Podcasts about The Heritage Foundation

The refusal of Democrat leaders in the senate to pass funding for the Department of HOmeland Security has had ramifications across the country. It has affected employees of FEMA, the Coast Guard, the TSA, and many other agencies. To explain why this happening and what to expect in the coming weeeks, I sat down with Lora Ries, Director of the Border Security and Immigration Center, here at the Heritage Foundation. --- Thoughts? Questions? Email us at: heritageexplains@heritage.org.  --- Lora Ries on X: https://x.com/lora_ries 

Ever since Leo Strauss published his magnum opus Natural Right and History, which ends by heavily implying Edmund Burke opened the door for the evils of historicism in the modern world, a great fissure in conservative nerddom erupted between those who align with either titan. Were Strauss' criticism of Burke warranted? Did Burke disavow natural rights and pave the way for the evils of authoritarianism, fascism, Marxism, and progressivism to come? Does a careful, esoteric reading of Natural Right and History reveal the Strauss secret family chili recipe? Saving Elephants has assembled an all-star panel to answer these questions and more.   Representing Edmund Burke: Dr. Gregory Collins is one of the most celebrated Burke scholars of the rising generation. He is a Lecturer in the Department of Political Science and Program on Ethics, Politics, and Economics at Yale University. He recently received the Buckley Institute's 2024 Lux and Veritas Faculty Prize. His first book, Commerce and Manners in Edmund Burke's Political Economy, examined Edmund Burke's understanding of the connection between markets and morals. Greg has also published articles on Adam Smith, F.A. Hayek, Frederick Douglass, Eric Voegelin, Leo Strauss, and Britain's East India Company. His additional writings and book reviews can be found in Modern Age, Law & Liberty, National Affairs, National Review, and University Bookman.  You can follow Greg on Twitter @GregCollins111   Lauren Hall is an author and professor helping people combat overwhelm in an age of extremes. Her writing rejects binary and black-and-white thinking to help people lead more balanced lives, build stronger relationships, and restore individual and civic well-being. Hall is a 2024 Pluralism Fellow with the Mercatus Center's Program on Pluralism and Civil Exchange and serves on the Board of Advisors for the Prohuman Foundation. Her Substack and speaking spread the message of radical moderation to new audiences via public writing, speaking, and podcast interviews. Hall has presented her work on radical moderation at conferences including the Heterodox Academy Conference, the State Policy Network Conference, the Mercatus Center's Pluralism Summit, and various political science and related conferences and has a range of talks and podcast interviews available on radical moderation and other topics. In her "real" job, she is a Professor of Political Science and Associate Dean of Academic Affairs at the Rochester Institute of Technology (RIT) and author of the books Family and the Politics of Moderation (Baylor U. Press, 2014) and The Medicalization of Birth and Death (Johns Hopkins U. Press, 2019). Hall has a PhD in Political Science from Northern Illinois University (2007) and a BA in Philosophy from Binghamton University (2002).   Representing Strauss: Steven F. Hayward is a fellow of the Public Law and Policy Program at Berkeley Law and visiting professor in School of Public Policy at Pepperdine University. Steven frequently writes on a wide range of current topics, including environmentalism, law, economics, and public policy for publications including National Review, Reason, The Weekly Standard, The American Spectator, The Public Interest, the Claremont Review of Books, and the Policy Review at the Hoover Institution.  His newspaper articles have appeared in the New York Times, Washington Post, The Wall Street Journal, the San Francisco Chronicle, the Chicago Tribune, and dozens of other daily newspapers. He is the author of a two-volume narrative history of Ronald Reagan and his effect on American political life, The Age of Reagan: The Fall of the Old Liberal Order, 1964-1980, and The Age of Reagan: The Conservative Counter-Revolution, 1980-1989.  His other books include Index of Leading Environmental Indicators; The Almanac of Environmental Trends; Mere Environmentalism: A Biblical Perspective on Humans and the Natural World, Churchill on Leadership; Greatness: Reagan, Churchill, and the Making of Extraordinary Leaders; Patriotism Is Not Enough; and M. Stanton Evans: Conservative Wit, Apostle of Freedom. Steven has also served as visiting fellow professor, scholar, or lecturer at the Intercollegiate Studies Institute (ISI), Ashland University, Mont Pelerin Society, Pacific Research Institute, The Heritage Foundation, American Enterprise Institute, Georgetown University, The Fund for American Studies, and University of Colorado Boulder. His blog, powerlineblog.com, is one of the nation's most-read political websites.   The international woman of mystery, Lucretia, teaches at the University of Arizona.  Steve and Lucretia—along with John Yoo—host the 3 Whiskey Happy Hour podcast.  

In this episode, guest host Ben Whedon sits down with Hans von Spakovsky, a senior legal fellow at Advancing American Freedom, to discuss the upcoming vote on the SAFE Act and its implications for election integrity. We explore the challenges Senate Majority Leader John Thune faces in bringing the bill to the floor, the political dynamics surrounding the legislation, and how this all ties into the upcoming midterm elections.Additionally, Ben Laura Ries, the director of the Heritage Foundation's Border Security Center, to discuss the ongoing shutdown of the Department of Homeland Security. We delve into the implications of this shutdown on national security, including the staffing of TSA and the potential rise in security threats. Ries shares insights on the impact of immigration policies and the political maneuvering surrounding ICE and CBP funding. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Journalist David Graham reflects on Project 2025, the blueprint that the Heritage Foundation drafted for Trump's second term, and if its goals have been achieved so far – on the environment and economy, attacking trans rights and diversity policies, and projecting military might abroad. He also discusses what may come next. David A. Graham, The Project: How Project 2025 Is Reshaping America Random House, 2025 The post Project 2025, A Year In appeared first on KPFA.

0:30 - Conan at the Oscars 13:20 - Tucker 36:33 - Detention story hoax 01:12:03 - Steven Bucci of The Heritage Foundation breaks down the escalating Iran crisis and what it will take for the U.S. to secure and reopen the Strait of Hormuz. 01:33:07 - Retired FBI agent and Unabomber profiler James Fitzgerald, co-host of Cold Red, warns about recent terror attacks in the U.S. and what could come next. For podcast updates & more @JFitzJourney 01:54:26 - Elad Strohmayer, Israel’s Consul General to the Midwest, condemns Tucker Carlson’s comments on Israel as antisemitic and stresses the need to be cautious about his influence. 02:09:41 - Christian Toto of HollywoodInToto.com wraps up the Oscars.See omnystudio.com/listener for privacy information.

Now with more than half of the measures in Project 2025 implemented by the Trump administration, The Heritage Foundation is now looking to roll back the rights of American women; The New York Times' Maureen Farrell discusses her new reporting on Jared Kushner's attempt to raise billions for his private equity firm from foreign governments, despite serving as an envoy for President Trump; and Democratic Rep. Robin Kelly makes the case for why she should be the next U.S. senator from Illinois. To listen to this show and other MS podcasts without ads, sign up for MS NOW Premium on Apple Podcasts. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Shaun shines light on what Islam really is. PLUS, Robert Steinbuch, Professor of Law at University of Arkansas - Little Rock, talks to Shaun about free speech versus hate speech, the Democrats enriching Iran, and voter ID laws. And Emma Waters, Policy Analyst at The Heritage Foundation and author of the new book Lead Like Jael: 7 Timeless Principles for Today's Women of Faith, talks to Shaun about the birth rate decline and how the complete replacement of the American family is by design.See omnystudio.com/listener for privacy information.

As their public approval sinks lower and lower, the MAGA right is leaning harder and harder into policies of abject cruelty directed at vulnerable populations that have been turned into sacrificial scapegoats; that is especially true when it comes to immigrants and trans people. In the state of Kansas, for instance, Republicans just rammed through one of the most extreme anti-trans bills in the country. TRNN Editor-in-Chief speaks with journalist and LGBTQ+ policy analyst Erin Reed about how the new law is affecting trans Kansans and about the explosion of anti-trans policies around the country. Additional links/info: Erin Reed website, Substack, Facebook page, Bluesky page, TikTok, and Instagram Erin Reed, Substack, “Anti-Trans National Legal Risk Assessment Map: Feb 2026”Erin Reed, Substack, “"You outlaw it": Heritage Foundation President announces intent to outlaw all trans adult care”Sherman Smith & Morgan Chilson, Kansas Reflector, “Trans Kansans struggle with Legislature's ‘cruelty' as driver's licenses are invalidated”Sherman Smith, Kansas Reflector, “Trans men file lawsuit over Kansas law that restricts bathroom use and invalidates driver's licenses”Credits:Audio Post-Production: Alina Nehlich Become a supporter of this podcast: https://www.spreaker.com/podcast/the-real-news-podcast--2952221/support.Help us continue producing radically independent news and in-depth analysis by following us and becoming a monthly sustainer.Follow us on:Bluesky: @therealnews.comFacebook: The Real News NetworkTwitter: @TheRealNewsYouTube: @therealnewsInstagram: @therealnewsnetworkBecome a member and join the Supporters Club for The Real News Podcast today!

In early February, clips began circulating from Trump's Religious Liberty Commission hearing, where the former Miss California Carrie Prejean Boller challenged Jewish activists Yitzhak Frankel and Shabbos Kestenbaum about the killing of Palestinian civilians in Gaza and the conflation of anti-Zionism and antisemitism. Notably, Prejean Boller framed her opposition to political Zionism in terms of her Catholicism: “I'm a Catholic and Catholics do not embrace Zionism,” she said. She raised the charge of deicide, reading the New Testament verse about the Jews killing Jesus and questioning a panelist about whether he would have tech platforms censor the Bible on account of antisemitism claims. And she challenged the theology undergirding evangelical support for Zionism, dispensationalism, which understands Jews as God's chosen people that help fulfill the end times prophecy by settling in the land of Israel. A number of prominent “America First” isolationists are Catholic, including Pat Buchanan, one of the fathers of America First paleoconservatism who famously opposed the Iraq War. Vice President J.D. Vance, Heritage Foundation president Kevin Roberts, far-right strategist Steve Bannon, and columnist Sohrab Ahmari are all America Firsters skeptical of foreign intervention. Catholicism also appears dominant among a cohort of extremist Groyper-style figures infusing their anti-Israel worldview with classically antisemitic language and ideas, including streamers Nick Fuentes and Candace Owens, the Florida gubernatorial candidate James Fishback, and now Prejean Boller, who has aligned herself with Owens in particular. On this episode of On the Nose, Jewish Currents editor-in-chief Arielle Angel speaks with Matthew Cressler, author of the forthcoming Catholics and the Making of MAGA: How an Immigrant Church Became America's Law and Order Faith, and Julie Schumacher Cohen, co-author with Jordan Denari Duffner of the forthcoming Palestine, Israel, and Catholic Social Teaching: A Guide. They discuss how we should understand this apparent connection between skepticism about American intervention abroad and Catholicism. Cressler and Schumacher Cohen explain what Catholic theology has to say about Judaism, Zionism, and the modern political state of Israel. They explore how some figures on the right are hearkening back to the earlier days of the Church—before the Second Vatican Council's modernizing changes, which included a condemnation of antisemitism—and they dissect the antisemitic and fascist threads in the Catholic tradition that are being surfaced in Fuentes's and Owens's rhetoric. Thanks to Jesse Brenneman for editing and to Nathan Salsburg for the use of his song “VIII (All That Were Calculated Have Passed).”Media Mentioned and Further ReadingFifth Religious Liberty Commission Hearings, Parts 1 and 2“Nostra Aetate” from the Second Vatican CouncilMatthew Cressler discussing MAGA Catholics on the Reign of Error podcast “No Catholic Brand of Christian Zionism, or Tolerance for Antisemitism,” Julie Schumacher Cohen and Jordan Denari Duffner, Contending Modernities“Catholic Guilt and Gaza,” Julie Schumacher Cohen, Commonweal Magazine“I am a Catholic. And a Zionist.,” R.R. Reno, The Washington Post“Maga Catholics are on a collision course with Leo XIV. They have good reason to fear him,” Julian Coman, The Guardian“Portrait of a Campus in Crisis,” Will Alden, Jewish Currents“‘Christ is king' becomes a loaded phrase in US political debates, especially on the right,” Peter Smith, Associated PresKevin Roberts's first statement on Nick Fuentes's appearance on Tucker Carlson's showTucker Carlson interviews US Ambassador to Israel Mike Huckabee“The Dangerous Exceptionalism of Christian Zionism,” Halah Ahmad and Mimi Kirk, Al-ShabakaTranscript forthcoming.

Joe Piscopo will be co-hosting with Stephen Parr, Meteorologist for "The Joe Piscopo Show" and co-host of "American Ground Radio" on AM 970 The Answer. Col. Jack Jacobs, a retired colonel in the United States Army and a Medal of Honor recipient for his actions during the Vietnam WarTopic: Latest in Iran; Potential drone threat to the West Coast Assemblyman Dov Hikind, former New York State Assemblyman and the son of holocaust survivorsTopic: Mayor Mamdani's dinner with Mahmoud Khalil Jonathan Hoenig, portfolio manager at Capitalist Pig Hedge Fund LLC and a Fox News ContributorTopic: Iran War's impact on the economy John Iannarelli, former police officer, retired FBI Special Agent, consultant, and the author of "Disorderly Conduct"Topic: Terror threat to the West Coast Liz Peek, Fox News contributor, columnist for Fox News and The Hill, and former partner of major bracket Wall Street firm Wertheim & CompanyTopic: "Iran war could become the achievement that ensures Trump’s legacy" (Fox News op ed) Mark Morgan, Visiting Fellow at the Heritage Foundation, Former Acting Commissioner of U.S. Customs & Border Protection, and Former Assistant Director with the FBITopic: Upheaval in DHS; SAVE Act Pastor Dave Watson, Senior Pastor of Calvary Chapel on Staten Island, Founder and President of the New York Institute of Biblical Studies, and the host of "God in Our City" on WMCATopic: St. Patrick's Day; Our expectations in a war; New York's first Muslim MayorSee omnystudio.com/listener for privacy information.

This week, on March 8, people around the world celebrated International Women's Day. Too often, we've been conditioned to see the complementary of the sexes more as a conflict, and that has ramifications for all of society. At the Heritage Foundation, we believe that there is a better way, where the contributions and uniqueness of men and women are recognized and honored. This week, I wanted to introduce you to one of our most experienced team members, Marguerite Bowling, a Senior Communications Manager here at the Heritage Foundation, who is herself a mother of three, including one daughter. We also recognize the work of Emma Waters, Policy Analyst in the Center for Technology and the Human Person.  --- Thoughts? Questions? Email us at: heritageexplains@heritage.org.  --- Emma Waters on X: https://x.com/emlwaters 

This week, on March 8, people around the world celebrated International Women's Day. Too often, we've been conditioned to see the complementary of the sexes more as a conflict, and that has ramifications for all of society. At the Heritage Foundation, we believe that there is a better way, where the contributions and uniqueness of men and […]

Throughout Biden's presidency, our military was neglected and underfunded. Since Trump came in office just over a year ago, improvements have already been made to our leadership, systems, investments, and morale, but we know that climbing out from under that former degradation and humiliation of our troops takes time. The Heritage Foundation hopes to build […]

WMAL GUEST: BRENT SADLER (Senior Research Fellow at The Heritage Foundation) on President Trump’s announcement that the U.S. military has "completely destroyed" Iran’s mine-laying vessels and the strategic implications of Iran’s attempts to block the Strait of Hormuz. WEBSITE: Heritage.org/Brent-Sadler READ: Trump Says US Military 'Completely Destroyed' 10 Inactive Mine-Laying Boats Where to find more about WMAL's morning show: Follow Podcasts on Apple Podcasts, Audible, and Spotify Follow WMAL's "O'Connor and Company" on X: @WMALDC, @LarryOConnor, @JGunlock, @PatricePinkfile, and @HeatherHunterDC Facebook: WMALDC and Larry O'Connor Instagram: WMALDC Website: WMAL.com/OConnor-Company Episode: Wednesday, March 11, 2026 / 8 AM HourSee omnystudio.com/listener for privacy information.

Marc Cox opens Hour 3 covering severe storms in the Metro East and President Biden's Northern Kentucky visit, then celebrates Bam Adebayo's 83-point NBA game. Heritage Foundation's Mary Vogt discusses legislation protecting houses of worship from violent protests and the Department of Education's new foreign funding disclosure rules. St. Louis Metropolitan Police Chief Robert Tracy joins to explain the state takeover of police facilities, budget disputes, officer pay, crime trends, and local immigration enforcement policies. Kim wraps the hour with a “Kim on a Whim” segment dissecting Gavin Newsom's media coverage, authenticity challenges, and likely 2028 presidential run. Hashtags: #StLouisWeather #BamAdebayo #MaryVogt #HeritageFoundation #PoliceFunding #ChiefTracy #KimOnAWhim #GavinNewsom #EducationPolicy #CrimeUpdates

As military strikes from the U.S. and Israel continue to degrade Iran's capabilities from the air and sea, the question remains: how much longer can the regime hold on? Brent Sadler, Senior Research Fellow at the Heritage Foundation and Navy veteran, joins the Rundown to break down the "all sensors" analysis used to track the destruction of Iran's missile launchers and bunkers. Plus, the reality of a potential "boots on the ground" scenario, and why the Iranian people might be the key to a post-regime future. Voters in Georgia's 14th Congressional District are heading to the polls today for a high-stakes special election to fill the seat vacated by former Congresswoman Marjorie Taylor Greene. After she resigned in January, her departure left a crowded field of candidates vying for the deep-red seat. Editor-in-chief of Jewish Insider and FOX News Radio political analyst, Josh Kraushaar, joins the Rundown to discuss President Trump's endorsement of the front-runner candidate Clay Fuller and why his Democrat opponent Shawn Harris is likely to force a runoff despite the district's conservative lean.  Plus, commentary by David Marcus columnist for FOX News Digital PHOTO CREDIT: ASSOCIATED PRESS Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Episode 229 of The Hitstreak, a podcast where we talk about anything and everything!  This week we are joined by Author, CEO & Owner of Wesley Financial Group & Medical House Calls, Chuck McDowell!Episode in a Glance:In this episode of The Hitstreak, Chuck McDowell and I discuss the intense world of entrepreneurship, the mental challenges involved, and his fight against the timeshare industry. He shares insights on risk, boldness, and the importance of authenticity in business and life. We talk about things like: insights on entrepreneurship, leadership, and personal growth. Discover practical advice on building a winning culture, touching the line of excellence, and embracing failure as a stepping stone to success.Key Points:- Entrepreneurship as a mental disorder- The war against the timeshare industry- The importance of boldness in business- Risk management and legal battles in entrepreneurship- Building a positive business culture- Touching the line of excellence- Recruiting and attracting the right peopleAbout our guest: Chuck McDowell is Chairman of Wesley, LLC and the Founder & CEO of Wesley Financial Group, a nationally recognized consumer-rights advocacy firm that specializes in timeshare cancellations. Since its founding, Wesley Financial Group has helped more than 50,000 families eliminate timeshare mortgage debt and maintenance fees and was honored on the Inc. 500 Fastest Growing Companies list in both 2020 and 2021. In 2023, McDowell acquired Medical House Calls, a concierge urgent care practice based in Middle Tennessee; the company has already surpassed 50,000 patient visits and continues to expand into additional markets. He serves on the board of The Jason Foundation and supports a variety of local organizations, including Friends of Franklin Parks, the Heritage Foundation of Williamson County, and the Franklin Christmas Parade. McDowell is also an author. His forthcoming book, Entrepreneurship Is a Mental Disorder, explores the mindset, grit, and unconventional truths behind building successful ventures, and builds on his long-standing focus on leadership and resilience. He resides in Franklin, Tennessee, with his wife, Jo Ellen, and is a graduate of Middle Tennessee State University.Follow and contact:Instagram: @chuckmcdowellwesley.comSubscribe to Nick's top-rated podcast The Hitstreak on Youtube: ⁠https://www.youtube.com/NickHite⁠rFollow and Rate us on Spotify: ⁠https://spotify.com/NickHiter⁠Follow and Rate us on Apple Podcast: ⁠https://podcasts.apple.com/NickHiter⁠Follow and Rate us on iHeartRadio: ⁠https://www.iheart.com/NickHiter

As military strikes from the U.S. and Israel continue to degrade Iran's capabilities from the air and sea, the question remains: how much longer can the regime hold on? Brent Sadler, Senior Research Fellow at the Heritage Foundation and Navy veteran, joins the Rundown to break down the "all sensors" analysis used to track the destruction of Iran's missile launchers and bunkers. Plus, the reality of a potential "boots on the ground" scenario, and why the Iranian people might be the key to a post-regime future. Voters in Georgia's 14th Congressional District are heading to the polls today for a high-stakes special election to fill the seat vacated by former Congresswoman Marjorie Taylor Greene. After she resigned in January, her departure left a crowded field of candidates vying for the deep-red seat. Editor-in-chief of Jewish Insider and FOX News Radio political analyst, Josh Kraushaar, joins the Rundown to discuss President Trump's endorsement of the front-runner candidate Clay Fuller and why his Democrat opponent Shawn Harris is likely to force a runoff despite the district's conservative lean.  Plus, commentary by David Marcus columnist for FOX News Digital PHOTO CREDIT: ASSOCIATED PRESS Learn more about your ad choices. Visit podcastchoices.com/adchoices

Stay connected with us at americangroundradio.com, on Facebook, and Instagram. You're listening to American Ground Radio with Louis R. Avallone and Stephen Parr. This is the full show for March 9, 2026. We dive into one of the biggest political fights brewing in Washington right now. Donald Trump has thrown down the gauntlet, saying he won’t sign any new legislation unless Congress passes the SAVE Act—a bill that would require proof of citizenship to vote in federal elections. We break down the Senate math, the filibuster fight, and why more than 70% of Americans say they support the idea. Then we run through the Three Things You Need to Know Before Tomorrow. First, two suspects are arrested after allegedly throwing homemade bombs into a protest crowd outside the mayor’s mansion in New York. Second, the Federal Bureau of Investigation seizes election materials in Maricopa County as part of an investigation into the 2024 election. And third, oil prices surge amid tensions with Iran, raising concerns about supply disruptions through the Strait of Hormuz and what it could mean for prices at the pump. We also talk about the growing questions surrounding Iran—especially reports that U.S. intelligence intercepted communications suggesting possible sleeper cells or covert assets abroad. American Mamas Teri Netterville and Kimberly Burelson join us to talk about the controversy surrounding the funeral of civil rights leader Jesse Jackson. Did political speeches from figures like Barack Obama, Joe Biden, and Kamala Harris turn a memorial service into a political rally—despite the family’s request to keep politics out of it? And in Digging Deep, we look at the latest economic freedom rankings from The Heritage Foundation. The United States still offers one of the fastest paths from poverty to prosperity—but it only ranks 22nd in the world. We explain why government spending and fiscal health are dragging America down the list. And we wrap things up with a Bright Spot—from surprising favorability numbers for Pop Leo XIV, Donald Trump, and JD Vance to an incredible finish at the Los Angeles Marathon that proves sometimes the race really does come down to the final step. Listen now wherever you get your podcasts, visit AmericanGroundRadio.com, and join the conversation at 866-AGR-1776! See omnystudio.com/listener for privacy information.

For the first time since 2022, oil prices have climbed above one hundred dollars a barrel as the joint Us-Israeli operation against Iran continues, disrupting energy supplies. President Trump and his team say the pain is temporary, but the pressure at the gas pump comes on the heels of a disappointing jobs report last week… and lingering uncertainty over tariffs. EJ Antoni, Chief Economist at the Heritage Foundation, joins FOX Business's Lydia Hu to discuss his outlook for energy costs and the potential long-term economic impact of high prices. Antoni also breaks down the Heritage Foundation's Index of Economic Freedom and explains how the President's tax and deregulatory policies are supporting families and businesses. Learn more about your ad choices. Visit podcastchoices.com/adchoices

0:30 - Trump on AF1 defines unconditional surrender 13:14 - Rubio in '15 on the Senate floor on Obama deal to give Iran nukes 35:22 - Bailey 58:49 - Jesse Jackson Funeral 01:18:02 - The Heritage Foundation’s Steven Bucci says Iran is rapidly being weakened and the U.S. remains on schedule with Trump’s four-to-five-week plan. 01:41:05 - Paul Perez, president of the National Border Patrol Council, commends former Secretary Kristi Noem for her work and looks ahead to new leadership at DHS under Senator Markwayne Mullin. 01:56:13 - James Perry, founder and CIO of Perry International Capital Partners, says the economy remains fundamentally strong but investors should still take steps to protect themselves from disruptions tied to the situation in Iran. For more on Perry International Capital - perrycapitalpartners.com 02:14:22 - Josh Blackman, Centennial Chair of Constitutional Law at the South Texas College of Law Houston and a contributing editor to Civitas Outlook: The False Equivalence of Multicultural Day. Follow Josh on X @JoshMBlackmanSee omnystudio.com/listener for privacy information.

The first quarter of 2026 still has three weeks to go, but the assumptions and friend group of the People's Republic of China has changed dramatically.Recent changes in the assumptions concerning Venezuela, Iran, Japan, and other nations will impact the national security concerns of the West's greatest challenger on the world stage.Returning to the Midrats Podcast today from 5-6 PM Eastern to discuss will be Dean Cheng.Dean is a Non-resident Senior Fellow, Potomac Institute for Policy Studies and Non-resident Fellow, George Washington University Space Policy Institute.He recently retired after 14 years with the Heritage Foundation, where he was a senior research fellow on Chinese political and security affairs, and wrote on various aspects of Chinese foreign and defense policy.Prior to joining the Heritage Foundation, he was a senior analyst with the China Studies Division (previously, Project Asia) at CNA from 2001-2009. Before joining CNA, he was a senior analyst with Science Applications International Corporation (SAIC) from 1996-2001. From 1993-1995, he was an analyst with the US Congress' Office of Technology Assessment in the International Security and Space Division, where he studied the Chinese defense industrial complex.He is the author of the book Cyber Dragon: Inside China's Information Warfare and Cyber Operations (NY: Praeger Publishing, 2016), as well as a number of papers and book chapters examining various aspects of Chinese security affairs.Show LinksDean Cheng's article on Chinese military purgesAn Army at Dawn, by Rick AtkinsonChina's HQ‑9B Defense System Under ScrutinySummaryIn this episode, Dean Cheng discusses China's strategic posture, military reforms, cyber capabilities, and the implications of recent global events on China's long-term plans. We explore China's economic outlook, military modernization, regional influence, and the impact of purges within the PLA.Chapters00:00: Introduction and Context of Global Tensions03:01: China's Strategic Position and Five-Year Plan07:07: Defense Spending and Global Security Concerns10:05: China's Vulnerabilities and Energy Security11:44: Military Purges and Leadership Control18:22: Military Readiness and Combat Experience23:27: Testing Chinese Military Equipment in Conflicts28:45: Global Arms Market and Strategic Alliances30:24: Military Culture and Learning from Underperformance32:57: Training and Realistic Combat Experience35:40: Cyber Warfare and Electronic Warfare Concerns38:05: Regional Conflicts and China's Diplomatic Stance40:46: China's Image and Political Warfare44:48: Shifts in Global Alliances and Economic Influence47:34: The Importance of Economic Engagement50:25: China's Diplomatic Approach to Neighbors54:16: Cyber Threats and Infrastructure Vulnerabilities

Spectator World columnist – and Heritage Foundation fellow – Daniel McCarthy joins Freddy Gray to explain how Trump's war with Iran could mark the end of an era, that of neoconservatism. For Daniel, there is no contradiction between Trump's 'America First' policy and its overseas interventions: Trump is pursuing a version of hegemony that will reduce the need for future interventions. If all goes to plan, this could mark an ideological watershed that stretches back to the first Gulf War in the early 1990s – but it's a big 'if'. What if the conflict spirals out of control? To what extent was this driven by Trump, or by Netanyahu? And what are the dynamics at play between the leadership figures in Maga?Produced by Patrick Gibbons. Hosted on Acast. See acast.com/privacy for more information.

There is a storm coming with the challenges of navigating the TRUSTEE CRISIS. It is one of the biggest blind spots in the “GREAT WEALTH TRANSFER” and will be the source of mountains of litigation for the unwary, https://youtu.be/hwQev88A03M Summary In this conversation, Frazer Rice and Jennifer Zelvin McCloskey discuss the current crisis in trusteeship, highlighting the shortage of qualified trustees amidst a significant wealth transfer. They explore the importance of modern trust planning, the challenges faced by individual trustees, and the need for better education and training in the field. The discussion also covers the emotional and interpersonal aspects of trusteeship, the functions and responsibilities of trustees, and the necessity of managing risk effectively. They emphasize the importance of building a pipeline for future trustees and improving the perception of the profession, while also identifying opportunities within the trust industry. https://open.spotify.com/episode/4qpkrVdaUa2AfDxgl7j3yN?si=XVgG3jE_Qpqq2JTqi8XLXQ Editing and post-production work for this episode was provided by The Podcast Consultant (⁠https://thepodcastconsultant.com⁠) Takeaways The coming crisis in trusteeship is already here. There is a significant shortage of qualified trustees. Trusteeship requires strong interpersonal skills and emotional intelligence. Managing risk is a fundamental aspect of trusteeship. Trustees critically need education and training. The role of a trustee is evolving with increasing complexity. Beneficiaries need to understand their rights and the trustee’s role. Custodial responsibilities are essential for asset protection. There are many opportunities for growth in the trust industry. Trust law and investment management are distinct fields. This Episode is for . . . Anyone that has an estate plan with a trust in it and doesn't know what a trustee does Any advisor who works w/ multi-generational situations (that’s everybody in wealth management) Any RIA looking to sell Financial types worried about compliance world Fiduciary litigators Chapters of “THE TRUSTEE CRISIS: Navigating the Challenges” 00:00 The Coming Crisis in Trusteeship 02:06 Importance of Modern Trust Planning 04:11 Challenges with Individual Trustees 08:03 The Dwindling Pool of Qualified Trustees 10:06 Functions and Responsibilities of a Trustee 12:20 The Emotional and Interpersonal Aspects of Trusteeship 16:05 Managing Risk in Trusteeship 19:07 Building a Pipeline for Future Trustees 22:10 The Role of Education in Trusteeship 25:07 Improving the Perception of Trusteeship 28:19 The Need for Better Trust Education 30:39 Bifurcation of Trustee Functions 33:26 Distribution Functions and Beneficiary Relations 36:52 Custodial Responsibilities in Trusteeship 40:19 Consequences of Poor Asset Management 46:41 Curriculum for Trustee Education 52:13 Opportunities in the Trust Industry Transcript of “THE TRUSTEE CRISIS: Navigating the Challenges” Frazer Rice (00:01.068)Welcome aboard, Jennifer. Jennifer Zelvin McCloskey (00:02.723)Thanks Frazer, how are you today? Frazer Rice (00:04.782)I am doing great. We’re going to dive into a topic that is near and dear to both of our hearts. And that is what I’m describing as the coming crisis in trusteeship, but I think it’s already here. Which is the concept of qualified trustees being in short supply, right in the face of a gigantic wealth transfer. And first of all, before we get into that, just describe what you do on a day to day basis first. Jennifer Zelvin McCloskey (00:33.445)Sure, I actually wear a bunch of hats. Day to day, right now, I’m a full-time practicing trust and estate attorney. I’m also an individual trustee for a variety of trusts that need either somebody here physically located in Delaware for a short period of time or even a successor trustee. But I’ve also spent many, many years building programs in trust management and trust administration. Because there is this crisis of human capital that just does not exist. I built multiple programs. They’re housed out of the University of Delaware. So I act as a trust and estate attorney, do planning, administration, I teach in the area, I build programs in the area, and I serve as a trustee. PEAK TRUST MANAGEMENT CERTIFICATE Frazer Rice (01:23.182)A full plate to be sure. To me, I came out of Wilmington Trust and another trust company served an individual trustee too. I’ve seen all these different flavors of trusteeship. My general sort of bon mot around that is that the individual trustees. I’d say 95 % or higher don’t really have an appreciation of the risk and responsibility that they’re taking on. And then the corporates have their own issues, which we’ll get into in a little bit. If we pull back even further, modern trust planning in wealth management, why is this so important? Jennifer Zelvin McCloskey (02:06.275)That’s massively important. It’s not just for the mass affluent or the ultra high net worth. It’s for everybody. We have all of these assets that we have this hyperfocus on building and increasing our wealth. Making sure that we have the ability to sustain ourselves throughout our entire lives. But if we don’t do this type of planning, if we don’t have structures and implementation for when we die, then our assets that we’ve planned so diligently for will fall off of a cliff. We lose the ability to control ultimately what happens to those assets. Layered on top of that, of course, is the tax component for ultra high net worth folks who are trying to really focus and direct their assets to make and create generational wealth transfers. Without this type of functionality and wealth planning and estate planning long-term, people lose control of what they’ve spent so much time building. Frazer Rice (03:13.338)One of the things I tell people as far as trusts are concerned is that, you know, we’re putting these structures together. They’re durable enough to withstand taxation or creditors or other asset protection features, create some guidelines around distributing the assets to the next generation or other constituencies. But also have some flexibility to be able to deal with the things we can’t look into the crystal ball and figure out over time. And that those three things just putting a document together that tries to do all that is hard enough, but then to put it in the hands of somebody or something to administer and to exercise discretion around it. That’s where the real art and science kind of stitched together and create this issue. You know, as we think about that too, the idea, the history of these types of scenarios kind of goes back to, you know, you’d put a structure in place and then you’d go hire a bank and they’d take care of everything. How do you look at that and say, all right, we’ve gone well past banks to individuals and then to dedicated institutions. What is the problem there? Jennifer Zelvin McCloskey (04:22.956)Now the problem, there’s two problems. In my opinion, what I see is that, you know, your individual trustee by and large is Uncle Joe, right? He’s the guy that everybody goes to in the family. The responsible one. He’s the smart one. The wealthy one who, great, doesn’t know what the fiduciary duties are. He doesn’t know that he has a duty of impartiality. He doesn’t know that… Frazer Rice (04:32.419)Right. Jennifer Zelvin McCloskey (04:48.475)He can’t self deal unless the instrument says so. Doesn’t understand how the instrument works. He doesn’t understand the nuance and the legalese written into the instrument. But he’s flying by the seat of his pants and everybody looks to him as the respected one in the family. No one knows that they have the ability to challenge him. So with your individual run of the mill trustee named in the instrument, they just don’t have the expertise, they don’t have the technical knowledge. Don’t know what they don’t know. They can get into trouble in that way. The other problem that you have with professional individual trustees oftentimes is that they are not formally trained. They may be an attorney who is working in that area, who’s doing plans for people who may or may not know what the full scope of being a trustee is. They may not realize, I have to get a special insurance policy because my malpractice insurance policy doesn’t actually cover this type of fiduciary engagement. There’s a lot of landmines that individuals can run into when they’re doing this type of work. On the corporate side, the problems that we run into is that there’s just a complete and utter lack. Frazer Rice (05:50.061)Hmm. Jennifer Zelvin McCloskey (06:12.059)Of available educational programs to teach people the proper way to be able to understand trusteeship. It has always been, and it just has developed over time through, you know, oh, we’ll give it to the bank, the bank will do it. This apprenticeship model, and that just does not scale well because if you learn improperly at the edge of a desk from somebody that learned improperly at the edge of the desk. Then the person that you’re teaching now at the edge of the desk is learning what you learned improperly. So anecdotally, I did karate for a long, long time. And the man who taught me karate, I’m almost a secondary black belt to like, was serious in karate. And the man who taught me karate said, you practice, it makes permanent. Don’t practice wrong. Because when you’re practicing wrong, you’re making permanent wrong things. And that’s what the apprenticeship model has the risk of lending itself to. It’s not that every trustee that learns at the edge of the desk learns wrong, but the risk is too high because the fiduciary responsibilities and the duties are too high to run that risk. The other problem is that we have a dwindling pool of really qualified senior trust officers because of just the nature of the job. You’re a human being, you’re an individual, you age, you retire. And it’s not something that people go to school and say, when I grow up, I want to be a trustee. They fall into it sideways. And unless there are academic programs that are out there that people are aware of and that they can get some formal training, some formal education to enter into the field. Frazer Rice (07:49.742)Yeah Jennifer Zelvin McCloskey (08:03.82)Separate and distinct from, I’m in the field and now I want to get a CTFA. I want to earn my certification to really show that I have the chops in this area. We have this shrinking pool of expertise. We have a lack of knowledge, a lack of formal education, and an apprenticeship model that doesn’t scale. On top of, with the individual side and the corporate side, this massive wealth transfer and an explosion of trust complexity that’s all taking place at the same time. Frazer Rice (08:31.918)One of the issues at the corporate level too is that as you say that the impregnance model is not necessarily the best way to do it. They’re cutting back on training programs. The business model around being a trustee or even a specific trustee does not make the big money. And so the ability for those types of institutions to develop the people.who ultimately are now in a very sort of pro-employee environment where there’s such a demand for trustees that they can kind of switch around and get a 10 or 20 % bump each time they go because people are desperate to have them. There’s a real cavern there to try to create the permanence that you’re looking for in a structure that really rewards consistency over time, especially as it relates to discretion and process of decision-making. Jennifer Zelvin McCloskey (09:23.15)Yeah, that’s exactly right. And that leads to this revolving door in the industry, because people are just trying to make more money and they’re going and bouncing to different trust companies. And there isn’t that backfill. Just because it’s a trust company and there’s policies and procedures, trusteeship is about relationships that you make with your beneficiaries, the relationships that you develop with multiple generations in a family. And when you have somebody that’s acting and serving in that and they move, they leave, they’re no longer acting and serving in that capacity, a new personality comes into the mix and it can really be disruptive. So having that consistency and minimizing the attrition is so valuable. Frazer Rice (10:06.766)The other thing I try to bring up, especially to individual trustees, is that the thing that you’re signing up for is probably going to look a lot different in five or 10 or 15 years when people are aged on, they remarry, they have kids, etc. That the conditions are a lot different than what they were before. And it’s going to be difficult to take on a structure that has eight people when before there were two. Jennifer Zelvin McCloskey (10:37.517)Yes, and that’s that complexity, that increased sophistication and complexity of trust structures that are available now to people. With the increase in the exemption, these trust structures, they’re not necessarily changed. For example, qualified personal residence trust, if people really need that anymore, but there’s a ton of them sitting around there. Are trustees properly administering it? Did you actually transfer the real estate into the trust at the time? So there’s all kinds of sophisticated structures that the trustees may or may not have the right skills. But they’re saddled with having to do it. Frazer Rice (11:19.47)Let’s take a step back and just talk about the functions of a trustee for a second. I break them down basically into three. Which is the first one. You have to administer the trust, meaning you have to dot the I’s, cross the T’s, make sure things get executed, tax returns are filed, statements get sent out to the extent that that happens, and that the administration of a structure like that occurs. Then I talk about the concept that the investments have to be made monitored moved around decided and that they’re appropriate for all classes of beneficiary that are in there and then the distribution function which is The assets have to be distributed according to the law. First the trust then maybe the intent or the law if everything is silent and that those three things are very different components and that it’s tough to find somebody who’s great at all three housed within one brain. Jennifer Zelvin McCloskey (12:20.217)Yeah, I agree with that 100%. It is a three legged stool. It’s the investments, the administration and the distributions. And in that administration umbrella in and of itself, there’s a tremendous amount of work that sort of goes unsung. know, it’s not the sexy stuff where you’re investing and making a bunch of money for your income beneficiaries and managing to preserve the corpus for your principal or your remainder beneficiaries. And it’s certainly not the personal interaction that you’re doing with your beneficiary day to day. Making distributions, helping them, seeing the product of that help. It’s the making sure you file ax returns are properly. Understanding how to read that tax return. Even if you’re not preparing it, making a proper selection on the accountant that you’re using to prepare those tax returns if you’re not preparing it. Make sure to set up statements properly, make sure that in this world of silent trust documents that you’re not sending a statement to somebody who’s not supposed to have it. Communicating with beneficiaries on an even keel. Making sure that you’re not inadvertently violating your duty of impartiality because it’s more than just a substantive duty, there’s a procedural duty as well. That’s really, really challenging to find within one human being, let alone add on top of it somebody who’s financially savvy enough to understand investments and all of the different complex investment tools that are out there, as well as having the personality and the interpersonal skills to keep beneficiaries engaged and happy. Frazer Rice (13:56.426)Just on top of that, the EQ, the bedside manner, and the ability to simplify the complex, et cetera. At the same time, that dedicated note taker that is able to document everything that happens within a decision. Whether distribution or investment or otherwise, that it’s just two different people most times. I find that something falls apart as time goes on. Ultimately if things aren’t laid out correctly, that’s when conflict starts to simmer. Then you know if there is something that’s wrong. That’s allowed to compound that’s where you get into a huge problem later on. Jennifer Zelvin McCloskey (14:36.922)It’s all that feeling. People are behaving in ways that they may or may not be able to articulate their emotional proximity to. When you’re talking with beneficiaries. There’s something simmering under the surface that you inherited because you’re a trustee. You may not even be aware of it because the beneficiaries may not even be able to articulate it. You have to have a certain sense. A gut check of feelings of rntuitively being able to read what’s going on under the surface. To pull it out of people in a very balanced and even keel way. It’s not an easy job by any stretch of the imagination. On top of financial literacy and personal liability and executive functioning skills, being detail oriented, making sure your documentation is not overly explicit. isn’t, you know, scarce. You’re now wondering how and why did you make those decisions? People don’t think about the decisions that they make on a day to day basis. We don’t think in a way to articulate why I made this decision. Why I exercised this type of judgment. And that’s what we’re being asked to do as trustees is to document what is my decision making process? Why am I making the decision? What are my factors involved in making that decision in a way that’s defensible. If we ever need to defend it. Frazer Rice (16:05.292)Well, in favoring one class of people over another is usually where the rubber hits the road on this. People who are used to seeing the income from a trust and don’t want that touched come hell or high water. Then future beneficiaries who’d like to see the trust go from X to 2X to 5X. So that they have something larger to enjoy. You have a natural tension that you have to manage. It’s just not easy. If you don’t document the hows and whys of what you’re doing, you set yourself up for a problem. From one class or another looking at you saying, you you should have done it differently. To go back to that liability component. You’re the only one who sits in the chair of having made that decision. You’re the one with the bullseye on your back when it’s called to account. Jennifer Zelvin McCloskey (16:53.093)That’s right, that is exactly right. And now add on top of it, you’re just named because you’re Uncle Joe and everybody goes to Uncle Joe. You have no technical background and you just don’t know the landmines that are there. You don’t know what you don’t know. Wouldn’t it be wonderful if we were able to create a pipeline of really sophisticated entry level employees or folks that are, you know sophisticated in financial literacy that now want to take the job to become trustees, that we were able to give them this technical roadmap for what the job actually is and then have them get the ability to apprentice on all of those policies and procedures. What does this corporation do? How do we document things? When you’re trying to learn it all at one time, it’s like drinking from a fire hose. Let’s give people the ability to really have a chance at doing it successfully. Frazer Rice (17:53.048)So let’s dive into that pipeline issue for a second. We already diagnosed that the, let’s call it the trust companies or the banks are, they’re just not resourced enough. They can’t run people through an internal school to do it quote unquote correctly. The apprentice model really kicks in. Which means you’re at the sort of mercy of what people are good at, not good at, et cetera. People turn over quickly so that apprenticeship doesn’t even work anymore. The RIAs I think are the worst place to learn about this type of thing. They have a completely different modus operandi as far as keeping clients happy. The word fiduciary means something so different to them than it does to an actual trustee. I wouldn’t feel good about the training on that front to sort of create trustees And then so law schools. They’re they’re just trying to create people the trust in the states vertical as a general matter. Let alone trying to delineate into a trustee situation. You’re putting the pipeline together and you put these programs together. How do you stitch together the needs and what does that manifest itself into? Jennifer Zelvin McCloskey (19:07.642)So that’s a really, really good question. I think that the very first place that we start with answering that question is advising on a trust as an attorney. It’s different from the administration of a trust and the skills that you need for that. So when you create a program like this where you’re trying to teach about trust management. You have to start with the technical skill. The legal side of what is it that we’re even doing? What is a trust? What are the fiduciary duties? Where do they come from? Then we have to, after we teach or create a structure or foundation on what the legality is. Now we go into how does this translate into administration? So when I created the programs, I looked at what’s the law they need to know? What is the level of sophistication of the student? And what do I need to, from a foundational perspective, teach first? What are the building blocks? And then how do I translate that into administration? The one thing that I have found is trust law does not equal investment management. So if people are coming along… Frazer Rice (20:26.254)No question. I’m nodding audibly at that comment. I like that. Jennifer Zelvin McCloskey (20:31.226)Your fiduciary duties as a trustee are fundamentally different than those of an RIA, where some RIAs are not even fiduciaries by law. They’re not. So being able to delineate and explain where that line is, what makes you a fiduciary, what are those duties, after you know the legal basics. And taught to you at a level that you can understand. I don’t expect everybody to be a lawyer. And people have asked me time and time again, do I need to be a lawyer to know this? No, you don’t need to be a lawyer because you’re not advising on the law. You’re advising on the administration of a legal structure and how that administration affects the fiduciary duties that are inherent in the relationship. Then how those fiduciary duties are translated out to the beneficiary. That’s the way that I’ve always built these programs. Where do I start? Start with the law. Where do I go from there? Start with how the administration translates the law. And then how does that administration get heard by the beneficiary? Where does the RIA come into the mix? The RIA should not be dabbling in advising on trusts. They should know that they need to bring in somebody who has this particular skill. And if they’re not doing that, they’re doing the client a disservice by trying to give one-stop shop advice. Frazer Rice (22:06.85)Yep, no question about it. One of the things that…we delve into the world of trusts and their function, et cetera, is that you’re dealing with an ecosystem from client to outside advisor, whether RIA or even accountant, et cetera, that they’re looking for certainty and airtight. quality to these structures that you put them in place and then everything runs like a clock going forward. When in actuality, I think there is a bandwidth of risk around everything. And so it’s the poor trust officer or individual trustee who sometimes has to be the bearer of bad news to say, yeah, you know, I think this is going to work 98 % of the time, but there’s a 2 % problem here or we’ve got this to fix or something like that and everybody else sort of sighs with disappointment and gets mad at the administrative function when in actuality they’re really doing their job and trying to, you know, keep a lot of things that are spinning out of control kind of within view. How do you get a trust officer or that administrative function or even the full trustee function to be comfortable with that risk and everything that’s involved with that? Jennifer Zelvin McCloskey (23:20.504)You have to start with explaining that there is risk and we’re not our job is not as a trustee to eliminate risk. Our job is to manage and identify risk. It is inherent in the job. There is going to be risk. No matter what you do, you cannot divorce risk from trusteeship. It’s a matter of identifying perceived risk and actual risk. And if you can teach that, if you can teach These are the things that are going to trigger a likely outcome. They’re gonna trigger a likely risk. Then you can essentially, you can’t foresee everything. I mean, there are things that are just gonna happen. But in a trust instrument, you’ve got contingency plan upon contingency plan upon contingency plan. That’s what the flexibility of those structures are building. We need to, as trustees, be able to recognize What is the risk with contingency plan A? The risk with B? What is the risk with C? How can we minimize the risk? And how can we make sure that we’re managing perception of risk versus actual risk? Frazer Rice (24:29.31)as someone who’s been in trust companies, advised trust companies, advised trustees, and advised clients, the lack of appreciation for the management of that risk and that that as the intersection of the business model of trusteeship and risk management and use of discretion and making hard decisions and even kind of an insurance quality around these structures, how do you fix that, where people place a level of respect on the job that I think is completely lacking in the wealth management ecosystem? Jennifer Zelvin McCloskey (25:09.089)Absolutely. It’s a tough one to answer. How do you fix it? First and foremost, I think that it’s a top-down fix, especially at a corporate trust company, a bank, and even an independent trust company that’s not affiliated with a bank. The management has to… really understand the function of the trust company. For so long, it’s been just an extra service that we provide and and we’ll do this, the back office trust company. It’s really, really important that the management recognizes what the functionality of the trust company is and stops treating it as sort of a back office stepchild. From the corporate level, I think that’s the very first place we start. Frazer Rice (25:38.478)Mm-hmm. Jennifer Zelvin McCloskey (25:57.818)The second place we start is investing in our trust officers, investing in the team, giving them the education that they need, continuing to give them education, providing training programs, whether they be in-house, external, bring in trainers. None of this is set it and forget it. At the individual level, I think it’s really, really important to have functions like the Individual Trustee Alliance, groups like that, where you have an ability to talk to other professionals that are doing what you’re doing. That’s another way to impress upon people that we have to manage the risk and we can’t do it all alone. Nobody knows everything. You really have to, you have to talk to other people. You have to engage. have to, what is it called when we were practicing law and we’re a little bit outside of our comfort zone, we have to consult with other people who know more than we do. It’s our obligation as lawyers. It’s the same thing with a trust company, with a trustee, whether you’re an individual or you’re not. Widen that circle. Frazer Rice (27:08.474)I think this is my idea for the day that there’s got to be a bit of a public relations campaign sort of describing what’s going on here because I think especially when we go into the family members that sort of occupy these roles, they have no earthly idea what they’re doing. They’re usually doing it for free. Everything’s hunky dory up until a point and everyone hopes that everyone is not going to sue each other if something goes wrong. But the level of wealth that’s being transferred now is now so significant that everyone sort of talks about, AI is going to get rid of lawyers. Nope, not in fiduciary litigation. I think that’s a medium term growth industry, especially around insurance, around ILITs, around revocable trusts, around elder care. But this is my advertisement for people who are in law school looking for a productive way to go. I think that one is going to be, I think that one’s recession proof, at least for a while until I retire anyway. So my thought is that awareness over these things, and it’s probably going to take a very difficult case or a class action suit, something like that, where somebody really gets hurt in order for that awareness to come up. Jennifer Zelvin McCloskey (28:24.922)Yeah, I would agree. think that some of the solutions would include better trust education, you know, whether it be for RIAs, lawyers. Trust in the states is a throwaway class in law school. And there are so many law schools that are essentially rolling it back because bar exams aren’t testing it anymore in a variety of states. And ACTEC is definitely working with the law schools to try and increase trust in the states being taught and certainly being tested. So education for lawyers coming out of law school, education for RIAs that are advising on trusts, education for trust officers, for trust administrators, trust professionals in general, clear role delineation. What is the role of the RIA? The role of the trust officer? What is the role of the trustee if they’re an individual trustee? And then creating a culture of collaboration on what we’re doing as a team for the beneficiary, not substitution, but collaboration with the advisors and the trustees. Frazer Rice (29:32.59)Let’s go into the role delineation for a second. About 20 or 30 years ago, the concept of bifurcating or sort of cordoning off the different functions I described before the investment, the administration and the distribution has come into vogue. I think that came out of frustration with bank trust companies where you got one set of advice for every trust that they had as far as investments and distributions and administration and a lot of modern larger families wanted something a little bit more specific to their needs. And that’s really turned, it’s exploded as an industry for increasing sophistication and size of wealth. Along those different functions, where maybe the administration goes to a professional trust company or a trust officer in the state that you want, Then there’s some intersection maybe in the distribution committee. And then the investment side of it is a bit of a free for all, think, depending on what you’re, dealing with. How do you educate the, that continued the delineation, but the coordination within those types of structures. Jennifer Zelvin McCloskey (30:41.275)Yeah, I think it’s really important. And I’m a Delaware lawyer. I’m licensed in multiple states, but Delaware is my home. It’s where I learned how to be a lawyer. It’s where I grew up as a lawyer. So this directed trust model that you’re describing, where you’re bifurcating, truly bifurcating these particular functionalities of a trustee, it originated in Delaware. sort of, we didn’t, I mean, we invented it, right? We codified it. It was being done, but we codified it. The idea of making sure that everybody understands what their function is and knowing that there’s a limit of liability that’s built into the instrument and communicating what that means to the RIA that is named in the document. I can’t tell you how many times I have heard companies, heard trust companies say, we’re advisor friendly. And I’m like, not unless you’re directed, you’re not. Frazer Rice (31:37.528) “THE TRUSTEE CRISIS: Navigating the Challenges”Yeah. Jennifer Zelvin McCloskey (31:40.439)If you are directed, you are 100 % advisor friendly because there’s no chance that that trustee is going to try and take the investment management. They’re not a portfolio manager. Not a clerical administrator. They’re not a passive rule follower. We need to identify what does that trustee actually do when they are an administrative or directed trustee. Clarify that role so that people who are engaged in this bifurcation, this structure where we’ve got a distribution committee, maybe it’s individuals who are close to the family, close to the beneficiaries, where you don’t have somebody who’s objectively uninvolved with the family members making decisions as to whether or not there’s a distribution that should be made. But also advising those rolls those advisors that your administrative trustee is not just a pencil put a paper pusher. Not just checking boxes. They really do add value to the role that they provide and making sure that everybody understands what each other are doing, having regular meetings amongst the team instead of operating in a vacuum or operating in a silo. And taking the approach of it’s not my job, misunderstanding trustee powers and the advisor’s authority. So when that’s delineated, when that’s really understood, not just by the advisors, but also by the beneficiaries, there are so many beneficiaries out there, Frazer, that have absolutely no idea that they actually hold all the cards. They don’t know. Frazer Rice (33:25.87)Along that line, so in the administrative, we just walked through pretty nicely. The distribution function is one that, let’s talk a little bit for a second about what it means to ask a trustee for a distribution and maybe the difference between income and principal and why having a steady hand at the wheel within that function, whether it’s a corporate trust company of qualified individual or family input in that function, why real good thought needs to go into how that’s staffed. Jennifer Zelvin McCloskey (34:04.73)Yeah, absolutely. 100%. In a corporate trustee ship or a corporate trust company structure, there’s always going to be distribution committees, right? So if you are the trustee, you’re going to have to go through a committee that’s looking at what your reasoning is for making that distribution. They’re asking questions about what have been the prior distributions? Have they come from principal? Have they come from income? What is the spend rate on that trust? How is this going to affect long-term spend rate? Is this an aberration? Is this something that’s gonna become a habit? Really understanding what the distribution, the guidelines are in the trust. What is the distribution standard? Making that decision? What are our factors? And how many people are at the table? Who’s communicating that to the beneficiary? Does the beneficiary know that the trust officer alone does not have the ability to say yes or no? That when they’re in this ecosystem of a corporate trust company, they have their checks and balances to make sure that that risk is being managed. So when you’re looking at corporate trust companies, are a lot of layers behind understanding what the distribution standard is, whether it’s hems or if it’s purely discretionary. The other thing that you need to look at when it’s not a corporate trustee and it’s an individual trustee is, how is that individual trustee making that decision? Are they doing it in a vacuum? Alone? Are they favoring one beneficiary over another because they like them more, you need to have some communication to the beneficiaries so that they understand what they are, what their interest is, what they are entitled to, if anything, and why the trustee stands in that position as the gatekeeper. And I really think in my heart of hearts, we need to make a shift from a gatekeeper trustee Jennifer Zelvin McCloskey (36:16.708)to a beneficiary enhancement trustee, where the beneficiary is really taking on the understanding that the trustee is there to facilitate enhancing the beneficiary’s life. That even though the trust may have started at the outset as a tax strategy or something that the grantor decided they needed to do with the advice of counsel. At the end of the day, you wouldn’t have been named as the beneficiary if there wasn’t some sense of love or obligation even, that it’s for your benefit. It’s in the name. Beneficiary. Trustees need to understand that and beneficiaries need to be taught. Frazer Rice (36:54.958)Right. Frazer Rice (37:00.646)And it goes to the circle back to the notion of making sure that you write down the whys of the decision because ultimately if the concepts of favoritism or you didn’t communicate this or anything, the idea of having the beneficiary submit a budget but having them understand why they are submitting a budget and then if there is some discretion that’s happening around that decision that the data points that are informing that discretion, that’s gonna keep everybody safe a lot later on. Jennifer Zelvin McCloskey (37:32.666)Absolutely. I break it down into a couple of different factors. It’s fiduciary decision making. How is that fiduciary making the decisions they’re making? Why are they making those decisions? And who is being affected by the decisions? Document interpretation. Do you understand the document that you’re administering? If you don’t understand the document you’re administering, hopefully best case scenario, you know what you don’t know and you ask. But if you don’t understand the document and you don’t even have the wherewithal to say, hey, I need help to understand the document, it’s really problematic. The third part, balancing beneficiary interests. Really taking on board this idea of the principal income problem that all the assets in the trust are not the same. That some of it doesn’t at all in any way affect a certain class of beneficiaries. And at the same time, it’s inextricably intertwined in the way that it affects another class of beneficiaries. And then risk management and governance. How is this being governed? How are we managing perceived and actual risk as a trustee? Frazer Rice (38:40.13)The investment function, which I alluded to before, I see storm clouds on that horizon, not really at the RIA level, because I think there’s sort of a default mode that investment policy statements are in place. Diversification is a true commodity at this point. And I never really worry about an RIA sort of understanding how to invest to get to a certain expected return and deal with the risks and drawdown and all that stuff. The storm cloud I see is when individuals sit in that role and they are being tasked with, let’s call it quote unquote, overseeing concentration, meaning that trust is holding a building, farmland, a nuclear reactor, crypto, all of these different things that sometimes can be, A, they have their own different maintenance responsibilities that are not just looking at a fidelity statement, but that they also have their own volatility And, you know, in the case of a building, you got to make sure it’s managed correctly. are they going to get sued or the windows kept up, all of that stuff, and that there’s a whole different component there. And I’m waiting for the shoe to drop on some fact pattern there where somebody is sitting in the role of an investment advisor. It doesn’t say trustee in the document, so they don’t really think that they have trustee liability. But. they sit in that role and all of a sudden somebody finds 10 55 gallon drums of green fluid in the basement of a building and all of a sudden the trust has a big set of red brackets that say minus $100 million that you owe to the federal government and the EPA. How do you think about that? Jennifer Zelvin McCloskey (40:21.454)Hmm. Jennifer Zelvin McCloskey (40:25.242)That’s a heavy question. so the Delaware stock answer, obviously, direct it, right? It’s just to get the trust, cut off the liability. At the first, at the inception of your hypothetical is bad drafting, right? So if there’s no statement as to whether or not your investment advisor is acting as a fiduciary or not, Frazer Rice (40:35.042)Right. Jennifer Zelvin McCloskey (40:52.836)What does your statute say? Does your statute impose that they are as a default a fiduciary or not? So that’s the very first step. That’s bad drafting. We need to know. But if it’s silent, let’s say it’s just a lousy document, there’s, God knows. Anybody who’s seen trust documents knows that, you’ve seen them all, right? And everything in between. Some are good, some are bad. If this is a bad one. Frazer Rice (41:13.08)Seen good and you’ve seen bad. Jennifer Zelvin McCloskey (41:20.079)Then we need to document the statute. If we can correct it, modify the document, let’s modify it. But if all of that can’t happen, then I would say the best way to handle it, make sure you have adequate insurance. mean, over-insure that, over-insure it. Make sure that there’s regular checks on the actual… Assets that are in the trust, if you have a concentration and that concentration is real estate, get the advice of counsel, put that bad boy into an LLC, get yourself some distance from the actual asset itself being held in the trust, hold an interest, hold a financial interest, push it down to the corporate level. But if you can’t do all of that and you’ve got those 500 gallon drums of green fluid and now you’re… Frazer Rice (42:14.286)You Jennifer Zelvin McCloskey (42:15.371)You you’ve got a super fun site. What do you do? You don’t shy away from it. Have to address it head on. You got to take the accountability. You got to communicate and document, communicate and document some more. Talk to your beneficiaries. Make sure that they’re aware of where it went wrong, why it went wrong. Because I have found in my exposure in the industry over time and in reading case law, it’s when you’re trying to cover stuff up. Frazer Rice (42:43.913)Jennifer Zelvin McCloskey (42:44.027)You’re just making more problems. Bad news doesn’t age well. It doesn’t get better over time. You have to approach it head on and make sure that there’s communication and documentation. Meet with your beneficiaries. If there’s a trusteeship where you are appointed as a trustee individually and you’re not having at least quarterly meetings with your beneficiaries, If you’re not going out and seeing the asset, if you’re not going out and making sure that the asset is properly custodyed, you’re not, you’re violating your fiduciary duty. You are not doing what you’re supposed to do. Frazer Rice (43:21.804)You brought up an interesting word there, custody, which is the administrative function, whether held corporately or individually, one of the major things you have to do is to safeguard the assets. And that’s a big two syllable word that carries a lot of weight with it. That custodial function, how do you teach the trust officers or the individual trustees where that starts and stops? Jennifer Zelvin McCloskey (43:48.579)Yeah, mean, custody is super, it’s a really touchy, touchy subject, especially with the dynamic way that trusts have developed in the current climate from tangibles. You know, I’ve got artwork and my beneficiary wants to hang the artwork in their house. Well, do you have custody? Has it been assigned to the trustee and how do you maintain that asset? Make sure nothing’s happening to it. Do make an appointment, go over to the, visit your artwork? What if it’s prize horses, you know? What if it’s, you know, a stud that, you know, we’re gonna need to breed and it’s gonna be the next Triple Crown winner? How do you make sure that the barn is properly safeguarded? It’s a really touchy subject, especially with things like tangibles and things like assets held away when you technically custody the asset, but you don’t have control over the asset. I think in the education part for custodying, what I do in my programs and when I teach this is I make sure that we talk about different types of asset classes. And what the risks, again, what are the risks that you run with these asset classes? How can we manage the actual and the perceived risk of holding that asset? Even if you have custody and name only, but you don’t have physical custody, how do you maintain your control over that asset? Because it’s really the C’s, right? The custody and control. Just because you don’t have custody doesn’t mean you don’t have control. So we have to make sure that there’s an education that’s provided about the different asset classes, whether it’s tangibles, intangibles, assets held away, if it’s a concentration of stock, if it’s crypto, and most trust companies are not taking crypto. I think that there’s like a circuitous way that they’re getting in right now, but it all boils down to education, isolating what the issue is and educating people on it. Frazer Rice (45:59.586)I’ll give you a third C, it’s consequences, which is what happens when you don’t understand these functions. on the crypto side of things, Jennifer Zelvin McCloskey (46:01.786)Uhhh Frazer Rice (46:11.544)Holds the key to get to the crypto. What happens if that trust officer quits and walks away with the key and they’re like, well, multi-sigil figure this out. I’m like, okay, that’s not that. That doesn’t make me feel great at the moment. And now there have been some advances, which is good, but traps for the unwary to be sure. the good news too for crypto is for people who want exposure, the spot ETFs take away 90 % of the problems with that. But as we start to think about winding down here, because I have a feeling we could probably talk for four or five hours on this subject, when putting your programs together, what does a curriculum look like? And we don’t have to go through it bit by bit, but how does that work when someone comes to your program? How much time does it take? What’s the commitment? Jennifer Zelvin McCloskey (46:47.172)Yeah, I think so. Frazer Rice (46:54.851)Mm-hmm. Jennifer Zelvin McCloskey (47:06.33)So the program that I created that’s really available anywhere across the country is called the Peak Trust Management Certificate Program. Peak Trust Company, may be familiar with it. They have name rights because they gave the donation to the University of Delaware for me to build the program. So it’s housed at the Lerner College at the University of Delaware, but bears the name of Peak Trust Company. I look at five different things. The first thing is trust law and administration. So like I said previously when we were talking, you lay that foundation of what is the legal component of this? What is the baseline that people have to know? And then what is the administration? The second component is, and it’s inextricably intertwined as taxation. What is the income tax? What are the deductions? And now let’s take all of that income tax knowledge, individual income tax knowledge, and build on it with fiduciary income tax. What is DNI? What is FAI? How does it go out to the beneficiary? What’s the character of the distribution? How do we manage that? What are we deducting in the trust? So teaching taxation and not because trustees necessarily are tax preparers, but because the trustees obligation is to be able to understand and read that tax return, they need to know how to spot problems. So from my perspective, teaching fiduciary income tax is a critical component. It also helps. Yeah. Frazer Rice (48:38.828)No, no, I was gonna say no question about that. And there are elections to make, just because it doesn’t just go on autopilot, there are choices to be made so that if you’re the trustee, you may not have to prepare the tax return, but you may have to make a choice on the tax return and you’ve got to be informed because that can be an issue. Jennifer Zelvin McCloskey (48:58.651)65 day elections, perfect example, right? You just, you need to understand what your role is and how it overlaps with that of the CPA. The third part, of course, investments. Investments are inextricably intertwined, whether you’re doing it yourself as the trustee or you’re directed or even delegated, which is like the hairy scaries of every trusteeship known to man, because you’re not actually in control, but you’re responsible. So it’s the gray. When I build a program, because of the, you know, the directed trusteeship being so popular in today’s day and age, we have to talk about not just investments of, you know, marketable securities, not just the custody of tangibles, but also subscription documents, because so many alternatives are held in trust right now. unique assets, need to know how the trustee is actually carrying out their fiduciary duty when it comes to engaging in an investment that is an alternative investment. The fourth component is of course compliance. We cannot ever get away from compliance and I think we could do a whole nother podcast on compliance in trusteeship but. You know, it’s a regulated entity. And even if you’re an individual trustee and you’re not using what those compliance frameworks are, what the guidelines are by OCC, Reg 9, FDIC, if you’re not looking at that and using that as a guideline, don’t do the job. understanding KYC, BSA, AML, all of those compliance components that have tentacles. That’s the fourth part. And then for the fifth part of this program, because it’s specifically geared toward trustee education in trust companies, although it can be applicable, very applicable to individuals, is operations. I was very fortunate that I was able to partner with SCI on building the operations component. So we license their platform called Plato. It’s essentially their training platform. Jennifer Zelvin McCloskey (51:12.888)so that trustees can see how fees are set up, fees, that’s a whole other podcast, fees, statements, distributions, how are we doing this? How are we documenting everything? What are the logistics of the day-to-day operations? So that’s how I built the program and it’s available anywhere in the country. It’s 10 weeks, how long does it take? I would say from three to five hours a week of an investment that you’re making at a bare minimum. Obviously there’s a whole lot more of depth that you can go into. The resources are built in. But I would say 10 weeks, about 50 hours of time where you’re actually engaging with the material. And then I bring in guest lecturers on each different area of expertise for lack of a better description. And they get a certificate at the end, they get a digital badge, and now they really have something where they can add value day one in a trust company or as a trustee. Frazer Rice (52:17.902)With Delaware being, you one of the real gold standards as far as trust jurisdiction, I assume that everything that comes out of this program is pretty transportable to the other useful jurisdictions, let’s call it, within the country. know, the Tennessee’s, the South Dakota’s, the Nevada’s, the Alaska’s, Wyoming’s, New Hampshire’s, et cetera. Obviously, there are hairs to split with different foibles in their law, but everything that you’re describing sounds like works everywhere else. Jennifer Zelvin McCloskey (52:47.928)And I’ve always taken the approach, you’re 100 % correct, I’ve always taken the approach of UTC. I base everything off of UTC and if there’s something different or unique based upon the jurisdiction that you’re in, I always encourage people you have to look at your statute, you have to look at the jurisdiction that you’re actually practicing this in and administering in. I use Delaware, South Dakota, Alaska as examples quite often when we’re talking about the directed stuff, but By and large, it’s UTC. Frazer Rice (53:20.966)It just a weird subset. So special needs trusts and islets, which are two types of trusts, very specific. One holds life insurance. The other is designed to really take care of people who can’t take care of themselves. And they are types of trusts that a lot of trust companies don’t like to take on because the liability is harder or the profit margin is less. For those individuals who get the opportunity to participate in those and I put that in air quotes. How would you advise people to get ready for those types of situations? Jennifer Zelvin McCloskey (53:58.308)People who are in need of those types of trusts. Frazer Rice (54:02.122)Well, maybe both. The people who need those trusts, you know, they’re going to, they, you know, it’s almost like they get set up and then the staffing gets kind of figured out later, barely. And then, you know, the, for the people who end up taking on that role, they really have no idea of what they’re in for in a sense. Is there sort of like a mini, I’m not going to say a full course like you’re describing, but a crash course in, in what’s going on here and what can I do to keep myself safe? Jennifer Zelvin McCloskey (54:30.271)Unfortunately, no, I don’t know of one. and there isn’t much built in. there’s, we talk about a little bit in the program that I built, but, those are specialized and eyelets we talk about a little bit more there, you eyelets had their day and sort of they has done ish. but special needs trust. It’s a whole other ball game because It really incorporates state law and social security and Medicaid, all of those government benefits that I think you would need something more specialized than my program that I developed. And I don’t have a great answer for that, I’m sorry. Frazer Rice (55:12.482)No, there’s not a great answer for it because it’s tough. it’s a, all of which is to say for someone who’s involved with those things and feels confused by what’s going on, that’s one where it’s worth it to spend the money to lean on a dedicated Medicaid elder care, special needs type of lawyer on that front because there are traps for the unwary. Okay, now we’re starting to butt up against an hour here of. Jennifer Zelvin McCloskey (55:29.764)Yes . . . Frazer Rice (55:38.827)Four hours. No, I’m kidding listeners. We’re not going to talk for four hours, but How do people find your program and and then I’ll ask a bonus question at the end Jennifer Zelvin McCloskey (55:49.339)So the program is on the University of Delaware’s website. You just type in peak trust management certificate and it’ll pop up. My name will be there. I think my picture might be there. It’s all over my LinkedIn. So if you look me up, you’re going to see the peak trust management certificate program. You can always email me, jennifer at zeldenlaw.com. Happy to push people into it. start, I’m in the new cohort right now. We’re two weeks into a 10 week program. But we have a new cohort starting in May. I think it’s May 4th. So may the fourth be with you. Frazer Rice (56:24.622)Terrific. So the final question here is really more of a crystal ball question. In this trust industry, trustee industry, what are the real, I’m going to say opportunities out there, and we’ve sort of painted a picture of doom and gloom and its low profit margin and things like that. Where can someone who is thinking from a business perspective about this find something? Once they’re properly educated about it and being able to participate in it. Jennifer Zelvin McCloskey (56:57.582)There are so many opportunities. There is an absolute need for good trustees everywhere. Trust companies from coast to coast, individual trustee alliance. People really, really need trustees. There’s tremendous opportunity with Heritage Institute, not the Heritage Foundation, but the Heritage Institute. There’s opportunities with…various family offices and various trust companies for education, for beneficiary education. So many opportunities out there. Trust companies are just clamoring for people. So if people are interested in becoming a trustee, getting that education, you will not have a hard time finding a job. Like you said, it’s basically recession proof. This wealth is going to transfer. We need sophisticated, knowledgeable trustees. on the receiving end of that transfer so that it happens correctly. Frazer Rice (57:56.578)I’d go so far as to say financial advisors. I just gotta say, a CFP is useful, CFA is on your investment side, but something like this, you know so much more about how intergenerational wealth works than what’s happening in those particular situations that I think it helps people stand out when I see something like that on a resume. Jennifer Zelvin McCloskey (58:00.302) “THE TRUSTEE CRISIS: Navigating the Challenges”That’s all the podcast. I hear you. I hear you. Frazer Rice (58:24.386) “THE TRUSTEE CRISIS: Navigating the Challenges”All right, with that, Jennifer, it’s great to catch up and I will have all of your information on the show notes and I will either see you at the ITA conference in Dallas or what I’m down in Delaware next. More Around “THE TRUSTEE CRISIS: Navigating the Challenges” BUILDING A TRUST COMPANY TENNESSEE AS A JURISDICTION DIRECTED TRUSTEES DELAWARE WELL BEING TRUST THE TRUSTEE CRISIS: Navigating the Challenges https://www.amazon.com/Wealth-Actually-Intelligent-Decision-Making-1-ebook/dp/B07FPQJJQT/ Keywords for THE TRUSTEE CRISIS: Navigating the Challenges trusteeship, wealth transfer, trust management, fiduciary duties, trust education, estate planning, risk management, trust administration, individual trustees, trust companies, the trustee crisis, navigating the challenges, the great wealth transfer,

For the first time since 2022, oil prices have climbed above one hundred dollars a barrel as the joint Us-Israeli operation against Iran continues, disrupting energy supplies. President Trump and his team say the pain is temporary, but the pressure at the gas pump comes on the heels of a disappointing jobs report last week… and lingering uncertainty over tariffs. EJ Antoni, Chief Economist at the Heritage Foundation, joins FOX Business's Lydia Hu to discuss his outlook for energy costs and the potential long-term economic impact of high prices. Antoni also breaks down the Heritage Foundation's Index of Economic Freedom and explains how the President's tax and deregulatory policies are supporting families and businesses. Learn more about your ad choices. Visit podcastchoices.com/adchoices

If you've ever strolled by Jackson Square on a humid morning, you know that smell—the intoxicating, sugary scent of fresh fried dough and powdered sugar mixed wafting on the wind. But what happens when one of those delicious treats decides it's not quite ready to be eaten? Today on Confetti Park Storytime, we are sprinting through the streets of New Orleans alongside a very fast, very sugary character in "The Runaway Beignet," written by the wonderful Connie Collins Morgan. And --we are beyond thrilled to feature a very special narration of this tale. A huge Confetti Park thank you goes out to Connie for sharing her story and her voice to this episode. A Louisiana Twist on a Classic Tale We all know the story of the Gingerbread Man, but Connie has given this timeless fable a delicious Louisiana makeover. Instead of a gingerbread man running through a meadow, we have a feisty beignet darting past local landmarks, clever animals, and hungry onlookers. It is a delightful romp that captures the rhythm and flavor of a street scene in the French Quarter. With its catchy "catch me if you can" singsong, a dash of bayou magic, and the charming illustrations (by Herb Leonhard) that bring the beignet to life, this is a story book you will read over and over again. A Special Thank You to Connie Collins Morgan We are beyond thrilled to feature a very special narration of this tale. A huge Confetti Park thank you goes out to Connie Collins Morgan for sharing her story and her voice to this episode. Hearing an author read their own work adds a layer of magic that you just can't get anywhere else. Connie's warmth and playful delivery make the Beignet's escape feel more vivid than ever. We are so grateful she shared her time and her talent with our community of little dreamers and music lovers. Discover More: Check out Connie's other work and grab a copy of the book at https://conniecollinsmorgan.com/ Confetti Park is a family radio program and podcast out of New Orleans. We feature local authors and songs that celebrate the magic of childhood and the unique culture of Louisiana and the Gulf South. Confetti Park is supported by the New Orleans Jazz and Heritage Foundation and Music Rising at Tulane University.    

While the Trump administration wages war against Iran and broadens their military scope in the northern hemisphere, there are more subtle campaigns being pushed here at home – like the one to convince women to do nothing more than have babies and stay at home. This week, Alex speaks to former trad wife and host of “The Wake Her Up Podcast”, Sharon Johnson, about her upbringing in the Mormon Church, what it was like to discover she could have agency and choice in her late thirties, and how she feels about trad wives trending. Then Alex is joined by host of Crooked's “Hysteria” podcast, Erin Ryan, to talk about the broader political goals behind the Heritage Foundation's Project 2026 plan, and how it attempts to punish women who don't fit their ideals.

0:30 - Jeanne Ives and Amy J filling in for Dan 13:30 - Iran 32:43 - Trump Senate Race 50:54 - Liz Nicholson, candidate for Cook County Board of Review (Dist. 2), wants to lower property taxes, fix the appeals process, and make the board more transparent, accessible, and efficient. For more on Liz and her run for Cook Co Board of Review lizfor2.com 01:09:23 - Corey A. DeAngelis, research fellow at The Heritage Foundation, and president of Educational Freedom Institute, on the Supreme Court Ruling Against Schools Keeping Secrets from Parents. Corey is also the host of Education Frontlines for Real Truth Media 01:25:43 - Noted economist Stephen Moore asks Was climate change the greatest financial scandal in history? Get more Steve @StephenMoore 01:43:29 - HotAir.com Managing Editor Ed Morrissey breaks down Kristi Noem’s House Judiciary testimony and whether she could be on the way out. 02:02:08 - Author of Plan Red: China’s Project to Destroy America & The Great U.S.-China Tech War. Gordon Chang: Iran would not be able to disrupt the international scene were it not for China. Follow Gordon on X @GordonGChangSee omnystudio.com/listener for privacy information.

Spectator World columnist – and Heritage Foundation fellow – Daniel McCarthy joins Freddy Gray to explain how Trump's war with Iran could mark the end of an era, that of neoconservatism. For Daniel, there is no contradiction between Trump's 'America First' policy and its overseas interventions: Trump is pursuing a version of hegemony that will reduce the need for future interventions. If all goes to plan, this could mark an ideological watershed that stretches back to the first Gulf War in the early 1990s – but it's a big 'if'. What if the conflict spirals out of control? To what extent was this driven by Trump, or by Netanyahu? And what are the dynamics at play between the leadership figures in Maga?Produced by Patrick Gibbons.Become a Spectator subscriber today to access this podcast without adverts. Go to spectator.co.uk/adfree to find out more.For more Spectator podcasts, go to spectator.co.uk/podcasts.Contact us: podcast@spectator.co.uk Hosted on Acast. See acast.com/privacy for more information.

Mike Jernigan, Retired Marine Colonel, of The Heritage Foundation, explains the scramble to get Americans out of the Middle East.See omnystudio.com/listener for privacy information.

Both President Trump and Secretary of War Pete Hegseth expressing disappointment that some traditional U.S. allies are pushing back on the use of force against Iran while Washington presses forward with its campaign against the terror state. The criticism reflects growing frustration inside the administration that while some European capitals have issued statements of support, operational backing has not matched the rhetoric, raising fresh questions about NATO cohesion at a moment of escalation. Spain refused U.S. permission to use certain bases for strikes on Iran, and Turkey has also criticized the operation and warned of broader regional destabilization. FOX's Eben Brown speaks with Victoria Coates, former deputy national security advisor to President Donald Trump, Vice President of the Kathryn and Shelby Cullom Davis Institute for National Security and Foreign Policy at The Heritage Foundation, and author of 'The Battle for the Jewish State: How Israel―and America―Can Win,' who says the lack of support by longtime allies is surprising, and it could have a large effect on the balance power in the world. Click Here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ To Follow 'The FOX News Rundown: Evening Edition' Learn more about your ad choices. Visit podcastchoices.com/adchoices

The death of Ayatollah Ali Khamenei at the hands of the United States marks the end of nearly four decades of authoritarian theocracy in Iran. Hawk reads and analyzes a piece from The Atlantic by Karim Sadjadpour examining Khamenei's life, his ruthless consolidation of power through the Islamic Revolutionary Guard Corps, and how the Islamic Republic of Iran was built on three ideological pillars: death to America, death to Israel, and the forced covering of women. Drawing direct parallels to the Taliban in Afghanistan, Hawk walks through the Taliban's systematic oppression of women since retaking power in 2021, from banning girls from school after age 12 to prohibiting women from appearing in public without a burka. The comparison extends to white Christian nationalism, Project 2025, and the Heritage Foundation, examining how fundamentalist religion across Islam, Christianity, and other faiths has long been weaponized by insecure men to control and silence women and girls. The IRGC's role as Khamenei's political and economic power base mirrors how Trump has used loyal institutions to consolidate control. Eric Hoffer's observation that mass movements require belief in a devil, not God, applies as much to MAGA's targeting of immigrants, trans people, and the left as it did to Khamenei's America. The Iranian government's killing of 7,000 to 10,000 protesters over economic grievances, while spending on proxy wars instead of healthcare, parallels Republican cuts to Medicaid and SNAP alongside a $200 billion ICE budget. Khamenei lived by death to America and death to Israel. Those are exactly the forces that killed him. SUPPORT & CONNECT WITH HAWK- Support on Patreon: https://www.patreon.com/mdg650hawk - Hawk's Merch Store: https://hawkmerchstore.com - Connect on TikTok: https://www.tiktok.com/@mdg650hawk7thacct - Connect on TikTok: https://www.tiktok.com/@hawkeyewhackamole - Connect on BlueSky: https://bsky.app/profile/mdg650hawk.bsky.social - Connect on Substack: https://mdg650hawk.substack.com - Connect on Facebook: https://www.facebook.com/hawkpodcasts - Connect on Instagram: https://www.instagram.com/mdg650hawk - Connect on Twitch: https://www.twitch.tv/mdg650hawk ALL HAWK PODCASTS INFO- Additional Content Available Here: https://www.hawkpodcasts.comhttps://www.youtube.com/@hawkpodcasts- Listen to Hawk Podcasts On Your Favorite Platform:Spotify: https://spoti.fi/3RWeJfyApple Podcasts: https://apple.co/422GDuLYouTube: https://youtube.com/@hawkpodcastsiHeartRadio: https://ihr.fm/47vVBdPPandora: https://bit.ly/48COaTB

The Rod and Greg Show Daily Rundown – Tuesday, March 3, 20264:20 pm: Congressman Mike Kennedy joins Greg to give us his reaction to the U.S. airstrikes on Iran, and to discuss his concerns about the next steps in ending the Iranian regime.4:38 pm: Jim Antle, Executive Editor of Washington Examiner Magazine, joins the show to discuss his piece about how President Trump can avoid getting the U.S. into a ‘forever war' with Iran.6:05 pm: Jonathan Butcher, Education Fellow with the Heritage Foundation, joins Greg to discuss the Supreme Court decision that blocks a California law preventing schools from informing parents of a child's transgender identity.6:38 pm: Steve Mosher, President of the Population Research Institute, joins Greg to discuss his New York Post piece about how President Trump's decision to bomb Iran was a tactical move to choke off China's energy pipeline.

Both President Trump and Secretary of War Pete Hegseth expressing disappointment that some traditional U.S. allies are pushing back on the use of force against Iran while Washington presses forward with its campaign against the terror state. The criticism reflects growing frustration inside the administration that while some European capitals have issued statements of support, operational backing has not matched the rhetoric, raising fresh questions about NATO cohesion at a moment of escalation. Spain refused U.S. permission to use certain bases for strikes on Iran, and Turkey has also criticized the operation and warned of broader regional destabilization. FOX's Eben Brown speaks with Victoria Coates, former deputy national security advisor to President Donald Trump, Vice President of the Kathryn and Shelby Cullom Davis Institute for National Security and Foreign Policy at The Heritage Foundation, and author of 'The Battle for the Jewish State: How Israel―and America―Can Win,' who says the lack of support by longtime allies is surprising, and it could have a large effect on the balance power in the world. Click Here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ To Follow 'The FOX News Rundown: Evening Edition' Learn more about your ad choices. Visit podcastchoices.com/adchoices

And the markets still rally! PLUS, Nathan Worcester, senior reporter for The Epoch Times, tells Shaun that Congress gave up its war-making power long ago as the Democrats cry to force a War Powers vote for Iran and points out that it's time Congress pass a spending bill instead so we can open the DHS back-up to target the sleeper cells wreaking havoc in the USA. And Shaun asks The Heritage Foundation's Dr. EJ Antoni if we just proved that sanctions don't work, but tariffs do?? See omnystudio.com/listener for privacy information.

This week on Timesuck, we dive into the 4B Movement - a radical feminist movement that originated in South Korea and centers on four simple rules: no sex with men, no dating men, no marriage, and no children. Why are some Korean women reacting to by taking such extreme measures? We'll explore how this movement formed, why it's resonated, and how this controversial movement leapt from Korean internet forums all the way to the U.S.Merch and more: www.badmagicproductions.com Timesuck Discord! https://discord.gg/tqzH89vWant to join the Cult of the Curious PrivateFacebook Group? Go directly to Facebook and search for "Cult of the Curious" to locate whatever happens to be our most current page :)For all merch-related questions/problems: store@badmagicproductions.com (copy and paste)Please rate and subscribe on Apple Podcasts and elsewhere and follow the suck on social media!! @timesuckpodcast on IG and http://www.facebook.com/timesuckpodcastWanna become a Space Lizard? Click here: https://www.patreon.com/timesuckpodcast.Sign up through Patreon, and for $5 a month, you get access to the entire Secret Suck catalog (295 episodes) PLUS the entire catalog of Timesuck, AD FREE. You'll also get 20% off of all regular Timesuck merch PLUS access to exclusive Space Lizard merch Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

0:30 - Trump announcement on Saturday of combat operations in Iran 39:54 - Iranian FM Abbas Araghachi on This Week goes full Black Knight: merely a flesh wound 01:02:40 - David Daoud, senior fellow at FDD focused on Lebanon and Hezbollah, says there are few causes in recent history as righteous as crippling the regime in Iran. Keep updated with David on X @DavidADaoud 01:20:27 - Steven Bucci of The Heritage Foundation argues that once Operation Epic Fury concludes, the likelihood of the mullahs remaining in power is low. 01:39:11 - Christopher Whalen, chairman of Whalen Global Advisors LLC & editor for The Institutional Risk Analyst, on escaping New York and the commercial real estate crash. Check out Chris’ most recent book Inflated: Money, Debt and the American Dream – 2nd Edition 01:57:32 - Joe Abraham, Angel Dad to Katie Abraham: They Tried to Ignore Us — But We Will Not Be Silent. Follow Joe on substack @angeldadjoeabraham 02:12:53 - Clinton Epstein DepositionsSee omnystudio.com/listener for privacy information.

In this episode of EdChoice Chats, Brian Ledtke talks with Madison Marino Doan, a Policy Analyst in the Center for Education Policy at The Heritage Foundation, and Jonathan Butcher, the Acting Director of the Center for Education Policy and Will Skillman Senior Research Fellow in Education Policy at The Heritage Foundation. They discuss the critical importance of civics education in America as the nation approaches its 250th anniversary and explore the current state of civics education, the need for reform, and the role of parents in advocating for better educational standards.

It might seem counterintuitive but conservative movements in the US are repeatedly shaped by donors, think tanks, and institutions not organic grassroots uprisings. Name the popular movement and 9 times out of 10 there's money interests behind it. And when the movement is genuinely organic, it's almost immediately co-opted by elites. Subscribe on Patreon to support making this show, get premium only episodes, and listen to our entire back catalog. From the Powell Memo through think tanks like the Heritage Foundation, the rise of the Christian Right, and the legal infrastructure built by groups like the Federalist Society. The business elites, donors, media ecosystems, and culture-war politics fused neoliberal economics with religious nationalism and racial grievance. The throughline is continuity: each new “movement” is a remix of the same elite strategy: mobilize popular resentment while consolidating wealth and power at the top. All this makes you wonder whether there has ever been a genuinely conservative movement in the US.

On Friday's Mark Levin Show, based solely on President's Trump's recent public statements and tone, it sounds like he has already decided to act against the Iranian regime—possibly even issuing the order—and is waiting for the right moment. Reported diplomatic moves, such as the Secretary of State's trip to Israel and upcoming negotiations, may be head fakes. Trump has repeatedly given Iran ample chances to negotiate a deal but that the regime has foolishly refused, and Trump genuinely prefers not to act militarily.  Later, Heritage Foundation's Robert Greenway calls in and explains that Iran has failed to adapt to dealing with a different, more resolute President under Trump, who has been consistent and leaves Iran with far less negotiating room. Iran has negotiated itself out of any viable deal, cannot be trusted as a partner due to repeated violations of the Obama-era agreement, and ideological refusal to honor commitments.  Afterward, Rep Chip Roy calls in and praises the Trump's current use of peace through strength — demonstrating military force and pressure — to confront the tyrannical, anti-Israel, anti-American, terror-sponsoring regime of Iran after 47 years. Roy warns against repeating North Korea's nuclearization through hesitation, urges firmness against new nuclear states, and calls for vigilance against the global march of Islam and Muslim Brotherhood influence undermining Judeo-Christian and Western values. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Democrats show their true form during Trump's State of the Union speech. PLUS, Zack Smith, Senior Legal Fellow at The Heritage Foundation, tells Shaun that not only do prosecutors need to do their jobs, but Washington DC also needs to reinstate the death penalty for premeditated, heinous crimes. And Scott 'The Cow Guy' Shellady, host of Cow Guy Close on RFD-TV, tells Shaun why we are going to see more socialist mayors in blue cities, the Democrats virtue signaling by stealing money from the wealthy, where he disagreed with Trump on his State of the Union speech, and emphasizes the future is in tech.See omnystudio.com/listener for privacy information.

Victoria Coates, VP of the Heritage Foundation & Former Deputy National Security Advisor, joins the program to discuss the ongoing cartel tensions in Mexico, before she expands on the other top foreign policy headlines in the news today. Learn more about your ad choices. Visit megaphone.fm/adchoices

Kevin Roberts and Patrick debate America's birth rate crisis, family policy, and cultural decline. From Hungary and Israel incentives to tax credits for marriage and kids, they unpack what is driving 1.58 fertility and whether the government can help reverse it.

Kevin Roberts compares Heritage to pro sports leagues, explains why the American people, not donors, are the top priority, and addresses winning over younger voters. From spending battles in DC to partnering with Turning Point, this is strategy, influence, and future planning.

President Trump is reversing the Biden administration's years of damage to American “family finances” and “federal finances.” When Biden left office in Jan. 2025, “the private sector wasn't adding any jobs at all, but losing them,” explains E.J. Antoni, Ph.D., The Heritage Foundation's chief economist. One year later and Trump is righting the ship: Last month was the best January ever for employment among native-born Americans.  The private sector added 172,000 jobs while government jobs declined by 42,000. All told, Donald Trump has reduced the federal bureaucracy by 323,000 in just one year.

Meet my friends, Clay Travis and Buck Sexton! If you love Verdict, the Clay Travis and Buck Sexton Show might also be in your audio wheelhouse. Politics, news analysis, and some pop culture and comedy thrown in too. Here’s a sample episode recapping four takeaways. Give the guys a listen and then follow and subscribe wherever you get your podcasts. Are We Going to Strike Iran? In‑depth foreign policy analysis featuring Steve Yates, senior fellow at the Heritage Foundation and former White House national security official, who breaks down the intensifying risk of U.S. military strikes against Iran. Yates outlines how the administration is negotiating over Iran’s nuclear program even as it positions F‑35s, F‑22s, and other assets for what he describes as a “high likelihood” of targeted military action within the next two weeks. He explains that any strike would be aimed at degrading Iran’s nuclear and ballistic missile capabilities—not launching a full‑scale war—while regional powers aligned under the Abraham Accords weigh their own interests in the potential collapse of the Iranian regime. The conversation then turns to the complex geopolitical landscape involving Iran, Venezuela, and Cuba, where Yates argues that the U.S. is using “smart power”—economic, political, and strategic pressure—to create conditions for gradual regime transformation without repeating the mistakes of Iraq. Clay and Buck press Yates on possible successors inside Iran, the role of the Iranian diaspora, and whether Gulf nations secretly prefer the current Ayatollah in power as a known, contained adversary. This leads into a moment of levity as they mock Rep. Alexandria Ocasio‑Cortez’s widely panned appearance at the Munich Security Conference, where she struggled to answer a basic question about China–Taiwan tensions. Yates jokes that even a quick AI search would have prepared her better. Dirty Dem Playbook The James Talarico–Stephen Colbert controversy, which Clay and Buck argue has massively backfired on Democrats. They trace how CBS refused to air the Talarico interview over potential FCC equal‑time violations involving Texas Senate candidate Jasmine Crockett, but the decision instead triggered a “Streisand Effect”, catapulting Talarico to viral fame. CNN’s election data analyst Harry Enten confirms that Google searches for Talarico skyrocketed nationally and especially in Texas—over 1,100%—dramatically shifting prediction markets toward him in the upcoming Democratic primary. Clay argues that the real political victim is Jasmine Crockett, likening the situation to the Democratic Party “rigging” the 2016 primary against Bernie Sanders. The Trans Trend Karol Markowicz, co‑host in the Clay & Buck Podcast Network, who joins to analyze two high‑profile transgender‑related family mass murders—one in British Columbia and one in Rhode Island. The hosts argue that political activism and online rhetoric have normalized delusional thinking while discouraging honest discussions about mental health. Markowicz highlights the sudden spike in youth identifying as transgender as a “social contagion,” noting huge differences in rates between states like New York and Florida. The segment also covers a groundbreaking legal development: NYU Langone halting gender-transition procedures for minors amid growing malpractice lawsuits, including a recent multimillion‑dollar jury award to a detransitioner. The show then pivots to cultural commentary, including Markowicz's evaluation of Taylor Swift’s cultural power, where she agrees that Swift is comparable in scale to global icons like the Beatles and Madonna. Clay and Buck debate Swift’s influence across generations and joke about Clay’s much‑discussed mustache. The hosts also highlight uplifting Olympic news as Team USA men’s hockey star Quinn Hughes goes viral for calling America “the greatest country in the world” after scoring a sudden‑death goal over Sweden—one of the few unapologetically patriotic moments they say mainstream media rarely promotes anymore. Pro-Trump Granny Clay and Buck spotlight a powerful moment from President Trump’s Black History Month event at the White House, where an impassioned grandmother, Floresia Cook, went viral for defending Trump’s record on crime and public safety. They note Trump’s warm statements about Jesse Jackson following his passing. The hosts wrap with an economic update: 30‑year mortgage rates have hit a four‑year low, edging just above 6%, which they say may begin to thaw the frozen housing market locked up by years of Biden‑era inflation. They end on a light note about a typo discovered in Buck’s bestselling book Manufacturing Delusion. Make sure you never miss a second of the show by subscribing to the Clay Travis & Buck Sexton show podcast wherever you get your podcasts! ihr.fm/3InlkL8 For the latest updates from Clay and Buck: https://www.clayandbuck.com/ Connect with Clay Travis and Buck Sexton on Social Media: X - https://x.com/clayandbuck FB - https://www.facebook.com/ClayandBuck/ IG - https://www.instagram.com/clayandbuck/ YouTube - https://www.youtube.com/c/clayandbuck Rumble - https://rumble.com/c/ClayandBuck TikTok - https://www.tiktok.com/@clayandbuck YouTube: https://www.youtube.com/@VerdictwithTedCruzSee omnystudio.com/listener for privacy information.

Patrick Bet-David sits down with Kevin Roberts to discuss the Tucker Carlson and Nick Fuentes fallout, Heritage Foundation's stance on political versus theological Zionism and anti-Semitism, adapting conservative policy to social media and AI, birth rate and family policy proposals, transgender surgery and mental health, China policy shifts, cabinet leadership under Trump, and calls for transparency surrounding the Epstein controversy.------

Kevin Roberts breaks down how conservative leaders manage major donors during political fractures. From Trump vs. DeSantis tensions to faith, vision, and transparency, he explains coalition building, tough conversations, and why clear principles keep organizations unified.

In this President's Day episode of John Solomon Reports, we dive into the significant events unfolding in our nation, starting with a concerning sewage leak in Maryland that has led to millions of gallons of raw sewage contaminating the iconic Potomac River. President Trump, despite being on holiday, has taken decisive action by activating FEMA to address this ecological disaster, criticizing local Democratic leadership for their mishandling of the situation. John discusses the implications of this incident and the President's strong response to Maryland's blue governor, Wes Moore.Congresswoman Claudia Tenney from New York joins the show to share her insights on the challenges facing her state and the leadership of New York City. Her candid perspective sheds light on the broader issues of governance and accountability that resonate across the nation.Next, Georgia State Senator Greg Dolezal, a leading candidate for lieutenant governor, discusses his efforts to reform Fulton County's election administration. He addresses the ongoing struggles with vote counting and the ramifications of the recent FBI raid, emphasizing the need for state oversight to ensure election integrity.Finally, Nicole Huyer from the Heritage Foundation provides a critical analysis of Mayor Mondaire's tumultuous start in office. Huyer reveals how even members of the mayor's own party are beginning to question his leadership, highlighting the pressing issues that New Yorkers are facing.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.