Podcasts about smi

Erhebungen zur Wirtschaftstätigkeit aus den letzten Wochen zeigen, dass sich die chinesische Wirtschaft verlangsamt. Gemäss Korrespondent Lukas Messmer ist China trotz der schlechten Wirtschaftslage insbesondere in strategisch wichtigen Industrien wie Elektroautos so innovativ wie noch nie. SMI +0.1%

November closed with markets focused on hopes of a Fed rate cut, which overshadowed fears of an AI bubble. The S&P 500 made strong gains in a holiday-shortened week, while technology lagged, leaving the Nasdaq down in November for the first time after seven months of gains. European equities ended the month slightly higher, supported by the strong outperformance of Switzerland's SMI last week. Silver is hitting new highs, while gold is also climbing. In Asia, Chinese PMI data disappointed, while India stood out with 8.2% GDP growth in the third quarter. The head of Japan's central bank hinted at a rate rise during a speech on Monday. Mensur Pocinci, Head of Technical Analysis Research, shares his views on the USD, precious metals, and his outlook for US equities.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:28) - Markets wrap-up: Mike Rauber, Product & Investment Content (06:31) - Technical Analysis update: Mensur Pocinci, Head of Technical Analysis (09:51) - Closing remarks: Helen Freer, Product & Investment Content Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.

Die Aktien zahlreicher internationaler Pharma-Konzerne haben im November markant zugelegt. Tech-Titel haben derweil teils zweistellig verloren. Laut Matthias Geissbühler, Anlagechef bei Raiffeisen, werden Anlegerinnen und Anleger zunehmend kritisch, wenn es um künstliche Intelligenz geht. SMI +0.0%

Recorded November 24th, 2025. An evening of celebration as we award the Research Ireland - Harrison Medal to Philip V. Bohlman. Following the presentation of the medal, Bohlman will deliver the 2025 Harrison Lecture, "On Goodness". About the Research Ireland - Harrison Medal In 2004 the Harrison Medal was inaugurated by the Society for Musicology in Ireland in honour of Frank Llewellyn Harrison (1905–1987), the Irish musicologist who made a seminal contribution to the study of medieval music (especially music in medieval Britain) and to the study of ethnomusicology. Harrison held positions in Canada and the United States before being appointed to a Lectureship in Music at Oxford in 1952; he was appointed Reader in the History of Music there in 1962. Harrison subsequently became Professor of Ethnomusicology at the University of Amsterdam in 1970. A detailed account of his career and publications by Robin Elliott is available in EMIR, Vol. 1, pp. 469–471. In 2018 the award was renamed the Irish Research Council - Harrison Medal in recognition of the longstanding contribution towards the funding of the award by the Irish Research Council (IRC). After the IRC had been incorporated into Taighde Éireann / Research Ireland in 2024 the name was adapted to Research Ireland - Harrison Medal. The SMI gratefully acknowledges the support of both the IRC and Taighde Éireann / Research Ireland. The Medal is awarded by the President and Council of the SMI to recognize outstanding achievements and excellence in research in musicology. Learn more at www.tcd.ie/trinitylongroomhub

Der Preis für ein Pfund Rinderhack in den USA ist im letzten Jahr um 12 Prozent gestiegen. Fleischverarbeiter nutzen ihre Preissetzungsmacht in der Lieferkette aus, so Bill Bullard, Vorstand des US-Rindzüchterverbands. Auch Präsident Trump sind die hohen Preise ein Dorn im Auge. SMI +0.1%

Wegen der schwierigen wirtschaftlichen Lage sehen sich deutsche Konzerne zum Abbau zahlreicher Stellen gezwungen. Laut dem deutschen Handelsblatt summierten sich die Restrukturierungskosten der DAX-Unternehmen seit Anfang 2024 auf rund 16 Milliarden Euro und belasten die Gewinne. Dennoch konnte der deutsche Leitindex seitdem stark zulegen. SMI +0.4%

El Consejo de Ministros da el primer paso para nombrar a Teresa Peramato Martín como nueva Fiscal General del Estado, tras la inhabilitación de Álvaro García Ortiz. El gobierno alaba la trayectoria de Peramato, mientras el PP critica el uso partidista de la Fiscalía. La situación genera un debate sobre la independencia judicial y la separación de poderes. Expertos como Faustino Martínez y Teresa Freixes advierten sobre el "estado preocupante" y el "incumplimiento sistémico" de la separación de poderes en España, con riesgos de intervenciones europeas. Bruselas también constata que España no ha presentado sus presupuestos para el próximo año. En otras noticias, los sindicatos piden un aumento del 7.5% del SMI. Telefónica anuncia un ERE que afecta al 24% de su plantilla en España. La economía española muestra desequilibrios, con un bajo crecimiento del ingreso per cápita y un aumento del gasto en pensiones, fomentando el interés en planes de pensiones privados. Las próximas Navidades ...

Die Privatbank EFG mit Sitz in Zürich profitiert davon, dass wohlhabende Personen ihr Geld nach wie vor gern in die Schweiz bringen. Damit der Bankenplatz Schweiz auch künftig attraktiv bleibt, benötigt es gemäss EFG-Konzernchef Giorgio Pradelli eine massvolle Regulierung, im Wissen, dass die Schweiz in Konkurrenz zu anderen Finanzzentren steht. SMI +0.9%

En este episodio de La Lupa, Laura Blanco habla sobre la confianza de los estadounidenses, la subida del SMI y el ERE de Telefónica

Bereits Anfang Jahr verbuchte Julius Bär einen grossen Abschreiber auf Immobilienkredite. Nun kommen weitere 150 Millionen Franken dazu. Heute sagt CEO Stefan Bollinger, die Überprüfung des Kreditrisikos sei nun abgeschlossen und man könne die alten Kreditprobleme abschliessen. Der Kampf um das Anlegervertrauen geht jedoch weiter. SMI +0.2%

Japans neue Ministerpräsidentin Takaichi will die Wirtschaft mit umgerechnet rund 109 Milliarden Franken ankurbeln. Unter anderem durch neue Schulden. Der Yen verliert weiter an Wert, und die Renditen für Staatsanleihen mit langen Laufzeiten steigen auf Rekordhöhen. Gemäss SRF-Korrespondent Thomas Stalder ist es insgesamt eine riskante Strategie. SMI +0.7%

Markets rise and fall—but not all cycles tell the same story. What do those ups and downs really mean for your investments?Scripture reminds us in Ecclesiastes 3:1, “To everything there is a season, a time for every purpose under heaven.” Just as God designed natural cycles—the sun, the tides, the seasons—financial markets also move through cycles. While less predictable, these patterns help us understand where we are in the investing journey and how to prepare wisely for what's ahead.According to Mark Biller, Executive Editor at Sound Mind Investing (SMI), the two most common market cycles are known as bull markets (when prices rise) and bear markets (when prices fall). But within those categories lie two distinct types of trends: cyclical and secular.Cyclical vs. Secular: What's the Difference?“The terms might sound fancy,” says Biller, “but they really describe short-term versus long-term cycles.”Cyclical markets are the short-term ups and downs—periods that might last a few months to a few years.Secular markets are the broader, long-term trends that can span decades—often between 10 and 40 years.Think of it like waves on the ocean. Cyclical markets are the smaller waves that move in and out, while secular markets are the larger tides that shape the shoreline over time.Learning from History: Market ExamplesFrom 1968 to 1982, the S&P 500 was essentially flat—a 15-year stretch where inflation eroded nearly 60% of investors' purchasing power. That's what economists call a secular bear market—a long-term period of little to no progress.Yet within that broader season, there were multiple shorter-term bull and bear cycles. Investors who recognized those patterns could navigate the market with more perspective and less panic.The same was true from 2000 to 2009, another decade of overall stagnation in U.S. stocks. “But even then,” Biller notes, “we saw two cyclical bear markets with a five-year bull market sandwiched between them.”The takeaway? Even in long-term downturns, some shorter-term opportunities and recoveries keep markets moving forward over time.Why It Matters—Especially for Bond InvestorsUnderstanding these cycles isn't just an academic exercise. “It's actually more helpful when it comes to bonds than stocks,” Biller explains.That's because bond markets move in much longer secular cycles. From 1982 to 2021, the U.S. enjoyed a 40-year secular bull market in bonds as interest rates steadily declined from 15% to near zero. But since 2020, that trend has reversed. “Interest rates have been rising again,” Biller says, “and that's led to negative returns for many bond investors over the last five years.”This shift could signal the beginning of a secular bear market for bonds—a long period in which rising interest rates make it harder for bonds to perform well.Rethinking the Classic 60/40 PortfolioFor decades, the “60/40” portfolio—60% stocks and 40% bonds—was the gold standard for balanced investing. But in today's environment, that mix may need to evolve.“At Sound Mind Investing (SMI), we've reduced our bond allocation to around 30%,” Biller explains. “We haven't abandoned bonds altogether, but we're diversifying beyond them.”That diversification includes strategies like:Dynamic asset allocation—adjusting investments as market conditions shiftGold and commodities—as hedges against inflationReal estate and energy stocks—for long-term growth potentialAlternative assets like Bitcoin (in small doses), to add further varietyBuilding a Portfolio That Endures Every SeasonWhether markets are bullish or bearish, cyclical or secular, the goal remains the same: build a portfolio that's resilient and rooted in wisdom.Biller's encouragement for long-term investors is simple:“We're not advocating for dramatic changes, but rather thoughtful diversification. The goal is to build portfolios you can stick with through every kind of market season.”That perspective echoes a deeper truth for believers: our ultimate security isn't found in market trends but in God's unchanging character. Markets may rise and fall, but His promises endure forever.Faith, Patience, and PerspectiveUnderstanding both short- and long-term market cycles helps us invest with patience, discipline, and faith—trusting that God is sovereign over every season, financial or otherwise.As Proverbs 21:5 reminds us, “The plans of the diligent lead surely to abundance, but everyone who is hasty comes only to poverty.”In every bull and bear market, we're called to plan wisely, give generously, and trust deeply—knowing that the One who holds the future also holds us.For more practical investing insights and biblical wisdom, visit SoundMindInvesting.org.On Today's Program, Rob Answers Listener Questions:I'm nearing retirement with no debt and some investment savings, but I don't have a pension. Would it make sense to use part of my investments to buy an annuity for guaranteed monthly income in addition to Social Security?I'm in my 70s, retired, and divorced, and much of my income goes toward alimony. How can I balance saving for emergencies while still giving more to the Lord's work, which I see as the greater reward?Resources Mentioned:Faithful Steward: FaithFi's Quarterly Magazine (Become a FaithFi Partner)Sound Mind Investing (SMI)Bulls and Bears, Cyclical and Secular (SMI Article by Mark Biller and Joseph Slife)SMI Dynamic Asset Allocation Model StrategyWisdom Over Wealth: 12 Lessons from Ecclesiastes on MoneyLook At The Sparrows: A 21-Day Devotional on Financial Fear and AnxietyRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA)FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God's resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Der Chiphersteller Nvidia hat im vergangenen Quartal den Umsatz um 62 Prozent gesteigert. Die Angst, dass die KI-Blase platzt, sei damit aber nicht verflogen, so SRF-Börsenkorrespondent Jens Korte. Entscheidend sei, ob auch die Käufer von Nvidia-Chips profitabel wirtschaften. SMI +0.1%

Der Bitcoin-Kurs hat seit dem Allzeithoch im Oktober 30 Prozent verloren. Das allgemein negative Börsenumfeld sei ein Grund für die starken Schwankungen. Krypto-Produkte seien stark an die Makrodaten gebunden, so Sina Meier von 21 Shares. SMI +0.4%

Schweizer Immobilien-Aktien, -Fonds und -Preise steigen. Ein Grund ist die Sicherheit, die Immobilien in unsicheren Zeiten mit Krieg und Zöllen bieten. Beim Wohneigentum spiele auch das tiefe Angebot eine wichtige Rolle, so Immobilienexperte Donato Scognamiglio. SMI -0.9%

Der SMI reagierte nach der Ankündigung des Zolldeals mit den USA kaum, ähnlich wie schon am 4. August, nach der Bekanntgabe der 39% Zölle auf Schweizer Exporte. Gemäss Thomas Stucki, Anlagechef bei der St.Galler Kantonalbank, glaube man zwar an den Deal, wisse aber auch, dass die USA unberechenbar seien und in zwei Monaten alles wieder anders sein könne. SMI -0.3%

Luxusgüterkonzern Richemont stellt Halbjahreszahlen vor. Der Umsatz steigt um 10, der Gewinn um 4 Prozent. Bisher bremsten die hohen US-Zölle, die dank eines Deals sinken werden. Trotzdem meint Verwaltungsratspräsident Johann Rupert, eine umfassende Einigung würde sich bis in den Februar hinziehen. SMI -0.8%

Siemens verkündet das dritte Rekordjahr in Folge. Die Aktie fällt trotzdem, Siemens will sich von seiner Gesundheitssparte trennen. Der Konzern übertrifft aber andere deutsche Industriekonzerne, Konzernchef Roland Busch rät Firmen zum Einsatz von künstlicher Intelligenz. SMI -0.4%

Durch einen möglichen Zoll-Deal mit US-Präsident Trump kommt am Schweizer Aktienmarkt wieder etwas Hoffnung auf. Laut Nannette Hechler-Fayd'herbe, Anlagechefin bei Lombard Odier, hat der Schweizer Aktienmarkt, im Vergleich zu anderen europäischen Märkten noch Aufholpotenzial. SMI +0.7%

Eine neue Umfrage zeigt, dass 61 Prozent der Männer ihr Geld anlegen, während es bei den Frauen nur 43 Prozent sind. Laut Simon Amrein, Dozent an der Hochschule Luzern, ist aber nicht das Geschlecht ausschlaggebend, sondern viel mehr das Interesse an Finanzthemen und die Angst vor Verlusten. SMI +2.0%

Smiřování Izraele a arabského či muslimského světa zpomalilo, nebo se i zastavilo. Něco se ale přece jen děje, jak je patrné na případu Kazachstánu, ale i dalších zemí širšího regionu.

Pfizer gewinnt das Wettbieten gegen Novo Nordisk und übernimmt den Adipositas-Spezialisten Metsera. Gemäss Michael Kunz, Analyst bei der Luzerner Kantonalbank, ist Pfizer jedoch dafür bekannt, Firmen teuer zu kaufen, die sich dann nicht wie gewünscht entwickeln. SMI +1.3%

Smiřování Izraele a arabského či muslimského světa zpomalilo, nebo se i zastavilo. Něco se ale přece jen děje, jak je patrné na případu Kazachstánu, ale i dalších zemí širšího regionu.Všechny díly podcastu Názory a argumenty můžete pohodlně poslouchat v mobilní aplikaci mujRozhlas pro Android a iOS nebo na webu mujRozhlas.cz.

Carmen Tomás analiza toda la actualidad económica centrada en el informe sobre el SMI con Susana Burgos y Manuel Llamas.

Das Technologieunternehmen Meta verdient rund zehn Prozent des Konzernumsatzes mit dubioser Werbung. Laut SRF-Börsenexperte Jens Korte ist dies ein Skandal. Wegen Metas Monopol dürften Kunden deswegen aber kaum abspringen. SMI ±0.0%

Der Personalvermittlungs­konzern Adecco ist erstmals seit eineinhalb Jahren wieder gewachsen. Die Unsicherheit in der Wirtschaft habe zu einer grossen Nachfrage nach temporären Mitarbeitenden geführt, erklärt Konzernchef Denis Machuel. Davon profitiere das Unternehmen. SMI -0.5%

On this episode of On Location, hosts Tim Lightner (eWorldEnterprise Solutions) and Barbara Lacina continue to discuss the topic of transition from public service to the private sector. Guests Tanguler Gray (Executive VP of Operations, SMI); Laura Roth (recently retired as the Child Support Practice Lead and Director, CGI Technologies and Solutions Inc.), and Matt Lyons(Director of Public Sector Partnerships, SteadyIQ), all of whom have experience making this career shift, continue to share their personal transition summaries and advice. Key topics include identifying transferable skills, adapting to newroles, and job searching tips for the private sector, in this second part of a two-part series. Let's listen in and rejoin as Barbara asks about adaptability and actual examples of relating experiences in government to what privateorganizations may be looking for.  Resources that are available to those seeking/needing tomake this transition:  o  NCSEA 5/29/25 NCSEA Helps May 2025Webinar: Navigating Change: Polished Resumes and Confident Interviewso NCSEA 7/31/25 NCSEA Helps July 2025 Webinar:  Transitioning Public Service Experience intoPrivate Sector Impacto HSITAG Talent Bank:  https://hsitag.org/news/talent-bank/o APHSA:  APHSACareer Center Account Benefits:  AmericanPublic Human Services Association (APHSA), APHSA Career Center|Find Your CareerHereo  NCSEA Job Board: https://www.ncsea.org/resources-info/job-board/

Der Schweizer Wirtschaft geht es trotz US-Zöllen, Krieg und starkem Franken besser als noch im Sommer, wie das KOF Institut der ETH Zürich meldet. Die Unternehmen seien auch im aktuellen Umfeld fähig, ihre Produkte zu verkaufen und ihre Ertragslage zu halten, sagt KOF-Direktor Jan-Egbert Sturm. SMI +0.5%

Die Industriefirmen Burckhardt Compression, Georg Fischer und Oerlikon geben trotz US-Zöllen und starkem Schweizer Franken ein robustes Bild ab. Laut Andrea Bally, Anlagespezialistin der Migros Bank, repräsentieren sie aber nicht die ganze Schweizer Industrie. SMI +0.6%

Nach monatelangem Anstieg ist der Kakaopreis wieder deutlich gesunken. Im Handel bleibt Schokolade allerdings teuer. Laut Nico Rieben, Leiter Kakaobohnen bei Pronatec, ist der Konsument nicht bereit die hohen Preise zu bezahlen. Die Migros möchte darum eine Preissenkung für Lindt Schokolade. SMI ±0.0%

WhoBarry Owens, General Manager of Treetops, MichiganRecorded onJune 13, 2025About TreetopsClick here for a mountain stats overviewOwned by: Treetops Acquisition Company LLCLocated in: Gaylord, MichiganYear founded: 1954Pass affiliations: Indy Pass, Indy+ Pass – 2 daysClosest neighboring ski areas: Otsego (:07), Boyne Mountain (:34), Hanson Hills (:39), Shanty Creek (:51), The Highlands (:58), Nub's Nob (1:00)Base elevation: 1,110 feetSummit elevation: 1,333 feetVertical drop: 223 feetSkiable acres: 80Average annual snowfall: 140 inchesTrail count: 25 (30% beginner, 40% intermediate, 30% advanced)Lift count: 5 (3 triples, 2 carpets – view Lift Blog's inventory of Treetops' lift fleet)Why I interviewed himThe first 10 ski areas I ever skied, in order, were:* Mott Mountain, Michigan* Apple Mountain, Michigan* Snow Snake, Michigan* Caberfae, Michigan* Crystal Mountain, Michigan* Nub's Nob, Michigan* Skyline, Michigan* Treetops, Michigan* Sugar Loaf, Michigan* Shanty Creek – Schuss Mountain, MichiganAnd here are the first 10 ski areas I ever skied that are still open, with anything that didn't make it crossed out:* Mott Mountain, Michigan* Apple Mountain, Michigan* Snow Snake, Michigan* Caberfae, Michigan* Crystal Mountain, Michigan* Nub's Nob, Michigan* Skyline, Michigan* Treetops, Michigan* Sugar Loaf, Michigan* Shanty Creek – Schuss Mountain, Michigan* Shanty Creek – Summit, Michigan* Boyne Mountain, Michigan* Searchmont, Ontario* Nebraski, Nebraska* Copper Mountain, Colorado* Keystone, ColoradoSix of my first 16. Poof. That's a failure rate of 37.5 percent. I'm no statistician, but I'd categorize that as “not good.”Now, there's some nuance to this list. I skied all of these between 1992 and 1995. Most had faded officially or functionally by 2000, around the time that America's Great Ski Area Die-Off concluded (Summit lasted until around Covid, and could still re-open, resort officials tell me). Their causes of death are varied, some combination, usually, of incompetence, indifference, and failure to adapt. To climate change, yes, but more of the cultural kind of adaptation than the environmental sort.The first dozen ski areas on this list are tightly bunched, geographically, in the upper half of Michigan's Lower Peninsula. They draw from the same general population centers and suffer from the same stunted Midwest verticals. None are naturally or automatically great ski areas. None are or were particularly remote or tricky to access, and most sit alongside or near a major state or federal highway. And they (mostly) all benefit from the same Lake Michigan lake-effect snow machine, the output of which appears to be increasing as the Great Lakes freeze more slowly and less often (cold air flowing over warm water = lake-effect snow).Had you presented this list of a dozen Michigan ski areas to me in 1995 and said, “five of these will drop dead in the next 30 years,” I would not have chosen those five, necessarily, to fail. These weren't ropetow backwaters. All but Apple had chairlifts (and they soon installed one), and most sat close to cities or were attached to a larger resort. Sugar Loaf, in particular, was one of Michigan's better ski areas, with five chairlifts and the largest in-state vertical drop on this list.My guess for most-likely-to-die probably would have been Treetops, especially if you'd told me that then-private Otsego ski area, right next door and with twice its neighbor's skiable acreage, vertical drop, and number of chairlifts, would eventually open to the public. Especially if you'd told me that Boyne Mountain, the monster down the road, would continue to expand its lodging and village, and would add a Treetops-sized cluster of greens to its ferocious ridge of blacks. Especially if you'd told me that Treetops' trail footprint, never substantial, would remain more or less the same size 30 years later. In fact, just about every surviving Michigan ski area on that list - Crystal, Nub's, Caberfae, Shanty Schuss - greatly expanded its terrain footprint. Except Treetops.But here we are, in the future, and I just skied Treetops 10 months ago with my 8-year-old son. It was, in some ways, more or less as I'd left it on my last visit, in 1995: small vert, small trail network, a slightly confusing parking situation, no chairlift restraint bars. A few improvements were obvious: the beginner ropetows had made way for a carpet, the last double chair had been upgraded to a triple, terrain park features dotted the east side, and a dozen or so glades and short steep shots had been hacked from the woods of the legacy trail footprint.That's all nice. But what was not obvious to me was this: why, and how, does Treetops the ski area still exist? Sugar Loaf was a better ski area. Apple Mountain was closer to large population centers. Summit was attached to ski-in-ski-out accommodations and shared a lift ticket with the larger Schuss mountain a couple miles away. Was modern Treetops some sort of money-losing ski area hobby horse for whomever owned the larger resort, which is better known for its five golf courses? Was it just an amenity to keep the second homeowners who mostly lived in Southeast Michigan invested year-round? Had the ski area cemented itself as the kind of high-volume schoolkids training ground that explained the resilience of ski areas in metro Detroit, Minneapolis, and Milwaukee?There is never, or rarely, one easy or obvious explanation for why similar businesses thrive or fail. This is why I resist pinning the numerical decline in America's ski area inventory solely to climate change. We may have fewer ski areas in America than we had in 1995, but we have a lot more good ski areas now than we did 30 years ago (and, as I wrote in March, a lot more overall ski terrain). Yes, Skyline, 40 minutes south of Treetops, failed because it never installed snowmaking, but that is only part of the sentence. Skyline failed because it never installed snowmaking while its competitors aggressively expanded and continually updated their snowmaking systems, raising the floor on the minimal ski experience acceptable to consumers. That takes us back to culture. What do you reckon has changed more over the past 30 to 40 years: America's weather patterns, or its culture? For anyone who remembers ashtrays at McDonald's or who rode in the bed of a pickup truck from Michigan to Illinois or who ran feral and unsupervised outdoors from toddlerhood or who somehow fumbled through this vast world without the internet or a Pet Rectangle or their evil offspring social media, the answer seems obvious. The weather feels a little different. Our culture feels airlifted from another planet. Americans accepted things 30 years ago that would seem outrageous today – like smoking adjacent to a children's play area ornamented with a demented smiling clown. But this applies to skiing as well. My Treetops day in 1995 was memorably horrible, the snow groomed but fossilized, unturnable. A few weeks earlier, I'd skied Skyline on perhaps a three-inch base, grass poking through the trails. Modern skiers, armed with the internet and its Hubble connection to every ski area on the planet, would not accept either set of conditions today. But one of those ski areas adapted and the other did not. That's the “why” of Treetops survival. It was the “how” that I needed Barry Owens to help me understand.What we talked aboutLast winter's ice storm – “it provides great insight into human character when you go through that stuff”; record snowfall (204 inches!) to chase the worst winter ever; the Lake Michigan snowbelt; a golf resort with a ski area attached; building a ski culture when “we didn't have enough people dedicated to ski… and it showed”; competing with nearby ski areas many times Treetops' size “we don't shy away from… who we are and what we are”; what happened when next-door-neighbor Otsego Resort switched from a private to a public model in 2017 – “neither one of us is going to get rich seeing who can get the most $15 lift tickets on a Wednesday”; I attempt to talk about golf and why Michigan is a golf mecca; moving on from something you've spent decades building; Treetops' rough financial period and why Owens initially turned down the GM job; how Owens convinced ownership not to close the ski area; fixing a “can't-do staff” by “doing things that created the freedom to be able to act”; Treetops' strange 2014 bankruptcy and rebuilding from there; “right now we're happy” with the lift fleet; how much it would cost to retrofit Treetops' lifts with restraint bars; timeline for potential ski expansion at Treetops; bargain season passes (as low as $125); and Indy Pass' network power.What I got wrong* I said “Gaylord County,” but the city of Gaylord is in Otsego County.* I said that Boyne Resorts, operator of 11 ski areas, also runs “10 or 11 golf resorts.” The company operates 14 golf courses.* I said that Michigan had a “very good” road network and that there was “not a lot of traffic,” and if you live there, you're reaction is probably, “you're dumb.” What I meant by “very good road network” is this: compared to most ski regions, which have, um, mountains, Michigan's bumplets sit more or less directly alongside the state's straight, flat, almost perfectly gridded highway network. Also, the “not a lot of traffic” thing does not apply to special situations like, say, northbound I-75 on a July Friday evening.* I said that Crystal, Nub's, Caberfae, and Shanty Creek were “close” – while they're not necessarily all close to one another, they are all roughly equidistant for folks coming to them from downstate.* I said that Treetops was “the fifth or sixth place I ever skied at,” but upon further review, it was number eight (which is reflected in the list above).Podcast NotesOn the ice stormAn ice storm hammered Northern Michigan in late March of this year:On the lightning strike on Treetops' golf courseOn the Midwest's terrible 2023-24 ski seasonSkier visits cratered in the Midwest during the 2023-24 ski season, the region's worst on record from a snowfall point of view. Weather - and skier visits - settled back into normal ranges last winter:This is a bit hard to see with any sort of precision, but this 10-year chart gives a nice sense of just how abnormal 2023-24 was for the Midwest:On Michigan's ski areasMichigan is home to 44 active ski areas - more than any state other than New York. Many of them are quite small, operate sporadically, and run only surface lifts, but Treetops is close to a bunch of the better lift-served outfits, including Boyne Mountain, Nub's Nob, and The Highlands (the UP ski areas may as well be in another state). It helps Treetops that so many of the state's ski areas have also joined Indy Pass:On Otsego ResortFor decades - I'm not certain how long, exactly - Otsego Resort, right next door to Treetops and with roughly double the vertical drop and skiable acreage, was private. In 2017, the bump opened to the public, considerably amping up competition. Complicating the matter further, Otsego sits a bit closer to Michigan's Main Street - I-75 - than Treetops.On Snow OperatingOwens mentioned working with “TBL” – he was referring to Terrain Based Learning, Snow Partners' learn-to-ski program. That company also runs the Snow Cloud operating system that Owens refers to at the end.On Treetops' rough period I quoted this Detroit Business News article at length in the interview. It goes deep on Treetops' precarious early 2000s history and the resort's broken employee culture at the time.On people being nice at ski areasYeah I'm super into this:On the hedgehog conceptOwens mentions “the hedgehog concept,” which I wasn't familiar with. It sounded like a business-book thing, and it is, adapted by author Jim Collins for his book Good to Great and described in this way on his website:The Hedgehog Concept is developed in the book Good to Great. A simple, crystalline concept that flows from deep understanding about the intersection of three circles: 1) what you are deeply passionate about, 2) what you can be the best in the world at, and 3) what best drives your economic or resource engine. Transformations from good to great come about by a series of good decisions made consistently with a Hedgehog Concept, supremely well executed, accumulating one upon another, over a long period of time.More:On safety-bar requirements in New York and New EnglandThis is kind of funny…That's my 8-year-old son, who's skied in a dozen states, taking his first ride on a lift with no safety bar, at Treetops last December. Why such machines still exist in 2025, I have no idea - this lift rises about 30 feet off the ground. In the East, all chairlifts are equipped with bars, and state law mandates their use in New York, Massachusetts, and Vermont (and perhaps elsewhere). I don't advocate for rider mandates, but I do think all chairlifts ought to have bars available for those who want them. Owens and I discuss the resort's plans to retrofit Treetops' three chairlifts - CTEC machines installed between 1984 and 1995 - with bars. The cost would be roughly $250,000. That's a significant number, but probably a lot less than the figure if, say, someone has a heart attack or seizure on the lift, falls off, then sues the resort. Besides, as Owens points out, chairlifts must be equipped with restraint bars for summer use, which would open new revenue streams. Why are bars required for summer activities, but not winter? It's a strange anachronism, unique among the ski world to America.On “Joe from SMI”I mentioned “Joe from SMI” offhand. I was referring to SMI Snowmakers President Joe VanderKelen, who appeared on the podcast back in 2022:On potential expansion Owens discusses a potential expansion looker's left of Chair 1, which would restore lost terrain and built upon that. This 1988 trailmap shows a couple of the trails that Treetops eliminated to make way for its current top-to-bottom access road (trails 1 through 4):The Storm explores the world of lift-served skiing year-round. Join us. Get full access to The Storm Skiing Journal and Podcast at www.stormskiing.com/subscribe

Die SNB macht in den ersten neun Monaten dank steigender Gold- und Aktienkurse einen Gewinn von 12.6 Milliarden Franken. Die tiefe Inflation fordert die Notenbanker. Negativzinsen seien derzeit aber nicht nötig, so SNB-Direktorin Petra Tschudin – dafür bräuchte es einen langfristig wirkenden Schock. SMI -0.6%

Die Quartalszahlen der US-Techkonzerne Alphabet, Meta und Microsoft sind positiv ausgefallen. Weitere hohe Investitionen in KI sorgen aber für gemischte Reaktionen. Investoren sehen bereits eine Blase – wann diese platzen könnte, lasse sich aber schwer sagen, so SRF-Börsenkorrespondent Jens Korte. SMI ±0.0%

On this episode of On Location, hosts Tim Lightner (eWorldEnterprise Solutions) and Barbara Lacina discuss the topic of transition from public service to the private sector. The conversation was prompted by recent reduction in force (RIF) events within the federal government and is of value to others who are considering making the shift to private sector employment . Guests Tanguler Gray (Executive VP of Operations, SMI); Laura Roth (recently retired as the Child Support Practice Lead and Director, CGI Technologies andSolutions Inc.), and Matt Lyons (Director of Public Sector Partnerships, SteadyIQ), all of whom have experience making this career shift, share their personal transition summaries and advice. Key topics include identifying transferable skills, adapting to new roles, and job searching tips for the private sector. This is part-one of a two-part series.Resources that are available to those seeking/needing to make this transition:  o  NCSEA 5/29/25 NCSEA Helps May 2025 Webinar: Navigating Change: Polished Resumes and Confident Interviewso  NCSEA 7/31/25 NCSEA Helps July 2025 Webinar:  Transitioning Public Service Experience into Private Sector Impacto  HSITAG Talent Bank:  https://hsitag.org/news/talent-bank/o  APHSA:  APHSA Career Center Account Benefits:  AmericanPublic Human Services Association (APHSA), APHSA Career Center|Find Your CareerHereo  NCSEA Job Board: https://www.ncsea.org/resources-info/job-board/

Die UBS beantragt eine nationale Banklizenz in den USA. Diese würde es erlauben, der Kundschaft die gesamte Dienstleistungs-Palette anzubieten. Das US-Geschäft sei für die UBS bedeutend und somit das Potenzial gross, sagt Andreas Venditti, Analyst bei der Bank Vontobel. SMI -0.4%

Die Aktie des Verpackungsherstellers SIG hat seit Anfang Jahr die Hälfte des Werts eingebüsst. Laut Manuel Lang, Aktienanalyst bei der Bank Vontobel, hatte die Firma in der Vergangenheit zu hohe Ziele. Diese müssen nun überprüft werden. SMI -1.3%

Der Pharmakonzern Novartis will für rund 12 Milliarden US-Dollar das US-Unternehmen «Avidity Biosciences» kaufen. Novartis erhält dadurch Zugriff auf die sogenannte RNA-Technologie. Laut Stefan Schneider, Pharma-Analyst bei Vontobel, könnte durch den Zukauf eine effizientere Anwendung dazukommen. SMI -0.3%

Der Bauchemiehersteller Sika macht in den ersten neuen Monaten rund vier Prozent weniger Umsatz. Grund ist vor allem der stillstehende Immobilienmarkt in China. Nebst China läuft aber die Region Asien-Pazifik ziemlich gut, sagt Yannik Ryf, Analyst der Zürcher Kantonalbank. SMI +0.1%

Der Logistiker Kühne + Nagel macht im dritten Quartal fast 40% weniger Gewinn. Laut Gian Marco Werro, Aktienanalyst der Zürcher Kantonalbank, drücken Überkapazitäten die Erträge, da Reedereien nach zwei starken Jahren mehr Schiffe einsetzen. SMI -0.5%

Der deutschen Automobilindustrie droht ein Chipmangel. Hintergrund ist ein politischer Machtkampf zwischen den USA und China. Laut Automobilexperte Ferdinand Dudenhöffer kann man diese Chipkrise aber nicht mit der Chipkrise während Corona vergleichen. SMI -0.1%

Huber+Suhner profitiert vom KI-Boom. Das Industrieunternehmen hat einen Auftrag von rund 100 Millionen für die Lieferung von optischen Schaltern erhalten, wie das 9-Monats-Ergebnis zeigt. Sollte die KI-Blase platzen, sei der Konzern gut diversifiziert, so Reto Huber, Analyst bei Research Partners. SMI -0.1%

Chinas Immobiliensektor schwächelt, vielerorts stehen Wohnungen leer. Auch die Investitionen stagnieren. Offizielle Zahlen zeigen zwar für das dritte Quartal ein BIP-Wachstum von 4.8 Prozent, doch laut Finanzmarktberaterin Christa Janjic-Marti liegt das Wachstum seit Jahren nur bei 1 bis 2 Prozent. SMI -0.1%

Hunter Keegan interviews “Lump,” a 37-year-old woman who recently became involved with mental health advocacy and outreach in Massachusetts. Lump discusses her personal journey with bipolar disorder and other serious mental illness (SMI) and how it has informed her advocacy work. This conversation emphasizes psychosis recovery, psychiatric hospitalization experiences, Moog Theremins, music therapy, art therapy, and the importance of mental health peer support communities. Follow Lump's writing on Substack! Direct link: lump.substack.com Moog Theremin Demonstration Clip: https://www.youtube.com/watch?v=0CyGl2BMKn0 Bipolar Recorder Mini-Documentary Link: https://www.youtube.com/watch?v=Cw5WnwlSuHQ Happy Valleys: A Bipolar Journey (HUNTER'S NEW BOOK!) Amazon link: https://www.amazon.com/Happy-Valleys-Bipolar-Hunter-Keegan/dp/B0DVGV7MKF Follow Bipolar Recorder on Twitter/X @BipolarRecorder Follow Bipolar Recorder on Instagram @BipolarRecorder Follow Hunter Keegan on Twitter/X @HHKeegan Email: hunterhkeegan@gmail.com Donate and/or buy Bipolar Recorder merch at www.bipolarrecorder.com/shop Thanks for listening!

Finanzaktien wie die von Partners Group, UBS und Julius Bär schliessen im Minus. Grund sind hohe Kredit-Verluste bei US-Regionalbanken. Fraglich sei, laut SRF-Börsenkorrespondent Jens Korte, ob hier systemische Probleme auftauchen, da Unternehmen sich in den letzten Jahren viel Geld geliehen hätten. SMI -0.5%

Gold has been surging this year—but what's behind the rise, and what should investors keep in mind before buying in?Precious metals, such as gold and silver, have long fascinated investors, particularly in times of economic uncertainty. But are they wise investments for today? If so, how should we approach them? Mark Biller joins us today to talk about investing in precious metals.Mark Biller is Executive Editor and Senior Portfolio Manager at Sound Mind Investing, an underwriter of Faith & Finance. The Surge in Gold and SilverGold's remarkable rise has captured headlines again, now up over $4,000 an ounce—up from about $2,600 at the start of 2025. That's a 50% gain this year on top of last year's 26% surge. Silver has jumped even higher, up roughly 60%, while gold mining stocks have more than doubled.What's behind this stunning rally? Several key forces are at play. Global central banks have been buying gold aggressively, a trend that accelerated after the U.S. froze Russia's dollar reserves in 2022. This event shook confidence in the U.S. dollar as a neutral reserve currency. Add in fears of currency debasement stemming from massive government spending since the COVID pandemic, and gold suddenly looks like a safer store of value.As investors around the world look for stability, gold—the “4,000-year-old alternative currency”—is once again shining.To understand today's prices, it helps to look at history. Adjusted for inflation, gold recently surpassed its all-time high from January 1980. Silver, meanwhile, is nearing $50 an ounce—the peak it hit in both 1980 and 2011—but still lags behind those highs when adjusted for inflation.These cycles remind investors that precious metals often move in waves—soaring during manias, then enduring long pullbacks. After its 1980 peak, silver prices dropped nearly 90%; after 2011, they fell by about 70%. Understanding those cycles helps set realistic expectations and temper “gold rush” enthusiasm.Gold as a Store of ValueUnlike stocks or bonds, gold doesn't produce income or dividends. That makes it tricky to value—but also unique. It's not a productive asset; it's a preservative one.For centuries, an ounce of gold could buy a fine men's suit. The same holds true today, illustrating its enduring purchasing power. Gold's real role isn't to generate profit—it's to store value when currencies lose theirs.Viewed this way, gold functions as an alternative currency to the world's paper money systems. As inflation rises and confidence in traditional currencies wavers, gold's relative stability stands out.Gold's appeal intensifies during uncertainty. Whether it's inflation, war, or financial instability, investors turn to gold as a hedge. While Americans rarely consider regime changes, history is filled with nations where financial systems collapsed, and gold helped preserve wealth across transitions.Even in less dramatic times, when governments respond to crises by printing more money, gold tends to perform well. As fear increases, so does the appetite for precious metals.Gold, Silver, and Mining Stocks: Knowing the DifferenceEach part of the precious metals market serves a different role:Gold is the foundation—a global monetary metal and store of value. It's what central banks buy, and it tends to be more stable.Silver is both a monetary and an industrial metal. Its demand fluctuates more with the economy, primarily due to uses in electronics and solar panels. That makes it more volatile—but also more accessible to smaller investors.Mining Stocks are speculative. While they can surge when gold prices rise, they're also risky. Over the long term, mining stocks have underperformed, so investors should approach them with caution.How to Invest Wisely in Precious MetalsWe recommend a balanced approach: Physical gold and silver provide direct ownership and long-term stability. However, storage and security are concerns, so it's best to keep this allocation small—around 5% of your portfolio.ETFs (Exchange-Traded Funds) offer convenience and liquidity. They're ideal for active management and diversification.Combining both approaches provides flexibility and peace of mind—anchoring part of your wealth in tangible assets while keeping another portion readily accessible for use.As with any investment, precious metals should be approached with discipline and perspective. They're best viewed as part of a long-term diversification strategy—not a get-rich-quick play.To learn more about investing wisely in gold and silver, Sound Mind Investing has released a free special report for Faith & Finance listeners. Download your copy at SoundMindInvesting.org.On Today's Program, Rob Answers Listener Questions:I own a 100-year-old building where I live and also rent out a couple of units. It's well built but always needs work. Thankfully, I can handle many of the repairs myself, as I come from a family of electricians and real estate professionals. The issue is, I can't seem to deduct much of what I do on my taxes, even though I spend a lot of time maintaining the property. I also sometimes barter with family and friends, helping them with projects in exchange for their help. Is there a legal way for me to charge for some of my time or count this work toward deductions?I've got about $7,000 to $8,000 in credit card debt, and I'll be leaving my job soon. I have a 401(k) with a balance similar to mine, and I know that taking it out early means incurring taxes and penalties. Would it make sense to cash out my 401(k) to pay off my credit cards, or would you recommend an alternative approach?Resources Mentioned:Faithful Steward: FaithFi's New Quarterly Magazine (Become a FaithFi Partner)Sound Mind Investing (SMI)Inflation History: The Rise and Fall of the U.S. Dollar (Free Report by Sound Mind Investing)Christian Credit CounselorsWisdom Over Wealth: 12 Lessons from Ecclesiastes on MoneyLook At The Sparrows: A 21-Day Devotional on Financial Fear and AnxietyRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

US President Trump said they are in a trade war with China, and if the US don't have tariffs, they don't have national security, while he stated that tariffs are a very important tool for defence.European bourses are mostly higher, SMI bid post-Nestle results and NQ outperforms after strong Q3 TSMC earnings.USD mixed vs. peers, GBP leads whilst AUD was pressured by a weak jobs report.USTs are firmer, fleeting upside in OATs after PM Lecornu survives the 1st no confidence vote; now awaiting the 2nd vote.Crude benchmarks trade rangebound despite rising geopolitical tensions, XAU forms another new ATH.Looking ahead, highlights include Philly Fed (Oct), Atlanta Fed GDP, Comments from Fedʼs Waller, Barkin, Barr, Miran, Bowman & Kashkari, ECBʼs Lane & Lagarde, BoCʼs Macklem, BoEʼs Greene & Mann.Earnings from Bank of New York Mellon, KeyCorp, Charles Schwab, United Airlines, ABB & Bankinter.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Die Nestlé-Aktie steigt um acht Prozent. Der neue Konzernchef Philipp Navratil will an der Dividendenpolitik festhalten. Seit fast 70 Jahren habe Nestlé die Dividende nie gekürzt, und das sei ein wichtiges Argument für Anleger, so Patrik Schwendimann, Analyst bei der Zürcher Kantonalbank. SMI +1.4%

It's World Space Week and in this episode of the All Things Sustainable podcast, we're looking at sustainability on the final frontier in an interview with Spire Global CEO Theresa Condor. Spire Global uses satellites the size of wine bottles to collect data in space that helps solve problems on Earth, ranging from climate to weather forecasting to global security. Theresa says use cases for the company's technology are expanding rapidly as satellite technology advances “at an exponential pace.” "We're seeing something like 10x improvements in technology every five years,” she says. This rapid growth means the need for good governance and sustainability strategies is rising. Spire Global is a member of the Sustainable Markets Initiative (SMI) and Theresa explains how the group is focused on sustainability in space through its Astra Carta initiative, which aims to shape a future of responsible and sustainable space exploration, development and cooperation. “People are trying to figure out what is the right level of regulation that continues to protect the space environment,” she says, while also allowing innovation to flourish. This episode is the latest in our Terra Carta Series of the All Things Sustainable podcast in collaboration with the SMI. The SMI is a network of over 250 global CEOs across finance and industry, including S&P Global. SMI facilitates private sector diplomacy with the ambition of making sustainability the driving force of global markets and value creation. Throughout 2025, we're interviewing SMI member CEOs from around the world and across industries about how they're approaching sustainability challenges and opportunities. Listen to all the episodes in the Terra Carta Series of the All Things Sustainable podcast: Terra Carta Series | S&P Global  This piece was published by S&P Global Sustainable1 and not by S&P Global Ratings, which is a separately managed division of S&P Global.  Copyright ©2025 by S&P Global  DISCLAIMER    By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk.  Any unauthorized use, facilitation or encouragement of a third party's unauthorized use (including without limitation copy, distribution, transmission or modification, use as part of generative artificial intelligence or for training any artificial intelligence models) of this Podcast or any related information is not permitted without S&P Global's prior consent subject to appropriate licensing and shall be deemed an infringement, violation, breach or contravention of the rights of S&P Global or any applicable third-party (including any copyright, trademark, patent, rights of privacy or publicity or any other proprietary rights). This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.      S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 

José García Domínguez, Cristina Losada y Eugenia Gayo analizan los últimos datos sobre la extensión del Ingreso Mínimo Vital, que el Gobierno ha celebrado como un logro.

Show NotesOrigin story: From pharma to inpatient BH—witnessing 7–10 day transformations.Definition reset: BH includes SUD, PTSD, SMI, and cognitive issues (e.g., dementia).Stigma & seniors: “Toughen up” culture vs. the art + science of psychiatry.By the numbers: Many struggle; only about half receive treatment; rural access gaps.SC lens: A significant share of South Carolinians live with BH conditions; access differs by geography.Double burden for seniors: Depression/anxiety + chronic disease = worse outcomes if untreated.Integration works: More check-ins, coordinated teams, better adherence, fewer ER visits/hospitalizations.Your Health approach: Prevention, integration, outcomes—BH as part of every care plan.Personal reflection: Normalizing conversations reduces shame and opens doors to help.Set-up for Part 2: Social media's role, early intervention, and the provider playbook. www.YourHealth.Org