Podcasts about SMP

Text me your feedback.This month, we're looking at a question that comes up a lot:All parts are supposed to be welcome, but how do we work with feelings we don't like?Drawing on Buddhist wisdom and the function of emotions, we're exploring:Why equanimity is about including our feelings, not surprising them.What the Buddhist teachings on dukkha (suffering) can tell us about why fighting against our emotions creates more suffering.How so-called negative emotions serve as important internal motivators.+ Simple techniques to start reframing your relationship with difficult feelings in order to create a welcoming inner atmosphere for all your parts. Mentioned In The Episode:Join me for one of my upcoming Pause and Reset gatherings—hour-long meditative sessions combining desk-friendly yoga, mindfulness practice and parts work meditations. The next one is on June 4th and is pay what you can. ~ ~ ~SMP welcomes your comments and questions at feedback@skillfulmeanspodcast.com. You can also get in touch with Jen through her website: https://www.sati.yoga Fill out this survey to help guide the direction of the show: https://airtable.com/appM7JWCQd7Q1Hwa4/pagRTiysNido3BXqF/form To support the show, consider a donation via Ko-Fi.

Kia ora,Welcome to Wednesday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news the relief rally following the US-China trade de-escalation continues, for equities at least. But worries continue about recession and inflation. Investors want higher risk premiums. And it seems China is in no hurry to resume buying from US sources.But first up today, the overnight dairy Pulse auction delivered similar but slightly lower results for both SMP and WMP that were achieved at last week's full auction, basically confirming the recent shifts, especially the up-shift for WMP.The April US CPI inflation rate came in at 2.3%, a touch lower than the 2.4% expected and which applied for March. That was largely due to fuel costs falling more sharply (-11.8%). The costs of food (+2.8%), rents (+4.0%) and transport (+2.5%) were all higher.Last week's Redbook tracking of US retail sales recorded a +5.8% rise from the same week a year ago. We will likely see this fade as the tariff-induced buying eases off now.The NFIB Small Business Optimism Index dropped in April to its lowest level since October 2024. But the retreat wasn't quite as much as was expected.US household debt data updates were a mixed bag. Total household debt rose +$167 bln from the prior quarter to a record high of $18.2 tln in Q1-2025. Delinquency rates rose from the previous quarter, with 4.3% of outstanding debt now in some stage of delinquency.US importers of Chinese goods still face much higher costs. The net position after the tempest and pullback is 'worse' for inflation, and negative for trade. Struggle is all ahead for global trade.In India, CPI inflation fell to 3.2% in April, and that is its lowest rate since before the pandemic. Food prices were up only +1.8% within that. The current overall inflation rate is now well below their central bank's 4% mid-point target. If it stays there, a rate cut in India may be on the cards.In Germany, there was a sharp bounce-back in the ZEW sentiment survey tracking in May, putting the unusual drop in April behind it. The survey indicates growing optimism for the next six months, driven by the formation of a new federal government there, progress in resolving tariff disputes, and signs of stabilising inflation. Nearly all sectors reported improved sentiment in May.In Australia, updated data seems to indicate that Kiwis are losing the desire to visit there. That said there were 104,600 visits by Kiwis in March, -9.3% fewer than in March 2024 and almost -10% fewer than in March 2018 (a pre-pandemic equivalent). For the year to March 2025, we made 1.367 mln visits to Australia, little different (+1.4%) to the same year in 2024. It is a similar story for Aussies visiting New Zealand. In March 2025 it was -1.7% less than the same month a year earlier.Consumer sentiment in Australia has stayed weak in March, according to a widely-watched Westpac-MM survey.We should probably note that good weather and favourable growing conditions in almost all regions has boosted wheat production - and is pushing down prices. They are now back to levels they first achieved ten years ago and are almost -60% lower than their peak in 2022. For similar reasons, corn prices are falling now too.The UST 10yr yield is at 4.50%, up +4 bps so far today.There rate may go higher. A Reuters poll of bond investors shows them increasingly concerned about both a global recession, and rising inflation. That is, stagflation.The price of gold will start today at US$3243/oz, and up +US$20 from yesterday.Oil prices are up +US$1.50 today at just over US$63.50/bbl in the US and the international Brent price is just over US$66.50/bbl.The Kiwi dollar is now at 59.4 USc, up +90 bps from yesterday at this time. Against the Aussie we are down -50 bps at 91.7 AUc. Against the euro we are up +30 bps at 53.1 euro cents. That all means our TWI-5 starts today just under 67.9 and up a net +50 bps from this time yesterday.The bitcoin price starts today at US$104,161 and back up +2.7% from yesterday. Volatility over the past 24 hours has remained modest at just on +/- 1.7%.You can find links to the articles mentioned today in our show notes.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.

*Key news articles for today*Abu Dhabi wealth fund ADQ-owned AD Ports Group has inked a 50-year renewable usufruct agreement with the Suez Canal Economic Zone (SCZone) to develop and operate an industrial and logistics zone spanning 20 sqkm in East Port Said. Net foreign assets in Egypt's banking sector increased for the third consecutive month to USD15.04 billion in March, up c. 47.5% from February's USD10.2 billion. Commercial banks recorded their first surplus since August; their net foreign assets came in at USD2.5 billion in March. The government is preparing to unveil a revamped export subsidy program that will roughly double support rates across all sectors, introduce new incentives for branded exports, and prioritize higher value-added sectors. The framework is expected to be formally announced soon, come into effect on 1 July, and run through 2028.  The CBE has plans to issue a record EGP2.2 trillion in t-bills and bonds during the fourth quarter of the current fiscal year, marking a 9.7% q/q increase, to help cover the budget deficit.  The government plans to purchase 8.5 million tons of wheat in the upcoming fiscal year, split between local and imported supply. That is around 300k tons more than FY24/25. The government plans to implement a number of amendments and measures to increase the expected VAT proceeds during the next fiscal year, by including new sectors in the formal economy and applying the tax to entities previously exempted from it. This comes amid expectations of lower production costs and a further reduction in interest rates.  Sources told press that allowing banks to process customs imports after the official working hours without restrictions will expand the import and export base for investors, which will positively impact VAT revenue. ABUK released 3Q24/25 unaudited financial indicators with net profit came of EGP3.3 billion (-59% YoY, +5% QoQ). This brought 9M24/25 bottom line to EGP7.8 billion (-36% YoY). ABUK is currently trading at FY24/25f PE of 5.0x. EFIC released 1Q25 unaudited standalone results with net profit increasing by 32% YoY (-78% QoQ) to EGP208.9 million. EFIC is currently trading at FY25f PE of 5.2x. ABUK subsidiary North Abu Qir for Agri-Nutrient Company's Board of Directors approved the establishment of a new company under the name Khaleej Abu Qir for Agri-Nutrient as a private free zone company with an authorized capital of USD100 million and issued and paid-in capital of USD5 million.  ABUK subsidiary Global Company for Methanol and its Derivatives' general assembly approved the liquidation of the company, and the redemption of the shareholder shares in the company's capital. TMGH (FV: EGP75.00, OW) launched the second phase of SouthMed on the North Coast. Weekly Commodities Update|   | Last Price | WoW Change, % | Brent, USD/bbl | 66.9 | -1.6% | Diesel-HSFO Spread, USD/ton | 216.7 | 2.1% | Egypt Urea, USD/ton | 392.5 | -0.6% | Polyethylene, USD/ton | 940.0 | 0.0% | Polypropylene, USD/ton | 990.0 | -0.5% | LME Aluminum Cash Price, USD/ton | 2,396.3 | 2.9% | LME Copper Cash Price, USD/ton | 9,376.4 | 2.4% | Egyptian Retail Cement, EGP/ton | 3,527.0 | 0.1% | Steam Coal FOB Newcastle Australia, USD/ton | 93.8 | -1.4% | SMP, USD/MT | 2,795.0 | -2.8%

The ASX 200 started the week giving back 80 points to 8158 (1%) as the bank rally faded post WBC results. Slightly underwhelming and lack of growth to blame. WBC fell 3.0% taking CBA down 1.6% and the Big Bank Basket down to $265.29 (1.7%). MQG followed the other lower down 1.8% ahead of numbers Friday. Other financials gave up early gains, with RPL and XYZ, two of the only winners. REITs also slipped led by GMG down 2.2% and MGR off 0.9% with industrials also weaker. Retail sagged, PMV down 3.4% and APE off 3.1% with MYR down 3.5%. Defensives such as TLS slid 1.1% and REA down 1.8%. Resources held up better with BHP down only 0.9% and RIO off 0.9% despite rising Iron ore prices in Singapore. Gold miners were mixed, GOR jumped 9.4% on the takeover by Goldfields, NST up 0.4% and EVN up 2.1% with BGL rallying 2.2%. Lithium stocks were flat, LYC up 1.8% and oil and gas stocks crumbling in the face of oils fall. WDS down 3.6% and STO off 4.0%. Uranium stocks mixed, NXG down 4.6% and BOE up 0.8%. In corporate news, TYR pulled out of SMP talks, PLY dumped after CEO retires wounded. RWC warned on tariffs and fell 2.4% with EDV forecasting flat to modest retail sales growth. Nothing on the economic front. In Asia, China and Japan closed for a holiday. 10-year yields pushing higher to 4.26%.Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

Pemerintah Kabupaten Purwakarta melakukan kerja sama dengan pihak TNI Resimen Armed 1 guna melakukan pembinaan karakter pelajar SMP yang terindikasi bermasalah. Pada gelombang pertama, sebanyak 39 pelajar mengikuti pembinaan ini dan akan digembleng TNI selama 14 hari.

Text me your feedback.The Taoists believe that we can harness the stabilizing qualities of Earth Qi along with the generative qualities of  Heaven/Sky Qi to improve physical health, increase longevity, and cultivate inner harmony. In this guided practice, Jennifer O'Sullivan shares a visualization technique, paired with mindful breathing, to mobilize and balance these vital energies in the body.

Kia ora,Welcome to Wednesday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news negative data is starting to flow more aggressively in the US as the consequences of dumb policy show through. It been a track to decline for the first 100 days of Trump II.First, the US Redbook index of retail sales rose +6.1% last week from the week before, but the strong suspicion is that much of this is inflation-related.And that is supported by a sharp drop in consumer sentiment reported by the Conference Board, down to a 13 year low in April and confirming the UofM earlier sentiment survey.US job openings fell by -288,000 to 7.192 mln in March, down -901,000 from a year ago to the lowest level in six months and well below market expectations of 7.5 mln. The drop was broad-based. Their quit rate rose to an 8 month high.The US trade deficit in goods widened sharply to -US$162 bln in March, the largest on record, and well above the expected -US$146 bln gap as tariff threats drove US importers to front-load their purchases. Unsurprisingly, that alos generated a spike in wholesale inventories.This bad trade result probably cements a very weak Q1-2025 GDP result. The next AtlantaFed GDP Now update will come tomorrow, and is unlikely to be pretty.The Dallas Fed's services sector survey pointed to weaker conditions and a weaker outlook.The Canadian election has resulted in a narrow win for the center-left (in North American terms) Liberals and the Quebec coalition partner. This is an unusual fourth consecutive win for the Liberals, and an unlikely one, very much aided by Trump trolling. It will be a tough gig because they are clearly facing recession, also flowing from the newly-fractious US relationship.The ECB survey on consumer inflation expectations in the euro-zone rose in March with the year ahead expectation up to 2.9%, its highest in a year.EU consumer sentiment dropped in March and to its lowest since December.And we should probably note that Denmark says it wants the EU to join the CPTPP.In Australia, there are three days left of campaigning in their federal election. Polling is tightening. Despite those polls still showing Labour ahead, much will depend on how voters rank their preferences, which could make it rather close.The overnight dairy Pulse auction came in better than the futures market signaled. The SMP price rose as expected and to its highest in a year, but the WMP price did not fall as expected, rather it showed a small gain and to its highest in three years.The UST 10yr yield is now at 4.17%, down another -4 bps from this time yesterday.The price of gold will start today at US$3319/oz, and down -US$17 from yesterday.Oil prices are down -US$1.50 at just on US$60.50/bbl in the US and the international Brent price is down a bit less, now just under US$64.50/bbl. These are two-week lows as global trade tensions and weak US data dampened the demand outlook.The Kiwi dollar is now at 59.4 USc, down -0.2% from yesterday at this time. Against the Aussie we are up +10 bps at 93 AUc. Against the euro we are unchanged at 52.2 euro cents. That all means our TWI-5 starts today just on 67.6 and down -10 bps.The bitcoin price starts today up +1.3% from yesterday at US$95,401. Volatility over the past 24 hours has been low at +/- 0.9%.You can find links to the articles mentioned today in our show notes.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.

China's Wu'an Xin Feng has kicked off construction on its planned USD1.7 bn integrated industrial complex in Ain Sokhna's Industrial Zone, the Suez Canal Economic Zone (SCZone) said in a statement. The two-phase complex being built by the company's Egyptian arm Xin Feng Egypt Steel will be completed over a five-year period and create 8k direct jobs.The Asian Infrastructure Investment Bank (AIIB) is putting together USD300 mn in budget support for Egypt, Planning and International Cooperation Minister Rania Al Mashat said. The agreement is expected to be finalized by June, Al Mashat said, adding that negotiations have been completed.Kuwait's Bukhamseen Holding plans to invest between EGP30-40 bn in Egypt over the coming two years, Asharq Business reports. The investment ticket, currently equivalent to USD590.0-786.6 mn at today's exchange rate, will go toward several sectors, with a focus on hospitality.Five Arab and foreign investment funds are negotiating with the Egyptian government to acquire strategic stakes in government hospitals and pharmaceutical companies that were recently listed as part of the IPO program, according to government sources. They added that Emirati and Saudi companies are the most interested in the Egyptian pharmaceutical market, and they expect the coming period to witness major acquisitions in this sector.Egypt's non-oil trade deficit narrowed by 27.7% y-o-y in 1Q 2025 to USD6.3 bn, according to a government document. This was supported by a 27% y-o-y rise in non-oil merchandise exports, reaching USD12.7 bn, up from USD10.0 bn.The overall state budget deficit decreased during 8M FY2024/25 to EGP879.3 billion, 5.1% of GDP, compared to EGP898 billion, equivalent to 6.5% of GDP, during the same period of the previous year. This was due to a 32.8% growth in general revenues to EGP1.442 trillion, compared to EGP1.086 trillion.The central bank sold USD984.9 mn in one-year USD-denominated t-bills yesterday at an average yield of 4.25%, surpassing its USD950.0 mn target, according to data on its website. The issuance will go toward refinancing an outstanding debt worth USD950 mn.TMGH is negotiating with the Iraqi government to develop an administrative project in Baghdad, with the project expected to cost over USD10.0 billion and cover a land area of 35.0 million sqm. The final agreement is expected to be reached by the beginning of 2026.OCDI reported annually solid 1Q25 revenue of EGP2.8 billion, up 50.0% y/y and down 20.5% q/q, and net profit of EGP950.7 million, up 143.7% y/y and down 40.3% q/q.CCAP expects ASEC Mining's (ASCOM) disclosed impairment, amounting to EGP320.5 million, will have a negative impact on CCAP's consolidated net profit on 31 December 2024 of c. EGP190.6 million. Noting that the impairment has been booked until the legal proceedings, which may result in the return of the pledged shares or their value, are completed. EFID plans to invest EGP1.0 billion in 2025 to expand its production capacity.Weekly Commodities Update |   | Last Price | WoW Change, % | Brent, USD/bbl | 66.9 | -1.6% | Diesel-HSFO Spread, USD/ton | 216.7 | 2.1% | Egypt Urea, USD/ton | 392.5 | -0.6% | Polyethylene, USD/ton | 940.0 | 0.0% | Polypropylene, USD/ton | 990.0 | -0.5% | LME Aluminum Cash Price, USD/ton | 2,396.3 | 2.9% | LME Copper Cash Price, USD/ton | 9,376.4 | 2.4% | Egyptian Retail Cement, EGP/ton | 3,527.0 | 0.1% | Steam Coal FOB Newcastle Australia, USD/ton | 93.8 | -1.4% | SMP, USD/MT | 2,795.0 | -2.8%

Kia ora,Welcome to Wednesday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news reality and expectations seem to be diverging.But first up today we can report that the weekly dairy Pulse auction for SMP and WMP brought little-change in the WMP price from the previous full GDT auction in USD, while the SMP price rose +3.0% on that same basis, but basically a recovery. However things are reversed in NZD due to the weaker greenback, with the WMP price falling -1.4% and the SMP price only up +1.7% in our currency.Internationally, the IMF warned that rising US tariffs are marking the start of a new global era of slower growth. Since January, sweeping import duties and retaliation are raising trade barriers to levels not seen since the Great Depression. The IMF cut its global growth forecast for 2025 to +2.8% from +3.3%, and sees continued weakness through 2026. The US will be among the hardest hit, with 2025 growth cut to +1.8% from +2.7%. Others like Mexico, Canada, China, and the EU will feel some effects but are likely to be minor compared to the US.Meanwhile, the US Treasury Secretary has told a private meeting the tariff war is unsustainable and will ease 'soon'. News of these remarks has led to a financial market rally. The problem remains however as neither Trump or China show any signs of backing down, and Bessent himself admitted that talks to de-escalate haven't even started. Markets might be getting ahead of themselves, as is Bessent.In the US, the Redbook retail impulse monitor was up +7.4% last week from the same week a year ago, the highest since the end of 2022. But this is becoming more of a measure of inflation than real sales activity as the tariff-taxes get passed through.The Richmond Fed's factory survey for the mid-Atlantic states reported weak results. It plummeted to -13 in April from -4 in the previous month, and well below market expectations. It is the sharpest decline in factory activity since November. Meanwhile their service sector gauge fell too.The latest and large US Treasury bond auction saw less support, but more than sufficient. However the median yield fell back to 3.74%, compared to the 3.94% at the prior equivalent event a month ago.Canadian producer prices rose +4.7% in the year to March, but they are rising at a quicker pace in recent months. Canada is in its final week of election campaigning.Across the Pacific, Taiwanese export orders rose to the elevated level of US$53 bln in March, but they have been doing this for so long now that the year-on-year gain isn't special for them, 'only' up +12.5%.In the EU, consumer sentiment fell more than expected in April to its lowest level since November 2023.The UST 10yr yield is now at 4.39%, a -1 bp dip from this time yesterday. The price of gold will start today at US$3398/oz, and down -US$19 from yesterday.Oil prices have risen +US$1 from yesterday to be now just under US$64/bbl in the US and the international Brent price is now just on US$67.50/bbl.The Kiwi dollar is now at 59.8 USc, down -20 bps from yesterday at this time. Against the Aussie we are up +10 bps at 93.7 AUc. Against the euro we up +20 bps at just on 52.3 euro cents. That all means our TWI-5 starts today now just on 68 and little-changed from yesterday.The bitcoin price starts today at US$91,488 and up +5.4% from this time yesterday. Volatility over the past 24 hours has again been moderate at +/- 2.6%.You can find links to the articles mentioned today in our show notes.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.

Text me your feedback.There are definitely times when we need to get a hold of ourselves. But how do we do that without dismissing our feelings? This brief Parts Work practice is for moments when you feel too activated or busy for deeper introspection but also need to find our center. It will help you create space – access Self Energy – around difficult emotions while honoring their presence. Practice this technique regularly when you're calm so you are more likely to reach for it when you need it. It'll help you build up your capacity for self-connection and self-compassion so it becomes a resource even in really trying moments.

Kia ora,Welcome to Wednesday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news the gears of the global economy are grinding disconcertingly as the unnecessary trade war is prosecuted with little strategy and no apparent viable end game.But first up today, the latest full dairy auction brought an overall rise of +1.6% in USD. However, the fall and fall of the USD has completely undermined this result, with prices in NZD falling -2.1%. In USD all categories except SMP rose, and demand was strong from "North Asia" (ie China). Milk fats were in demand, while global milk supply is waning in the major producers, underpinning the demand. Pity about the currency effect.Inflation is showing up in the retail trade in the US, with the weekly Redbook index up +6.6% from the same week a year ago. There is no way that reflects a volume riseBusiness activity continued to fall in March in the New York Fed's factory survey in the New York state. New order levels extended their decline/In Canada, their CPI inflation rate eased lower to 2.3% in March. That is after the eight-month high of 2.6% in February. The March result was tamer than expected (2.6%) and below forecasts by the central bank of 2.5%. It comes after some GST and other tax changes earlier have now been flushed through their data. The Bank of Canada next meets to review its official policy rate later today, but it will be the economic impact of their unfriendly neighbour that will dominate policy, rather than current inflation. They will likely hold off making rate changes for now, keeping the 2.75% policy rate. That is a change from the earlier expected cut.Canadian housing starts came in weak in March, down more than -11% from the same month a year ago.India CPI inflation rate fell in March to 3.3%, its lowest since 2019. Food price inflation fell to 2.7%. Both were much lower than expected and well below the central bank's policy rate mid point of 4%.Indian exports rose sharply in March from February in the normal seasonal pattern. Their imports rose even more so their trade deficit grew from the prior month, although only back to its usual level.In China, they are cancelling their orders for Boeing aircraft, a blow to the US aircraft industry.In February, EU industrial production rose, a surprise gain and the best monthly gain in two years.But that wasn't an indicator for economic sentiment. The latest ZEW survey reveals a sharp deterioration as they watched the US turn away from friend to foe, making them feel boxed in between the US and Russia. It was a shift reminiscent of the uncertainty during the pandemic.And it seems that trade talks between the US and the EU are making "litte" (ir no) progress.In Australia, the latest release of the RBA minutes was a dull affair, giving little guidance on how they are going to deal with the trade and inflation challenges. It's all 'wait-and-see' and 'respond-to-data' for them. But they do claim to be in a good position to be able to act decisively if it is needed. A cut on May 20 is still possible however.OPEC's latest monthly review lowered its demand outlook, although some observers thought the smallness of the cutback was brave in the circumstances.And we should also note that there are now three elections due soon. Canada goes to the polls on April 28. Australia votes on May 3. And now a snap election has also been called in Singapore, also for May 3. Being Singapore, that unsurprisingly leaves very little time for campaigning. All these elections will have the Trump shadow hanging over them, and it very much helps campaigning to present an anti-Trump stance. Trump has resurrected the fortunes of the centre-left candidates, enough to cancel the anti-incumbent mood.The UST 10yr yield is now at 4.33%, down another -4 bps from this time yesterday.The price of gold will start today at just on US$3229/oz, and up +US$16 from yesterday.Oil prices have firmed marginally, up +50 USc from yesterday to be now at US$61.50/bbl in the US and the international Brent price is now just over US$64.50/bbl.The Kiwi dollar is now at 59.1 USc, up +30 bps from yesterday at this time and the highest since mid-December. The fall of the USD extends. Against the Aussie we are down -10 bps at 92.9 AUc. Against the euro we up +30 bps from yesterday at just on 52.4 euro cents. That all means our TWI-5 starts today now just under 67.6 and up +30 bps from yesterday.The bitcoin price starts today at US84,616 and holding again, up a mere +0.1% from this time yesterday. Volatility over the past 24 hours has been modest at +/- 1.2%.You can find links to the articles mentioned today in our show notes.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.

Satu orang hilang tenggelam dan masih dalam pencarian petugas relawan dan BPBD setempat.Warga Dusun Wage, Desa Purwosari, Kecamatan Kwadungan, Kabupaten Ngawi, Jawa Timur, digegerkan atas hilangnya seorang pelajar SMP di Sungai Bengawan Madiun, Sabtu siang. Korban diketahui bernama Rangga Dwi Saputra (14 tahun), yang saat ini masih dalam pencarian petugas relawan dan BPBD. Petugas mulai melakukan pencarian dengan menyisir dari lokasi korban tenggelam hingga sejauh 100 meter dari TKP.Dari hasil informasi, saat itu ada tiga pelajar yang hendak bermain di Sungai Bengawan Madiun. Dua orang masuk ke dalam sungai dan satu orang berada di pinggir sungai. Saat berenang, tiba-tiba korban langsung terseret arus dan temannya berhasil menyelamatkan diri.

Most people don't know how to control their desire to win, and make it work for them. In this epsode, I break down the proper way to view winning, and how to turn your burning desire to win into an asset, instead of anxiety and extra pressure.  Click here to join the SMP nation (FREE)

Episode Summary: In this episode of the Solar Maverick Podcast, Benoy Thanjan is joined by co-host and clean energy advocate Nate Jovanelly, CEO of Sunraise Capital. Together, they dive into the evolving dynamics of the residential solar market and why now is a pivotal time for homeowners and investors alike. The discussion explores how increasing electricity rates are fueling a greater need for residential solar adoption, the current lag in solar penetration across the U.S., and how solar tax credits can be a game-changing financial strategy for investors.  

Kia ora,Welcome to Wednesday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news the Wall Street and business titans who supported the 2024 Trump campaign are starting to turn on him, one calling the current situation "a clown show".The show has gotten even more extreme overnight. The US has added another 50% to tariffs on its imports from China, taking the total to 104%.But first up today, the overnight GDT Pulse dairy auction saw SMP prices fall a bit more than expected, down -2.6% from last week's full auction. But the WMP price slipped much less than expected, down just -1.8% on the same basis. The falling currency over the past week means there is no net change in NZD. The floating exchange rate is doing its job as a stabiliser.In the US, nominal retail sales surged last week, up +7.2% from the same week a year ago as consumers rushed to stock up on goods ahead of the tariff-induced hikes. That was its fastest rise since late-2022. Some of that 'gain' will have been from early price hikes, of course.Going the other way, the NFIB Small Business Optimism Index fell sharply in March, by its most since June 2022 and to its lowest level since October 2024. This was a much larger fall than anyone saw coming. They anticipated a fall but not like this. The component 'uncertainty index' stayed at record high levels.Americans' appetite for consumer debt actually fell in February by -US$810 mln, the first drop since November. This followed a downwardly revised increase of +US$8.9 bln in January and came in well below the +US$15 bln rise expected. There were sharp and notable drops in demand for credit card debt, and car loan debt.The latest UST 3 year bond auction was well supported. But there was a notable -8.5% drop in total bids this time, the largest easing of support we have seen. It delivered a median yield of 3.70%, down from 3.85% at the prior equivalent event a month ago.In China, there is a notable fall in the price of iron ore, down -12.5% from the start of April. That has yet to show up in the cash USD price of Australian iron ore, but it will soon. For reference the price of copper is down -18% in the same eight days.In China, the 'home team' is stepping up to buy equities to prevent them crashing further. State funds were reported to be very active yesterday. Separately, China is letting its currency weaken as a counterweight to the American tariffs. The yuan (CNY) isn't moving much but trending from the target 7.2:USD, but this official set rate is moving in the same direction as the offshore yuan (CNH) and heading to 7.35:USD. It is now at a 17 year low to the USD. China said it will "fight to the end" opposing the new US tariffs.Australia's NAB business confidence index ticked lower in March 2025 from a revised negative level in February, and it is now at its lowest level since November 2024.Staying in Australia, the Westpac Melbourne Institute consumer sentiment survey is seeing fear rising after the Trump tariff actions. Sentiment is -10% lower among those surveyed after the earlier April US tariff announcements. Aussies are now less confident on prospect of interest rate cuts by the RBA.Internationally, the IAEA says that while there is enough uranium being mined to support nuclear energy demand for the next 25 years, more will be needed if the current high-growth plans for capacity expansion continue, and the world could run out by 2080.The UST 10yr yield is now at 4.25%, up +10 bps from this time yesterday. Risk premiums are still rising.The price of gold will start today at just under US$2980/oz, and up +US$14 from yesterday.Oil prices have dropped -US$1.50 from yesterday at just over US$60/bbl in the US and the international Brent price is now just under US$63.50/bbl.The Kiwi dollar is now at 55.5 USc, unchanged from yesterday at this time. Against the Aussie we are up +40 bps at 92.9 AUc and that's a ten month high. Against the euro we up +10 bps from yesterday at just on 50.8 euro cents. That all means our TWI-5 starts today now just on 65.6 and up +10 bps from yesterday.The bitcoin price starts today at US$77,213 and falling, and down another -2.1% from this time yesterday. Volatility over the past 24 hours has been moderate at +/- 2.6%.Join us at 2pm later today for the Official Cash Rate review, the first by newly appointed interim Governor Christian Hawkesby. A -25 bps cut to 3.50% is widely anticipated, but given the global turmoil, most of the focus will be on how they see those pressures playing out in New Zealand and how they will respond to them.You can find links to the articles mentioned today in our show notes.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.

Text me your feedback.Grounding practices are more than just coping mechanisms during tumultuous times. They're empowering strategies to discharge excess emotional energy while tap rooting your inner strength and resilience. In this episode, we're exploring:An empowered way to think of grounding as a practice6 principles of effective grounding techniquesProactively collecting your tools so you can reach for them when you need themJennifer also pulls from yoga and Buddhist dharma teachings to answer a listener question about engaging others in our values-based causes without creating harm.Resources Mentioned On This ShowAdyashanti: https://www.opengatesangha.org/14 Precepts of Engaged Buddhism: https://www.lionsroar.com/the-fourteen-precepts-of-engaged-buddhism/~ ~ ~SMP welcomes your comments and questions at feedback@skillfulmeanspodcast.com. You can also get in touch with Jen through her website: https://www.sati.yoga Fill out this survey to help guide the direction of the show: https://airtable.com/appM7JWCQd7Q1Hwa4/pagRTiysNido3BXqF/form To support the show, consider a donation via Ko-Fi.

Kia ora,Welcome to Wednesday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news the world is bracing for the US to start a US$1.4 tln trade war. Tomorrow. The US says it is ready to start hostilities, supposedly with 20% across-the-board levies. Other governments have their retaliation plans ready. Americans are rushing to buy cars they can afford.But first, the overnight dairy auction came in better than the derivatives market had signaled, with an overall rose of +1.1% in USD terms, up +3.2% in NZD terms. WMP prices held steady and avoided the expected dip. SMP prices rose more than expected. But volumes were light, as expected in this part of the dairy season, but actually lower than this time last year. Keeping demand up was bidding from China, while the recent new interest from Europe basically held. Nothing today will change current farmgate milk price forecasts.In the US, retail demand is softening, with their Redbook survey off its peaks and back to average levels since October 2023. That is a notable drop from the November expansion.There were two American factory PMI surveys out overnight. The widely-watched ISM one contracted. This is a turn from an expansion and is not unexpected, but the size of the shift was. New order flows were weak, and the mood is turning even weaker.The internationally benchmarked S&P Global/Markit one fell too, and quite sharply, but not yet into contraction territory. But this one reported a big jump - an outsized jump - in input prices, surely a sign of what is to come. Firms were only able to pass on some of that, but even so it was at a two-year high.American job openings in February fell by -194,000 to 7.57 mln from an upwardly revised 7.76 mln in January and below market expectations of 7.63 mln. Quits fell too as Americans prioritised holding on to the jobs they have.The Dallas Fed services survey reported a notable contraction, with perceptions of broader business conditions worsening in March.And that downshift was also picked up in the RCM/TIPP economic optimism survey which was expected to rise, but in fact fell in April, and to a six month low.In China, although still modest, the Caixin China General Manufacturing PMI rose in March from February's small positive, with a result that was better than market expectations. This marked the highest reading since last November, with output growth accelerating on the back of a sustained rise in new orders amid better demand conditions.The EU March CPI inflation rate eased slightly to 2.2%, to a marginally lower level than expected. Lower energy costs are restraining this indicator.In Australia, February retail sales were ho-hum, up +0.2% from January. That puts them essentially unchanged from the same month in 2024. So after inflation, that means they are -2.4% lower on a volume basis.And as expected, the RBA sat pat with its cash rate target at 4.1%. But once the Federal election is out of the way, markets expect them to cut the policy rate by -25 bps on May 20, 2025.Global air cargo demand is now coming off the boil as trade uncertainties build. The dip at that point wasn't large and it is still ahead year-on-year but with both US and European demand now negative on the year-ago basis, and the Asia expansion slipping rather quickly, it won't be long before we are reporting air cargo activity shrinking.Global air passenger demand held up in February, with the impetus slowed notably. International demand is holding up better than domestic, and the Asia/Pacific region is the best of these. The main weaknesses are in North American air travel.The UST 10yr yield is now at 4.15%, down -10 bps from yesterday at this time. The price of gold will start today at just on US$3106/oz and down a net -US$12 from yesterday and off its all-time high.Oil prices are little-changed from yesterday at just under US$71.50/bbl in the US and the international Brent price is now just on US$74.50/bbl.The Kiwi dollar is now at 56.9 USc and up +20 bps from this time yesterday. Against the Aussie we are unchanged at 90.8 AUc. Against the euro we are up +20 bps at just over 52.7 euro cents. That all means our TWI-5 starts today now just under 66.5 and up +20 bps.The bitcoin price starts today at US$85,116 and up +2.1% from this time yesterday. Volatility over the past 24 hours has been modest at +/- 1.8%.You can find links to the articles mentioned today in our show notes.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.

Referent tant pel que fa els equipaments clínics i de diagnosi, com per a l'atenció i la formació en l'àmbit de la medicina esportiva, la nutrició i tots els àmbits vinculats al benestar emocional. A través d'un acord amb la immobiliària Vertix, que invertirà 15M€ en la construcció del centre, l'empresa Serveis Mèdics Penedès gestionarà un nou centre mèdic a Sitges, que estarà situat en la parcela de terreny que fa cantonada entre el camí dels Capellans i el carrer Lola Anglada. L'equipament tindrà una superfície de 6000m2, que inclouran el centre mèdic, un centre de formació superior en l'àmbit esportiu, i un centre de recuperació funcional. SMP hi invertirà 3,5M€. N'hem parlat amb el doctor Josep Panyella, fundador de Serveis Mèdics Penedès, i Jordi Farnós, director general de Vèrtix. L'entrada SMP vol que el centre mèdic de Sitges sigui un referent del sector. Es preveu que obri el primer semestre del 2027 ha aparegut primer a Radio Maricel.

Kia ora,Welcome to Wednesday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news the own goals keep coming for the US.But first, the overnight dairy Pulse auction came in with the opposite results signaled by the derivatives market. The SMP price was expected to bounce back after the weakish full auction event the week before, but basically it didn't. And the WMP price was expected to fall sharply. It did fall, but it was minor in the end. So these Pulse signals ended up changing little.Last night's 2025/26 Australian Budget didn't deliver any real surprises in the end, although it is clearly an election budget. But it is one where the dominant challenge has shifted from battling inflation's effects to preparing for global trade instability, and great power rivalry. Australia is facing being abandoned by the US while it also faces rising security challenges from China.Although they are facing budget deficits that could be -1.5% of GDP next year, and probably ongoing deficits for the next ten years, they are accepting that as they announced new spending of about AU$35 bln with much of it focused on cost of living support, some modest tax cuts, and defense. There is a rise in off-budget spending as well. So their funding program there will be growing fast.In the US, last week's Redbook retail survey showed sales held up to be +5.6% higher than year-ago levels. However with inflation rising, and quite quickly now, this isn't as impressive as it was in 2024 when inflation was basically under control.Those fears of returning inflation (from tariffs) are behind a tumble in American consumer sentiment, reversing to lows not seen since the last Trump presidency. The Conference Board survey's expectations index was particularly hard hit, and now sits at a level they say indicates recession ahead. This survey back up the earlier University of Michigan one.And ratings agency Moody's is warning that even in the best scenario, the US's situation is likely to get worse under the current policy direction.But not all sectors are drooping. New dwelling sales are holding at average levels, up +1.8% in February from a year ago, and up +5.1% from year-ago levels. But inflation might be behind this recent small demand rise - buyers getting in before inflation hits existing stock, and before interest rates rise again.But the next regional Fed district to report is saying things in their Mid-Atlantic region are slowing. The Richmond Fed's factory survey has yawed from a small expansion to a moderate contraction in their March survey. Observers had expected the measure to rise to a faster expansion, so the variance is notable. New order levels fell, prices paid for inputs rose faster than expected. The clearest example is the new record-high rise for copper.An interesting phenonium is developing in US equity markets. Retail investors are turning bullish, driven partly by their political bias. At the same time, professional investors are taking advantage of them and are net sellers.Their northern neighbour is talking about retaliatory export taxes as a way to get Trump to talk to them seriously. Their combination with American tariffs isn't going to help anyone.In Indonesia, their currency crisis is deepening, with the rupiah now at its lowest since the GFC.In China, their central bank has adjusted how it raises funds via its Medium Term Lending process. This may be an important change.The UST 10yr yield is now at 4.30%, down -2 bps from yesterday at this time.The price of gold will start today at just on US$3026/oz and up a net +US$17 from yesterday.Oil prices are down -50 USc from yesterday at just over US$68.50/bbl in the US and the international Brent price is still just over US$72.50/bbl.The Kiwi dollar is now at 57.4 USc and up +20 bps from this time yesterday. Against the Aussie we are down -10 bps at 91 AUc. Against the euro we are up +10 bps at just under 53.1 euro cents. That all means our TWI-5 starts today just under 66.8, and little-changed.The bitcoin price starts today at US$87,803 and down -0.3% from this time yesterday. Volatility over the past 24 hours has been modest at +/- 1.2%.You can find links to the articles mentioned today in our show notes.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.

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Jarden’s head of commodities says giving only a cursory view you would be forgiven for being excited by last night’s unchanged GDT auction result, [WMP 0.2%, SMP -0.4%, AMF -1.8%, Butter 1.1%, and Cheese 1%] when of course the devil lies in the detail. Given how the index is compiled, he says the flat overall result may hide some of the more dramatic moves in the numbers that count to New Zealand dairy farmers.See omnystudio.com/listener for privacy information.

Text me your feedback.Instead of speculating endlessly about why you might be avoiding something, ask the part that's hesitating!Based on Internal Family Systems (IFS), this guided parts work practice will help you identify and get to know the part (or parts) that are resisting taking action. If you're new to IFS Parts Work, check out Episode 29 for a primer and 30 for a basic guided practice. You might also appreciate Episode 100 for a deeper dive into what lies underneath resistance. 

Kia ora,Welcome to Wednesday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news there are plenty of bumps in the economic road to note today.But first up today, there was another full dairy auction overnight, one that analysts had been nervous about and the derivatives market saw downside risks (on the uncertainties of how dairy product distortions would fare in the growing tariff disputes). In the end overall prices were unchanged - so no bump here - which the industry will take as a 'win'. But that is in USD terms. In NZD terms it certainly wasn't with prices down -3.3% overall as the USD weakened. Butter inched higher, and to a new record level. So did cheese. But WMP was little-changed, and SMP fell -0.4%. China was in there buying although not with notable enthusiasm.All eyes now turn to Fonterra's interim report on Friday, and the expectations are for only minor tweaks to their payout levels over that they have already announced at record highs.In the US, the retail impulse tracking though the Redbook index still shows a strong year-on-year +5.2% gain compared to the same week a year ago, but the advantage is fading and has done so each week in March so far. We don't get a week-on-week reading but for that year-on-year gain to fall from +6.6% three week ago, there must be a sharpish recent fall away.American housing starts unexpectedly jumped +11.2% in February from January, but that was just making back the -11.5% fall the prior month. The February 2025 build rate was at 1.501 mln units whereas the February buodl date was at 1,546 mln units so a -2.9% retreat on that basis.It was a similar story for US industrial production - up more in February from January (+0.7%) than expected (+0.3%), but the gains were less (+1.4%) than year-ago levels (+1.7%).There was a US Treasury 20 year bond auction earlier today and it brought less support, and at a median yield of 4.60%. The better supported prior equivalent event a month ago was at a median yield of 4.77%.Canada reported its CPI inflation rate at 2.6%, which was a notable rise from their January level of 1.9% and an expectation of 2.2%. It is probably only going to get worse from here due to the snarky tariff war the Americans started and the Canadians collective reactions. Their monetary policy decisions are based on "trimmed mean" rates, and they only moved up slightly.Across the Atlantic in Germany, and by a two thirds majority, their parliament has approved a massive €1 tln funding increase to allow it to build its defence capability and support Ukraine. It is a massive change in attitude to their fiscal policy direction.In the Pacific, Indonesia's stock market halted trading yesterday for the first time since 2020 after their market plunged more than -7% from Monday's close. Substantial concerns over economic stability and consumer sentiment are behind the move.In China the property sector woes are far from over. Another major developer, Sunac, has issued a major 'profit warning', actually a major warning about huge losses. Demand for its projects is very weak.In Australia, a superannuation fund has been convicted of greenwashing and ordered to pay a fine of more than AU$10 mln for making false claims about how it invested funds.The UST 10yr yield is now at 4.27%, down -3 bps from yesterday at this time. And we should probably note that the Tesla share price is down another -6% so far today.The price of gold will start today at just on US$3036/oz and up a net +US$42 from yesterday, and another all-time high.Oil prices are down -50 USc from yesterday at just under US$67/bbl in the US and the international Brent price is at just under US$70.50/bbl.The Kiwi dollar is now at 58.2 USc and unchanged from this time yesterday and maintaining its recent gains. Against the Aussie we are up +20 bps at 91.4 AUc and a new three-month high. Against the euro we are unchanged at 53.2 euro cents. That all means our TWI-5 starts today just over 67.3, and marginally firmer.The bitcoin price starts today at US$81,895 and down -1.9% from this time yesterday. Volatility over the past 24 hours has again been moderate at +/- 2.1%.You can find links to the articles mentioned today in our show notes.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.

The ASX 200 rose another 64 points to 7854 (0.8%) with the banks finding bargain hunters, CBA up % and ANZ rallying % as the Big Bank Basket hit $236.48 ( +1.2%). Financials were mixed, MQG up 1.3% with GQG down 0.5% and PNI rallying 3.2%. REITs were flat as GMG rose 0.3%. Industrials a mixed picture, QAN down 0.9% and WOW and COL slipping slightly, Tech mixed, WTC down 0.6% and XRO up 1.0%. Retails stocks firmed, LOV up 4.2% and PMV rising 1.3% with DMP up 3.6%. Footy has started perhaps! MYR also had a good day, up 3.3%. Resources were the stand outs, BHP up 2.4% and FMG rallying 4.2%. Lithium shorts scrambling to cover with MIN up 11.6% as UBS upgraded. PLS rallying 7.1%. LTR also doing well, roaring 6.2% ahead. Gold miners were slightly better, GMD up 1.8% and SPR rose 9.1% as RMS made its move to merge. Oil stocks formed, WDS up 1.9% and coal better too, WHC up 2.5% with uranium stocks finding a little love. In corporate news, the NAB CFO has switched banks to WBC, SMP jumped 47.1% on news TYR and another was looking at a bid. Nothing on the economic front, Asian markets pushed hard, Japan up 1.3%, HK up 1.3% and China flat. 10-year yields 4.41%.Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

We're sharing our episode a few days early this week and it contains two segments. Jay Ward Hunger Strike First up, a recent interview with James “Jay” Ward. Jay was featured in a show about a year ago: he went into prison at 15 years old in Ohio and has been in for 19 years at this point. He participated in the 2018 Nationwide Prisoner Strike as well as other self-advocacy protests since and is trying to raise funds with his outside supporters to pay for a lawyer to help him win his release as his mandatory minimum date comes up next year. When this was recorded, Jay was 11 days into a hunger strike demanding a return of his personal items and a transfer to a space where he won't be targeted for violence by gangs, alongside a couple of other requests listed in his letter at the end of this post. You can hear how tired he is from subsisting only on water for the last week and a half, struggling to keep focus and concentrate on the conversation throughout our chat. You can find his gofundme for updates and ways to donate.  If you want to support his hunger strike, his supporters are requesting people call between 9am and 5pm central time (Mon-Fri) the following numbers to voice concern for the safety and conditions of James Ward A517461 on hunger strike : Mansfield Correctional Institution at 419-525-4455 and ask to talk to Warden Harold May the Central ODRC office at 614-387-0588 At the bottom of our show notes you can find Jay's public announcement of his circumstances and requests. You can also email your concerns to drc.manci@odrc.state.ohio.us as well as to the ODRC Director Annette Chambers-Smith (via annette.chambers-smith@odrc.state.ohio.us ). Jay is wanting people to reach out to contact him via his mailing address (below) or JPay.com (using the info in his mailing address): James Ward A517461 Ohio Department of Rehabilitation and Correction Mail Processing Center (OMPC) 884 Coitsville-Hubbard Road Youngstown, Ohio 44505 Antifascist Voices in Europe Then you'll hear an interview conducted by our comrades at crna luknja in Ljubljana, Slovenia with antifascists countering neonazi demonstrations in Budapest, Hungary, and Sofia, Bulgaria. This was featured in the latest episode of B(A)D News from the A-Radio Network, a monthly podcast from a network that we affiliate with and worth checking out for “angry voices from around the world”. Finally, you'll hear Sean Swain's promise for a brighter, goldener era for the USA (and subsequently the world) Announcements Malik Muhammad Phone Zap There's a phone zap currently on to move 2020 "Palestinian pansexual Muslim... anarchist antifascist, anti-racist abolitionist" prisoner Malik Muhammad out of solitary confinement at Snake River Correctional in Oregon. Call Snake River Correctional with the following demands weekdays between 9am and 5pm pacific time: Return Malik to general inmate population; Restore communications rights and mail; Return all books and possessions immediately; End the persecution now! Master Control: 541-881-5018 Superintendent: 541-881-5002 Inspector: 541-881-5081 Chaplains: 541-881-4624, 541-881-4625, 541-881-4626, 541-881-4686 General Line: 541-881-5000 Please write to Malik and let him know you stand with him! Malik Muhammad #23935744 Snake River Correctional Institution 777 Stanton Blvd Ontario, OR 97914-8335 *Note*: Please include page numbers and return addresses on each page because the prison typically does not give inmates the envelopes. Update on Fund Raising and supporting TFSR A quick update to the patreon request we made in recent episodes: We're back where we were a month ago, covering the basic costs. Big thanks to those who stepped up to help! We have other costs beyond that (printing and mailing our small contribution to prisoner zines per month, replenishing our stickers, equipment upgrades) that we could also use support in if you have a few bucks a month. We have that patreon with it's early audio releases and other thank-yous, or anonymized payments via liberapay that can be one-time or recurring. We also have a big cartel store with some merch and can take payments via venmo and paypal. These are linked at https://thefinalstrawradio.noblogs.org/donate If you appreciate the work we do but don't have the extra money, the best way to contribute is to get involved in face to face organizing where you are, integrating movements against oppression and capitalism into your life and brings others along with you since we can't get there without each other. If you want to support the podcast without money, you can spread word about the podcast by getting in touch, offering up graphic skills, helping us proof our transcripts, talking about us to friends, incorporating our zines or episodes into a discussion group, sending zines to prisoners, rating us on google and apple podcasts or spreading word on social media. We also take audio submissions and if you're interested in getting involved, the production and interviews don't get us paid but they open up avenues to talk to authors about their ideas as well as raise awareness and involvement in social struggles and pick up the skills along the way. And if you live in a place with a community radio station, public radio station or college radio station and want to hear us on the airwaves, get a few friends together and reach out to suggest our free, weekly radio show and hopefully some of the ideas will filter out to your neighbors. More info at our Radio tab. Thanks for listening! Statement from Jay on his conditions This is Jay's letter to the head of the Ohio DRC: Dear Annette chambers-smith This is James Ward from ManCI. The last time I wrote to you I had explained a lot to you that has been going on here concerning my safety. And after that letter the administration got mad at me for going to you because they have not been trying to do anything to really ensure my safety here at Mansfield. And I'm writing you again because I don't know who else to go to with my recent situation and concerns, because nobody has been helpful. And currently, my safety is back at risk. About 7 months ago right before the admin got the letter I sent you, UMC Henry got me placed in unit 4B (the faith based block here), mainly for my safety concerns. Every block that I've been put in since I been here, I've became a victim to gangs and have also got a hit put on me, which UMC Henry and the rest other admin doesn't want to believe although they seen and heard proof. So it makes it to where I have to go on PC invest, suicide watch or hunger strike to ensure my safety. But I honestly don't like being in the hole unless I legitimately did something wrong. So my current situation is that I am on hunger strike to ensure my safety, but also for other reasons that I will explain. When I got put in 4B, its an inmate that the unit refers to as frank (4B/128 bottom) and they basically let him control the operation of the block. How? He's been in that block for a long time and manages the faith base programs, etc. But due to the reputation he has built up with the unit staff, Sgt Knowlton and others believes everything he tells them. So when I first got moved over their, I was honestly selling food to people that didn't have any. But frank went to the unit and told them that I was selling drugs to try and get me moved out of the block. The unit called me over and talked to me about it and I stopped selling food for awhile. I was do in everything I was required to do and haven't got no ticket. Recently, I was trying to organize a group meal for people that really didn't have much. And an inmate named Green wanted to be involved. But when I told Green that a prisoner support group was going to do a fundraiser to raise the money for the meal he backed out. He then went to inmate frank and told frank that I was trying to scam people and get them outside cases. Franks celly told me that frank said this and was going to put a stop to what I was doing. Next thing you know I'm on the list to move out of the block ( I was sent to 2B). I then sent a kite to Sgt. Knowlton and basically asked him why I got moved and also told him things that frank and others are doing in that block, but he disregarded everything I told him and only told me "you were doing too much, use your imagination". So I then kited UMC Henry and told him what happened and he said he'd look into it. But before Henry could let me know anything, my Cally told me that someone wanted him to take the hit on me. I then went on suicide watch to ensure my safety. Because PC invest has not gotten me anything and they put you in a cell with someone else that can have their family look you up. That's what people do here (sneak thru your stuff to find your ID number and have their family look you up). And I also started my hunger strike because I know that the admin won't do anything to help me. Recently, henry talked to me and said that he will investigate what happened in 4B, but that a hunger strike isn't how I will get moved back. But for me to go to a regular block while he investigates. And I get it that a hunger strike is not the way to get moved back, but I refuse to go to a regular block where my safety will be at risk. Henry wanting me to go to a regular block while he investigates is like saying go get jumped on while I look into this. 4C is the only block here that I will be safe in, because its the intake block (all of the new people that don't know anything about e hit on me goes to that block), but Henry will not put me there. During the time that I was on PC invest before I got moved to 4B, I found out that property of mine came up missing from the TPU vault. While I was in TPU I was writing complaints on LT. Brooks and Sgt. Risner for not allowing me to do my 2.4. The end result was that the active AIIS at the time (B. Lower) and the IIS D. Blankenship falsified a modified response to my complaint to make it seem like I was lying and that they found the items in my cell. But 2 days before Lower came to search my cell, I was called to the inspectors office concerning my lost property because someone in your office wanted to know what property was I talking about in my complaint. So I told them everything and that a theft report was filed. But the theft report was not put on onbase yet, so lower had to contact the block officer that wrote it (officer Comstock). So they called me back up to the inspectors office and offered to reimburse me with $42+ on my commissary and a few items from contraband. So I told them I'd think about it. They called me back up the next day and I told them I didn't want it because they wouldn't replace everything I was missing. So the next day after that is when lower came to search my cell. And when he left he told me that I should have taken the deal. After that, IIS Blankenship wrote 13 false statements in her modified response, which is a criminal offence that I can prove with the paperwork that I have. And now they have lower walking around as a Lt. Blankenship was already caught falsifying state documents in Darryl Smith' lawsuit. I been 5 years R.I.B ticket free. 3 of those years was when I was in level 4. I been here 2 years with no real trouble. The first year when I went up for my security review it was said that I needed time to adjust. This past year when I went up, the admin recommended level decrease. But then I find out that I didn't get my level dropped, because an incident that took place 8 years ago and isn't true. The BOC said that my level decrease was denied because I tried to kill a staff. I've never been a threat to anybody since I been locked up. And the time that they referred to is when I had just got put in a regular cell on suicide watch. They didn't have a crisis cell to use. So the cuff port had to stay open. And I had joked with the officer saying that I found a razor, so without really knowing if I had one he sprayed me in the face with OC. So they removed me from the cell to clean it, but they never found a razor. And I told them not to put that officer back on my watch cuz he sprayed me for no reason, and I was honestly mad. But they put him back on my watch. So to try and get him off my watch, in a fast motion I acted like I was reaching out to grab him. He was too far from the door for me to grab or anything, but he wrote me up saying that I tried to cut him with a razor. And they never allowed me to go to my R.I.B or SMP hearing. But that happened 8 years ago. And majority of that time since then I have continuously show a dramatic change in my behavior with no R.I.B tickets. I believe the only reason my level decrease was denied is because UMC Henry contacted someone in your office to find something that they can use against me to hold me here. Because I have wrote complaints against Henry and wrote that letter to you. And he knows how much I been wanting to leave this prison, but he won't transfer me even though my safety is continuously at risk here. Lastly! I have chronic damage in both of my shoulders that causes them to be able to dislocate if I'm not paying attention to how I use my arms, mainly only when it comes to having my arms outstretched or if I have to climb something. The last time I was placed on the top bunk, my left shoulder dislocated when I was trying to climb up. I feel backwards and busted my head open on a dresser, then on the floor. And that is in my medical record from when I was at W.C.I. And since then, I have had many other dislocations that is in my medical record. I was given bottom rack restriction each time, but I never really needed it since I been at level 4. Since I been here I been trying to get it back but medical tells me its not required for my injuries. They gave it to me for 3 months and that was it. If my shoulder dislocates while trying to climb onto the top bunk and I bust my head open again, then I can sue the medical department for negligence and deliberate indifference because I have told them about my chronic dislocations and they choose not to do anything about it. All I ask for: 1) My property to be replaced 2) My bottom bunk restriction 3) My level decreased so I can leave ManCI 4) If I can't get 3, then I ask to be placed in 4C for the remaining time that I'm at ManCI These are reasonable request and within reason.

Nedsläpp Hockeypuls skickas denna tisdag ut i etern tillsammans med SMP:s Daniel Enestubbe och JP-sportens Carl Ljungquist. Sammanfattning av SHL-säsongen och en blick mot kvalet och åttondelarna väntar i veckans avsnitt.

Nedsläpp Hockeypuls skickas denna tisdag ut i etern tillsammans med SMP:s Daniel Enestubbe och JP-sportens Carl Ljungquist. Sammanfattning av SHL-säsongen och en blick mot kvalet och åttondelarna väntar i veckans avsnitt.

In this latest episode, "friend of the show" Brenda Schmelling fills in for Shane as Pastor Dan is joined by Dave and Laurie Gallagher for an insightful discussion on the Specific Ministry Program (SMP) in the Lutheran Church-Missouri Synod.Dave has not only been accepted into this rigorous program but will soon officially serve as the SMP pastor for St. Luke's Lutheran Church in Federal Way. Together, we explore what the SMP program is, who it's for, and how it equips individuals for ministry in specific contexts.Whether you're part of a congregation, considering ministry yourself, or simply curious about how pastoral training works within the LCMS, this episode is packed with valuable insights. Join us as we celebrate this exciting new chapter for Dave and learn more about the path to pastoral ministry through SMP!Don't forget to continue the conversation at home, in the car, at work, or anywhere you can find someone to talk to! Thanks for walking with us!Support the show

Selamat menjalankan bulan suci ramadan 2025!Makin dewasa yang ditunggu malah bulan ramadannya bukan hari raya idul fitrinya, karena rasanya bisa 10000% lebih deket sama Allah dan banyak cerita ! Nah biasanya kalau udah bulan ramadan gini undangan bukber alias buka puasa bersama membludak, mulai dari temen SD,SMP,SMA sampai TK kalau ada juga udah bukber tuh, tapi kadang selain permasalahan keuangan karena bisa-bisa sebulan penuh bukber dan reuni ada faktor lainnya yang bikin orang minder buat bukber, bisa jadi malah jadi ajang pamer dan saingan yang ujungnya malah draining. Kan gak lucu ya niat silaturahmi malah bawa pulang dendam dalam hati, makanya yuk kita menggunakan moment bukber ini dengan sebijak mungkin, kalau ada temen yang lebih pilih gak ikut bukber karena emang pengen fokus ibadah jangan dibikin drama ya ! - xo

Tickford Sydney Domination - Cam Waters Cam Waters talks about the SMP weekend and how he wants to take that momentum to the AGP. From the race track to your device with Tony Whitlock on Inside Supercars Inside Supercars Podcast: Subscribe Apple Podcasts I Spotify I Google Podcasts Supported by: P1 Australia Link:P1 Australia MusicCreative Commons Music by Jason Shaw on Audionautix.com MusicComa-Media from Pixabay #RepcoSC #TCRAust #Supercars #Motorsport #ADL500

Tickford Sydney Domination - Cam Waters Cam Waters talks about the SMP weekend and how he wants to take that momentum to the AGP. From the race track to your device with Tony Whitlock on Inside Supercars Inside Supercars Podcast: Subscribe Apple Podcasts I Spotify I Google Podcasts Supported by: P1 Australia Link:P1 Australia MusicCreative Commons Music by Jason Shaw on Audionautix.com MusicComa-Media from Pixabay #RepcoSC #TCRAust #Supercars #Motorsport #ADL500

Kemdikbudristek berencana menerapkan ujian di akhir masa pendidikan SD, SMP, dan SMA yang bersifat pilihan atau tidak wajib.(ROLL VO)Hal ini ditegaskan Menteri Pendidikan Dasar dan Menengah, Abdul Mu'ti, saat berkunjung ke Kampus Aisyiyah, Yogyakarta. Menurutnya, nantinya akan diterapkan Tes Kemampuan Akademik (TKA) sebagai pengganti Ujian Nasional yang bersifat tidak wajib untuk siswa SD, SMP, dan SMA. Namun, hasil TKA ini akan digunakan sebagai landasan untuk mengikuti tes masuk jenjang selanjutnya.Perubahan lainnya adalah pada sistem zonasi penerimaan siswa baru, dengan memungkinkan pendaftaran di sekolah terdekat dengan rumah, meski berada di wilayah administratif yang berbeda.

Dibawakan oleh Ratna dan Raymond dari Komunitas Pukat Labuan Bajo di Keuskupan Labuan Bajo, Indonesia. Sirakh 5: 1-8; Mazmur tg 1: 1-2.3.4.6; Markus 9: 41-50JANGAN MENUNDA PERTOBATAN Tema renungan kita pada hari ini ialah: Jangan MenundaPertobatan. Seorang siswa mulai belajar mengisap rokok sejak memasuki SMP.Pertama-tama ia belajar dari bapaknya di rumah yang sangat gemar merokok. Disekolah pun ia mengikuti kebiasaan para guru yang merokok. Di antara temansebaya, mereka berbagi rasa suka-ria dan bangga untuk merokok. Ibunya menasihatkan supaya ia berhenti merokok. Iaberjanji bahwa setelah selesai ujian kenaikan kelas, ia berhenti. Tetapi iatidak menepati janjinya, bahkan ia semakin suka merokok. Ia berkata kepadaibunya untuk berhenti nanti setelah kelas dua. Ternyata janjinya itu tidakdibuktikan setelah di kelas dua, dan seterusnya di kelas tiga, hingga ia tamat SMP.Di SMA, kesukaannya merokok tidak terbendung lagi. Ia merokok dengansebebas-bebasnya. Banyak orang menegur, menasihatkan dan mengusulkancara-cara agar ia menghentikan kebiasaan merokok. Tetapi ia selalu berkatabahwa nanti ia akan berhenti merokok. Ia menunda sekali, berikutnya menunda,dan berikut lagi menunda. Sampai ia selesai kuliah dan mulai bekerja, ia sudahmenjadi seorang pencandu. Ia selalu merokok dan satu-satunya saat ia tidakmerokok ialah ketika sedang tidur. Pada akhirnya konsekwensi itu datang. Iamulai mengeluh sakit kepala. Ketika didiagnosa oleh dokter, kabar buruk bagai menamparkeras wajahnya ialah, bahwa ia diserang kanker paru-paru. Dokter mendapatkan semua cerita hidupnya dan kesimpulanyang dikatakan ialah, bahwa laki-laki itu selalu menganggap remeh semua nasihatdan peringatan untuk berhenti merokok. Sebagai akibatnya, ia selalumenunda-nunda janjinya untuk berhenti merokok. Akhirnya, penundaan panjang itumengirim dia ke situasi pahit dengan vonis dokter bahwa kanker paru-paru yangmenyerangnya akan segera menentukan nasib hidup dan matinya. Nasihat dan peringatan untuk tidak menunda-nundapertobatan bukan hanya untuk si lelaki tadi. Jauh sebelum datangnya Yesus kedalam dunia, kitab Putera Sirakh sudah memberikan peringatan kepada setiapmanusia untuk tidak menunda-nunda pertobatan. Setiap dari kita pasti tidakmemiliki kekuasaan sempurna untuk melawan dan menghalau dosa. Besar atau kecil,sedikit atau banyak, kita pernah jatuh dalam dosa. Namun demikian, Tuhan sudahmenyediakan jalan pertobatan sebagai cara untuk mendapatkan kebebasan dan keselamatan.Jadi pertobatan itu mutlak untuk dilakukan saat ini dan di tempat ini, agarkita dapat selamat dan bahagia. Penyesalan kemudian sangat tidak berguna.Pertobatan menjadikan kita selamat meski kondisi kita sudah terlanjur lukakarena dosa, daripada kondisi dengan lengkap tetapi ternyata kita tidakselamat.Marilah kita berdoa. Dalam nama Bapa... Ya Tuhan Yesus,perkuatkanlah iman kami akan semangat pertobatan demi keselamatan kami.Kemuliaan kepada Bapa dan Putra dan Roh Kudus ... Dalam nama Bapa ...

NFDM and SMP prices across the major dairy exporters were all lower this week. Alfredo Resendiz Rojo has been in contact with buyers and traders of NFDM in Mexico and gives his view of the market.

Text me your feedback.As a practice of being, Yin Yoga creates a unique container for exploring the restless impulses to fix while encouraging us to relax into self-acceptance. In this short practice, Jen shares three postures that target the Earth element as a way of amplifying stabilizing yin energies while directing attention to the Hara - the belly center - as a  way to deepen into your home ground. Postures in this practice:Reclining ButterflyReclining Twist Supported Pontoon (bridge with extended legs)Props:One block (or similar object) - necessaryAdditional block or two small cushions - optionaljournal - optional The practice follows a brief introduction at 2:10. If your podcast player supports chapter markers, you can skip ahead.Skillful Means Podcast offers these guided practices to help you deepen into your yoga and mindfulness journey.Support the show~ ~ ~SMP welcomes your comments and questions at feedback@skillfulmeanspodcast.com. You can also get in touch with Jen through her website: https://www.sati.yoga Fill out this survey to help guide the direction of the show: https://airtable.com/appM7JWCQd7Q1Hwa4/pagRTiysNido3BXqF/form To support the show, consider a donation via Ko-Fi.

Through the 1970s and 1980s Louis Eppolito and Stephen Caracappa served in the NYPD, rising through the ranks, each becoming decorated detectives. They are also responsible for what may qualify as the department's darkest chapter. For years the two cops operated not only as paid informants for the Lucchese organized crime family, but served as mob henchmen, committed a multitude of crimes and were involved in at least fifteen murders. And they came remarkably close to getting away with all of it. Michael Cannell, a former editor at the New York Times and author of the critically acclaimed A Brotherhood Betrayed, now has written the definitive account of the crooked cops' escapades and the trail of terror they left-which included the deaths and wrongful imprisonment of wholly innocent people-in BLOOD AND THE BADGE: The Mafia, Two Killer Cops, and a Scandal That Shocked the Nation (January 14, 2025; SMP). "Cannell pulls back the veil to reveal law enforcement's most lurid chapter, an entwined tale of decorated detectives on the mafia payroll - a true account of police depravity unearthed with intensive reporting." -Joe Pistone, New York Times bestselling author of Donnie Brasco "Michael Cannell's Blood and the Badge details the extraordinary 'Killer Cops' investigation, a harrowing story of corruption and murder within law enforcement itself. Cannell misses nothing."-Nicholas Pileggi, bestselling author of Wiseguy and co-writer of the Academy Award-winner Goodfellas Become a supporter of this podcast: https://www.spreaker.com/podcast/arroe-collins-unplugged-totally-uncut--994165/support.

In this episode of the Solar Maverick Podcast, Benoy sits down with Chris Grablutz, Principal and Co-founder of Tri-Force Energy—a leading Commercial & Utility Solar Inspection, Testing, and Maintenance company serving NJ, NY, and PA. Chris shares expert insights on optimizing solar project performance through effective O&M strategies, repowering aging assets, and emerging trends shaping the future of the solar industry.   Benoy Thanjan Benoy Thanjan is the Founder and CEO of Reneu Energy and he is also an advisor for several solar startup companies.  He has extensive project origination, development, and financial experience in the renewable energy industry and in the environmental commodities market.   This includes initial site evaluation, permitting, financing, sourcing equipment, and negotiating the long-term energy and environmental commodities off-take agreements. He manages due diligence processes on land, permitting, and utility interconnection and is in charge of financing and structuring through Note to Proceed (“NTP”) to Commercial Operation Date (“COD”). Benoy composes teams suitable for all project development and construction tasks. He is also involved in project planning and pipeline financial modeling. He has been part of all sides of the transaction and this allows him to provide unique perspectives and value. Benoy has extensive experience in financial engineering to make solar projects profitable. Before founding Reneu Energy, he was the SREC Trader in the Project Finance Group for SolarCity which merged with Tesla in 2016.  He originated SREC trades with buyers and co-developed their SREC monetization and hedging strategy with the senior management of SolarCity to move into the east coast markets.  Benoy was the Vice President at Vanguard Energy Partners which is a national solar installer where he focused on project finance solutions for commercial scale solar projects.  He also worked for Ridgewood Renewable Power, a private equity fund, where he analyzed potential investments in renewable energy projects and worked on maximizing the financial return of the projects in the portfolio.  Benoy also worked on the sale of all of the renewable energy projects in Ridgewood's portfolio.   He was in the Energy Structured Finance practice for Deloitte & Touche and in Financial Advisory Services practice at Ernst & Young.  Benoy received his first experience in Finance as an intern at D.E. Shaw & Co., which is a global investment firm with 37 billion dollars in investment capital. He has a MBA in Finance from Rutgers University and a BS in Finance and Economics from the Stern School of Business at New York University.  Benoy was an Alumni Scholar at the Stern School of Business.       Chris Grablutz  Chris Grablutz has worked in the solar industry since 2010 with a wide network of great solar professionals and deep roots in northeast solar markets. His work in commercial, industrial, and utility scale solar has been focused on the technical aspects such as design engineering, construction management, QA/QC, Testing, and Operations & Maintenance. With a degree in Applied Physics and engineering background, Chris is a very detailed, logical, and process driven leader. Chris was also a NCAA Division I wrestler and grew up working for a family-owned construction company, which has contributed to his work hard attitude. In 2010, he entered the solar industry as a Project Engineer at Pfister Energy, a New Jersey based EPC firm. Chris supported commercial PV designs. Project and construction management came naturally to Chris from his upbringing in a family-owned construction firm. Chris managed the solar installations on multiple school district portfolios, UPS distribution facility, Teterboro Airport hangers, low and moderate income (LMI) apartment complexes, and building-integrated PV (BIPV) and building-integrated solar thermal systems at Camp Lejeune Marine Base in North Carolina. As the Director of Field Services at PV Pros and Pure Power Engineering, he led the creation of a commercial PV installation division. Chris grew the team to over 30 in-house employees with Job Site Safety, Technical Training, Quality Control, Staffing, and Project Management under his purview. In 2016, he led a start-up effort to transition from regional commercial construction into a national technical services firm, providing Operations and Maintenance (O&M), Owner's Engineer, and Independent Engineering. As the Director of Business Development, Chris's team led the sales of over 1GW of Owner's Engineer, Independent Engineer, and commissioning agent. His team's O&M sales included over 200MW of long-term O&M agreements. The O&M division completed multiple large service projects including PV system removal & re-installations. He continued his career in technical sales as the Director of Business Development at Clean Energy Associates, a global leader in solar manufacturing quality assurance, supply chain management, engineering services, and supplier/market intelligence programs.   Stay Connected: Benoy Thanjan Email: info@reneuenergy.com  LinkedIn: Benoy Thanjan Website: https://www.reneuenergy.com   Chris Grablutz Linkedin:  https://www.linkedin.com/in/cgrablutz/ Email:  info@triforceenergy.com Website:  https://triforceenergy.com/   Chris Grablutz's previous episodes on the Solar Maverick Podcast   SMP 07-SMP 07: Getting down to Earth with Solar: Construction, quality control and O&M insights from Chris Grablutz   https://solarmaverick.podbean.com/e/smp-07-getting-down-to-earth-with-solar-construction-quality-control-and-om-insights-from-chris-grablutz/   SMP 42-LIve How Solar Technology is Changing the world? https://solarmaverick.podbean.com/e/smp-42-live-event-how-solar-technology-is-changing-the-world/ The book that Chris spoke about during the podcast is Traction: Get a Grip on Your Business by Gino Traction: Get a Grip on Your Business. Two companies that Chris discusses in the podcast. Ecosuite https://ecosuite.io   Solargrade https://solargrade.io   Chris will be attending RE+ in Boston on Feb 12 to 13, 2025. If you want to meet with him at the conference, email him at info@triforceenergy.com.   Thank you to Concentro for sponsoring this episode of the Solar Maverick Podcast! Concentro's mission is to create and promote accessible financing mechanisms for distributed generation projects. As we work towards a cleaner, more reliable, and affordable energy system, they strive to empower developers with the financial tools they need to succeed.  Below are the link to the podcast and the contact information of Iñigo and Tao who were on Episode 186. https://podcasts.apple.com/us/podcast/solar-maverick-podcast/id1441876259?i=1000679191495   Iñigo Rengifo Melia Email:  inigo@concentro.io Linkedin:  https://www.linkedin.com/in/inigo-rengifo-melia/ Website: https://www.concentro.io/   Tao Mantaras Email:  tao@concentro.io Linkedin:  https://www.linkedin.com/in/taomantaras/ Website:  https://www.concentro.io/  

We've seen choppy but downward trending price action in EEX butter and SMP futures. Fearghal McCabe comes on to talk about what he is seeing in the EU dairy markets.

Success doesn't happen by accident—it takes strategic planning, intentional growth, and a clear vision. In this episode of Whiskey & Business, Josh and Travis of TBD Marketing sit down with David Kelman, owner of Lake City Deluxe Barber Shop and SMP INK CDA, to discuss how he built Coeur d'Alene's first luxury barber shop and expanded his business with scalp micropigmentation (SMP), opening the door to franchising. Learn how moving with purpose, smart business planning, and innovation can turn a local brand into a thriving franchise.

Fonterra’s president of global market ingredients reviews another great GDT auction with a 3.7% rise across the board (WMP +4.1%, SMP +4.7%). So, if $10 is locked in, what about $11 for 24/25?See omnystudio.com/listener for privacy information.

Jarden's head of commodities comments on reversal in fortunes with last night's 1.4% increase in the GDT auction mirroring the fall in the first auction of the new calendar year (WMP 5%, SMP 2%, AMF -7.8%, Butter 2.2%, and Cheese 2.8%). Does this lock in Fonterra's $10 milk price? Which is where the futures market is currently sitting. See omnystudio.com/listener for privacy information.

Text me your feedback.This preview pod explores the concept of upaya (skillful means) and its relevance in today's polarized world + how this focus will be reflected in the next iteration of the show. Jen emphasizes the importance of developing presence and awareness in order to meet life's challenges with courage and heart.Highlights include: • Cultivating what Roshi Joan Halifax calls a strong back and soft front• What kind of awareness is needed for this moment• Recognizing "lab time" on the mat as preparation for real-life challenges • Building a diverse toolkit of practices for various situations Listener feedback and support is essential to the evolution of the how, so don't forget to fill out the survey form: https://airtable.com/appM7JWCQd7Q1Hwa4/pagRTiysNido3BXqF/form~ ~ ~SMP welcomes your comments and questions at feedback@skillfulmeanspodcast.com. You can also get in touch with Jen through her website: https://www.sati.yoga Fill out this survey to help guide the direction of the show: https://airtable.com/appM7JWCQd7Q1Hwa4/pagRTiysNido3BXqF/form To support the show, consider a donation via Ko-Fi.

Through the 1970s and 1980s Louis Eppolito and Stephen Caracappa served in the NYPD, rising through the ranks, each becoming decorated detectives. They are also responsible for what may qualify as the department's darkest chapter. For years the two cops operated not only as paid informants for the Lucchese organized crime family, but served as mob henchmen, committed a multitude of crimes and were involved in at least fifteen murders. And they came remarkably close to getting away with all of it. Michael Cannell, a former editor at the New York Times and author of the critically acclaimed A Brotherhood Betrayed, now has written the definitive account of the crooked cops' escapades and the trail of terror they left-which included the deaths and wrongful imprisonment of wholly innocent people-in BLOOD AND THE BADGE: The Mafia, Two Killer Cops, and a Scandal That Shocked the Nation (January 14, 2025; SMP). "Cannell pulls back the veil to reveal law enforcement's most lurid chapter, an entwined tale of decorated detectives on the mafia payroll - a true account of police depravity unearthed with intensive reporting." -Joe Pistone, New York Times bestselling author of Donnie Brasco "Michael Cannell's Blood and the Badge details the extraordinary 'Killer Cops' investigation, a harrowing story of corruption and murder within law enforcement itself. Cannell misses nothing."-Nicholas Pileggi, bestselling author of Wiseguy and co-writer of the Academy Award-winner Goodfellas Become a supporter of this podcast: https://www.spreaker.com/podcast/arroe-collins-like-it-s-live--4113802/support.

Fonterra's high-flying chief executive says a $10 milk price is still on the cards, despite a 2.8% easing in the GDT auction overnight (with WMP and SMP both down 2.9%), as the drop is cushioned by a softer exchange rate.See omnystudio.com/listener for privacy information.

The SMP boys are back to break down the President's Cup, Solheim, and Bourbon Classic talk, there's nothing like fall match play golf, get up and down

How do you turn academic setbacks into a stepping stone for medical school success? Join us as we sit down with Jennifer, the inspiring director of Georgetown's Special Master's Program (SMP), who shares her remarkable path from a pre-med student to a leader in academia. Jennifer reveals how her passion for teaching and research blossomed, steering her away from clinical practice and into a fulfilling career in education. Discover the unique history of Georgetown's SMP, the first of its kind established in 1975, offering a second chance for students to prove their mettle by taking actual medical school classes.In this episode, we shine a light on the pivotal factors that set students up for success in an SMP. Jennifer discusses the importance of addressing personal challenges such as family, financial issues, and mental health before committing to such an intense program. You'll hear the transformative story of Chad, whose dedication to his studies turned his academic life around. We also delve into the critical role of support systems and parent orientations, and the significant financial investment required for SMPs, highlighting the need for well-informed decisions.Moving forward, we explore the financial and academic incentives for choosing SMPs as a pathway to medical school. Jennifer provides valuable insights into the financial aid landscape, including reliance on federal loans, and explains why structured graduate programs often outshine disparate undergraduate courses in the eyes of medical schools. We wrap up by discussing the MCAT's role in SMP admissions and how these programs assist students by updating medical schools on their progress, underscoring the resilience and hard work required to succeed despite initial academic struggles. Get ready to be inspired by stories of perseverance and dedication, and learn how to navigate the challenges of getting into medical school.

"Es war ganz klar, dass Saudi-Arabien ein Leader im Gaming und Esports wird." Ralf Reichert gilt als Wegbereiter des Esports. Mit der Gründung der ESL im Jahr 2000 brachte er die internationale Gaming-Szene auf ein gigantisches Level. Jetzt ist er Vorstandsvorsitzender der Esports World Cup Foundation. Die Vision: Ein globales Zentrum für Gaming und Esports kreieren - und zwar mit einem Event der Königsklasse. Warum ist der Esports World Cup kein reiner Business Case? Welche enorme Bedeutung spielen dennoch Sponsoren und Medienpartner? Wie ist Saudi-Arabiens Sportoffensive zu bewerten? Und wie groß kann der Milliardenmarkt Esports eigentlich werden? Unser Gast Ralf Reichert, CEO bei der Esports World Cup Foundation Unsere Themen Esports bei Olympia: Nicht ob, sondern wann Milliarden-Exit: Warum es die richtige Entscheidung war, die ESL zu verkaufen Esports in Saudi-Arabien: Gründe für den Gaming-Boom Wie der Esports World Cup entstand (inkl. Regierungs-Support) Exklusive Insights und Zahlen zum Esports World Cup Über die Zukunft des Esports in Deutschland Ausblick: Wie sich die Rolle von Ralf verändert Zum Blogartikel: https://sportsmaniac.de/episode470 Unser Partner (Anzeige) IST: Bei unserem Bildungspartner, der IST-Hochschule werden seit über 35 Jahren Sportmanager*innen ausgebildet, die im gesamten Sportbusiness arbeiten – natürlich auch im Esports. Im Bachelor Sportbusiness Management gibt es u.a. Wahlmodule wie Esports Management, Sporteventmanagement, Social Media, Fußballmanagement oder Sportpsychologie. Einer der Dozenten ist übrigens Daniel Luther, Präsident des eSport-Bund Deutschland. Klingt spannend, oder? Alle Infos zum Studium Sport & Management: https://sportsmaniac.de/ist-studium Weitere spannende Bildungsangebote: IST-Weiterbildung im Sportmanagement: https://sportsmaniac.de/ist-weiterbildung IST-Duales Studium (für Arbeitgeber): https://sportsmaniac.de/ist-arbeitgeber Unsere Empfehlungen Ralf Reichert im SMP: https://sportsmaniac.de/episode135 OMR-Artikel: Neymar und neunstellige Umsätze: Exklusive Insights vom ersten Esports World Cup und Wie der Esports World Cup die gigantischen Gaming-Visionen Saudi-Arabiens befeuert Abonniere unser Weekly Update: https://sportsmaniac.de/wu Unser Kontakt Folge Sports Maniac auf LinkedIn, Twitter und Facebook Folge Daniel Sprügel auf LinkedIn, Twitter und Instagram E-Mail: daniel@sportsmaniac.de Wenn dir gefällt, was du hörst, abonniere uns gerne und empfehle uns weiter. Der Sports Maniac Podcast ist eine Produktion unserer Podcast-Agentur Maniac Studios.

Chris Jamroz is the CEO and chair of the board of Roadrunner, a less than truck load, (LTL) trucking company. You get to learn, as I did, all about this industry as described by a fascinating man who clearly understands leadership and how to build companies as he did with Roadrunner and other companies before his current one. Chris was born in Polland. Throughout his life he also has lived in France, England, Canada and now he calls the United States home. Chris tells us that he greatly values the American way of life and finds that here he, and the rest of us, can exercise our entrepreneurial spirit like nowhere else in the world.   As I said, we get to learn about the trucking industry with Chris. He also talks about the economy in general including discussing the forces that lead to events such as recessions and successes. Chris and I even discuss AI and how it will in some ways affect his industry.   Chris is quite a thought-provoking individual. I learned a lot not only about his industry, but I gained knowledge about management and leadership. I think you too will value greatly from listening to our conversation.   About the Guest:   Chris Jamroz is the Executive Chairman of the Board and CEO at Roadrunner. Chris is a highly experienced executive focused on creating shareholder value through active executive management of portfolio companies in transportation, logistics and cyber security. Chris has made great contributions to the open office environment and culture at Roadrunner.    Previously, Chris served as the Executive Chairman of the Board and CEO at Ascent, a privately-owned freight forwarding and domestic brokerage services provider. Chris has led the transformative investment in GlobalX (TSXV: JET), a full-service passenger and cargo airline headquartered in Miami, FL. He is the founding partner of LyonIX Holdings LLC, a specialty investment, equipment leasing and direct operations private fund.   Before coming to Roadrunner, Chris served in executive roles at Emergent Cold, STG Logistics, and Garda Cash Logistics. He also serves as Governor of the Royal Ontario Museum (‘ROM'), Canada's largest museum. Chris is a lifelong advocate of education, promoting diversity, equity & inclusion, and mentorship. Chris has been a tenured mentor to students at Schulich School of Business. He holds a BA in Business Studies with First Class Honors (Summa Cum Laude) from Birmingham City University in the UK as well as an MBA with Distinction from York University in Canada.   Ways to connect with Chris:   LinkedIn linkedin.com/in/christopherjamroz Contact email chris.jamroz@rrts.com Roadrunner Company Website www.RoadrunnerLTL.com   About the Host:   Michael Hingson is a New York Times best-selling author, international lecturer, and Chief Vision Officer for accessiBe. Michael, blind since birth, survived the 9/11 attacks with the help of his guide dog Roselle. This story is the subject of his best-selling book, Thunder Dog.   Michael gives over 100 presentations around the world each year speaking to influential groups such as Exxon Mobile, AT&T, Federal Express, Scripps College, Rutgers University, Children's Hospital, and the American Red Cross just to name a few. He is Ambassador for the National Braille Literacy Campaign for the National Federation of the Blind and also serves as Ambassador for the American Humane Association's 2012 Hero Dog Awards.   https://michaelhingson.com https://www.facebook.com/michael.hingson.author.speaker/ https://twitter.com/mhingson https://www.youtube.com/user/mhingson https://www.linkedin.com/in/michaelhingson/   accessiBe Links https://accessibe.com/ https://www.youtube.com/c/accessiBe https://www.linkedin.com/company/accessibe/mycompany/   https://www.facebook.com/accessibe/       Thanks for listening!   Thanks so much for listening to our podcast! If you enjoyed this episode and think that others could benefit from listening, please share it using the social media buttons on this page. Do you have some feedback or questions about this episode? Leave a comment in the section below!   Subscribe to the podcast   If you would like to get automatic updates of new podcast episodes, you can subscribe to the podcast on Apple Podcasts or Stitcher. You can subscribe in your favorite podcast app. You can also support our podcast through our tip jar https://tips.pinecast.com/jar/unstoppable-mindset .   Leave us an Apple Podcasts review   Ratings and reviews from our listeners are extremely valuable to us and greatly appreciated. They help our podcast rank higher on Apple Podcasts, which exposes our show to more awesome listeners like you. If you have a minute, please leave an honest review on Apple Podcasts.       Transcription Notes:   Michael Hingson ** 00:00 Access Cast and accessiBe Initiative presents Unstoppable Mindset. The podcast where inclusion, diversity and the unexpected meet. Hi, I'm Michael Hingson, Chief Vision Officer for accessiBe and the author of the number one New York Times bestselling book, Thunder dog, the story of a blind man, his guide dog and the triumph of trust. Thanks for joining me on my podcast as we explore our own blinding fears of inclusion unacceptance and our resistance to change. We will discover the idea that no matter the situation, or the people we encounter, our own fears, and prejudices often are our strongest barriers to moving forward. The unstoppable mindset podcast is sponsored by accessiBe, that's a c c e s s i capital B e. Visit www.accessibe.com to learn how you can make your website accessible for persons with disabilities. And to help make the internet fully inclusive by the year 2025. Glad you dropped by we're happy to meet you and to have you here with us.   Michael Hingson ** 01:21 Well, hi everyone, and once again, welcome to unstoppable mindset. We get to interview, well, not interview, because it's the conversation, of course, but we get to talk with Chris Jamroz, who is the executive chair and the board and CEO of Roadrunner. Ah, Chris, it must be lonely at the top,   Chris Jamroz ** 01:43 but it's Thank you for having me, Michael and to keep my company.   Michael Hingson ** 01:49 There you go. Well, we're really glad that you're here, and I'm glad that we have a chance to visit. It's been a while in coming. I know you've been pretty busy. We we originally chatted last December, but now we get to do it, and that's fine. So I'm really appreciative of your time, and this is all about you and talking about being unstoppable and so on, and so to start that, why don't you tell me a little bit of kind of, maybe, about the early Chris growing up and all that sort of stuff.   Chris Jamroz ** 02:21 So little Chris was born in Poland, behind the at that time the Iron Curtain under the socialist regime dominated by the Soviets. And little Chris spent his childhood dreaming of playing with real cars and dreaming of having a vehicle, which was a luxurious scarcity back then in that part of the world, and and looking through the Disney Disney movies, I learned a lot about Road Runner, so little that I knew that 40 years later, Road Runner will die be part of my path. But that journey has taken me through being a farmhand in France, a student in England, a banker in Canada, all the way to be an honest operator in the United States, when I finally make my way over to this greatest country on Earth,   Michael Hingson ** 03:19 well, and I agree it's the greatest country, and I hope we continue to do great things. I know we're working at it, and sometimes we all tend to take some missteps, but it all balances in the end. And I think that's one of the neat things about democracy, and I'm sure you have a lot of thoughts about that, as opposed to what life was like in the Iron Curtain,   Chris Jamroz ** 03:42 I certainly do. And while we do have our challenges here, and they are undeniable, the spirit of American people is the force to be reckoned with, and one of the most inspirational forces I've ever encountered my life.   Michael Hingson ** 03:56 There's a lot of creativity here, and it shows and it continues to advance, and I'm sure that it will, least, that's my belief in the in the whole system, which is cool well, so you have been in a variety of countries, and I'm sort of curious, having had experience in Everything from Poland through France and England and Canada. And here, how would you come other than the country and the politics? How would you compare life in in those different countries? And what did it teach you?   Chris Jamroz ** 04:34 I think, listen every every country has the unique history and culture and customs. Which argument wants life experiences when you have a chance to immerse yourself and in the local context, and if you do it truthfully, and not necessarily from a tourist vantage point, but as a as a person who tried to fit into the society. And performs, you know, a function or role, or whatever that may be. I think that that enriches one's lives. At the end of the day, you know, when you think about history, these two are all men and women brave enough to board, you know, ships and embark on a voyage to an unknown. We're willing to cut ties with everything they've ever known and the history and legacy and potential prosecution and all those things that may have not been kind to them or they were escaping from and come to North America and make the United States their home and start fresh. And what I do love about that the nation that now I call home, is that unstoppable force of entrepreneurialism, resourcefulness, resilience, that truly burning desire to accomplish something remarkable with with your life. And that's I've never experienced that anywhere else in the world.   Michael Hingson ** 06:01 I've been blessed since escaping from the World Trade Center back on September 11. I've been blessed to be able to travel to a variety of countries and speak and one of the things that I very much enjoy is experiencing different cultures and different attitudes. And sometimes I may not necessarily agree with them, but it isn't about agreement. It's really about understanding and broadening one's horizons and understanding. And I think it's so important to be able to do that, to really understand where various people come from and how they live and what they do. And you know, even in the US, it is such a large country that the way you experience life in Florida or West Virginia is different than what we experience in California. And it is not to say that one way is better or worse than another. It's just all part of the same country. And what's wonderful is to see all of it meld together   Chris Jamroz ** 07:01 Absolutely, absolutely, and it's,   Michael Hingson ** 07:04 and it's so much fun to be able to do that, but you said that you originally learned about Road Runner a long time ago. And how did that happen? Or what, what did you learn? Or how did you experience Road Runner years ago?   Chris Jamroz ** 07:17 Oh, that was, I was just being a little bit joking of watching Disney cartoons, and you know, got   Michael Hingson ** 07:24 it? Okay? Wiley Coyote. As I said, there you go. Wiley   Chris Jamroz ** 07:28 Coyote, but later that, I knew that would become such an important part of my adult life.   Michael Hingson ** 07:33 So do you find Wile E Coyote creeping up every so often today we   Chris Jamroz ** 07:38 do have we divided teams between Wiley coyotes and Roadrunners, and we have a contest and and a very healthy rivalry going between the two groups and, but it is, you know, it is nice to have something that is so embedded, and an industry culture and the name is so well known, and, and we Finding, and I think we found a way back to the original glory days of the beginning and the excitement and that kind of youthful and youthful excitement about our brand, which is a delight to me right now.   Michael Hingson ** 08:16 I suppose one of the advantages of watching Roadrunner years ago in another country, is that, since it was really a cartoon with very little, if any, talking, it was easy to show without having to worry about translators.   Chris Jamroz ** 08:32 But there's, there's a lot of lessons from that Michael to think about sure that that little, that little bugger, was resilient, and, oh, he was absent, and there's, there's a lot of valuable lessons to never let, never let the circumstances get you down, and always find a way to come back on top.   Michael Hingson ** 08:50 And no matter which Acme Company Wiley Coyote went to to get something that never worked, correct. I was in Montreal once, and turned on the TV. It was late morning, and there I was listening to the Flintstones in French, which didn't help me a lot, not speaking French, but it was fun to to know that the Flintstones are in different languages. Yeah,   Chris Jamroz ** 09:17 that's true. Our chief operating officer Hey, it's from Montreal, and he's now, obviously stateside, but there's and now we've, since we've opened service to the French Province of Canada, we maintain those links, and it's very interesting when we encounter French language in our daily emails and communications, it just gives us the the indication of the the fastness of the culture and and the customs across even this North American continent that we share, which   Michael Hingson ** 09:50 is really cool. I was in British Columbia in early October of 2001 I had been invited up to. Because people heard about my story, and I went to a guide dog organization that asked me to come and speak. And we got there on Saturday, and the next day, we were down in the hotel restaurant having breakfast when the news hit the TV screens that the United States had invaded Afghanistan. What a strange feeling to be, not only away from home, but in a foreign country, when our country was responding as they did, and invaded Afghanistan because of september 11, it was, it was a strange feeling. But at the same time, people were so supportive, which was a wonderful feeling, and mostly that was the case. There were a few people who said, well, America got what they deserve, and they were really shut down pretty quickly around Canada.   Chris Jamroz ** 10:53 That's correct, that's correct. Yeah. That was a very special time in our show history,   Michael Hingson ** 10:58 yeah, yeah, it was and it was strange we when we were at the airport in Newark getting ready to fly across country to Canada. It was Saturday, and the airport was pretty empty, and as my wife said, it's strange to see these 18 year olds with machine guns strapped to their bodies patrolling the airport and And nevertheless, it was, it was an interesting time. Well,   Chris Jamroz ** 11:31 strange to us here is actually a common occurrence, and yeah, many places around the globe to see those young men and women patrol airports and train stations with machine guides ready to be deployed   Michael Hingson ** 11:43 well, and as my wife said, The problem is these kids probably don't even look old enough to know how to really work the gun, but I'm sure they did, but it was, it was an interesting time, and it's unfortunate that we, we all had to experience that, but that's kind of the nature of The world? Well, tell me a little about Roadrunner, what it is, what it does, and so on, how you got involved, rather than through the Wiley Coyote.   Chris Jamroz ** 12:09 That's right. But Roadrunner originally was built as a metro to Metro, direct transportation, trucking service in the sub market referred to as less than truckload, so called the LTL. And what it means is that within you know, when you see a semi tractor, you know, speeding down and very hopefully observing the speed limit, usually about 90% of the market. When you look at those, those trucks, they are full truckloads, or referring an industry as truckloads, it's TL, TL and truckload means that all the contents, all the freight contained within the space of that trailer, is destined to one shipper. And shipper is the term we use for customers here interchangeably. So Lt. The difference of LTL is that within that same trailer, same 53 foot long trailer, you have freight for a lot of different shippers, and LTL is the sub segment of the broader trucking dedicated to service those customers who do not have the need or cannot necessarily afford the cost of chartering the whole trailer, and that may not have any specific need to for that kind of space, and they utilize pallet positions within that trailer to transport the freight from point A to point B. That accounts for about 10% to 20% depending on who you talk to of the overall market, and it's and Roadrunner became an expert and a specialist in taking loads directly across the continent from it started in Milwaukee, in Cudahy, Wisconsin, and Shooting loads directly to America's southwest to, you know, and back that's obviously was linked to the port activity and intake in intake freight input point from Los Angeles and Long Beach ports. But he became an expert, and over time, the different management teams and different constituency of shareholders embarked on a strategy of growing it across different modes and a lot of things, and it became bit of a problematic story for the last four years. We We spend a concerted amount of time and discipline effort to unwind those those layers and bring it back to the specialist metro to Metro, long haul, specialist tracking service, which has kind of helped us resume our path to sustainability and excellence.   Michael Hingson ** 14:52 Is there a lot of competition for well among LTL companies? Yeah.   Chris Jamroz ** 15:01 I think there's a fair degree or healthy competition among them. It's, it's a fairly limited market of players. It's, I came up through my, through my experience in LTL, I I've coined this phrase that LTL stands for, less than likely to go perfect. It's, you know, despite the fact that you think it's a pretty simplistic concept of picking up the palette in in Philadelphia and delivering it in Dallas, it's actually an extraordinary complex and difficult to execute service, and from a perspective of being on time, of not losing, not damaging, the freight and trust to you. And obviously do it in a sort of in a fairly compressed timeline. So it is, it is a very specialist place. It's very different from what I mentioned, about 80% of the market, which is the truckload market, which is, you know that, you know, full trailers picked up from pay B, they just go to to the destination. This one is a consolidation play. There's, there's different touch points. It's a very complex so while the competition is very healthy, it's a good competition because it's sort of a tide that raises all the bonuses. These are very high quality providers, and as we compete, our customers win,   Michael Hingson ** 16:29 yeah, which is kind of important, and as long as everybody recognizes that it makes perfect sense that it ought to be that way. Why are what makes Road Runner kind of unique, or what sets it apart from other companies.   Chris Jamroz ** 16:42 What it said that we specialize in doing that one thing, which is taking loads directly and connecting a very far apart points across the United States, Canada in increasing Mexico direct. So a lot of large, large carriers or trucking companies have a very densely populated terminals, and they've, you know, they may have in excess of 300 terminals in the United States alone. What they do is they like very much, like an airline. They created a sophisticated hub and spoke system where the shuttle service connects the entire network. So for example, the freight from picked up from Long Beach destined to a planner may go through five different hubs as the network is designed. The problem with that is that every time you have to go into an LTL trailer, that means the forklift drives inside, lifts the pallet, needs to take it out, then take the cross to CrossTalk, puts in another trailer that's going to be destined to the next point and stop on the way. Damage happens, loss happens, and time is wasted, just and time is wasted. So what we do is we only have 36 terminals, but we we're in major metro, Metro, Metro to Metro connectivity. I always say that if you have a professional sports team, ideally a good one, and you we're going to have a terminal there in those settings, and we use our team drivers, and we just just shoot those votes straight across. So we compress the time that it takes to traverse the distance, and we eliminate those points of rehandling of powers and freight and greatly reduced the risk of loss, the risk of damage, etc.   Michael Hingson ** 18:48 And presumably, as part of that, you are very creative in scheduling, so that when you take a load somewhere and you get to the final destination, you also have other material to pick up, to go back or to go elsewhere, so you don't leave trucks idle very often,   Chris Jamroz ** 19:06 correct. So that's that's the art and the science of network design. Yeah, the way we execute it. We obviously have tremendous amount of data analytics and algorithmic tools to help us route this way, because at the same time, not just the trucks sitting idle, but the drivers don't like, you know, drivers like to drive, because when they drive, they make money, yeah, and that's we are very good at keeping them on the road and making money.   Michael Hingson ** 19:38 So what got you started in deciding to be part of Road Runner and and working up through the system to get where you are.   Chris Jamroz ** 19:47 You know, over the last two decades, I've become a sort of a specialist in unlocking trapped value in logistics companies across all modes of supply chain, globally and Road Runner. Certainly one platform with very severe challenges and and I really loved the story. I was completely taken by the strength and of and the resilience of its people. And I really thought it's an incredible opportunity to orchestrate a turnaround like no other in the trucking industry. And while it may sound a little bit arrogant, it's not meant to be. But you know, as I've heard it from equity analysts and bankers, many, many trucking companies have attempted turnaround and restructuring, and very few ever made it. There was a time when Old Dominion road lawyers, which is one of the best, arguably the best LTL carrier in the nation, they used to suffer from terrible reputation. And I remember they were called the referred to as the old smelly onion. Today it's a gold standard for all of us in this business to aspire to. But there was a time in the 90s when they suffered greatly and they orchestrated a spectacular turnaround. And there were there were some others as well, but road run in recent history is definitely the most spectacular comeback in that space.   Michael Hingson ** 21:21 Well, it obviously, in part, has to do with being very creative and figuring out ways to do exactly what you do, which is to get material from one place to another, minimum of any transfer from one truck to another, because you're right that can cause a lot of damage, and it does take a lot of time, and I'm sure that the result of that is that drivers appreciate it as well.   Chris Jamroz ** 21:46 Drivers do. Drivers are, you know, hardworking people. It's tough to think when, when I do about more a group of of the more patriotic pillars of our society. Drivers are a true American entrepreneurs, and we pride ourselves in empowering them and putting them in business and helping them build their own businesses. And we have, you know, so many success stories that filled our hearts with pride. But at the end of the day, drivers stay and drivers support carrier that helps them make money, that means, helps them busy, stay them enrolled, gives them good loads. And we have become, you know, we've kind of prioritized this as our core competence.   Michael Hingson ** 22:32 So with all of that, how was it during the whole period of covid? Because, of course, a lot of things happened. A lot of things shut down, and a lot of things changed because of covid. How did all that affect Roadrunner and what you do, and how did you all come out of it?   Chris Jamroz ** 22:53 We certainly, we kind of started the restructuring, and literally in the beginning of March, which was in 2020 which was like two weeks before the entire country shut down. So obviously that made it for a very interesting time in our life. But Trucking is such an essential service, it never stopped, right? Without trucking, nothing gets delivered. You cannot do anything. It's probably next to the sanitation services, I think, the most critical part of American or any economy for that matter. And so we worked, we worked interruptly through the pandemic. We were very focused on rebuilding our business and fixing our operations so everything that was happening external to our business were kind of very much in our peripheral vision, because we had so much work to fix our business from inside out, and that kind of kept us busy for for pretty much the next two and a half years.   Michael Hingson ** 23:58 So covid was kind of a good impetus and an excuse to to do the things that you you knew you kind of needed to do anyway. It   Chris Jamroz ** 24:06 was a good it was a good time, because we would have had to do it anyway. But the people were so distracted by, obviously, the stress of of the situation, that kind of took the focus completely away from what we were, what we needed to do. And I think that was a blessing.   Michael Hingson ** 24:25 Several um, weeks ago, I had the opportunity to chat with a gentleman named Glenn Gao, who lives in Northern California, who's a business leader coach, and he promotes the whole concept of AI and specifically managers using AI to help create ideas to improve what they do and to improve their companies and so on. But one of the discussions we had, um, and he and he said something very interesting during the discussion. But one of the discussions we had was how AI is going to affect. People as we go forward, and one of his positions was artificial intelligence, and all the things that are going on with AI doesn't eliminate jobs. Rather, people eliminate jobs because either they they find that they can do things cheaper, but they're they're not really doing themselves any good by doing that, because what AI should really do is where relevant help redefine jobs. And one of the things that we talked about was exactly the whole concept of truck drivers, when AI and autonomous vehicles come more into existence, what will happen to truck drivers? And his point was, even if you let a vehicle operate autonomously and it's completely safe, what that really should do is not to require a driver to not be in a truck anymore, but rather, you find other responsibilities and other things for the driver to do while monitoring the Driving of the vehicle no matter how safe it is. And so that that prompts the question, what do you think about the whole issue of autonomous vehicles and AI, and where you think that might might go over time? Because I tend to agree with Glenn, it shouldn't eliminate jobs. It may cause some expansion or redefining of jobs, but not elimination. Yeah.   Chris Jamroz ** 26:21 I think, listen, this is a, obviously a topic that could take a day, and everybody has no yeah. I always, I always love watching those clips from the news, yeah, news from the 1990s when the first the internet, the World Wide Web, was introduced, and people kind of speculating with it, if it's going to, you know, mean anything you want to. You don't want to be that guy who voices an opinion that gets recorded, and 20 years later your kids get to see it. What you know, What a dumb Damas your dad may have been. This is, this is one of those. So I have a very specific view on this. I, you know, I always kind of think that are certain tools that I invented that help things, and some of them were very useful and don't necessarily make the life easier. An example for that is a vacuum cleaner. You know, when I, when I was born, the vacuum cleaner was still a novelty and not particularly a widely think what was happening that once a year the entire Thai family would gather to take one or two rugs that that were present. Now, take them outside, clean them, usually in the snow, because I was thinking, and come back and just enjoy the freshness for the next year. Now the vacuum cleaner comes a genius invention. Genius invention. What do we do? You know, if my mom would have her way, I would be vacuum cleaning every day, just instead of a once a thing. I have a hobby now that every time my mom is a pond to one thing, I'd better get on that and get it clean. So did it really save us? I don't know, but definitely it's full invention, AI broadly, I think has has an immense impact on our lives, to the to the extent that I don't think anybody can even appreciate right now, in terms of the logistics business, I actually think there's very limited impact of what AI can do. And this is a sort of, and this is very humble opinion, after, you know, spending the two decades and fixing different supply chain businesses, and it's just the unpredictability, the the size of these, you know, statistically viable data samples, the the the the patterns of different outcomes is just impossible to scale and up until you can lift A pallet from Portland and and it can traverse in Metaverse to Chicago. You still need a truck, you still need a forklift, you still need someone to oversee this, right? So definitely impact on jobs and logistics, I'd say minimum. I think basically, maybe quality, the quality of service, perhaps we're using machine learning and AI algorithmic methodologies in our static load plan, which basically means routing the freight the best possible way. But at the same time, it's not an infinite benefit game. At the end of the day, you have a night 10 corridor and you have a truck that can traverse as the speed limit. And what is the best case? It's just there's very limited outcomes to the upside here. So I think the AI in terms of the, you know, in terms of the logistics space, will have probably the most commute. It effects of across the board, if I think about it, and definitely as I'm looking forward to the marginal benefits, I don't see it as a particular needle mover for us here. Well,   Michael Hingson ** 30:13 as I said, even if you could completely automate a vehicle so that it could drive itself, and that's fine. I still say that ultimately, I would never want to remove the driver from the vehicle, but rather give the driver other things to do to help the company. And they're the creative people will figure that out, and I think that there is no way that it should eliminate jobs. It's ridiculous to think that it's supposed to enhance and I think that there are ways that it will, whether vehicles will really become fully autonomous anytime in the near or intermediate future, at least, is is open to conjecture. But I I don't like the idea of, well, it's going to eliminate jobs. I don't believe that that's true. And I think that's what you're saying as well, and it makes sense.   Chris Jamroz ** 31:07 Yes, yeah. Well,   Michael Hingson ** 31:09 so in terms of shipping and logistics, what does, if you will, shipping and logistics indicate about kind of the broader economy, because it's certainly listening to what you said earlier. It continued during the pandemic, and I guess that means economy continues. But in general, just the whole industry. How does that affect or fit into the whole issue of the economy, and what your industry does for the economy?   Chris Jamroz ** 31:41 So you know, the American economy, every economy has a different mix of drivers, right? The American economy is a consumer driven economy, right? A percent of the GDP is driven by the discretionary consumer spend. So everything that you and I go and, you know, whether we go to a restaurant or go to the, you know, go to a wonderful vacation spot and buy it, you know, a plane ticket and book a hotel. All those kind of things make a difference. And obviously our discretionary shopping habits, that's critical. LTL is very much driven, you know, the entire supply chain accounts for 8% of American GDP. So it's not insignificant, and it is a sort of a barometer of activity. The broader, the broader trucking index could be an indication of of many drivers in common with this, whether that's industrial out of gage, project driven infrastructure investments by, you know, oil and gas sectors, or public works, or earth moving projects, you have all this kind of interaction with LTL is predominantly linked to e commerce near shoring and a little bit to the Import activity that when we have goods imported, they enter United States either through the port of New Jersey, New York or Long Beach, Los Angeles, and obviously Seattle, Tacoma or Charleston and Houston have all these kind of different entry points and and we monitor this. So we definitely are continued to be in a third year of recession, or this, you know, the tail end of the second year of recession, a freight recession. That is where the the volume of shipments have been dramatically, muted, dramatically, and then we continue to see the excess capacity, the full truckloads that I spoke about earlier, they hurting the most from the truckers. LTL is a fairly protected niche, and again, e commerce, which is still alive and healthy near shore, obviously growing in abundance and significance. That's also helping and so those the LTO is a little bit insulated from their role, and I wouldn't, and it's never particularly good or more reliable, most reliable gage of American economy or its health, the truckload is probably in other modes of trucking are more indicative, I would say. But again, you know we can, you know this was, you know what we experienced in 2021 and beginning of 2022 which was unprecedented peak and that benefited all people in supply chain, that obviously has been a peak in a cyclical business. And no matter what you call it, the transportation business are commodity businesses. And commodity businesses cycle, and some of the modes within that sector cycle more violently than others. And and we are at the trough of that cycle. And and probably will be here for quite some time, because we see before we see any mean. For recovery.   Michael Hingson ** 35:00 Why is there such a upright recession right now?   Chris Jamroz ** 35:06 What has happened is, if you remember that, there's couple of things, number one, at any cycle, at the peak of a cycle, a lot of people make decisions, and there's this unimpeachable view of self, intellect among them, among some of the decision makers who think, Okay, this time will be different, and this time, we won't let this slip. And there are decisions made at the peak of the cycle that have consequences or carry the consequences through the trough. Those decisions in our industry usually impact capacity, such as the number of new orders for trucks and trailers and terminal expansion when, when you look at this never, ever before in the history of mankind, more tractors, trailers and terminals have been commissioned or ordered than it were in 2021 and 2022 all These orders are now coming, then, creating unprecedented capacity. And now mind you, 2020, and 2021. Tested, you know, tested our ability to function without the ability to interact with each other. So you remember, we all remember, everybody was stocking up on just about any house, good supplies, you know, toilet paper, Clorox and disinfectants and just about anything, and the volume was just that no matter how much capacity you had, you you didn't have enough to satisfy the thirst of the consumer back in those days. So people made a lot of decisions. Most profound were those of ocean shippers who commissioned more supermax container ships than ever, ever in the history of the planet. And all these ships are being launched right now in the second world so soon in the second part of 2024 never before we had such a non swap of new supply in the notion, which obviously collapsed the pricing and in an ocean market. And that has a domino effect through, you know, starts with an ocean, because everything comes from China, Indonesia, India, Vietnam. Nothing comes from, you know, nothing comes from, you know, from the American Midwest anymore to meaningful thing now, thankfully, that's been offset by those near showing trends and the resurgence of Mexico and infrastructure investment in manufacturing on this continent, which is phenomenal. But you know, you had that, that onslaught of capacity and carried from ocean ships through through train cars, through tractor trailers, through new terminals, and, you know, they're just, you know, we, we didn't stay at that peak. You didn't, you know you're not. You don't have a three month supply of paper towels in your cupboard, probably today. And those trends reversed, and they kind of reverted to more historical median. So we went to the median shipping, not not anything dramatic, but we overbuilt capacity to to to support an abnormal volume demand. So you have this, you know, you have anybody who could have a truck, you could became an instant billionaire, right? If you could commit a thing, and you could drive the truck and take somebody's cargo shipment from it from one point to another. You're in business, and you're doing extremely well. And then that, you know, at the same time, the government stimulus, the low, super low interest rate, the financing, those, those things you picked for nearly nothing in terms of financing costs, and those covid leases are still in place. So we have a bit of a delayed effect of people exiting the industry, which is a normal thing in a down cycle, and it's prolonged, because the cost of the equipment is a lot cheaper than ever before in the history of economic cycle. So you have this prolonged exits which have not rationalized the supply demand equation. You have those very committed, serious infrastructure investment in terminals and expanding the infrastructure for handling exuberant amount of freight in this in this country, and that kind of makes it for a fairly miserable outcome for for those who try to make a living in transportation.   Michael Hingson ** 39:29 Do you think that there are things that we could have done to prevent what happened? Because it's it seems to me that it is a cycle, but at the same time, how could we have avoided it, given what happened in the pandemic and everybody was stocking up and so on, how could we have avoided doing exactly the thing that occurred, which now leads to the recession in this industry? And I'd be also curious to see if you think that that's going to spread. Further to the rest of the economy. But how could we have avoided it? Or could we have,   Chris Jamroz ** 40:06 I don't think so. Now you'd have to convince people to hate making money, and that's that's a tough thing, because at the peak of the cycle, every incremental capacity you know delivers extraordinary monetary benefit. So you would, you would have to ask for restraint and discipline. That is, is not natural to us, a natural to us as humans, and definitely not part of the American, American fabric, which is obviously opportunist, opportunism and entrepreneurialism. So, and it's there's a history of that every unprecedented event, if you go back in history, tend to occur every six to seven years. We have that unprecedented event of of a of a decline in the trough that that one can fully expect we in the decade the smarter people. I mean, that's that's sort of a South tyling Kong. But you know it when, in our business, we really reserved a lot of cash in 2020, and 2021, and I directed all of my management teams to just prepare for inevitable recession and entering entering with a high, you know, high reserves of of cash helps you through the town cycle. People who have leveraged themselves to the tilt and the pursuit of getting access to that capacity can deploy to earning, earning activities, have found themselves disappointed and and at the point of, you know, difficulty or despair at times, and many of them have since exited the industry or the business and all together. But it's not a it's not, I don't think it's avoidable. It's a cyclicality of commodity businesses, a lot of businesses, go through cycles. Oil and Gas is a violent cycle, ocean shipping, transportation, businesses of all coins, all of them are extraordinary. Link to economic gravitas, and that just, you know that just happens. The question is that, can you make the landing as soft as possible? Well, because you cannot avoid not going down,   Michael Hingson ** 42:18 yeah, which is really the wisdom and the thing that you have to do, we can't prevent it, but at the same time, we, if we are wise, we can prepare for it. And that makes perfect sense, because it's it is one of those things that just too many people just run right into things, and they do things, they just react. We have too many knee jerk reactions without strategizing, and that's part of the problem. So what you did is clearly the way to go, and the hope is that you're predicting enough of the recession and the level of it that that you'll be able to survive it and it won't become too bad.   Chris Jamroz ** 43:02 Yeah. I mean, listen, people at the peak of the cycle have difficulty seeing the cliff. They always try to believe that this time will be different and and it won't end up in tears like every single time beforehand. At the same time, people at the bottom of the cycle can sometimes pass. He passed the doom and gloom of the misery of today. But you know, as Rumi, the poet, says, This shall pass too. Yeah, say, and it's just, you know, you can never predict. And I don't you know, there's just you know all the even you know a broken clock is, is right twice a day, which is one of my favorite sayings, and right if you perpetually predict the negative you one day, you'll be right. If you you know a perpetual optimist, one day, you'll be quoted that you had predicted it. But I don't think there's this ability to put the timing on severity of these swings. What you can do is to do your absolute best to prepare for the cyclicality and inevitability of a of an economic cycle that impacts industry that are commodity industries, and try not to believe your own headlines. That's one of my favorite sayings to the things just when you have this kind of, you know, exuberant confidence in your own ability, but there's always a healthy check in that is, that is required and, and I always tell the management team don't, don't. You know, we very good, but we're not that good, and never, ever believe in your own press releases.   Michael Hingson ** 44:27 Yeah. Well, one of my favorite sayings is, don't worry about the things that you can't control. Focus on what you can and let the rest take care of itself. And you can't control the recession concept or recessions, necessarily, but what you can control is how well you prepare for it, and you think about it far enough in advance or sufficiently that you prepare as well as you can, and that's all you can do.   Chris Jamroz ** 44:52 Yeah, well said.   Michael Hingson ** 44:54 So I assume that right now, rates are cheaper than they have been in the past, and this is a good. Time to ship.   Chris Jamroz ** 45:02 It is a good time to ship. It is a good time to ship, particularly from, from a perspective of past. You know, years of 2020, 2122 and but you know, you don't. You know, the rates are byproduct of capacity and demand, right? It's always, there's the markets are very efficient when they find a market clearing price or rate for any service. The key is that you know, what do we do? Like about the LTL industry, that all the carriers are disciplined, so while everybody, nobody will be reporting record earnings this year, the what we do provides an adequate return on capital to provide for continuity and sustainability of our enterprise. Well,   Michael Hingson ** 45:49 it sounds like that you and what you do with Roadrunner, and I think in other places, have built companies and made them successful. And I think the most important part about that is that you build good teams. How do you do that?   Chris Jamroz ** 46:07 You know, everybody wants to play on the winning team. I've learned that fairly, pretty often, if you want. You know you could be not necessarily the easiest coach or not the kindest general manager of a sports team, but the players who want to join and come and play on the team, if you, if you win in championships and and it's all about the creating the little victories and momentum and creating the positive momentum, because it kind of takes a life of its own. And it's all about velocity of decision making processes. These are sort of a things that when, when I see, when I see organization crippled, you know, by the paralysis by analysis. And they kind of these full of smartest people in the world, but they just cannot make the right decision that they spend endless time through, you know, trying to model different outcomes. You attract top people who believe in the ability to become very effective as leaders, as managers, by combining the intelligence, the talent, the respect for data and analytics, and they empowered to make decisions, and they empowered to make a difference. That, you know, even through my life, you know, I've seen how many changes and the generations that are entering the workforce today are very different in behaviors that even Iowa's. And the contrast is quite stark, but what it is very magnetizing to to them is the ability to be impactful and do something they truly believe in, and do the right thing, and based upon very objective analysis, as opposed to, you know, do it because I say so, or gut based decision making and and so forth. So my teams, my management teams, evolved quite rapidly. You know, the last 1415, years, you know, I've had about probably 90% rotation in 19 million continue to upgrade, and so can people continue to find different paths so they just not good enough as the caliber of challenges I take on increases, but you know, I'm thrilled to see so many incredibly young, young folks on my team doing things that are just almost, you know, I could only describe as inspiring to me.   Michael Hingson ** 48:47 There's something to be said for energy, isn't there?   Chris Jamroz ** 48:51 Oh, energy is key. And from the leadership perspective, you need, you absolutely need credibility. So you need to act with integrity, authenticity. You need to win the respect of the people by fighting alongside with them in the trenches, you know, and being a very high energy leader, I think, is critical, particularly in industry as ours, right. I love the kinetic movement. I love the energy released by by transport and moving and and I lead the way that I would want to see the people around me behave, and I think that's critically important.   Michael Hingson ** 49:33 Yeah, I think there's a lot to be said for the fact that people need to relate to you and to leaders, because if, if they can't relate, if they can't really feel like they're part of the team, then they never will be. And the leaders, the person or the leaders, are the people who need to make that happen.   Chris Jamroz ** 49:57 I agree. I think there are different industries that. That that that aspect that you just mentioned is extremely important, logistics, absolutely. But there are different industries like, think about law firms or hospitals. They doctors don't need to be inspired by leadership. Lawyers need to be inspired by the Management Committee, the excellent professionals, and they operate within their own scope of autonomy, and they phenomenal what they do in logistics. It doesn't work. You could be the most brilliant person in the room. If you do not win the hearts and minds of your fellow teammates, you're not going to get anything done. And that is critical, because, if you and that's why logistics business, particularly those who do extremely well, have leaders, who have, you know, extremely personable, personable with a very high degree of energy. They're not, you know what you would have imagined in the past. You can see and sort of even the if you look in SMP and stock performance and and the shareholder value creation. You those firms who have very passionate, charismatic leadership teams tend to outperform dramatically the rest of the peer cohort. But   Michael Hingson ** 51:12 even in a law firm, if it's a real firm, and I think that's the issue, if it wants to operate as an entity, even the lawyers have their own cases and so on. But if, if it really wants to operate as an entity and find ways for people to collaborate and work together or work with each other at least, then there's got to be some level of leadership in it. And it sometimes happens, and then sometimes it doesn't. And I think that's true in in a lot of industries, but the best companies are ones where there is a a leader or leaders who can bring people together and make people all work toward whatever the common goals are, absolutely yeah, what's the best part of your job?   Chris Jamroz ** 51:58 You know the best part is seeing the people who have worked so hard, committed so much of the personal time and sacrifice of the years come to work, and you see that moment when there there are sparks in their eyes, when they see that their work matters and they Making a difference. And there's nothing more fulfilling, because everybody wants to be, you know, on the winning team. And you know, in the history of roadrun, which is obviously the most current one, but every other business that I've had the privilege of of being at the helm. You When? When, when people who make the companies start really feeling that they've made the difference and their contributions matter, and they're being appreciated, and the work shows there's no greater feeling in the world. So   Michael Hingson ** 52:49 what, what influences you? I mean, obviously you learn. You find ways to learn, and things need to probably influence you to to get to think the way you do. What are the things that influence you in the world, other than Acme and the Wiley Coyote?   Chris Jamroz ** 53:11 You know, this is I, I've, I've gone through my share of role models and mentors, and, you know, I'm profoundly grateful for the influence they've had on shaping the character of a person that I am and, and the business person that I've become and, and there were many right now, it's really sort of, you know, as you kind of, as I'm, you know, becoming more mature. It's really a kind of creating legacy and living legacy, and doing that through passing the proverbial baton to the new generations and seeing people step up and grow and become more confident in their abilities and truly believe in themselves, that's really is is is tremendous. And I think that's you know, as you know the you know, the my 20s and 30s, and soon the 40s will be over. The next, the next decade in my life will effectively about creating the living legacy, and that's probably the most powerful influence in my life. One   Michael Hingson ** 54:18 of the things that I've learned came from being a member of the largest consumer organization of blind people, the National Federation of the Blind, and the president of the Federation, years and years and years ago, started organizing what he called Leadership seminars. And that's continued with later presidents. But one of the things that the President said, well, actually, a question that he asked, I remember it clearly. It was on the Saturday Night of the seminar, is what is the most important thing that the president of the organization can and should be doing? And his response, after hearing what other people said, is. Because the most important thing I think the President has to do is to be looking for his successor, because there will become a time that he doesn't get to be president anymore, and if the organization is going to continue, then the President needs to be the one to find the person who can take over and do what needs to be done going forward. What do you think about that?   Chris Jamroz ** 55:28 I think it's very profound. I think it's critical. I I've, you know, through my, through my adventure and logistics, you know, I've been at the helm of, you know, now, the helm of eighth and ninth organization, and I've done, I've executed seven exits, and every single time that I left, what was left behind was a fully sustainable management team that could take, they would take the operation to the new The new level, but it would be their, their story wouldn't be mine anymore, right? And it's, it's tough. It's tough because first you first there's, we're humans, and we develop emotional connectivity. If we have the humans we obviously we relate, relate to fellow humans and and we we like what we do, and we tend to touch so it's difficult to let go. Second of go, particularly things going well. There's, you know, we tend to develop. There's an impeachable view of self, intellect and supremacy and irreplaceability, which is complete and nonsensical, but it is human. And I've maintained a very healthy discipline of not staying at the helm of any organization for more than three, four years, and and that's, you know, that's, that's very healthy. And I think at any given time you you have to create because, to be honest, if especially in today's, today's society, if people do not see the path forward, if they think that their abilities will not be recognized within the meritocracy of the organizational dynamics, they will leave the competition for talented spheres. And it's not a defensive play, but it's makes organization better. I've seen a lot of executives trying to hang on to the spots for decades and and to be honest, all they've accomplished. I think it's time. The the potential that organization could have had doesn't mean the businesses are not performing, but I think the reasons could have gone a lot further. And but it's time. It's difficult, right? We don't want to seem we don't want to see ourselves as impediments to growth. Who wants to think of themselves by that? It's I think, but I think it's a very healthy habits. As much as I'm a firm believer in term limits and in certain government fears, I'm a strong believer in term limits at the helm of commercial organizations, and I've lived by by example of that, having, you know, having exited seven times already. So my average tenure is just under, you know, just about two and three years well   Michael Hingson ** 58:12 and and obviously you Leave when you know that you've been able to put together a team, and even possibly including a person at the top of the team who can take over and continue the growth or whatever it is that the organization needs which is important,   Chris Jamroz ** 58:28 absolutely, absolutely. So   Michael Hingson ** 58:32 on a personal note, what do you do when you're not being CEO or chair of the board? What kind of hobbies or pastimes and other things like that do you do to be a little bit more frivolous in the world?   Chris Jamroz ** 58:45 So my absolute thing in the world is kiteboarding, which I don't get to do enough, but it is aspirations. Kiteboarding and sailing. These are the most relaxing things I can ever envision doing in my life, and it's been quite some time since I since I've sailed, and it's been quite some time since I kite board, so like, I'm targeting, you know, the end of this year to maybe get at least a few weekends out in The ocean, as   Michael Hingson ** 59:21 long as the sharks leave you alone.   Chris Jamroz ** 59:24 Well, if you outrun them,   Michael Hingson ** 59:26 well there, there's that. That's fair. Okay. Well, Chris, I want to thank you for taking so much time to be here. My hope that you've enjoyed it and had fun. I certainly have learned a lot, which is what I always like to do. And I really appreciate you taking the time to spend with us and making this, I think, a relevant and memorable podcast for people to hear. I   Chris Jamroz ** 59:49 could absolutely and thouroughly enjoyed myself, and thank you so much for inviting me and having me on your show.   Michael Hingson ** 59:54 Thanks very much for listening to unstoppable mindset. We hope that wherever you're listening, you'll get. Us a five star rating. We value that very highly. If you want to comment on this podcast, I'd love to hear from you. You can reach me at Michael h i@accessibe.com, A, C, C, E, S, S, I, B, e.com, you can also go hear other podcasts anywhere podcasts are available, especially you could go to www dot Michael hingson, M, I C, H, A, E, L, H, I N, G, s, o, n.com/podcast, but wherever you listen to us, please give us a five star rating. We value that very highly, and we hope that you'll come back and visit with us again next time. On unstoppable mindset, you music.   **Michael Hingson ** 1:00:45 You have been listening to the Unstoppable Mindset podcast. Thanks for dropping by. I hope that you'll join us again next week, and in future weeks for upcoming episodes. To subscribe to our podcast and to learn about upcoming episodes, please visit www dot Michael hingson.com slash podcast. Michael Hingson is spelled m i c h a e l h i n g s o n. While you're on the site., please use the form there to recommend people who we ought to interview in upcoming editions of the show. And also, we ask you and urge you to invite your friends to join us in the future. If you know of any one or any organization needing a speaker for an event, please email me at speaker at Michael hingson.com. I appreciate it very much. To learn more about the concept of blinded by fear, please visit www dot Michael hingson.com forward slash blinded by fear and while you're there, feel free to pick up a copy of my free eBook entitled blinded by fear. The unstoppable mindset podcast is provided by access cast an initiative of accessiBe and is sponsored by accessiBe. 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Want to learn more about watches? email us at support@chriswarnes.com We buy, sell, trade, consign, service, source and repair. Do you want to work with us on a timepiece? email us support@chriswarnes.com Chris dives into his four favorite watches that offer incredible value around the $4K price point, all available on the secondary market. These are timepieces he has worn extensively, and believes they are the best buys for the price. From vintage Rolex to tough Breitlings, we'll cover the essential details and what to look out for when shopping. Rolex Datejust 16233 – The iconic two-tone, Miami Vice-era classic that brings a bit of gold to your wrist for a great price. Learn what to check for in terms of band sag, missing links, and dial patina. Breitling Superocean – A versatile diver's watch with a bold blue dial and steel mesh bracelet, perfect for any occasion. Originally a competitor to the Rolex Submariner, this 44mm watch is a tough, stylish, and affordable option. Omega Seamaster Pro 300m (SMP 300) – The 42mm diver's watch with Omega's signature coaxial movement, offering both durability and style, whether on a rubber strap for a casual look or worn daily as a robust, reliable piece. Tudor Black Bay – With its sharp design, red bezel, and Jubilee bracelet, this 41mm steel watch brings Rolex-like luxury at an affordable price. Discover why it's the perfect entry-level piece with premium aesthetics. Tune in as he breaks down the strengths, styling, and price details for each of these incredible timepieces, ensuring you find the perfect watch for your collection! Get your Dominate Your Day Book https://chriswarnes.com/book/

The AI revolution has helped fuel the tech IPO sector's resurgence following a two-year lull. Our Co-Heads of Technology Equity Capital Markets join our Global Head of Fixed Income and Thematic Research to discuss the sustainability of this trend. ----- Transcript -----Michael Zezas: Welcome to Thoughts on the Market. I'm Michael Zezas, Global Head of Fixed Income and Thematic Research for Morgan Stanley.Diana Doyle: I am Diana Doyle, Managing Director and Co-Head of Technology Equity Capital Markets in the Americas.Lauren Garcia Belmonte: And I'm Lauren Garcia Belmonte, Managing Director, Co-Head of Technology Equity Capital Markets Americas.Michael Zezas: And on this episode of the podcast, we'll dive into what's ahead for the tech IPO market this year.It's Monday, June 17th, at 11 am in New York.Diana Doyle: And 8 am in San Francisco.Michael Zezas: Since 2023 only nine technology companies completed an initial public offering, which is one of the longest periods of reduced IPO activity in history. For context, compare that with the all-time record of 124 technology IPOs in 2021. But with the first quarter of 2024 behind us, we're starting to see that picture improve. With tech and AI in focus right now, on today's episode, I want to speak with Diana and Lauren from our global capital markets team to get their take on where the tech IPO environment might be headed and what investors may want to watch for.Lauren, maybe to start -- what's contributing to this resurgence in IPO activity this year?Lauren Garcia Belmonte: Well, the market backdrop has been constructive. We've had the SMP and NASDAQ trading up 10 -- 11 per cent this year and multiples have been stable for technology businesses. And against this backdrop, we've seen some IPO issuers recognize that this is a good environment in which to move forward with their IPO event. There are several benefits to becoming a public company, not just the opportunity to raise capital -- but to give liquidity to employees and to early investors in the business, and to set the company up to be a real industry leader as a public company.So, issuers are seeing the opportunity; and meanwhile, the demand side from investors has been encouraging as well. Investors in the public equities recognize that there's limited opportunity, in some instances, to underwrite growth. Right now, 55 per cent of publicly traded technology businesses are growing top line 10 per cent or less. So, the IPO opportunity, where companies generally have an attractive growth profile, is a way for these investors to get access to an opportunity to underwrite exciting growth profiles -- even when that opportunity isn't so prevalent in the public markets right now.Michael Zezas: And Diana, do you see the rebound in IPO activity as a durable trend? Maybe take us into 2025.Diana Doyle: Well, 2024 is definitely going to be better than 2022 and 2023. Now, it'll be a long time before we get back to that 124 tech IPOs in 2021 that you mentioned, Michael. But in an average year, we have about 35 to 40 IPOs, and we expect 2025 to approach more of an average. So, as Lauren said, we're encouraged by the breadth of investor demand for IPOs that we've done this year, and investors' appetite to take risk. And all that lays the foundation for a healthy IPO market in 12 to 18 months.But it will be a slow build because IPOs are not a quick turnaround financing. It takes about six months on average to get through an IPO process. So, if you're not already underway, you're likely looking at 2025. In the meantime, we're seeing many late-stage private companies. They have plenty of cash. They're doing secondary raises to provide liquidity to employees and early investors, and they're waiting for growth rates to be more predictable -- for profitability to improve and to get more scale.So, we're excited for 2025, and the IPO market is wide open for companies that have growth and scale, profitability and that offer investors something different than what's available in the public market today.Michael Zezas: Got it. And what about macro conditions, Lauren? So perhaps the Fed's pivoting to cutting rates, the overall economic backdrop, geopolitical considerations. How do those things impact the tech IPO market?Lauren Garcia Belmonte: Yeah, absolutely. The tech IPO market is influenced by these macro considerations -- and it's in a few different ways.First, of course, and importantly, the valuation impact is real for technology businesses that have a lot of their growth on the come and a higher rate environment. Of course, that future growth needs to be discounted more significantly. The second key impact is around just how these management teams are able to manage, predict, and model out their business.In a more uncertain environment, it can be more challenging to articulate and defend the forward model that is a part of all IPO processes where you're explaining to the research analysts and investors how your business will perform, as a public company. And, of course, management teams want to set their companies up for success as public companies -- and set up for a beat and raise cadence -- which can be difficult to do when you're dealing with an uncertain macro backdrop.I think one encouraging signal -- as much as we haven't seen the Fed cut as much as people had anticipated as would have happened at the start of this year -- is that the rate of change has slowed.So, the rate increase environment was one of the quickest that we've seen; and although we haven't seen the cuts as people had anticipated, I think it's encouraging that that rate of change has adjusted and that will allow for, hopefully, more predictability in businesses going forwardMichael Zezas: Got it. That connection between predictability and rates makes a lot of sense. And it seems that the market's particularly hungry for AI names. Diana, what AI related trends are you seeing?Diana Doyle: Well, AI is this black hole right now that's drawing all the energy and attention in the private markets. There's this huge enthusiasm because the technology is improving so quickly, and there's an uncertainty how long that rapid pace of advancement will continue. This cycle, in fact, is an exaggerated version of what we've seen in prior cycles, where the monetization typically accrues first to the semiconductors and hardware, then eventually to software. So right now, a lot of the investment is going into the semiconductors and hardware, the picks and shovels, and the fundamental model of research.But in software, there's still a lot to play out in private companies to create the type of profitable, proven business models that public market investors are looking for. There are big unknowns in how enterprises are going to reallocate spend in a world of AI, what happens with all the efficiency these new tools create, how a lower barrier to entry for software creation impacts margins.Michael Zezas: And aside from AI, Lauren, what other areas within tech are seeing more activity?Lauren Garcia Belmonte: I would say that these businesses aren't in a particular spot within the tech landscape, but rather have certain characteristics in that they share -- namely that they are in attractive markets.Additionally, being a market leader is of critical importance today. No longer do people want to back the third, fourth, fifth player in a market. I think people are really focused on market leadership. So that one or two spot is going to be really important. And investors are looking for businesses that are already scaled. That market leadership typically comes along with a certain scale qualifier. But that is absolutely going to be an important feature of the businesses that are successful transitioning from the private to public markets.These companies are in the software space and the internet side. So, there's a diversity of companies that have this in common, and that could be great IPO candidates on that timeline that Diana was mentioning.Michael Zezas: And finally, I'm curious how the political election cycle might have an impact on IPO activity during the rest of this year. Diana, what's your read?Diana Doyle: Well, we do expect to see some volatility in the pre-election window in the fall, like we do in every presidential election cycle. But what's different this time is that we have a pretty good sense, not only of who the candidates will be -- but also what their presidency is likely to look like and what policies they're likely to prioritize.So that de-risks the election as a market event materially versus prior cycles. And for the IPO market, any company that's been looking at an IPO in the second half of 2024 has already evaluated pulling it forward to hit the September-October time frame and get ahead of that likely market event.But there's a narrow window for anyone who hasn't yet pulled the trigger to accelerate. Before the holidays, post-election -- where some IPOs will be able to squeeze in. In practice, most of the companies that aren't already in the pipeline now -- have their eye on 2025.Michael Zezas: Okay, so, putting it all together, seems you're both pretty confident that there's going to be a durable pickup in IPO activity.Lauren Garcia Belmonte: That's right.Diana Doyle: Yes.Michael Zezas: Okay, great. So, our audience should stay tuned. Well, Diana, Lauren, thanks for taking the time to talk.Diana Doyle: Great speaking with you, Michael.Lauren Garcia Belmonte: Yes. Thank you for having us.Michael Zezas: And thanks for listening. 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