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In this episode, Ryan Detrick, Chief Market Strategist, and Sonu Varghese, VP, Global Macro Strategist, tackle the market implications of the ongoing government shutdown, the surge in gold prices, and what investors should expect from the Fed. They also dig into the booming AI investment cycle, shifting momentum across market caps, and why the labor market remains resilient even as hiring slows.Key TakeawaysGold Shines Bright:  Gold has remained on the rise, nearing $4,000 an ounce as central banks buy aggressively and inflation concerns persist.Shutdown, Not Slowdown:  Despite Washington gridlock, the S&P 500 keeps hitting record highs. Historically, markets shrug off shutdowns and focus on Fed policy instead.Rate Cuts Coming:  Fed futures signal multiple cuts starting this fall. Weak hiring but low layoffs point to a cooling, not collapsing, economy.AI Spending Surge:  OpenAI, NVIDIA, AMD, and others are driving a wave of capital investment, with AI-related spending now accounting for roughly 6% of U.S. GDP.Market Momentum Builds:  Strong seasonality, easing rates, and improving earnings expectations set the stage for a solid Q4, even as mid-caps lag under tariff pressure.Connect with Ryan: • LinkedIn: Ryan Detrick • X: @RyanDetrickConnect with Sonu: • LinkedIn: Sonu Varghese • X: @SonuVargheseQuestions about the show? We'd love to hear from you — factsvsfeelings@carsongroup.com#FactsVsFeelings #CarsonGroup #Gold #FederalReserve #AI #GovernmentShutdown #Investing #StockMarket #WealthManagement #EconomicOutlook #MarketInsights

Are You Missing Out on Real Estate's Best-Kept Secrets? Imagine investing in properties where: Tenants fix their own roofs You can boost income with a few tech upgrades Most investors are too scared to even look This episode reveals two underground real estate niches that could change your wealth strategy forever: Mobile Home Parks and Parking Lots Special Guest: Kevin Bupp, an investor with over $1 BILLION in real estate transactions under his belt shares how everyday investors are building wealth in places others overlook. Grab your FREE real estate investment white papers and unlock hidden wealth strategies at InvestwithSunrise.com  Resources: Text FAMILY to 66866 Call 844-877-0888 Visit FreedomFamilyInvestments.com/GRE Show Notes: GetRichEducation.com/574 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Keith Weinhold  0:00    Welcome to GRE. I'm your host. Keith Weinhold, talking about first mobile home park investing and then investing in parking lot assets. What makes them profitable? What gets investors excited about mobile home parks and parking lots? What are the risks and what's the future of both of these real estate asset classes? All with a terrific guest today on get rich education.   Keith Weinhold  0:28   You know, most people think they're playing it safe with their liquid money, but they're actually losing savings accounts and bonds don't keep up when true inflation eats six or 7% of your wealth. Every single year, I invest my liquidity with FFI freedom family investments in their flagship program. Why fixed 10 to 12% returns have been predictable and paid quarterly. There's real world security backed by needs based real estate like affordable housing, Senior Living and health care. Ask about the freedom flagship program when you speak to a freedom coach there, and that's just one part of their family of products, they've got workshops, webinars and seminars designed to educate you before you invest. Start with as little as 25k and finally, get your money working as hard as you do. Get started at Freedom family investments.com/gre or send a text now it's 1-937-795-8989, yep, text their freedom. Coach, directly. Again, 1-937-795-8989,   Corey Coates  1:40   you're listening to the show that has created more financial freedom than nearly any show in the world.This is get rich education.   Keith Weinhold  1:56   Welcome to GRE from Burlington, Vermont to Burlington, Washington and across 188 nations worldwide. I'm Keith Weinhold, and you are inside get rich education. We are all firmly in the fall season. Now, autumn, if you prefer. And as we often do, we're discussing residential real estate investing today, but it's two different and distinct niches within that, and I guess they both have to do with wheels, as it turns out, mobile home parks in the first part of the show and then parking assets later today. I think there's a compelling future use case for at least one of those two to speak to our international audience for a moment, but this will actually help clarify things for you. If you're a North American too, though it's called a mobile home, well, it doesn't really have that much to do with wheels. There might not be any wheels on it. And if a resident lives inside one of these for, say, a decade, well then it's probably going to remain attached to that same location on the ground all 10 years. That's why a mobile home is often referred to now as a manufactured home. What it is is it's a factory built residence, constructed on a permanent chassis and then transported to a site. I mean, that's what we're talking about here, and they are a less expensive alternative to traditional homes that have, say, a cast in place, concrete foundation. So therefore, understand, mobile homes are affordable housing, highly affordable housing, and that's really important in this housing affordability crisis. And I've talked quite a bit about that on the show, and the meager national supply of that all types of affordable housing, they are recession resilient. I mean, that's just one reason why we love affordable housing types here at GRE where we're often buying rental property just below an area's median price. You know, people think of mobile home parks MHPS, that they're all crime ridden and that there are slumlords. But that is not true in every case. There are actually nice ones. If you're an MHP investor, you often only own the land beneath the structure, and not the mobile home itself. The resident owns the mobile home itself. So therefore, if there's a leaky roof or a window needs replacement, or flooring needs replacement, that is on the resident to fix, not you. MHP dwellers, they often don't have to pay property tax, though, because, like I said, they don't own the land. The landlord, or the community, therefore, is the one that has to pay the property tax. So there's some thoughts on mobile home parks for you, parking asset, real estate that's still settling into its post pandemic pattern with Return to Office mandates that aren't really fully matured yet. We're still settling in and seeing how that is going to look. And then when it comes to parking lots, you got to wonder about its future. When you consider the proliferation of autonomous cars, will that make parking lots obsolete? I'll have our guest address that longtime GRE listeners, you might remember episode 13 of this show, yeah, almost 11 years ago, that episode was about how autonomous cars will affect your future and your real estate and the very need for parking lots and a lot of what I discussed there in early 2015 that is beginning to come true, but this autonomous car adoption that is way slower than a lot of people thought. I mean, most Americans, they still have not been inside an autonomous car at all. A lot of people are still saying that they don't trust that that should change soon. But as for now, I'm just guessing that fewer than one in 10 Americans have been inside an autonomous car, probably quite a bit less than that. Today's terrific guest has over $1 billion in real estate transactions under his belt. This should be interesting. He is a specific investor in both mobile home parks and parking assets.   Keith Weinhold  6:26   Today's guest is a seasoned real estate investor entrepreneur, and he's a prominent voice in the space, because he hosts the real estate investing for cash flow show. He's built a strong reputation as an expert in two niches that have less competition than some other investments, and we'll discuss those two today. They are mobile home parks and also parking asset investments too often overlooked yet pretty profitable niches, and he and I have a lot in common. I'm on the Forbes real estate Council. He is on the Forbes Technology Council. He and I are both native Pennsylvanians. It's been quite a few years. Hey, welcome back to GRE it's Kevin Bupp.    Kevin Bupp  7:06   Hey, Keith, thanks for having me back. And yeah, excited to be here, my friend, and excited to finally get caught up. When you referenced that, it was nearly eight years since we last spoke. I was taken back a little bit because A lot's happened in past eight years.    Keith Weinhold  7:21   I know that's wild with where things are at. People didn't even know the meaning of the word pandemic when you were last here on the show, Kevin, let's talk about really the case for mobile home parks. I know they can be a strong, cash flowing asset once people are really dialed into them. I think what's interesting is, since you were last here on the show, really, from the pandemic on, it's been a well documented national story where lay people just know about how the supply of housing just is not adequate in order to meet demand, and what that usually means, just talking about the single family space is, of course, they're building, but they're not building fast enough to keep up with population growth and housing demand. But what's so compelling about mobile home parks is, I mean, they're barely even building them anymore, like they are contracting in supply in a lot of areas. So tell us more about the compelling case for mobile home parks.    Kevin Bupp  8:16   Yeah, well, you had a big one. You know? It's an asset class that has a diminishing supply, right? We can get into the reasons behind that. But, you know, just from a high level perspective, one of the other factors as it relates to, you know, available homes, available housing for the growing population, is that while they are building stick boat homes, they're not fulfilling the needs of those that actually need affordable housing. So there's not a lot of the average working household can't necessarily afford the starter home any longer, and so mobile home parks are unique. I truly feel they're the best vehicle to help us fill this void of housing, affordable housing that is really needed throughout the entirety of the country. I mean, there's very few markets in this country that are still affordable. There's some places you can still go buy. You can probably go to Flint, Michigan, buy a home for 50 or $60,000 but generally speaking, I think the median home price today, I think it's crested over 400,000 I don't have the exact number, but I do believe over $400,000 and the average starter family, or even folks that are, you know, just working two jobs, making 40, $50,000 a year, they can't afford to purchase that type of home, a $400,000 home. And so again, these mobile homes you had mentioned, they're not building mobile home parks any longer. However, they're still building new mobile homes, and it's kind of interesting what's evolved over the past 10 years. The quality of the product is it's like a night and day difference of what it looked like 1015, years ago, of the homes themselves to what they look like today, and what you get for your money. You know, the average single wide that we might be putting into a community, brand new home, 13, 1400 square feet. Someone could come in and for roughly $80.70 $80 a foot, can buy a brand new home that's never been lived in before, that's unheard of, that's absolutely unheard of when you compare it to the average or the median home price across the US today. So it really is kind of the last frontier, and it's typically any market that we're in, if you take the same comparable quality of an apartment complex in the same, you know, area of town, the same school districts, we're typically about 20% less all in cost to actually own your own home, versus that of even renting the comparable size apartment. So it's a very compelling reason for folks that are looking for an affordable place, but not just affordable, but clean, safe and quiet. I mean, like we run very respectable communities, they're in the really good school districts. They're places that folks are proud to live and raise their families, then,    Keith Weinhold  10:22   yeah, that's true. This would really help meet that affordability challenge, another problem that's been so well documented. Talk to us more about what makes mobile home park investing different from investing in single family rentals or even a fourplex or a 20 unit apartment building.    Kevin Bupp  10:40   A lot of the fundamentals are similar, and I would say that it's probably more comparable to that of an apartment complex to a certain degree. Just think of it as a horizontal apartment complex, where units aren't stacked on top one another. They're just layout horizontally more wider than they are tall. But the bigger difference is in most instances, we don't actually own the homes, so the residents own the mobile homes, whereas we as community owners own the infrastructure, we own the land. We own the roads, when the sewer lines, the water lines, the common areas, if it has a clubhouse, if it has amenities, so we maintain and we own all that collective area where the folks basically come and they bring their home, they fix it to the ground, and then ultimately pay a slot rent to have their home there on that premise. And so for us, it's very attractive in that the resident that's in their home, if they have a Roofing Leak, they have a plumbing leak, they have their HVAC system go out. They're not calling us like they enter an apartment complex. It's on them, yeah. So they're homeowners. And a couple other really attractive elements of that that come as a result of having residents that live there, not just renters, is that they're very sticky. And so just like in a standard single family subdivision, where you've got folks that might have lived there for generations, you just reference that your parents literally live in the same house, and so they've lived there a very long time. It is quite common to find residents and even multi generations of the same family that live in our communities. And a couple come to mind. We just celebrated a woman's 50th year of living one of our communities in brendalin. And so you've got sticky resident base. There's not a lot of turnover. And then the last big piece of it that is really attractive us is a homeowner mentality is very different than a rental mentality as far as upkeep. And so you got folks that they plant flowers, they ensure that their units have curb appeal, right? They put flags out, they put decorations out during the holidays. It's a lot more warmth than that of what you might find in a traditional rental apartment complex.    Keith Weinhold  12:26   So what all does the tenant pay for? You mentioned that they pay for the lot rent. What other expenses do they have? How does that look for them?    Kevin Bupp  12:36   Typically, you know, utilities. So they'll have their own individual meter. They'll pay, you know, direct to the utility company, utility provider, water and sewer as well. They'll pay for their water and sewer usage. And that can come in many different forms. Sometimes, where our communities have public utilities, where it's built directly by the utility provider, sometimes it's more of a private system, where we're actually acting and participating as utility provider and building them back for their usage. Really the standard things that you might pay for if you live in a single family home. I think so the areas where it might differ. And honestly, this is really community by community for us, some of our communities, literally, the residents, they pay for the utility use, but outside of that, literally, we mow the grass, we shovel their driveway, we shovel their walkways, we handle all those type of elements, whereas some other communities, the residents we might require that they actually maintain their own grass so they their own grass, so they have to mow it, or hire a a third party vendor to come in and mow it. They might have to actually shovel their own driveway. And a lot of how we run a community really is depend on how it used to be run when we took it over. You know, if it's not broke, we don't fix it. And so a lot of times we don't like shaking things up too much. If they're used to a certain way, we just keep it status quo and continue rolling on of how the prior ownership used to manage it really similar elements of what a folks, an individual living in a single family home, might pay for so very similar.    Keith Weinhold  13:48   Okay, so they pay you the rent for the lot. This puts nearly all the maintenance and repair burden on them. So is there any sort of HOA like body here?    Kevin Bupp  13:58   Not in our community. You do find some communities, and most of these that have an HOA are typically a community that's gone through more of a co op type arrangement to where the actual individuals only like fractionalized share of the community, the residents that live there, and so then they have a the oversight from an HOA that's managing the daily operations, managing the financing, managing the budget, things like that. But in our communities, no, there is not an HOA, I'd say the one other thing that's typically included in lot rent is they don't have property taxes, right? So we own the land, and so the individuals that live in these units aren't paying individual property taxes. A lot of states require that they have a registration fee, just like you do in your vehicle, that they would have to pay on an annual basis. And then most of them have insurance as well. You know they're covering you're carrying homeowners insurance on the actual dwelling itself. Outside of that, it's, again, just pretty straightforward,    Keith Weinhold  14:47   yeah. So here we are in this low competition, low supply niche that we're talking about here we think about communities and nimbyism and building, not in my backyard. ISM oftentimes that's a sentiment that residents of a certain area have, residents say something like, ah, we don't want this new 200 unit apartment building or mobile home park here in our single family home neighborhood, like, that's nimbyism. But in mobile home parks, to me, it seemed like nimbyism is often at a different level. It's at the government or the municipal level, like your town or city, might not want one, because it doesn't generate as much property tax revenue as a new single family neighborhood would. Is that the reality? Kevin,   Kevin Bupp  15:31    that's absolutely the reality. And that's why you don't see new parks getting built. I think last year, ones that I know of, there are about a dozen that were built, many more than that. They're actually shut down, you know, for redevelopment purposes. And so that is absolutely huge part of it. In fact, you know, it's frustrating, because pretty much every municipality across the country the topic of affordable housing, it's on the radar, and it's probably one that is discussed quite often. And in all reality, again, these mobile home parks really would help resolve that challenge at most of these you know, municipalities are the shortage of homes, affordable homes, that they're facing across the country. And so, you know, another big piece of it, you mentioned the tax basis, absolutely, you know, the municipality would make, they'd have much better tax revenue from pretty much anything else that could be built there. And so that's a big barrier. But the nimbyism piece of it, I think a big part of that is it's unfortunate. I think it's getting better over time. There's bad operators in our space, just like they're bad operators in the apartment space, just like there's bad operators landlords that have single family homes that just let them deteriorate over time and don't repair things. Unfortunately, we kind of get lumped all the mobile home parks get lumped in that bad bucket. And so while there's, you know, I always joke and say there's mobile home parks that are on the wrong side of town, wrong side of the tracks, right? You don't want to go to and during the daytime. Well, guess what? There's subdivision, the single family home, neighborhoods that are the same thing, and there's apartments that are like that as well. You don't go anywhere near them. And you've got the middle of the road, right? You've got just the good, hard working, blue collar folks that want to send their kids to good public schools. We've got those communities apartments are that way too single family home subdivision, you got white collar stuff. You got some higher end stuff. Unfortunately, we kind of all get lumped in that bad bucket. That's where the assumption that's made by folks that don't understand mobile home communities have never driven through one. They just assume that it's all, you know, basically, drug, sex, rock and roll, the wrong element that we do not want in our neighborhood. We don't want anywhere near us. It's going to devalue our home prices. And for that reason, you just don't see them getting built. It's unfortunate, but it's the truth.    Keith Weinhold  17:20   Yeah, I'm just thinking about the mobile home park that I drive past most often. It's sort of walled off. There's maybe an eight or 10 foot high wall around it. I don't know if that's something that the municipality erected to sort of screen its appearance off, or something that the mobile home park built, which is my guess as to who built it, but not all mobile home parks look blighted   Kevin Bupp  17:43   absolutely, yeah. And I don't know the case that you just referenced there. I mean, it could be for sound deadening purposes, if it's off of a busy road. It could have been something put up as far as just to kind of shield off so folks that are driving past don't see the community. My guess would be that's probably not the the reason that was built. But in any event, these are, there's, you know, we've got a number of communities, Keith, that if you drove through, and I didn't, if I blindfolded you and you drove in, so you went past the entrance, you went past a sign that said manufactured home community, and I took you down a road, you wouldn't believe that you were actually in a mobile home park. Some of these homes, they're double wide homes, and they look like ranch homes, and so they're actually laid out perpendicular to this, or parallel to the street, and then they have two car site built garages that are attached to them via breezeway. So they look like your traditional ranch style home, but they're absolutely 100% mobile homes that could be moved if you wanted to move them, and for a fraction of the price of what a neighboring single family home might sell for. So there's all different qualities. They all come in different shapes and sizes. But to my point earlier, some of these communities, they're not even affordable. There's actually, there's down here in Florida, we've got what we call lifestyle communities. It's very common out in Arizona as well, where it's a lot of times a second home for snowbirds, you know, retirees that want to come down and want to live an active lifestyle. You know, they want to have two swimming pools. They want to have an activities director. They want to have, you know, shuffleboard and pickleball courts and tennis courts, and they want to live this lifestyle. And those units are anything but affordable. In fact, there's many. There's a community down the road for me that, you know, their lot rent is $1,200 a month, and so you factor that in with probably a house payment. And you know, you might be looking at 2000 to, you know, $2,300 a month, all in for the house and the lot rent. And so not necessarily in the affordable scheme of things, but they come in all shapes and sizes and again, unfortunately, we just get lumped into that bad bucket. It's unfortunate because I do think that we could really help start making a dent in this affordable housing crisis. I don't how it's going to happen any other way. I really don't, because we can't build affordable products at this point in time. It's not possible    Keith Weinhold  19:37   a posh an exclusive mobile home park there that you're referencing in Florida. As paradoxical as that sounds, tell us, Kevin, how that really works, because I know you help investors get in to mobile home parks. Does this mean an investor owns a full Park? Or I wouldn't imagine you're just doing it at the level where you just own one lot and then have One dweller pay you the lot rent. So tell us about how it works from the investor angle.    Kevin Bupp  20:05   We have fund structures that we typically roll out through sunrise capital investors and any one individual fund will own somewhere between nine to 13 somewhere, typically in that range, mobile home communities. These communities can range in size from maybe as small as 80 or 90 lots to the largest community we own at present time is 780 lots. And so it's quite large. I mean, the size of a small town. But essentially, investors come in and they own a based on their investment. They own a proportionate share of the various properties that are owned underneath that fund umbrella. And so one, an individual, might come with 100,000 and own a smaller proportion share than someone that comes in with a million dollars. But they are owners. They're absolute owners. They participate in the cash flow, they participate in the the upside, and they participate in the proceeds. When we have capital events, either cash out refinances or potential sale events.    Keith Weinhold  20:56   Tell us more about why it's so profitable. Why do mobile home park investors get excited,    Kevin Bupp  21:01   as with anything, Keith, you know, you got to buy it, right? And, you know, we look at a lot of deals, and a lot of deals don't pencil like, if we bought it for what they're asking, we would make money. We might lose money. And so the money's made on the buy, just like with any other type of real estate investment. But I think the one factor that really has allowed mobile home parks to be an attractive investment vehicle over the past, really, the last decade, it's grown the attention of lots of different private equity groups, institutional investors, that 15 years ago, they weren't in the space, and the biggest reason is a lot of these. It's a very fragmented niche, and so there was no consolidation that existed 10 years ago. There was really only two public traded companies outside that. It was mom and pops, mom and pops, that typically owned one, maybe sometimes two or three communities, but it was just a very fragmented niche. And what you find those fragmented niches that there's a lot of inefficiencies that exist in the operations. There's a lot of inefficiencies that exist with regards to utility management or managerial oversight within the community, or even keeping up with market rents. And so very often, we'll get into a community we just bought one at the end of last year, and right outside of Ann Arbor, you know, great sub market in Michigan. It's it literally has never traded hands. It was built back in the 80s by the gentleman we purchased it from. He was a subdivision developer, but he got into the manufactured housing space, so he built this, what looked like a subdivision, but it was mobile homes and and he basically owned it up until we acquired it last year, but gorgeous community, well maintained, needed some upgrades, different amenities that just were a little worn out and tired. But the biggest element within that community was that the market rents in the local area were roughly $800 a month. $800 a month for lot rent, and when we purchased it from him, the average lot rent throughout the community was $477 so there was a significant loss lease that exists. And we see this quite often with just over time they've owned it, free and clear, they go 567, years out, doing rent increases, and sooner or later, they find themselves in a situation where they are severely below the local market rents. And so there's typically a lot of loss, at least recapture, that we find going into these communities. Sometimes we'll also go in and we'll find there's a lot of waste with the water and sewer cost. It might not be billed back for usage to the residents, to where if you're not paying for something, sometimes you're abusing it. And a lot of times we can go in and put individual meters in and almost send entirely that savings down to the bottom line and find it as additional noi on our PNL. And so it's just inefficiency of operations, and again, quite common, given the mom and pop nature of this asset class. But it's very quickly becoming consolidated. Now it looks very different today than what it looked like as far as the ownership groups. When I go to an industry event 10 years ago, those other guys like us, and then a lot of mom and pops. Now it's, you know, the likes of reps from Blackstone and Carlisle group and and got lots of other institutional groups that are showing up there. So just it's very different world, and probably more akin to that of what the apartment sector looks like, as far as ownership groups and the consolidation that's happening.    Keith Weinhold  23:52   You're feeling more of that competition. Kevin and I are going to come back and talk about another, I suppose, real estate investment that has something to do with wheels, and that is investing in parking lots. I'm your host, Keith Weinhold   Keith Weinhold  24:07   if you're scrolling for quality real estate and finance info today, yeah, it can be a mess. You hit paywalls, pop ups, push alerts, Cookie banners. It's like the internet is playing defense against you. Not so fun. That's why it matters to get clean, free content that actually adds no hype value to your life. This is the golden age of quality email newsletters, and I write every word of ours myself. It's got a dash of humor. It's direct, and it gets to the point because even the word abbreviation is too long. My letter takes less than three minutes to read, and it leaves you feeling sharp and in the know about real estate investing, this is paradigm shifting material, and when you start the letter, you'll also get my one hour fast real estate video course, completely free as well. Now it's called the Don't quit your Daydream letter. It wires your mind for wealth, and it couldn't be simpler to get visit gre letter.com while it's fresh in your head, take a moment to do it now at gre letter.com Visit gre letter.com   Keith Weinhold  25:19   the same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS, 42056, they provided our listeners with more loans than anyone because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage, start your pre qual and even chat with President chailey Ridge personally. While it's on your mind, start at Ridge lending group.com that's Ridge lending group.com.   Ted Sutton  25:51   Hey, it's corporate directs Ted Sutton. Listen to get rich education with Keith Weinhold, and don't quit your Daydream.   Keith Weinhold  25:59   welcome back to get rich education. We're talking about two real estate investment niches with Kevin bump today, an expert in both mobile home park investing and in parking lot assets. And Kevin, I got to tell you, I am more skeptical about parking lot investing than I am about mobile home park investing, but you can probably help me with this. I think we know that. I mean, gosh, just historically, ever since Henry Ford did his thing. I mean, mass transit adoption is really slow in most US cities. But anymore, one needs to wonder, okay, can autonomous cars disrupt the parking model? A Robo taxi can just constantly stay on the road, dropping off and picking up passengers where, you know, some people foresee a day in the not too distant future that people won't even need to own cars. They'll sort of have a subscription to a car service, but now this is where your expertise is. So I'm sure you thought above and beyond that. So what are your thoughts there, just for the need for parking spaces?    Kevin Bupp  27:11   You make a valid point. I think the adoption of that, it's, I think it will be very different from market to market, say, the city, whereas, if you want to maybe look at one area. We have a parking garage today in downtown Phoenix, Arizona. Phoenix is very much a driving city. It's parsed out very far the public transit. It's not great there. And again, it's just it's a wider state, whereas, if you compare it to like a San Francisco, the adoption of Robo vehicles and robotaxis and things like that autonomous vehicles is much, much faster than that of a of a phoenix. But also San Francisco is much a much more consolidated marketplace as far as the urban core. And so for that reason, you know, we look at parking, it's got a there's a couple things also that feed into that. So I want to back up a little bit. One of the major changes that has been really playing out over the past 15 years within the parking sector is that building departments within now, I think it's over 100 cities across the country. Denver just announced last week that they're also adopting this policy. And that policy is that historically, if you were Keith, you're going to go on, hey, I want to build this in downtown. I want to go build this apartment complex, condo complex, mixed use property, whatever it might be. Historically, they would have required you, whether you wanted to or not. They would have made you put in a certain amount of parking per 1000 square feet, every municipality would have a formula. And what, what a lot of these cities realized a couple decades ago is that, based on their, you know, antiquated formulas, they had a surplus of parking available on a lot of these downtown areas. You know, it wasn't being used. And given the developer an opportunity and the choice to say, Hey, do I want to build 20 more parking spaces that aren't going to get used? Or I want to build want to build 10 more apartment units, they're going to choose the apartment units. And so the parking mem requirements have been taken away, have been eliminated in a lot of cities over the last decade plus. And so that's created a shrinking supply of parking because now when developers build something, they're building only as much as they need, sometimes not even as much as much as they really need, because then they can still rely upon other ancillary parking structures within the immediate marketplace. And so, so there's a shrinking supply of parking. And every city that we own in today there's a massive shrinking supply of parking. So that's big piece of it that we know that inevitably, if we get the location right, an area where literally, you wouldn't be able to afford, based on the cost of construction and the cost of lands, they wouldn't be able to afford even building new parking structure, if you so chose to. And now that there's also a shrinking supply, diminishing supply, of this parking that we can be comfortable in our demand for our product, and so to the point of like autonomous vehicles and things of that nature, I do think there will be a time. I don't know how long that time is. I do think that there will be a time where we'll see some sort of impact. I don't know what that is. And so how we underwrite deals is we feel very confident over the next 10 years. We have to have a absolute confidence level over the next 10 years that there's going to be continual demand based on the various factors within this marketplace, the demand drivers that are servicing that garage, like, who's parking there, why they're parking there. But second to that, when we. Buy something. We need to have the air rights. We know that there inevitably will be a higher and better use. So Location, location, location, it's got to make sense today as parking. We got the underwriting has to stand on its own as parking, and we have to have a comfort level that 10 years, there will be sufficient demand throughout the duration of the next decade, in the event things start changing down the road, we know that, literally, the lowest use that it could ever have is its present use, which is parking because it's just a concrete structure, sometimes just an asphalt parking lot, to where, once you go vertical, that's where you're going to be able to unlock a lot of additional potential. And so we don't underwrite the future. We look at that as icing on the cake. But we know, based on the the location, the proximity to, you know what else is happening in that marketplace, that location will be in demand, not just today, but many decades to come. So I'll stop there and see if you have any clarifying questions.   Keith Weinhold  30:51   I think about how for the parking lot investor, Jamie Dimon has been really good for you. He is so hard on the return to Office. Mandate?   Kevin Bupp  31:01   Yeah, I'd say one thing that's important to make note is, I don't know what the future holds for office I tend to make the argument that wherever picking office building in a marketplace, wherever they're at with occupancy today, I think it's probably as good as it's going to get. We don't have to go down that rabbit hole. But I just I feel like it's been long enough since covid. And don't get wrong, there's gonna be a few companies that are going to be pressed that are going to be pressing, you know, in a big way, to get people back, but I think 80% of them that we're going to go back are already there. And so any parking asset that we look at, if it's got more than 10 or 15% as far as relationship with an office building or multiple office buildings in immediate vicinity, then we typically pass on it. And on top of that, it's got to have a variety of demand drivers. So it just can't be supportive of one or two different demand drivers. We have have at least five. And so it can be a courthouse, municipal buildings, sports arenas. It's got to be a 24/7 city where there's something happening, 24 hours a day, seven days a week, hotel, valet, restaurants, retail, things like that. And office has to be a very minimal part of that makeup, or else we just move on, because I don't know how to fix it. How to fix that problem yet. I don't know what's going to you know what the future holds for your traditional office towers, especially the ones that are, you know, 50, 60% vacant at the present time? Yeah, that's interesting, because when you look at a parking lot and you're evaluating its potential and its current use, yeah, you're basically thinking about, what is that tenant mix. You don't want 100% of it to be for one office building. You would probably want a number of uses. That's correct. Yeah, absolutely. Again, like I said, Five is our minimum. I mean, the more the merrier. And I'd say another big piece of it, if we had to look at the different demand drivers and put a value or a hierarchy of what we feel, what are the highest priority demand drivers, transient is the best. I want to know that the folks that are coming there, there's enough attractions in immediate vicinity, and we need to know what those attractions are, and better understand those attractions. But there's a variety of attractions in the immediate vicinity to where it's going to continually attract transient parking. So it's not just it's not a reliance upon one thing. And so, for example, we just closed on a garage in historic Philadelphia, and so it's a block away from Liberty Bell, two blocks from Independence Hall, any of other museums. I mean, like it's it is we talk about location, location, location. It's there that part of Philadelphia has been in demand by tourism for hundreds of years, and I don't foresee that that changing anytime soon. And so 70% of the makeup of the traffic in that garage is made up of transient traffic, so folks that are visiting the various attractions and immediate vicinity. So even if one of those attractions went away, which most of them are historical, they're not going to go away. If one or two did, it still wouldn't have that significant of an impact on the parking demand.    Keith Weinhold  33:36   That's interesting. Okay, a transient customer, not one that's showing up and parking there every day to go to work. And yes, the Liberty Bell, Independence Hall, there's going to be a long term demand to see those sorts of things in person. So that's an interesting way to think about that. And Kevin, while we've been talking about parking, at least in my mind's eye, a lot of times, I've just been thinking about one paved at grade parking area, but we're talking about parking garages as well. Or what are some of the trade offs there between parking garages and an at grade parking lot?    Kevin Bupp  34:08   Yeah, I mean, at grade parking lot is, can't get any simpler than that. I mean, typically they're asphalt or sometimes just crushed gravel, but that's it. So as far as future capex requirements, there's not many, right? It's very, very minimal. Whereas a parking garage, especially if it's in a colder environment, where there's snow and you've got salt on the road, salt that's making its way up the concrete, seeping into the cracks, you've got structural rebar issues to worry about, things of that nature. So weather can take a major toll on parking structures if they're not maintained well. Whereas you know the worst that could happen the same weather, you know, the weather takes the same toll on these asphalt parking lots, but it really only equates to maybe a pothole that you have to fill in, and a parking structure could be deteriorated to the point of no return if it's been neglected long enough to where it might be unsafe, structurally where you know now you're you're getting condemned or shut down. So big considerations there, it's interesting. We Own, the one we own in Phoenix, the Phoenix, it's a desert. It's a desert climate. They get very little moisture. And that was that parking garage was built in the 60s, so very long time ago. It's the oldest thing we have in our portfolio, but it better condition has been preserved better than that of of a recent garage we purchased that was built in 1990 that's all the environment that's in. You know, there's really not much that can deteriorate concrete once in the desert.    Keith Weinhold  35:22   Was there any last thing on parking lot investing like something that gets an investor really interested in this asset class? What's really compelling and profitable about it?   Kevin Bupp  35:33    It's very technology driven business, and what we have found is a lot of these parking assets, of either they're owned by, you know, an individual investor, or if they happen to be owned by an institution, they've never been viewed as the primary investment vehicle. A lot of institutions that own parking garages, they happen to own them by default, because maybe they bought the two office towers years back, and it just happened to come with parking right? And so a lot of times, they've been somewhat neglected, like the PnL has been neglected. They haven't found ways to really extract all the value out of these parking facilities. And so very commonly, we'll go in and we'll find that the technology that's in place is 10 years old. And think about what a computer 10 years ago look like, right? Like it's you're not catching all the license plates. You're not able to log in and adjust pricing in a dynamic manner based on supply, demand factors. And so we can simply go in and just create a more efficient pricing model and find sometimes, you know, 10 15% of additional revenue just from doing those simple things, like literally a few $100,000 worth of upgrades and technology, we can add millions of dollars of value. There's other factors, you know, just simple things folks want to park in a not just clean and safe, but well lit. You know, they want to feel safe in lighting. And we'll find parking facilities that still have old halogen lights. Half of them are burnt out. If you start serving people, they're actually not parking there in the evenings. They're finding somewhere else to go because they don't feel safe. And so just going in and doing a revamp, you know, an upfit with LED lights, making it nice and bright, bright and clean and letting everyone feel safe, we'll find a instant increase in demand and Parkers in the later evening hours. So I mean just little simple operational tweaks that we can make that just have simply been overlooked for many, many years by the prior ownership groups.    Keith Weinhold  37:15   That's really interesting, that oftentimes the owner of a parking lot owns that parking lot as an afterthought, because they were in it to purchase the building that accompanies the parking lot. So it would make sense that when you focus on that parking lot, you could really add value and profitability to that lot. Well, Kevin, these have been interesting chats between mobile home park investing and parking lot assets. I think that the commonality here is that you the investor, are just owning a lot, and therefore the maintenance and hassles with these things are really low. This gives our audience an awful lot to think about. So Kevin, are there any last thoughts that you have about this space overall, and then please let us know how our audience can learn more.    Kevin Bupp  38:02   No additional thoughts. I don't believe I'd say that if you have an interest, if we've piqued your interest at all, we've written a number of white papers on both asset classes, both parking as well as mobile home parks. You can download all that for free on our website. Invest with sunrise.com We've got a number of other case studies on our website. We're pretty transparent. Well, what we buy, what we've owned, what we've exited out of. We'll go as far as providing appraisal reports and third parties and things like that on our website. So if you just want to get a sense of not just who we are, what we do, but just have a better understanding of the investment thesis behind parking and manufactured housing, there's tons of resources that you can download from the website.    Keith Weinhold  38:37   Well, that's a great way to learn more about Kevin, what he does, and then maybe even invest alongside him. Well, Kevin, it's been valuable and eye opening. It's been great to have you back on the show.    Kevin Bupp  38:46   Yeah, thanks for having me, Keith. Been a lot of fun, my friend. Good seeing you again.   Keith Weinhold  38:57   Yeah? Good stuff from Kevin there. The MHP space becoming more consolidated and corporatized too. You know, single family rentals are different from mobile home parks in that way. I mean, 90% of single family rentals are owned by small mom and pops, which means those people that own between just one and five properties, Kevin used the term loss to lease a few times. That phrase loss to lease being a real estate education show what that term means is really a lot like how it sounds. It is the potential income that a property owner misses out on because the actual rent collected is less than the current market rent. That's what loss to lease means. Though, I like the long term future of mobile home parks more than parking deals. You know, Kevin did, though, have some great answers for why he still likes parking. He focuses on a 10 year horizon. He. Looks for at least five use types for the parking. And then another great point is that in a lot of cases, the land that the parking occupies is its lowest use. So therefore, when they sell the parking area, they can get some nice exit income. That makes a lot of sense. And being two native Pennsylvanians like we are, I am familiar with that part of Philly that he's talking about. In fact, what's funny is that, in producing this show today, I guess cookies are doing their thing. This parking lot deal in Philly just appeared in my Instagram feed next week on the show, it'll be back to no guest. It's going to be all me, and you're going to hear some things that you wouldn't expect to hear Until then, I'm your host, Keith Weinhold, don't quit your Daydream.   Dolf Deroos  40:51   Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC, exclusively.   Unknown Speaker  41:19   The preceding program was brought to you by your home for wealth, building get richeducation.com

Joe's Premium Subscription: www.standardgrain.comGrain Markets and Other Stuff Links-Apple PodcastsSpotifyTikTokYouTubeFutures and options trading involves risk of loss and is not suitable for everyone.0:00 Farm Bankruptcies2:14 Bessent, Trade Talks, Farm Bailout5:16 "Debasement Trade"8:39 Brazil Update9:47 Shutdown, Rollins Interview

The October Rundown.This week, I did not plan for a guest. I have been wanting to do a genuine solo episode for a while now.To put it lightly, my junior cross-country season has not gone to plan. Today, I reflect upon my season so far, and the challenges and unexpected turns so far this fall.Historically in my running career, when I don't run well, I can usually pinpoint injury or illness as the culprit, causing either a decline in fitness or reduced performance. For the first time in my career, I am not running well, but cannot pinpoint a specific reason. Nothing is making sense right now. Sometimes, this sport doesn't make sense. Running is hard, but that's what makes it rewarding. You have to stay self-aware and keep believing and persevering through tough times. Because, ultimately, championship season is what truly matters. The greats in every walk of life face slumps; it's part of the process. That's what I have to remind myself during the struggle.Takeaways:Embrace the journey, even when it doesn't go as planned.Mental focus is key to overcoming physical challenges.Every athlete faces slumps; it's part of the process.Trust in your training and preparation.Learn from past experiences to improve future performances.The importance of self-awareness in sports.Championship season is what truly matters.Keep believing and persevering through tough times.Adjusting race strategies can lead to better outcomes.Running is hard, but that's what makes it rewarding.I hope you enjoy this episode of The Sunday Shakeout!Shoutout to the team at the Battle of 509 who told me they are fans of the podcast. Y'all are real ones.Please consider leaving a follow and a five-star review.

The Hoover History Lab held Thinking Historically: A Guide to Statecraft and Strategy, a book talk with the author, Francis J. Gavin on Thursday, October 02, 2025 from 4:00 p.m. - 6:30 p.m. PT in the Shultz Auditorium, George P. Shultz Building. It seems obvious that we should use history to improve policy. If we have a good understanding of the past, it should enable better decisions in the present, especially in the extraordinarily consequential worlds of statecraft and strategy. But how do we gain that knowledge? How should history be used? Sadly, it is rarely done well, and historians and decision-makers seldom interact. But in this remarkable book, Francis J. Gavin explains the many ways historical knowledge can help us understand and navigate the complex, often confusing world around us. Good historical work convincingly captures the challenges and complexities the decisionmaker faces. At its most useful, history is less a narrowly defined field of study than a practice, a mental awareness, a discernment, and a responsiveness to the past and how it unfolded into our present world—a discipline in the best sense of the word. Gavin demonstrates how a historical sensibility helps us to appreciate the unexpected; complicates our assumptions; makes the unfamiliar familiar and the familiar unfamiliar; and requires us, without entirely suspending moral judgment, to try to understand others on their own terms. This book is a powerful argument for thinking historically as a way for readers to apply wisdom in encountering what is foreign to them. FEATURING Francis J. Gavin is the Giovanni Agnelli Distinguished Professor and the director of the Henry A. Kissinger Center for Global Affairs at Johns Hopkins SAIS. Previously, he was the first Frank Stanton Chair in Nuclear Security Policy Studies at MIT and the Tom Slick Professor of International Affairs and the Director of the Robert S. Strauss Center for International Security and Law at the University of Texas. From 2005 until 2010, he directed The American Assembly's multiyear, national initiative, The Next Generation Project: U.S. Global Policy and the Future of International Institutions. He is the founding Chair of the Board of Editors for the Texas National Security Journal. Gavin's writings include Gold, Dollars, and Power: The Politics of International Monetary Relations, 1958-1971; Nuclear Statecraft: History and Strategy in America's Atomic Age ; and Nuclear Weapons and American Grand Strategy (Brookings Institution Press), which was named a 2020 Choice Outstanding Academic Title. His IISS-Adelphi book, The Taming of Scarcity and the Problems of Plenty: Rethinking International Relations and American Grand Strategy in a New Era was published in 2024. In 2025, he published Wonder and Worry: Contemporary History in an Age of Uncertainty with Stolpe Press, 2025 and Thinking Historically – A Guide to Statecraft and Strategy with Yale University Press. MODERATED BY Stephen Kotkin is director of the Hoover History Lab, Kleinheinz Senior Fellow at the Hoover Institution, and senior fellow at Stanford's Freeman Spogli Institute for International Studies. He has been conducting research in the Hoover Library & Archives for more than three decades.

President Donald Trump's approval ratings are historically low compared to other presidents, but have mostly plateaued in recent months.USA TODAY First Amendment Reporter BrieAnna Frank breaks down a ruling against the Trump administration that found Secretary of State Marco Rubio and Department of Homeland Security Secretary Kristi Noem misused their authority to target non-citizen pro-Palestinians for deportation.The White House is encouraging leaders at nine universities to sign a compact committing their schools to adopt President Donald Trump's policy agenda for higher education in exchange for preferential access to federal funds.The Pentagon tells Congress Trump has determined the U.S. is in 'armed conflict' with cartels.USA TODAY National Music Writer Melissa Ruggieri chats about Taylor Swift's new album - "The Life of a Showgirl" - out today.Have feedback on the show? Please send us an email at podcasts@usatoday.com. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The Cleveland Browns are going with Dillon Garbiel in London! Not Shedeur Sanders. Not Joe Flacco. So much noise around this team. It's ridiculous! It is always a mess with this team! (16:00) The Colorado Rockies have fired its GM. One of the worst seasons of all time. Bill Schmidt has been there since 1999, GM since 2021. Three straight 100-game losing seasons. 119 losses this year. Terrible farm system. (25:30) Bruce Bochy will not be the Giants manger. Not happening said Buster Posey. (30:20) What is going on with the Cardinals? What happened to the winning? Chaim Bloom is trying to change it. (37:00) Electronic Arts is being acquired for $55 billion… by the Saudi Public Investment Fund. Excuse me? (44:00) The Big Ten is about to get into bed with private equity. A $2 billion plan? What does that mean for the future of that conference? Learn more about your ad choices. Visit podcastchoices.com/adchoices

The Cleveland Browns are going with Dillon Garbiel in London! Not Shedeur Sanders. Not Joe Flacco. So much noise around this team. It's ridiculous! It is always a mess with this team! (16:00) The Colorado Rockies have fired its GM. One of the worst seasons of all time. Bill Schmidt has been there since 1999, GM since 2021. Three straight 100-game losing seasons. 119 losses this year. Terrible farm system. (25:30) Bruce Bochy will not be the Giants manger. Not happening said Buster Posey. (30:20) What is going on with the Cardinals? What happened to the winning? Chaim Bloom is trying to change it. (37:00) Electronic Arts is being acquired for $55 billion… by the Saudi Public Investment Fund. Excuse me? (44:00) The Big Ten is about to get into bed with private equity. A $2 billion plan? What does that mean for the future of that conference? Learn more about your ad choices. Visit podcastchoices.com/adchoices

The federal government shut down on Wednesday for the first time in nearly seven years after Congress failed to reach a funding deal. Historically, shutdowns have proven costly for taxpayers and inconvenient for Americans who travel or rely on government services. Republican South Dakota Congressman Dusty Johnson joins the Rundown to discuss why he believes shutdowns are ill-advised and what legislation could be implemented to prevent them in the future. A new FOX News Poll shows Democrat Mikie Sherrill ahead of Republican Jack Ciattarelli in New Jersey's competitive gubernatorial race. The closer-than-expected contest in this typically loyal Blue State has both parties speculating about what its outcome might predict for the 2026 and 2028 election cycles. Daron Shaw, a Professor of Government at the University of Texas at Austin and a member of the FOX News Decision Desk, joins the Rundown to discuss why New Jersey is receiving so much attention this fall, which other races are being closely watched this year, and the challenges of polling in the modern age.Plus, commentary from FOX News Digital columnist David Marcus Learn more about your ad choices. Visit podcastchoices.com/adchoices

The federal government shut down on Wednesday for the first time in nearly seven years after Congress failed to reach a funding deal. Historically, shutdowns have proven costly for taxpayers and inconvenient for Americans who travel or rely on government services. Republican South Dakota Congressman Dusty Johnson joins the Rundown to discuss why he believes shutdowns are ill-advised and what legislation could be implemented to prevent them in the future. A new FOX News Poll shows Democrat Mikie Sherrill ahead of Republican Jack Ciattarelli in New Jersey's competitive gubernatorial race. The closer-than-expected contest in this typically loyal Blue State has both parties speculating about what its outcome might predict for the 2026 and 2028 election cycles. Daron Shaw, a Professor of Government at the University of Texas at Austin and a member of the FOX News Decision Desk, joins the Rundown to discuss why New Jersey is receiving so much attention this fall, which other races are being closely watched this year, and the challenges of polling in the modern age.Plus, commentary from FOX News Digital columnist David Marcus Learn more about your ad choices. Visit podcastchoices.com/adchoices

October kicks off the seasonally strong six months of the year (Oct–Mar), but investors shouldn't assume smooth sailing. Historically, October averages about a 1% gain. Yet markets just notched five straight months of S&P 500 gains during the seasonally weak window, raising the odds of a short-term pullback. In this pre-market update, Lance Roberts breaks down: Why history suggests a 4–5% correction may be due. How earnings season, corporate buybacks, and fund managers playing “catch-up” could fuel year-end support. The balance between seasonal strength and the need for markets to reset. Corrections are normal and often healthy—positioning portfolios for the rally that could close out the year.

Free speech defenders are losing ground as government pressure mounts. Legal expert Greg Lukianoff reveals why the Kimmel case should terrify everyone.Full show notes and resources can be found here: jordanharbinger.com/1216What We Discuss with Greg Lukianoff:The Trump administration used FCC licensing threats and merger approval leverage to force ABC to fire Jimmy Kimmel — a form of "jawboning" where government coerces private entities to censor speech the government itself cannot legally punish.Historically, free speech has been the primary tool for minorities and marginalized groups. Martin Luther King Jr., Nelson Mandela, Frederick Douglass, and Gandhi all relied on free speech to challenge the majority and the powerful.Hate speech laws don't change minds — they drive people into echo chambers where they radicalize further. When people can only discuss controversial views with those who already agree, extremism intensifies rather than diminishes.Over one-third of college students believe violence can be acceptable in response to speech. Two-thirds support shouting down speakers, representing mob censorship that undermines the marketplace of ideas and threatens intellectual discourse.Practice intellectual courage. When encountering disagreeable speech, engage rather than silence. Ask yourself: "Am I safer knowing less about what people think?" The answer is no — open dialogue reveals problems early, strengthens your arguments, and builds a healthier society.And much more...And if you're still game to support us, please leave a review here — even one sentence helps! Sign up for Six-Minute Networking — our free networking and relationship development mini course — at jordanharbinger.com/course!Subscribe to our once-a-week Wee Bit Wiser newsletter today and start filling your Wednesdays with wisdom!Do you even Reddit, bro? Join us at r/JordanHarbinger!This Episode Is Brought To You By Our Fine Sponsors:Cayman Jack: Explore uncharted flavor: caymanjack.comQuiltmind: Email jordanaudience@quiltmind.com to get started or visit quiltmind.com for more infoPaka: Paka hoodie & crew socks: go.pakaapparel.com/jordanButcherBox: Free protein for a year + $20 off first box: butcherbox.com/jordanSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Stijn Schmitz welcomes Shawn Khunkhun to the show. Shawn Khunkhun is CEO, President, & Director, Dolly Varden Silver Corp. In this podcast, Khunkhun provides an in-depth analysis of the silver market, highlighting its unique position as both a monetary and industrial metal. With a background rooted in mining and precious metals, Khunkhun is deeply bullish on silver, believing the current market conditions are exceptionally favorable. Khunkhun emphasizes that silver is experiencing a significant supply deficit, consuming 200-250 million ounces more annually than current production and recycling can provide. He argues that silver is critically important in the emerging green economy, being essential for solar panels, electric vehicles, and various industrial applications. Historically, silver has maintained a 10-15:1 ratio with gold, which aligns with its natural abundance in the earth's crust. The discussion reveals that silver is currently trading well below its inflation-adjusted historical highs, suggesting substantial potential for price appreciation. Khunkhun predicts silver could breakthrough $50 and potentially reach $75 or even $150 when accounting for inflation. He points to increasing monetary demand, central bank interest, and growing investor awareness as key drivers for silver's potential surge. Regarding investment strategies, Khunkhun recommends various approaches for exposure to silver, including physical bullion, royalty companies like Wheaton Precious Metals, silver-focused ETFs, and primary silver mining companies. He highlights the limited number of primary silver producers and the challenges of developing new mining projects. Khunkhun is particularly optimistic about silver's long-term prospects, citing fundamental supply constraints, increasing industrial demand, and its role as a hedge against inflation and economic uncertainty. He believes the current market represents a unique opportunity for investors to gain exposure to a historically undervalued asset with significant potential for growth.

This Day in Legal History: Woodrow Wilson Supports Women's SuffrageOn September 30, 1918, President Woodrow Wilson took the unprecedented step of addressing the U.S. Senate directly to urge passage of a constitutional amendment guaranteeing women the right to vote. The House of Representatives had already approved the amendment earlier that year, but the measure had stalled in the Senate. Wilson's speech came during the final months of World War I, a context he used strategically—arguing that women had proven their patriotism and value to the nation through their labor, sacrifice, and civic contributions during wartime.Framing suffrage as a war measure and an issue of national unity, Wilson stated that denying women the vote was an injustice that undermined American democratic ideals. He contended that the world was watching and that the U.S. could not claim to fight for democracy abroad while denying it to half its citizens at home. The speech was notable both for its timing and for the fact that it came from a president who had previously been lukewarm on the issue.Wilson's appeal was a calculated political move, reflecting both the growing power of the women's suffrage movement and the need to maintain national morale. Though his speech failed to immediately sway enough senators—the amendment would not pass the Senate until June 1919—it marked a pivotal shift in executive support. Wilson's endorsement helped legitimize the movement and apply pressure on reluctant lawmakers.The Nineteenth Amendment, which prohibited the denial of the right to vote on the basis of sex, was finally ratified in August 1920. Wilson's 1918 address thus stands as a key moment in the long legal and political battle for women's suffrage in the United States, symbolizing the growing alignment of public sentiment, executive advocacy, and legislative momentum that would eventually culminate in constitutional change.In an exclusive from Reuters, federal drug prosecutions in the United States have dropped to their lowest level in decades, as the Trump administration shifts law enforcement priorities toward immigration enforcement. A Reuters analysis of nearly 2 million federal court records reveals that prosecutions for drug offenses are down 10% from the same period in 2024, with money laundering charges—often linked to high-level traffickers—dropping by 24%. These declines mark the slowest rate of federal drug enforcement activity since at least the late 1990s.The shift stems from President Trump's directive shortly after taking office to reallocate thousands of federal agents toward immigration-related efforts, including assisting U.S. Immigration and Customs Enforcement (ICE) in daily raids. This redirection of resources has disrupted traditional drug enforcement operations, with agents reporting that long-term investigations have stalled and critical cases are going “stagnant.” Even fentanyl-related investigations have been sidelined due to agents being pulled into immigration duties.Despite promises of a tough-on-drugs approach—including calls for the death penalty for some dealers—the administration's actions have hollowed out the Justice Department's Organized Crime Drug Enforcement Task Force and rerouted DEA and ATF agents to support deportation operations. These agents, often unfamiliar with immigration law, are now tasked with support roles such as transportation and crowd control during raids, sometimes simply for the sake of producing social media-friendly imagery.Meanwhile, prosecutions tied to drug importation and conspiracies have declined 6% and 15%, respectively, and gun charges associated with drug crimes have also fallen. Officials warn that the impact of this reprioritization could deepen over time, as investigations delayed today will not yield prosecutions for months or years. Nearly half of all federal criminal charges this year involve immigration violations, and over 700 federal prosecutors have been reassigned to immigration matters.While the White House defends the shift as a successful effort to reduce the flow of drugs by targeting violent criminals and cartels, law enforcement officials describe a chaotic, politically driven enforcement regime that sacrifices complex criminal investigations for visible, short-term wins. The resulting system raises concerns not only about public safety but about the long-term effectiveness of federal law enforcement priorities.Exclusive: Federal drug prosecutions fall to lowest level in decades as Trump shifts focus to deportations | ReutersThe Pentagon has deployed 200 Oregon National Guard troops under federal authority after President Donald Trump announced plans to send military forces into Portland, Oregon. The move, aimed at protecting federal immigration facilities from what Trump called “domestic terrorists,” immediately triggered a legal challenge from the state. Oregon Attorney General Dan Rayfield filed a federal lawsuit against Trump, Defense Secretary Pete Hegseth, and Homeland Security Secretary Kristi Noem, arguing that the federal deployment infringes on the state's sovereign authority over its own law enforcement and National Guard.The lawsuit describes Trump's justification as exaggerated and unsupported, noting that protests against ICE in Portland have remained relatively small and peaceful since June. It also highlights a sharp decline in violent crime in the city—homicides are reportedly down 51% compared to the same time last year—raising further questions about the necessity of military intervention.The deployment order took even top Pentagon officials by surprise, with several describing it as a “bolt from the blue.” Defense Secretary Hegseth's memo authorizing the deployment was later attached as evidence in Oregon's lawsuit. Portland officials, including Mayor Keith Wilson, were not informed of the plan in advance and reportedly learned about it via social media.Trump's rhetoric about using “full force” remains ambiguous, with no clarification on whether that includes authorization of lethal force or under what conditions it could be used. Historically, U.S. troops deployed domestically are only permitted to use force in self-defense. The sudden move has heightened tensions, particularly following a recent shooting at an ICE facility in Dallas that left one detainee dead and two others injured. Critics argue the administration's increasingly aggressive immigration enforcement risks politicizing the military and provoking unnecessary conflict in U.S. cities.Pentagon calls up 200 National Guard troops after Trump Portland announcement | ReutersIn my column for Bloomberg this week, I explore a recent tariff investigation. The investigation into computer peripheral manufacturer Anker Innovations' alleged tariff evasion highlights how modern tariff enforcement has evolved into a sprawling, bureaucratic effort that diverts taxpayer resources toward compliance rather than bolstering domestic industry. Rather than serving as effective tools of economic nationalism, tariffs often end up creating work for customs officials, trade lawyers, and compliance consultants. Each adjustment to tariff classifications triggers complex administrative networks that contradict the ideal of limited government.This system's irony deepens when considering that agencies like the IRS are underfunded, even as policymakers lean more on tariffs—a less efficient and more easily manipulated revenue source. The result is a compliance-heavy environment that benefits well-resourced firms while leaving smaller importers at a disadvantage. Investigating potential violations can be costly and time-consuming, encouraging selective enforcement and fostering a procedural limbo where discretion and inefficiency thrive.The current approach, which places tariff power largely in the executive branch, introduces volatility and undermines predictability in trade policy. Companies may invest heavily in litigation over classification issues, only to see the rules change mid-process. This undermines confidence in the system and raises the risk of corruption and favoritism. I argue that returning tariff authority to Congress and reinvigorating corporate tax enforcement would make the system more equitable and effective. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe

In today's episode, Kip breaks down what makes the start of the fourth quarter so exciting for investors. Kip explains why September's notorious market weakness is now in the rearview mirror, and why both equities and Bitcoin historically post their best returns in Q4 with data showing Bitcoin averaging a jaw dropping 57.5% gain in the final quarter over the past decade. You'll hear a candid take on financial media, the importance of thinking independently as an investor, and some sharp commentary on the “smart money hour” that signals real opportunities as institutional investors shift gears. Kip also shares insight on the effects of government shutdowns, congressional recess, and what policy shifts like Trump's economic moves and corporate expensing mean for the next market leg higher. Tune into today's podcast to learn more. 

Bootleg record Buckingham Nicks, got re-issued this month since 1973's original release! Historically a climax for Lindsey Buckingham and Stevie Nicks' relationship, and invited to join classic rock band, Fleetwood Mac. They haven't been amicable since then, what gave the go-ahead to finally remaster their duo's debut recordings? Second, Miley Cyrus has involved Fleetwood Mac alumni on her new single "Secrets". It's not her first affiliation with them. Find out who was the first, collaborated now, and whom the song is about. Theme Song: "Dance Track" by Jessica Ann CatenaRock & Roll Hall of Fame - Buckingham Nicks & Fleetwood Mac merch"Midnight Sky" / "Edge of Midnight"- Miley Cyrus (2020)David Byrne / Talking HeadsRelated Episodes: Ep. 53 - Fleetwood Mac's "Dreams" - HistoryEp. 65 - Top 40 Songs of 2020 (Pt. 2)Ep. 165- Christine McVie Top 10Ep. 172 - Miley Cyrus' "Flowers"Ep. 213 - Stevie Nicks Top 10Ep. 233 - Mariah Carey Top 10Ep. 250 - French Lyrics PlaylistEp. 296 - Billy Joel Top 10Follow us on Facebook, Twitter, Instagram, and Spotify playlists. 

As they delve on towards the core, the party encounters a large room full of water. Historically, nothing bad has ever happened in these, so there's nothing to worry about. Oh wait, was that the highly-immersive sound of someone being pulled under the water??? Cool Vons pulls a knife. Weldroa embraces the Iron Age. Steamboat Willie drinks underwater. Original Recipe Vons shoots his shot. Jyessi makes herself the center of attention. Grickx definitely knows what he's doing. Check us out online! We're at https://www.primaryattribute.com

Southeast Ohio's deer population is experiencing a serious epizootic hemorrhagic disease (EHD) outbreak, forcing wildlife managers to consider adjusting hunting regulations before the state's rifle season opens. EHD is a virus transmitted by biting flies such as no-see-ums. Deer killed by the disease are typically found near water after experiencing high fever and dehydration. Historically, the virus has been found in parts of the Southeast U.S...

Our Global Head of Thematic and Fixed Income Research Michael Zezas and our U.S. Public Policy Strategist Ariana Salvatore unpack the market and economic implications of a looming government shutdown.Read more insights from Morgan Stanley.----- Transcript ----- Michael Zezas: Welcome to Thoughts on the Market. I'm Michael Zezas, Morgan Stanley's Global Head of Fixed Income Research and Public Policy Strategy. Ariana Salvatore: And I'm Ariana Salvatore, U.S. Public Policy Strategist. Michael Zezas: Today, our focus is once again on Washington – as the U.S. government fiscal year draws to a close and a potential government shutdown hangs in the balance.It's Friday, September 26th at noon in New York. Ariana we're just four days away from the end of the month. By October 1st, Congress needs to have a funding agreement in place, or we risk a potential shutdown. To that point, Democrats and Republicans seem far apart on the deal to avoid a shutdown. What's the state of play? Ariana Salvatore: Right now, Republicans are pushing for what's called a clean continuing resolution. That's a bill that would keep funding levels flat while putting more time on the clock for negotiators to hammer out full fiscal year appropriations. And the CR they're proposing lasts until November 21st. Democrats, conversely, are seeking to tie government funding to legislative compromise in other areas, including the enhanced Obamacare or ACA subsidies, and potential spending cuts to Medicaid from the One Big Beautiful Bill Act, which Republicans signed earlier this year. Remember, even though Republicans hold a majority in both chambers, this has to be a bipartisan agreement because of exactly how thin those margins of control are. But Mike, it seems as we get closer, investors are asking more infrequently whether or not a shutdown is happening – and are more interested in how long it could potentially last. What are we thinking there? Michael Zezas: So, it's hard to know. Shutdowns typically last a few days, but sometimes there are short as a few hours, sometimes as long as a few weeks. Historically, shutdowns tend to end when the economic risk, and therefore the attached political risk gets real. So, consider the 35-day shutdown under President Trump in this first term. The compromise that ended it came quickly after there was an air traffic stoppage at New York's LaGuardia Airport – when 10 air traffic controllers who weren't being paid failed to show up for work. So, we think the more relevant question for investors is what it all means for economic activity. Our economists have historically argued that a government shutdown takes something like 0.1 percent off of GDP every single week it's happening. However, once employees go back to work, a lot of times that effect fades pretty quickly. Now it's important to understand that this time around there could be a wrinkle. The Trump administration is talking about laying employees off on a durable basis during the shutdown. And that's something that maybe would have more of a lasting economic impact. It's hard to know how credible that potential is. There would almost certainly be court challenges, but it's something we have to keep our eye on that could create a more meaningful economic consequence. Ariana Salvatore: That's right. And there are also some really important indirect macroeconomic effects here. Like delayed data releases. Much of the federal workforce, to your point, will not be working through a shutdown – which could impede the collection and the release of some key data points that matter for markets like labor and inflation data, which come from BLS, the Bureau of Labor Statistics. So, assuming we're in this scenario with a longer-term shutdown. Obviously, we're going to see an increase in uncertainty, especially as investors are looking toward each data print for guidance on what the Fed's next move might be. What do we expect the market reaction to all of this to be? Michael Zezas: Well, the obvious risk here is that markets might have to price in some weaker growth potential. So, you could see treasury yields fall. You could see equity markets wobble; be a bit more volatile. It could be that those effects are temporary, though. And that volatility could easily be amplified by having to price risk in the market without the data you were talking about, Ariana. So, investors could overreact to anecdotal signals about the economy or underweight some real risks that they're not seeing. So, that's why even a short shutdown can have outsized market effects. Well, Ariana, thanks for taking the time to talk.Ariana Salvatore: Great speaking with you, Mike. Michael Zezas: And to our audience, thanks for listening. If you enjoy Thoughts on the Market, please leave us a review wherever you get this podcast and tell your friends about it. We want everyone to listen.

Historically, medical research has done a disservice to women. In fact, for many years, scientists only studied men, assuming that all effects would generalize to women. But we now know that’s not true. In today’s show, we’re talking about how we can improve the state of science on women's health, and how that begins with having a fuller understanding of the hormone shifts that occur during the menstrual cycle and how they affect women’s brains and bodies. I am joined once again by Dr. Sarah Hill, the author of This is Your Brain on Birth Control. She has spent most of her 20+ year career studying women, relationships, and health. Her latest book is titled The Period Brain: The New Science of Why We PMS and How To Fix It. Some of the specific topics we explore include: What’s the problem with one-size-fits-all medical advice? How does the concept of PMS pathologize natural things that happen to women's bodies? What’s the problem with using the male body as the “standard” in scientific research? What’s wrong with the way scientists typically treat the menstrual cycle in studies of women? How can we do research that actually serves women? You can check our Sarah’s website to learn more about her work. Got a sex question? Send me a podcast voicemail to have it answered on a future episode at speakpipe.com/sexandpsychology. *** Thank you to our sponsors!  Passionate about building a career in sexuality? Check out the Sexual Health Alliance. With SHA, you’ll connect with world-class experts and join an engaged community of sexuality professionals from around the world. Visit SexualHealthAlliance.com and start building the sexuality career of your dreams today. The Kinsey Institute at Indiana University has been a trusted source for scientific knowledge and research on critical issues in sexuality, gender, and reproduction for over 75 years. Be sure to register for the Sex and Aging Symposium, which will take place on October 4, 2025. *** Want to learn more about Sex and Psychology? Click here for previous articles or follow the blog on Facebook, Twitter, or Bluesky to receive updates. You can also follow Dr. Lehmiller on YouTube and Instagram. Listen and stream all episodes on Apple, Spotify, or Amazon. Subscribe to automatically receive new episodes and please rate and review the podcast! Credits: Precision Podcasting (Podcast editing) and Shutterstock/Florian (Music). Image created with Canva; photos used with permission of guest.

Episode 322 An ancient skull discovered in China may have just rewritten the story of human evolution. It's widely accepted that the common ancestor of Homo sapiens, Denisovans and Neanderthals came out of Africa. But this skull upends that assumption - potentially showing human evolution began in Asia. Discover how a new reconstruction of the Yunxian fossil skull could push back human origins by 400,000 years. Tylenol does not cause autism. The US government has made headlines with claims that this common painkiller, also known as paracetamol, is playing a big role in what's been falsely dubbed the ‘autism epidemic'. As Donald Trump and Robert F Kennedy Jr call for pregnant women to avoid Tylenol, we discuss what we know from science, and hear from medical experts of the danger of this new advice. Sagittarius A*, the supermassive black hole at the centre of our galaxy, is more active than we thought. Historically our black hole has seemed rather quiet. But a new discovery shows the first clear evidence of winds - streams of hot gas - coming from it. The finding could help us figure out what Sag A* looks like and what it'll do in the future. Chapters: (00:00) Intro (01:05) This skull could rewrite the story of human evolution (16:39) Autism and Tylenol (26:26) Black hole discovery Hosted by Rowan Hooper and Penny Sarchet, with guests Michael Marshall, Grace Wade, Alex Wilkins, Chris Stringer, Arthur Caplan and Gretchen Goldman. To read more about these stories, visit https://www.newscientist.com/Get your ticket for New Scientist Live here: https://live.newscientist.com/ Find the New Scientist CoLab episode with Octopus Energy here: https://www.newscientist.com/podcasts/inside-the-uk-s-energy-revolution/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Historically, an “everyone is a VIP” philosophy made good business sense for Disney amusement parks. But now Disney is embracing tiered services. Daniel Currell explains why and what's to come.

Steve Yates of Heritage Foundation WITH GORDON CHANG discussed concerns that Trump might pause Taiwan weapons sales for a Chinatrade deal. He warned against tactical concessions, noting Xi Jinping's historically broken promises regarding militarization. 1925 TAIPEI

Andrew McCarthy and Thaddeus McCotter debate Trump's Venezuelan boat strikes. McCarthy questions whether drug boats equal naval attacks, noting drug trafficking is historically a felony, not war. McCotter highlights Congress's desire to avoid difficult votes. 1930 CARACAS BOLIVAR

Andrew McCarthy and Thaddeus McCotter debate Trump's Venezuelan boat strikes. McCarthy questions whether drug boats equal naval attacks, noting drug trafficking is historically a felony, not war. McCotter highlights Congress's desire to avoid difficult votes. 1892 ARAGUA

In this conversation, Bryon White, co-founder of Yaupon Brothers, discusses the unique qualities and benefits of Yaupon, the only caffeine-containing plant native to North America. He shares insights into the history of Yaupon, its cultivation, and the innovative flavored blends that have emerged. The discussion also covers their recent influencer branded products and the importance of building authentic relationships with influencers for successful marketing. We discuss the challenges faced by the CPG industry, and the role of regenerative agriculture in sustainable farming practices. Bryon emphasizes the need for entrepreneurs to understand their customers and the significance of leaving the world better than we found it.Takeaways:Yaupon is the only caffeine-containing plant native to North America.Historically, Yaupon was widely consumed across various cultures for its energizing and medicinal properties.Yaupon offers a smoother taste compared to traditional teas due to its lower tannin content.Theobromine in Yaupon provides a chill energy boost without jitters.Yaupon Brothers focuses on cultivating unique varietals for better tea production.Flavored Yaupon blends have gained popularity, appealing to a broader audience.Building authentic relationships with influencers can lead to successful collaborations.Regenerative agriculture practices are integral to Yaupon cultivation.Entrepreneurs should prioritize understanding their customers before launching products.The CPG industry faces challenges with rising costs across the supply chain, local production is a big win.Sound bites:“Yaupon has been associated with mental, spiritual, and physical purity for at least 8,000 years, probably longer than that. And only in the last 150, 200 years has it really sort of been forgotten about.”“Yaupon is the only caffeine source native to North America.”“It's very similar to tea in terms of its caffeine content, but with a higher ratio of theobromine to caffeine, meaning that it's a way more chill experience.”"Flavored Yaupon blends have gained popularity."“Yaupon is the only caffeinated holly native to in North America. The other two are in South America and those are yerba mate and wayusa.”“Yaupon trees provide habitat for wildlife, they provide food for pollinators, they help stabilize the soil, and when we harvest the trees, we tend to put the woody material from the harvesting process back into the soil, so there could be like a carbon sequestration component as well.”“We were able to give Uncle Pappy a way to monetize his following without doing things that he wasn't comfortable doing. Without selling out, so to speak.”“We have a 5 % give back to Friends of the Everglades, which was something that Uncle Pappy cared about a lot and something that we jive with.”"The CPG industry faces rising costs and challenges.""Social media has made us dumb and inconsiderate."Links:Bryon White on LinkedIn - https://www.linkedin.com/in/bryon-white-b9b172b0/Yaupon Brothers - https://yauponbrothers.com/Yaupon Brothers on Facebook - https://www.facebook.com/YauponAsiTea/Yaupon Brothers on Instagram - https://www.instagram.com/yauponteaYaupon Brothers on YouTube - https://www.youtube.com/channel/UC1hGFk-WriknjdCK0iqF0MQYaupon Brothers on TikTok - https://www.tiktok.com/@yauponbrothers…Black Drink, A Native American Tea (Book) - https://www.thriftbooks.com/w/black-drink-a-native-american-tea/2851945/item/28550797/#edition=3163440&idiq=33503911…Uncle Pappy Florida Chai - https://yauponbrothers.com/products/yaupon-tea-uncle-pappys-zippacket-16Uncle Pappy on Instagram - https://www.everglades.org/Uncle Pappy on Tik Tok - https://www.tiktok.com/@unc.pappyUncle Pappy on YouTube - https://www.youtube.com/channel/UC7arn0PnTCPNbAKRzNhD-vQFriends of the Everglades - https://www.everglades.org/…Brands for a Better World Episode Archive - http://brandsforabetterworld.com/Brands for a Better World on LinkedIn - https://www.linkedin.com/company/brand-for-a-better-world/Modern Species - https://modernspecies.com/Modern Species on LinkedIn - https://www.linkedin.com/company/modern-species/Gage Mitchell on LinkedIn - https://www.linkedin.com/in/gagemitchell/…Print Magazine Design Podcasts - https://www.printmag.com/categories/printcast/…Heritage Radio Network - https://heritageradionetwork.org/Heritage Radio Network on LinkedIn - https://www.linkedin.com/company/heritage-radio-network/posts/Heritage Radio Network on Facebook - https://www.facebook.com/HeritageRadioNetworkHeritage Radio Network on X - https://x.com/Heritage_RadioHeritage Radio Network on Instagram - https://www.instagram.com/heritage_radio/Heritage Radio Network on Youtube - https://www.youtube.com/@heritage_radioChapters:03:00 Introduction to Yaupon and Its Significance05:50 Health Benefits and Unique Qualities of Yaupon08:48 Consumer Reactions and Perceptions of Yaupon11:41 Yaupon Varietals and Flavored Blends14:41 The Founding Story of Yaupon Brothers17:41 Processing Yaupon and Its Accessibility20:45 Affiliate Marketing and Influencer Collaborations23:48 Successful Collaborations and Product Development26:45 Future of Affiliate Marketing and Building Relationships41:51 The Shift in Investment Landscape44:52 Challenges in Starting New Ventures47:44 Influencer Collaborations and Market Expansion52:37 Embracing Regenerative Agriculture58:03 Advice for Aspiring Entrepreneurs01:06:32 Defining a Better WorldSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Friends of the Rosary,Historically, today, September 25, is the commemoration of Our Lady of Ransom. The Blessed Virgin appeared in separate visions to St. Peter Nolasco, St. Raymond of Penafort, and James, King of Aragon, in 1218, asking them to found a religious order dedicated to freeing Christian captives from the barbarous Saracens, also known as Moors, who at the time held a significant part of Spain.On August 10, 1218, King James established the royal, military, and religious Order of our Lady of Ransom, first known as the Order of St. Eulalia, now known as the Mercedarian Order, with most of the members being knights. Many became heroes of charity who collected alms for the ransom of Christians, and often gave themselves up in exchange for Christian prisoners.This feast was extended to the whole Church by Innocent XII in the 17th century.Additionally, in England today, the Feast of Our Lady of Walsingham is observed. In 1061, the lady of the manor of Walsingham, Richeldis de Faverches, was instructed by a vision of the Virgin Mary to build in her village an exact replica of the house in Nazareth in which the Annunciation had taken place.The original house was destroyed by Henry VIII, but by 1897, the chapel had been reconstructed, and pilgrimage was restored for both Anglicans and Catholics.On March 29, 2020, England was rededicated as the “Dowry of Mary,” with Our Lady of Walsingham being the central Marian devotion around the rededication.Ave Maria!Come, Holy Spirit, come!To Jesus through Mary!Here I am, Lord; I come to do your will.Please give us the grace to respond with joy!+ Mikel Amigot w/ María Blanca | RosaryNetwork.com, New YorkEnhance your faith with the new Holy Rosary University app:Apple iOS | New! Android Google Play• ⁠September 24, 2025, Today's Rosary on YouTube | Daily broadcast at 7:30 pm ET

Water is the unsung workhorse of the oil and gas industry. It's instrumental for generating steam, driving b, lubricating drill bits, flooding reservoirs, and separating oil from oil sands. Historically it's been cheap, plentiful, and overlooked. As climate pressures mount and scarcity becomes real, water is now emerging as one of the industry's most critical resources. Water isn't just another utility, like power. It's a highly interconnected system. A quick fix in one unit can cause downstream failures, regulatory breaches, or environmental harm. Unlike power, water can be reused. Companies are now wise to the fact that traditional, siloed approaches to water management no longer work. One solution lies in building holistic, site-wide digital twins of water systems. These models bring together flows, chemistry, capacity, compliance, and infrastructure data into one view, enabling operators to troubleshoot more effectively, run “what if” scenarios, and align operations with ESG commitments. In this episode, I speak with Gil Maron, a project engineer with FTD Solutions, about his journey from refinery process engineer to water management specialist, why water is local and unique to every site, and how digital twins are helping oil and gas companies cut costs, meet sustainability goals, and avoid costly mistakes.

Our Head of India Research Ridham Desai and leaders from Morgan Stanley Investment Management Arjun Saigal and Jitania Kandhari discuss how India's promising macroeconomic trajectory and robust capital markets are attracting more interest from global investors. Read more insights from Morgan Stanley.----- Transcript ----- Ridham Desai: Welcome to Thoughts on the Market. I'm Ridham Desai, Morgan Stanley's Head of India Equity Research and Chief India Equity Strategist. Today, the once in a generation investment opportunities Morgan Stanley sees in India. Joining me in the studio, Arjun Saigal, Co-Head of Morgan Stanley Investment Management at India Private Equity, and Jitania Khandari, Morgan Stanley Investment Management, Head of Macros and Thematic Research for EM Public Equity. It's Tuesday, September 23rd at 4pm in Mumbai. Jitania Kandhari: And 6:30am in New York. Ridham Desai: Right now, India is already the world's fourth largest economy, and we believe it's on track to becoming the third largest by the end of this decade. If you've been following our coverage, you know, Morgan Stanley has been optimistic about India's future for quite some time. It's really a perfect storm – in a good way. India has got a growing young workforce, steady inflation, and is benefiting from some big shifts in the global landscape. When you put all of that together, you get a country that's set up for long-term growth. Of course, India is also facing pressure from escalating tariffs with the U.S., which makes this conversation even more timely. Jitania, Arjun, what are the biggest public and private investment opportunities in India that you'd highlight. Jitania Kandhari: I'd say in public equities there are five broad thematic opportunities in India. Financialization of savings and structurally lower credit costs; consumption with an aspirational consumer and a growing middle-class; localization and supply chain benefits as a China +1 destination; digitization with the India stack that is helping to revolutionize digital services across industries; and CapEx revivals in real estate and industrials, especially defense and electrification. Arjun Saigal: I will just break down the private markets into three segments. The first being the venture capital segment. Here, it's generally been a bit of hit or miss; some great success stories, but there've also been a lot of challenges with scale and liquidity. Coming to the large cap segment, this is the hundred million dollars plus ticket size, which attracts the large U.S. buyout funds and sovereign wealth funds. Here target companies tend to be market leaders with scale, deep management strength, and can be pretty easily IPO-ed. And we have seen a host of successful PE-backed IPOs in the space. However, it has become extremely crowded given the number of new entrants into the space and the fact that regional Asia funds are allocating more of their dollars towards India as they shift away from China. The third space, which is the mid-market segment, the $50- to $100 million ticket size is where we believe lies the best risk reward. Here you're able to find mid-size assets that are profitable and have achieved market leadership in a region or product. These companies have obvious growth drivers, so it's pretty clear that your capital's able to help accelerate a company's growth path. In addition, the sourcing for these deals tends to be less process driven, creating the ability to have extended engagement periods, and not having to compete only on price. In general, it's not overly competitive, especially when it comes to control transactions. Overall, valuations are more reasonable versus the public markets and the large cap segment. There are multiple exit routes available through IPO or sale to large cap funds. We're obviously a bit biased given our mid-market strategy, but this is where we feel you find the best risk reward. Ridham Desai: Jitania, how do these India specific opportunities compare to other Emerging Markets and the developed world? Jitania Kandhari: I will answer this question from two perspectives. The macro and the markets. From a macro perspective, India, as you said, has better demographics, low GDP per capita with catchup potential, low external vulnerability, and relatively better fiscal dynamics than many other parts of the world.It is a domestic driven story with a domestic liquidity cycle to support that growth story. India has less export dependency compared to many other parts of the emerging and developed world, and is a net oil importer, which has been under pressure actually positively impacting commodity importers. Reforms beginning in 2017 from demonetization, GST, RERA and other measures to formalize the economy is another big difference. From a market standpoint, it is a sectorally diversified market. The top three sectors constitute 50 percent in India versus around 90 percent in Taiwan, 66 percent in Brazil, and 57 percent overall in EM. Aided by a long tail of sectors, India screens as a less concentrated market when compared to many emerging and developed markets. Ridham Desai: And how do tariffs play into all this? Jitania Kandhari: About 50 percent of exports to the U.S. are under the 50 percent tariff rate. Net-net, this could impact 30 to 80 basis points of GDP growth.Most impacted are labor intensive sectors like apparel, leather, gems and jewelry. And through tax cuts like GST and monetary policy, government is going to be able to counter the first order impacts. But having said that, India and U.S. are natural partners, and hence this could drag on and have second order impacts. So can't see how this really eases in the short term because neither party is too impacted by the first order impacts. U.S. can easily replace Indian imports, and India can take that 30 basis point to 50 basis points GDP impact. So, this is very unlike other trade deals where one party would have been severely impacted and thus parts were created for reversals. Ridham Desai: What other global themes are resonating strongly for India? And conversely, are there themes that are not relevant for investing in India? Jitania Kandhari: I think broadly three themes globally are resonating in India. One is demographics with the growing cohort of millennials and Gen Z, leading to their aspirations and consumption patterns. India is a large, young urbanizing population with a large share in these demographic cohorts. Supply chain diversification, friend-shoring, especially in areas like electronics, technology, defense, India is an integral part of that ecosystem. And industrials globally are seeing a revival, especially in areas like electrification with the increased usage of renewables. And India is also part of that story given its own energy demands. What are the themes not relevant for investing in India is the aging population, which is one of the key themes in markets like North Asia and Eastern Europe, where a lot of the aging population drivers are leading to investment and consumption patterns. And with the AI tech revolution, India has not really been part of the AI picks and shovels theme like other markets in North Asia, like Korea, Taiwan, and even the Chinese hardware and internet names. Globally, in selected markets, utilities are doing well, especially those that are linked to the AI data center energy demand; whereas in India, this sector is overregulated and under-indexed to growth. Ridham Desai: Arjun, how does India's macro backdrop impact the private equity market in particular? Arjun Saigal: So, today India has scale, growth, attractive return on capital and robust capital markets. And frankly, all of these are required for a conducive investment environment. I also note that from a risk lens, given India being a large, stable democracy with a reform-oriented government, this provides extra comfort of the country being an attractive place to invest. You know, we have about $3 billion of domestic money coming into the stock market each month through systematic investment plans. This tends to be very stable money, versus previously where we relied on foreign flows, which were a lot more volatile in nature. This, in turn, makes for some very attractive PE exits into the public markets. Ridham Desai: Are there some significant intersections between the public and private equity markets? Arjun Saigal: You know, it tends to be quite limited, but we do see two areas. The first being pre-IPO rounds, which have been taking place recently in India, where we do see listed public funds coming into these pre-IPO rounds in order to ensure a certain minimum allocation in a company. And secondly, we do see that in certain cases, PE investors have been selectively making pipe investments in sectors like financial services, which have multiple decade tailwinds and require regular capital for growth. Unlike developed markets, we've not seen too many take private deals being executed in India due to the complex regulatory framework. This is perhaps an area which can open up more in the future if the process is simplified. Ridham Desai: Finally, as a wrap up, what do you both think are the key developments and catalysts in India that investors should watch closely? Arjun Saigal: We believe there are a couple of factors, one being repeat depreciation. Historically this has been at 2.5 to 3 percent, and unfortunately, it's been quite expensive to hedge the repeat. So, the way to address this is to sort of price it in. The second is full valuations. India has never been a cheap market, but in certain pockets, valuations of listed players are becoming quite concerning and those valuations in turn immediately push up prices in the large ticket private market space. And lastly, I would just mention tariffs, which is an evolving situation. Jitania Kandhari: I would add a couple more things. Macro equilibrium in India should be sustained – as India has been in one of the best positions from a macroeconomic standpoint. Private sector CapEx is key to drive the next leg of growth higher. Opportunities for the youth to get productively employed is critical in development of an economy. And India has always been in a geopolitical sweet spot in the last few years, and with the tariff situation that needs some resolution and close monitoring. All of this is important for nominal growth, which ultimately drives nominal earnings growth in India that are needed to justify the high valuations. Ridham Desai: Arjun, Jitania, thank you both for your insights. Arjun Saigal: Great speaking with you Ridham. Jitania Kandhari: Thank you for having us on the show. Ridham Desai: And thanks for listening. If you enjoy Thoughts on the Market, please leave us a review wherever you listen and share the podcast with a friend or colleague today.

The Black Death that arrived in the spring of 1348 eventually killed nearly half of England's population. In its long aftermath, wages in London rose in response to labor shortages, many survivors moved into larger quarters in the depopulated city, and people in general spent more money on food, clothing, and household furnishings than they had before. Household Goods and Good Households in Late Medieval London: Consumption and Domesticity After the Plague (U Pennsylvania Press, 2021) by Dr. Katherine French looks at how this increased consumption reconfigured long-held gender roles and changed the domestic lives of London's merchants and artisans for years to come.Grounding her analysis in both the study of surviving household artifacts and extensive archival research, Dr. French examines the accommodations that Londoners made to their bigger houses and the increasing number of possessions these contained. The changes in material circumstance reshaped domestic hierarchies and produced new routines and expectations. Recognizing that the greater number of possessions required a different kind of management and care, Dr. French puts housework and gender at the center of her study. Historically, the task of managing bodies and things and the dirt and chaos they create has been unproblematically defined as women's work. Housework, however, is neither timeless nor ahistorical, and Dr. French traces a major shift in women's household responsibilities to the arrival and gendering of new possessions and the creation of new household spaces in the decades after the plague. This interview was conducted by Dr. Miranda Melcher whose book focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. You can find Miranda's interviews on New Books with Miranda Melcher, wherever you get your podcasts. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

The Black Death that arrived in the spring of 1348 eventually killed nearly half of England's population. In its long aftermath, wages in London rose in response to labor shortages, many survivors moved into larger quarters in the depopulated city, and people in general spent more money on food, clothing, and household furnishings than they had before. Household Goods and Good Households in Late Medieval London: Consumption and Domesticity After the Plague (U Pennsylvania Press, 2021) by Dr. Katherine French looks at how this increased consumption reconfigured long-held gender roles and changed the domestic lives of London's merchants and artisans for years to come.Grounding her analysis in both the study of surviving household artifacts and extensive archival research, Dr. French examines the accommodations that Londoners made to their bigger houses and the increasing number of possessions these contained. The changes in material circumstance reshaped domestic hierarchies and produced new routines and expectations. Recognizing that the greater number of possessions required a different kind of management and care, Dr. French puts housework and gender at the center of her study. Historically, the task of managing bodies and things and the dirt and chaos they create has been unproblematically defined as women's work. Housework, however, is neither timeless nor ahistorical, and Dr. French traces a major shift in women's household responsibilities to the arrival and gendering of new possessions and the creation of new household spaces in the decades after the plague. This interview was conducted by Dr. Miranda Melcher whose book focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. You can find Miranda's interviews on New Books with Miranda Melcher, wherever you get your podcasts. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/gender-studies

Join us on Smugglers Galaxy Podcast as we debate if large, multi-million dollar toy companies use crowdfunding platforms to fund their products?Historically, these platforms empowered independent creators and small businesses to bring their passion projects to life. But now, big corporations are using them to fund massive toy lines. Is this a misuse of a tool built for the "little guy," or an evolution of how products are funded?We also tackle a crucial question for any brand: What happens when a crowdfunding campaign fails to get funded? Does it damage a company's reputation or is it just a business risk?Tune in to our latest episode for an insightful discussion on toy crowdfunding, brand strategy, and the future of product launches.

The Black Death that arrived in the spring of 1348 eventually killed nearly half of England's population. In its long aftermath, wages in London rose in response to labor shortages, many survivors moved into larger quarters in the depopulated city, and people in general spent more money on food, clothing, and household furnishings than they had before. Household Goods and Good Households in Late Medieval London: Consumption and Domesticity After the Plague (U Pennsylvania Press, 2021) by Dr. Katherine French looks at how this increased consumption reconfigured long-held gender roles and changed the domestic lives of London's merchants and artisans for years to come.Grounding her analysis in both the study of surviving household artifacts and extensive archival research, Dr. French examines the accommodations that Londoners made to their bigger houses and the increasing number of possessions these contained. The changes in material circumstance reshaped domestic hierarchies and produced new routines and expectations. Recognizing that the greater number of possessions required a different kind of management and care, Dr. French puts housework and gender at the center of her study. Historically, the task of managing bodies and things and the dirt and chaos they create has been unproblematically defined as women's work. Housework, however, is neither timeless nor ahistorical, and Dr. French traces a major shift in women's household responsibilities to the arrival and gendering of new possessions and the creation of new household spaces in the decades after the plague. This interview was conducted by Dr. Miranda Melcher whose book focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. You can find Miranda's interviews on New Books with Miranda Melcher, wherever you get your podcasts. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Black Death that arrived in the spring of 1348 eventually killed nearly half of England's population. In its long aftermath, wages in London rose in response to labor shortages, many survivors moved into larger quarters in the depopulated city, and people in general spent more money on food, clothing, and household furnishings than they had before. Household Goods and Good Households in Late Medieval London: Consumption and Domesticity After the Plague (U Pennsylvania Press, 2021) by Dr. Katherine French looks at how this increased consumption reconfigured long-held gender roles and changed the domestic lives of London's merchants and artisans for years to come.Grounding her analysis in both the study of surviving household artifacts and extensive archival research, Dr. French examines the accommodations that Londoners made to their bigger houses and the increasing number of possessions these contained. The changes in material circumstance reshaped domestic hierarchies and produced new routines and expectations. Recognizing that the greater number of possessions required a different kind of management and care, Dr. French puts housework and gender at the center of her study. Historically, the task of managing bodies and things and the dirt and chaos they create has been unproblematically defined as women's work. Housework, however, is neither timeless nor ahistorical, and Dr. French traces a major shift in women's household responsibilities to the arrival and gendering of new possessions and the creation of new household spaces in the decades after the plague. This interview was conducted by Dr. Miranda Melcher whose book focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. You can find Miranda's interviews on New Books with Miranda Melcher, wherever you get your podcasts. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/british-studies

Can herbs really make you healthy? My answer is yes… and no.In this video, I explore why herbs alone are not enough to create true health and why I believe our herbal community needs a stronger emphasis on exercise, exertion, and physical discipline. I say this not with judgment or anger, but out of deep concern for how we as herbalists model wellness.Together, we'll look at the role of herbs like adaptogens, nervines, and anti-inflammatories, and how they support the body — but also why herbs can't replace movement, moderation, and nutrition. Historically, health care always included exercise and bodily care as foundational practices, and I believe we need to bring that wisdom forward.

One of the first recorded examples of a marriage ceremony is dated more than four thousand years ago in Mesopotamia. And it seems that through the ages, weddings have never lost their appeal. The global wedding industry is today worth billions of dollars, and it's one that keeps on growing.While aspects of weddings differ across many cultures, they celebrate the coming together of two people in a form of contract which establishes rights within the couple. Historically, marriages were often economic, legal and social tools; the love aspect that some marriage ceremonies came to represent was developed much later.Iszi Lawrence investigates how weddings have changed over time with a panel of expert guests, including Dr Vicki Howard, Visiting Fellow in the Department of History at the University of Essex (UK) and the author of Brides, Inc.: American Weddings and the Business of Tradition; wedding planner Marie Haverly, Deputy Head of the Business School and senior lecturer in event management at the University of Winchester in the UK; and wedding photographer Shanaya Arora, one half of Nitin Arora Photography which she founded with her husband. Shanaya is also the host of WED FM India, a podcast all about weddings.Produced by Fiona Clampin for BBC World Service.(Photo: Comet and Phakalane Mmisi, dance just after they were married, Johannesburg, South Africa, 11 July 2008. Credit: Per-Anders Pettersson / Getty Images)

What priorities should shape U.S. innovation policy at the national level? Historically, the federal government has adopted a "light touch" approach, with legislation often focused on reducing barriers so that smaller entrepreneurs can prioritize innovation over regulatory compliance. Big tech companies often hold a competitive advantage including resources, capital, and political influence that small-scale entrepreneurs lack. How can policymakers design legislation that ensures fair competition between Big Tech and little tech? Do acquisitions of little tech companies by Big tech promote innovation or constrain the development of emerging ideas? How can policymakers foster innovation for smaller scale initiatives through legislation, competition regulation, and support for emerging firms? Join the Federalist Society’s Regulatory Transparency Project and host Prof. Kevin Frazier for an in-depth discussion of the “Little Tech Agenda” with special guest Jennifer Huddleston, Senior Fellow in Technology Policy at the Cato Institute.

Apple Vision Pro rumored to leverage cutting-edge 2nm process with new R2 chiphttps://appleinsider.com/articles/25/09/18/apple-vision-pro-rumored-to-leverage-cutting-edge-2nm-process-with-new-r2-chipApple is reportedly preparing a new R2 co-processor for a future Vision Pro model, built on TSMC's 2nm process. This would be a first for Apple's headset line, positioning Vision Pro as a showcase for Apple's most advanced silicon. The R2 chip is expected to deliver significant improvements in latency, thermal efficiency, and overall performance.Why it mattersPerformance leap: The R2's move to 2nm could allow smoother passthrough, faster sensor fusion, and better hand/eye tracking stability.Battery & heat: Improved performance-per-watt means cooler operation and extended battery life—key factors for headset comfort.Ecosystem signal: Apple investing its most advanced chip process in Vision Pro underscores long-term commitment to spatial computing.Key detailsCurrent baseline: Vision Pro pairs an M2 for apps with an R1 for real-time sensor data. The R1 delivers ~12ms photon-to-photon latency.Next-gen rumor: R2 would supersede R1, likely debuting around 2026, with a 2nm fabrication node.What's new for users & developersFor users: Potentially longer wear sessions with less heat and jitter, moving Vision Pro beyond demo use into all-day practicality.For developers: More compute headroom for richer apps, higher fidelity passthrough, and expanded spatial workflows.For the ecosystem: If Vision Pro becomes the platform where Apple debuts its most advanced silicon, refresh cycles may accelerate.Industry contextApple's silicon play: Historically, Apple has reserved new process nodes for iPhone or Mac chips. Shifting that to Vision Pro signals strategic priority.Timeline watch: Analysts expect R2 to arrive in 2026 hardware, though specifics on product naming (Vision Pro 2 vs. refresh) remain unclear.The R2 chip could unlock comfort and practicality for extended wear, making Vision Pro more than a short-session device.ThePodTalkNetwork@gmail.comThePodTalk.NetYouTube.com/@VisionProFiles

Kevin Freeman, Chief Commercial Officer at Health Catalyst, highlights the challenges mid-market healthcare systems are currently facing, including the predicted impact of Medicaid cuts and the increase in uninsured patients. There is a need to break down data silos and use AI and data analytics to improve the quality of care, reduce costs, and address clinician burnout. The Health Catalyst platform is designed to integrate existing technology, improve efficiency, and provide expertise and support to drive better patient outcomes and manage financially sound organizations.   Kevin explains, "Health Catalyst works with healthcare providers, really of all sizes. Historically, more academics and IDNs, but more recently, over the last six to seven months, have really focused on the mid-market health systems. Mid-market health systems still struggle with some of the same issues that large health systems do, but they lack the technology, expertise, and some of the clinical experience that drive outcomes. So, we're really excited to move into the mid-market, improve quality and patient care, and reduce costs at the same time."    "Our goal is not to rip and replace, but to meet them where they're at. Those investments that they've made, we can take those investments, integrate them into our platform, and drive those outcomes—that outcome improvement strategy across the entire system. I think that one of the biggest things we're seeing is that the technology is just not enough. Dashboards aren't enough. It really takes driving those outcomes and having that clinical expertise. But we don't just bring the technology. We bring the people with the technology to actually partner with them hand-in-hand to actually drive that outcome improvement." #HealthCatalyst #MidMarketHospitals #Hospitals #Healthcare #MedicaidCuts  #HealthcareProviders healthcatalyst.com Listen to the podcast here

Kevin Freeman, Chief Commercial Officer at Health Catalyst, highlights the challenges mid-market healthcare systems are currently facing, including the predicted impact of Medicaid cuts and the increase in uninsured patients. There is a need to break down data silos and use AI and data analytics to improve the quality of care, reduce costs, and address clinician burnout. The Health Catalyst platform is designed to integrate existing technology, improve efficiency, and provide expertise and support to drive better patient outcomes and manage financially sound organizations.   Kevin explains, "Health Catalyst works with healthcare providers, really of all sizes. Historically, more academics and IDNs, but more recently, over the last six to seven months, have really focused on the mid-market health systems. Mid-market health systems still struggle with some of the same issues that large health systems do, but they lack the technology, expertise, and some of the clinical experience that drive outcomes. So, we're really excited to move into the mid-market, improve quality and patient care, and reduce costs at the same time."    "Our goal is not to rip and replace, but to meet them where they're at. Those investments that they've made, we can take those investments, integrate them into our platform, and drive those outcomes—that outcome improvement strategy across the entire system. I think that one of the biggest things we're seeing is that the technology is just not enough. Dashboards aren't enough. It really takes driving those outcomes and having that clinical expertise. But we don't just bring the technology. We bring the people with the technology to actually partner with them hand-in-hand to actually drive that outcome improvement." #HealthCatalyst #MidMarketHospitals #Hospitals #Healthcare #MedicaidCuts  #HealthcareProviders healthcatalyst.com Download the transcript here

How Evangelical Communities in Indiana Are Leading Christian Climate Action In Indiana, evangelical churches are finding new ways to live out their faith through environmental action. With support from the Evangelical Environmental Network (EEN), congregations are installing solar panels, planting native gardens, creating nature play areas for preschoolers, and even adding electric vehicle charging stations. This initiative, often referred to by Christians as “creation care,” positions environmental stewardship and climate action as a biblical responsibility.What is the Evangelical Environmental Network?EEN is a biblically-based ministry and the environmental arm of the National Association of Evangelicals, dedicated to mobilizing Christians around climate action. By collaborating with churches, universities, and seminaries, the organization offers education on how creation care is a collective mission among evangelicals. In Central Indiana, this has meant congregations and Christian universities working together on eco-friendly infrastructure and community events such as Indy Creation Fest, an Earth Day-like celebration that joyfully highlights humanity's duty to conserve and steward the beauty God bestowed on us.Creation Care as Protecting the PoorA central theme of EEN's work is showing Christians that defending the poor and vulnerable also means addressing pollution — including from plastic, methane, and mercury — and climate change. Low-income communities often face the harshest impacts of extreme climate disasters, poor air quality, and contaminated water. By making this connection clear, EEN reframes environmentalism as an act of justice and compassion for humanity, aligning climate action with evangelical priorities. Their programs highlight not only environmental threats but also human health risks, from asthma linked to air pollution to the dangers of unsafe drinking water.The Building of a MovementCreation care is still a growing movement and remains a minority position within American evangelicalism. Some believers continue to prioritize human welfare over environmental stewardship without recognizing that the two are inseparable. Historically, evangelicals have been among the groups least likely to regard climate change as urgent and express wariness about climate science. While the visible progress in Indiana is promising, it remains only a small step in the broader effort to normalize creation care across the evangelical community. Nonetheless, by centering their approach on shared religious values, EEN helps evangelical Christians see climate action not as a burden, but as a natural extension of their mission to honor God and all of creation.About Our GuestRev. Dr. Jeremy Summers, the Director of Church and Community Engagement at EEN, emphasizes that caring for the environment and caring for people are one in the same. He works with churches, universities, and local communities to connect biblical principles with climate action, advancing the creation care movement within evangelical circles. Within these spaces, he urges Christians to understand that protecting ecosystems is necessary to protect the people who live in them, especially those from marginalized groups who suffer most from pollution, climate change, and environmental injustice. ResourcesEEN, The Evangelical Environmental NetworkNAE, National Association of EvangelicalsFurther ReadingThe New York Times, In Indiana, Putting Up Solar Panels Is Doing God's WorkAmerican Academy of Arts and Sciences, Evangelical Environmental Network: Mobilizing Religious Groups for Climate ActionThe Chronicle of Philanthropy, The ‘Eco-Right' Is Growing. Will Bipartisanship Follow?University of Arizona News, Researchers explore how to protect the environment while helping those living in povertyFor a transcript, please visit https://climatebreak.org/evangelical-christians-taking-environmental-action-with-rev-dr-jeremy-summers/.

September 3rd, 1995 was the start of the 76th season of the National Football league. The San Francisco 49ers were the defending Super Bowl champions and every team was looking at the new season with new hope, possibilities and opportunities. For two of the now 30 teams in the National Football League however, the hope, possibilities and opportunities were new. On this early fall afternoon, in 1995 were the first games of the Carolina Panthers and the Jacksonville jaguars as newly minted members of the NFL. Though they both lost their opening games of the regular season, no one had any idea just 16 months later, some 497 days later, both would be playing for a right to play in Super Bowl XXXI. In this all new edition of the podcast, Co Hosts Dana Auguster and Charles will take a look at the first two seasons of the Carolina Panthers and Jacksonville Jaguars. Two franchises that shocked fans and football experts alike, crawling from expansion obscurity to the darlings of the NFL in just two seasons. Later in the show, we will send a shout out out one of the members of the Carolina Panthers team who embodied the leadership and toughness of that team that was one step away from the Super Bowl. An undersized linebacker who came up with the teams motto that it still follows today and thus far, the only player to have his number retired by the team.To contact the show with questions, comments or show ideas, please e-mail us at Historically.Speaking.Sports@gmail.com. Mentioned in this episode:Sports History Network Theme SongThis theme song was produced by Ron "Tyke" Oliver of Music Meets Sportz https://sites.google.com/view/sportsfanztastic/sports-history-network?authuser=0

Historically, women carred an awful lot of water. It was so commonplace that it rarely gets mentioned in the historical record, so the details are scarce. But the search for water sparked invention 10500 years ago when the oldest wells were dug and has continued to inspire countless inventions ever since. Visit the ⁠⁠website⁠⁠ (herhalfofhistory.com) for sources, transcripts, and pictures. This show survives on the support of listeners like you. Support the show on my ⁠⁠⁠Patreon page⁠⁠⁠ (⁠⁠⁠https://www.patreon.com/user?u=83998235⁠⁠⁠) for ad-free episodes, bonus episodes, and polls. Or make a one-time donation on ⁠⁠⁠Buy Me a Coffee⁠⁠⁠. Your support helps me keep bring the stories of past women into the present. Join ⁠⁠Into History⁠⁠ for a community of ad-free history podcasts, plus bonus content. Visit ⁠⁠Evergreen Podcasts⁠⁠ to listen to more great shows. Follow me on ⁠⁠Threads⁠⁠ as Her Half of History. Learn more about your ad choices. Visit megaphone.fm/adchoices

Amir and Rick are back with a brand-new episode of Explore the Bible! In Part II of their two-part series on Interpreting the Bible Historically, they'll unpack how understanding the cultural and historical context of Scripture can transform your Bible study. Don't miss this powerful teaching—tune in and take your study of God's Word to the next level!Connect with us on social:Telegram: @beholdisraelchannelInstagramFacebookXYouTube

Team insiders Ryan Mink and Garrett Downing share their takeaways from the film of the Ravens' 41-40 loss to the Bills, including what went wrong in the fourth quarter defensively, situational errors, standout games from the team's offensive stars, and much more.See omnystudio.com/listener for privacy information.

Florida's stunning collapse against USF will go down as one of the worst losses in program history. We break down how it happened, from coaching mistakes to X's and O's blunders, and debate Billy Napier's job security moving forward. Plus: our play of the game, player of the game, overall grades, and whether it's time to think about a QB change.Whether you bleed orange and blue or just love college sports, the In All Kinds Of Weather Forecast is your ticket to the pulse of Gator football. Tune in for expert insights, candid discussions, and the passion that fuels Gator fandom. Hit subscribe, hit play, and let's navigate the Gators' journey together!

Institutional CRE investing: A market run by allocation math – and uncertainty My podcast/YouTube guest today is Greg MacKinnon, Director of Research at the Pension Real Estate Association (PREA). PREA represents the institutional real estate community - think pension funds, sovereign wealth funds, endowments, and other fiduciaries managing hundreds of billions on behalf of millions of beneficiaries. These are the investors who typically allocate to real estate as part of their overall investment portfolios and who set the tone for how capital flows through the entire real estate market.   Greg explains how while institutional real estate remains a roughly 10% sleeve in diversified institutional portfolios, the number matters less than the mechanics behind it. When equities rally and private values fall, the real estate slice shrinks—creating a theoretical bid to “rebalance” back to target. In practice, that bid has been clogged by a fund-recycling problem: closed-end vehicles haven't been returning capital as quickly because exits have slowed, which leaves investors waiting for distributions before recommitting. Until that dam breaks more broadly, new capital formation into private real estate remains inconsistent across strategies and managers.   Office: price discovery by compulsion Institutional portfolios built in a world where office was a core holding are still working through the repricing. Unlevered office values are down on the order of ~40% from pre-COVID peaks nationally; with leverage, many positions are effectively wiped out, explaining why owners resist selling and why trades are scarce. That stasis is ending as lenders tire of “extend and pretend,” loan maturities arrive, and forced decisions accelerate. The practical question for CIOs isn't simply “hold or sell” but how fast to harvest, return, and re-underwrite risk elsewhere. Expect more office volume but much of it distress-driven rather than conviction buying.   The rate cut mirage: CRE runs on growth and the 10-year Market chatter obsesses over the next Fed move. Institutional capital takes a broader view. The cost of capital that matters for underwriting – term debt, cap-rate anchoring, discount rates – is tethered more to the 10-year Treasury than the overnight Fed funds rate. A policy cut can coexist with a higher 10-year if inflation risk re-prices, blunting any “cuts are bullish” narrative. More importantly: CRE performance tracks the real economy's breadth and durability. Historically, rising interest rates often coincide with strong growth and healthy real estate. Falling rates tend to arrive with deceleration, which is why “cuts” are not automatically good news for NOI or values. Underwrite your forward cash flows, not the headline.   Policy risk is now an underwriting line item Global capital has long treated the U.S. as the default safe harbor. That advantage compresses when macro policy feels unpredictable – tariffs one week, reversals the next, and public debate over central-bank independence. Some non-U.S. allocators have simply chosen not to live with the noise premium, shifting incremental dollars to Europe. Domestic institutions aren't exiting the U.S., but the signal is clear: political-economy volatility now shows up as a higher hurdle rate, more conditional investment committee approvals, and a stronger preference for managers who can navigate policy in both research and structuring.   Where the money is actually going Facing actuarial return targets and a cloudy macro, institutions are tilting toward “where alpha lives now”: Digital and specialized industrial: data centers; cold storage; and industrial outdoor storage (IOS) – think secured yards for heavy equipment – where supply is constrained and tenant demand is need-based. Housing adjacencies: single-family rental, manufactured housing, student housing, and seniors housing, plus targeted affordable strategies that can layer policy incentives with operating expertise. Selective core logistics and resilient multifamily: still investable but crowded; institutions need an edge in submarket selection, cost basis, or operations to meet return hurdles. Themes in common: operational complexity that deters industry tourists, local expertise that differentiates underwriting, and cash flows less correlated to the office cycle.   The portfolio is changing: from “real estate” to “real assets” Many large investors are reorganizing how they bucket risk. Instead of a hard 10% “real estate” sleeve, they're adopting either a broader real assets mandate (real estate + infrastructure + sometimes commodities) or a private markets sleeve (real estate + private credit + private equity). The goal is flexibility: tilt to where relative value is best without tripping governance wires each time. This structural shift makes it easier for a head of Real Assets to move dollars from, say, mid-risk equity in apartments to long-duration infrastructure when spreads and growth argue for it, and to rotate back when underwriting improves. It's a quiet change with large implications for which managers get funded and when.   “Institutional quality” is a culture, not a class of building Too many sponsors use “institutional quality” as shorthand for a gleaming asset. Institutions define quality as process: governance, repeatability, controls, reporting cadence, and audit-ready data, plus the discipline to say “no” when the numbers don't clear the bar. That's why a best-in-class niche specialist (e.g., Southwest self-storage or cold-chain) can attract blue-chip LPs without owning a single skyline trophy. Conversely, a sponsor with a glossy deck but ad-hoc reporting will struggle to cross the institutional threshold even in “prime” locations.   What to do now (operators and allocators) Own the 10-year, not the headline. Build your assumptions around the 10-year Treasury and the yield curve, not the Fed's short-term rate projections. Stress cash flows under slower growth. Lean into complex operations. Data centers, IOS, cold storage, seniors housing, where capability barriers protect yield. Be distribution-aware. If you're raising from institutions, understand their recycling constraints; design pacing and structures that fit their liquidity reality. Institutionalize the back office. Reporting, controls, and data pipelines are capital-raising assets. Treat them as such. Bottom line: allocations still want to be filled, but the bar is higher and the path is narrower. Those who combine operating edge with institutional process will take disproportionate share when the dam finally breaks.   n.b. Greg and I take a detailed look at what ‘institutional' real estate really means; how it's defined, structured, and operates. It's worth tuning in so you can separate fact from fiction the next time you see the term in a pitch deck.   *** In this series, I cut through the noise to examine how shifting macroeconomic forces and rising geopolitical risk are reshaping real estate investing.   With insights from economists, academics, and seasoned professionals, this show helps investors respond to market uncertainty with clarity, discipline, and a focus on downside protection.    Subscribe to my free newsletter for timely updates, insights, and tools to help you navigate today's volatile real estate landscape. You'll get: Straight talk on what happens when confidence meets correction - no hype, no spin, no fluff. Real implications of macro trends for investors and sponsors with actionable guidance. Insights from real estate professionals who've been through it all before. Visit GowerCrowd.com/subscribe Email: adam@gowercrowd.com Call: 213-761-1000

Newt talks with Michael Knowles about his new four-part docuseries, “The Pope and the Führer: The Secret Vatican Files of World War II,” which explores the controversial legacy of Pope Pius XII during Hitler's reign. Utilizing declassified Vatican archives made public in 2020, the series offers unprecedented insights into the Pope's actions and correspondence during World War II. Historically accused of silence or complicity with the Nazis, the series aims to correct the narrative by presenting evidence of Pius XII's opposition to Hitler and his efforts to protect Jews. The docuseries, available on DailyWire+, features contributions from leading historians and Vatican scholars, highlighting the complex political and spiritual challenges faced by the Pope. Their discussion also touches on the broader implications for the Catholic Church's role in history and its ongoing influence in contemporary society.See omnystudio.com/listener for privacy information.

On today's Saturday Matinee, we hit the basketball court to speculate about one of the NBA's brightest and most influential eras.Link to Historically Speaking Sports: https://sportshistorynetwork.com/podcasts/historically-speaking-sports/ Support the show! Join Into History for ad-free listening and more.History Daily is a co-production of Airship and Noiser.Go to HistoryDaily.com for more history, daily.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

1.  #LONDINIUM90AD LIVE AT 6 PM ET SUNDAY: 8/31:  GAIUS & GERMANICUS DEBATE:  The Tiberius Model: Aged Leadership and Succession in the American Empire.  Gaius and Germanicus, speaking as 1st-century Romans from Londinium, discuss the "Tiberius model" to analyze challenges in 21st-century American leadership, particularly concerning the age of leaders and succession. They note that empires, much like history, often repeat themes or "rhyme". Tiberius, despite being Augustus's successful stepson and a capable general, showed little interest in being emperor after 14 AD, eventually assigning duties to Sejanus (head of the Praetorian Guard) and retiring to an island. His later years were chaotic, and his reign was followed by disruption. Germanicus describes Tiberius as "careless and irresponsible" and narcissistic, which "played havoc with the stability of Rome". The speakers draw direct parallels to recent and current American presidents, including Joe Biden and Mr. Trump, highlighting the inherent risks of age in leadership. Historically, Romans preferred a a "young and vigorous" emperor, with older rulers like Andronicus II often leading to disaster, though Nerva served as a transitional exception. In America, they recall FDR's fourth election in 1944 as retrospectively "not responsible" due to an unfixed succession plan, leading to "great turmoil" in 1945. In contrast, successful succession planning is exemplified by Eisenhower choosing a young Richard Nixon (39 years old at the time) as his running mate, providing a vital "plan B". Gaius notes that Joe Biden's presidency represented a "Tiberius moment" not only because of his age but also due to the "aged" leadership within the Democratic Party, making Kamala Harris "as infirm a choice as was Caligula" for succession. Mr. Trump is commended for being candid about his legacy and preparing for succession, which Gaius considers "sensible and grown up". The conversation emphasizes that the U.S. has effectively become an "emperor system," where the "health of the emperor is also so directly connected to the health of the nation". This makes the age issue one of "transcendent importance," teasing out the transition to this emperor system for all to see. They also acknowledge that younger generations (Gen X, millennials, Gen Z, and the alpha generation) need to understand these critical discussions about leadership and aging.  1872 EXCAVATING ROMAN FORUM. #LONDINIUM90AD LIVE AT 6 PM ET EVERY SUNDAY: GAIUS & GERMANICUS DEBATE. FRIENDS OF HISTORY DEBATING SOCIETY. @MICHALIS_VLAHOS. PRODUCED BY CHRIS NOEL.