Podcasts about Economics

Long-term care is expensive in the United States. With Medicaid spending cuts looming and the Trump administration's deportation plans threatening the caregiving workforce, the system is under even more pressure. On today's show, Allison Hoffman, health law expert at the University of Pennsylvania's Carey Law School, joins Kimberly to unpack why the caregiving industry suffers from chronic labor shortages and how the U.S. could finance long-term care differently to make it more affordable. Here's everything we talked about today:"What Role Do Immigrants Play in The Direct Long-Term Care Workforce?" from KFF"Trump's deportation plans threaten 400,000 direct care jobs: Older adults and people with disabilities could lose vital in-home support" from Economic Policy Institute "A brief history of Medicaid and America's long struggle to establish a health care safety net" from The Conversation "The age-old problem of long-term care" from MIT News "Solving the Home Care Quandary" from The New York TimesJoin us tomorrow for “Economics on Tap.” The YouTube livestream starts at 3:30 p.m. Pacific time, 6:30 p.m. Eastern.

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 recent terrorist attack in Australia, Donald Trump's tweet regarding Rob Reiner's death, the wildest statements made by trump at his Hanukkah reception, and more.Order Lauren Smith's book here: https://a.co/d/67djjBpSupport Our Sponsors:The Wellness Company - For the men! Balance hormones naturally with MARS from The Wellness Company! https://twc.health/problem and use code PROBLEM for 10% + Free Shipping on all orders.Proton - Get Proton Drive using Dave's exclusive offer! -https://www.proton.me/davesmithRidge - https://ridge.com/potp10Express VPN: https://www.expressvpn.com/problemPart 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://www.eventbrite.com/cc/porch-tour-2025-4222673Find 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#libertarian See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Our Head of Corporate Research Andrew Sheets and Chief Investment Officer for Morgan Stanley Wealth Management Lisa Shalett unpack what's fueling persistent U.S. inflation and how investors could adjust their portfolios to this new landscape.Read more insights from Morgan Stanley.----- Transcript -----Andrew Sheets: Welcome to Thoughts on the Market. I'm Andrew Sheets, Head of Corporate Credit Research at Morgan Stanley. Lisa Shalett: And I'm Lisa Shalett, Chief Investment Officer for Morgan Stanley Wealth Management. Andrew Sheets: Today, is inflation really transitory or are we entering a new era where higher prices are the norm? Andrew Sheets: It's Thursday, December 18th at 4pm in London. Lisa Shalett: And it's 11am in New York. Andrew Sheets: Lisa, it's great to talk to you again. And, you know, we're having this conversation in the aftermath of, kind of, an unusual dynamic in markets when it comes to inflation. Because inflation is still hovering around 3 percent. That's well above the Federal Reserve's 2 percent target. And yet the Federal Reserve recently lowered interest rates again. Fiscal policy remains very stimulative, and I think there's this real question around whether inflation will moderate? Or whether we're going to see inflation be higher for longer. And you know, you are out with a new report touching on some of the issues behind this and why this might be a structural shift higher in inflation. So, we'd love to get your thoughts on that, and we'll drill down into the various drivers as this conversation goes on. Lisa Shalett: Thanks Andrew. And look, I think as we take a step back, and the reason we're calling this a regime change is because we see factors for inflation coming from both the demand side and the supply side. For example, on the demand side, the role of the infrastructure boom, the GenAI infrastructure boom, has become global. It has caused material appreciation of many commodities in 2025. We're seeing it obviously in some of the dynamics around precious metals. But we're also seeing it in industrial metals. Things like copper, things like nickel. We're also seeing demand factors that may stem from the K-shaped economy. And the K-shaped economy, as we know, is really about this idea that the wealthiest folks are increasingly dominating consumption. And they are getting wealthy through financial asset inflation. On the supply side, there are dynamics like immigration, dynamics around the housing market that we can talk about. But perhaps the wrapper around all of it is how policy is shifting – because increasingly policymakers are being constrained by very high levels of debt and deficits. And determining how to fund those debts and deficits actually removes some of the degrees of freedom that central bankers may have when it comes to actually using interest rates to constrain demand. Andrew Sheets: Well, Lisa, this is such a great point because we're financial analysts. We're not political analysts. But it seems safe to say that voters really don't like inflation. But they also don't like some of the policies that would traditionally be assigned to fight inflation – be they higher interest rates or tighter fiscal policy. And even some of the more recent political shifts that we've seen – I'm talking about the U.S. around, say, immigration policy could arguably be further tightening of that supply side of the economy – measures designed to raise wages, almost explicitly in their policy goals. So how do you see that dynamic? And, again, kind of where does that leave, you think, policy going forward? Lisa Shalett: Yeah. I think the very short answer – our best guess is that policy becomes constrained. So, on the monetary side, we're already seeing the Fed beginning to signal that perhaps they're going to rely on other tools in the toolkit. And what are those tools in the toolkit? Well, they're managing the size of their balance sheet, managing the duration or the mix of things that they hold in the balance sheet. And it's actual, you know, returns to how they think about reserve management in the banking system. All of those things, all of those constraints may enable the U.S. government to fund debts, right? By buying the Treasury bill issuance, which is, you know, swollen to almost [$]2 trillion a year in terms of U.S. deficits. But on the fiscal side, right, the interest payments on debt, begins to crowd out other government spending. So, policy itself in this era of fiscal dominance becomes constrained – both in, you know, Washington, D.C. and from Congress – what they can do, their degrees of freedom – and what the central bank can do to actually control inflation. Andrew Sheets: Another area that you touch on in your report is energy and technology, which are obviously related with this large boom that we're seeing – and continue to expect in AI data center construction. This is a lot of spending on the technology. This is a lot of power needed to power that technology and U.S. data center electricity demand is growing at a rapid rate. And transmission constraints are causing prices to go up. A price that is a pretty visible price for a lot of people when they get their utility bill. So, how do these factors you think shape the story? And where do you think they're going to go as we look into the future? Lisa Shalett: Yeah, 100 percent. I mean, I think, you know, when we talk about, you know, who's going to dominate in Generative AI globally, one of the factors that we have to take into consideration is what is the cost of power? What is the cost of electricity? What is the age of the infrastructure to both generate that electricity and transport it? And transmit it? This is one of the areas where the U.S., at the minute, is facing genuine constraints. When you think about some of the forecasts that have been put out there in terms of $10 trillion of spending related to Generative AI, the number of data centers that are going to be built, and the power shortfall that has been forecast. We're talking about someone having to pay the price, if you will, to ration power until you can upgrade the grid. And in the U.S., that grid upgrade, to be blunt, has lagged some of the rest of the world. Not only because the rest of the world was slower to modernize and leapfrogged in many ways. But we know in China, for example, they have one of the lowest electricity generation costs on the planet. That is an advantage for them. So, we have to consider that power generation writ large is potentially a force for upward inflation, at least in the short term. Andrew Sheets: So we have the fiscal policy backdrop. We have an AI spending backdrop both contributing to the demand side of inflation. We have these supply constraints, whether it's housing or labor also, you know, potentially being more structural drivers of higher inflation. The question I'm sure that investors are asking you is, what should they do about it? So, can you walk us through the key strategies that investors might want to consider as they navigate a new inflationary regime? Lisa Shalett: Sure. So, the first thing that we think it's really important for folks to appreciate is that typically when we've been in these higher inflation regimes in the past, stocks and bonds become positively correlated. And what that means is that the power of a very simple 60-40 or stock-bond-cash portfolio to provide complete or optimal diversification fades. And it requires investors to potentially consider investing, especially beyond fixed income. Stocks very often are pro-inflationary assets; meaning many, many companies have the power to pass through price increases. If you are consuming income from a fixed income or a bond instrument, inflation is your enemy, right? Because it's eating into your real returns. And so, one of the things that we're talking with our clients a lot about in terms of portfolio construction are things like adding real assets, adding infrastructure assets, adding energy, transportation assets, adding commodities. Adding gold even, to a certain extent. You know, there may be cryptocurrencies that have lower correlations to their portfolios. Andrew Sheets: Just to play devil's advocate, you can imagine that some investors might say, ‘Well, I can look in the market at long-term inflation expectations.' And those long-term inflation expectations have been kind of stable and a bit above the Fed's target. But not dramatically. So, what do you say to that? And what do you think those markets either might be missing? Or how could investors leverage that more benign view that's out there in the market? Lisa Shalett: Yeah, so look, I think here's where the debate, right? Our perception has been that inflation expectations have remained extraordinarily anchored – because investors have actually reasonably short memories on the one hand, and we have, by and large, been in disinflationary times. Second, there's extraordinary faith in policy makers – that policy makers will fight inflation. And I think the third thing is that there's extraordinary faith in the deflationary forces of technology. Now, all three of those things may absolutely, positively be true. The problem that we have is that the alternate case, right? The case that we're making – that maybe we're in a new inflationary regime is not priced, and the risk is non-zero. And so, what we see, and what we're watching is – how steep does the yield curve get, right? As we look at yields in the 10-30-year tenure – what is driving those rates higher? Is it a generic term premium? Or are we starting to see an unanchoring, if you will, of inflation expectations. And it takes a while for people to appreciate regime change. And so, look, as is always the case, there's no absolutes in the market. There's no one theory that is priced and the other theory is not. But sometimes you want to hedge, and we think that we're going through a period where diversified portfolios and hedging for these alternative outcomes -- because there are such powerful structural crosscurrents – is the preferred path. Andrew Sheets: Lisa, thanks for sharing your insights Lisa Shalett: Of course, Andrew. That's my pleasure. Andrew Sheets: As a reminder, if you enjoy Thoughts on the Market, please take a moment to rate and review us, wherever you listen. It helps more people find the show.

Long-term care is expensive in the United States. With Medicaid spending cuts looming and the Trump administration's deportation plans threatening the caregiving workforce, the system is under even more pressure. On today's show, Allison Hoffman, health law expert at the University of Pennsylvania's Carey Law School, joins Kimberly to unpack why the caregiving industry suffers from chronic labor shortages and how the U.S. could finance long-term care differently to make it more affordable. Here's everything we talked about today:"What Role Do Immigrants Play in The Direct Long-Term Care Workforce?" from KFF"Trump's deportation plans threaten 400,000 direct care jobs: Older adults and people with disabilities could lose vital in-home support" from Economic Policy Institute "A brief history of Medicaid and America's long struggle to establish a health care safety net" from The Conversation "The age-old problem of long-term care" from MIT News "Solving the Home Care Quandary" from The New York TimesJoin us tomorrow for “Economics on Tap.” The YouTube livestream starts at 3:30 p.m. Pacific time, 6:30 p.m. Eastern.

A stark look at the speech that blurred the line between leadership and losing control on the world stage…See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

FCC scrubs "independent agency" language from their website as they decide they're with the dictator. Phil Ittner - Ukraine Update - reality bites...Russia. Trump Turns the White House Into a Petty Propaganda Museum.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

36:16- Hogan Gidley, Former National Press Secretary for the Trump campaign and former White House Deputy Press Secretary Topic: President Trump's White House address 50:01- Joseph diGenova, former U.S. Attorney for the District of Columbia Topic: Nick Reiner in court yesterday; Judicial vacancies 1:10:58- 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: "Abysmal Reading and Math Scores Pose Greatest Threat to America’s Prosperity" (op ed); President Trump's White House address 1:34:47- Joseph Giacalone, retired NYPD Detective Sergeant and an adjunct professor at the John Jay College of Criminal Justice Topic: Investigation into the Brown University shooting; Jewish man stabbed in New York City 1:45:58- Lee Zeldin, Administrator of the Environmental Protection AgencyTopic: President Trump's White House address 2:01:15- Daniel Hoffman, Ret. CIA Senior Clandestine Services Officer and a Fox News ContributorTopic: Ukraine carries out first-ever underwater drone strike on Russian submarineSee omnystudio.com/listener for privacy information.

Hablamos en Bogotá con Fabio Humar, abogado de la familia De Bedout; en Londres con la periodista María José Restrepo, politóloga del London School of Economics, y en Madrid con Carlos Malamud, investigador del Real Instituto Elcano

It's the most wonderful time of the year, when asset managers release their prognostications for the next 12 months, and investors hope that a Santa rally delivers a late-December boost to their portfolios. In our last episode of 2025, Brian Levitt explains why he wanted to name Invesco's 2026 outlook “K-Pop,” but decided on “Resilience and Rebalancing” instead. (Invesco Distributors, Inc.)

Send us a textAbout Dr. Cheryl Chapman:Dr. Cheryl Chapman, OD, FIAOMC, FAAO, Diplomate ABOVice-President Board of Directors, American Academy of Orthokeratology and Myopia Control (AAOMC)Dr. Chapman works in private practice in Gretna, Nebraska.  She has instituted a full scope myopia management clinic within her practice and works tirelessly at spreading myopia management knowledge.  In addition to working one-on-one with doctors to implement practice protocols, she lectures within the optometric community as well as to local pediatricians and ophthalmologists.  Serving as an Adjunct Assistant Professor at the University of the Incarnate Word Rosenberg School of Optometry, Dr. Chapman also enjoys working closely in training 4th year extern students in current myopia management strategies.  She is a graduate of the University of Houston College of Optometry.----If you're considering or have ever considered getting a virtual team member for your practice check out hiredteem.com, mention The Myopia Podcast when signing up for a $250 dollar discount off of your first month's teem member.https://hireteem.com/myopia-podcast/

Claire de Mézerville López welcomes Blair Kirby and Professor Mark Osler to the Restorative Works! Podcast. Blair and Mark join us to illuminate how restorative practices intersect with clemency work, storytelling, and systemic reform. Their conversation opens a window into the human impact of policies that often feel remote, revealing how small acts of recognition and repair can shift entire systems toward healing. Mark tells us about his commutation clinic at the University of St. Thomas School of Law, where he guides students as they uncover untold stories, meet directly with clients inside federal prisons, and learn how authentic narrative reshapes justice. Blair, a third-year law student and senior editor of the Journal of Law and Public Policy, brings her own lens as a former data analyst turned advocate. Her retelling of a first-degree murder clemency case, where three heartfelt apology letters were lost inside the corrections system, reveals how transparency and communication influence a victim's family's capacity to heal. Together, Mark and Blair describe how the commutation clinic operates at both the individual and systemic level, helping incarcerated people tell the fuller stories of their lives while also proposing legislative reforms that expand access to second chances. They highlight clients whose transformations demonstrate the power of rehabilitation, the role of narrative in restorative justice, and the responsibility of legal advocates to restore humanity, not simply file petitions. Blair grew up in South Korea and came to the US on her own at 15. After graduating from Macalester College with degrees in Applied Mathematics, Statistics, and Economics, she worked with government agencies, such as the Food and Drug Administration (FDA) and the Centers for Disease Control and Prevention (CDC) on epidemiology studies during the COVID-19 pandemic as a data and policy analyst in the Bay Area of California. She is currently a student at the University of St. Thomas School of Law (MN). Mark is the Robert and Marion Short Professor of Law at the University of St. Thomas, where he was chosen as Professor of the Year in 2016, 2019, and 2022. He also holds the Ruthie Mattox Preaching Chair at First Covenant Church, Minneapolis. His writing on clemency, sentencing, and narcotics policy has appeared in the New York Times, the Washington Post, and The Atlantic and in law journals at Harvard University, Stanford University, the University of Chicago, Northwestern, Georgetown, the University of Texas, Ohio State, UNC, William and Mary, and Rutgers. A former federal prosecutor, he won the case of Spears v. United States in the U.S. Supreme Court, with the Court ruling that judges could categorically reject the 100-to-1 ratio between crack and powder cocaine in the federal sentencing guidelines. Mark is a graduate of the College of William and Mary and Yale Law School. Tune in to discover how storytelling, advocacy, and courageous leadership move restorative justice from theory into action.

BP ousts its CEO Murray Auchincloss overnight following investor frustration with net zero strategy and share under-performance. He is replaced by Woodside Petroleum's Meg O'Neill who becomes the oil major's fourth boss in six years. EU leaders gather in Brussels at a crucial summit to decide funding for Ukraine. And European investors await ‘Super Thursday' with central banks' rates decisions expected from the ECB, Riksbank, Norgesbank and BoE later today.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Our Public Policy Strategists Michael Zezas and Ariana Salvatore break down key moves from the White House, U.S. Congress and Supreme Court that could influence markets 2026.Read more insights from Morgan Stanley.----- Transcript -----Michael Zezas: Welcome to Thoughts on the Market. I'm Michael Zezas, Global Head of Fixed Income Research and Public Policy Strategy.Ariana Salvatore: And I'm Ariana Salvatore, U.S. Public Policy Strategist.Michael Zezas: Today we'll be talking about the outlook for U.S. public policy and its interaction with markets into 2026.It's Wednesday, December 17th at 10:30am in New York.So, Ariana, we published our year ahead outlook last month. And since then, you've been out there talking to clients about U.S. public policy, its interaction with markets, and how that plays into 2026. What sorts of topics are on investors' minds around this theme?Ariana Salvatore: So, the first thing I'd say is clients are definitely interested in our more bullish outlook, in particular for the U.S. equity market. And normally we would start these conversations by talking through the policy variables, right? Immigration, deregulation, fiscal, and trade policy. But I think now we're actually post peak uncertainty for those variables, and we're talking through how the policy choices that have been made interact with the outlook.So, in particular for the equity market, we do think that some of the upside actually is pretty isolated from the fact that we're post peak uncertainty on tariffs, for example. Consumer discretionary – the double upgrade that our strategists made in the outlook has very little to do with the policy backdrop, and more to do with fundamentals, and things like AI and the dollar tailwind and all of all those factors.So, I think that that's a key difference. I would say it's more about the implementation of these policy decisions rather than which direction is the policy going to go in.Michael Zezas: Picking up on that point about policy uncertainty, when we were having this conversation a year ago, right after the election, looking into 2025, the key policy variables that we were going to care about – trade, fiscal policy regulation – there was a really wide range of plausible outcomes there.With tariffs, for example, you could make a credible argument that they weren't going to increase at all. But you could also make a credible argument that the average effective tariff rate was going to go up to 50 or 60 percent. While the tariff story certainly isn't over going into 2026, it certainly feels like we've landed in a place that's more range bound. It's an average effective tariff rate that's four to five times higher than where we started the year, but not nearly as high as some of the projections would have. There's still some negotiation that's going on between the U.S. and China and ways in which that could temporarily escalate; and with some other geographies as well. But we think the equilibrium rate is roughly around where we're at right now.Fiscal policy is another area where the projections were that we were going to have anything from a very substantial deficit expansion. Tax cuts that wouldn't be offset in any meaningful way by spending cuts; to a fiscal contraction, which was going to be more focused on heavier spending cuts that would've more than offset any tax cuts. We landed somewhere in between. It seems like there's some modest stimulus in the pipe for next year. But again, that is baked. We don't expect Congress to do much more there.And in terms of regulation, listen, this is a little bit more difficult, but regulatory policy tends to move slowly. It's a bureaucratic process. We thought that some of it would start last year, but it would be in process and potentially hit next year and the year after. And that's kind of where we are.So, we more or less know how these variables have become something closer to constants, and to your point, Ariana now it's about observing how economic actors, companies, consumers react to those policy choices. And what that means for the economy next year.All that said, there's always the possibility that we could be wrong. So, going back to tariffs for a minute, what are you looking at that could change or influence trade policy in a way that investors either might not expect or just have to account for in a new way?Ariana Salvatore: So, I would say the clearest catalyst is the impending decision from the Supreme Court on the legality of the IEEPA tariffs. I think on that front, there are really two things to watch. The first is what President Trump does in response. Right now, there's an expectation that he will just replace the tariffs with other existing authorities, which I think probably should still be our base case. There's obviously a growing possibility, we think, that he actually takes a lighter touch on tariffs, given the concerns around affordability. And then the second thing I would say is on the refunds piece. So, if the Supreme Court does, in fact, say that the Treasury has to pay back the tariff revenue that it's collected, we've investigated some different scenarios what that could look like. In short, we think it's going to be dragged out over a long time period, probably six months at a minimum. And a lot of this will come down to the implementation and what specifically Treasury and CBP, its Customs and Border Protection, sets up to get that money back out to companies.The second catalyst on the trade front is really the USMCA review. So, this is an important topic because it matters a lot for the nearshoring narrative, for the trade relationship that the U.S. has with Mexico and Canada. And there are a number of sectors that come into scope. Obviously, Autos is the clearest impact.So, that's something that's going to happen by the middle of next year. But early in January, the USTR has to give his evaluation of the effectiveness of the USMCA to Congress. I think at that point we're going to start to see headlines. We're going to go start to see lawmakers engage more publicly with this topic. And again, a lot at stake in terms of North American supply chains. So that's going to be a really interesting development to keep an eye on next year too.Michael Zezas: So, what about things that Congress might do? Recently the President and Democrats have been talking about the concept of affordability in the wake of some of the off-cycle elections, where that appeared to influence voter behavior and give Democrats an advantage. So are there policies, any legislative policies in particular, that might come to the forefront that might impact how consumers behave?Ariana Salvatore: So a really important starting point here is just on the process itself, right? So, as we've said, one of the more reliable historical priors is that it's difficult to legislate during election years. That's a function of the fact that lawmakers just aren't in D.C. as often. You also have limited availabilities in terms of procedure itself because Republicans would have to probably do another Reconciliation Bill unless you get some bipartisan support.But hitting on this topic of affordability, there really are a few different things on the table right now. Obviously, the President has spoken about these tariff dividend checks, the $2,000. They've spoken about making changes on housing policy, so housing deregulation, and then the third is on these expanded ACA subsidies.Those were obviously the crux of the government shutdown debate. And for a variety of reasons, I think each of these are really challenging to see moving over the finish line in the coming months. We think that you would need to see some sort of exogenous economic downturn, which is not currently in our economists' baseline forecast, to really get that kind of more reactive fiscal policy.And because of those procedural constraints, I would just go back to the point we were saying earlier around tariff policy and maybe the Supreme Court decision, giving Trump this opportunity to pull back a little bit. It's really the easiest and most available policy lever he has to address affordability. And to that point, the administration has already taken steps in this direction. They provided a number of exemptions on agricultural products and said they weren't going to move forward with the Section 232 tariffs on semiconductors in the very near term. So, we're already seeing directionally, I would say, movement in this area.Michael Zezas: Yeah. And I think we should also keep our eye on potential legislation around energy exploration. This is something that in the past has had bipartisan support loosening up regulations around that, and it's something that also ties into the theme of developing AI as a national imperative. That being said, it's not in our base case because Democrats and Republicans might agree on the high points of loosening up regulations for energy exploration. But there's a lot of disagreements on the details below the surface.But there's also the midterm elections next year. So, how do you think investors should be thinking about that – as a major catalyst for policy change? Or is it more of the same: It's an interesting story that we should track, but ultimately not that consequential.Ariana Salvatore: So obviously we're still a year out. A lot can change. But obviously we're keeping an eye on polling and that sort of data that's coming in daily at this point. The historical precedent will tell you that the President's party almost always loses seats in a midterm election. And in the House with a three-seat majority for Republicans, the bar's actually pretty low for Democrats to shift control back. In the Senate, the map is a little bit different. But let's say you were to get something like a split Congress, we think the policy ramifications there are actually quite limited. If you get a divided government, you basically get fiscal gridlock. So, limits to fiscal expansion, absent like a recession or something like that – that we don't expect at the moment. But you really will probably see legislation only in areas that have bipartisan support.In the meantime, I think you could also expect to see more kind of political fights around things like appropriations, funding the government, the debt ceiling that's typical of divided governments, unless you have some area of bipartisan support, like I said. Maybe we see something on healthcare, crypto policy, AI policy, industrial policy is becoming more of the mainstream in both parties, so potentially some action there.But I think that's probably the limit of the most consequential policy items we should be looking out for.Michael Zezas: Right, so the way I've been thinking about it is: No clear new policies that someone has to account for coming out of the midterms. However, we definitely have to pay attention. There could be some soft signals there about political preferences and resulting policy preferences that might become live a couple years down the line after we get into the 2028 general elections – and the new power configuration that could result from that.So – interesting, impactful, not clear that there'll be fundamental catalysts. And probably along the way we should pay attention because markets will discount all sorts of potential outcomes. And it could get the wrong way on interpreting midterm outcomes, which could present opportunities. So, we'll certainly be tracking that throughout 2026.Ariana Salvatore: Yeah. And if you think about the policy items that President Trump has leaned on most heavily this year and that have mattered for markets, there are things in the executive branch, right? So, tariff policy obviously does not depend on Congress. Deregulation helps if you have fundamental backing from Congress but can occur through the executive agencies. So, to your point, less to watch out for in terms of how it will shift Trump's behavior.Michael Zezas: Well, Ariana, thanks for taking the time to talk.Ariana Salvatore: Always great speaking with you, Michael.Michael Zezas: And to our audience, thanks for listening. If you enjoy thoughts on the Market, please leave us a review and tell your friends about the podcast. We want everyone to listen.

Should you borrow money to magnify returns in your 401 (k), IRA, or other tax-deferred retirement account?We examine Basic Capital, which allows investors to leverage their retirement account investments.We also explore how the wealthy don't use debt to generate wealth but to manage it. SponsorsGelt - Taxes Done RightInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesBasic CapitalThis 30-Year-Old's Startup Is Bringing Leverage to 401(k) Savers by Suzanne Woolley—BloombergThis startup is offering mortgages for 401(k)s by Liz Hoffman—SemaforStartup Failure by Elizabeth Pollman—SSRNRelated Episodes353: The Pros and Cons of Infinite Banking and Whole Life Insurance238: The U.S. Is More Socialist Than Denmark Regarding Home MortgagesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

When politicians hand the gun industry a liability shield, they're not “protecting freedom,” they're protecting a business model built on body counts…See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

White House Chief of Staff Susie Wiles may have accidentally revealed Trump's failing mental health in an interview she has since called a 'hit piece' Donald Trump is furious. After the brutal murder of filmmaker Rob Reiner and his wife, Trump responded not with empathy, not with basic human decency, but with venom.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

SpaceX IPO coming – huge increase in valuation over past 3 months Happy Hanukah – Eight Crazy Nights Now Kevin AND Kevin PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm-Up - Last Chance for CTP Cup 2025 participants - Happy Hanukah - Eight Crazy Nights - Sad News - Rob Reiner - Fed decision is out.... - Overdue eco reports coming this week Markets - Oracle still problematic - SpaceX IPO coming - huge increase in valuation over past 3 months - Another Bankruptcy - cleaning up is not good business - Oh my - Now Kevin AND Kevin - Weight loss game continues - One thing saved for last - a doozie... Tesla -  - All time High - Prospect of Robotaxi - Even though sales hitting multi-year lows Wall Street Never Sleeps? - Nasdaq files to extend trading to 23 hours on weekdays - Banks concerned about investor protections, costs, liquidity, volatility risks of nonstop trading - Proponents argue round-the-clock trading benefits global investors - That may create some additional volatility potential SpaceX - SpaceX aims for a potential $1.5 trillion market cap with an Initial Public Offering in 2026, which could become the largest IPO in history - July 2025 tender valuation was $400B - Dec 14th (4 months later) $800B - Starlink is the primary money winner of this deal - Tesla shares climbing even with nothing behind it - seemingly in sympathy for this IPO ---- TESLA does not have ownership of SpaceX - OH - this could be the reason....U.S. deliveries dropped significantly in November—the lowest since early 2022—but this weakness has been overshadowed by the enthusiasm for autonomy. Rob Reiner - A son of legendary Hollywood director Rob Reiner and his wife, producer Michele Singer Reiner, Nick Reiner, is being held on suspicion of murder following their deaths, according to Los Angeles Police Department Chief Jim McDonnell. He's being held on $4 million bail. - Citing law enforcement sources and family friends, ABC News reported on Monday that Nick Reiner had recently returned to live at his parents' South Chadbourne Avenue home. The move was described as a temporary arrangement intended to help him stabilize. - Not going to discuss the Truth Social post about this tragedy HEADLINE ALERT - "Copper could hit ‘stratospheric new highs' as hoarding of the metal in U.S. continues" - Copper has gone from 5.77 to 5.30 (July to today) - 6 Tops at this price since 2011 - Not seeing this as per the headline - seems like a Hunt Brothers special from the 1980s - CORNERING THE MARKET ---1980 - Silver went from $11 to $50 then crashed, bankrupting the Hunt Bros - after COMEX changed rules forcing them to cover positions Bankruptcy - After 35 years, the maker of the Roomba robot vacuum filed for bankruptcy protection late Sunday night. Following warnings issued earlier this year that it was fast running out of options, iRobot says it is entering Chapter 11 protection and will be acquired by its contract manufacturer, China-based Picea Robotics. - The company says it will continue to operate “with no anticipated disruption to its app functionality, customer programs, global partners, supply chain relationships, or ongoing product support.” - Remember that Amazon  - The Amazon buyout of iRobot, maker of Roomba, was announced in 2022 for $1.7 billion but ultimately failed in January 2024 due to significant regulatory pushback, primarily from the EU, over anti-competitive concerns. -- Amazon walked away with a $94 million termination fee Fed Pick - President Donald Trump said Friday that Kevin Warsh has moved to the top of his list as the next Federal Reserve chair, though Kevin Hassett also remains in contention, according to the Wall Street Journal. - Interesting that this comes days after Hassett said that we would not let outside suggestions influence his voting - ---In addition to putting heavier weight on Warsh getting the job, Trump repeated an assertion he has made in the past that the Fed chair ought to consult the president about interest rate decisions. - Also of interest, prediction markets had Hassett at 95% probability - now it moved to 50% - big payday for people in the know. Housing Prices - Average home price is DOWN on  year-over-year basis - First time on national level since 2024 - Active listings in November were nearly 13% higher than November 2024, but new listings were just 1.7% higher --- Houses are on market longer - - Prices in Austin, Texas, are down 10% from last year; in Denver, they're down 5%, according to Parcl Labs. Tampa, Florida, and Houston both saw prices fall 4%, and Atlanta and Phoenix saw price decreases of 3%. More Hosing Related -  Zillow shares plunged more than 9% on Monday on worries that the online real estate platform could have a big new competitor: Google Search. - Google appears to be running tests on putting real estate sale listings into its search results. Overdue Eco  - Black Hole - The U.S. Bureau of Labor Statistics on Tuesday releases its long-awaited combined employment reports for October and November, but a number of key details will be missing after the government shutdown prevented data collection, including October's unemployment rate, resulting in the first-ever gap in that critical data series since inception in 1948. - NICE JOB GANG! - Some of the data will be estimated. - It said it would not publish the headline CPI number or the so-called core CPI, which strips out the volatile food and energy components, for October. "BLS cannot provide specific guidance to data users for navigating the missing October observations," the agency said. Some Updates - Some info coming in are estimates - some delayed - Unemployment at 4.6% - Latest report shows +64,000 added - ISM Manufacturing and Non-manufacturing - both slowed over the last month The Fed - Meanwhile the Fed cuts rates.... - A Federal Reserve split over where its priorities should lie cut its key interest rate Wednesday in a 9-3 vote, but signaled a tougher road ahead for further reductions. - The FOMC's “dot plot” indicated just one more reduction in 2026 and another in 2027, amid considerable disagreement from members about where rates should head. - In addition to the rate decision, the Fed also announced it will resume buying Treasury securities. The central bank will start by buying $40 billion in Treasury bills, beginning Friday. - Markets were all over the place on this as it was a little confusing at first - then it seemed that everyone loved (for one day) - Why is the Fed moving up Treasury purchases to "immediately" from a few months from now? - AND - dissension ! A larger group  that usual of regional Fed bank presidents signaled they opposed the cut, and six policymakers said the benchmark federal funds rate should end 2025 in a range of 3.75% to 4%, suggesting they opposed the move. - Long bonds have not moved at all on this news. Costco Earnings - Costco beat Wall Street's fiscal first-quarter sales and revenue expectations. - Sales rose 8.2% and digital sales jumped 20.5% compared with the year-ago quarter. - Costco surpassed Wall Street's quarterly expectations and posted year-over-year sales growth of 8.2% as the retailer attracted more digital sales and opened new locations. - Earnings per share: $4.50 vs. $4.27 expected - Revenue: $67.31 billion vs. $67.14 billion expected - Costco does not provide year ahead guidance - Shares down from a recent high of $855 Costco Fun Facts - About 4.5 million pies were sold in the three days before Thanksgiving, which is equivalent to roughly 7,000 pies per warehouse. -  These were bakery pies (e.g., pumpkin, apple), - Costco had more than $250 million in non-food online orders on Black Friday, a record for Costco's U.S. e-commerce business. - Approximately 358,000 whole pizzas were served at Costco's U.S. food courts, a 31% jump from last year. (500 pizza's per store) Fat No More - Retatrutide - Eli Lilly said its next-generation obesity drug delivered what appears to be the highest weight loss seen so far in a late-stage trial and reduced knee arthritis pain, clearing the first of several upcoming studies on the weekly injection. - In a 48-week Phase 2 study, participants on the highest dose lost an average of 24% of their body weight. - Recent Phase 3 results showed patients on the highest dose lost an average of 28.7% of their body weight after 68 weeks. - The trials also showed improvements in related health conditions, including knee osteoarthritis pain, blood pressure, and liver fat - This triple action is what makes retatrutide potentially more effective for weight loss than existing medications like Zepbound (tirzepatide), which targets two receptors, or Wegovy (semaglutide), which targets only one. Paypal - PayPal Holdings Inc. applied to become a bank in the US, looking to take advantage of the Trump administration's openness to financial-technology companies entering the banking system. - The payments-focused firm submitted applications to the Federal Deposit Insurance Corp. and the Utah Department of Financial Institutions to form a Utah-chartered industrial loan company, PayPal said in a statement Monday. - If approved, PayPal Bank would help the firm bolster its small-business lending capabilities, according to the statement, which said the company has provided access to more than $30 billion in loans and capital since 2013. Ford - Management Confused - Instead of planning to make enough electric vehicles to account for 40 percent of global sales by 2030—as it pledged just four years ago—Ford says it will focus on a broader range of hybrids, extended-range electrics, and battery-electric models, which executives now say will account for 50 percent of sales by the end of the decade. - The automaker will make hybrid versions of almost every vehicle in its lineup, the company says. - All in on EVS cost them -  Ford expects to record about $19.5 billion in special items, mostly during the fourth quarter. ---- The charges are related to a restructuring of its business priorities and a pullback in its all-electric vehicle investments. Australia - Australia has implemented a groundbreaking ban preventing children under 16 from accessing major social media platforms like TikTok, Instagram, and Facebook, effective December 2025, to protect them from harm, with significant fines for companies failing to enforce it, though messaging apps and gaming platforms are currently exempt. - Reddit is suing - Facebook, Instagram, Snapchat, Threads, TikTok, X (Twitter), YouTube, Reddit, Kick, and Twitch are all banned for kids under 16. - Thoughts on this? Saved For Last - Of all the eye-popping numbers that Oracle Corp. published last week on the costs of its artificial-intelligence data center buildout, the most striking didn't appear until the day after its earnings press release and analyst call. - The more comprehensive 10-Q earnings report that appeared on Thursday detailed $248 billion of lease-payment commitments, “substantially all” related to data centers and cloud capacity arrangements, the business-software firm said. These are due to commence between now and its 2028 financial year but they're not yet included on its balance sheet. - That's almost $150 billion more than was disclosed in the footnotes of September's earnings update. Love the Show? Then how about a Donation? The Winner for iShares Bitcoin Trust ETF (IBIT) Winners will be getting great stuff like the new "OFFICIAL" DHUnplugged Shirt! CTP CUP 2025 Participants: Jim Beaver Mike Kazmierczak Joe Metzger Ken Degel David Martin Dean Wormell Neil Larion Mary Lou Schwarzer Eric Harvey (2024 Winner) FED AND CRYPTO LIMERICKS See this week's stock picks HERE Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter

Penn Station is one of the busiest transport hubs in NYC and has had its share of problems. New York Times architecture critic Michael Kimmelman and transit hub economics reporter Patrick McGeehan discuss ideal solutions, and practical ones, as well as the obstacles to getting them implemented. Plus, listeners call in with their questions.

In this conversation, Dr. Joseph Nicolosi Jr. discusses the complexities surrounding same-sex attraction, the implications of conversion therapy laws, and the scientific basis for understanding sexual orientation. He emphasizes the importance of client self-determination in therapy and presents evidence that sexual attractions can change through techniques like memory reconsolidation. The discussion also touches on the role of childhood experiences, attachment theory, and the intersection of spirituality and therapy. Dr. Nicolosi advocates for a more open therapeutic community that respects diverse viewpoints and encourages parents to be vigilant about the therapists they choose for their children. Dr. Joseph Nicolosi, Jr. is a licensed clinical psychologist, researcher, and founder of the Reintegrative Therapy Association. He trains therapists in evidence-based methods for resolving trauma, addiction, and unwanted same-sex attractions. A sought-after international speaker, Dr. Nicolosi, Jr presents on the topic of sexual attractions and the latest scientific findings in the field. Grounded in scientific research, he advocates for client self-determination in therapy, empowering people to live consistently with their deeply held values. Action Items: • FOR THERAPISTS: Consider receiving training to offer this important care, especially in light of a decision from the Supreme Court expected in the summer. • FOR ADVOCATES/ORGANIZATIONS: Check out the latest science and videos to know the truth to battle the ideologies. • Training and Science can be found at ReintegrativeTherapy.com • Follow Dr. Nicolosi, Jr on X: @DoctorNicolosi Videos | Reintegrative Therapy: https://www.reintegrativetherapy.com/videos/ Reintegrative Therapy® Evidence-Based Treatment Interventions: https://www.reintegrativetherapy.com/ Reintegrative Therapy® (@Reintegrative_) / X: https://x.com/Reintegrative_ Joseph Nicolosi Jr., Ph.D. (@DoctorNicolosi) / X: https://x.com/DoctorNicolosi Father Sullins: https://youtu.be/Fgo82Jrg5Ik https://youtu.be/9ckNnxbUbfA https://youtu.be/zVZOOMnT1cA 00:00 Introduction to Conversion Therapy Laws 04:26 The Charles v. Salazar Case 07:05 Research and Therapy Techniques 07:56 Memory Reconsolidation Explained 09:19 Managing Emotions vs. Memory Rewriting 11:53 The Impact of Ideology on Therapy 14:58 Understanding Same-Sex Attraction 18:04 Attachment Theory and Its Implications 20:58 Intergenerational Patterns of Attachment 23:56 The HHS Report and Transgender Issues 31:11 Therapy and Same-Sex Attraction 34:25 Research on Sexual Attraction 36:52 Addressing Childhood Sexual Abuse 41:26 Unpacking Guilt and Shame 44:44 Spirituality and Therapy 48:32 Trauma and Shifting Attractions 54:58 Early Sexualization of Children 57:04 State of the Therapeutic Community 01:03:18 Guidance for Parents 01:05:06 Call for Research and Support Subscribe to our newsletter to get this amazing report: Refuting the Top 5 Gay Myths https://ruthinstitute.org/refute-the-top-five-myths/ Have a question or a comment? Leave it in the comments, and we'll get back to you! Watch the full episode, uncensored, on Rumble: https://rumble.com/user/Theruthinstitute Subscribe to our YouTube playlist:  @RuthInstitute   Follow us on Social Media: https://www.instagram.com/theruthinstitute https://twitter.com/RuthInstitute https://www.facebook.com/TheRuthInstitute/ https://theruthinstitute.locals.com/newsfeed Press: NC Register: https://www.ncregister.com/author/jennifer-roback-morse Catholic Answers: https://www.catholic.com/profile/jennifer-roback-morse The Stream: https://stream.org/author/jennifer-roback-morse/ Crisis Magazine: https://crisismagazine.com/author/jennifer-roeback-morse Father Sullins' Reports on Clergy Sexual Abuse: https://ruthinstitute.org/resource-centers/father-sullins-research/ Buy Dr. Morse's Books: The Sexual State: https://ruthinstitute.org/product/the-sexual-state-2/ Love and Economics: https://ruthinstitute.org/product/love-and-economics-it-takes-a-family-to-raise-a-village/ Smart Sex: https://ruthinstitute.org/product/smart-sex-finding-life-long-love-in-a-hook-up-world/ 101 Tips for a Happier Marriage: https://ruthinstitute.org/product/101-tips-for-a-happier-marriage/ 101 Tips for Marrying the Right Person: https://ruthinstitute.org/product/101-tips-for-marrying-the-right-person/ Listen to our podcast:  Apple Podcasts - https://podcasts.apple.com/us/podcast/the-ruth-institute-podcast/id309797947 Spotify - https://open.spotify.com/show/1t7mWLRHjrCqNjsbH7zXv1 Subscribe to our newsletter to get this amazing report: Refuting the Top 5 Gay Myths https://ruthinstitute.org/refute-the-top-five-myths/ Get the full interview by joining us for exclusive, uncensored content on Locals: https://theruthinstitute.locals.com/support

In this episode of the Solar Maverick Podcast, host Benoy Thanjan sits down with Dr. Hunter McDaniel, CEO of UbiQD, a quantum materials company redefining how light interacts with solar technology. Hunter breaks down quantum dots and explains how this nanotechnology can dramatically improve solar performance by optimizing the light spectrum. The conversation dives deep into UbiQD's landmark supply agreement with First Solar, including how quantum dots can significantly boost bifacial solar efficiency, especially for thin-film modules. The episode also explores broader applications of quantum dots from building-integrated photovoltaics, solar windows, to agriculture and offers hard earned advice for clean-tech and deep-tech entrepreneurs navigating long commercialization cycles. Key Topics Covered What quantum dots are and why they matter for solar How nanotechnology enables light optimization and higher PV efficiency Inside UbiQD's strategic partnership with First Solar Improving bifacial performance in thin-film solar modules Why materials innovation gives U.S. solar a competitive edge Solar windows, BIPV, and the future of net-zero buildings Lessons from building a deep-tech energy startup over 10+ years Why entrepreneurs should focus on solving pain points, not just technology Notable Takeaways Quantum dots allow precise tuning of light to match a solar cell's most efficient spectrum Small efficiency gains in solar can translate into massive real-world impact at scale Bifacial solar performance represents one of the biggest remaining efficiency frontiers Building-integrated solar may be essential for dense, urban, high-rise environments Deep-tech founders must stay customer-focused and resilient through long timelines 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.   Dr. Hunter McDaniel  Dr. Hunter McDaniel is the CEO and Co-Founder of UbiQD, a quantum dot materials company focused on transforming energy, agriculture, and advanced materials through nanotechnology. He holds a PhD in Materials Science and previously conducted research at Los Alamos National Laboratory. Under his leadership, UbiQD has partnered with industry leaders like First Solar and continues to scale next-generation quantum dot manufacturing.   Stay Connected: Benoy Thanjan Email: info@reneuenergy.com  LinkedIn: Benoy Thanjan Website: https://www.reneuenergy.com Website: https://www.solarmaverickpodcast.com/       Dr. Hunter McDaniel       Linkedin: https://www.linkedin.com/in/hunter-mcdaniel-4563a735/      UbiQD: https://www.ubiqd.com       UbiGro (Agriculture): https://www.ubigro.com       https://wendow.us/       TED Talk       https://www.youtube.com/watch?v=GJ4whsRZoN4   Press Release  UbiQD and First Solar Establish Long-Term Quantum Dot Supply Agreement https://www.prnewswire.com/news-releases/ubiqd-and-first-solar-establish-long-term-quantum-dot-supply-agreement-302500720.html   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.

In this Best of 2025 special, The Lonely Office revisits the conversations that helped job seekers make sense of a new normal—where old career rules broke down and new ones quietly took shape. From power versus status, to remote work as negotiation, to AI's real impact on hiring, these moments cut through the hype and name what's actually happening beneath the headlines. Not shortcuts or silver bullets—just sharper language, better frameworks, and a little more agency for navigating work when certainty is gone. This is a great episode to recap 2025 and get ready for 2026! *Guests Featured Alison Fragale — Organizational Psychologist, Author & Professor of Management Daryl Fairweather — Chief Economist, Redfin Jeremy Schifeling — Founder and CEO, The Job Insiders Madeline Mann — Career Coach and Founder, Self Made Millennial Nick Bloom — Professor of Economics, Stanford University Phyl Terry — CEO and Co-Founder, Never Search Alone Hosts: Matt Sunbulli ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.linkedin.com/in/sunbulli/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.firstdraft.vc⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Aaron Calafato ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Listen to Aaron's 7 Minute Stories Podcast ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Leah Ova ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Follow Leah on TikTok ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Editorial: Matt Sunbulli Brooks Borden Ken Wendt Senior Audio Engineer: ⁠⁠⁠⁠⁠⁠⁠⁠Ken Wendt ⁠⁠⁠⁠⁠⁠⁠⁠ Research: Matt Sunbulli Zaid Safe Aaron Calafato

SUMMARY: Guest: Lara Silverman — comedic actress, jazz singer, violinist, author, Stanford Law grad; formerly a federal prosecutor. -Faith roots: Grew up in a large Romanian Christian family (with Syrian Christian heritage); accepted Christ at 7; faith deepened after her aunt's death from cancer. -Calling to law: Loved advocacy and public speaking; passed the bar after intense study; landed her dream role as a federal prosecutor in San Francisco. -Health crisis: Fell acutely ill in week two on the job with a rare, under-researched neurological vertigo disorder; tried ~30–150 therapies and ~38 medications (often worsened symptoms); bedridden for three years on a bedpan; ultimately resigned her post. -Ongoing illness: Continues to experience constant spinning sensations; multiple tentative diagnoses, no definitive cure; learned to walk again despite worsening symptoms when upright. -Spiritual wrestle: Initial confusion turned to seasons of bitterness and anger (more than depression); felt misunderstood by some believers when she sensed God calling her to accept ongoing suffering. -Acceptance and surrender: Believes God spoke that she would not be fully healed on this side of eternity; fasting exposed idols of health, marriage, and career; moved toward surrender and trust. -Meeting Matt: Church acquaintance (youth leader) who reached out during her bedridden years; he had suffered childhood cancer and was later diagnosed with terminal cancer; they formed a deep bond through shared suffering. -Marriage and loss: Married despite her illness and his terminal diagnosis; experienced “joy in grief” through ministry and creativity; Matt died a year later; Lara testifies to God's peace and preparation through the loss. -Joy amid grief: Practiced finding “sprinkles of joy” (comedy clips, music, niece's smile, devotionals); launched The Silverman Show (YouTube: comedy, music, theology); organized jazz fundraisers, including $13K raised for Haiti. -Theology of suffering: *Critiques “prosperity gospel light” in American church; calls for preparing believers to suffer well. *Emphasizes biblical themes: joy in suffering; God's intentional purposes; eternal rewards (e.g., “crown of life”); 2 Corinthians 4:17's “eternal weight of glory.” *Points to Isaiah 61 (double portion/redemption), 1 Peter 1:7 (tested faith), Job-like redemption ultimately fulfilled in eternity. *Cites Helen Roseveare's testimony about trusting God in suffering. -Identity transformation: Early identity tied to achievement and “gold stars”; illness stripped these; learned identity in Christ, not performance; challenged by Matt's loving rebukes about pride and usefulness. -Honest struggles: Jealousy when others receive “basic blessings” (marriage, children, health); wrestled with God's statement “I know what's best for you”; learning to believe God's wisdom without having micro-level reasons. -Church's role: Encourage sound theology of suffering, eternal perspective, and the call to “joy in grief”; avoid equating God's love solely with earthly blessings. -Memoir: Wrote her memoir from bed over eight months, capturing God's “receipts” (journaled answers, provisions, and lessons); aims to comfort sufferers with biblical reasons for suffering and stories of God's nearness. -Hope redefined: Realistic hope is anchored in eternity (John 11:25); freedom from fear of death empowers purposeful living now. -Key scriptures referenced: 2 Corinthians 4:17 (eternal glory) 1 Peter 1:7 (tested genuineness of faith) Isaiah 61 (redemption, double portion) Isaiah 43:19–20 (streams in the wilderness) Romans 8:29 (conformed to Christ) John 11:25 (life beyond death) -Core takeaway: God provides “streams in the desert.” Open your heart to receive and choose joy in the midst of grief; joy and sorrow can coexist, and God will redeem suffering—fully in eternity, and often with foretastes now.   PODCAST INTRO: What happens when the life you planned—brilliant career, healthy body, tidy faith, marriage and children—collides with relentless suffering? For comedian, jazz singer, author, violinist, and Stanford-trained attorney Lara Silverman, that colission became a calling. Lara spent years pursuing her dream of becoming a federal prosecutor—years of academic discipline, devoted goal setting, and passionate pursuit. After graduating from Stanford, she enters the grueling vetting and elimination process of 1000 hopeful lawyers with the goal of making it to the top 3. When she learns that she made it in the top 3 her dream becomes a reality…she is standing at the pinnacle of a major goal in her life. She was accepted as a federal prosecutor and begin the task of fully stepping into that role. Until in her second week on the job, she fell violently ill with what would later be discovered as a rare, unresolved neurological condition that keeps her in a constant state of the world spinning around her. She endures that condition to this day…8 years now, 3 of which left her bedridden, on a bedpan, being cared for and nursed by her parents. Thirty-eight medications failed. Careers, plans, family timelines—all stripped away. In her personal dark valley of multi layered deaths, her testimony is that not only does God meet her there, He has never left her. True to being a trained lawyer, in her effort to make sense of her spinning, crumbling world she uses the Word/Bible to question God's goodness and His fairness demanding that He explain Himself. She's met with firm, steady, unwavering love that consistently engages her pain inviting her from striving to surrender. Through Lara's fasting, God exposed hidden idols—health, marriage, career—not to shame her, but to set her free. Because I think we all know that if we build our lives on things that will fade, change, transition, not to mention the fact that we have no guarantees on anything we risk losing ourselves into despair and ruin. Then came an unlikely gift. As Lara lay in bed, a church acquaintance—Matt Silverman, a brilliant, joy-filled believer battling terminal cancer—began calling to pray and wrestle through theology with her. Friendship became love. They married, held jazz benefit concerts for Haiti, launched a small YouTube channel, and practiced “joy in grief” as a spiritual discipline. Exactly one year later, Matt went home to Jesus. Lara's testimony is not tidy. She speaks frankly about anger, bitterness, jealousy, and the ache of unanswered prayers. Yet she clings to promises many avoid: that suffering refines faith (1 Peter 1), forges intimacy with Christ, prepares us for eternity (2 Corinthians 4), and—even here—can be met with streams in the desert (Isaiah 43). She believes God will redeem every loss, whether in the here and now or in eternity—and that the doctrine of reward, often neglected, gives sturdy hope when the nights are long. Her invitation is simple but not without surrender and therefor difficult: Look for “sprinkles of joy” each day. Refuse to waste your pain—serve others through it. Live now with eternity in view. If you're not afraid to die, you can truly live. Sorrowful, yet always rejoicing. That's Lara's way through the wilderness—and a lifeline for anyone walking it today. In her memoir, Singing Through the Fire, she chronicles all of that's happened, how God shows up, the challenges she's put before Him and vice versa. What does it look like to struggle with God ? Lara provides examples, proof that He doesn't leave even when our faith is weak and ungodly. He holds us up when our faith falters and He sustains us through the most devastating emotional, mental, physical, battles. Let's listen in and find a reason to hope again, to find joy and to be comforted in what can feel like the wilderness. Live Loved and Thrive! Sherrie Pilk   CONNECT WITH LARA: Main Hub: https://linktr.ee/Larap3 Amazon link for her book: https://a.co/d/ayQyB52 Facebook page: https://www.facebook.com/lara.palanjian.silverman Instagram handle: @larapalanjian Youtube: https://youtu.be/TDcUeQrbVZk Watch the deeply moving BOOK trailer here:  https://youtu.be/TDcUeQrbVZk Watch the second BOOK trailer here: https://youtube.com/shorts/bO34s0tLYyY?si=uTMALdhOPB6TOCnt RESOURCES PER LARA: Helen Roseveare's testimony: https://youtu.be/VJCCx-qiZ24?si=ANuKzA-A-F6kwEkt Podcast: Keep an eye/ear out for her new podcast: Singing Through Fire w/Lara Silverman BIO: Lara Silverman is a Christian author, lawyer, jazz singer, comedic actress, violinist, and songwriter. She holds a J.D. from Stanford Law School and a B.A. in both Economics and Political Science from UC Berkeley. Before falling seriously ill in 2018, Lara worked for two federal judges and practiced high stakes litigation for three years at Arnold & Porter Kaye Scholer LLP, where she specialized in intellectual property, antitrust, and contract cases of all kinds.   In 2023, Lara co-founded The Silverman Show—a multifaceted comedy, music, and theology show—and released her debut jazz/pop album as her own music producer in February 2024. In September 2024, she debuted as Mrs. Serious in her solo Armenian comedy show online, amassing upwards of 300,000 views on individual videos on Instagram. Lara's writing has been featured in various respected Christian blogs, where her reflections on faith, suffering, and grace have encouraged readers across diverse audiences. Even as she remains mostly bedridden today, she anchors her unwavering hope in God.    

In Episode 166 of Cybersecurity Where You Are, Sean Atkinson sits down with Tyler Moore, Ph.D., Chair of Cyber Studies at the University of Tulsa, and Daniel Woods, Lecturer at the University of Edinburgh. Together, they review the foundations of actuarial science in cyber risk.Here are some highlights from our episode:00:48. Introductions to Tyler and Daniel01:22. How actuarial science fits into a traditional approach of risk modeling02:20. Why cyber risk has historically been difficult to quantify04:01. How data sources available to insurers and individual organizations have evolved07:21. Adaptability as a key principle to model risk for an evolving cyber threat landscape08:58. Loss distribution modeling for different types of cyber threats11:38. Similarities and differences between how actuaries and frameworks view risks13:10. Quantifying severity, frequency, and resilience to different cyber risks14:31. How insurers differ from underwriters in their view of risk17:43. Ransomware as a case study where actuarial modeling improved risk management22:30. The value of translating cyber risk to business risk for CISOs like Sean26:20. Why data on which security controls matter most remains elusive32:33. The biggest misconceptions of using actuarial models in cybersecurity36:09. How cyber actuarial science can help to determine what works in cybersecurityResourcesEpisode 121: The Economics of Cybersecurity Decision-MakingEpisode 105: Context in Cyber Risk QuantificationEpisode 77: Data's Value to Decision-Making in CybersecurityHow Risk Quantification Tests Your Reasonable Cyber DefenseEpisode 113: Cyber Risk Prioritization as Ransomware DefenseEpisode 65: Making Cyber Risk Analysis Practical with QRAFAIR: A Framework for Revolutionizing Your Risk AnalysisIf you have some feedback or an idea for an upcoming episode of Cybersecurity Where You Are, let us know by emailing podcast@cisecurity.org.

European futures pint to the green and the UK government is buoyed by the November CPI year-on-year print which came in 0.3 per cent lower than expected. The services CPI is down 0.2 per cent, beating expectations for the month. CNBC sources have learned that Open AI is in talks with Amazon over a potential tie-up worth more than $10bn following Sam Altman's negotiations with Microsoft which allows the firm to reach across the tech sector. Crude prices edge higher after President Trump's classification of the Maduro regime in Venezuela a foreign terrorist organisation as well as ordering of a blockade of sanctioned oil tankers. The Venezuelan government says the move is in breach of international law.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Ian Verrender, ABC's Business and Finance Editor, joined Philip Clark on Nightlife to discuss the latest in economic, business and finance news. 

Our Chief Fixed Income Strategist Vishy Tirupattur responds to some of the feedback from clients on Morgan Stanley's 2026 global outlooks.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, I consider the pushback we've received on our 2026 outlooks – distilling the themes that drew the most debate and our responses to the debates. It's Tuesday, Dec 16th at 3:30pm in New York. It's been a few weeks [since] we published our 2026 outlooks for the global economy and markets. We've had lots of wide-ranging conversations, much dialogue and debate with our clients across the globe on the key themes that we laid out in our outlook. Feedback has ranged from strong alignment to pointed disagreement, with many nuanced views in between. We welcome this dialogue, especially the pushback, as it forces us to re-examine our assumptions and refine our thinking. Our constructive stance on AI and data center-related CapEx, along with the pivotal role we see for the credit market channels, drew notable scrutiny. Our 2026 CapEx projections was anchored by a strong conviction – that demand for compute will far outstrip the supply over the next several years. We remain confident that credit markets across unsecured, structured, and securitized instruments in both public and private domains will be central to the financing of the next wave of AI-driven investments. The crucial point here is that we think this spending will be relatively insensitive to the macro conditions, i.e., the level of interest rates and economic growth. Regarding the level of AI investment, we received a bit of pushback on our economics forecast: Why don't we forecast even more growth from AI CapEx? From our perspective, that is going to be a multi-year process, so the growth implications also extend over time. Our U.S. credit strategists' forecast for IG bond supply – $2.25 trillion in gross issuance; that's up 25 percent year-over-year, or $1 trillion in net issuance; that's 60 percent year-over-year – garnered significant attention. There was some pushback to the volume of the issuance we project. As CapEx growth outpaces revenue and pressures free cash flow, credit becomes a key financing bridge. Importantly, AI is not the sole driver of the surge that we forecast. A pick-up in M&A activity and the resulting increase in acquisition-driven IG supply also will play a key role, in our view. We also received pushback on our expectation for modest widening in credit spreads, roughly 15 basis points in investment grade, which we still think will remain near the low end of the historical ranges despite this massive surge in supply. Some clients argued for more widening, but we note that the bulk of the AI-related issuance will come from high-quality – you know AAA-AA rated issuers – which are currently underrepresented in credit markets relative to their equity market weight. Additionally, continued policy easing – two more rate cuts – modest economic re-acceleration, and persistent demand from yield-focused buyers should help to anchor the spreads. Our macro strategists' framing of 2026 as a transition year for global rates – from synchronized tightening to asynchronous normalization as central banks approach equilibrium – was broadly well received, as was their call for government bond yields to remain broadly range-bound. However, their view that markets will price in a dovish tilt to Fed policy sparked considerable debate. While there was broad agreement on the outlook for yield curve steepening, the nature of that steepening – bull steepening or bear steepening – remained a point of contention. Outside the U.S., the biggest pushback was to the call on the ECB cutting rates two more times in 2026. Our economists disagreed with President Lagarde – that the disinflationary process has ended. Even with moderate continued euro area growth on German fiscal expansion, but consolidation elsewhere, we still see an output gap that will eventually lead inflation to undershoot the ECB's 2 percent target. We also engaged in lively dialogue and debate on China. The key debate here comes down to a micro versus macro story. Put differently, the market is not the economy and the economy is not the market. Sentiment on investments in China has turned around this year, and our strategists are on board with that view. However, from an economics point of view, we see deflation continuing and fiscal policy from Beijing as a bit too modest to spark near-term reflation. Thanks for listening. If you enjoy the show, please leave us a review wherever you listen and share Thoughts on the Market with a friend or colleague today.

The progressive Congressman from Washington state takes callers from across the nation. Plus- Thom reads from "The Fight for the Soul of the Democratic Party" by John Nichols.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Trump calls it “Trump Derangement Syndrome” when we object to cruelty and division. The real story is what that hate is doing to America's democracy, and when we finally push back…See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Dante joins Mark and Cris for an unusual jobs Tuesday podcast to break down the November employment report. Due to the prolonged government shutdown, the report delivered two months of payroll data, which continues to signal that the labor market is grinding to a halt. With the unemployment rate on the rise, the team discusses their updated recession probabilities, and Marisa's absence is felt as they struggle through the stats game.  Guest: 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' @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.

Why is the world moving away from liberalism and towards conservatism?One of Britain's most provocative thinkers, John Gray is a political philosopher known for dismantling liberalism and exposing the illusions of human progress. Former Professor of European Thought at the London School of Economics, Gray has challenged orthodoxy across the political spectrum with a body of work that ranges from critiques of Enlightenment rationalism to meditations on the limits of secular humanism.He is the bestselling author of Straw Dogs, The Silence of Animals, and Seven Types of Atheism as well as a frequent contributor to The Guardian, New Statesman, and The Times Literary Supplement. Gray's sharp insights and contrarian stance continue to shape contemporary debates on ethics, politics, and the future of humanity.Don't hesitate to email us at podcast@iai.tv with your thoughts or questions on the episode!To witness such debates live buy tickets for our upcoming festival: https://howthelightgetsin.org/festivals/And visit our website for many more articles, videos, and podcasts like this one: https://iai.tv/You can find everything we referenced here: https://linktr.ee/philosophyforourtimesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Streaming live Mondays at 6pm ET on The Jack Mallers Show YouTube channel.

Ken Rogoff does not trade in headlines or market timing. He trades in history.   As Professor of Economics at Harvard and co-author of This Time Is Different, Rogoff has spent decades studying what happens when societies convince themselves old rules no longer apply. His latest book, Our Dollar, Your Problem, extends that lens to today's economy – and to the quiet assumptions underpinning U.S. financial dominance.   In our conversation, Rogoff unpacked why the dollar's "exorbitant privilege" still matters, why it is slowly eroding, and why the real risks facing the U.S. economy are not where most people are looking.   This was not a discussion about panic. It was a discussion about probability.   Among the questions Rogoff addresses: Why does dollar dominance lower borrowing costs for U.S. households and businesses – and what happens if that advantage fades? Why is the combination of high debt and higher interest rates historically dangerous, even for advanced economies? Why central bank independence matters more than most people realize – and why it is under pressure from both sides of the political spectrum. Why commercial real estate stress is serious but not systemic – and what risks matter more. Why AI could extend U.S. economic strength or trigger a sharp reversal – and why today's low volatility is misleading. Rogoff's core message is unsettling precisely because it is familiar. The United States has navigated debt, inflation, and institutional stress before. It did not escape unscathed. It adapted under pressure.   The question is not whether adjustment comes. It is how – and under what conditions.   If you care about macro risk, capital markets, or the long-term assumptions embedded in real estate and investment decisions, this conversation is worth your time.   Tune in to hear it in full.   *** In this series, I cut through the noise to examine how shifting macroeconomic forces and rising geopolitical risk are reshaping real estate investing.   With insights from economists, academics, and seasoned professionals, this show helps investors respond to market uncertainty with clarity, discipline, and a focus on downside protection.    Subscribe to my free newsletter for timely updates, insights, and tools to help you navigate today's volatile real estate landscape. You'll get: Straight talk on what happens when confidence meets correction - no hype, no spin, no fluff. Real implications of macro trends for investors and sponsors with actionable guidance. Insights from real estate professionals who've been through it all before. Visit GowerCrowd.com/subscribe Email: adam@gowercrowd.com Call: 213-761-1000

Subscribe to the podcastEvery once in awhile, we wonder what Steve Patterson is up to. We found him on a podcast episode with Bob Murphy where he talked about Bitcoin. Does he have anything new to say?Ep. 464 Parsing Curtis Yarvin's Rendition of Misesian Monetary TheoryLearn about Bitcoin at a trickleBitcoinTrickle.comSponsorLiberty MugsKeep in touch with us everywhere you areJoin our Telegram groupLike us on FacebookFollow us on Twitter: @libertymugs (Rollo), @Slappy_Jones_2Check us out on PatreonLearn everything you need to know about Bitcoin in just 10 hours10HoursofBitcoin.comPodcast version

Dr. Daniel Westmattelmann is Professor in Business Administration at the Private University of Economics and Technology (PHWT) in Vechta, Germany, as well as an Affiliated Researcher at the University of Münster. In this episode, he discussed his former career as a professional cyclist, his path to becoming a researcher, and some of his recent research projects. In particular, he described a PCC-funded research project that examined a remote sampling system for anti-doping. He also shared recently published work using simulations to study the impacts of sample retention and re-analysis on doping behavior and doping detection, as well as a collaborative project investigating the experiences and challenges of athletes who have been sanctioned for anti-doping rule violations.

In this episode we outline:  How to build enough affordable housing for everyone using an existing housing model that's proven to work. How to pay for it. How to convert existing market rate housing into affordable housing. How we can... Continue Reading →

The Moneywise Radio Show and Podcast Monday, December 15th BE MONEYWISE. Moneywise Wealth Management I "The Moneywise Radio Show & Podcast" call: 661-847-1000 text in anytime: 661-396-1000 website: www.MoneywiseGuys.com facebook: Moneywise_Wealth_Management LinkedIn: Moneywise_Wealth_Management Guest: Dr. Richard Gearhart, Professor of Economics at CSU-Bakersfield website: https://www.csub.edu/bpa/economics/department-of-economics.shtml The opinions voiced in this podcast are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a decision. Dr. Richard Gearhart and their company are not affiliated with nor endorsed by LPL Financial or Moneywise Wealth Management].

Interview recorded - 10th of December, 2025On this episode of the WTFinance podcast I had the pleasure of welcoming on Daniel Lacalle. On this episode I have the pleasure of welcoming on Daniel Lacalle. Daniel is a PhD Economist and Fund Manager.During our conversation we spoke about his outlook on the economy, major drivers of weak economy, Europe vs China, whether the economy can be resolved, outlook for 2026 and more. I hope you enjoy!0:00 - Introduction1:45 - Global economy outlook3:53 - Major driver of weak economy7:36 - Institution issues10:19 - Europe vs China centralised economy16:51 - Intellectual trends23:14 - Can economy be resolved?25:34 - Outlook for 2026?31:11 - One message to takeaway?Daniel Lacalle has a PhD in Economy and is a fund manager. He holds the CIIA financial analyst title, with a post graduate degree in IESE and a master's degree in economic investigation (UCV).On January 30th, Mr. Lacalle was mentioned in the US House of Representatives by Congressman Mr. Joe Wilson from South Carolina, citing his article Do Not Forget About Cuba.Mr. Lacalle has presented and given keynote speeches at the most prestigious forums globally, including the Federal Reserve in Houston, the Heritage Foundation in Washington, London School of Economics, Funds Society Forum in Miami, World Economic Forum, Forecast Summit in Peru, Mining Show in Dubai, Our Crowd in Jerusalem, Nordea Investor Summit in Oslo, and many others.Mr Lacalle has more than 24 years of experience in the energy and finance sectors, including experience in North Africa, Latin America and the Middle East. He is currently a fund manager overseeing equities, bonds and commodities. He was voted Top 3 Generalist and Number 1 Pan-European Buyside Individual in Oil & Gas in Thomson Reuters' Extel Survey in 2011, the leading survey among companies and financial institutions.Daniel Lacalle - Website - https://www.dlacalle.com/en/YouTube -  @DanielLacalleOfficial  X - https://x.com/dlacalle_IAWTFinance -Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseas

Economics and Public Affairs Editor, David Murphy highlights the increased network tariffs that electricity users will face over the next five years.

In this episode of the Data Center Frontier Show, DCF Editor in Chief Matt Vincent speaks with Uptime Institute research analyst Max Smolaks about the infrastructure forces reshaping AI data centers from power and racks to cooling, economics, and the question of whether the boom is sustainable. Smolaks unpacks a surprising on-ramp to today's AI buildout: former cryptocurrency mining operators that “discovered” underutilized pockets of power in nontraditional locations—and are now pivoting into AI campuses as GPU demand strains conventional markets. The conversation then turns to what OCP 2025 revealed about rack-scale AI: heavier, taller, more specialized racks; disaggregated “compute/power/network” rack groupings; and a white space that increasingly looks purpose-built for extreme density. From there, Vincent and Smolaks explore why liquid cooling is both inevitable and still resisted by many operators—along with the software, digital twins, CFD modeling, and new commissioning approaches emerging to manage the added complexity. On the power side, they discuss the industry's growing alignment around 800V DC distribution and what it signals about Nvidia's outsized influence on next-gen data center design. Finally, the conversation widens into load volatility and the economics of AI infrastructure: why “spiky” AI power profiles are driving changes in UPS systems and rack-level smoothing, and why long-term growth may hinge less on demand (which remains strong) than on whether AI profits broaden beyond a few major buyers—especially as GPU hardware depreciates far faster than the long-lived fiber built during past tech booms. A sharp, grounded look at the AI factory era—and the engineering and business realities behind the headlines.

The A.I. stock sell-off continues with U.S. futures suggesting a day in the red. Investors now await the U.S. jobs report later today. President Trump signals that a Ukraine peace deal is ‘closer now than we have been, ever' causing European defence stocks to tumble. However, any breakthrough on Ukrainian territorial issues remains a major sticking point. In crypto news, Bitcoin claws back some ground lost after sinking below the $86k-mark in yesterday's session – its lowest level of the year.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Nightlife has advice on offer if you are thinking about the “R” word. Nick Bruining, our regular independent financial advisor is joined by psychologist Lyn Worsley. 

Are we truly characters with agency, or are we just playing out our programming in the great video game of life? Contrary to those in his field who claim that free will is an illusion, neuroscientist Kevin Mitchell insists that we're agents who wield our decision-making mechanism for our own purposes. Listen as the author of Free Agents: How Evolution Gave Us Free Will explains to EconTalk's Russ Roberts why the debate between free will and determinism rests on a flawed foundation, and how the evolution of the ability to make choices and take actions provides the best argument for human agency. Topics include why habits, rather than simply limiting our freedom, also help us live better lives, and the role emotions such as guilt, shame, and regret play in building our character.

Our CIO and Chief U.S. Equity Strategist Mike Wilson explains the significance of the Fed's decision to resume buying $40 billion of Treasury bills monthly. 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 Fed's decision last week and what it means for stocks.It's Monday, December 15th at 11:30am in New York. So, let's get after it.Last week's Fed meeting provided incremental support for our positive 2026 outlook on equities. The Fed delivered on its expected hawkish rate cut but also indicated it would do more if the labor market continues to soften. More important than the rate cut was the Fed's decision to restart asset purchases. More specifically, the Fed intends to immediately begin buying $40 billion of T-Bills per month to ensure the smooth operation of financial markets. Based on our conversations with investors prior to the announcement, this amount and timing of bill buying exceeded both consensus, and my own expectations. It also confirms a key insight I have been discussing for months and highlighted in our Year Ahead Outlook. First, the Fed is not independent of markets, and market stability often plays a dominant role in Fed policy beyond the stated dual mandate of full employment and price stability.Second, given the size of the debt and deficit, the Fed has an additional responsibility to assist Treasury in funding the government, and will likely continue to work more closely with Treasury in this regard.Finally, the decision to intervene in funding markets sooner and more aggressively than expected may not be ‘Quantitative Easing' as defined by the Fed. However, it is a form of debt monetization that directly helps to reduce the crowding out from the still growing Treasury issuance, especially as Treasury issues more Bills over Bonds.At the Fed's October meeting, it indicated some concern about tightening liquidity which I have discussed on this podcast as the single biggest risk to the bull market in stocks. Evidence of this tightness can be seen in the performance of asset prices most sensitive to liquidity, including crypto currencies and profitless growth stocks.While the Fed probably isn't too concerned about the performance of these asset classes, it does care about financial stability in the bond, credit and funding markets. This is what likely prompted it to restart asset purchases sooner and in a more significant way than most expected.We view this as a form of debt monetization as I mentioned, given the Treasury's objective to issue more bills going forward. More importantly, these purchases provide additional liquidity for markets, and in combination with rate cuts, suggest the Fed is likely less worried about missing its inflation target. This is very much in line with our run it hot thesis dating back to early 2021. As a reminder, accelerating inflation is positive for asset prices as long as it doesn't force the Fed's hand to take the punch bowl away like in 2022. Ironically, the risk in the near-term is that this larger than expected asset purchase program may be insufficient if the Fed has materially underestimated the level of reserves necessary for markets to operate smoothly. This is what happened in 2019 and why the Fed created the Standing Repo Facility in the first place. However, this is more of a tool that is used on an as-needed basis. What the markets may want or need is a larger buffer if the Fed has underestimated the level of reserves required for smoothly functioning financial markets.To be clear, I don't know what that level is, but I do believe markets will tell us if the Fed has done enough with this latest provision. Liquidity-sensitive asset classes and areas of the equity market will be important to watch in this regard, particularly given how weak they traded last Friday and this morning.Bottom line, the Fed has reacted to the markets' tremors over the past few months. Should markets wobble again, we are highly confident the Fed will once again react until things calm down. Last week's FOMC meeting only increases our conviction in that case and keeps us bullish over the next 6-12 months, and our 7800 price target on the S&P 500. We would welcome a correction in the short term as a buying opportunity. 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!

We're the only country in the world with twice as many guns as people- because the arms industry wanted to make a crapload of money- and now we're living with the consequences.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In 11 months, we'll have an opportunity to retrieve our democracy from the clutches of the morbidly rich, the ideologues who deify them (and have for millennia), & their bought-&-paid-for politicians…See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Roundup of the Week's Top Stories in Economics and FreedomBlack Friday Spending Surges 8% on DebtSkilled Worker Shortage hits 1 MillionJapan Nears Debt CrashFed Admits it Lost $1 Trillion$2.5 Trillion in Welfare — Most of it Fraud Read the full article "$2.5 Trillion in Welfare — Most of it Fraud" at https://www.profstonge.com/Visit our Sponsor: Monetary MetalsEarn 5% to 12% interest on your physical gold and silver, paid in physical gold and silver.Visit our Sponsor: CoinKiteProtect your Bitcoin with an Ultra-Secure Hardware WalletDisclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the show

At this time every year we get flooded with predictions about what's next for Australia's housing markets. Some of them are useful… a lot of them are noise.   But every so often, a report comes along that genuinely moves the needle and helps us see the bigger picture.   Domain's Forecast Report 2026 is one of those.   It paints a pretty fascinating story: record prices in every capital city, rents still on the rise, and perhaps the most powerful first-home buyer surge we've seen in decades.   And it's not just more of the same – the data suggests our markets are shifting into a whole new gear, driven by policies, sentiment changes, and the slow rebalancing of supply.   And there are some interesting twists as to how Domain sees the housing markets play out over the next 12 months.   So today I chat with Dr Nicola Powell, Domain's Chief of Research and Economics, to help us unpack what's really coming in 2026, why this cycle is so different, and what the winners and losers might be.   Takeaways  ·         2026 is expected to be a year of two halves in the property market. ·         First home buyers are returning, aided by government schemes. ·         Investors are also increasing their market share. ·         Interest rates will significantly influence property prices. ·         Sydney is forecasted to lead in house price growth. ·         Affordability remains a critical challenge for buyers. ·         Rental markets are expected to see modest growth. ·         Regional differences in property performance are notable. ·         The cash rate is a key factor in market dynamics. ·         Sustainable growth is preferred over rapid price increases.   Chapters    00:00  Domain's 2026 forecast signals record prices and shifting market forces. 02:01  Key drivers behind the synchronized upswing across all capitals. 03:03  Momentum builds as confidence rises and supply tightens. 05:55  Investors and first-home buyers return, intensifying competition. 07:46  The expanded guarantee scheme reshapes borrowing and demand. 09:38  Rate expectations and affordability caps guide market behaviour.   Links and Resources:   Answer this week's trivia question here - https://www.propertytrivia.com.au/ ·        Win a hard copy of How to grow a multi-million dollar property portfolio in your spare time. ·        Everyone wins a copy of a fully updated property report – What's ahead for property for 2026 and beyond.   Get the team at Metropole to help build your personal Strategic Property Plan. Click here and have a chat with us     Michael Yardney – Subscribe to my Property Update newsletter here   Dr Nicola Powell, Chief of Research and Economics at Domain.   Domain Property Forecast Report:  https://propertyupdate.com.au/?p=192486&   Join us at Australia's Premier Wealth Retreat for Elite Business Investors and Business People on the Gold Coast on May 30th. Find out all about Wealth Retreat here. https://wealthretreat.com.au/     Get a bundle of eBooks and Reports at: www.PodcastBonus.com.au    Also, please subscribe to my other podcast Demographics Decoded with Simon Kuestenmacher – just look for Demographics Decoded wherever you are listening to this podcast and subscribe so each week we can unveil the trends shaping your future. 

Is the Miami mayoral election a bellwether for the collapse of Republican support among hispanics? Or will the fascists hang on to office even if it takes using masked police to abduct people based on flimsy legal excuses?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Let us know your thoughts. Send us a Text Message. Follow me to see Heads Talk Podcast Audiograms every Monday on LinkedInEpisode Title: