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John Kenney's I See You've Called in Dead is about an obituary writer named Bud Stanely. One late night after a particularly bad date and too many glasses of Scotch, Bud drunkenly writes his own remembrance – and hits publish. The newspaper where he works wants to fire him, but can't legally terminate a dead person. But the error sets off a change in Bud's life as he begins to attend the funerals of strangers. In today's episode, Kenney joins NPR's Scott Simon for a conversation about the college journalism assignment that sparked the idea for the novel, the author's experience of male friendship, and a nugget of dark humor from Kenney's late brother.To listen to Book of the Day sponsor-free and support NPR's book coverage, sign up for Book of the Day+ at plus.npr.org/bookofthedayLearn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
Send us a textIn today's episode, Alex and Tara have a thought-provoking and wisdom-filled discussion with John Kenney, author of three novels and four books of poetry, including LOVE POEMS FOR MARRIED PEOPLE. His first novel, TRUTH IN ADVERTISING, won the Thurber Prize for American humor. He is a long-time contributor to The New Yorker magazine's Shouts & Murmurs column and currently lives in Larchmont, NY. Listen as they discuss what it's like writing a darkly humorous book about death, the beauty and healing in confronting grief, the importance of writing realistic characters and stories, why he wanted to write fiction after being in advertising for years, who inspired the characters of I SEE YOU'VE CALLED IN DEAD, and how short fiction can help our long-form stories. Due to character limitations, please find a full version of the show notes with applicable content warnings and links on our website at: https://www.tarakross.com/podcast-1→ Connect with John on his Instagram or visit his column on The New Yorker's website → Buy I SEE YOU'VE CALLED IN DEAD HEREThe Hope Prose Podcast's InstagramAlex's Instagram Tara's Instagram
Welcome to the Spring 2025 Book Preview with Catherine of Gilmore Guide to Books! Today, Catherine and Sarah share 12 of their most anticipated books releasing in April and May. This post contains affiliate links through which I make a small commission when you make a purchase (at no cost to you!). CLICK HERE for the full episode Show Notes on the blog. Announcement Sarah's Bookshelves has joined Substack! Please note, we're not MOVING to Substack, we're simply adding Substack to the places we already put out content. On our FREE Substack feed, Sarah's Bookshelves is offering all the content you already find on the blog, my Instagram account, public podcast, On our PAID feed, we're offering all the content we also offer on Patreon. If you're interested in becoming a paying subscriber on Substack, visit sarahsbookshelveslive.substack.com for all the details and a full list of benefits. If you're already on Substack, please consider following the FREE feed and sharing with your reader friends to help support the show. One of the many benefits to joining as a paying member of either our Patreon or Substack Communities is gaining access to several bonus podcast episode series, including Book Preview Extras! In these episodes, Catherine and Sarah share at least 4 bonus books we are excited about that were not shared in the big show preview episode. Get more details about all the goodies available to all Superstar patrons here and all Substack paid subscribers here! Highlights Catherine and Sarah share some big releases coming this spring (lightning round style). With a theme this season of “change,” Catherine focuses on lighter fiction and thrillers. Sarah's choices are evenly split between debut authors, new to her authors, and repeat authors. Food novels, rom-coms, thrillers (two with a mistaken identity element), and lighter reading are the picks for spring! Sarah has already read one of her picks — and one of Catherine's! And, Catherine has already started reading one of hers. Plus, their #1 picks for the spring. Big Spring Releases [5:15] The Emperor of Gladness by Ocean Vuong (May 13) | Amazon | Bookshop.org [5:43] The Dark Maestro by Brendan Slocumb (May 13) | Amazon | Bookshop.org [5:47] Say You'll Remember Me by Abby Jimenez (Apr 1) | Amazon | Bookshop.org [5:56] Run for the Hills by Kevin Wilson (May 13) | Amazon | Bookshop.org [6:03] Vera Wong's Guide to Snooping (on a Dead Man) by Jesse Q. Sutanto (Apr 1) | Amazon | Bookshop.org [6:18] The Maid's Secret by Nita Prose (Apr 8) | Amazon | Bookshop.org [6:26] Audition by Katy Kitamura (Apr 8) | Amazon | Bookshop.org [6:29] My Documents by Kevin Ngyuen (Apr 8) | Amazon | Bookshop.org [6:44] Backlist Titles Mentioned The Violin Conspiracy by Brendan Slocumb (2022) [5:51] Symphony of Secrets by Brendan Slocumb (2023) [5:53] Spring 2025 Book Preview [6:51] April Sarah's Picks The Family Recipe by Carolyn Huynh (Apr 1) | Amazon | Bookshop.org [9:40] I See You've Called in Dead by John Kenney (Apr 1) | Amazon | Bookshop.org[14:49] The Bright Years by Sarah Damoff (Apr 22) | Amazon | Bookshop.org [23:15] Gold Coast Dilemma by Nana Malone (Apr 29) | Amazon | Bookshop.org[29:28] The Road to Tender Hearts by Annie Hartnett (Apr 29) | Amazon | Bookshop.org [33:42] Catherine's Picks Cat's People by Tanya Guerrero (Apr 1) | Amazon | Bookshop.org [12:46] Heartwood by Amity Gaige (Apr 1) | Amazon | Bookshop.org [18:23] Other Books Mentioned The Fortunes of Jaded Women by Carolyn Huynh (2022) [9:44] Talk to Me by John Kenney (2019) [14:53] About a Boy by Nick Hornby (1998) [16:48] The God of the Woods by Liz Moore (2024) [18:30] The Return of Ellie Black by Emiko Jean (2024) [18:32] Sea Wife by Amity Gaige (2020) [22:47] The Shred Sisters by Betsy Lerner (2024) [24:45] The Dearly Beloved by Cara Wall (2019) [26:18] Ask Again, Yes by Mary Beth Keane (2019) [26:20] We Are the Brennans by Tracey Lange (2021) [26:22] The Most Fun We Ever Had by Claire Lombardo (2019) [26:25] Yours, Eventually by Nura Maznavi (2025) [30:58] Unlikely Animals by Annie Hartnett (2022) [33:47] The Guncle by Steven Rowley (2021) [38:04] May Sarah's Picks Aftertaste by Daria Lavelle (May 20) | Amazon | Bookshop.org [42:16] Catherine's Pick Home of the American Circus by Allison Larkin (May 6) | Amazon | Bookshop.org [26:48] The Man Made of Smoke by Alex North (May 13) | Amazon | Bookshop.org [31:29] Abigail and Alexa Save the Wedding by Lian Dolan (May 20) | Amazon | Bookshop.org [39:56] Storybook Ending by Moira Macdonald (May 27) | Amazon | Bookshop.org[45:36] Other Books Mentioned The People We Keep by Allison Larkin (2021) [28:23] The Angel Maker by Alex North (2023) [31:39] Lost and Found in Paris by Lian Dolan (2022) [41:25] Kitchen Confidential by Anthony Bourdain (2000) [43:42] The Husbands by Holly Gramazio (2024) [43:54] Sweetbitter by Stephanie Danler (2016) [44:36] Tomorrow, and Tomorrow, and Tomorrow by Gabrielle Zevin (2022) [44:40] Mexican Gothic by Silvia Moreno-Garcia (2020) [44:42] Under the Whispering Door by TJ Klune (2021) [44:45] The Midnight Library by Matt Haig (2020) [44:53] Storybook Ending by Poppy Alexander (2024) [47:32]
Zibby Publishing author alert! Zibby is joined by New York Times bestselling and Thurber Prize-winning author John Kenney to discuss his razor-sharp, darkly comedic, and emotionally piercing new novel, I SEE YOU'VE CALLED IN DEAD. John delves into the story, which follows an obituary writer who accidentally publishes his own death notice, sparking chaos and unexpected self-discovery. John shares the deeply personal inspiration behind this book, touching on loss, the complexities of grief, and how humor helps us navigate life's toughest moments. The conversation also delves into male friendship, office culture, and the impact of writing. With wit and warmth, John and Zibby explore what it means to truly live while grappling with loss.Purchase on Bookshop: https://bit.ly/41UiCYzShare, rate, & review the podcast, and follow Zibby on Instagram @zibbyowens! Now there's more! Subscribe to Moms Don't Have Time to Read Books on Acast+ and get ad-free episodes. https://plus.acast.com/s/moms-dont-have-time-to-read-books. Hosted on Acast. See acast.com/privacy for more information.
Welcome to Episode 98 of Law and Mortar, featuring Trent Cotney, Partner at Adams and Reese LLP, and John Kenney, CEO of Cotney Consulting Group. In this episode, Trent and John discuss the construction sector's economic challenges and uncertainty.
Welcome to Episode 97 of Law and Mortar, featuring Trent Cotney, Partner at Adams and Reese LLP, and John Kenney, CEO of Cotney Consulting Group. In this episode, Trent and John explore the growing role of artificial intelligence (AI) and automation in the construction and roofing industries.They discuss: ✅ How contractors are using AI for email management, proposal writing, and process optimization ✅ The future of robotics in construction and roofing ✅ AI's potential for customer service, logistics, and quality control ✅ Upcoming presentations at industry events, including discussions on AI, maintenance agreements, and legal issues in subcontractingDon't miss this forward-thinking discussion on how AI is reshaping the roofing and construction industries!
Welcome to Episode 96 of Law and Mortar, featuring Trent Cotney, Partner at Adams and Reese LLP, and John Kenney, CEO of Cotney Consulting Group. In this episode, Trent and John break down the latest policy shifts affecting the construction industry, including executive orders, immigration policies, and tariffs. They discuss the impact of these changes on labor costs, materials, and business strategy. Plus, they share insights on preparing for economic uncertainty and upcoming industry events like the International Roofing Expo (IRE) and Women in Roofing. Don't miss this essential discussion for construction and roofing professionals!
In this episode of Roofing Road Trips, host Alex Tolle sits down with John Kenney, CEO of Cotney Consulting Group, to discuss the pivotal role of education in shaping successful project managers within the roofing industry. As the architect behind the Roofing Project Manager Training Program, Kenney shares insights into how this program equips roofing professionals with the skills to oversee complex projects, manage budgets and lead teams with a strong emphasis on safety. Join us as we explore the unique challenges project managers face and how targeted training can drive success and career advancement in the roofing sector. Learn more at RoofersCoffeeShop.com! https://www.rooferscoffeeshop.com/ Are you a contractor looking for resources? Become an R-Club Member today! https://www.rooferscoffeeshop.com/rcs-club-sign-up Sign up for the Week in Roofing! https://www.rooferscoffeeshop.com/sign-up Follow Us! https://www.facebook.com/rooferscoffeeshop/ https://www.linkedin.com/company/rooferscoffeeshop-com https://x.com/RoofCoffeeShop https://www.instagram.com/rooferscoffeeshop/ https://www.youtube.com/channel/UCAQTC5U3FL9M-_wcRiEEyvw https://www.pinterest.com/rcscom/ https://www.tiktok.com/@rooferscoffeeshop https://www.rooferscoffeeshop.com/rss #CotneyConsultingGroup #RoofersCoffeeShop #MetalCoffeeShop #AskARoofer #CoatingsCoffeeShop #RoofingProfessionals #RoofingContractors #RoofingIndustry
Law and Mortar- Episode 95: Roofing Legal Issues, Trump-Era Construction Impacts, and Year-End Financial Planning Join Trent Cotney, Partner at Adams and Reese LLP, and John Kenney, CEO of Cotney Consulting Group, for an insightful discussion on the roofing and construction industry's latest challenges and opportunities. This episode covers: · Roofing Legal Issues: Analyzing fraudulent practices and navigating settlement advice.· Construction Industry Trends: Evaluating the Trump administration's impacts on deregulation, immigration, and labor availability.· Year-End Financial Strategies: Practical advice for tax planning, employee incentives, and investing in growth to mitigate tax liabilities.Stay informed and prepared for what lies ahead in the industry.
Dive into Episode 94 of 'Law and Mortar,' where hosts Trent Cotney and John Kenney dissect the latest current affairs, political climate, and more topics and effectiveness in the roofing and construction industry.
A clip from our patreon covering the band The Fall, and featuring John Kenney https://www.patreon.com/LostFuturesPod Rate us on Apple Podcasts: https://podcasts.apple.com/us/podcast/lost-futures-a-mark-fisher-podcast/id1685663806Spotify: https://open.spotify.com/show/0EnwNGZijCDZVIl5JtjwGTFollow us on Twitter: @lostfuturespodTheme Song By: EvilJekyllArt/animation by: Gregory Cristiani --- Support this podcast: https://podcasters.spotify.com/pod/show/lost-futures/support
In this episode of Roofing Road Trips®, Karen Edwards is joined by Sam Beiler from Equipter, John Kenney from Cotney Consulting Group and Jason Reisman of Eustis Roofing to discuss how investments in equipment can be used to recruit top talent in the roofing industry. Our panel lays out the challenges contractors encounter when recruiting as well as what top performers are looking for in a roofing outfit. They then move to the benefits of different types of machines and how to use them in recruiting materials. The conversation wraps up with a discussion of things contractors should be aware of when making these purchases to protect their business and their workers. Listen to this episode for a new way to recruit top talent! Learn more at RoofersCoffeeShop.com! https://www.rooferscoffeeshop.com/ Are you a contractor looking for resources? Become an R-Club Member today! https://www.rooferscoffeeshop.com/rcs-club-sign-up Sign up for the Week in Roofing! https://www.rooferscoffeeshop.com/sign-up Follow Us! https://www.facebook.com/rooferscoffeeshop/ https://www.linkedin.com/company/rooferscoffeeshop-com https://x.com/RoofCoffeeShop https://www.instagram.com/rooferscoffeeshop/ https://www.youtube.com/channel/UCAQTC5U3FL9M-_wcRiEEyvw https://www.pinterest.com/rcscom/ https://www.tiktok.com/@rooferscoffeeshop https://www.rooferscoffeeshop.com/rss #RoofersCoffeeShop #MetalCoffeeShop #AskARoofer #CoatingsCoffeeShop #RoofingProfessionals #RoofingContractors #RoofingIndustry #Equipter
In this episode of the Roofing Technology Think Tank podcast, Karen Edwards welcomes John Kenney from Cotney Consulting Group to talk about estimating and the role that technology plays in the process. They examine the importance of understanding the basics of estimating and how technology enhances efficiency. Finally, they explain AI modeling in estimating and what the future of estimating might look like. Learn more at https://rt3thinktank.com/
Join us for an insightful episode of Roofing Road Trips® as Karen Edwards sits down with John Kenney from Cotney Consulting Group to discuss his comprehensive in-person roofing estimating training courses. In this episode, John goes into the importance of accurate and consistent cost estimates in successful roofing construction projects. Discover how his two-day live classroom course equips participants with the skills and knowledge to perform precise roofing estimates, manage bidding processes and ensure cost efficiency across various commercial applications. Learn more at RoofersCoffeeShop.com! Are you a contractor looking for resources? Become an R-Club Member today! https://www.rooferscoffeeshop.com/rcs-club-sign-up Follow Us! https://www.instagram.com/rooferscoffeeshop/?hl=en https://www.facebook.com/rooferscoffeeshop/ https://www.linkedin.com/company/rooferscoffeeshop-com https://www.tiktok.com/@rooferscoffeeshop https://www.pinterest.com/rcscom/ https://www.youtube.com/channel/UCAQTC5U3FL9M-_wcRiEEyvw https://twitter.com/RoofCoffeeShop #RoofersCoffeeShop #CotneyConsultingGroup #JohnKenney #RoofingProfessionals #RoofingContractors #RoofingIndustry
Dive into Episode 93 of 'Law and Mortar,' where hosts Trent Cotney and John Kenney dissect the latest FTC rulings, discuss building trust through authentic testimonials, and explore effective risk mitigation in the roofing and construction industry. This episode covers:FTC Ruling and Legal Insights: Learn about the implications of new FTC rulings on roofing companies and the importance of genuine reviews.Building Trust: Discover how authentic testimonials and word-of-mouth are essential for growing a roofing business.Risk Mitigation Strategies: Gain insights on avoiding common operational pitfalls through effective management.Marketing Strategies: Evaluate the pros and cons of in-house versus outsourced marketing. Join Trent and John for a comprehensive look at the challenges and strategies that shape the roofing industry. Subscribe to stay updated with expert insights aimed at enhancing your business's resilience and success.
Welcome to Episode 92 of "Law and Mortar" with Trent Cotney, Partner at Adams and Reese LLP, and John Kenney, CEO of Cotney Consulting Group.In this episode, we dive deep into the latest trends in the roofing industry, discussing crucial developments that every contractor needs to know. We talk about the impact of recent regulatory changes, best practices for risk management, and how to leverage technology to stay ahead in the game. Whether you're a seasoned professional or just getting started, this episode is packed with insights to help you navigate the industry's complexities. Let's get started!
Welcome to Episode 91 of "Law and Mortar" with Trent Cotney, Partner at Adams and Reese LLP, and John Kenney, CEO of Cotney Consulting Group.Today's episode explores the evolving roofing industry, focusing on Supreme Court Decisions and Qualified Immunity, a live disaster preparedness Estimation Workshop, and more. Stay tuned for all this and more on "Law and Mortar"!
Welcome to Episode 90 of "Law and Mortar" with Trent Cotney, Partner at Adams and Reese LLP, and John Kenney, CEO of Cotney Consulting Group.In today's episode, we dive into the evolving roofing industry, focusing on automation, the role of manufacturing, and the future dominance of private equity-owned installing companies. John previews his upcoming estimating training course and the deep dive workshop in Lakeland, Florida, while Trent highlights their excitement for the upcoming FRSA Expo in Orlando, where they'll reconnect with local roofers and share invaluable insights.
Welcome to Episode 89 of our podcast! Get ready to dive into the construction world with our special hosts Trent Cotney, Partner at Adams and Reese LLP, and John Kenney, CEO of Cotney Consulting Group. Join us as we dive into the highlights of Roofing Day in DC, discussing the key takeaways and the impact on the industry. We will also share their expert insights on the current political climate and its effects on the market. Whether you're directly involved in roofing or interested in the broader implications of these topics, this episode offers valuable perspectives on navigating challenges and seizing opportunities in today's dynamic environment.
In this episode, Trent Cotney of Adams and Reese LLP and John Kenney from Cotney Consulting Group discuss key takeaways from the International Roofing Expo (IRE) 2024. They delve into the latest trends, innovations, and strategic insights gained from the event, offering listeners a deep dive into what's next in the roofing and construction industries. This conversation is essential for professionals looking to stay updated on industry advancements and predictions for the future. Tune in for a straightforward, insight-packed discussion.
New Episode 86 features Trent Cotney, Partner at Adams and Reese LLP, and John Kenney, CEO of Cotney Consulting Group, discussing The State of The Industry for 2024 and upcoming events in the roofing industry.
Episode 85 features Trent Cotney, Partner at Adams and Reese LLP, and John Kenney, CEO of Cotney Consulting Group, discussing Fleet Management Best Practices and last-minute tips for 2023.
Join us in a riveting conversation on Episode 84 of our podcast, where we delve into the transformative world of skilled labor training. This week, we feature two distinguished guests: Trent Cotney, a prominent Partner at Adams and Reese LLP, and John Kenney, the dynamic CEO of Cotney Consulting Group.Our in-depth discussion centers around the pivotal movement to lower the apprenticeship age to under eighteen, a crucial step that promises to revolutionize the industry by allowing students to embark on hands-on training with experienced contractors at a younger age.As the year draws to a close, Trent and John also share valuable insights on end-of-the-year planning, offering listeners a glimpse into the strategic minds that have shaped the industry.And, in the spirit of Thanksgiving, our esteemed guests reflect on the year gone by, sharing personal anecdotes and expressing gratitude for the milestones and challenges that have enriched their journey.Tune in to Episode 84 for an enlightening and thought-provoking exploration of the skilled labor landscape, led by two of its most influential voices.
Episode 83 features Trent Cotney, Partner at Adams and Reese LLP, and John Kenney, CEO of Cotney Consulting Group, discussing what a contractor may overlook in preparing for a sale, the current M&A climate in our industry, AR collections, and more.
Episode 82 features Trent Cotney, Partner at Adams and Reese LLP, and John Kenney, CEO of Cotney Consulting Group, discussing the immigration issues, what is happening at the Western States Roofing expo, and more in this week's podcast.
In this RoofersCoffeeShop RLW, Heidi J. Ellsworth meets with experts in customer service, estimating, service, safety, regulations and legal issues. Eugene Zukowski of Jobba, John Kenney of Cotney Consulting Group and Trent Cotney of Adams and Reese join the conversation to share their 2023 insights on how business intelligence (BI) can help owners understand their success or discover where they need to improve by using these critical core disciplines. It is all about scaling up your business for success with the right data. These industry experts will talk about how to incorporate BI with important business functions in order to build a strong service and maintenance program for overall company success. Learn more at RoofersCoffeeShop.com! Sign up for the Week in Roofing!
Episode 81 features Trent Cotney, Partner at Adams and Reese LLP, and John Kenney, CEO of Cotney Consulting Group, discussing the construction outlook for the remainder of 2023 and an advanced look at what we can expect in 2024, safety incentive plans, and more in this week's podcast.
Episode 80 features Trent Cotney, Partner at Adams and Reese LLP, and John Kenney, CEO of Cotney Consulting Group, discussing how to handle reputation management, field leadership study, and the future workforce, and more in this week's podcast.
Episode 79 features Trent Cotney, Partner at Adams and Reese LLP, and John Kenney, CEO of Cotney Consulting Group, discussing contract terms to watch out for, capital impacts, cash flow, employee retention, and more in this week's podcast.
A Senate hearing on recent bank failures turned into a prickly confrontation between bank executives and lawmakers. Former leadership for Silicon Valley, Signature, and First Republic Banks were hammered by lawmakers about why their banks collapsed. And there wasn't a lot of agreement on the cause. Bank executives blamed the government and the media, while lawmakers blamed mismanagement and greed. Hi, I'm Kathy Fettke and this is Real Estate News for Investors. Please remember to subscribe to this podcast and leave us a review. Silicon Valley Bank made the biggest splash as the first bank to fall with about $210 billion in assets. Signature bank had about $110 billion when it was seized by regulators. They were the third and fourth largest banks in the U.S. so their failures raised huge concerns about the impact on the entire financial system. First Republic went south and teetered for a few months after it lost billions in deposits, and was largely taken over by JPMorgan. SVB CEO Blamed a Series of “Unprecedented Events” In a joint session before the Senate Banking Committee, former Silicon Valley Bank CEO Greg Becker pointed a finger at the federal government, saying the bank's failure was the result of a series of “unprecedented events.” He testified that: “With near zero-percent interest rates and the largest government sponsored economic stimulus in history, more than $5 trillion in new deposits flooded into commercial banks. By the end of 2020, SBV had grown 63 percent over the prior year, and in 2021, SVB's assets grew another 83 percent to $212 billion.” (1) He also pointed out that during the pandemic, when inflation started to become an issue, the Federal Reserve insisted that inflation was “transitory” and that interest rates would remain low. Massive Bank Run at SVB The bank's collapse largely happened after a decision to invest more than half of the bank's loan portfolio into fixed-income Treasury securities, when interest rates were low. They are considered “low risk” but they are also impacted by interest rate hikes. When interest rates blew up to fight inflation, the value of SVB's portfolio shrank and that forced the bank to sell at a $2 billion loss. When news spread about the bank's situation, depositors became concerned about accessing their funds and the bank experienced a massive bank run. Media Misconceptions Becker also blamed the media for comparing the March 8th failure of Silvergate Bank to Silicon Valley Bank. He told lawmakers that the two banks had completely different business models, and said: “Rumors and misconceptions quickly spread online, culminating on March 9th with the first-ever social media bank run leading to more than $42 billion in deposits being withdrawn from SVB in 10 hours, or $1 million every second.” Two More Dominoes to Fall Former Signature Bank Chairman Scott Shay was miffed that his bank was seized by New York State regulators on March 12th. He insisted that the bank would have survived that bank run. He argued: “We were at all times solvent and well-capitalized, and even with the sale of our available-for-sale securities, we still would have remained well capitalized.” Former First Republic CEO Mike Roffler also blamed social media and news stories for inciting panic among depositors along with technology that allows for fast-paced digital withdrawals. Roffler told lawmakers: “The contagion spread very quickly and panic is very hard to control.” (2) Lawmakers Blame Mismanagement, Greed But lawmakers also took the conversation in a different direction, criticizing bank leaders for millions of dollars in bonuses and personal stock sales ahead of the failures. Senator Sherrod Brown ripped into Becker saying: “Workers face consequences, executives ride off into the sunset. Only in corporate boardrooms can you run your business into the ground, take the whole economy along with you and come out ahead. We can't let that happen again.” Some lawmakers said that bank executives could have reduced the risk by hedging their portfolios, but that they, instead, placed profits ahead of safety. As explained in a Washington Post article, Silicon Valley Bank had financed short-term liabilities with long-term debt. It seemed like a no-brainer when interest rates were low, and to be fair, there was a lot of talk about interest rates remaining low for a very long time. But when the Fed started hiking rates, the value of those Treasurys went down. Lawmakers say the bank could have swapped those longer-term notes for one with shorter-terms that match the duration of the bank's liabilities. But they say the banks didn't do that because it would have been more expensive. (3) Sharp Words from Some Senators The session became downright nasty at times. Senator John Kenney of Louisiana had sharp words for what he called SVB's “stupidity.” He told Becker: “You made a really stupid bet that went bad, didn't ya? And the taxpayers of America had to pick up the tab for your stupidity, didn't they?” (4) He continued saying: “No, this wasn't unprecedented. This was bone-deep, down-to-the-marrow stupid. You put all your eggs in one basket and unless you lived on the International Space Station you could see that interest rates were rising and that you weren't hedged.” Let's hope we've seen the last of this kind of banking madness. You can read more about this by following links in the show notes at newsforinvestors.com. I always encourage listeners to hedge their own financial empire with real estate. You can learn how to invest in rental properties at RealWealth. Becoming a member is free and will give you access to all our educational material as well as our investor portal with valuable data on rental markets, sample properties, and help from our investment counselors who can answer your questions. Just hit the “Join for Free” button. And please remember to subscribe to this podcast! Thanks for listening! Kathy Fettke If you're a RealWealth member, just sign into the portal and look for DealCheck under the Resources tab. If you aren't a member, it's free and easy to sign up. And, please remember to subscribe to this podcast! Thanks for listening! Kathy Links: 1 - https://commercialobserver.com/2023/05/svb-signature-ceos-blame-federal-govt-media-bank-failures/ 2 - https://www.forbes.com/sites/dereksaul/2023/05/17/lawmaker-blasts-first-republic-chief-you-were-one-of-3-worst-run-banks-in-us/?sh=256ad3e18d07 3 - https://www.washingtonpost.com/business/2023/03/15/svb-s-fateful-mistake-could-be-lurking-in-your-401-k/0f139944-c31b-11ed-82a7-6a87555c1878_story.html 4 - https://www.cnn.com/2023/05/17/investing/premarket-stocks-trading/index.html
Episode 78 features Trent Cotney, Partner at Adams and Reese LLP, and John Kenney, CEO of Cotney Consulting Group, discussing Florida's New Immigration law, the possible default on the debt limit, and their effects on business in this week's podcast.
Episode 77 features Trent Cotney, Partner at Adams and Reese LLP, and John Kenney, CEO of Cotney Consulting Group, discussing Artificial Intelligence (AI) in this week's podcast.
This Coffee Conversation explores the various angles from which the roofing industry can grow. How can we elicit change, and encourage others to do so? A panel of experts, John Kenney, Brian Lamar, Michael Black, Lauren Morkey, Karol Weyman, and Jason Domecq tackle this question. They discuss solutions, addressing climate change, technological evolution and cultural diversity. You won't want to miss this episode. Pour your cup of coffee and join us!
Episode 76 features Trent Cotney, Partner at Adams and Reese LLP, and John Kenney, CEO of Cotney Consulting Group, discussing Cal/OSHA's new lead standard, Florids's new law on statute of limitations, what's new at RT3, and more.
New Episode 75 features Trent Cotney, Partner at Adams and Reese LLP, and John Kenney, CEO of Cotney Consulting Group, discuss OSHA providing work visas to illegals, deep diving into the possible challenges of 2023, the IRE, and more.
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