Podcasts about Hong Kong

Our Chief Asia Economist Chetan Ahya discusses how youth unemployment will impact future growth and stability across China, India, and Indonesia.Read more insights from Morgan Stanley.----- Transcript ----- Welcome to Thoughts on the Market. I'm Chetan Ahya, Morgan Stanley's Chief Asia Economist. Today – Asia's young workforce is facing a significant challenge. How a soft labor market will shape everything from consumer demand to social stability and long-term growth. It's Tuesday, October 14th, at 2pm in Hong Kong. Across Asia, a concerning trend is emerging. The region's younger generations face mounting challenges in the job market. Asia's youth unemployment averages 16 percent, which is much higher than the U.S. rate of 10.5 percent. Youth unemployment rates are running two to three times higher than headline unemployment rates. The underlying situation is even weaker than what is represented by [the] unemployment rate. And within Asia, the challenge is most acute in China, India, and Indonesia, the three most populous economies. Youth unemployment rates for these three economies are running close to double, as compared to other economies in Asia. Now let's take a closer look at China. The urban youth unemployment rate, i.e. for 16–24-year-olds, has steadily increased since 2019. What's driving this rise in unemployment? A mismatch in labor demand and supply. The number of university graduates surged 40 percent over the last five years to close to 12 million. But economy-wide employment has declined by 20 million over the same period. Entry-level wages are sluggish, and automation plus subdued services growth mean fewer opportunities for newer entrants. Turning to India, their unemployment rate is the highest in the region at 17.6 percent. Employment creation has been subdued. And on top of it, India also faces another issue: underemployment. Post-COVID, primary sector – i.e. farming and mining – employment rose by 50 million, reaching a 17-year high. Note that these jobs are relatively low productivity jobs. And this is explained by the fact that [the] primary sector now accounts for less than 20 percent of GDP but it employs about 40 percent of the workforce. That's a sign of COVID-induced underemployment. How fast must growth be to tackle the unemployment challenge? In our base case, India's GDP will grow at an average of 6.5 percent over the coming decade – and this will mean that India will be one of the fastest-growing economies globally. But this pace of growth will not be sufficient to generate enough jobs. To keep [the] unemployment rate stable, India needs an average GDP growth of close to 7.5 percent; and to address underemployment, the required run rate in GDP growth must be even higher at 12 percent. Shifting to Indonesia, its youth unemployment rate is the second highest in the region. Moreover, close to 60 percent of jobs are in the informal sector. And many of these jobs pay below minimum wage. Similar to India, both these trends signal underemployment. The key reason behind this challenge is weak investment growth. Indonesia's investment-to-GDP ratio has dropped meaningfully over the last five years. So, what's the way forward? For China, shifting towards consumption and services could reduce labor market mismatches. And for India and Indonesia, boosting investment is key. India in particular needs much stronger growth in its industrial and exports sectors. If reforms fall short, policy makers may need to fall back on increasing social welfare spending to manage social stability risks. Thanks for listening. If you enjoy the show, please leave us a review wherever you listen and share Thoughts on the Market with a friend or colleague today.

Lesley Logan welcomes mindset coach Brad Bizjack for a conversation that digs deep into why so many high-achievers get stuck in surface-level strategies. Brad shares his journey from being buried in six-figure debt to building a multi-million-dollar business, and reveals the missing ingredient most people ignore when trying to change: identity. If you've been hustling without the results to show for it, this episode will challenge the way you think about success and who you believe yourself to be.If you have any questions about this episode or want to get some of the resources we mentioned, head over to LesleyLogan.co/podcast https://lesleylogan.co/podcast/. If you have any comments or questions about the Be It pod shoot us a message at beit@lesleylogan.co mailto:beit@lesleylogan.co. And as always, if you're enjoying the show please share it with someone who you think would enjoy it as well. It is your continued support that will help us continue to help others. Thank you so much! Never miss another show by subscribing at LesleyLogan.co/subscribe https://lesleylogan.co/podcast/#follow-subscribe-free.In this episode you will learn about:Why over-studying and perfectionism often mask procrastination.How overvaluing certainty leads to playing small and staying stuck.The “line of lasting change” and why identity shapes your results.How doubt, pain, and vision are the three ways to shift limiting beliefs.Why your peer group and environment influence your habits and outcomes.Episode References/Links:Brad Bizjack's Website - https://www.bradbizjack.comBrad Bizjack's Facebook - https://www.facebook.com/BradBizjackCoachingBrad Bizjack's Instagram - https://www.instagram.com/bradbizjackBrad Bizjack's Program: The Success Accelerator - https://beitpod.com/successTiny Habits by BJ Fogg - https://a.co/d/hkmaWEOTim Robbins Events - https://www.tonyrobbins.comGuest Bio:Brad Bizjack is a personal development expert and a master mindset strategist. As a multi-7-figure CEO of a transformative coaching business, Brad boasts over a decade of experience in igniting human potential. His mission is clear and compelling: to awaken individuals to their boundless possibilities and empower them to create the extraordinary success and freedom they truly deserve. Having touched the lives of over 60,000 individuals across more than 40 countries, Brad is renowned for his ability to shatter mediocrity and inspire profound, lasting change. He excels in uncovering and dismantling the limiting beliefs and toxic thought patterns that lurk in the shadows of the mind, unlocking the doors to unprecedented achievement and fulfillment. Beyond his professional accolades, Brad is a devoted husband to his college sweetheart, Janiece, and a father to their 4 year old daughter Lily and dog Oliver. Together, they cherish their moments of joy and adventure, often found enjoying days on the lake, creating precious memories as a family. If you enjoyed this episode, make sure and give us a five star rating and leave us a review on iTunes, Podcast Addict, Podchaser or Castbox. https://lovethepodcast.com/BITYSIDEALS! DEALS! DEALS! DEALS! https://onlinepilatesclasses.com/memberships/perks/#equipmentCheck out all our Preferred Vendors & Special Deals from Clair Sparrow, Sensate, Lyfefuel BeeKeeper's Naturals, Sauna Space, HigherDose, AG1 and ToeSox https://onlinepilatesclasses.com/memberships/perks/#equipmentBe in the know with all the workshops at OPC https://workshops.onlinepilatesclasses.com/lp-workshop-waitlistBe It Till You See It Podcast Survey https://pod.lesleylogan.co/be-it-podcasts-surveyBe a part of Lesley's Pilates Mentorship https://lesleylogan.co/elevate/FREE Ditching Busy Webinar https://ditchingbusy.com/Resources:Watch the Be It Till You See It podcast on YouTube! https://www.youtube.com/channel/UCq08HES7xLMvVa3Fy5DR8-gLesley Logan website https://lesleylogan.co/Be It Till You See It Podcast https://lesleylogan.co/podcast/Online Pilates Classes by Lesley Logan https://onlinepilatesclasses.com/Online Pilates Classes by Lesley Logan on YouTube https://www.youtube.com/channel/UCjogqXLnfyhS5VlU4rdzlnQProfitable Pilates https://profitablepilates.com/about/Follow Us on Social Media:Instagram https://www.instagram.com/lesley.logan/The Be It Till You See It Podcast YouTube channel https://www.youtube.com/channel/UCq08HES7xLMvVa3Fy5DR8-gFacebook https://www.facebook.com/llogan.pilatesLinkedIn https://www.linkedin.com/in/lesley-logan/The OPC YouTube Channel https://www.youtube.com/@OnlinePilatesClasses Episode Transcript:Brad Bizjack 0:00  So I maxed out a credit card, went $98,000 in debt, hired a coach. Very first call with that coach changed my life fundamentally forever. I was telling her, I'm doing all the podcasts, listening to the books, reading the books, I'm doing all the things. Why isn't it happening for me? I want this to work so bad. And she said, very calmly, Brad, you are so attached to success that you're missing the whole point. You're under the impression that you shouldn't be where you are right now. Business, success and money, it's never going to make you happy. It's rewiring your mind for happiness that'll make you successful. Lesley Logan 0:39  Welcome to the Be It Till You See It podcast where we talk about taking messy action, knowing that perfect is boring. I'm Lesley Logan, Pilates instructor and fitness business coach. I've trained thousands of people around the world and the number one thing I see stopping people from achieving anything is self-doubt. My friends, action brings clarity and it's the antidote to fear. Each week, my guest will bring bold, executable, intrinsic and targeted steps that you can use to put yourself first and Be It Till You See It. It's a practice, not a perfect. Let's get started. Lesley Logan 1:17  All right, babes, I'm keeping this quick because our guest day is gonna blow your mind. Get your notebooks out, get your pens out. Get ready to hit rewind. If you're driving in your car, make sure Siri listens to you so you can rewind whenever you need to because this episode is an episode I've wanted to have for over a year. For over a year I've wanted to have this episode. So, Brad Bizjack is our guest today, and we're gonna talk about perfectionism, certainty, achieve, being an achiever. And literally, how do you actually change your life? How do you actually be it till you see it? So stay tuned all the way to the end. You don't wanna miss it. Here's Brad Bizjack. Lesley Logan 1:52  All right, Be It babe. Get ready. Just get ready. I already know it's gonna be amazing. I'm so excited. I wanted this person on the pod, since I heard him on my old coach's pod. Here's the deal. I remember seeing this guy's name on my feed in several podcasts, okay? And I was like, okay, someone's doing a launch, that's fine. And then I saw him on my old coach's pod, and I was like, you know, I haven't listened to her pod for a while. I'm gonna listen to this guy so I'm walking through the streets of Cambodia right before we're out to have a retreat. And I listened to this thing, and I was like, oh my god I didn't realize I'm stuck. I'm, this is the feeling I'm having. I'm feeling stuck. So I'm gonna sign up for this. So I told Brad, my husband, Brad, I said, babe, I signed us up for a launch. I think I want to be launched at it's been a while, so let's do it. Let's just like, let's just go through someone's thing. Let's just get taught. Let's get our cup filled, and then we'll just see what kind of emails come through. Because of the timing, my husband actually was on Hong Kong time, meaning when we got back from Cambodia, he was up every day at 5am and your calls were at like, 6am our time, something early. Brad would never, ever he would have to watch replays. We dog walked every morning listening to you. And of course, the day that you're like, okay, I'm running this program. We're like, okay, we're the first to sign up. Like, we're already in, and we stuck with it for, like, whatever, six months, a year. It was amazing. So Brad Bizjack is our guest today, and the and the reason I wanted to have him on is because of what you're gonna hear right now. Brad, what do you rock at? Who are you? Tell us everything about you.Brad Bizjack 3:18  First of all, that was, like, the best way of getting into our each other's worlds I've ever heard like, what a crazy story. So grateful for the opportunity to be here. I help people rewire the limiting beliefs, toxic thought patterns, limiting emotional patterns that are getting in the way of the success, freedom and fulfillment they really deserve that they don't really go know are going on behind the scenes. So we help people identify that and shift that. Lesley Logan 3:41  I mean, I think that's there's so many people who need that. Like, that's.Brad Bizjack 3:45  Like everybody. Lesley Logan 3:45  Like everybody, most people don't know they need it. And the ones that do kind of get overwhelmed with, like, all of the things, like, they get involved in that perfectionism. Like, I gotta check this box. I gotta do this thing, and if I just read this one more book, then, then I will be fixed, right? Brad Bizjack 4:01  100% I think people will use over-studying as like procrastination in disguise and not even realize they're doing it just because they're overvaluing certainty. And we can go more into that if you want, but yeah, that's a very, very common thing we see. Lesley Logan 4:15  You are correct. I actually looked up like signs of imposter syndrome, right? And or the like, types of imposter syndrome, because, like, there's imposter syndrome, which is, like, you're new at something, so you are going to feel that way because you're new at something, and that's great. But also, then there's like, the imposter syndrome when you're, like, actually qualified to do things, but you're you're feeling like an imposter. And so I was teaching on this, and so I did some research, and one of the signs that you are causing that is that perfectionism. If I just get one more certificate, if I learn one more thing, if I study this, and I'm a Pilates instructor who teaches Pilates instructors, and they'll go, I can't take your business class, because, actually, I needed to study this Wunda Chair. And I'm like, no one even knows what a Wunda Chair is, like until they know what Pilates is, like, no one cares. You need to know how to run a business that doesn't burn you out. Like, but you but people will overwhelm themselves. So can we talk about that perfectionism, certainty, like, what it what is, what are the signs that people are doing these things? Because I think sometimes they don't even see it in themselves. Brad Bizjack 5:13  Yeah, I think, you know, when we talk about rewiring limiting beliefs and toxic thoughts, like you said, I don't think people know they're doing it. But if anyone's ever been in a situation where they know they want their life to change and they just can't get themselves to take action, or there's a limiting behavior they participate in and they don't know why they do it, even though it's not serving them, or they know exactly what to do and they're procrastinating consistently. Or they're in a spot where they just can't get themselves to move and they see their laptop staring at them, begging them to change their life, and even though they care so much, they just don't care in the moment. And there's this piece of you that says, I know I'm meant for so much more than what I'm getting right now, but for some reason, I can't get myself to move or take action. Any of those are some of the most common symptoms that I see. But there's also one on the flip side, and that's calling out all the achievers in the room, the people that have taken the action or forced themselves through willpower to get moving. Those people end up basing their worth on more, more success, more money. And so it feels like their worth is a moving target. So they'll bounce from goal to goal, peak to peak, to do list, to to do list. Nothing feels like enough, and everything they do just feels like they're battling burnout. So if you're in a spot where you either are constantly seeking the how, which is basically exactly what we were just talking about, glorified procrastination, and let me actually backtrack on this a little bit, because I think it's really important, we need to know the how, just not right away, right? You can't head east looking for the sunset, right? It doesn't work that way. And so when you know what you want and why you want it, the how reveals itself, but when you get so caught up in seeking the how, because of living in this fear of not being certain, then you end up just tiptoeing around the edges of your dream, playing not to lose instead of playing to win. So any action you do take is you mistaking movement for achievement, and you'll take little, itty bitty actions instead of the ones that will actually yield results. And so you feel like you're spending all day on this dream, but you're not getting anywhere. And the main reason is because you are overvaluing certainty at a very high level, which is really what perfectionism is. It just means that you are afraid of what happens if you're not totally certain, and that somehow it's going to mean that you're unworthy. If you think about the human brain, its job is not to make you happy, its job is to make sure you survive. And you see people all the time saying, well, I self-sabotage. I get in my own way. Well, it's physically impossible to self-sabotage. Think about it. Your brain is a survivalist. Its job is to keep you alive. So why would it ever cause you harm? What's actually happening is you're just meeting a need, and the survival-based need that's embedded into all of our DNA is the need for certainty. And when you overvalue certainty. What actually happens is like, think about it, millions of years ago, you weren't worried about building your Pilates business or whatever it is. You were worried about the saber tooth tiger that was hiding in the bushes that was going to eat your baby, right? You you didn't have the these you weren't worried about success and fulfillment. You were worried about staying alive. Well, we don't have the same threats, but we do have the same mind. And so we link up putting ourselves out there on social or starting a podcast or sending an email or prospecting whatever, or starting a new fitness regimen. We we link it up as a survival-based threat when it's not, it's just misplaced. And so that's what a lot of people do. And I see people over-study all day long, and they use personal development as a way to escape developing personally, and it just gets in their own way.Lesley Logan 8:51  Oh my God. Everyone hit rewind. That was the most amazing, that is the most amazing thing I've heard. And I also think, like, what a great clip. And like, we can it's a great question to ask yourself, like, am I, am I doing this to escape, you know, am I? Am I? Am I working on this thing one more time? Tweak to to busy ourselves from what it actually is, which is the change we have to make. And change is really difficult. It, I don't, I don't, I actually want to say, I don't know that change is actually that difficult. Because, from what I understand about studying habits and mindset, right? So during the pandemic, I was like, I need to figure out why like, some people make a habit and some people don't like what's going on here. And also, I had a great yoga teacher who was like, that, we always wanna make things that are right or wrong, bad or good. And he's like, actually, that's not how the world works, like because if it's serving you like it could be bad for one person, but not for you, right? So I was like, okay, and I started with BJ Fogg, and he said there's no such thing as a bad habit. Every single thing we do is serving our mind. Our mind actually, truly lives off of what makes us feel good. And, so if you're like, but I hate scrolling, it's a bad habit, right? But you, when you scroll, something is happening in your mind that is giving you relief, excitement, joy, or it could even just be like, like, you can just like, exhale, right? So your brain isn't doesn't know bad or good. It knows shame and judgment doesn't make me feel good, and these things make me feel good, and so we actually create habits instantly based on emotions. So that's why I think that change isn't hard if we know how our brain works. Brad Bizjack 10:31  100%. If you think about change, change does not take a long time to do. It actually happens in an instant when you actually have the leverage to create change, right? Like so many people have had a time in their lives when they've dealt with a really painful situation, like a tough relationship, or, let's say, let's say that they weren't exercising or eating well, or so anything like that, and they've known that they should take a different action, but they haven't gotten themselves to do it until one day when something happens, and all of a sudden, some lever is pulled, and all of a sudden it's easy and it's not hard anymore. It's because in the moment, you started shifting the beliefs and the emotions that were going on behind the scenes to create leverage to actually move, and there's actually a reason why this happens. And I'm happy to dive into how behavior change actually works in people. If you want me to dive deep into that, I can. But if we think so, let's say most people, most people, if you imagine like a big triangle with different like levels in this triangle, at the very base of this triangle is your 3D environment or your results. This is really how life is. Now, most people don't recognize that all of life is cause and effect, everything. And if you obsess over the effect, you forget the cause. And if you don't focus on the cause, you can no longer influence the effect. Well, most people think that their life circumstances are the cause of how they feel, how they live, everything. They think, I don't have this money, therefore I can't be happy. I can't take different action. I can't grow a big business. I don't have a big business, therefore I can't ask people to join my business, right? It's, it's backwards thinking. It's once I have a different life, then I can take a different action. So what most people end up doing is they sit around complaining about their circumstances. And the challenge with complaining is you only complain about things that you could change. You're just too afraid to, right? So you don't complain about gravity. You complain about money. Well, money is something you can make right now if you want to, you can attract it anytime you want to. So it starts at the bottom of this pyramid with your 3D environment and your results. Now most people, they think that if they focus on what's not happening in their life, somehow magically, it's going to change, and it doesn't. If I could give one calling to everybody here, it's the fact that you are 100% responsible for every single part of your life, even the parts that are not your fault. Now before you want to punch me in the face, let me explain, right? I don't mean that that thing that happened in your life is your fault. You are not to blame. Blame focuses on the past and what went wrong. Responsibility means the ability to respond. This is how I'm going to perceive it, move about it, go forward in the future. And that's everyone's responsibility, regardless of what happened in your life. So once you start taking responsibility for your life, you start trying to impact the cause of a different 3D environment of results, and you step up one level in that pyramid to behaviors and habits. And most people, they try to form a habit. It takes 21 days to form a habit. You see all this stuff, well, how many people listening have ever done really, really good for about two or three weeks, and then all of a sudden they fall off? There's a reason why. Because when you try to change at a behavior level, meaning, take a different action, which isn't a bad thing. It's not bad if you want to, let's say, lose weight or gain weight, or whatever your goals are, if you take a different action, it will yield a different result when done consistently over time. The problem is that when you try to change at a behavior level, you have to negotiate with the mind. You automatically question if you are capable of making it happen. So it feels like this constant fight, and you have to rely on willpower. Willpower is push motivation, right, and we all use willpower sometimes. Nothing wrong with willpower. But if you rely on it, it leads to one thing, and that is burnout. We need to get to a place of pull, where hard work isn't hard work, where you just move. So when you are changing, from a behavior perspective, you're wanting to know, am I doing it right? You're seeking the strategy first, the how, right, and when you crave the how over crave the how, you likely don't actually take the actions that will yield the results. So what influences our behaviors and habits? Go one level higher, and that is your capability. And most people don't recognize what's influencing their capability are three things. Number one is what you consume. If you consume social media gossip on a daily basis, that's not really going to help your sales habit, right? If you can consume news media, that's not going to really help with practicing gratitude, right? It's going to hurt it. So number one is what you consume, because whatever goes in your eyes and ears comes out your mouth, and it leads to the second thing, which is skills. You, let's say that you're still that you're trying to grow a business, and the habit you're trying to deploy is consistent sales or prospecting or marketing? Well, you need to study sales and marketing. The skills of those things are required to change the habits and therefore change the environment. And so we need different skills. If your skills that you're studying is okay, I just want to learn how to bake cakes, but your goal is to grow a business, well, it's mismatched, right? But the third thing that's most powerful, is, that it influences your capability, is your peer group. Your life is a direct reflection of the expectations of the people you surround yourself with. And we can have a whole freaking podcast episode on this alone. It's so important. So these three levels are temporary behavior change. Anything at the skill at the capability level, behavior level and 3D environment level, it doesn't seem to last. And if it ever does, it's because we're changing at a higher level than that. And so it's not bad to change these things. Your capability does influence your behaviors and habits, and that does influence your environment, but it never, most people never decide to change above the line of lasting change, which is what influences all of this. Before I go into that, you seem like you have thoughts, my friend.Lesley Logan 16:53  Well, I just, I do, because you just said, like, most people don't go above the line of lasting change. And I think, like, that intrigues me, because it's like, are we saying that like, they'll do enough, they start to get going, and then they, like, revert back, or they just kind of stay at this place that's like, good enough. Like, tell me what the line of lasting change is.Brad Bizjack 17:14  Well, the strongest force in the human personality is the need to stay consistent with who you already think you are. Lesley Logan 17:20  Oh, yes. Brad Bizjack 17:21  And so if you believe or identify as a failure or think that money is hard to make, you can try all day long to change, but you're gonna go back. You're gonna find a way, because life will, whatever you believe, will determine the level of potential you tap into. That determines the actions you do or don't take and how well you do them. That determines your results, and it literally reinforces what you believe. That's why, right above this line of lasting change, if you actually want to make change, it's your beliefs and values that's that's the next step, that's what actually influences lasting change. So you mentioned, do people go back? They'll go back to what they believe, what they value, and how they identify always, they'll find a way. And so before I explain that, does that make sense so far? Lesley Logan 18:07  Yeah, that does. And I think, like, where I, where I, like, my brain is like, okay, so I also know that the brain is like, dissonance. So if, if, if I, if I think I'm a failure, but I just have to walk around going, I'm not a failure. I'm not a failure. Like, I don't know, like, I don't know that that is like, the answer, right? Like, so how do I go from like, seeing myself and believing that I'm a failure and then actually truly seeing myself in value that I'm not a failure?Brad Bizjack 18:35  Yeah, there's three ways to shift any belief pattern. Number one is doubt, right? If you introduce doubt to this and so that is real life examples, right? If, let's use the example of money is hard to make, right? That's a belief that a lot of people have. Well, if that is the belief, what evidence do you currently have supporting that? Because you're likely overly focusing on it. If you introduce doubt to that belief and say, well, not hard for John. It's not hard for Lesley, like and you surround yourself with evidence. Is that actually true? Or is that something that I was just told growing up? Rich people are greedy. Is that actually true or if I take a look around at all the people that I know that have money, they're the ones giving the most to charities, right? So it's evidence that shows that that belief is false. But the challenge with this is changing at a logical level is very, very hard, right? If most people don't recognize that, it's next to impossible to logic and reason your way out of anxiety. It just makes the anxiety worse. It's because it's, at a nervous system level, it responds, your body responds way faster than thoughts ever will. So we need to change our beliefs in other ways, and that is pain. We talked earlier about how people like how change is not really that hard once you have leverage, if you can see the consequences of what happens if you don't change, a nd actually live those consequences in your mind, you will start to change. I was at a Tony Robbins event years ago, and he shared something that really made an impact on how I viewed behavior change. And he used the example of a Christmas carol, Ebenezer Scrooge, right? And how he's a total butt head, super mean to all these people, because he thinks that that's why he's successful. It's not why he's successful. It's not why he's successful. He's brilliant, he works hard, all these things. And his life was going pretty bad, and he just kept on going until three until one night, three neuro associative conditioning specialists showed up at his house that goes to Christmas past, present and future, and they linked up unbearable pain to the way that he's lived up until now, the way that he's living and what his life will look like if he keeps living that way. And when you're boxing from the left, from the right and behind you, guess what you move. Most people value comfort and safety and certainty, so they don't want to give themselves a healthy dose of pain. They don't want to see the consequences of consistently doing it this way. And people are like, well, I know the consequence is going to hurt me. It's going to hurt my kids. Everyone has a leverage point, but sometimes that leverage point isn't your stereotypical oh, it's going to hurt my finances. Oh, it's going to hurt my kids. Your job is to find out what it is that you actually will have in your life that's going to cause you pain that you care about, that'll get you to move. That's the second way to create a change. The third is vision. Human beings are driven by their need to avoid pain and gain pleasure, right? What we just talked about is pain avoidance, and that's very strong, and typically the most strong, but we're also driven by pleasure, and when we can be compelled by a beautiful vision of the future, it gives us a reason to overcome this. So if we think about what identity is, the identity of I'm a failure, that is just a strongly held belief, right? So beliefs and values. Beliefs are just feelings of certainty. That's all it is. And a value is an emotional state you live in, and value feeling, right? So if we think about a belief as let's use the example of the sky is blue, most people think that. But what about during sunset? What about at night? What about sunrise? What about when it's raining? What about the scientific answer that it's not any color, right? It introduces doubt. So we have these beliefs based on evidence in our life, whether that is our upbringing, trauma, consistent results that reinforce this feeling of certainty, until we introduce uncertainty to that certainty. So it's so interesting, the thing that you're craving the most of, certainty, that's the very thing that's keeping you in the exact same spot, right? If we look at it from a values perspective, most people don't recognize they have values conflicts going on, right? Most people value success, but they equally value avoiding rejection, and so that's going to create conflict. And all of this rolls up into your identity, who you think you are. So those three things, shifting the identity through doubt, pain, and there's other ways too, and vision, shifting your beliefs and shifting your values that automatically influence your capabilities, automatically influences your behaviors and habits, cascades down right into different results. And we can do a real life example, or we can move on. But the whole point is, most people just fall back to where they are because they have a belief at a fundamental level, this is who I am, and your brain will always default to going back there. Lesley Logan 23:18  Yeah, I do want to do a real quick example, but I want to say, like, probably not a decade ago, but a long time ago, I was listening to a podcast, and I really, really so wish I could find this episode, but it was talking about how, scientifically, they can prove that your brain will tell your body exactly what you're thinking. So they actually took these people and they told them they were going to brand them. They put them in a room. They blindfolded them. They had the fire making the noise, they had the sizzling. They said, This is what the branding is going to look like. This is what it's going to be like. This is going to happen to you. Then they like, did the sizzle, then they touch them with a pen. And some people's arms developed a like a sore, a redness mark in the shape of the branding that they said they were not branded. No one was hurt doing this thing. But it's a scientific experiment, and they have also studied people who like, if you tell yourself, I'm I'm fat, and you're someone who is wanting to lose weight, that's a journey you want to go on. They have actually seen that those people do produce more fat, have bigger fat cells, all these different things, versus people who don't have a judgment about how they look. Their cells look quite different. Another study they did was a guy, a doctor, who wanted to know if I scrape a knee or if I drain a knee, which one of those things is actually helping these people's knee issues, right? So they had to take three groups. Had to take a group of people who needed this, but they did nothing to. They had to take a group of people that they just drained, and they had a group of people that they just like, scraped right. Every single person got put under, got the same music, was told what the surgery was going to be like, and then they waited to see what happened. And the people who had nothing to their knee, nothing, no draining, no scraping, they did two little pricks, put 'em under, play the surgical video while they're in anesthesia, they had the same results as people who had anything done. And so is this point that, like, our brains are so powerful, they literally tell us things. And so it's so important what we are telling ourselves that we have to know. So I just wanna, like, highlight everything you said, because it is really, is really important that we, we tell ourselves the things we actually want to hear we want our body to do. Yeah.Brad Bizjack 25:31  Well, you know what's interesting, too. Have you ever noticed that when a lot of people do affirmations, it doesn't really stick? Why? Have you ever thought why that is and it it's because they're not telling themselves powerfully. When you are about to have a surgery or something like that, and you tell and the brain genuinely thinks something is going to happen, it is just like you said, so incredibly powerful, so powerful because the belief is held so strongly that this is going to happen. That's how powerful your brain is. But what we typically do when someone pulls like an affirmation card, right, and it says, I am worthy, and your brain goes bullshit, right? Or I am abundant. Have you seen your bank account? It's because it's done through less conviction and certainty. It's done through the lens of basically being passive. And so if you think about all these scenarios, these scenarios are from a place of this is it's almost like this is fact, where a belief is being communicated with absolute conviction. And so to the degree in which you can be convicted in your statements about yourself, that's the degree that behavior change happens. And once you do your brain just it goes to war for who you think you are or what you think is going to happen. That's why, when someone is in a space where you identify them as a success story, the worst things in the world could be happening for them, and you know without a doubt, they'll be completely fine. They'll figure it out. Because you always default back to what you feel most convicted about.Lesley Logan 27:05  Yeah, real life, example, and, and if it's possible, I, we didn't do this. We didn't actually talk about, like, how you got to, how you got to be so amazing. (inaudible) Just in case, people think, oh my god, easy for you to say, Brad. Like, life must be so easy for you. Like, you know, like, I think some people again, the brain is like, okay, well, Lesley and Brad just have it together. Everything works out for them. Somebody, okay, really quick. So I have a bot that is trained up 10 million of my words. And someone asked it like, have you ever had to handle a setback? And my bot thankfully said, yeah, daily, yeah. So anyways, go ahead.Brad Bizjack 27:43  So I'll share kind of a little bit of backstory. I was, came out, out of college, $92,000 in debt, and at that stage in my life, I wanted more money. I wanted to be able to add avocado without having to worry about overdraft in my bank account, right? Like, that's what I really wanted. And I found online business, and I was like, this is going to change my financial circumstances. But really what I wanted at that stage in my life was to be the breaking point of mediocrity in my family history. I wanted something I could chase after, and so online business was my ticket. A lot of people have other vehicles. That was mine. There was just one problem. It didn't work. I spent seven years, eight years, never making more than $24,000 a year as a group fitness instructor trying to get a business off the ground. I also had a corporate job, and I'll share a little bit of backstory with that in just a moment, but I would try to get this thing off the ground, and it didn't, It didn't happen. And so my mentor told me, dude, you need a mindset coach. What you're doing clearly isn't working. And I was like, but I'm $92,000 in debt. There's no way that I can hire a coach. And she's like, I'm gonna tell you, man, if nothing changes, nothing changes. So I maxed out a credit card, went $98,000 in debt, hired a coach. Very first call with that coach changed my life, fundamentally, forever. I was telling her, I'm doing all the podcasts, listening to the books, reading the books, I'm doing all the things. Why isn't it happening for me? I want this to work so bad. And she said, very calmly, Brad, you are so attached to success that you're missing the whole point. You're under the impression that you shouldn't be where you are right now. Business success and money, it's never going to make you happy. It's rewiring your mind for happiness that'll make you successful. At that stage, I was resenting everything in my life. I was saying it was wrong in some way. I wasn't seeing life happening for me. So I bought a ticket to a conference to really work on shifting my beliefs. I didn't have this technology back then. I didn't understand all this stuff back then, I just knew I needed, I just knew I needed to change my mindset. That's all I labeled it as back then. And I remember buying the plane ticket, hotel, all that stuff in San Diego, and about a month before that event, I got fired from my job. Now I'm $98,000 in debt now. No income, no savings. But luckily, I had that plane ticket, and I fly across the country, land in San Diego, go to the grocery store, buy peanut butter and jelly, like I did 100 times a day at that point. And I overdrafted my bank account on peanut butter and jelly, and it was just this, this place of defeat, where I just felt like nothing was ever gonna change, and I walk into that conference tail between my legs, and the topic that day was all about how the human mind works, and shifting your belief systems and identities and values and all these things. And it changed everything. We went on to pay off that 100 grand in debt within a year, we retired my wife from corporate America, we built up a million, multimillion dollar per year business. We've served 70,000 people all over the world. And now we have a little girl, and I'm going to be the dad that I want to be for her, and be at every single every single dance recital, or baseball or whatever it is. And it was because of shifting above the line of lasting change. It was because I had the courage to look at those things that most people avoid. And that's my calling to everybody here. And so if we do a real world example of this pyramid, that's literally what I did. If we look at the left side like, imagine that, that pyramid, that triangle, one identity is, I'm a failure right? Well, cascade that down. What does a failure believe? Success will never happen. Money is hard to make. What does a failure value? They value security. They value safety, right? So what does that do to my capabilities? What am I going to study if I believe I'm a failure? The news, social media. Who am I going to surround myself with other people that identify as failures to prove these beliefs true. So what happens to my habits? I'll just go through my day. I'll grab a beer at the end of the day, sit in the couch feeling sorry for myself, watching Friends reruns. And so what happens to my environment? Same overdraft, same bank account issues. That was my life. When I shifted this, everything going on behind the scenes, and started identifying as, let's use the example of a successful entrepreneur, right, just as an example. Or let's just use I am successful, right? Well, what's a belief system that comes from someone that identifies as successful? Money flows to me, or, you know, business is service, things like that. What does a successful person value? They value success, freedom, love, contribution, awesome. So let's go down to capabilities. What skills am I studying? Persuasion, marketing, sales. Okay, what, what am I consuming? Positive, uplifting books and videos and things like that. I'm not spending my time on social media and all that stuff and wasting my brain away comparing to the to the world. Who am I surrounded by? People that have what I want. So then what cascades into behaviors and habits? I'm focusing on the most important activities, the marketing, the sales. I'm making, the offers I'm putting myself out there in the world. So what happens to my environment? Naturally make more money, naturally serve more people. It all, it all cascades. So the whole point of all of this is my life didn't change until I changed above the line of lasting change. And it's very easy to look at success stories or people that have some semblance of what you want in any capacity and see, okay, yeah, easy for you to say monster man, but it doesn't look at the years and years and years of struggle that it took for me to get to a point where change became a must, and, and that's so that's how everything kind of, kind of shook out. Lesley Logan 33:30  I, thank you for sharing that. And also, like, I'm sure everyone heard like, the be it till you see it in that like, in just like, okay, so if you are, you took the first triangle, like, I'm failure, I'm poor, whatever. You go through, like, that's where you were at. And then you take the triangle that you want to be, if I am a successful person. These are the skill sets. This is the mindset. These are people I'm hanging out with. That's be it till you see it, right. Like, that's truly like, why this podcast exists and, like, why I get so excited. Because as I hear you tell that story, I can think of the times, like, all, all the amazing times I had in my life that took me the next level. I did those things, right? Like there was a day, so I was homeless, and that really without address. I had couches to surf on. I had totaled my car leaving my ex's house. So that's fun. And the studio that I rented space for was closing, so now I have no place to teach my clients. I have one month to find a new place. I don't have a place I actually live. So that's a problem, because I need to live, I lived in L.A., so I need to live where I'm going to teach, right? And then I have no car. So I'm at Whole Foods, because, you know, when you, when you're living off credit cards, you go to Whole Foods for a salad, guys. And I'm, I'm at Whole Foods, and I get a phone call, and I don't I never answer my phone, but I answered my phone and it's like, hi, this is Los Angeles Magazine. Congratulations. You're the best Pilates instructor in Los Angeles. You're gonna be in the next issue one of I do this thing, and I'm like, sitting there and like, the clothes I've been in since the morning, because I have not made it to the gym yet where I can shower. And I'm like, wow, I, how did, I thought people paid for this, like, I thought, like, I didn't pay for this. Do you have the right phone number? They're like, nope. We went to your class and you were voted and, like, you got this. And I was like, oh, amazing. That's so amazing. I sat there, and I'm like, holy moly. Like, I'm homeless. I have no place to all these things are happening. And I remember going, okay, well, I am now the best Pilates instructor in Los Angeles. So where does she teach, and where does she live, and who did she take to this party? And I did all those things. My life changed. Changed dramatically. You guys, I ended up, like, literally, making friends with someone who ended up my husband. I, like, I had one of the best studios and Pilates businesses in Los Angeles. Everything, everything changed because, like, I sat there and I was like, okay, I can sit here and, like, wallow in my sweat and my overdraft. I definitely wasn't probably on overdraft, but I was using a credit card. But, like, but, like, I can sit here in that or I can go, someone just deemed me the best Pilates instructor. So if they think I am, like, what would that person do, and how does that person act? And it changed my whole life. And then it happened again in 2020, and, like, it just so I sit here and I listen to you, and I'm like, my goodness, like, we can do this whenever we need to, and then it like, you don't have to wait. We can actually make these changes. And I think it's really so fun to listen to you, because you just get so I'm sure everyone's saying, like, get so excited. Go, oh, this change is possible. Like, you make it all possible. And so I just thank you. What are you most excited about right now?Brad Bizjack 36:20  Oh, man, right now I am excited for delivering people the insights of daily motivation that they need. I'm developing this entirely new thing that's super, super exciting to help people just have consistent motivation in their lives every day for this exact concept that we're talking about. And also taking my daughter to Disney, which is gonna be freaking cool.Lesley Logan 36:38  Oh my God, that's gonna be, I think you'll have, you'll probably have more fun memories thank she, that is so cool. That is so cool. Oh my gosh. Okay, bro, I could talk to you forever, truly, truly. But we're gonna take a brief break, and then we're gonna find out if people can, can, you know, stalk you in the best way and your Be It Action Items. Lesley Logan 37:01  Alright, Brad, where do you hang out? Where can people work with you, if they want to do this with you, if they want more than 35 minutes to do in their ear, like, what can they do?Brad Bizjack 37:08  Yeah, absolutely. So, so in terms of just consistent places where I'm showing up, on the gram jam @BradBizjack, I had motivational tips there on an ongoing basis. But if you really want to take these concepts and make them real. This is actually really, really amazing timing, because starting next week, I have a five day challenge that literally does everything we're talking about and makes them real in your life. It's called the Success Accelerator. This program has helped over 70,000 people shift their beliefs and identities and values to help them become the very best version of themselves, the version that they really want to be. And so yeah, it starts next week. There's going to be a ton of people in there, if you want to see how high performers achieve their goals faster than all their peers, with less stress, if you want to see how do we take these principles and really bring them to life in real time, giving you real tactical things to do each day to really make this happen, come into the Success Accelerator Program, it's going to be really, really powerful. So those would be the two, two best ways.Lesley Logan 38:07  Awesome. Okay, so we'll put the link in the show notes. We'll also email to you guys, if you're on the podcast email list, Brad, my Brad and I did this. That's exactly the time at the beginning of the show. It was, it's absolutely wonderful. I'm telling you like I would do it again, just because I think it's so important to remind yourself, because there's always like, another thing you're like, oh, I didn't do that one. I didn't do that part. I got this part. So I think it's just so amazing what you do. And you guys, it is five, it is five days, but it's wonderful, and it's a great way to start your day. You're going to want to do it, and there's replays, so you can always watch it later if you have to work. Okay, you have given us a ton but, but we have to ask the question, bold, executable, intrinsic or targeted, steps people can take to be it till they see it. What do you have for us? Brad Bizjack 38:47  Oh, my goodness, this is such a good one. This is probably one of the things that I'm most excited about right now. I have a very interesting take on big dreams and big goals. A lot of people will say things like, be realistic and stuff like that. I am actually completely different. My, the number one thing that I believe is you have to be compelled by a beautiful vision of the future. Otherwise, you would, you'll default to focusing on the past and present. So number one, by the way, is unreasonable dreams and goals. In my opinion, that's number one, and then taking full responsibility for making that happen. I think a lot of people hold themselves back from doing that. And if you start there, and we'll talk a lot about this in the challenge next week on how to do that successfully, that'll go a long way in actually making them possible.Lesley Logan 39:33  I love that. We haven't had anyone we've had a few people say those smart, tangible gold blah, blah, blah, blah, blah, and that's really, if you do, I got actual habit like, that makes sense. But like, for a vision, no, no one gets out of bed for a reasonable like, you know, like, if shit hits the fan and you have a reasonable goal to work on, you're just gonna work on the shit that hit the fan and not, like, the reasonable goal. So I fucking love that. Brad, you are awesome. You guys, please let us know how you're gonna use these tips in your life. What your favorite takeaways are, if you sign up for the Success Accelerator, I wanna know. I promise you it will be five days well spent. I'm telling you from experience. And send this to a friend who needs to hear it. Because, as Brad said, like the people we hang around, they affect us, and so if you don't want to lose them, they need to hear this so that they can level up as well with you. So, Brad, thank you so much. And until next time everyone, Be It Till You See It. Lesley Logan 40:29  That's all I got for this episode of the Be It Till You See It Podcast. One thing that would help both myself and future listeners is for you to rate the show and leave a review and follow or subscribe for free wherever you listen to your podcast. Also, make sure to introduce yourself over at the Be It Pod on Instagram. I would love to know more about you. Share this episode with whoever you think needs to hear it. Help us and others Be It Till You See It. Have an awesome day. Be It Till You See It is a production of The Bloom Podcast Network. If you want to leave us a message or a question that we might read on another episode, you can text us at +1-310-905-5534 or send a DM on Instagram @BeItPod.Brad Crowell 41:11  It's written, filmed, and recorded by your host, Lesley Logan, and me, Brad Crowell.Lesley Logan 41:16  It is transcribed, produced and edited by the epic team at Disenyo.co.Brad Crowell 41:20  Our theme music is by Ali at Apex Production Music and our branding by designer and artist, Gianfranco Cioffi.Lesley Logan 41:27  Special thanks to Melissa Solomon for creating our visuals.Brad Crowell 41:31  Also to Angelina Herico for adding all of our content to our website. And finally to Meridith Root for keeping us all on point and on time.Support this podcast at — https://redcircle.com/be-it-till-you-see-it/donationsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

S&P futures are under pressure, down (1%) as risk sentiment deteriorates following Asian equity weakness and reports that Beijing imposed fees on U.S.-related shipping. China has added five U.S. units of Hanwha Ocean to its sanctions list, escalating trade tensions with the U.S. The move prohibits these entities from conducting business with China and follows reciprocal fee hikes on ships at ports by both nations. Japan's Nikkei fell near (3%) today after reopening post-holiday, while Hong Kong also dropped (1.3%). European markets mostly opened in the red with major benchmarks down near (1%).Companies Mentioned: Goldman Sachs, Broadcom, Ford, Robinhood

This week, Tarek Mansour Co-founder & CEO of Kalshi joins the show to discuss the next chapter for one of the fastest growing start ups in the U.S. We deep dive into the Kalshi origin story, how media and markets are evolving, the opportunity for prediction markets, advice for founders and more. Enjoy! -- Follow Tarek: https://x.com/mansourtarek_ Follow Jason: https://x.com/JasonYanowitz Follow Empire: https://twitter.com/theempirepod -- Join the Empire Telegram: https://t.me/+CaCYvTOB4Eg1OWJh Start your day with crypto news, analysis and data from David Canellis. Subscribe to the Empire newsletter: https://blockworks.co/newsletter/empire?utm_source=podcasts -- Crypto's premiere institutional conference returns to London in October 2025. Use code EMPIRE200 for £200 off at checkout: https://blockworks.co/event/digital-asset-summit-2025-london -- Crypto-native institutions and developers demand institutional-grade infrastructure with regulatory clarity and full asset control. Blockdaemon's Earn Stack is a non-custodial platform combining high-performance staking rewards and seamless DeFi integration with no intermediate smart contract or vaults. Programmatically access leading Ethereum & Solana staking rewards, plus DeFi opportunities across lending protocols, DEXs, and AMMs. Book a Demo! -- peaq, the Machine Economy Computer, proudly sponsors the Empire podcast. peaq is home to 60+ apps across 20+ industries and millions of devices, machines, and onchain robots. It powers the world's first tokenized robo-farm, launching soon in Hong Kong, and has launched the Machine Economy Free Zone in Dubai as a Web3 x Robotics x AI innovation hub. For more about peaq, check out www.peaq.xyz -- Katana is a DeFi-first chain built for deep liquidity and high yield. No empty emissions, just real yield and sequencer fees routed back to DeFi users. Pre-deposit now: Earn high APRs with Turtle Club [https://app.turtle.club/campaigns/katana] or spin the wheel with Katana Krates [https://app.katana.network/krates] -- Mantle is pioneering ""Blockchain for Banking"" as a revolutionary new category that sits at the intersection of TradFi and web3. Key elements for Mantle as the ""Blockchain for Banking"": - Transactions posted to the blockchain - Compatibility with TradFi rails - Integrated DeFi features Mantle Network, the access layer — transforms Mantle Network into a purpose-built vertical platform — the blockchain for banking — that enables financial services on-chain. Mantle leads the establishment of Blockchain for Banking as the next frontier. Follow Mantle on X (@Mantle_Official) for the latest updates on Mantle as the 'Blockchain for Banking'. -- Timestamps: (00:00) Introduction (02:28) The Kalshi Origin Story (19:29) Raising Money From Sequoia (21:46) Ads (Blockdaemon, Peaq) (22:58) Why The Election Was Kalshi's Breakthrough Moment (33:37) Becoming The Fastest Growing Start Up (37:40) Ads (Blockdaemon, Peaq) (38:52) Why Prediction Markets Are The Superior Model (43:40) Integrating With Crypto (50:20) Ads (Katana, Mantle) (51:57) Partnering With Robinhood (54:39) The Future of Prediction Markets & Media (01:00:11) The Perps Opportunity (01:03:19) Competing With Polymarket (01:09:40) Advice For Founders -- Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

Andrew and Robert Kissel grew up just four years apart in a family where wealth and competition went hand in hand. Their father, Bill, was a relentless businessman who demanded success from his sons, and both carried that drive into adulthood in very different ways. Rob built his career as a prominent investment banker, while Andrew often looked for shortcuts in the world of real estate. In 1989, Rob married Nancy Keeshin, a spirited and impulsive woman whose personality contrasted sharply with his serious, ambitious nature. When Rob's career took the family to Hong Kong, they appeared to be living the dream among the city's wealthy expatriates. But behind the polished image, cracks in the marriage were starting to show. By November 2003, those tensions reached a breaking point when Rob vanished after a violent fight with Nancy. Soon, the Kissel family name would become infamous on two continents.Today's snack: Homemade strawberry milkshakeSupport us on Patreon

We meet an award-winning saxophone quartet from Texas. A teen flutist who is also a talented figure skater performs Faure. An impressive 16-year-old performs a piece by a guitarist/composer who inspires him, and a violinist from Hong Kong studying in Los Angeles tells us about how a letter from a stranger impacted his life.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy

In Episode 230 of Growing Pains with Nicholas Flores, Scott Kennedy, senior adviser and trustee chair in Chinese Business and Economics at the Center for Strategic and International Studies (CSIS),  breaks down U.S.-China relations as a "cautious ceasefire" amid deep economic ties and mutual distrust. He contrasts China's vision under Xi Jinping with U.S. internal debates, the rise of China's technology sector, Hong Kong, and global futures.    You can find Scott Kennedy at CSIS online (https://www.csis.org/people/scott-kennedy), and his podcast, China Field Notes, on YouTube and everywhere you listen to podcasts.   10/03/2025

Author and cultural critic Jeff Chang's new book is “Water Mirror Echo: Bruce Lee and the Making of Asian America”.  The world's most celebrated martial artist and one of the best-known action stars ever, Bruce Lee is a global icon.  Born in San Francisco in 1940, Lee spent his childhood in war-ravaged Hong Kong, where he began his acting career in its emerging film industry.  When he returned to the US at the age of 18, Lee studied philosophy and drama, and taught martial arts to major Hollywood actors before becoming a star himself.  On September 25, 2025, Jeff Chang talked to journalist, podcaster, and educator Shereen Marisol Meraji about his biography of Bruce Lee and his role in Asian American culture. 

An interview podcast giving the inside scoop of what happens in comedy scenes across the globe and dedicated to speaking to the mavericks in the comedy world. We speak to Oleksandr Kachura is a stand-up comedian from Ukraine, who is active part of Kyiv's "Underground Standup" scene and hosts English open mics. He began his stand-up career in Hong Kong after being inspired by a performance by comedian Pablo Francisco. He also performed in Mandarin on several occasions while living in China. Here is an overview of what we discussed:If you would like to know more on Oleksandr, you can reach him on his Linktree. You can follow this podcast on Youtube at https://bit.ly/41LWDAq, Spotify at https://spoti.fi/3oLrmyU,Apple podcasts at https://apple.co/3LEkr3E and you can support the pod on:https://www.patreon.com/thecomediansparadise. #standupcomedypodcast #comedypodcast #interviewingcomedians #podcastinterview #standupcomedian #ukrainecomedy

My interview with Ben El-Baz, Managing Director of HashKey MENA. - The Asia–Middle East crypto corridor is expanding fast, driven by stablecoin-powered B2B payments. - Hong Kong's regulatory clarity has fostered a “financial-grade” crypto ecosystem across banks, brokers, and asset managers. - Dubai and the UAE are emerging as key partners in bridging East–West crypto flows. - Real estate tokenisation and cross-border stablecoin use are transforming how individuals and corporates transact. - Southeast Asia is becoming a vital region for institutional crypto adoption, especially in stablecoin settlements. - Education and regulated infrastructure remain key challenges for scaling adoption securely. Powered by Phoenix Group The full interview is also available on my YouTube channel: YouTube: http://bit.ly/4n1z00D  

Charlotte Greenway in for Nick and joined by Jane Mangan to look back on the action from day 1 of the Tattersalls Book 1 yearling sale in which Godolphin certainly left their mark including securing the top lot of the day. Jane and Charlotte look at why we may not have seen the same fireworks of last year and why to some the market appeared a bit 'patchy'. We hear from Anthony Rogers of Airlie Stud who sold his first seven figures homebred out of his mare that keeps on giving and Fabienne Parkin who consigned her first yearlings yesterday discusses why she's ventured into the consignment game and Simon Mockridge discusses Lead Artist, who's joined the Juddmonte stallion roster for the upcoming breeding season. Nick catches up with Pip Kirkby about the newly created schooling races in the UK, in an effort the recreate what's so widely used in other countries around the world before JA McGrath had the latest from Hong Kong.

This week we discuss Polymarket's $2B deal with ICE and how it impacts the future of prediction markets. We then deep dive into the stablecoin duopoly, advice for founders, is it BNB season, crypto's next breakout consumer app & more. Enjoy! -- Follow Rob: https://x.com/HadickM Follow Santi: https://x.com/santiagoroel Follow Jason: https://x.com/JasonYanowitz Follow Empire: https://twitter.com/theempirepod -- Join the Empire Telegram: https://t.me/+CaCYvTOB4Eg1OWJh Start your day with crypto news, analysis and data from David Canellis. Subscribe to the Empire newsletter: https://blockworks.co/newsletter/empire?utm_source=podcasts -- Crypto's premiere institutional conference returns to London in October 2025. Use code EMPIRE200 for £200 off at checkout: https://blockworks.co/event/digital-asset-summit-2025-london -- Crypto-native institutions and developers demand institutional-grade infrastructure with regulatory clarity and full asset control. Blockdaemon's Earn Stack is a non-custodial platform combining high-performance staking rewards and seamless DeFi integration with no intermediate smart contract or vaults. Programmatically access leading Ethereum & Solana staking rewards, plus DeFi opportunities across lending protocols, DEXs, and AMMs. Book a Demo! -- peaq, the Machine Economy Computer, proudly sponsors the Empire podcast. peaq is home to 60+ apps across 20+ industries and millions of devices, machines, and onchain robots. It powers the world's first tokenized robo-farm, launching soon in Hong Kong, and has launched the Machine Economy Free Zone in Dubai as a Web3 x Robotics x AI innovation hub. For more about peaq, check out www.peaq.xyz -- Katana is a DeFi-first chain built for deep liquidity and high yield. No empty emissions, just real yield and sequencer fees routed back to DeFi users. Pre-deposit now: Earn high APRs with Turtle Club [https://app.turtle.club/campaigns/katana] or spin the wheel with Katana Krates [https://app.katana.network/krates] -- GEODNET is the world's largest RTK network, delivering real-time, centimeter-level precision for drones, robots, farmers, and first responders. Recognized by the U.S. Congress, this blockchain-powered network supports mission-critical applications across a wide range of industries. Discover how GEODNET is changing the world: [https://geodnet.com] -- Timestamps: (00:00) Intro (04:04) ICE Invests $2b In Polymarket (14:32) Ads (Blockdaemon, Peaq) (15:43) Advice For Founders (22:50) How Does Polymarket's $2b Raise Impact Kalshi? (27:53) Ads (Blockdaemon, Peaq) (29:04) The Stablecoin Duopoly Is Ending (44:16) Ad (Katana Geodnet) (45:42) Is It BNB Season? (55:06) Privacy Coins (57:13) Finding The Next Breakout Consumer App (01:02:25) The Government Shutdown (01:04:31) Content of The Week -- Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

ChatGPT said:This week on the KPL Podcast, we welcome author Kristen Loesch to discuss her latest novel, The Hong Kong Widow. Set in 1950s Hong Kong, the story follows Mei, a young refugee fleeing the shadows of her past in Shanghai. When Mei is invited to compete in a chilling contest among six spirit mediums inside one of the city's most haunted houses, she must confront both restless ghosts and her own buried secrets. Tune in for a conversation about history, hauntings, and writing gothic thrillers.Author RecommendationsThe Yellow Wallpaper by Charlotte Perkins GillmanThe Monkey's Paw by W.W. JacobsThe Joy Luck Club by Amy TanDaughters of Shandong by Eve ChungHidden Pictures by Jason RekulukForget Me Not by Stacy Willingham

In this episode of the ChinaPower Podcast, Dr. Mohammed Alsudairi and Dr. Andrea Ghiselli join us to discuss their newly released book Narratives of Sino-Middle Eastern Futures. They challenge prevailing narratives that frame China's engagement in the Middle East primarily through the lens of U.S.–China rivalry and offer alternative perspectives by drawing on extensive Arabic and Chinese-language sources to highlight how regional actors themselves interpret and shape their relationships with Beijing. Drawing on Saudi Arabia and Syria as the two core case studies in their book, they show how regional  perceptions of China diverge sharply depending on various factors such as national capabilities and alignment with the United States. The conversation also examines China's diplomacy toward Iran, its muted response to the Israel–Iran conflict, and why both Chinese and regional leaders prefer to limit Beijing's security role. Dr. Alsudairi and Dr. Ghiselli conclude that the future of Sino–Middle Eastern relations will likely reflect cautious continuity—marked by pragmatic engagement and mutual restraint.   Dr. Alsudairi is a Lecturer in Politics and International Relations of the Arabic Speaking World, Center for Arab and Islamic Studies, at the Australian National University. Prior to his appointment, he was a postdoctoral research fellow at the Institute for the Humanities and Social Sciences at the University of Hong Kong, working on a project examining the intersections between religion and infrastructure in the context of China's Belt and Road Initiative. Since 2015, he oversaw the development of the Asian Studies Program at the King Faisal Center for Research and Islamic Studies based in Riyadh, Saudi Arabia. More recently in 2022, he was awarded a research fellowship from the Alexander von Humboldt Foundation to work on his upcoming book manuscript.  Dr. Ghiselli is a Lecturer in International Politics in the Department of Social and Political Sciences, Philosophy, and Anthropology of the University of Exeter. He is also non-resident research fellow with the TOChina Hub and the Head of Research for its ChinaMed Project. He has previously worked in China at Fudan University for nine years. You can find an open access version of their book here.

The new Rumps & Bumps jersey just dropped! Check out afterpartyinc.com. Its the return of our boy Champagne Eli! As he comes on after a two year hiatus. We talk about the last time he came on the podcast and he ended up where no one wants to be, find out how the ladies have been treating him plus Mark chimes in and Mark gives us the scoop on why he's still single. Follow us on social media @AaronScenesAfterParty

Hong Kong, 1953: In a remote mansion, witnesses insist a massacre took place. The police see nothing but pristine rooms and declare it a collective hallucination. Until decades later, when one witness returns…Kristen Loesch discusses THE HONG KONG WIDOW.

Israel and Hamas agree on the first phase of a U.S.-brokered ceasefire deal and hostage return in what is a crucial first step to ending the two-year conflict. We are live in Paris where outgoing Prime Minister Sebastian Lecornu predicts France should have a replacement for his post within 48 hours as lawmakers attempt to calm the latest political turmoil engulfing the country. In Hong Kong, listed shares of HSBC nosedive after the lender announces it will cease buybacks for three years in a proposal to take Hang Seng Bank private. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Un militant pour la démocratie ayant fui Hong Kong a déclaré s'être vu refuser l'entrée à Singapour, bien qu'un visa lui ait été accordé. Traduction:A pro-democracy campaigner who fled Hong Kong said he was denied entry to Singapore even though he had been granted a visa. Hébergé par Acast. Visitez acast.com/privacy pour plus d'informations.

This week on Cooking Issues, Dave Arnold and the crew welcome special guest KC Boyle of Dock to Dish, a pioneering community-supported fishery connecting local fishermen directly with restaurants. KC breaks down how their model short-circuits the traditional supply chain, gives boats better pay, and brings overlooked species like sea robin, welks, and local red shrimp to chefs' menus.Alongside the seafood talk, Dave recounts his oily laundry disaster, debates eggplant varietals with John, and Jack shares food adventures from Taiwan, Hong Kong, and China — including stinky tofu, abalone, and Michelin dining in Chengdu. The conversation veers into fruit obsessions, etiquette in fine dining comps, and why Americans need to expand their fish vocabulary.From abalone and blowfish to razor clams and blackfish, this episode dives deep into the hidden bounty of local waters and what it takes to get them onto plates.Cooking Issues — where chefs, fish, and the occasional lifetime-guaranteed backpack all meet at the table. Hosted on Acast. See acast.com/privacy for more information.

Charlotte Greenway in for Nick and joined by Jane Mangan to look back on the action from day 1 of the Tattersalls Book 1 yearling sale in which Godolphin certainly left their mark including securing the top lot of the day. Jane and Charlotte look at why we may not have seen the same fireworks of last year and why to some the market appeared a bit 'patchy'. We hear from Anthony Rogers of Airlie Stud who sold his first seven figures homebred out of his mare that keeps on giving and Fabienne Parkin who consigned her first yearlings yesterday discusses why she's ventured into the consignment game and Simon Mockridge discusses Lead Artist, who's joined the Juddmonte stallion roster for the upcoming breeding season. Nick catches up with Pip Kirkby about the newly created schooling races in the UK, in an effort the recreate what's so widely used in other countries around the world before JA McGrath had the latest from Hong Kong.

S&P futures are up +0.2% and pointing to a slightly higher open. Asian markets were mixed with Japan and Hong Kong lower. New Zealand posted modest gains after a surprise RBNZ rate cut. Mainland China and South Korea remained closed for holidays. European markets are all firmer in early trades. Gold prices surpassed $4,000/ounce for the first time, driven by haven demand amid economic, fiscal, and geopolitical uncertainties. Year-to-date, gold has delivered over +50% returns, supported by concerns over potential market shocks, a possible US government shutdown, and expectations of further Federal Reserve monetary easing. Bullion-backed ETFs experienced their largest monthly inflows in over three years in September. Companies Mentioned: Exxon Mobil, Intel, NVIDIA, Confluent

The Transformation Ground Control podcast covers a number of topics important to digital and business transformation. This episode covers the following topics and interviews:   How to Get Your ERP Modernization In Tune, Q&A (Darian Chwialkowski, Third Stage Consulting) Allegations of Anti-Trust Behavior From SAP (Ralph Torres, VP of Operations at Eastman Music Company & Sanket Akerkar, Chief Revenue Officer at Acumatica) The HUGE Project Management Mistake You Might Be Making   We also cover a number of other relevant topics related to digital and business transformation throughout the show. To start your business transformation journey with Acumatica and get a unique 15% off discount code, click here: https://refer.acumatica.com/ERICKIMBERLING  

BoooOOOOOooo! Welcome to pcmc Halloween 2025! Spooky season is the most precious time of year for the pcmc brood, and we come to you all month long with our scare-tacular Halloween specials. Today we travel to Hong Kong in 1985 to hop onto the hopping vampire craze! See what I did there? Today's film is Mr. Vampire — a slapstick comedy, martial arts, horror film! This movie modernized the mythology of Jiangshi (hopping vampires) for a new audience and set off a craze for similar movies. This movie is fun as hell, and we recommend you check it out, but even if you haven't seen it, you can still listen to this episode. Come back next week for more spooky fun! find us everywhere @PCMCpod

主播Meimei和主播Maelle都有在国外生活的经历，今天两位主播就要以自身的经历聊一聊，海归或者留学生们回国以后，为什么有时候反而会觉得“不适应”呢？01. Hosts' Feeling on Returning Home 主播回国后的感受主播Meimei在美国留学6年，她觉得回国后适应的过程很棒，but there are also struggles, too（但也有一些需要努力的地方）。从已经熟悉了全英文的语言环境，再回到需要用中文表达的环境，主播Meimei有时候就会有“找不到词”来描述的窘迫感，get brain blank（大脑空白）。像“U-turn”这个词，she just couldn't find the word“掉头”来表示。主播Maelle也有同感，特别是当她需要switch (切换) between French, English and Chinese的时候，it's like the brain's stuck in translation（在语言转换之间卡住了）。海归或者留学生们可能会觉得有时候试图通过中文转述英语逻辑，最后说出来的话就很不自然，而且说中文的语调和语气都和以前不太一样了。从另一个文化回到自己的本国文化中，language is definitely one of those first big challenges (语言无疑是最初的重大挑战之一)。02. What Is Reverse Culture Shock? 到底什么是反向文化冲击？海归或者留学生们回家后，that's so special reuniting (重聚) with people you love!主播Meimei表示：6年后，再次见到家人和亲近的朋友，有一种很奇妙的感觉。熟悉感（familiarity）仍然在，但同时自己已经是成年人了（already an adult），有了很多自己新的生活习惯和个性。主播Maelle在这一点上也很有共鸣（totally relate）。Sometimes with family and friends you haven't seen for a long time, it feels like nothing has changed (感觉什么都没有改变) - and yet, everything has changed (一切又变了).再次见到以前的朋友和同学，特别容易在一起怀旧。But at the same time, people are also at completely different life stages now (完全不同的人生阶段). 这种反差感，也会让人触发一种“我这些年真的经历了很多”的感慨。Where you were, where you are now, how your experiences have shaped you (塑造自己). Through seeing people who knew you well back (曾经最了解你的人), it makes you realize (意识到) how much you have changed！And differences can be good (差异自有其价值), the uncomfortable feeling sometimes can be a reverse culture shock (反向文化冲击). 处在另一个文化中时间久了，这种对于原生环境所产生的不适应其实就是一种反向的文化冲击。03. Home as a Fluid Concept 家有了流动性Maelle has traveled to so many countries. Where do you consider home now (你现在认为家在哪里)? 对于主播Maelle来说，this is a question with a not so simple answer (不是那么容易回答)。在三种文化背景下长大，speak English at school, French at home, and surrounded (围绕) by Chinese culture every day, 主播Maelle认为she is a TCK, and the world is her home. TCK: Third Culture Kid的缩写，意思是“第三文化小孩”。Someone who grows up in a culture that's different from their parents' culture, usually due to (一般是由于) moving abroad during childhood. So your identity (身份) is formed through a mix of cultures (由多种文化的融合而形成的).主播Maelle表示：“When I moved to France for university, I felt like an outsider (局外人) there too. I looked like I belonged (归属), but I didn't feel fully French in the way people expected (期待的). ”Outsider: 局外人，这里特别指的是特定文化圈子中的局外人。After living in Spain, Australia, and Hong Kong, 主播Maelle表示home is not just one place. 确实如此，home is a fluid concept (家是具有流动性的)。主播Meimei这几年在美国搬了很多次家，觉得每个地方都有一种短暂但是又不同的归属感。It is the people, not the place that makes us feel at home. 04. Beyond Comfort: The Growth in the Culture 走出舒适区，在文化中成长国外生活的经历让两位主播感同身受的一点就是：The restlessness craves for movement and new experiences. 越看到世界的广阔，就越渴望探索更多文化。Restlessness: 不安于现状，不懈探索。Crave: 渴望；渴求。In English, we say “step out of your comfort zone (走出舒适区)”. Stepping out虽然会冒险，但那种兴奋感真的让人上瘾。It's risky (冒险的), but exciting and so rewarding (很值得的).Stepping out: 走出去；跳脱。Comfort zone: 舒适区。It is such a blessing (何其有幸) to feel at home in many places. To keep moving, growing. And take risks (敢于冒险), meet new people, experience new cultures, learn new languages and build a life somewhere so different from what we know (在与我们熟知的世界截然不同的地方，再次塑造自己的生活). It is so exciting!这个世界真的很令人兴奋，也很有挑战。每一次文化的碰撞，都是一种自我突破。在这个过程中也会不断刷新对家的定义。And of course sometimes it's also uncomfortable, but that's where the real growth happens. 比如在完全陌生的城市，navigating (导航探路) unfamiliar streets, learning to express yourself in another language, or sharing meals with people from completely different backgrounds. 看起来很小的事，做完之后都会有一种“I really grew up”的感觉。有时候正是这些“非舒适区”的体验，才能让我们更清楚地看到自己的潜力。They open our minds and stretch our hearts (开阔思维和心胸). It is not always easy of course, but it truly teaches us so much about the world and ourselves. 回国的过程，其实是一个“重新认识自己”的过程。有困惑，有喜悦，也会引发很多思考。“家”可以有很多个，很多种样子。你自己也不会只在一个阶段，一种状态里停滞不前。最重要的，是你自己怎样看待这样的改变。欢迎留言告诉我们：你是否也经历过这样的“反向文化冲击”呢？Have you experienced “reverse culture shock” like this as well?

In this episode, we share the story behind our most unique cruise yet — a repositioning voyage from Hobart, Tasmania to Singapore. This itinerary spans two continents, multiple climates, and countless unforgettable moments, from seeing the Sydney Opera House and snorkeling the Great Barrier Reef, to planning for Disney in Hong Kong. We dedicate this episode to Gene Bright, Scott's stepfather, whose dream of seeing the world inspired our own passion for travel. His legacy is the heartbeat of this journey — one that begins in the cool, crisp air of Tasmania and ends under the tropical skies of Southeast Asia. What We Cover in This Episode Why Hobart? How a twist in planning led us to start in Tasmania — and why we're glad it did. Planning a Repositioning Cruise Tips on dealing with multiple climates, long flights, and unusual cruise rhythms with more sea days than port stops. Packing Strategy From merino wool to swimsuits: what we're bringing for a month-long cruise across climates. Internet & Working Remotely at Sea Scott shares his Starlink research and how we're balancing work and adventure on the ship. Port Highlights & Itinerary A quick rundown of our 7 ports of call Episode 28 - Should You Book a Mediterranean Cruise? Some links are affiliate links. See our disclosure. Resources & Links Want curated travel deals every week? Subscribe to Travel Deal Insiders — the best travel deals sent straight to your inbox. Get Our Ultimate Packing Guide for Traveling Smart and Packing Light + Access to Exclusive Weekly Content here. Don't waste your precious vacation time with Jet Lag, get Flykitt and watch Jet Lag disappear! Protect your privacy, boost your security, and keep your browsing data safe with Express VPN. Plus, get 3 months free with a yearly plan. Follow Sunshine Travelers Listen on Apple Podcasts | Spotify | YouTube Read more about this and other travel destinations on our BLOG Follow our travels on TikTok @sunshinetravelerspodcast Follow us on X @sunshinetrvlrs Connect with us on LinkedIn @sunshinetravelerspodcast Get travel tips and follow our travels on Instagram: @sunshinetravelerspodcast Connect with us on Threads @sunshinetravelerspodcast Connect with us on Threads See our travel videos on YouTube @sunshinetravelerspodcast Save our travel ideas on Pinterest @sunshinetravelerspodcast Music: This Acoustic Happy Music by Dmitrii Kolesnikov from Pixabay

We celebrate Finnish brand Artek at 90 and athlete-turned-spatial designer Michael Bennett shares how creativity can be found everywhere. Plus: Dennis Cheung, a Hong Kong-based designer, on how he is taking cues from bamboo.See omnystudio.com/listener for privacy information.

Our strategists Daniel Blake and Tim Chan discuss how Asia is adapting to multipolar world dynamics, tech innovation and longevity trends to create new opportunities for global investors.Read more insights from Morgan Stanley.----- Transcript ----- Daniel Blake: Welcome to Thoughts on the Market. I'm Daniel Blake, Morgan Stanley's Asia Equity and Thematic Strategist. Tim Chan: And I'm Tim Chan, Morgan Stanley Head of Asia Sustainability Research and Thematic Strategist Daniel Blake: Today, how Asia is reshaping its development strategy, corporate governance, and capital markets to lead globally. It's Monday, October 6th at 8am in Singapore. Tim Chan: And it's also 8am in Hong Kong. Daniel Blake: Asia is experiencing a number of dramatic changes that are reshaping industries, even entire economies. Deglobalization, supply chain shifts, frenetic investment in AI and looming disruption from the adoption of the technology, rapid energy transformation, and the transition to super aged populations as longevity drives investment in innovative healthcare and better nutrition are just some of the overarching themes. Asia's transformation is a story every global investor needs to follow and look for opportunities in. Tim Chan: So, what are the overarching themes, when you look at Asia Pacific? For example, what are the key themes that you're seeing in terms of driving the equity return and the market trend that you're seeing? Daniel Blake: We're approaching the Asia thematic opportunity from the framework of a competitive reinvention. It's competitive because this is deeply rooted in the cultural and business norms across much of the region, which has had an export focus through the modernization process in Japan, and more broadly with the emergence of the Asia Tigers. But we're seeing this competition really stepping up another notch. As countries look at how they can take market share in emerging technologies, and also this overarching competition between the U.S. and China, which sits at the heart of the multipolar world theme we've been laying out in recent years. We're also seeing a reinvention of development strategies of corporate governance frameworks and of capital markets to try to better improve the financial supply chain, to see the capital raising the capital allocation process improved and ultimately drive better returns for an aging population. So, Tim, you've been very focused on the corporate governance improvements that were seen in much of the region. Take us through what you think is most compelling and most important for investors to note. Tim Chan: I think governance reforms is a really key thing for Asia Pacific. Take an example in Japan, in the past we have done some correlation analysis between the major governance factors and what are driving the return. What we have found is that, first of all, there is a significant alpha potential from online companies with leading governance metrics and also companies that may improve their governance metrics over time. So, if we look at the independence of board of directors as an example. There is a positive correlation between the total return and also the independence in Japan market. And overall, we are seeing a major government improvement. As Daniel you have mentioned, China, Korea, India, and Singapore, and Japan as well – all these markets together account for over 70 percent of the market cap in MS Asia Pacific in index. So that's why, we think the governance reform is really driving the return of Asia Pacific as a whole. Daniel, after talking about the governance reform and capital market reform, I know multipolar level is also a key theme for Asia Pacific. So, what you are seeing in terms of multipolar level in Asia Pacific? Daniel Blake: So, the multipolar world theme has come back to the foreground in 2025 as trade tensions have risen, as deal making has been struck or attempted. And we've seen the concept of weaponized interdependence really being proven out in the second quarter of 2025, as China has been in recent years, implementing frameworks for export controls and leverage these quite effectively. So economic security initiatives have come back to the focus for investors. Over recent years, we've seen a number being set up across the region, including Japan's Economic Security Promotion Act, the Self-Reliant India framework, and South Korea's Supply Chain Stabilization Act, as well as Australia's National Reconstruction Fund. So, we see a number of investment opportunities flowing from these reforms. Ultimately the critical mineral and permanent magnet supply chain is very much in focus, but we're also expecting to see semi localization. So, semiconductor localization efforts are continuing to drive investment and activity. Naturally, defense has been a key area of focus for investors in 2025, and overall we see defense spending rising in Asia from 600 U.S. billion dollars in 2024 to [$]1 trillion in 2030.So, Tim, the energy security theme fits as part of this overall future of energy theme that you've been exploring with the team. How do you see this intersection with the multipolar world and what are the key investment opportunities? Tim Chan: For the future of energy, I think the energy story is really at the core of Asia multipolar world positioning. Take an example, we are seeing for Southeast Asia, the region is importing gas from U.S., and then also Korea and Japan are also trying to export their nuclear technology to the Western world as well. I think all these have a part to play in the multipolar world; but at the same time, they are also crucial for these countries to meet their own energy target and strategy. In Asia Pacific, when we look at the future of energy, there are a few driving force[s]. One is the very strong growth of renewable energy. Take an example, in India, we are seeing a huge CapEx going into the renewable energy sector and solar sector as well. China is already the biggest market in solar panel. Then also Korea and Japan are developing their nuclear capacity as well. And as I have mentioned, they also export their nuclear technology to the Western world. So, I would say, these Asian countries are balancing the multipolar world priorities with their future of energy target as well. And then there were also lots of opportunities between these dynamics; I will highlight two examples. One is a nuclear renaissance thesis that we have written extensively in the past two years. We have highlighted Japan and Korea being the key beneficiaries under this multipolar world and future of energy dynamics. And then the other would be the gas globalization in Southeast Asia or ASEAN region, where we see opportunities in the gas distributor, gas infrastructure in Southeast Asia. And then gas is going to be much more important when it comes to the energy, security and transition agenda in Southeast Asia region. So we are seeing lots of development in the future of energy in Asia Pacific. But when it comes to the other big theme that is AI. Asia Pacific is also a leader in a global AI race. So, Danny, what are the most reputable trend that you're seeing on a national or regional level? On tech diffusion and AI in Asia Pacific? Daniel Blake: So, the concept of competitive reinvention also is useful in understanding Asia's response to AI and technology diffusion. So, we've seen China in particular, looking to strengthen its position in the development phase of new technologies. And we're also seeing on the export competition front, more incentives to compete for the next phase of supply chain diversification. We're also seeing the emerging class of China MNCs that are sitting at the heart of our China Emerging Frontiers research. And another key area of discussion and research for us is understanding China's unique AI path. Where we're seeing more of a focus on policy makers and corporates playing to strengths in terms of power, data and talent, given the shortages of compute, and at the same time wanting to pursue a localization strategy over the medium term. On the technology front, we think the India stack is also still underappreciated as a digital enabler of opportunities in the New India. And then more broadly, we are looking for companies that we see in Asia that will prove to be AI adoption leaders. So, this underpins a really another key work stream for us in identifying opportunities from AI and tech diffusion into the region. So, Tim, how about when we turn to the theme of longevity, what are the key investment opportunities you see in Asia Pacific? Tim Chan: First of all, let's look at China. So, China is entering a super age society and by 2030, China's elderly population will hit 260 million. So that is a big number, which accounts for 18 percent of the population. And Japan as well, and Korea as well. Korea is already entering the super aged society. And then there have been reform program on healthcare, financial system pension and labor market in order to support these, old aging population. And for Japan, the focus is really on not just living longer but also living more healthy. Take an example, we have done some reports on the healthy food industry in Japan. And how different companies are providing affordable, healthy food to consumer. And we think that will create opportunities for investor, if they would like to look into longevity as a theme. Overall, we are seeing new market in healthcare, pharmaceutical, and affordable healthy food, as well as the reform in the wealth management and pension system that will create opportunities in the financial market as well. And the longevity economy and or the silver economy is becoming a big theme for Asia Pacific for a long time to come. Daniel Blake: Tim, thanks for taking the time to talk. Tim Chan: Yeah, great speaking with you, Daniel. Daniel Blake: 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.

Today's blockchain and cryptocurrency news  Hong Kong–listed China Financial Leasing to raise $11 million for crypto investment platform Standard Chartered estimates $1 trillion could exit emerging market bank deposits for US stablecoins Grayscale enables staking for its spot Ethereum ETFs in the US Abracadabra falls to third major DeFi hack since 2024 ###Gemini Card Disclosure: The Gemini Credit Card is issued by WebBank. In order to qualify for the $200 crypto intro onus, you must spend $3,000 in your first 90 days. Terms Apply. Some exclusions apply to instant rewards in which rewards are deposited when the transaction posts. This content is not investment advice and trading crypto involves risk. For more details on rates, fees, and other cost information, see Rates & Fees. The Gemini Credit Card may not be used to make gambling-related purchases. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of Gangland Wire, Gary Jenkins, a former KCPD Intelligence Detective, is joined by Lydia Jean Kott (LJ), a producer at Pushkin Industries, the company founded by Malcolm Gladwell. LJ brings us inside the making of Chinatown Sting, a gripping new podcast that uncovers the fascinating and little-known story of Chinese organized crime, China White heroin, and characters like Machinegun Johnny in New York's Chinatown during the 1980s. LJ explains how her interest in the case was sparked by a personal connection—her boyfriend's mother was a federal prosecutor involved in the original sting. That legendary case centered on heroin smuggled from Hong Kong into Chinatown, hidden in packages and distributed through a network of mahjong-playing mothers. What began with a flagged parcel at the post office unraveled into a high-stakes undercover investigation. We explore how law enforcement managed to penetrate this tight-knit immigrant community, the risks taken by prosecutors like Beryl Howell, and the difficult moral choices faced by those caught in the middle—including a woman forced to choose between betraying a friend or saving herself. LJ also delves into the history of Chinatowns in America, where family associations and Tongs—formed initially as mutual aid societies—became intertwined with the vice industry. She connects this legacy to gangs like the Flying Dragons and their ties back to organized crime in Hong Kong.   Our discussion is not just about drugs, gangs, and federal stings—it's about storytelling, community, and the pursuit of survival. LJ shares how she and her co-reporter pieced the story together over the course of years of interviews and archival research, giving voice to people often overlooked in the larger mob narrative.   If you're fascinated by organized crime, hidden histories, or the way law enforcement takes on international networks, Chinatown Sting is a podcast you won't want to miss. Listen now on Apple Podcasts, Spotify, YouTube, or your favorite podcast app.   Hit me up on Venmo for a cup of coffee or a shot and a beer @ganglandwire Click here to "buy me a cup of coffee" To go to the store or make a donation or rent Ballot Theft: Burglary, Murder, Coverup, click here To rent Brothers against Brothers, the documentary, click here.  xx Gary Jenkins : [00:00:00] Hey, welcome all you wire tappers. Good to be back here in the studio of Gangland Wire. This is Gary Jenkins. You know, I'm a retired Kansas City police intelligence unit detective turned podcaster. Gary Jenkins : I did a few other things in between, but this is the love of my life here, guys. And I was just talking with our guests that I don't do this for the money, but I do it for fun and, and it is a lot of fun and, and I can tell my guests today. Does it to earn a living, but she does it a lot for fun. She really is into it. Gary Jenkins : So it's Lydia Jean Kott, or we call her lj. Welcome. Lj, L.J. : thank you so much. I'm a huge fan of the show and it's an honor to get to be on it and to get to talk to you. Gary Jenkins : Well, cool. Thank you for that compliment. I really appreciate that. Kind of makes it worthwhile keeping coming back. I get those nice comments on my YouTube channel quite a little bit. Gary Jenkins : That kinda keeps me coming back when I get down a little bit. Anyhow first of all, you're. You're with something called Pushkin, P-U-S-H-K-I-N, which is a Malcolm Gladwell company. I think he started it and had [00:01:00] the first podcast early in the days. Mm-hmm. You know, I'm like one of the earliest I am the earliest Mafia podcast. Gary Jenkins : I think that ever first one had ever started, I believe long before. When did you start? Oh, . 2015, I believe. L.J. : Okay. Yeah. Early, early podcast days, Gary Jenkins : early podcast. I listened to Serial and I thought, man, I think I could do that and tell police stories. Gary Jenkins: Yeah.

This week Christian Angermayer joins the show to discuss the future of crypto, AI & psychedelics. We deep dive into Christian's past during the European debt crisis, why AI & robotics will completely reshape the labor force, Christian's 5 key investment themes, the controversial enhanced games & more. Enjoy! -- Follow Christian: https://x.com/C_Angermayer Follow Santi: https://x.com/santiagoroel Follow Jason: https://x.com/JasonYanowitz Follow Empire: https://twitter.com/theempirepod -- Join the Empire Telegram: https://t.me/+CaCYvTOB4Eg1OWJh Start your day with crypto news, analysis and data from David Canellis. Subscribe to the Empire newsletter: https://blockworks.co/newsletter/empire?utm_source=podcasts -- Crypto's premiere institutional conference returns to London in October 2025. Use code EMPIRE200 for £200 off at checkout: https://blockworks.co/event/digital-asset-summit-2025-london -- Crypto-native institutions and developers demand institutional-grade infrastructure with regulatory clarity and full asset control. Blockdaemon's Earn Stack is a non-custodial platform combining high-performance staking rewards and seamless DeFi integration with no intermediate smart contract or vaults. Programmatically access leading Ethereum & Solana staking rewards, plus DeFi opportunities across lending protocols, DEXs, and AMMs. Book a Demo! -- peaq, the Machine Economy Computer, proudly sponsors the Empire podcast. peaq is home to 60+ apps across 20+ industries and millions of devices, machines, and onchain robots. It powers the world's first tokenized robo-farm, launching soon in Hong Kong, and has launched the Machine Economy Free Zone in Dubai as a Web3 x Robotics x AI innovation hub. For more about peaq, check out www.peaq.xyz -- Katana is a DeFi-first chain built for deep liquidity and high yield. No empty emissions, just real yield and sequencer fees routed back to DeFi users. Pre-deposit now: Earn high APRs with Turtle Club [https://app.turtle.club/campaigns/katana] or spin the wheel with Katana Krates [https://app.katana.network/krates] -- Mantle is pioneering ""Blockchain for Banking"" as a revolutionary new category that sits at the intersection of TradFi and web3. Key elements for Mantle as the ""Blockchain for Banking"": - Transactions posted to the blockchain - Compatibility with TradFi rails - Integrated DeFi features Mantle Network, the access layer — transforms Mantle Network into a purpose-built vertical platform — the blockchain for banking — that enables financial services on-chain. Mantle leads the establishment of Blockchain for Banking as the next frontier. Follow Mantle on X (@Mantle_Official) for the latest updates on Mantle as the 'Blockchain for Banking'. -- (00:00) Intro (03:08) Christian's Origin Story (07:10) The European Sovereign Debt Crisis (12:15) Why The U.S Will Continue To Dominate (20:54) Ads (Blockdaemon, Peaq) (22:06) Christian's AI & Robotics Thesis (39:36) Ads (Blockdaemon, Peaq) (40:48) Why Christian Is All In On Psychedelics (58:00) Ads (Katana, Mantle) (59:37) Christian's 5 Key Investing Themes (01:15:19) Why Life Expectancy Will Increase (01:18:48) The Enhanced Games (01:33:55) Building Friendships & Partnerships -- Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

Andrew and Robert Kissel grew up just four years apart in a family where wealth and competition went hand in hand. Their father, Bill, was a relentless businessman who demanded success from his sons, and both carried that drive into adulthood in very different ways. Rob built his career as a prominent investment banker, while Andrew often looked for shortcuts in the world of real estate. In 1989, Rob married Nancy Keeshin, a spirited and impulsive woman whose personality contrasted sharply with his serious, ambitious nature. When Rob's career took the family to Hong Kong, they appeared to be living the dream among the city's wealthy expatriates. But behind the polished image, cracks in the marriage were starting to show. By November 2003, those tensions reached a breaking point when Rob vanished after a violent fight with Nancy. Soon, the Kissel family name would become infamous on two continents.Today's snack: Apple cinnamon bread Listen to Part 2 today.Sources:McGinnis, Joe. (2007). Never Enough. Simon and Schuster.https://www.youtube.com/watch?v=_R6n5ch-CV0 Paul and Pruehttps://archive.org/details/the-two-mr.-kissels Moviehttps://www.iqair.com/us/hong-kong air pollutionhttps://www.latimes.com/archives/la-xpm-1992-08-09-mn-6170-story.htmlhttp://zonaeuropa.com/20050611_N.htmhttps://www.youtube.com/watch?v=G-pyi8T2Q8M 48 Hours https://www.nytimes.com/2006/04/07/nyregion/recalling-the-failings-of-a-son-lost-in-greenwich.html​​https://www.nytimes.com/2010/02/12/world/asia/12hong.htmlhttps://www.timesunion.com/news/article/Judge-rules-slain-developera-s-estate-is-59465.php?utm_source=chatgpt.comhttps://www.scmp.com/news/hong-kong/law-and-crime/article/3102564/hong-kong-milkshake-murderer-nancy-kissel-loseshttps://www.nytimes.com/2011/03/26/world/asia/26briefs-Milkshake.html?searchResultPosition=3https://nypost.com/2006/07/09/widow-kissels-making-my-life-hell/https://www.greenwichtime.com/news/article/greenwich-andrew-kissel-estate-murder-19725539.phphttps://www.greenwichtime.com/local/article/mass-man-s-20-year-jail-sentence-closes-kissel-1339368.phphttps://nymag.com/news/features/16861/https://www.newspapers.com/image/908640793/?match=1&terms=HANROCK%20Kisselhttps://www.newspapers.com/image/546774307/

What does it really take to transform from a non-runner with asthma into an ultra-endurance legend? Meet Elliot Froidevaux, the coach changing the game for runners in Hong Kong and beyond.We dive deep into:•⁠ ⁠The mental and physical secrets of ultra-endurance•⁠ ⁠The biggest mistakes runners make•⁠ ⁠The unconventional training tactics that actually work. Whether you're a weekend jogger or dreaming of your first 100K, this episode will change the way you think about running, recovery, and resilience.Ready to level up? Hit play and get inspired!

A cooling labor market supports Fed rate cuts and is core to our risk-on stance. U.S. job updates are key, explains BlackRock Investment Institute Senior Economist Nicholas Fawcett, and are now delayed due to the government shutdown. General disclosure: This material is intended for information purposes only, and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities, funds or strategies to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. The opinions expressed are as of the date of publication and are subject to change without notice. Reliance upon information in this material is at the sole discretion of the reader. Investing involves risks. BlackRock does and may seek to do business with companies covered in this podcast. As a result, readers should be aware that the firm may have a conflict of interest that could affect the objectivity of this podcast.In the U.S. and Canada, this material is intended for public distribution.In the UK and Non-European Economic Area (EEA) countries: this is Issued by BlackRock Investment Management (UK) Limited, authorised and regulated by the Financial Conduct Authority. Registered office: 12 Throgmorton Avenue, London, EC2N 2DL. Tel:+ 44 (0)20 7743 3000. Registered in England and Wales No. 02020394. For your protection telephone calls are usually recorded. Please refer to the Financial Conduct Authority website for a list of authorised activities conducted by BlackRock.In the European Economic Area (EEA): this is Issued by BlackRock (Netherlands) B.V. is authorised and regulated by the Netherlands Authority for the Financial Markets. Registered office Amstelplein 1, 1096 HA, Amsterdam, Tel: 020 – 549 5200, Tel: 31-20- 549-5200. Trade Register No. 17068311 For your protection telephone calls are usually recorded.For Investors in Switzerland: This document is marketing material.In South Africa: Please be advised that BlackRock Investment Management (UK) Limited is an authorised Financial Services provider with the South African Financial Services Board, FSP No. 43288.In Singapore, this is issued by BlackRock (Singapore) Limited (Co. registration no. 200010143N). This advertisement or publication has not been reviewed by the Monetary Authority of Singapore. In Hong Kong, this material is issued by BlackRock Asset Management North Asia Limited and has not been reviewed by the Securities and Futures Commission of Hong Kong. In Australia, issued by BlackRock Investment Management (Australia) Limited ABN 13 006 165 975, AFSL 230 523 (BIMAL). This material provides general information only and does not take into account your individual objectives, financial situation, needs or circumstances. Before making any investment decision, you should assess whether the material is appropriate for you and obtain financial advice tailored to you having regard to your individual objectives, financial situation, needs and circumstances. Refer to BIMAL's Financial Services Guide on its website for more information. This material is not a financial product recommendation or an offer or solicitation with respect to the purchase or sale of any financial product in any jurisdictionIn Latin America: this material is for educational purposes only and does not constitute investment advice nor an offer or solicitation to sell or a solicitation of an offer to buy any shares of any Fund (nor shall any such shares be offered or sold to any person) in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities law of that jurisdiction. If any funds are mentioned or inferred to in this material, it is possible that some or all of the funds may not have been registered with the securities regulator of Argentina, Brazil, Chile, Colombia, Mexico, Panama, Peru, Uruguay or any other securities regulator in any Latin American country and thus might not be publicly offered within any such country. The securities regulators of such countries have not confirmed the accuracy of any information contained herein. The provision of investment management and investment advisory services is a regulated activity in Mexico thus is subject to strict rules. For more information on the Investment Advisory Services offered by BlackRock Mexico please refer to the Investment Services Guide available at www.blackrock.com/mx©2025 BlackRock, Inc. All Rights Reserved. BLACKROCK is a registered trademark of BlackRock, Inc. All other trademarks are those of their respective owners.BIIM1025U/M-4875221

In May 2025, we successfully completed the acquisition of Infinity Aviation, the sole fixed-base operator (FBO) of a portfolio of on-airport general aviation hangars in the United States. This marks our first investment in the North American aviation sector. In this NEWSFLASH episode of Keeping it Real Assets, Julie Furber shares insights into Infinity Aviation's business model, the exciting growth potential of Tier 2 and Tier 3 airports, and how we plan to create value with this platform opportunity.  ********************** Important informationThis material is for general information purposes only. It does not constitute investment or financial advice and does not take into account any specific investment objectives, financial situation or needs. This is not an offer to provide asset management services, is not a recommendation or an offer or solicitation to buy, hold or sell any security or to execute any agreement for portfolio management or investment advisory services and this material has not been prepared in connection with any such offer. Before making any investment decision you should consider, with the assistance of a financial advisor, your individual investment needs, objectives and financial situation.  We have taken reasonable care to ensure that this material is accurate, current, and complete and fit for its intended purpose and audience as at the date of publication. No assurance is given or liability accepted regarding the accuracy, validity or completeness of this material and we do not undertake to update it in future if circumstances change.  To the extent this material contains any expression of opinion or forward looking statements, such opinions and statements are based on assumptions, matters and sources believed to be true and reliable at the time of publication only. This material reflects the views of the individual writers only. Those views may change, may not prove to be valid and may not reflect the views of everyone at Igneo Infrastructure Partners or First Sentier Group.  About First Sentier Group  References to 'we', 'us' or 'our' are references to Igneo Infrastructure Partners or First Sentier Group (as applicable). First Sentier Group is a global asset management business which is ultimately owned by Mitsubishi UFJ Financial Group. Igneo Infrastructure Partners is an unlisted infrastructure asset management business and is part of the First Sentier Group.  We communicate and conduct business through different legal entities in different locations. This material is communicated in: Australia and New Zealand by First Sentier Investors (Australia) RE Ltd, authorised and regulated in Australia by the Australian Securities and Investments Commission (AFSL 240550; ABN 13 006 464 428) European Economic Area by First Sentier Investors (Ireland) Limited, authorised and regulated in Ireland by the Central Bank of Ireland (CBI reg no. C182306; reg office 70 Sir John Rogerson's Quay, Dublin 2, Ireland; reg company no. 629188) Hong Kong by First Sentier Investors (Hong Kong) Limited and has not been reviewed by the Securities & Futures Commission in Hong Kong. First Sentier Investors and Igneo Infrastructure Partners are business names of First Sentier Investors (Hong Kong) Limited. Singapore by First Sentier Investors (Singapore) (reg company no. 196900420D) and this advertisement or material has not been reviewed by the Monetary Authority of Singapore. First Sentier Investors (registration number 53236800B) and Igneo Infrastructure Partners (registration number 53447928J) are business divisions of First Sentier Investors (Singapore). United Kingdom by First Sentier Investors International IM Limited, authorised and regulated by the Financial Conduct Authority (reg. no. SC079063, reg office 23 St Andrew Square, Edinburgh, Scotland, EH2 1BB) United States by First Sentier Investors (US) LLC, registered with the Securities Exchange Commission (RIA 801#93167) Other jurisdictions, where this document may lawfully be issued, by First Sentier Investors International IM Limited, authorised and regulated in the UK by the Financial Conduct Authority (FCA ref no. 122512; Registered office: 23 St. Andrew Square, Edinburgh, EH2 1BB; Company no. SC079063).  To the extent permitted by law, MUFG and its subsidiaries are not liable for any loss or damage as a result of reliance on any statement or information contained in this document. Neither MUFG nor any of its subsidiaries guarantee the performance of any investment products referred to in this document or the repayment of capital. Any investments referred to are not deposits or other liabilities of MUFG or its subsidiaries, and are subject to investment risk, including loss of income and capital invested.  © Igneo Infrastructure Partners 

WRIGGLING WORMS, CRAWLING BUGS, SLITHERING SNAKES, WITCHCRAFT, RITUALS, AND BODILY FLUIDS OF EVERY COLOR IMAGINABLE!! Once upon a time, three brothers named Shaw started a film studio in Hong Kong. That studio grew into a Southeast Asian  powerhouse, building its reputation on wuxia, kung fu, period dramas, comedies, and, in the mid '70s, horror. The special Shaw brand of horror, defined by black magic rituals, wild visuals, and exploitation spectacle was, in part, spearheaded by two filmmakers – Ho Meng-Hua and Kuei Chih-Hung.   Join Gabe and special guest host Stefan Hammond, author of Sex & Zen and a Bullet in the Head (with Mike Wilkins, 1996), Hollywood East (2000), and More Sex, Better Zen, Faster Bullets (2020), as they explore the history of the studio and films of these two maverick directors. This is a particularly packed episode, covering Shaw's horror films in general, but focusing mostly on Ho's Black Magic (1975), Black Magic 2 (1976), and The Oily Maniac (1976), and Kuei's Killer Snakes (1974), Hex (1980), Bewitched (1981), and The Boxer's Omen (1983). 00:00 – Intro (a brief history of Shaw and Southeast Asian horror) 20:20 – Ho Meng-Hua, Black Magic, and Black Magic 2 53:52 – The Oily Maniac (and more Ho) 1:01:24 – Kuei Chih-Hung and The Killer Snakes 1:33:28 – Hex, Bewitched, and The Boxer's Omen (and more Kuei) 2:06:32 – Outro

I'm excited to share a brand-new story all about the Mid-Autumn Festival!

Wir sprechen über den Stadtteil Berlin-Mitte und nehmen das kleine Wörtchen "tja" unter die Lupe – mit all seinen Bedeutungen von Resignation bis Schadenfreude. Cari hat eine Video-Empfehlung zum Thema "German Street Slang" und regt sich über Werbung bei Spotify auf. Zum Abschluss beantworten wir eure Fragen: Wie entscheiden wir, was wir als Tourist in einer Stadt angucken, wenn wir nur wenig Zeit haben? Welche Akzente finden wir am einfachsten zu verstehen? Und können wir anhand eines Akzents hören, wo jemand herkommt?   Transkript und Vokabelhilfe Werde ein Easy German Mitglied und du bekommst unsere Vokabelhilfe, ein interaktives Transkript und Bonusmaterial zu jeder Episode: easygerman.org/membership   Sponsor: Lingoda Lingoda: Join the ultimate challenge with Lingoda Sprint and get 50% cash back (or 100% for residents of the US, UK and Hong Kong) while learning German intensively in live classes. Get an additional 20€ discount when you sign up today with our code EASYOCTOBER: try.lingoda.com/EasyGerman_October   Intro: Berliner Stadtteile Everyone Is Moving to Berlin episodes Berlin's Neighborhoods Berlin's Neighborhoods Revisited: It's Really Happening for Lichtenberg   Ausdruck der Woche: tja Tja?? (Reddit)   Empfehlung der Woche Hypeculture: German Street Lang (YouTube)   Eure Fragen Jane aus den USA fragt: Wie entscheiden wir als Tourist, was wir in kurzer Zeit in einer Stadt unternehmen? Niki fragt: Welche Akzente findet ihr am einfachsten zu verstehen/am schönsten? Und könnt ihr hören, woher jemand kommt? Hast du eine Frage an uns? Auf easygerman.fm kannst du uns eine Sprachnachricht schicken.   Support Easy German and get interactive transcripts, live vocabulary and bonus content: easygerman.org/membership

This week, Clara Molot reports from New Haven on the Yale freshman who gave grifting the old college try and scammed her way into the Ivy League school by creating an entirely fake identity. Then Eric Wilson reports from Hong Kong on the latest twists and turns in the horrific murder of a young, aspiring influencer that has captivated the city. And finally, Alexandra Wolfe and Julia Vitale reveal the winners of Air Mail's inaugural Tom Wolfe literary prizes, presented by Montblanc.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Our China Healthcare Analyst Jack Lin discusses how China's biotech surge is reshaping healthcare, investment and innovation worldwide.Read more insights from Morgan Stanley.----- Transcript ----- Jack Lin: Welcome to Thoughts on the Market. I'm Jack Lin, from Morgan Stanley's China Healthcare Team. Today, the boom in China biotech – and how it's not just a headline for China-focused investors, but a story that touches all of us. It is Friday, October 3rd at 2pm in Hong Kong. Many people might not realize this but some of the next generation healthcare innovation is being developed far from Silicon Valley and Wall Street. The medicines you rely on, treatment plans that could shape your family's future, even investment opportunity that can grow your savings. They are all increasingly influenced by China's rapidly evolving biotech sector, which is transitioning from traditional generics manufacturing into the global innovation ecosystem. In fact, China's biotech industry is set to become a major player in the global innovation ecosystem. By 2040, we project China's originated assets could represent about a third of U.S. FDA approvals – up dramatically from just 5 percent today. And the question isn't if China's biotech will matter, but how global patients could benefit; and how consumers and investors worldwide might engage with its impact.What's driving this transformation? Three key components are driving the globalization of China originated drug innovations: cost, accessibility, and innovation quality. Lower cost in China's biotech sector enables more efficient development. Clinical trial quality is improving with regulatory pathways becoming more streamlined, promoting accessibility of China innovation for global markets. Finally, innovation in China's biotech sector is gaining momentum with more regionally developed medicines now eyeing market approval from leading overseas agencies like the U.S. FDA and EMA.This is all to say China is on track to become a key force on the global biotech stage. That said, right now we're also at a crossroads moment as geopolitical tensions between U.S. and China pose potential risks to the flow of innovation. Despite these uncertainties, we see a likely outcome of co-opetition, a blend of competition and collaboration, as global pharma grapples with the dual imperatives of innovation and resilience. Of course, this rapid evolution brings both opportunities and challenges. It's prompting stakeholders around the world to rethink their strategies and collaborations in this shifting landscape of global medical innovation. As the China biotech industry evolves, the choices made by investors, policy makers, and healthcare communities, both within China and globally, will determine the therapies of the future. It is truly a dynamic space, and we'll continue to bring you updates. Thanks for listening to our thoughts on the market. If you enjoy the show, please leave us a review, wherever you listen and share Thoughts on the Market with a friend or colleagues today.

This week Mike Dudas joins the show to discuss why this cycle is nowhere near the top. We deep dive into Mike's thesis when it comes to investing in crypto, his biggest winners this cycle, Flying Tulip's new model for raising capital, stablecoins, NFTs & more. Enjoy! -- Follow Mike: https://x.com/mdudas Follow Santi: https://x.com/santiagoroel Follow Jason: https://x.com/JasonYanowitz Follow Empire: https://twitter.com/theempirepod -- Join the Empire Telegram: https://t.me/+CaCYvTOB4Eg1OWJh Start your day with crypto news, analysis and data from David Canellis. Subscribe to the Empire newsletter: https://blockworks.co/newsletter/empire?utm_source=podcasts -- Crypto's premiere institutional conference returns to London in October 2025. Use code EMPIRE200 for £200 off at checkout: https://blockworks.co/event/digital-asset-summit-2025-london -- Crypto-native institutions and developers demand institutional-grade infrastructure with regulatory clarity and full asset control. Blockdaemon's Earn Stack is a non-custodial platform combining high-performance staking rewards and seamless DeFi integration with no intermediate smart contract or vaults. Programmatically access leading Ethereum & Solana staking rewards, plus DeFi opportunities across lending protocols, DEXs, and AMMs. Book a Demo! -- peaq, the Machine Economy Computer, proudly sponsors the Empire podcast. peaq is home to 60+ apps across 20+ industries and millions of devices, machines, and onchain robots. It powers the world's first tokenized robo-farm, launching soon in Hong Kong, and has launched the Machine Economy Free Zone in Dubai as a Web3 x Robotics x AI innovation hub. For more about peaq, check out www.peaq.xyz -- Timestamps: (00:00) Intro (03:39) 6MV's Investment Thesis (07:15) Pump Fun (15:18) Finding Big Winners This Cycle (23:27) Ads (Blockdaemon, Peaq) (24:36) Why We Haven't Topped (29:03) How Will Crypto Returns Look Over The Next 5 Years? (36:02) Prediction Markets (39:23) What Did Solana Get Wrong? (45:50) Ads (Blockdaemon, Peaq) (46:58) Are Crypto TGEs Broken? (50:30) Flying Tulip Raises $200m: A New Vehicle For Fundraising? (57:46) Does Every Project Need A Token? (01:00:05) Why Mike Is Still Bullish NFTs (01:02:47) Stablecoins (01:06:23) Content Of The Week -- Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

Selling the very rare, collectible wines of the world, Adam Bilbey, SVP, Global Head of Wine & Spirits for Christie's, has a unique view into the state of the wine collector. Adam maps the thought processes and changes in attitude of buyers and sellers of rare wine globally, and he is seeing “green shoots” in the market by mid-2025. Detailed Show Notes: Adam's background - started w/ Berry Bros out of high school (2000) at Heathrow Airport shop, moved to Hong Kong in 2010 w/ Berry Bros, Sotheby's in 2015, Christie's in 2021Christie's is known for fine art, and wine is part of the luxury group (jewelry, handbags, cars), which is 20% of sales, and wine is 10-20% of luxury sales2025 wine auction marketChristie's up 2x YOY Aug YTD, big single-owner sales (e.g., Bill Koch)Challenging market mid 2022-2024, newer vintage prices dropping more, more supply availableIn a downturn, buyers' price expectations fall faster than sellers'“Green shoots” in 2025, pricing bottoming outBurgundy has taken share from Bordeaux last 5-6 years, Champagne came up and leveled off, Italy is strong in the US but not in Asia, Burgundy is strong in Asia, but leveled offInterest in more mature vintages, particularly Bordeaux, is still valued thereFocus on provenance, people won't bid on poor provenance anymore2-tier pricing, people paying for a premium for a great collection, single-owner sales, they like the story of who owned the winesWith a more global market than ever, people buy from anywhereThe US has a broader selectionEveryone buys from the UKAsia tends to need more focus (e.g., Burgundy)Liv-ex shows -10% pricing last year, -20% last 2 years; auction prices move gradually, often lots don't sellMore Millennials and Gen Z customers (45% 2025 from 30% 2022)Female customers have been consistent last 4-5 years, a slight dip in the US, and growing in AsiaYounger generations are drinking younger wines, they like the security of younger wines, have a fear of disappointment in older bottlesOnline auctions require ease of useChristie's does 2x online auctions vs liveLive auctions for key moments, key collectionsVarious owner sales in online auctionsProvenance is improving with more communication (e.g., purchase & storage records), people working together (merchants, auction houses), and technology (digital microscopes, UV light, carbon dating)Provenance is critical, as people remember the bad bottles sold to them over the good onesBelieves China will make a comeback in the next 2-4 years Hosted on Acast. See acast.com/privacy for more information.

Our Chief China Equity Strategist Laura Wang discusses how China's new approach to economic development is transforming domestic industries and reshaping the global investment landscape.Read more insights from Morgan Stanley.----- Transcript ----- Welcome to Thoughts on the Market. I'm Laura Wang, Morgan Stanley's Chief China Equity Strategist.Today – a consequential shift in China's economic policy is set to reshape domestic markets and send ripples across the global economy.It's Thursday, October 2nd at 2pm in Hong Kong.If you're an investor, it's important to understand China's new approach to economic development. The government's policies to drive a recovery from an economic slump are changing the rules of competition, profitability and growth. This affects Chinese companies, and in turn global supply chains and investment flows.Let's start with the term involution – what is it? In China, involution describes a cycle of excessive competition—think companies fighting for market share by slashing prices, ramping up production, and eroding profits, often to the point where nobody wins. The government's anti-involution campaign is a direct response to this problem.What factors prompted the launch of this anti-involution initiative? Since 2021, China has faced mounting deflationary pressures—falling prices, a housing market slump, and a surge in manufacturing investment that led to overcapacity. The September 2024 policy pivot began to address these issues, and in mid-2025 the government launched a more targeted anti-involution campaign. This phase focuses on reducing excessive competition and restoring pricing power through market-based consolidation.As we assess the potential effectiveness of China's anti-involution policy, our base case projects China's return on equity (ROE) to reach 13.3 percent by 2030, up from a cycle low of 10 percent in May 2024 and 11.6 percent by July 2025. In a bullish scenario, decisive reforms and demand-side stimulus could push ROE as high as 16.3 percent.We also expect earnings growth to accelerate, with our base case showing an annual growth rate (CAGR) of 7.6 percent in 2025, rising to 11.1 percent by 2027. We forecast valuations to normalize towards 12–13x forward price-to-earnings, in line with emerging market peers, but this could re-rate higher if reforms succeed.In terms of investment opportunities, we believe the EV Batteries industry will benefit the most from the Chinese government's anti-involution efforts. It's got strong policy support, cutting-edge technology, and a market that's consolidating fast—meaning the days of low-quality and excess capacity are fading. We're seeing a shift toward long-term, sustainable growth. Steel and Cement are industries where the state has a strong hand and capacity controls are well established. These factors help stabilize the market and open the door for steady gains. Finally, Airlines. While the industry has faced persistent losses, there isn't a[n] oversupply of seats, and regulatory coordination is strong. With the right reforms, Airlines could be poised for a significant turnaround.The sectors best positioned to benefit from China's anti-involution strategy are more domestically oriented. But this policy is bound to have global implications. And the ripples will likely extend to global supply chains, especially in Materials, Chemicals and Autos.Looking ahead, the pace and success of anti-involution will depend on further structural reforms, demand-side support, and the ability to digest industrial credit risks gradually. The upcoming 15th Five-Year Plan could bring more clarity on tax, social welfare, and local government incentives.So, what should investors be paying attention to? China's anti-involution campaign is more than a policy tweak—it's a recalibration of how the country balances growth, innovation, and sustainability. The key is to track sector-level reforms, watch for signs of consolidation, and focus on companies with strong fundamentals and policy tailwinds.Thanks for listening. If you enjoy the show, please leave us a review wherever you listen and share Thoughts on the Market with a friend or colleague today.

Dreaded continuity! We're following up Episode 41 from seven years ago about the games that started our love for board games! After those first loves, what really got our hearts aflutter with the joy that the hobby had to offer? Before we yearn, we talk about Der Fliegende Holländer, and The Hobbit: There and Back Again. 02:52 - Der Fliegende Holländer 16:03 - The Hobbit: There and Back Again 27:14 - The games that made us 29:11 - Deception: Murder in Hong Kong 32:54 - Mage Knight Board Game 36:33 - Francis Drake 39:33 - Two Rooms and a Boom 42:44 - Survive: Escape from Atlantis! 46:46 - Grand Austria Hotel 49:53 - Dead Last 55:26 - Rising Sun Get added to the BGB community map at: https://boardgamebarrage.com/map Send us topic ideas at: https://boardgamebarrage.com/topics Check out our wiki at: https://boardgamebarrage.com/wiki Join the discussion at: https://boardgamebarrage.com/discord Join our Facebook group at: https://boardgamebarrage.com/facebook Get a Board Game Barrage T-shirt at: https://boardgamebarrage.com/store

Nick is joined by ITV's Oli Bell to look behind today's racing headlines. With the Arc just days away, Nick catches up with three-handed Francis Graffard, who also makes positive noises about Zarigana in the Foret. Also today, P-Y Bureau, racing manager to the Wertheimers, assesses the relative merits of Sosie and last year's runner-up Aventure, while Richard Thompson delights in a first ever Cheveley Park Arc runner in Estrange. Plus, RMG CEO Nick Mills on the new ITV deal, Goffs Group CEO Henry Beeby wraps up the Orby sale, and JA McGrath has the latest from Hong Kong.

In the second of a two-part episode, Morgan Stanley's chief economists talk about their near-term U.S. outlook based on tariffs, labor supply and the Fed's response. They also discuss India's path to strong economic growth.Read more insights from Morgan Stanley.----- Transcript ----- Seth Carpenter: Welcome to Thoughts on the Market. I'm Seth Carpenter, Morgan Stanley's Global Chief Economist. Yesterday I sat down with my colleagues, Mike Gapen, Chetan Ahya and Jens Eisenschmidt, who cover the U.S., Asia, and Europe respectively. We talked about... Well, we didn't get to the U.S. We talked about Asia. We talked about Europe. Today, we are going to focus on the U.S. and maybe one or two more economies around the world. It's Wednesday, October 1st at 10am in New York. Jens Eisenschmidt: And 4pm in Frankfurt. Chetan Ahya: And 10 pm in Hong Kong. All right, gentlemen. So yesterday we talked a lot about China, the anti-involution policy, and what's going on with deflation there. Talked a little bit about Japan and what the Bank of Japan is doing. We shifted over to Europe and what the ECB is doing there – there were lots of questions about deflation, disinflation, whether or not inflation might actually pick up in Japan. So, [that] was all about soft inflation. Mike, let me put you on the spot here, because things are, well, things are a little bit different in the U.S. when it comes to inflation. A lot of attention on tariffs and whether or not tariffs are going to drive up inflation. Of course, inflation, the United States never got back to the Fed's target after the COVID surge of inflation. So, where do you see inflation going? Is the effect of tariffs – has that fully run its course, or is there still more entrained? How do you see the outlook for inflation in the U.S.? Michael Gapen: Yeah, certainly a key question for the outlook here. So, core PCE inflation is running around 2.9 percent. We think it can get towards 3, maybe a little above 3 by year end. We do not think that the economy has fully absorbed tariffs yet; we think more pass through is coming. The President just announced additional tariffs the other day. We had them factored into our baseline. I think it's fair to say companies are still figuring out exactly how much they can pass through to consumers and when. So, I think the year-on-year rate of inflation will continue to move higher into year end. Hit 3 percent, maybe a little bit above. The key question then is what happens in 2026. Is inflation driven by tariffs transitory – the famous T word; and the year-on-year rate of inflation will come back down? That's what the Fed's forecast thinks; we do as well. But as everyone knows, the Fed has started to ease policy to support the labor market. The economy has performed pretty well, so there's a risk maybe that inflation doesn't come down as much next year. Seth Carpenter: Alright, so tariffs are clearly a key policy variable that can affect inflation. There's also been immigration restriction, to say the least, and what we saw coming out of COVID – when people were reluctant to go back to work, and businesses were reporting lots of shortages of workers – is that in certain services industries, we saw some pressure on prices. So, tariffs mostly affect consumer goods prices. Is there a contribution from immigration restriction onto overall inflation through services? Michael Gapen: I think the answer is yes; and I hesitate there because it's hard to see it in real time. But it is fair to say the average immigrant in the U.S. is younger. They have higher rates of labor force participation. They tend to reside in lower income households. So, they're labor supply heavy in terms of their effect on the economy. And yes, they tend to have larger relative presence in construction and manufacturing. But in terms of numbers, a lot of immigrants work in the service sector, as you note. And services inflation has been to the upside lately, right? So, the surprise has been that goods inflation maybe hasn't been as strong. The pass through from tariffs has been weaker. But in terms of upside surprises in inflation, it's common services and in many cases, non-housing related services. So, I'd say there's maybe some nascent signs that immigration controls may be keeping services prices firmer than thought. But may be hard to tie that directly at the moment. So, it's easier to say I think immigration controls may prevent inflation from coming down as much next year. It's not altogether clear how much they're pushing services inflation up. I think there's some evidence to support that, and we'll have to see whether that continues. Seth Carpenter: Alright, so we're seeing higher costs and higher prices from tariffs. We're seeing less labor supply when it comes to immigration. Those seem like a recipe for a big slowdown in growth, and I think that's been your forecast for quite some time – is that the U.S. was going to slow down a lot. Are we seeing that in the data? Is the U.S. economy slowing down or is everything just fine? How are you thinking about it? And what's the evidence that there's a slowdown and what are maybe the counterarguments that there's not that much of a slowdown? Michael Gapen: Well, I think that the data doesn't support much of a slowdown. So yes, the economy did moderate in the first half of the year. I think the smart thing to do is average through Q1 and Q2 outcomes [be]cause there was a lot of volatility in trade and inventories. If you do that, the economy grew at about a 1.8 percent annualized rate in the first half of the year, down from about 2.5 percent last year. So, some moderation there, but not a lot. We would argue that that probably isn't a tariff story. We would've expected tariffs and immigration policies to have greater downward pressure on growth in the second half of the year. But to your question, incoming data in the third quarter has been really strong, and we're tracking growth somewhere around 3 percent right now.So, there's not a lot of evidence in hand at present that tariffs are putting significant downward pressure on growth. Seth Carpenter: So those growth numbers that you cite are on spending, which is normally the way we calculate things like GDP, consumption spending. But the labor market, I mean, non-farm payroll reports really have been quite weak. How do you reconcile that intellectual tension on the one hand spending holding up? On the other hand, that job creation [is] pretty, pretty weak. Michael Gapen: Yeah. I think the way that we would reconcile it is when we look at the data for the non-financial corporate sector, what appears to be clear is that non-labor costs have risen and tariffs would reside in that. And the data does show that what would be called unit non-labor costs. So, the cost per unit of output attributable to everything other than labor that rose a lot. What corporates apparently did was they reduced labor costs. And they absorbed some of it in lower profitability. What they didn't do was push price a lot. We'll see how long this tension can go on. It may be that corporates are in the early stages of passing through inflation, so we will see more inflation further out in a slowdown in spending. Or it may be that corporates are deciding that they will bear most of the burden of the tariffs, and cost control and efficiencies will be the order of the day. And maybe the Fed is right to be worried about downside risk to employment. So, I reconcile it that way. I think corporates have absorbed most of the tariff shock to date, and we're still in the early stages of seeing whether or not they will be able to pass it along to consumers. Seth Carpenter: All right, so then let's think about the Fed, the central bank. Yesterday, I talked to Chetan about the Bank of Japan. There reflation is real. Talked to Jens yesterday about the ECB where inflation has come down. So, those other developed market economies, the prescriptions for monetary policy are pretty straightforward. The Fed, on the other hand, they're in a bit of a bind in that regard. What do you think the Fed is trying to achieve here? How would you describe their strategy? Michael Gapen: I would describe their strategy as a recalibration, which is, I think, you know, technical monetary policy jargon for – where their policy stance is now; is not correct to balance risks to the economy. Earlier this year, the Fed thought that the primary risk was to persistent inflation. Boy, the effective tariff rate was rising quickly and that should pass due to inflation. We should be worried about upside risk to inflation. And then employment decelerated rapidly and has stayed low now for four consecutive months. Yes, labor supply has come down, but there's also a lot of evidence that labor demand has come down. So, I think what the Fed is saying is the balance of risks have become more balanced. They need to worry about inflation, but now they also need to worry about the labor market. So having a restrictive policy stance in their mind doesn't make sense. The Fed's not arguing – we need to get below neutral. We need to get easy. They're just saying we probably need to move in the direction of neutral. That will allow us to respond better if inflation stays firm or the labor market weakens. So, a recalibration meaning, you know, we think two more rate cuts into year end get a little bit closer to neutral, and that puts them in a better spot to respond to the evolving economic conditions. Seth Carpenter: All right. That makes a lot of sense. We can't end a conversation this year about the Fed, though, without touching on the fact that the White House has been putting a lot of pressure on the Federal Reserve trying to get Chair Powell and his committee to push interest rates substantially lower than where they are now. Michael Gapen: You've noticed? Seth Carpenter: I've noticed. From my understanding, a lot of people in markets have noticed as well. There's been some turnover among policy makers. We have a new member of the Board of Governors of the Fed. This discussion about Federal Reserve independence. How do you think about it? Is Chair Powell changing policy based on political pressure? Michael Gapen: I don't think so. I think there's enough evidence in the labor market data to support the Fed's shift in stance. We have certainly highlighted immigration controls, what they would mean for the labor force. And how that means even a slowing, growing economy could keep the unemployment rate low. But it's also fair to say labor demand has come down. If labor demand were still very strong, you might see job openings higher, you might see vacancies higher. You may even see faster wage growth. So, I think the Fed's right to look at the labor market and say, ‘Okay, on the surface, it looks like a no hire, no fire labor market. We can live with that, but there are some layoffs underneath. There are signs of weakness. Slack is getting created slowly.' So, I think the Fed has solid ground to stand on in terms of shifting their view. But you're right, that looking forward into 2026 with the end of Powell's term as chair and likely turnover in other areas of the board. Whether the Fed maintains a conventional reaction function or one that's perhaps more politically driven remains an open question – and I think is a risk for investors. Seth Carpenter: I want to change things up a lot here. Chetan, yesterday you and I talked about China. We talked about Japan. Two really big economies that I think are well known to investors.Another economy in Asia that you cover is India. For a long time, we have said India was going to be the fastest growing major economy in the world. Do you still see it to be the case? That India's got a really bright growth outlook? And in the current circumstance with tariffs going on, how do you think India is fairing vis-a-vis U.S. tariffs? Chetan Ahya: So yes, Seth, we are still optimistic about India's growth outlook. Having said that, you know, there are two issues that the economy has been going through. Number one is that the domestic demand had slowed down because of previous tightening of fiscal and monetary policies. And at the same time, we have now seen this trade tensions, which will slow global trade. But also, directly India will be affected by the fact that the U.S. has imposed 50 percent tariff on close to 60 percent of India's exports to the U.S. So, both these issues are affecting the outlook in the near term. We still don't have clarity on what happens on trade tensions, but what we have seen is that the government has really worked quite hard to get the economy going from domestic demand perspective. And so, they have taken up three sets of policy actions. They have reduced household income tax. The central bank has cut interest rates because inflation has been in control. And at the same time, they have now just recently announced reduction in Goods and Services Tax, which is akin to like consumption tax. And so, these three policy actions together we think will drive domestic demand growth from the fourth quarter of this year itself. It will still be not back up to strong growth levels. And for that we still need that solution to trade policy uncertainty. But I think there will be a significant recovery coming up in the next few months. Seth Carpenter: All right. Thanks for that, Chetan. It's such an interesting story going on there in India. Well, Michael, Chetan, thank the three of you for joining me today in this conversation. And to the listeners, thank you for listening. If you enjoy this show, please leave us a review wherever you listen and share Thoughts on the Market with a friend or a colleague today.

HEADLINE: Jimmy Lai's Imprisonment Highlights UK's "Stovepiped" Diplomacy with China GUEST NAME: Mark Clifford 50 WORD SUMMARY: Jimmy Lai, a jailed British citizen and prominent Hong Kong dissident, is a litmus test for freedom. The Starmer government is now showing movement, potentially working with the US for his release. The UK faces criticism for "stovepiping" diplomacy, failing to link Lai's freedom to economic issues, such as China's desired mega embassy. China asserts ownership over Lai based on his ethnicity. 1874 HONG KONG

CBS EYE ON THE WORLD WITH JOHN BATCHELOR THE SHOW BEGINS IN THE DOUBTS ABOUT THE FATE OF GAZA.. 1945N GAZA RAILROAD 9-29-2025 FIRST HOUR 9-915 BILL-ROGGIO-HUSAIN-HAQQANI-9-29.mp3 HEADLINE: Afghanistan Hostage Release, Bagram Debate, and Skepticism on Gaza Peace Plan GUEST NAME: Bill Roggio and Husain Haqqani 50 WORD SUMMARY: Americancitizen Amir Amiri was released by the Taliban, though likely at the cost of a US prisoner. The concept of reclaiming Bagram is viewed as a risky, impractical negotiating ploy. Discussion covered tens of thousands of Afghans left behind. Experts expressed skepticism regarding the Gaza 21-point plan due to many moving parts and Hamas's goals.   915-930 BILL-ROGGIO-HUSAIN-HAQQANI-9-29.mp3 HEADLINE: Afghanistan Hostage Release, Bagram Debate, and Skepticism on Gaza Peace Plan GUEST NAME: Bill Roggio and Husain Haqqani 50 WORD SUMMARY: Americancitizen Amir Amiri was released by the Taliban, though likely at the cost of a US prisoner. The concept of reclaiming Bagram is viewed as a risky, impractical negotiating ploy. Discussion covered tens of thousands of Afghans left behind. Experts expressed skepticism regarding the Gaza 21-point plan due to many moving parts and Hamas's goals. 930-945 MORSE-TAN-9-29.mp3 HEADLINE: South Korea Faces "Techno-Totalitarianism" After Suspicious Data Center FireGUEST NAME: Morse Tan 50 WORD SUMMARY: A suspicious battery blaze paralyzed over 600 South Koreangovernment services, raising questions about server security and the destruction of intelligence. The timing is critical, disabling background checks on Chinese entrants. President Yoon Suk Yeol is strongly allied with the CCP, having purged military leadership. This incident, likened to the Reichstag fire, poses a grave threat to democracy and fosters "techno-totalitarianism."945-1000 MARK-CLIFFORD2-9-29.mp3 HEADLINE: Jimmy Lai's Imprisonment Highlights UK's "Stovepiped" Diplomacy with China GUEST NAME: Mark Clifford 50 WORD SUMMARY: Jimmy Lai, a jailed British citizen and prominent Hong Kong dissident, is a litmus test for freedom. The Starmer government is now showing movement, potentially working with the US for his release. The UK faces criticism for "stovepiping" diplomacy, failing to link Lai's freedom to economic issues, such as China's desired mega embassy. China asserts ownership over Lai based on his ethnicity. SECOND HOUR 10-1015 JANETYN-SAYEH-9-29.mp3 HEADLINE: Iran Faces Full UN Sanctions Snapback; Gen Z Leads Domestic OppositionGUEST NAME: Janet Sayeh 50 WORD SUMMARY: The West successfully enacted UN sanctions "snapback," reimposing sanctions lifted since 2015. The economy is already shocked, though enforcement against illicit networks depends on Washington. Iran may risk Israeli military action by continuing its nuclear program. Gen Z has categorically rejected the regime, leading major uprisings. The opposition is actively working to encourage defections within the security establishment.V 1015-1030 JANET-SAYEH-9-29.mp3 HEADLINE: Iran Faces Full UN Sanctions Snapback; Gen Z Leads Domestic OppositionGUEST NAME: Janet Sayeh 50 WORD SUMMARY: The West successfully enacted UN sanctions "snapback," reimposing sanctions lifted since 2015. The economy is already shocked, though enforcement against illicit networks depends on Washington. Iran may risk Israeli military action by continuing its nuclear program. Gen Z has categorically rejected the regime, leading major uprisings. The opposition is actively working to encourage defections within the security establishment.1030-1045 DAVID-DAOUD-9-29.mp3 HEADLINE: IDF Faces Urban Combat; Hezbollah Rearms Aided by Iran; Golan Heights Non-Negotiable GUEST NAME: David Daoud 50 WORD SUMMARY: IDF operations in Gaza face difficulties due to urban fighting, personnel shortages, and international pressure. Hezbollah is actively rearming, supported quietly by Iranian funds and weapons smuggling efforts. The Lebanese government is failing to disarm Hezbollah. Israelmaintains the strategically vital Golan Heights are non-negotiable for the foreseeable future, despite security discussions with the Syrian government. 1045-1100 DAVID-DAOUD-9-29.mp3 HEADLINE: IDF Faces Urban Combat; Hezbollah Rearms Aided by Iran; Golan Heights Non-Negotiable GUEST NAME: David Daoud 50 WORD SUMMARY: IDF operations in Gaza face difficulties due to urban fighting, personnel shortages, and international pressure. Hezbollah is actively rearming, supported quietly by Iranian funds and weapons smuggling efforts. The Lebanese government is failing to disarm Hezbollah. Israelmaintains the strategically vital Golan Heights are non-negotiable for the foreseeable future, despite security discussions with the Syrian government. THIRD HOUR 1100-1115 BLAINE-HOLT-9-29.mp3 HEADLINE: Russian Probes, European Escalation Rhetoric, and the Threat of Drone Swarms GUEST NAME: General Blaine Holt 50 WORD SUMMARY: Russian aircraft regularly probe the Alaskan ADIZ, met by US F-16s. Standardized procedures minimize miscalculation risk. Reckless rhetoric from European allies threatens escalation by suggesting shooting down Russian jets violating NATO airspace. European defense ministers are planning a "drone wall" to counter massive Russian drone swarms, which Ukraine currently cannot defeat. 1115-1130 BLAINE-HOLT-9-29.mp3 HEADLINE: Russian Probes, European Escalation Rhetoric, and the Threat of Drone Swarms GUEST NAME: General Blaine Holt 50 WORD SUMMARY: Russian aircraft regularly probe the Alaskan ADIZ, met by US F-16s. Standardized procedures minimize miscalculation risk. Reckless rhetoric from European allies threatens escalation by suggesting shooting down Russian jets violating NATO airspace. European defense ministers are planning a "drone wall" to counter massive Russian drone swarms, which Ukraine currently cannot defeat. 1130-1145 ALEJANDRO-PENA-ESCLUSA-9-29.mp3 HEADLINE: Venezuela's Crisis and Maduro's Drug Cartel: US Intervention Anticipated GUEST NAME: Alejandro Peña Esclusa 50 WORD SUMMARY: Venezuela is enduring a humanitarian crisis under Nicolás Maduro, leader of the Cartel of the Suns. The elected opposition, Edmundo González and María Corina Machado, have publicly authorized US intervention. Maduro's desperate letter to Trumpwas rejected as full of lies. Regional allies like Lula and Petro fear US action and indirectly try to save Maduro. 1145-1200 ALEJANDRO-PENA-ESCLUSA-9-29.mp3 HEADLINE: Venezuela's Crisis and Maduro's Drug Cartel: US Intervention Anticipated GUEST NAME: Alejandro Peña Esclusa 50 WORD SUMMARY: Venezuela is enduring a humanitarian crisis under Nicolás Maduro, leader of the Cartel of the Suns. The elected opposition, Edmundo González and María Corina Machado, have publicly authorized US intervention. Maduro's desperate letter to Trumpwas rejected as full of lies. Regional allies like Lula and Petro fear US action and indirectly try to save Maduro. FOURTH HOUR 12-1215 AHMAD-SHARAWI-9-29.mp3 HEADLINE: Al-Sharaa Seeks Normalization at UN Amid Sanctions and Domestic Tensions GUEST NAME: Ahmad Sharawi 50 WORD SUMMARY: Syrian strongman Al-Sharaa visited the UNseeking international normalization and to consolidate domestic power. He met world leaders and sought removal of Caesar sanctions, though Congress must approve this. World leaders mostly ignored questions about massacres. Major powers remain in Syria, and Kurds are negotiating integration, while Israel pursues a security agreement. 1215-1230 AHMAD-SHARAWI-9-29.mp3 HEADLINE: Al-Sharaa Seeks Normalization at UN Amid Sanctions and Domestic Tensions GUEST NAME: Ahmad Sharawi 50 WORD SUMMARY: Syrian strongman Al-Sharaa visited the UNseeking international normalization and to consolidate domestic power. He met world leaders and sought removal of Caesar sanctions, though Congress must approve this. World leaders mostly ignored questions about massacres. Major powers remain in Syria, and Kurds are negotiating integration, while Israel pursues a security agreement. 1230-1245 BRIDGET-TOOMEY-9-29.mp3 HEADLINE: Houthi Attacks Escalate: Targeting Shipping and Deploying Cluster Munitions GUEST NAME: Bridget Toomey 50 WORD SUMMARY: The Houthis struck a Netherlands-flagged cargo ship in the Gulf of Aden. The international community is quiet, as the Houthis interpret the US ceasefire as full permission to target Israel. They are also deploying cluster munition warheads on ballistic missiles against Israel. Houthisystems seem to be improving, penetrating Israeli defenses. CENTCOM considers the current US hands-off policy a strategic defeat. 1245-100 AM KEVIN-FRAZIER-9-29.mp3 HEADLINE: Russian Spy Ships Target Vulnerable Undersea Communication CablesGUEST NAME: Kevin Frazier 50 WORD SUMMARY: Undersea cables are highly vulnerable to sabotage or accidental breaks. Russia uses sophisticated naval technology, including the spy ship Yantar, to map and potentially break these cables in sensitive locations. The US is less vulnerable due to redundancy. However, protection is fragmented, relying on private owners who often lack incentives to adopt sophisticated defense techniques.

November 7th, 2003. Hong Kong, China. Police found the body of 40-year-old investment banker Robert Kissel wrapped in a carpet in his family's storage unit. Suspicion turned to his wife Nancy, who stood to gain around $18 million from her husband's estate.For bonus episodes and outtakes visit: patreon.com/generationwhySee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Moldova's pro-European party has won a new majority in parliament after elections seen as critical for the country's future path to the EU. President Maia Sandu warned of "massive Russian interference" after voting on Sunday and said the future of her country was at stake. Also: A new US peace plan for Gaza, promoted by President Trump, would encourage Palestinians to remain in the territory and speaks of eventual Palestinian statehood, but neither Israel nor Hamas has given a conclusive response. The mayor of New York City, Eric Adams, has ended his bid for re-election. The first rollout of the HPV vaccine in Pakistan, designed to protect women against cervical cancer, has been hit by misinformation. The Hong Kong pro-democracy activist Nathan Law says he's been denied entry to Singapore. Switzerland has narrowly approved a plan to introduce electronic identity cards. Plus, we get the latest from golf's Ryder Cup and cricket's Asia Cup. The Global News Podcast brings you the breaking news you need to hear, as it happens. Listen for the latest headlines and current affairs from around the world. Politics, economics, climate, business, technology, health – we cover it all with expert analysis and insight. Get the news that matters, delivered twice a day on weekdays and daily at weekends, plus special bonus episodes reacting to urgent breaking stories. Follow or subscribe now and never miss a moment. Get in touch: globalpodcast@bbc.co.uk