Podcasts about issuance

Our Head of Corporate Credit Research Andrew Sheets explains why 2026 might bring a credit cycle that burns hotter before it burns out.Read more insights from Morgan Stanley.----- Transcript -----Andrew Sheets: Welcome to Thoughts in the Market. I'm Andrew Sheets, Head of Corporate Credit Research at Morgan Stanley.Today I'm going to talk about our outlook for global credit markets in 2026 and why we think the credit cycle burns hotter before it burns out.It's Friday, December 12th at 2pm in London.Surely it can't go on like this. That phrase is probably coming up a lot as global credit investors sit down and plan for 2026. Credit spreads are sitting at 25 year plus tights in the U.S. and Asia. Issuance in corporate activity are increasingly aggressive. Corporate CapEx is surging. Signs of pressure are clear in the lowest rated parts of the market. And credit investors are trained to worry. Aren't all of these and more signs that a credit cycle is starting to crack under its own weight?Not quite yet, according to our views here at Morgan Stanley. Instead, we think that 2026 brings a credit cycle that burns hotter before it burns out. The reason is partly due to an unusually stimulative backdrop. Central banks are cutting interest rates. Governments are spending more money, and regulatory policy is easing. All of that, alongside maybe the largest investment cycle in a generation around artificial intelligence, should spur more risk taking from a corporate sector that has the capacity to do so.In turn, we think the playbook for credit is going to look a lot like 2005 or 1997-1998. Both periods saw levels of capital expenditure, merger activity, interest rates, and an unemployment rate that are pretty similar to what Morgan Stanley expects next year. And so, looking ahead to 2026, these two periods offer two competing ways to view the year ahead.2025 might be more similar to a period where the low-end consumer really is starting to struggle, but that another force – back then it was China, now it might be AI spending – keeps the broader market humming. 1997 or 1998, on the other hand, would be more similar to a narrative that investors are growing more confident that a new technology is really transformative. Back then, it was the internet and now it's AI.Corporate bond issuance we think will be central to how this resolves itself. This is a strong regional theme and a key driver of our views across U.S., European and Asia Credit. We forecast net issuance to rise significantly in U.S. investment grade up over 60 percent versus 2025 to a total of around $1 trillion.That rise is powered by a continued increase in technology spending to fund AI as well as a broader increase in capital expenditure and merger activity. All of those bonds being sold to the market should mean that U.S. spreads need to move wider to adjust. And that's true, even if underlying demand for credit remains pretty healthy, thanks to high yields, and the economy ultimately holds up.We think this story is a bit better in other areas and regions that have less relative issuance, including European and Asian investment grade and global high yield. They all outperform U.S. investment grade on our forecast. In total returns, we think that all of these markets produce a return of around 4 to 6 percent, and if that's true, it would underperform, say U.S. equities, but outperform cash.More granularly similar to 2025 or 2005, we think that single name and sector dispersion remain major themes. And where you position in maturity should also matter. Credit curves are steep and our U.S. interest rate strategist are expecting the U.S. Treasury curve to steepen significantly Further. That should mean that so-called carry and roll down and where you position on the maturity curve are a pretty big driver of your ultimate result. In our view, corporate bonds between five- and 10-year maturity in both the U.S. and Europe will offer the best risk reward.The most significant risk for global credit remains recession, which we think would argue for wider spreads on both economic rounds, but also through weaker demand as yields would fall. It would mean that our spread forecasts are too optimistic and that our expectation that high yield outperforms investment grade would be wrong. And then there's a milder version of this bear case – that aggression and corporate supply are even stronger than we think, and that creates conditions closer to late 1998 or 1999.Back then, U.S. investment grade spreads were roughly 30 basis points wider than current levels, even though the economy was strong and even though the equity market kept going up.Thank you as always for your time. If you find Thoughts of the Market useful, let us know by leaving a review wherever you listen. And also, please tell a friend or colleague about us today.

Superstate introduces Direct Issuance Programs. Celo activates OP Succinct Lite. Gauntlet supports Ethereum on its USDC Vault. And Deutsche Bank publishes a report on ZK for institutions. Read more: https://ethdaily.io/840 Sponsor: Arkiv is an Ethereum-aligned data layer for Web3. Arkiv brings the familiar concept of a traditional Web2 database into the Web3 ecosystem. Find out more at Arkiv.network Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed.

Thousands of Police issued 'formal warnings' have been scrapped after findings that 63% were issued unlawfully. 'Formal warnings' are used as alternatives to prosecutions where the offence is deemed unworthy of going through the courts. Last week, Police told all staff that compulsory training will be rolled out and an updated policy for formal warnings would be issued by the end of the year. Defence lawyer John Munroe joined Heather du Plessis-Allan to chat about how this happened, and what it means. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Recent new issue municipal debt deals were oversubscribed. Follow UsTwitter @NYLInvestmentsTwitter @MacKayMuniMgrsFacebook @NYLInvestmentsLinkedIn: New York Life InvestmentsLinkedIn: MacKay Municipal ManagersPresented by New York Life Investmentswww.newyorklifeinvestments.com MacKay Municipal Managers is a team of portfolio managers at MacKay Shields. MacKay Shields is 100% owned by NYLIM Holdings, which is wholly owned by New York Life Insurance Company. “New York Life Investments” is both a service mark, and the common trade name, of certain investment advisors affiliated with New York Life Insurance Company. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Russia's Financial Desperation: Failed Bond Issues and Discounted Oil — Michael Bernstam — Bernstamdocuments Russia's systematic struggle to finance its expanding budget deficit and war costs through issuance of "Panda bonds" denominated in Chinese renminbi, efforts that have largely failed as Chinese investors regard Russian sovereign debt as excessively risky. Bernstam documents that Russia's oil revenue is severely constrained by Western sanctions enforcement, forcing Moscow to sell crude petroleum at approximately $40 per barrel compared to global market prices exceeding $60, while the European Union remains gridlocked regarding authorization to utilize frozen Russian assets for Ukrainian defense funding. 1906 NORTHSIDE PEKING

The technology-funding frenzy could become a bust for credit markets if AI falls short of lofty expectations, according to Barclays. “If we get to a point where we see a lot of this issuance coming to the market — and then there’s some changes, where maybe certain things are a little bit less viable or a little bit less attractive — that leads to some downside risks,” Brad Rogoff, the firm’s global head of research, tells Bloomberg News’ James Crombie and Bloomberg Intelligence’s Mike Campellone in the latest Credit Edge podcast. They also discuss “late-cycle” behavior, private-debt risk, asset-based finance and portfolio trades, as well as Barclays’ 2026 forecasts for credit spreads, defaults and global issuance.See omnystudio.com/listener for privacy information.

Welcome to The Chrisman Commentary, your go-to daily mortgage news podcast, where industry insights meet expert analysis. Hosted by Robbie Chrisman, this podcast delivers the latest updates on mortgage rates, capital markets, and the forces shaping the housing finance landscape. Whether you're a seasoned professional or just looking to stay informed, you'll get clear, concise breakdowns of market trends and economic shifts that impact the mortgage world.In today's episode, we look at trends across Agency MBS issuance. Plus, Robbie sits down with ICE's Dana Federspiel for a discussion on the key challenges servicers and subservicers are facing in a rapidly evolving industry, how servicers can achieve greater scalability and efficiency, and which regulatory issues may impact the sector heading into 2026. And we close by looking at what contributed to a positive labor market print this morning.Today's podcast is brought to you by ICE. As the standard for innovation, artificial intelligence, efficiency and scalability, ICE is the technology of choice for the majority of industry participants, defining the future of homeownership. 

In this podcast Francis Diamond, Aditya Chordia and Khagendra Gupta discuss the recent European rate markets moves as well as a variety of different topics: 2026 Euro area issuance, SSAs, Scandi markets and European inflation.   This podcast was recorded on 17 October 2025. This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5103174-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2025 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party. It is permissible to use J.P. Morgan Data for internal business purposes only in an AI system or model that protects the confidentiality of J.P. Morgan Data so as to prevent any and all access to or use of such J.P. Morgan Data by any third-party.

New exemptions. More cement production licenses. What is the startup scene missing? Morning Drive is your daily download of the essential headlines shaping Egypt. From business policy and finance to the latest in tech, all in under 10 minutes. Hosted by ‘Synthetic Salma’ — an AI-powered version of our own Executive Editor Salma El-Saeed. You can read the full newsletter on the website: https://enterprise.news/egypt/en Morning Drive is brought to you by Madinet Masr, GRANITE Financial Holding and Bonyan for Real Estate Investments. Learn more about how you can advertise with EnterpriseAM by emailing Moustafa Taalab mtaalab@enterprisemea.com And check out our other show Making It, where we speak to CEOs and entrepreneurs about building a great business in the region: https://omny.fm/shows/making-it See omnystudio.com/listener for privacy information.

Probate Process  confusion doesn't just slow you down...it stops client relationships before they even start.

The Defense Department has finalized the core rule for its Cybersecurity Maturity Model Certification program, laying out how contractors must safeguard sensitive data. While the framework is now official, the rollout may hinge on the readiness and capacity of third-party assessors. Here to explain what's in the rule and what comes next is , partner at Hunton, Andrews, Kurth--Eric Crusius.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Karen Veraa-Perry discusses the state of the fixed Income Market and ETFs, amid historically low yields and heightened rates volatility. With decades of low yields behind us, investors are now faced with higher rates and macro volatility. Perry believes the fixed income market is taking recent data releases in stride, with a focus on the Fed's next move.======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

Issuance is up, the curve is steepening, and tax policy is finally clear—conditions that have muni investors taking a closer look.In this episode, host Chris Roberti is joined by Matt Hage, Portfolio Manager at MacKay Municipal Managers, for a timely look at market dynamics and positioning. Matt shares why issuance is running 20% above last year's record pace, how shifts in the curve are opening long-term opportunities, and what the “One Big Beautiful Bill” means for tax policy and sector risk. They also discuss credit fundamentals, potential catalysts for a rally, and why active management may be better equipped than passive strategies in today's environment.Follow UsTwitter @NYLInvestmentsTwitter @MacKayMuniMgrsFacebook @NYLInvestmentsLinkedIn: New York Life InvestmentsLinkedIn: MacKay Municipal ManagersPresented by New York Life Investmentswww.newyorklifeinvestments.comMacKay Municipal Managers is a team of portfolio managers at MacKay Shields. MacKay Shields is 100% owned by NYLIM Holdings, which is wholly owned by New York Life Insurance Company. “New York Life Investments” is both a service mark, and the common trade name, of certain investment advisors affiliated with New York Life Insurance Company.SMRU: 8252992.1

Host Jennifer Sanasie breaks down the latest news in the crypto industry as Base has surpassed Solana in daily token introductions.Base has surpassed Solana in daily token introductions, launching 54,341 on July 27, more than double Solana's 25,460, according to Dune Analytics. Plus, French lawmakers look into bitcoin mining with surplus nuclear energy and the disappearing Satoshi statue in Lugano. CoinDesk's Jennifer Sanasie hosts “CoinDesk Daily.”-Midnight is introducing a novel approach to token distribution. The Midnight Glacier Drop is a multi-phase distribution of the NIGHT token, aimed at empowering a broad, diverse community to build the future of the Midnight network. Holders of ADA, BTC, ETH, SOL, XRP, BNB, AVAX and BAT are eligible to participate in the first phase.Help usher in the next generation of blockchain with rational privacy and cooperative tokenomics on the Midnight network. To learn more, visit midnight.gd and prepare for the Midnight Glacier Drop.-This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Ruari Ewing, Senior Director, Market Practice and Regulatory Policy, ICMA, narrates ICMA's response to the European Commission's SIU consultation questions on issuance (including PRIIPs).  

By Artemis.bm's figures, annual catastrophe bond issuance across all the types of deals we track has now shattered the previous full-year record in just over six months in 2025. At over $17.8 billion, new issues of Rule 144A catastrophe bonds and private cat bonds have broken the record set in full-year 2024. The outstanding cat bond market has grown by roughly 15% since the end of last year and average cat bond deal sizes are up notably as well. Listen to this podcast episode for more insights into the record year of catastrophe bond issuance in 2025, according to Artemis.bm's data.

23rd June: Blockchain DXB podcastt

The process for obtaining a warrant to raid someone's home by federal law enforcement agencies generally follows these steps:Investigation: Law enforcement agencies conduct an investigation to gather evidence that suggests criminal activity is occurring at the target location.Probable Cause: Law enforcement must establish probable cause, meaning they must have sufficient evidence to believe that a crime has been committed and that evidence of the crime is likely to be found at the target location.Affidavit: A law enforcement officer presents an affidavit to a judge or magistrate. This affidavit outlines the facts and evidence supporting the request for a search warrant. It typically includes details about the suspected criminal activity, the target location, and the specific evidence or contraband believed to be present.Review by Judge: The judge or magistrate reviews the affidavit to determine if there is probable cause to issue a search warrant. The judge may ask for additional information or clarification before making a decision.Issuance of Warrant: If the judge finds sufficient probable cause, they will issue a search warrant authorizing law enforcement to conduct a raid on the target location. The warrant specifies the scope of the search, including what areas of the premises can be searched and what items can be seized.Execution of Raid: Law enforcement officers execute the raid in accordance with the terms of the warrant. They must conduct the search within the parameters set forth in the warrant and may seize any evidence or contraband found during the search that is within the scope of the warrant.Regarding the evidence needed to obtain a search warrant, it typically includes specific information that establishes probable cause, such as:Witness statementsSurveillance footagePhysical evidenceFinancial recordsInformation obtained from informantsResults of undercover operationsExpert testimonyThe evidence presented must be reliable and credible enough to persuade a judge that there is a fair probability that evidence of a crime will be found at the target location. The level of evidence required is higher than mere suspicion but lower than beyond a reasonable doubt, which is the standard of proof required for a criminal conviction.In this episode we take a look at the raid and what the feds were hoping to find during the execution of the warrant.   (commercial at 9:46)to contact me:bobbycapucci@protonmail.comsource:Inside the raids at Sean 'Diddy' Combs' estates - Los Angeles Times (latimes.com)

The process for obtaining a warrant to raid someone's home by federal law enforcement agencies generally follows these steps:Investigation: Law enforcement agencies conduct an investigation to gather evidence that suggests criminal activity is occurring at the target location.Probable Cause: Law enforcement must establish probable cause, meaning they must have sufficient evidence to believe that a crime has been committed and that evidence of the crime is likely to be found at the target location.Affidavit: A law enforcement officer presents an affidavit to a judge or magistrate. This affidavit outlines the facts and evidence supporting the request for a search warrant. It typically includes details about the suspected criminal activity, the target location, and the specific evidence or contraband believed to be present.Review by Judge: The judge or magistrate reviews the affidavit to determine if there is probable cause to issue a search warrant. The judge may ask for additional information or clarification before making a decision.Issuance of Warrant: If the judge finds sufficient probable cause, they will issue a search warrant authorizing law enforcement to conduct a raid on the target location. The warrant specifies the scope of the search, including what areas of the premises can be searched and what items can be seized.Execution of Raid: Law enforcement officers execute the raid in accordance with the terms of the warrant. They must conduct the search within the parameters set forth in the warrant and may seize any evidence or contraband found during the search that is within the scope of the warrant.Regarding the evidence needed to obtain a search warrant, it typically includes specific information that establishes probable cause, such as:Witness statementsSurveillance footagePhysical evidenceFinancial recordsInformation obtained from informantsResults of undercover operationsExpert testimonyThe evidence presented must be reliable and credible enough to persuade a judge that there is a fair probability that evidence of a crime will be found at the target location. The level of evidence required is higher than mere suspicion but lower than beyond a reasonable doubt, which is the standard of proof required for a criminal conviction.In this episode we take a look at the raid and what the feds were hoping to find during the execution of the warrant.   (commercial at 9:46)to contact me:bobbycapucci@protonmail.comsource:Inside the raids at Sean 'Diddy' Combs' estates - Los Angeles Times (latimes.com)Become a supporter of this podcast: https://www.spreaker.com/podcast/the-epstein-chronicles--5003294/support.

With foreign student visas at Harvard and elsewhere in the news, today's episode of Parsing Immigration Policy features Andrew Arthur, the Center for Immigration Studies fellow in law and policy, providing a crash course on the subject. He explains the foreign student admissions process, the responsibilities of schools certified to enroll foreign students, and recent policy issues. With over one million foreign students studying (and working) in America, this episode covers the national security implications of not having proper knowledge of who is being brought in and what they are doing while in the U.S.Key topics covered:Admissions OverviewThe role of the Student and Exchange Visitor Program (SEVP)Student's Application to SEVP-certified institutions.Issuance of Form I-20 upon acceptance.Visa application at U.S. consulates.Which branch controls visa issuance?Role of Designated School Officials (DSOs)A DSO plays the role of a "deputized immigration officer."Monitoring student status via SEVIS.Reporting changes in enrollment or course of study.Conflict of interest? Balancing institutional responsibilities with immigration compliance.Optional Practical Training (OPT)Students working under the OPT program are still on student visas.Will these students lose their ability to be employed as cheap labor?Policy ChallengesWhy did the Trump administration revoke Harvard University's SEVP certification?Potential impact/lack of impact of the District Court's temporary restraining order (TRO).Impact on other schools.In today's commentary, Mark Krikorian, podcast host and executive director of the Center, highlights today's main illegal immigration challenge: visa overstays. He cites the recent Colorado attack committed by a visa overstayer as an example of the importance of action and describes some of the solutions which are in the reconciliation bill.HostMark Krikorian is the Executive Director of the Center for Immigration StudiesGuestAndrew Arthur is the Resident Fellow of Law and Policy at the Center for Immigration Studies.RelatedDHS Pulls Harvard's Student-Visa Certification Authority Controversial DHS Program Allows Foreign Students to Train in Sensitive Fields There Are 1.5 Million Foreign Students in the United States (and Over a Third Have Work Authorization) Not all illegal-alien criminals are border-jumpersIntro MontageVoices in the opening montage:Sen. Barack Obama at a 2005 press conference.Sen. John McCain in a 2010 election ad.President Lyndon Johnson, upon signing the 1965 Immigration Act.Booker T. Washington, reading in 1908 from his 1895 Atlanta Exposition speech.Laraine Newman as a "Conehead" on SNL in 1977.Hillary Clinton in a 2003 radio interview.Cesar Chavez in a 1974 interview.House Speaker Nancy Pelosi speaking to reporters in 2019.Prof. George Borjas in a 2016 C-SPAN appearance.Sen. Jeff Sessions in 2008 comments on the Senate floor.Candidate Trump in 2015 campaign speech.Charlton Heston in "Planet of the Apes".

As Artemis.bm continues to track catastrophe bond market activity through this very busy year of 2025, total settled issuance analysed by Artemis has already surpassed $15 billion, while the outstanding cat bond market has grown by 15.5% since the end of 2024. Catastrophe bond issuance is breaking all records so far in 2025, with now $15.025 billion of offerings settled across Rule 144A cat bonds and the few privately placed deals Artemis has tracked. Impressively, the level of issuance now settled in 2025 has already broken the record for first-eleven month issuance. Meaning, in every previous year the catastrophe bond market has existed, Artemis hadn't ever seen that volume of deals settle between January and the end of November. Given we are still at the end of May, with a whole month to run until the middle of 2025, it's clear the first-half cat bond issuance record is being broken by a particularly significant margin. The previous record for first-half cat bond issuance came in 2024, when just over $12.6 billion of deals were tracked by Artemis. Remember you can use all the interactive charts and visualisations over at www.artemis.bm to analyse catastrophe bond issuance, the outstanding market and view leaderboards of the top cat bond sponsors and service providers. Cat bond issuance settled in the month of May has reached a significant record high of almost $5.9 billion in 2025. Which beats the previous record for the month by approaching $2 billion. It also makes May 2025 the biggest single month of catastrophe bond issuance in the market's history, another very notable record that has been soundly broken this year. The rapid rate of catastrophe bond market activity seen in 2025 has also helped to propel the size of the market considerably higher already. Recall that 2025 has seen the highest level of cat bond maturities ever for the first-half, but the market has outpaced that with new issuance, to grow by around 15.5% since the end of 2024. Artemis' measure for the outstanding cat bond market, which does include some private deals and also may not factor in all principal reductions, or extensions of maturity, as we don't always receive that data, has now reached just over $57.12 billion. Which, as Artemis said, represents 15.5% growth in the outstanding catastrophe bond market since December 31st 2024, when the total stood at just under $49.48 billion. Artemis has seen more first-time cat bond sponsors come to market in H1 2025 than any other half-year so far, which has helped to propel this market expansion and growth. Alongside that, repeat sponsors have been issuing larger deals and growing cat bond's share of their reinsurance towers, in some cases, while other sponsors have seen an increased need for reinsurance and grown their cat bond coverage proportionally with that. The catastrophe bond market is well on-course to break the annual issuance record in 2025, as a reminder that stood at almost $17.7 billion by Artemis' numbers for 2024. Whether it is broken will depend on loss activity through the wind season, any other particularly impactful catastrophe losses, or if some kind of disruption to capital markets occurs. However, with only just under $1.6 billion of additional issuance needed to come to market, beyond what we have seen already and what is scheduled in the pipeline for June, it is now hard to think the annual record won't be broken in 2025. Stay tuned to Artemis for critical catastrophe bond market insights as the rest of 2025 progresses!

Radhika Das, IFN Journalist, interviews Nikolai Podguzov, Chairman of the Management Board, Eurasian Development Bank, on Islamic finance as a tool for regional growth, Sukuk issuance, the launch of an Islamic banking window, collaboration with the IsDB Institute and expanding the bank's role in global Islamic finance

This week's Espresso covers news from Credicuotas, Kiwi, Allug, and more!Outline of this episode:[00:30] – Credicuotas secures $33M in bond issuance[00:41] – Kiwi raises $10M and launches in Peru[00:52] – Allugg secures $5.3M FIDC[01:09] – VMetrix raises $3.2M seed round[01:32] – Visma acquires Argentinian HRTech Lara AI[01:47] – Rebalancing the Cap Table When a Founder Leaves the BandResources & people mentioned:Startups:  Credicuotas, Kiwi, Allugg,  VMetrix, Visma, Lara AI VCs: BIND | Financial Solutions, BIND Inversiones, Oslo DTVM, Kayyak, Nazca

Issuance for taxable muni's is up 29% compared to the same time last year Follow UsTwitter @NYLInvestmentsTwitter @MacKayMuniMgrsFacebook @NYLInvestmentsLinkedIn: New York Life InvestmentsLinkedIn: MacKay Municipal Managers Presented by New York Life Investmentswww.newyorklifeinvestments.com MacKay Municipal Managers is a team of portfolio managers at MacKay Shields. MacKay Shields is 100% owned by NYLIM Holdings, which is wholly owned by New York Life Insurance Company. “New York Life Investments” is both a service mark, and the common trade name, of certain investment advisors affiliated with New York Life Insurance Company.

Chapters00:00 Introduction to Darren Marble and Issuance03:02 Darren's Early Entrepreneurial Journey05:58 The Importance of Rejection in Sales08:53 Building Resilience as a Founder11:47 Lessons from a Cold Rejection14:57 The Role of the Founder in Capital Raising18:06 The Glamour vs. Reality of Being a Founder21:01 Sobriety as a Competitive Advantage25:03 The Breakthrough of Sobriety29:41 Going Public: A New Investment Show40:38 The Resilience of Founders44:36 Defining Success as an Entrepreneur

This latest podcast episode is a bit of an experiment, as we've utilised NotebookLM to transform one of our recent articles that analyses catastrophe bond issuance through April 25th 2025 into an audio podcast episode. Even with a few days to run of the fourth month of the year, catastrophe bond market issuance in 2025 is already on-track to set a new record for issuance through May, as the pipeline of new cat bond deals continues to build. With new catastrophe bond issuances that have completed and settled this week, the total cat bond issuance tracked in the Artemis Deal Directory has already reached almost $8.25 billion this year. But, impressively, the pipeline of new cat bonds slated for completion and settlement up to and including the month of May so far has now reached $3.82 billion. As a result, our forecast for catastrophe bond issuance across Rule 144A cat bonds and the privately placed deals we've tracked so far in 2025 has now reached $12.07 billion, with all of that issuance currently scheduled to settle by the end of the week of May 19th at this stage. Please note, dates of settlement for new catastrophe bond issues can change, so the forecasts could adjust over the coming weeks, but the main story does not change.  The catastrophe bond market remains on record-setting pace and further growth of the outstanding cat bond market is anticipated.

Microsoft Recall on Copilot+ PC: testing the security and privacy implications Russian organizations targeted by backdoor masquerading as secure networking software updates SSL.com Scrambles to Patch Certificate Issuance Vulnerability  Huge thanks to our sponsor, Dropzone AI Is your security team spending too much time chasing alerts instead of stopping threats? Dropzone AI modernizes your security operations by handling the routine investigations that consume your team's day. Our AI SOC Analyst works with your existing security tools, learns your environment, and delivers clear, actionable reports within minutes. Your human analysts can finally focus on the most critical threats. Organizations using our AI SOC Analyst handle significantly more alerts without growing their team. See how at RSA at booth ESE-60.

Deportation of Venezuelan Gang Members: The Supreme Court lifted a judge's order blocking the deportation of suspected Venezuelan gang members to a prison in El Salvador. The Trump administration used the Alien Enemies Act, an 18th-century law, to classify these gang members as part of a hostile government. The Supreme Court ruled 5-4 that challenges to deportation must be filed as habeas corpus petitions in the location where the individuals are detained, not as class actions in D.C. Cancellation of Teacher Training Grants: The Supreme Court upheld the cancellation of $600 million in teacher training grants, with $65 million yet to be distributed. The court ruled 5-4 that claims against federal money should be brought in the Court of Federal Claims. This decision was seen as a technical but significant victory against district judges trying to block the Trump administration's agenda. Reinstatement of Federal Employees: The Supreme Court reversed a district judge's order to reinstate 16,000 federal employees fired by the Trump administration. The court ruled 7-2 that the administration had followed proper procedures for the dismissals. This decision was another victory against district judges attempting to halt the Trump administration's actions. Issuance of Social Security Numbers: Nearly 4 million non-citizens were issued Social Security numbers during Joe Biden's presidency. These numbers allowed illegal aliens to access government programs and aid, costing American taxpayers hundreds of billions of dollars. The Department of Government Efficiency (DOGE) reported that many illegal aliens received Medicaid, driver's licenses, and some even registered to vote. Transgender Athletes in Women's Sports: A female fencer was disqualified for refusing to compete against a transgender opponent. Senator Ted Cruz launched an investigation into USA Fencing's policies, aiming to protect women and girls in sports. Please Hit Subscribe to this podcast Right Now. Also Please Subscribe to the 47 Morning Update with Ben Ferguson and the Ben Ferguson Show Podcast Wherever You get You're Podcasts. Thanks for Listening #seanhannity #hannity #marklevin #levin #charliekirk #megynkelly #tucker #tuckercarlson #glennbeck #benshapiro #shapiro #trump #sexton #bucksexton#rushlimbaugh #limbaugh #whitehouse #senate #congress #thehouse #democrats#republicans #conservative #senator #congressman #congressmen #congresswoman #capitol #president #vicepresident #POTUS #presidentoftheunitedstatesofamerica#SCOTUS #Supremecourt #DonaldTrump #PresidentDonaldTrump #DT #TedCruz #Benferguson #Verdict #justicecorrupted #UnwokeHowtoDefeatCulturalMarxisminAmericaYouTube: https://www.youtube.com/@VerdictwithTedCruzSee omnystudio.com/listener for privacy information.

Canon printer driver vulnerabilities enable Windows kernel exploitation. Astonishing cyber-security awareness from a household appliance manufacturer. France tries to hook 2.5 million school children with a Phishing test. Wordpress added an abuse prone feature in 2022. Guess what happened? Oracle? Is there something you'd like to tell us? Utah's governor just signed the App Store Accountability Act. Now what? AI bots hungry for new data are DDoSing FOSS projects. No Microsoft Account? No Microsoft Windows 11. Gmail claims it now offers E2EE. It kinda sorta does. Somewhat. A dreaded CVSS 10.0 was discovered in Apache Parquet. A bunch of terrific listener feedback. What's Multi-Perspective Issuance Corroboration and why must all certificate authorities now do it? Show Notes - https://www.grc.com/sn/SN-1020-Notes.pdf Hosts: Steve Gibson and Leo Laporte Download or subscribe to Security Now at https://twit.tv/shows/security-now. You can submit a question to Security Now at the GRC Feedback Page. For 16kbps versions, transcripts, and notes (including fixes), visit Steve's site: grc.com, also the home of the best disk maintenance and recovery utility ever written Spinrite 6. Join Club TWiT for Ad-Free Podcasts! Support what you love and get ad-free shows, a members-only Discord, and behind-the-scenes access. Join today: https://twit.tv/clubtwit Sponsors: material.security threatlocker.com for Security Now canary.tools/twit - use code: TWIT joindeleteme.com/twit promo code TWIT bitwarden.com/twit

Canon printer driver vulnerabilities enable Windows kernel exploitation. Astonishing cyber-security awareness from a household appliance manufacturer. France tries to hook 2.5 million school children with a Phishing test. Wordpress added an abuse prone feature in 2022. Guess what happened? Oracle? Is there something you'd like to tell us? Utah's governor just signed the App Store Accountability Act. Now what? AI bots hungry for new data are DDoSing FOSS projects. No Microsoft Account? No Microsoft Windows 11. Gmail claims it now offers E2EE. It kinda sorta does. Somewhat. A dreaded CVSS 10.0 was discovered in Apache Parquet. A bunch of terrific listener feedback. What's Multi-Perspective Issuance Corroboration and why must all certificate authorities now do it? Show Notes - https://www.grc.com/sn/SN-1020-Notes.pdf Hosts: Steve Gibson and Leo Laporte Download or subscribe to Security Now at https://twit.tv/shows/security-now. You can submit a question to Security Now at the GRC Feedback Page. For 16kbps versions, transcripts, and notes (including fixes), visit Steve's site: grc.com, also the home of the best disk maintenance and recovery utility ever written Spinrite 6. Join Club TWiT for Ad-Free Podcasts! Support what you love and get ad-free shows, a members-only Discord, and behind-the-scenes access. Join today: https://twit.tv/clubtwit Sponsors: material.security threatlocker.com for Security Now canary.tools/twit - use code: TWIT joindeleteme.com/twit promo code TWIT bitwarden.com/twit

Canon printer driver vulnerabilities enable Windows kernel exploitation. Astonishing cyber-security awareness from a household appliance manufacturer. France tries to hook 2.5 million school children with a Phishing test. Wordpress added an abuse prone feature in 2022. Guess what happened? Oracle? Is there something you'd like to tell us? Utah's governor just signed the App Store Accountability Act. Now what? AI bots hungry for new data are DDoSing FOSS projects. No Microsoft Account? No Microsoft Windows 11. Gmail claims it now offers E2EE. It kinda sorta does. Somewhat. A dreaded CVSS 10.0 was discovered in Apache Parquet. A bunch of terrific listener feedback. What's Multi-Perspective Issuance Corroboration and why must all certificate authorities now do it? Show Notes - https://www.grc.com/sn/SN-1020-Notes.pdf Hosts: Steve Gibson and Leo Laporte Download or subscribe to Security Now at https://twit.tv/shows/security-now. You can submit a question to Security Now at the GRC Feedback Page. For 16kbps versions, transcripts, and notes (including fixes), visit Steve's site: grc.com, also the home of the best disk maintenance and recovery utility ever written Spinrite 6. Join Club TWiT for Ad-Free Podcasts! Support what you love and get ad-free shows, a members-only Discord, and behind-the-scenes access. Join today: https://twit.tv/clubtwit Sponsors: material.security threatlocker.com for Security Now canary.tools/twit - use code: TWIT joindeleteme.com/twit promo code TWIT bitwarden.com/twit

Canon printer driver vulnerabilities enable Windows kernel exploitation. Astonishing cyber-security awareness from a household appliance manufacturer. France tries to hook 2.5 million school children with a Phishing test. Wordpress added an abuse prone feature in 2022. Guess what happened? Oracle? Is there something you'd like to tell us? Utah's governor just signed the App Store Accountability Act. Now what? AI bots hungry for new data are DDoSing FOSS projects. No Microsoft Account? No Microsoft Windows 11. Gmail claims it now offers E2EE. It kinda sorta does. Somewhat. A dreaded CVSS 10.0 was discovered in Apache Parquet. A bunch of terrific listener feedback. What's Multi-Perspective Issuance Corroboration and why must all certificate authorities now do it? Show Notes - https://www.grc.com/sn/SN-1020-Notes.pdf Hosts: Steve Gibson and Leo Laporte Download or subscribe to Security Now at https://twit.tv/shows/security-now. You can submit a question to Security Now at the GRC Feedback Page. For 16kbps versions, transcripts, and notes (including fixes), visit Steve's site: grc.com, also the home of the best disk maintenance and recovery utility ever written Spinrite 6. Join Club TWiT for Ad-Free Podcasts! Support what you love and get ad-free shows, a members-only Discord, and behind-the-scenes access. Join today: https://twit.tv/clubtwit Sponsors: material.security threatlocker.com for Security Now canary.tools/twit - use code: TWIT joindeleteme.com/twit promo code TWIT bitwarden.com/twit

Canon printer driver vulnerabilities enable Windows kernel exploitation. Astonishing cyber-security awareness from a household appliance manufacturer. France tries to hook 2.5 million school children with a Phishing test. Wordpress added an abuse prone feature in 2022. Guess what happened? Oracle? Is there something you'd like to tell us? Utah's governor just signed the App Store Accountability Act. Now what? AI bots hungry for new data are DDoSing FOSS projects. No Microsoft Account? No Microsoft Windows 11. Gmail claims it now offers E2EE. It kinda sorta does. Somewhat. A dreaded CVSS 10.0 was discovered in Apache Parquet. A bunch of terrific listener feedback. What's Multi-Perspective Issuance Corroboration and why must all certificate authorities now do it? Show Notes - https://www.grc.com/sn/SN-1020-Notes.pdf Hosts: Steve Gibson and Leo Laporte Download or subscribe to Security Now at https://twit.tv/shows/security-now. You can submit a question to Security Now at the GRC Feedback Page. For 16kbps versions, transcripts, and notes (including fixes), visit Steve's site: grc.com, also the home of the best disk maintenance and recovery utility ever written Spinrite 6. Join Club TWiT for Ad-Free Podcasts! Support what you love and get ad-free shows, a members-only Discord, and behind-the-scenes access. Join today: https://twit.tv/clubtwit Sponsors: material.security threatlocker.com for Security Now canary.tools/twit - use code: TWIT joindeleteme.com/twit promo code TWIT bitwarden.com/twit

Canon printer driver vulnerabilities enable Windows kernel exploitation. Astonishing cyber-security awareness from a household appliance manufacturer. France tries to hook 2.5 million school children with a Phishing test. Wordpress added an abuse prone feature in 2022. Guess what happened? Oracle? Is there something you'd like to tell us? Utah's governor just signed the App Store Accountability Act. Now what? AI bots hungry for new data are DDoSing FOSS projects. No Microsoft Account? No Microsoft Windows 11. Gmail claims it now offers E2EE. It kinda sorta does. Somewhat. A dreaded CVSS 10.0 was discovered in Apache Parquet. A bunch of terrific listener feedback. What's Multi-Perspective Issuance Corroboration and why must all certificate authorities now do it? Show Notes - https://www.grc.com/sn/SN-1020-Notes.pdf Hosts: Steve Gibson and Leo Laporte Download or subscribe to Security Now at https://twit.tv/shows/security-now. You can submit a question to Security Now at the GRC Feedback Page. For 16kbps versions, transcripts, and notes (including fixes), visit Steve's site: grc.com, also the home of the best disk maintenance and recovery utility ever written Spinrite 6. Join Club TWiT for Ad-Free Podcasts! Support what you love and get ad-free shows, a members-only Discord, and behind-the-scenes access. Join today: https://twit.tv/clubtwit Sponsors: material.security threatlocker.com for Security Now canary.tools/twit - use code: TWIT joindeleteme.com/twit promo code TWIT bitwarden.com/twit

Canon printer driver vulnerabilities enable Windows kernel exploitation. Astonishing cyber-security awareness from a household appliance manufacturer. France tries to hook 2.5 million school children with a Phishing test. Wordpress added an abuse prone feature in 2022. Guess what happened? Oracle? Is there something you'd like to tell us? Utah's governor just signed the App Store Accountability Act. Now what? AI bots hungry for new data are DDoSing FOSS projects. No Microsoft Account? No Microsoft Windows 11. Gmail claims it now offers E2EE. It kinda sorta does. Somewhat. A dreaded CVSS 10.0 was discovered in Apache Parquet. A bunch of terrific listener feedback. What's Multi-Perspective Issuance Corroboration and why must all certificate authorities now do it? Show Notes - https://www.grc.com/sn/SN-1020-Notes.pdf Hosts: Steve Gibson and Leo Laporte Download or subscribe to Security Now at https://twit.tv/shows/security-now. You can submit a question to Security Now at the GRC Feedback Page. For 16kbps versions, transcripts, and notes (including fixes), visit Steve's site: grc.com, also the home of the best disk maintenance and recovery utility ever written Spinrite 6. Join Club TWiT for Ad-Free Podcasts! Support what you love and get ad-free shows, a members-only Discord, and behind-the-scenes access. Join today: https://twit.tv/clubtwit Sponsors: material.security threatlocker.com for Security Now canary.tools/twit - use code: TWIT joindeleteme.com/twit promo code TWIT bitwarden.com/twit

Rapid premium rate increases, coupled with pockets of higher reinsurance pricing, also expands the need for higher capital, said Jason Hopper, associate director, AM Best, discussing a new Best's Special Report.

In this episode, Scott sits down with Darren Marble — the creator of Going Public and founder of Issuance — for a wide-ranging conversation on the rise of retail investors, the evolution of equity crowdfunding, and why he believes the best days of this industry are still ahead. Darren shares the inside story of launching Going Public, a groundbreaking series now partnered with X (formerly Twitter), where everyday people can invest in startups while watching. He opens up about the challenges of getting mainstream media to understand the vision, the value of showmanship in a complex industry, and how they're landing major talent like Baron Davis, Floyd Mayweather, and Steve Aoki to bring visibility to private investing. Scott and Darren go deep into the early days of crowdfunding, the Elio Motors deal that kicked it all off, the philosophy behind Issuance's white-label platform, and why building a frictionless checkout for investing (complete with Apple Pay and USDC) was always the obvious play. This episode is full of gems on what it really takes to build trust, media attention, and infrastructure in a space often ignored by institutions — until now. Support the show by signing up for a free account @ Kingscrowd.com Learn more about Darren's work @ goingpublic.com, issuance.com Follow Darren: @darrenmarble Follow Scott: @kitun

In this podcast Francis Diamond, Aditya Chordia and Khagendra Gupta discuss their latest thoughts on European rate markets, focusing on Euro rates markets into the 2 April tariff announcement, thoughts on SSAs and issuance, Scandi rates following recent CB meetings and UK rates in light of this week's Spring Statement.   This podcast was recorded on March 28, 2025. This communication is provided for information purposes only. Institutional clients can view the related report at  https://www.jpmm.com/research/content/GPS-4942101-0, https://www.jpmm.com/research/content/GPS-4946392-0.pdf for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2025 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party. It is permissible to use J.P. Morgan Data for internal business purposes only in an AI system or model that protects the confidentiality of J.P. Morgan Data so as to prevent any and all access to or use of such J.P. Morgan Data by any third-party.

Issuance ticked up in the higher education sector, with various results Follow UsTwitter @NYLInvestmentsTwitter @MacKayMuniMgrsFacebook @NYLInvestmentsLinkedIn: New York Life InvestmentsLinkedIn: MacKay Municipal ManagersPresented by New York Life Investmentswww.newyorklifeinvestments.com MacKay Municipal Managers is a team of portfolio managers at MacKay Shields. MacKay Shields is 100% owned by NYLIM Holdings, which is wholly owned by New York Life Insurance Company. “New York Life Investments” is both a service mark, and the common trade name, of certain investment advisors affiliated with New York Life Insurance Company.

Welcome to The Chrisman Commentary, your go-to daily mortgage news podcast, where industry insights meet expert analysis. Hosted by Robbie Chrisman, this podcast delivers the latest updates on mortgage rates, capital markets, and the forces shaping the housing finance landscape. Whether you're a seasoned professional or just looking to stay informed, you'll get clear, concise breakdowns of market trends and economic shifts that impact the mortgage world.In today's episode, we look at Ginnie Mae MBS issuance. Plus, Robbie sits down with Floify's Sofia Rossato to discuss how to deliver an excellent customer experience in the point-of-sale space. And he closes by taking a look ahead to what's on the economic calendar this week.Today's podcast is brought to you by Floify, a leading point-of-sale platform for mortgage professionals. Known for its user-friendly interface and no-code configurability, Floify empowers small and midsize lenders and mortgage brokers with efficiency gains and cost savings. Features like native eSigning, electronic verification, and configurable loan applications reduce turn times and put money back in lenders' pockets. See the beauty of its simplicity at www.floify.com.

In this episode, Andy Constan joins the show to discuss Quantitative Tightening 2.0, why the Fed wants to change its SOMA portfolio, and the connection between QT, the debt ceiling, and TGA. We also delve into the deficit, DOGE success being anti-growth, and much more. Enjoy! — Follow Andy: https://x.com/dampedspring Follow Felix: https://twitter.com/fejau_inc Follow Forward Guidance: https://twitter.com/ForwardGuidance Follow Blockworks: https://twitter.com/Blockworks_ Forward Guidance Newsletter: https://blockworks.co/newsletter/forwardguidance Forward Guidance Telegram: https://t.me/+nSVVTQITWSdiYTIx — Forward Guidance Audience Survey: https://forward-guidance.beehiiv.com/forms/109bcbf7-0948-43b8-be8d-5390a5198125 — Join us at Digital Asset Summit 2025 March 18th - 20th. USE CODE FG10 FOR 10% OFF general admission! https://blockworks.co/event/digital-asset-summit-2025-new-york __ SKALE is the next evolution in Layer 1 blockchains with a gas-free invisible user experience, instant finality, high speed, and robust security. SKALE is built different as it allows for limitless scalability and has already saved its 46 Million users over $9 Billion in gas fees. SKALE is high-performance and cost-effective, making it ideal for compute-intensive applications like AI, gaming, and consumer-facing dApps. Learn more at skale.space and stay up to date with the gas-free invisible blockchain on X at @skalenetwork — Timestamps: (00:00) Introduction (01:08) Understanding Quantitative Tightening (QT) 2.0 (10:01) Skale Ad (10:22) Why the Fed Wants to Adjust its SOMA Portfolio (17:50) Potential Market Impacts and Future Strategies (25:17) Debate on QT Pause and Debt Ceiling Dynamics (34:51) Skale Ad (35:21) Debate on QT Pause and Debt Ceiling Dynamics (Con't) (38:35) Monetary Plumbing, Debt Ceiling Concerns, & Demand for Treasuries (44:03) Impact of Budget Deficit on Issuance & Interest Rates (52:28) Economic Projections and Policy Impacts (01:00:55) Risk Assets and Market Sentiment (01:05:44) Is There A Bond Trade? __ Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

This week on Test. Optimize. Scale. My guest is Darren Marble, a pioneering force in democratizing investment opportunities through media and technology. As the Executive Producer of Going Public®, he's revolutionizing how viewers engage with business television – creating the first show where audiences can invest in featured companies while watching in real-time. The groundbreaking series is set to launch its third season exclusively on

Tune in to this episode of the Security Token Show where this week Herwig Konings covers the industry leading headlines and market movements, including how more private equity enters tokenization and Securitize continues to be a top choice! This week Jason Barraza had the opportunity to host Yuval Rooz from Digital Asset/ Canton Network. They talk about Etherealize, on-chain privacy and his take on zero knowledge proofs, Canton Network Developments, and a whole lot more!    Join the RWA Foundation and Read the Whitepaper: RWAF.xyz Read STM's Global Tokenized Real Estate Market Guide 2024: https://docsend.com/view/rrfjz7zxzqb9na2q  Read the December 2024 RWA Securities Market Update: https://docsend.com/view/6vf42wm8quhnttuv  Company of the Week - Herwig: Apollo   The Market Movements $ACRED by Apollo on Securitize and 6 Chains Through Wormhole: https://securitize.io/learn/press/apollo-and-securitize-announce-partnership-and-launch-tokenized-access-to-credit-fund   Superstate Announces Plans to Go Multi-Chain with $USTB, $USCC: https://www.linkedin.com/feed/update/urn:li:activity:7290054405406511105/   Ondo Announces Plans to Create OUSG:RLUSD Pair on XRP Ledger: https://blog.ondo.finance/ondo-finance-expands-institutional-reach-with-ousg-deployment-on-the-xrp-ledger/   Ethereum Foundation Gets Legit On Tokenization; Launches Etherealize: https://beincrypto.com/ethereum-adopts-enterprise-push-with-etherealize/   Licensed RWA Broker Texture Capital Joins Canton Network: https://www.ledgerinsights.com/texture-capital-joins-canton-network-to-provide-dlt-secondary-market/   Particula Assigns an AA Rating to the Issuance of the $USTBL Token by Spiko SICAV: https://particula.io/particula-rating-abstract-spiko-ustbl-january-2025/ ⏰ TABLE OF CONTENTS ⏰ 0:16 Introduction 0:45 STS Interviews: Digital Asset/ Canton Network 20:58 Market Movements 27:15 RWA Foundation Weekly Update 29:54 Companies of The Week: Apollo  

Luis Oganes, head of Global Macro research at J.P. Morgan, discusses the outlook for government bond issuance in 2025 with strategists Jay Barry and Aditya Chordia. The team discusses how ongoing central bank QT amplifies issuance trends, and wide budget deficits suggest term premium should remain elevated in the US and UK, while these trends should be less impactful for Euro-area and Japanese yields.   Speakers: Luis Oganes, Head of Global Macro Research Jay Barry, Head of Global Rates Strategy Aditya Chordia, European Rates Strategy     This podcast was recorded on 17 January 2025. This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-4887257-0, for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2025 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party. It is permissible to use J.P. Morgan Data for internal business purposes only in an AI system or model that protects the confidentiality of J.P. Morgan Data so as to prevent any and all access to or use of such J.P. Morgan Data by any third-party.

One of the various attack surfaces in encryption is insuring the certificates used to share the initial set of private keys are not somehow replaced by an attacker. In systems where a single server or source is used to get the initial certificates, however, it is fairly easy for an attacker to hijack the certificate distribution process. Henry Birge-Lee joins us on this episode of the Hedge to talk about extensions to existing certificate systems where a certificate is pulled from more than one source. You can find his article here.

Darren Marble knows something that Wall Street doesn't want YOU to know, and he's going to share it with us, along with many more business and marketing topics, in this episode. --- Darren Marble is the CEO and founder of CrowdFundX, a leading digital marketing agency specializing in raising capital for private companies through online platforms. He is also the co-founder of Going Public, a groundbreaking television series that showcases companies going public via Regulation A+ offerings. Additionally, Darren is the founder of Issuance, a technology company that simplifies the process of issuing securities and managing investor relations for private companies. Like this episode? Watch more like it

The International Criminal Court (ICC) announced arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former Defense Minister Yoav Gallant, accusing them of crimes tied to Israel's defense operations in Gaza. Why should supporters of Israel—regardless of political views—reject these accusations?  Belle Yoeli, AJC's Chief Advocacy Officer, explains why the ICC's charges are not only baseless but also undermine justice, distort international law, and fuel harmful narratives following the deadliest antisemitic attack since the Holocaust. Listen – AJC Podcasts: The Forgotten Exodus: with Hen Mazzig, Einat Admony, and more. People of the Pod:  What President-Elect Trump's Nominees Mean for Israel, Antisemitism, and More What the Election Results Mean for Israel and the Jewish People The Jewish Vote in Pennsylvania: What You Need to Know Go Deeper – AJC Analysis: Statement: American Jewish Committee Appalled by ICC's Issuance of Arrest Warrants Against Israelis Explainer: What You Need to Know About the ICC and the Israel-Hamas War Follow People of the Pod on your favorite podcast app, and learn more at AJC.org/PeopleofthePod You can reach us at: peopleofthepod@ajc.org If you've appreciated this episode, please be sure to tell your friends, and rate and review us on Apple Podcasts or Spotify. __ Transcript of Conversation with Belle Yoeli: Manya Brachear Pashman:   The International Criminal Court announced on Thursday that it issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former defense minister. You have Galant as well as Hamas terrorist Mohammed, if the Court said it had found reasonable grounds to believe that Netanyahu and Galant quote, each bear criminal responsibility for starvation as a method of warfare and crimes against humanity, end quote. All tied to Israel's military operations in Gaza focused on defeating Hamas terrorists, securing the return of the 101 remaining hostages and preventing more attacks.  Here to talk about why the court is prosecuting Israel's leaders for its defense operation after the country suffered the deadliest antisemitic attack since the Holocaust, and why that's dangerous, is Belle Yoeli, AJC's Chief advocacy officer. Belle, welcome to People of the Pod. Belle Yoeli:   Thanks so much, Manya. Manya Brachear Pashman:   Do Belle, why have warrants been issued for Netanyahu and Gallant. Belle Yoeli:   Right. So first and foremost, I just want to make it abundantly clear, and it really needs to be said, that this decision is absolutely outrageous. It's a gross distortion of international law and so many other things. It undermines the credibility of the court, and it fuels a lot of malicious lies about the state of Israel and its self defensive activities in Gaza since October 7. I will share the Court's reasoning for the warrants, and you alluded to it, quote, crimes against humanity and war crimes committed from at least the eighth of October, until at least the 20th of May 2024. The court claims they found reasonable grounds that Netanyahu and Gallant, again, quote, bear criminal responsibility for the following crimes as co-perpetrators for committing the acts jointly with others. The war crime of starvation as a method of warfare, and the crimes against humanity of murder, persecution and other inhumane acts. That's the direct quote, obviously very hard to read. And of course, AJC fundamentally rejects these claims, as do the United States and many, many leading international law and warfare experts. This is just a total and complete failure of justice. Manya Brachear Pashman:   So why should supporters of Israel stand firmly against this accusation, no matter what their political views are? In other words, if they're not fans of Netanyahu, but they are ardent supporters of Israel, why should they stand firm against this?  Belle Yoeli:   Yeah, it's an important question, and we have to be clear. I mean, the court has politicized this by sort of taking this unprecedented action. But this is not about political issues, it's not about Netanyahu or Gallant. This is about the truth. This is about right and wrong, and the claims that are being made here are so outrageous and malicious. I mean, Israel is not intentionally starving Palestinian civilians or committing crimes. It just doesn't make sense.  If it were, it would not be facilitating tons and tons of aid into the Gaza Strip every day, not to mention polio vaccines. I mean, the list goes on and on. Israel, like any other country, is defending itself, and not just in Gaza against Hamas, but on seven fronts, including Hezbollah and Lebanon, against Iranian proxies.  And look, we've said it from the beginning, since Israel responded in this self defensive way, and we'll say it again: civilians die in war, and that is a terrible, horrible thing. But Israel is fighting its war in Gaza in response to Hamas' actions on October 7. It's about bringing the hostages home and preventing the ability of Hamas to attack Israeli civilians. And it's been said by many experts that Israel is conducting itself in this war in an unprecedented manner, in a positive way. And I know that's hard for people to grasp, because, again, people have died, Palestinians have died, and, yes, civilians have died, and that's terrible. But that doesn't take away from the fact that Israel is trying to prevent civilian death and why it's fighting this war, and none of that has to do with intentionally harming civilians. Manya Brachear Pashman:   So I want to back up here and talk about who is actually pressing these charges, who is actually issuing these warrants and making these accusations in this case. For people who may not be familiar or they may be confused between the International Criminal Court and another international court, the International Court of Justice, which has a separate case against Israel and is connected to the United Nations. So what is the International Criminal Court? How is it different than the ICJ? Belle Yoeli:   So you mean, not everybody is a legal scholar? It's quite confusing, and I'm grateful for my colleagues who have really helped us try to explain this to everyone, and I'll try to break it down for you as simply as I can. So the ICC is an independent, international judicial tribunal. It's based in the Hague, and it was created in 2002 by the Rome Statute.  And that's a treaty that essentially spells out what crimes this specific body, the ICC, should investigate and adjudicate when it can. And the ICC's jurisdiction is essentially that it can prosecute individuals for war crimes, crimes against humanity, genocide and aggression. That's four categories.  And it's allowed to prosecute not just state actors, but also non-state actors. And when you think about the ICC, as colleagues have explained to me, you really are supposed to think about it as a court of last resort. So when you think about national legal systems, and respecting the right that sovereign states have their own courts and that should be respected, the ICC would step in when an important crime or a crime did not get prosecuted. That's what this body is meant for, and again, trying to respect sovereign states. Now, by contrast, the ICJ is the judicial arm of the UN, the United Nations, and the ICJ is supposed to settle legal disputes between states, and it also can issue opinions upon requests by UN entities. So there are two different bodies, two very different purposes. Manya Brachear Pashman:   So is Israel a member of the ICC? Belle Yoeli:   So Israel is not a member of the ICC. And this is actually sort of interesting. Israel was involved in drafting the Rome Statute that I mentioned, that created the ICC, that treaty. But things got a little complicated, which is not so surprising when you hear why. Essentially, the ICC, as we discussed, was intended to focus on these most heinous crimes, right?  But eventually the entity was urged by several Arab countries, and the majority of the countries that are party to the ICC agreed, to add as one of the categories of things that can be investigated and prosecuted, the transfer of civilians into occupied territory. And so if you hear that, I'm sure a ping goes off, obviously based on Israel and its situation and dynamics in the region. Israel took this as a sign that countries were aiming to distort the purpose of the body and really to try to just prosecute Israelis for actions in the West Bank, for example. So it ended up refraining from joining. Manya Brachear Pashman:   So now, countries cannot be prosecuted by the ICC, right? I mean, I understand that Israel as a country can't be prosecuted, but Israelis can be, and that's why the warrants issued named Netanyahu and Gallant. Belle Yoeli:   So technically, the body is supposed to go after individuals. But the question here, of the warrants is about jurisdiction, right? And clearly there's a disagreement. The Israelis, the United States and others have said that the ICC has no jurisdiction over, you know, for the warrants they've issued. And AJC agrees.  The Palestinians and actually, the court itself have said that it's based on certain technicalities which are actually quite complicated, and you can read about in our explainer on our website about this subject, that there is jurisdiction. But for me, the thing that is most clear here is that as we reference, Israel has a strong, independent judiciary, and even when it comes to the conflict. Most recent conflicts is October 7, Israel's own military Advocate General has in fact, opened dozens of investigations into incidents.  So when you consider the fact that Israel has a mechanism for investigating things that are happening in Gaza, that in itself, should tell everyone that the ICC has no jurisdiction here based on its own treaty. So yes, these warrants were issued, but from our perspective, there's really no jurisdiction. Manya Brachear Pashman:   Okay, so would you say the fog of war makes this almost impossible to adjudicate, or is this, in your eyes, an open and shut case? Is it abundantly clear that Israeli leaders have avoided committing these crimes they're accused of? Belle Yoeli:   So, I mean, to me, it's open and shut for a few reasons, right? We've mentioned them. One, the ICC has no jurisdiction. Two, the claims are, of the crimes are, are false and really offensive. And, you know, there is, of course, this phrase, the fog of war, and there's always fog in war. But this is really not what it's about. The travesty in all of this is that Israel does so much in an unprecedented environment that shows that the claims that are being made are untrue.  So, yes, the technicalities, yes, there's no jurisdiction. The claims are offensive. But it's more than that. This is so clearly being politicized, because, yes, people are upset about what's happening and the conflict, and we understand that the entire world is reacting, but it's just not true. It's just about truth here, and what the court is suggesting is simply not true, and really targeting Israel in a way that is against justice and is really unheard of. Manya Brachear Pashman:   So here in America, we are amid a leadership transition. Has the response differed between the Biden administration and the incoming Trump administration? Belle Yoeli:   So from what we've seen so far, I mean, the Biden administration and incoming administration officials from the Trump administration have both spoken out and both rejected the decision outright. You'll see, and I think we'll see in the coming days, there are differences of opinion also in Congress about how to deal with this action. And this been, this has been in conversation, you know, discussion for months when this was first raised, that this could possibly happen, questions around sanctions and different actions that can be taken. But I think we'll know a lot more about concrete potential proposals and next steps in the coming days. Manya Brachear Pashman:   And what about the international community? Belle Yoeli:   You know, it's interesting, at this point, when we're as of this recording, the international response has actually been quite muted, and I think that's because countries are trying to balance upholding the respect for the court and the idea of the court and its jurisdiction with this really outrageous decision that I think many of them know is is false and wrong and has really bad implications for what the court is meant to do. You know, some have been quite clear. Just to name a few, Argentina and Paraguay spoke out forcefully. Some responses have been a bit more murky. I think, trying to thread that needle that I mentioned, like the United Kingdom had a pretty murky response. And actually, the EU high representative who's thankfully on his way out, Joseph Burrell, really fully embraced the decision in a sort of grotesque way. But this isn't new for him. He's fairly problematic on these types of issues. So we'll see how other countries react. You know, more things are in play, and I'm sure Israel and the United States are having close conversations with allies. I think the US even alluded to that, and we'll have a better sense of what's to come soon. Manya Brachear Pashman:   And so what does this mean for Israel and for the ongoing Israel-Hamas war? Belle Yoeli:   I mean, I don't have a crystal ball. I can say, look, it remains to be seen what will happen next. I think countries who are party to the ICC need to do the right thing. They need to reject the jurisdiction and really refuse to enforce the warrants. That's the most important piece here. That's what we're hoping to see.  I think we'll see that international pressure likely be applied by the United States and others. But the bigger picture here, I mean, again, it speaks to the travesty that I spoke about before. It's this larger attempt to delegitimize Israel and really discredit and slander Israel, I would even go so far to say, is just unjust, and it fuels all of the disinformation that we're seeing.  And what does that lead to? It leads to hate. It leads to hate against Israelis, and let's be honest, it puts Jews around the world at risk at a time when there's already surging antisemitism. This isn't new. Look at what happened in Amsterdam.  So more broadly, this just, this hits. This is an issue and so problematic in so many ways, and it just, it does so much harm and the ideals of democracy and the ideas of justice, it's really unprecedented and unforgivable. Manya Brachear Pashman:   Do you think it gets in the way of bringing the hostages home? Belle Yoeli:   Unfortunately, the reality is that it's been difficult enough as it is to bring the hostages home, and we just haven't seen movement in negotiations. And obviously we're praying for that every day. I couldn't tell you how this will impact that. I don't, I don't see an immediate connection. I think, look, we need to be clear that every action like this contributes to a feeling in Israel of already, sort of, as they say in conflict negotiation or resolution speak. like a siege mentality, right? Israelis feel under attack. The government likely feels under attack, and so it certainly doesn't help when Israel is trying to defend itself, to carry out war and to bring the hostages home, it certainly doesn't help, but how it will affect actual negotiations, I couldn't say. Manya Brachear Pashman:   Belle, thank you so much for sharing your insights and trying to explain this to our listeners. Belle Yoeli:   Thank you so much for having me.