Podcasts about gpb

GPB's Make That Kid an Offer is a segment featured during the Football Fridays in Georgia halftime show that highlights under-the-radar Georgia high school football players who excel on the field and in the classroom but may be overlooked in college recruiting, aiming to boost their visibility and help them secure scholarship offers. This podcast episode highlights just a few of the student-athletes who have signed scholarships after being featured on MTKAO. 

From marching in Selma to serving as U.S. Ambassador to the U.N. under President Jimmy Carter, Andrew Young has shaped history. Now 93, he looks back on his extraordinary life and the work still left to do. GPB's Pamela Kirkland sits down with Andrew Young in this bonus episode of Georgia Today.

The Rack, from Atlanta, plays hard and heavy rock n roll. Signed to Punk Black Records, an organization founded to highlight people of color in the rock music scene, The Rack is breaking down barriers with their sound. The Peach Jam Podcast features stories and songs recorded live in our GPB studios from a variety of incredibly talented and diverse bands and artists who call the Peach State home.

This episode features a Dove Award-nominated singer/songwriter who is also an author, documentary film maker, Ted Talk speaker, podcaster, and former resident of Nashville who has found his home in Plains, Georgia. The Peach Jam Podcast features stories and songs recorded live in our GPB studios from a variety of incredibly talented and diverse bands and artists who call the Peach State home.

Billboard once called Tinsley Ellis a "blues/rock master.” In this episode, Tinsley reflects on 50 years in the music business with many more to go.  The Peach Jam Podcast features stories and songs recorded live in our GPB studios from a variety of incredibly talented and diverse bands and artists who call the Peach State home.

In show business, being a 'triple threat' means mastering singing, dancing, and acting—and Conyers' own Coley Gilchrist has done just that. Discover her story, her passion, and how she bring it all together on stage and beyond. The Peach Jam Podcast features stories and songs recorded live in our GPB studios from a variety of incredibly talented and diverse bands and artists who call the Peach State home.    

Sam Crenshaw, one of Atlanta's most versatile broadcasters, comments on the college football playoff final, where college sports are headed, why he's excited about the Hawks and what he sees for the Braves and Falcons. Sam is the sports anchor for CW69 News at 10, weekend morning host for Sports Radio 92.9 the Game, broadcaster and producer for GPB sports, sideline reporter for Georgia State football and play-by-play voice for Georgia State basketball on ESPN3. Very few know Atlanta sports like Sam. Listen to his thoughts and opinions on this first SATB podcast of 2025.

Season Four of GPB's award-winning Peach Jam Podcast features songs and stories from a variety of incredibly talented and diverse bands and artists who call the Peach State home. Recorded live in our GPB studios you get a front-row seat for the intimate musical performances and free-flowing conversations from a truly eclectic variety of Georgia musicians.

A GPB special program looking back at the life and legacy of former U.S. President Jimmy Carter, focusing on his work through the Carter Center to promote human rights, conflict resolution, and the eradication of preventable diseases worldwide. Plus, his role in establishing Georgia's film industry and the impact of his presidency and post-presidency on the state and the nation. 

On the Tuesday Dec. 24 edition of Georgia Today: The Atlanta Falcons are providing support for high school girls' flag football programs, a UGA food specialist has holiday safety tips, and we'll look back at some of GPB's music and entertainment stories from 2024.  

Meet Valdosta's Mama Stone. They share their unique blend of punk-funk, with a touch of Southern rock, while diving into what it's like to make music in a small town with a close-knit but vibrant music scene. Their conversation spans everything from their musical influences and the challenges of self-management to the fun chaos of being part of multiple bands. The episode also showcases Mama Stone's dynamic live performances, giving a taste of their genre-defying sound that one could describe as if "Michael Jackson's backing band was the Red Hot Chili Peppers."   The Peach Jam Podcast features stories and songs recorded live in our GPB studios from a variety of incredibly talented and diverse bands and artists who call the Peach State home.

The story of Kris Youmans & Her Mighty Fine Band is a love story—a love of music, a love of performing, and a love for each other. The group shares their unique journey, blending Americana, country, and blues while discussing the band's origins, their passion for music, and the strong personal and musical connections that bind them. Kris opens up about her marriage to Slim, the band's pedal steel guitarist, and the deep roots of music in her family. Tune in for heartfelt stories, lively banter, and intimate live performances that showcase the true spirit of Georgia's vibrant music scene.   The Peach Jam Podcast features stories and songs recorded live in our GPB studios from a variety of incredibly talented and diverse bands and artists who call the Peach State home.

Atlanta's own Southern Rock powerhouse, Blackberry Smoke, lost their drummer/founding member/brother Brit Turner to cancer in March 2024. Charlie Starr and Benji Shanks of Blackberry Smoke joined Peach Jam to share some laughs and (GPB-friendly) stories about Brit. Plus, you'll hear new music and the details of a special show at Chastain on August 23, 2024, where they will honor Brit Turner's legacy. 

Rebecca Howell, a talented country music singer-songwriter from Cochran, shares her journey from a small town to the big stage, including her experiences on The Voice and American Idol. Rebecca also tells us about her move to Nashville and her family's reaction to her bold choices. This small-town singer takes inspiration from her late grandfather's poetry and her family's musical background. Plus, she shares a special story about a memorable interaction with country legend Reba McEntire.  The Peach Jam Podcast features stories and songs recorded live in our GPB studios from a variety of incredibly talented and diverse bands and artists who call the Peach State home.

Meet Chantae Cann, an extraordinary jazz soul singer from Atlanta. Chantae shares her inspiring musical journey from humble beginnings to collaborating with renowned artists like India.Arie, Snarky Puppy, and John Baptiste. Despite her modesty, Chantae's talents have garnered her worldwide acclaim. She opens up about overcoming fears, her deep connection to music from a young age, and the profound impact of her faith. Tune in for an intimate conversation filled with personal stories, behind-the-scenes anecdotes, and Chantae's infectious melodies. The Peach Jam Podcast features stories and songs recorded live in our GPB studios from a variety of incredibly talented and diverse bands and artists who call the Peach State home.

Carlos Sainz pilotará para Williams las dos próximas temporadas. Las claves del fichaje del piloto español y su NO a AUDI... de momento. Checo Pérez salva el match ball con Red Bull y victoria de Hamilton en el GP Bélgica tras la descalificación de Russell. #F1 #Formula1 #Sainz #GP

Kobanova, a dynamic alternative southern rock band that started in Athens, shares their musical journey from sneaking into bars as underage performers to becoming a staple in the Atlanta music scene. Discover how business degrees from UGA and some classical training shaped their approach to music. Plus, what exactly does "Kobanova" mean? The Peach Jam Podcast features stories and songs recorded live in our GPB studios from a variety of incredibly talented and diverse bands and artists who call the Peach State home.

LISTEN: On the Thursday, July 18 edition of Georgia Today: Delta is the only major U.S. airline where most workers are not in a union, but some are hoping to change that; an iconic Atlanta church may soon be a UNESCO World Heritage site; and best-selling author, and former GPB host, Denene Milner joins the podcast to talk about her latest book.  

Awards for the national football team, Georgia joining NATO's Jubilee Summit, changes in the election code, a jet crash, new GPB board members, and much more!Thanks for tuning in!Let us know what you think and what we can improve on by emailing us at info@rorshok.com You can also contact us through Instagram @Rorshok__georgia or Twitter @RorshokGeorgiaLike what you hear? Subscribe, share, and tell your buds.Mark Mullen's Interview:https://georgiatoday.ge/ivanishvili-would-like-for-georgia-to-be-a-place-where-he-can-retire-and-spend-his-life-in-passive-control-mark-mullen-on-georgia-at-a-crossroads-bidzina/We want to get to know you! Please fill in this mini survey:https://forms.gle/NV3h5jN13cRDp2r66Wanna avoid ads and help us financially? Follow the link:https://bit.ly/rorshok-donate

Dive into South Georgia's music scene with the Pine Box Dwellers as they share their "cosmic swamp music." Hailing from Waycross, Georgia, Sean Clark and Connor Griffin discuss their unique sound, a grassroots fan base, and the challenges and joys of their self-booked tours across the country. From tales of small-town life and library jobs to thrilling road trip adventures and intimate live performances, this episode offers an authentic glimpse into the lives of these dedicated musicians.   The Peach Jam Podcast features stories and songs recorded live in our GPB studios from a variety of incredibly talented and diverse bands and artists who call the Peach State home.

Atlanta-based alternative R&B artist Sakura shares her journey from being a "Grady baby" to an aspiring musician balancing a full-time job and her passion for music. Discover how her Georgia roots and diverse experiences have shaped her sound and vision. Enjoy soulful performances and hear Sakura's thoughts on self-expression, creative ownership, and her dreams of reaching a global audience. Tune in for an inspiring conversation filled with heartfelt stories and beautiful music. The Peach Jam Podcast features stories and songs recorded live in our GPB studios from a variety of incredibly talented and diverse bands and artists who call the Peach State home.

Kyla Simone, a singer-songwriter from Conyers, champions the acoustic soul and R&B genres. Kyla shares her journey from Maryland, influenced by her musically talented family, to establishing herself in Atlanta's vibrant artist community. She discusses the founding of her organization, Girls and Guitars, which supports women of color in music by providing performance opportunities and fostering community. Throughout the episode, Kyla's heartfelt performances and reflections on music's therapeutic power highlight her mission to inspire and mentor future generations of female musicians. The Peach Jam Podcast features stories and songs recorded live in our GPB studios from a variety of incredibly talented and diverse bands and artists who call the Peach State home.

Run Katie Run is pure fun. Their sound uniquely blends Americana, bluegrass, rock, pop, and country influences. In this episode, Run Katie Run discusses their grassroots approach to booking gigs, their memorable performances at Dollywood, and their almost encounter with Dolly Parton. Tune in for exclusive live performances and behind-the-scenes stories captured in an episode filled with laughter and great music. The Peach Jam Podcast features stories and songs recorded live in our GPB studios from a variety of incredibly talented and diverse bands and artists who call the Peach State home.

Cole Goodwin works in Pooler City Hall's HR department and has a budding country music career. The recent Georgia Southern grad joins the podcast to talk about social media, life near the Georgia coast, and working with a small team of family and friends to make a run at the music business.  The Peach Jam Podcast features stories and songs recorded live in our GPB studios from a variety of incredibly talented and diverse bands and artists who call the Peach State home.

HeyDreamer is a band that is very particular and methodical in its approach. On this episode of the Peach Jam Podcast, Melody and Dustin of HeyDreamer share road stories, hard lessons learned, and describe the music business as "The Wild West." The Peach Jam Podcast features stories and songs recorded live in our GPB studios from a variety of incredibly talented and diverse bands and artists who call the Peach State home.

The Peach Jam Podcast from Georgia Public Broadcasting features songs and stories from a sampling of the incredibly talented and diverse bands and artists who call the Peach State home. Recorded live in our GPB studios, you get a front-row seat for the intimate musical performances and free-flowing conversations from a truly eclectic variety of Georgia musicians.

Season Three of the Peach Jam Podcast begins May 17th!  Here is a sneak peek at some of the Georgia artists we are featuring this season.  Peach Jam Podcast features stories and songs recorded live in our GPB studios from a variety of incredibly talented and diverse bands and artists who call the Peach State home.

Season Three of the Peach Jam Podcast begins May 17th!  Here is a sneak peek at some of the Georgia artists we are featuring this season.  Peach Jam Podcast features stories and songs recorded live in our GPB studios from a variety of incredibly talented and diverse bands and artists who call the Peach State home.

A conversation with Maj. Julian “Cosmo” Gluck '12, a flyer with the heart of a pilot, the soul of a golden age aviator, and an insatiable yearning to learn. Why? In part to support developing leaders of tomorrow. ----more---- SUMMARY Major Julian "Cosmo" Gluck '12, shares his background and experiences in the Air Force and as a bomber pilot. He discusses his childhood, involvement in various activities, and his decision to join the military. Major Gluck also talks about his leadership roles at the Air Force Academy and the challenges he faced. He then delves into his experience flying B-52s and explains the difference between a pilot and an aviator. Finally, he clarifies the distinction between rated and non-rated officers. He discusses his involvement with the Order of Daedalians, a professional fellowship organization for military aviators. He also shares his experience transitioning to Harvard Business School and the Air Force Reserve and about the importance of leadership across different lanes. Julian reflects on what he has learned about himself and his future plans. He emphasizes the significance of giving back and volunteering, as well as the impact of the Air Force Academy and alumni involvement.   OUR FAVORITE QUOTES "I would say the juxtaposition between the military lifestyle—which often is more regimented—and a desire to both give back and be creative. So these secondary and tertiary desires that I really wanted to have in my personal life and professional life to continue to self-actualize and feel comfortable were always at sort of a crossroads, but the Academy made that possible." "I think there is a lot of strength in knowing that you do not know something. And through my time in business school, there is a lot that I think many of those who are coming from civilian careers—that more directly relate to business—would think is just information that everyone is armed with that is absent for many of us who were not as directly involved in running for-profit organizations or who weren't involved in sales, investment banking, or any of these other careers." "I would say, I'm going to do a plug for the AOG: If there are things that you want your AOG to do, you are the person who can help facilitate that as well, just like I aim to, like many others. An alumni organization, a nonprofit, a charity is only as strong as its membership corps." "I think overall down the road, as long as I'm making a positive impact in my circle and in my community, that's the most important thing to me. Like, I don't want to give up the uniform. I've loved serving in the Air Force, and I'll stay in the Air Force Reserve—hopefully as long as they'll keep me—and it would be great to have more opportunities to lead again." "I would leave you with, if you have some time available, if there's money that you're seeking to donate, there is a cause that will resonate with you. Just go to the search engine of your choice, maybe it's Ask Jeeves … [or] go to Lycos—I think that was a search engine—in your Netscape Navigator. Go look up on AOL these interests, and you'll be able to find a charity that works for you.” - Maj. Julian "Cosmo" Gluck '12   SHARE THIS EPISODE  FACEBOOK  |  LINKEDIN  |  TWITTER  |  EMAIL   CHAPTERS 00:00:  Introduction and Background 04:01:  Childhood and Life Before the Academy 08:01:  Leadership Roles at the Academy 14:53:  Flying B-52s 19:50:  Difference Between Rated and Non-Rated 21:30:  The Order of Daedalians 26:14:  Transitioning to Harvard Business School 30:06:  Leadership Across Different Lanes 33:08:  Learning About Oneself 37:15:  Future Plans 40:10:  Giving Back and Volunteering 42:37:  The Air Force Academy and Alumni Involvement   TAKEAWAYS FOR YOU - The Order of Daedalians is the professional fraternal order of military aviators and commemorates the service and valor of World War I pilots while providing fellowship for current and former flyers today. - Programs like the Civil Air Patrol—the civilian auxiliary of the Air Force—provide another avenue for service members, veterans, and civilians to give back in meaningful ways. - Transitioning from the military to civilian life can provide opportunities for strategic development and new ways to support organizations. - Leadership takes different forms in various contexts, from leading in the military to leading in the classroom. - Humility and the willingness to learn from others are important qualities for personal growth and effective leadership. - Giving back and volunteering in various organizations can provide a sense of fulfillment and make a positive impact in the community. - The Air Force Academy and alumni involvement play a significant role in shaping individuals and fostering a sense of pride and service.   MAJ. GLUCK'S BIO Maj. Julian "Cosmo" Gluck is a reservist in the Defense Innovation Unit in the Office of the Secretary of Defense. He additionally serves as Chairman Emeritus of the Department of the Air Force Company Grade Officers' Council, supporting the 47,000 captains and lieutenants of the Air & Space Forces. Maj. Gluck grew up in LaGrange, Georgia and received his commission in 2012 as a Distinguished Graduate of the United States Air Force Academy. During his career he was selected as the 2018 Air Force Times Airman of the Year, received the 2019 Secretary of the Air Force Leadership Award, was named to the 2020 Forbes 30 Under 30, and chosen as one of the 2023 Ten Outstanding Young Americans by JCI USA. Prior to his current position, Maj. Gluck served on Air Combat Command staff; served as Aide-de-Camp to the Commander of Seventh Air Force; led 64 aircrew flight equipment and SERE personnel; and was Executive Officer for the Department of Defense's largest bomb group. He is an instructor pilot in the B-52H Stratofortress and is a graduate of Euro-NATO Joint Jet Pilot Training. Maj. Gluck flew combat missions in Operations INHERENT RESOLVE and FREEDOM'S SENTINEL out of Al Udeid Air Base, Qatar and has deployed in support of U.S. Indo-Pacific Command. MAJOR AWARDS AND DECORATIONS - Meritorious Service Medal with oak leaf cluster - Air Medal - Aerial Achievement Medal with oak leaf cluster - Air Force Commendation Medal with five oak leaf clusters - Air Force Achievement Medal with oak leaf cluster - German Armed Forces Badge for Military Proficiency in Gold PUBLICATIONS “Opening the Door to Cultural Understanding and Mutual Cooperation,” Journal of Indo-Pacific Affairs, June 2021 “The Gray Legion: Information Warfare Within Our Gates,” Journal of Strategic Security, December 2021 “Kasa-obake: A Spirited Case against Abandoning the U.S.-Japan Nuclear Umbrella,” On the Horizon, May 2022 “South Korea's Second Sight: Risks and Rewards for the ROK-US Alliance with Russia,” Issues & Insights, June 2023 PROFESSIONAL MEMBERSHIPS AND ASSOCIATIONS - British-American Project - Center for a New American Security - Council for the United States and Italy - Order of Daedalians - Pacific Forum   CONNECT WITH JULIAN LINKEDIN  |  @JULIANRGLUCK ON INSTAGRAM     ABOUT LONG BLUE LEADERSHIP Long Blue Leadership drops every two weeks on Tuesdays and is available on Apple Podcasts, TuneIn + Alexa, Spotify and all your favorite podcast platforms. Search @AirForceGrads on your favorite social channels for Long Blue Leadership news and updates!        TRANSCRIPT OUR SPEAKERS Guest, Maj. Julian "Cosmo" Gluck '12  |  Your Host, Lt. Col. (Ret.) Naviere Walkewicz '99   Naviere Walkewicz 00:01 My guest today is Maj. Julian “Cosmo” Gluck, USAFA Class of 2012 graduate of distinction based in Boston. He is currently serving in the Air Force Reserve in the Defense Innovation Unit and pursuing his MBA at the Harvard Business School. There is so much in Maj. Gluck's background that we'll just touch the surface for now. He flew B-52s for more than six years, and in 2023 he was named one of 10 outstanding young Americans, which puts him in the company of American presidents, statesmen and generals, including the Air Force Academy Association and Foundation's Gen. Mike Gould, Class of '76, who received the honor in 1985. In 2020, Maj. Gluck was named to Forbes 30 Under 30 list for law and policy. In 2018, he was named Air Force Times airman of the year. He is a published author, public speaker and contributor to international discourse on public policy, sharing his lessons in leadership with students in elementary school, at university, senior leaders in defense, nonprofits, and national level elected policymakers. We'll talk with Maj. Gluck about his work as a member of the Air Force Reserve, and how that relates to his membership in the Order of Daedalians, a fraternal organization founded after World War I comprised of aviators. He is a gregarious man of warmth, humility and humor, always willing to share what he knows with those aspiring to become aviators, lead or be better leaders, and always ready with an enthusiastic, “Howdy!” This should be a very enjoyable conversation. Joining us from Boston, Julian, welcome to Long Blue Leadership.   Maj. Julian Gluck '12 01:42 Well, I feel like I have to say howdy now, but I was gonna' say it anyway. So good to be here.   Naviere Walkewicz 01:46 Howdy. So glad you're here with us today. Thank you for making the time. We are really excited to learn more about your thoughts on leadership. But as we like to, we want to kind of take a step back, rewind the time a little bit and learn about young Julian. Why don't we start there? Tell us about your childhood life before the Academy.   Maj. Julian Gluck '12 02:06 Sure. So, I grew up all around primarily the southeastern United States. My dad's a pilot and was going through different positions. My mom's an occupational therapist. They had met in Texas, but I was born in Florida. And then over the course of my childhood, I lived in Florida, Tennessee, Maryland, South Carolina and Georgia, where I finished out elementary school, middle school and then high school. And when I was a kid, I was involved in a myriad of different activities. I really enjoyed acting and got the chance to co-star in a public broadcasting television show with the GPB, one of the stations back in Georgia. I did a little bit of entrepreneurship, starting a company when I was 14. I became involved in the Civil Air Patrol and high school wrestling, extemporaneous speech competitions. And with all the different activities going on, I wanted to continue on the tradition in my family of military service. Applied to the Air Force Academy. Thankfully, the “Zoo” let me in. And it's been a great time since.   Naviere Walkewicz 03:04 Who were some of the influences in your life that kind of led you down that path. I know you mentioned, you know, your family has had many that have served. Are those who influenced you? Are there others maybe that you read or influenced you as well.   Maj. Julian Gluck '12 03:16 The members of my family are the largest influence on my decision to join the military. I'm fifth generation. As you go through different lines in the family, people on both sides had served primarily in the United States and hearing their stories of both sacrifice of putting the organization over oneself, the service to country really resonated with me as a kid. And so I knew even when I was very young that I wanted to serve in the military, as well as a lot of the reading I did as a child, I would say. And then going through my time at the Academy was also very much a philosophical focus throughout. A lot of philosophy mixed in as well with the standard books that one would read as a kid.   Naviere Walkewicz 04:01 Five generations. Would you say that it was destiny then to go into the military via the Air Force Academy or just the military in general? Or was it really intentional on your part?   Maj. Julian Gluck '12 04:11 I think there were definitely some elements of the Academy being the destination. Now as far as Air Force Academy versus a few of the others, I would say lesser options with our rivals on the East Coast there. I wasn't initially sure which one I was going to apply to. And ultimately the Air Force Academy made the most sense to me, primarily because of the Academy's awesome record of placing people into really impactful, strategic roles later on. I like the emphasis on technology. And I think as well, having a Japanese program which only the Air Force Academy and maybe the Naval Academy had, I wanted to take Japanese classes, so that was something that was on my mind.   Naviere Walkewicz 04:54 Did you take Japanese class?   Maj. Julian Gluck '12 04:56 [Speaking Japanese here.] So, I did indeed study Japanese. It was my minor at the Academy, and sometimes really useful either in like bilateral track to diplomatic scenarios or ordering sushi at really nice restaurants.   Naviere Walkewicz 05:16 I don't think I would be as successful. All I remember is [speaking Japanese here], which is, “Where is the bathroom.”   Maj. Julian Gluck '12 05:22 That's really important.   Naviere Walkewicz 05:26 So let's talk about the Academy. Maybe what were some of the roles in leadership you had? Or let's just talk about your Academy experience in general. Kind of set the stage for us.   Maj. Julian Gluck '12 05:34 So, the first leadership role I ever had at the Academy was the Mitchell Hall Food Focus Committee. So, Doolie year, freshman year, I'm sitting in the SAR, the squadron assembly room — I'm not sure if the audience is all super-familiar with the acronyms or if they've changed over time — but I'm in the SAR, and they're like, “Hey, we have a volunteer opportunity.” And I'm just thinking in my mind, I've been at the Academy for a few weeks, this is my chance to be an impactful leader early on, and they just needed someone to test out the food at Mitchell Hall. I raised my hand really proudly. And over the course of the year, I gave my own attempt at food criticism to the excellent staff and Mitchell Hall trying to shape the meals cadets would have. Now, I'm not sure if I've had any jobs since then that is quite as impactful. I'm still trying to chase that incredible opportunity to rate how hard the cookies were, or that the chicken fillet sandwiches were pretty solid. But after that one, I would go into primarily roles that were focused on sort of command-oriented leadership, I was the first sergeant I believe, squadron superintendent for basic cadet training. I served on group staff a couple of times culminating as the Group Commander for Cadet Group 1, First Group, so I had a great time doing that. My summers were spent flying gliders, doing the SERE program when we still had CST, and as well as getting the chance to do an internship at the Senate. So, I was the one cadet that was sent there as sort of an interim military legislative assistant, and did basic another time, as well as the Director of Military Guidance Officers. Another role that I did through sophomore through first year was the Personal Ethics and Education Representative Program, the Peer Program, at a really good time. And I thought that it was really valuable getting to speak with cadets who are having troubles in their personal life, professional life, and really be able to help for more challenging issues, such as ones that may involve the law or medical needs. And then for ones that I felt like I could have a good handle on being able to practice my interpersonal communication and super useful later on in my career.   Naviere Walkewicz 08:06 You held many leadership positions, and I'm sure there are many accolades that came with that. What were some of the challenges that you experienced in those positions? And how did you balance being a leader all the time with your own needs, and developing yourself?   Maj. Julian Gluck '12 08:20 I would say the juxtaposition between the military lifestyle which often is more regimented, and a desire to both give back and be creative. So, these secondary and tertiary desires that I really wanted to have in my personal life and professional life continue to self-actualize and feel comfortable. We're always at sort of a crossroads. But the Academy thankfully made that possible. Now I did that at the expense of probably getting eight hours of sleep per night, maybe about half of that most of the time, and a lot of all-nighters, but I think there were some people who are just hardcore DGs and still got eight hours of sleep. I'm not one of those. I did not get a lot of it. But when I was there doing the cadet leadership jobs, I needed an outlet. So, for Doolie year, I acted with Blue Bards, I tried to relive a little bit of that child acting background and that was a lot of fun. We did Grease and 12 Angry Men. Then through both four degree year, all the way up through first year, and a little bit as a casual lieutenant, I sung with the In the Stairwell acapella group, and was a beatboxer and sung bass as well. And that was a phenomenal time getting to perform for the senior leaders that came in at the White House a couple times, and then later on getting to relive that as well as an alumnus at the America's Got Talent semifinals doing an exhibition before the then current crop of cadets just totally crushed it out there on the stage. So, I think throughout that time at the Academy, just being able to go, “Hey, I need to really focus on academics, I need I grow in my leadership capabilities.” But I also want creative things. And then community service-oriented things. And that was where I became involved with programs like the Knights of Columbus, when I was a cadet finding ways to give back and the local community and lead volunteer projects across the state of Colorado and then eventually, nationally, internationally.   Naviere Walkewicz 10:20 I really appreciate you sharing that. Because I think sometimes there might be a misconception or a perception even that, you know, you can be a leader and you have to be really strict and focus and you can't really focus on other things that you're really passionate about, or you know, that bring joy as well. Right. So maybe you can't have both, but I really appreciate that you shared that you can. So, do you prefer beatboxing or bass? What does that sound like?   Maj. Julian Gluck '12 10:44 Well, these days, so I recently joined the Harvard Business School acapella group, which is called Heard on the Street. And I'm still beatboxing. But I'm getting a little bit more into the singing part primarily because over the past 10 years, it's mostly been playing along with my guitar, and singing karaoke. So, I definitely enjoy beatboxing but I'm enjoying doing more singing these days as well.   Naviere Walkewicz You're holding back on…   Maj. Julian Gluck '12 Go to YouTube and see some old clips. I think I'll refrain from beatboxing on your… I haven't checked this mic to see if like a…. [Beatboxing]   Naviere Walkewicz 11:25 So, that was amazing. No, I think that the mic came through fantastically. And no, that is wonderful. We really appreciate that. And again, it also plays into, you know, we really can be fully immersed in a lot of things, right? We don't have to just be down one lane when it comes to leadership and, you know, pursuing our dreams. So, let's talk a little bit about while you were in the military. You share that you flew B-52s for over six years. What was that experience like? And then I'm gonna' ask you a follow-on about flying because there's something as a non-flier, non-rated grad, I just have a question on so first, tell us about what it was like flying B-52.   Maj. Julian Gluck '12 12:05 So, flying the B-52, aka the “Buff,” was a blast. It's a very challenging aircraft, I think, compared to many others in the inventory. It is an older platform. It's older than my father. And based on earlier versions that are older than both my parents, and probably many of the current cadets' grandparents. My grandfather, in fact, asked me when I told him I fly the B-52, “They're still flying those?” And I was like, “Indeed, Grandpa, and you enlisted in the Air Force after they'd already been in service.” But I can tell you, although they are up there in years, it's a very lethal platform. It's an effective platform. It's constantly being brought to the forefront of innovation through the incredible work that the tech community does, that the primes and other companies are able to leverage with different technologies as far as munitions, its radar capabilities, a lot of exciting changes with new engines that will be coming about for the next generation of bomber pilots. So, I enjoyed flying it. It definitely had its moments where it tested my limits. And I'm super grateful for the instructors and weapons school graduates who helped develop me from a young, very uncertain co-pilot to being a more adept, and I would say, empowered aviator, as I continued to like, become more comfortable, and eventually have the chance before I departed the community for other opportunities to instruct as well.   Naviere Walkewicz 13:39 What were some of the challenges that you faced in that? Was it more just a level of comfort? Or was it other things?   Maj. Julian Gluck '12 13:44 I think in the B-52, there's a wide range of different mission-sets that you need to be familiarized with. I mean, not only the nuclear deterrence mission, that is the Secretary of Defense's No. 1 priority, and extremely critical for our ability to deter and assure you also have the close air support mission, you see just a massive suite of different weapons, you need to be able to control an aircraft that has sometimes sluggish controls. And as you're powering through different regimes in the airplane, you also need to be not only taking care of your own aircraft, but if you're flying in formation, as a formation leader, mission leader or even a mission commander, you need to be able to have an awareness of all the other aircraft and players that are out there in the “kill box” or wherever you're operating. So, I think as we're moving up from co-pilot to aircraft commander and mission lead and eventually to instructor, the stakes become higher. The challenges as far as your knowledge set your situational awareness and task management increase. And thankfully with great instructors and those in more senior positions who believed in the opportunity to continue to progress, I had the just joy of a lifetime getting to fly the B-52. Particularly with my crew in 2016 to [2017], as a young co-pilot out in Iraq, Syria and Afghanistan in operations Inherent Resolve and Freedom Sentinel. So, by far the most impactful, meaningful six months of my life, and that would not have been possible without the B-52 community.   Naviere Walkewicz 15:29 That's really powerful. Thank you. One of the questions that's on my mind, and I think for others that maybe aren't in the aviation community — so, pilot versus aviator: Can you demystify this?   Maj. Julian Gluck '12 15:40 Sure, I'll do my best. And I think it also depends on which branch, the terminology differs a little bit, I believe in the Navy particularly. But for the Air Force, I would normally think of an aviator as a rated individual who would either be a pilot, a weapons systems officer or navigator, a flight surgeon, others who have a set of wings on the officer side, and that take part in some aspect of the airplane. Pilots in particular are the ones normally controlling the aircraft as far as the movements of it, which you would normally think of as aviating — whereas like weapon system officers doing the navigating.   Naviere Walkewicz 16:26 That is helpful. One of the things we do is we know we have a group of listeners that may not know some of our terms. So, can you explain the difference between rated and nonrated?   Maj. Julian Gluck '12 16:35 I will do my best with that as well. So, a rated officer is a person who has gone through a formal technical training program that relates to the flying of a particular mission system. Whether that is an aircraft or a UAS, or remotely piloted aircraft. So, unmanned aerial system for UAS, so these individuals have on their service dress or mess dress or on their flight suit, a set of links that indicate that there's this particular skill set that was developed over time. And the rated aviators have particular requirements. As far as medical, in addition to their technical training, you have to make sure you're able to still fly. And they also have certain other personnel system requirements. So, when I think rated, I think of a person who is in the cockpit or on the airplane with a very specific job of like, an air battle manager is a rated aviator, who on different command control platforms, has a particular mission set with controlling battlespace, that's also considered rated.   Naviere Walkewicz 17:48 We want to make sure that everyone feels able to connect with what you're sharing. So that was a fantastic…   Maj. Julian Gluck '12 17:54 If there's anything wrong, just go to the comments. Just continue to like — increase the social media exposure by saying, “Cosmo, you're wrong!” And I'll make it.   Naviere Walkewicz 18:03 No, that's perfect. Thank you. Well, before we kind of leave this topic of aviation, I'd really like to learn a little bit more about the Order of the Daedalians. Can you talk about this organization a bit? How did it come to be part of your life? I think that's just one that we're not all familiar with.   Maj. Julian Gluck '12 18:20 The Order of Daedalians is a professional order of military aviators that was founded by World War I pilots around 1934. And these particular pilots wanted to start an organization that would commemorate the service that occurred, all the valor that took place in the skies for the Great War, and then afterward to be able to continue to interact with each other and then have a network of convivial interaction between them. But over time, the Order of the Daedalians, and through its charitable arm, the Daedalian Foundation, has grown into this organization for all military aviators of around 10,000. I believe in our current membership, and our organization not only helps connect aviators from the past and present, but also to continue to commemorate that service of the founders of the organization. We do scholarships to the tune of hundreds of thousands of dollars to help students in ROTC programs who wish to become military aviators. And we also have in addition to those academic scholarships, flight scholarships that teach people how to fly. We have a program that supports a Junior ROTC and awards program for different rated aviation training programs to celebrate the success and excellence of the students who are in there. So as the youngest member of the board of trustees, I'm grateful to get to learn from incredible senior leaders and general officers who have flown a variety of different aircraft. And I think it is a wonderful program for those who are still on active duty or in the Reserve as well as those who have separated or who are retired, who would like to continue to swap stories. There are a lot of fantastic speakers who come in and continue to contribute to the next generation of flyer while still paying homage or respect to those who came before us.   Naviere Walkewicz 20:16 What's something that's been really personal to you that you've been proud to see the Order of the Daedalians take part in? Can you share maybe a more specific story?   Maj. Julian Gluck '12 20:24 So, coming into the organization, I noticed that we had, and I will say this resonates with a lot of sort of Golden Age fraternal organizations like the Knights of Columbus and many others, a wealth of experience with our older members who are very dedicated. Perhaps they're fully retired from their jobs, they have a lot of time to give back, but not as many younger members who are coming in, particularly those who are still actively wearing the uniform and flying. So thankfully, with the support of the full-time professionals at the Order of Daedalians and our trustees and directors at the foundation and the order itself, we got together to discuss a lot of ways to innovate the organization to bring it into its next phase, particularly to help drive recruitment and retention with a lot of these potential younger members by having the opportunity to go to bases and really advocate that the order of the Order of the Daedalians is not only a force for good in that it's helping train new aviators, which is a critical need for the national security enterprise, but it's also a fantastic retention tool by providing a strong network of mentorship. So my hope is that a lot of the meetings that we had take place that focused on bringing everyone together, will eventually culminate in a desire for perhaps any listeners to this particular podcast, who go, “You know what, this is a historic program, I would like to volunteer or be a part of it and get to listen to some amazing stories, and then do my part to give back as well.”   Naviere Walkewicz 21:59 Thank you for sharing that. And that really speaks very clearly to me. That's one of the things here at the Association that we're working to do as well, you know, really ignite our younger graduates into membership and participation and engagement. Well, let's shift gears a little bit from the world of aviation, you know, you talked about it as a cadet, you had kind of two facets that you're really interested in the creative side, and also the leadership side. Of course, they don't have to be mutually exclusive. Maybe you can talk about what it's like now to transition. You're at the Harvard Business School, you're an author, let's talk about this lane a little bit.   Maj. Julian Gluck '12 22:35 So, I am super grateful to be a reservist. I had a really engaging time on active duty. It was fantastic for leadership development with some fantastic leaders over the years. But the wonderful thing about the Air Force is there's so many different ways to continue serving in uniform. One of my big interests, that was my desire to go back to school, and find other opportunities to support organizations, including the United States government, through ways that I thought were more focused on strategic development. Going to the Reserve, transitioning through the Palace Chase program, and going back to school has made all of that possible. So as a reservist, now I'm assigned to the Defense Innovation Unit, and the Office of the Secretary of Defense where we help with dual-use technologies, helping bring a lot of the technologists and founders leaders of different programs who have ideas that can support a range of portfolios for the Department of Defense, such as autonomy, AI, energy, human systems, bringing those together to help improve our DOD systems, particularly for a lot of these smaller companies that could use a lot of support. So that has been fantastic. I'm still very much in an embryonic stage within my Reserve service. There's a lot for me to learn. And as I'm going through this transition, it's been amazing getting to talk to reservists who've been there and done that. They've done the transition, and they're continuing to give back. It's not about the money for them. It's about a way to continue to give back to our United States military. And that's something it's really inspiring to me, and inspired me a lot when I was out in Korea as an aide and with all the reservists who would come in to be part of the chase and take time away from their families and from their busy jobs to suit up, you know, put on their flight suits, come out to Korea and really make a difference for our bilateral/multilateral organizations out there. So that's been fantastic. At Harvard, it's been a wonderful learning opportunity. I loved my time at the Academy. I wouldn't trade it for anything. It was the perfect undergrad experience for me. Now going through as a grad school student, I'm kind of getting to see that other side. I've got the more college dorm-style apartment even though I'm not living on campus. As you know, it's not quite hacky sack in the quad that I was imagining that college would be. But the range of different people who are members of the HBS Class of 2025 is so interesting, people from all around the world, very different backgrounds. I mean, of course, we have venture capitalists, consultants, bankers here, but there's also a very, I would say, engaged and interesting veteran group. And I really love hanging out with the other veterans who are in both my section and the class at large. In fact, one of the traditions that we started in my section is the veterans would all wear Hawaiian shirts on Fridays, and so I had to buy a lot more Hawaiian shirts, because I was never stationed at Hawaii, did not have a hardly any of them. And that's where I found this Air Force Academy, Hawaiian shirt.   Naviere Walkewicz 25:55 So, that is outstanding.   Maj. Julian Gluck '12 25:58 I don't think anyone else who's coming on your podcast is probably gonna' have one of these. So, yes, it's been really great at HBS. I'm learning a lot. I have two and a half more semesters left. And I'm excited for what comes next as well.   Naviere Walkewicz 26:12 Well, let's dig into that a little bit. So, you went to the Academy, you had incredible opportunities to lead. You've done some of this in the Reserve. And then also, at Harvard, what does leadership look like across those different lanes? How have you seen leadership evolve, and how has it shaped you during this time?   Maj. Julian Gluck '12 26:34 The opportunities I had to lead both at the Academy and on active duty, certainly inform and help bring different context and experience to the leadership opportunities I may have at school now or that I hope to have in the future. I will say there's a lot to learn to bring that into full realization as I continue through this transition from military to the civilian world. So as I look at like my experience as a flight commander for aircrew, flight equipment technicians, and SERE when I was at Barksdale, or getting to serve as a director of staff at Air Combat Command, and the A-3, a lot of those involved, be able to help our junior enlisted to be able to work with phenomenal senior non-commissioned officers how to help pass information up and down the chain to innovate, to go through a lot of the administrative challenges that are elements of bureaucracy and probably omnipresent no matter what sort of organization you're in. So those have been great. Now, at school, I would say a lot of the leadership could be leadership in the classroom. For me as someone not coming from Goldman Sachs or Bain, I have a lot of learning and followership I'm enjoying in the classroom right now is getting to really just taken a lot from all of the incredible experiences of my younger section mates and classmates who have had very relevant experience. And then the aspects of the veteran experience that also relate myself and many others in the veteran community who are students at my business school, and I'm sure at many of the other ones across the country in the world are able to relate to is also super-useful. So, I'm excited as I go into professional work, both this summer and after graduation, to be able to bring the gregariousness as described at the beginning to my next job and a lot of those fantastic opportunities to learn and serve in the military as I continue to grow and hopefully become a more effective cross-sector leader.   Naviere Walkewicz 28:48 So, you talked about, you know, you have a lot to learn. What has been something you've learned about yourself so far in this journey, thinking about leadership and what our listeners are hoping to glean? You know, what's something you've learned about yourself weather as a follower, to your point, you know, how important is it to be a follower in the world of leadership, etc.?   Maj. Julian Gluck '12 29:10 I think there's a lot of strength in knowing that you do not know something. And through my time in business school, there is a lot that I think many of those who are coming from civilian careers that more directly relate to business would think is just information that everyone is armed with. That is absent for many of us who were not as directly involved in running for profit organizations or who weren't involved in sales, investment banking or any of these other careers. So, during my time at HBS, I've definitely practiced the skill of humility. I have seen it in action with some of the challenging tests that I have taken so far over the past semester and a half and I'm learning about myself the sorts of activities that I really enjoy as I consider the kind of careers that are on the outside flying airplanes. And then going into, let's say consulting is a big leap. But there are also a lot of elements of that sort of leadership that are, I would say, at least are correlate with each other. And as I continue to figure out, what am I skilled at, what do I enjoy, and sometimes those aren't always aligned, I can reach out to mentors to classmates, to grads, in particular, I've reached out to a lot of grads who are out there in the civilian world to find out, ‘What do you recommend? How do I improve? How do I grow in this?' And I'm excited for the kind of development that I hope to see and that I will strive to really develop over the next year and a half and then many years ahead?   Naviere Walkewicz 30:54 And has there been a tidbit of leadership from some of those mentors, you've reached out to in the graduate committee or across different lanes that have really impacted you? And if so, what would you share with the group?   Maj. Julian Gluck '12 31:06 I would say, a lot of the grads I have spoken with that are maybe from like the '90s and 2000s, who have gone to business school or law school or medical school, have shared how much of an impact the military had on them. And where there are sometimes vacuums for that sort of selfless leadership and that aspect of giving back that are in uniform, that you really need something like that, to continue to really feel like you're giving it your all, and that you're in the right place - that you could be like, you could be making millions and millions of dollars. That is a story that was relayed to me by a former Air Force pilot. But if you are not finding a way to really do something for others, it may come across meaningless in many ways, like you can be happy on a yacht. I'm sure if anyone out there has got one, I'm happy to hop on sometime over spring break. But programs like the Civil Air Patrol to the Air Force Auxiliary, that giveaway for grads, who are perhaps still in uniform or out of uniform to continue to give back to do things such as domestic search and rescue, or helping mentor and teach middle school, high school and college students. Those are ways that like really connect you with service, that aren't full time jobs, that have less responsibility. I would say then continuing to serve in the Reserve and still allow a lot of different freedoms that maybe you want to experience that provide another shade of meaning that perhaps you're not getting in one full career.   Naviere Walkewicz 32:44 And I think that's really meaningful for people to hear, right? I think, when you're looking at success, how you define success, certainly, there's an element of being able to have the freedom to do things that you want, that money brings. But there's also the fulfillment internally that comes from being part of or doing something bigger. So how much longer in your program?   Maj. Julian Gluck '12 33:03 So, I've got two and a half semesters left. I'll graduate, God willing, or I think I remember from my four-degree days, and basically that 20, if you make it that far, like I heard that a lot.   Naviere Walkewicz 33:16 All right, so May 2025. What's next, Julian?   Maj. Julian Gluck '12 33:19 I'm not sure quite yet after graduation. This summer, I have a really phenomenal opportunity lined up to be a consultant with McKinsey & Company in their London office. So, this is the pre-LinkedIn update. I'll be at McKinsey this summer. I applied to a few other fellowships, and I'm interested in finding ways to continue to learn about these different sectors, how one can grow a company as well as an organization that is a not-for-profit, like most of my experience or within government service. After graduation, I hope to have continued opportunities over the decades to come to give back. Certainly interested in public service, as well as being able to develop different organizations. So, we'll see. But I'm definitely excited for this summer. And I think there's a lot that I have to learn with McKinsey just across the pond.   Naviere Walkewicz 34:18 You're certainly no stranger to kind of putting everything into something and kind of seeing the benefits that come from that — all of the awards I went through beyond learning and seeing what's out there, what you just described, is there something else that you're like, at some point down the road, this is something I'm striving for?   Maj. Julian Gluck '12 34:34 I think overall down the road, as long as I'm making a positive impact in my circle — and in my community — that's the most important thing to me. Like I don't want to give up the uniform. I've loved serving in the Air Force and I'll stay in the Air Force Reserve, hopefully as long as they'll keep me and it would be great to have more opportunities to lead again. Being a flight commander was immensely rewarding. I really loved working with the airmen and if I had other opportunities to lead more directly in the future, I'd love to do so. And hopefully continue to give back, serve other organizations and continue to volunteer at the local level and on up.   Naviere Walkewicz 35:13 And you've had many different experiences in leadership. What are the one or two things you want to leave with the audience to take away from this from you?   Maj. Julian Gluck '12 35:24 I would say and I'll plug sort of my company grade Officers Council message. I had a great time in CGSC as lieutenant and a captain and now serving as chairman emeritus for the department, Air Force CTOC. I would say that, for those who are still on active duty, wherever you're stationed, there is a fantastic place where you can serve your community and do your part. And for our grads, and retirees, no matter where you're at, there is a charity that would love to have you on their team. So, providing your time, your talents, your treasure to a variety of organizations, if you want to work with kids, there are fantastic charities out there that will help you mentor the next generation. If you want to support the elderly and those who've come before us. There are plenty of organizations as well. So, I would leave you with, if you have some time available, if there's money that you're seeking to donate, there is a cause that will resonate with you, just go to the search engine of your choice. Maybe it's Ask Jeeves and just put, you know, what I might have to check after this broadcast. Just making sure I said a different one, it would sound like maybe a sponsorship message, but go to Lycos I think that was a search engine in your Netscape Navigator, go look up on AOL, your interests, and you'll be able to find a charity that works for you. And for the other tidbit of leadership, if there is something that you are not good at, there are people who will help you who care about you, that will continue to take time to help you improve in that. And I'm finding that every day at HBS as I make my way through finance classes and accounting that there are classmates who know far more than me, are far smarter than me. And that can really help out. And I think that's the same in uniform, I got lots of help when I was a pilot in the B-52 and would never have made it through pilot training or the bomber schoolhouse in the FTP or many other programs without incredible support from peers and instructors. So that's what I'll leave.   Naviere Walkewicz 37:32 Those are gifts of information that just keep giving in so many ways. So, thanks for sharing that. Well, we're at a point where I want to make sure that you had a chance to share everything that you would like to with our listeners. Was there anything I didn't ask you, or something that you really want to share when it comes to leadership?   Maj. Julian Gluck '12 37:50 I would say, I'm gonna do a plug for the AOG. If there are things that you want your AOG to do, you are the person who can help facilitate that as well. Just like I aim to, like, many others, an alumni organization, a nonprofit, a charity is only as strong as its membership corps. So, as you continue to think about how you want the Air Force Academy to be a part of your life after graduation, if you're the kind of person that says, “Hey, I drove away from Arnold Hall or North Gate or South Gate with the chapel in my rearview mirror, and it's kind of the furthest thing from my memory at this point,” then, I urge you to consider the impact that the school had, whether it was the those icy days marching outside, or perhaps some of the more fond memories that you'll have of the Zoo. Not everything and everyone's cadet experience was perhaps what you hoped it would be. But all of us were shaped by that experience there. I love the Academy. I got a lot out of it. And I hope to continue to give back to it, whether it's through the AOG, or just being able to talk with the current crop of cadets, alumni and give back. We're either cadets or alumni of an incredible institution. And let's show those other service academies that the Air Force Academy is truly the premier military academy in the United States.   Naviere Walkewicz 39:15 I can get behind that. That's outstanding. Thank you so much. So Julian, for our listeners. If anyone wants to get a hold of you, how would you suggest they do that?   Maj. Julian Gluck '12 39:23 You'll probably find me surrounded by case studies at HBS. So just wake me up so I'll do some more studying. Other ways — you can find me on LinkedIn. I'm one of the only Julian Glucks. You can also find me on Instagram, it's JulianRGluck. If you put it without the “R”, it'll be one of those other Julian Glucks who's probably tired of people reaching out to him. So, I'm happy to talk with current cadets, grads and continue to build those bonds that we have as Zoomies.   Naviere Walkewicz 39:54 Thank you so much for joining us today on Long Blue Leadership, Julian. It's been fantastic.   Maj. Julian Gluck '12 39:58 Always happy to chat with you and anyone else from the glorious old Zoo so thank you very much   Naviere Walkewicz 40:03 Thank you.     KEYWORDS aviators, cadets, leadership, academy, volunteer, organization, continue, flying, Air Force Academy, Julian, Gluck, give, military, charity, opportunities, pilot, serve, learn, rated, fantastic, program, leader     The Long Blue Line Podcast Network is presented by the U.S. Air Force Academy Association and Foundation      

En el decimoquinto episodio de la undécima sesión de ¿Quién Va? Judge Konnan, GPB y El Watcher continúan su "Multiplayer Co-Op Campaign" de "Baldur's Gate 3" jugando como Flint (Tempest Cleric), Bahamut (White Dragonborn Barbarian Outlander) y Marissé (High Half-Elf Warlock).  *Versión "Video Podcast" exclusiva de Spotify. ¡Síguenos y Suscríbete a nuestro canal de Twitch! Visita: https://www.twitch.tv/culturasecuencial ¡Subscríbete a nuestro canal de YouTube! Visita: https://www.youtube.com/culturasecuencial ¡Síguenos en Instagram! Visita: https://www.instagram.com/culturasecuencial ¡Síguenos en Facebook! Visita: https://www.facebook.com/CulturaSecuencial ¡Síguenos en Twitter! Visita: https://twitter.com/CultSecuencial ¡Apoya nuestro contenido uniéndote a nuestro Patreon! Visita: https://www.patreon.com/CulturaSecuencial ¡Apoya a William mientras le gana al cancer con tu donativo aquí: tinyurl.com/GoWillyGo ! --- Send in a voice message: https://podcasters.spotify.com/pod/show/culturasecuencial/message Support this podcast: https://podcasters.spotify.com/pod/show/culturasecuencial/support

GDP Script/ Top Stories for April 12th        Publish Date:  April 12th            From the Ingles Studio Welcome to the Gwinnett Daily Post Podcast. Today is Friday, April 12th and Happy 83rd Birthday to jazz musician Herbie Hancock. ***04.12.24 – BIRTHDAY – HERBIE HANCOCK*** I'm Bruce Jenkins and here are your top stories presented by Gwinnett KIA Mall of Georgia. Two More Auto Theft Crew Members Have Been Arrested, Two Others Remain At Large Teen with incredibly rare genetic condition first in world to be cured Gwinnett launches 'educational hub' to explain upcoming transit referendum All of this and more is coming up on the Gwinnett Daily Post podcast, and if you are looking for community news, we encourage you to listen daily and subscribe! Break 1: MOG   STORY 1: Two More Auto Theft Crew Members Have Been Arrested, Two Others Remain At Large An auto theft ring in Atlanta has led to three arrests, with East Point residents Kylijah Devon Yates, Randy Daniel Martinez, and Javaris Gamble apprehended. Two other suspects, Giovanni Bell and Emmanuel Chavarria Ornelas, remain at large. The crew allegedly broke into cars across metro Atlanta, with 400 incidents reported in Gwinnett County alone. Yates was arrested in East Point, while Martinez was found in Kissimmee, Florida, with over 100 active arrest warrants. Charges include entering auto, theft, aggravated assault, and motor vehicle theft. Police urge anyone with information on Bell and Ornelas to contact authorities or Crime Stoppers anonymously for a cash reward. STORY 2: Teen with incredibly rare genetic condition first in world to be cured Thirteen-year-old Kai Xue, diagnosed with the rare WILD syndrome, was cured by a pioneering team of British doctors in a world first. Suffering from severe chylous ascites, she accumulated 28 liters of lymphatic fluid in her abdomen. Dr. Mona Mossad, along with experienced surgeons, successfully removed the excess fluid and repaired a liver leak. Kai's journey included visits to multiple hospitals and even China for treatment before finding a cure. Dr. Mossad's innovative approach, including lymphatic drainage improvement and delicate surgery to block tiny liver lymphatic vessels, led to Kai's remarkable recovery. Kai's mother, Ning Chen, expressed immense gratitude to the medical team for their exceptional care and dedication. STORY 3: Gwinnett launches 'educational hub' to explain upcoming transit referendum Gwinnett County has launched an "educational hub," named "It's Your Ride Gwinnett," to inform voters about its transit expansion plans ahead of an upcoming sales tax referendum. The hub offers residents information on the county's transit expansion plan through monthly videos and resources. County commissioners are expected to vote this summer to place a 30-year, 1% sales tax referendum on the November ballot to fund the expansion. The online hub aims to explain the transit plans without advocating for the referendum, navigating state laws regarding political advocacy. The expansion includes spreading microtransit service county-wide, creating a bus rapid transit route, and offering routes to Hartsfield-Jackson Atlanta International Airport. If approved, the sales tax would replace property taxes currently funding the transit system.   We have opportunities for sponsors to get great engagement on these shows. Call 770.874.3200 for more info. We'll be right back.   Break 2: TOM WAGES – GCPS SECKINGER   STORY 4: Duluth-based Company Named Atlanta Braves' Official Animal Health Partner The Atlanta Braves have teamed up with Boehringer Ingelheim Animal Health USA to promote pet health and adoptions during the current baseball season. Boehringer Ingelheim, based in Duluth, Georgia, is now the official animal health company partner of the Braves. The partnership aims to connect with the local community and improve animal wellbeing. Boehringer Ingelheim will engage in activities at Truist Park and The Battery Atlanta throughout the 2024 baseball season. Additionally, the partnership will support the Atlanta Braves Foundation's gameday pet adoptions, aligning with both organizations' values of community and excellence. STORY 5: Democrats in 13th Congressional District Race Will Participate in TV Debate The Atlanta Press Club will host a televised debate on April 28 for Democratic primary election candidates vying for Georgia's 13th Congressional District seat, currently held by U.S. Rep. David Scott. Daily Post reporter Curt Yeomans will be a panelist for the debate, to be held at Georgia Public Broadcasting in Atlanta. Livestreamed on Facebook and GPB.org at 11:15 a.m., the debate will air on Georgia Public Broadcasting at 4 p.m. on April 28 and on WABE at 5 p.m. on May 1. The debate will feature only Democratic candidates, excluding the two Republican contenders. The 13th District, including parts of Gwinnett County, shifted to the western side of the region after redistricting.   We'll be back in a moment   Break 3: INGLES 6 – SCANDRETT   STORY 6: Georgia Saw 3rd Biggest Increase in High-Intensity Tornadoes Over Last 20 Years Severe weather conditions, including tornadoes, pose significant threats to communities, with evidence suggesting that climate change may exacerbate their frequency and intensity. While tornado occurrences regularly exceed 1,000 annually in the U.S., the majority are considered light or moderate. However, high-intensity tornadoes (EF2+) are responsible for over 90% of tornado-related fatalities, injuries, and property damage despite their lower frequency. Geographical shifts in tornado occurrences over the past two decades have seen an increase in high-intensity tornadoes in the Southeast, particularly in states like Mississippi, Alabama, and Georgia, leading to substantial impacts on affected communities.   STORY 7: Brain breakthrough: Scientists can create brain cells that can communicate Scientists have made a breakthrough by creating brain cells in a dish and connecting them to mimic circuits found in our brains. This advancement sheds light on how our brains function and could aid in understanding and treating neurological and psychiatric disorders. Using a technique developed by researchers at the University of Tokyo, lab-grown brain-mimicking tissues, called neural organoids, were linked via axonal bundles, resembling connections in the human brain. This method allowed for the observation of complex network development and activity synchronization between organoids, resembling connections between brain regions. The study suggests that studying lab-grown human neural circuits could enhance our understanding of brain networks and potentially lead to improved treatments for various conditions.   We'll have final thoughts after this.   Break 4: GCPS JOBS Signoff – Thanks again for hanging out with us on today's Gwinnett Daily Post podcast. If you enjoy these shows, we encourage you to check out our other offerings, like the Cherokee Tribune Ledger Podcast, the Marietta Daily Journal, the Community Podcast for Rockdale Newton and Morgan Counties, or the Paulding County News Podcast. Read more about all our stories, and get other great content at Gwinnettdailypost.com. Did you know over 50% of Americans listen to podcasts weekly? Giving you important news about our community and telling great stories are what we do. Make sure you join us for our next episode and be sure to share this podcast on social media with your friends and family. Add us to your Alexa Flash Briefing or your Google Home Briefing and be sure to like, follow, and subscribe wherever you get your podcasts. Produced by the BG Podcast Network   Show Sponsors: www.ingles-markets.com  www.wagesfuneralhome.com  www.scandrett4sheriff.com www.gcpsk12.org/about-us/careers www.kiamallofga.com   #NewsPodcast #CurrentEvents #TopHeadlines #BreakingNews #PodcastDiscussion #PodcastNews #InDepthAnalysis #NewsAnalysis #PodcastTrending #WorldNews #LocalNews #GlobalNews #PodcastInsights #NewsBrief #PodcastUpdate #NewsRoundup #WeeklyNews #DailyNews #PodcastInterviews #HotTopics #PodcastOpinions #InvestigativeJournalism #BehindTheHeadlines #PodcastMedia #NewsStories #PodcastReports #JournalismMatters #PodcastPerspectives #NewsCommentary #PodcastListeners #NewsPodcastCommunity #NewsSource #PodcastCuration #WorldAffairs #PodcastUpdates #AudioNews #PodcastJournalism #EmergingStories #NewsFlash #PodcastConversationsSee omnystudio.com/listener for privacy information.

As Georgia's final legislative day on the calendar in 2024 - 'Sine Die' - came today, it's worth reviewing the bills jammed through both the Senate and House before the grande finale, so we'll eavesdrop on GPB's "Lawmakers" to get a feel for what's passing and what isn't. One I actually love - and spearheaded by a Republican I actually kinda like - provides renter protections & insists on livable standards for rented properties. Meanwhile, the oft-indicted, pornstar payer-offer, hot mic bragging sexual assaulter former President and current presumptive GOP presidential nominee is ... selling $60 Bibles. I've some (agnostic) thoughts, and Erick Erickson (a broke close correct occasionally) does, too. Also, the second high-ranking Georgia Repub in as many weeks is found guilty - this time Brian K. Pritchard, the former vice chair of the state party. His offense? Voter fraud. You can't make this stuff up!

En el decimocuarto episodio de la undécima sesión de ¿Quién Va? Judge Konnan, GPB y El Watcher continúan su "Multiplayer Co-Op Campaign" de "Baldur's Gate 3" jugando como Flint (Tempest Cleric), Bahamut (White Dragonborn Barbarian Outlander) y Marissé (High Half-Elf Warlock).  *Versión "Video Podcast" exclusiva de Spotify. ¡Síguenos y Suscríbete a nuestro canal de Twitch! Visita: https://www.twitch.tv/culturasecuencial ¡Subscríbete a nuestro canal de YouTube! Visita: https://www.youtube.com/culturasecuencial ¡Síguenos en Instagram! Visita: https://www.instagram.com/culturasecuencial ¡Síguenos en Facebook! Visita: https://www.facebook.com/CulturaSecuencial ¡Síguenos en Twitter! Visita: https://twitter.com/CultSecuencial ¡Apoya nuestro contenido uniéndote a nuestro Patreon! Visita: https://www.patreon.com/CulturaSecuencial ¡Apoya a William mientras le gana al cancer con tu donativo aquí: tinyurl.com/GoWillyGo ! --- Send in a voice message: https://podcasters.spotify.com/pod/show/culturasecuencial/message Support this podcast: https://podcasters.spotify.com/pod/show/culturasecuencial/support

En el decimotercer episodio de la undécima sesión de ¿Quién Va? Judge Konnan, GPB y El Watcher continúan su "Multiplayer Co-Op Campaign" de "Baldur's Gate 3" jugando como Flint (Tempest Cleric), Bahamut (White Dragonborn Barbarian Outlander) y Marissé (High Half-Elf Warlock).  *Versión "Video Podcast" exclusiva de Spotify. ¡Síguenos y Suscríbete a nuestro canal de Twitch! Visita: https://www.twitch.tv/culturasecuencial ¡Subscríbete a nuestro canal de YouTube! Visita: https://www.youtube.com/culturasecuencial ¡Síguenos en Instagram! Visita: https://www.instagram.com/culturasecuencial ¡Síguenos en Facebook! Visita: https://www.facebook.com/CulturaSecuencial ¡Síguenos en Twitter! Visita: https://twitter.com/CultSecuencial ¡Apoya nuestro contenido uniéndote a nuestro Patreon! Visita: https://www.patreon.com/CulturaSecuencial ¡Apoya a William mientras le gana al cancer con tu donativo aquí: tinyurl.com/GoWillyGo ! --- Send in a voice message: https://podcasters.spotify.com/pod/show/culturasecuencial/message Support this podcast: https://podcasters.spotify.com/pod/show/culturasecuencial/support

Join host David Zelski as he travels the state to bring you the personal stories from Georgia's farmers, fishermen, merchants, artisans, chefs, and others who help provide Georgia grown products to folks in the Peach State and beyond. You can also watch A Fork in the Road TV show on GPB TV and on demand at GPB.org as host David Zelski takes you across the state in a lively half hour program.

Thursday concluded 'crossover day' in the Georgia General Assembly, so I spent a little time reviewing what did and didn't float from one chamber to the other, & eavesdrop on some 'night of' interviews from GPB's "Lawmakers" for some insights from lawmakers beneath the gold dome. While listening in, it sounds like there's a realization from Georgia Senate Republicans that their new-fangled subpoena-powered committee will only be empowered to suggest new legislation in reaction to any findings vs having the power to remove a D.A. they don't care for. Also, hear Rep. Stacy Evans blister HB 1105 (the anti-immigrant legislation hastily concocted in recent days. She rightly points out that the thin veil over this bill doesn't hide the fact that women's safety is never a priority when it comes to enacting common-sense gun bills into law. Jeff Graham, executive director at Georgia Equality, joined me to discuss the very real possibility that SB180 - the Religious Freedom Restoration Act - could become law, enshrining bigotry shrouded in "religious rights." We discuss the other wins and losses his organization and its allies racked up this session so far.

En el duodécimo episodio de la undécima sesión de ¿Quién Va? Judge Konnan, GPB y El Watcher continúan su "Multiplayer Co-Op Campaign" de "Baldur's Gate 3" jugando como Flint (Tempest Cleric), Bahamut (White Dragonborn Barbarian Outlander) y Marissé (High Half-Elf Warlock).  *Versión "Video Podcast" exclusiva de Spotify. ¡Síguenos y Suscríbete a nuestro canal de Twitch! Visita: https://www.twitch.tv/culturasecuencial ¡Subscríbete a nuestro canal de YouTube! Visita: https://www.youtube.com/culturasecuencial ¡Síguenos en Instagram! Visita: https://www.instagram.com/culturasecuencial ¡Síguenos en Facebook! Visita: https://www.facebook.com/CulturaSecuencial ¡Síguenos en Twitter! Visita: https://twitter.com/CultSecuencial ¡Apoya nuestro contenido uniéndote a nuestro Patreon! Visita: https://www.patreon.com/CulturaSecuencial ¡Apoya a William mientras le gana al cancer con tu donativo aquí: tinyurl.com/GoWillyGo ! --- Send in a voice message: https://podcasters.spotify.com/pod/show/culturasecuencial/message Support this podcast: https://podcasters.spotify.com/pod/show/culturasecuencial/support

En el undécimo episodio de la undécima sesión de ¿Quién Va? Judge Konnan, GPB y El Watcher continúan su "Multiplayer Co-Op Campaign" de "Baldur's Gate 3" jugando como Flint (Tempest Cleric), Bahamut (White Dragonborn Barbarian Outlander) y Marissé (High Half-Elf Warlock).  *Versión "Video Podcast" exclusiva de Spotify. ¡Síguenos y Suscríbete a nuestro canal de Twitch! Visita: https://www.twitch.tv/culturasecuencial ¡Subscríbete a nuestro canal de YouTube! Visita: https://www.youtube.com/culturasecuencial ¡Síguenos en Instagram! Visita: https://www.instagram.com/culturasecuencial ¡Síguenos en Facebook! Visita: https://www.facebook.com/CulturaSecuencial ¡Síguenos en Twitter! Visita: https://twitter.com/CultSecuencial ¡Apoya nuestro contenido uniéndote a nuestro Patreon! Visita: https://www.patreon.com/CulturaSecuencial ¡Apoya a William mientras le gana al cancer con tu donativo aquí: tinyurl.com/GoWillyGo ! --- Send in a voice message: https://podcasters.spotify.com/pod/show/culturasecuencial/message Support this podcast: https://podcasters.spotify.com/pod/show/culturasecuencial/support

En el décimo episodio de la undécima sesión de ¿Quién Va? Judge Konnan, GPB y El Watcher continúan su "Multiplayer Co-Op Campaign" de "Baldur's Gate 3" jugando como Flint (Tempest Cleric), Bahamut (White Dragonborn Barbarian Outlander) y Marissé (High Half-Elf Warlock). *Versión "Video Podcast" exclusiva de Spotify. ¡Síguenos y Suscríbete a nuestro canal de Twitch! Visita: https://www.twitch.tv/culturasecuencial ¡Subscríbete a nuestro canal de YouTube! Visita: https://www.youtube.com/culturasecuencial ¡Síguenos en Instagram! Visita: https://www.instagram.com/culturasecuencial ¡Síguenos en Facebook! Visita: https://www.facebook.com/CulturaSecuencial ¡Síguenos en Twitter! Visita: https://twitter.com/CultSecuencial ¡Apoya nuestro contenido uniéndote a nuestro Patreon! Visita: https://www.patreon.com/CulturaSecuencial ¡Apoya a William mientras le gana al cancer con tu donativo aquí: tinyurl.com/GoWillyGo ! --- Send in a voice message: https://podcasters.spotify.com/pod/show/culturasecuencial/message Support this podcast: https://podcasters.spotify.com/pod/show/culturasecuencial/support

In the almost year since we last talked with Eddie 9V, he has toured all over Europe, gotten married on top of a mountain in Greece, written a new album, and played on legendary stages here in the US, including The Tabernacle in Atlanta. He stopped by the GPB studios to catch us up on his exciting 2023, share some laughs, and play some of his new music. Peach Jam Podcast features stories and songs recorded live in our GPB studios from a variety of incredibly talented and diverse bands and artists who call the Peach State home.

Most Sunday mornings you'll find Lloyd Buchanan playing the organ at Revelation Missionary Baptist Church in Columbus, GA. And during the week, you will find Lloyd working with some of the biggest names in the music business. He is the in-demand rock and roll organist. Lloyd Buchanan's music is Blues, Gospel/Devotional/Spiritual, Jazz, Pop, R&B/Soul, Rock...he can do it all.  Peach Jam Podcast features stories and songs recorded live in our GPB studios from a variety of incredibly talented and diverse bands and artists who call the Peach State home.

In the 5th hour of today's Dukes and Bell, we play a snippet from GPB's Jeff Hullinger and Arthur Blank, as Mr. Blank is non-committal about the futures of Desmond Ridder and Arthur Smith until he sees these next 3 weeks. 

IVEEN is the award-winning, one-woman band from Smyrna, Ga., who plays ethereal Celtic folk-pop. That is not a sentence you read every day, but this is not the type of music you hear every day. In this episode, you'll learn the importance of family heritage, hard work, and following your dreams.   Peach Jam Podcast features stories and songs recorded live in our GPB studios from a variety of incredibly talented and diverse bands and artists who call the Peach State home.

Rex Evans was born with music in his blood. Raised by an award-winning musician mother, Rex was exposed to the scene at an early age. But, he was reluctant to start his own musical journey until recently.  Peach Jam Podcast features stories and songs recorded live in our GPB studios from a variety of incredibly talented and diverse bands and artists who call the Peach State home.

Irish folk punk rock in Atlanta? The Muckers join the Peach Jam Podcast to shed light on a music scene that is bigger than you expect it to be. Plus, learn about their wild St. Patrick's Day itineraries and what it is like for them to play DragonCon.  Peach Jam Podcast features stories and songs recorded live in our GPB studios from a variety of incredibly talented and diverse bands and artists who call the Peach State home.

Savannah is Georgia's first city and one of America's most haunted. If you visit Savannah's historic district and stroll the city squares, at some point, you are walking on the dead. Victims of war, yellow fever epidemics, fires, murder and enslavement who died during turbulent times in the city. Savannah is a city that lives upon the dead and some continue to make their presence known.   Want more Southern Mysteries?  Hear the Southern Mysteries show archive of 60+ episodes along with Patron exclusive podcast, Audacious: Tales of American Crime and more when you become a patron of the show. You can immediately access exclusive content now at patreon.com/southernmysteries   Connect Website: southernmysteries.com Facebook: Southern Mysteries Podcast Twitter: @southernpod_ Instagram: @shannonballard_ Email: southernmysteriespodcast@gmail.com    Episode Sources “432 Abercorn Street: Haunted Mansion Or Just a Rumor Mill?”, The Savannah First-Timer's Guide. (Viewed October 3, 2023) “Savannah Child Killed by Marble Table Top”, The Atlanta Constitution, December 3, 1933. (Viewed October 2, 2023) “Man Is Injured in 14-Ft Fall”, The Macon Telegraph, December 13, 1933. (Viewed October 2, 2023) “Grand Jury to Probe Wesley Espy's Death”, The Atlanta Constitution, January 31, 1934. (Viewed October 2, 2023) “Carl Espy Sr”, Abbeville Herald, February 15, 1951. (Viewed October 2, 2023) “Why is Savannah one of America's Most Haunted Cities?“, Savannah.com. (Viewed October 2, 2023) “New report takes a fresh look at Savannah's role in the history of American slavery”, GPB.org, October 25, 2022. (Viewed October 10, 2023) “Beneath the Surface”, Savannah Magazine, May 15, 2017. (Viewed October 9, 2023) “Why was Nathanael Greene's skeleton kept in a bank vault?”, The Augusta Chronicle, August 1, 2022. (Viewed October 9, 2023) “Haunted Crime Scenes: Savannah's 'Most Haunted' House”, True Crime Library, 2007. (Viewed October 3, 2023) “Died in the West”, The Atlanta Constitution, February 16, 1896. (Viewed October 7, 2023). Episode Music Theme Song “Dark & Troubled” by Pantherburn. Special thanks to Phillip St Ours for permission for use. Dark Times by Kevin MacLeod. Licensed under Creative Commons.

We discuss the latest developments in the Fulton County DA indictments. Political reporter Patricia Murphy from the AJC joins to talk about everything #GaPol, guns, the governor's race and Gavin Newsom in Georgia. Side note, congratulations to Jeff Hullinger who just got a job at GPB after he was our rave of the week!  See omnystudio.com/listener for privacy information.

In this podcast episode, Keith Weinhold and Kirk Chisholm discuss the differences between real estate and stock investing. Kirk Chisholm is the Principal of Innovative Advisory Group. He provides his perspective as a wealth manager, emphasizing the control and lower risk offered by alternative assets like real estate.  Learn the difference between risk and volatility. We discuss risk-adjusted returns, liquidity, and the importance of understanding and managing risk. The conversation also covers cash flow, dividends, big tech stocks, and private mortgages. Interest rates and inflation—we discuss their future. Kirk believes rates will stay at this higher rate for a long time. Timestamps: The Paradigm Shift in Interest Rates and Inflation [00:00:01] Discussion on the new paradigm of interest rates and inflation and how it affects real estate and stock investors. The Impact of Front Porches on Society [00:01:35] Exploration of the impact of the disappearance of front porches on neighborhoods and communities. The Definition and Management of Risk in Investments [00:05:50] Explanation of how risk is defined and managed in different types of investments, including stocks, real estate, and alternative assets. The difference between volatility and risk [00:10:21] Explanation of the temporary price movements (volatility) and permanent impairment of capital (risk) in different investment assets. The illiquidity of real estate and non-traded REITs [00:13:11] Discussion on the illiquidity of real estate compared to publicly traded markets and the example of non-traded REITs during the 2008 financial crisis. Importance of cash flow and dividends in stock investments [00:15:26] Exploration of the two camps in stock investing: cash flow-driven investors and appreciation-driven investors, and the significance of dividends and cash flow in stock investments. Dividend Stocks and Value Stocks [00:20:17] Explanation of the difference between growth stocks and value stocks, with a focus on dividend-paying stocks. Private Mortgages and Cash Flow [00:21:12] Discussion on the benefits of investing in private mortgages and how it provides a passive income stream. Default Rates on Hard Money Loans [00:25:48] Exploration of the default rates on hard money loans and the industry's approach to mitigating risks for both borrowers and lenders. The new paradigm of interest rates and inflation [00:31:32] Kirk Chisholm discusses the shift in the economic paradigm from low interest rates and inflation to higher rates and a shrinking economy. The impact of higher rates on mortgages and real estate [00:35:39] Kirk explains how higher interest rates affect mortgage payments and housing affordability, leading to a decline in house prices. The consequences of higher rates on corporate America [00:37:48] Kirk discusses how higher rates can impact corporations, particularly those with short-term debt, potentially leading to bankruptcies and market clean-up. Higher rates and recession correlation [00:39:55] Discussion on the correlation between recessions and lowering of interest rates, and why it may not happen in the future due to high inflation. Fed's focus on stable prices [00:42:48] The Federal Reserve's prioritization of stable prices over high employment, within their dual mandate. Interest rates and the economy [00:44:10] The potential impact of higher interest rates on the economy, with a discussion on when the next recession may occur. Resources mentioned: Show Notes: www.GetRichEducation.com/460 Innovative Advisory Group: www.InnovativeWealth.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Find cash-flowing Jacksonville property at: www.JWBrealestate.com/GRE Invest with Freedom Family Investments. You get paid first: Text ‘FAMILY' to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  Top Properties & Providers: GREmarketplace.com GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold   Complete episode transcript:   Keith Weinhold (00:00:01) - Welcome to. I'm your host, Keith White. As a real estate investor, you are highly cognizant of your cash flows to stock investors. Even think about that and how we've now entered a completely new paradigm of interest rates and inflation and how to respond today on Get Rich Education with real estate capital Jacksonville. Real estate has outperformed the stock market by 44% over the last 20 years. It's proven to be a more stable asset, especially during recessions. Their vertically integrated strategy has led to 79% more home price appreciation compared to the average Jacksonville investor since 2013. GPB is ready to help your money make money and to make it easy for everyday investors. Get started at GWB Real estate. Agree that's GWB Real estate. Agree.   Speaker 2 (00:00:59) - You're listening to the show that has created more financial freedom than nearly any show in the world. This is Get rich education.   Keith Weinhold (00:01:22) - What category? From Bogota, Colombia, to Wichita, Kansas, and across 188 nations worldwide. You are back in that abundantly minded place where financially free beats debt free.   Keith Weinhold (00:01:35) - And by now you might have already won the inflation Triple Crown. I'm your host, Keith Wild. Hey, Noah, is this a real estate problem? Philip Gulley, the author of Porch Talk. He said, I believe all that is wrong with the world can be attributed to the shortage of front porches and the talks we had on them. Somewhere around 1950, builders left off the front porch to save money, and we've had nothing but problems ever since. That's just the sort of thing that I think about now as you and I are enjoying the dog days of summer, as I trust that you are, you know, neighborhoods, property, it all used to be more wide open. The Pennsylvania house that I grew up in and that my parents still live in, it has a real front porch. And no one I mean, nobody has fences around their yard either. It is a real lemonade sipping chat with the neighbors vibe there that, well, seems to be more and more of a remnant of yesteryear.   Keith Weinhold (00:02:44) - I mean, gosh, from what I can see, there are more and more gated communities. Uh, people tend to get more concerned about security and that often means that they trade away freedom. Hey, well, our guest on the show today, he hits differently. And you're going to feel that because he's the principal of a firm that helps investors with stocks, bonds and mutual funds, as well as real estate investing. And it's not just REITs, real estate investment trusts, but more than that. And, you know, whenever he and I talk, we tend to get each other thinking in different ways, in shape, each other's opinions somewhat, as you'll probably see again today. He and I disagree on some things and we agree on others. I'm going to ask him about whether or not stock investors even care about cash flow. We'll be sure to get his insights on the direction of interest rates and inflation and more. Well, I'd like to welcome in our guest today he runs innovative wealth.com he's the principle and a wealth manager there at innovative advisory group.   Keith Weinhold (00:03:54) - They're based in Massachusetts but they advise well beyond any state borders. Hey it's been a few years. It's great to have you back. Kirk Chisholm Thanks for inviting me back. Keith. I was a little worried there didn't appear well in your show, but thanks for having me back. Yeah, well, it's been absolutely too long, and I really appreciate your perspective because they're with what you do. You're principal of a company that helps people invest in a big, wide palette of things, from stocks to private mortgages and some things with real estate and elsewhere. So you have this really broad view. So tell us what percentage of your business is is stocks, bonds and their derivative products like ETFs and mutual funds versus everything else? It's interesting because my industry is primarily focused on stocks, bonds and mutual funds. It always has been, probably always will be, in large part because they're easy to sell, They're publicly available information and everyone is can simply just click a button and get it done. So my industry tends to work towards lazy solutions or simple solutions.   Keith Weinhold (00:05:00) - Nothing wrong with that. You just have to know with what you're getting. It's funny, when we started our firm in 2008, we were doing a lot of private mortgages and we talked to the regulators at the time and they said, Oh, well, what percentage of your accounts in alternatives? Because we told them we did alternatives like what percentage of your accounts? And we said, Yeah, somewhere like 40 to 50%. You know, it probably ranges between 40 and 60. You could hear a pin drop in that room. I did pick the lady's mouth off the floor like she couldn't believe that. How quote unquote, risky that is. And she said the first question, she's like, are you serious? Isn't that really risky? And I started laughing and I said, risky? You mean like Worldcom, Enron, AIG, Tyco, You know, like Lehman Brothers, Bear Stearns? They just kept going on and on. She's like, all right, I get the point. And we had to define the concept of risk.   Keith Weinhold (00:05:50) - This is the part that your audience will appreciate, right? If you're investing in a company, it's been screened by the SEC. It's passed certain muster. It's SEC doesn't endorse it, but it's passed certain muster. You say, all right, I feel comfortable that this company's met the minimum criteria. That's not always the case. Right. Companies go bankrupt all the time. And we actually have a spike in bankruptcies most recently because of the economy. But if you look at piece of real estate, I can go walk up and touch it. I can go to the Registry of Deeds and see that I own it. I can talk to the maintenance guy or the property manager and see what's going on and have influence on it. I would say if you know what you're doing, there's a lot less risk. And I would say if you own a piece of gold, what's your risk? I could lose it. Somebody could steal it. The government confiscates it. That's pretty much it, right? It's not going to zero.   Keith Weinhold (00:06:37) - It's not going to the moon. It's just a rock. The way you define risk is really something that a lot of people don't spend time with is managing that risk. So a lot of what we've done is we've looked at it from a different perspective. What is the best investment given the criteria that we have, the markets we're in and the risk available? You know, what is going to do the best considering the risk as an example, Bitcoin or Ethereum or any sort of cryptocurrency, the risk is it could go to zero, right? It's not going to go below zero risk as you lose all your money or you might make 10 or 20 times your money, right? That is also possible. Both scenarios are probably on the extreme ends of probable, but either way, like you have to account for both scenarios and say is it worth it going to zero for me to make X amount of return? If the answer is yes, then it makes sense. If the answer is no, then don't invest in it or invest in a lot less of it.   Keith Weinhold (00:07:31) - So that's kind of how we look at risk and that's why we look across the board for alternative assets. We're very agnostic about the assets because it really just comes down to, is it a good investment or not? That's really the criteria we look at. Risk is what goes beyond the edge of your understanding. Think that's what applies to that conversation that you had that you brought up there earlier. Right. It's largely about one's risk adjusted return. You talk about with real estate how you have more control over an investment because you can get in there and understand it and change the operations of it in order to drive a return. And then stocks have this very efficient market where it's quick and easy to get in and out and things are more liquid. This very efficient market with real estate, there really isn't any app you can go on and be like, Oh, okay, well my duplex was up 3/10 of 1% this past week. That doesn't happen. That's part of the inherent inefficiencies with direct ownership of real estate, of course.   Keith Weinhold (00:08:32) - I would argue the point of efficient markets, the stock market is is not efficient, despite what the academics will tell you. It is more liquid. I would argue that real estate is illiquid, which is good and bad, right? If you need to sell, it's bad. If you're looking to buy and you don't need to buy, it could be really good. Stock market is very different in that it's claimed to be efficiently priced with all the known information at the given time. And the price is the price. And what I would argue is that's an interesting philosophical standpoint, but it's inaccurate, right? Because if all the information was known, then we wouldn't have volatility. But we do have volatility and the stock market is a forward pricing discount mechanism, right? So you look out six months and say, what's the market going to do? That's where the stock prices are six months from now, not today, six months from now. So whatever the market thinks is happening, they think it's going to happen then.   Keith Weinhold (00:09:26) - So if you look at interest rates, which I'm sure we'll get to, they're looking out six months and for the last two years I've noticed on the expectation of the yield curve, it's that, oh, rates are going to drop in the next 3 to 6 months and in 3 to 6 months it's going to drop in 3 to 6 months. Over and over, it keeps pricing out well, another 3 or 6 months. And I think that the market doesn't really look beyond that because it's really hard to predict. First of all, you can't predict the future anyway, but if you're probabilistically, going to try beyond six months is really hard because there's so many things that got to happen that changed the dynamics significantly. Talk about efficiency with stocks. I'm talking about how stocks are efficient and easy to liquidate. It's pretty easy to sell. And then over here in real estate investing, there is no panic selling because it takes quite a while to buy into sell. Therefore, that's some of the inefficiency of real estate compared to stocks.   Keith Weinhold (00:10:21) - We look at that through a liquidity perspective, right? So liquidity can be a good thing or a bad thing because when there's panic, selling, liquidity can lead to greater volatility like we see in stock. Yeah. And I want to point out two things here. So first is there's a difference between volatility and risk. And I think it's really important for people to understand the difference. So volatility is temporary price movements. It's how much the price fluctuates in any given day. Real estate investors don't see this right, But stock investors, Microsoft is up 5% yesterday. Nvidia's up like whatever, 70% of the day or whatever it was, 30 some odd percent in a day. That's volatility, right? You look at stock prices drop 30 plus percent in a short period of time. Technically, that should have been risk because the whole global economy shut down. But it turned into volatility because it went down and it came back up, actually exceeded the price of the start of Covid by the end of the year, which is insane to think about.   Keith Weinhold (00:11:20) - The whole world shut down. People are locked in their houses and yet the stock market is up. That is what I would consider volatility. Now, risk is what I would call a permanent impairment of capital. Now what that means is you buy a Beanie Baby at $100 because you think it's going to be worth a lot more. And then all of a sudden the Beanie Baby bubble crashes and never recovers and it turns into a $100 Beanie Baby into like a dollar. That's a permanent impairment of capital. That is a risk that you're not going to ever get your money back. You buy a I hate to swear on your show, but a beep coin that make up most of the cryptocurrency coins out there. They could all go to zero. I mean, you look at drawing a blank on the one with that. Elon Musk supports the dog dogecoin. Yeah, they claim this zero. It's a socially supported currency, but it doesn't have any value and they all admit it doesn't have any value. It's virtually worthless except for what people are willing to pay for it.   Keith Weinhold (00:12:15) - That has the potential to have risk in it because it could go to zero. But if I'm investing in GE, Microsoft, Apple, Johnson, Johnson, whatever, these companies that produce cash flow, they're solid companies with a long, long track record, they could certainly go to zero, no question. But typically the movements in price are volatility. Risk is when the chairman goes off, steals all the money and moves off to some island and people are left holding the bag saying, what's going on? You know, you look at AIG, Lehman Brothers, Bear Stearns, all those companies that basically made bad decisions, that is risk. That is not volatility. So it's important to understand the differences between the two, because if you don't, most people think of I am managing risk, I'm diversifying. No, you're managing volatility. Managing risk is completely different and you have to use different tools for that. Most people don't manage risk, they manage volatility. The other point I want to make is you mentioned the illiquidity of real estate.   Keith Weinhold (00:13:11) - And I want to point out an example which is kind of bordering the owning your own real estate versus, let's say, a REIT. I remember back in 2008, nine and ten when people were jumping out of the windows because they couldn't get rid of their illiquid non traded REITs. And I'm not a supporter of that of non-trade REITs or people jumping out of Windows. But in general, the non traded REITs market was interesting because technically they said you'd have quarterly liquidity, you could get a quarterly and normal times. That was true. They would just cash you out if you need money. However, when everyone's running for the door at the same time, they can't cash everybody out because they can't sell the property. So what do they do? They lock the doors, locked everybody in to burn alive. Well, the price went from, let's say, hypothetically, $100 down to $10 and people wanted out at any price. It didn't matter. They needed out. They need liquidity. Whatever it was, there were actually markets around.   Keith Weinhold (00:14:03) - You could buy people's shares of these non traded reach for like $0.10 in the dollar and people were willing to pay to discount 90% of the investment where you could have just walked in and purchased it and waited another five, seven years and you could have made 100 cents in the dollar. It's crazy. But that's one of the nice parts about real estate. And I'm using a security as an example because you can do that in real estate. But when you have the publicly traded markets, that doesn't necessarily happen, but it can happen in certain periods of time when the markets are completely irrational and everybody thinks the world is ending. Sure, that's a be greedy when other people are fearful, sort of seeing their I know their IT innovative advisory group. Since you do have this wide palette of offerings, you kind of have this broader view of things. I'm wondering, Kirk, a lot of people in that stock world, many of them concerned with cash flow or it might be dividend there, or are they even as interested in cash flow there with the kind of stock and mutual fund investments as they are over here in the real estate world where we're quite interested in cash flow? And then do they even take the dividends or do they just reinvest them, which is called a drip program dividend reinvestment program? How important is that to investors on the stock side? It's a good question.   Keith Weinhold (00:15:26) - So what tends to happen is people kind of fall into two camps, much like the real estate camp. Some people fall into the. Cash flow camp. Which is your camp? Which is my opinion. I think that's the best way to invest is cash flow appreciation. You're just taking a guess. But there are good amount of people that are appreciation driven. They don't look at cash, so they're happy to make zero cash flow for the expectation They're going to make lots of money and appreciation and look at them like, What are you thinking? Like, what if the cash flow declines? You're going to support the negative cash. Why do you own it? It's silly, but some people think that way. They think, Let's go for the appreciation. Let's roll the dice. Let's go. No whammies, you know? And what ends up happening is these people make mistakes because the real estate market, this usually happens at closer to the tops and people make bad decisions and they realize, oh, crap, I can't make this work.   Keith Weinhold (00:16:16) - I was trying to Airbnb this with a two cap, this not working. So now I need to sell this thing or I'm going to lose my shirt. I had these conversations all the time. So using that as an example, because that's where your audience will understand dividend investors the same. So a lot of people, when they're investing in stocks, they're looking at stocks as a way to make money. Most people want total growth, which really means in their mind, appreciation. What are the stock market do this week? What did it do this quarter? That's all people want to know. Well, what about the dividends? Well, actually, there was a time 40, 50 years ago when dividends mattered, you could get six, seven, eight, 9% dividends. Now, that's absurd to think about that. The only stocks that pay dividends of that nature are stocks that are highly speculative or the dividend is highly speculative. Market typically looks at dividends and if they don't trust the dividend will continue to get paid.   Keith Weinhold (00:17:08) - They'll actually discount the stock, which will make the dividend look real attractive. It'll suck people in to buy it and then they'll slash the dividend back to a rate that's normal. So people looking at dividend stocks, be careful because we're not in that environment where dividend stocks are all that attractive. If I can get a 5% close to zero risk US Treasury bond and I can compare that to a 2% dividend stock, I'll take the Treasury all day because it's close to guaranteed dividend stock. Maybe it goes up, maybe it goes down, who knows? But, you know, ultimately you're trying to solve a problem. The big challenge we have now, is any of this sustainable? Are the cash flows sustainable? Good value? Investors should be looking at cash flows. They should be looking at metrics and trying to find stocks that are at a good price that will pay them a handsome return over time. And the problem is, is we don't live in that environment much like the real estate market. It gets overheated because too many people are chasing too few properties and virtually everyone was putting all their money into 5 to 7 stocks on the Fantastic Seven or the Faang stocks or whatever you want to call it These days.   Keith Weinhold (00:18:18) - That name changes all the time. But the point is, you've got big tech that's driving most of the return this year. Think big tech made up 2,530% of the S&P 500 500 stocks. You have five stocks making up 25 to 30% of the index by size. And by return, it made up think the S&P was up 15%. And these 5 or 7 stocks made up 13% of that 15. Really crazy, crazy to think about. Right. But that's what people look at is the index. And the index is not necessarily accurate, but that's what people look at. So you have to gauge it by that. Most of the marketplace is chasing these appreciation returns. And like you have with real estate, you get the good with the bad, you chase appreciation. You can win or lose. I don't know where the future is going to be, but I know that if I'm chasing cash flow, I'm pretty certain I know where that's going. But if I'm investing in a tech stock that has negative cash flow, I have no idea where that's going.   Keith Weinhold (00:19:19) - Right. Could go up, could go down, who knows? But I look for stocks with good cash flow. I think if you're going to invest well, you want to find a legacy stock that you feel comfortable owning forever. Now, when it comes back to the Fang acronym, I tend to think Nvidia should be replacing Netflix in the Fang acronym about this time. But dropping back earlier when we were talking about dividends, I don't track this very closely, but last I checked, probably last year it seemed like the average dividend paying stock in the S&P 500 was something like 2%. Is that still about right? I think it's actually a little bit lower. I haven't looked at it in the last few weeks because it's gotten so low, it's almost not even worth looking at. I think last year was 1.77. As of right now, it's 1.47 on the S&P 500, 1.5%, which is insanely low for real estate investors. I think of the dividend yield in stocks as being synonymous with the cash on cash return in real estate.   Keith Weinhold (00:20:17) - But you said something earlier about dividends, Kirk, that I actually thought was the opposite way. I thought that dividend paying stocks tended to be kind of those older, stodgy or staid, like a utility company rather than a younger tech. Company. Yes, that is accurate. Yes, Most of the dividend stocks are what we would consider value stocks. So the terms growth, stock and value stock are actually don't mean anything. They're what everyone wants it to mean. What they tend to mean is growth Stocks tend to be stocks that are focused on appreciation. Value stocks are typically focused on cash flows or their stocks that are discounted, and you can buy them for good cash flow. But if you look at a stock like Microsoft, I mean, you got the dividend yield is about 75 basis points, 76 basis points as of today. So you're getting less than 1%. But Microsoft's one of the the Fang stocks, right, or Fang, whatever they're calling it now, they come up with a new acronym.   Keith Weinhold (00:21:12) - But some of these big tech Apple's fang of dividend so some of the big tech actually are paying dividends. Now what we're talking about, the production of cash flow or income from both stocks and real estate here. And one thing that I know you do in there and that you help investors with is private mortgages in producing an income stream that way. Can you tell us more about that? Is that where you have clients where you connect them with ways to make hard money, loans to real estate investors, for example? As we talk about here, I'm a big fan of cash flows and I have a few favorite asset classes and they're not the stock market, right? I love real estate. I love tax liens. Tax lien is by far my favorite. If you can get them the right way and the right price, which you can't, but if you could, that's one of my favorites for many reasons, but one of the ones that we do a lot of are hard money loans or private mortgages.   Keith Weinhold (00:22:05) - The reason I love it is because they're simple. If you're investing in real estate, it's not passive income. It's a business. You have to manage the business. You have a property manager, you've got tenants, you've got expenses, you've got taxes. All this stuff you have to deal with, which is fine. There's nothing wrong with that. But when people invest passively, it's not passive, right? It's active. It just happens to be a different business than one that you're selling widgets out of the corner store. If you're investing in private mortgages, you have to do your due diligence up front. But once you invest in it, you're done until you get paid back. It's like any sort of fixed income. It's a bond. It's fixed income is how I look at it now. For the past ten plus years, you couldn't get any rates on bonds, your fixed income, part of your portfolio, your treasuries, your corporate bonds, whatever you're buying, you're getting close to zero.   Keith Weinhold (00:22:54) - And there was a lot of risk. So we substituted these for our fixed income and you're getting 10 to 15% over the last ten years where the common rates and I like them because you're getting access to real estate. So real estate is backing the note. So it's a mortgage, right? So you're lending somebody else money at, let's say, 12% and they're going to pay you that 12% and give your money back at the end. And if they don't, you get their property. Now, personally, I don't want their property is too much headache because when I got to do foreclosure and go through all that, that's not the point. Some people do. Some people invest in hard money with the assumption they're going to own that property. And it's a great acquisition strategy. If you're so inclined. It's not you know, I have clients. I can't have that kind of business model. It's just too much of a headache for everybody. So we want people that are going to pay and pay on time and people are going to continually come back and I can work with versus having the lender investor that actually helps the borrower default so that they can get the property correct, which like I said, is a great investment strategy.   Keith Weinhold (00:23:55) - It's just not our investment strategy. And I think just like real estate, you can buy foreclosures, you can buy off MLS, you can build. There's so many different things you can do. Same thing with notes with paper. Paper is a great asset class if you know what you're doing. The challenge with private mortgages, hard money now is because everything is so expensive that these investors, these fixed and flippers investors would have. You can't make money. And I know there are people out there that are doing it. So it's not that it's not happening, but anybody I know that's really good at fixing flip or rehabs or things like that in my area, not speaking for every part of the country in Miami, in the Boston area, they're not doing deals because they can't make money. There's no margin of error. If they were to compete and win the deal and they make a mistake, they're going to lose money. They don't want to lose money. So they need to have a big enough margin cushion so that they make a mistake.   Keith Weinhold (00:24:49) - They're still making money. So these people we work with, they're not doing deals because there are no deals to find. So that means there are fewer mortgages times like 2008, nine and ten, we didn't have enough client cash to put to work. Like we had so many notes coming at us we didn't have enough cash to find. Now it's the reverse. There's plenty of cash chasing them and there's not enough notes out there. And a lot of the notes are poor quality because the risk is too high. We want easy. We want somebody paying on time, we want our money back and then go on and do it again. So I love them for cash flow. It's simple and easy and it solves a lot of problems. So this is interesting. If you as a real estate investor have ever taken a hard money loan, you might wonder who the lender is on the other side of that. And that might be someone like Kirk's clients in there where he is. Kirk. Can you tell us more about the default rates on the hard money loans lately? How often do they not get paid back and do they go into default? Yeah, that's a good question.   Keith Weinhold (00:25:48) - So I don't know the industry rates. So we work with a handful of people and that's all we work with, so we know the rates for them. I'll tell you about ours and I'll tell you about the industry a little bit more. So for us, we've done hundreds and hundreds of these things and I would say less than 1% of them have had issue. So we are truly not looking for rates of default. A tornado tore through the neighborhood and tore off the roof. That's an issue. That's not something I can deal with. Right. Guy you're working with dies. It's an issue you got to deal with, right? Like this isn't somebody making a bad deal or run away with the money. This is stuff that you can't predict and is inevitably going to happen in one way, shape or form. So we mitigate the risk as much as possible, but our rates of default or I would say not even default, but just having issue with the loan because most of the stuff it's, you know, maybe discount if you have a something like that, maybe it's your discounting the interest instead of getting the full interest, maybe get partial interest or even no interest, get your money back.   Keith Weinhold (00:26:44) - Like for us, it's like, how do you handle a default is really important because the borrower, there's some risk there, but then there's the lender, there's some risk there. So you have to find a balance that makes everybody happy so that, you know, the borrower is not taking it on the chin because then they're not going to come back. But it's not all in the lender either. So you have to find a balance and work with people. Much like with real estate, you know, you get a bad tenant, so you try to work with them so you still get paid. It's the same kind of thing. But if you look at the industry, the industry is interesting. So I interview a lot of hard money lenders on my show over the years and fascinated to hear what they say and some of the people who do the most or they're in charge of marketplaces of these notes. What they've been telling me for the last few years is think about this way. A lot of these things come from developers or fixing flippers.   Keith Weinhold (00:27:31) - They get their properties out of foreclosure, they get it out of sheriff's sale, they get out of fire or estate sales like these things where they're highly discounted. So during Covid, the courts were shut down for a year and a half. You couldn't get these properties if you were foreclosed on, you couldn't get foreclosed on for two years because the courts weren't open. And when they did open, there was such a backlog of other stuff that was more important than that. They were dealing with like murderers and whatever, rapists, people that actually need to go to jail. And they're not dealing with foreclosures to the same extent. So the courts are backed up for a long period of time. And so when they finally opened up, you start to see a trickle through. You're starting to see more now. But that was a big challenge to the market. So what I've been hearing for the people who are really deep in this market and they see everybody across the board, across the country is they've all said that there's a tidal wave coming.   Keith Weinhold (00:28:24) - And a lot of the problem is, is there are a lot of bad notes out there. So there are people who basically created these notes, right? So they underwrote the notes. They they lent money to somebody with bad terms or is a bad loan like the person should have borrowed or whatever it is, they're still paying. But you see, the quality of the paper is really bad. And what's going to happen is if you see a hiccup in the real estate market, then you're going to see this paper flush through the system because all of a sudden this deal that was marginal is now a bad deal and it flushes through either people default or they sell or whatever. And that stuff has to flush through the system until it does, the market's not going to be efficient. Everyone is waiting around saying, I know there's bad paper out there. I'm trying to find good stuff and it's harder to find, but it's not from a lack of paper, it's from a lack of quality paper. And this happens every real estate cycle.   Keith Weinhold (00:29:19) - Having 2008, nine, ten flushes out the bad people, buy the paper at a discount. You're listening to Get Rejection. We're talking with innovative welcomes Principal Kirk Chisholm when we come back, including his take on where we're going with interest rates and inflation. I'm your host, Keith Lindholm. You know, I'll just tell you, for the most passive part of my real estate investing personally, I put my own dollars with Freedom family Investments because their funds pay me a stream of regular cash flow in. Returns are better than a bank savings account up to 12%. Their minimums are as low as 25 K. You don't even need to be accredited. For some of them. It's all backed by real estate. And I kind of love how the tax benefit of doing this can offset capital gains in your W-2, jobs, income. And they've always given me exactly their stated return paid on time. So it's steady income, no surprises while I'm sleeping or just doing the things I love. For a little insider tip, I've invested in their power fund to get going on that text family to 668660.   Keith Weinhold (00:30:30) - And this isn't a solicitation If you want to invest where I do, just go ahead and text family to six six, 866. Jerry listeners can't stop talking about their service from Ridge Lending Group and MLS 42056. They've provided our tribe with more loans than anyone. They're truly a top lender for beginners and veterans. It's where I go to get my own loans for single family rental property up to four Plex's So start your prequalification and you can chat with President Charlie Ridge personally, though, even deliver your custom plan for growing your real estate portfolio. Start at Ridge Lending Group.   Speaker 3 (00:31:16) - This is author Jim Rickards. Listen to Get Rich Education with Keith Reinhold and Don't Quit Your Day Dream.   Keith Weinhold (00:31:32) - Welcome back to Get Rich. We're talking with Kirk Chisholm. He is the principal and a wealth manager at Innovative Advisory Group. And I like to chat with Kirk and some of these people that have this bigger picture view where they offer clients stock options, real estate options and more. In Kirk, I know you like to say that we're sort of living in a new paradigm and that people are only just now starting to realize this new paradigm, which has to do with interest rates and inflation.   Keith Weinhold (00:32:01) - So tell us about this new paradigm. Let's take us back a few years. So if you think about what's happened in history, I'm a student of history, much like you are, Keith, You look back in history, it's instructive as to how the future may act, right? It's never going to mirror that because it doesn't happen that way, as I think it was. Mark Twain has said that history never repeats, but it rhymes. I'm not sure if that's actually attributed to him, even though people say it is. But point being is if you look back in history for the pretty much starting in like the 70s, we had a period of time and I'm going to come back to the 70s, but we had a period of time where things were volatile, we had high interest rates and we peaked at 20% rates depending on which rate we're talking about. The 30 year treasuries, I think it hit 15%. Fed funds rate hit 20%. So we had some pretty high numbers. And so the subsequent 40 years, interest rates declined for 40 years.   Keith Weinhold (00:32:56) - If you had bought a 15%, 30 year Treasury in 1980, 1981 and held on for the whole 30 years, you would have made 15% for that whole time. And it bottomed out a few years ago. So think about the 70s. Like, here's the economy, right? I got my hands together. Here's the economy. This is what it looks like, right? It's this size Now. If you start injecting leverage, you get a mortgage on your real estate. That's leverage. The company borrows money. That's leverage. Right? So you're borrowing money. So your borrowing future cash flows to use today. So let's say I own a home outright and I decide, hey, I want to borrow money to go buy a motorcycle, whatever. Okay. Well, I just increased the economy size because I borrowed money, right? So I've increased the amount of money in circulation from 1983 81 until pretty much a few years ago, the interest rates went from a high amount of 20% down to close to zero.   Keith Weinhold (00:33:51) - Now, the lower the interest rates, the more you can borrow. So if you think about the economy, it kept increasing as rates drop because you can borrow more and more money. Now, how much money can you borrow? A 0%. Keith An infinite amount, in theory, yes. As much as they'll give you. And how much? If it's negative, I don't know. I'm going to borrow a bunch of people and borrow their money like and we get into this crazy period we had a few years ago where there actually negative rates in Japan still does. But the point is, is the lower the rate, the bigger the economy can be because you're allowed to leverage more and it means you can borrow more money and use that money for other things. And now that's a problem because you're borrowing future cash flows to use today. So at some point you got to pay that back one way, shape or form or another. The thing is, is that is increased the size of the economy over this time.   Keith Weinhold (00:34:37) - So the paradigm from the early 80s until a few years ago was one of leverage and growth. And there's a lot of things went into that globalization, outsourcing to China and Asia, technology, all these things influence this growth of the economy. But then in 2021, we hit the lowest rates. We hit mortgage rates at 2.5%. Fed funds rates were low, Treasuries were low, and they started raising rates in 2022. So the economy now started to shrink because you can borrow less. Now, it didn't actually shrink, but I'm using this for illustrative purposes. So if I'm looking at this big, huge balloon and think of it as a balloon, right? You start as there's no air in it, you blow it up with air, you get this huge balloon. Well, as rates go up, you start to let air out of the balloon because you can't sustain high interest rates because it comes down to cash flow. So what ends up happening is as rates go up, the economy effectively starts to shrink over time because if low rates help it expand, higher rates will contract it.   Keith Weinhold (00:35:39) - But it doesn't happen today or tomorrow. It happens over years, as the economy did in the last 40 years. So the paradigm we had changed two years ago and now we have high interest rates and the economy is shrinking to acclimate to this new higher rate environment. So you could have bought mortgage for 2.5% for 30 years on the house. You bought a $500,000 house, 2.5%. You probably would have paid, I think, $3,700 a month rate. You're paying $3,700 a month. That's where you can afford. And most people were doing that, so they bought as much as they could afford. However, now mortgage rates are seven and a quarter at seven and a half. That $3,700 a month mortgage is now doubled. So now you're looking at about a $7,400 a month mortgage. I can't afford $7,400 a month, so I can't buy that same price house. Now, the house price to accommodate that has to decline. And I'm using real Estate Illustrated because it also I'll tell you in a minute so the house price has declined to accommodate that higher payments because people can only buy what they can afford.   Keith Weinhold (00:36:43) - Now take that illustration and overlay that into corporate America, because companies do the same thing. They borrow as much as they can get away with. As you say, with mortgages, it's fixed. It doesn't affect me because it's fixed. And same thing with corporations doesn't affect me. It's fixed. That's correct. Which is why it doesn't impact the economy immediately. But it does impact it over time because with the 30 year mortgage, you never have to move. But if you do have to move, you're in trouble. If you own commercial property, you don't have 30 years, you might have a five or a ten year mortgage, which is going to roll at some point in time and hopefully rates are lower. But if they're not now, you've got some explaining to do, right? In corporate America, there's a lot of companies that get, you know, short term debt that's going to roll over at a higher rate. How are they going to afford it? Johnson, Johnson, Apple, Microsoft, they can afford it, but can borderline junk bonds, companies that are low quality, that are just making it, barely making it buy in cash flow because they can borrow money? What about them? Well, they're going to be forced to make hard decisions or go into bankruptcy.   Keith Weinhold (00:37:48) - So what higher rates do? It basically cleans up the economy by taking out the inefficient players and forcing some into bankruptcy, foreclosures, whatever it may be, it effectively will clean up the market, but it also caused the economy to shrink. So it destroys capital. And if we have rates that are higher for longer than, let's say a few more months, if they're higher for 5 or 10 years, it's going to be a problem. And I think we're going to have higher rates a lot longer than most people think. The market is predicting another six months they're going to drop rates. They've been saying that for the last year. So I don't think they're accurate. I think it's going to be at least a year, maybe two, and then we'll see what happens. Hard to see that far out, but people need to be become acclimated to these higher rates for a while because if you look at historically, these aren't that high. Their average rates. Yeah, they're right in the mean like we're not high historically.   Keith Weinhold (00:38:43) - If you look at bond yields I mean you look at late 90s, you've got up to 6%. I think you've got to 6 or 7% and depending on what you're investing in. So we are not high and default rates are not high. Default rates for high yield bonds historically are 7%. I think we're like 1% like last 15 years. So the numbers that we saw were extreme examples of the economy. And we're going to find a happy balance somewhere. And I don't know where that is, but this new paradigm is about reassessing the assumptions you're making about your investments, about the economy and any assumption what are interest rates going to be? What's inflation going to be? These are things that people never even thought of. They just assumed, Oh, inflation is going to be 3%, I'll just use that. Or interest rates, they're going to be similar. You can't make those assumptions anymore. You have to have broader. Lateral testing of whether this is going to work or not. You've done a great job of breaking down that new paradigm where basically that 40 year period from 1981 to 2021, we had gradually declining interest rates and something in 2021, that's where things changed and we entered into a new paradigm of increasing interest rates.   Keith Weinhold (00:39:55) - So as we're winding down here, you stated you think that we will have persistently higher rates for quite a while. So many people have been saying a recession is just around the corner for so long. It's sort of annoying to really think about it. But as we know, with the recession, that generally correlates with a lowering of interest rates. But you don't see that happening by next year, say, with a lowering of interest rates that corresponds with a recession. What you said is recessions typically correlate with lower rates. You're correct. But what if they don't? I'll give you some examples here of why things are different and why it matters. So if the last 20 plus years, if we had a recession or even a sniff of a recession, the Fed would drop rates, print money, they would boost the markets back up. Everything would be fine. Right. Problems solved. Right? The world's going to end. Don't worry. Here comes the Fed to the rescue. They did that for 20 years.   Keith Weinhold (00:40:49) - But now we have high inflation. So with high inflation, they can't do that because if they do that, it causes inflation to spike, much like the 70s. Now they're not oblivious to the 70s. They know full well what happened and they don't want to repeat it. What they're saying has been pretty clear. We're going to make sure we kill inflation. We don't want it coming back. It is very probable that we have inflation dipped down into two even 0% this year. There's the probability is low, but it's probability we could hit 0% inflation by the end of the year. However, I don't think it's going to stay there because we tend to get a bullwhip effect, which we've seen in many commodity prices, lumber in particular, where the prices go up and then too many people, they make too much lumber to sell and then there's a glut and then it goes lower and then it goes higher because, you know, so you get this bullwhip effect, which is a problem which caused and it's the same thing with inflation, right? You get this bullwhip effect because the changes have been too drastic that people can't adjust, so they over adjust, are under adjust, and that causes this big change.   Keith Weinhold (00:41:50) - So I think we're going to have a dip back to inflation, probably not 8%. But when that happens, they're going to have to come back and raise rates. So what they're trying to do is they're trying to keep rates higher, longer to make sure inflation doesn't come back. We're really in this back and forth of where are we going to go, where's the Fed going to take us? And if it tends to be five years of high rates, that's going to really impact the economy and eventually we will hit a recession. But I think the probability is showing very low probability of recession anytime soon because it's not playing out in the data. Some data is showing yes, some data is showing no. But when I start to see that, it means it just doesn't matter. It's not going to show up. Well, that's some good perspective, Kirk. CPI inflation peaked at.   Speaker 3 (00:42:36) - 9.1%.   Keith Weinhold (00:42:37) - A little over a year ago. It's at 3% now. But yeah, one place where I agree with you, Kirk, is, yeah, the Fed sure does not want to see that pop back up again.   Keith Weinhold (00:42:48) - And within the Fed's dual mandate of high employment and stable prices, it seems like they're prioritizing stable prices over keeping employment high, that's for sure. Well, yeah, there's been a great wide ranging chat.   Speaker 3 (00:43:01) - With interest.   Keith Weinhold (00:43:02) - Rates.   Speaker 3 (00:43:03) - Inflation stocks, real estate and producing income from both of them. Kirk If our audience wants to reach out to you or learn more about what you do, they're at Innovative Advisory Group. How can they do that?   Keith Weinhold (00:43:15) - Thanks, Keith. So yeah, the best way people can find me, I'm really easy to find. They can go to my podcast, Money Tree. Podcast. Com. We have two shows a week. One show we interview really intelligent investors like Keith, for example. We have the second episode is really more of a timely what's going on the markets this week, what's new, what's changed? Just so we can kind of keep people up to date with what's going on and if people are really looking to find out more about me and my services, you can go to Innovative Wealth and I've written all the blog posts there, but our company provides wealth management services for people, whether it's financial planning or portfolio management.   Keith Weinhold (00:43:52) - That's a lot of what we do. So like I said, I'm easy to find and I'm pretty easygoing guys. So if you're interested, you can find me there.   Speaker 3 (00:43:58) - Kirk Chisholm, Innovative Wealth. It's been great having you here. Thanks so much for coming on to the show.   Keith Weinhold (00:44:04) - Thanks for having me, Keith.   Speaker 3 (00:44:10) - Yeah. Well, Kirk Chisholm, he thinks that higher interest rates will linger longer. And he told us why. Now, Historically, it takes 3 to 5 quarters for interest rate hikes to hit the economy. Rate increases begin in March of 2022, but Americans are sitting on lots of cash. So many think that this recession that's perpetually just around the corner won't begin until at least next year. One benefit of a recession coming is that people will stop spreading undue concern.   Keith Weinhold (00:44:45) - About.   Speaker 3 (00:44:45) - A recession Coming Coming up here on the show, lots of great real estate investing strategy sessions forthcoming, not just big picture impacts like the direction of rents, home prices and interest rates, but also how to improve your operational efficiencies, like how to tamp down on higher property insurance premiums and more including what today's market for new build for plex's like investing in America's intermountain West and more.   Speaker 3 (00:45:14) - Until next week. I'm your host, Keith White. Don't quit your daydream.   Speaker 4 (00:45:21) - Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of Get Rich Education LLC exclusively.   Speaker 3 (00:45:50) - The preceding program was brought to you by your home for wealth building. Get rich education.    

The senator has a moderate tone, progressive policies and deep roots in his community. His campaign focused on speaking to voters of all stripes while his opponent, Herschel Walker, doubled-down on base messaging. Can Democrats use that playbook elsewhere?This episode: White House correspondent Tamara Keith, political correspondent Susan Davis, and GPB reporter Stephen Fowler.This episode was produced by Elena Moore and Casey Morell. It was edited by Eric McDaniel. Our executive producer is Muthoni Muturi. Research and fact-checking by Katherine Swartz.Unlock access to this and other bonus content by supporting The NPR Politics Podcast+. Sign up via Apple Podcasts or at plus.npr.org. Connect:Email the show at nprpolitics@npr.orgJoin the NPR Politics Podcast Facebook Group.Subscribe to the NPR Politics Newsletter.

In a live show on Thursday, October 20th, at the Buckhead Theater in Atlanta, political correspondent Susan Davis, White House correspondent Tamara Keith and White House correspondent Asma Khalid discussed Georgia politics and the future of American democracy with WABE reporter Rahul Bali, GPB reporter Stephen Fowler, voting correspondent Miles Parks and national political correspondent Mara Liasson.View the slides we refer to during the show: https://bit.ly/3VGs3WeSupport the show and unlock sponsor-free listening with a subscription to The NPR Politics Podcast Plus. Learn more at plus.npr.org/politics Connect:Email the show at nprpolitics@npr.orgJoin the NPR Politics Podcast Facebook Group.Subscribe to the NPR Politics Newsletter.