Podcasts about Michael Spencer

I sit down with my first billionaire guest, Lord Michael Spencer, regarded as the city's most successful entrepreneur, in this pulsating episode, we discuss his childhood in Ethiopia, the cut and thrust of setting up ICAP the uber successful voice brokering firm, what are the steadfast rules he sticks to in business, we also dive into his impressive collection, why he buys art, which artists he would love to own, his world famous ICAP Charity Days, we dip into politics and much much more....recorded in front of a fabulous Francis Bacon, download, it's a masterpiece!Thank you to Lord Michael for being a wonderfully entertaining guest!Photo copyright owned by Michael SpencerProduced by Martin LumsdenMusic by Robin Katz Hosted on Acast. See acast.com/privacy for more information.

UK billionaire Michael Spencer joins Merryn this week to explain why he’s betting big on Nutshell Asset Management’s trading strategy. There isn’t much everyone agrees on in markets. But one thing you rarely hear an argument against is the importance of trading as little as possible. The higher your turnover, the higher your costs go and the worse your overall performance will be. So find good quality stocks you have faith in and hold them for the very long term—Warren Buffett or Nick Train style.Or maybe don’t. Spencer, the billionaire behind one of the world’s biggest financial brokerage fortune, says the low turnover story is old hat. There has been a change in market structure, he says, and trading costs today are “microscopic” compared with even a few years ago.See omnystudio.com/listener for privacy information.

PREACHER: MICHAEL SPENCER DATE: 2/20/25 TEXT: PSALM 8

This week on DTT features Mike's business partners Michael and Spencer. The DIF team discuss their thoughts on the current state of Hollywood releases being mostly poorly done remakes and sequels, Spencer's days working at a deli, subscription based collectables, shopping at Blockbuster, and the boys dig through an old collection of trading cards to find some hidden gems.

Retomamos hoy los comentarios al artículo del escritor y comunicador Michael Spencer "El próximo colapso evangélico". Una vez concluido el segmento donde brinda las causas que, en su opinión, amenazan provocar la caída del movimiento del cristianismo evangélico en su conjunto, inicia la siguiente sección preguntándose: ¿Qué quedará? Continúa el análisis del Dr. Álvaro Pandiani.

"Un capítulo anti-cristiano en la historia occidental está a punto de comenzar". Así se subtitula el artículo "El próximo colapso evangélico" de Michael Spencer, que el Dr. Pandiani nos está invitando a analizar. Un artículo con afirmaciones de largo alcance y mucho peso; proféticas en su forma, que no obstante se fundamentan no en revelaciones proféticas, sino en una observación atenta del curso de los acontecimientos y tendencias, en lo social y religioso, en Occidente. ¡Acompáñanos!            

Iniciamos hoy un ciclo en el que nos proponemos comentar el artículo “El próximo colapso evangélico”, del escritor y comunicador estadounidense Michael Spencer. En este ciclo nos proponemos ver en qué medida las afirmaciones y reflexiones de Spencer sobre el cristianismo evangélico estadounidense se aplican a nuestro cristianismo evangélico autóctono. ¡Acompáñanos en la conversación con el Dr. Álvaro Pandiani!

Preacher: Michael Spencer Passage: Proverbs 3 Date: August 7th, 2024

ROUND of SHOTS #91 - show date 4.14.2024Roundtable featuring Terry Brown, Dr John Huang, Dave Slone, and Michael Spencer - hosted by Kevin HaleTopics:The Mark Pope Era has officially begunCoach Pope's Main Priorities - Staff, Roster, Recruiting, NILCoach Pitino's SupportCoach Cal's LegacyHow will fans react when Cal returns to Rupp Arena?Demarcus Cousins commentsKentucky Football Spring GameFinal Shots & more!@TBrown_80 @KYHuangs @BigBlueNationD1 @bigmike201423 @kevinhale423 @CatsTalkWedhttps://linktr.ee/roundofshots#BBN #KentuckyBasketball #CollegeBasketball #MarkPope #JohnCalipari #KentuckyFootball #SportsTalk #KentuckyWildcats #FinalShots #SportsEntertainment

ContentsEditorial: When is a Bubble not a Bubble?Essays of the WeekThe great rewiring: is social media really behind an epidemic of teenage mental illness?The Day the Music LiedWeapons of Mass ProductionChina's future economyThis Message Will Self-Destruct in 33 Seconds1 in 6 People Will Be Aged 65+ by 2050Venture Investing This WeekGlobal Venture Funding In Q1 2024 Shows Startup Investors Remain CautiousFirst Cut - State of Private Markets: Q4 2023The Investments Where I'm Going to Lose All My MoneyQuant VC and What it Means for Startup InvestingVideo of the WeekNew Apple Vision Pro PersonasAI of the WeekMeet the YC Winter 2024 BatchThe 18 most interesting startups from YC's Demo Day show we're in an AI bubbleYCombinator's AI boom is still going strong (W24)Bubble TroubleBig Tech companies form new consortium to allay fears of AI job takeoversNews Of the WeekApple Vision Pro's Persona feature gets collaborativeJon Stewart Plunges the Knife into AppleStartup of the WeekRubrik's IPO filing hints at thawing public markets for tech companiesX of the WeekMike Maples on Y CombinatorEditorialI've taken to writing this on Friday morning. I put the curated content together Thursday evening, which gives me overnight to reflect. Usually, the title comes first and is somehow correlated to the content below.This week, there is a lot about AI. The Y Combinator story in AI of the week is the story that the “bubble” will be challenged due to a lack of training data. In contrast, the story is that AI will remove so many jobs that the larger companies have formed a consortium to allay fears.I also created a new section separating out Venture Capital. This is the week of quarterly updates from Q1. They suggest there is no bubble at all. Only Amazon's multi-billion dollar investment in Anthropic stands out.But for me, the question posed in the title is - When is a Bubble not a Bubble? - is not triggered by the AI stories. The Economist's Simon Cox writes about China and its future in a newsletter and the linked article. He frames it well:In 2006, for example, China's leaders declared the need to “rely more than ever on scientific and technological progress and innovation to drive a qualitative leap in productivity”. Science and technology, they added, are “the concentrated embodiment…of advanced productive forces”. That ambition, and indeed that diction, sound very similar to the slogans emanating from Beijing today. Xi Jinping, China's leader, has, for example, urged provincial governments to cultivate “new productive forces”, based on science and technology. In this week's issue I explore what those words might mean.As Simon points out, “productive forces” is a formulation derived from Hegel and Marx. It combines technology and human beings into a duality that expresses how we produce things. Indeed, there is no pure “technology” separate from human beings and the division of labor. Productivity is the expression of both and the measurable thing.In the Western enlightenment tradition, we use the word progress to mean the same thing.All progress requires humans to invent time-saving methods to reduce the effort involved in making and doing things.China's discussion (especially if you remove the word China) is about building the future through innovation. It stands in contrast to the dominant discussions here in the US - Regulation, the dangers of Social Media, Immigration, Women's Right to Choose, Guns, and even Climate. And a lot of pessimism around technology and science.That is except for in the startup ecosystem. The dominant Silicon Valley belief system is similar to Simon Cox's description of China's goals.Accelerated Innovation dominates the set of assumptions in the Bay Area. Why? Because AI, Nuclear Fusion, Decentralized Networks, Global Ambition, and the skills and money they require all live here. And their potential is real. And the timing of the potential is near-term (several years).Strangely, the US Government seems to consider innovation, especially “Big Tech,” a problem. China and Silicon Valley seem to consider it a solution. And by “Silicon Valley,” I do not only mean geographically but also as a way of thinking.That bifurcation of optimism and pessimism, enshrined in a Government that wants to restrict tech company power, has led many in the Valley to abandon traditional two-party politics and increasingly articulate agendas that are both optimistic and independent of Government. Government is perceived as a cost of doing business, not a benefit.So, the innovation that comes out of Silicon Valley and the money it attracts are often scorned by those who are not part of it. The word “Bubble” is heavily laden and used to imply that there is nothing valid, real, or transformational. The money is simply irrational.“Bubble” is a pessimists word for “fake”.It goes alongside other narratives that cast doubt on innovation. In some ways, Tomasz Tunguz's piece on the shrinking attention span implies a problem caused by the abundance of content and limited time to read it. Although one might consider the ability to parse information and determine whether it is attention-worthy and do it quickly would be a good thing.The idea that teens commit suicide and get depressed due to alienating social media comes to mind as another anti-technology narrative. The first ‘Essay of the Week' from Nature magazine presents a strong case that this is bogus.Rex Woodbury's “Weapons of Mass Production” and Michael Spencer and Chris Dalla Riva's “AI and the Future of Music Production and Creation” (The Day the Music Lied) point to the explosion of production and creative production that AI will trigger.Rex:Spotify reinvented music distribution. It put 100 million songs in your pocket. Generative AI will reinvent music production. There are a number of early-stage startups that let you toggle artist, genre, and ~vibe~ to create a wholly new work—e.g., “Create a Miley Cyrus breakup song with a sad, wistful feeling to it.” Of course, these companies will need to navigate the labyrinth of music rights, but some version of these tools feels inevitable.This example embodies a broader shift we're seeing from distribution ➡️ production.Michael Spencer and Chris Dalla Riva:In summary, the music industry will likely come to embrace much of this technology as long as AI firms properly license the music catalogs necessary to train their models. This still begs one final question: Is any of this good for music?It's important to unpack words like Bubble. They live in a context. As Simon Cox discusses, the future depends on progress, innovation, or “productive forces.” So, this “Bubble” is not a bubble. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.thatwastheweek.com/subscribe

In May 2021, we turned our attention to an investor dilemma – Should we view wine as a proper asset class? And how should we think about the wine industry, unmodernised for so long, but ripe for change! A disrupter emerged in 1997, in the shape of Bordeaux Index, set up by Michael Spencer and Gary Boom. In this conversation we learn about the shifting sands of supply and demand. We discuss global climate impact and some of its advantages for the wine industry. We discuss wealth creation and the continued thirst for luxury wines, champagnes and whiskies. Gary also explains where new and exciting wines are emerging, why he's re-assessed the emerging English opportunity set, and how they're embracing digital transformation via their new LiveTrade platform (which was rebranded & expanded this year). Gary discusses the impact of their technology in helping bring liquidity and transparency to wine trading - reflecting on his previous life at ICAP - and why increasing numbers of investors are building portfolios in the wine & spirits world. We then assess the key question; where might there be money to be made in this fast-evolving market? And aside from the investment implications, who doesn't like to sample lovely wine?! No one wants to finish their lives observing wistfully, as Ernest Hemingway once did, that “my only regret in life is that I didn't drink more wine!” NOTE - This episode was recorded in late 2023, prior to the re-launch of their LiveTrade product in early 2024. The Money Maze Podcast is kindly sponsored by Schroders, Bremont Watches and IFM Investors. Sign up to our Newsletter | Follow us on LinkedIn | Watch on YouTube

We have sixteen generative AI news stories again for you this week on the Generative AI News Rundown (GAIN). Watch the video discussion above or click the links below to read the news. ChatGPT went to college this week as Arizona State University announced a partnership with OpenAI, while Washington State adopts new generative AI guidelines encouraging public school systems to “embrace AI.” Those two stories reflect a very different attitude from what the rise of generative AI faced in education circles in early 2023. Beyond that, we have a spotlight on Google relating to a new study showing a decline in search results quality and a thesis from Michael Spencer at AI Supremacy about the company's last moonshot attempt. Plus, the U.S. FTC is conducting an inquiry into generative AI competition, we have some new funding announcements, and a few product updates. Enjoy! Generative AI News Top Stories of the Week

Dr Michael Spencer (pictured) from Monash University and colleagues from the University of Melbourne, Dr Franz Wohlgezogen and Associate Professor, Janet Stanley, will conduct a workshop in Shepparton on Thursday, February 22. The four-hour workshop originally targeted 30 people, but Dr Spencer said that had blown out to 40, demonstrating a wide interest in the idea of adaptation to climate change. Following a similar event at Euroa in 2022, the workshop is part of an international research program supported by the Goulburn Broken Catchment Authority. The workshop invite said "The research team are interested in how adaptation decision-making can be improved. For example, interactions between different levels of government and the community. How to bring all relevant parts of the community into decision-making on adaptation (including older people). If adaptation requires transformational change, are communities prepared and how does that happen." --- Send in a voice message: https://podcasters.spotify.com/pod/show/robert-mclean/message

As the tire industry kicks off the 2024 year, Michael Spencer, co-owner of Atlanta, Ga.-based TireSouth Inc., shares his goals and predictions for the coming year. Spencer talks inventory, employment and more in this can't-miss episode of the Modern Tire Dealer Show. 

In der Rubrik “Investments & Exits” begrüßen wir heute Daniel Reese, Investment Manager bei UVC Partners. Daniel bespricht die Finanzierungsrunde von Rivus und Sunsave.Die britische Solar-Abonnementdienstleistung Sunsave hat in einer Seed-Runde 6,3 Millionen Euro gesammelt, angeführt von Norrsken VC und unterstützt von bestehenden Investoren wie IPGL, Plug and Play sowie bekannten Persönlichkeiten wie Stuart Rose und Michael Spencer. Das frische Kapital wird sowohl für die Entwicklung des Solarabonnementmodells als auch für das Wachstum des Teams verwendet. Sunsave, gegründet von Alick Dru und Ben Graves, zielt darauf ab, Solarenergie für alle britischen Haushalte zugänglich zu machen, und hat bereits eine FCA-Genehmigung erhalten, um Solarpaneele und Batterien auf Abonnementbasis anzubieten.Das österreichische Unternehmen xista science ventures investiert gemeinsam mit NAVCAP AB und EIT InnoEnergy insgesamt 525.000 Euro in das schwedische Batterie-Startup Rivus Batteries. Rivus konzentriert sich auf die Entwicklung einer metallfreien Batterietechnologie mit dem Ziel, die Kosten und die Umweltauswirkungen von Energiespeichern im Netzmaßstab zu halbieren. Das frische Kapital wird dazu verwendet, die Elektrolytproduktion zu erweitern und die ersten Pilotbatterien vollständig bei Kunden zu installieren. Langfristig plant Rivus, große Batterien in Solar- und Windparks zu platzieren und somit einen Beitrag zur Energiewende in Europa zu leisten. Die Markteinführung des ersten Produkts wird voraussichtlich in der zweiten Jahreshälfte 2024 erfolgen, mit einer breiteren Markteinführung im Jahr 2025.

On the show this week businessman and philanthropist, Lord Michael Spencer joins Michael & David to discuss the state of business in the UK and how and what the government can do to improve the business landscape. Also, when will the next general election get called? Find out why it won't be the spring!

Word Made Flesh: Resurrection and ReturnPastor Kent Landhuis THEME - Jesus' flesh and blood resurrection and return give us hope.TEXT - John 1:1,14; Acts 1:3-11OUTLINE - How important is flesh and blood?1. Celebrate flesh and blood Jesus. John 1:1,14 Incarnation: the in-fleshing of Jesus.Hebrews 2:17; 4:152. Touch flesh and blood Jesus.  - Luke 24:36-42 - John 20:24-29 - 1 Corinthians 15:1-83. Embrace flesh and blood Jesus. - Acts 1:3-11 - John 14:1-6 - 1 Corinthians 15:20-264. Eat Flesh and blood Jesus. - John 6:53-56 - Matthew 26:26-29 - 1 Corinthians 11:23-34NEXT STEPS: 1. Ask Jesus to come near.2. Put your hope in Jesus.HOW IMPORTANT IS FLESH AND BLOOD?Famous reflections on the incarnation:"Man's maker was made man that He, Ruler of the stars, might nurse at His mother's breast; that the Bread might hunger, the Fountain thirst, the Light sleep, the Way be tired on its journey; that Truth might be accused of false witnesses, the Teacher be beaten with whips, the Foundation be suspended on wood; that Strength might grow weak; that the Healer might be wounded; that Life might die." - St. Augustine"Without the incarnation, Christianity isn't even a very good story, and most sadly, it means nothing." - Michael Spencer"I've become convinced that what makes the difference for Christianity is the incarnation. No other faith says God became flesh. Christmas and the incarnation mean that God went to infinite lengths to make himself one whom we can know personally." - Tim Keller"The incarnation is a kind of vast joke whereby the Creator of the ends of the earth comes among us in diapers". - Frederick Buechner"God is not ashamed of the lowliness of human beings. God marches right in. He chooses people as his instruments and performs his wonders where one would least expect them. God is near to lowliness; he loves the lost, the neglected, the unseemly, the excluded, the weak, and the broken." - Dietrich Bonhoeffer"The central miracle asserted by Christians is the Incarnation. They say that God became Man. Every other miracle prepares for this, or exhibits this, or results from this." - C.S. Lewis

Mohamed El-Erian, Bloomberg Opinion Columnist, guests hosts the show and says the 'enormous volatility' in the bond market needs to be corrected in order to restore the Fed's credibility. Stephanie Kelton, Stony Brook University Professor of Public Policy & Economics, says the Fed has effectively put fiscal policy on autopilot. Steve Chiavarone, Federated Hermes Head of Multi-Asset Solutions, describes the Fed's policy trajectory as headed for a "rocky landing." Stephen Schork, The Schork Group Principal, says traders have become skeptical about supply levels of oil and jet fuel heading into a major travel season. Jeannette Lowe, Strategas Managing Director of Policy Research, says the meeting between President Biden and Xi Jinping won't change the dynamic between the two countries in a major way. Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance  Full transcript:  This is the Bloomberg Surveillance Podcast. I'm Tom Keene, along with Jonathan Farrell and Lisa Abramowitz. Join us each day for insight from the best an economics, geopolitics, finance and investment. Subscribe to Bloomberg Surveillance on demand on Apple, Spotify and anywhere you get your podcasts, and always on Bloomberg dot Com, the Bloomberg Terminal, and the Bloomberg Business App. Why don't we move on to what doctor Olrium cares Mohammed, We've got to sit on crude, the idea that crude has essentially collapsed into a bear market, down more than twenty percent from the September highs. We spent this week talking about soft lending, hopes and dreams. Do we have to start thinking about an economic downturn in the not too distant future, well some of them. Some people are talking about this. I mean to see oil prices down more than twenty percent from the highs at the time that there's a conflict going on in the Middle East. It's quite quite and that's feeding into the soft landing. And we're going to talk a lot about this. But the market has now fully embraced not just that the fat has finished this hiking cycle, which I think is correct, but that we're going to see deeper and deeper cuts next year without a recession, and that's the critical assumption that's now built in across markets. I want to get the money question out of the way right away. As CEO of a major two million employee company in America called Walmart, yesterday brought up a d word deflation seared into the fabric of Cambridge, Oxford in the London School of Economics as a study a British deflation of the thirties and forties. America has never faced that have they They haven't, and we've had Japan recently. And the problem with deflation is it discourages people from buying today. However, I want to stress the US is deflation in certain products, food being the primary example, and that's why Walmart we decited it. We don't have general deflation, and I doubt we're going to have general deflation. I mean, I look at the an inflation question and it is a vector of disinflation in place. Clearly we see that. What is your optimism of getting back to John Williams two point zero percent? Richard claired is two point x percent. I think Richard is more likely to be right than John. I think we're going to get stuck in the high twos, and the FED is going to have to make a very difficult decision. Does it live with inflation higher than target because the target itself is too low, or alternatively, does it acknowledge that two percent is the right target and then crushes the economy. I think that's the choice the FED is going to have to make. What's your best guess right now? I think it's going to go for the format. I think the FED will understand that pressing two percent inflation in a world where there's insufficient structural supply is not the right thing to do. So where do you think it leaves this bond market? Let's go through this course right now. We've got a two year at the moment at about four eighty, a ten year at about four forty. Think about where we've been in the last month of Summerhammet had a two year pushing five twenty five high set of cycle, ten year through five percent high set of cycle. How are you thinking about what we come back down to, bearing in mind what we're pricing for right cuts next year. I think we've come down too far to tell your truth. I understand why some people think that we're going further, but if you look at the inflation dynamics, that's harder to get unless we go into recession. If we go into a recession, then the stock market is mispriced, so you can't have both at the same time. Has something changed? I think this is what it goes back to. Has something changed post pandemic? That means we don't go back to the pre pandemic world. That debate, I think is still on going. Mohammed, where'd you come down on it? I think the pre pandemic world was exceptional. It was a world of qui. It was a world of insufficient aggregate demand. And when you have insufficient aggregate demand, you can push into the economy as much liquidity as you want because you won't get inflation. That world is gone. We're in a world now of efficient, inflexible supply, and that's a very different world. Sometimes talk about over the two hours with doctor Olian is growth economics. I've been telling a lot of people to remind themselves of a guy named Solo at MIT in nineteen fifty six and the near religious experience of trusting and growth. Can you state that we have a new American growth economics of what some people are indicating is improved productivity, improved efficiency. So you know, I listened carefully to our friend Mike Spence, the Nobel Prize winner, because he spent so much of his career studying studying with John Hicks, I mean correct majesty of that alone, and he is incredible and his insights are really valuable. And his bottom line is that most countries have to evolve to a new growth model. The US is the most advanced in that evolution. I think the three important piece of legislation that the administration passed last year were critical in that perspective. So if you look around the world, whether it is the US, Europe, or China, all three have the challenge of evolving the growth model, and only the US is doing it seriosly right now, too gloomy? We no, Lisa isn't here, so we're not too blooming. No. I think we recognize that the world is evolving. This is a different global economy, this is a different domestic economy, and policies have to evolve accordingly. What worries me and I think the concern of a lot of people listening to this conversation on going at home is you just have to go about forty eight hours and we're talking about disinflation, soft landing, hopes and dreams, and then twenty four hours, forty eight hours later, you look to Burberry a collapse in luxury. You look to Walmart a warning about the US consumer. You look to Crew entering a bear market, and all of a sudden, we're talking about a slowdown and maybe even recession. Mohammed. The bond market is stuck between all of this. We're seeing double digit moves day after day in either direction. You've written about this extensively in the last few months, about a bond market that's lost its anchors. Is an economic slowdown sufficient to regain some stability in fixed incoming treasury specifically? No, I mean I was really struck yesterday. I was watching you when you said, guess what, we had the same level of the tenure as we were a week ago, and my reaction is, how could that be? So I looked it up and you were right. Now. Most people feel that this week is very different from last week because of the inflation print that we've had. We still lack one of the three anchors. You either need an economic anchor, or a policy anchor, or a technical anchor to the bond market, and we've lost all three. So these moves are going to continue. The thing that has really impressed me is that nothing has broken. If you had told me a year ago we're going to see this incredible volatility and the most important market in the world is the benchmark for so much else, and yet nothing will break, I would have said that's impossible. So the resilience of the functioning of the market has really impressed me. The financial system, and of course we had the shock and the United Kingdom off a derivative structure in the pension plans, but to lead to this and measured in standard deviations, which is how fancy people like Alarian think. We had a six seven eighth standard deviation and thereat moderation. There's a hope in prayer we get back to that trend line that's in years. How many years are do you think we heal this great bond tobacco. I think it's going to take time. Remember we've had ten exceptional years where the bond market was distorted, so I must say back to vulgar We've had, you know, thirty exceptional years. But the shift to an artificially low interest rate and ample and predictable injections of liquidity fundamentally changed the bond market and that is going to take time to recover from. Did you and Bill Gross get a free ride because you were within the Great Moderation? Was that such a structural like a free life? But the PIMCO when you build it, you invented it with Bill? Was it? Was it easier because you had the Great Moderation? Or just just think of investor. Investors care about three things, returns, volatility, and correlations. And we went through a period that because liquidity was being injected into the economy over and over again, we got high returns, we got virtually no volatility, and the correlations broke down. But in your favor, you made money on your risky assets and you made money on your risk free acids. At the same time, there was a great time. We took it to be normal, but it was truly exceptional. And we're going back to a world that I think is more like what we had before the Global financial crisis. It's going to be so hard to shake this, Mohammed, because we've got a whole generation, in fact, a couple of generations conditioned by two major shocks, the financial crisis and the pandemic. And we know how the FED response to major shocks. What we've all forgotten is how it responds to just normal economic downturns and upside pressure on inflation. How do we start to get into that all over again? Yeah, And this is where FED credibility and better communication is better. John, It's really striking that the market is willing to take on the FED on a price that the FED controls. The FED totally controls the policy rate, and yet the market does not believe what the FED is is telling us. And it is really striking because we have got to restore FED credibility otherwise we're going to continue with this enormous volatility. Your thoughts on what's percolating into the end of the year in the Q one twenty twenty four. Are there shadows in private equity? Are there shadows in the new non traditional finance? Yeah? So, one thing that I don't think is pricing enough is that when you move from the banking system to the non banks, you change the lags in the system. So you see this with commercial real estate. Everybody recognizes that the re financing of a trillion plus of assets is going to be tricky, but because it's over time, we don't worry about it. Everybody recognizes it as a maturity wall in the corporates out there, but because it's over time, we don't worry about it. If it were all within the banking system, we would have worried about it really quickly. So the move from the banks to the non banks has extended this Michael Spencer's shore. The regulatory lag here is tangible. This is the uncomfortable calm note as well, just to borrow that phrase from a long time ago from the Bank of International Settlements, This maturity wall is out there in twenty twenty five, and it's just this feeling mohammed that we don't have to think about it. But at some point we have to start thinking about it, don't we, right? But you know what, you enjoyed the journey before you get to a destination. Oh, here we go, and you want to give us some good news bad news, bradmos out here, No, no, I totally understand, you know, because momentum is really important, and you want to be exposed to this market. And I think most people have much more of a tactical mindset than they do of a strategic or structural mindset, and investment has become very tactical. Mohammed's set in the Town's great to have you with us, by the way, it is without questions, through the pandemic and literally over the last five years she has had a greater influence on the debate of our American economics and anyone out there. Out of Sacramento, Cambridge and a tour of duty at the very liberal New School of Social Research, Stephanie Kelton joins us now from Stonybrook University. The book is a deficit myth. In the three letters, are MMT professor honored to have you on Bloomberg's surveillance? Are we unraveled? Stephanie? The worry here of the annual interest expense the return of a real interest rate? Are we unraveling as we roll into twenty twenty four? No, I mean we are. The Fed is effectively in a sense, putting fiscal policy, a big part of the federal government's budget on autopilot. And it's really tantamount to running, you know, a pretty regressive fiscal stimulus. That's what the rate hikes are actually doing. If we don't like it, Tom, there's a pretty easy way out of it, which is to say, if the rate high are pushing up the amount of money the federal government is spending to service the debt, interest expenditure up by hundreds of billions and trillions of dollars over time, remittances from the Fed to the treasury have collapsed. All of this is adding to the deficit, which triggers more issuance of treasuries, which puts you in what is essentially just a cycle now of higher rates, higher deficits, higher debt, and it will continue for as long as the Federal Reserve holds in this position with a deficit. The debt and the deficit is from the new school Heilbrunner and Bernstein classically talked about years ago. But the arch MMT criticism is, you're handing monetary decision making from the acuity and date driven data dependency of a FED over to the legislative branch. Can we trust the legislative branch to prosecute MMT given where we are right now? Well, okay, I'm glad you mentioned hal Brunner. He was a professor of mine when I was there in a really terrifically bright person Tom. MMT is a description of the monetary system that we have today. It is a floating exchange rate fiat currency. Love it or hate it, it's what we have. MMT describes the monetary system that we have and the mechanics of government finance. It's not a policy proposal. It doesn't propose changing anything. It's describing how things already work. So think about what Congress did with the onset of the pandemic, drafting first the Cares Act that two point two trillion and then the big Omnibus Bill, a nine hundred billion dollar package, and then the Democrats came in and did their one point nine trillion dollar American Rescue Plan Act. All of that was deficit spending. We didn't give Congress any new permission to do anything. We just described how it all works. And it helps to unders stand why Congress was able to muster that kind of fiscal firepower when so many economists had previously said that when the next crisis came, we would be unable to act. People like Larry Summers said because of the Republican tax cuts in twenty seventeen, that we would be living on a shoe string for decades to come. Those were his words. That we wouldn't have the ability to spend money because of the deficits, because of the debt. That was wrong. Congress has the power of the purse. MMT recognizes that, and MMT says, listen, this is an extraordinary power they have. They need to use it responsibly, and that means thinking before you move forward with bold spending programs about the inflation risk that's associated with those spending proposals. And that's the piece that was missing. The one thing you didn't mention in you know, my tour of going through my education and so forth, was the time I spent in the US Senate as the chief economist for the Demomocrats. And I'll just say very quickly and i'll stop that. When I was in the Senate, my great frustration was being surrounded by members of the Senate on both the Republican and the Democratic side, who were drafting bills trillion dollars of infrastructure, talking about medicare for all and all these other things without ever mentioning inflation risk, I couldn't believe it. So MMT would have us do things very differently when it comes to the way we approach the federal budgeting process. It's inflation that you have to watch for, Stephanie, it's Mike McKee. If wishes were horses, then beggars would ride. The idea that Congress is going to think about anything before these start passing bills is probably not going to happen. So I'm wondering, after all this is there a limit in the sense that at some point we aren't going to be able to respond fiscally, for one reason or another, to some sort of crisis because all the money is going into debt payment instead of instead of going into additional spending, and the way we're set up now, we got to pay those bills. Okay, So two things I'll say. One, I've been hearing this my entire life. You'll remember that Chairman Volker had into straights up pretty high. And meanwhile, you know Ronald Reagan did two massive tax cuts and massively built up the military. So again, if Congress has the will to pass legislation, the votes are there, the money is there, and I'll just say I don't think it's right to say, actually that we can't trust Congress to rein it in. Remember, the so called Inflation Reduction Act was Congress's effort to say, listen, we don't want to continue passing legislation given the inflationary environment. So we want to get revenues up, we want to control costs. We're going to negotiate prescription drug prices. That was all Congress taking, you know, careful steps. I think are you would you suggest, Stephanie, whether it's a Republican or Democratic, to houses that we can have budget responsibility. Do you see displayed budget responsibility in the modern Congress and Senate? Well, Tom, what I'm saying is that if we were doing things the way I'd like to see them done, instead of handing proposed spending bills to let's say, the Congressional Budget Office and saying, give me feedback on this legislation I have drafted. Tell me if it's going to increase the deficit, tell me whether it adds to the debt. I don't think that is the most important feedback. I think it would be much better to have CBO and or other agencies evaluate proposed legislation on the basis of inflation risk. But we don't do it that way, right, So I think that that would put us much closer to having a Congress that operates with fiscal responsibility, i e. Inflation risk at the heart of what it is. Okay, can you and say a critic of yours, John Cochrane, the great conservative economists, Can you and John Cochrane get on the same page and say we need a Simpson Bulls reducts where in the initiation of that panel we actually demand that we get something done. No? Uh, sorry, sorry, but no is the answer to the question. You would have to first convince me that there is some sort of looming crisis that necessitates the formulation of a fiscal commission. And I don't believe that we are facing that kind of crisis. Inflation is coming down. So if you approach things the way I do, which is to say, you know, are we at risk? Is the budget posing and inflation problem, then let's get at it and let's figure out what adjustments need to be made to ensure that we aren't putting ourselves at risk of trenched inflation well above the Fed's target. I don't think that's the future facing fascinating and controversial Professor Calton. Thank you so much, Stephanie Calton. I can't say enough about how refreshing to any and all her book. The deficit myth is she is at Stonybrook and you know her from the phrase MMT right now with us and Mohammedalarian with us is a great thrill today. He is at Queen's College in Cambridge and he's interested in the asset allocation of their endowment. That's the campus that Steve chiveron had a multi Asset Solutions that federated him as Steve. This is a lonely bull market. How do you reallocate into the end of the year. Well, you had to get ahead of it a little bit. We were adding over the course of the summer when it was uncomfortable on the idea that markets like FED pauses and they price in soft landings even if a soft landing doesn't materialize, because when the FED pauses, invariably it's on suspicion they've gone too far, not on confirmation. And so the data that's available to you is a FED that's no longer hiking and an unemployment rate that's still low, and that's been the case throughout history and it's the case today. And so finally, with the bond market having broken, we're getting that FED pause rally and that can be powerful, Tom. You know, historically those are nine month events, and you can see the equity market up fifteen twenty percent. And interestingly enough, and this is something that's been on our mind, the equity market has hit an all time high each of the last five times that the FED has paused. Now four of those ended in tiers, but it still happened either way, and we think this rally has legs. I think the jury on whether or not, you know, how soft this landing is next year, is still very much out or for the time being, we think this rally continues. Steve, what are you looking at to determine this whole macro question of has the FED not just paused, but it's going to stop cutting and kind to do so within a soft What are the key variables you look at. We're calling them the five Games of Chicken, and it's that corporate refinancing wall. You're going to have about sixty percent of corporate debt come due between twenty four and twenty eight, So what percentage of that is going to face materially higher rates, and what does that do to company earnings? That's number one. Number two for small businesses, they've already seen their debt repriced because it's variable rate bank debt. So how many quarters of high rates can they survive? On the consumer negative or I'm sorry, real income growth is finally turned positive, But how positive does it get? And does it allow a consumer to de lever again, rebuild savings and continue to spend eight hundred and seventy seven billion dollars of bank deposit outflow? What does that do to restrict lending? And then what percentage of the federal debt, a third of which becomes due this year reprices to a significantly higher rate. Those five things we think, if they were to all go perfectly, you'd get this immaculate soft landing. I think that's unlike we think what's more likely is a kind of rocky landing where inflation stays stuck at three rates, stay hi, there's some slow down, and it's a kind of malaise. It's a single digit equity environment with a real risk that something breaks and you get into a classic recession. So it's really between that rocky landing and then a kind of a classic recession break that we think is most likely to happen. We're in the rocky landing camp at least for now. And what do you say to those who say, of your five factors, it's one in five. It's all about supply. It's all about who's going to buy all the supply. I think that's big. But where I would focus more acutely is on the nexus between banks and small businesses. The banks. Again, if there's eight hundred and seventy billion dollars less of deposits, that's eight hundred and seventy seven billion less of loans that can be made. And small businesses are reliant on that, and they're not facing a maturity wall. They've already seen it, and so if something's going to break, we would look there. So we're spending a lot of time focused there. It also has a bias towards larger cap companies within our asset allocation. Steve, let's get to the quote that shook up this market in the last twenty four hours. TK talked about it at the start of the program. It came from the Walmart CEO. We may be managing through a period of deflation in the months to come. Steve, when you heard those words yesterday, what was your response. I think the word deflation is probably a little strong, But I do think that there could be a lot more disinflation than what we've what we're expecting. If you look at the areas of the economy where you've seen disinflation so far, it's goods prices, it's food prices, its energy prices, It's a lot of stuff that quite frankly, can be explained by COVID normalization. Big interest rate sensitive purchases have not really seen the big deflation that you'd expect r. I mean, home prices are still relatively buoyant. Go and try to buy a car. It's not exactly a value exercise these days. And so I think as the rate heights filter through the economy, there is more disinflation in the pipeline, and I think you could see a at some point in twenty four go very quickly from worrying primarily about inflation to worrying very much about growth and the employment markets. And that could switch on a dime. And it's something that keeps us in a kind of humble position. Well states is the same true for investors just to jump in. You mentioned that as a federal reserve can make that switch. I just wonder how quickly investor start to make that switch, and whether we can get some divergence between what's happening with bonds and what's happening with stocks. I think what you do is you pull up some charts and you look at them. Historically, you know, unemployment takes stares down and elevators up. The equity market takes stairs up and elevators down. Particularly if you are headed towards a recession. You don't gradually shift your view in the late part of a cycle. It happens very, very swiftly, and that's why as an investor you have to prepare for that. You start to lengthen duration, you start to upgrade the quality of your equities. We like companies right now that have strong balance sheets, strong cash flow generation, low external financing, and you move in that direction so that if it does move on a dime, which historically it does, you know you're you're not left out in the coal stave. What if I get you thoughts, it's going to catch up. Have a good weekend, my stave Chevron the Federated terms, Stephen Schory, So principle of the short group saves us. Now, oil disinflation, Stephen, how does New York Harbor adjust to oil deflation? All the little idy busy things jet fuel, diesel, distillate, how do they adjust as collapse in oil. Yeah, it's a really interesting question, Tom. We're trying to figure it out as we speak right now. When you look at the spread action between gasoline on the flub with curb and inventories, seemingly there is enough oil power, enough gasoline in your harbor. The neok Carver just want to point out is important because that is the delivery hub for the mercantiles, diesel and gasoline contracts. Now, when we look at overall supplies relative to demand, we're looking at about twenty four days worth of supply of gasoline. Now. That is normal, That is spot on to the five year average, and it's slightly above a year ago. The problem now is that traders are skeptical. They are pricing in a premium on the front end of the curve, which is a clear signal that someone out there is concerned about these supplies, regardless of the fact that we do have all of this space worth to supply? The other big issue here is jet fuel. Right now, we don't have enough jet fuel stocks are extremely low and as we look forward to next week, we expect this or I should say Triple A expects us to be one of the busiest travel seasons for Thanksgiving of the past twenty odd years. So when we look at the rising demand, when we look at the spread action, something here is afoot. It doesn't line up that the spreads are saying one thing, ie, there's not enough supply, regardless of what we're actually seeing in a weekly inventory reports from the EIA. So Stephen, the SANDI is a frustrated with the price section, as you can imagine. I just wonder if they're frustrated enough to change policy again, do you think they are? It's really interesting and it is really conundrum that, to be honest, I am perplexed that the market never really priced in any sort of risk premium with regard to what is happening now in the Middle East. And let's be clear on this. This is a war not between Israel and Hamas, but it is effectively a war between Israel and Iran. Given that we're fighting that is to say, Israel's fighting Amas has Blah and the Huti's all backed by Iran. Now that is a pretty scary proposition with Iran's ability to halt the flow of oil coming out of the Persian go free straight her moves. So yes, there clearly is a head scratcher here that we have this huge risk on supply, but the market refuses the price that in regardless, we're focusing now on the demand picture. And yes, if you're Sali Radio, if hey, if you're a Texas and you are trying to produce and you're looking at this price action, yeah you are frustrated at this point. But I want to say here, based on our modeling, we're likely at the bottom of the market right now, given this situation around the globe and the inbalance now between supply and demand. So, Stephen, do you think that the Saudis will weight this out or do you think the Saudis will be on the phone to the Russians and any other ORPAC plus member that's willing to participate in another cut in production. Yeah, I do think that there is a concern that we'll see further cuts Already the Saudis, Russia, have extended their cuts of volunteer cuts to the end of the year. We've seen now in oil prices, unlike the product prices, we've seen an absolute collapse in the front end of the curve. So we've now actually on the noomics. We've moved into a situation called contango, meaning that prices for nearer term delivery are now below that of prices for longer term delivery. So this is a clear takeaway that right now from an oil standpoint, fundamentals are extremely weak, and I would suspect that we'll see the chances are going into the quarter OPEC plus either extending the cuts or increasing those cuts into the new year. Steven Shark over the arc of Bloomberg surveillance twenty years. One of the great shocks has been America's success with hydrocarbons into the new year. Are we energy independent? No, not at this point. Now. I want to point out that we were energy independent a few years ago. In keeping in mind, energy independence does not mean we do not have to import a BTU from anywhere around the world. We wore a fluid trader in the world. We wore the dominant krudeoil producer in the world, and we wore the swing producer. That is so for all intents and purposes, we wore an energy independent when it comes to hydrocarbons, and that is just a shout out to how well how efficient the industry has grown over the past fifteen to twenty years. But given current policy right now, no, we're not energy independent and going into the new year, big risk is that we are playing a zero sum game. That is to say that we are taking off dispatchable BTUs natural gas, nukes, coal faster than we can replace them renewables. That's not opinion, that is fact. The regulators are telling the government this is so, and yet the government is still going ahead enforcing these retirements where we don't have enough power. So everyone out there get used to this and get ready. There's going to be a huge jump in volatility over the next two years, a huge jump in pricing for electricity and for other alternative BTUs because we're quite not ready for the transition that the government is forced in upon the industry. Stephen with a big one is Stephen Schork at the Short Group. A lot of happy talk this week. Jeanette low Strtigas wrang in on this meeting between Biden and Jain, saying this the meeting does not change the trajectory of US Chinese relations. Tom the US will continue to push for de risking or decoupling with China in order to protect this national security interest, and China will continue to push to develop a multi polar world against US interest. Janet Low there join us now from strtigis MS Lord, Jeannette. I look at where we are, and of course the major question is what's the next step. What is the next step. Should we look for President Biden to visit China. Yeah, that's probably, to somewhat extent unlikely. I think maybe if we look back at last year, we had a meeting between Biden and She in November of twenty twenty two, and you know, not much occurred out of that. After that, a couple months later, we had that spy balloon flying over Montana, which then ruptured relations again. So I don't necessarily think that there's going to be a lot more steps moving forward. It was also very interesting to have the Defense Secretary at the exact same time in the Philippines talking about continued coordination while this APEC and the Biden She summit was happening in San Francisco. So I think this is going to be about trying to lower the temperature, trying to make sure we have continued communications. As you guys have mentioned, having she he wanted to he's having some domestic issues. This is also a good opportunity for him to kind of have a reset. But ultimately, I think that the two sides are going to continue on their trajectories and this is not going to change the overall path. What it is going to do is just make things a little bit easier in the short term. We have an election coming up in the US. We don't want to continue tensions with the China. But at the same time, if Biden was to be too conciliatory towards China, we have a whole lot of hawks in Congress who would then pounce him on that. So Janetta, I very much agree with your analysis. Can you take it one step further? How easy is it to de risk without decoupling? Right? And I think that this is part of the issue too. I mean, you have the US has been trying to make strides to de risk from China, but it's going to take quite a bit of time. Obviously, We're quite reliant on China for supply chains, for critical minerals, for a whole host of things, and so it's going to be very difficult to actually move those pieces away. And so I think that trend is in place and you're going to see it continue over the next couple of years. But that also means that to some extent, you almost need a daytunt at the highest level so that you can build these pieces out from the bottom and ultimately get to that de risking. I don't think decoupling is probably where the ultimate goal is, but it is really about trying to protect US national security interests and making sure there is reduced dependency on China. And I do think that you are seeing that you regardless of the fact that you have to make choices between how you align with US and China, there is an effort or there is a realization across the globe that having too much dependency on China is not a good thing either. And from Chrona's perspective, de risking involves building little pipes around the US at the core of the system. How far can they go into building basically an alternative global system. So this is obviously something that they have been working on, and they would like to continue to accelerate that. I think the one thing that is important is I think the fact that the US is not doing this alone is important that they will actually be more successful and actually trying to at least move supply chains. China is still going to be involved, China is still going to try to work with their partners in Asia to get around some of those pieces. But the other thing is that is if you look at China trying to build this multipolar world, they have been doing that over the course of a couple of years. They're trying to obviously move away from the US dollar, They're trying to get other countries to do the same. But if you are looking at China also being in a place of having economic weakness, that also is not necessarily conducive to them actually being the leader of that movement. So there's a lot of things that have to be worked out on both sides to actually reach their ultimately ultimate goal. And I think that's why we're going to kind of see a I don't want us to use the term muddle through, but kind of a muddle through scenario where they continue down their path but there is obviously some need to be conciliatory in the interim quickly, here Jin ed and I've been guilty of this all week. I have failed and taken my eye off Ukraine, Ukraine in this cold December. What will that debate, that study look like. Right, So this is the US does not have a lot of military aid left to provide to Ukraine at the moment unless Congress appropriates more funding. And so the spring offensive has not necessarily produced the results that the both sides were looking for. We're going into the winter, which makes it more difficult for there to be progress on the battlefield. Think that you will see an effort in Congress to try to come back from a Thanksgiving holiday and pass Biden's National Security Supplemental, which would provide aid for Ukraine as well as Israel and Taiwan and the border. But that is something that they still are trying to find a solution on. They need to figure out whether or not they can add border policy changes in order to get Republican support for that bill. But if we don't get aid to Ukraine over the next couple of weeks, there is probably going to be a strong hole put into Ukraine's defenses because they really do need more money. You obviously have Europe also supporting them, but Europe has been struggling to get some aid packages passed, some munitions given to them as well, so it's it's been put on the back burner. But I think you might start to see more discussion over over the next month in Congress. At least this is a fine We're going to seek out it to the new year. Jeanette low A shatigas Jeanette, thank you. Subscribe to the Bloomberg Surveillance podcast on Apple, Spotify and anywhere else you get your podcasts. Listen live every weekday starting at seven am Easter. I'm Bloomberg dot Com, the iHeartRadio app, tune In, and the Bloomberg Business app. You can watch us live on Bloomberg Television and always I'm the Bloomberg Terminal. Thanks for listening. I'm Tom Keen, and this is BloombergSee 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Why can elements from music be applied for the benefit of communities or companies? How do you effectively use music and music thinking as a tool?  What does Beethoven's 9th and Japanese woodwork have in common? We are in the in-between space, between music and business, education and performance, listening and understanding, and London and Tokyo.  So, today we talk with Michael Spencer. Michael is the founder of Sound Strategies Ltd, TEDx speaker, Visiting Professor at Ueno Gakuen University (Tokyo), and the Communication Director of the Japan Philharmonic Orchestra. He was Head of education at the Royal Opera House in London and, as a member of the London Symphony Orchestra, worked with Leonard Bernstein, Deep Purple and on the Star Wars soundtracks with composer John Williams. Michael gives us a deep dive into why music functions and shares the elements and learnings he used, for example, in the townships in South Africa and his work with companies like Unilever, BASF, IHG (Intercontinental Hotels Group), Daikin, and Fujitsu. So, we talk about making better connections and how musical systems, timing, and structure help us to understand how things go together. And that music comes from the fact that it is some co-created system for creating relationships. There is a lot to learn today - not only about music, but also about business and society - so let's get into it. Show Notes Sound Business Tokyo:  https://www.soundstrategiestokyo.com/  Sound Business London: https://www.sound-strategies.co.uk/about Japanese woodwork:  https://japanobjects.com/features/japanese-joinery  Beethoven 9th Symphony - with 10000 Japanese Choir https://www.youtube.com/watch?v=8wzXZRd087I  Michael Spencer at TEDxWWF: https://vimeo.com/61710533?share=copy Please consider the 3 ways to support the show! Subscribe to the podcast. Leave us a review — even one sentence helps! I appreciate your support; it helps the show! Tell your friends about the podcast and musicthinking.com  Buy the book The Power of Music Thinking and/or the Jam Cards.   The Power of Music Thinking is brought to you by CREATIVE COMPANION specialised in facilitating leaders, teams and organisations in customer experience, change and innovation.

- This week - we hear about attempts to bring about a law forcing out trans pupils at school from a UK far right party, how Kenya looks set to follow Uganda with extreme anti LGBTQ+ laws. - The actor Jack Holden chats to us exclusively about his Olivier nominated show set in the depths of the HIV/AIDS crisis in late 1980's Soho, London. Cruise that was a hit on the West End after lock down and after a critically acclaimed run, the show is heading to Manchester and a feature film of CRUISE is also currently in development. Jack tells us the story of the phone call he took as a volunteer at LGBTQ+ charity switchboard that inspired him to create the show based on what should have been the last night on earth of main character Michael Spencer. Across this summer's Pride season OUTCAST UK is dropping a weekly LGBTQIA+ news update followed by our hot take and analysis of the week's events. Former BBC 5 Live / LBC and Times Radio journalist and broadcaster Kevin McGrath joins Graeme Smith every week across this summer. Plus a preview of a truly bizarre chat we had with one half of the cock destroyers on a mid week episode that's dropping this week in which we were literally LOST FOR WORDS. Listen to OUTCAST UK every week on Virgin Radio Pride UK - Ask your smart speaker to play Virgin Radio Pride. OUTCAST UK brings you the weekly Queer news dissected in podcast form and now on the radio - Sundays from 9pm. --- Send in a voice message: https://podcasters.spotify.com/pod/show/outcastuk/message

Michael Spencer

Your voice - your ability to advocate for yourself - is so important. But who will advocate for our preborn neighbors who have no voice? Michael Spencer, founder and president of Project LifeVoice, discusses ways you can speak for the preborn.

Hosted by President Charles Bell and Vice President Michael Spencer

David Buik & Michael Wilson talk to businessman and philanthropist Michael Spencer, founder of NEX Group. Together they discuss the future of cryptocurrency, the state of the NHS and what does it take to set up an SME these days?

Creative director Josh Lindberg discusses his play 'Cruise,' which is based on the true story of Michael Spencer's last night on earth after being diagnosed with HIV in 1984, and what he wants the audience to take away from it. This is the first performance outside of the United Kingdom, and it will take place at the Linden Theatre in Johannesburg from December 6th to December 11th.See omnystudio.com/listener for privacy information.

Gus Kenworthy is so much more than an Olympic and X Games Medalist. He's more than an AFP or Dew Tour Overall Champion. Really, Gus is so much more than just a skier. He's a humanitarian who risked everything to ride pipe (and slopestyle) like no-one before him. Gus is also the first professional athlete come out in the prime of his career. This is a story about bravery, feelings, and freedom. It's a do not miss where we touch on his is amazing ski career, when he knew he had a secret, living with that over the years, the plan to come out and so much more. Michael Spencer and “Digi” Dave Amirault ask the Inappropriate Questions. Gus Kenworthy Show Notes 3:30:  Not prepping for the season, who he will keep in touch with, Telluride, other brother peer pressure, team sports, and the Fate pants era 11:00:  Is he competitive, crashes, and his really awkward younger years 21:00:  Stanley:  Get 30% off site wide with the code drinkfast Peter Glenn Ski and Sports:  Over 60 years of getting you out there Outdoor Research:  The best outerwear ever built just got better 23:00:  Losing his BFF at 14, Candide, CoreUPT Skis, Armada, and living with Bobby Brown, 33:00:  Do his secrets impact his success (especially at X Games), not being able to focus, and the freedom of being transparent 39:30:  10 Barrel Brewery:  Buy their beers, they support action sports more than anyone Elan Skis:  Over 75 years of innovation that makes you better 41:00:  Is he living a secret double life, Sochi Olympics, having his halfpipe spot taken away from him, getting the silver and does he overshadow the other medalists 52:00:  Quitting Empire Gloves, the coming out plan and telling the world, 62:00:  Inappropriate Questions with Michael Spencer and “Digi” Dave Amirault

In this new episode of the #CuriousAdvantagePodcast, Michael Spencer shares with Garrick Jones, his curious journey from being a full-time performer, violinist with the London Symphony Orchestra to becoming Head of Education at the Royal Opera House and to working and teaching in Japan. How does curiosity help us engage with completely new contexts? What's the role of curiosity in our decision making, in connecting with new people, in enabling us experience different cultures? How can we become more curious and where do we intend our curiosity to lead us? Are you curious? Subscribe today! Join the conversation, connect with the authors, and keep exploring curiously! #CuriousAdvantage #curiosity #context About the Curious Advantage Podcast Series The Curious Advantage Podcast series is brought to you by the authors of the book The Curious Advantage, Paul Ashcroft, Simon Brown & Garrick Jones and it is about how individuals and organisations use the power of curiosity to drive success in their lives and organisations, especially in the context of our new digital reality. It brings to life the latest understanding from neuroscience, anthropology, history and behaviourism about curiosity and makes these useful for everyone. Produced by Aliki Paolinelis & Edited by Roman Pechersky  #Curiousadvantage #Curiousadvantagepodcast #curiosity #7CsofCuriosity About ‘The Curious Advantage' Book The Curious Advantage is an exploration of the idea of Curiosity and its increasing importance for thriving in the digital age. Taking the widest possible exploration of things Curious – historical, contemporary, neuro-scientific, anthropological, behavioural, semantic and business-focused. At the heart of the book is our model of Curiosity, called 'Sailing the 7 C's of Curiosity'. This model provides individuals with a practical framework for how to be successfully Curious and use Curiosity as a power skill to unlock their own potential. To find out more visit: curiousadvantage.com Get your copy on Amazon The Curious Advantage Audiobook is also available on audible

Conversation with Michael Spencer of CBS Sports Denver to discuss 49ers vs Broncos preview, Russell Wilson, Raiders and Derek Carr, 49ers level of play and more!

Conversation with Michael Spencer of CBS Sports Denver to discuss 49ers vs Broncos preview, Russell Wilson, Raiders and Derek Carr, 49ers level of play and more! also Raiders vs Cardinals, Brock Purdy being Mr. Irrelevant, Jimmy G performance for the season and more!

In this episode we talk about digital patient engagement. Hear insights on trends that are driving the adoption of digital engagement platforms, the future of digital engagement in healthcare, and much more.This episode is sponsored by Conifer Health Solutions

In Hour 1 we were joined by CBS Colorado's Michael Spencer

Kal Wahab, a director at Nordic Global and a speaker at HFMA's Annual Conference pre-conference, discusses the cost effectiveness of health and why healthcare organizations should assess their readiness for value.   Also in this episode, Michael Spencer of sponsor Conifer Health Solutions talks about digital patient engagement.

Michael Spencer, Chief Economist and Head of Research, Asia Pacific, at Deutsche Bank, discusses his markets outlook. He spoke with hosts Doug Krizner and Juliette Saly on Bloomberg Radio.See omnystudio.com/listener for privacy information.

Broncos receiving corps, Nuggets stay the course, Javonte Williams and Melvin Gordon division of labor, patience is paramount, Jerry Jeudy, Nuggets offseason moves, Bruce Brown, KCP, WCF or bust

In this Silicon Valley Tech & AI episode presented by GSD Venture Studios Gary interviews Michael Spencer. About GSD Venture Studios: We travel the world investing in resilient teams bold enough to #GoGlobal. For too long self-motivated entrepreneurs have navigated the minefield of challenges to launching a global company with very little support. The last thing you should bet on in this situation is an unproven team that you don't trust. GSD Venture Studios travels to every corner of the globe inviting resilient teams to establish partnerships that ensure organizations grow the right way, without games or gimmicks. Unlike traditional investors, we take senior operational (often co-founder) roles in these companies, capitalizing on our trusted reputation, experiences, and network to drive explosive growth. More information can be found at: https://www.gsdvs.com/post/interview-with-derek-everything-you-need-to-know-about-gsd About Gary Fowler: Gary has 30 years of operational, marketing, sales, and executive leadership experience including a $1.35 billion dollar exit and a successful Nasdaq IPO. He has founded 15 companies: DY Investments, Yva.ai, GVA LaunchGurus Venture Fund, GSD Venture Studios, Broadiant, etc. Under his leadership, Yva.ai was named one of the Top 10 AI HR Tech companies globally. Gary was recently named one of the top 10 Most Influential AI Executives to Watch in 2020. He is a writer at Forbes Magazine and published over 60 articles on AI and Technology over the last year. More information can be found at: https://www.gsdvs.com/post/meet-gary-fowler

The intersection between academics and economics has always existed. The pandemic and its consequences, like the great resignation and teacher shortage, brought home how tight that connection is. Our guest on the latest episode of The Education Insider, Michael Spencer, lives at that intersection. He's the CEO and founder of Global Expansion Strategies, a company that guides education vendors looking to enter international markets.Spencer said that the renewed spotlight on the relationship between education and business is not an anomoly. It's a trend we can expect to see continuing for a few reasons:More edtech startups will go international because of the economic benefits.Blended and hybrid learning will continue to be a primary learning model across the globe.Blended and hybrid learning that includes individualized learning plans for students and that is highly managed by companies will become more widespread, again because of the economic benefits; andMore brick-and-mortar public schools here in the U.S. are starting to launch their own virtual schools.Here's what that means for you.The Benefits of Going InternationalThere are benefits to going international for edtech companies. It's as true for startups as it is for well-established providers. Schools outside the U.S. face many of the same challenges we have here. That includes a need for high-quality blended learning solutions.Another benefit of international schools is the increased flexibility they offer. Since there are many different types of schools, there may be systems outside the country that are better suited to your technology. With different (or fewer) regulations, getting buyers in an international market can be easier. It can help you get real users and funding more quickly than in the U.S.“The biggest demographics of schools here in the United States are the public schools, and so you have issues associated with budget cycles, budget constraints, and an assortment of other challenges that we all know. There are challenges in the international space,” Spencer explained, but working with private schools “tends to make things a little bit easier when approaching them and introducing technologies. Now you have to make sure that there's a need for the technologies obviously.”Economic Benefits of Blended LearningThere are also economic benefits to blended learning right here at home. This is true for both schools and edtech companies — as long as they do it right. Perhaps the most obvious benefit for schools is that blended learning does not require a teacher on site.Spencer notes that schools had to pivot to remote learning within a week at the beginning of the pandemic. That hurried and improvised deployment leads to less than ideal outcomes. The weaknesses of distance learning were quickly and starkly evident. But in the second year, they also began to see the strengths of distance learning more quickly than they might have under a more traditional and controlled rollout.“Many of these education institutions now are realizing that there are ongoing benefits to both blended and hybrid models,” Spencer explained, “that being if students can do a lot of their curriculum online in a fully virtual environment sprinkled in with some supplemental curriculum,” the teacher can guide students from their own home.Similarly, blended learning allows students to spend less (or more!) time on campus as well. Blended learning could allow students who progress quickly to have a four-day school week while their peers continue attending for the traditional five days each week.“We all know that there are varying degrees of learners out there slow, fast,” said Spencer. “For those that have the ability to learn at a faster pace, we can then provide them with a shorter week.”It could also allow students who learn slower to extend the school day or week beyond the hours and days it normally lasts. We already see schools around the country doing something similar to mitigate lost instructional time from interruptions like snow days or the schedules of student-athletes.Blended learning could even help schools to retain teachers by reducing their work burden. People have been resigning across various industries since the beginning of the pandemic and education is no exception. Teachers are stressed out and overwhelmed because they've been asked to take so much more on and do an already challenging job under even more difficult circumstances.“A lot of these teachers aren't leaving, because they hate their job. It's because they're being asked to do too much already,” Spencer said. But if edtech providers “can help school districts do [blended learning well], it should actually help retain teachers and help teachers be more impactful.”Blended learning can also open up all kinds of new public/private partnerships for the benefit of students.“We now have global operators, including two here in the United States, that are going to be deploying a business finance and management, internet marketing, and digital analytics course to high school students in private schools,” Spencer said. “It's one hour of instruction every week for eight weeks and then the remaining eight weeks are an actual internship with a Fortune 500 company like Deloitte, Google, or eBay, and they can all do that from either their school or their home. They don't have to get on a bus to go anywhere.”How to Do Blended Learning Right“I think blended or hybrid learning has been used quite freely over the past decade with no clear definition,” Spencer said, “but what really is going to determine the success of any implementation, be it blended, hybrid, or combination of thereof, at any education institution is the experience that can provide all the tools, resources, and guidance to implement models that drive student outcomes.”To do blended learning right, companies should:Be able to train school staff and deploy and manage the technology;Create individualized learning plans for students with varied interests or who learn at different paces;Drive student outcomes or risk offering blended presenting in place of learning;Start with the question, “What's the optimal outcome for this particular institution? What's optimal for this specific student?”Offer both asynchronous and synchronous learning to fit multiple student need profiles; andKeep students engaged or offset remote learning with more synchronous learning.I think any successful model is, is going to have to be determined by what is the optimum outcome of the education institution.  If the education institution is to, provide, , blended learning models whereby.“I think there's going to be, to some degree, the need for asynchronous and synchronous learning,” Spencer said. “And it's going to be determined based on those students who are in the model and what their specific needs are. Not every student has the ability to learn at the same pace, and so when we configure these blended learning models, we need to make sure that they can be developed such that each individual student has an individualized learning plan consisting of synchronous and asynchronous learning.Albert Einstein once said that in the midst of every crisis there is an opportunity. As the pandemic winds down, schools are finding that the tools they used to weather that emergency have given them an opportunity to redefine the way learning happens in and out of their buildings in ways they couldn't have dreamed of just a few years ago. Make sure you're in a position to help them make the most of that opportunity.https://www.prp.group/blog/opportunity-in-crisis-making-the-most-of-blended-learning-after-the-pandemic

LIVE from WORKBENCHcon 2022: Michael Spencer, Spencer Woodworks (Organization Conversation, Episode 26) Michael Spencer, the owner of Spencer Woodworks, joined Stephanie of Uncommon Outpost and Wall Control for a conversation live from WORKBENCHcon 2022. Michael described transitioning from his military career into woodworking. He talked about what kinds of custom pieces he creates, the advantages […]

LIVE from WORKBENCHcon 2022: Michael Spencer, Spencer Woodworks (Organization Conversation, Episode 26) Michael Spencer, the owner of Spencer Woodworks, joined Stephanie of Uncommon Outpost and Wall Control for a conversation live from WORKBENCHcon 2022. Michael described transitioning from his military career into woodworking. He talked about what kinds of custom pieces he creates, the advantages […] The post LIVE from WORKBENCHcon 2022: Michael Spencer, Spencer Woodworks appeared first on Business RadioX ®.

Michael Spencer

Michael Spencer from CBS 4 joined the guys in studio to talk about the electric atmosphere during last night's Avalanche game as well as realistic expectations for the Broncos this season.

Join me for an interview from the archives with Melody Vachal, who has deep insights into both sides of the caregiving equation. We talk about practicing the pause, upping your gratitude practice, and what it looks like when the (chronic) caregiver needs care. Oh, and we might just geek out about acronyms a little. bio Melody Vachal is a Speaker and consultant on topics of caregiving, developing a care team, and self-care for caregivers. She loves to share her unique perspective both on being a caregiver and on being the recipient of care. Her journey brought her to share her passion for self-care for caregivers and take her business from a dream to a reality! Melody is also a Speech-Language Pathologist with extensive experience gained in over 30 years of pediatric therapy. She has specialized training in the evaluation and treatment of culturally and linguistically diverse learners. resources Connect with Melody on LinkedIn Check out Michael Spencer's Let's Purify podcast Learn more about Foundations of Wellness for Women Sign up for a free consultation with Liza Baker --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/liza-baker/message Support this podcast: https://anchor.fm/liza-baker/support

Michael Spencer is a powerhouse of an agent who represents some of the top athletes in ski and snowboard. I'm talking about Shaun White, Gus Kenworthy, Simon Dumont, Torin Yater-Wallace and more. On the podcast, we talk about deep connections to his athletes, starting brands with them, all things agent and of course, Michael's backstory. It's a peek into the life and times of a super-agent. Jossi Wells asks the inappropriate Questions.   Michael Spencer Show Notes: 3:30:  Shaun White, his new brands, his image in the world of snowboarding and beyond 14:30:  Mormon, his brother coming out, and coming up in the freestyle world 20:30:  Stanley:  Get 30% off site wide with the code drinkfast Peter Glenn Ski and Sports:  Over 60 years of getting you out there 10 Barrel Brewery:  Buy their beers, they support action sports more than anyone 23:30:  Competition, college, quitting competition, Law School in California, his girlfriend's gold and the injury that made his career 35:00:  Grasping for anything, Nike pro models, medals stolen, money, and personal expense 28:00:  Working for the Salt Lake Olympic Committee, starting his agency, the first Olympics, and cutting his teeth early on 32:00:  Depression, overdose, getting help, another intense bout with depression, another overdose, and time in the psych ward, getting out and figuring out how to manage her depression 41:00:  Alpine Vans:  Upgrade your adventure, Upgrade your life Elan Skis:  Over 75 years of innovation that makes you better 43:00:  The courtship of Simon Dumont, the progression of athletes, Sarah Burke, and creating the AFP 51:30:  FIS doesn't get it, babysitting, explaining things to sponsors, and dealing with athletes when they don't want to show up at sponsor related contracted events 60:00:  Contract negotiations, creating brands with athletes, and all things Gus Kenworthy 77:00:  Inappropriate Questions with Jossi Wells

In today's episode of the power of design podcast I'm talking to my friend Michael Spencer the Director of Corporate Facilities Design & Services at Lowe's companies in Charlotte, NC

This week, Andrew sits down with Michael Spencer, the Co-Founder and CEO of SmartMoney. Andrew and Michael's conversation revolves around driving financial inclusion, customer acquisition, and the importance of rural-focused fintech applications.

FEATURED GUEST: {ENCORE Episode 43 with Michael Spencer} Michael Spencer is the owner of Michael Spencer Bookkeeping, a virtual bookkeeping business serving counselors, therapists, and helping professionals in private practice. With a first career in auditing and accounting and a second career as a Licensed Professional Counselor and coach, Michael brings a unique skill set to her bookkeeping services. She connects with her clients with warmth, compassion, and deep listening; keeps their books accurate and up-to-date every month; and helps them make sense of their financial information. Michael breaks down the basics of what we need to know as business owners when it comes to bookkeeping. In this episode Michael shares: the differences between bookkeeping and year end taxes the importance of good bookkeeping habits how we can use our books to make confident decisions in our practices, and when it is helpful to call in a professional for assistance. Resources: mspencerbooks.com

Michael Spencer is the owner of Michael Spencer Bookkeeping, a virtual bookkeeping business serving counselors, therapists, and helping professionals in private practice. With a first career in auditing and accounting and a second career as a Licensed Professional Counselor and coach, Michael brings a unique skill set to her bookkeeping services. She connects with her clients with warmth, compassion, and deep listening; keeps their books accurate and up-to-date every month; and helps them make sense of their financial information. Michael breaks down the basics of what we need to know as business owners when it comes to bookkeeping. In this episode Michael shares: the differences between bookkeeping and year end taxes the importance of good bookkeeping habits how we can use our books to make confident decisions in our practices, and talks about when it is helpful to call in a professional for assistance. Resources: mspencerbooks.com

Episode 50: TRUE STORIES: with Kate MOORE, Michael SPENCER, Kurt GOTTSCHALK, Anna PIDGORNA, Bob PRITCHARD, Lynn KUO, Allison BALCETIS, Scott SMALLWOOD, Jen MESCH. 

Michael Spencer is the owner of Let's Purify and creator of a new way to declutter that unites the decluttering process with the spiritual path. The Home Energy Purification method blends the practical aspects of decluttering with intuition, mindfulness, and soul. She has developed this method over the past several years out of her own personal experience and through working with clients in workshops, one-on-one sessions, and now in her  12-week coaching program Purify Your Home. It's perfect for sensitive, intuitive, and soulful ones who want decluttering to feel like an integrated and meaningful process - without the overwhelm! As a Reiki practitioner and Modern Day Priestess, she incorporates Reiki and many other spiritual practices into her work with clients. I resonated with Michael on so many levels when we connected as we had so much in common with healing and energy work and the mission to help create collective change. I hope you enjoy this insightful, heartfelt and connected conversation with Michael. This podcast is brought you by http://www.ethicalchangeagency.com (Ethical Change Agency).

Let's talk about Flotsam and Jetsam's 13th full length studio album from AFM Records, The End of Chaos. This 12 track assault from the current metal quintet is comprised of: Eric “AK” Knutson – vocals; Michael Gilbert – guitars; Steve Conley- guitars; Michael Spencer – bass; Ken Mary – drums. I review with my feelings which I often get ridiculed for, but like I give a shit. I'll feel what I want to feel and if you don't like it stick around those feelings will change. Your well thoughtout gems of intricate wisdom; fads or fickle; puhtato, potato… The 80s metal man in me feels 3 things about this album right off the bat… 1. This album fucking rocks! Its headbanging from start to finish. I don't detect a lot of pussy ballad music on it, which means the bullshit is left behind. The closest the album comes to a “power ballad” is their haunting rendition set upon the altar of the metal gods of personal pain, “Recover”. A serious misnomer, this song hits you in the good parts about an injury to the heart and mind so deep we may never recover…all done at about 120 beats a minute! (Hell yeah - take that Nightwish!) 2. Friends, if I heard this album in the 1983, when real metal was played and not artistically not artistically emoted swill (pause and vomit), I would have considered it, quote ”experimental”. Songs such as “Prepare For Chaos“, “Good Or Bad“, and my personal favorite “Demolition Man” were played so immensely and intensely that I'm sure “rajasthani folk musical instruments” all over the world were blowing up like a Samsung Smartphone roasting the ears of whoever had it next to their head. 3. The 3rd thing I noticed on this album is that the lyrics on this album are badass. They are dark and deep: addressing pain, heartache, insanity, disaster, despair, fantastical realms and general dark-heartedness. The point is, Flotsam and Jetsam on The End Of Chaos addresses the issues all good metalheads deal with in life. And yet, none of that mattered. The kick-ass lyrics are secondary to the kick-ass music that caused me to bang my head from start to finish. I experienced metal on a primal, neck traumatizing level, and this album meets all the criteria for such an album. One thing that surprisingly stood out on The End of Chaos, were the vocals of AK Nut-buster. (OK, if that's not his name, it oughta be!) Regardless of his name, dude can fucking wail. I kept thinking he sounds like some vocalist I love, which can be a very complimentary thing. He has a style you can't pin him down to, a rare thing in the industry. At times it sounded a little like Dio, at times Jeff Tate, and at other times it was a little like Dickenson. AK Knutout and the boys from Flotsam and Jetsam can kick ass. Gilbert and Conley grasp the concept of highly distorted, focused, bellicosic need that lies with true metal. Then, while Knutson and the guitar boys provide the spice of this meaty dish, Spencer and Mary lay down a basic rue of hard driving, hardwired metal that keeps The End Of Chaos righted on the perilous sea of Metal! If I'm pressed, the biggest recommendation I could find for The End Of Chaos is to encourage Flotsam and Jetsam to add some diversity to their general tone. They've mastered the “art” of Heavy Metal and it shows in every song, at times giving them an air of similitude in many of their songs. Don't be afraid to dumb it down; trust in the simplicity of the music and the brotherhood of the musicians and the audience. Branch out and branch down. Then lets swing on the vines as we headbang into unconsciousness. In conclusion, Flotsam and Jetsam's The End Of Chaos is a grab-you-by-the-balls and come along with them wherever they're going to take you endeavor. It's a gravel gargling, high distortion, speed…no thrash, metal riff and solos album, backed by an incredibly heart-pounding bass and drum hardline. I highly recommend Flotsam and Jetsam‘s The End Of Chaos through AFM Records with a rating of 8.5/10.

REFLECTION QUOTES “Freedom's just another word for nothing left to lose…” ~Janis Joplin, “Me and Bobby McGee” “If what we do now is to make no difference in the end, then all the seriousness of life is done a way with.” ~Ludwig Wittgenstein (1889-1951), Austrian-British philosopher “Life has no meaning the moment you lose the illusion of being eternal.” ~Jean-Paul Sartre (1905-1980), French existentialist philosopher “The ultimate apologetic is to a dying man…. the news that ‘Christ is risen!' really is Good News for one kind of person: The person who is dying. If Christianity is not a dying word to dying men, it is not the message of the Bible that gives hope now.” ~Michael Spencer (1956-2010), internet blogger “I know a place, ain't nobody cryin', ain't nobody worried. Ain't no smilin' faces, mmm, no, no, lyin' to the races.” ~“I'll Take You There”, The Staple Singers (1972) “It is the secular whose longing for perfection has grown so intense as to lead them to imagine that paradise might be realized on this earth after just a few more years of financial growth and medical research. With no evident awareness of the contradiction they may, in the same breath, gruffly dismiss a belief in angels while sincerely trusting that the combined powers of the IMF, the medical research establishment, Silicon Valley, and democratic politics could together cure the ills of mankind.” ~Alain de Botton, Swiss-born writer and television producer “Too many Americans have twisted the sensible right to pursue happiness into the delusion that we are entitled to a guarantee of happiness. If we don't get exactly what we want, we assume someone must be violating our rights.” ~Susan Jacoby, American public intellectual and author “Definition of a wanderer: A guy who's always looking beyond.” ~Stephen King (1947-present), in Wolves of the Calla SERMON PASSAGE Genesis 23 (ESV) 1 Sarah lived 127 years; these were the years of the life of Sarah. 2 And Sarah died at Kiriath-arba (that is, Hebron) in the land of Canaan, and Abraham went in to mourn for Sarah and to weep for her. 3 And Abraham rose up from before his dead and said to the Hittites, 4 “I am a sojourner and foreigner among you; give me property among you for a burying place, that I may bury my dead out of my sight.” 5 The Hittites answered Abraham, 6 “Hear us, my lord; you are a prince of God among us. Bury your dead in the choicest of our tombs. None of us will withhold from you his tomb to hinder you from burying your dead.” 7 Abraham rose and bowed to the Hittites, the people of the land. 8 And he said to them, “If you are willing that I should bury my dead out of my sight, hear me and entreat for me Ephron the son of Zohar, 9 that he may give me the cave of Machpelah, which he owns; it is at the end of his field. For the full price let him give it to me in your presence as property for a burying place.” 10 Now Ephron was sitting among the Hittites, and Ephron the Hittite answered Abraham in the hearing of the Hittites, of all who went in at the gate of his city, 11 “No, my lord, hear me: I give you the field, and I give you the cave that is in it. In the sight of the sons of my people I give it to you. Bury your dead.” 12 Then Abraham bowed down before the people of the land. 13 And he said to Ephron in the hearing of the people of the land, “But if you will, hear me: I give the price of the field. Accept it from me, that I may bury my dead there.” 14 Ephron answered Abraham, 15 “My lord, listen to me: a piece of land worth four hundred shekels of silver, what is that between you and me? Bury your dead.” 16 Abraham listened to Ephron, and Abraham weighed out for Ephron the silver that he had named in the hearing of the Hittites, four hundred shekels of silver, according to the weights current among the merchants. 17 So the field of Ephron in Machpelah, which was to the east of Mamre, the field with the cave that was in it and all the trees that were in the field, throughout its whole area, was made over 18 to Abraham as a possession in the presence of the Hittites, before all who went in at the gate of his city. 19 After this, Abraham buried Sarah his wife in the cave of the field of Machpelah east of Mamre (that is, Hebron) in the land of Canaan. 20 The field and the cave that is in it were made over to Abraham as property for a burying place by the Hittites.