Valley in Wyoming, USA
POPULARITY
Categories
Subscribe to Greg Fitzsimmons: https://bit.ly/subGregFitz Iran is the new Iraq, ICE is sneaking into girl's dorms and Hilary (once again) swears Bill is not a perv. Greg and Mike are back with a road-warrior edition of Sunday Papers, broadcasting from a ski house in Wilson, Wyoming, complete with barking dogs, vacuuming cleaning crews, and the looming drive to the airport . The guys recap Jackson Hole runs and Corbett's Couloir wipeouts, revisit a legendary college misunderstanding involving a buddy's new job, and then dive into the week's headlines. They break down U.S. and Israel's strikes on Iran , the Radiohead vs. ICE social media dust-up , media shakeups at CBS , and somehow detour into quicksand panic, Florida and Kentucky crime stories , aging parents behind the wheel , and a motorcycle helmet life hack for instant right-of-way . Plus: Neanderthal dating theories, Epstein jokes, family-business advice, Neil Sedaka memories , and a lightning-round “This Day in History” featuring Yellowstone, Bieber, Ron Howard, Hoover Dam, and the Lindbergh baby . It's chaotic, topical, and exactly what you want from two friends trying to make sense of the world while laughing more than they talk. This show is produced by Gotham Production Studios and part of the Gotham Network. https://www.gothamproductionstudios.com/studios/ Follow Greg Fitzsimmons: Facebook: https://facebook.com/FitzdogRadio Instagram: https://instagram.com/gregfitzsimmons Twitter: https://twitter.com/gregfitzshow Official Website: http://gregfitzsimmons.com Tour Dates: https://bit.ly/GregFitzTour Merch: https://bit.ly/GregFitzMerch “Dear Mrs. Fitzsimmons” Book: https://amzn.to/2Z2bB82 “Life on Stage” Comedy Special: https://bit.ly/GregFitzSpecial Listen to Greg Fitzsimmons: Fitzdog Radio: https://bit.ly/FitzdogRadio Sunday Papers: http://bit.ly/SundayPapersPod Childish: http://childishpod.com Watch more Greg Fitzsimmons: Latest Uploads: https://bit.ly/latestGregFitz Fitzdog Radio: https://bit.ly/radioGregFitz Sunday Papers: https://bit.ly/sundayGregFitz Stand Up Comedy: https://bit.ly/comedyGregFitz Popular Videos: https://bit.ly/popGregFitz About Greg Fitzsimmons: Mixing an incisive wit with scathing sarcasm, Greg Fitzsimmons is an accomplished stand-up, an Emmy Award winning writer, and a host on TV, radio and his own podcasts. Greg is host of the popular “FitzDog Radio” podcast (https://bit.ly/FitzdogRadio), as well as “Sunday Papers” with co-host Mike Gibbons (http://bit.ly/SundayPapersPod) and “Childish” with co-host Alison Rosen (http://childishpod.com). A regular with Conan O'Brien and Jimmy Kimmel, Greg also frequents “The Joe Rogan Experience,” “Lights Out with David Spade,” and has made more than 50 visits to “The Howard Stern Show.” Howard gave Greg his own show on Sirius/XM which lasted more than 10 years. Greg's one-hour standup special, “Life On Stage,” was named a Top 10 Comedy Release by LA Weekly. The special premiered on Comedy Central and is now available on Amazon Prime, as a DVD, or a download (https://bit.ly/GregFitzSpecial). Greg's 2011 book, Dear Mrs. Fitzsimmons (https://amzn.to/2Z2bB82), climbed the best-seller charts and garnered outstanding reviews from NPR and Vanity Fair. Greg appeared in the Netflix series “Santa Clarita Diet,” the Emmy-winning FX series “Louie,” spent five years as a panelist on VH1's “Best Week Ever,” was a reoccurring panelist on “Chelsea Lately,” and starred in two half-hour stand-up specials on Comedy Central. Greg wrote and appeared on the Judd Apatow HBO series “Crashing.” Writing credits include HBO's “Lucky Louie,” “Cedric the Entertainer Presents,” “Politically Incorrect with Bill Maher,” “The Man Show” and many others. On his mantle beside the four Daytime Emmys he won as a writer and producer on “The Ellen DeGeneres Show” sit “The Jury Award for Best Comedian” from The HBO Comedy Arts Festival and a Cable Ace Award for hosting the MTV game show "Idiot Savants." Learn more about your ad choices. Visit megaphone.fm/adchoices
Subscribe to the new Macro Musings YouTube Channel! Raghuram Rajan is a finance professor at the University of Chicago and leads the Group of 30. Previously he was the chief economist at the IMF and the governor of the Reserve Bank of India. In Raghuram's first appearance on the show, he discusses his famous 2005 Jackson Hole speech, how he righted the ship on India's emerging economy, the consequences of zero-sum thinking, the differences between being a policymaker and an academic, the ratcheting effect of QE on the Fed's balance sheet, and much more. Check out the transcript for this week's episode, now with links. Recorded on January 20th, 2025 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X: @DavidBeckworth Follow the show on X: @Macro_Musings Check out our Macro Musings merch! Timestamps 00:00:00 - Intro 00:01:58 - Raghu's Career 00:22:20 - Policymaker Versus Academic 00:29:00 - Ratcheting Effect of Quantitative Easing 01:01:06 - Outro
Drop us a message with any questions you may have :)Thanks to Crystal Ski Holidays for sponsoring this episode of The Whiteout Ski Podcast and for the great advice int he Ski Transfers Feature!News Round UpUK Leads European Ski TravelUK confirmed as largest source market for European ski travelNearly one third of total winter ski season capacity1.5 million seats scheduled Dec 2025 to March 2026demic?Kazakhstan's Mega Ski ExpansionPlan to link multiple ski areas in Ile Alatau mountains26 new cable cars plannedOver 200 km of slopes by 2029YogiSki Festival ReturnsLes Menuires & St Martin de Belleville - 10 to 16 April 2026Snow & WeatherAlps - Strong mid season snowpack, Austria and Switzerland seeing powder refreshes, Freeze thaw cycles in parts of France, Avalanche risk elevated across many regions. Two week outlook shows continued top ups at altitudeNorth America - Healthy snowpack across Rockies and Canada, Revelstoke, Fernie, Jackson Hole seeing strong snowfall potential, Blizzard conditions in US Northeast,Gear Focus – Spring Skiing with Ellis Brigham Mountain SportsSpring skiing means slush, sunshine and variable snow — so adaptability is key.Jackets FeaturedArc'teryx Rush JacketThe North Face Descendit JacketSalomon Brilliant 2.0 JacketPicture Seen JacketKey themes:Breathable waterproof shellsPit zips and ventilationMinimal insulationDWR coatingsPantsSalomon Brilliant PantSalomon Edge PantFocus on:Ventilation zipsArticulated fitLightweight insulationAccessoriesSmartwool Snowpocalypse SocksAtomic Four Amid Pro HelmetDestination Guide – RevelstokeThis week's destination focus is Revelstoke, British Columbia.Known for: Huge vertical, Deep snow, Advanced and expert terrain, Big mountain feelDiscussion around:Who it suitsWhat makes it different from other Canadian resortsSnow reliabilityTravel logisticsFundraiser link: https://www.justgiving.com/page/rob-stewart-ski-pressSupport the showIn the meantime Enjoy the mountains :) And Please do leave a review as it's the only way other like minded travellers get to find us! And don't forget to check us out on the following channels inthesnow.cominstagram.com/inthesnowTikTok@inthesnowmag youtube.com/inthesnowmagfacebook.com/inthesnowTo contact us with your suggestions for further episodes at dom@InTheSnow.com / robert@ski-press.com
Tony, Vrai, and Destiny return for Part 2 of their NANA watchalong, covering episodes 8-17, where they discuss Hachi's sexuality, the vilification of women in rock, and the reality vs the mystique of Nana O! 0:00:00 Intro 0:01:29 The story until now 0:02:18 Jackson Hole is REAL 0:06:41 Hachi's big city fantasy vs reality 0:18:41 Shoji sucks 0:25:41 Hachi's sexuality 0:30:45 Hachi's awakening 0:33:36 The girls are fighting but ALSO reconciling 0:35:37 Hachi is hated??? 0:38:11 Junko is hated 0:48:55 Anime vs manga framing 0:50:49 Nana O's mystique 0:58:46 Woman in rock being vilified 1:02:11 The music 1:06:03 Nice things 1:12:18 Yasu rocks 1:17:02 Outro Tony: https://bsky.app/profile/empty-visions.bsky.social Vrai: https://bsky.app/profile/witervrai.bsky.social Destiny: https://bsky.app/profile/gettinganimated.bsky.social AniFem Linktree: https://linktr.ee/animefeminist AniFem Patreon: https://www.patreon.com/animefeminist AniFem Ko-Fi: https://ko-fi.com/animefeminist Recorded Thursday 22nd January 2026 Music: Open Those Bright Eyes by Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/
We're recording this from Jackson Hole after three days of wheeling and dealing—and yes, canceling meetings for powder. This week we're going deep on OpenClaw. The meetup had 1,500 people show up (Kevin Rose, Marissa Mayer, Ashton Kutcher were some notable guests). And now we're all spending thousands of dollars a month on AI agents we've named after Friends characters while debating whether "developer" is even a job title anymore.We talk about:• Why founders are working 24/7 and possibly burning out• The decentralized AI future (and why it's not great for OpenAI)• Dark software factories where only agents write code• Whether everyone's jobs are about to disappear (spoiler: we disagree)• The SaaS-pocalypse coming for legacy software• Personal AI sovereignty and why Apple's just sitting back laughingAlso: Google's CC assistant is… fine? And we have strong opinions about Heated Rivalry.Chapters:0:00 - Intro: Skiing in Jackson Hole2:30 - Conference Takeaways: Founders Are Working Relentlessly 7:15 - AI Burnout & the 24/7 Work Cycle12:40 - Naming Your AI Agents (Friends Edition)15:20 - How Much Are You Spending on Bots?18:45 - Google CC Assistant Review22:10 - OpenClaw Meetup: 1500 People Show Up28:30 - What Even Is a Developer Anymore?35:50 - OpenAI vs Decentralized AI: The Big Debate42:15 - Personal AI & Data Sovereignty47:20 - Dark Software Factories & Agentic Engineering52:10 - Are All the Jobs Going Away?55:40 - The SaaS Apocalypse58:20 - Pop Culture: Heated Rivalry, Nancy Guthrie Case, StrangersWe're also on ↓X: https://twitter.com/moreorlesspodInstagram: https://instagram.com/moreorlessYouTube: https://youtu.be/KUA7ue5vB1EConnect with us here:1) Sam Lessin: https://x.com/lessin2) Dave Morin: https://x.com/davemorin3) Jessica Lessin: https://x.com/Jessicalessin4) Brit Morin: https://x.com/brit
We're launching an emergency podcast to talk about the Michelin Guide expanding their perimeters around the Colorado region. We are well known for hating on the Guide and their lazy judging and never showing their work....BUT they got this right with removing the pay for play for specific towns & cities. We talk briefly about who may be a viable candidate to bring home some hardware later this year.Then we have a surprise guest join the pod! Megan Gallagher, Producer of the Jackson Hole Food & Wine festival hops on to talk about the upcoming festivites. With a quick flight & a la carte party options.. this seems like a perfect excuse to get out of town for a bit & enjoy some dank eats and fresh skiing terrain. Tune in for a double dipper this week, it is sure to bring the hammer and spill some tea! Become a supporter of this podcast: https://www.spreaker.com/podcast/stoned-appetit--3077842/support.
Live from the Grand Teton Music Festival is back for its ninth season, featuring performance highlights from the Walk Festival Hall stage in Jackson Hole.Episode 1 features:Caitlin Lynch, soprano; Renée Tatum, mezzo; Clay Hilley, tenor and Seth Carico, baritone with the Grand Teton Music Festival Chorus, Barlow Bradford, director and the Grand Teton Music Festival Orchestra, Sir Donald Runnicles, conductorEric WhitacreLux AurumqueLudwig van BeethovenSymphony No. 9 in D minor, op. 125, “Choral”Movements 1 and 4Live from the Grand Teton Music Festival is hosted by Music Director Sir Donald Runnicles and GTMF General Manager Jeff Counts. Episodes premiere on Wednesdays at 8 PM MT on Wyoming Public Radio and are available the next day wherever you get your podcasts. The Grand Teton Music Festival, founded in 1962, unites over 250 celebrated orchestral musicians led by Music Director Sir Donald Runnicles in Jackson Hole, Wyoming each summer. Stay connected for the latest Festival updates: Instagram Facebook Email List GTMF Website
Kyle Leverone followed his sportswriting aspirations from the East coast to Jackson Hole. Now working for Jackson Hole News&Guide. Now the newspaper is sending him to Milan to cover the ongoing Olympic Winter Games.
Jackson Hole sports editor heads to Italy for the 2026 Winter Olympics by BYU-Idaho Radio
Cam Smith is a pro trail runner and ski mountaineer living in Crested Butte, CO. Anna Gibson is a pro trail runner and ski mountaineer living in Jackson Hole, WY. Together they are representing Team USA at the winter olympics in the Mixed Relay SkiMo race. This is the first time skimo has been included in the Olympic Games but the sport has gained increasing popularity in recent years, especially among top trail runners who often pursue the sport competitively or recreationally in the winter months. Chapters: 03:55 Introduction to Olympic Aspirations 06:46 The Emotional Finish at Solitude 09:53 Personal Journeys to the Olympics 12:43 Understanding the Mixed Relay Format 16:06 The Stakes of the Solitude Race 19:07 Margin of Victory and Team Dynamics 21:55 Recruitment and Team Building 24:48 Transition Skills in Ski Mountaineering 28:00 Lessons from Trail Running Competitions 35:21 Building Confidence Through Competition 36:26 Mentorship and Team Dynamics 38:24 Strategic Preparation for World Championships 39:04 The Evolution of Ski Mountaineering in North America 41:22 Lessons from Olympic Inclusion 44:07 Navigating Individual vs. Team Formats 47:55 The Journey to Team USA 50:48 Embracing Inexperience as a Strength 52:24 Final Training Push Before the Olympics 56:45 Mindset and Competition 01:00:35 Overcoming Health Challenges 01:04:04 Family Support and Emotional Moments 01:08:04 Looking Ahead to Future Goals Sponsors: Grab a trail running pack from Osprey Use code FREETRAIL25 for 25% off your first order of NEVERSECOND nutrition at never2.com Freetrail Links: Website | Freetrail Pro | Patreon | Instagram | YouTube | Freetrail Experts Dylan Links: Instagram | Twitter | LinkedIn | Strava
In this episode Annie Fast, Oregon-based freelance writer and former professional snowboarder, joins the Ski Moms to discuss two critical barriers facing ski families: accessible childcare at resorts and mothers competing at elite levels. Annie's investigative work for Ski Area Management revealed a troubling trend of resort daycare closures post-COVID, including Vail's Small World, Jackson Hole, and Bridger Bowl facilities, while highlighting success stories at Mount Bachelor, Mount Hood Meadows, Brundage, and Tamarack with year-round programs. She explains why finding childcare information on resort websites is nearly impossible and how this impacts both visiting families and employee retention. Annie also previews her coverage of the 2026 Milano Cortina Winter Olympics, spotlighting Olympic moms competing with young children and the challenges of decentralized venues. The conversation covers practical advocacy tips for ski families, the reality of split-day skiing for toddlers, and why true "family-friendly" resorts must offer guest childcare. Keep up with the latest from Annie!Website: https://anniefast.contently.comInstaSHOP HEREUse Code SKIMOMS for 15% off all labels. Code is not valid on sale items or stamps. Other restrictions may apply. There are 4 events happening this year at: Sugarbush, Sunday River and Stratton, plus a cross country skiing event at the von Trapp Family Lodge in Stowe. Register here, spots are limited https://www.theskimoms.co/events Find your perfect family-friendly mountain stay—or list your own!
Austin O'Bryhim with State Farm in Jackson Hole shares important updates on houses located in wildfire zones and what that means for insurance. He goes over the steps you need to take to make sure your home is insurable. www.yourjacksonagent.com
Welcome to the Jackson Hole Report - the most accurate and trusted real estate market report in the region. For the past 31 years, we have tracked every sale - not just the 65% that go through our MLS. Reach out to see how we can put this data to work for you when buying or selling real estate in Jackson Hole. To read the full report - visit www.jacksonholereport.com
This week we're bringing you a series of five episodes we always point to when people ask what Second Act Stories is all about. These "Unbelievable All-Stars" all have one thing in common: they exemplify what we're looking for in an incredible Second Act Story. Whether you're a longtime listener or brand new to the show, these episodes bring together the stories that best capture the heart of the podcast: bold choices, hard-earned wisdom, and journeys that continue to surprise and inspire. Dr. Peter Rork was a highly successful orthopedic surgeon in Jackson Hole, Wyoming. But at the age of 59, he unexpectedly lost his wife Meg and grief took hold of him. He quit his work. He stopped eating. And he and his dog Doyle retreated to a remote vacation home in Montana for three months. At the urging of a concerned friend, Peter refocused his life on animal rescue. He is the founder, president and chief pilot of "Dog Is My CoPilot," a not-for-profit group that transports animals from overcrowded kill shelters to adoption centers where families are waiting to welcome a new pet. His story has been told on CBS Sunday Morning, NBC Nightly News and The Washington Post. Dog Is My CoPilot has saved over 25,000 animals. Click here to support their important work. ******* If you enjoy Second Act Stories, please leave us a review here. We may read your review on a future episode! Subscribe to the Second Act stories Substack. Check out the Second Act Stories YouTube channel. Follow Second Act Stories on social media: Facebook LinkedIn Instagram Second Act Stories theme music: "Between 1 and 3 am" by Echoes.
#865b Show Notes: https://wetflyswing.com/865b Presented by: Fish The Fly Jason Balogh is back from Fish the Fly Guide Service to recap his season around Jackson Hole and break down how he introduces new anglers to fly fishing. We cover beginner-friendly gear, dry dropper setups, casting basics, and how to read water on big Western rivers like the Snake. Show Notes: https://wetflyswing.com/865b
Pat Cade has a PhD in mathematics, coaches high school cross country in Leadville, Colorado, and has finished the Leadville 100 six times. In this conversation, he explains what years of research math taught him about endurance: small steady progress compounds, inspiration only strikes if you're showing up every day, and sometimes the breakthrough comes when you stop following the plan and just go climb the mountain because it's beautiful outside. Pat shares how he and his wife landed in Leadville after leaving academia in New York, and how they decided to pour their energy into coaching and teaching after facing infertility. He breaks down what actually makes a good coach (hint: it's not yelling), why training at 10,000 feet requires rethinking everything you learned about recovery, and what the Leadville 100's Dream Chaser program is all about. He also attempts to explain his dissertation, including whether the universe might be shaped like a donut, in terms anyone can follow. Zoë and Brendan are mostly able to keep up. This episode is brought to you by LMNT, the tasty electrolyte drink mix with sodium, potassium, and magnesium. Pro tip for winter: heat up their chocolate salt or chocolate caramel flavors for a hydration hack that doubles as hot cocoa. And if you missed it, the fan-favorite lemonade salt is back full time. Get a free sample pack with any order at drinklmnt.com/ultrasignup. Featured Race: The Salt and Sulphur 420 is a 420-mile journey run from Salt Lake City to West Yellowstone, traversing the Wasatch Range, Bear Lake, Jackson Hole, the Tetons, and finishing at the doorstep of Yellowstone. This isn't a stage race—it's a test of resourcefulness and mental grit across four states, with all proceeds benefiting the Women's Center in Salt Lake City. Registration closes February 1st. Learn more and sign up at ultrasignup.com/register.aspx?did=118718.
In this episode of the Chuck ToddCast, Chuck tackles one of the most consequential counterfactuals in modern history: what if 9/11 never happened? He explores how the attacks fundamentally altered the American psyche, shattered a post–Cold War sense of security, and transformed how Americans consume news, driving the demand for instant information and accelerating the technologies that now dominate our lives. The conversation examines how U.S. politics, foreign policy, and polarization might have evolved without the War on Terror—no Patriot Act, no Department of Homeland Security, no Iraq War—and whether the political forces that produced figures like Trump and Obama would have emerged at all. From global relationships with Russia and China to the delayed reckoning over economic inequality and partisan division, this episode traces the ripple effects of an event that reshaped everything, and asks what might have filled the vacuum if it had never occurred. Then, Jonathan Martin, the politics bureau chief and senior political columnist at POLITICO joins the Chuck ToddCast to walk through his bold predictions for the political landscape heading into 2026, starting with the idea that Donald Trump’s second term is less about governing and more about validation, legacy, and self-mythmaking. The conversation explores Trump as a pop-culture figure obsessed with monuments, family dynasty, and loyalty—rather than policy—along with why the country proved vulnerable to a political huckster in the first place. Martin breaks down why a Supreme Court vacancy could reshape the cycle, why GOP turnout may sag without Trump on the ballot, and which Senate races—from Nebraska to Florida to Ohio—could unexpectedly come into play. The episode also looks ahead to the fault lines inside both parties: potential Trump family bids, early jockeying for the post-Trump GOP, and Democratic candidates who may help—or hurt—their own chances. Martin weighs in on foreign policy flashpoints that could define the next two years, from Iran to Venezuela to Trump’s transactional approach with China, as well as internal administration instability and cabinet shakeups. Plus, sharp takes on approval ratings, California’s unsettled political bench, why political dynasties still matter, and—because it wouldn’t be a Chuck Todd conversation without it—a few college football predictions to close things out. Thank you Wildgrain for sponsoring. Visit http://wildgrain.com/TODDCAST and use the code "TODDCAST" at checkout to receive $30 off your first box PLUS free Croissants for life! Timeline: (Timestamps may vary based on advertisements) 00:00 Chuck Todd’s introduction 03:00 “What if” 9/11 never happened? 03:45 9/11 changed how Americans consumed information 04:30 9/11 was the first true “hit” on the homeland 05:30 9/11 create a new sense of vulnerability in America 06:45 The trauma from 9/11 changed the American psyche 08:45 Prior to 9/11, America was living in a post cold-war calm 09:30 In 2000, the west was trying to court Russia into joining them 10:15 Both parties will bullish on integrating China into the world 11:45 Bush would have been more western hemisphere focused 12:45 Without 9/11, Washington would have been more polarized 13:45 The Bush presidency essentially began on 9/11 15:30 9/11 triggered a “need” for immediate information 16:30 Social media is created to provide immediate info 17:15 There’s no Patriot Act, Iraq war, War on Terror without 9/11 18:30 There would be no Department of Homeland Security 19:45 Homeland Security eventually became an immigration agency 21:45 The isolationist strain of MAGA may not materialize 23:15 Some of the responses to 9/11 led to rise of MAGA politics 25:00 9/11 created a new sense of urgency for following the news 26:15 9/11 sped up the adoption of new information technologies 28:15 Do we not have Trump or Obama without hyper-engaged politics? 29:00 John Kerry probably isn’t the nominee in 2004 without 9/11 30:30 What replaces 9/11 if it never happened? 30:45 Financial crisis still happens anyways 31:45 9/11 delayed the “uniparty reckoning” 32:45 Occupy Wall Street would supplant Tea Party as driving force in 2010 34:00 Without Iraq War, there’s less distinction between Clinton & Obama 35:30 9/11 delayed polarization, economic issues by a few years 37:30 “If 9/11 never happened” final conclusions 40:30 “What Ifs” left on the cutting room floor 49:00 Jonathan Martin joins the Chuck ToddCast 51:15 Of his 16 predictions for 2026, which ones stood out the most? 52:00 Trump’s second term is a victory lap, more about validation 53:00 Trump is obsessed with building monuments to himself 54:30 Trump doesn’t take the job seriously 56:30 Trump will likely slap his name on the memorial bridge 57:00 Trump is most like Teddy Roosevelt 58:15 Trump is more a pop culture archetype than a political one 59:00 The country turned out to be vulnerable to a huckster 59:30 Prediction of a Supreme Court seat coming open in 2026 1:00:30 Alito more likely to retire than Thomas 1:01:45 By October, it will be clear that senate is in play 1:03:00 Nebraska Dems cleared field for Dan Osborne 1:04:00 Trump not being on ballot could really suppress GOP turnout 1:05:30 Rumors that Don Jr. could run in Wyoming? 1:07:30 Folks in Jackson Hole with money always exploring political runs 1:08:15 Potential SCOTUS nominees if there’s a retirement? 1:09:45 The senate appointees from FL & OH get no traction 1:11:00 Paxton vs. Crockett would be a fascinating race in TX 1:11:45 Dems have a much better shot of winning in OH than TX 1:14:00 Biden could have cut deals with McConnell if government was split 1:15:15 Predictions on next country Trump hits with air strikes? 1:15:45 Regime in Iran could collapse in 2026 1:17:30 Netanyahu could be seen as most unstable force in middle east 1:18:30 Venezuela could become a huge political problem for Trump 1:20:30 In 1st term, leaks were about Trump, now they’re about cabinet 1:21:15 Kash Patel, Kristi Noem most likely to get booted from administration 1:23:30 GOP has political liabilities in Florida, senate race could be interesting 1:25:45 Could Jared Moskowitz be the wild card in the FL senate race? 1:26:30 Trump could be at 30% approval by Labor Day 1:27:15 Dem candidates that could hurt their chances by writing a book? 1:28:00 Without Covid, Buttigieg is likely the nominee in 2020 1:29:30 Newsom is easy to create a caricature of 1:30:30 Buttigieg is too smart to win in electoral politics 1:31:30 CA governor’s race field still doesn’t feel set 1:34:15 Swalwell can raise money, has backing from Pelosi 1:36:15 "Former mayor of SF” is a title that will sink you nationally 1:37:45 Ro Khanna avoids being associated with California 1:38:30 Which Republicans are most likely to challenge Vance? 1:39:45 A Trump will be a candidate, Donald obsessed with family name in politics 1:41:00 Trump won’t just hand off his coalition to Vance 1:42:15 Trump wants to create a political dynasty 1:44:30 Trump will get cozy with China, then claim he averted WW3 1:45:30 College football predictions 1:59:00 Chuck’s college football playoff reactionSee omnystudio.com/listener for privacy information.
Jonathan Martin, the politics bureau chief and senior political columnist at POLITICO joins the Chuck ToddCast to walk through his bold predictions for the political landscape heading into 2026, starting with the idea that Donald Trump’s second term is less about governing and more about validation, legacy, and self-mythmaking. The conversation explores Trump as a pop-culture figure obsessed with monuments, family dynasty, and loyalty—rather than policy—along with why the country proved vulnerable to a political huckster in the first place. Martin breaks down why a Supreme Court vacancy could reshape the cycle, why GOP turnout may sag without Trump on the ballot, and which Senate races—from Nebraska to Florida to Ohio—could unexpectedly come into play. The episode also looks ahead to the fault lines inside both parties: potential Trump family bids, early jockeying for the post-Trump GOP, and Democratic candidates who may help—or hurt—their own chances. Martin weighs in on foreign policy flashpoints that could define the next two years, from Iran to Venezuela to Trump’s transactional approach with China, as well as internal administration instability and cabinet shakeups. Plus, sharp takes on approval ratings, California’s unsettled political bench, why political dynasties still matter, and—because it wouldn’t be a Chuck Todd conversation without it—a few college football predictions to close things out. Thank you Wildgrain for sponsoring. Visit http://wildgrain.com/TODDCAST and use the code "TODDCAST" at checkout to receive $30 off your first box PLUS free Croissants for life! Timeline: (Timestamps may vary based on advertisements) 00:00 Jonathan Martin joins the Chuck ToddCast 02:15 Of his 16 predictions for 2026, which ones stood out the most? 03:00 Trump’s second term is a victory lap, more about validation 04:00 Trump is obsessed with building monuments to himself 05:30 Trump doesn’t take the job seriously 07:30 Trump will likely slap his name on the memorial bridge 08:00 Trump is most like Teddy Roosevelt 09:15 Trump is more a pop culture archetype than a political one 10:00 The country turned out to be vulnerable to a huckster 10:30 Prediction of a Supreme Court seat coming open in 2026 11:30 Alito more likely to retire than Thomas 12:45 By October, it will be clear that senate is in play 14:00 Nebraska Dems cleared field for Dan Osborne 15:00 Trump not being on ballot could really suppress GOP turnout 16:30 Rumors that Don Jr. could run in Wyoming? 18:30 Folks in Jackson Hole with money always exploring political runs 19:15 Potential SCOTUS nominees if there’s a retirement? 20:45 The senate appointees from FL & OH get no traction 22:00 Paxton vs. Crockett would be a fascinating race in TX 22:45 Dems have a much better shot of winning in OH than TX 25:00 Biden could have cut deals with McConnell if government was split 26:15 Predictions on next country Trump hits with air strikes? 26:45 Regime in Iran could collapse in 2026 28:30 Netanyahu could be seen as most unstable force in middle east 29:30 Venezuela could become a huge political problem for Trump 31:30 In 1st term, leaks were about Trump, now they’re about cabinet 32:15 Kash Patel, Kristi Noem most likely to get booted from administration 34:30 GOP has political liabilities in Florida, senate race could be interesting 36:45 Could Jared Moskowitz be the wild card in the FL senate race? 37:30 Trump could be at 30% approval by Labor Day 38:15 Dem candidates that could hurt their chances by writing a book? 39:00 Without Covid, Buttigieg is likely the nominee in 2020 40:30 Newsom is easy to create a caricature of 41:30 Buttigieg is too smart to win in electoral politics 42:30 CA governor’s race field still doesn’t feel set 45:15 Swalwell can raise money, has backing from Pelosi 47:15 "Former mayor of SF” is a title that will sink you nationally 48:45 Ro Khanna avoids being associated with California 49:30 Which Republicans most likely to challenge Vance? 50:45 A Trump will be a candidate, Donald obsessed with family name in politics 52:00 Trump won’t just hand off his coalition to Vance 53:15 Trump wants to create a political dynasty 55:30 Trump will get cozy with China, then claim he averted WW3 56:30 College football predictionsSee omnystudio.com/listener for privacy information.
863 Show Notes: https://wetflyswing.com/863 Presented by: Yellowstone Teton Territory - Visit Idaho If you're trying to figure out where you can find giant stoneflies in July, chase technical midge eaters in March, and explore private spring creeks, all while staying in a five-star lodge that's not priced like Jackson Hole, this episode shows you exactly where that place exists. Today we're heading into Swan Valley, right in the heart of one of the most epic fishing zones in the West, with John and Liz Douville, owners of River Retreat Lodge. We dig into how they ended up buying a lodge in the middle of COVID, why March might actually be one of the best fishing months of the year, and how this area quietly sits at the crossroads of the South Fork, spring creeks, big wildlife, and wide-open country. Show Notes: https://wetflyswing.com/863
Steven Rubin is the CEO of Collared Martin Hospitality, the management company behind Faraway Hotels, with a career that's zigzagged from overnight manager at a 600-room Marriott in 1999 New York City to revenue strategy trailblazer and culture-first leader. He's helped open and grow iconic lifestyle hotels at Kimpton, led across operations, asset management, and hospitality tech, and now steers an independent, experience-obsessed brand expanding from Nantucket and Martha's Vineyard into Sag Harbor and Jackson Hole. Susan and Steve talk about muses, markets, and management—brand-building. What You'll Learn About: • How to think about the "best" path to GM in different segments, from luxury F&B to commercial • What overnight shifts in late-90s New York teach you about composure, guest recovery, and not losing your mind • Why Steven moved from front desk chaos to revenue zen, and how that one decision rewired his whole career • Why Collared Martin is betting on high-barrier leisure markets like Nantucket, Martha's Vineyard, Sag Harbor, and Jackson Hole • The madness and method of onboarding 26 tech systems in a brand-new management company • How Faraway's fictional female muses shape design, rituals, and guest touchpoints in each destination • Where AI can actually enhance a stay (hello, smarter pre-arrival notes) and where lazy prompts will absolutely backfire • The one thing Steven would change about hotel management companies: caring more loudly, clearly, and courageously *** Our Top Three Takeaways 1. Leadership Begins With Self-Awareness and Empathy Steven's stories from overnight relocations in New York City to his Kimpton-era emotional intelligence training highlight one central theme: great hospitality leadership starts with understanding people. His guiding principle, "seek first to understand, then to be understood," shapes how he handles guests, conflict, and his executive team's two-word check-ins. This human-centered approach influences Collared Martin Hospitality's culture and his belief in caring deeply for employees and guests. 2. Place-Based Storytelling Creates Brand Magic The Faraway brand's muses, fictional women inspired by each destination, guide design, rituals, service cues, and even pre-arrival moments. This narrative framework ensures that each hotel feels rooted in its location rather than created from a template. Steven's examples, including Susan Bloomfield, the pirate captain in Nantucket, show how authentic local storytelling can inform guest experience without becoming cheesy or generic. 3. Seasonal Markets Require Creative Multi-Sensory Training and Talent Strategies Operating in high-barrier leisure destinations means rebuilding teams every year. Steven is developing a multi-sensory training model that blends visual, auditory, kinesthetic, and cognitive learning to rapidly onboard seasonal staff from around the world. His openness about still learning, experimenting, and adjusting systems, including onboarding 26 technology platforms in a single month, offers practical ideas for hotels that work with seasonal labor or rapid openings. Steven Rubin on LinkedIn https://www.linkedin.com/in/stevenmrubin/ Collared Martin https://www.collaredmartin.com/ Other Episodes You May Like: 193: Room for Trouble with Scott Roby https://www.topfloorpodcast.com/episode/193 183: Bathtub Disaster with Sloan Dean https://www.topfloorpodcast.com/episode/183 150: Wedding Wing Man with Jen Barnwell https://www.topfloorpodcast.com/episode/150
Seattle and Jackson Hole are the focus of this different Christmas episode. In Seattle, I checked out "The Common Line" snowboard event (which was incredible!!) and I talked to a few legends who stand sideways. After that, I caught up with skier and recent avalanche survivor, Adam U, before he played a punk rock show with his band Krontonamo. A couple days later, I traveled to Jackson Hole with the Outside Life crew to emcee an event and while I was there, I caught up with some more forward-facing legends. It's a different episode that I think you'll like. Seattle to Jackson Hole Show Notes: 4:00: "The Common Line" Jesse Burtner, Pat Bridges, Colin Wiseman, Krush 19:00: Ski Idaho: With 19 mountains, a ton of snow and no lift lines, why wouldn't you Visit Idaho Stanley: The brand that invented the category! Only the best for Powell Movement listeners. Check out Stanley1913.com Best Day Brewing: All of the flavor of your favorite IPA or Kolsch, without the alcohol, the calories or sugar. 24:00: Adam U, Jackson Hole, Austin Lux 39:30: Elan Skis: Over 75 years of innovation that makes you better. Thermic Heated Socks: If you have cold feet, there's nothing better than thermic Outdoor Research: Click here for 25% off Outdoor Research products (not valid on sale items or pro products) 43:00: Austin Lux, Tommy Moe, Jason Strong, Tim Durtschi, Sick Rick Armstrong, Scott Davidson, and Wade Mckoy
This is a special interview with Kit DesLauriers – the person to ski the Seven Summits – the highest mountains on each of the planet's seven continents. I read Kit's book ‘Higher Love' in the summer of 2025 and was blown away by her bravery, courage, determination and, quite frankly, by her incredible organisation. During our conversation Kit covers her background in skiing as a former Freeride World Tour champion, as well as explaining the logistical, physical and physiological challenges she faced while tackling the Seven Summits. This episode is the latest in a series of interviews with high-achieving women in the world of snowsports. Previous episodes in this series have included interviews with Vicky Gosling, CEO of GB Snowsport, BBC Ski Sunday's Chemmy Alcott and founder of YSE Ski Fiona Easdale, as well as the Team GB freestyle skiers Zoe Atkin and Kirsty Muir. SHOW NOTES Read Kit's book: ‘Higher Love: Climbing and Skiing the Seven Summits' Kit learned cross country skiing first (7:00) Skiing in Verbier (9:00) Chamonix and Alagna (13:00) Kit worked on the ski patrol at Telluride (14:00) Moving to Jackson Hole (16:15) Joining the World Freeski Tour (17:30) Being sponsored by The North Face (19:00) Dick Bass gifting his book (21:00) Mt Elbrus (27:00) Listen to Iain's interview with Dan Egan (28:00) Vinson Massif, Antarctica (29:00) Using neoprene over boots (30:00) Aconcagua (31:00) Mount Kilimanjaro (35:00) Was Everest always going to be last? (38:00) ‘Complete autonomy' contract with Dave Hahn (40:30) Buddhist blessings (44:00) A call from Megan Carney (47:30) Jimmy Chin (52:00) Skiing from the summit of Everest (53:00) Skiing the Lhotse Face (54:00) Becoming a parent (58:00) The Brooks Range of Alaska (59:00) Feedback You can leave a comment on Spotify, Instagram or Facebook – our handle is @theskipodcast – or drop me an email to theskipodcast@gmail.com You can also follow us on WhatsApp for exclusive material released ahead of the podcast. Take part in our 2025 Listener Survey and you could win £400 worth of prizes. There are now 286 episodes of The Ski Podcast to catch up with. If you've enjoyed this episode, then go to theskipodcast.com, have a search around the tags and categories and you're bound to find plenty more to listen to. If you'd like to help the podcast, there are three things you can do: - you can follow us, or subscribe, so you never miss an episode - you can give us a review on Apple Podcasts or leave a comment on Spotify - And, if you're booking ski hire this winter, don't forget that you save money on your ski hire with an additional discount by using the code ‘SKIPODCAST' when you book at intersportrent.com. Simply take this link in the show notes for your discount to be automatically applied.
WhoMike Giorgio, Vice President and General Manager of Stowe Mountain, VermontRecorded onOctober 8, 2025About StoweClick here for a mountain stats overviewOwned by: Vail Resorts, which also owns:Located in: Stowe, VermontYear founded: 1934Pass affiliations:* Epic Pass: unlimited access* Epic Local Pass: unlimited access with holiday blackouts* Epic Northeast Value Pass: 10 days with holiday blackouts* Epic Northeast Midweek Pass: 5 midweek days with holiday blackouts* Access on Epic Day Pass All and 32 Resort tiers* Ski Vermont 4 Pass – up to one day, with blackouts* Ski Vermont Fifth Grade Passport – 3 days, with blackoutsClosest neighboring U.S. ski areas: Smugglers' Notch (ski-to or 40-ish-minute drive in winter, when route 108 is closed over the notch), Bolton Valley (:45), Cochran's (:50), Mad River Glen (:55), Sugarbush (:56)Base elevation: 1,265 feet (at Toll House double)Summit elevation: 3,625 feet (top of the gondola), 4,395 feet at top of Mt. MansfieldVertical drop: 2,360 feet lift-served, 3,130 feet hike-toSkiable acres: 485Average annual snowfall: 314 inchesTrail count: 116 (16% beginner, 55% intermediate, 29% advanced)Lift count: 12 (1 eight-passenger gondola, 1 six-passenger gondola, 1 six-pack, 3 high-speed quads, 1 fixed-grip quad, 1 triple, 2 doubles, 2 carpets)Why I interviewed himThere is no Aspen of the East, but if I had to choose an Aspen of the East, it would be Stowe. And not just because Aspen Mountain and Stowe offer a similar fierce-down, with top-to-bottom fall-line zippers and bumpy-bumps spliced by massive glade pockets. Not just because each ski area rises near the far end of densely bunched resorts that the skier must drive past to reach them. Not just because the towns are similarly insular and expensive and tucked away. Not just because the wintertime highway ends at both places, an anachronistic act of surrender to nature from a mechanized world accustomed to fencing out the seasons. And not just because each is a cultural stand-in for mechanized skiing in a brand-obsessed, half-snowy nation that hates snow and is mostly filled with non-skiers who know nothing about the activity other than the fact that it exists. Everyone knows about Aspen and Stowe even if they'll never ski, in the same way that everyone knows about LeBron James even if they've never watched basketball.All of that would be sufficient to make the Stowe-is-Aspen-East argument. But the core identity parallel is one that threads all these tensions while defying their assumed outcome. Consider the remoteness of 1934 Stowe and 1947 Aspen, two mountains in the pre-snowmaking, pre-interstate era, where cutting a ski area only made sense because that's where it snowed the most. Both grew in similar fashion. First slowly toward the summit with surface lifts and mile-long single chairs crawling up the incline. Then double chairs and gondolas and snowguns and detachable chairlifts. A ski area for the town evolves into a ski area for the world. Hotels a la luxe at the base, traffic backed up to the interstate, corporate owners and $261 lift tickets.That sounds like a formula for a ruined world. But Stowe the ski area, like Aspen Mountain the ski area, has never lost its wild soul. Even buffed out and six-pack equipped and Epic Pass-enabled, Stowe remains a hell of a mountain, one of the best in New England, one of my favorite anywhere. With its monster snowfalls, its endless and perfectly spaced glades, its never-groomed expert zones, its sprawling footprint tucked beneath the Mansfield summit, its direct access to rugged and forbidding backcountry, Stowe, perhaps the most western-like mountain in the East, remains a skier's mountain, a fierce and humbling proving ground, an any-skier's destination not because of its trimmings, but because of the Christmas tree itself.Still, Stowe will never be Aspen, because Stowe does not sit at 8,000 feet and Stowe does not have three accessory ski areas and Stowe the Town does not grid from the lift base like Aspen the Town but rather lies eight miles down the road. Also Stowe is owned by Vail Resorts, and can you just imagine? But in a cultural moment that assumes ski area ruination-by-the-consolidation-modernization-mega-passification axis-of-mainstreaming, Aspen and Stowe tell mirrored versions of a more nuanced story. Two ski areas, skinned in the digital-mechanical infrastructure that modernity demands, able to at once accommodate the modern skier and the ancient mountain, with all of its quirks and character. All of its amazing skiing.What we talked aboutStowe the Legend; Vail Resorts' leadership carousel; ascending to ski area leadership without on-mountain experience; Mount Brighton, Michigan and Midwest skiing; struggles at Paoli Peaks, Indiana; how the Sunrise six-pack upgrade of the old Mountain triple changed the mountain; whether the Four Runner quad could ever become a six-pack; considering the future of the Lookout Double and Mansfield Gondola; who owns the land in and around the ski area; whether Stowe has terrain expansion potential; the proposed Smugglers' Notch gondola connection and whether Vail would ever buy Smuggs; “you just don't understand how much is here until you're here”; why Stowe only claims 485 acres of skiable terrain; protecting the Front Four; extending Stowe's season last spring; snowmaking in a snowbelt; the impact and future of paid parking; on-mountain bed-base potential; Epic Friend 50 percent off lift tickets; and Stowe locals and the Epic Pass.What I got wrongOn detailsI noted that one of my favorite runs was not a marked run at all: the terrain beneath the Lookout double chair. In fact, most of the trail beneath this mile-plus-long lift is a market run called, uh, “Lookout.” So I stand corrected. However, the trailmap makes this full-throttle, narrow bumper – which feels like skiing on a rising tide – look wide, peaceful, and groomable. It is none of those things, at least for its first third or so.On skiable acres* I said that Killington claimed “like 1,600 acres” of terrain – the exact claimed number is 1,509 acres.* I said that Mad River Glen claimed far fewer skiable acres than it probably could, but I was thinking of an out-of-date stat. The mountain claims just 115 acres of trails – basically nothing for a 2,000-vertical-foot mountain, but also “800 acres of tree-skiing access.” The number listed on the Pass Smasher Deluxe is 915 acres.On season closingsI intimated that Stowe had always closed the third weekend in April. That appears to be mostly true for the past two-ish decades, which is as far back as New England Ski History has records. The mountain did push late once, however, in 2007, and closed early during the horrible no-snow winter of 2011-12 (April 1), and the Covid-is-here-to-kill-us-all shutdown of 2020 (March 14).On doing better prepI asked whether Stowe had considered making its commuter bus free, but it, um, already is. That's called Reeserch, Folks.On lift ticket ratesI claimed that Stowe's top lift ticket price would drop from $239 last year to $235 this coming season, but that's inaccurate. Upon further review, the peak walk-up rate appears to be increasing to $261 this coming winter:Which means Vail's record of cranking Stowe lift ticket rates up remains consistent:On opening hoursI said that the lifts at Stowe sometimes opened at “7:00 or 7:30,” but the earliest ski lift currently opens at 8:00 most mornings (the Over Easy transit gondola opens at 7:30). The Fourrunner quad used to open at 7:30 a.m. on weekends and holidays. I'm not sure when mountain ops changed that. Here's the lift schedule clipped from the circa 2018 trailmap:On Mount Brighton, Michigan's supposed trashheap legacyI'd read somewhere, sometime, that Mount Brighton had been built on dirt moved to make way for Interstate 96, which bores across the state about a half mile north of the ski area. The timelines match, as this section of I-96 was built between 1956 and '57, just before Brighton opened in 1960. This circa 1962 article from The Livingston Post, a local paper, fails to mention the source of the dirt, leaving me uncertain as to whether or not the hill is related to the highway:Why you should ski StoweFrom my April 10 visit last winter, just cruising mellow, low-angle glades nearly to the base:I mean, the place is just:I love it, Man. My top five New England mountains, in no particular order, are Sugarbush, Stowe, Jay, Smuggs, and Sugarloaf. What's best on any given day depends on conditions and crowding, but if you only plan to ski the East once, that's your list.Podcast NotesOn Stowe being the last 1,000-plus-vertical-foot Vermont ski area that I featured on the podYou can view the full podcast catalogue here. But here are the past Vermont eps:* Killington & Pico – 2019 | 2023 | 2025* Stratton 2024* Okemo 2023* Middlebury Snowbowl 2023* Mount Snow 2020 | 2023* Bromley 2022* Jay Peak 2022 | 2020* Smugglers' Notch 2021* Bolton Valley 2021* Hermitage Club 2020* Sugarbush 2020 with current president John Hammond | 2020 with past owner Win Smith* Mad River Glen 2020* Magic Mountain 2019 | 2020* Burke 2019On Stowe having “peers, but no betters” in New EnglandWhile Stowe doesn't stand out in any one particular statistical category, the whole of the place stacks up really well to the rest of New England - here's a breakdown of the 63 public ski areas that spin chairlifts across the six-state region:On the Front Four ski runsThe “Front Four” are as synonymous with Stowe as the Back Bowls are with Vail Mountain or Corbet's Couloir is with Jackson Hole. These Stowe trails are steep, narrow, double-plus-fall-line bangers that, along with Castlerock at Sugarbush and Paradise at Mad River Glen, are among the most challenging runs in New England.The problem is determining which of the double-blacks spiderwebbing off the top of Fourrunner are part of the Front Four. Officially, the designation has always bucketed National, Liftline, Goat, and Starr together, but Bypass, Haychute, and Lookout could sub in most days. Credit to Stowe for keeping these wild trails intact for going on a century, but what I said about them “not being for the masses” on the podcast wasn't quite accurate, as the lower portions of many - especially Liftline - are wide, often groomed, and not particularly treacherous. The best end-to-end trail is Goat, which is insanely steep and narrow up top. Here's part of Goat's middle-to-lower section, which is mellower but a good portrayal of New England bumpy, exposed-dirt-and-rocks gnar, especially at the :19 mark:The most glorious ego boost (or ego check) is the few hundred vertical feet of Liftline directly below Fourrunner. Sound on for scrapey-scrape:When the cut trails get icy, you can duck into the adjacent glades, most of which are unmarked but skiable. Here, I bailed into the trees skier's left of Starr to escape the ice rink:On Vail Resorts' leadership shufflesTwelve of Vail's 37 North American ski areas began the 2024-25 ski season with a different leader than they ended the 2023-24 ski season with. This included five of the company's New England resorts, including Stowe. Giorgio, in fact, became the ski area's third general manager in three winters, and the fourth since Vail acquired the ski area in 2017. I asked Giorgio about this, as a follow up to a similar set of questions I'd laid out for Vail Resorts CEO Rob Katz in August:I may be overthinking this, but check this out: between 2017 and 2024, Vail Resorts changed leadership at its North American ski areas more than 70 times - the yellow boxes below mark a new president-general-manager equivalent (red boxes indicate that Vail did not yet own the ski area):To reset my thinking here: I can't say that this constant leadership shuffle is inherently dysfunctional, and most Vail Resorts employees I speak with appreciate the company's upward-mobility culture. And I consistently find Vail's mountain leaders - dozens of whom I have hosted on this podcast - to be smart, earnest, and caring. However, it's hard to imagine that the constant turnover in top management isn't at least somewhat related to Vail Resorts' on-the-ground reputational issues, truncated seasons at non-core ski areas (see Paoli Peaks section below), and general sense that the company's arc of investment bends toward its destination resorts.On Peak ResortsVail purchased all of Peak Resorts, including Mount Snow, where Giorgio worked, in 2019. Here's that company's growth timeline:On Vernon Valley-Great GorgeThe ski area now known as Mountain Creek was Vernon Valley-Great Gorge until 1997. Anyone who grew up in the area still calls the joint by its legacy name.On Paoli Peaks versus Perfect NorthMy hope is that if I complain enough about Paoli Peaks, Vail will either invest enough in snowmaking to tranform it into a functional ski area or sell it. Here are the differences between Paoli's season lengths since 2013 as compared to Perfect North, its competitor that is the only other active ski area in the state:What explains this longstanding disparity, which certainly predates Vail's 2019 acquisition of the ski area? Paoli does sit southwest of Perfect North, but its base is 200 feet higher (600 feet, versus 400 for Perfect), so elevation doesn't explain it. Perfect does benefit from a valley location, which, longtime GM Jonathan Davis told me a few years back, locks in the cold air and supercharges snowmaking. The simplest answer, however, is probably the correct one: Perfect North has built one of the most impressive snowmaking systems on the planet, and they use it aggressively, cranking more than 200 guns at once. At peak operations, Perfect can transform from green grass to skiable terrain in just a couple of days.So yes, Perfect has always been a better operation than Paoli. But check this out: Paoli's performance as compared to Perfect's has been considerably worse in the five full seasons of Vail Resorts' ownership (excluding 2019-20), than in the six seasons before, with Perfect besting Paoli to open by an average of 21 days before Vail arrived, and by 31 days after. Perfect's seasons lasted an average of 25 days longer than Paoli's before Vail arrived, and 38 days longer after:Yes, Paoli is a uniquely challenged ski area, but I'm confident that someone can do a better job running this place than Vail has been doing since 2019. Certainly, that someone could be Vail, which has the resources and institutional knowledge to transform this, or any ski area, into a center of SnoSportSkiing excellence. So far, however, they have declined to do so, and I keep thinking of what Davis, Perfect North's longtime GM, said on the pod in 2022: “If Vail doesn't want [its ski areas in Indiana and Ohio], we'll take them!”On the 2022 Sunrise Six replacement for the tripleIn 2022, Stowe replaced the Mountain triple chair, which sat up a flight of steep steps from the parking lot, with the at-grade Sunrise six-pack. It was the kind of big-time lift upgrade that transforms the experience of an entire ski area for everyone, whether they use the new lift or not, by pulling skiers toward a huge pod of underutilized terrain and away from longtime alpha lifts Fourrunner and the Mansfield Gondola.On Fourrunner as a vert machineStowe's Fourruner high-speed quad is one of the most incredible lifts in American skiing, a lightspeed-fast base-to-summit, 2,040-vertical-foot monster with direct access to some of the best terrain west of A-Basin.The highest vert total in my 54-day 2024-25 ski season came (largely) courtesy of this lift - and I only skied five-and-a-half hours:On Stowe-Smuggs proximity and the proposed gondola and a long drive in winterAdventurous skiers can skin or hike across the top of Stowe's Spruce Peak and ski down into the Smugglers' Notch ski area. An official ski trail once connected them, and Smuggs proposed a gondola connector a couple of years back. If Vail were to purchase sprawling Smuggs, a Canyons-Park City mega-connection – while improbable given local environmental lobbies -could instantly transform Stowe into one of the largest ski areas in the East.On Jay Peak's big snowmaking upgradesI referenced big offseason snowmaking upgrades for water-challenged (but natural-snow blessed), Jay Peak. I was referring to this:This season brings an over $1.5M snowmaking upgrade that's less about muscle and more about brains. We've added 49 brand new HKD Low E air-water snowmaking guns—32 on Queen's Highway and 17 on Perry Merrill. These aren't your drag-'em-out, hook-'em-up, hope-it's-cold-enough kind of guns. They're fixed in place for the season and far more efficient, using much less compressed air than the ones they replace. Translation: better snow, less energy.On Perry Merrill, things get even slicker. We've installed HKD Klik automated hydrants that come with built-in weather stations. The second temps hit 28 degrees wetbulb, these hydrants kick on automatically and adjust the flow as the mercury drops. No waiting, no guesswork, no scrambling the crew. The end result? Those key connecting trails between Tramside and Stateside get covered faster, which means you can ski from one side to the other—or straight back to your condo—without having to hop on a shuttle with your boots still buckled. …It's all part of a bigger 10-year snowmaking plan we're rolling out—more automation, better efficiency, and ultimately, better snow for you to ski and ride on.The Storm explores the world of lift-served skiing year-round. Join us. Get full access to The Storm Skiing Journal and Podcast at www.stormskiing.com/subscribe
Jackson Hole Film Festival 2025 with Nikki Sixx by KHOL
Today's puzzle had a wry, perfect-for-a-Monday theme: if it was a hat, it would definitely be stylish and arranged at a rakish angle. We were surprised, tickled, and put into full chortle mode by, respectively, 1D, Magic charms, MOJOS (assuredly not on our Monday crossword bingo card); 5D, The eyes may have it, MASCARA; and 24A, Run out of clothes?, STREAK.Besides the crossword, in honor of Monday we have picked our JAMCOTWA™️ (Jean And Mike Crossword Of The Week Award), and we challenge you, dear reader/listener, to see if you can guess which one we picked.Show note imagery: JACKSONHOLE, where snow removal never stops
Is Middle America about to snap? Today we break down Hannah Cox's explosive analysis of why the real poverty line may be closer to 140k and why millions of families feel trapped in an economy that punishes hard work. Austin and Stephanie unpack the bleak reality facing the middle class as 2025 closes. Then we turn up the holiday cheer with Freedom Family Friday.
The 2025 Jackson Hole International Film Festival will take place December 11-14 and feature over a dozen movies from across the creative spectrum. KHOL Film Critic Jeff Counts got a chance to talk to the creators of three of the films about their projects and what it means to be part of the Festival.
We uncover the insider secrets real estate pros wish every buyer and seller knew. From navigating tricky seller disclosures to avoiding costly pricing mistakes, our experts break down the overlooked details that can make or break your next move. Learn how to boost your home's resale value, the updates that truly pay off, and the things you should never say to your real estate agent. We also share top tips to spruce up your home with selling in mind and smart strategies for choosing the right property in any market. Guests include Kati Spaniak, real estate professional with eXp Realty; Rebecca Hidalgo, real estate broker with Integrity All Star Realty; Mallory Slesser, real estate broker with Baird & Warner; Kathleen McQuilkin, real estate professional with RE/MAX Professional Realty; Kirsten Jordan, real estate broker with the Corcoran Group and alum of Bravo's "Million Dollar Listing New York"; and Latham Jenkins, associate broker with Live Water Properties in Jackson Hole, Wyoming. Plus, in our Hot or Not segment, we look at two home design trends: formal dining rooms with built-ins and coastal modern design
S3 E15 Birthday Resolutions Episode In this special Birthday Resolutions Episode of Cocktails with Friends, Bob Cutler opens with humor and honesty, pouring a Wyoming Whiskey Buffalo Bill Cody Special Release and inviting his co-host and fitness-minded friend Rich Stoner to help him prepare for a healthier year—and an upcoming ski trip to Jackson Hole. Key Topics Resolutions with Realism Instead of extreme diets or long gym hours, the episode focuses on attainable steps—better meal timing, short workouts, and incremental progress that fits a demanding schedule. Whiskey and Wellness Wyoming Whiskey's Buffalo Bill release serves as both a tasting highlight and a metaphor for resilience, reminding listeners that balance and enjoyment can coexist with discipline. The Value of Accountability Bob's podcast commitment to fitness—shared with listeners—turns a friendly conversation into a motivational pact between friends and fans alike. Episode Index (1:05–2:40) Bob and Rich share pours of Wyoming Whiskey Buffalo Bill Cody Special Release, discussing Buffalo Bill's Medal of Honor and the lore behind the label. (6:13–7:10) Bob recalls struggling with altitude in Jackson Hole and decides to improve his fitness before his next trip. (9:43–10:17) Rich introduces his background as a certified trainer and outlines the importance of winning small nutrition battles. (12:15–13:46) Quick, intense workouts beat marathon gym sessions; success is about consistency and intensity, not duration. (14:20–15:41) Rich proposes an eight-week strength and conditioning program with balanced nutrition and realistic goals for busy adults.
Cait Rifkin the GM of Snake River Roasting Co. joined the Coffee People podcast to chat about her Hallmark-ian journey from Wisconsin to Jackson Hole, WY and to share some advice for finding your path. Head to www.coffeepeoplepodcast.com for links from the show, context to our conversation, and much more.Find Snake River Roasting online at: www.snakeriverroastingco.com, and on YouTube: @snakeriverroastingcoHead to www.coffeepeoplepodcast.com for links from the show, context to our conversation, and much more.The link to the Simply Good Coffee Brewer can be found here: https://www.coffeepeoplepodcast.com/simply-good-coffee-brewer-review/Our direct affiliate link for the brewer is: https://partners.simplygoodcoffee.com/roastCoffee People is presented by Roastar, Inc., the premier coffee packaging company utilizing digital printing. Roastar enables small-to-gigantic coffee businesses tell a big story. Learn more at https://bit.ly/4gIsHff.Follow @roastar on Instagram.Coffee Smarter shares the collected wisdom of the coffee industry, and is an offshoot of the Coffee People podcast. Coffee People is one of the premier coffee and entrepreneurship podcasts, featuring interviews with professionals in the coffee industry and coffee education. Host Ryan Woldt interviews roastery founders, head roasters, coffee shop owners, scientists, artists, baristas, farmers, green coffee brokers, and more.This show is also supported by Marea Coffee , Cape Horn Green Coffee Importers, Sivitz Roasting Machines, Relative Coffee Company, Coffee Cycle Roasting, MAMU Coffee, and Hacea Coffee Source.Head to www.coffeepeoplepodcast.com for show recaps, coffee education, guest list and coffee news.Register to become an organ donor at: https://registerme.org/.*Clicking these links to purchase will also support Roast! West Coast through their affiliate marketing programs.
Right now is bear season, bears are looking for food as it gets colder and they prepare for hibernation. In Jackson Hole, two black bears saw consequences to picking the wrong food source.
This week, we're enjoying some poured wine (his favorite) with the indefatigable Ken Fredrickson -- Master Sommelier, restaurateur, and founder of High Road Wine and Spirits, whose career runs from Charlie Trotter's and Spago to Jackson Hole, Denver, Las Vegas, and Chicago's most intentional wine lists. He went from Idaho ranch kid to the 40th American Master Sommelier in just five years, then bet big on his own programs, built and sold distributors, and kept doubling down on family-made bottles with real stories behind them. He joins us in the studio to talk about what that obsession costs, what it creates, and why he still believes in taking the high road. We're swirling the glass around how to actually train a world-class palate (and why your nose is lazier than you think), the Wild West politics of wine lists, the future of terroir-driven Italian spirits -- and so much more.
In this episode we debrief our recent trip to Jackson Hole! We share our itinerary and overall impressions, plus everywhere we ate and drank around town! Come hang out with us as we chat about how the west was fun!Follow us on social media @babesonboardpod
Engel & Cabrera Present Boroughs & 'Burbs, the Real Estate Review
A fictional town can set a songwriter free. That's the spark behind Jennyville, the creative sandbox where Jenny Tolman learned to ignore the lanes, chase characters, and write past the limits of “radio safe.” From that sandbox came a career shaped by range: the gut-punch of a military tribute that found its moment and the dance-floor joy of a Texas two-step anthem.We go deep on Lonely In The Lone Star, co-written with Bill White and Dave Brainerd. What started as a cowboy title became a piercing story of loss through Dave's veteran lens, written before the Afghanistan withdrawal and later embraced by grieving families. Jenny shares how a nudge to post a demo led to a memorial performance in Jackson, proceeds donated to the thirteen families, and a number-one moment powered by empathy, not hype. Then we flip the coin and step into I Know Some Cowboys, born from first tours across Texas, chivalry on the dance floor, and playful texts to Dave that turned into a sing-along hook. It's proof that country's heart holds sorrow and celebration with equal honesty.We also pull back the curtain on The Road, Taylor Sheridan's series featuring Blake Shelton, Keith Urban, and Gretchen Wilson. Jenny talks about the shock of leaving her toddler, finding real independence in empty hotel rooms, and getting a nightly masterclass side stage. The show's commitment to authenticity over drama let the artists' experience—and the music—take center stage. Finally, we head to Jackson Hole for Cowgirls at the Cowboy, the women-driven festival Jenny curates at the Million Dollar Cowboy Bar. With a pin-drop songwriter night, an emerging spotlight, and a headline finish, it's a platform built to elevate stories that deserve bigger rooms.If you love songwriting craft, real stakes, and the kind of country that builds community, you'll feel at home here. Listen, share with a friend who needs a creative boost, and leave a quick review so more music lovers can find the show.
Take 20% off an annual Storm subscription through 10/22/2025 to receive 100% of the newsletter's content. Thank you for your support of independent ski journalism.WhoPhill Gross, owner, and Mike Solimano, CEO of Killington and Pico, VermontRecorded onJuly 10, 2025About KillingtonClick here for a mountain stats overviewOwned by: Phill Gross and teamLocated in: Killington, VermontYear founded: 1958Pass affiliations: Ikon Pass: 5 or 7 combined days with PicoReciprocal partners: Pico access is included on all Killington passesClosest neighboring ski areas: Pico (:12), Saskadena Six (:39), Okemo (:40), Quechee (:44), Ascutney (:55), Storrs (:59), Harrington Hill (:59), Magic (1:00), Whaleback (1:02), Sugarbush (1:04), Bromley (1:04), Middlebury Snowbowl (1:08), Arrowhead (1:10), Mad River Glen (1:11)Base elevation: 1,165 feet at Skyeship BaseSummit elevation: 4,142 feet at top of K-1 gondola (hike-to summit of Killington Peak at 4,241 feet)Vertical drop: 2,977 feet lift-served, 3,076 hike-toSkiable Acres: 1,509Average annual snowfall: 250 inchesTrail count: 155 (43% advanced/expert, 40% intermediate, 17% beginner)Lift count: 20 (2 gondolas, 2 six-packs, 4 high-speed quads, 5 fixed-grip quads, 2 triples, 1 double, 1 platter, 3 carpets - view Lift Blog's inventory of Killington's lift fleet; Killington plans to replace the Snowdon triple with a fixed-grip quad for the 2026-27 ski season)History: from New England Ski HistoryAbout PicoClick here for a mountain stats overviewOwned by: Phill Gross and teamLocated in: Mendon, VermontYear founded: 1934Pass affiliations: Ikon Pass: 5 or 7 combined days with KillingtonReciprocal partners: Pico access is included on all Killington passes; four days Killington access included on Pico K.A. PassClosest neighboring ski areas: Killington (:12), Saskadena Six (:38), Okemo (:38), Quechee (:42), Ascutney (:53), Storrs (:57), Harrington Hill (:55), Magic (:58), Whaleback (1:00), Sugarbush (1:01), Bromley (1:00), Middlebury Snowbowl (1:01), Mad River Glen (1:07), Arrowhead (1:09)Base elevation: 2,000 feetSummit elevation: 3,967 feetVertical drop: 1,967 feetSkiable Acres: 468Average annual snowfall: 250 inchesTrail count: 58 (36% advanced/expert, 46% intermediate, 18% beginner)Lift count: 7 (2 high-speed quads, 2 triples, 1 doubles, 2 carpets - view Lift Blog's inventory of Pico's lift fleet)History: from New England Ski HistoryWhy I interviewed themThe longest-tenured non-government ski area operator in America, as far as I know, is the Seeholzer family, owner-operators of Beaver Mountain, Utah since 1939. Third-generation owner Travis Seeholzer came on the pod a few years back to trace the eight-decade arc from this dude flexing 10-foot-long kamikaze boards to the present:Just about every ski area in America was hacked out of the wilderness by Some Guy Who Looked Like That. Dave McCoy at Mammoth or Ernie Blake at Taos or Everett Kircher at Boyne Mountain, swarthy, willful fellows who flew airplanes and erected rudimentary chairlifts in impossible places and hammered together their own baselodges. Over decades they chiseled these mountains into their personal Rushmores, a life's work, a human soul knotted to nature in a built place that would endure for generations.It's possible that they all imagined their family name governing those generations. In the remarkable case of Boyne, they still do. But the Kirchers and the Seeholzers are ski-world exceptions. Successive generations are often uninterested in the chore of legacy building. Or they try and say wow this is expensive. Or bad weather leads to bad financial choices by our cigar-smoking, backhoe-driving, machete-wielding founder and his sons and daughters never get their chance. The ski area's deed shuffles into the portfolio of a Colorado Skico and McCoy fades a little each year and at some point Mammoth is just another ski area owned by Alterra Mountain Company.It's tempting to sentimentalize the past, to lament skiing's macro-transition from gritty network of founder-kingpin fifes to set of corporate brands, to conclude that “this generation” just doesn't have the tenacity of a Blake or a McCoy. But the America where a fellow could turn up with a dump truck and a chainsaw and flatten raw forest into a for-profit business with minimal protest is gone. Every part of the ski ecosystem is more regulated, complicated, and expensive than it's ever been. The appeal of running such a machine - and the skillset necessary to do so - is entirely different from that of sculpting your own personal snow Narnia from scratch. We will always have family-owned ski areas (we still have hundreds), and an occasional modern founder-disruptor like Mount Bohemia's Lonie Glieberman will materialize like a new X-man. But ski conglomerates have probably always been inevitable, and are probably largely the industry's future. They are best suited, in most cases, to manage, finance, and maintain the vast machinery of our largest ski centers (and also to create a ski landscape in which not all ski area operators are Some Guy Who Looked Like That).Killington demonstrates this arc from rambunctious founder to corporate vassal as well as any mountain in the country. Founded in 1958 by the wily and wild Pres Smith, the ski area's parent company, Sherburne Corp., bought Sunday River, Maine in 1973 and Mount Snow, Vermont in 1977. The two Vermont mountains became S-K-I in 1984, bought five more ski areas, and merged with four-resort LBO in 1996 to become the titanic American Skiing Company. Unfortunately ASC turned out to be skiing's Titanic, and one of the company's last acts before dissolution was to sell Killington and Pico to Utah-based Powdr in 2007.The Beast had been tamed, at least on paper. Corporate ownership of some sort felt as stapled to the mountain as Killington's 3,000 snowguns. And mostly, well, it didn't matter. Other than Powdr's disastrous attempts to shorten the resort's famously long seasons, Killington never lost its feisty edge. Over the decades the ski area modernized, masterplanned, and shed skier volume while increasing its viability as a business. Modern Killington wasn't the kingdom of a charismatic and ever-present founder, but it was a pretty good ski area.And then, suddenly, shockingly, Powdr sold both Killington and Pico last August. And they didn't sell the ski areas to Vail or Alterra or Boyne or to anyone who owned any ski areas at all. Instead, a group of local investors - led by Phill Gross and Michael Ferri, longtime Killington homeowners who ran a variety of non-ski-related businesses - bought the mountains. After 51 years as part of a multi-mountain ownership group, Killington (its relationship to neighboring Pico notwithstanding), was once again independent.It was all so improbable. Out-of-state operators had purchased five of Vermont's large ski areas in recent years: Colorado-based Vail Resorts bought Stowe in 2017, Okemo in 2018, and Mount Snow in 2019; Denver-based Alterra claimed Sugarbush in 2019; and Utah-based Pacific Group Resorts added Jay Peak to their small portfolio in 2022. Very few ski areas have ever entered the corporate matrix and re-emerged as independents. Grand Targhee, Wyoming; Waterville Valley, New Hampshire; and Mountain Creek, New Jersey (technically owned by multimountain operator Snow Partners) are exceptions spun off from larger companies. But mostly, once a larger entity absorbed a ski area, it stays locked in the multimountain universe forever.So what would this mean? For the largest and busiest mountain in the eastern United States to be independent? Did this, along with Powdr's intentions to sell Mount Bachelor (since rescinded), Eldora (sale in process), and Silver Star (no update), mark a reversal in the consolidation trend that had gathered 30 percent of America's ski areas under the umbrella of a multi-mountain operator? Did Killington's group of wealthy-but-not-Bezos-wealthy investors set an alternate blueprint for large-mountain ownership, especially when considered alongside the sale of Jackson Hole to a similar group the year before? Had the Ikon Pass – that harbinger of mass-market pass domination that had forced the we-better-join-them sales of Crystal Mountain, Washington and Sugarbush – inadvertently become a reliable revenue pipeline that made independence more viable? And would Killington, well-managed and constantly improving, backslide under cowboy owners who want to Q-Burke the place in their image?We're a year in now, and we have some clarity on these questions, along with two new chairlifts (Superstar this year, Snowdon next), 1,000 new snowguns, a revitalized Skyeship Gondola, and progressing plans on the East's first true ski village. Locals seem happy, management seems happy, the owners seem happy. Easy enough, Gross points out in our interview, when winter hits deep like the last one did. But can we keep the party going indefinitely? It was time for a check-in.What we talked aboutA strong first winter under independent ownership; what spring skiing off Canyon lift told us about the importance of Superstar; “it's an incredibly complex operation”; letting the smart people do their jobs; Killington's surprise spin-off from a multi-mountain operator; “our job is to keep the honeymoon going”; Superstar's six-pack upgrade; why six-packs are probably Killington's lift-upgrade future; why Pico is demolishing the Bonanza lift for a covered carpet; why Superstar won't have bubbles; where bubbles might make sense in a future lift; why ski areas can no longer run snowmaking under newly constructed chairlifts; why Superstar is a Doppelmayr machine after Killington installed a brand-new Leitner-Poma six at Snowdon in 2018; long- and short-term Superstar impacts to Killington's long season; long-term thoughts around early-season walkway access to North Ridge; Skyeship Gondola upgrades, including $5 million in new cabins; what 1,000 new snowguns means in practice; why Killington sold the Wobbly Barn; considering Killington as a business and investment; how Killington is a different financial beast from other Vermont ski areas; how close Killington was to going unlimited on Ikon Pass; Phill's journey to buying Killington; Devil's Fiddle and why sometimes things that don't make sense financially make sense anyway; “we want to own this for generations to come”; a village layout and timeline update – “we want to make sure that this is something that's additive to the ski experience” even if you don't own within it; “Great Gulf wants this [village] to be competitive for the western resorts”; “we don't want to change what Pico is”; how piping water over from Killington has reinvigorated and stabilized Pico; why Killington and Pico remained on Ikon Pass post-sale and probably will for the foreseeable future; is Ikon helping big ski areas stay independent?; Killington's steady rise in lift ticket prices; future lift upgrades and why the Snowdon Triple is next up for a replacement.What I got wrong* File “opinionation” under LOL I'm Dumb Talking Is Hard* I said that former Killington owner Powdr had “just sold” Eldora, but that's not accurate: in July, the town of Nederland, Colorado, announced their intent to purchase the ski area. The sales process is ongoing.Podcast NotesOn previous Killington podsOn Gross' purchase of Killington and PicoOn ANSI chairlift standardsWe get a bit in the weeds with a reference to “ANSI standards” for chairlifts. ANSI is the American National Standards Institute, a nonprofit organization that sets voluntary but widely adopted standards for everything from office furniture to electrical systems to safety signage in the United States. The ANSI standard for lifts, according to a blog post describing the code's 2022 update, is “developed by the National Ski Areas Association (NSAA), [and] establishes standard requirements for the design, manufacture, construction, operation, and maintenance of passenger ropeways.” On Killington's long seasonsKillington often opens in October (though it has not done so since 2018), and closes in June (three straight years before a deliberately truncated 2024-25 season to begin demolition of the Superstar chair). List of Killington open and close dates since 1987-88.On Win Smith and Killington and SugarbushOn Killington's villageThe East needs more of this:On Killington's peak lift ticket pricesPer New England Ski History:The Storm explores the world of lift-served skiing year round. Join us. Get full access to The Storm Skiing Journal and Podcast at www.stormskiing.com/subscribe
WhoAlan Henceroth, President and Chief Operating Officer of Arapahoe Basin, Colorado – Al runs the best ski area-specific executive blog in America – check it out:Recorded onMay 19, 2025About Arapahoe BasinClick here for a mountain stats overviewOwned by: Alterra Mountain Company, which also owns:Pass access* Ikon Pass: unlimited* Ikon Base Pass: unlimited access from opening day to Friday, Dec. 19, then five total days with no blackouts from Dec. 20 until closing day 2026Base elevation* 10,520 feet at bottom of Steep Gullies* 10,780 feet at main baseSummit elevation* 13,204 feet at top of Lenawee Mountain on East Wall* 12,478 feet at top of Lazy J Tow (connector between Lenawee Express six-pack and Zuma quad)Vertical drop* 1,695 feet lift-served – top of Lazy J Tow to main base* 1,955 feet lift-served, with hike back up to lifts – top of Lazy J Tow to bottom of Steep Gullies* 2,424 feet hike-to – top of Lenawee Mountain to Main BaseSkiable Acres: 1,428Average annual snowfall:* Claimed: 350 inches* Bestsnow.net: 308 inchesTrail count: 147 – approximate terrain breakdown: 24% double-black, 49% black, 20% intermediate, 7% beginnerLift count: 9 (1 six-pack, 1 high-speed quad, 3 fixed-grip quads, 1 double, 2 carpets, 1 ropetow)Why I interviewed himWe can generally splice U.S. ski centers into two categories: ski resort and ski area. I'll often use these terms interchangeably to avoid repetition, but they describe two very different things. The main distinction: ski areas rise directly from parking lots edged by a handful of bunched utilitarian structures, while ski resorts push parking lots into the next zipcode to accommodate slopeside lodging and commerce.There are a lot more ski areas than ski resorts, and a handful of the latter present like the former, with accommodations slightly off-hill (Sun Valley) or anchored in a near-enough town (Bachelor). But mostly the distinction is clear, with the defining question being this: is this a mountain that people will travel around the world to ski, or one they won't travel more than an hour to ski?Arapahoe Basin occupies a strange middle. Nothing in the mountain's statistical profile suggests that it should be anything other than a Summit County locals hang. It is the 16th-largest ski area in Colorado by skiable acres, the 18th-tallest by lift-served vertical drop, and the eighth-snowiest by average annual snowfall. The mountain runs just six chairlifts and only two detachables. Beginner terrain is limited. A-Basin has no base area lodging, and in fact not much of a base area at all. Altitude, already an issue for the Colorado ski tourist, is amplified here, where the lifts spin from nearly 11,000 feet. A-Basin should, like Bridger Bowl in Montana (upstream from Big Sky) or Red River in New Mexico (across the mountain from Taos) or Sunlight in Colorado (parked between Aspen and I-70), be mostly unknown beside its heralded big-name neighbors (Keystone, Breck, Copper).And it sort of is, but also sort of isn't. Like tiny (826-acre) Aspen Mountain, A-Basin transcends its statistical profile. Skiers know it, seek it, travel for it, cross it off their lists like a snowy Eiffel Tower. Unlike Aspen, A-Basin has no posse of support mountains, no grided downtown spilling off the lifts, no Kleenex-level brand that stands in for skiing among non-skiers. And yet Vail tried buying the bump in 1997, and Alterra finally did in 2024. Meanwhile, nearby Loveland, bigger, taller, snowier, higher, easier to access with its trip-off-the-interstate parking lots, is still ignored by tourists and conglomerates alike.Weird. What explains A-Basin's pull? Onetime and future Storm guest Jackson Hogen offers, in his Snowbird Secrets book, an anthropomorphic explanation for that Utah powder dump's aura: As it turns out, everyone has a story for how they came to discover Snowbird, but no one knows the reason. Some have the vanity to think they picked the place, but the wisest know the place picked them.That is the secret that Snowbird has slipped into our subconscious; deep down, we know we were summoned here. We just have to be reminded of it to remember, an echo of the Platonic notion that all knowledge is remembrance. In the modern world we are so divorced from our natural selves that you would think we'd have lost the power to hear a mountain call us. And indeed we have, but such is the enormous reach of this place that it can still stir the last seed within us that connects us to the energy that surrounds us every day yet we do not see. The resonance of that tiny, vibrating seed is what brings us here, to this extraordinary place, to stand in the heart of the energy flow.Yeah I don't know, Man. We're drifting into horoscope territory here. But I also can't explain why we all like to do This Dumb Thing so much that we'll wrap our whole lives around it. So if there is some universe force, what Hogen calls “vibrations” from Hidden Peak's quartz, drawing skiers to Snowbird, could there also be some proton-kryptonite-laserbeam s**t sucking us all toward A-Basin? If there's a better explanation, I haven't found it.What we talked aboutThe Beach; keeping A-Basin's whole ski footprint open into May; Alterra buys the bump – “we really liked the way Alterra was doing things… and letting the resorts retain their identity”; the legacy of former owner Dream; how hardcore, no-frills ski area A-Basin fits into an Alterra portfolio that includes high-end resorts such as Deer Valley and Steamboat; “you'd be surprised how many people from out of state ski here too”; Ikon as Colorado sampler pack (or not); local reaction to Alterra's purchase – “I think it's fair that there was anxiety”; balancing the wild ski cycle of over-the-top peak days and soft periods; parking reservations; going unlimited on the full Ikon Pass and how parking reservations play in – “we spent a ridiculous amount of time talking about it”; the huge price difference between Epic and Ikon and how that factors into the access calculus; why A-Basin still sells a single-mountain season pass; whether reciprocal partnerships with Monarch and Silverton will remain in place; “I've been amazed at how few things I've been told to do” by Alterra; A-Basin's dirt-cheap early-season pass; why early season is “a more competitive time” than it used to be; why A-Basin left Mountain Collective; Justice Department anti-trust concerns around Alterra's A-Basin purchase – “it never was clear to me what the concerns were”; breaking down A-Basin's latest U.S. Forest Service masterplan – “everything in there, we hope to do”; a parking lot pulse gondola and why that makes sense over shuttles; why A-Basin plans a two-lift system of beginner machines; why should A-Basin care about beginner terrain?; is beginner development is related to Ikon Pass membership?; what it means that the MDP designs for 700 more skiers per day; assessing the Lenawee Express sixer three seasons in; why A-Basin sold the old Lenawee lift to independent Sunlight, Colorado; A-Basin's patrol unionizing; and 100 percent renewable energy.What I got wrong* I said that A-Basin was the only mountain that had been caught up in antitrust issues, but that's inaccurate: when S-K-I and LBO Enterprises merged into American Skiing Company in 1996, the U.S. Justice Department compelled the combined company to sell Cranmore and Waterville Valley, both in New Hampshire. Waterville Valley remains independent. Cranmore stayed independent for a while, and has since 2010 been owned by Fairbank Group, which also owns Jiminy Peak in Massachusetts and operates Bromley, Vermont.* I said that A-Basin's $259 early-season pass, good for unlimited access from opening day through Dec. 25, “was like one day at Vail,” which is sort of true and sort of not. Vail Mountain's day-of lift ticket will hit $230 from Nov. 14 to Dec. 11, then increase to $307 or $335 every day through Christmas. All Resorts Epic Day passes, which would get skiers on the hill for any of those dates, currently sell for between $106 and $128 per day. Unlimited access to Vail Mountain for that full early-season period would require a full Epic Pass, currently priced at $1,121.* This doesn't contradict anything we discussed, but it's worth noting some parking reservations changes that A-Basin implemented following our conversation. Reservations will now be required on weekends only, and from Jan. 3 to May 3, a reduction from 48 dates last winter to 36 for this season. The mountain will also allow skiers to hold four reservations at once, doubling last year's limit of two.Why now was a good time for this interviewOne of the most striking attributes of modern lift-served skiing is how radically different each ski area is. Panic over corporate hegemony power-stamping each child mountain into snowy McDonald's clones rarely survives past the parking lot. Underscoring the point is neighboring ski areas, all over America, that despite the mutually intelligible languages of trail ratings and patrol uniforms and lift and snowgun furniture, and despite sharing weather patterns and geologic origins and local skier pools, feel whole-cut from different eras, cultures, and imaginations. The gates between Alta and Snowbird present like connector doors between adjoining hotel rooms but actualize as cross-dimensional Mario warpzones. The 2.4-mile gondola strung between the Alpine Meadows and Olympic sides of Palisades Tahoe may as well connect a baseball stadium with an opera house. Crossing the half mile or so between the summits of Sterling at Smugglers' Notch and Spruce Peak at Stowe is a journey of 15 minutes and five decades. And Arapahoe Basin, elder brother of next-door Keystone, resembles its larger neighbor like a bat resembles a giraffe: both mammals, but of entirely different sorts. Same with Sugarbush and Mad River Glen, Vermont; Sugar Bowl, Donner Ski Ranch, and Boreal, California; Park City and Deer Valley, Utah; Killington and Pico, Vermont; Highlands and Nub's Nob, Michigan; Canaan Valley and Timberline and Nordic-hybrid White Grass, West Virginia; Aspen's four Colorado ski areas; the three ski areas sprawling across Mt. Hood's south flank; and Alpental and its clump of Snoqualmie sisters across the Washington interstate. Proximity does not equal sameness.One of The Storm's preoccupations is with why this is so. For all their call-to-nature appeal, ski areas are profoundly human creations, more city park than wildlife preserve. They are sculpted, managed, manicured. Even the wildest-feeling among them – Mount Bohemia, Silverton, Mad River Glen – are obsessively tended to, ragged by design.A-Basin pulls an even neater trick: a brand curated for rugged appeal, scaffolded by brand-new high-speed lifts and a self-described “luxurious European-style bistro.” That the Alterra Mountain Company-owned, megapass pioneer floating in the busiest ski county in the busiest ski state in America managed to retain its rowdy rap even as the onetime fleet of bar-free double chairs toppled into the recycling bin is a triumph of branding.But also a triumph of heart. A-Basin as Colorado's Alta or Taos or Palisades is a title easily ceded to Telluride or Aspen Highlands, similarly tilted high-alpiners. But here it is, right beside buffed-out Keystone, a misunderstood mountain with its own wild side but a fair-enough rap as an approachable landing zone for first-time Rocky Mountain explorers westbound out of New York or Ohio. Why are A-Basin and Keystone so different? The blunt drama of A-Basin's hike-in terrain helps, but it's more enforcer than explainer. The real difference, I believe, is grounded in the conductor orchestrating this mad dance.Since Henceroth sat down in the COO chair 20 years ago, Keystone has had nine president-general manager equivalents. A-Basin was already 61 years old in 2005, giving it a nice branding headstart on younger Keystone, born in 1970. But both had spent nearly two decades, from 1978 to 1997, co-owned by a dogfood conglomerate that often marketed them as one resort, and the pair stayed glued together on a multimountain pass for a couple of decades afterward.Henceroth, with support and guidance from the real-estate giant that owned A-Basin in the Ralston-Purina-to-Alterra interim, had a series of choices to make. A-Basin had only recently installed snowmaking. There was no lift access to Zuma Bowl, no Beavers. The lift system consisted of three double chairs and two triples. Did this aesthetic minimalism and pseudo-independence define A-Basin? Or did the mountain, shaped by the generations of leaders before Henceroth, hold some intangible energy and pull, that thing we recognize as atmosphere, culture, vibe? Would The Legend lose its duct-taped edge if it:* Expanded 400 mostly low-angle acres into Zuma Bowl (2007)* Joined Vail Resorts' Epic Pass (2009)* Installed the mountain's first high-speed lift (Black Mountain Express in 2010)* Expand 339 additional acres into the Beavers (2018), and service that terrain with an atypical-for-Colorado 1,501-vertical-foot fixed-grip lift* Exit the Epic Pass following the 2018-19 ski season* Immediately join Mountain Collective and Ikon as a multimountain replacement (2019)* Ditch a 21-year-old triple chair for the mountain's first high-speed six-pack (2022)* Sell to Alterra Mountain Company (2024)* Require paid parking reservations on high-volume days (2024)* Go unlimited on the Ikon Pass and exit Mountain Collective (2025)* Release an updated USFS masterplan that focuses largely on the novice ski experience (2025)That's a lot of change. A skier booted through time from Y2K to October 2025 would examine that list and conclude that Rad Basin had been tamed. But ski a dozen laps and they'd say well not really. Those multimillion upgrades were leashed by something priceless, something human, something that kept them from defining what the mountain is. There's some indecipherable alchemy here, a thing maybe not quite as durable as the mountain itself, but rooted deeper than the lift towers strung along it. It takes a skilled chemist to cook this recipe, and while they'll never reveal every secret, you can visit the restaurant as many times as you'd like.Why you should ski Arapahoe BasinWe could do a million but here are nine:1) $: Two months of early-season skiing costs roughly the same as A-Basin's neighbors charge for a single day. A-Basin's $259 fall pass is unlimited from opening day through Dec. 25, cheaper than a Dec. 20 day-of lift ticket at Breck ($281), Vail ($335), Beaver Creek ($335), or Copper ($274), and not much more than Keystone ($243). 2) Pali: When A-Basin tore down the 1,329-vertical-foot, 3,520-foot-long Pallavicini double chair, a 1978 Yan, in 2020, they replaced it with a 1,325-vertical-foot, 3,512-foot-long Leitner-Poma double chair. It's one of just a handful of new doubles installed in America over the past decade, underscoring a rare-in-modern-skiing commitment to atmosphere, experience, and snow preservation over uphill capacity. 3) The newest lift fleet in the West: The oldest of A-Basin's six chairlifts, Zuma, arrived brand-new in 2007.4) Wall-to-wall: when I flew into Colorado for a May 2025 wind-down, five ski areas remained open. Despite solid snowpack, Copper, Breck, and Winter Park all spun a handful of lifts on a constrained footprint. But A-Basin and Loveland still ran every lift, even over the Monday-to-Thursday timeframe of my visit.5) The East Wall: It's like this whole extra ski area. Not my deal as even skiing downhill at 12,500 feet hurts, but some of you like this s**t:6) May pow: I mean yeah I did kinda just get lucky but damn these were some of the best turns I found all year (skiing with A-Basin Communications Manager Shayna Silverman):7) The Beach: the best ski area tailgate in North America (sorry, no pet dragons allowed - don't shoot the messenger):8) The Beavers: Just glades and glades and glades (a little crunchy on this run, but better higher up and the following day):9) It's a ski area first: In a county of ski resorts, A-Basin is a parking-lots-at-the-bottom-and-not-much-else ski area. It's spare, sparse, high, steep, and largely exposed. Skiers are better at self-selecting than we suppose, meaning the ability level of the average A-Basin skier is more Cottonwoods than Connecticut. That impacts your day in everything from how the liftlines flow to how the bumps form to how many zigzaggers you have to dodge on the down.Podcast NotesOn the dates of my visit We reference my last A-Basin visit quite a bit – for context, I skied there May 6 and 7, 2025. Both nice late-season pow days.On A-Basin's long seasonsIt's surprisingly difficult to find accurate open and close date information for most ski areas, especially before 2010 or so, but here's what I could cobble together for A-Basin - please let me know if you have a more extensive list, or if any of this is wrong:On A-Basin's ownership timelineArapahoe Basin probably gets too much credit for being some rugged indie. Ralston-Purina, then-owners of Keystone, purchased A-Basin in 1978, then added Breckenridge to the group in 1993 before selling the whole picnic basket to Vail in 1997. The U.S. Justice Department wouldn't let the Eagle County operator have all three, so Vail flipped Arapahoe to a Canadian real estate empire, then called Dundee, some months later. That company, which at some point re-named itself Dream, pumped a zillion dollars into the mountain before handing it off to Alterra last year.On A-Basin leaving Epic PassA-Basin self-ejected from Epic Pass in 2019, just after Vail maxed out Colorado by purchasing Crested Butte and before they fully invaded the East with the Peak Resorts purchase. Arapahoe Basin promptly joined Mountain Collective and Ikon, swapping unlimited-access on four varieties of Epic Pass for limited-days products. Henceroth and I talked this one out during our 2022 pod, and it's a fascinating case study in building a better business by decreasing volume.On the price difference between Ikon and Epic with A-Basin accessConcerns about A-Basin hurdling back toward the overcrowded Epic days by switching to Ikon's unlimited tier tend to overlook this crucial distinction: Vail sold a 2018-19 version of the Epic Pass that included unlimited access to Keystone and A-Basin for an early-bird rate of $349. The full 2025-26 Ikon Pass debuted at nearly four times that, retailing for $1,329, and just ramped up to $1,519.On Alterra mountains with their own season passesWhile all Alterra-owned ski areas (with the exception of Deer Valley), are unlimited on the full Ikon Pass and nine are unlimited with no blackouts on Ikon Base, seven of those sell their own unlimited season pass that costs less than Base. The sole unlimited season pass for Crystal, Mammoth, Palisades Tahoe, Steamboat, Stratton, and Sugarbush is a full Ikon Pass, and the least-expensive unlimited season pass for Solitude is the Ikon Base. Deer Valley leads the nation with its $4,100 unlimited season pass. See the Alterra chart at the top of this article for current season pass prices to all of the company's mountains.On A-Basin and Schweitzer pass partnershipsAlterra has been pretty good about permitting its owned ski areas to retain historic reciprocal partners on their single-mountain season passes. For A-Basin, this means three no-blackout days at Monarch and two unguided days at Silverton. Up at Schweitzer, passholders get three midweek days each at Whitewater, Mt. Hood Meadows, Castle Mountain, Loveland, and Whitefish. None of these ski areas are on Ikon Pass, and the benefit is only stapled to A-Basin- or Schweitzer-specific season passes.On the Mountain Collective eventI talk about Mountain Collective as skiing's most exclusive country club. Nothing better demonstrates that characterization than this podcast I recorded at the event last fall, when in around 90 minutes I had conversations with the top leaders of Boyne Resorts, Snowbird, Aspen, Jackson Hole, Sun Valley, Snowbasin, Grand Targhee, and many more.On Mountain Collective and Ikon overlapThe Mountain Collective-Ikon overlap is kinda nutso:On Pennsylvania skiingIn regards to the U.S. Justice Department grilling Alterra on its A-Basin acquisition, it's still pretty stupid that the agency allowed Vail Resorts to purchase eight of the 19 public chairlift-served ski areas in Pennsylvania without a whisper of protest. These eight ski areas almost certainly account for more than half of all skier visits in a state that typically ranks sixth nationally for attendance. Last winter, the state's 2.6 million skier visits accounted for more days than vaunted ski states New Hampshire (2.4 million), Washington (2.3), Montana (2.2), Idaho (2.1). or Oregon (2.0). Only New York (3.4), Vermont (4.2), Utah (6.5), California (6.6), and Colorado (13.9) racked up more.On A-Basin's USFS masterplanNothing on the scale of Zuma or Beavers inbound, but the proposed changes would tap novice terrain that has always existed but never offered a good access point for beginners:On pulse gondolasA-Basin's proposed pulse gondola, should it be built, would be just the sixth such lift in America, joining machines at Taos, Northstar, Steamboat, Park City, and Snowmass. Loon plans to build a pulse gondola in 2026.On mid-mountain beginner centersBig bad ski resorts have attempted to amp up family appeal in recent years with gondola-serviced mid-mountain beginner centers, which open gentle, previously hard-to-access terrain to beginners. This was the purpose of mid-stations off Jackson Hole's Sweetwater Gondola and Big Sky's new-for-this-year Explorer Gondola. A-Basin's gondy (not the parking lot pulse gondola, but the one terminating at Sawmill Flats in the masterplan image above), would provide up and down lift access allowing greenies to lap the new detach quad above it.The Storm explores the world of lift-served skiing year-round. Join us. Get full access to The Storm Skiing Journal and Podcast at www.stormskiing.com/subscribe
On Wednesday, the Fed announced its first rate cut in nine months. While the reduction was widely expected, our Global Head of Macro Strategy Matthew Hornbach and Chief U.S. Economist Michael Gapen explain the data that markets and the Fed are watching.Read more insights from Morgan Stanley.----- Transcript ----- Matthew Hornbach: Welcome to Thoughts on the Market. I'm Matthew Hornbach, Global Head of Macro Strategy.Michael Gapen: And I'm Michael Gapen, Morgan Stanley's Chief U.S. Economist.Matthew Hornbach: Our topic today is the Fed's first quarter percent rate cut in 2025. We're here to discuss the implications and the path forward. It's Thursday, September 18th at 10am in New York. So, Mike, the Fed concluded its meeting on Wednesday. What was the high-level takeaway from your perspective?Michael Gapen: So, I think there's two main points here. There's certainly more that we can discuss, but two main takeaways for me are obviously the Fed is moving because it sees downside risk in the labor market.So, the August employment data revealed that the hiring rate took a large step down and stayed down, right. And the Fed is saying – it's a curious balance in the labor market. We're not quite sure how to assess it, but when employment growth slows this much, we think we need to take notice.So, they're adjusting their view. We'll call it risk management 'cause that's what Powell said. And saying there's more risk of worse outcomes in the labor market, keeping a restricted policy stance is inappropriate, we should cut. So that's part one. I think he previewed all of that in Jackson Hole. So, it was largely the same, but it's important to know why the Fed's cutting. The second thing that was interesting to me is as much as he, Powell in this case, tried to avoid the idea that we're on a preset path. That, you know, policy is always data dependent and it's always the meeting-to-meeting decision – we know that. But it does feel like if you're recalibrating your policy stance because you see more downside risk to the labor market, they're not prepared to just do once and go, ‘Well, maybe; maybe we'll go again; maybe we won't.' The dot plots clearly indicate a series of moves here. And when pressed on, well, what's a 25 basis point rate cut going to do to help the labor market, Powell responded by, well, nothing. 25 basis points won't really affect the macro outcome, but it's the path that that matters. So, I do think; and I use the word recalibration; Powell didn't want to use that. I do think we're in for a series of cuts here. The median dot would say three, but maybe two; two to three, 75 basis points by year end. And then we'll see how the world evolves. Matthew Hornbach: So, speaking of the summary of economic projections, what struck you as being interesting about the set of projections that we got on Wednesday? And how does the Fed's idea of the path into 2026 differ from yours?Michael Gapen: Yeah. Well, it was a lot about downside risk to the labor market. But what did they do? They revised up growth. They have the unemployment rate path lower in the outer years of their forecast than they did before, so they didn't revise down this year. But they revised down subsequent years, and they revised inflation higher in 2026. That may seem at odds with what they're doing with the policy rate currently.But my interpretation of that is, you know, the main point to your question is – they're more tolerant of inflation as the cost or the byproduct of needing to lower rates to support the labor market. So, if this all works, the outlook is a little stronger from the Fed's perspective. And so, what's key to me is that they are… You know, the median of the forecast, to the extent that they align in a coherent message, are saying, we're going to have to pay a price for this in the form of stronger inflation next year to support the labor market this year. So that means in their forecast – cuts this year, but fewer cuts in 2026 and [20]27. And how that differs from our forecast is we're not quite as optimistic on the Fed, as the Fed is on the economy. We do think the labor market weakens a little bit further into 2026. So, you get four consecutive rate cuts upfront, again, inclusive of the one we got on Wednesday. And then you get two additional cuts by the middle of 2026. So, we're not quite as optimistic. We think the labor market's a little softer. And we think the Fed will have to get closer to neutral, right? Powell said we're moving “in the direction of neutral.” So, he's not committing to go all the way to neutral. And we're just saying we think the Fed ultimately will have to do that, although they're not prepared to communicate that now.Matthew Hornbach: One of the things that struck me as interesting about the summary of economic projections was the unemployment rate projection for the end of this year. So, the way that the Fed delivers these projections is they give you a number on the unemployment rate that represents the average unemployment rate in the fourth quarter of the specified year. And in this case, the median FOMC participant is projecting that the unemployment rate will average 4.5 percent. And that's what we're forecasting as well, I believe. And so, what struck me as interesting is that with an average unemployment rate of 4.5 percent in the fourth quarter of the year, which is up about 0.2 percent from today's unemployment rate of 4.3 – the Fed is only projecting one additional rate cut in 2026. And I'm curious, do you think that if we in fact get to the end of this year, and it looks like the unemployment rate has averaged about 4.5 percent – do you expect the Fed to continue to forecast only one rate cut in 2026?Michael Gapen: Yeah, I think that's… Um. The short answer is no. I think that's a challenging position to be in. And by that, I mean, in addition to that unemployment rate forecast where it's 4.5 percent for the average of the fourth quarter, which could mean December's as high as 4.6; we don't know what their monthly forecast is.But that would mean the unemployment rate's risen about a half a percentage point from its lows a few months ago. And they have inflation rising to 3 percent. Core PCE is already 2.9. So, inflation is about where it is today; [it's] a touch firmer. But the unemployment rate has moved higher. And so, what I would say is they haven't seen a lot of evidence by December that inflation's coming back down, and the labor market has stabilized.So, this is why we think they will be more likely to get to a neutral-ish or something closer to neutral in 2026 than they're prepared to communicate now. So, I think that's a good point. So, Matt, if I could turn it back to you, I would just like first to ask you about the general market reaction. The 25 basis point cut was universally expected. So really all the potentially new news was then about the forward path from here. So how did markets reply to this? Yields did initially sell off a bit, but they generally came back. What's your assessment of how the market took the decision?Matthew Hornbach: Yeah, so the initial five, 10 minutes after the statement and summary of economic projections is released, everybody's digesting all of the new information. And generally speaking, investors tend to see what they want to see initially in all of the materials. So initially we had yields coming down a bit, the yield curve steepened a bit. But then about half an hour later, it became clear – just right before the press conference had started; it became clear to people that actually this delivery in the documentation was a bit more moderate in terms of the forward look. That it was a fairly balanced assessment of where things are and where things may be heading.And that in the end, the Fed, while it does want to bring interest rates lower, at least in the modal case, that it is still not particularly concerned about downside risks to activity, I should say, than it is concerned about upside risks to inflation. It very much seems a balanced assessment of the risks. And I think as a result, the market balanced out its initial euphoria about lower rates with a moderation of that view. So, interest rates ended up moving slightly higher towards the end of the day. But then, the next day they came back a bit. So, I think, it was a bit more of a steady as they go assessment from markets in the end.Michael Gapen: And do you see markets as maybe changing their views on whether you know, it is a recalibration in the stance, therefore we should expect consecutive cuts? Or is the market now thinking, ‘Hey, maybe it is meeting by meeting.' And what about the Fed's forecast of its terminal rate versus the market's forecast of the terminal rate. So, what happened there?Matthew Hornbach: Indeed. Yeah. So, in terms of how market prices are incorporating the idea that the Fed may cut at consecutive meetings through the end of the year, I think markets are generally priced for an outcome about in line with that idea. But of course, markets, and investors who trade markets, have to take into consideration the upcoming dataset and with the Fed so data dependent; so, meeting by meeting in terms of their decisions – it could certainly be the case that the next employment report and/or the next inflation report could dissuade the committee from lowering rates again, at the end of October when the Fed next meets. So, I think the markets are, as you can expect, not going to fully price in everything that the Fed is suggesting. Both because the Fed may not end up delivering what it is suggesting; it might, or it may deliver more. So, the markets are clearly going to be data dependent as well. In terms of how the market is pricing the trough policy rate for the Fed – it does expect that the Fed will take its policy rate below where the summary of economic projections is suggesting. But that market pricing is more representative I think of a risk premium to the expectations of investors, which generally are in line or end up moving in line with the summary of economic projections over time. So, given that the Fed has changed the economic projections and the forecast for policy rates, investors probably also end up shifting a bit in terms of their own expectations. So, with that, Mike, I will bid you adieu until we speak again next time – around the time of the October FOMC meeting. So, thanks for taking the time to talk.Michael Gapen: Great speaking with you, Matt,Matthew Hornbach: 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.
Megan shares her experience of her first solo trip to Jackson Hole, Wyoming and Grand Teton National Park! Keep the conversation going on our Instagram @accordingtwo.Follow us on Instagram:According Two: @accordingtwoMegan Stitz: @megan_marie32Ciera Stitz: @ciera_joJoin our virtual book club!-Spotify users please use the link belowBecome a Paid Subscriber: https://creators.spotify.com/pod/show/according-two/subscribe-Or join our Patreon: https://shorturl.at/kotsU
The jobs report came out this morning and it was a painful one. The US added only 22,000 new jobs in August, according to the latest BLS report. And unemployment ticked up to 4.3%. What does this mean? Find out in today's First Friday episode! Timestamps: Note: Timestamps will vary on individual listening devices based on dynamic advertising run times. The provided timestamps are approximate and may be several minutes off due to changing ad lengths. (01:48) ADP vs BLS Jobs Data (04:33) Mortgage Rates & Their Impact on Homebuyers and Sellers (11:30) Fed Chair Jerome Powell's Remarks (12:54) The Fed's Dual Mandate Explained (15:58) The Fed's Changing Approach to Unemployment (18:13) Implications: Rate Cuts on the Table For more information, visit the show notes at https://affordanything.com/episode640 Learn more about your ad choices. Visit podcastchoices.com/adchoices
Fed Chair Jay Powell's speech at Jackson Hole underscored the central bank's new focus on managing downside growth risks. Michael Zezas, our Global Head of Fixed Income Research and Public Policy Strategy, talks about how that shift could impact markets heading into 2026. Read more insights from Morgan Stanley.----- Transcript -----Welcome to Thoughts on the Market. I'm Michael Zezas, Global Head of Fixed Income Research and Public Policy Strategy.Today: What a subtle shift in the Fed's reaction function could mean for markets into year-end.It's Wednesday, September 3rd at 11am in New York.Last week, our U.S. economics team flagged a subtle but important shift in U.S. monetary policy. Chair Jay Powell's speech at Jackson Hole underscored that the Fed looks more focused on managing downside growth risks and, consequently, a bit more tolerant on inflation.As you heard Michael Gapen and Matthew Hornbach discuss last week – our colleagues expect this brings forward another Fed cut into September, kicking off a quarterly pace of 25 basis-point moves. But while this is a meaningful change in the timing of Fed rate cuts, this path would only result in slightly lower policy rates than those implied by the futures market, a proxy for the consensus of investors.So what does it mean for our views across asset classes? In short, our central case is for mostly positive returns across fixed income and equities into year-end. But the Fed's increased tolerance for inflation is a new wrinkle that means investors are likely to experience more volatility along the way.Consider U.S. government bonds. A slower economy and falling policy rates argue for lower Treasury yields. But if investors grow more convinced that the Fed will tolerate firmer inflation, the curve could steepen further, with the risk of longer maturity yields falling less, or potentially even rising.Or consider corporate bonds. Our economic growth view is “slower but still expanding,” which generally bodes well for corporate balance sheets and, thus, the pricing of credit risk. That combined with lower front-end rates suggests a solid total return outlook for corporate credit, keeping us constructive on the asset class. But of course, if long end yields are moving higher, it would certainly cut against overall returns potential.Finally, consider the stock market. The base case is still constructive into year-end as U.S. earnings hold firm, and recent tax cuts should further help corporate cash flows. However, if long bonds sell off, this could put the rally at risk – at least temporarily, as my colleague Mike Wilson has highlighted; given that higher long-end yields are a challenge to the valuation of growth stocks.The risk? A repeat of the early-April dynamic where a long-end sell-off pressures valuations.Could we count on a shift in monetary policy to curb these risks? Or another public policy shift such as easing tariffs or Treasury adjusting its bond issuance plans? Possibly. But investors should understand this would be a reaction to market conditions, not a proactive or preventative shift. So bottom line, we still see many core markets set up to perform well, but the sailing should be less smooth than it has been in recent months.Thanks for listening. If you enjoy Thoughts on the Market, please leave us a review and tell your friends about the podcast. We want everyone to listen.
Bioptimizers https://Bioptimizers.com/toddEnter promo code TODD to get 15% off your order of Berberine Breakthrough today.Bizable https://GoBizable.comUntie your business exposure from your personal exposure with BiZABLE. Schedule your FREE consultation at GoBizAble.com today. Angel Studios https://Angel.com/ToddJoin the Angel Guild today and stream Testament, a powerful new series featuring the retelling of the book of Acts. Renue Healthcare https://Renue.Healthcare/ToddRegister today to Join the Renue Healthcare Webinar Thursday September 11th at 11:00 PST. Visit https://joinstemcelltalks.com or call 602-428-4000. Bulwark Capital https://KnowYourRiskPodcast.comBe confident in your portfolio with Bulwark! Schedule your free Know Your Risk Portfolio review. Go to KnowYourRiskPodcast.com today. Alan's Soaps https://www.AlansArtisanSoaps.comUse coupon code TODD to save an additional 10% off the bundle price.Bonefrog https://BonefrogCoffee.com/toddThe new GOLDEN AGE is here! Use code TODD at checkout to receive 10% off your first purchase and 15% on subscriptions.LISTEN and SUBSCRIBE at:The Todd Herman Show - Podcast - Apple PodcastsThe Todd Herman Show | Podcast on SpotifyWATCH and SUBSCRIBE at: Todd Herman - The Todd Herman Show - YouTubeSo, did Jerome Powell blink? He came out and said Trump was right about tariffs. Plus, what happens when the Government owns private companies? I don't like it. Zach Abraham joins...Episode links:What Fed must do now after Jerome Powell's Jackson Hole epiphany Powell's comments open door to September rate cuts as Treasury yields tumble #1 - President Trump announces the United States will take a 10% non-voting equity stake in Intel, part of a deal he and Howard Lutnick negotiated with Intel CEO Lip-Bu Tan.Bill Gates is back, not with a solution for the planet, but with a blueprint for control. He's assembled a cartel of the world's most powerful corporations—BlackRock, Microsoft, GM, Bank of America—under the green banner of his "Catalyst" fund.
Watch The X22 Report On Video No videos found (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:17532056201798502,size:[0, 0],id:"ld-9437-3289"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");pt> Click On Picture To See Larger PictureThe D's are panicking, they cannot lose control over the Fed or worse have the Fed shutdown, which is going to happen. Trump is setting the precedent and he wants the court to make the ruling so there is not question of what authority he has. The Fed is trapped, no inflation, Trump is forcing them into a position that they will not be able to get out of. The [DS] is battling evidence that is coming out against them, the evidence is getting worse and they need to distract from this and keep the news cycle clogged with other stories. Every time news breaks against the [DS]/[D's] some type of event occurs. Trump is now exposing Soros. Soros funds the riots and antifa. Antifa mapping started a long time ago. Economy (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:18510697282300316,size:[0, 0],id:"ld-8599-9832"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); https://twitter.com/TrumpWarRoom/status/1960524710342746224 https://twitter.com/julie_kelly2/status/1960494829236052013 https://twitter.com/RepJasmine/status/1960343560756056539 Lisa Cook committed a crime and nobody is above the law You don't get special privileges based on the color of your skin NEW: Lisa Cook to File Lawsuit After Trump Fires Her as Federal Reserve Governor….Fed Says It Will Abide by Court Decision Lisa Cook is preparing to file a lawsuit after President Trump fired her as Federal Reserve Governor. President Trump on Monday evening fired Biden-appointed Federal Reserve Governor Lisa Cook amid mortgage fraud allegations. “Pursuant to my authority under Article II of the Constitution of the United States and the Federal Reserve Act of 1913, as amended, you are hereby removed from your position on the Board of Governors of the Federal Reserve, effective immediately,” President Trump wrote in a letter to Lisa Cook. “I have determined that there is sufficient cause to remove you from your position,” Trump added as he cited housing regulator Bill Pulte's criminal referral on Lisa Cook for mortgage fraud – specifically occupancy fraud. Source: thegatewaypundit.com What Fed must do now after Jerome Powell's Jackson Hole epiphany Last Friday in Jackson Hole, Federal Reserve Chairman Jay Powell finally – and grudgingly – admitted what the Trump team has been saying all along: tariffs don't fuel inflation. At most, tariffs create a one-time adjustment in prices, not the kind of runaway spiral that demands punishing rate hikes. And even that one-time bump may be negligible if, as we have long argued, foreign exporters – not American consumers – shoulder most or all of the burden. The implication is clear: whether the impact is zero or merely a one-time step-up in prices, there is absolutely no justification for the Fed to hide behind "tariff uncertainty" as an excuse for overly restrictive interest-rate policy. Soure: foxnews.com Political/Rights https://twitter.com/robbystarbuck/status/1960481691606376666 https://twitter.com/AsraNomani/status/1960407636446175597 https://twitter.com/libsoftiktok/status/1960714129783546232 FAILED promises. https://twitter.com/libsoftiktok/status/1960729811099308460 Obama Judge Says MS-13 Gang Member Kilmar Abrego Garcia Cannot be Deported Until At Least October
Jerome Powell's Jackson Hole speech marks a major pivot at the Federal Reserve. Peter Schiff explains how political pressure from the Trump administration has forced Powell's hand, why stagflation is now undeniable, and what this means for gold, the dollar, and the future of the U.S. economy.This episode is sponsored by NetSuite. Download the free ebook “Navigating Global Trade: 3 Insights for Leaders” at https://netsuite.com/goldIn this Sunday Night Live edition of The Peter Schiff Show, Peter compares Powell's capitulation to the “mind right” scene in Cool Hand Luke, warns about the Fed's coming return to QE, and exposes the dangerous precedent of the U.S. government seizing a 10% stake in Intel. Schiff lays out why gold, silver, and foreign stocks are outperforming, and why the next phase of the crisis will be even more severe.00:00 Introduction and Opening Remarks02:15 Powell's Jackson Hole Speech: A Sober Assessment06:48 Trump's Pressure and Powell's “Mind Right” Moment12:02 Comparing Trump and Biden Economies18:37 Stagflation Confirmed: Weak Growth, Stronger Inflation24:10 Fed Policy, Employment Risks, and Inflation Mandate29:44 The End of Inflation Averaging at 2%36:50 Rate Cuts, Quantitative Tightening, and QE Ahead44:15 Market Reactions: Stocks, Bonds, and the Dollar51:28 Gold and Silver Surge vs. Bitcoin's Underperformance58:44 Mining Stocks: GDX and GDXJ Leading 2025 Returns01:05:37 Foreign Stocks and the Great Rotation Out of U.S. Equities01:12:52 Intel's 10% Government Stake and Rising Corporatism01:20:46 Investment Strategy: Gold, Mining, and Foreign Markets01:28:14 Conclusion and Schiff Sovereign UpdateFollow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiffSign up for Peter's most valuable insights at https://schiffsovereign.comSchiff Gold News: https://www.schiffgold.com/newsFree Reports & Market Updates: https://www.europac.comBook Store: https://schiffradio.com/books#federalreserve #stagflation #gold #inflation #dollarcollapse #economyOur Sponsors:* Check out Boll & Branch: https://bollandbranch.com/SCHIFF* Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.comPrivacy & Opt-Out: https://redcircle.com/privacy
A.M. Edition for Aug 22. Jerome Powell is set to speak at the Jackson Hole symposium this morning, where WSJ editor Quentin Webb says the Federal Reserve Chair is expected to detail a significant policy shift on an economic strategy that soured. Plus, the Trump administration considers taking equity stakes in companies receiving Chips Act funds. And, in our Price of Parenting series, WSJ's Sandra Kilhof speaks to personal finance reporters Veronica Dagher and Joe Pinsker for some money-saving hacks to help with the hidden costs of raising a child. Azhar Sukri hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
A.M. Edition for Aug 21. After months of spending big to hire more than 50 researchers and engineers, Meta Platforms says it's taking a breather on adding to its artificial-intelligence division. Plus, Nick Timiraos details how Federal Reserve Chair Jerome Powell is navigating growing economic and political pressures as central bank governors gather for their annual meeting in Jackson Hole. And, in our Price of Parenting series, WSJ's Sandra Kilhof and Te-Ping Chen unpack the soaring cost of childcare. Azhar Sukri hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
Ahead of the central bank's big meeting in Jackson Hole this week, President Trump is ramping up pressure on the Federal Reserve, calling for Fed governor Lisa Cook to resign over accusations of fraud. We'll get into it. And, SpaceX got a win in federal court that could have lasting effects on the power of the National Labor Relations Board. Plus, what makes a good life?"Appeals court says NLRB structure unconstitutional, in a win for SpaceX" from Tech Crunch"The Government Just Made it Harder for The Public to Comment on Regulations" from 404 Media"Trump Says Smithsonian Focuses Too Much on ‘How Bad Slavery Was'" from The New York Times"Trump Considers Firing Fed Official After Accusation of Mortgage Fraud" from The Wall Street Journal"There's a path to a good life beyond happiness and meaning" from The Washington Post We love hearing from you. Leave us a voicemail at 508-U-B-SMART or email makemesmart@marketplace.org.
This week on Market Mondays, we break down the biggest moves in the market as stock futures rise ahead of Zelensky's White House visit and Jerome Powell's speech at Jackson Hole. We also dive into the real risks facing retail — not Q2 earnings, but the weak forecasts driven by tariffs and cautious consumer behavior. On the crypto side, we debate if now is the right time to buy Bitcoin and share our picks for the stock or cryptocurrency with the most upside potential through year-end.We're joined by wealth-building expert Cedric Nash, who shares lessons from real estate, divorce, and prenups, as well as insights on structuring wealth that lasts. We also cover U.S. trade changes that hit Shein and Temu hard while boosting Amazon, break down why TQQQ isn't a smart long-term play compared to QQQ, and analyze Warren Buffett's surprising bet on UnitedHealth. Plus, we unpack how traders can start treating their portfolios like businesses, from reinvestments to taxes and personal spending.Later, Tabitha Brown joins us for a powerful conversation on the Target boycott, its impact on Black business owners, and the importance of marketing with purpose. We also answer the burning question for investors late to the party: what's the right entry point for NVDA? Don't miss this packed episode full of insights at the intersection of money, markets, and culture.Invest Fest Ticket Link: https://investfest.com (code: Reform) for free tickets (first 50)#MarketMondays #EarnYourLeisure #Investing #StockMarket #Crypto #Bitcoin #WealthBuilding #CedricNash #TabithaBrown #Retail #NVDA #TQQQ #QQQ #WarrenBuffett #Shein #Temu #AmazonOur Sponsors:* Check out PNC Bank: https://www.pnc.com* Check out Square: https://square.com/go/eylSupport this podcast at — https://redcircle.com/marketmondays/donationsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy
Picture this. You're a first-time tourist in the great country of ‘Merica and you can only visit 4 cities before you bon voyage back home. Whatcha checkin out?? The Beach Boy ocean breezes of LA or the southern hospitality of New Orleans?? Maybe you've always wanted a Chicago hotdog before you die (seriously if that's your main goal in life, we're concerned) or maybe you're like Brandi and laser focus on Jackson Hole?? YFTer's it's all up for debate this week as your hosts try to come to some sort of consensus on this age-old question. Meanwhile, in Bachelor-in-Paradise world, is anyone shocked with the Brian backlash?? Should he have talked to Jeremy first before telling Bailey?? What we do know is this cast should have listened to Wells more - the man knows a few things about BIP after 8 seasons! Fave things galore this week, YFTer's, including Perfect Match thoughts, Chris Pratt TV shows, and a War of The World remake that makes us want to poke sharp things in our eyeballs. Enjoy the rants!! Thanks to our awesome sponsors for supporting this episode! Mood: Get 20% off your first order at Mood.com/YFT with promo code YFT. Hungryroot: For a limited time get 40% off your first box PLUS get a free item in every box for life. Go to Hungryroot.com/yft and use code yft. Happy Mammoth: For a limited time get 15% off on your entire first order at happymammoth.com and use the code YFT. Quince: Treat your closet to a little summer glow-up with Quince. Go to Quince.com/yft for free shipping on your order and 365 day returns. Function Health: The first 1000 people get a $100 credit toward their membership. Visit www.functionhealth.com/FAVORITETHING or use gift code FAVORITETHING at sign-up. Betterhelp: YFT'ers get 10% off their first month at BetterHelp.com/favoritething. Skims: Shop SKIMS.com and after you place your order, be sure to let them know we sent you! Select "podcast" in the survey and select YFT. Don't forget to rate, review, and follow Your Favorite Podcast! Plus, keep up with us between episodes on our Instagram pages, @yftpodcast @wellsadams and @brandicyrus and be sure to leave us a voicemail with your fave things at 858-630-1856! This podcast is brought to you by Podcast Nation.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Picture this. You're a first-time tourist in the great country of ‘Merica and you can only visit 4 cities before you bon voyage back home. Whatcha checkin out?? The Beach Boy ocean breezes of LA or the southern hospitality of New Orleans?? Maybe you've always wanted a Chicago hotdog before you die (seriously if that's your main goal in life, we're concerned) or maybe you're like Brandi and laser focus on Jackson Hole?? YFTer's it's all up for debate this week as your hosts try to come to some sort of consensus on this age-old question. Meanwhile, in Bachelor-in-Paradise world, is anyone shocked with the Brian backlash?? Should he have talked to Jeremy first before telling Bailey?? What we do know is this cast should have listened to Wells more - the man knows a few things about BIP after 8 seasons! Fave things galore this week, YFTer's, including Perfect Match thoughts, Chris Pratt TV shows, and a War of The World remake that makes us want to poke sharp things in our eyeballs. Enjoy the rants!! Thanks to our awesome sponsors for supporting this episode! Mood: Get 20% off your first order at Mood.com/YFT with promo code YFT. Hungryroot: For a limited time get 40% off your first box PLUS get a free item in every box for life. Go to Hungryroot.com/yft and use code yft. Happy Mammoth: For a limited time get 15% off on your entire first order at happymammoth.com and use the code YFT. Quince: Treat your closet to a little summer glow-up with Quince. Go to Quince.com/yft for free shipping on your order and 365 day returns. Function Health: The first 1000 people get a $100 credit toward their membership. Visit www.functionhealth.com/FAVORITETHING or use gift code FAVORITETHING at sign-up. Betterhelp: YFT'ers get 10% off their first month at BetterHelp.com/favoritething. Skims: Shop SKIMS.com and after you place your order, be sure to let them know we sent you! Select "podcast" in the survey and select YFT. Don't forget to rate, review, and follow Your Favorite Podcast! Plus, keep up with us between episodes on our Instagram pages, @yftpodcast @wellsadams and @brandicyrus and be sure to leave us a voicemail with your fave things at 858-630-1856! This podcast is brought to you by Podcast Nation.