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    The John Batchelor Show
    S8 Ep1279: Michael McFaul — Multi-Part, Part One: Michael McFaul, a Stanford professor and former US Ambassador to Russia, details his book Autocrats Versus Democrats: China, Russia, America, and the New Global Disorder. In Part One, McFaul examines his

    The John Batchelor Show

    Play Episode Listen Later Aug 16, 2026 37:30


    Michael McFaul — Multi-Part, Part One: Michael McFaul, a Stanford professor and former US Ambassador to Russia, details his book Autocrats Versus Democrats: China, Russia, America, and the New Global Disorder. In Part One, McFaul examines historical turning points, beginning with the 1962 Cuban Missile Crisis and the 1991 Soviet collapse. He argues that the West was too complacent following the Cold War, missing critical opportunities to consolidate democratic institutions in Russia and China. He also explains how China's century of humiliation informs Xi Jinping's current desire for strength. (1)

    The John Batchelor Show
    S8 Ep1280: Michael McFaul — Multi-Part, Part Two: Michael McFaul, a Stanford professor and former US Ambassador to Russia, continues his discussion of Autocrats Versus Democrats: China, Russia, America, and the New Global Disorder, shifting to modern Pu

    The John Batchelor Show

    Play Episode Listen Later Aug 16, 2026 37:08


    Michael McFaul — Multi-Part, Part Two: Michael McFaul, a Stanford professor and former US Ambassador to Russia, continues his discussion of Autocrats Versus Democrats: China, Russia, America, and the New Global Disorder, shifting to modern Putinism and the no-limits partnership between Russia and China. McFaul describes Vladimir Putin as a risk-taker driven by imperialist ideology rather than national interest alone. He advocates for a grand strategy to counter autocracy by strengthening democratic alliances, supporting human rights, and maintaining America's edge in attracting global talent. He concludes that while US democracy is currently wobbling, its economic and ideational power remains superior if unified. (2)

    The John Batchelor Show
    S8 Ep1261: Anatol Lieven: The discussion highlights a dystopian shift in modern naval combat, where the Russian ghost fleet employs Mad Max tactics, using netting and spikes, to defend against Ukrainian drone attacks. Anatol Lieven describes a global spre

    The John Batchelor Show

    Play Episode Listen Later Aug 14, 2026 17:50


    Anatol Lieven: The discussion highlights a dystopian shift in modern naval combat, where the Russian ghost fleet employs Mad Max tactics, using netting and spikes, to defend against Ukrainian drone attacks. Anatol Lieven describes a global spread of drone technology that threatens energy prices and international stability. Both Russia and Ukraine suffer from the illusion of an imminent total victory, despite a grinding stalemate in which Russia holds a stronger economic position because of its self-funded war effort while Ukraine remains dependent on precarious European aid. Lieven warns of a potential sea war escalation if Russia retaliates against the seizure of its ships, potentially drawing NATO and the US into a direct naval clash. The conversation also touches on British politics, noting that Prime Minister Andy Burnham faces immense pressure regarding immigration and military spending despite his desire to focus on domestic issues. (1)

    Side Hustle Pro
    She Left Corporate Law, Went Back to Work, and Still Built a Global Fashion Brand

    Side Hustle Pro

    Play Episode Listen Later Aug 14, 2026 71:27


    In this episode, I sat down with Busayo Olupona, founder and creative director of Busayo, the Brooklyn- and Lagos-based fashion brand known for its bold prints and textiles created with artisans in Nigeria. Busayo shares how she went from corporate finance law to bringing handmade pieces home in suitcases, selling them at scrappy pop-ups, and eventually landing in major retailers including Saks Fifth Avenue, Bloomingdale's, Shopbop, and Moda Operandi.But this conversation goes much deeper than fashion. Busayo opens up about returning to a 9-to-5 after years of entrepreneurship, the shame and fear she had to unlearn, and the two serious cardiac events that forced her to confront the cost of constant striving. We talk about what it takes to build a business without losing yourself, why preparation matters before opportunity arrives, and how faith, meditation, and surrender changed the way she leads.In This Episode, You Will LearnWhy learning a new industry while you still have a paycheck can protect both your savings and your confidenceHow to view returning to a job as reinvesting in your business, not failing at entrepreneurshipWhy Busayo had to separate her worth from her corporate title and other people's opinionsHow years of creating collections before buyers said yes prepared her for the Saks opportunityWhat two serious cardiac events taught her about sleep, stress, self-care, and sustainable ambitionHow wholesale relationships can drive recurring revenue, brand discovery, and direct-to-consumer salesWhy Busayo believes faith, meditation, and surrender are practical tools for entrepreneurshipHighlights Include03:04 - Moving from Nigeria to the United States at age 11 and learning to reject parts of herself to fit in16:44 - How annual trips to Nigeria planted the seed for the Busayo brand19:37 - The first pop-up that pushed her to stop hiding her designs24:05 - Leaving Cleary Gottlieb and unlearning the belief that she was not enough29:16 - Attending her first trade show and returning with only two orders31:36 - Meeting mentor Mercedes Gonzalez and learning how wholesale really works32:36 - Going back to a legal job after burning through her savings34:49 - Returning to the same office building and confronting the shame tied to her old title36:19 - The first cardiac emergency that showed her she was pushing too hard39:49 - Experiencing a second cardiac event and making sleep and self-care non-negotiable47:59 - Why she now sees building a business as a spiritual endeavor55:49 - How years of preparation helped her seize the opportunity that led to Saks1:00:08 - Navigating strong years, lean years, and the impact of the Saks bankruptcy1:06:17 - Why wholesale remains an important revenue and discovery channel1:14:48 - Identifying your fear pockets before leaving a steady paycheckLinks and Resources MentionedShop BusayoThe Fashion Designer Survival Guide by Mary GehlharRAISEfashionThe Untethered Soul by Michael A. SingerMindset by Carol S. DweckConnect With BusayoBrand Instagram: @busayoworld: https://www.instagram.com/busayoworld/Personal Instagram: @busayojournal: https://www.instagram.com/busayojournal/ Hosted on Acast. See acast.com/privacy for more information.

    Thoughts on the Market
    The UK Has a Better Story to Tell

    Thoughts on the Market

    Play Episode Listen Later Aug 14, 2026 4:39


    Our Global Head of Fixed Income Research Andrew Sheets examines why investors might be overlooking the stability and performance of UK assets, despite persistent negative sentiment.Read more insights from Morgan Stanley.----- Transcript -----Andrew Sheets: Welcome to Thoughts on the Market. I'm Andrew Sheets, Global Head of Fixed Income Research at Morgan Stanley. Today, why the UK may need better PR. It's Friday, August 14th at 2pm in London. The last decade has been rough for the United Kingdom. Brexit was a true economic earthquake, and the subsequent weakening of economic ties to mainland Europe, the UK's largest trading partner, made economic activity weaker and more complicated.Then COVID hit the economy hard. So did spiking energy prices when Russia invaded Ukraine. Political volatility has been high, with seven prime ministers in the last 10 years. And at present, UK growth is weak, inflation is too high, and debt to GDP is rising. Moreover, in a post-COVID world that's increasingly driven by the profit and power of technology, including AI, the UK market seems almost stuck in another era. Of the 10 largest companies in the U.S. stock market, eight are in technology. In the UK, none of the 20 largest companies are in tech. Safe to say, being downbeat on the prospects for the UK is one of the most consensus views that I encounter. But it can also be deceiving. Simple stories in the market rarely are.Let's start with the argument that UK markets are boring, stagnant, and being left behind by their lack of technology. It's just not true. Through early August, the S&P 500 has returned 85 percent over the prior five years. The UK market? It's returned 82 percent. And over the last twelve months, the performance of the UK and U.S. markets are also similar. In short, don't judge a book by its cover. The UK's currency, meanwhile, shows no sign of global investors shunning the island. Over the last 10 years, the UK pound has actually gained value against the U.S. dollar. Notable given how strong the performance of the U.S. economy and markets have been over that time. And that's also pretty impressive relative to its peers. Over this same timeframe, the value of the Japanese yen, the Brazilian real, the Indian rupee, and the Korean won have all fallen significantly. The UK's currency, on a relative basis, has outperformed.Now, the UK's growth is weak. Morgan Stanley forecasts growth of just 1 percent this year versus a bit over 2 percent for the United States. But it's notable just what sort of headwind the country has been dealing with. The UK household and corporate sectors are both increasing their savings rates and doing so at the same time; and more savings means less spending and economic activity. To put some context around this, U.S. households are currently saving only about 3 percent of their disposable income. In the UK, it's over 9 percent. And so, if that UK savings rate can just simply stop moving higher – or even fall – well, it would represent a big support to growth going forward. But aren't we avoiding the big question, the fiscal question? After all, we at Morgan Stanley forecast that general UK government debt to GDP will be about 96 percent this year, some of the highest levels since World War II. But this is a global market, and I do think that the relative picture matters. So, when thinking about the UK's 96 percent debt to GDP ratio, let's consider what the numbers are elsewhere. That ratio is 120 percent in China. It's 120 percent in France. It's 125 percent in the U.S. It's 138 percent in Italy, and it's 208 percent in Japan. And out of all of these countries, the UK is the only one where we think the government deficit is materially smaller in 2027 than it was in 2025. Also, year-to-date, 10-year bond yields in the UK have risen less than yields in the U.S. or Japan.A new UK Prime Minister does raise the potential for new policy, something investors will need to watch closely. The country remains sensitive to swings in global energy prices. Yet we think the underlying story is more nuanced and positive than often gets discussed. Market performance has been bearing this out, and in many cases, the bar is low. Thank you, as always, for your time. If you find Thoughts on the Market useful, let us know by leaving a review wherever you listen. And also tell a friend or colleague about us today.

    The Unified Brand - Branding Podcast
    How Athletes Are Becoming Global Brands | Joe Pattison, EMW Global

    The Unified Brand - Branding Podcast

    Play Episode Listen Later Aug 14, 2026 36:09


    Athletes are no longer just competing on the pitch — they're becoming powerful global brands, media platforms and commercial assets in their own right.In this episode of The Unified Brand Podcast, Chris is joined by Joe Pattison, VP of Marketing at EMW Global, a global sports marketing agency specialising in talent representation, brand partnerships, activation and content.Joe breaks down insights from EMW Global and x+y Market Intelligence's Athlete Brand Economy Report and explores how social media, personal branding and changing fan behaviour are transforming sports marketing and athlete sponsorship.We discuss why younger fans are increasingly following individual athletes rather than clubs, how major sporting moments can rapidly increase an athlete's visibility and commercial value, and why authenticity is critical when building successful athlete-brand partnerships.Joe also explains how athletes are using data to better understand their commercial value, why personal brands are being built earlier in athletes' careers, and how agencies and brands can turn global attention into long-term commercial opportunities.In this episode, we cover:• The rise of the athlete brand economy• How social media has changed sports marketing• Athlete personal branding and commercial value• Why authenticity matters in athlete sponsorships• How brands choose the right athlete partnerships• The shift from club loyalty to athlete-led fandom• How data can measure athlete influence and marketability• Building athlete brands beyond their playing careers• Global sports marketing and localisation• The future of sports sponsorship and brand partnershipsIf you're a founder, marketer, brand strategist or sports marketing professional interested in personal branding, sponsorship, social media and the changing economics of sport, this episode offers a fascinating look at where athlete marketing is heading next.Listen now to discover why the future of sports marketing may increasingly belong to the athletes themselves.Joe Pattison — LinkedIn: Joe Pattison on LinkedIn. EMW Global: EMW Global official websitex+y Market Intelligence: x+y Market Intelligence official website.  The Athlete Brand Economy Report: Read the Athlete Brand Economy Report onlineDirect PDF: Download the Athlete Brand Economy Report PDF-----Whether you're a founder, marketing director, or business leader managing a growing brand across multiple teams or regions, this episode will help you identify the hidden friction points holding your brand back.Take the Brand Power Assessment: ⁠⁠⁠⁠⁠⁠⁠⁠⁠BrandPowerScorecard.co.uk⁠⁠⁠⁠⁠⁠⁠⁠⁠Book a ⁠⁠⁠⁠⁠⁠⁠⁠⁠Free Brand Discovery Call:⁠⁠⁠⁠⁠⁠⁠⁠⁠Subscribe for more episodes focused on building stronger, smarter, and more unified brands.Watch podcast clips & deep dives on YouTube: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Elements Brand Management⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

    The John Batchelor Show
    S8 Ep1252: Michael Bernstam: Michael Bernstam discusses a critical shortage of refined products such as diesel and gasoline, noting that global supply has dropped by 8.3 million barrels per day. While crude oil is available, refining capacity in the US an

    The John Batchelor Show

    Play Episode Listen Later Aug 13, 2026 17:50


    Michael Bernstam: Michael Bernstam discusses a critical shortage of refined products such as diesel and gasoline, noting that global supply has dropped by 8.3 million barrels per day. While crude oil is available, refining capacity in the US and Europe has declined for decades. Recent Ukrainian drone strikes have further crippled Russia's refining capabilities, forcing it to import fuel. These disruptions, along with Houthi attacks in the Red Sea, contribute to a daily deficit of 2 million barrels. Bernstam warns that consumers worldwide will face higher energy and food prices indefinitely as a result. (1)

    The John Batchelor Show
    S8 Ep1260: TABLE OF CONTENTS, THE JOHN BATCHELOR SHOW, 8-12-2026 Michael Bernstam: Michael Bernstam discusses a critical shortage of refined products such as diesel and gasoline, noting that global supply has dropped by 8.3 million barrels per day.

    The John Batchelor Show

    Play Episode Listen Later Aug 13, 2026 6:55


    TABLE OF CONTENTS, THE JOHN BATCHELOR SHOW, 8-12-2026Michael Bernstam: Michael Bernstam discusses a critical shortage of refined products such as diesel and gasoline, noting that global supply has dropped by 8.3 million barrels per day. While crude oil is available, refining capacity in the US and Europe has declined for decades. Recent Ukrainian drone strikes have further crippled Russia's refining capabilities, forcing it to import fuel. These disruptions, along with Houthi attacks in the Red Sea, contribute to a daily deficit of 2 million barrels. Bernstam warns that consumers worldwide will face higher energy and food prices indefinitely as a result. (1)Michael Lucchese: Michael Lucchese explores the history and modern return of isolationism within American politics, particularly the Republican Party. He characterizes isolationism as a short-sighted avoidance of global affairs that often coincides with political extremism. Lucchese argues that the West is currently in a civilizational contest against an axis of revisionist powers including China, Russia, Iran, and North Korea. He critiques recent administrations for showing a lack of civilizational confidence, which he believes has encouraged adversaries to be more aggressive on the world stage. (2)Captain James Fanell: Captain James Fanell reports on China's escalating campaign to annex international waters east of Taiwan. For the first time, Chinese vessels are interrogating ships on the high seas, an outrageous violation of maritime norms. This aggression occurs as the US Navy is severely overstretched, with carrier deployments extending to nine months and the arsenal of democracy being depleted by conflicts in Ukraine and the Middle East. Fanell urges the US and partner navies to conduct joint maneuvers with Taiwan to counter Beijing's comprehensive national power strategy. (3)Mark Clifford: Mark Clifford discusses the ongoing detention of British citizen and entrepreneur Jimmy Lai in Hong Kong. While China recently released a Protestant pastor, Xi Jinping reportedly remains determined that Lai, a fervent Catholic and advocate for Western values, will die in prison. Clifford suggests Xi's animosity is personal, rooted in a belief that the survival of the Communist Party is paramount and that any dissent is an existential threat. Despite the UK's new leadership focusing on domestic issues, Clifford hopes the government continues to pressure Beijing for the release of its citizen. (4)Charles Burton: Charles Burton provides insight into the annual Beidaihe retreat, where Chinese leaders meet secretly to decide the party's direction. This year's focus is on a failing domestic economy, including a collapsed housing market and crushing local government debt. Burton notes that Xi Jinping's limited international travel may indicate internal instability. Additionally, the discussion touches on escalating trade tensions between Canada and the US over potential tariffs and disagreements regarding the financing of the new Gordie Howe International Bridge. (5)Peter Huessy: Peter Huessy examines the fragile state of nuclear deterrence as Russia conducts drills for tactical nuclear weapons. He warns that the US is behind the eight ball regarding theater nuclear options, possessing only gravity bombs while Russia maintains thousands of short-range weapons. Huessy fears Putin may use these weapons for blackmail if he perceives a conventional loss in Ukraine. He advocates for the rapid modernization of the US nuclear triad, specifically calling for sea-launched cruise missiles to restore a credible deterrent against reckless adversaries. (6)Cliff May: Cliff May argues that Islamism is not being studied with the rigor that communism once received during the Cold War. He observes that many university Middle East studies departments, funded by foreign interests such as Qatar, have become Islamist adjacent. May highlights a recent Senate hearing on the Muslim Brotherhood where most senators failed to attend, fearing accusations of Islamophobia. This willful determination to ignore history allows the red-green alliance of far-left activists and Islamists to grow, posing a significant threat to democratic values. (7)Admiral Mark Montgomery: Admiral Mark Montgomery details the growing cyber and hybrid warfare cooperation within the axis of aggressors: China, Russia, Iran, and North Korea. This cooperation often involves criminal actors sharing attack techniques and technology to target critical infrastructure. Montgomery warns of new generation warfare, including terrorist acts, jamming, and disinformation. He specifically points to China's Volt Typhoon program, which has installed malware in US rail, water, and energy systems. Montgomery urges an all-hands-on-deck approach to secure essential systems, as attribution for these ghost-like attacks remains difficult. (8)Simon Constable: Simon Constable reports on rising commodity prices, with Brent crude reaching $89 per barrel and European gas prices surging 18 percent. He discusses the recent change in UK government, where new Prime Minister Andy Burnham has pledged to focus almost exclusively on domestic issues. Constable also touches on the results of a longevity quiz, noting that average life expectancy in the US has reached 79 years. Finally, the conversation addresses unusual political rhetoric in Britain regarding the monarchy and the impact of extreme weather and wildfires across Europe. (9)Bob Zimmerman: Bob Zimmerman discusses the progress of commercial space ventures, highlighting Rocket Lab's new contract for its reusable Neutron rocket. He explains how companies such as SpaceX are developing recoverable capsules for in-space manufacturing, including pharmaceuticals. Zimmerman also notes a recent Chinese rocket failure, which was transparently reported only because of local live-streamers. Additionally, India is attempting to transfer control of its spaceports to the private sector to foster competition. Despite opposition from fake environmental activist groups, Zimmerman remains optimistic about the future of private-sector space exploration. (10)One correction applied: the raw had "Vault Typhoon" — the PRC infrastructure intrusion campaign is Volt Typhoon. Also still open from the prior batch: Hu Chunhua and Mohammad Reza Tavakoli.Across both batches, four threads run through nearly every segment.The axis as a working system, not a slogan. Chinese and Russian materiel moving to Iran (Holt), Iranian resupply of the Houthis (Fitton-Brown), Hezbollah's Syrian pipeline (Daoud), and Montgomery's cyber cooperation among all four — the same four capitals appear in Lucchese's civilizational contest and Montgomery's shared attack techniques. The story is no longer four separate adversaries but one logistics and learning network.Pauses as rearmament. Haqqani, Daoud, and Fitton-Brown independently report Iran boasting that ceasefires are for restocking. Sayeh supplies the domestic mirror: executions spike precisely when negotiations are underway. Ben-Ur gives the Gaza version — Hamas distributing rifles while the disarmament deal is being signed. The diplomatic interval is the adversary's production cycle.American absence, and who fills it. Haqqani's "helpless giant," Fitton-Brown's elephant in the room, Fanell's nine-month carrier deployments and depleted arsenal, Huessy's theater nuclear gap, Bernstam's lost refining capacity. Chang and Holt argue the reticence is a gambit; the guests closer to the ground read it as depletion. Haqqani's line is the sharpest: China wins by saying nothing.Xi's brittleness. Collier's $7.7 trillion in hidden bad loans, Burton's Beidaihe meeting on a collapsed housing market and local debt, Xi's shrinking travel schedule, Holt's factional rival. Clifford's Jimmy Lai segment is the same material in personal form — the vindictiveness of a leader who treats any dissent as existential. External aggression from Fanell sits directly on top of internal weakness from Collier and Burton, which is the more interesting juxtaposition than either alone.Two smaller pairings worth an hour break: Bernstam and Constable both on energy and food prices as the civilian bill for all of the above, and Araújo/Peña Esclusa's hemispheric shift as the one segment where the trend runs the other way — Petro out, De la Espriella in, Lula isolated.If you want a running order argument: Collier and Burton to establish the weakness, Fanell and Holt for the aggression it produces, then the Iran arc from Haqqani through Sayeh, with Bernstam and Constable as the price tag.

    Thoughts on the Market
    Robotaxis' $1 Trillion Opportunity

    Thoughts on the Market

    Play Episode Listen Later Aug 13, 2026 12:45


    Robotaxis are accelerating along the road to commercial viability. Auto and Shared Mobility Analysts Andrew Percoco and Tim Hsiao discuss what this rapid development means for global investors.Read more insights from Morgan Stanley.----- Transcript -----Andrew Percoco: Welcome to Thoughts on the Market. I'm Andrew Percoco, Head of North America Auto and Shared Mobility Research. Tim Hsiao: And I'm Tim Hsiao, Greater China Auto and Shared Mobility Analyst.Andrew Percoco: Today, why robotaxis may be approaching a commercial inflection point. It's Thursday, August 13th at 8am in New York.Tim Hsiao: And 8 pm in Hong Kong.Andrew Percoco: So Tim, for years, robotaxis were really confined to limited pilot rollouts across the globe. You've done a lot of work over the last few weeks. We put out a big collaborative report on the robotaxi market and how it could be a $1 trillion TAM by 2040.What makes this moment different than some of the other robotaxi hype cycles that we've seen in the past? Tim Hsiao: We observe four things have been converging. Firstly, end-to-end AI is improving much faster. Secondly, hardware and the training costs are falling. And thirdly, more well-capitalized players can fund deployment. And last but not least, regulation is becoming clearer.The leading operators are no longer just demonstrating the technology. They are running fully driverless services around the clock and generating commercial rides. So in our view, the questions has been shifting from can it work to who can expand operating areas, raise utilization and lower costs at a much faster pace.So that's a very different setup versus the 2018 and 2021 hype cycles. Andrew, U.S. autonomous miles could rise from 116 million in [20]25 to 16 billion by 2032. But still make up only about 0.5 percent of all miles driven. How can robotaxis become a meaningful business while remaining such a small part of the market?Andrew Percoco: I would say, you know, obviously the U.S. mobility and transportation market is a massive market. So even with the rapid growth that we expect in robotaxis, it's going to take a long time to make a material impact in the overall market share of mobility. But if you think about the profit pools in this business, 16 billion miles at $2 a mile can, you know, pretty quickly become a very significant TAM and market opportunity.And I think, you know, fundamentally, if you think about a robotaxi business, I would argue you're better utilizing an asset... Or if you think about the, you know, car park, the amount of vehicles that are, you know, in the fleet today or in the U.S. today, they're sitting idle 90 percent of the time, right?So you're talking about taking a smaller amount of volume and driving a higher utilization on that fleet and driving much improved economics. So yes, it's going to take time to displace the, you know, hundreds of millions of cars that you have on the road in the U.S. and displace the penetration of miles driven. But ultimately, you know, we think that the profit pool and the opportunity in robotaxis are much more attractive for the entire value chain, as it relates to robotaxis. And I'd say there's a few things that we're watching along the way to make sure that, to your point, you know, this is not another hype cycle. And that there's real commercial backbone to this business.I'd say the first is seeing the rollouts continue to improve, and the density of the rollouts improve across the select cities that we've seen in the U.S. right now. Robotaxis are only available in a handful of cities in the U.S., so we want to see that continue to expand into more cities. But also the density of the fleet increase in the cities where they're currently present.And at the same time the safety side is still something that gets a lot of questions in making sure that it is truly safer than a human driver, across technology platforms, right? There's various players in this market with different approaches to technology. So, I think seeing that the safety curve is starting to or continues to improve is going to be very important for the viability of this market going forward.Obviously U.S. is very different from China. What have you seen in China? China has shown some impressive growth and utilization in some of the operators that are on the road in China. So just curious as to your perspective in terms of what you're seeing on the ground there. Tim Hsiao: I think China shows that there's much in operations and skill challenges as technology challenges. The fleet in China is above 5,000 vehicles across I think more than 7500 square kilometers in key cities. And some operators average more than 20 orders per vehicle per day.So, total cost of ownership has fallen roughly 30 to 40 percent, while remote assistance ratios are moving from like one operator for like 20 to 40, even like 50 to 60 vehicles. And we think it will achieve like one for a 100. So that has produced real break-even happens, especially in some major cities like Guangzhou, Shenzhen, Wuhan – the tier one, tier two cities.So in our view, I think in China, wider operating domains, fleet density and utilization rate, as you just mentioned, reinforce one another. So make it some more like the real commercial case. Instead of just, like trials as we saw a couple years ago. If more value shifts towards the software, fleet operation, and the data, as well as the customer relations, how does that change the profit pool, across the auto industry, especially in the U.S.?Andrew Percoco: First off, I think the auto industry in general is becoming, you know, more software focused and aware. You know, it's being led by the robotaxi market where the autonomous driving software and technology is obviously the most important part about getting this technology to market.That is ultimately trickling down to personally owned cars where you're seeing more autonomous technology being deployed. Auto OEMs are able to charge subscription revenue for this software. So it expands, I'd say, the value proposition of buying a vehicle expands the profit pool for the OEMs.It changes in some ways the cyclicality, or can change the cyclicality of the industry if you've got more kind of recurring revenues, subscription like business model versus just a hardware focused OEM model, which has been kind of the predominant focus for the OEMs historically. I'd say the other angle, interesting angle here is, you know, as this business scales, there's gonna be a lot of vehicles on the road. There's gonna be a lot of fleets of vehicles on the road. Those need to be managed by somebody or some company, right? So if you think about, you know, the rental car industry, right? These companies have been in the business of managing fleets and renting out fleets for a very long time. They know how to do that very, very well.I think there's an interesting opportunity for that part of the value chain, to participate in aiding these robotaxi fleet operators, in scaling and bringing their business to market. Charging, maintenance, reconditioning, all the things that take a lot of time and a pretty large amount of physical infrastructure.That's an opportunity for the rental car industry to come in and leverage their existing know-how to help. And, you know, I think Tim, an important part of this commercialization process is driving down the cost structure of robotaxis. They are very sensor; heavy sensor heavy. They're very compute heavy. I think China is the clear leader on cost and supply chain. I think in China you're seeing robotaxis, you know, around $35,000 to $40,000, which is considerably lower than what we see in the U.S. today.So, how do you think that that will accelerate adoption in China, but I'd say more importantly overseas as some of these robotaxis businesses look to expand outside of China. Tim Hsiao: In our view, it could be a major accelerant because as we noticed that the depreciation is still one of the largest fixed costs for robotaxi. So, as we just mentioned, I think, $35000 to $45000 US dollars, the purpose-built robotaxi can lower the breakeven utilization threshold. And make it easier to finance fleets and open cities that could not support the $150,000 US dollar vehicle.And not only in China, because globally, I think the Chinese cost deflation can be paired with the local ride-hailing platforms in the overseas market that provide demand and regulatory access. But as we highlighted in our previous, the global reports once again, we don't think the cheap vehicle is sufficiently by their self.So in our views, on top of the competitive cost structure, registration, data localization, insurance, and local operating costs can still delay the margin curve, particularly in Europe, which we think there are still quite a lot of uncertainties. So Andrew, as we just, as we just discussed, the lower vehicle costs help, but the operating model still has to work, right? So with operating costs expected to fall and the margin potentially moving above 30 percent or even higher at scale, what are the key assumptions investors should focus on?Andrew Percoco: There's a handful of key assumptions you need to sensitize to get to that 30 percent or more margin structure in this business. I'd say the first is going to be utilization, right? You need to be running these assets at a high utilization to essentially amortize those fixed costs over a larger number of miles driven.Number two, insurance today is probably one of the largest buckets of cost when we think about this business. Insurance is, from our perspective, a big unlock for this industry as the safety, as we mentioned before, the safety data continues to improve. We think that will be a reason to, to expect that the insurance costs associated with autonomous driving technology and robotaxis will continue to decline.It's about 30 cents per mile on our estimate, so it's very significant in terms of the overall cost structure of robotaxis. Drivers or where there's the most sensitivity around the model. Obviously, there's charging costs, there's maintenance costs. Those are, I think, fairly known at this point. But the utilization and insurance, I think, are the two biggest drivers of really getting that margin profile to improve over time. Tim, I guess when you think about the next, call it 10 to 15 years, I think we will put out a trillion dollar market by 2040 from a TAM perspective.What do you think the biggest markets are that investors should be watching, in terms of getting us to that trillion dollar TAM? Obviously, U.S. and China are kinda leading now, but what are the next markets people should be watching?Tim Hsiao: In addition to the major market, as you just mentioned, the U.S. and China, in our views, I think we also need to focus on markets like Europe, the Middle East and Southeast Asia. I think their scale is underappreciated, as we highlighted in our previous report. Because if you think about that, Europe, the Middle East, and Southeast Asia in aggregate have roughly four million taxis together ride-hailing vehicles.So even with 25 percent conversion, they imply that about one million is the L4s vehicles. The Middle East offers supportive regulators, you can tell, simpler operating environments and higher fares. And if you think about the Southeast Asia, the ASEAN, I think the market has dense demand and strong local platforms.And of course, Euro markets definitely can't be ignored because Euro will move more slowly, because we think the regulations and the data rules would initially add cost. But the truth is, if you think about the European market, I think the taxis or ride-hailing fares are among the highest globally, even compared to the U.S. and rest of the world.So in our view, the material margin could be more attractive. And this market, on top of the U.S. and China, in our view, can support several regional winners. So, not only limited to a very, you know, the single one or two markets.Andrew Percoco: Yeah, it's great Tim. It sounds like, you know, the robotaxi race, if you want to put it that way, will be won by those who can really bring together technology, and a compelling cost structure while also following the proper regulations and making sure the safety is improving at a rate that's acceptable to regulators.So, Tim, thanks for taking the time to talk today. And thanks for listening. If you enjoy Thoughts on the Market, please leave us a review wherever you listen, and share the podcast with a friend or colleague today.

    The Grimerica Show
    #775 - The Grimoire - Secret Teachings Esoteric Audiobook Club and Library | Global Launch Party

    The Grimerica Show

    Play Episode Listen Later Aug 13, 2026 134:11


    Darren Grimes and Graham Dunlop launch their new Grimoire platform, a global book club built around 250 plus professionally narrated audiobooks, lunar-cycle book picks, and community participation. They also demo a new online Pegs and Jokers game, whil e walking through the shelves of the library and explaining how free access, founder memberships, and the inner sanctum work. https://pegsandjokers.ca/ https://www.skool.com/the-secret-teachings-book-club-1875   In this episode, Darren and Graham cover the launch setup, the membership model, and the structure of the new book club. They also preview the first book of the month, discuss how the shelves are organized, and share the thinking behind the game and the community features. Key topics In this episode: the Grimoire launches with more than 250 audiobooks, with the library expected to grow to around 260 soon. The free book of the month is The Secret Teachings of All Ages in an abridged edition, chosen because starting with the full 36 hour version would be too much for most listeners. Founder keeper and monthly initiate memberships unlock the full library, while the free tier gives access to the monthly featured book and community activity. The book club is organized around lunar cycles, with a new moon monthly pick and a full moon live read, creating a rhythm of one book per moon month. The community model includes chapter check-ins, passage discussions, Friday tangents, and a final live book council in the last week of each book month. Darren and Graham describe the inner sanctum as a deeper, earned area of the platform, accessible through participation rather than payment alone. The shelves span Hermetica and occult, theosophy, mysticism east and west, Atlantis and Fortiana, mind and prosperity, weird fiction, philosophy and classics, magic, and power and propaganda. They highlight standout titles such as The Purple Cloud, The Machine Stops, Atlantis by Ignatius Donnelly, The Book of Thoth, Psychic Self-Defense, The Power of Positive Thinking, and The Road to Serfdom. Graham demos Pegs and Jokers, explaining how the online version works, how the cards move pieces, and why it is meant to be played with friends and family across locations. They mention the platform is still being cleaned up and reorganized, including moving some books between shelves and adding PDFs and other support material.   Become a Lord or Lady with 1k donations over time. And a Noble with any donation. Leave Serfdom behind and help Grimerica stick to 0 ads and sponsors and fully listener supported. Thanks for listening!! Help support the show, because we can't do it without ya. https://www.simulationmaps.com/#products Suite of Interactive Maps! DisasterMap, VolcanoSim, AsteroidSim, ShipwreckMap, UFOMap etc https://www.amazon.com/Unlearned-School-Failed-What-About/dp/1998704904/ref=sr_1_3?sr=8-3   Support the show directly: https://open.spotify.com/show/2punSyd9Cw76ZtvHxMKenI?si=ImKxfMHgQZ-oshl499O4dQ&nd=1&dlsi=4c25fa9c78674de3 Watch or Listen on Spotify https://grimericacbd.com/ CBD / THC Gummies and Tinctures http://www.grimerica.ca/support https://www.patreon.com/grimerica http://www.grimericaoutlawed.ca/support   Our audio book website: www.adultbrain.ca Check out our next trip/conference/meetup - Contact at the Cabin www.contactatthecabin.com www.grimerica.ca/shrooms and Micro Dosing Darren's book www.acanadianshame.ca Join the chat / hangout with a bunch of fellow Grimericans Https://t.me.grimerica grimerica.ca/chats   Discord Chats https://itunes.apple.com/ca/podcast/grimerica-outlawed Sign up for our newsletter https://grimerica.substack.com/ SPAM Graham = and send him your synchronicities, feedback, strange experiences and psychedelic trip reports!! graham@grimerica.com Purchase swag, with partial proceeds donated to the show: www.grimerica.ca/swag Send us a postcard or letter http://www.grimerica.ca/contact/ Episode ART - Napolean Duheme's site http://www.lostbreadcomic.com/ MUSIC https://brokeforfree.bandcamp.com/ - Something Galactic Felix's Site sirfelix.bandcamp.com - Should I         Timestamps 00:00 - Restarting the launch after a false start 01:09 - Founder membership goals and how the book club access works 02:51 - Free members, VIP tiers, and the first monthly book 03:26 - The vault, classroom, and inner sanctum 04:16 - Launch day tech problems and the rough custom URL 05:16 - Introducing Pegs and Jokers and how the game works 06:56 - Why the game is meant for people, not just bots 08:30 - Book club access, free tier, and The Secret Teachings of All Ages 09:55 - Monthly rotation, live reads, and short book length strategy 10:01 - Reading a passage from The Secret Teachings of All Ages 11:18 - How book voting will work and the 10 comment limit 13:13 - Membership tiers and what each one unlocks 14:15 - Global map, leaderboards, and the earned inner sanctum 15:35 - Shelf overview: occult, theosophy, mysticism, Atlantis, and more 16:20 - The Purple Cloud and the appeal of weird fiction 17:41 - Hollow earth, lost civilizations, and classic speculative titles 19:38 - The Machine Stops and early dystopian fiction 20:52 - More shelf curation and shifting titles between categories 23:06 - How the monthly book club threads will work 25:18 - Commission features and community referrals 27:00 - Recent completed books and what is coming next 28:31 - Atlantis, Fortiana, and Ignatius Donnelly 31:44 - Why Donnelly still matters in Atlantis discussions 33:35 - Paradise Found and the North Pole Eden theory 35:47 - Shelf one: Hermetica and occult foundations 37:40 - Theosophy, Blavatsky, and the first monthly free book 39:59 - The Kabalah and key Hermetic texts 41:53 - Practical occultism and the warning not to treat it casually 42:46 - Rosicrucian mysteries, The Secret Destiny of America, and tarot 46:23 - Bacon, symbolic myth, and the wisdom of the ancients 47:39 - The full Secret Teachings audiobook and the premium tier 48:57 - Theosophy shelf highlights, including Thought Forms and The Secret Doctrine 52:21 - The Science of Immortality and a modern summary of Theosophy 54:55 - Mysticism east and west, slowly paced classics, and deep reading 56:15 - Christianity as Mystical Fact and esoteric Christianity 57:49 - Mystical Christianity and reading the Gospels as initiation text 58:47 - The New Man and inner psychological struggle 63:31 - Mind and prosperity: self-help, new thought, and money classics 64:58 - The Conquest of Happiness and the logic of optimism 66:19 - Meditations, Recovery Dharma, Self-Reliance, and As a Man Thinketh 67:39 - Darren's own book and the self-directed learning theme 67:59 - The Power of Positive Thinking and Think and Grow Rich 68:51 - Weird fiction as a shelf of cosmic horror and apocalypse tales 77:32 - The Apocalypse Then compilation and end-of-the-world fiction 79:12 - Saint-Germain, Cthulhu, and cosmic horror influences 81:38 - The Willows and the best weird tale discussion 82:08 - Charles Fort, The Book of the Damned, and excluded data 84:25 - Moon Child, Eadadorpa, and final weird fiction curation 86:14 - Philosophy, classics, and the structure behind the other shelves 87:52 - Socialism, utopias, and the political thread running through the shelf 89:25 - The Game of Life, Scientism, Nietzsche, and Chesterton 91:01 - Orthodoxy and the case for mystery 93:43 - Magic as the practical shelf and the history of ceremonial practice 94:35 - Agrippa, The Book of the Law, and tarot foundations 96:01 - Psychic Self-Defense and the reality of hostile influence 97:21 - The Fourth Book of Agrippa and ceremonial magic mechanics 98:14 - Levi, the Shamir, and ancient megalithic speculation 101:04 - Malleus Maleficarum and witch hunting history 101:56 - The History of Magic and the power of imagination 103:33 - Power and propaganda as the shelf of control systems 105:34 - Wells, the world brain, and early internet thinking 107:23 - The Road to Serfdom and central planning 108:03 - Darren's Canadian residential schools titles 109:11 - Gustave Le Bon and The Crowd 113:14 - Technocracy and the rise of expert rule 114:55 - Secret societies and subversive movements 117:05 - Proofs of a Conspiracy and early anti-Illuminati writing 124:50 - Short list of possible future reads and the launch's next phase  

    Grimerica Outlawed
    The Grimoire - Secret Teachings Esoteric Audiobook Club and Library | Global Launch Party

    Grimerica Outlawed

    Play Episode Listen Later Aug 13, 2026 134:11


    Darren Grimes and Graham Dunlop launch their new Grimoire platform, a global book club built around 250 plus professionally narrated audiobooks, lunar-cycle book picks, and community participation. They also demo a new online Pegs and Jokers game, whil e walking through the shelves of the library and explaining how free access, founder memberships, and the inner sanctum work. https://pegsandjokers.ca/ https://www.skool.com/the-secret-teachings-book-club-1875   In this episode, Darren and Graham cover the launch setup, the membership model, and the structure of the new book club. They also preview the first book of the month, discuss how the shelves are organized, and share the thinking behind the game and the community features. Key topics In this episode: the Grimoire launches with more than 250 audiobooks, with the library expected to grow to around 260 soon. The free book of the month is The Secret Teachings of All Ages in an abridged edition, chosen because starting with the full 36 hour version would be too much for most listeners. Founder keeper and monthly initiate memberships unlock the full library, while the free tier gives access to the monthly featured book and community activity. The book club is organized around lunar cycles, with a new moon monthly pick and a full moon live read, creating a rhythm of one book per moon month. The community model includes chapter check-ins, passage discussions, Friday tangents, and a final live book council in the last week of each book month. Darren and Graham describe the inner sanctum as a deeper, earned area of the platform, accessible through participation rather than payment alone. The shelves span Hermetica and occult, theosophy, mysticism east and west, Atlantis and Fortiana, mind and prosperity, weird fiction, philosophy and classics, magic, and power and propaganda. They highlight standout titles such as The Purple Cloud, The Machine Stops, Atlantis by Ignatius Donnelly, The Book of Thoth, Psychic Self-Defense, The Power of Positive Thinking, and The Road to Serfdom. Graham demos Pegs and Jokers, explaining how the online version works, how the cards move pieces, and why it is meant to be played with friends and family across locations. They mention the platform is still being cleaned up and reorganized, including moving some books between shelves and adding PDFs and other support material.   Become a Lord or Lady with 1k donations over time. And a Noble with any donation. Leave Serfdom behind and help Grimerica stick to 0 ads and sponsors and fully listener supported. Thanks for listening!! Help support the show, because we can't do it without ya. https://www.simulationmaps.com/#products Suite of Interactive Maps! DisasterMap, VolcanoSim, AsteroidSim, ShipwreckMap, UFOMap etc https://www.amazon.com/Unlearned-School-Failed-What-About/dp/1998704904/ref=sr_1_3?sr=8-3   Support the show directly: https://open.spotify.com/show/2punSyd9Cw76ZtvHxMKenI?si=ImKxfMHgQZ-oshl499O4dQ&nd=1&dlsi=4c25fa9c78674de3 Watch or Listen on Spotify https://grimericacbd.com/ CBD / THC Gummies and Tinctures http://www.grimerica.ca/support https://www.patreon.com/grimerica http://www.grimericaoutlawed.ca/support   Our audio book website: www.adultbrain.ca Check out our next trip/conference/meetup - Contact at the Cabin www.contactatthecabin.com www.grimerica.ca/shrooms and Micro Dosing Darren's book www.acanadianshame.ca Join the chat / hangout with a bunch of fellow Grimericans Https://t.me.grimerica grimerica.ca/chats   Discord Chats https://itunes.apple.com/ca/podcast/grimerica-outlawed Sign up for our newsletter https://grimerica.substack.com/ SPAM Graham = and send him your synchronicities, feedback, strange experiences and psychedelic trip reports!! graham@grimerica.com Purchase swag, with partial proceeds donated to the show: www.grimerica.ca/swag Send us a postcard or letter http://www.grimerica.ca/contact/ Episode ART - Napolean Duheme's site http://www.lostbreadcomic.com/ MUSIC https://brokeforfree.bandcamp.com/ - Something Galactic Felix's Site sirfelix.bandcamp.com - Should I         Timestamps 00:00 - Restarting the launch after a false start 01:09 - Founder membership goals and how the book club access works 02:51 - Free members, VIP tiers, and the first monthly book 03:26 - The vault, classroom, and inner sanctum 04:16 - Launch day tech problems and the rough custom URL 05:16 - Introducing Pegs and Jokers and how the game works 06:56 - Why the game is meant for people, not just bots 08:30 - Book club access, free tier, and The Secret Teachings of All Ages 09:55 - Monthly rotation, live reads, and short book length strategy 10:01 - Reading a passage from The Secret Teachings of All Ages 11:18 - How book voting will work and the 10 comment limit 13:13 - Membership tiers and what each one unlocks 14:15 - Global map, leaderboards, and the earned inner sanctum 15:35 - Shelf overview: occult, theosophy, mysticism, Atlantis, and more 16:20 - The Purple Cloud and the appeal of weird fiction 17:41 - Hollow earth, lost civilizations, and classic speculative titles 19:38 - The Machine Stops and early dystopian fiction 20:52 - More shelf curation and shifting titles between categories 23:06 - How the monthly book club threads will work 25:18 - Commission features and community referrals 27:00 - Recent completed books and what is coming next 28:31 - Atlantis, Fortiana, and Ignatius Donnelly 31:44 - Why Donnelly still matters in Atlantis discussions 33:35 - Paradise Found and the North Pole Eden theory 35:47 - Shelf one: Hermetica and occult foundations 37:40 - Theosophy, Blavatsky, and the first monthly free book 39:59 - The Kabalah and key Hermetic texts 41:53 - Practical occultism and the warning not to treat it casually 42:46 - Rosicrucian mysteries, The Secret Destiny of America, and tarot 46:23 - Bacon, symbolic myth, and the wisdom of the ancients 47:39 - The full Secret Teachings audiobook and the premium tier 48:57 - Theosophy shelf highlights, including Thought Forms and The Secret Doctrine 52:21 - The Science of Immortality and a modern summary of Theosophy 54:55 - Mysticism east and west, slowly paced classics, and deep reading 56:15 - Christianity as Mystical Fact and esoteric Christianity 57:49 - Mystical Christianity and reading the Gospels as initiation text 58:47 - The New Man and inner psychological struggle 63:31 - Mind and prosperity: self-help, new thought, and money classics 64:58 - The Conquest of Happiness and the logic of optimism 66:19 - Meditations, Recovery Dharma, Self-Reliance, and As a Man Thinketh 67:39 - Darren's own book and the self-directed learning theme 67:59 - The Power of Positive Thinking and Think and Grow Rich 68:51 - Weird fiction as a shelf of cosmic horror and apocalypse tales 77:32 - The Apocalypse Then compilation and end-of-the-world fiction 79:12 - Saint-Germain, Cthulhu, and cosmic horror influences 81:38 - The Willows and the best weird tale discussion 82:08 - Charles Fort, The Book of the Damned, and excluded data 84:25 - Moon Child, Eadadorpa, and final weird fiction curation 86:14 - Philosophy, classics, and the structure behind the other shelves 87:52 - Socialism, utopias, and the political thread running through the shelf 89:25 - The Game of Life, Scientism, Nietzsche, and Chesterton 91:01 - Orthodoxy and the case for mystery 93:43 - Magic as the practical shelf and the history of ceremonial practice 94:35 - Agrippa, The Book of the Law, and tarot foundations 96:01 - Psychic Self-Defense and the reality of hostile influence 97:21 - The Fourth Book of Agrippa and ceremonial magic mechanics 98:14 - Levi, the Shamir, and ancient megalithic speculation 101:04 - Malleus Maleficarum and witch hunting history 101:56 - The History of Magic and the power of imagination 103:33 - Power and propaganda as the shelf of control systems 105:34 - Wells, the world brain, and early internet thinking 107:23 - The Road to Serfdom and central planning 108:03 - Darren's Canadian residential schools titles 109:11 - Gustave Le Bon and The Crowd 113:14 - Technocracy and the rise of expert rule 114:55 - Secret societies and subversive movements 117:05 - Proofs of a Conspiracy and early anti-Illuminati writing 124:50 - Short list of possible future reads and the launch's next phase  

    Spencer & Vogue
    Vogue LOST Her Wedding Ring Diamond?!

    Spencer & Vogue

    Play Episode Listen Later Aug 13, 2026 25:56


    On this week's Vogue & Amber: A diamond has fallen out of Vogue's wedding ring and she has no idea where it happened, Spencer got a vomitting bug and was banished to the connecting room so Vogue wouldn't get his "sick pillow", and Jay-Z has announced London dates right around baby time. Will Vogue go? Plus, Amber's fed up of her rubbish golf, it's the last week of Heart Breakfast, we're loving Madonna's new album, Amber's still devouring lots of delish food and we've a bridesmaid AITA where the maid of honour has to plan a wedding alongside the woman who slept with her ex for 2 years.Vogue & Amber is a Global production, available every Tuesday and Thursday on Global Player, YouTube or wherever you get your shows. Make sure you subscribe so you never miss an episode.Watch us on YouTube! CLICK HERE! or search Vogue & AmberRemember, if you want to get involved you can:Email us at vogueandamberpod@global.com OR find us on socials @voguewilliams, @ambrerosolero @vogueandamberpod

    BBQ RADIO NATION
    From Backyard Smoke to Global Fire: The Eat More Barbecue Story

    BBQ RADIO NATION

    Play Episode Listen Later Aug 13, 2026 40:50


    Send us Fan MailThis week on the Barbecue Radio Network—Freddie Bell fires things up with Ryan Sanderson, the man behind Eat More Barbecue. From a first smoker in Canada to a worldwide barbecue movement, it's all about smoke, stories, and serious flavor. Don't miss tips, tales, and the culture of barbecue going global. Tune in and… keep the smoke rolling!Support the showwww.bbqradionetwork.com

    The Lady Jaye Meat Dudes - A Meat & Restaurant Podcast
    The Global Wagyu Conversation | The World Wagyu Council

    The Lady Jaye Meat Dudes - A Meat & Restaurant Podcast

    Play Episode Listen Later Aug 13, 2026 75:34


    What does Wagyu look like around the world?This week, the Meat Dudes sit down with Deja Nienaber and Richard Saunders of the World Wagyu Council for a fascinating conversation about the global Wagyu industry.Together we compare the unique perspectives of Japan, Australia, England, Namibia, and the United States while discussing genetics, breeding, consumer education, sustainability, and where Wagyu is headed next.If you've ever wondered how Wagyu differs around the world—or where the global industry is headed—this episode is for you.

    Business Travel 360
    What's Up in Business Travel | Global Business Travel Tops $1.7 Trillion

    Business Travel 360

    Play Episode Listen Later Aug 13, 2026 14:35


    Send us Fan MailWelcome to the What's Up in Business Travel  podcast for Week 32 of 2026.  This weekly podcast is great for those who need to know what's happening in the world of business travel - in under 15 minutes.On this week's podcast, we cover the following stories:Global business travel tops $1.7 trillionOn-time performance slips across North AmericaBleisure demand continues to growFAA orders inspections of Boeing 737 MAX fleetSouthwest ships its own jet fuelWestJet strike comes to an endSouthwest accelerates corporate travel strategyFrontier gains after Spirit exitApollo seals EasyJet takeoverGray Dawes expands in North AmericaEngine acquires Options Travel Southwest expands international partnershipsJetBlue unveils BlueFirstPerk simplifies visa applicationsAmerican Airlines expands digital travel toolsAllegiant adds first-class cabinsYou can subscribe to this podcast by searching 'BusinessTravel360' on your favorite podcast player or visiting BusinessTravel360.comThis podcast was created, edited and distributed by BusinessTravel360.  Be sure to sign up for regular updates at BusinessTravel360.com - Enjoy!Support the show

    Long Story Short
    This Week in Global Dev: #157: Inside the State Department's pivot to faith-based organizations

    Long Story Short

    Play Episode Listen Later Aug 13, 2026 29:13


    In this episode of This Week in Global Development, Business Editor David Ainsworth sits down with Senior Reporters Michael Igoe and Sara Jerving to discuss the U.S. State Department's announcement to allocate nearly $2 billion to partnerships with faith-based and community organizations providing global health and humanitarian aid. It is the largest funding package of its kind in over two decades, and this week's guests discuss how the move is driven by the U.S. government's belief that faith-based groups are more cost-efficient, with the Trump administration arguing they have the potential to be more financially sustainable in the long term. This podcast episode explores whether these faith-based partnerships include non-Christian organizations, and whether this new approach will truly maximize impact.

    Outsource Accelerator Podcast with Derek Gallimore
    OA 600: Marketing & Discoverability in the Age of AI Search with Andrew Kokes of Pivot AI Global

    Outsource Accelerator Podcast with Derek Gallimore

    Play Episode Listen Later Aug 13, 2026 42:18


    Outsourcing podcast Get the full show notes for this outsourcing podcast here: outsourceaccelerator.com/600   Andrew Kokes joins the Outsource Accelerator Podcast after nearly three decades in outsourcing marketing, most of it in senior in-house roles including chief marketing officer. He has now launched Pivot AI Global to help mid-market BPOs solve a fast-growing problem: how to get discovered when buyers ask AI instead of Google. The conversation is a practical look at how search is changing, how AI answer engines actually pick who to recommend, and what outsourcing firms should do about it.   References: Website: https://pivotaiglobal.com/ LinkedIn: https://www.linkedin.com/company/pivot-ai-global/   Start Outsourcing Outsource Accelerator can help you transform your business with outsourcing. Get in touch now, or use one of the resources below.   Business Process Outsourcing Get a Free Quote - Connect with 3 verified outsourcing experts & see how outsourcing can transform your business Book a Discovery Call - See how Outsource Accelerator can help you enhance your company's innovation and growth with outsourcing The Top 40 BPOs - We have compiled this review of the most notable 40 Business Process Outsourcing companies in the Philippines Outsourcing Calculator - This tool provides you with invaluable insight into the potential savings outsourcing can do for your business Outsourcing Salary Guide - Access the comprehensive guide to payroll salary compensation, benefits, and allowances in the Philippines Outsourcing Accelerator Podcast - Subscribe and listen to the world's leading outsourcing podcast, hosted by Derek Gallimore Payoneer - The leading global B2B payment solution for the outsourcing industry   About Outsource Accelerator Outsource Accelerator is the world's leading outsourcing marketplace and advisory. We offer the full spectrum of services, from light advisory and vendor brokerage, though to full implementation and fully-managed solutions. We service companies of all sectors, and all sizes, spanning all departmental verticals. Outsource Accelerator's unique approach to outsourcing enables our clients to build the best teams, access the most flexible solutions, and generate the best results possible. Our unrivaled sector knowledge and market reach mean that you get the best terms and results possible, at the best ALL-IN market-leading price - guaranteed.

    The MeidasTouch Podcast
    Trump Faces Global Isolation as New Security Alliances Emerge

    The MeidasTouch Podcast

    Play Episode Listen Later Aug 12, 2026 22:26


    MeidasTouch host Ben Meiselas reports on world leaders ditching Trump and US-led alliances to form their own regional security arrangements and Meiselas highlights the how China has now become the major player in ensuring more global security guarantees as well. Go to https://Dupe.com for their 100% Free Research for Me comparison shopping tool. Finally feel good about what you're buying with https://Dupe.com. Remember to subscribe to ALL the MeidasTouch Network Podcasts: MeidasTouch: https://www.meidastouch.com/tag/meidastouch-podcast Legal AF: https://www.meidastouch.com/tag/legal-af MissTrial: https://meidasnews.com/tag/miss-trial The PoliticsGirl Podcast: https://www.meidastouch.com/tag/the-politicsgirl-podcast Cult Conversations: The Influence Continuum with Dr. Steve Hassan: https://www.meidastouch.com/tag/the-influence-continuum-with-dr-steven-hassan The Weekend Show: https://www.meidastouch.com/tag/the-weekend-show The Ken Harbaugh Show: https://meidasnews.com/tag/the-ken-harbaugh-show Majority 54: https://www.meidastouch.com/tag/majority-54 On Democracy with FP Wellman: https://www.meidastouch.com/tag/on-democracy-with-fpwellman Uncovered: https://www.meidastouch.com/tag/maga-uncovered Learn more about your ad choices. Visit megaphone.fm/adchoices

    Thoughts on the Market
    The Potential Way Forward for the U.S.-Iran Standoff

    Thoughts on the Market

    Play Episode Listen Later Aug 12, 2026 4:27


    The potential path to a durable U.S.–Iran agreement has twists and obstacles ahead. Our Head of U.S. Public Policy Research Ariana Salvatore discusses current negotiations and the impact of recent developments for investors.Disclaimer: Important note regarding economic sanctions. This report references jurisdictions which may be the subject of economic sanctions. Readers are solely responsible for ensuring that their investment activities are carried out in compliance with applicable laws.Read more insights from Morgan Stanley.----- Transcript -----Ariana Salvatore: Welcome to Thoughts on the Market. I'm Ariana Salvatore, Head of US Public Policy Research at Morgan Stanley. Today, the latest on U.S.-Iran tensions, talks, and the path to a deal. It's Wednesday Aug 12th, at 2 p.m. in New York.The diplomatic picture in the Middle East has shifted yet again. Last week, there was growing optimism that the U.S., Iran and Oman could reach an arrangement to improve commercial passage through the Strait of Hormuz. But the two sides have since hardened their positions.  This week, we've seen some bouts of escalation, and headlines have been mixed over the past few days.At the same time, the energy security picture remains complicated. The U.S. administration says the seven-day average of oil leaving Hormuz has risen to almost 9 million barrels per day. But traffic remains well below normal conditions, and the risks we think are no longer limited to the Strait. We're beginning to see potential for disruption across multiple regional chokepoints and alternate shipping routes. That brings us back to the framework negotiated nearly two months ago. The U.S. and Iran signed a Memorandum of Understanding in mid-June. It was intended to create a 60-day window for negotiating a more durable agreement. That framework addressed commercial passage through Hormuz, the U.S. naval blockade, sanctions relief and frozen funds – as well as longer-term negotiations over Iran's nuclear program. But the implementation has proven much harder than agreeing on the framework itself.So where are negotiations getting stuck? First, there's the Strait itself. Iran has tied a full reopening of the Strait to a broader package that includes an end to the U.S. blockade, sanctions relief and compensation. Washington, in turn, is trying to preserve economic leverage and appears unwilling to provide those concessions upfront. Second, sanctions sequencing: The U.S. wants relief tied to clear signs of progress, while Iran is seeking confidence that any relief is durable and not easily reversed. And third, there's the nuclear question: enrichment levels, Iran's existing stockpile, and a longer-term verification framework. These are still to be negotiated. That's likely to take longer than the 60-day time period. So, what's the right framing here for investors? We think it's not necessarily a deal or no deal binary. It's more so a series of partial agreements, implementation tests, setbacks, and renewed negotiations. After the June deal was signed, we flagged several live paths to re-escalation: execution risk around sanctions and Strait control, a potential divergence between the U.S. and Israeli objectives, domestic political pressure in Washington, and the basic challenge of resolving core nuclear questions within such a short time frame. We think those risks are now becoming more visible, but we think both sides have strong incentives to avoid a return to a full conflict, like the type of engagement we saw back in March of this year.Moving forward, the signposts we laid out in June—maritime normalization, access for the International Atomic Energy Agency, sanctions implementation, military restraint, and rhetoric—all remain the right trackers to watch. But expect the bargaining process itself to be noisy, unstable, and non-linear. Rather than a clean transition from conflict to ceasefire to final deal, the more likely path will have fits and starts. So what should investors do with that information? On oil, our commodity strategists remain constructive on prices, given the ongoing supply uncertainty and the emergence of new chokepoints across the region. Altogether, they see those constraints keeping the market relatively tight compared to the levels we briefly saw in June when the MOU was signed. If there's another sharp rise in oil prices, our U.S. equity strategists think that could be a key risk to the near term outlook. Our U.S. economists agree, but also think the Fed would need a bigger shock than markets previously expected to resume hiking. As a result, we expect the Fed to stay on hold this year. 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.

    My Therapist Ghosted Me
    MTGM EXTRA! “It's not ALL men… BUT…”

    My Therapist Ghosted Me

    Play Episode Listen Later Aug 12, 2026 24:18


    To the couple of straight, male listeners… we get it. It's not ALL men. Age gap relationships are a touchy topic and you might feel differently depending on the circumstances… a 50 year old fella and his 19 year old girlfriend? Hmmm… What about a 30+ year gap in a lesbian relationship… All viewpoints valid…My Therapist Ghosted Me is a Global Production.Tickets for Joanne's tour Pinotphile are now LIVE: www.joannemcnally.comIf you'd like to get in touch, you can send an email to hello@MTGMpod.comPlease review Global's Privacy Policy: https://global.com/legal/privacy-policy/For merch, tour dates and more visit: www.mytherapistghostedme.comThis episode contains explicit language and adult themes that may not be suitable for all listeners.

    live global tickets complease my therapist ghosted me
    The Bitcoin Matrix
    Aaron Siri: The One Product You Can't Sue in America

    The Bitcoin Matrix

    Play Episode Listen Later Aug 12, 2026 72:50


    "People say 'I believe in vaccines.' Nobody says that about seatbelts." Aaron Siri is the managing partner of Siri & Glimstad and, by most measures, the most consequential vaccine litigator in America. He's the attorney behind the famous nine-hour deposition of Dr. Stanley Plotkin — the man they call the godfather of vaccines — lead counsel for the Informed Consent Action Network (ICAN), a 2025 Senate witness, and a central legal figure in the RFK-era reshaping of federal vaccine policy. His new book is Vaccines, Amen: The Religion of Vaccines — in his words, "a cross-examination in book form." This one steps outside the show's usual lane, and I want to be upfront: this is not medical advice, I'm not a doctor, and everything Aaron argues here is his own case — where it's contested by public-health bodies, treat it as one side of an open debate. What ties it to this show is the question we always ask: how do you know what's real when you're not allowed to check? From there we go deep — how a custody case led to the legendary Plotkin deposition; the Hepatitis B shot Aaron says was licensed on a trial of 147 kids, five days of monitoring, and no control group; the 1986 law he calls "the original sin" that handed vaccine makers liability immunity; the Ford Pinto and what punitive damages actually do; informed consent versus the right to refuse; whether vaccines really stop transmission; and the measles-mortality data he argues almost no one talks about. A conversation about evidence, incentives, and who gets to audit the people in charge. Subscribe so you never miss an episode.

    New Books in African American Studies
    Jarvis C. McInnis, "Afterlives of the Plantation: Plotting Agrarian Futures in the Global Black South" (Columbia UP, 2025)

    New Books in African American Studies

    Play Episode Listen Later Aug 12, 2026 66:22


    Built on the grounds of a former cotton plantation, the Tuskegee Institute, founded by Booker T. Washington, offered agricultural and industrial education as a strategy for Black self-determination. There―and in many other communities in the U.S. South, the Caribbean, and Central America―Black people repurposed and regenerated what had been a place of enslavement into a site for imagining alternative futures. Jarvis C. McInnis charts a new account of Black modernity by centering Tuskegee'svision of agrarian worldmaking. He traces the diasporic ties and networks of exchange that linked Black communities in the late nineteenth and early twentieth centuries. Although Washington is often regarded as an accommodationist, McInnis shows how artists, intellectuals, and political leaders―including George Washington Carver, Jean Price-Mars, Zora Neale Hurston, Claude McKay, and Marcus Garvey―adapted Tuskegee's methods into dynamic strategies for liberation in places like Cuba, Puerto Rico, Haiti, and Jamaica. Even as the legacy of the plantation continued to circumscribe Black life, these thinkers found resources in its ruins to forge new theories and practices of progress, aesthetic innovation, and freedom that contributed to the New Negro Movement of the 1920s and 1930s. In contrast to traditional understandings of Black modernity as urban and premised on northward migration, McInnis foregrounds rural settings and practices of place making, rootedness, and liberatory agriculture. Shedding new light on the transnational influence of a historically Black institution in the U.S. South, Afterlives of the Plantation remaps Black cultural, intellectual, and political histories down to the very soil. Afterlives of the Plantation: Plotting Agrarian Futures in the Global Black South (Columbia University Press, 2025) is an award-winning monograph earning recognition as a winner of the 2026 S-USIH Annual Book Prize by the Society for U.S. Intellectual History, 2026 Pauli Murray Book Prize in Black Intellectual History by the African American Intellectual History Society, and the 2026 ASALH Book Prize by the Association for the Study of African American Life and History Kishauna Soljour is an Assistant Professor of Public Humanities at San Diego State University. Her most recent writing appears in the edited collection: From Rights to Lives: The Evolution of the Black Freedom Struggle. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/african-american-studies

    The Watson Weekly - Your Essential eCommerce Digest
    De Minimis Went To Zero And Your P&L Hasn't Caught Up

    The Watson Weekly - Your Essential eCommerce Digest

    Play Episode Listen Later Aug 12, 2026 27:18


    Going global stopped being a phase-two project. The brands winning now are global on day one. Going global profitably is the harder business, and the levers that decide it are the ones nobody puts on a slide.Matthew Merrilees has spent two decades on the operational side of cross-border, starting at DHL and now running North America for Global-e. He and Rick walk the international P&L line by line. Payment acquiring, which is bigger than most operators assume. Duty and tax. Classification. Drawback.The math changed underneath everyone. US de minimis went from $800 to zero, so every inbound parcel is dutiable and every SKU needs an HS code. The EU now applies a three-euro charge per unique HS code below the 150 euro threshold, which quietly wrecks any sitewide promotion running a mixed catalog. Seventy-five regulatory changes in the US alone, by Matthew's count.Also covered: why most brands refund duties and taxes to returning international shoppers and never reclaim them, why the Section 321 play through Mexico is finished, what a real multi-carrier setup looks like in practice, and the thinking behind Global-e buying Passport.This episode is sponsored by Avalara. Learn more at avalara.watsonweekly.comRick asked for the one number an operator should check Monday morning. Matthew wouldn't give him one.#watsonweekly #crossborder #global #international

    Remarkable Marketing
    Why the Magic Is in the Details: Disneyland's Playbook for B2B Marketers | Kris Lande (OutSystems)

    Remarkable Marketing

    Play Episode Listen Later Aug 12, 2026 49:44


    A two-hour wait in the summer heat. Overpriced churros. A parking lot that takes 45 minutes to escape. And yet - you remember every single ride, every firework, every detail. That's not an accident. That's Disneyland. Disney doesn't create magic through one big moment. They create it through thousands of tiny, intentional details working together. And in this episode, we dig into what that means for B2B marketers with our special guest Kris Lande, CMO at OutSystems. Together, we explore how to design end-to-end customer experiences that people actually remember, why the last impression is the lasting impression, and how to build community into your content strategy in a way no AI-generated campaign can replicate. About our guest, Kris Lande Kris Lande is Chief Marketing Officer of OutSystems, where she leads global marketing strategy and brand growth. With more than two decades of experience driving marketing for high-growth SaaS companies, Kris brings deep expertise in product marketing, category creation, and community-led growth. Before joining OutSystems, Kris spent over 13 years at Salesforce, where she led teams across product marketing, developer relations, and Trailhead. Earlier in her career, she led marketing at Escapia, a SaaS startup later acquired by Expedia. Kris holds a degree in Business Administration and International Business from Washington State University. About OutSystems OutSystems is the Agentic Systems Platform for companies who need to build governed AI apps and agents, fast. Global brands like Heineken and Bosch trust OutSystems every day to build everything from mission-critical life-saving apps to  AI agents that can automate their oldest, clunkiest legacy processes. Essentially, OutSystems gives our customers comprehensive AI tools under one secure roof, turning IT into a fast-moving innovation engine. What B2B Marketers Can Learn From Disneyland: The last impression is the lasting impression. Disney doesn't just nail the opening - they engineer the ending. Kris applies this directly to her event strategy: at OutSystems ONE, their annual conference in Amsterdam, the closing session ended with a full spirit tunnel - staff lining the exit with music, dancing, and high fives. "I want them to walk away feeling gratitude and feeling celebrated and feeling energized as they walked out that door." In B2B, most experiences just... end. The brands that create magic are the ones that design the goodbye. Identify friction points - then design around them, not away from them. Disney doesn't eliminate the wait. They make the queue part of the experience. Kris takes the same approach to events: knowing that European attendees tend to arrive late, her team put a mobile DJ, a saxophone player, and stroopwafels outside the doors before the morning keynote. "We made it a party outside because we knew that was going to be a friction point." The lesson: don't pretend friction doesn't exist. Find it, name it, and design something remarkable around it. Everyone's in marketing - culture is how you deliver on the brand promise. Disney's magic doesn't live in one department. It lives in every cast member, every queue, every trash can placement. Kris ties this to a principle she carries into every team: "Brand is a promise to the customer, and culture is how you actually deliver on that promise." That culture comes through in the SDR call, the webinar, the email copy - everywhere. "I believe everyone's in marketing. As employees, we are representatives of the culture." Quote"When you care and you're passionate about the details, your customers are gonna feel that. They can feel when you care about something. They can feel when you brought fun into something. And if you care, they will care." - Kris Lande Time Stamps [1:35] Meet Kris Lande, CMO at OutSystems [2:08] Why Disneyland? A Non-Disney Adult Makes the Case [4:06] What Is Disneyland? A Brief History of Intentional Experience Design [9:21] The Details That Make the Magic - And What Marketers Can Learn [13:42] Evolving Without Losing What Makes You, You [18:40] The Last Impression Is the Lasting Impression [22:11] Designing Around Friction Points [24:07] Building for the 10th Version, Not Just the First [28:31] Disney's Weenies - And Why Marketers Need Them Too [40:14] Community as Content Strategy [42:38] Authenticity in the Age of AI [45:48] Top Tips for Better Events [48:10] Final Thoughts and Takeaways LinksConnect with Kris on LinkedInLearn more about OutSystems About Remarkable! Remarkable! is created by the team at Caspian Studios, the premier B2B Podcast-as-a-Service company. Caspian creates both nonfiction and fiction series for B2B companies. If you want a fiction series check out our new offering - The Business Thriller - Hollywood style storytelling for B2B. Learn more at CaspianStudios.com. In today's episode, you heard from Ian Faison (CEO of Caspian Studios) and Meredith Gooderham (Head of Production). Remarkable was produced this week by Jess Avellino, mixed by Scott Goodrich, and our theme song is "Solomon" by FALAK. Create something remarkable. Rise above the noise. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

    Monocle 24: The Globalist
    Who controls Greenland's future and what does it actually want?

    Monocle 24: The Globalist

    Play Episode Listen Later Aug 12, 2026 58:57


    Greenland issues a warning after drilling equipment linked to the US was brought ashore without approval. We explore the future of the territory. Plus: on board Bombardier’s Global 8000, the world’s fastest civil aircraft.See omnystudio.com/listener for privacy information.

    Black Women’s Health
    The Increasing And Global Incidence of Fibroids - Why Don't They Tell You

    Black Women’s Health

    Play Episode Listen Later Aug 12, 2026 14:08


    An interview with Dr. Cheruba Prakabar - an OBGYN , gynecologic surgeon focusing on holistic, medical and surgical management of uterine fibroids. https://www.thefibroidDoc.com#fibroiduterus #womenshealth #hysterectomy #femalereproductivehealth #uterinefibroid

    thisiswhoiam's podcast
    Episode 83: Lamekia Davis with Lamekia Davis Global Enterprises

    thisiswhoiam's podcast

    Play Episode Listen Later Aug 12, 2026 41:51


         Lamekia Davis of Chicago, IL, is a nonprofit executive, financial literacy advocate, elected official, speaker, and entrepreneur.  She is also dedicated to empowering communities through education, mentorship, and economic opportunities.  Lamekia serves as the Founder and CEO of the Heyy Girl Foundation and Lamekia Davis Global Enterprise.  She is the visionary behind several initiatives focused on youth development, financial literacy, leadership, and wealth building.        Through the Heyy Girl Foundation and LDG Enterprise, Lamekia provides mentorship, youth empowerment programming, financial literacy education, leadership development, workforce readiness training, and community outreach initiatives. One of her signature initiatives is Wealth Warriors, a financial literacy platform and curriculum designed to teach children and teens about saving, budgeting, entrepreneurship, investing, and building generational wealth in an engaging and culturally relevant way.  Lamekia also leads Lamekia Davis Global, which focuses on leadership development, financial literacy education, speaking, consulting, and wealth strategy initiatives.        In addition to the products and services mentioned, she also offers Financial literacy workshops and assemblies for schools, youth mentorship programs, parent and family engagement programs, leadership and empowerment conferences, coaching and consulting, community partnership initiatives, and speaking engagements and training sessions.  "Our mission is to equip individuals with the tools, confidence, and knowledge necessary to thrive personally, professionally, and financially," she says.        With more than 20 years of experience spanning banking, nonprofit leadership, community engagement, and business development, Lamekia has built a reputation as a transformational leader and "solutionist".  In her capacity, she has successfully developed pipelines to prosperity for underserved communities. She currently serves as a Board Member for Rich Township High School District 227.  Additionally, she has served as Chair of the Park Forest Youth Commission.      Lamekia is a proud mother whose passion for legacy, faith, and service deeply influences her work and mission.  She earned her Bachelor of Arts in Business Administration with a minor in Accounting from Robert Morris College. She is currently pursuing her Master's Degree in Leadership.  Throughout her journey, she has been recognized with numerous honors, including the Presidential Lifetime Achievement Award, the Peggy A. Montes Cook County Unsung Heroine Award, and recognition as a Woman of Excellence honoree.           Lamekia shares that her journey in business began from a personal experience.  "As a teen, I experienced homelessness, instability, and adversity firsthand. Those experiences shaped my heart for service and gave me a deep understanding of what many young people and families silently endure.  I knew early on that if I ever made it through those difficult seasons, I wanted to help others do the same. The vision for the Heyy Girl Foundation was born out of a desire to create safe spaces, mentorship opportunities, and pathways to success for young girls and underserved communities."        She adds that her background in banking and finance further revealed how many families lack access to financial education and wealth-building tools. That realization inspired Lamekia to merge mentorship with financial literacy, which ultimately led to the development of Wealth Warriors and other empowerment initiatives.  "Everything I build is rooted in legacy, impact, and creating opportunities that I wish existed for me growing up," she says.     Lamekia says what she loves most about what she does is watching people transform. "There is nothing more rewarding than seeing a young person discover their confidence, a woman realize her potential, or a family begin to break generational cycles.  I love being able to inspire people while also giving them practical tools to change their lives. Motivation without strategy only goes so far, so I take pride in creating programs that not only encourage people emotionally but also equip them financially, mentally, and professionally.  I also love creating. Whether it is building programs, developing curriculum, mentoring youth, speaking, or launching new initiatives, I enjoy bringing vision to life in ways that create lasting impact."      Accomplishing what Lamekia has in her career hasn't come without some challenges.  Yet, she has pressed her way through and kept her sights on completing her mission.  She says that one of the biggest challenges in nonprofit and community-based work is sustainability.  "Often, the need is far greater than the resources available.  Balancing vision, funding, staffing, programming, and growth can be challenging," she says.  Another challenge has been navigating spaces where innovation and bold ideas are not always immediately embraced.  "Building something meaningful requires resilience, patience, and the ability to continue moving forward even when people do not initially see the vision," Lamekia shared.      She has managed these challenges through faith, strategic partnerships, consistency, and a willingness to continuously learn and evolve.  "I believe strongly in collaboration and community. No major vision is built alone.  Most importantly, I have learned that setbacks are often preparation for greater opportunities," she says.        Life experiences, Lamekia says, have impacted her tremendously. She also says that her son and daughter have been one of her greatest motivations.  "My children remind me daily why legacy matters and why it is important to build something bigger than yourself."  Lamekia has also been impacted by mentors, community leaders, educators, and women who led with strength and grace despite adversity.  "Their examples showed me what leadership, perseverance, and service truly look like," she says.         Lamekia shares that she draws inspiration from people who create impact beyond themselves.  This includes individuals who use their gifts, influence, and platforms to change lives and open doors for others.  "I am inspired by visionary leaders, entrepreneurs, educators, faith leaders, and community builders who continue showing up despite obstacles. I especially admire people who are committed to building generational wealth, strengthening communities, and leaving meaningful legacies," she says.        While she has encountered some hurdles along her journey, Lamekia says there isn't much she would change about the way things have happened, because every challenge taught her something valuable. "Some seasons stretched me, humbled me, and forced me to grow in ways success alone never could.  If anything, I would have learned earlier to trust my vision more, move with greater confidence, and not underestimate the value of my voice, expertise, and ideas.  I would have prioritized rest and balance sooner. As entrepreneurs and leaders, we sometimes spend so much time pouring into others that we forget to care for ourselves."      Looking ahead, Lamekia plans to continue to grow the Heyy Girl Foundation and Wealth Warriors into nationally recognized platforms focused on financial literacy, mentorship, and youth empowerment.  She is also working on larger community development initiatives that will provide educational programming, leadership development, and supportive resources for families and youth.  "Moving forward, I plan to continue expanding my speaking, consulting, and educational platforms while pursuing opportunities in public leadership and policy advocacy.  Ultimately, my goal is to build institutions, programs, and opportunities that create lasting change for generations to come," she says.   To learn more about Lamekia Davis, please visit her website at  www.lamekiadavisglobal.com   To learn more about Huami Magazine, please visit our website at www.huamimagazine.com   To purchase some delicious brittle from Papa's Brittle, please visit their website at www.papasbrittle.com    

    Thoughts on the Market
    ‘Show Me the Money,' Market Tells Companies

    Thoughts on the Market

    Play Episode Listen Later Aug 11, 2026 5:09


    Our CIO and Chief U.S. Equity Strategist Mike Wilson discusses a new market cycle, in which investors are demanding more than just growth from companies.Read more insights from Morgan Stanley.----- Transcript -----Mike Wilson: 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 look at an important shift in what the market wants to see from companies going forward. It's Tuesday, August 11th at 11:30 am in New York. So, let's get after it.This week I am going back to our broadening thesis – but with a slightly different twist. Earlier in the year, broadening was about beta. It was about the market moving beyond a narrow set of mega-cap winners and rewarding economically sensitive areas as the rolling recovery took hold. In the last few episodes I've talked about how that phase is now over. And we're moving from an early-cycle broadening into a mid-cycle quality rotation. In short, the market is no longer demanding just growth – but growth with durable earnings, strong margins, and free cash flow. To be clear, the broadening in earnings is still very much alive. Russell 3000 median stock earnings growth is running at 15 percent, the strongest since 2021; while median sales growth is at 8 percent, the best since 2023. At the same time, 87 percent of S&P 500 companies are beating earnings expectations this quarter, and earnings revisions breadth has rebounded to 23 percent, with 76 percent of industry groups showing positive revisions breadth. However, headline earnings are no longer enough for stock outperformance. The market is saying, ‘Show me the money'— and that's exactly what should happen in a mid-cycle transition. When companies raise both earnings and free cash flow estimates, they are rewarded. When they only raise earnings and not free cash flow, the market is much less forgiving. Investors are no longer paying indiscriminately for growth. They want cash conversion. This is also why I think AI adoption remains such an important theme. The market is increasingly rewarding companies that can demonstrate real efficiency gains from AI, not just talk about the open-ended opportunity in abstract terms. That is a very different phase for the AI cycle. The first phase was about building the infrastructure. The next phase is about who uses it well. Companies that can translate AI adoption into better margins, better productivity, and better free cash flow should continue to be rewarded. In other words, AI is becoming less about the promise and more about the evidence.That framework tells us where to be positioned. I continue to favor quality and AI adopters. Within Financials, I prefer large-cap Financial Services, particularly Insurance and Capital Markets exposed businesses, where earnings revisions are inflecting and our regime analysis remains supportive. Within cyclicals, I like Discretionary Goods, where the wallet-share shift from services to goods, improved pricing, and better earnings revisions all point to catch-up potential. In Tech, I continue to prefer hyperscalers over semis. Semis can still participate tactically, especially after recent momentum unwinds, but the hyperscalers offer a better multi-month risk-reward. They have resilient core businesses, attractive relative valuation, and underappreciated optionality around AI-related ROI and adoption. Just as important, they are not only enablers of AI, but they are early adopters. They have the flexibility to spend less if the market becomes more demanding about capex discipline. In terms of remaining market risks for this year, I'm still watching interest rates and oil very closely. A gradual rise in nominal yields alongside strong economic and earnings data is not necessarily bearish. In fact, historically, that has been one of the better environments for equities because it brings back my ‘run it hot' theme. Stronger nominal growth supports revenues and earnings. The problem is not the level of rates. It is the pace of change. If back-end yields rise too quickly, the cost of capital becomes a headwind for stock valuations.Bottom line, the broadening is still happening, but the market is raising the bar. Early-cycle beta is giving way to mid-cycle quality. Earnings are broadening, but free cash flow is also necessary to be fully rewarded. AI is still an important market driver, but the market wants measurable benefits and the leadership is becoming more selective within sectors rather than across them. This shift may make the market feel less euphoric in the short term, but also healthier and more sustainable in my view. This is not a market that is simply chasing momentum any more. It is starting to separate the companies that can simply talk about growth from the companies that can convert it into durable free cash flow and longer-term value.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!

    HBR IdeaCast
    The Innovation Strategy Most Companies Miss

    HBR IdeaCast

    Play Episode Listen Later Aug 11, 2026 31:13


    Companies often build products for wealthy markets first and then try to adapt them for the rest of the world. But according to Dartmouth Tuck professor Vijay Govindarajan and MIT professor Amos Winter, designing for the toughest constraints first—whether that's affordability, portability, or limited infrastructure—can lead to products that perform better everywhere. They explain how leaders can identify high-impact opportunities, uncover customer needs through deep field research, and design solutions that balance performance with cost. They also discuss why organizational mindset—not technology—is often the biggest obstacle to global innovation, and where AI can (and can't) accelerate the design process. Together they wrote the book Global by Design: How to Create Innovations That Scale, Travel, and Transform.

    The Bitcoin Standard Podcast
    338. How Gold Could Have Gone Global - The Gold Standard Audiobook, Chapter 9

    The Bitcoin Standard Podcast

    Play Episode Listen Later Aug 11, 2026 45:32


    Saifedean reads Chapter 9 of his latest book, The Gold Standard, in which the world gets a decentralized and censorship-resistant international gold clearance system that changes the course of history! You can buy the full audiobook on Audible or saifedean.com, and get your physical copies from Amazon or saifedean.com

    Spencer & Vogue
    Our Mum sends us a SAVAGE voicenote - IT'S A LIE!

    Spencer & Vogue

    Play Episode Listen Later Aug 11, 2026 44:14


    On this week's Vogue & Amber: Vogue's named number 3 in an Irish poll of well-known people you'd most like to go on a road trip with, ahead of Graham Norton and we're shocked. Sandra sends three voice notes this week and is telling porkies, and Amber's really leaning into her sports era.Plus, Jedward's on Heart, Zendaya and Tom Holland getting married at the exact hotel Vogue tried to book, Bryan Johnson admitting he might have taken things a tad too far, a fight with Spencer over an air hockey table, and an agony aunt about a woman in a passionless relationship with the kindest man alive, does she stay or does she go?Vogue & Amber is a Global production, available every Tuesday and Thursday on Global Player, YouTube or wherever you get your shows. Make sure you subscribe so you never miss an episode.Watch us on YouTube! CLICK HERE! or search Vogue & AmberRemember, if you want to get involved you can:Email us at vogueandamberpod@global.com OR find us on socials @voguewilliams, @ambrerosolero @vogueandamberpod

    The Peter Zeihan Podcast Series
    Global Energy Stressors: Kazakh Oil Exports || Peter Zeihan

    The Peter Zeihan Podcast Series

    Play Episode Listen Later Aug 11, 2026 5:39


    Global energy markets are all over the place. So, we're doing a short series on the major energy stressors across the globe and how this all is going to play out. Up first, let's look at the Ukraine War's impact on oil exports from Kazakhstan. Join the Patreon here: https://www.patreon.com/PeterZeihan Full Newsletter: https://bit.ly/4pZs9bb

    Walk With Me Podcast
    1st Annual Global Youth Conference 2026 hosted by Dr. Gigi Sabbat

    Walk With Me Podcast

    Play Episode Listen Later Aug 11, 2026 72:09


    In this episode of the Walk With Me Podcast, we highlight the 1st Annual Global Youth Conference 2026, held on July 15, 2026, in recognition of World Youth Skills Day. World Youth Skills Day celebrates the importance of equipping young people with the knowledge, skills, and opportunities needed to succeed in employment, leadership, entrepreneurship, and life. The conference brought together leaders, educators, professionals, and advocates who are passionate about empowering the next generation. Throughout this inspiring event, speakers explored a wide range of timely and impactful topics, including: * Domestic Violence Awareness * Artificial Intelligence (AI) * Writing and Publishing * Youth Safety and Security * Technology and Cybersecurity * Career Exploration and Workforce Development * Leadership and Personal Growth * Intergenerational Connections and Supporting Older Adults * Building Stronger Communities Through Education and Service * Inclusion, Accessibility, and the Power of Diverse Voices One of our inspiring speakers was Nathaniel “Nate” Schaapveld, a hearing-impaired advocate and youth voice who reminds us of the importance of inclusion, accessibility, perseverance, and ensuring that every young person has the opportunity to be heard, seen, and empowered. Whether you are a student, parent, educator, mentor, or community leader, this episode offers valuable insights, practical knowledge, and encouragement to help empower today's youth to become tomorrow's leaders. Thank you to all of our speakers, attendees, volunteers, and community partners who helped make the inaugural Global Youth Conference a meaningful and impactful success. Remember: Today's youth are tomorrow's leaders. By investing in their growth today, we create a stronger future for generations to come.

    Pop Shop Podcast
    With Sophia Stepping Back From KATSEYE, Will the Global Girl Group Remain a Quartet?

    Pop Shop Podcast

    Play Episode Listen Later Aug 11, 2026 43:47


    On Friday, it was announced that Sophia would be taking a step back from KATSEYE to prioritize her “mental health and wellness,” following a similar announcement from her groupmate Manon back in February. Now the six-person global girl group is down to a quartet — and it's unclear when either member might return to the fold, especially after a six-month absence for Manon. The news comes at a particularly busy time for KATSEYE, with their Wild album arriving on Friday and their Wildworld Tour — the group's first global trek — kicking off in October. On the new Billboard Pop Shop Podcast, Katie & Keith are discussing the announcement and what it means for the group's future. Will both women return, or might they remain a quartet? Learn more about your ad choices. Visit megaphone.fm/adchoices

    The Bartholomewtown Podcast (RIpodcast.com)
    Episode 1,000! Checking In with Congressman Gabe Amo

    The Bartholomewtown Podcast (RIpodcast.com)

    Play Episode Listen Later Aug 11, 2026 14:03 Transcription Available


    Send us Fan MailNavigating Politics and Public Service in Turbulent Times with Congressman Gabe AmoDiscover how Congressman Gabe Amo navigates legislative challenges, advocates for Rhode Islanders, and discusses the impact of national policies on local communities. This episode offers insights into bipartisan efforts, the importance of organizing outside government, and the complexities of managing public priorities amidst chaos.Key topics:The legislative landscape during a highly polarized political climateStrategies used by Congress members to oppose harmful policiesBipartisan success stories, including healthcare tax credits and war powers resolutionsThe fight for affordable housing, energy, and food security in Rhode IslandThe influence of global events on local economic conditionsThe importance of grassroots organizing and electoral mobilizationThe role of cultural festivals in fostering community and economic growthPersonal reflections on service, public engagement, and the significance of reaching milestone episodesTimestamps:00:00 - Introduction and episode overview00:20 - Congressman's efforts to counteract executive actions and legislate during chaos00:47 - Bipartisan successes and legislative challenges01:15 - Advocating amid partisan gridlock and foreign policy issues01:43 - Responding to misinformation and leadership accountability02:12 - Organizing outside government for electoral change02:54 - Addressing Rhode Island's unique affordability challenges03:33 - Energy and food insecurity at the state level04:30 - Housing crises and legislative initiatives in Rhode Island05:24 - Global conflicts and their economic ripple effects06:02 - National political climate and public outrage06:34 - Reflections on governance, accountability, and healthcare impacts07:29 - The importance of full legislative majority for change08:26 - Personal dedication and upcoming elections' significance08:55 - Milestones, including the episode number and reflections on service09:23 - Celebrating Rhode Island's cultural festivals and community engagement09:47 - The role of arts and culture in local identity and economy10:15 - Closing thoughts and the importance of informed citizenship Support the showFollow Bill on Instagram and YouTube

    Excess Returns
    We Asked T. Rowe's $8 Billion Tech Manager Why We Are in 1998 — And Why Software Is in Trouble

    Excess Returns

    Play Episode Listen Later Aug 11, 2026 60:38


    T. Rowe Price technology portfolio manager Dom Rizzo joins Jack Forehand and Kai Wu to break down the AI investment cycle, hyperscaler capital spending, semiconductor demand, and why the recent tech selloff may look more like 1998 than the end of the boom. They discuss AI return on investment, OpenAI and Anthropic, open versus closed models, financing the data center buildout, the future of software, labor productivity, and how to construct a global technology portfolio.Topics coveredWhy Dom sees similarities between the 2026 semiconductor correction and the 1998 selloffWhy hyperscaler AI CapEx could accelerate from already historic levelsWhat cloud revenue growth and operating margins say about AI return on invested capitalWhy end-user productivity is the key test for sustainable AI demandOpen-weight models versus frontier labs and where AI economic value may accrueWhy chips, memory, logic semiconductors, TSMC and ASML sit at critical points in the AI value chainHow equity, debt and operating cash flow could finance the next stage of the data center buildoutWhy semiconductors remain cyclical even in a structurally capital-intensive AI boomWhy AI agents could turn traditional enterprise software into data pipesAI productivity, labor displacement and the case for faster GDP growthHow Dom thinks about technology portfolio construction, risk factors and global stock selectionTimestamps00:00 AI, the tech correction and the 1998 comparison04:07 Why the AI capital spending cycle may only be halfway12:33 The real test for AI demand: end-user ROI17:00 Why frontier models may capture most of the economic value21:23 Where the biggest AI moats and profit pools could emerge28:12 Financing the AI buildout with equity and debt36:03 Are semiconductors in a supercycle or still cyclical?41:43 What AI agents mean for traditional software companies46:03 AI productivity versus labor displacement51:01 Building a portfolio for a technology revolution56:06 Global tech opportunities and Dom's stock-picking frameworkLearn more about the Excess Returns podcast network:https://excessreturns.coNo information discussed in this podcast should be construed as investment advice. Securities discussed may be held by the hosts and guests, their firms or their clients.

    Second City Works presents
    Getting to Yes, And… | Amos Winter – “Innovation Gone Global”

    Second City Works presents "Getting to Yes, And" on WGN Plus

    Play Episode Listen Later Aug 11, 2026


    Kelly sits down with Amos Winter, the Germeshausen Professor of Mechanical Engineering and Director of the K. Lisa Yang Global Engineering and Research (GEAR) Center at the Massachusetts Institute of Technology. His new book is called “Global by Design: How to Create Innovations That Scale, Travel and Transform.” “Become a tempered dreamer.”  “Technology is not the […]

    Monocle 24: The Globalist
    Global shipping routes face a new era of uncertainty

    Monocle 24: The Globalist

    Play Episode Listen Later Aug 11, 2026 58:47


    We look at low water levels on the Rhine, South Korea’s Arctic ambitions and what these shifts mean for global trade on the Strait of Hormuz. See omnystudio.com/listener for privacy information.

    Global Missions Podcast
    260: Good News From the Field: Paraguay

    Global Missions Podcast

    Play Episode Listen Later Aug 11, 2026 11:43


    Join Shirley Anne Caballero of SIM as she shares encouraging stories of God's faithfulness and the ways He is growing His Church across Paraguay.

    The Julia La Roche Show
    #400 Michael Howell: The Liquidity Cycle Has Turned, Low Quality Returns for Stocks, The Real Driver Behind Gold

    The Julia La Roche Show

    Play Episode Listen Later Aug 11, 2026 42:52


    Michael Howell, CEO of CrossBorder Capital, an investment advisory firm, and author of Capital Wars, returns to explain why the global liquidity cycle peaked in late Q3/early Q4 of last year — and what that means for the rest of 2026. His core argument: money is fungible but finite, and a booming real economy is now pulling liquidity out of financial assets, which compresses P/E multiples even as earnings look fine. That puts us in what he calls the speculation phase: rising bond yields, strong commodities, pressured crypto, and low-quality equity returns where index gains mask widespread underperformance. He also pushes back hard on the popular "debasement trade" explanation for gold, arguing the real driver is the People's Bank of China injecting liquidity to devalue the yuan internally while holding it steady externally — with Chinese retail locked out of crypto and the Shanghai Gold Exchange now setting the marginal price. On the bond side, he lays out how the Treasury is quietly monetizing through front-end issuance and buybacks — private-sector QE under Treasury direction — a strategy that works until it doesn't, with Japan's move from 50bps to nearly 3% as the cautionary tale. His bottom line: range-bound Wall Street, no bonds, gold and silver on weakness, and watch commodities for the first sign the boom is ending.Thank you to our partners Augusta Precious Metals — To learn more, visit https://juliabuysgold.com/ or text “Julia" to 35052Monetary Metals - learn more at https://www.monetary-metals.com/julia/Links:  Website: http://www.crossbordercapital.com/ Twitter/X https://x.com/crossbordercapSubstack: https://capitalwars.substack.com/ Book: https://www.amazon.com/Capital-Wars-Rise-Global-Liquidity/dp/30303929020:00 The call: range-bound market, own gold0:20 Welcome back, Michael Howell1:19 Two pools of money: markets vs. the real economy2:30 The liquidity cycle has peaked3:20 What this phase looks like4:48 Why a booming economy is bad for stocks5:22 The P/E multiple is where liquidity shows up6:34 Late cycle, explained7:38 Augusta Precious Metals9:29 Global liquidity vs. the world business cycle10:45 Atlanta Fed nowcast near 6%11:54 The K-shaped economy is global12:45 Monetary inflation vs. Main Street inflation14:45 Speculation now, turbulence next15:15 The cycle map17:55 Monetary Metals19:49 Gold: it isn't the debasement trade20:30 It's China: PBOC liquidity22:15 Why gold and not crypto23:14 Inside the PBOC balance sheet25:00 Yuan gold and the 27,000 line26:15 Bond yields track nominal GDP27:40 NGDP at 7-8% vs. a 4.7% ten-year28:18 Treasury QE: funding at the front end30:20 Who's actually buying the debt?30:51 The beach ball under water32:35 The two-year note leads the Fed34:30 The 2022 analogue36:00 Why MOVE matters more than VIX37:08 Treasury buybacks and the volatility cap38:30 Margin debt and the 2026 range call39:31 Parting thoughts: commodities as the warning40:30 Gold, silver, and the ratio to watch

    LatinX Business
    50. Global SEO Expert Insights with Christina Spaulding

    LatinX Business

    Play Episode Listen Later Aug 11, 2026 57:08


    Unlock the secrets to expanding your business internationally without the overwhelm or wasted effort. Christina Spaulding, a multilingual marketing expert, reveals how small businesses can leverage language, culture, and smart SEO strategies to tap into global markets with confidence. If you're ready to grow beyond borders but unsure where to start, this episode is your must-listen guide. Christina shares her inspiring journey from early language learning in childhood to building a multilingual marketing powerhouse. She explains why understanding local culture and your ideal client profile is the foundation of successful international SEO. Discover how targeted digital efforts, like creating a simple Spanish landing page or optimizing local business listings, can generate real growth without breaking the bank. #ExpandYourReach #SEO #MultilingualMarketing #GlobalGrowth #BusinessExpansionChristina's Info:Email: christinas@manzanitamktg.comWebsite: https://manzanitamktg.com/LinkedIn: manzanita-marketingFacebook & Instagram: manzanitamktgRandy's Social MediaInstagram: @randygmz.mbaFacebook: Randy Gomez Mba EALinkedIn: Randy Gòmez, MBA, EA

    Radio Prague - English
    Charles University seeks global science leader for new Prague Biocenter, Brno scientists chase total solar eclipse to Iceland and Spain, Keeping Czech alive abroad: How Krajánek ve světe helps children stay close to their roots

    Radio Prague - English

    Play Episode Listen Later Aug 11, 2026 25:37


    Charles University seeks global science leader for new Prague Biocenter, Brno scientists chase total solar eclipse to Iceland and Spain, Keeping Czech alive abroad: How Krajánek ve světe helps children stay close to their roots, A hidden feminist gem in Prague: Jiřina Šiklová Library offers over 9,000 books on feminism, gender and queerness

    The Wright Report
    10 AUG 2026: WNBA Blows up in Fights Over Race, Sex, Leftism // Trump vs. Communist Muslims: AOC and El-Sayed Declare Jihad // Quiet Census News That Could Shock // Global: Iran, Drones, Mexico, UK, Cuba, Germany

    The Wright Report

    Play Episode Listen Later Aug 10, 2026 41:48


    Donate (no account necessary) | Subscribe (account required) Join Bryan Dean Wright, former CIA Operations Officer, as he dives into today's top stories shaping America and the world. In this Monday Headline Brief of The Wright Report, Bryan breaks down a weekend WNBA brawl that's reignited the "what is a woman" debate, plus President Trump's viral social media post contrasting himself with Communist Michigan Senate candidate Abdul El-Sayed. Bryan covers AOC's rising 2028 presidential odds and her attempt to walk back the party's most radical rhetoric, a leaked Trump administration plan to exclude illegal aliens from the 2030 census, and new data showing a historic gender gap driving young women toward the Democratic Socialists. He also breaks down a mixed July jobs report and why native-born Americans are benefiting most from it. Plus, Bryan covers stalled negotiations with Iran over control of the Strait of Hormuz, Russia's scramble to shield its nuclear submarines from Ukrainian drones, a deadly screwworm outbreak spreading to humans in Mexico, a new CIA-backed push to topple Cuba's Communist regime, and a German energy giant abandoning US offshore wind projects for natural gas. "And you shall know the truth, and the truth shall make you free." - John 8:32   Keywords: Wright Report, Bryan Dean Wright, WNBA, transgender sports, Abdul El-Sayed, Michigan Senate, AOC, Democratic Socialists, 2030 census, jobs report, Iran, Strait of Hormuz, Ukraine drones, screwworm, Cuba, Marco Rubio, offshore wind

    Thoughts on the Market
    How AI Could Simplify the Mortgage Market

    Thoughts on the Market

    Play Episode Listen Later Aug 10, 2026 8:15


    Our U.S. Consumer Finance Analyst Jay Bacow and our Co-Head of Securitized Product Research Jay Bacow explain why AI can transform the way Americans shop for, manage and refinance their mortgages.Read more insights from Morgan Stanley.----- Transcript -----Jeff Adelson: Welcome to Thoughts on the Market. I'm Jeff Adelson, Morgan Stanley's U.S. Consumer Finance Analyst.Jay Bacow: And I'm Jay Bacow, Co-Head of Securitized Products Research, also working at Morgan Stanley.Jeff Adelson: Today, how AI could change the way Americans shop for, manage, and refinance their mortgages.It's Monday, August 10th at 10am in New York. The U.S. mortgage market is worth more than $14 trillion, and its performance ultimately depends on the choices millions of homeowners make. Today, refinancing still means shopping around, comparing offers, and working through a lot of paperwork. AI could make that process much easier, especially when rates begin to fall.Jay, you led this work on our AI mortgage blue paper. What's the main way AI could change the mortgage market, and why does the borrower matter so much?Jay Bacow: So we think the biggest change would be borrower adoption of using AI agents to manage their personal finance. An agent on your phone could just monitor mortgage rates, compare lenders, reduce the paperwork, and make homeowners more likely to refinance when the economics work.Let's think about what that could be. Historically, only about 30 percent of borrowers that had the ability to lower their mortgage rate by a 100 basis points did so in a given year. When a borrower went to get a mortgage quote, less than half of them asked more than one lender for a quote.That agent could go reach out to 30 lenders, ask for a variety of different mortgages, could upload all the documents, could do this all effectively instantaneously, present the homeowner with the best option. Allow the homeowner to effectively click a button and refinance. I think this could be pretty transformative for the mortgage market.Jeff Adelson: Now, as we think about this transformation, Jay, mortgage investors still rely heavily on past refinancing behavior trends. If AI makes borrowers more likely to refi[nance] when rates fall, how could that change the way these investors value mortgage-backed securities?Jay Bacow: Well, we all know that past performance is not indicative of future performance, and those models are likely to understate future prepayments. If you get a faster response, it's going to make mortgages more negatively convex.That's going to make the durations shorten. It's likely to widen mortgage spreads by about 10 basis points in our base case. And now, if that base case were to happen and we get, let's call it 100 basis point rally in the future, we think that that could cause something like a 40 percent pickup in refinance volumes versus our current expectations of what refinance volumes would look like in that 100 basis point rally.Jeff, you cover a lot of the largest mortgage lenders. What does this mean for their business model?Jeff Adelson: So, it's pretty straightforward. More borrowers refinancing means more loans for the industry to originate. Today, we're still sitting below what I would describe as normalized levels of originations. We're sitting at about $2 trillion of mortgage originations per year. As we think about normalized, we think that's somewhere in the order [of] around $2.5 trillion. So just that $600 billion alone could get us straight there. We tend to think about this more in our bull case, where we could see something in the order of $3 trillion of originations or more, still below what we saw during the peak COVID years of about $4 trillion or more. But still pretty meaningful and material for the industry.Now, for the scaled lenders, that can create meaningful operating leverage. Mortgage companies have historically had to hire aggressively when volumes rise, and then they've had to reduce headcount when the cycle turns. AI could allow them to process more loans with the same employee base, making their cost structures more flexible and reducing the need to rebuild capacity during every single refi[nance] wave.But the earnings benefit we don't think will necessarily match the dollar benefit from volumes. If AI makes it easier for borrowers to compare offers and allows every lender to process more loans, then competition could intensify and pressure gain on sale margins. So the opportunity is a larger market and better productivity.The key question for individual lenders is: how much of that volume can they capture without giving too much back through pricing? Now, as we think about automation, Jay, it could bring in more loans, but could also intensify competition and reduce the profit lenders can earn when they originate and sell a mortgage. So, how should investors in your space weigh those two effects? Jay Bacow: So, the mortgage investors are short the option to the mortgage homeowner of when they can refinance.And if the mortgage homeowner is going to be more efficient about refinancing, the mortgage investor is going to need to get paid more for that. They're going to demand wider spreads, and they're particularly going to demand wider spreads where that option that they're shorting is worth more. That's generally how it's going to play out, but there's also other aspects as well.That duration shortening, because the borrower's more likely to refinance, means that the investors that own that duration will need to buy some more duration against that. You're also going to see more demand for duration as rates rally. So it's going to be a bid for the low strike receivers, as our options experts will pay close attention to.And then if we get a further rally, you also get a more of an impact across the consumer writ large. You can imagine a world where mortgage rates are substantially lower than they are right now. An agent could sit there and say, "Why don't you consolidate your debt between your credit card, your auto loan payments, maybe your student loan payments and your mortgage?" Allowing consumers to save more and then maybe spend that in the economy.Jeff Adelson: If we maybe take it a step beyond refinancing, how could AI affect home sales, homeownership, and access to home equity?Jay Bacow: So let's just go back to thinking about this agent that's on your phone that's looking at all the opportunities.Traditionally, right now, most people are only calling up one lender, they're getting one quote. If your agent is looking at lots of different lenders and lots of different options, you're probably going to get more ability to take out a mortgage. So you're going to get an expansion of the homeownership rate.That's going to create more demand for housing. As rates rally, you're going to get home sale activity picks up more than it used to, and people are also going to be more able to take advantage of the equity they have in their house. So, you're going to get more usage of second liens and HELOCs and cash-out refinance activity.Once again, we think this is mostly going to happen three to five years down the road, but we're not really sure exactly how this is going to play out. So Jeff, what would be some of the signs that people could look at to see if it's playing out in the three to five-year timeline that we're expecting – or slower, maybe even faster?Jeff Adelson: Sure. So yeah, I mean, I think it's going to be similar to what we've already observed as consumers ourselves and what we're seeing with all the LLMs and AI tools we're adopting today. You should see some rapid advances in the ease of use and the adoption of these technologies from a forward-facing, client-facing perspective. What we all see in the websites, what we all see in the apps.It should become easier for us to engage with the mortgage process, compare rates to actually step into the process. Whereas today, you still need to maybe speak with a bank officer, a loan officer, or a mortgage broker to get deeper into the process and actually better understand what your rate means today.So that would be the first step. The second step would be closing speeds. The average originator today still takes about 40 to 45 days to close a mortgage. The biggest and largest originators that have invested the most in technology and AI today are closing at about, call it, 12 to 20 days. So, half the industry level. So, that should come down over time and make it much easier to actually apply and finish a mortgage.And then quite frankly, the most obvious answer would just be at the given level of rates that are outstanding today, we should see a step up in the level of refi[nance] volumes. That would be the most obvious one. But that'll be the outcome of everything else we've talked about rather than the actual cause.Jay Bacow: That makes sense. So faster refinancing, it's likely to make the mortgage market more responsive when rates fall and effects that are going to reach well beyond the borrower. Jeff Adelson: That could mean higher volumes for lenders, quicker prepayments for investors, and wider swings across housing and rates markets.Jay Bacow: Jeff, thanks for taking the time to talk.Jeff Adelson: Great speaking with you, Jay.Jay Bacow: And thank you all for listening. If you enjoy Thoughts on the Market, please leave us a review wherever you listen and share the podcast with a friend or colleague today.

    Gospel Truth Radio
    Global Update France 2025

    Gospel Truth Radio

    Play Episode Listen Later Aug 10, 2026 4:07


    Watch the latest report from France and discover how God is moving in powerful ways! Hear about exciting growth with the launch of Year 2 at Charis Bible College Nice and the expansion of the Distance Education programs, helping to equip more students with the Word. Special events are creating greater impact across the nation, while growing partnerships are helping make even more giveaways and ministry opportunities possible. Be encouraged by testimonies of healing, transformed lives, and the powerful results of God's Word at work throughout France!

    Gospel Truth Radio
    Global Updates Poland 2025

    Gospel Truth Radio

    Play Episode Listen Later Aug 10, 2026 3:34


    The Gospel is continuing to reach more lives across Poland. Translators have been hard at work bringing new teachings into many different formats, helping more people receive the Word in their own language. Through impactful giveaways and mission trip opportunities, lives are being blessed throughout the nation and surrounding nations, while Charis Bible College continues to grow stronger with the completion of the Year 2 translation. Be inspired by all that God is doing in Poland, and pray about how you can be part of this exciting work!

    Endtime Ministries | End of the Age | Irvin Baxter
    Noahide Laws: Faith or Global Control? - Ep. 7383

    Endtime Ministries | End of the Age | Irvin Baxter

    Play Episode Listen Later Aug 10, 2026 58:30


    The Brit Olam Noahide World Center just announced the first International Congress of Noahides in Jerusalem this November. What exactly are the Seven Noahide Laws? Are they even biblical? Will Christians be beheaded for breaking them? What's the US Government's role in all this? We're breaking it down on today's edition of the Endtime Show! 🦅🇺🇸: Discover America's destiny in The Wings of a Great Eagle and reserve your America 250 Heritage Collection today: https://store.endtime.com/products/the-wings-of-a-great-eagle-pre-order-collection  ⭐️: True Gold Republic: Get The Endtime Show special on precious metals at https://www.endtimegold.com 🚰: Sentry H2O: You prepare for everything else. Why not your water? Use code ENDTIME for 10% OFF at https://www.sentryh2o.com/endtime  📱: It's never been easier to understand. Stream Only Source Network and access exclusive content: https://watch.osn.tv/browse 📚: Check out Jerusalem Prophecy College Online for less than $60 per course: https://jerusalemprophecycollege.com Learn more about your ad choices. Visit megaphone.fm/adchoices

    Beekeeping Today Podcast
    The State of Honey Bee Health: A Tri-States Expert Panel (397)

    Beekeeping Today Podcast

    Play Episode Listen Later Aug 10, 2026 49:20 Transcription Available


    What is the current state of honey bee health in the United States? Recorded live at the Tri-States Beekeeping Conference in Fargo, North Dakota, Jeff Ott and Dr. Becky Masterman moderate a lively panel discussion featuring Randy Oliver, Jackie Park-Burris, Dr. Katie Lee, and Dr. Rogan Tokash. The conversation explores the biggest challenges facing beekeeping today—from Varroa mite resistance and evolving treatment strategies to honey bee nutrition, forage loss, pesticide exposure, queen breeding, and the economic pressures confronting commercial beekeepers. The panel also discusses the importance of applied research, the future of almond pollination, and why collaboration between researchers and beekeepers remains essential. Audience questions expand the discussion into pesticide impacts, carrying capacity for honey bees, beginning beekeepers and mite management, and what gives these experts hope for the future of honey bee health. Whether you manage two colonies or thousands, this conversation offers valuable insight into the challenges—and opportunities—shaping modern beekeeping. Websites from the episode and others we recommend: Honey Bee Health Coalition: https://honeybeehealthcoalition.org Project Apis m. (PAm): https://www.projectapism.org The National Honey Board: https://honey.com Honey Bee Obscura Podcast: https://honeybeeobscura.com   Copyright © 2026 by Growing Planet Media, LLC     ______________ Betterbee is the presenting sponsor of Beekeeping Today Podcast. Betterbee's mission is to support every beekeeper with excellent customer service, continued education and quality equipment. From their colorful and informative catalog to their support of beekeeper educational activities, including this podcast series, Betterbee truly is Beekeepers Serving Beekeepers. See for yourself at www.betterbee.com This episode is brought to you by Global Patties! Global offers a variety of standard and custom patties. Visit them today at http://globalpatties.com and let them know you appreciate them sponsoring this episode!  As a beekeeper, you want products that benefit you and your bees. When you choose Premier Bee Products, you choose hive components that are healthier for bees and more productive for you. Because we believe that in beekeeping, details make all the difference. Premier Bee Products: Better for bees. Better for beekeepers. Use promo code PODCAST for 10% off your next online order. Thanks to Strong Microbials for their support of Beekeeping Today Podcast. Find out more about their line of probiotics in our Season 3, Episode 12 episode and from their website: https://www.strongmicrobials.com HiveIQ is revolutionizing the way beekeepers manage their colonies with innovative, insulated hive systems designed for maximum colony health and efficiency. Their hives maintain stable temperatures year-round, reduce stress on the bees, and are built to last using durable, lightweight materials. Whether you're managing two hives or two hundred, HiveIQ's smart design helps your bees thrive while saving you time and effort. Learn more at HiveIQ.com. We'd like to thank Vita Bee Health for supporting the podcast. Vita provides proven tools for controlling Varroa—from Apistan and Apiguard to the new VarroxSan extended-release oxalic acid strips—helping beekeepers keep stronger, healthier colonies. Thanks for Northern Bee Books for their support. Northern Bee Books is the publisher of bee books available worldwide from their website or from Amazon and bookstores everywhere. They are also the publishers of The Beekeepers Quarterly and Natural Bee Husbandry. _______________ We hope you enjoy this podcast and welcome your questions and comments in the show notes of this episode or: questions@beekeepingtodaypodcast.com Thank you for listening!  Podcast music: Be Strong by Young Presidents; Epilogue by Musicalman; Faraday by BeGun; Walking in Paris by Studio Le Bus; A Fresh New Start by Pete Morse; Wedding Day by Boomer; Christmas Avenue by Immersive Music; Red Jack Blues by Daniel Hart; Bolero de la Fontero  by Rimsky Music; Perfect Sky by Graceful Movement; I'm Not Running Away This Time by Max Brodie; Original guitar background instrumental by Jeff Ott. Beekeeping Today Podcast is an audio production of Growing Planet Media, LLC ** As an Amazon Associate, we may earn a commission from qualifying purchases Copyright © 2026 by Growing Planet Media, LLC

    Global News Podcast
    The Global Story: Iran school strike: Will the truth come out?

    Global News Podcast

    Play Episode Listen Later Aug 9, 2026 27:48


    On February 28th, in the opening hours of the first day of the US-Israel war against Iran, an attack on a school vin the southern city of Minab killed over 120 children. To date, its the deadliest civilian attack during the Iran war. Experts say the school was hit by a precision guided Tomahawk missile - a weapon that neither Israel nor Iran are known to possess. Yet five months on, the US government has not formally accepted responsibility. We speak to the to the BBC's Senior International Investigations Correspondent Nawal Al Maghafi, who recently returned from Iran where she visited Minab and met with survivors of the strike and the families of those who killed. We also hear from the BBC's State Department Correspondent Tom Bateman about his attempts to get answers from US officials about the school strike. For more episodes, just search 'The Global Story' wherever you get your BBC Podcasts.

    The John Batchelor Show
    S8 Ep1223: H.W. Brands, author of America First: Roosevelt vs. Lindbergh in the Shadow of War, Part One: In April 1939, world-famous aviator Charles Lindbergh returns to the United States as global tensions escalate. Lindbergh, who moved to Europe followi

    The John Batchelor Show

    Play Episode Listen Later Aug 9, 2026 37:24


    H.W. Brands, author of America First: Roosevelt vs. Lindbergh in the Shadow of War, Part One: In April 1939, world-famous aviator Charles Lindbergh returns to the United States as global tensions escalate. Lindbergh, who moved to Europe following the "trial of the century" regarding his son's kidnapping, admires German technical proficiency but is deeply skeptical of British endurance. President Franklin Roosevelt attempts to co-opt Lindbergh into his administration to control his influence, but Lindbergh refuses, fiercely guarding his independence. When war erupts in Europe, Lindbergh uses his celebrity status to broadcast radio appeals for neutrality, believing American intervention would repeat the "mistake" of World War I. Meanwhile, Roosevelt maneuvers to modify the Neutrality Act and shift public opinion toward supporting Britain. Lindbergh views the fall of France as vindication for staying out of the conflict, while FDRuses the international emergency to justify a historic third term, a move Lindbergh fears will lead to a "presidency for life." (1)