Podcasts about Great Recession

Imagination and Strategy in Organizations Michael and Rebecca explored the role of imagination in organizational development, focusing on how it can help teams break free from routine and avoid burnout. Rebecca emphasized the value of developing strategy collaboratively and embedding it into systems so it becomes actionable. Michael shared a personal story about a team exercise that strengthened his relationship with his CEO, showing how facilitation can break down silos and build vulnerability within teams. Proactive Leadership in Volatile Times Rebecca highlighted the importance of facilitated conversations to create shared language and vivid pictures of possible futures. She stressed that leaders must take agency in shaping the future during times of uncertainty. Michael reflected on his leadership experience during the Great Recession, noting how proactive strategies and market exploration were essential. Both agreed that preparation and action are far better than waiting passively for challenges to unfold. Constraints Spark Creative Solutions Rebecca explained how constraints can ignite creativity, comparing children who produce better art with limited supplies to organizations that innovate within boundaries. She pointed out that major failures like the 2008 financial crisis and the 9/11 attacks were tied to a lack of imagination and unpreparedness for unexpected events. Imagination for Effective Planning Michael and Rebecca discussed how imagination can help leaders plan for multiple scenarios, both positive and negative. They emphasized that envisioning different futures calms the nervous system and prepares people for surprises. Michael encouraged leaders to think beyond worst-case scenarios, exploring opportunities for growth and using positive goal-setting to shape desired outcomes. Imagination in Strategic Decision-Making Rebecca emphasized the need to align emotions with rational decision-making and create compelling shared visions that motivate people. She argued that imagination should be treated as a serious, forward-looking tool rather than relying only on traditional approaches that analyze past performance. Imagination not only makes strategy development more effective but also more engaging and enjoyable. Website and Merchandise Rebecca shared details about her work and invited listeners to visit RebeccaSoutherns.com, where they can explore free resources and her "Possibility Packs," merchandise designed to spark imagination. Dr. Rebecca Sutherns – Imagination Strategist for Purpose-Driven Leaders Rebecca Sutherns, Ph.D., is the CEO and Founder of Sage Solutions, where she helps purpose-driven leaders close the gap between what matters most to them and what they actually do. With more than 27 years of global experience as a bestselling author, master facilitator, and coach, Rebecca is known for turning imagination into a strategic advantage. She brings analytical rigor, warm energy, and adaptability to strategy, governance, and decision-making. Her work began with a simple but powerful observation: many leaders stay stuck in past patterns, overlooking new possibilities. She discovered that a “failure of imagination” is often the hidden reason behind team misalignment and even global challenges. Today, she equips Boards and executives to distinguish what is fixed from what is flexible as they shape the future in times of rapid change. Through her ELASTIC framework, Rebecca helps non-profit leaders reimagine their next chapter with creativity and clarity. Whether through strategic planning facilitation or her innovative Possibility Packs, she champions imagination as a learnable skill and a collective practice—helping leaders co-create vivid mental pictures of what's possible and proactively "dent the world."

Ever feel like the more your business grows, the less peace you actually have? Many entrepreneurs chase revenue, automation, and scale—only to realize they've built a machine that runs their life instead of serving it. What if true success isn't about doing more, but about becoming more human in a world obsessed with efficiency? In this episode of The Better Than Rich Show, host Mike Abramowitz interviews Ryan Levesque, best-selling author of Ask and Choose, creator of the Ask Method, and founder of The Digital Contrarian newsletter. Ryan shares his journey from building a $70 million digital business to leaving it behind for a simpler, faith-centered life on a farm in Vermont. He explains how to protect authenticity in the age of AI, craft a “Category of One” brand, and align your business with your family, faith, and values.  Timestamps [00:00] Starting Over During the Great Recession [07:00] Building Brand Awareness with No Budget [11:00] Culture Before Scale [16:00] Hiring and Delegation Lessons [20:00] Communication Cadence and the EOS Revolution [27:00] The Trade Council Blueprint [33:00] Empowering Trades Through Shared Values [43:00] How to Get the Attention of a $138M General Contractor [48:00] Scaling from $25M to $138M [54:00] Simplicity, Sustainability, and Freedom of Time  Key Quotes “In a world of artificial everything, what if real is the only advantage left?” “You can't scale a hug with your five-year-old.” “AI can automate words, but it can't replicate presence.” “The best things in life don't scale—and that's exactly what makes them sacred.” “Your business should serve your life, not replace it.”  Key Takeaways Redefine your metrics of success. Prioritize time, presence, and family over arbitrary business goals. Guard your authentic voice. Let AI support efficiency, not authenticity. Adopt the Three-Part Content Model. Build your “Category of One,” create a consistent content hub, and scale intentionally through repurposing. Embrace the unscalable. True connection, creativity, and faith are built person-to-person—not through automation. Connect with The Better Than RichWebsite - ⁠⁠https://www.betterthanrich.com/⁠⁠Facebook - ⁠⁠https://m.facebook.com/betterthanrich/⁠⁠Instagram - ⁠⁠https://www.instagram.com/betterthan_rich/⁠⁠Twitter - ⁠⁠https://mobile.twitter.com/betterthan_rich⁠⁠TikTok - ⁠⁠https://www.tiktok.com/@betterthanrich⁠⁠YouTube - ⁠⁠https://www.youtube.com/channel/UC3xXEb7rKBvkCOdtWd4tj2A⁠⁠Linkedin - ⁠⁠https://www.linkedin.com/company/betterthanrich⁠⁠ 

#654: Fights about money are common, but they're rarely about math. They're about power, shame, vulnerability, and trust. And no amount of data or fancy spreadsheets is going to fix it. What you need is a better system for fairness, more open communication, and a shared ambition. In this candid conversation with Heather and Doug Bonaparte, we explore how two partners rebuilt confidence, handled their six-figure student loans, and designed a rhythm for money talks that actually works. Together they share how early money stories, law school debt, and the Great Recession shaped their dynamic, plus the tools they used to find fairness at home and in their finances Key Takeaways Why 50/50 isn't always fair and how to do it better The small ritual that turned dreaded money talks into something they actually look forward to How borrowing a strategy from the office made household decisions way less stressful The surprising fix for resentment that had nothing to do with chores or budgeting Why tackling six-figure student loans together became a turning point in their relationship The mindset shift that helped them see debt not as a burden but as a shared opportunity Resources and Links Money Together, the book DoMoneyTogether.com, learn more about the book and project The Joint Account, weekly newsletter on joint finances at ReadTheJointAccount.com Fair Play by Eve Rodsky, a framework for dividing household responsibilities Share this episode with a friend, colleagues, and anyone who is part of a couple: https://affordanything.com/episode654 Learn more about your ad choices. Visit podcastchoices.com/adchoices

In today's episode of The Daily Windup, we break down what the latest Federal Reserve Beige Book is really saying — and why it's sending a chilling warning most investors are ignoring. According to the Fed's own field reports, economic activity has “declined slightly” across three-quarters of the U.S., with only a handful of districts showing modest growth. The tone of this Beige Book is weaker than December 2007 — the start of the Great Recession. Even the Fed's internal staff now estimates a 50% chance of recession, while the market continues to price in 0% risk. In short: the data is flashing red, but Wall Street's acting like it's business as usual. Key Takeaways: The Fed's Beige Book reveals that ¾ of the U.S. economy is stagnating or contracting in real time. The report's tone is weaker than the Beige Book from the start of the 2008 crisis. Even the Fed staff pegs recession odds at 50%, yet the market is still pricing in zero risk. Know more about the Bootcamp: https://govcongiants.org/bootcamp Learn more: https://federalhelpcenter.com/ https://govcongiants.org/ 

This week's episode opens with a layoffs avalanche that could bury a small HR department. Nestlé slashes 16,000 jobs—mostly white-collar, as AI now crunches numbers faster than accountants can say “chocolate river.” Meta cuts 600 from its super-intelligence team (the irony writes itself), Paycom drops 500 engineers (guess the bots finally learned to code), Handshake axes over 100 (pivoting to “AI-centric tech” = fancy talk for “we're toast”), and even programmatic darling Appcast trims 32. The hot acquisition pitch? JobGet should buy Handshake and rebrand it Handjob.com—because nothing screams “career move” like a domain that triggers every corporate filter. The bullshit meter detonates. Facebook resurrects its job board after killing it in 2023—rumor has it Zuck's prepping AR glasses where “Starbucks is hiring” beams directly into your latte-fueled daydreams. X quietly buries its LinkedIn-killer tab (Elon's too busy monetizing outrage). Adzuna unveils a “revolutionary” search that's basically ZipRecruiter's Phil minus the creepy spokesperson—half-baked, no employer-side matching, and it begs for your email like a desperate Tinder bio. Metaview's Chicago billboard (“Who says hiring has to be fair?”) gets flayed: four-second glance, logo smaller than a South Park punchline, and DEI messaging dumber than a rock. Fix? “Effective AI. Giant Logo. Metaview.com.” Done. Stop torching $35M on ego art. Funding fireworks: Findem.ai pockets another $51M, hitting $105M total (Intello 2.0, now with agent spice—same data warehouse, new flavor packet). Deel raises $300M, pushing its war chest to $1.3B at a $17.3B valuation—enough to buy a mid-sized nation and still tip the barista. Armstrong grabs $12M for AI dish-washing robots (Taco Bell's drive-thru is about to ghost human order-takers faster than you can say “Doritos Locos”). Jack & Jill scores $20M for conversational job alerts—talk to your laptop, get emailed Indeed links. Groundbreaking… if it's 2001. Economy's a K-shaped tire fire: Hamburger Helper sales spike 14% (flashbacks to salty 70s trauma: “Dad tried to fix it with more salt—burned my mouth and my will to live”). Freight rates up 20%, subprime auto delinquencies worse than COVID, Great Recession, and dot-com bust combined. White Castle flips fully autonomous in Ohio—farewell, drive-thru jobs; hello, robot flipping your sliders while you doom-scroll in sweatpants. Finale: OpenAI green-lights erotic ChatGPT for verified adults starting December (the internet was literally built on the promise of pixelated nipples—Sam Altman's just cashing the OG check). Age-gating? Cute. Show me a 10-ft wall, I'll show you an 11-ft ladder and a forged ID. They also launch ChatGPT Atlas, an AI browser with a sassy sidebar—because Chrome's 2:38 median tab time and 11.4 open tabs (recruiters: double that, easy) needed a drunk-texting career coach. Google infused Gemini; OpenAI counters by making browsing feel like your browser just joined a group chat.Buckle up—2026 will be wilder than a Meta glasses app that undresses your LinkedIn connections in AR. Chapters00:00 Introduction and Recap of Reckfest02:18 Reflections on MTV's Impact and Evolution04:57 The Changing Landscape of Job Platforms07:36 Layoffs and Industry Shifts10:09 The Future of Recruiting Technology13:08 Meta's Job Platform and Advertising Strategies15:42 Critique of Adzuna's New Search Features18:04 Closing Thoughts and Future Predictions26:35 The Power of AI in Recruiting30:44 Funding Frenzy in the Recruitment Tech Space34:59 The Impact of Automation on Fast Food Jobs42:49 Economic Indicators and Their Implications48:06 The Intersection of AI, Browsers, and Adult Content

CMBS delinquencies are at their highest level since the Great Recession — but what does that really mean for multifamily investors? Jamison Manwaring unpacks the data behind rising commercial distress, explaining how interest rate spikes, construction booms, and tighter lending have collided to create today's challenges — and opportunities. We also break down how new legislation is reshaping real estate, from extended Opportunity Zones and renewed bonus depreciation to why 1031 exchanges and UPREIT structures remain intact. Finally, Jamison offers perspective on why long-term fundamentals for multifamily remain strong and why patient investors could benefit most in this cycle.

Why are so many consumers dining on a deal?This week's episode of the Restaurant Business podcast A Deeper Dive features David Portalatin, SVP and food industry advisor for the data and technology firm Circana.Circana just released a report showing that 29% of consumers are dining on a perceived deal, a historically high percentage. That has also grown over the past couple of years at a rate not seen since the Great Recession.David on the podcast discusses that report and the factors behind consumer budget dining. This is a fascinating conversation. We talk about price increases, the types of deals being run, how that's changed over the past 15 years and how restaurants can adjust to these issues. This is a major issue affecting all restaurant operators today and could continue to impact them over the coming months. 

Read the full shownotes and transcript on our site: growyourcreditunion.com In this episode of Grow Your Credit Union, host Joshua Barclay and co-host Becky Reed welcome John Wilkening, EVP and Chief Banking Officer at Tech Credit Union, to explore why small credit unions are choosing extinction over growth, what the Great Recession taught leaders about managing both sides of the balance sheet, and how removing pressure from employees creates better results than adding quotas.

Subscribe now for the full episode and access to all of our Sunday bonuses! Danny and Derek speak with Joshua Braver, assistant professor of law at the University of Wisconsin, about Trump's threat to invoke the Insurrection Act. They discuss the president's power to federalize the National Guard, the Posse Comitatus Act, the limits of judicial deference, Trump's schizophrenic relationship to the law, the weakness of the liberal legal establishment, why the Great Recession didn't produce a New Deal moment, and what it means when the only thing left to restrain the executive is the executive itself.

In this conversation hosted by Nancy Mendelson, hospitality marketing veteran Victoria Feldman de Falco, principal and co-founder of Redpoint, shares how consistent communication — even in challenging times — can drive long-term success for hospitality businesses.With more than four decades of experience shaping stories for hotels, destinations, and cruise lines, Vickie has been recognized as one of HSMAI's Top 25 Extraordinary Minds and received the organization's Winthrop W. Grice Award for Lifetime Achievement. Drawing from crises like 9/11, the Great Recession, and the pandemic, she explains why cutting PR is a costly mistake — and how steady, credible storytelling protects brand visibility, strengthens relationships, and positions businesses to rebound faster.Vickie and Nancy also discuss how to recalibrate communications strategies when budgets are tight, the rising importance of earned media in AI-driven search, and why relationships — not transactions — remain the foundation of effective hospitality marketing.For anyone making tough budget decisions or leading through uncertainty, this episode offers clear perspective and actionable lessons on how to keep your brand visible, trusted, and ready for recovery.Also see: Marketing × Operations: Teamwork for Topline Growth in HospitalityRead the article on hertelier: Hospitality PR in an AI World: Victoria Feldman de Falco on Ideas, Credibility, and Risk-Taking A few more resources: If you're new to Hospitality Daily, start here. You can send me a message here with questions, comments, or guest suggestions If you want to get my summary and actionable insights from each episode delivered to your inbox each day, subscribe here for free. Follow Hospitality Daily and join the conversation on YouTube, LinkedIn, and Instagram. If you want to advertise on Hospitality Daily, here are the ways we can work together. If you found this episode interesting or helpful, send it to someone on your team so you can turn the ideas into action and benefit your business and the people you serve! Music for this show is produced by Clay Bassford of Bespoke Sound: Music Identity Design for Hospitality Brands

Corey Damen Jenkins' design career famously started in 2008, when he vowed to knock on 800 doors to find a client in the middle of the Great Recession. On the 779th door, he found one. Since then, client by client, project by project, Jenkins has risen to the top of the industry—he's one of a small handful of designers with a MasterClass, he's on the Elle Decor A-List and the AD100, and his second book, Design Reimagined, just hit shelves.  On this episode of the podcast, Jenkins speaks with host Dennis Scully about how the Kips Bay Show House launched his career, why he tries to run his business on what he calls the ‘Mariah Carey principle,' and why he's all in on everything he does. This episode is sponsored by Loloi and Hector FinchLINKSCorey Damen JenkinsDesign ReimaginedDennis ScullyBusiness of Home  https://coreydamenjenkins.com/

This week on The Vancouver Life Real Estate Podcast, the question hanging over the entire country's housing market finally takes center stage: How long will this downturn last?BMO Capital Markets has drawn a striking parallel between today's Canadian correction and the U.S. housing crash of 2007 — a comparison that has rattled even the most seasoned market watchers. Senior Economist Robert Kavcic doesn't mince words: Canada's housing bubble is now in the slow-motion phase of its deflation. Prices, he notes, have been falling for more than three years despite record population growth — a pattern eerily reminiscent of the U.S. trajectory nearly two decades ago.The difference this time? Canada's decline is unfolding more gradually, and that could make recovery slower, too. BMO's data suggest it could take another five years before prices claw their way back to prior peaks, placing today's correction somewhere between the U.S. Great Recession cycle and Ontario's prolonged 1990s slump — a potential 12-year arc from top to trough and back again. The bank calls the last decade's explosive price growth a “perfect storm” unlikely to repeat: cheap credit, pandemic migration, millennial peak demand, and speculative fervor all hitting at once. Those conditions, they argue, are gone for good.Meanwhile, Canada's rental market is flashing its own warning signs. Asking rents have fallen for a full year straight — down 3.2% nationally and more than 5% in B.C. and Alberta — with two-thirds of all purpose-built projects now dangling incentives just to fill units. Institutional landlords may weather the storm, but smaller investors are bailing out, adding even more supply to a fragile market. The slowdown is visible upstream, too. Architecture billings — a leading indicator of future construction — have fallen for 18 consecutive months across North America, the longest slide on record. In B.C., developers are pausing or cancelling projects, from downtown high-rises to suburban townhomes. The stalled Tsawwassen Town Centre redevelopment has become a case study in the friction between city councils, community character, local residents and development economics.And yet, amid the austerity, Vancouver's City Council just took an unprecedented step: approving a 0% property-tax increase for 2026. After years of back-to-back hikes totalling more than 30%, Mayor Ken Sim's administration says the city will instead “find efficiencies” to ease the strain on families and small businesses. Supporters call it relief. Critics call it unsustainable. But not all the headlines are grim. In False Creek, a shimmering symbol of Vancouver's high-end resilience emerged: the Tesoro Penthouse, a 5,000-square-foot full-floor residence with panoramic views, listed for $1,5,500,000  just sold for a record-breaking price — the most expensive sale ever recorded in the area. The transaction, closed by The Vancouver Life team, stands as a reminder that even in a cooling market, the city's top tier still commands global attention.From the deep freeze of development to the fragile thaw in rentals, this episode dissects what these parallel shifts mean for Canada's broader housing future — and whether patience, not policy, will be the only real cure for a market learning how to land. _________________________________ Contact Us To Book Your Private Consultation:

For decades, researchers have documented a curious pattern in happiness, where people tend to start adult life feeling relatively positive, dip into unhappiness during middle age, and then rebound later in life. Psychologists called it the 'unhappiness hump' and the rest of us called it a mid-life crisis, referring to a midlife peak in stress, worry, and dissatisfaction that eventually faded as people aged. But new research suggests that this once-universal feature of human psychology (and men buying sports cars) has all but disappeared. And the reason isn't that middle-aged people have found new ways to thrive, sadly - it's that younger generations are suffering more than ever before. A new study published in PLOS ONE has found that the classic U-shaped curve of happiness and its mirror-image hump of unhappiness has flattened. The researchers analysed decades of mental health data, including 10 million adults in the United States from 1993-2024, 40,000 households in the United Kingdom, as well as 2 million people from 44 other countries, uncovering a dramatic shift in global well-being trends. Their analysis revealed that the familiar midlife rise in unhappiness, once a psychological constant, has vanished. Instead, mental ill-being now tends to decline with age, meaning that young people today report the worst mental health, and things generally improve as people get older. Older adults' mental health has stayed roughly the same, and middle-aged adults show little change. What's new is the sharp drop in well-being among younger generations. The causes of this reversal are complex and still being explored, but the study highlights several interlocking factors. The Great Recession's ripple effects: Economic instability and uncertain job prospects may have left “scarring effects” on younger cohorts entering the workforce after 2008. Underfunded mental health services: In both the U.S. and U.K., access to timely mental health care has lagged behind need, allowing problems to worsen over time. The COVID-19 pandemic: While the downward trend in youth well-being began before 2020, the pandemic accelerated feelings of isolation, anxiety, and hopelessness particularly among younger people. The rise of smartphones and social media: The study notes growing evidence linking heavy social media use with poorer mental health, driven by constant comparison, fear of missing out, and distorted self-perception. Some researchers have even suggested limiting smartphone access for teens as a possible intervention, though debate continues. Housing and financial pressures: Younger generations face tougher labour markets, skyrocketing housing costs, and rising living expenses all of which may erode a sense of security and optimism about the future. See omnystudio.com/listener for privacy information.

In this episode of Logistics with Purpose®, hosts Enrique Alvarez and Adrian Purtill sit down with Sandy Lake, Director of Logistics at the Georgia Center of Innovation, to explore how Georgia continues to lead the way in logistics and supply chain innovation.Sandy shares her incredible career journey—from early entrepreneurship and healthcare management to her current role driving collaboration and innovation across Georgia's logistics ecosystem. The conversation dives into lessons learned through major industry disruptions like the Great Recession and the pandemic, emphasizing adaptability, resilience, and the power of connectivity.You'll also discover how the Georgia Center of Innovation helps businesses grow through data analysis, strategic resources, and partnerships that fuel logistics excellence. The discussion wraps with a look ahead to the Georgia Logistics Summit and the exciting future of freight transport, including emerging trends like synchro-modality and tech-enabled supply chains.Whether you're a logistics professional, business leader, or innovator, this episode offers valuable insights on building a stronger, more connected, and future-ready supply chain.Additional Links & Resources:Connect with Sandy: https://www.linkedin.com/in/sandylakecscp/Learn more about the Georgia Center of Innovation: https://georgia.org/center-of-innovation/areas-of-expertise/logisticsCheck out the Logistics Market Snapshot: https://georgia.org/center-of-innovation/areas-of-expertise/logistics/logistics-market-snapshotLearn more about Logistics with Purpose®: https://supplychainnow.com/program/logistics-with-purposeLearn more about Vector Global Logistics: https://vectorgl.com/Subscribe to Logistics with Purpose®: https://logistics-with-purpose.captivate.fm/listenThis episode is hosted by Enrique Alvarez and Adrian Purtill. For additional information, please visit our dedicated episode detail page: https://supplychainnow.com/innovation-agility-growth-future-georgia-logistics-lwp140

Today's episode is an excerpt from Jason's Wednesday masterclass podcast focusing on co-living as a real estate investment strategy, featuring an expert named Eric Halverson, focusing particularly on the Phoenix market. Jason explains his previous skepticism and newfound confidence in co-living due to the increasing housing shortage and shrinking average household size in the U.S. They highlight the high returns and affordability solutions that co-living offers, particularly for the "working poor," contrasting the current market with the Great Recession. Eric shares his experience in the Atlanta market, discussing the operational mechanics of converting single-family homes into multi-room rentals with weekly payments, emphasizing the strong demand and the limited supply of suitable properties. They strongly advocate for direct investment in leveraged real estate, illustrating how the asset class outperforms others like the S&P 500 and gold when factoring in leverage and tax benefits. Join Jason's Masterclass! Sign up at JasonHartman.com/Wednesday #CoLiving #RealEstate #Investing #REI #HousingShortage #WorkforceHousing #AffordableHousing #IncomeProperty #CostSegregation #PaperLoss #TaxBenefits #CashFlow #Leverage #ROI #CapRate #Phoenix #Atlanta #IndianapolisMarket #AustinTX #CapeCoralFL #Padsplit #WeeklyRent #Turnkey #WorkingPoor #SingleFamilyHome #HouseholdSize #Demographics #DirectInvestor #Airbnb #JasonHartman #HartmanMedia #GreatRecession #LVP   Key Takeaways: 1:27 Travel back in time  5:59 Co-Living: A solution to the housing shortage 11:30 Income property vs. other assets 15:28 The Customer Experience 16:59 The Co-Living Business Model     Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com

The Great Recession changed the way many builders, developers and investors approached financing. As banks tighten their grip, private lenders offer a more competitive and personalized approach. Mark Whitmire, corporate […] The post SRP Lending: Building Principal-to-Principal Relationships appeared first on Atlanta Real Estate Forum.

Read the article here: https://www.biggerpockets.com/blog/how-local-politics-is-ruining-the-american-dream America's housing shortage isn't just a “problem”—it's a disaster. We're already short 5 to 6 million homes, and without major changes, that gap could balloon to 15 million within a decade. In this episode, we'll trace how the Great Recession and decades of restrictive zoning set the stage for today's crisis, explain why local politics keep killing affordable housing projects, and show how lot sizes, setback rules, and “neighborhood character” arguments drive up costs. Finally, we'll explore why state-level reform may be the only path forward if the American Dream is to remain within reach. Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover how to build a 7-figure business with just 2 employees and transform your life! In this video, I sit down with Graham Cochran, a seasoned entrepreneur and content creator who started his journey during the Great Recession and turned a simple idea into multiple thriving businesses. Are you living The Wealthy Way? Join us as we explore actionable strategies to create a high-profit, low-maintenance business that allows you to work smarter, not harder.Watch full video: https://youtu.be/jlSb2S2x2YgLearn how to invest in real estate with the Cashflow 2.0 System! Your business in a box with 1:1 coaching, motivated seller leads, & softwares. https://www.wealthyinvestor.com/Want to work 1:1 with Ryan Pineda? Apply at ryanpineda.comJoin our FREE community, weekly calls, and bible studies for Christian entrepreneurs and business people. https://tentmakers.us/Want to grow your business and network with elite entrepreneurs on world-class golf courses? Apply now to join Mastermind19 – Ryan Pineda's private golf mastermind for high-level founders and dealmakers. www.mastermind19.com--- About Ryan Pineda: Ryan Pineda has been in the real estate industry since 2010 and has invested in over $100,000,000 of real estate. He has completed over 700 flips and wholesales, and he owns over 650 rental units. As an entrepreneur, he has founded seven different businesses that have generated 7-8 figures of revenue. Ryan has amassed over 2 million followers on social media and has generated over 1 billion views online. Starting as a minor league baseball player making less than $2,000 a month, Ryan is now worth over $100 million. He shares his experiences in building wealth and believes that anyone can change their life with real estate investing. ...

The oldest members of Gen X are facing retirement, and many are feeling unprepared. Traditional pensions disappeared just as Gen X entered the workforce. 401(k)s weren't mainstream until much later. And along the way, they endured the tech bubble, the Great Recession, and a pandemic. No wonder headlines call Gen X “the forgotten generation” and warn of a retirement crisis. In this episode, Jean sits down with author and Yahoo Finance senior columnist Kerry Hannon to talk about her new book with co-author Janna Herron, Retirement Bites: A Gen X Guide to Securing Your Financial Future. Together, they dive into why retirement feels so daunting for Gen X, what makes this generation uniquely scrappy, and how to turn worry into optimism. You'll learn: Why Gen X was dealt such a tough financial hand, and what you can do about it now How debt, student loans, and “lifestyle creep” factor into retirement readiness The HOVER method (Hope, Optimism, Value, Enthusiasm, Resilience) for building a positive money mindset Why downsizing isn't the only answer — and how continuing to work, re-skill, and find purpose can make retirement stronger If more financial confidence sounds good to you, then you might want to try… ⁠4-Week Coaching Program⁠: Identify and understand your spending, build a strategic plan, and take control of your money. ⁠6-Week Pre-Retirement Program⁠: We'll help you prepare financially and emotionally for this exciting milestone.

In this episode, I was lucky enough to interview Joshua Davidson, CEO and founder of Chop Dawg.Growing up just outside of Atlantic City during the Great Recession, Josh saw firsthand how fragile traditional industries could be. Watching friends' families lose homes and his father work multiple jobs gave him a survival instinct and a drive to create opportunities for himself. By the time he was a teenager, Josh was building websites door-to-door and helping small businesses grow, even in the middle of an economic downturn. That early tenacity and optimism became the foundation of what would evolve into Chop Dawg.Over 17 years later, Chop Dawg has grown from building websites for local businesses to developing complex apps and software for Fortune 500 companies, healthcare systems, universities, and household names like Wawa, Six Flags, and the Philadelphia Eagles. Josh shares how staying true to unconventional branding choices, leveraging repeat business and referrals, and being an early adopter of trends like generative search (GEO) have kept his company ahead of the curve. Through it all, his focus has remained on understanding clients deeply, building genuine partnerships, and refusing to play catch-up with competitors—choosing instead to set the pace in his industry.Be inspired by Joshua Davidson's path from teenage hustler to leading Chop Dawg's global impact in this episode of The First Customer!Guest Info:Chop Dawghttps://www.chopdawg.comJoshua Davidson's LinkedInhttps://www.linkedin.com/in/dasjoshua/Connect with Jay on LinkedInhttps://www.linkedin.com/in/jayaigner/The First Customer Youtube Channelhttps://www.youtube.com/@thefirstcustomerpodcastThe First Customer podcast websitehttps://www.firstcustomerpodcast.comFollow The First Customer on LinkedInhttp://www.linkedin.com/company/the-first-customer-podcast/

Lucas Sherraden hosts Scott Ostrode from Sacramento on the Built How podcast, exploring the intricacies of the real estate market. Scott shares his journey from starting with humble beginnings to successfully navigating the Great Recession, emphasizing the importance of building strong relationships in the new construction sector. Highlighting the value of commitment and long-term strategy, Scott's experience reveals how diverse market knowledge and adaptation can benefit real estate professionals. This episode delves into the keys to successfully growing a real estate business, understanding client needs, and the nuances of new home sales. Connect with Scott at https://www.teamostrode.com/ ---------- Be sure to leave a rating and review and don't forget to go to www.builthow.com and register for our next live or virtual event. Part of the Win Make Give Podcast Network

If there's one thing that separates the truly wealthy from everyone else, it's their relationship with risk. Not blind risk. I'm talking about conviction — the ability to see an opportunity before everyone else does, to lean into it while others are frozen, and to hold through the storm until the payoff is undeniable. The extreme example is Bitcoin. In 2012, when it was trading for less than the price of a cup of coffee, most people laughed it off as internet monopoly money. But a handful of people had conviction.  They understood the asymmetric nature of the bet — the downside was capped at the small amount they put in, while the upside was exponential. Those early adopters didn't just make returns; many became billionaires. Of course, most people hadn't even heard of Bitcoin in 2012, so that might not have even been an option for you. So let's take another example that you almost certainly did live through. Real estate after the Great Recession in 2008 was radioactive. Nobody wanted to touch it. Yet those who bought when fear was at its peak ended up riding one of the longest real estate bull markets in U.S. history.  Data from the National Association of Realtors shows that home prices more than doubled from 2012 to 2022 in many markets. Imagine the rewards of being on the buy side in 2012. I've said it before and I'll say it again: I believe we are in a similar scenario with real estate right now as we head into a descending rate environment following a real estate bloodbath.  Properties are severely discounted, and values are almost certain to go up as rates fall. But you have to see the big picture and not be scared. That's not easy to do when everyone else is.  Real estate moguls and business owners are the ones most likely to take their wealth to the next level. Real estate is accessible to you — and so is business ownership.  Look at the Forbes billionaire list and you'll see a pattern: nearly 70% of the world's wealthiest people are business founders or owners. They didn't get rich clipping coupons from the S&P 500.  They got there by creating or buying businesses that became valuable, saleable assets. The risk was obvious: most startups fail. But the payoff for the ones that succeed dwarfs anything you'll ever get in your brokerage account. Now, the reality is that most high-paid professionals never play in this arena. They're comfortable and don't want to rock the boat. Some call it the “golden handcuffs” — you make enough money to feel comfortable, but that same comfort prevents you from ever taking risk. And you know what? That's totally fine. Just know that doing your 9-to-5 and investing into your 401(k) is not going to create life-changing money. If all you're looking for is life-sustaining money, keep doing what you're doing. But ask yourself this question: What's the life you dream about? If it's the life you already have, then congratulations. If not, are you on a trajectory that even makes it possible to get there? If not, you've got to change course. My guest this week on Wealth Formula Podcast has done a great deal of research on the wealthy and has written a book based on what he has learned.

On this week's episode of Multifamily Mastery, John Casmon interviews David Hrizak. With nearly three decades of experience across asset classes, David shares his evolution from Chicago broker to vertically integrated developer and investor. He recounts the pivotal $4M townhome project during the Great Recession, the sudden loss of his partner, and how relationships with community banks helped him pivot, survive, and ultimately thrive. David explains why he shifted from multifamily to commercial—highlighting the stability of long-term leases, the value of tenant credit, and how to structure triple-net leases that pass expenses through to tenants. He also stresses the importance of asking sponsors about their worst deals, vetting relationships, and learning from experienced partners before diving into commercial real estate. David HrizakCurrent role: Principal, Streamline Asset Management & Streamline DevelopmentBased in: Phoenix, AZ Say hi to them at: https://www.streamlinecapitalgroup.net | Linkedin Try Gusto today at gusto.com/CRE, and get three months free when you run your first payroll. This is a limited time offer, so head over to aspenfunds.us/bestever to download the investor deck—or grab their quick-start guide if you're brand new to oil and gas investing. Visit investwithsunrise.com to learn more about investment opportunities.  Get 50% Off Monarch Money, the all-in-one financial tool at www.monarchmoney.com with code BESTEVER Get a 4-week trial, free postage, and a digital scale at ⁠https://www.stamps.com/cre⁠. Thanks to Stamps.com for sponsoring the show! Join the Best Ever Community  The Best Ever Community is live and growing - and we want serious commercial real estate investors like you inside. It's free to join, but you must apply and meet the criteria.  Connect with top operators, LPs, GPs, and more, get real insights, and be part of a curated network built to help you grow. Apply now at ⁠www.bestevercommunity.com⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

What Can 25 Years in Retail Real Estate Teach Us About Resilience and Growth?On this episode of Retail Retold, Chris Ressa welcomes longtime friend and industry leader Hue Chen, President of Saglo Companies, for a conversation packed with stories and lessons from 25 years in retail real estate.Hue reflects on starting his career in the trenches of the Great Recession, when lead-sharing boards and creativity kept deals alive. He shares how an unlikely sabbatical during that downturn reshaped his outlook, and why sometimes the “boring” tenants — daycares, laundromats, coin ops — deliver the biggest wins.From comparing ICSC attendee lists in 2018 vs. 2025 to unpacking why beverage brands like Dutch Bros and 7 Brew are exploding, Hue uses data and anecdotes to show how the retail landscape is constantly evolving. He and Chris also dive into deeper themes: what it takes to scale a company without being the bottleneck, how community-minded regional tenants often outperform nationals, and why consumer and retailer debt may be retail's real risk today.It's a conversation that blends history, humor, and hard truths — and proves that the best retail stories aren't always about lollipops and rainbows, but about resilience, adaptability, and the unexpected deals that shape entire careers.What you'll hear: How the Great Recession forged Hue's mindset — and why he never thought of leaving retailThe sabbatical that reset his career and gave him long-term perspectiveWhy “unsexy” tenants like daycares and laundromats can be the most profitable anchorsWhat ICSC attendee lists reveal about a generational shift in retail leadershipHow Saglo builds systems so the president isn't the bottleneckWhy regional tenants with 2–20 stores often outperform big nationalsThe explosion of beverage concepts like Dutch Bros, 7 Brew, and Luckin Coffee — and what makes them different from StarbucksWhy community engagement is often the real driver of tenant successThe hidden risks: consumer debt and retailer leverage vs. the strength of retail real estate fundamentalsLessons on adaptability, resilience, and how a single deal can shape an entire careerChapters00:00 Navigating the Great Recession: A Shared Journey09:32 The Evolution of Retail Real Estate20:47 Current Market Dynamics and Future Outlook24:56 Retail Resilience and Market Dynamics28:22 Concerns in Retail: Debt and Consumer Behavior31:26 The Importance of Community Engagement in Retail34:24 The Rise of Coffee Concepts in Retail40:30 Defining the 'Third Place' in Today's Society

Earlier this month, 2024 NAEP scores came out for 8th grade science and 12th grade reading and math, and the results were not good, with students losing ground in each subject. But these declines are not new and they are not only the result of the pandemic: Across a number of tests and subjects, scores have been declining for over a decade, especially for low-performing students. Indeed, while achievement for the top 10 percent of students has remained roughly flat, achievement for the bottom 10 percent of students has fallen precipitously—on many assessments, by well over a year.What might be causing these declines? Is it the rise of phones? The fall of No Child Left Behind? The aftereffects of the Great Recession? A change in the culture of schooling? On this episode of The Report Card, Nat Malkus explores these questions and more with James Wyckoff and Chad Aldeman.James Wyckoff is the Memorial Professor of Education and Professor of Public Policy Emeritus at the University of Virginia.Chad Aldeman is the founder of Read Not Guess, the author of Aldeman on Education, and a regular columnist for The 74.Show Notes:Testing Theories of Why: Four Keys to Interpreting US Student Achievement TrendsPuzzling Over Declining Academic AchievementInteractive: See How Student Achievement Gaps Are Growing in Your StateDon't Blame the SubgroupsStudent Achievement Is Down Overall—But Kids at the Bottom Are Sinking Faster

In this episode of Beyond Rockets, Clark Dunn sits down with Matt Curtis, founder of Matt Curtis Real Estate and leader of Alabama's #1 real estate team for the past six years. From his beginnings as a computer engineering graduate in Knoxville to becoming one of Huntsville's most recognized real estate leaders, Matt shares his journey of faith, family, and entrepreneurship.He talks about the pivotal career changes that brought him from engineering into real estate, the lessons learned during the Great Recession, and how he scaled his brokerage from a one-man operation to one of the fastest-growing companies in the country. Matt also reflects on Huntsville's rapid growth, the impact of Space Command, the future of the housing market, and why homeownership remains the key to long-term wealth.Whether you're an aspiring entrepreneur, a real estate professional, or simply curious about Huntsville's explosive growth, this episode offers insight, inspiration, and a glimpse into the future of the Rocket City.https://www.mattcurtisrealestate.comhttps://www.instagram.com/mattcurtisrealestate/?hl=enSponsorYellowhammer is a local craft brewery serving Huntsville for the past 14 years. They are known for their premium craft beers like T-Minus and Rebellion, but what you might not know is they also offer spirits, wine, seltzers, and non-alcoholic drinks. Next time you stop by their location try one of their seasonal cocktails made with Gemini Bourbon or Yellowhammer Vodka. Or try this year's big hit, Pineapple Punch seltzer. You can find out more information about Yellowhammer Brewing by visiting their website ⁠⁠⁠⁠https://www.yellowhammerbrewery.com⁠⁠⁠⁠ or visiting their taproom located at Campus 805.MusicAny Day by Them Damn Dogs⁠⁠⁠⁠https://open.spotify.com/artist/3HrncTSw4a7J9YiyMIxHdu?si=qw6Df7J6SwKm6-WOEc7U7w

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3292: Chelsea illustrates how even investing at the peak of the Great Recession would have yielded strong long-term gains, especially with dividends reinvested. By showing historical data from past downturns, she highlights that discipline, patience, and consistency in the stock market can transform even the worst-timed investments into substantial wealth. Read along with the original article(s) here: https://smartmoneymamas.com/investing-in-peak-markets/ Quotes to ponder: “In only 1 out of the past 10 recessions, starting in 1948, would you have seen your $10,000 investment lose money over a 10-year period, and only then if you had chosen not to reinvest the dividends.” “The sooner you get your money invested in the market, the more wealth you'll have in the future. Your money works for you, don't let it sit idle!” Episode references: National Bureau of Economic Research: https://www.nber.org Bureau of Economic Analysis: https://www.bea.gov Learn more about your ad choices. Visit megaphone.fm/adchoices

Season 2, Episode 9Guest: Damien Lehfeldt — Chair, USA Fencing Board of Directors; Coach, Nova Fencing ClubWhat we coverOrigin story: three decades in fencing—community first, results secondCoaching during the Great Recession; mentoring as purposeMaking fencing simpler: free articles, open-source resources, data toolsWhy run for the Board? Giving back and building on post-Tokyo momentumBeing elected chair: peers' trust and the responsibility that comes with itGovernance vs. operations, in plain English:Board = GPS (strategy, oversight, risk)Staff/CEO = Driver (events, execution, day-to-day)Concrete example (Summer Nationals): board sets KPIs; staff builds the experience (merch, flow, logistics)The 2024–28 Strategic Plan: membership, clubs, brand, referees—and a clear push for parafencingParafencing pipeline: more athletes and coaches now to compete for medals at LA28Working with the CEO: frequent communication, healthy disagreement, shared transparency (monthly updates, “5 Minutes with Phil”)Governance Task Force proposals: scaling with growth and the 4-4-4 model (four elected at-large, four appointed—including two independents—to add outside expertise, four athlete reps)Why independents matter: challenge “we've always done it this way,” add boardcraft and industry experienceWhat success looks like for Damien's term: deliver the plan—growth, equity, sustainable governance --First to 15: The Official Podcast of USA FencingHost: Bryan WendellCover art: Manna CreationsTheme music: Brian Sanyshyn

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3292: Chelsea illustrates how even investing at the peak of the Great Recession would have yielded strong long-term gains, especially with dividends reinvested. By showing historical data from past downturns, she highlights that discipline, patience, and consistency in the stock market can transform even the worst-timed investments into substantial wealth. Read along with the original article(s) here: https://smartmoneymamas.com/investing-in-peak-markets/ Quotes to ponder: “In only 1 out of the past 10 recessions, starting in 1948, would you have seen your $10,000 investment lose money over a 10-year period, and only then if you had chosen not to reinvest the dividends.” “The sooner you get your money invested in the market, the more wealth you'll have in the future. Your money works for you, don't let it sit idle!” Episode references: National Bureau of Economic Research: https://www.nber.org Bureau of Economic Analysis: https://www.bea.gov Learn more about your ad choices. Visit megaphone.fm/adchoices

In this powerhouse episode of CTR Media Network, Dr. Tina J. Ramsay sits down with award-winning architect, builder, and serial entrepreneur Lance Cayko, co-founder of F9 Productions and co-host of the Inside the Firm podcast. From launching a business during the Great Recession to growing a multi-million-dollar design-build firm, Lance shares his no-fluff, real-world wisdom on entrepreneurship, innovation, sustainability, and community impact.Discover how he balances aesthetics with functionality, integrates solar energy into modern architecture, and uses podcasting to elevate his firm to global recognition. Lance also reveals powerful advice for aspiring creators, business owners, and minority professionals looking to break into the world of architecture and construction.Whether you're building a business, designing your future, or laying the foundation for a legacy — this episode will leave you inspired and equipped to take action.Get your Media & Wealth Summit tickets: https://www.ctrmedianetwork.com/event-details/media-wealth-summit-2025-2✅ Key Topics:Design-build entrepreneurship for modern timesGrowing a firm from 2 people to a regional leaderSustainable construction and solar integrationUsing podcasting as a visibility and business toolCommunity leadership through nonprofit and educationReal advice for creators and startup founders

Sign up for the Jason Hartman University Event this coming September https://www.jasonhartman.com/Phoenix . Jason talks about political violence and media coverage, followed by an analysis of the housing market and recent rate cuts. He introduced various investment opportunities, including co-living properties and home equity investments, while discussing upcoming economic developments and the launch of an AI chatbot tool. He ends with information about upcoming events in Phoenix and encourages listeners to utilize the free AI resource for financial advice and market analysis. Jason then welcomes Kevin Erdmann, author and housing analyst, where he challenges the common belief that an oversupply of housing caused the 2008 Great Recession. Erdman argues that a housing shortage, particularly in coastal regions, led to migration and subsequent demand spikes in other areas like Phoenix and Las Vegas. He attributes the 2008 crisis and the ensuing market collapse primarily to the federal government's tightening of mortgage availability, not an overbuilt market. Erdmann also discusses the current and future state of the housing market, asserting that a significant housing shortage persists and will take many years to resolve, influencing factors like rent inflation, household formation, and even fertility rates. #KevinErdman #HousingShortage #GreatRecession #MortgageCrackdown #RegulatoryCrackdowns #PopulationGrowth #HouseholdFormation #RentInflation #RegionalShortages #MigrationEvent #HousingCrisis #ConstructionTrends #FailureToLaunch #ExpertsAreWrong   https://kevinerdmann.substack.com/   Key Takeaways: Jason's editorial 1:27 Charlie Kirk the fascist 4:34 Seek out alternative news source 7:47 Rate cut; a little, too late 9:00 Join us at Phoenix https://www.jasonhartman.com/Phoenix  12:04 Very motivated builders 13:16 https://JasonHartman.com/Ai   Kevin Erdmann interview 16:43 The reason we went into a recession 29:56 Sponsor: https://www.monetary-metals.com/Hartman 30:29 What is the state of the housing market currently 39:21 Chart: Housing inventory 47:32 Fertility and singing a different tune  by 2040   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com

This week we talk about stablecoins, crypto assets, and conflicts of interest.We also discuss the crypto industry, political contributions, and regulatory guardrails.Recommended Book: Throne of Glass by Sarah J. MaasTranscriptA cryptocoin is a unit of cryptocurrency. A cryptocurrency is a type of digital currency that uses some kind of non-central means of managing its ledger—keeping track of who has how much of it, basically.There have been other types of digital currency over the years, but cryptocurrencies often rely on the blockchain or a similarly distributed means of keeping tabs on who has what. A blockchain is a database, often public, of users and a list of those users' assets that's distributed between users, and it makes use of some kind of consensus mechanism to determine who actually owns what.Some cryptocurrencies ebb and flow in value, and are thus traded more like a stock or other type of non-fixed, finite asset. Bitcoin, for instance, is often treated like gold or high-growth stocks. NFTs, similarly, create a sort of artificial scarcity, producing unique digital goods by putting their ownership on a blockchain or other proof-of-ownership system.Stablecoins are also cryptocurrencies, but instead of floating, their value growing and dropping based on the interest of would-be buyers, they are meant to maintain a steady value—to be stable, like a national currency.In order to achieve this, the folks who maintain stablecoins often use reserve assets to prop up their value. So if you produce a new stablecoin and want to issue a million of them, each worth one US dollar, you might accumulate a million actual US dollars, put those in a bank account, show everybody the number of dollars in that bank account, and then it's pretty easy to argue that those stablecoins are each worth a dollar—each coin is a stand-in for one of the dollars in the bank.In a lot of cases, the people issuing these coins aim for this approach, but instead of doing a direct one-for-one, dollar for coin system, they'll issue a million coins that are meant to be worth a dollar apiece, and they'll put one-hundred-thousand dollars in a bank account, and the other 900,000 will be made up of bitcoin and stocks and other sorts of things that they can argue are worth at least that much.As of mid-2025, about $255 billion worth of stablecoins have been issued, and about 99% of them have been pegged to the US dollar; Tether's USDT, Binance's BUSD, and Circle's USDC are all tethered to the USD, for instance, though other currencies are also used as peg values, including offerings by Tether and Circle that are pegged to the Euro.Stablecoins that are completely or mostly fiat-backed, which means they have a dollar for each coin issued in the bank somewhere, or close to that, tend to be on average more stable than commodity or crypto-backed stablecoins, which rely mostly or entirely on things like bitcoin or gold tucked away somewhere to justify their value. Which makes sense, as while you can argue, hey look, I have a million dollars worth of gold, and I'm issuing a million coins, each worth a dollar, that asset's value can change day-to-day, and that can make the value of those coins precarious, at least compared to fiat-backed alternatives.Because stablecoins are not meant to change in value, they're not useful as sub-ins for stocks or other sorts of interest-generating bets, like bitcoin. Instead, they're primarily used by folks who want to trade cryptoassets for other sorts of cryptoassets, for those who want to avoid paying taxes, or want to otherwise hide their wealth, and for those who want to transfer money in such a way that they can avoid government sanctions and/or tariffs on those sorts of transfers.What I'd like to talk about today is a new US federal law, the GENIUS Act, which was heavily pushed by the crypto industry, and which looks likely to make stablecoins a lot more popular, for better and for worse.—The Guiding and Establishing National Innovation for US Stablecoins Act, or GENIUS Act, was introduced in the Senate by a Republican senator from Tennessee in May of 2025, was passed in June with a bipartisan vote of 68-30—the majority of Republicans and about half of Democratic senators voting in favor of it—and after the House passed it a month later, President Trump signed it into law on July 18.Again, this legislation was heavily pushed by the crypto industry, which generously funded a lot of politicians, mostly Republican, but on both sides of the aisle, in recent years, as it serves folks who want a broader reach for existing stablecoins, and who want to see more stablecoins emerge and flourish, as part of a larger and richer overall crypto industries.Folks who are against this Act, and other laws like it that have been proposed in recent years, contend that while it's a good idea to have some kind of regulation in place for the crypto industry, this approach isn't the right one, as it basically gives the tech world free rein to run their own pseudo-banks, without being subject to the same regulations as actual banks.Which isn't great, according to this argument, as actual banks have to live up to all sorts of standards, most of them oriented around protecting people from the folks running the banks who might otherwise take advantage of them. Those regulations are especially cumbersome in the wake of the 2008 Great Recession, because that severe global economic downturn was in large part caused by exactly these sorts of abuses: bankers going wild with lending mis-labeled assets, those in charge of these banks pocketing a whole lot of money, lots of people losing everything, and lots of institutions going under, leaving those people and the government with the bill, while the folks who did bad things mostly got off scott free.The goal of these bank regulations is to keep that kind of thing from happening again, while also keeping banks from overtly taking advantage of their customers, who often don't know much about the banking options and assets they're being sold on.Allowing tech companies to do very similar things, but without those regulations, seems imprudent, then, because, first, tech companies have shown themselves to be not just willing, but often thrilled to grab whatever they can and get slapped on the wrist for it, later, moving fast and breaking things, basically, and then paying the fines after they've made a fortune, and if they're allowed to step into this space without the same regulations as banks, that gives them a huge competitive advantage over actual financial institutions.It's a bit like if there were a food company that was allowed to dodge food industry regulations, as was thus able to cut their flour with sawdust and sell it to people at the same price as the real thing. People would suffer, their competition, which sells actual flour would suffer, because they wouldn't be able to compete with a company that doesn't play by the same rules, and the companies that sell the inferior products without anyone being able to stop them would probably get away with it for a while, before then closing up shop, pocketing all that money, and starting over again with a different name.This is how things work in a lot of countries with weak regulatory systems, and it creates so much distrust in the economic sphere that things cost more, the quality of everything is very low, and it's nearly impossible to ever punish those who cause and perpetuate harm.That's at the root of many arguments against the GENIUS Act: concerns that a lack of consumer protections will lead to a situation in which we have growing systemic risk, caused by tech entities taking bigger and bigger risks with other people's money, like in the buildup to the 2008 recession, while simultaneously more legit institutions are elbowed out, unable to compete because they have to spend more and work harder to adhere to the regulations that the new players can ignore.It's worth mentioning here, too, that the Trump family has issued their own cryptocoins, and reportedly already profited to the tune of several billion dollars as a result of that issuance, that the Trumps have their own stablecoin, which they're promoting as an upgrade to the US dollar, that the early backers of these coins include foreign governments and their interconnected companies, like the Emirati-backed MGX, that the Trump children have their own crypto-asset companies, including one that's listed on the Nasdaq, and which is profiting from the increasing popularity and legalization of the industry in the US, and that Trump's media company, which owns Truth Social, also has a multi-billion-dollar bitcoin portfolio, alongside a whole lot of other crypto-coins, which the president has been pushing, and his family has been promoting overseas, using his name and office.All of which points at another conflict of interest issue here, that the president and his family seem to be self-enriching at an incredibly rapid pace and at a very high level, in part by pushing this and similar legislation.People in the crypto industry lavishly spent on his campaign, and they are entwined with his family's business interests, which makes it difficult to separate what might be good for the country, in an objective way, from what's good for Trump and his family, in the sense of using the office to grow wealthier and wealthier—and that's true both in the sense that crypto-assets allegedly allow his family to take bribes in a fairly anonymous and deniable way, but also in the sense that people who buy his memecoins and buy into his stablecoin ventures and buy more bitcoin and similar assets that he already holds, also increase the value of his existing assets, and using the office of the presidency to enrich oneself in that way is the sort of thing they never really made illegal because they didn't think anyone would be brazen or shameless enough to do it.There's a lot going on here, then, and while there are some arguments that this sort of legislation is a good starting point to get some eventual, actual guardrails on the crypto industry in the US, the concerns related to those tech world incentives, and the possibility and reality of the president and his family profiting from this legislation, would seem to make this effort a lot more questionable than prudent, and loaded with a lot more downsides than upsides, even if, again, the majority of lawmakers voted for it, and a lot of people are excited about it for all sorts of reasons.Show Noteshttps://www.wired.com/story/genius-act-loophole-stablecoins-banks/https://www.weforum.org/stories/2025/07/stablecoin-regulation-genius-act/https://en.wikipedia.org/wiki/GENIUS_Acthttps://apnews.com/article/donald-trump-stablecoins-congress-cryptocurrency-94fa3c85e32ec6fd5a55576cf46e58eahttps://advocacy.consumerreports.org/press_release/senate-oks-genius-act-without-safeguards-needed-to-protect-consumers-and-the-financial-system-from-stablecoin-risks/https://www.cnn.com/2025/09/03/politics/crypto-trump-bitcoin-wlfi-stablecoin-analysishttps://en.wikipedia.org/wiki/Cryptocurrencyhttps://en.wikipedia.org/wiki/Stablecoin This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit letsknowthings.substack.com/subscribe

Join Will Humphreys on this insightful episode of the Will Power Podcast with special guest Bob Herrmann, a pediatric therapy practice owner. Bob's journey from a childhood entrepreneurial spirit to co-founding a thriving pediatric therapy business with his wife, Lisa, is a masterclass in purpose-driven leadership.Bob shares the defining moments of his career, including the Great Recession's impact on his business and the pivotal decision to focus on a single venture. Discover how he and his wife harnessed their complementary strengths, her clinical expertise and his business acumen, to build Team For Kids.Learn why Bob believes in a "people-first" business model, where investing in your team and fostering their growth creates a powerful, self-sustaining culture. He reveals the incredible story of Kayla, who rose from a part-time therapy aide to the Operations Director, showcasing the magic of delegation and trust.This episode is packed with actionable insights for entrepreneurs and leaders looking to scale their businesses without sacrificing their freedom. Bob discusses:Pivotal mindset shifts: Embracing the idea that your best ideas may not always be your own and the importance of humility.The power of a "people-first" culture: Why focusing on your team as your primary customer leads to better patient outcomes and financial success.Technology for liberation: How AI tools like ChatGPT, Trainual, and Raintree have automated processes, saved hundreds of hours, and created an "easy button" for his team.Balancing work and life: Bob shares his personal story of rediscovering golf with his sons and the value of intentional family time.The future of business: His perspective on the synergy between AI and virtual assistants (VAs) and why he sees them as "power tools" that enhance, not replace, human potential.Bob's story is a powerful reminder that true freedom isn't about avoiding work, but about creating the space to do what you love. Don't miss this episode!Send us a textVirtual Rockstars specialize in helping support or replace all non-clinical roles.Learn how a Virtual Rockstar can help scale your physical therapy practice.Subscribe here to our completely free Stress-Free PT Newsletter for your weekly dose of joy.

So are millennials really the unluckiest generation? Yes and no. At least according to their unofficial biographer, Charlie Wells, the energetic London based Bloomberg reporter and author of What Happened to Millennials. In a way, Wells is a defender of his much-maligned and misunderstood generation. But his new book is also a kind of confessional of five millennials who, in his view, represent the spirit of those who came of age at the turn of the century. Wells' own soulful mix of forthrightness and insecurity offers a glimpse into the millennial heart. Could it really be the ubiquitous electronic screen that is both the cause and effect of his generation's over-publicized struggles with anxiety? Or are millennials simply the first cohort to have their universal coming-of-age confessions broadcast live for all to see?1. Generational narratives are often outdated Wells argues that millennials are actually 31% wealthier than boomers were at the same age, but the "unlucky generation" story persists. This suggests we cling to generational myths even when underlying data changes.2. Technology made universal struggles visible Critical questioning revealed a core insight: millennial coming-of-age difficulties aren't unique - they're just the first to be documented and broadcast through social media. Previous generations had similar struggles without the surveillance.3. The "lived through" narrative is problematic Challenges to claims about "living through" 9/11 and the Great Recession exposed how generations can inflate shared cultural moments into defining traumas, even when most people weren't directly affected. This suggests we should scrutinize whether collective experiences truly shape entire cohorts or simply become convenient narratives.4. Confessional culture shapes identity Wells connected reality TV's "confessional" format to how millennials communicate - suggesting media formats influence how entire generations process and share experiences, from AOL Instant Messenger to social media oversharing.5. Economic inequality matters more than generational identity The wealth gap between rich and poor millennials ($100,000 wider than for boomers) suggests class divisions within the generation are more significant than generational differences between cohorts.Keen On America is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit keenon.substack.com/subscribe

In this episode, we sit down with Chris Clark to trace his journey from aviation to real estate, and eventually into the world of land investing. Chris shares how his love for surfing took him across the globe, how 9/11 shifted his career as a pilot, and how a chance mentorship opened the door to real estate development and asset management.We dive into his experiences through the Great Recession, managing foreclosed properties for big banks, and discovering the opportunities that led him to land investing. Chris breaks down the early challenges of selling land online, the power of building the right website, and how digital tools reshaped his business model. He also reflects on lessons learned from note portfolios, balancing cash sales with financing, and why larger deals can help reduce costs and stress.He shares his vision for creating a trusted marketplace and explains how technology is changing the way land is bought and sold. From personal growth to practical strategies, Chris's story is filled with insights for anyone looking to succeed in real estate and beyond.===Key Topics:-Chris Clark background and surfing adventures-Transition from aviation to real estate-Mentorship and early real estate experience-Challenges and successes in land investing-Introduction of Acre Fi and future plans===

After the fatal shooting of conservative influencer Charlie Kirk, as well as bomb threats reportedly made against a Michigan lawmaker and Lieutenant Governor, has politics in 2025 become deadly? Also, should state legislators be embarrassed by talk of a fall government shutdown despite not living under the Great Recession circumstances experienced in the prior shutdowns?  MIRS discusses all of this and more with Sen. Veronica Klinefelt (D-Eastpointe), chair of the Senate Appropriations Transportation Subcommittee – and Rep. John Roth (R-Interlochen), chair of the House Appropriations Human Services Subcommittee (2:04). 

The left-wing surge of the U.S. working class during the Great Depression of the 1930s compelled the Democratic Party to prioritize serving the working class more than it had before or would again. It was called the New Deal. In response, the US employer class, angry that taxes on corporations and the rich were used to fund government programs for the people, turned to the Republican Party after World War II ended in 1945 and directed it to roll back the New Deal, reducing or eliminating all it had accomplished. Because the New Deal made the great mistake of leaving profits in the hands of employers, the employers used those profits to provide Republicans with the means to defeat the Democrats and roll back the New Deal. In response, the Democrats sought funding, finding it in the hands of many donors who had supported the Republicans. For many years, the U.S. was led by one party or the other: the GOP rolled back the New Deal faster, while the Democrats did so more slowly—one ruling class, two parties to serve it. The 2008 Great Recession ended the cozy system, as both parties had to protect the privileges of the corporations and the rich, even as the US empire and economy declined. As the mass of people suffered and neither the GOP nor the Democrats stopped it, people became desperate and elected Trump out of rage and hysteria. He did not and will not solve the fundamental problems any more than his predecessors did. For that, a genuinely new and different political party is needed — one that puts the American Working People First, the American majority. The program concludes with suggestions on how such a new party could truly transform the country and address its most pressing problems.   The d@w Team Economic Update with Richard D. Wolff is a DemocracyatWork.info Inc. production. We make it a point to provide the show free of ads and rely on viewer support to continue doing so.  You can support our work by joining our Patreon community:  https://www.patreon.com/democracyatwork Or you can go to our website: https://www.democracyatwork.info/donate     Every donation counts and helps us provide a larger audience with the information they need to better understand the events around the world they can't get anywhere else.  We want to thank our devoted community of supporters who help make this show and others we produce possible each week. We kindly ask you to also support the work we do by encouraging others to subscribe to our YouTube channel and website: www.democracyatwork.info

If the stock market takes a dive… what really happens to commercial real estate? That's exactly what I asked Jeremy Roll — one of the most respected passive investors in the country — in this new episode. We dug into what he's seeing right now in the data, and why he thinks the next 6–9 months could be the tipping point… Inside, you'll hear: Why retail services are flashing Great Recession-style warnings How a softening job market is triggering consumer fear The one chart that has Jeremy certain we're headed for a downturn What that means for multifamily pricing and LP capital And the 3 “domino effects” that crush real estate valuations Plus, we debate whether timing the market is a real strategy… and when Jeremy might finally get off the sidelines. This is one of the most important macro episodes we've done all year. Take Control, Hunter Thompson Resources mentioned in the episode: Jeremy Roll Email Interested in learning how to take your capital raising game to the next level? Meet us at Capital Raiser's Edge. Learn more here: https://raisingcapital.com/cre

"Recent cuts to programs like SNAP and Medicaid really make it harder for rural Americans to get by day to day," says journalist Michelle Polizzi, who recently wrote about her experiences with housing insecurity in rural America during the 2008 financial crisis. This morning, she joins Marketplace's David Brancaccio to discuss safety net programs and financial hardship in rural areas. But first: an update on reports that hundreds of South Korean workers detained in a Georgia immigration raid last week will be flown home.

"Recent cuts to programs like SNAP and Medicaid really make it harder for rural Americans to get by day to day," says journalist Michelle Polizzi, who recently wrote about her experiences with housing insecurity in rural America during the 2008 financial crisis. This morning, she joins Marketplace's David Brancaccio to discuss safety net programs and financial hardship in rural areas. But first: an update on reports that hundreds of South Korean workers detained in a Georgia immigration raid last week will be flown home.

How did a mattress company put $117 million into employees' pockets—and grow 800% in four years? The truth will shock you.

Constructing Student Mobility: How Universities Recruit Students and Shape Pathways between Berkeley and Seoul (MIT Press, 2023) challenges the popular image of the international student in the American imagination, an image of affluence, access, and privilege. In this provocative book, higher education scholar Stephanie Kim argues that universities -- not the students -- create the paths that allow students their international mobility. Focusing on universities in the United States and South Korea that aggressively grew their student pools in the aftermath of the Great Recession, Kim shows the lengths to which universities will go to expand enrollments as they draw from the same pool of top South Korean students. Using ethnographic research gathered over a ten-year period in which international admissions were impacted by the Great Recession, changes in US presidential administrations, and the COVID-19 pandemic, Constructing Student Mobility provides crucial insights into the purpose, effects, and future of student recruitment across the Pacific. Constructing Student Mobility received the Best Book Award from the Association for the Study of Higher Education Council on International Higher Education. Stephanie Kim is a scholar, educator, author, and practitioner in the field of comparative and international higher education. She teaches at Georgetown University, where she is an Associate Professor of the Practice and Faculty Director of Higher Education Administration in the School of Continuing Studies. She is also an affiliated faculty member of the Asian Studies Program in the School of Foreign Service. Leslie Hickman is a translator and writer. She has an MA in Korean Studies from Yonsei University. You can follow her activities here. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

Peter Schiff critiques the August jobs report, analyzes the Federal Reserve's actions, and discusses the implications for gold and the U.S. dollar.This episode is sponsored by Lucy. Go to https://lucy.co/gold and use promo code GOLD to get 20% off your first orderIn this episode of The Peter Schiff Show, host Peter Schiff dives deep into critical economic issues affecting the United States, including a thorough analysis of the latest August Jobs Report, which reveals a troubling trend of job losses reminiscent of the Great Recession. He critiques the economic policies of former President Trump, highlighting the stark contrast between the current labor market and its portrayal as robust by the Federal Reserve. Schiff also explores the implications of a potential constitutional ruling on the independence of the Federal Reserve and its impact on inflation and the dollar. Chapters:00:00 Introduction and Opening Remarks01:26 Discussion on the August Jobs Report04:04 Critique of Trump's Economic Policies07:47 Analysis of the Federal Reserve's Actions14:18 Housing Market Concerns26:29 Gold and Silver Market Insights30:57 Bitcoin vs. Gold: A Comparative Analysis31:29 Bitcoin's Performance Over the Years31:49 The Rise of Bitcoin ETFs and Treasury Companies34:00 The Supreme Court and the Federal Reserve35:40 Constitutional Scrutiny of the Federal Reserve37:16 The Independence of the Federal Reserve48:04 Historical Context of Paper Money in the U.S.55:07 The Future of Gold and the U.S. Dollar56:03 Investment Opportunities and Final ThoughtsFollow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiffSign up for Peter's most valuable insights at https://schiffsovereign.comSchiff Gold News: https://www.schiffgold.com/newsFree Reports & Market Updates: https://www.europac.comBook Store: https://schiffradio.com/books#FederalReserve #BitcoinVsGold #EconomicAnalysisOur Sponsors:* Check out Boll & Branch: https://boilandbranch.com/SCHIFF* Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.comPrivacy & Opt-Out: https://redcircle.com/privacy

Read the article here: https://www.biggerpockets.com/blog/how-local-politics-is-ruining-the-american-dream America's housing shortage isn't just a “problem”—it's a disaster. We're already short 5 to 6 million homes, and without major changes, that gap could balloon to 15 million within a decade. In this episode, we'll trace how the Great Recession and decades of restrictive zoning set the stage for today's crisis, explain why local politics keep killing affordable housing projects, and show how lot sizes, setback rules, and “neighborhood character” arguments drive up costs. Finally, we'll explore why state-level reform may be the only path forward if the American Dream is to remain within reach. Learn more about your ad choices. Visit megaphone.fm/adchoices

If your financial plan requires you to wait 30 years to enjoy life, it's time for a serious upgrade. In this episode of Sharkpreneur, Seth Greene interviews Chris Miles, the Cash Flow Expert and Anti-Financial Advisor, who is the host of the Money Ripples Podcast, with nearly 1,000 episodes helping people build real, work-optional lives. A former financial advisor turned rebel investor, Chris retired at 28 using passive income strategies—only to rebuild again after the Great Recession taught him what absolute financial independence takes. Now he helps business owners and professionals ditch traditional advice, free up trapped capital, and create multiple income streams that support freedom today, not decades from now. Key Takeaways: → Why locking money away in 401(k)s and IRAs is often a mistake. → How business owners can leverage cash flow for growth and freedom. → The power of nurturing leads through long-form content like podcasts. → Learn the biggest financial myths that keep entrepreneurs broke. → How Money Ripples' mission is to create work-optional lives. Chris Miles, the Cash Flow Expert and Anti-Financial Advisor, is a leading authority on teaching entrepreneurs and professionals how to make their money work for them today. Chris has used his knowledge not once, but twice, to become financially independent—where his passive income exceeds his expenses and he paid off his $1 million debt after the last recession without declaring bankruptcy. He has been featured in US News, CNN Money, Entrepreneurs on Fire, and Bigger Pockets. He has a proven track record with his company, Money Ripples, of helping clients achieve quick financial results. In fact, his personal clients have increased their cash flow by nearly $300 million over the last 12 years. Connect With Chris: Website Instagram TikTok X Facebook LinkedIn Learn more about your ad choices. Visit megaphone.fm/adchoices

As a new crop of students start school this fall, Bay Area colleges and universities are navigating headwinds ranging from funding cuts to a shrinking student population. Fewer Californians are enrolling in college than a decade ago and now schools are bracing for a “demographic cliff,” a drop in high school graduates stemming from lower birth rates after the Great Recession. At the same time, college graduates are vital to the region's economy and a degree remains a reliable path for social advancement. We'll talk with the presidents of San Francisco State University, Saint Mary's College and West Valley College about how they are managing those major challenges while pursuing their missions. Guests: Roger Thompson, president, Saint Mary's College of California Lynn Mahoney, president, San Francisco State University Jennifer Taylor-Mendoza, president, West Valley College Learn more about your ad choices. Visit megaphone.fm/adchoices

Watch The X22 Report On Video No videos found (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:17532056201798502,size:[0, 0],id:"ld-9437-3289"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");pt> Click On Picture To See Larger PictureThere is virtually no inflation, the Fed predictions have not come true, energy prices are down, so why isn't the Fed lowering the rates by 2 to 3 points? ECB panics over Trump going after the Fed, their world is about to be destroyed. If Trump did not create the parallel system the country would be in a depression right now. The [DS] wants a war, it is part of the 16 year plan and they are trying to move forward with it. The EU has blamed Russia for the illegal problem, cyber attacks and now Ursla says Russia jammed her plane and she had to land. Scare Event will be necessary to have peace. Trump has now called out Big Pharma. Big Pharma gave Trump the covid vaccine results but has not shown the same results to the public, Trump wants them to be transparent. Did Big Pharma lie to Trump during covid to push their vaccines?   Economy (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:18510697282300316,size:[0, 0],id:"ld-8599-9832"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");  President Trump Calls on Judge Jia Cobb to Recuse Herself From Lawsuit by Fired Federal Reserve Board Member Lisa Cook After Sorority They Are Both Members of Releases Statement in Support of Cook  President Donald Trump posted a statement Sunday night calling on U.S. District Judge Jia Cobb to recuse herself from presiding over the lawsuit by Federal Reserve Board of Governors member Lisa Cook challenging Trump's firing of her from the Fed last Monday over allegations of mortgage fraud. https://twitter.com/RapidResponse47/status/1962326210312016149?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1962326210312016149%7Ctwgr%5Ebf1a09094e9d30de8c0fd36bfbd472dd31c215bb%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thegatewaypundit.com%2F2025%2F09%2Fpresident-trump-calls-judge-jia-cobb-recuse-herself%2F Source: thegatewaypundit.com Trump's Pressure on the Fed Poses a ‘Very Serious Danger,' ECB President Warns President Donald Trump's push to take control of the Federal Reserve could pose a serious threat to the U.S. and global economy, European Central Bank President Christine Lagarde has warned. It would be “very difficult” for Trump to take control of the Fed because he can only remove Fed governors if the Supreme Court finds them guilty of serious misconduct, Lagarde told France's Radio Classique on Monday. “If he succeeds, that would be a very serious danger for the American and global economy,” Lagarde said. Source: barrons.com Bessent: Trump May Declare National Housing Emergency This Fall Treasury Secretary Scott Bessent told the Washington Examiner on Monday that President Donald Trump might declare a national housing emergency this fall to address rising prices and dwindling supply. It would be the first national housing emergency since the Great Recession, Datoc reported, when the housing bubble burst as President Barack Obama was preparing to take over the White House from former President George W. Bush. Trump blasted Federal Reserve Chair Jerome Powell earlier this month for "hurting" the housing industry "very badly" as he campaigned for a reduction in interest rates. Trump has repeatedly urged Powell to cut interest rates while also sharply criticizing Powell.

I don't have a news segment today because I was up late hosting our subscriber hangout and have to leave early to get on the road for a college visit with my daughter  Watch this conversation over at the YouTubes Stand Up is a daily podcast. I book,host,edit, post and promote new episodes with brilliant guests every day. This show is Ad free and fully supported by listeners like you! Please subscribe now for as little as 5$ and gain access to a community of over 750 awesome, curious, kind, funny, brilliant, generous souls Today's guest is Michigan State Senator Mallory Mcmorrow.  Mallory has joined me a few times before and I really enjoyed this conversation Check out her Campaign Website and tell your friends in Michigan Meet Mallory McMorrow Mallory was raised with the small-town values she lives by today. Her front door was never locked, and kids from the neighborhood were always welcome to grab a snack, stay for dinner, or spend the night. Her mother worked full time, raised four kids and cared for her grandmother, who moved in when she was stricken with multiple sclerosis. The definition of hard work and selfless service, Mallory's mom still found time to bring the community together for an annual town-wide yard sale and take Mallory and her siblings to volunteer at the local soup kitchen. Following in her mother's footsteps, at 12 years old, Mallory got her first job serving coffee at BINGO night at the local volunteer firehouse. By 16, she was a manager at a local family-run grocery store. She worked as a bartender and in various jobs on campus as she earned her degree from the University of Notre Dame, where she was nicknamed “car girl” by her classmates and in her senior year won an international car design competition. But when she graduated in the middle of the Great Recession of 2008 with no healthcare, no job prospects, and student loans coming due, Mallory went from designing cars to spending a few nights sleeping in the backseat of one as she tried to land on her feet. Refusing to give up, Mallory became an industrial designer, creative director, and small business owner, working on concepts for everything from cars to Hot Wheels to documentary films to commercials, live events, and branding for local businesses. She never planned to enter the political arena, but fed up after the 2016 election – and driven by a belief that politics should be about service, not self-interest – she googled, “how to run for office.” Through sheer determination, she inspired hundreds of local volunteers to help her swing a Republican-held state Senate seat by 20 points, flipping a district that included Mitt Romney's home town. When a right-wing state senator baselessly referred to Mallory as a “groomer” in a fundraising email, she took to the floor of the Michigan state Senate and, in a now-viral speech, she memorably declared that, “we will not let hate win.” The speech showcased her courage and moral clarity, leading James Carville to say “I'd show this tape as an instructional video,” and the New York Times to label her “one of the Democratic Party's most promising young talents.”   She used her newfound platform to help flip control of the Michigan Senate for the first time in 40 years, then she got to work: strengthening unions and raising wages, getting rid of the retirement tax on seniors, expanding civil rights, repealing the state's 1931 abortion ban, banning child marriage, tackling gun violence, expanding affordable housing, feeding kids in schools, and so much more. Mallory will bring that same determination to deliver for Michigan families to the U.S. Senate. She and her husband Ray were married in Detroit's Eastern Market. Along with their young daughter and rescue dog, they're proud to call Royal Oak home. Join us Monday's and Thursday's at 8EST for our Bi Weekly Happy Hour Hangout's !  Pete on Threads Pete on Tik Tok Pete on YouTube Pete on Twitter Pete On Instagram Pete Personal FB page Stand Up with Pete FB page All things Jon Carroll Follow and Support Pete Coe Buy Ava's Art

This week we talk about General Motors, the Great Recession, and semiconductors.We also discuss Goldman Sachs, US Steel, and nationalization.Recommended Book: Abundance by Ezra Klein and Derek ThompsonTranscriptNationalization refers to the process through which a government takes control of a business or business asset.Sometimes this is the result of a new administration or regime taking control of a government, which decides to change how things work, so it gobbles up things like oil companies or railroads or manufacturing hubs, because that stuff is considered to be fundamental enough that it cannot be left to the whims, and the ebbs and eddies and unpredictable variables of a free market; the nation needs reliable oil, it needs to be churning out nails and screws and bullets, so the government grabs the means of producing these things to ensure nothing stops that kind of output or operation.That more holistic reworking of a nation's economy so that it reflects some kind of socialist setup is typically referred to as socialization, though commentary on the matter will still often refer to the individual instances of the government taking ownership over something that was previously private as nationalization.In other cases these sorts of assets are nationalized in order to right some kind of perceived wrong, as was the case when the French government, in the wake of WWII, nationalized the automobile company Renault for its alleged collaboration with the Nazis when they occupied France.The circumstances of that nationalization were questioned, as there was a lot of political scuffling between capitalist and communist interests in the country at that time, and some saw this as a means of getting back against the company's owner, Louis Renault, for his recent, violent actions against workers who had gone on strike before France's occupation—but whatever the details, France scooped up Renault and turned it into a state-owned company, and in 1994, the government decided that its ownership of the company was keeping its products from competing on the market, and in 1996 it was privatized and they started selling public shares, though the French government still owns about 15% of the company.Nationalization is more common in some non-socialist nations than others, as there are generally considered to be significant pros and cons associated with such ownership.The major benefit of such ownership is that a government owned, or partially government owned entity will tend to have the government on its side to a greater or lesser degree, which can make it more competitive internationally, in the sense that laws will be passed to help it flourish and grow, and it may even benefit from direct infusions of money, when needed, especially with international competition heats up, and because it generally allows that company to operate as a piece of government infrastructure, rather than just a normal business.Instead of being completely prone to the winds of economic fortune, then, the US government can ensure that Amtrak, a primarily state-owned train company that's structured as a for-profit business, but which has a government-appointed board and benefits from federal funding, is able to keep functioning, even when demand for train services is low, and barbarians at the gate, like plane-based cargo shipping and passenger hauling, becomes a lot more competitive, maybe even to the point that a non-government-owned entity may have long-since gone under, or dramatically reduced its service area, by economic necessity.A major downside often cited by free-market people, though, is that these sorts of companies tend to do poorly, in terms of providing the best possible service, and in terms of making enough money to pay for themselves—services like Amtrak are structured so that they pay as much of their own expenses as much as possible, for instance, but are seldom able to do so, requiring injections of resources from the government to stay afloat, and as a result, they have trouble updating and even maintaining their infrastructure.Private companies tend to be a lot more agile and competitive because they have to be, and because they often have leadership that is less political in nature, and more oriented around doing better than their also private competition, rather than merely surviving.What I'd like to talk about today is another vital industry that seems to have become so vital, like trains, that the US government is keen to ensure it doesn't go under, and a stake that the US government took in one of its most historically significant, but recently struggling companies.—The Emergency Economic Stabilization Act of 2008 was a law passed by the US government after the initial whammy of the Great Recession, which created a bunch of bailouts for mostly financial institutions that, if they went under, it was suspected, would have caused even more damage to the US economy.These banks had been playing fast and loose with toxic assets for a while, filling their pockets with money, but doing so in a precarious and unsustainable manner.As a result, when it became clear these assets were terrible, the dominos started falling, all these institutions started going under, and the government realized that they would either lose a significant portion of their banks and other financial institutions, or they'd have to bail them out—give them money, basically.Which wasn't a popular solution, as it looked a lot like rewarding bad behavior, and making some businesses, private businesses, too big to fail, because the country's economy relied on them to some degree. But that's the decision the government made, and some of these institutions, like Goldman Sachs, had their toxic assets bought by the government, removing these things from their balance sheets so they could keep operating as normal. Others declared bankruptcy and were placed under government control, including Fannie Mae and Freddie Mac, which were previously government supported, but not government run.The American International Group, the fifth largest insurer in the world at that point, was bought by the US government—it took 92% of the company in exchange for $141.8 billion in assistance, to help it stay afloat—and General Motors, not a financial institution, but a car company that was deemed vital to the continued existence of the US auto market, went bankrupt, the fourth largest bankruptcy in US history. The government allowed its assets to be bought by a new company, also called GM, which would then function as normal, which allowed the company to keep operating, employees to keep being paid, and so on, but as part of that process, the company was given a total of $51 billion by the government, which took a majority stake in the new company in exchange.In late-2013, the US government sold its final shares of GM stock, having lost about $10.7 billion over the course of that ownership, though it's estimated that about 1.5 million jobs were saved as a result of keeping GM and Chrysler, which went through a similar process, afloat, rather than letting them go under, as some people would have preferred.In mid-August of this year, the US government took another stake in a big, historically significant company, though this time the company in question wasn't going through a recession-sparked bankruptcy—it was just falling way behind its competition, and was looking less and less likely to ever catch up.Intel was founded 1968, and it designs, produces, and sells all sorts of semiconductor products, like the microprocessors—the computer chips—that power all sorts of things, these days.Intel created the world's first commercial computer chip back in 1971, and in the 1990s, its products were in basically every computer that hit the market, its range and dominance expanding with the range and dominance of Microsoft's Windows operating system, achieving a market share of about 90% in the mid- to late-1990s.Beginning in the early 2000s, though, other competitors, like AMD, began to chip away at Intel's dominance, and though it still boasts a CPU market share of around 67% as of Q2 of 2025, it has fallen way behind competitors like Nvidia in the graphics card market, and behind Samsung in the larger semiconductor market.And that's a problem for Intel, as while CPUs are still important, the overall computing-things, high-tech gadget space has been shifting toward stuff that Intel doesn't make, or doesn't do well.Smaller things, graphics-intensive things. Basically all the hardware that's powered the gaming, crypto, and AI markets, alongside the stuff crammed into increasingly small personal devices, are things that Intel just isn't very good at, and doesn't seem to have a solid means of getting better at, so it's a sort of aging giant in the computer world—still big and impressive, but with an outlook that keeps getting worse and worse, with each new generation of hardware, and each new innovation that seems to require stuff it doesn't produce, or doesn't produce good versions of.This is why, despite being a very unusual move, the US government's decision to buy a 10% stake in Intel for $8.9 billion didn't come as a total surprise.The CEO of Intel had been raising the possibility of some kind of bailout, positioning Intel as a vital US asset, similar to all those banks and to GM—if it went under, it would mean the US losing a vital piece of the global semiconductor pie. The government already gave Intel $2.2 billion as part of the CHIPS and Science Act, which was signed into law under the Biden administration, and which was meant to shore-up US competitiveness in that space, but that was a freebie—this new injection of resources wasn't free.Response to this move has been mixed. Some analysts think President Trump's penchant for netting the government shares in companies it does stuff for—as was the case with US Steel giving the US government a so-called ‘golden share' of its company in exchange for allowing the company to merge with Japan-based Nippon Steel, that share granting a small degree of governance authority within the company—they think that sort of quid-pro-quo is smart, as in some cases it may result in profits for a government that's increasingly underwater in terms of debt, and in others it gives some authority over future decisions, giving the government more levers to use, beyond legal ones, in steering these vital companies the way it wants to steer them.Others are concerned about this turn of events, though, as it seems, theoretically at least, anti-competitive. After all, if the US government profits when Intel does well, now that it owns a huge chunk of the company, doesn't that incentivize the government to pass laws that favor Intel over its competitors? And even if the government doesn't do anything like that overtly, doesn't that create a sort of chilling effect on the market, making it less likely serious competitors will even emerge, because investors might be too spooked to invest in something that would be going up against a partially government-owned entity?There are still questions about the legality of this move, as it may be that the CHIPS Act doesn't allow the US government to convert grants into equity, and it may be that shareholders will find other ways to rebel against the seeming high-pressure tactics from the White House, which included threats by Trump to force the firing of its CEO, in part by withholding some of the company's federal grants, if he didn't agree to giving the government a portion of the company in exchange for assistance.This also raises the prospect that Intel, like those other bailed-out companies, has become de facto too big to fail, which could lead to stagnation in the company, especially if the White House goes further in putting its thumb on the scale, forcing more companies, in the US and elsewhere, to do business with the company, despite its often uncompetitive offerings.While there's a chance that Intel takes this influx of resources and support and runs with it, catching up to competitors that have left it in the dust and rebuilding itself into something a lot more internationally competitive, then, there's also the chance that it continues to flail, but for much longer than it would have, otherwise, because of that artificial support and government backing.Show Noteshttps://www.reuters.com/legal/legalindustry/did-trump-save-intel-not-really-2025-08-23/https://www.nytimes.com/2025/08/23/business/trump-intel-us-steel-nvidia.htmlhttps://arstechnica.com/tech-policy/2025/08/intel-agrees-to-sell-the-us-a-10-stake-trump-says-hyping-great-deal/https://en.wikipedia.org/wiki/General_Motors_Chapter_11_reorganizationhttps://www.investopedia.com/articles/economics/08/government-financial-bailout.asphttps://www.tomshardware.com/pc-components/cpus/amds-desktop-pc-market-share-hits-a-new-high-as-server-gains-slow-down-intel-now-only-outsells-amd-2-1-down-from-9-1-a-few-years-agohttps://www.spglobal.com/commodity-insights/en/news-research/latest-news/metals/062625-in-rare-deal-for-us-government-owns-a-piece-of-us-steelhttps://en.wikipedia.org/wiki/Renaulthttps://en.wikipedia.org/wiki/State-owned_enterprises_of_the_United_Stateshttps://247wallst.com/special-report/2021/04/07/businesses-run-by-the-us-government/https://en.wikipedia.org/wiki/Nationalizationhttps://www.amtrak.com/stakeholder-faqshttps://en.wikipedia.org/wiki/General_Motors_Chapter_11_reorganization This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit letsknowthings.substack.com/subscribe

Let's talk about unemployment fears being higher than the great recession....