Podcasts about Rainy day fund

Stories we're following this morning at Progress Texas:In a tragically familiar scenario, another killing by ICE of a Texas motorist - this time Lorenzo Salgado Araujo, who had lived in Houston since 1993: https://www.reuters.com/world/us/ice-agent-fatally-shoots-mexican-motorist-texas-during-vehicle-stop-agency-says-2026-07-07/...A large group of Houston elected leaders and advocacy groups are calling for an independent inquiry: https://www.houstonpress.com/news/independent-probe-demanded-in-houstons-fatal-ice-shooting/...Ordinary Latino citizens - not criminals or gang members - are bearing the brunt of a recent escalation in ICE aggression: https://www.sacurrent.com/news/texas-news/ice-primarily-targeting-non-criminal-immigrants-in-texas-recent-numbers-show/Ken Paxton appears to have illegally voted in at least six elections - including the primary and runoff that put him in line for the Senate - as he's still registered at his old address in Collin County, two years after moving out: https://www.texastribune.org/2026/07/07/ken-paxton-voting-election-law/Democratic gubernatorial nominee Gina Hinojosa says she plans to declare an affordability emergency upon becoming Governor, and to send each Texas household a check for $1,500 from the bloated Rainy Day Fund: https://www.fox7austin.com/news/texas-gubernatorial-candidate-gina-hinojosa-proposes-1500-refund-texansOutgoing Texas Agriculture Commissioner Sid Miller joins a growing chorus urging Governor Abbott to declare a special legislative session to stop the explosive growth of data centers across the state: https://www.kcbd.com/2026/07/07/texas-ag-commissioner-miller-urges-governor-abbott-call-special-session-data-center-expansion/Check out the Substack version of the Daily Dispatch, which delivers each pod to your inbox and frequently includes extra video goodies: ⁠⁠⁠⁠⁠⁠https://substack.com/@progresstexas⁠⁠⁠⁠⁠⁠Progress Texas has expanded into both broadcast radio - including a new partnership with⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠KPFT-FM in Houston⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠! Make a tax-deductible contribution to our radio initiative⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠HERE⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, and to our Spanish expansion⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠HERE⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Find our web store and other ways to support our important work at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://progresstexas.org⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.⁠⁠

Please join us at patreon.com/tortoiseshack Time and time again, the disabled and carer community are left behind. When the Government found over 700m for the fuel protests, while saying they couldn't pay out an emergency 145m cost of disability payment the message was loud and clear; you don't matter enough in our economic model. Joining us on the podcast to discuss the inherent unfairness of our divide and rule system, which means people compete for resources, are Head of Advocacy with the Irish Wheelchair Association, Joan Carthy and cofounder of Access for All, Bernard Mulvany. We need solidarity. We need to join the dots and to take action. Elaine Crory in Belfast podcast:https://www.patreon.com/tortoiseshack/posts/patron-exclusive-160833001 Liam Cunningham podcast is here:https://www.patreon.com/tortoiseshack/posts/patron-exclusive-159915188 Support Ionad Hind Rajab:https://www.ionadhindrajab.org/

This is a free preview of a paid episode. To hear more, visit www.wethefifth.com-Please say hello to our new Sunset Park neighbor-The American Chávez -The Nobel Prize Grudge-The Dictatorship That Remained-Political Pilgrims and Failed Experiments-Maria the Maid and the, “Gay Marriage Lady” slur-A Masterclass in Macro-Failure-The Media Pioneer-The Illusion of Democracy-Economic Voodoo-The “Police” StrategyGet William's book, Things …

Rep. Jim Struzzi and host Charlie O'Neill react to the Governor's budget proposal for the upcoming fiscal year. Shapiro again wants to spend more than the Commonwealth will bring in – leaving a hole that can only be filled by increasing taxes and draining our emergency reserves.

This Day in Maine Wednesday, February 4, 2026

One on One Video Call W/George https://tidycal.com/georgepmonty/60-minute-meetingSupport the show:https://www.paypal.me/Truelifepodcast?locale.x=en_US

Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society.   In this episode, Justin interviews Deyna Feng, Director of Captive Programs at Cummins, about her role at the company. They discuss the reality of climate change risks and how Cummins uses captives to address them in the short- and long-term in the U.S. and 36 countries globally. They talk about the various facets of the company, from property to supply chain, to business continuity, to human resources, at risk from climate events. They discuss the variety of regulatory sustainability reporting requirements around the globe.   Listen for steps to take to use captives for your climate risk planning and strategy.   Key Takeaways: [:01] About RIMS and RIMScast. [:17] About this episode of RIMScast. Our topic today is the interconnection between captives and climate risk. To help me delve deeper into this connection, I've asked Deyna Feng of Cummins to rejoin us. It will be great to catch up with her! [:49] You're going to walk away from this episode with a lot of great ideas for your captive programs. But first… [:55] RIMS-CRMP and Some Prep Courses. The next virtual prep course will be held on March 110th and 11th and again on April 21st and 22nd. Links to these courses can be found through the Certification page of RIMS.org and through this episode's show notes. [1:12] RIMS Virtual Workshops are coming up. On January 21st and 22nd, Chris Hansen returns to deliver the course, "Managing Worker Compensation, Employer's Liability and Employment Practices in the US". [1:26] On February 4th and 5th, Ken Baker will return to deliver the course, "Applying and Integrating ERM". [1:36] The full schedule of virtual workshops can be found on the RIMS.org/education and RIMS.org/education/online-learning pages. A link is also in this episode's notes. [1:47] RIMS members always enjoy deep discounts on the virtual workshops. [1:57] The RIMS-CRO Certificate Program in Advanced Enterprise Risk Management is hosted by the famous James Lam. This is a live virtual program that helps elevate your expertise and career in ERM. [2:10] You can enroll now for the next cohort, which will be held over 12 weeks from April 14th through June 23rd. Links to registration and enrollment are in this episode's show notes. [2:24] On with the show! Deyna Feng is rejoining us for the first time since 2021. She is the Director of Captive Programs at Cummins. [2:38] Cummins designs, manufactures, distributes, and services a broad range of power solutions, from traditional diesel and natural gas engines to advanced electric, hybrid, and hydrogen fuel cell technologies. [2:50] Deyna is here to discuss how climate change has had a huge influence on how she manages captives for Cummins. We're also going to speak a little more broadly about the ways you might think about climate risk as you launch or alter your captive program. Let's get to it… [3:06] Interview! Deyna Feng, welcome back to RIMScast! [3:21] Deyna Feng has been working for Cummins for the past 15 years. She was always with the risk insurance team and, since 2015, she's managed the captive operations, the insurance programming inside it, and the whole insurance company. [3:52] Deyna started with Cummins as Regional Risk Manager for Asia Pacific. Then she joined the company to manage its captive. Deyna has been really passionate about this career path because captive is such a wonderful risk management and risk insurance tool. [4:08] Deyna says Cummins has been using its captive constantly and actively managing different types of risk and profiles. [4:34] A captive is an insurance company. Cummins's captive is a pure captive, or a single-parent captive, so it purely insures the parent company's risks and business. [4:44] The benefit of a captive insurance company is that, instead of buying insurance from the commercial market, you can really tailor your insurance program within a captive. [4:55] They also provide financial benefits like tax benefits and some other things you can manage through the captive. [5:03] For the past few years, it's been hard on the insurance market on the property and the liability side. Cummins uses its captive, proactively, managing the whole program in a really unique way. Everything is tailor-made to your own program, your own risk. [5:21] If you are a good risk management account, you will receive benefits by doing such a self-insurance arrangement. [5:38] Justin recalls from reporting that in 2025, there are hundreds more captives among medium and small businesses than there were 20 years ago. Feng agrees. It's a booming market for the whole captive industry. It's growing for all captive domiciles around the world. [6:01] Deyna and Justin believe that captives are a big part of the future of risk management. [6:09] Justin reconnected with Deyna because of her unique philosophy that climate change can greatly impact a captive and, therefore, a company. [6:38] Deyna thinks everyone is feeling the effects of climate change in the current environment. They see more things happening, more frequently, with more severity; events like wildfires, floods, and hurricanes. [6:53] Deyna says, Before, it's rarely showing anywhere, or a 500-year event, then suddenly, something happens. We experience such dramatic events in different facilities globally. So, we are thinking such events can escalate super quickly and become catastrophic. [7:17] Deyna asks how we can manage such events, especially when you are dealing with a large insurance program, and it involves a big business interruption to your global company. [7:29] Deyna thinks there is a growing concern for global companies like Cummins for a few important reasons. First, frequency and severity are rising. Also, it's less predictable in certain areas, and there will be increasing exposure for large, global facilities. [8:08] Deyna speaks of supply chains. For a large manufacturing company with a global footprint, it's important to manage supply chain risk in a better way. The climate risk is changing globally, so it will impact Cummins's supply chain risk to a large extent. [8:30] Deyna says it also increased the complexity of managing claims, like a hurricane claim. Hurricane Helena is our recent example. It happened over a year ago, but it impacted multiple locations in that area and also impacted Cummins's warehouses and logistics centers. [8:50] It impacted the whole business revenue and the whole area. So, it becomes a much more complex claim to manage and handle. Even now, Cummins is still dealing with the whole impact of that Hurricane Helena flood claim. [9:11] Justin asks about polycrisis and how one event triggers others that the captive manager has to oversee and try to resolve. [9:31] Deyna says, Cummins has suppliers in that area. If those suppliers don't have good insurance coverage, then Cummins helps them out, so they can help Cummins's local business. That impacts a lot. Cummins is still dealing with a business interruption claim from that event. [10:06] Deyna says one important area for climate risk management is dealing with government regulatory requirement reporting changes, not just in the U.S, but worldwide, with international reporting. [10:25] Certain countries are more advanced in regulation development. So, for those countries, Cummins has to make sure to do a proper evaluation and prepare for those government reporting requirements. [10:44] That involves a whole set of reviews from different lenses. To manage the risk more effectively and efficiently, Cummins needs to consider a few options. One is about data. [10:59] The whole risk management and risk insurance program is data-driven, so Cummins makes sure to gather important climate risk-related data and then models it globally in CAD. This way, Cummins can anticipate future risk and business impact. [11:24] The second is the partners Cummins works with. Those are insurance, reinsurance, and brokers. They offer different types of climate risk-related data analysis. [11:38] From there, certain captives can use such data-driven arrangements and cat modelling to plan their parametric solution. That's a unique type of risk, tailor-made. [12:00] Deyna says Cummins's global insurance program has broad coverage, already covering such climate risks. That's useful for specific risks in certain areas. You have the trend, you see the need, and then you use this to pay claims quickly without complex claim procedures. [12:28] The other area Cummins has been doing is leveraging the data it receives and then utilizing the captive to do the strategic planning. That is how Cummins utilizes the captives to structure its global property liability program. [12:46] And then Cummins uses the captive as a fronting mechanism, and then puts more layers within the captive to manage large claims more flexibly. [12:58] Then the other part is using the captive to buy reinsurance to transfer certain catastrophic events or the higher risks to the reinsurance market. So it's a diversified captive strategy. [13:15] Justin asks about business continuity planning. Deyna says that to manage climate risk, business continuity planning is important. Lots of companies use it to manage traditional risks, like a flood or a fire, but it is also important to deal with future climate risk resiliency planning. [13:39] The supply chain risk is part of that, and then when you identify the high-risk area, like a heat wave, or cold stress, or water stress, how can you make sure your local businesses are well prepared to deal with those situations, especially in the long run? [14:00] Quick Break! RISKWORLD 2026 will be held from May 3rd through the 6th in Philadelphia, Pennsylvania. RISKWORLD attracts more than 10,000 risk professionals from across the globe. It's time to Connect, Cultivate, and Collaborate with them. Booth sales are open now! [14:22] General registration and speaker registration are also open right now! Marketplace and Hospitality badges will be available starting on March 3rd. Links are in this episode's show notes. [14:37] Let's Return to Our Interview with Deyna Feng! [14:45] Deyna says Cummins is based in Indiana. Deyna lives there. [14:53] Deyna says, This year, the snow hit us super early. Before, it's after Christmas time, when we start seeing snow, and January is super cold, and this year, like, early December, we're already in cold weather. [15:05] Justin says, Yeah, we're recording in mid-December right now, and we received somewhere between 6 and 12 inches of snow on Sunday, just a few days before recording this. [15:17] Justin continues, And now, today, we're gonna be hitting the 50 degree mark. So everything is finally gonna melt away, but it's also gonna wreak havoc on our senses, and people are gonna get sick, right? That just happens. Yes, I'm just venting here about climate change. [15:41] Globally, Deyna has regional risk managers, a renewal team, and a claims team, who work together as one big team of around 16 people in total. [16:07] Dena describes her role as Director of Captive Programs. The insurance company is complex. They have to deal with all the government requirements and year-end matters, program renewal, and Cummins's captive, covering the international employee benefits side. [16:20] Cummins's captive covers the medical and the non-medical program for over 36 countries. [16:29] Justin interviewed the Risk Manager of the Year for 2025, Jennifer Pack, with Hilton. In addition to her role in risk management for Hilton, she was also the captive manager, and she said that sometimes that's a one-day-a-week job, and sometimes it's a four-day-a-week job. [6:47] It really depends on various things, and climate change was one of the items that she mentioned. Justin says, It's something that our audience should be thinking about, because captive management is not going away. [17:05] Justin says, It is something that you want to have in your arsenal as a risk professional, and it can enhance your career, like it's doing for Deyna. [17:16] Justin says, We've seen how some policymakers in the U.S. try to debunk climate change, even though there's overwhelming evidence to suggest that it is a real thing, and it still ranks very highly on the World Economic Forum's list of top risks. [17:31] Justin asks, Against that backdrop, how are you swaying the decision makers at Cummins these days? You just said you were going to speak to some of your internal stakeholders, so what do you need to do to convince them? [17:45] Deyna says that the World Economic Forum emphasizes that climate change now represents massive physical and transition risks, with over $3.6 trillion in damage from disasters since 2000. So, it's a serious number. [18:10] Deyna says, Our CEO takes climate change seriously. We are trying to be the environmental sustainability advocacy lead in the industry and market. [18:23] Deyna says, Cummins has a strategy and commitment to the 2030 environment goals and 2050 targets. We are doing Destination Zero, which is helping not just our own facility, but also our customers and suppliers to navigate the energy transition and environmental goals. [18:46] Cummins's CEO is Jennifer Rumsey. Deyna says she's an awesome, wonderful CEO. [19:07] Justin says, It sounds like you have a line of communication to her. [19:11] Deyna says, We do. This is an important topic. We do annual reporting, including all the aspects relating to this Destination Zero goal. It involves so many functions within Cummins to work with these goals and targets. [10:38] The goals include decarbonization, material changes, community goals to address the site and community greenhouse gas emissions, and also, volatile organic components, water, and waste. [19:56] There are so many things that can be leveraged and developed perfectly with this approach. [20:06] A Final Break! The Spencer Educational Foundation's goal to help build a talent pipeline of risk management and insurance professionals is achieved, in part, by its collaboration with risk management and insurance educators across the U.S. and Canada. [20:25] Spencer awards undergraduate, graduate, Ph.D., and Pre-Instructor of Practice Scholarships to students enrolled at an accredited college or university in the U.S. and Canada, and physically studying in either location. No remote coursework eligibility from other locations. [20:42] Including part-time, graduate scholarships to risk management and insurance professionals continuing their education. [20:48] Since 1980, Spencer has invested more than $11.1 million in the scholarship program with awards to over 1,700 students. More than 85% of Spencer's scholarship recipients remain in the industry to this day. [21:03] They've got undergraduate scholarships, full-time Master's scholarships, part-time Master's scholarships, pre-dissertation Ph.D. candidates, doctoral candidates, and pre-instructor of practice scholarships all open now. The application deadline is January 31st, 2026. [21:25] Visit SpencerEd.org/scholarships. You'll find the different application buttons. See the link in this episode's show notes for more information. [21:37] Let's Return to the Conclusion of Our Interview with Deyna Feng!  [22:00] Justin asks Deyna what makes captives uniquely suited to handle climate-driven volatility, compared to traditional insurance solutions. [22:06] Deyna says, Climate risk is quite dynamic, systematic, and also regulatory-driven. It needs continuous investment to understand your climate risk and the government reporting requirements. It's not just one-time managing the risk. [22:25] Deyna says, We look at now as the baseline, with the short-term, mid-term, and long-term, all the way to the end of the century, how the climate risk score is changing for our global facilities. Those are evolving risk scores, not just a one-time risk score. [22:51] Cummins takes a systematic and holistic approach to evaluate the climate risk, so it's not like a daily market change. [23:10] Deyna says, The other part is regulatory diversity, for the whole climate risk aspect, how you manage the risk, matching with different compliance requirements. [23:22] In the U.S., the federal government sets the broad framework, like the Clean Air Act, the Inflation Reduction Act, and some national emission standards. But then, across the 50 states, over 35 states enforce renewable portfolio standards or clean energy standards. [23:41] Different states have different goals, like greenhouse gas reduction targets, and then some other things. And some states are super aggressive on their targets, with much higher standards and quicker standards than the federal guidelines. [24:05] Cummins has a designated team focusing on all the government requirements, the reporting, etc. We share data internally across the broader function teams. [24:24] If we collect data on the climate risk score, we want to make sure everybody leverages the same set of data. We have the same tone and the same message passing on to the global leaders, regional leaders, and even site leaders. [24:37] Justin asks about having systems in place. [24:42] Deyna says, We are building a risk framework around this area. That includes the centralized data. We share the same set of data with the stakeholders. We do need internal stakeholder alignment. [24:55] Deyna says, We have strategic alignment, talking about the same thing. Then we also need to work with site leaders at the site-level resiliency on their business continuity planning. [25:10] Deyna's team provides global training because climate risk is still quite a new concept to many people managing the risk. Deyna wants to make sure they understand where we come from, how we manage the data, and the risk. [25:21] Justin asks about Cummins's risk insurance and captive strategy. [25:28] Cummins uses captives strategically. From this climate risk management, Deyna says, we also have different approaches, from a few lenses. First is the risk data. [25:41] Deyna says, We select a good partner to help us review our global portfolio, and we gather the individual site climate risk score. [25:51] Deyna says, Then we put them together so that we can generate the whole company profile, the regional risk map, down to the country level and site-specific level about where the risky areas are for the individual site from a climate risk perspective. [26:06] Deyna says, Then, from the insurance program perspective, we also have a layered insurance program with our captive actively involved in leading the strategy and also, doing the transfer of the larger layers or risks to the reinsurance market. [26:23] Deyna continues, So, we buy the multi-year aggregate stop-loss in the captive to cap our volatility. Then, there are some other ways about parametric insurance that other companies can consider. [26:36] For Cummins, because we have broad coverage, we already consider such cat risks, including future rainfall, wind, and heat-related scenarios. [26:48] In addition to these, supply chain risk is an important piece to manage. So, contingency BI is also an important area to be considered in your insurance program, and it also covers the climate risk profile. [27:02] Deyna says, We have been using captive funding for the business resilience project. We do the business continuity planning stress test globally, and we also fund the climate risk project from the captive. [27:34] Deyna says, The most important thing is how to manage your employees' well-being. That's not just physical health; we are talking more about mental health. And to be frank, in certain areas, people already experience the climate risk impact, like heat, in the summertime. [27:52] Cummins has its International Employee Benefits Program in its captive, leveraging this program together with the climate risk management and working with HR, about how to better manage climate risk, with resiliency, in the future. [28:09] Deyna continues, talking about mental health support during disaster, emergency relocation, and making people, employees, and their families feel they are safe, working in a safe environment, and also that they don't need to worry about climate risk impact on operations. [28:20] Justin asks Deyna for words for young risk professionals coming up and organizations beginning to explore captives for climate risk financing. What are the misconceptions or blind spots that she sees? [29:44] Deyna says a blind spot about climate change is thinking that climate risk is too long-term for a captive and that captives are for managing whatever is coming up suddenly. In reality, floods, wildfires, and hurricanes are happening now and more frequently than before. [30:26] If we can model these types of risks for short-term, medium-term, and long-term retention strategies, that's important for captive or risk insurance for large companies to consider the future strategy. [30:41] The other thing Deyna hears is that captives only handle traditional reinsurance programs. Cummins uses the captive to fund risk insurance strategies or projects. Gathering climate risk data, building up the model, and cat modelling. [31:00] This also includes thinking about how to integrate this type of risk into risk financing and the insurance program. Cummins is managing it actively. [31:12] The other thing Deyna hears is that data is optional. So, especially for captive, everything is data-driven. [31:25] We have to do cat modelling, we have to make sure we buy the proper insurance program with proper premium payment, and also whether the retention level is appropriate for our site level, for captive, and for the overall program. So, data is the key, or data is the king. [32:00] Deyna says this touches employee safety, employee benefits, supply chain risk, and environmental liability. Lots of areas touch climate risk, not just the property program. [32:26] Deyna lists some suggestions. Build a holistic climate risk profile within the company, across all the global sites, that covers all the countries. Each company will change dramatically in climate risk. It must be data-driven. [33:01] To gather the data, find a proper partner to work with a reputable climate-risk expert to help you check legislative changes, access the hazard or cat modelling, and provide good climate risk data matching with those regulatory changes and compliance requirements. [33:24] Then support your thorough risk evaluation. That's the data part. [33:28] Then, on top of the data, build a good insurance management program, and leverage your captive to build the captive strategy relating to retention, the limit, and the parametrics, insurance program design, like parametric triggers. [33:45] In addition to the insurance program, you have the ERM, the Enterprise Risk Management, ESG reporting, and all the compliance relating to country requirements and state law requirements. [33:58] In Europe, it's CSRD. In the U.S., it's an SEC filing. So, there are lots of different regulatory requirements relating to this area. You want to make sure your data can support your reporting and then can be sustainable, year over year, not just a one-year data point. [34:15] Then, the other thing is the business continuity. Make sure that the good BCP management or integration, including climate risk, especially for all the high risks you are capturing, you should have really good operational resilience to face that. [34:33] Justin mentions that CSRD stands for Corporate Sustainability Reporting Directive, which sets the standard for how EU companies need to report on their sustainability work. He had to plug that in because there are so many abbreviations and acronyms in risk management. [34:53] Deyna's last point is to share the data internally with a cross-functional group, with internal stakeholders, including senior leadership reporting up to the CEO and COO level. [35:05] Share the data with the middle management team, global team, global leadership team, global management team, and then down to the site level. [35:15] All the parties need to work together to shape a holistic strategy around climate risk management. It's not just for risk insurance or captive only. [35:25] Justion says, Excellent. And so these are great tips for everybody. If you're thinking about launching a captive against your climate risk data profile, I think this is the way to go. [35:37] Justin says, Ms. Rumsey is your CEO, but before that, she was the Chief Operating Officer. So, you must have already had a good working relationship with her before she was promoted, right? [36:02] Deyna says, Yes. This is an important area, because we have not only climate risk, but also the whole risk relating to this area, managed by an environmental sustainability team. [36:16] They organize all the different functions, trying to achieve the goals, and then figure out all the different aspects of our operation and what we can do to meet our future goals. [36:27] This is long-term-driven. It's not like a five-year project; you get it done, and the project is completed. It's long-term. [36:35] Justin says, Ms. Rumsey had come on as COO in March of 2021. You and I first met, or at least recorded the RIMSCast episode, in May of 2021. [36:46] So right around that time, you were probably having higher-level discussions with her, and now you already had her ear, so I think that just speaks to the value of relationship building along the way. Would you agree? [36:58] Deyna says, We have the designated team internally managing this area, and we do connect through that lens, trying to gather the data a long, long time ago. [37:10] Justin says, But it's the sort of thing where, first of all, it's nice to see that people are promoted from within. I think that's a really great thing that Cummins did. [37:18] And second, the fact that you already had that line of communication, and it's not like you had to establish a new one with a new CEO. You already had that line of communication with somebody who was moving up into the role. [37:30] So, I think that speaks to Cummins's credit. I think it speaks to your credit and to your advantage, because you don't have to start from scratch and build that line. [37:40] Deyna acknowledges, Yes, it's super important. [37:44] Well, Dana, it has been such a pleasure to see you again, to record with you again here on RIMSCast. It's been almost five years, and we hope to see you at RISKWORLD. [38:00] Thank you once again for rejoining us, and hopefully, the next time I see you, it won't be five years in between. [38:06] Deyna says, Definitely. I love RIMS events, and all the conferences, the webinars, and even your podcast, so it's super good. [38:17] Justin says, Thank you so much. You're a wonderful guest. [38:20] Special thanks again to Deyna Feng for joining us here on RIMScast. Links to other RIMSCast episodes about captive insurance management are in this episode's show notes. [38:34] I've also got links to RIMS Risk Management Magazine articles about captives, as well as other RIMS resources, so check it out and go to the Risk Knowledge page of RIMS.org. [38:46] Plug Time! You can sponsor a RIMScast episode for this, our weekly show, or a dedicated episode. Links to sponsored episodes are in the show notes. [39:14] RIMScast has a global audience of risk and insurance professionals, legal professionals, students, business leaders, C-Suite executives, and more. Let's collaborate and help you reach them! Contact pd@rims.org for more information. [39:32] Become a RIMS member and get access to the tools, thought leadership, and network you need to succeed. Visit RIMS.org/membership or email membershipdept@RIMS.org for more information. [39:49] Risk Knowledge is the RIMS searchable content library that provides relevant information for today's risk professionals. Materials include RIMS executive reports, survey findings, contributed articles, industry research, benchmarking data, and more. [40:06] For the best reporting on the profession of risk management, read Risk Management Magazine at RMMagazine.com. It is written and published by the best minds in risk management. [40:21] Justin Smulison is the Business Content Manager at RIMS. Please remember to subscribe to RIMScast on your favorite podcasting app. You can email us at Content@RIMS.org. [40:32] Practice good risk management, stay safe, and thank you again for your continuous support!   Links: RIMS Risk Management Magazine: Year In Risk Edition | Feature Article RIMS-CRO Certificate Program In Advanced Enterprise Risk Management | April‒June 2026 Cohort | Led by James Lam RISKWORLD 2026 Registration — Open for exhibitors, members, and non-members! Reserve your booth at RISKWORLD 2026! The Strategic and Enterprise Risk Center RIMS Diversity Equity Inclusion Council RIMS Risk Management magazine | Contribute RIMS Now Spencer Educational Foundation Scholarships | Submission Deadline Jan. 31, 2026 RISK PAC | RIMS Advocacy RIMS-Certified Risk Management Professional (RIMS-CRMP) | Insights Series Featuring Joe Milan! Cummins Inc. Upcoming RIMS-CRMP Prep Virtual Workshops: RIMS-CRMP Exam PrepMarch 10‒11 | April 21‒22, 2026,  9:00 am‒4:00 pm EST, Virtual Full RIMS-CRMP Prep Course Schedule See the full calendar of RIMS Virtual Workshops "Managing Worker Compensation, Employer's Liability and Employment Practices in the US" | Jan. 21‒22, 2026 "Storytelling with Data for Risk Management" | Feb. 2‒3 "Applying and Integrating ERM" | Feb 4. "Facilitating Risk-Based Decision Making" | March 4‒5, 2026 Upcoming RIMS Webinars: RIMS.org/Webinars   Related RIMScast Episodes about Captive Management: "Broadcasting Captive Wisdom with James Swanke" "Risk Management Momentum with Lockton U.S. President Tim Ryan" "RIMS 2025 Risk Manager of the Year, Jennifer Pack" "Asian Pacific American Heritage Month 2021" (featuring Deyna Feng)   Sponsored RIMScast Episodes: "Secondary Perils, Major Risks: The New Face of Weather-Related Challenges" | Sponsored by AXA XL (New!) "The ART of Risk: Rethinking Risk Through Insight, Design, and Innovation" | Sponsored by Alliant "Mastering ERM: Leveraging Internal and External Risk Factors" | Sponsored by Diligent "Cyberrisk: Preparing Beyond 2025" | Sponsored by Alliant "The New Reality of Risk Engineering: From Code Compliance to Resilience" | Sponsored by AXA XL "Change Management: AI's Role in Loss Control and Property Insurance" | Sponsored by Global Risk Consultants, a TÜV SÜD Company "Demystifying Multinational Fronting Insurance Programs" | Sponsored by Zurich "Understanding Third-Party Litigation Funding" | Sponsored by Zurich "What Risk Managers Can Learn From School Shootings" | Sponsored by Merrill Herzog "Simplifying the Challenges of OSHA Recordkeeping" | Sponsored by Medcor "How Insurance Builds Resilience Against An Active Assailant Attack" | Sponsored by Merrill Herzog "Third-Party and Cyber Risk Management Tips" | Sponsored by Alliant   RIMS Publications, Content, and Links: RIMS Membership — Whether you are a new member or need to transition, be a part of the global risk management community! RIMS Virtual Workshops On-Demand Webinars RIMS-Certified Risk Management Professional (RIMS-CRMP) RISK PAC | RIMS Advocacy RIMS Strategic & Enterprise Risk Center RIMS-CRMP Stories — Featuring RIMS President Kristen Peed!   RIMS Events, Education, and Services: RIMS Risk Maturity Model®   Sponsor RIMScast: Contact sales@rims.org or pd@rims.org for more information.   Want to Learn More? Keep up with the podcast on RIMS.org, and listen on Spotify and Apple Podcasts.   Have a question or suggestion? Email: Content@rims.org.   Join the Conversation! Follow @RIMSorg on Facebook, Twitter, and LinkedIn.   About our guest: Deyna Feng, Director of Captive Programs, Cummins   Production and engineering provided by Podfly.  

The federal government shutdown is over, but Hawaii’s economy is still feeling the effects.Gov. Josh Green says between the shutdown, Trump’s tariffs, and the overall cuts to federal funding, the state is losing about $3 billion. He also addressed the Hawaii Public Utilities Commission’s approval of a 25.75% rate increase for Young Brothers, the state’s sole interisland cargo carrier. Aloha United Way is in our Community Spotlight. The nonprofit saw a surge in 211 calls from residents seeking support and resources during the federal government shutdown. Program manager King Zelee said most of the increased call volume centered around food security.See omnystudio.com/listener for privacy information.

The fallout from the federal government shutdown continues to chip away at federal funding for safety net programs designed to aid low-income Mass. residents.

With families struggling, some Democratic Utah lawmakers have called for a special session to tap the rainy-day fund for SNAP benefits. Senator Luz Escamilla explains what’s at stake and what comes next.

Stories we're following this morning at Progress Texas:Trump's choice to withhold SNAP food assistance payments resembles a forced starvation - in an armed conflict, that's a war crime, and in peacetime to force political outcomes, that's close to terrorism: https://www.lonestarleft.com/p/texas-house-democrats-form-committee...Gubernatorial candidate and State Rep. Gina Hinojosa is calling on Governor Greg Abbott to tap into Texas' Rainy Day Fund to keep Texas kids fed: https://x.com/GinaHinojosaTX/status/1983604948429332867Republicans hope the threat of widespread hunger will motivate Democrats to cave on ACA tax credits - if those expire, Texas will experience an outsized impact of premium increases: https://www.texastribune.org/2025/10/30/texas-aca-obamacare-health-insurance-open-enrollment/...As many as one million of the four million Texans using ACA would likely just drop health insurance altogether: https://www.houstonchronicle.com/business/columnists/tomlinson/article/texas-health-insurance-aca-shutdown-21116950.phpNew UT/Texas Politics Project polling shows inflation and healthcare costs at the top of Texans' worries, while many point to bad elected leadership as the cause: https://www.kxan.com/news/texas-politics/texans-discouraged-about-economy-skeptical-of-leaders-new-polling-says/In a bad omen for outcomes in El Paso, a panel of judges has upheld the mid-decade gerrymander of Tarrant County's county commissioner map: https://www.democracydocket.com/news-alerts/appeals-court-upholds-texas-countys-gop-gerrymander/We're excited to see YOU at one (or both!) of our 2025 Holiday Parties this December in Austin and Dallas - for the first time, featuring live podcast tapings! Tickets and sponsorship opportunities are available now: ⁠⁠⁠⁠https://act.progresstexas.org/a/progress-texas-holiday-parties-2025⁠⁠⁠⁠Check out our 2025 Texas Statewide Voting Guide, including a link at the bottom for a printable version you CAN take with you to the polls: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://progresstexas.org/blog/2025-texas-statewide-ballot-guide⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Thanks for listening! Our monthly donors form the backbone of our funding, and if you're a regular, we'd like to invite you to join the team! Find our web store and other ways to support our important work at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://progresstexas.org⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

As November gets closer and closer Gov. Maura Healey has continued her propaganda tour to blame President Trump for the snap program losing funding, because of the shutdown. Maura could fund it with the rainy day fund, like other states have done.  Visit the Howie Carr Radio Network website to access columns, podcasts, and other exclusive content.

President Trump just announced he’s reached a trade deal with the European Union. Speaker Johnson trying to set the record straight regarding Epstein. Israel is the first country in the history of the world to drop humanitarian aid into enemy territory right smack in the middle of a war. Trump rebates. Canadian Musician Cancelled by Canadian government. Fountain Square "Skid Row" to be closed. Indianapolis Pizza Fest, 5 Shot on Indy’s Northeast Side; 2nd Indy Mass Shooting in July. Diego Morales' Office Responds. Star War and Star Trek Collection. Trump rails against windmills, Big win against the EU, The 401(k) Has Become America’s Rainy-Day Fund. Soundboard fun with Tara Hastings, At century mark, Footlite venue seeks support for repairs. Indianapolis will be one of five regional hubs as part of the U.S. Department of Agriculture, USDA officials announced on Thursday. Trump announces he will reduce the 50-day ultimatum he gave Russia before applying secondary sanctions because he has been disappointed by Putin. . Check out this senior parking space! Rashida Tlaib smacking a cafeteria steam tray See omnystudio.com/listener for privacy information.

State Comptroller Susana Mendoza joined Springfield's Morning News to react to the state budget, reducing contributions to the state's rainy day fund, and her political future. See omnystudio.com/listener for privacy information.

Ongoing talks about the future of the Colorado River often focus on who should get how much of its water. The argument for setting some of that water aside. And, a humor writer reflects on a lifetime of not taking life seriously.

Gov. Hochul and legislative leaders are taking $8 billion from reserves as part of the New York state budget deal. Plus, New York City's Park Commissioner Sue Donoghue is stepping down later this month. Also, city council members in Summit, New Jersey have been considering a contentious law that would allow police to arrest homeless people camping in public places. And finally, a special thanks to all teachers on National Teacher Appreciation Day.

This Day in Maine for Tuesday, April 15, 2025.

Send us a textWhen neighbors felt the walls of their Chicago apartment growing hot on a summer night in 2018, they knew something was terribly wrong. Behind those walls, 38-year-old bartender and mother of three T'Anda Hall lay beaten and dying as flames began consuming her bedroom — the tragic culmination of what had started as a friendly card game hours earlier.T'Anda had recently met Wes Arnold, a man whose violent history remained hidden from her until it was too late. Friends who'd been playing cards with them that evening described Arnold growing increasingly agitated, particularly when money from T'Anda's "Rainy Day Fund" went missing. Sensing danger, they left. Minutes later, neighbors heard running footsteps down the stairwell.The investigation revealed a pattern all too familiar in cases of domestic violence. Arnold, on parole for battery at the time, had an extensive history of abusing women — so severe that even his own family refused to shelter him. Security footage, witness testimony, and forensic evidence painted a clear picture of what happened after T'Anda's friends departed: a brutal beating followed by arson meant to cover his tracks. Most disturbing was the medical examiner's finding that T'Anda had smoke in her lungs, meaning she was still alive when Arnold set the fire.While evading capture, Arnold's violence continued. He assaulted another woman who had briefly given him shelter, leaving her with 17 stitches. This pattern of escalating violence ultimately led to his conviction and life sentence plus 50 years for arson.T'Anda's story serves as a haunting reminder of how quickly violence can escalate and the importance of recognizing warning signs in potentially dangerous relationships. Through our exploration of this case, we honor her memory while examining the factors that led to this preventable tragedy.Have you witnessed warning signs in a friend's relationship? Sharing your story might help others recognize dangerous situations before they escalate. This week, we enjoyed a delicious selection from Robert Clay Vineyards. The 2017 Texas Hill Country Ruby Cabernet is a mellow, long-aged wine with unique aromas and flavors of maple, brown sugar and vanilla bean, but bone dry and medium bodied with rounded tannins. Absolutely phenomenal.Magic Mind

More Americans are breaking into their 401(k) accounts to help with financial emergencies. Wall Street Journal reporter Anne Tergesen joins host Julia Carpenter to discuss the uptick in hardship withdrawals and what you should know before taking one.  Sign up for the WSJ's free Markets A.M. newsletter.  Learn more about your ad choices. Visit megaphone.fm/adchoices

With mortgage rates decreasing for various loan types, potential homebuyers might find more favorable conditions for purchasing and current homeowners should carefully evaluate their circumstances. Today's Stocks & Topics: TTD - Trade Desk Inc. Cl A, CRWD - CrowdStrike Holdings Inc. Cl A, Market Wrap, Mortgage Rates Fall: Should You Buy or Refinance, VZ - Verizon Communications Inc., T - MUST-Mobile US Inc., T - AT&T Inc., Sectors, Key Benchmark Numbers: Treasury Yields, Gold, Silver, Oil and Gasoline, EQT - EQT Corp., 401k as a Rainy-Day Fund, VGK - Vanguard FTSE Europe ETF, GPRK - GeoPark Ltd., Department of Government Efficiency – DOGE.Our Sponsors:* Check out Kinsta: https://kinsta.com* Check out ShipStation: https://shipstation.com/INVEST* Check out Trust & Will: https://trustandwill.com/INVESTAdvertising Inquiries: https://redcircle.com/brands

Paul Lane and Marc Fandetti preview the upcoming February jobs report. Why will tariffs on Canada make housing much more expensive in New England? Are Americans relying too much on their 401(k) for savings? Are egg companies using real world problems to justify price hikes? Home Depot turns to AI to answer questions for customers.

Court Welty and Blake Burns with Intrana tell me why they are apprehensive about Texas using part of The Rainy Day Fund to invest in crypto.PLUS - Pastor Tommy Hayes and his mission work and upcoming fund raiser. More Info HERE

01:00 NR: Why Did California Cut Fire Prevention Spending While Keeping a Rainy-Day Fund?, https://www.nationalreview.com/the-morning-jolt/why-did-california-cut-fire-prevention-spending-while-keeping-a-rainy-day-fund/ 12:15 The FBI is terrible at background checks, https://www.youtube.com/watch?v=RtgtSNMGBt0 14:50 Jonathan Haidt is wrong about morality | Prof Kurt Gray, https://www.aporiamagazine.com/p/jonathan-haidt-is-wrong-about-morality 19:00 Alpha: Eddie Gallagher and the War for the Soul of the Navy SEALs, https://lukeford.net/blog/?p=158567 25:00 Jonathan Haidt is wrong about morality | Prof Kurt Gray, https://www.aporiamagazine.com/p/jonathan-haidt-is-wrong-about-morality?utm_source=publication-search 29:00 Best way to survive a fire is to be connected to your neighbors and to have resources (financial, social, emotional, purpose). I volunteer so I have a visceral sense of people depending on me. 30:00 The Anti-Social Century by Derek Thompson, https://www.theatlantic.com/magazine/archive/2025/02/american-loneliness-personality-politics/681091/ 34:00 I was thinking about publishing my love poems 51:00 Japanese TV show Extremely Inappropriate, https://www.nytimes.com/2024/05/29/world/asia/japan-extremely-inappropriate.html 1:20:00 I worked for a year in Australia after I graduated high school in June 1984, https://www.lukeford.net/luke_ford/bio/l3.html 1:38:50 Kip joins to talk about short-term memory 1:50:00 The advantages of elite universities 2:18:00 LA Fire Truths and Lies with Hotshot Director, https://www.carousel.blog/p/la-fire-truths-and-lies-with-hotshot 2:30:00 California Burning: The Fall of Pacific Gas and Electric--and What It Means for America's Power Grid, https://www.amazon.com/California-Burning-Pacific-Electric-Americas/dp/059333065X 2:31:00 California Burning author Katherine Blunt, https://www.youtube.com/watch?v=xOyjOewSPqc 2:48:30 Just as I am 3:01:00 The MICE Method: How the CIA Persuades People to Betray Their Country, https://spyauthor.medium.com/the-mice-method-how-the-cia-persuades-people-to-betray-their-country-0bdb9094103b 3:05:45 Nathan Cofnas talks to Nicholas Wade about group differences, lab leak theory, https://ncofnas.com/p/talking-about-race-differences-with 3:20:00 Lab leak theory 4:07:10 DTG Christmas Quiz 2024 with Helen Lewis, https://decoding-the-gurus.captivate.fm/episode/dtg-christmas-quiz-2024-with-helen-lewis-badstats 4:24:50 Noah Rothman joins Hugh to talk about California's Chernobyl, https://www.youtube.com/watch?v=YPKuObXvxKo 4:29:20 Evaluating Pete Hegseth's senate performance 4:40:00 The Theory of Dyadic Morality: Reinventing Moral Judgment by Redefining Harm, https://journals.sagepub.com/doi/full/10.1177/1088868317698288

Vince did the math, and we're talking north of $4 billion of statewide school referendum on the ballot tomorrow. Speaking of what's on the ballot, Adam Roberts has his final series in 'What's on my Ballot?' We honor a legendary producer who passed away, and of course get you prepared for Election Day tomorrow!

This episode is presented by Create A Video – North Carolina lawmakers convened in Raleigh for a special session today and announced $273 million of relief funding to come from the state's "Rainy Day Fund." The General Assembly will re-convene in about 2 weeks to consider additional funding. WBT's relief & recovery links: How to Help: Donate to Support Recovery Efforts in Western North Carolina After Tropical Storm Helene A Western NC disaster relief agency: Hearts With Hands Help Pete's team in the Walk to End Alzheimer's by going here. Subscribe to the podcast at: https://ThePeteKalinerShow.com/  All the links to Pete's Prep are free: https://patreon.com/petekalinershow  Advertising inquiries: Pete@ThePeteKalinerShow.com  Get exclusive content here!: https://thepetekalinershow.com/See omnystudio.com/listener for privacy information.

Rather than put all the spare cash in a 'future proof' fund, should the Finance Minister simply recognise the future is here, right now?Deviance has been normalised. Bicycle sheds with golden roofs: a parable about quality versus quantity of government spending Become a member at https://plus.acast.com/s/the-other-hand-with-jim.power-and-chris.johns. Hosted on Acast. See acast.com/privacy for more information.

 In the episode, Mike Williams, founder of Carnegie Search, joins the Sparking Success podcast to discuss the challenges of growing a recruiting business. They talk about the importance of setting realistic goals and not sacrificing excellence for rapid growth. Mike shares his strategy of focusing on developing his team and maintaining a high level of service rather than just expanding the size of his firm. They also discuss the potential of adding temporary staffing to their services and the financial considerations of growing a business. In this conversation, Mike and Sparking Success discuss various topics related to growing a business, including managing finances, building equity, taking risks, and the importance of having a solid financial foundation. They share personal experiences and insights on how to make smart financial decisions, set up rainy day funds, and invest in the future. They also emphasize the need for balance and being present in both personal and professional life.TakeawaysSetting realistic goals and focusing on excellence is more important than rapid growthDeveloping a strong team and maintaining a high level of service is crucial for long-term successAdding temporary staffing can be a strategic move for business expansionFinancial considerations, such as tax planning and equity building, are important for sustainable growth Managing finances and building equity are crucial for business growth and financial stability.Having a solid financial foundation allows for more flexibility and the ability to take calculated risks.Setting up a rainy day fund and making smart investments can provide a safety net during challenging times.Balancing personal and professional life is important for overall well-being and success.Being present and making intentional financial decisions based on long-term goals is key to sustainable growth.Chapters00:00 Introduction and Personal Connection03:18 Introducing Mike Williams and His Business08:19 Setting Realistic Goals and Balancing Growth11:09 Prioritizing and Managing Growth23:26 On-the-Hip Training and Team Development25:17 Exploring the Potential of Temporary Staffing29:32 Financial Considerations for Business Growth32:55 Managing Finances and Building Equity36:14 Balancing Personal and Professional Life

If you're: -Struggling financially -Living paycheck to paycheck -Stressed out & credit cards are maxed out -Losing sleep because you're worried about whether or not you're going to be able to pay your bills... Watch the Coins, Cashflow, & Conversations Podcast with Dakota Grady. Have you ever dealt with car theft? Well, Dakota Grady has! Today, Dakota talks about his experience of having his car stolen on 5/1/2024 and the importance of having a Rainy Day Fund. *The Coins, Cashflow, & Conversations Podcast is sponsored and brought to you by Upstate Essential Solutions, LLC!*

In our opening chatter we talk about how our week has been. What's on Our Timeline? We came across this on our timeline via power credit consultants: women are saving their own money, some of their husband's money and their joint money and they're calling it escape money. Let's Talk Through It Our first friend makes significantly more money than her fiance, and did not feel obligated to tell him how much she makes. They discussed purchasing their first home together and after getting married she doesn't want him to bank on her income to contribute to half of the bills. Our other friend is a male listener who said he and his wife struggled after his furlough from work and the pandemic. This was until his wife revealed her sizeable rainy day fund. Since then, he started his own rainy day fund and has put away a pretty good amount but doesn't know if and how he should tell his wife. Pray! Work! Slay! And Show Off Your Melanated Excellence!

Check us out on this weeks episode of The Triple Dose podcast where we dive in to tipping culture, adulting too much, and saving coins for a rain day fund. Don't forget to follow us on IG and Twitter @Tripledosepod  and share us with your fam!

Nate Benefield, Senior VP at the Commonwealth Foundation joins Dawn LIVE! Nate expands on the recent Commonwealth report expanding on the Shapiro budget, and the deficit that PA residents could face long after Gov. Shapiro's stint as Governor...  From the report: Gov. Josh Shapiro proposed a $48.3 billion 2024–25 General Fund budget, a $3 billion or 7.1 percent spending increase compared to last year's ongoing general fund spending.The proposal overestimates revenue growth and underestimates spending growth compared to projections from the Pennsylvania Independent Fiscal Office (IFO), meaning deficits under Shapiro's plan may be even higher than projected.Shapiro's budget would balloon the structural deficit to more than $6 billion. His proposed series of startling increases and new initiatives would empty Pennsylvania's checking account and illegally raid the Rainy Day Fund, necessitating a tax hike of more than $2,000 per family of four.Pennsylvania's aging population and the persistent, troubling outmigration of its working-age residents present long-term budgetary challenges for policymakers. Shapiro's budget, as proposed, fails to address our economic competitiveness, exacerbating these trends. Nathan (Nate) Benefield is the Senior Vice President at the Commonwealth Foundation.An Ohio native, Nate holds an undergraduate degree in political science and economics and a master's degree in public service management from DePaul University in Chicago. He also completed his doctoral studies (ABD) in political science at Loyola University, also in Chicago. Nate joined the Commonwealth Foundation in 2005. Now as senior vice president, he provides strategic leadership as well as operational oversight spanning policy analysis, government relations, marketing, and communications. Tune in 10 AM - 12 PM EST weekdays on Talk Radio 1210 WPHT; or on the Audacy app!

NATE BENEFIELD JOINS DAWN LIVENate Benefield is ready to break down the consequences of a raid on the Rainy Day Fund, and what that would mean for PA. WHAT THEY'RE SAYING…State Law, Financial Experts, and the Governor Himself Condemn Budget Plan to Raid Rainy Day FundA depleted Rainy Day Fund would leave Pennsylvania vulnerable. Nathan (Nate) Benefield is the Senior Vice President at the Commonwealth Foundation.An Ohio native, Nate holds an undergraduate degree in political science and economics and a master's degree in public service management from DePaul University in Chicago. He also completed his doctoral studies (ABD) in political science at Loyola University, also in Chicago. Nate joined the Commonwealth Foundation in 2005. Now as senior vice president, he provides strategic leadership as well as operational oversight spanning policy analysis, government relations, marketing, and communications. Read more on their website - The Commonwealth Foundation Tune in 10 AM - 12 PM EST weekdays on Talk Radio 1210 WPHT: or on the Audacy app!

Are you looking to build financial freedom?  Do you want to be the financial inflection point in your family? Are you ready to make the shift from generational income to building generational wealth? This episode is for you.  Listen in as Dr. Stephen interviews one of his financial advisors, Justin Maxwell of Big Life Financial.The financial foundational five:How to set up your cash flow systemHow to optimize your student loan repaymentThe practice debt solutionAvoiding “death by a thousand cuts” with unnecessary feesThe highest and best (and safest) use of your investment dollarsEpisode Highlights01:37 - The need for specific wealth-building strategies for chiropractors, particularly for new doctors and those looking to grow their practices.05:47 - The importance of setting up a cash flow system early on to avoid overspending and miss out on the compound effect of investing08:10 - Setting up a “Rainy Day Fund” is an investment in peace of mind and is foundational to the beginning of the financial journey.14:25 - The value of automaticity in making financial decisions, so they become second nature and don't require constant decision-making.18:45 - Prioritize debt reduction and develop the "muscles of abundance" to attract clients and create a successful business.21:45 - Capturing wealth through businesses delivering value, not just increasing revenue.23:12 - Tax strategy should be seen as a holistic approach throughout the career, not just a yearly reactionary measure.27:33 - Save money by having a team member scrutinize expenses and find areas for cost-cutting.33:26 - The value of taking risks and enduring challenges to reap the benefits of business ownership, including strategic tactics and belief systems. Resources MentionedTo learn more about the REM CEO Program, please visit:  http://www.theremarkablepractice.com/rem-ceoBuild your dream team with Chiro Match Makers. Learn more at https://chiromatchmakers.com/Schedule a Brainstorming call with Dr. PeteDr. Stephen's LinkedInDr. Peter's LinkedInThe Remarkable CEO WebsiteDr. Stephen's Book – The Remarkable Practice: The Definitive Guide to Build a Thriving Chiropractic Business

With their dairy farm at the epicenter of the worst drought in over a century, the Vergin family adapts through diversification, flexibility, and making deposits in the soil bank. More Information • LSP’s Soil Health & Grazing Web Page • LSP Farm Transition Profile on the Vergin Family: A High-Value Apprenticeship You can find LSP Ear…  Read More → Source

Prioritizing profit and paying yourself as the business owner is essential for sustainable growth. By taking regular owner's draws and building a rainy day fund, you protect yourself and your business from unforeseen circumstances.In this episode, Jordan West and Cyndi Thomason, Bookskeep discuss the importance of cash flow management, the concept of Parkinson's Law, and why prioritizing profit is crucial for the success of your business. They also talk about the challenges faced when it came to inventory management.Listen and learn in this episode!Key takeaways from this episode:Goals of Profit First: paying ourselves, generating profit, taking care of tax obligations, and managing what's left for running the businessSegregating money for specific purposes to have a clear understanding of available fundsUtilizing Parkinson's Law in Profit First to allocate funds for different purposesUnderstanding the impact of inventory cash flow on business financesProfit First helps business owners prioritize their own financial well-being and ensure the business serves their goals.It is important to build a rainy day fund and be prepared for unforeseen circumstances.Recommended Podcast/Audiobook:Buoyant Audiobook: https://www.audible.ca/pd/Buoyant-Audiobook/B0B75W36RHRecommended App/Tool:A2X Accounting: https://www.a2xaccounting.com/Quickbooks: https://quickbooks.intuit.com/Xero: https://www.xero.com/Today's Guest:Cyndi Thomason, President, Bookskeep is a best-selling author and thought leader in ecommerce accounting and mom entrepreneurship. Using the Profit First method she designed specifically for the ecommerce industry, Cyndi and her team coach ecommerce business leaders so they can create a business that allows them to enjoy financial freedom through permanent profitability. Cyndi and her team understand the unique challenges of the ecommerce industry, and their mission is to enable ecommerce businesses to understand their cash flow and become profitable faster. Through a variety of programs and services, Cyndi and the bookskeep team help online businesses go from struggling to thriving and beyond.Connect and learn more about Cyndi and Bookskeep:Website: https://www.bookskeep.com/LinkedIn: https://www.linkedin.com/in/cyndithomason/Twitter: https://twitter.com/imcyndithomasonGet 5 Offers for 2 Products (10 in total) along with 10 highly engaging tried and true creatives, 30 captivating headlines, descriptions, and ad texts sent to you for only $99. Go to https://www.upgrowthcommerce.com/offer and order now - this offer is only available for a limited time.We love our podcast community and listeners so much that we have decided to offer a free eCommerce Growth Plan for your brand! To learn more and how we can help, click here: upgrowthcommerce.com/grow Join our community and connect with other eCommerce brand owners and marketers! https://www.facebook.com/groups/secretstoscalingpodcast

This Day in Maine for Thursday, August 17th, 2023.

“Who in their right mind has $1,000 just sitting in a savings account!?” That's what I thought when I first started Baby Step 1– back in the Dave Ramsey days– when I had $0 in savings. Fast forward to today: I'm bringing you this episode all about emergency funds and why you probably need more than $1k. And good news… I have $20k in savings now. Let me educate you all about why you need an emergency fund to begin with, how much to keep in it (hint: it's personal to you and your situation), where the heck to keep it, and more! In this episode, you'll learn more about: How much you should have in your emergency fund Hoarding cash in an emergency fund + breaking scarcity mindsets The importance of having a sufficient emergency fund for your lifestyle What to do if you feel guilt around spending your emergency fund money – even when it's actually an emergency + more MENTIONED IN THE EPISODE: The Fed - Dealing with Unexpected ExpensesFederal Reserve Board Ally HYSA WHAT FINANCIAL TRAUMA IS, SIGNS YOU MAY BE EXPERIENCING IT + HOW TO RECOVER FROM PAST MONEY WOUNDS PAST EPISODES YOU'LL ENJOY: WHAT FINANCIAL TRAUMA IS, SIGNS YOU MAY BE EXPERIENCING IT + HOW TO RECOVER FROM PAST MONEY WOUNDS 5 MONEY CHOICES THAT HAVE CHANGED MY LIFE WHAT TO DO ON PAYDAY ASSUL RESOURCES: 1:1 Coaching With Sami: Apply today Instagram: Follow me on the ‘gram  Facebook: Follow me on Facebook The Sunny Sqad: Join the VIP Facebook Group SHOW INFORMATION:  A Sunny Side Up Life Podcast is a show for women who are ready to live an abundant life full of freedom + positivity. Sami Womack, nationally recognized money expert and finance coach guides listeners toward breaking free from survival mode, gaining financial freedom, staying motivated, and focusing on what matters most. Learn more at: https://www.asunnysideuplife.com     HOST BIO:  Sami Womack is the brains behind A Sunny Side Up Life. Her weekly podcast has been downloaded over 250,000 times, and her story has been featured on YNAB, Debt.com, The Purpose Show with Allie Casazza, and The His & Her Money Show. When she's not downing caramel coffee or homeschooling her daughters, she's creating content, collaborating with finance/minimalist organizations, and inspiring women all over the world to live an intentional life. She began this journey with her high school sweetheart, Daniel, and a debt price tag of $490,000. They both took control of their family's finances by downsizing, budgeting, and changing habits. From this experience, A Sunny Side Up Life was born. Today, Sami owns this business helping women get through dark times and experience the life-altering magic of intentional living. DISCLAIMER(S): This show may contain affiliate links or links from our advertisers where I earn a commission or direct payment. Opinions are the creators alone. Information shared on this podcast is for entertainment purposes only and should not be considered as professional advice. CREDITS: Podcast production: Weir Digital Marketing Research: Sami Womack + Vee Weir Editing: Joseph Bogumill  

California's budget deficit continues to grow, and state lawmakers have less than a month to cut a deal with Governor Newsom on how to erase it. The governor's revised budget reveals the state went from a 97 billion dollar surplus exactly a year ago, to more than 31 billion dollars in the red now. The governor is not projecting a recession just yet, unlike some economists, so he's not ready to tap into the state's Rainy Day Fund, which is still there just in case this deficit gets even larger. And he says he will not support raising taxes, which some Democrats in Sacramento want to do, especially on the Assembly side. But he and the legislature don't necessarily see eye to eye on what to cut and where to spend. For more, Brett, Patti, and Doug spoke with State Assemblyman Phil Ting of San Francisco, the Democrat who chairs the Assembly Budget Committee.

Seattle Public Schools leaders unveiled their most detailed plan yet to stabilize the district's precarious financial situation, including a $131 million budget gap next year.

The news of Texas covered today includes:Our Lone Star story of the day: There's a new twist from the Left on school choice that would make the most shameless Soviet propagandist proud.Dirty books in our public schools; armed security at every Texas public school campus, and; the fight to protect Texas children from the abusive “trans” sexual movement – it's all in today's look at the 88th session of the Texas Legislature.Our Lone Star story of the day is sponsored by Allied Compliance Services providing the best service in DOT, business and personal drug and alcohol testing since 1995.Anti-Wimp: As gun jams, food truck cook, grandmother, ends man's crime career.Texas' Rainy Day Fund might reach it's cap if projections hold up. All that means is that we need to save more because, due to inflation, the dollar is actually worth less.And, other news of Texas.Listen on the radio, or station stream, at 5pm Central. Click for our radio and streaming affiliates.www.PrattonTexas.com

‘Tis the season to be jolly! It's tax refund season for most people. Want to learn my top 6 Ways to make your tax refund work for you in 2023? Then tune in to this episode! Notes: In this episode Luis talks about: Different types of accounts to make your money work for you Credit card payment strategies Different types of investment accounts  Protecting Your Family Investing in Yourself Resources: Download the 3 Fundamental “Money Moves” to Make Before Turning 45 The BLX Internship Program Learn About Series I Savings Bonds Learn About 529 Plans Luis' LinkedIN Luis' Twitter Luis' IG On My Way to Wealth YouTube Channel  

It's one of the best tools for our mental health - financial security. Here's why and how LGBTQ+ people can build a rainy day fund. Get more info/data from The Motley Fool/Debt Free Guys LGBTQ+ Money Study. For the resources and to connect with our guests, get the show notes at: https://queermoneypodcast.com/subscribe  Follow us: Queer Money Instagram Queer Money YouTube Queer Money Twitter Queer Money on Tiktok

How do you start becoming financially independent in your twenties?In this episode, certified financial planner Elizabeth Pennington breaks down five essential financial goals, including savings, credit, and retirement planning, along with other best practices to start planning a healthy relationship with money in your twenties. Full transcript and show notes at tiredtwentiespod.comShow notes:Check out Elizabeth Pennington, CFP and her team's work on www.fearlessfinance.com, or @fearlessfinance on IG, FB, Twitter. Read Broke Millennial by Erin Lowry or Get Money by Kristin Wong, recommendations by Elizabeth.“Individual Retirement Account (IRA)” by The Investopedia Team, Investopedia “Rainy Day Fund vs. Emergency Fund – Do You Need Both?” by Rachel Morgan Cautero, The Balance“How Much is TOO MUCH Credit Card Debt?” by Lori Atwood, Fearless Finance“Majority of Americans Say Parents Are Doing Too Much for Their Young Adult Children” by Amanda Barroso, Kim Parker, and Richard Fry via Pew Research Center“Most Americans think young adults should be financially independent by 22—but only 24% are” by Alicia Adamczyk via CNBC Make ItSubscribe to my newsletter to get updates and behind the scenes on the podcast by clicking here or going to tiredtwenties.substack.com.Follow and DM me:Tik Tok or Instagram: @tiredtwentiespodTwitter: @tiredtwentiesDonate to the podcast by clicking here or by going to buymeacoffee.com/tiredtwenties.Don't miss our last episode on ending toxic hustle culture here.More about Elizabeth Pennington, CFP:Elizabeth Pennington is a CERTIFIED FINANCIAL PLANNER™ with Fearless Finance, which offers fee-only, hourly financial advice virtually to clients around the U.S. After starting a policy career in Washington, DC, Elizabeth initially struggled with her own finances and had to learn how to manage her money. As she started her financial journey, she realized that she wanted to work to make financial advice accessible to everyone - not just people who were already wealthy. She switched careers and joined Fearless Finance in 2019. Elizabeth specializes in working with young professionals to help them start financially strong and meet their goals.Elizabeth is originally from Iowa, and she currently lives in the Cleveland, Ohio area with her dog, Wallace, and cats, Norman, Demon, and Smokey.  Elizabeth also volunteers  to help women seeking higher education, including UStrive mentoring and the Philanthropic Educational Organization.

On this episode: Welcome to another content-packed Thursday! This week, Roderick & Cari start off continuing reviews from last week, detailing full length listens to Beyoncé & Wiz Khalifa's new albums, as well as talking new music by DJ Khaled and NBA YoungBoy. Into news, the crew talks Kodak Black's Atlantic Records contract, Barack Obama's summer playlist, YEEZY Day gone wrong, Drake postponing the Young Money reunion performance, Blueface, Will Smith & Chris Rock, Tiger Woods, Iman Shumpert + so much more.     Intro: Chance The Rapper- Blessings (ft. Ty Dolla $ign, Raury & BJ The Chicago Kid)   Roderick | Tory Lanez- I LIKE   Cari | Jay 305- When You Say (ft. Omarion)     Subscribe to Apple Music now to hear all of the new albums & tracks we discuss: https://apple.co/3NgdXW

What are you going to do if you have an unexpected large veterinary bill? Ellie's Rainy Day Fund helps sick or injured pets get the needed treatment from their veterinarians.

4PM - Todd Meyer on Rainy Day Fund vs. Slush Fund // Congress to Hold First Open Hearing About UFOs in 50 Years // How Many Friends Do You Really Need? // Man dies of heart attack while burying girlfriend he killed See omnystudio.com/listener for privacy information.

6PM - Todd Meyer on Rainy Day Fund vs. Slush Fund // Congress to Hold First Open Hearing About UFOs in 50 Years // Child marathon runner's parents investigated // Broadway star tells woman to get out, over mask See omnystudio.com/listener for privacy information.