30 percent of the urban population by year end 2026. Andrew Percoco: Yeah, totally agree. Brian, I'm just curious. Like maybe layout for us, you know, what you're expecting for 2026 in more detail in terms of city rollouts, players involved and what we should be watching for throughout the next, you know, nine to 12 months. Brian Nowak: We have multiple new cities across the United States where we expect Waymo, Tesla, Zoox, and others to expand their fleet, expand autonomous driving availability, and ultimately make the product a lot more available and commonplace for people. There are also new potential edge cases that we think we're going to see. We're going to have our first snow cities with Waymo expected to launch in Washington, D.C.; potentially in Colorado, potentially in Michigan. So, we could have proof of concept that autonomous driving can also work in snow throughout [20]26 and into 2027 as well. So, in all, we think as we sit here at the start of [20]26, one year from now, there's going to be a lot more people who are going to say: I'm using an autonomous car to drive me around in my everyday practice. Andrew Percoco: Yeah, that makes a lot of sense. And I guess, what do you think the drivers are to get us there, right? There's also some concerns about safety, adoption, you know, cost structure. What are the main drivers that really make this growth algorithm work and really scales the robotaxi business for some of the key players? Brian Nowak: Part of it is regulatory. You know, we are still in a situation where we are dealing with state-by-state regulatory approvals needed for these autonomous vehicles and autonomous fleets to be built. We'll see if that changes, but for now, it's state by state regulation. After that, it comes down to technology, and each of the platforms needs to prove that their autonomous offerings are significantly safer than human driving. That is also linked to regulatory approval. And so, when we think about fleets becoming safer, proving that they can drive people more miles without having an accident than even a human can – we think about the autonomous players then scaling up their fleets. To make the cars and fleets available to more people. That is sort of the flywheel that we think is going to play out throughout 2026. The other part that we're very focused on across all the players from Waymo to Tesla to Zoox and others is the cost of the cars. And there is a big difference between the cost of a Waymo per mile versus the cost of a Tesla per mile. And we think one of the tension points, Andrew, that you can, you can talk about a little bit here, is the difference in the safety data and what we see on Tesla as of now versus Waymo – versus the cost advantage that Tesla has. So, talk about the cost advantage that Tesla has through all this as of right now. Andrew Percoco: Yeah, definitely. So, you know, as you mentioned, Tesla today has a very clear cost advantage over many of the robotaxi peers that they're competing with. A lot of that's driven by their vertical integration, and their sensor suite, right? So, their vehicle, the cost of their vehicle is – call it $35,000. You've got the camera only sensor approach. So, you don't have lidar, expensive lidar, and radar in the vehicle. And that's just really driven a meaningful cost improvement and cost advantage. On our math about a 40 percent cost advantage relative to Waymo today. Now going forward, you know, as you mentioned, I think the key hurdle here or bottleneck, that Tesla still needs to prove is their safety. And can they reach the same safety standards as a human driver? And, you know, the improvement that you've seen from Waymo. You know, to put some numbers around this. Based on publicly available data in Austin, Tesla's getting in a crash, you know, every about, call it every 50,000 miles; Waymo is closer to every 400,000 miles per crash. So today, Waymo is the leader on safety.I think the one important caveat that I want to mention here is that's on a relatively small number of miles driven for Tesla. They've only driven about 250,000 miles in Austin, whereas Waymo's driven close to, I think, a hundred million miles cumulatively. So, when you look back, I think this is going to be the kind of key catalyst and key data point for investors to watch is – how that data improves over the course of 2026. If you track Waymo – Waymo's data improved substantially as their miles driven improved, and as they launched into new cities.We'd expect Tesla to follow a similar trend. But that's going to be a huge catalyst in validating this camera only approach. If that happens, Tesla's not limited in scale, they're not limited in manufacturing capacity. You can meaningfully see them expand… Or you can see them expand quite quickly once they prove out that safety requirement. Brian Nowak: I think it's a great point because, you know, one of the other big debates that we are all going to have to monitor in the AV space throughout 2026 is: How quickly does Tesla completely pull the safety drivers, and how quickly do they scale up production of the vehicles? Because one of the bank shots around autonomous driving is actually the rideshare industry. You know, we have partnerships; some partnerships between Waymo and Uber and Waymo and Lyft. But Tesla is not partnering with anyone. And so, I think the extent to which we see a faster than expected ramp up in deployment from Tesla can have a lot of impact. Not only on autonomous adoption, competition with Waymo, but also the rideshare industry.So how do you think about the puts and takes on Tesla and sort of removing the drivers and scaling up the fleet this year? What should we be watching? Andrew Percoco: Yeah, so they've already made some strides there in Austin. They've pulled the safety monitor. They haven't opened that up to the public yet without the safety monitor. They're still testing, presumably in that geography. They need to be extremely careful in terms of, you know, the regulatory compliance and making sure they're doing this in a safe way. Ultimately that's what matters most to them. We do expect them to roll it out to the public without the safety monitor in 2026. Whether or not, that's the first quarter or the third quarter – is a little bit tougher to predict. But I think it's reasonable to assume whatever the timeline is, they're going to make sure it's the safest way possible to ensure that there's, you know, no unintended consequences as it relates to regulation, et cetera. I think one, also; one important data point or interesting data point here. You know, we model, I think, a 100 percent CAGR in miles driven, autonomous miles driven through 2032. You can talk a little bit about, you know, what the implications for rideshare, but I think important. It's important to contextualize that would still only represent less than 1 percent of total U.S. miles driven in the U.S. So substantial growth over the next, call it six or seven years. But still a massive TAM to be tapped into beyond 2032. And I think the key there is – what's the cost reduction roadmap look like? And can we get robotaxis to a point where they are cheaper than personal car ownership? And could robotaxis at some point disrupt the car ownership process? Brian Nowak: Yeah. And the other more important point around rideshare will be how much do these autonomous offerings expand the addressable market for rideshare and prove to be incremental? As opposed to being cannibalistic on existing ride share rides. Because you're right that, you know, even our out year autonomous projections still have it less than 1 percent of the total trips. But the question is how much does that add to ride share? Because in some scenarios, those autonomous trips could end up being 20 to 30 percent of the rideshare industry. This matters for Uber and Lyft because while they are partnering Waymo and other autonomous players across a handful of markets, they're not partnered in all the markets. And in some markets, Waymo is going alone. Tesla is going at it alone. And so when we look at our model and we say as of 2024, Uber and Lyft make up 100 percent of the ride share industry based on the current partnerships, which includes Waymo and Tesla and all; and Zoox and all the players, we think that Uber and Lyft will only make up 30 percent of the autonomous driving market. And so it's really important for the rideshare industry that when, number one, we see AV's being incremental to the TAM; and two, that Uber and Lyft are able to continue to add more partnerships over time to drive more of that overall long-term AV opportunity and participate in all this rideshare industry over the next five years. Andrew Percoco: I think it's really clear that the future of autonomous vehicles is here and we've reached an inflection point; and there's a lot of interesting catalysts and data points for us and for investors to watch for throughout 2026.So Brian, thanks again for taking the time to talk. Brian Nowak: Andrew, great speaking with you. And thanks for listening. If you enjoy Thoughts on the Market, please leave us a review wherever you listen and share the podcast with a friend or colleague today.

    Marketplace All-in-One
    Venezuela and Trump's new Monroe Doctrine

    Marketplace All-in-One

    Play Episode Listen Later Jan 8, 2026 23:11


    In the wake of U.S. military action in Venezuela, including the capture of the country's leader Nicolás Maduro, we're left with questions about what this moment could mean for the future of U.S. foreign policy and the global economy. On the show today, director of the Atlantic Council's Adrienne Arsht Latin America Center Jason Marczak joins Kimberly to explain why the Trump administration is shifting its focus back toward the Western Hemisphere, harkening back to the Monroe Doctrine. Plus, what it would take to revitalize Venezuela's economy. Here's everything we talked about today:"Experts react: The US just captured Maduro. What's next for Venezuela and the region?" from the Atlantic Council"Donald Trump asserts control over Venezuela—and all the Americas" from The Economist"For Big Oil, Venezuela's reserves show long-term promise" from Marketplace  "What Is the Monroe Doctrine, and How Is Trump Reasserting It?" from Time"Dispatches from Venezuela: Red roofs and the new ogling" from MarketplaceJoin us tomorrow for “Economics on Tap.” The YouTube livestream starts at 3:30 p.m. Pacific time, 6:30 p.m. Eastern.

    The Hartmann Report
    Daily Take: Renee Nicole Good Is Dead. Benjamin Franklin Warned Us This Would Happen…

    The Hartmann Report

    Play Episode Listen Later Jan 8, 2026 11:20


    The Founders didn't build this country for secret police and point-blank executions…See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    The Hartmann Report
    Puppy Killer Noem Threatens Gov. Newsom

    The Hartmann Report

    Play Episode Listen Later Jan 8, 2026 58:36


    Can the ICE agent be prosecuted who shot the women? Who should bear responsibility? Renee Nicole Good Is Dead. Benjamin Franklin Warned Us This Would Happen Fascist Alert! Puppy Killer Noem threatens Gov. Newsom, "We're coming for you." The Depraved New White House Website Isn't Just a Lie: It's an Invitation. Plus, The Night Wolves: Russian Motorcycle Club Militia.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    Capital Record
    Episode 278: Will Mayor Mamdani Give President Trump His Phone Back Please?

    Capital Record

    Play Episode Listen Later Jan 8, 2026 11:09


    On Wednesday, January 7, President Trump sent out two messages via social media: First, that he was “banning institutional ownership of residential real estate.” Later, that he was “outlawing return of capital to shareholders.” The Warren/Sanders/Mamdani wing of the Democratic Party is celebrating. The Reagan/Hayek/Laffer wing of the Republican wing is scratching its head.Today, David goes back to the utterly incoherent idea that institutions putting investment into residential real estate (all 0.4 percent of the single-family residences this represent) is behind the affordability issues. He reminds listeners what “supply-side” growth means. And he does a quick refresher on capital formation, and how capital is needed to innovate, and that how capital gets treated is somewhat relevant to that process. It's a plea to remember first principles when it comes to economic policy, and why we have spent a lifetime rejecting this Marxian drivel. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

    #plugintodevin - Your Mark on the World with Devin Thorpe
    Transforming Trash into Treasure: The Profitable Economics of Zero Waste

    #plugintodevin - Your Mark on the World with Devin Thorpe

    Play Episode Listen Later Jan 8, 2026 25:50


    Superpowers for Good should not be considered investment advice. Seek counsel before making investment decisions. When you purchase an item, launch a campaign or create an investment account after clicking a link here, we may earn a fee. Engage to support our work.Watch the show on television by downloading the e360tv channel app to your Roku, LG or AmazonFireTV. You can also see it on YouTube.Devin: What is your superpower?Tom: I feel like my core superpower is convincing people to believe in my dreams and rallying them around.Most people view recycling as a public service, but the reality is that it is a business governed by the ruthless laws of economics. If the value of the material recovered doesn't exceed the cost to collect and process it, that item ends up in a landfill. This economic gap is exactly where Tom Szaky has built an empire.Recently, Tom Szaky, the CEO and founder of TerraCycle, shared insights on how he is tackling the world's garbage problem. His company isn't just a recycling firm; it is a supply chain innovator that figures out how to recycle the “unrecyclable,” from cigarette butts to dirty diapers.Tom explains the core issue with clarity. “The reality is most things in the world can be recycled. The difference is that recycling is not really a public service. It's run by for-profit companies.”He notes that aluminum cans are recycled because they are profitable. Conversely, complex items like coffee capsules cost more to process than the aluminum is worth. TerraCycle solves this by finding stakeholders—brands, retailers, and cities—willing to fund that gap.This model has proven incredibly successful. TerraCycle has been profitable for years and recently completed a Regulation Crowdfunding offering for TerraCycle US. They raised $5 million in less than 60 days.Investors are drawn to the company not just for its mission but for its financial discipline. Tom highlighted that previous investors have already received significant returns. “If you invested, say $1,000 in REG A back five years ago, you'd have already been paid somewhere between 17% and 20% of that invested capital in dividends.”Tom Szaky, Founder and CEO of TerraCycle, will be speaking at SuperGreen Live, sharing insights on sustainability, circular economy solutions, and rethinking waste at scale—register now at SuperGreenLive.orgTom challenges the old binary that you either make money or you do good. He believes purpose fuels business fundamentals. By locating his HQ in Trenton, New Jersey, he revitalizes an underserved community while gaining access to affordable real estate and a diverse talent pool.“Why should on one end we make money and on the other end give it away to NGOs to help save the world?” Tom asks. “Why can't those two concepts come together where you can invest in a profitable business whose core focus is making the world better?”TerraCycle is proving that you can indeed do both. By aligning profit with planetary health, Tom is showing a path toward a zero-waste world that makes economic sense.tl;dr:TerraCycle creates supply chains for hard-to-recycle waste by getting stakeholders to fund the cost gap.Recycling is an economic challenge because items are only recycled locally if they generate profit.Tom recently raised $5 million via Regulation Crowdfunding by demonstrating proven growth and consistent dividends.Purpose-driven business models can drive better economic fundamentals like lower costs and government support.Tom's superpower is rallying people around a vision by starting with a beautiful, impactful idea.How to Develop Rallying Believers As a SuperpowerTom describes his superpower as the ability to get others to see his vision and join him in executing it. It isn't just about salesmanship; it is about authentic conviction. He explains, “I feel like my core superpower is convincing people to believe in my dreams and rallying them around.” This ability allows him to mobilize diverse groups, from college interns to multinational corporations, to tackle massive global challenges like waste elimination.To illustrate this, Tom shared a charming story from his childhood. In second grade, he had a vision of folding thousands of origami cranes to create a decorative entryway for his bedroom. He started folding them at a table with four other classmates. He didn't force them to help; he just started doing the work with passion. Within two days, the whole table was folding cranes. By the end of the week, the entire class was involved. This early experience taught him that if you lead with action and a compelling idea, people will naturally want to be part of the journey.How to Develop This SuperpowerFor those interested in rallying people around a vision, Tom offers several insights that can help transform this into a skill:Start with a beautiful idea. The core concept should not just be about making money. It must be something that makes the world better, more beautiful, or more sustainable.Believe in it yourself. Authentic, unwavering belief in a dream is essential before expecting others to follow.Just start doing it. Action attracts others. By beginning the work, people will naturally gravitate toward the energy and vision.View profit as health, not the goal. While profit is necessary to survive, keeping the mission as the central focus ensures authenticity. This, in turn, attracts investors, employees, and partners who want to be part of something meaningful.Maintain clarity of vision. Instead of trying to fix everything at once, a focused approach on a specific area of expertise drives meaningful change.By following Tom's example and advice, rallying believers can become a powerful skill. With practice and effort, this superpower can enable individuals and organizations to achieve greater impact.Remember, however, that research into success suggests that building on your own superpowers is more important than creating new ones or overcoming weaknesses. You do you!Guest ProfileTom Szaky (he/him):CEO/Founder, TerraCycleAbout TerraCycle: TerraCycle is an international leader in innovative sustainability solutions, creating and operating first-of-their-kind platforms in recycling, recycled materials, and reuse. Across 18 countries, TerraCycle is on a mission to eliminate the idea of waste and develop practical solutions for today's complex waste challenges. The company engages an expansive multi-stakeholder community, from Fortune 500 companies to schools and households, across a wide range of accessible programs and has raised millions for schools and nonprofits since its founding more than 20 years ago. To learn more about TerraCycle and join them on their journey to move the world from a linear economy to a circular one, please visit terracycle.com.Website: terracycle.comCompany Facebook Page: facebook.com/terracycleInstagram Handle: @terracycleOther URL: invest.terracycle.comBiographical Information: Tom Szaky is founder and CEO of TerraCycle, an international leader in innovative sustainability solutions, creating and operating first-of-their-kind platforms in recycling, recycled materials, and reuse. Across 21 countries, TerraCycle is on a mission to rethink waste and develop practical solutions for today's complex waste challenges. The company engages an expansive multi-stakeholder community across a wide range of accessible programs, from Fortune 500 companies to schools and individuals.In 2019, TerraCycle launched Loop, a circular reuse platform that enables consumers to purchase products in durable, reusable packaging. Loop is available in France, Japan, and the U.S., and is a key step in helping to end the epidemic of waste that is caused by “single-use” consumption. Tom and TerraCycle have received hundreds of social, environmental, and business awards and recognition from a range of organizations, including the United Nations, World Economic Forum, Fortune Magazine, Time Magazine, and the U.S. Chamber of Commerce.Tom is the author of four books: Revolution in a Bottle, Outsmart Waste, Make Garbage Great, and The Future of Packaging. Tom created, produced, and starred in TerraCycle's reality show, Human Resources, which aired on Pivot from 2014–2016 and is syndicated in more than 20 foreign markets on Amazon and iTunes.LinkedIn Profile: linkedin.com/in/tomszakySupport Our SponsorsOur generous sponsors make our work possible, serving impact investors, social entrepreneurs, community builders and diverse founders. Today's advertisers include RISE Robotics, and Crowdfunding Made Simple. Learn more about advertising with us here.Max-Impact Members(We're grateful for every one of these community champions who make this work possible.)Brian Christie, Brainsy | Cameron Neil, Lend For Good | Carol Fineagan, Independent Consultant | Hiten Sonpal, RISE Robotics | John Berlet, CORE Tax Deeds, LLC. | Justin Starbird, The Aebli Group | Lory Moore, Lory Moore Law | Mark Grimes, Networked Enterprise Development | Matthew Mead, Hempitecture | Michael Pratt, Qnetic | Mike Green, Envirosult | Dr. Nicole Paulk, Siren Biotechnology | Paul Lovejoy, Stakeholder Enterprise | Pearl Wright, Global Changemaker | Scott Thorpe, Philanthropist | Sharon Samjitsingh, Health Care Originals | Add Your Name HereUpcoming SuperCrowd Event CalendarIf a location is not noted, the events below are virtual.SuperCrowdHour, January 21, 2026, at 12:00 PM Eastern. Devin Thorpe, CEO and Founder of The Super Crowd, Inc., will lead a session on “From $10 to Impact: How Anyone Can Become an Impact Investor.” Drawing on his experience as an investment banker, impact investor, and community-building leader, Devin will explain how everyday people can start investing small amounts to support mission-driven companies while pursuing financial returns. In this session, he'll break down the basics of regulated investment crowdfunding, show how impact and profit can align, and share practical steps for identifying opportunities that create real-world change. As an added benefit, attendees can become an Impact Member of the SuperCrowd for just $4.58 per month to receive an exclusive private Zoom meeting invitation with Devin, free tickets to paid SuperCrowd events, and the opportunity to directly support social entrepreneurs, community builders, and underrepresented founders.SuperGreen Live, January 22–24, 2026, livestreaming globally. Organized by Green2Gold and The Super Crowd, Inc., this three-day event will spotlight the intersection of impact crowdfunding, sustainable innovation, and climate solutions. Featuring expert-led panels, interactive workshops, and live pitch sessions, SuperGreen Live brings together entrepreneurs, investors, policymakers, and activists to explore how capital and climate action can work hand in hand. With global livestreaming, VIP networking opportunities, and exclusive content, this event will empower participants to turn bold ideas into real impact. Don't miss your chance to join tens of thousands of changemakers at the largest virtual sustainability event of the year. Learn more about sponsoring the event here. Interested in speaking? Apply here. Support our work with a tax-deductible donation here.Demo Day at SuperGreen Live. Apply now to present at the SuperGreen Live Demo Day session on January 22! The application window is closing soon; apply today at 4sc.fun/sgdemo. The Demo Day session is open to innovators in the field of climate solutions and sustainability who are NOT currently raising under Regulation Crowdfunding.SuperCrowd Impact Member Networking Session: Impact (and, of course, Max-Impact) Members of the SuperCrowd are invited to a private networking session on January 27th at 1:30 PM ET/10:30 AM PT. Mark your calendar. We'll send private emails to Impact Members with registration details.Community Event CalendarSuccessful Funding with Karl Dakin, Tuesdays at 10:00 AM ET - Click on Events.Join UGLY TALK: Women Tech Founders in San Francisco on January 29, 2026, an energizing in-person gathering of 100 women founders focused on funding strategies and discovering SuperCrowd as a powerful alternative for raising capital.If you would like to submit an event for us to share with the 10,000+ changemakers, investors and entrepreneurs who are members of the SuperCrowd, click here.Manage the volume of emails you receive from us by clicking here.We use AI to help us write compelling recaps of each episode. Get full access to Superpowers for Good at www.superpowers4good.com/subscribe

    Let People Prosper
    Liberty's Long Road—and Why It Still Matters with Dr. Peter Boettke | Let People Prosper Ep. 180

    Let People Prosper

    Play Episode Listen Later Jan 8, 2026 51:59


    If you've ever wondered why so many people assume progress is automatic, why trillion-dollar deficits barely raise eyebrows anymore, or why “economic planning” keeps making a comeback despite its long record of failure—this episode gets to the heart of the issue.Prosperity doesn't happen by accident. Freedom doesn't sustain itself. And history doesn't bend toward progress unless the rules of the game allow it to.That's why this conversation matters.My guest is Dr. Peter Boettke, Distinguished University Professor of Economics at George Mason University and Director of the F.A. Hayek Program at the Mercatus Center. This is Peter's third appearance (episodes 10 and 119) on the Let People Prosper Show, and every time he joins, he brings clarity to questions most policymakers avoid.Today's discussion centers on his new book, The Historical Path to Liberty and Human Progress, which makes a simple but uncomfortable point: human flourishing depends on institutions—and bad institutions destroy progress faster than good intentions can save it.At a time of runaway federal spending, renewed industrial policy, and bipartisan refusal to confront tradeoffs, this conversation couldn't be more timely.

    Part Of The Problem
    They Think You're Stupid

    Part Of The Problem

    Play Episode Listen Later Jan 7, 2026 69:03


    Dave Smith brings you the latest in politics! On this episode of Part Of The Problem, Dave and Robbie "The Fire" Bernstein talk about new developments on the conflict with the US and Venezuela, JD Vance's tweet responding to people's skepticism about Venezuelan drugs in the US, Pam Bondi's statements on the matter on Fox News, and more.Support Our Sponsors:The Wellness Company - Spike Detox your body! Click http://www.twc.health/problem and use code PROBLEM for 10% Off + Free Shipping for USA residentsBrunt Workwear - http://bruntworkwear.com/ Use code PROBLEMRidge - https://ridge.com/potp10IndaCloud - If you're 21 or older, get 40% OFF your first order + free shipping @IndaCloud with code [PROBLEM] at https://inda.shop/PROBLEM! #indacloudpodPart Of The Problem is available for early pre-release at https://partoftheproblem.com as well as an exclusive episode on Thursday!PORCH TOUR DATES HERE:https://robbernsteincomedy.com/eventsFind Run Your Mouth here:YouTube - http://youtube.com/@RunYourMouthiTunes - https://podcasts.apple.com/us/podcast/run-your-mouth-podcast/id1211469807Spotify - https://open.spotify.com/show/4ka50RAKTxFTxbtyPP8AHmFollow the show on social media:X:http://x.com/ComicDaveSmithhttp://x.com/RobbieTheFireInstagram:http://instagram.com/theproblemdavesmithhttp://instagram.com/robbiethefire#libertarianSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    Thoughts on the Market
    A Revolution in Credit Markets

    Thoughts on the Market

    Play Episode Listen Later Jan 7, 2026 11:42


    Our Chief Fixed Income Strategist Vishy Tirupattur is joined by Dan Toscano, the firm's Chairman of Markets in Private Equity, unpack how credit markets are changing—and what the AI buildup means for the road ahead.Read more insights from Morgan Stanley.----- Transcript -----Vishy Tirupattur: Welcome to Thoughts on the Market. I am Vishy Tirupattur, Morgan Stanley's Chief Fixed Income Strategist. Today is a special edition of our podcast. We are joined by Dan Toscano, Chairman of Markets in Private Equity at Morgan Stanley, and a seasoned practitioner of credit markets over many, many credit cycles. We will get his thoughts on the ongoing evolution and revolution in credit marketsIt's Wednesday, January 7th at 10am in New York. Dan, welcome.Dan Toscano: Glad to be here.Vishy Tirupattur: So, to get our – the listeners familiar with your journey, can you talk a little bit about your experience in the credit markets, and how you got to where we are today?Dan Toscano: Yeah, sure. So, I've been doing this a long time. You used the nice word seasoned. My kids would refer to it as old. But I started in this journey in 1988. And to make a long story short, my first job on Wall Street was buying junk bonds in the infancy of the junk bond market, when most of what we were financing were LBOs. So, if you're familiar with Barbarians at the Gate, one of the first bonds we bought were RJR Nabisco reset notes. And I've been doing this ever since, so over almost four decades now.Vishy Tirupattur: So, the junk bond market evolved into high yield market, syndicated loan market, CLO market, financial crisis. So, talk to us about your experiences during this transition.Dan Toscano: Yeah. I mean, one of the things these markets do is they finance evolution in industries. So, when I think back to the early days of financing leveraged buyouts, they were called bootstrap deals. The first deal I did as an intermediary on Wall Street as opposed to as an investor, was a buyout with Bain Capital in 1993. At the time, Bain Capital had a $600 million AUM private equity platform. Think about that in the scale of what Bain Capital does in private equity today. You know, back then it was corporate carve outs, and trying to make the global economy more efficient. And you remember the rise of the conglomerate. And so, one of the early things we financed a lot of was the de-conglomeration of big corporates. So, they would spin off assets that were not central to the business or the strengths that they had as an organization.So, that was the early days of private equity. There was obviously the telecom build out in the late 90's and the resulting bust. And then into the GFC. And we sit here today with the distinctions of private capital, private credit, public credit, syndicated credit, and all the amazing things that are being financed in, you know, what I think of as the next industrial revolution.Vishy Tirupattur: In terms of things that have changed a lot – a lot also changed following the financial crisis. So, if you dig deep into that one thing that happened was the introduction of leveraged lending guidelines. Can you talk about what leveraged lending guidelines did to the credit markets?Dan Toscano: Yeah, I mean, it was a big change for underwriters because it dictated what you could and couldn't participate in as an underwriter or a lender, and so it really cut off one end of the market that was determined by – and I think the thing most famously attributed to the leveraged lending guidelines was this maximum leverage notion of six times leverage is the cap. Nothing beyond that. And so that really limited the ability for Wall Street firms to underwrite and distribute capital to support those deals.And inadvertently, or maybe by plan, really gave rise to the growth in the private credit market. So, when you think about everything that's going on in the world today, including, which I'm sure we'll talk about, the relaxation of the leveraged lending guidelines, it was really fuel for private credit.Vishy Tirupattur: So private credit, this relaxation that you mentioned, you know, a few weeks ago, the FDIC and the OCC withdrew the leveraged lending guidelines in total. What do you expect that will do to the private credit markets? Will that make private credit market share decrease and bank market share increase?Dan Toscano: I think many people think of these as being mutually exclusive. We've never thought of it that way. It exists more on a continuum. And so, what I think the relaxation of those guidelines or the elimination of those guidelines really frees the banks to participate in the entire continuum, either as lenders or as underwriters.And so, in addition to the opportunity that gives the banks to really find the best solutions for their clients, I think this will also continue the blurring of distinctions between public market credit and private market credit. Because now the banks can participate in all of it. And when you think about what defines in people's minds – public credit versus private credit, in many cases it's driven by what terms look like. Customary terms for a syndicated bond or loan versus a private credit loan.Also, who's participating in it. You know, these things have been blurring, right? There's a cost differential or a perceived cost differential that has been blurring for some time now. That will continue to happen, in my opinion anyway.Vishy Tirupattur: I totally agree with you, Dan, on that. I think not only the distinction between public credit and private credit, but also within the various credit channels – secured, unsecured, securitized, structured – all these distinctions are also blurring. So, in that context, let's talk a little bit more about what private credit's focus has been and where private credit focus will be going forward. So, what we'll call private credit 1.0. Focused predominantly on lending to small and medium-sized enterprises. And we now see that potentially changing. What is driving private credit 2.0 in your mind?Dan Toscano: Well, the elephant in the room is digital infrastructure. Absolutely. When you think about the scale of what is happening, the type of capital that's required for the build out, the structure you need around it, the ability to use elements of structure. You mentioned several of them earlier. To come up with an appropriate risk structure for lending is really where the market is heading. When you think about the trillions of dollars that we anticipate is needed for the technology industry to complete this transformation – not just around digital infrastructure, but around everything associated with it.And the big one I think of most often is power, right? So, you need capital to build out sources of power, and you need capital to build out the data centers to be able to handle the compute demand that is expected to be there. This is a scale unlike anything we have ever seen. It is the backbone of what will be the next industrial revolution.We've never seen anything like this in terms of the scale of the capital needed for the transformation that is already underway.Vishy Tirupattur: We are very much on board with this idea as well, Dan, in terms of the scale of the investment, the capital investment that is needed. So, when you look ahead for 2026, what worries you about the ind ustrial revolution financing that is underway?Dan Toscano: Given all that's going on in the world, this massive capital investment that's going on globally around digital infrastructure, we've never seen this before. And so, when I look at the capital raising that has been done in 2025 versus what will be done in 2026, I think one of the differences that we have to be mindful of is – nothing's gone wrong while we were raising capital in 2025 because we were very much in the infancy of these buildouts. Once you get further into these buildouts and the capital raises in 2025 that are funding the development of data centers start to season, problems will emerge. The essence of credit risk is there will be problems and it's really trying to predict and foresee where the problems will be and make sure you can manage your way through them.That is the essence of successful credit investing. And so there will definitely be issues when you think about the scale of the build out that is happening. Even if you look just in the U.S., where you need access to all sorts of commodities to build out. And you know, people focus on chips, but you also need steel and roofing, and importantly labor.And as we talk to people about the build outs, one of the concerns is supply of labor supply and cost of labor. So, when you run into situations where maybe a project is delayed a bit, or the costs are a bit more than what was expected, there will be a reaction. And we haven't had that yet. We will start to see that in 2026 and how investors and the markets react to that, I think will be very important. And I'm a little bit worried that there could be some overreaction because people have trained themselves in 2025 to think of like, ‘I'm operating in a perfect environment,' because we haven't really done anything yet. And now that we've done something, something can and will go wrong. So, you know, we'll see how that plays out.I am very fixated in 2026 on the laws of supply and demand. When I think about what's going on right now, we usually have visibility on demand. And we usually have some level of visibility on supply. Right now, we have neither – and I say that in a positive way. We don't know how big the demand is in the capital world to fund these projects. We don't know how big that can be. And almost with every passing day, the supply – and what we're hearing from our clients about what they need to execute their plans – continues to grow in a way that we don't know where it ends. And the scale, we're talking trillions of dollars, right? Not billions, not millions, but trillions.And so, I look at that – not so much as something I worry about, but something I'm really curious about. Will we run out of money to fund all of the ambitions of the Industrial Revolution? I don't think so. I think money will find great projects, but when you think about the scale of what we're looking at, we've never seen anything like it before. And it will be fascinating to watch as the year goes on.Vishy Tirupattur: Thanks Dan. That's very useful. And thanks for taking the time to speak to us and share your wisdom and insights. Dan Toscano: Well, it's great to be here.Vishy Tirupattur: And to our audience, thanks for listening. If you enjoyed the show, please leave us a review wherever you listen and share thoughts on the market with a friend or colleague today

    The Hartmann Report
    Daily Take: The Depraved New White House Website Isn't Just a Lie: It's an Invitation

    The Hartmann Report

    Play Episode Listen Later Jan 7, 2026 11:20


    Once a government convinces its people that what they saw with their own eyes never really happened, what's left of democracy in that republic is already on life support…See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    The Hartmann Report
    Daily Take: The Depraved New White House Website Isn't Just a Lie

    The Hartmann Report

    Play Episode Listen Later Jan 7, 2026 11:17


    The Depraved New White House Website Isn't Just a Lie: It's an Invitation...See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    The Hartmann Report
    Which Country is Next for Donald?

    The Hartmann Report

    Play Episode Listen Later Jan 7, 2026 58:34


    In an unhinged rant, Stephen Miller says America can take over any country for its resources - Which country is next for Trump? ‘Greenland belongs to its people': European leaders unite over Trump's threats to annex territory“ reports Sam Meredith. Meanwhile Miles Taylor offers a warning of unhinged Donald's fixation on illegal annexation and occupation. The Colombian president taunts Trump.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    The Untold Story with Martha MacCallum
    What's Next For Venezuela?

    The Untold Story with Martha MacCallum

    Play Episode Listen Later Jan 7, 2026 25:41


    PhD candidate in Economics at Columbia University and a graduate fellow at the Manhattan Institute, Daniel Di Martino, explains the ongoing political situation in Venezuela and why the Trump administration felt they had to step in.  As a Venezuelan native, Daniel discusses the changing power dynamics in the country and what is happening now that Maduro is no longer their leader. He also describes the potential for Venezuelan politician and activist Maria Corina Machado to become the next president.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

    Palisade Radio
    Marc Faber: HyperInflation, The Re-Monetization of Gold and World War 3

    Palisade Radio

    Play Episode Listen Later Jan 7, 2026 47:17


    Stijn Schmitz welcomes Marc Faber to the show. Marc Faber is Contrarian Investor and Publisher of the Gloom, Boom, & Doom Report. Their discussion centers on global economic trends, monetary policy, and the impact of continuous money printing by central banks. Faber, a proponent of the Austrian school of economics, critically examines the current financial landscape, highlighting how central banks and financial institutions are incentivized to continuously print money, which leads to uneven price increases across various assets. Faber argues that money printing fundamentally distorts economic systems, with financial institutions benefiting first from monetary expansion while average workers experience declining real wages. He points out that while nominal GDP might show growth, real purchasing power for most people has actually decreased. The conversation explores the historical context of economic cycles, with Faber referencing economists like Kondratiev and discussing how societies rise and decline. The discussion shifts to geopolitical dynamics, particularly the changing global power balance between the United States and emerging powers like China and Russia. Faber suggests that the US is no longer in the dominant position it held post-World War II, with potential competitive challenges emerging from other global powers. Regarding investment strategies, Faber recommends diversification across assets like real estate, precious metals, stocks, and cash. He sees particular potential in gold, silver, and platinum as alternative currencies, and believes these metals can serve as protection against monetary devaluation. He’s especially bullish on platinum, suggesting it might eventually surpass gold in price. Faber’s investment philosophy emphasizes understanding price dynamics over specific company details, advocating for purchasing assets below their intrinsic value. He remains skeptical of government interventions and central bank policies, viewing them as potentially destructive to long-term economic stability. Timestamps: 00:00:00 – Introduction 00:00:51 – Precious Metals Bull Run 00:01:25 – Gold Market History 00:02:31 – Money Printing Effects 00:05:33 – Financial Industry Incentives 00:07:15 – Austrian Economics Overview 00:09:10 – Keynesian Policies Critique 00:14:40 – Economic and War Cycles 00:20:25 – Geopolitical Tensions Rise 00:22:47 – Global Financial System Risks 00:24:00 – Safe Currencies Gold Silver 00:27:12 – Approaching Economic Crises 00:33:02 – Portfolio Diversification Advice 00:35:49 – Silver Platinum Investment Benefits 00:42:05 – Newsletter and Personal Reflections 00:45:44 – Concluding Thoughts Guest Links: Website: https://www.gloomboomdoom.com/ X: https://x.com/gloomboomdoom Dr. Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a Ph.D. in Economics magna cum laude. Between 1970 and 1978, Mr. Faber worked for White Weld & Company Limited in New York, Zurich, and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, Marc was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, publishing a widely read monthly investment newsletter, “THE GLOOM BOOM & DOOM,” a report highlighting unusual investment opportunities. Dr. Faber is also the author of several books, including “TOMORROW’S GOLD – Asia’s Age of Discovery,” first published in 2002 and highlighted future investment opportunities. “TOMORROW’S GOLD” was on Amazon’s bestseller list and translated into Japanese, Korean, Thai, and German. Marc is also a regular contributor to several leading financial publications around the world. In addition, Dr. Faber is a frequent speaker at various investment seminars and is well known for his “contrarian” investment approach.

    Accidental Gods
    Seeing Round Corners: Upgrading Democracy with Suzette Masters and Dr John Izzo

    Accidental Gods

    Play Episode Listen Later Jan 7, 2026 89:22


    If we ever had a genuine democracy (and I would argue we never have) then it is clearly disintegrating now, along with the entire system with which it was entwined.  Everyone agrees we need something new, what we don't necessarily agree on across the board is the design of this new thing.  This week's guests are two people who spend their lives imagining how things might be different, particularly in the US, where even the pretence of democracy has been abandoned. Dr John Izzo is a friend of the podcast. Once an ordained Minister in a Presbyterian Church, he's now a bestselling author, speaker, and thought leader focused on social responsibility and intergenerational integration. He's a a Distinguished Fellow at The Stimson Center in Washington DC, and a Board Member of the Elders Action Network and the Elders Climate Action group. Most notably in terms of what we're talking about here, he's co-host of The Way Forward Regenerative Conversations Podcast on which I heard him speaking to our other guest, Suzette Brooks Masters.  Suzette describes herself as a sometime Cassandra who sees around the corner; a serial social entrepreneur, and a thought leader and strategist in the fields of democracy, governance and futures.She has degrees in Economics from Amherst College and Cambridge University, and a Law degree from Harvard. She has spent much of her working life as a strategist working on immigration, inclusion and democracy. She is currently Senior Fellow and Director of Democracy Innovation at the Democracy Funders Network and Co-Founder of the Federal Foresight Advocacy Alliance.  So listen in for a 3-way conversation on the nature of power, community and change as we move into the new year. John on LinkedIn https://www.linkedin.com/in/drjohnizzo/John's showreel: https://vimeo.com/248012255?fl=pl&fe=vlJohn's website: www.drjohnizzo.comJohn's YouTube: https://www.youtube.com/channel/UC1adiRng-Ab3d3Wos9pFjAA The Way Forward Regenerative Podcast https://podcasts.apple.com/us/podcast/the-way-forward-regenerative-conversations/id1651941803Episode with Suzette: https://podcasts.apple.com/gb/podcast/the-way-forward-regenerative-conversations/id1651941803?i=1000704364583The Way Forward on YouTube https://www.youtube.com/@RegenerativeConversationsSuzette on LinkedIn https://www.linkedin.com/in/suzette-brooks-masters-0614981bDemocracy Funders Network https://www.democracyfundersnetwork.org/Federal Foresight Advocacy Alliance  https://www.ffaa-us.org/Suzette's recent report - Becoming Futures Ready: How Philanthropy can leverage strategic foresight for democracy https://www.democracyfundersnetwork.org/resources/2024/10/3/becoming-futures-ready-how-philanthropy-can-leverage-strategic-foresight-for-democracyIf you'd like to support us, there is a Patreon page, but we're not going to link to it, because, honestly, the best way is to come and join the Accidental Gods Membership: that way you can share in the ideas, the programme that will help you connect to the Web of Life in ways that will last—and you can come to the Gatherings half price. Or if that doesn't appeal, come along to one of the Gatherings. Or buy a subscription/Gathering for a friend... do something that feels like a good exchange of energy and minimises our connection with old economic paradigm. Remember that if any of this is difficult, contact us and we'll find something that works for you. Details below: What we offer: Accidental Gods, Dreaming Awake and the Thrutopia Writing Masterclass If you'd like to join our next Open Gathering offered by our Accidental Gods Programme, it's 'Honouring Fear as your Mentor' on Sunday 8th February 2026 from 16:00 - 20:00 GMT - details are here. You don't have to be a member -but if you are, all Gatherings are half price.If you'd like to join us at Accidental Gods, this is the membership where we endeavour to help you to connect fully with the living web of life. If you'd like to train more deeply in the contemporary shamanic work at Dreaming Awake, you'll find us here. If you'd like to explore the recordings from our last Thrutopia Writing Masterclass, the details are here

    Clearer Thinking with Spencer Greenberg
    Live at EA Global - The future of U.S. foreign aid (with Dean Karlan)

    Clearer Thinking with Spencer Greenberg

    Play Episode Listen Later Jan 7, 2026 86:03


    Read the full transcript here. What is the core public interest case for foreign aid beyond soft power? How should we define safety and prosperity? Why do many voters believe aid is a quarter of the budget when it is a tiny fraction and how does that shape support? How did a political decision to halt awards ripple through real programs and what safeguards failed? What legal and institutional checks should prevent a single administration from impounding funds that Congress appropriated? When government pauses, how can private funders triage the most life saving pieces without letting systems collapse? If an agency is rebuilt, which programs should be protected first and which processes should be redesigned from day one? How do we embed evidence and cost effectiveness at the start of strategy rather than as an afterthought in evaluation? What would it look like to center partner governments in the process so that learning becomes part of their own delivery? How can we avoid a fixation on what is easy to measure while still demanding clear estimates and accountability? What does it mean to meet donors where they are while steering them toward the highest impact use of funds? Dean Karlan is the Frederic Esser Nemmers Distinguished Professor of Economics and Finance at Northwestern University, and the Founder and former President of Innovations for Poverty Action, a non-profit organization dedicated to discovering and promoting solutions to global poverty problems. Karlan was the Chief Economist at the United States Agency for International Development (USAID) from 2022 until resigning in 2025. Prior to 2022, he was on the Executive Committee of the Board of Directors of the M.I.T. Jameel Poverty Action Lab. In 2015, he co-founded ImpactMatters, a nonprofit dedicated to estimating and rating impact of nonprofit organizations in order to help donors choose good charities and to promote more transparency in the nonprofit sector. His research focuses on microeconomic issues of poverty, typically employing experimental methodologies and behavioral economics insights to examine what works, what does not, and why to address social problems This episode was recorded live at EA Global: NYC 2025. Many thanks to the EA Global event organizers and staff for recording this conversation. Links: EA Global Event Page Dean's Website Staff Spencer Greenberg — Host + Director Ryan Kessler — Producer + Technical Lead WeAmplify — Transcriptionists Igor Scaldini — Marketing Consultant Music Broke for Free Josh Woodward Lee Rosevere Quiet Music for Tiny Robots wowamusic zapsplat.com Affiliates Clearer Thinking GuidedTrack Mind Ease Positly UpLift [Read more]

    The Joe Piscopo Show
    The Maduro operation and the possibility of another Trump impeachment

    The Joe Piscopo Show

    Play Episode Listen Later Jan 7, 2026 147:19


    Congresswoman Nicole Malliotakis, Representative for New York's 11th Congressional DistrictTopic: Mamdani's lack of a federal security clearance; Death of Rep. Doug LaMalfa and how this impacts the House Chris Swecker, attorney who served as assistant director of the FBI for the Criminal Investigative Division from 2004 to 2006 Topic: Maduro; Tim Walz; FBI thwarts ISIS-inspired plot at Indiana school Stephen Moore, "Joe Piscopo Show" Resident Scholar of Economics, Chairman of FreedomWorks Task Force on Economic Revival, former Trump economic adviser and the author of "The Trump Economic Miracle: And the Plan to Unleash Prosperity Again"Topic: The impact of Maduro on the economy Mike Gallagher, radio talk show host heard weekday mornings at 10 a.m. on AM 970 The AnswerTopic: Political news of the day Dr. Eric Kaplan, New York City’s first board certified Functional Neurologist practicing in New York and New Jersey, founder of Kaplan Brain & Body, and the host of "Boost Your Brain Power with Dr. Eric Kaplan,” airing Saturdays at 8 a.m. on AM 970 The AnswerTopic: New Year's resolutions and mental health Hogan Gidley, Former National Press Secretary for the Trump campaign and former White House Deputy Press SecretaryTopic: Maduro and the operation's impact on the Trump administration; The possibility of another Trump impeachment Rick de la Torre, Former CIA Station Chief for CaracasTopic: Maduro and his impact on VenezuelaSee omnystudio.com/listener for privacy information.

    Tea for Teaching
    Open Exchanges in College Classrooms

    Tea for Teaching

    Play Episode Listen Later Jan 7, 2026 42:26 Transcription Available


    Ideally, college classrooms provide students with a comfortable but challenging environment in which diverse ideas and viewpoints are openly exchanged; the reality they experience, though, is often quite different. In this episode, David Laibson joins us to discuss how Harvard University is attempting to identify and address barriers to this ideal. David is the Robert I. Goldman Professor of Economics and a Faculty Dean of Lowell House. He has published dozens of heavily cited articles on a wide range of topics, including behavioral economics, self-regulation, behavior change, household finance, and aging. David is a Research Associate in the Aging, Asset Pricing, and Economic Fluctuations Working Group at the National Bureau of Economic Research, member of the National Bureau of Economic Research, and serves on numerous advisory boards. He has received Harvard's Phi Beta Kappa award and a Harvard College Professorship in recognition of his high quality teaching. David is also a co-author of popular textbooks on introductory economics and  a co-editor of the Handbook of Behavioral Economics. A transcript of this episode and show notes may be found at http://teaforteaching.com.

    The Remarkable Leadership Podcast
    How to Be Bold with Ranjay Gulati

    The Remarkable Leadership Podcast

    Play Episode Listen Later Jan 7, 2026 35:42


    How can leaders develop everyday courage in the face of uncertainty? In this episode, Kevin welcomes back Ranjay Gulati to discuss how courage is not something you're born with; it's a mindset that anyone can develop through intentional effort. Ranjay introduces his Nine Cs framework for building everyday courage and shares practical stories and insights to help leaders move from fear to action. Ranjay's Story: Ranjay Gulati is the author of Deep Purpose (2022) and How to Be Bold. He is the Paul R. Lawrence MBA Class of 1942 Professor of Business Administration at Harvard Business School. His pioneering work focuses on unlocking organizational and individual potential—embracing courage, nurturing purpose-driven leaders, driving growth, and transforming businesses. He is the recipient of the 2024 CK Prahalad Award for Scholarly Impact on Practice and was ranked as one of the top ten most cited scholars in Economics and Business over a decade by ISI-Incite. The Economist, Financial Times, and the Economist Intelligence Unit have listed him as among the top handful of business school scholars whose work is most relevant to management practice. He is a Thinkers50 top management scholar, speaks regularly to executive audiences, and serves on the board of several entrepreneurial ventures. He holds a PhD from Harvard University and a Master's degree from MIT. He lives in Newton, Massachusetts with his wife and two children. https://ranjaygulati.com/ https://www.linkedin.com/in/ranjay-gulati https://ranjaygulati.com/leadership-unlocked-signup/ This Episode is brought to you by... Flexible Leadership is every leader's guide to greater success in a world of increasing complexity and chaos.  Book Recommendations How to Be Bold: The Surprising Science of Everyday Courage by Ranjay Gulati To Risk It All: Nine Conflicts and the Crucible of Decision by Admiral James Stavridis USN The Power of Habit: Why We Do What We Do in Life and Business by Charles Duhigg How to Win Friends and Influence People by Dale Carnegie Like this? Lessons from Bold Leaders That Changed History with Jan-Benedict Steenkamp One Bold Move a Day with Shanna Hocking Overcoming Fear, Uncertainty, and Doubt with Brendan Keegan Join Our Community If you want to view our live podcast episodes, hear about new releases, or chat with others who enjoy this podcast join one of our communities below. Join the Facebook Group Join the LinkedIn Group   Leave a Review If you liked this conversation, we'd be thrilled if you'd let others know by leaving a review on Apple Podcasts. Here's a quick guide for posting a review. Review on Apple: https://remarkablepodcast.com/itunes   

    Part Of The Problem
    War With Venezuela

    Part Of The Problem

    Play Episode Listen Later Jan 6, 2026 71:31


    Dave Smith brings you the latest in politics! On this episode of Part Of The Problem, Dave and Robbie "The Fire" Bernstein talk about the capture of the president of Venezuela, questions answered and dodged by Trump as far as plans moving forward, and more.Support Our Sponsors:BodyBrain - Go to BodyBrainCoffee.com, use code DAVE20 for 20% off your first orderMASA Chips - https://www.masachips.com/DAVE My Patriot Supply - https://www.mypatriotsupply.com/problemCrowdHealth - https://www.joincrowdhealth.com/promos/potpPart Of The Problem is available for early pre-release at https://partoftheproblem.com as well as an exclusive episode on Thursday!PORCH TOUR DATES HERE:https://robbernsteincomedy.com/eventsFind Run Your Mouth here:YouTube - http://youtube.com/@RunYourMouthiTunes - https://podcasts.apple.com/us/podcast/run-your-mouth-podcast/id1211469807Spotify - https://open.spotify.com/show/4ka50RAKTxFTxbtyPP8AHmFollow the show on social media:X:http://x.com/ComicDaveSmithhttp://x.com/RobbieTheFireInstagram:http://instagram.com/theproblemdavesmithhttp://instagram.com/robbiethefire#libertarianSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    Thoughts on the Market
    How Venezuela Events Could Affect Markets and Policy

    Thoughts on the Market

    Play Episode Listen Later Jan 6, 2026 5:58


    Our Deputy Director of Global Research Michael Zezas and our U.S. Public Policy Strategist Ariana Salvatore discuss the implications of the U.S action in Venezuela for global markets, foreign and domestic policy.Read more insights from Morgan Stanley.----- Transcript -----Michael Zezas: Welcome to Thoughts on the Market. I'm Michael Zezas, Deputy Global Head of Research for Morgan Stanley. Ariana Salvatore: And I'm Ariana Salvatore, Head of Public Policy Research. Michael Zezas: Today we're talking about the latest events in Venezuela and its implications for global markets.It's Tuesday, January 6th at 10am in New York. So, Ariana, before we get into it: Long time listeners might have noticed in our intro, a changeup in our titles. Ariana, you're stepping in to lead day-to-day public policy research. Ariana Salvatore: That's right. And Mike, you're taking on more of a leadership role across the research department globally. Michael Zezas: Right, which is great news for both of us. And because the interaction between public policy choices and financial markets is as critical as ever, and because collaboration is so important to how we do investment research at Morgan Stanley – tapping into expertise and insight wherever we can find it – you're still going to hear from one of – and sometimes both of us – here on Thoughts on the Market on a weekly basis. Ariana Salvatore: And this week is a great example of this dynamic as we start the New Year with investors trying to decide what, if anything, the recent U.S. intervention in Venezuela means for the outlook for markets. Michael Zezas: Right. So, to that point, the New Year's barely begun, but it's already brought a dramatic geopolitical situation: The U.S. capture and arrest of Venezuela's President Nicolas Maduro – an event that can have far reaching implications for oil markets, energy, equities, sovereign credit, and politics. Ariana, thinking from the perspective of the investor, what's catching your attention right now? Ariana Salvatore: I think clients have been trying to get their arms around what this means for the future of U.S. foreign policy, as well as domestic policy making here too. On the first point, I would say this isn't necessarily a surprise or out of step with the goals that the Trump administration has been at least rhetorically emphasizing all year. Which is to say we think this is really just another data point in a pre-existing longer term trend toward multipolarity. Remember that involves linkage of economic and national security interest. It comes with its own set of investment themes, many of which we've written about, but one in particular would be elevated levels of defense spending globally, as we're in an increasingly insecure geopolitical world. Another tangible takeaway I would say is on the USMCA review. I think the U.S. has likely even more leverage in the upcoming negotiations, and likely is going to push even harder for Mexico to put up trade barriers or take active steps to limit Chinese investment or influence in the country. Enforcement here obviously will be critical, as we've said. And ultimately, we do still think the review results in a slightly deeper trade integration than we have right now. But it's possible that you see tariffs on non-USMCA compliant goods higher, for example, throughout these talks. Michael Zezas: And does this affect at all your expectations for domestic policy choices from the U.S.? Ariana Salvatore: I think it's important to emphasize here that we're just seeing an increasingly diminished role for Congress to play. The past year has been punctuated by one-off US foreign policy actions and a usage of executive authority over a number of different policy areas like immigration, tariffs, and so on. So, I would say the clearest takeaway on the domestic front is we're seeing a policy making pattern that is faster and more unilateral, right? If you don't need time for consensus building on some of these issues, decisions are being made by a smaller and smaller group of people. That in itself just increases policy uncertainty and risk premia, I would say across the board. But Mike, let's turn it back specifically to Venezuela. One of the most important questions is on – what this all means for global oil markets. What are our strategists saying there? Michael Zezas: Yeah. So, oil markets are the natural first place to look when it comes to the impact of these geopolitical events. And the answer more often than not is that the oil market tends not to react too much. And that seems to be the case here following the weekend's Venezuela developments. That's because we don't expect there to be much short-term supply impact. Over the medium-term risks to Venezuela's production skew higher. But while Venezuela famously holds one of the largest oil reserves in the world – it's about 17 percent of the world's oil reserves – in terms of production, its contribution is relatively small. It's less than 1 percent of global output. So, among the top 10 reserve holders, Venezuela is by far the smallest producer. So, you wouldn't expect there to be any real meaningful supply impact in the markets, at least in the near term. So, one area where there has been price movement is in the market for Venezuela sovereign bonds. They have been priced for low recovery values and the potential restructuring that was far off. But now with the U.S. more involved and the prospect of greater foreign investment into the country's oil production, investors have been bidding up the bond price in anticipation of potentially a sooner restructuring and higher recovery value for the bonds. Ariana Salvatore: Right. And to that point, our EM sovereign credit strategists anticipate limited spillover to broader LatAm sovereign credit. Any differentiation is more likely to reflect degrees of alignment with the U.S. and exposure to oil prices and potential increases in Venezuelan production, which could leave Mexico and Columbia among relative under underperformers. Michael Zezas: Right. And this seems like it's going to be an important theme all year because the U.S. actions in Venezuela seem to be a demonstration of the government's willingness to intervene in the Western Hemisphere to protect its interests more broadly. Ariana Salvatore: That's right. So, it's a topic that we could be spending much more time talking about this year. Michael Zezas: Great. Well, Ariana, thanks for taking the time to talk. Ariana Salvatore: Great speaking with you, Mike. Michael Zezas: And as a reminder, if you enjoy Thoughts on the Market, please take a moment to rate and review us wherever you listen; and share Thoughts on the Market with a friend or colleague today.

    The Hartmann Report
    Daily Take: Is Mad King Trump Losing His Sanity?

    The Hartmann Report

    Play Episode Listen Later Jan 6, 2026 13:12


    Is Mad King Trump Losing His Sanity?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    The Hartmann Report
    Who Are the Real Patriots?

    The Hartmann Report

    Play Episode Listen Later Jan 6, 2026 57:59


    On the anniversary of MAGA's bloody attack on Capitol Hill, is the Republican majority draining away in Congress as the reality of Trump's autocratic plans start to sink in?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    The Inquiry
    Can Kenya answer the call for employment?

    The Inquiry

    Play Episode Listen Later Jan 6, 2026 23:56


    Kenya is facing rising public discontent over allegations of political corruption, economic stagnation and a shortage of good quality jobs, particularly for the country's Gen Z. One of the government's flagship responses is an ambitious push into digital outsourcing. It argues that call centres, coding work and other IT-enabled services can position the country as a global hub and generate a million new jobs within five years.The model has worked before in countries such as India and the Philippines, but the global landscape is shifting. Advances in artificial intelligence are already transforming the very roles Kenya hopes to attract, raising questions about whether this strategy can deliver long-term employment at scale.Tanya Beckett asks whether Kenya's vision for digital outsourcing can provide stability and opportunity for the country.This week on The Inquiry, we're asking: Can Kenya answer the call for employment?Contributors Joy Kiiru, senior lecturer at the Department of Economics and Development Studies at the University of Nairobi, KenyaMarcus Larsen, professor at the Copenhagen Business School, Copenhagen, DenmarkDeepa Mani, faculty member and deputy Dean for academic programmes at the Indian School of Business, Hyderabad, India Boaz Munga, research consultant at the Kenya Institute for Public Policy Research and Analysis, Nairobi, Kenya Presenter: Tanya Beckett Producer: Matt Toulson Researcher: Evie Yabsley Editor: Tom Bigwood Technical Producer: Craig Boardman Production Management Assistant: Liam Morrey(Photo: President of Kenya William Ruto. Credit: Luis Tato/Getty Images)

    Today in Focus
    Can a youth club revival help the ‘anxious generation'?

    Today in Focus

    Play Episode Listen Later Jan 6, 2026 24:38


    What is the UK government planning for young people? With Emma Warren. Help support our independent journalism at theguardian.com/infocus

    Psychologists Off The Clock: A Psychology Podcast About The Science And Practice Of Living Well

    So many women grow up hearing that we should be able to have it all, yet very few of us are ever shown what that actually looks like in real life.In this episode, Emily welcomes Corinne Lowe, an associate professor of Business Economics and Public Policy. Corinne shares insights from her book, Having It All: What Data Tells Us About Women's Lives and Getting the Most Out of Yours, which examines gender wage gaps, structural discrimination, and the pressures women face when balancing career, family, and personal life.This conversation focuses on redefining success in a way that truly fits your values, being more intentional with your time, and finding fulfillment on your own terms. You'll also come away with practical strategies for workplace negotiations, rethinking productivity, and creating a more sustainable balance between work and life.Listen and Learn: How structural barriers limit women's career and wage growth, and encourage redefining success by focusing on personal fulfillment and leveling up within those realitiesHow women face systemic workplace barriers that collectively limit their opportunities and earnings, and why addressing these issues benefits everyoneDebunking myths about women's performance, showing that traits like negotiation skill and competitiveness are not inferior, and that focusing on evidence-based skill-building is what truly drives successUnderstanding and prioritizing your own “utility function” to help women focus on what matters to them, rather than constantly comparing themselves to othersHow to rethink your career as a tool for turning time into meaningful fulfillment, balance life's chapters intentionally, and confidently understand your market value to make work serve youReclaiming your time, setting boundaries, and making intentional choices to focus on what truly brings joy and meaning to your family and life, instead of being trapped by guilt, obligation, or unrealistic expectationsReframing parenting and self-care as “human capital” investment, showing how the time and care you give to your children and to yourself is meaningful, economically valuable, and essential for long-term wellbeingResources: Having It All: What Data Tells Us About Women's Lives and Getting the Most Out of Yours: https://bookshop.org/a/30734/9781250369512Corrine's Website: https://www.corinnelow.com Connect with Corrine on Social Media: https://www.instagram.com/corinnelowphd/https://www.linkedin.com/in/corinne-lowhttps://www.facebook.com/people/Corinne-Low Read More About Corrine's Work on Substack: https://corinnelow.substack.com/ About Corinne LowCorinne Low is an Associate Professor of Business Economics and Public Policy at the Wharton School of the University of Pennsylvania where she teaches an award-winning class (and was named one of Poets and Quants 40 MBA Professors under 40 in 2024). Her research on the economics of gender has been published in top journals such as the American Economic Review, Quarterly Journal of Economics, and Journal of Political Economy. Corinne and her work have been featured in major media outlets, such as The New York Times, CBS Mornings, Forbes, New York Magazine, and The Guardian. Corinne regularly speaks to and advises firms in addition to teaching in Wharton's Executive Education programs. She is the author of Having It All: What Data Tells Us About Women's Lives and Getting the Most Out of Yours. She received her Ph.D. in Economics from Columbia University, her B.S. in Economics and Public Policy from Duke University and formerly worked for McKinsey and Company.Related Episodes:398. Finding Joy in Your Relationship with Money with Elizabeth Husserl357. Is Your Work Worth It? How to Think About Meaningful Work with Jennifer Tosti-Kharas and Christopher Wong Michaelson275. Work, Parent, Thrive with Yael Schonbrun245. Family Firm with Emily Oster206. Fair Play Part 2 with Eve Rodsky176. Fair Play with Eve Rodsky174. How to Work and Parent Mindfully with Lori Mihalich-LevinSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    Solar Maverick Podcast
    SMP 257: Why the Next Five Years Belong to Energy Storage?

    Solar Maverick Podcast

    Play Episode Listen Later Jan 6, 2026 34:32


    Episode Notes In this episode of the Solar Maverick Podcast, host Benoy Thanjan sits down with Jarand Rystad, Founder and CEO of Rystad Energy, one of the world's leading energy intelligence and data advisory firms. Jarand explains why solar has dramatically outperformed historical forecasts, how rapid cost declines have reshaped global power markets, and why many regions are now facing a new challenge: too much solar at the wrong times. As grids become saturated with midday generation, energy storage has emerged as the critical missing link. The conversation explores why the next five years will belong to energy storage, how batteries enable higher renewable penetration, and what this shift means for pricing, grid stability, and project economics. Jarand also shares insights on powering the AI and data center boom, the evolving role of gas and nuclear, long-duration storage innovations, and why electrification is fundamentally transforming the global energy system. This episode is a must-listen for anyone looking to understand where the energy transition is headed, how markets are behaving beneath the headlines, and where the biggest opportunities will emerge over the next decade.   Biographies Benoy Thanjan Benoy Thanjan is the Founder and CEO of Reneu Energy, solar developer and consulting firm, and a strategic advisor to multiple cleantech startups. Over his career, Benoy has developed over 100 MWs of solar projects across the U.S., helped launch the first residential solar tax equity funds at Tesla, and brokered $45 million in Renewable Energy Credits (“REC”) transactions. Prior to founding Reneu Energy, Benoy was the Environmental Commodities Trader in Tesla's Project Finance Group, where he managed one of the largest environmental commodities portfolios. He originated REC trades and co-developed a monetization and hedging strategy with senior leadership to enter the East Coast market. As Vice President at Vanguard Energy Partners, Benoy crafted project finance solutions for commercial-scale solar portfolios. His role at Ridgewood Renewable Power, a private equity fund with 125 MWs of U.S. renewable assets, involved evaluating investment opportunities and maximizing returns. He also played a key role in the sale of the firm's renewable portfolio. Earlier in his career, Benoy worked in Energy Structured Finance at Deloitte & Touche and Financial Advisory Services at Ernst & Young, following an internship on the trading floor at D.E. Shaw & Co., a multi billion dollar hedge fund. Benoy holds an MBA in Finance from Rutgers University and a BS in Finance and Economics from NYU Stern, where he was an Alumni Scholar.   Jarand Rystad  Jarand Rystad founded Rystad Energy in 2004 and has, since its inception, managed the company. Jarand has extensive experience in the energy strategy advisory business and his areas of expertise include energy system analysis, energy scenarios, renewables, supply chains, emissions, asset and company valuations and transactions, macro analysis, and all aspects of the energy transition. As an established thought leader in these and other fields, Jarand is a frequent keynote speaker at international conferences related to energy.  He is, according to the Financial Times, “one of the most cited petroleum analysts in the industry”. Prior to founding Rystad Energy, Jarand worked for McKinsey & Company. He holds an M.Sc. degree in Physics from the Norwegian University of Science and Technology, where he majored with a thesis in asteroseismology. Jarand also has an academic background in philosophy and has been the leader and founder of various organizations. Stay Connected: Benoy Thanjan Email: info@reneuenergy.com  LinkedIn: Benoy Thanjan Website: https://www.reneuenergy.com Website: https://www.solarmaverickpodcast.com/       Jarand Rystad      Linkedin: https://www.linkedin.com/in/jarand-rystad/     Email:  jarand@rystadenergy.com     Website:  https://www.rystadenergy.com/     Rystad Energy's Podcast:  https://www.rystadenergy.com/podcasts?s=         Please provide 5 star reviews      If you enjoyed this episode, please rate, review and share the Solar Maverick Podcast so more people can learn how to accelerate the clean energy transition.    Reneu Energy Reneu Energy provides expert consulting across solar and storage project development, financing, energy strategy, and environmental commodities. Our team helps clients originate, structure, and execute opportunities in community solar, C&I, utility-scale, and renewable energy credit markets. Email us at info@reneuenergy.com to learn more.

    EconTalk
    Conversation, Interintellect, and Arcadia (with Anna Gat)

    EconTalk

    Play Episode Listen Later Jan 5, 2026 82:15


    If technology is ruining the art of conversation, maybe it can save it, too. Anna Gat--poet, screenwriter, playwright, and founder of Interintellect--talks with EconTalk's Russ Roberts on how she's reviving the French salon in the digital age. They discuss why authority, moderation, and clear formats make conversation freer, not more constrained. They also explore why one of the greatest of modern plays--Tom Stoppard's Arcadia--is so resonant not only as a live theatrical performance, but also when read aloud, both alone and in a group. They conclude the episode by connecting Arcadia's themes to Gat's mission at Interintellect: Namely, preserving the value of thinking together across generations, disciplines, and worldviews.

    Thoughts on the Market
    The Bullish Signals That Investors Overlook

    Thoughts on the Market

    Play Episode Listen Later Jan 5, 2026 5:12


    Our CIO and Chief U.S. Equity Strategist Mike Wilson discusses key catalysts that investors may be missing, but that are likely to boost U.S. equities in 2026.Read more insights from Morgan Stanley.----- Transcript -----Welcome to Thoughts on the Market. I'm Mike Wilson, Morgan Stanley's CIO and Chief U.S. Equity Strategist. Today on the podcast I'll be discussing the converging market forces bolstering our bullish outlook for 2026. It's Monday, January 5th at 11:30am in New York. So, let's get after it. The New Year is usually a time to look forward. But today, I want to take a step back and talk about what the market is missing. A series of bullish catalysts are lining up at the same time, and the market is still underestimating their collective impact. There's been a lot of focus on individual positives—solid earnings growth, further Fed easing—but in our view, the real story is how these forces are reinforcing one another. Deregulation, positive operating leverage, accommodative monetary policy, and increasingly supportive fiscal policy are all working in the same direction. And as we head into mid-term elections later this year, these policy levers are likely to stay supportive.Importantly, this isn't a market that's already priced for the outcomes I envision. Positioning in cyclical trades remains relatively light, and sentiment in economically sensitive areas is far from exuberant. That combination—of improving fundamentals with cautious positioning—is exactly what tends to characterize the early stages of a recovery. I continue to believe these tailwinds are most underappreciated in cyclical areas like Consumer Discretionary Goods, Financials, Industrials, and small- and mid-cap stocks. Many of the indicators we track are only just beginning to turn higher. This doesn't look late-cycle to me—it looks early in what I have deemed to be a rolling recovery. One reason investors have been hesitant is the sluggishness of traditional business-cycle indicators, particularly the ISM Manufacturing Purchasing Managers Index. There's been a reluctance to press cyclical trades until those gauges clearly re-accelerate; and beneath that hesitation is a lingering anxiety that the U.S. economy could even slip back into a growth scare. My view is different. I believe a three year rolling recession ended with Liberation Day. If that's true, then the moderate softness we're now witnessing in lagging labor data is constructive for equities because it keeps the Fed leaning dovish for longer and more aggressive—a positive for equities. I see the second half of 2025 as the bottoming process for key macro indicators; with 2026 shaping up as a year of re-acceleration. Longer-cycle analysis supports this. Specifically, the 45-month cycle of the ISM Manufacturing Purchasing Managers Index points to a rebound. That recovery has been delayed—but not cancelled. Another tailwind that doesn't get nearly enough attention is energy prices. Gasoline prices in particular are sitting near five-year lows, which is providing real economic relief for lower- and middle-income consumers. That cushion matters, especially as other parts of the economy firm. This past weekend's events in Venezuela argue for lower oil prices for longer. From a sector standpoint, Financials stand out as the key beneficiary of deregulation and these stocks have been great performers over the past year in anticipation of these changes. I think there is more to go in 2026. Housing could be another important piece of the recovery. Subdued wage growth and falling rents may pressure home prices, while some builders are prioritizing volume over margins. While that may cap profitability for the builders, it could unlock housing velocity and feed into a more dovish inflation backdrop. Of course, there are also risks. Liquidity has been our top concern since September, and markets have reflected that through weakness in speculative assets. The good news is that the Fed has responded by ending quantitative tightening early and restarting asset purchases through the Reserve Management Program. This effectively adds liquidity to a system that was showing signs of stress this past several months. Another risk is a renewed slowdown in AI CapEx, particularly as markets demand clearer payback from debt-funded spending. And geopolitically, the U.S. intervention in Venezuela raises new questions. Strategically, it reinforces U.S. influence in the Western Hemisphere and supports our ‘Run It Hot' thesis—but the key wildcard remains whether China chooses to react. Net-net, we think the balance of risks and rewards still favor leaning into this early-cycle recovery and our bullish outlook for US equities in 2026. Thanks for tuning in; I hope you found it informative and useful. Let us know what you think by leaving us a review. And if you find Thoughts on the Market worthwhile, tell a friend or colleague to try it out!

    The Hartmann Report
    Daily Take: Trump Didn't Merely Borrow Strongman Tactics: He Imported an Entire Doctrine Built to Kill Democracies

    The Hartmann Report

    Play Episode Listen Later Jan 5, 2026 12:14


    Trump Didn't Merely Borrow Strongman Tactics: He Imported an Entire Doctrine Built to Kill Democracies...See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    The Hartmann Report
    The Imperial President Moves on Venezuela

    The Hartmann Report

    Play Episode Listen Later Jan 5, 2026 58:00


    How do all the pieces fit together?- Xi and Putin's spheres of influence, the "Donroe" doctrine, Trump's lies- and promises to big oil.. Marco Rubio and his patron Paul Singer.. and his pending purchase of Citgo?.. Greg Palast and Malcolm Nance join Thom for a deep dive.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.