Podcasts about Stress test

In der Schweiz kommt rund jedes dritte Kind per Kaiserschnitt zur Welt. Regional gibt es allerdings erhebliche Unterschiede, das zeigt ein neuer Bericht, für den tausende Geburten untersucht wurden. Eine zentrale Rolle, ob ein Kaiserschnitt durchgeführt wird, spielt die Wahl des Spitals. Ausserdem: Die Waadtländer Mitte-Politikerin Valérie Dittli will trotz aller Widerstände erneut für den Regierungrat kandidieren. Ob sie von der Delegiertenversammlung als Kandidatin aufgestellt wird oder nicht, entscheidet sich am 2. September. Der aktuelle Hitzesommer ist ein Stresstest für die Gebäude in der Schweiz. In vielen Innenräumen wird es dieser Tage unangenehm heiss. Das zeigt, Gebäude in der Schweiz sind nicht für solche Bedingungen gebaut. Gesucht sind nun alternative Bauweisen, die den Klimawandel berücksichtigen.

Thinking she knew everything about a stress test by simply watching the Santa Clause movies with Tim Allen, Sky was fully prepared for what was to come. Except she wasn't...See omnystudio.com/listener for privacy information.

Diesmal mit Katharina Schipkowski und Verena Kern. Ende Juni 2026 durchlebte Deutschland mit Temperaturen von knapp 42 Grad historisches Extremwetter. Auch die Landwirtschaft wurde mit trockenen Böden, Ernteeinbrüchen und Qualitätsverlusten massiv von dem Extremwetter getroffen. Ein bislang wenig beachtetes Problem: der Hitzetod bei Nutztieren. Allein am Hitzewochenende vom 26. bis 28. Juni verendeten in Deutschland mindestens Zehntausende Nutztiere durch die hohen Außentemperaturen. Hitze, Dürre und Niedrigwasser werden zum Stresstest für Europas Energiesystem. Doch die Auswirkungen auf fossile und erneuerbare Energieanlagen sind sehr unterschiedlich – mit einigen Überraschungen. Eine gute Nachricht: Tropenwälder geraten durch Hitze und Trockenheit auch unter Stress. Doch offenbar sind die Bäume sind anpassungsfähiger und kommen mit Dürre besser zurecht als bislang angenommen, zeigt eine internationale Studie, die gerade im Fachjournal Nature erschienen ist. - Das klima update° wird jede Woche von Spender:innen unterstützt. Wenn auch du dazu beitragen willst, geht das HIER https://www.verein-klimawissen.de/spenden. Wir danken hier und jetzt - aber auch noch mal namentlich im Podcast (natürlich nur, wenn ihr zustimmt).

Is powerlessness or power the greatest test of character? The tension in this question is one that every leader eventually faces. Powerlessness exposes who we are when we can't influence outcomes. Power exposes who we are when nothing stops us. One tests our endurance; the other tests our ethics. And together, they form a complete picture of character that personality alone can never provide. This episode breaks down the difference between personality and character through the lens of scarcity and abundance, constraint and freedom, anonymity and influence. You'll hear why charisma can hide weakness, why humility can mask strength, and why the moments that we can't control often reveal more about us than the moments that we can. Whether you're leading a team, building a company, or navigating your own growth, this episode will challenge how you think about integrity, responsibility, and the moral weight of power. It's a deep dive into the forces that shape leaders—and the choices that define them. A PDF copy of the episode is available at https://www.upsizeyourleadership.com/transcripts/2610-character-stress-tests.pdf. Learn more about your ad choices. Visit megaphone.fm/adchoices

What is your reputation actually worth?Mike Smith built Zero Co from a kernel of an idea in his childhood bedroom into a home-cleaning brand that not only served more than 100,000 Australian households, but also sought to tackle the enormous global problem of single use plastic pollution in the process.He became the public face of one of this country's biggest crowdfunding stories, a regular feature in mainstream and social media feeds, and rode the wave of public support on his mission to remove one billion bottles from our oceans.Only a few years later, he also became - in his own words - one of the biggest startup failures in Australian direct-to-consumer. In 2025, Mike had to wind the company up, telling 3,500 investors their money was largely gone.As he reflects: "We tried this really brave thing that no one in the world had ever tried to do before - and it didn't work."In this episode of Your Digital Reputation, Mike shares something very rare with host Roger Christie: he tells the whole story. The conception, the growth, and the world-first paper-packaging bet that ultimately brought Zero Co undone. He shows enormous courage in explaining what went on behind the scenes, why he went quiet for 12 months, and what he learned about himself in the process. He also explains the raw impact being so active and so visible online had on him as a person. And how his investors, customers, staff and supporters responded when he shared it was all coming to an end.It's an incredibly raw, generous conversation about visibility, vulnerability, burnout and what your own reputation is really worth when everything else is stripped away. As Mike says: "I would love to share some of my journey with people so they don't make the same mistakes that I made."This episode is for anyone who has ever put themselves on the line for something they believed in. TIMESTAMPS:00:02:17 - From a winemaking exit to a beach full of plastic00:06:43 - The supermarket moment that became Zero Co00:10:08 - Becoming the face: Kickstarter and a rocket ship00:14:41 - Why vulnerability built belief00:22:42 - What actually went wrong00:30:01 - Handling it publicly, crumbling privately00:35:27 - What came back: the response to the closing post00:43:07 - Going quiet, and the second actSUBSCRIBE FOR REGULAR INSIGHTSTo sign up to Roger Christie's regular newsletter, head to: https://www.propelgroup.com.au/subscribeCONNECT WITH ROGER CHRISTIEHave a question, feedback or want to connect with Roger? Head to: https://www.linkedin.com/in/rogerchristie Hosted on Acast. See acast.com/privacy for more information.

Break through your keto or low-carb plateau. Book a free call with Robert Sikes: https://www.ketobodybuilding.com/callDaniel Trevor passed a heart stress test, received a clean bill of health, then had a heart attack that almost killed him. In episode 908 of the Savage Perspective Podcast, host Robert Sikes uncovers what standard heart tests can miss and how hidden heart disease can grow without warning. Daniel's search led to CAC scans, soft plaque, insulin resistance, type 2 diabetes, statins, seed oils, sugar, carb addiction, and the standard American diet. They also cover training after 40, fasted exercise, toxins, oral health, and metabolic health. If you look fit, eat low carb, or trust normal lab results, this episode shows why testing, food choices, and daily habits matter.Buy Daniel's Book here: https://danieltrevor.com/Get Keto Brick: https://www.ketobrick.com/Subscribe to the podcast: https://open.spotify.com/show/42cjJssghqD01bdWBxRYEg?si=1XYKmPXmR4eKw2O9gGCEuQChapters0:00 - How a Normal Stress Test Missed a Heart Attack2:01 - Why Obesity Exploded From 1% to Nearly 50%2:44 - Why Carbs, Sugar, and Oils Keep You Addicted5:09 - How Big Tobacco Engineered Addictive Foods7:30 - How Do We Reverse the Obesity Epidemic?9:33 - The Heart Tests Your Doctor May Be Missing10:51 - What Does a CAC Score Really Tell You?13:48 - How Soft Plaque Causes Heart Attacks and Strokes15:36 - Why Your CAC Score Can Rise After Going Keto18:16 - Why You Should Test Regularly After 4019:23 - Do Stents and Bypass Surgery Prevent Heart Attacks?22:44 - Do Statins Actually Help You Live Longer?25:22 - The Overlooked Liver Test That Predicts Mortality28:06 - Can Lean People Have Type 2 Diabetes?29:17 - Why Standard Bloodwork Can Miss Type 2 Diabetes33:26 - How Sugar and Seed Oils Changed Human Health35:51 - What Eating Grains Did to Human Health37:07 - How Modern Wheat Triggers Food Cravings38:38 - Can Exercise Offset Carbs and Seed Oils?40:32 - Resistance Training vs. Cardio After 4043:43 - Does Fasted Training Burn More Fat?45:38 - Why Fit Athletes Can Get Away With More Carbs48:06 - How Environmental Toxins Affect Your Health53:04 - How Oral Health Affects Your Heart54:52 - Who Should Read Unholy Trinity?56:39 - Where to Find Daniel Trevor's Free Book Preview

Eine denkwürdige Ernte 2026 ist bei extrem hohen Temperaturen und Trockenheit im Schnelldurchgang Anfang August zu Ende gegangen. Und damit zwei Wochen früher als in Normaljahren. Gleichzeitig haben geopolitische Krisen und Kriege am Schwarzen Meer und im Nahen Osten an den Agrarbörsen und Kassamärkten eine Rally der Kurse ausgelöst. Von Erntedruck keine Spur. Doch angesichts des regional weit verbreiteten Dürresommers stellen sich Landwirte, Agrarhandel und Verarbeiter bange Fragen. Wie viel Ertrag und Qualität hat die Hitzewelle beim Weizen und Raps gekostet? Wie sehr leiden die Herbstkulturen wie Mais und Kartoffeln unter dem Wassermangel? Können attraktive Erzeugerpreise die Einbußen durch die steigenden Betriebsmittelpreise wie Dünger und Diesel unter denen Landwirte ächzen, kompensieren? Darüber berichtet live vom Karlsruher Hafenterminal Dr. Richard Volz, Geschäftsbereichsleiter Agrar, bei der ZG Raiffeisen im DLG-Podcast special mit DLG-Host Daphne Huber, Mit glied im DLG-Newsroom, und Chefredakteurin des Nachrichtendienstes agrarticker.de. Im zweiten Teil richten wir den Blick auf die Lage am Schwarzen Meer. Wie sehr sind die Exporte von Getreide und Ölsaaten durch die zerstörten Hafenanlagen wegen des Krieges zwischen Russland und der Ukraine beeinträchtigt? Wie arrangieren sich Landwirte und Handel vor Ort seit fünf Jahren im Kriegszustand? Wer könnte es besser wissen, als Björn Stendel, CEO der Getreide AG Ukraine und dort seit 30 Jahren in der Ukraine lebt und mit der Landwirtschaft zusammen arbeitet. Mehr Informationen zum Thema: DLG-Unternehmertage 2026 – Betriebsführung im Stresstest (01./02. September 2026, Würzburg): https://www.dlg.org/events/dlg-unternehmertage-2026 Jetzt Ticket für die DLG-Unternehmertage 2026 sichern: https://dlg-ev.ticket-web.site/DLG-UT26/ Märkte Preise Hintergründe https://www.agrarticker.de/ Mehr über die ZG Raiffeisen https://www.zg-raiffeisen.de/ Mehr über die Getreide AG https://www.getreide-ag.de/ Hier geht's zum DLG-MediaCenter mit Podcasts, Videos und Publikationen: https://www.dlg.org/mediacenter *Das Sounddesign dieses Podcasts wurde mithilfe von KI erstellt.

Das Niedrigwasser des Rheins setzt der Binnenschifffahrt zu und kostet Wirtschaftskraft. Aber auch die Natur entlang der Flüsse leidet unter Hitze und Trockenheit. SWR-Umweltredakteur Martin Thiel über die Folgen für das Ökosystem.

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Die Märkte für Getreide und Ölsaaten sind aktuell extrem volatil, von geopolitischen Krisen getrieben und schwer einschätzbar. Düngerpreise auf Rekordniveau, Getreidenotierungen ziehen nicht in gleichem Maße mit – landwirtschaftliche Unternehmerinnen und Unternehmer stehen unter hohem Druck. In der Tierhaltung ist das Marktumfeld ebenfalls herausfordernd; für schweinehaltende Betriebe geradezu existenziell. Ausgehend von dieser Situation beleuchtet diese Podcast-Episode folgende Fragestellungen: Welche Stellschrauben entscheiden über langfristigen Erfolg und Resilienz von Betrieben – und welche Kennzahlen gehören regelmäßig einer Belastungsprobe unterzogen? Mit den Keynote-Speakern der DLG-Unternehmertage 2026 (Leitthema:„Betriebsführung im Stresstest – Mengen. Preise. Strategien.", Termin: 1./2. September, Würzburg) ordnet DLG-Host Stefanie Pionke die Lage ein: Marktanalyst Steffen Bach (Kaack Terminhandel GmbH) skizziert Szenarien für Getreide, Ölsaaten und Düngemittel. Unternehmensberater Philipp Stubbe (GesamtBetriebsBeratung) prüft, wie stressresistent Ackerbaubetriebe heute sind. Dr. Veronika Drexl (SchweineSpezialBeratung Schleswig-Holstein) zeigt, welche Anpassungen bei Vermarktung, Betriebskonzept und Risikomanagement wirksam sind. Mehr Informationen zum Thema: DLG-Unternehmertage 2026 – Betriebsführung im Stresstest (01./02. September 2026, Würzburg): https://www.dlg.org/events/dlg-unternehmertage-2026 Jetzt Ticket für die DLG-Unternehmertage 2026 sichern: https://dlg-ev.ticket-web.site/DLG-UT26/ Mehr über Kaack Terminhandel GmbH: https://www.kaack-terminhandel.de Mehr über GesamtBetriebsBeratung (GBB): GBB – Gesamt Betriebs Beratung Mehr über SchweineSpezialBeratung: SSB – SchweineSpezialBeratung Schleswig-Holstein e.V. Hier geht's zum DLG-MediaCenter mit Podcasts, Videos und Publikationen: https://www.dlg.org/mediacenter *Das Sounddesign dieses Podcasts wurde mithilfe von KI erstellt.

Today on Homeowner AF, I'm breaking down the Canadian mortgage "stress test", including what it is, why it was introduced, and how it affects your borrowing power. I'll also share my honest perspective on whether this qualification rule helps or hurts first-time home buyers in Ontario.Stay tuned to hear:How the mortgage stress test fits into your mortgage pre-approvalThe qualifying rate lenders use and how your contract interest rate can change the calculationHow the stress test can reduce your maximum mortgage amount, even when the actual payment appears affordableWhy some Canadians believe the rule keeps qualified buyers out of the real estate marketHow the stress test can provide protection when interest rates increase or your mortgage comes up for renewalIWhy a conservative home loan can create more flexibility and help you avoid becoming house poorUnderstanding how the stress test works can help you feel more prepared, make informed decisions, and move one step closer to becoming a homeowner. If you still have questions, leave me a comment or send me a voice note on Instagram @briannagoslinmortgages for a chance to have your question answered on the podcast. I'll see you next week!Specific Questions?  Ready to get started?Book a free call with Brianna: www.Bricallme.comJoin my mailing list: https://briannagoslinmortgages.myflodesk.com/mortgagebitesWebsite: http://www.briannagoslinmortgages.comInstagram: https://www.instagram.com/briannagoslinmortgagesFacebook: https://www.facebook.com/brianna.goslin.mortgagesLinkedIn: https://www.linkedin.com/in/briannagoslinmortgages

Nach dem grossen Andrang von Migrantinnen und Migranten auf die spanische Stadt Ceuta an der nordafrikanischen Küste streitet die EU wieder über den Umgang mit Migration. Die Vorwürfe einiger EU-Staaten an die spanische Regierung seien allerdings unangebracht, sagt der Migrationsexperte. Weitere Themen: Hohe Temperaturen, sehr wenig Niederschlag: Die aktuellen Bedingungen sind für das Schweizer Gemüse ein Stresstest. Und sorgen dafür, dass sich die Ernte potenziell weniger lang lagern lässt: Ein krankes Blatt und der Kohl ist futsch. Was heisst das für Produzentinnen und Detailhändler? Corona und der Skandal um gefälschte Unterschriften haben den Wunsch nach der elektronischen Sammlung von Unterschriften verstärkt. Das Parlament hat nun mit einer Gesetzesanpassung den Weg frei gemacht für Testläufe mit E-Collecting. Welche Vorteile bringt diese Form des Sammelns und welche Risiken?

A business that depends on one client, one employee, or one traffic source is more fragile than it looks. One unexpected hit can expose the entire operation. In this episode of The Level Up Podcast, Paul Alex breaks down how to stress-test your business, eliminate single points of failure, and build systems strong enough to survive major disruptions. Success can create dangerous assumptions. You start believing the biggest client will always stay. The top performer will never leave. The lead source will never disappear. That is exactly when risk starts building beneath the surface. In this episode, you'll learn: • How single points of failure make your business dangerously vulnerable• Why founders should regularly test worst-case scenarios• How diversification and cross-training create stronger operations• Why cash reserves and backup systems increase long-term stability The truth is simple: Hope is not a contingency plan. Run the disaster scenarios before they become real. Diversify your revenue. Cross-train your team. Build backup acquisition channels. Protect enough cash to keep operating when something goes wrong. Stop building a house of cards. Build a business that can take a hit and keep moving. Your Network is your NETWORTH! Make sure to add me on all SOCIAL MEDIA PLATFORMS: Instagram: https://jo.my/paulalex2024Facebook: https://jo.my/fbpaulalex2024YouTube: https://www.youtube.com/channel/UCGhDAD1JyGGzSQUPD9lc9HQLinkedIn: https://jo.my/inpaulalex2024 Looking for a secondary source of income or want to become an entrepreneur? Check out one of my companies below to see if we can help you: www.CashSwipe.com FREE Copy of my book “Blue to Digital Gold - The New American Dream”www.officialPaulAlex.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Was für ein erstes Halbjahr: Der Halbleitersektor erst verdoppelt, dann halbiert. Margin Calls in Südkorea, Hyper-Scaler unter Druck, Software zwischen Panik und Rebound. Marcel Oldenkott, Portfoliomanager bei Bit Capital, ordnet das Chaos ein – und erklärt, wo jetzt wirklich Geld verdient wird. ------ Ihr habt Fragen, schreibt uns an: missionmoney@focus-money.de Alle wichtigen Links: https://wonderl.ink/@mission_money

Would your retirement plan hold up under pressure? In this episode of Financial Focus, John Kuykendall walks through what it means to "stress test" your retirement — looking at how market downturns, inflation, unexpected expenses, and longevity could impact your income down the road. Instead of just hoping your plan works, this episode is about actually pressure-testing it so you can spot the gaps before they become problems.

Nationally syndicated financial columnist and author Terry Savage joins John Williams to talk about why the stock market is tumbling today, what she expects from the Fed policy decision about rates, why you should stress test your money, and to answer all of your financial questions.

Ganslmeier, Martin www.deutschlandfunk.de, @mediasres

Simanowski, Roberto www.deutschlandfunkkultur.de, Politisches Feuilleton

Sende uns Deine NachrichtDiese Folge des Venture AI Podcast dreht sich um einen aktuellen Sanktionsantrag im Urheberrechtsstreit der New York Times gegen OpenAI vom Juli 2026, der laut dem neuen Essay von Norman Müller die Grundlage heutiger Enterprise KI Verträge infrage stellt. Ausgehend von der Aussage des OpenAI Mitarbeiters Winnie Monaco und dem internen Tool Project Giraffe diskutieren die beiden Podcast Hosts, ob Freistellungsklauseln in Softwareverträgen noch belastbar sind, wenn Anbieter ihre technischen Fähigkeiten vor Gericht verschweigen. Im Zentrum steht der Streit zwischen einer pragmatischen Marktposition, die eigene Sicherheitsnetze der Unternehmen fordert, und der Gegenposition, die strategische Intransparenz als inakzeptables systemisches Risiko einstuft. Die Folge ordnet den Fall auch im Licht der neuen europäischen Produkthaftungsrichtlinie ab Dezember 2026 ein.00:00 Einstieg: Der Sanktionsantrag gegen OpenAI01:23 Monacos Aussage bricht das alte Narrativ02:06 78 Millionen Chats und Project Giraffe03:30 Wie der Bloomfilter technisch funktioniert04:40 Die Freistellungsklausel in Enterprise Verträgen05:25 Ökonomisches Instrument oder bewusste Täuschung06:52 Spoliation und die Gültigkeit für den Mittelstand07:56 Die Forderung nach echten Auditrechten08:59 Blinder Fleck: Täuschung oder technische Unreife11:52 Die neue EU Produkthaftungsrichtlinie13:31 Der Vergleich mit dem Abgasskandal14:45 Eigene Guardrails statt Vertragsvertrauen17:40 Stresstest und Fazit: Vertrauen ist keine WetteDas Essay von Norman Müller findest du auf Substack:https://ventureaibriefing.substack.com Support the show________________Wenn du uns dabei unterstützen möchtest, diesen Podcast zu einer Allianz von Zukunftsarchitekten der KI-Transformation zu machen, in der wir offen über Chancen, Risiken und reale Erfahrungen mit Künstlicher Intelligenz sprechen, dann abonniere uns auf Substack, YouTube, Spotify oder Apple Podcasts. Dein Abonnement kostet dich nichts, hilft uns aber sehr, noch mehr herausragende Persönlichkeiten für tiefgehende und inspirierende Podcast Gespräche zu gewinnen. Vielen Dank für deinen Support.Vernetze dich mit Norman auf LinkedIn:https://www.linkedin.com/in/muellernorman

In this episode, Jason continues his before-phase planning series by sharing practical methods teams can use to test and strengthen a construction phase before fieldwork begins. He explains why every phase must be planned as a coordinated flow of trade trains moving through zones between clearly defined milestones. What you'll learn in this episode: How experienced outsiders can stress-test a phase through a fresh-eyes meeting. Why teams should assume the phase failed and work backward to identify potential causes. How to assign risk owners and mitigation strategies before problems occur. How 4D models, physical mockups, and paper sequencing reveal issues that schedules may overlook. Why simplified installation work packages make the plan clearer and more reliable for field crews. Are you validating every phase before work begins, or are you relying on crews to uncover planning problems in the field? If you like the Elevate Construction podcast, please subscribe for free and you'll never miss an episode.  And if you really like the Elevate Construction podcast, I'd appreciate you telling a friend (Maybe even two

Traditionally, European power systems were engineered around a single imperative: survive the winter "Dunkelflaute," those prolonged cold, dark, windless stretches that push demand higher while renewable generation collapses. But rising summer temperatures are dismantling this assumption. Heat waves are forcing a fundamental recalibration of infrastructure investment, operational strategy and market design across the European power sector. In this episode, host Eklavya Gupte speaks with Parth Goel, power analyst at S&P Global Energy CERA, about how extreme heat is reshaping demand patterns, straining supply and exposing vulnerabilities in the continent's energy infrastructure. Goel explains why France, not Southern Europe, has emerged as the most price-sensitive region during heat waves, how solar generation creates dramatic price swings between midday troughs and evening peaks, and why Europe is shifting from a winter-peaking power system to a dual-peaking one. The conversation also examines the compounding effects of drought on Alpine hydro, the thermal stress on nuclear cooling systems, and why summer now demands the same infrastructure planning attention as winter.

Traditionally, European power systems were engineered around a single imperative: survive the winter "Dunkelflaute," those prolonged cold, dark, windless stretches that push demand higher while renewable generation collapses. But rising summer temperatures are dismantling this assumption. Heat waves are forcing a fundamental recalibration of infrastructure investment, operational strategy and market design across the European power sector. In this episode, host Eklavya Gupte speaks with Parth Goel, power analyst at S&P Global Energy CERA, about how extreme heat is reshaping demand patterns, straining supply and exposing vulnerabilities in the continent's energy infrastructure. Goel explains why France, not Southern Europe, has emerged as the most price-sensitive region during heat waves, how solar generation creates dramatic price swings between midday troughs and evening peaks, and why Europe is shifting from a winter-peaking power system to a dual-peaking one. The conversation also examines the compounding effects of drought on Alpine hydro, the thermal stress on nuclear cooling systems, and why summer now demands the same infrastructure planning attention as winter.

The provided sources explore the evolving landscape of AI safety evaluations and governance frameworks used to mitigate risks from advanced models. Modern assessment strategies are divided into model safety evaluations, which test a system's internal capabilities, and contextual evaluations, which measure real-world impacts through methods like red-teaming and uplift studies. Organizations such as OpenAI, Anthropic, and Google DeepMind have adopted responsible scaling policies and preparedness frameworks that establish voluntary thresholds for pausing development if risks become unmanageable. However, critics argue that these self-governing policies often lack rigorous enforcement and may fail to address the full spectrum of potential harms. To enhance reliability, developers increasingly rely on Human-in-the-Loop (HITL) systems and standardized benchmarks to ensure ethical alignment and functional correctness. Ultimately, the texts highlight a critical tension between the rapid advancement of intelligence and the need for transparent, robust oversight to prevent catastrophic failures.

The biggest AI stocks have had a remarkable run – but questions still remain. Our Head of Americas Specialty Sales, Thomas Wigg, speaks with Global Head of Thematic and Sustainability Research Stephen Byrd and Global Head of Public Policy Research Ariana Salvatore about the competition and durability of the investment cycle.Read more insights from Morgan Stanley.----- Transcript ----- Thomas Wigg: Welcome to Thoughts on the Market. I'm Tom Wigg, Morgan Stanley's Head of Americas Specialty Sales. Stephen Byrd: I'm Stephen Byrd, Morgan Stanley's Global Head of Thematic and Sustainability Research. Ariana Salvatore: And I'm Ariana Salvatore, Morgan Stanley's Head of Public Policy Research. Thomas Wigg: Today, the rally in AI CapEx beneficiaries has taken a breather in recent weeks on concerns of competition from open-source models, backlash to token-maxxing, and growing political opposition to data center builds. It's Tuesday, July 7th at 10am in New York. Let's start with you, Stephen. There's a lot of discussion recently around a backlash at token-maxxing. Essentially, enterprises trying to curtail their high spending on AI tokens from the frontier labs, and, in many cases, shifting to cheaper open-source China models. Can you first offer some perspective here on the value of tokens for enterprises? I know you have a popular token factory model that walks through the economics of agents. Stephen Byrd: Yeah, Tom, we do have this model that really walks through token economics, both from the adopter side as well as the hyperscaler side. So, let's do the adopter side. So, there's a study out that shows a whole range of enterprise use cases of AI, and the average single use case that they identify would save a company about $55 or provide that much benefit. And while we don't know exactly how many tokens it will require, we can make some educated guesses as to a typical token usage to achieve that $55 outcome. And we know that a typical American model, though this varies a lot, you can think of as the cost per million tokens being in the range of $5 per million. Some will be lower, some will be higher. So, for a few dollars of token cost, an enterprise can generate benefit of $55. So that doesn't make me overly concerned about token spend and concerns about token-maxxing. I know we're going to get into that, but the foundation here is really good in the sense that enterprise use cases are very much in the money. Thomas Wigg: How do you think market share ultimately shakes out on tokens? Do the cheaper models overtake the frontier AI labs? Do tokens bifurcate based on the complexity of workloads? How do you think this plays out? Stephen Byrd: What we continue to see is this relentless pace of innovation and cost reduction. So, the frontier keeps going out – meaning model capabilities continue to increase, and, with that, we see enterprise adoption growing quite a bit. Long way to say there is a role for both the frontier as well as these open-source models, and we'll continue to see both flourish. What I see is a lot of tokens will be spent on open-source models. A lot of the value will be in the higher end models because that's where enterprises are going to go. Let me give you an example. I was speaking with one of our programmers about a recent project, and he used a very high-end coding tool, an American coding tool. And for him, that incremental cost of the tokens was very much worth it. And here's a very practical example as to why it makes sense for many enterprises to use the higher end models. If a coding tool gets one of the thousands of lines of code wrong, the cost to remediate is very, very high. In other words, that incremental cost – in this example I'm thinking of, it's a few dollars incremental cost – is so worth it because if the quality is not there, the cost to any enterprise to go back and remediate is so high. And that's true in a lot of enterprise use cases, but not in every use case. And what we are seeing is these open-source models that are cheaper will be very good for a variety of more mundane use cases that are still very valuable. That said, what we've seen in data from places like OpenRouter is dollar-weighted, meaning valued by enterprise spend, the vast majority is still the proprietary models. But even within proprietary models, we could have more expensive and less expensive models. You do not need to go to the frontier. Where I come out on all this is that I'm very confident that the demand for compute is going to exceed the supply. What is difficult to exactly know is who are the winners, what is the exact mix. But the fundamentals of the demand for compute look extremely strong. Thomas Wigg: So, I think you just gave me the answer, but I do want to bring this all back to AI CapEx. Now, last year, when the market sold off on Deep Seek concerns, the concept of Jevons paradox ultimately prevailed, where the cheaper pricing led to even greater demand and CapEx went higher.Do you think the same plays out here? Stephen Byrd: It does look that way very much. And the Jevons paradox dynamic is what we still see today in the sense that as the models get better, what we can do with the models increase, the cost of tokens will keep dropping, the cost of compute will keep dropping.But let's talk about what might derail that, just to make sure we're thinking about all the risks. If somehow commoditized models could perform at the same level as proprietary models in all situations, then I would feel differently. But I don't see that. What I see is that these newer models really do have capabilities that are fairly breathtaking and that are worth that extra money. But if somehow, we hit a wall where these models aren't getting better and therefore the sort of the open models are going to catch up, then I'd feel differently about that. This is where Ariana will, will come in in terms of policy and, you know, this comes up a lot when we think about U.S. versus China. How do we think about, you know, access to different models? How do we think about the cost of different models? What about the risk of appropriation of capabilities by the Chinese firms, for example? That comes up a lot in policy circles. But the base case that I have is this just looks more like Jevons paradox, and there's going to be continued innovation, continued reduction in the cost of producing these services from these models. That looks like more of the same. Thomas Wigg: Let's shift to Ariana to talk about the political angle here. The cover of Barron's over the weekend was a guy wearing a no data centers T-shirt. And this does seem to be one of the few bipartisan issues of agreement heading into the midterms.The stat that the article gave was that 75 data center projects worth $130 billion were blocked or delayed in 1Q26, which is equal to the total number for 2025. This is according to Data Center Watch. Now, most of this is in blue states like New York, Michigan, Illinois, Minnesota considering a statewide moratorium, but you're also seeing Pennsylvania, Arizona, Ohio, parts of Texas restricting tax incentives here. So as this gets louder into the midterms, how do you think this plays out? Ariana Salvatore: So, this is definitely one of the big wedge issues, not just for the midterm elections, but for 2028. And to your point, it's expanding into something that's got bipartisan momentum behind it. Our view is that as long as the Trump administration is in power, something like a federal ban is unlikely to come to fruition. That's because we think the administration is still broadly supportive of the AI data center build-out. And I think even if you were to see a Democrat in office further down the road, that position is the same. And the reason is, it's just too difficult to imagine the U.S. giving up that strategic imperative relative to China. So, while it is true that voters are against AI, while it is true that you are seeing these sorts of local efforts pick up steam, it's also the case that China is accelerating its own AI build-out – not just domestically, but around the rest of the world too. It's also the case that they are kind of tweaking some export restrictions on inputs for some of these data centers, and those geopolitical realities, I think, are hard to ignore. So, at the end of the day, there is a broader strategic imperative here that both Democrats and Republicans kind of recognize and get behind. Now, what does that mean in the near term for the build-out? I think it's not that you're going to see a real pushback or moratorium so much as a conditional build-out.That means you're going to see data centers have to incorporate things like grid modernization in their contracts, agree to longer term investments, for example. Do something that benefits the communities or give it back in some way. And I think that's kind of the policy trajectory in addition to the administration continuing to lean on tech companies to basically, you know, square the circle here and find some way to make this more affordable for, you know, local constituents. Thomas Wigg: Stephen, let me get your take on this too, because I know you live in the D.C. area, and you have a lot of political conversations like you referenced earlier. How do you think this plays out? Is it a red state versus blue state dynamic? And if what Ariana says comes to fruition, where it's a conditional build-out in terms of either giving back to the community or ensuring certain prices or certain technologies behind the meter, in front of the meter, does that have implications for certain areas of the market? Stephen Byrd: Yeah. First, I think Ariana's points were all spot on. I just want to, kind of, build on that and, and dive into it a little more detail. A few things. The politics are, from my perspective, not being the expert that Ariana is, I find them a little strange – in the sense that at the federal level, we have one dynamic, and at the state and local level, we have a bit of a different dynamic. And what I mean by that is, at the federal level, I think it's becoming increasingly clear just how geopolitically important AI supremacy is. As these models get more capable, I think it's pretty clear that the Trump administration really sees just how potent these tools are from a geopolitical point of view. So that points in the direction of wanting to support AI and wanting to ensure that the United States has a leading and dominant position in terms of AI capabilities. Pause there, and then go to your point about, sort of, the local and state level. Building on what Ariana said, what I see are basically two approaches to data center development. In states where the utility is vertically integrated, meaning they control everything, like Louisiana, I do see a path where – in those kinds of states where the politics are a bit more favorable – you could develop a data center connected to the grid, where the data center developer is paying full freight and then some. Meaning that they are providing back to the community, they're providing sort of net benefits, and there should be plenty of capital to make that work and really support all constituents. That can work – in a state where the politics work – because utilities are really weather vanes from a political point of view. So, if their state supports data center development, they will more likely support a data center development. The other approach, though, in many states, whether it's deregulated or it's in a state where the politics are a little less favorable. Which, to your point on the cover of Barron's, it's a lot of states, what I'm increasingly seeing is that the developers are going to go off grid. And they just don't want to show any impact to the community that could be considered negative. So, no use of water, no use of power, and hopefully have a, you know, low or zero emissions profile to show no impact at all. Even then, you want to give back to the community. But the view there is, look, we want to sidestep all of these concerns that we might be causing impacts to the grid by just not being connected. So, I think we're going to see a whole lot of off-grid data center projects. That's mostly natural gas turbines and fuel cells, that general approach. Energy storage will be required in a big way. That's not easy to do. So, in the context of delays there, the Bitcoin players who do have grid access today are clearly seeing a lot of demand for their products. So, I would say politics is now a huge issue that's showing up. The other thing I'd flag is often local communities and states are rejecting projects and using permit requests as a way to do that. So, for example, if your data center needs an air permit because your turbines are going to emit some kind of an, you know, sulfur dioxide, et cetera, into the air, you can run into trouble there. If your data center requires water and you need a water permit, you can run into trouble. So, that's causing these developers to try to find approaches that really minimize or eliminate the need for those kinds of permits. Thomas Wigg: Stephen and Ariana, thank you for taking the time. And to our audience, thank you for listening. If you enjoy Thoughts on the Market, please leave us a review wherever you listen to the show and share the podcast with a friend or colleague today.*****Tom Wigg is a member of Morgan Stanley's Institutional Equity Division and is not a member of Morgan Stanley's Research Department. Unless otherwise indicated, his views are his own and may differ from the views of the Morgan Stanley Research Department and from the views of others within Morgan Stanley.

Hitze, Ferien, Freibad - das gehört einfach zusammen. Es ist gesund, sich abzukühlen, egal ob beim Bahnen schwimmen, beim Rutschen oder Springen. Weniger gesund und trotzdem ein Muss: Eis und Pommes. Da hört der Spaß mittlerweile aber auch auf. In diesem Sommer nerven eingeschränkte Öffnungszeiten wegen Personalmangels, lange Schlangen am Eingang und dann auch noch Regelverstöße, die allen Stress machen. Manche Bäder schließen sogar ganz und Kindern fehlt die Gelegenheit, Schwimmen zu lernen. Freibäder sind unverzichtbare Erholungsinseln, Treffpunkt, Orte des Sportes und des sozialen Miteinanders - am Beckenrand sind schließlich alle gleich. Was kann also helfen, sie zu erhalten? Darüber spricht Moderatorin Karen Fuhrmann mit Volker Nies vom Betreiber des Freibades Rosenau in Fulda, Martin Holzhause von der DLRG, dem ehemaligen Profi-Schwimmer Thomas Lurz und der Politikwissenschaftlerin Ursula Münch. Podcast-Tipp: Radiowissen Das Freibad - Badespaß mit Geschichte Anfang der 1920er erlebte Deutschland einen Boom von neu gebauten "Freibädern". Einerseits hieß "frei", nicht in Hallenbädern schwimmen zu müssen. Andererseits bedeutete "frei" eine Gleichberechtigung jeglicher Form. Frau und Mann, Reich und Arm, alle sonnen sich und baden vereint unter freiem Himmel. Ein Podcast von Martin Trauner https://www.ardsounds.de/episode/urn:ard:episode:8598e84c67c34122/

The auto industry didn't lose USMCA on July 1st. It lost the assumption that the rules would sit still.The agreement isn't dead. Nobody packed their boxes. But the US declined to renew the deal as written, and it opened what could be a 10-year renegotiation of the trade framework that governs somewhere between 1.6 and 2 trillion dollars a year, with autos at roughly 18% of that. The proposal on the table increases North American content from 75% to 82%, with half of that produced specifically in the US, and 25% tariffs still in place as leverage.In this episode, Jan Griffiths and Tom Roberts bring back QAD trade experts Ian Berman and Joshua Guy to separate what actually changed from what only sounds like it did. The headline reads like an attack on trade with Mexico and Canada. Ian reframes it fast: the real target is China and Mexico, as the bridge suppliers have used to skate on tariffs. If you've been finding loopholes, this is the light being pointed at them.Nothing changes tomorrow. That's the trap. The suppliers who wait for final rules will be doing origin math under deadline pressure that the prepared ones have already finished. Qualifying under the new content thresholds forces every supplier to expose its true bill of materials, and then to know its supplier's supplier's supplier. That's not a sourcing problem first. It's a data problem first.Joshua makes the same case from the trade-zone side. Foreign-Trade Zones won't erase the origin issue, but used well, they're a lever that mitigates duty exposure, with ROI that usually lands inside year one. 2025 was the largest growth year FTZ usage has seen, and DC is staffing up for another record in 2026. Underneath it all, the hosts keep returning to one message: data quality is the survival trait, systems turn that data into decisions fast enough to matter, and agility is the posture, because the volatility isn't a phase to wait out.This episode is a reminder that global trade is not back-office reporting. It is a strategic infrastructure. Leaders who treat it as such gain flexibility, cash flow timing advantages, and margin recovery. Those who do not will absorb the cost and call it unavoidable.Themes Discussed in This EpisodeWhat actually changed on July 1, and what didn'tWhy the new rules target China, with Mexico as the transshipment bridgeRising US-content and regional-value thresholds under revised rules of originOrigin qualification as a data problem before a sourcing problemKnowing your supplier's supplier's supplier across the bill of materialsClean upstream data as a tier-two competitive advantageForeign-Trade Zones as a duty-mitigation lever, not a loophole around originMoving from reactive compliance to proactive planning before the rules are finalFeatured GuestName: Ian BermanTitle: Global Trade and Transportation ExpertAbout: Ian is the Manager of Business Consulting with QAD Supply Chain. Ian has been with QAD for 11 years and has 20 years of experience in global trade and transportation management. He holds a Masters Degree in Supply Chain Management as well as an ASCM CLTD Certification.Connect: LinkedInName: Joshua GuyTitle: Foreign Trade Zone (FTZ) SpecialistAbout: For more than 25 years, Joshua has worked at the intersection of engineering, product leadership, and global trade, helping organizations bring structure and clarity to complex supply chains. Today, he leads strategy for Foreign-Trade Zone solutions that enable multinational importers to manage tariff exposure, reduce compliance risk, and strengthen financial performance. He also led the development of QAD FTZ, an industry-leading Inventory Control and Recordkeeping System that supports manufacturers, distributors, and 3PLs as they move from reactive compliance to proactive, resilient trade strategy in a volatile global environment.Connect: LinkedInAbout Your HostsJan GriffithsJan is the host and producer of the Auto Supply Chain Champions Podcast and The Automotive Leaders Podcast. A former automotive manufacturing and supply chain executive, Jan is recognized as a Champion for Culture Change in the automotive industry. She brings direct, grounded conversations to leaders navigating execution, disruption, and transformation across the global automotive ecosystem.Tom Roberts (Co-host)Tom is Co-host of the Auto Supply Chain Champions Podcast and Vice President of Strategic Industry Development at QAD. He works closely with automotive and industrial manufacturers to close the gap between insight and execution, helping leaders move from visibility to systems of action that drive real operational outcomes.Episode Highlights[01:43] Couples Therapy for Your Sourcing Strategy: Jan opens with Pete Mento's framing of the July 1 news, and the room agrees the metaphor fits: every sourcing decision now comes with an asterisk.[02:39] The Real Target Isn't Mexico: Ian reframes the headline. This is aimed at China and the Mexican bridge suppliers have used to skate tariffs, not at North American trade itself.[03:57] A Light on the True Bill of Materials: New content thresholds force origin math that exposes what a product is actually made of, and pushes visibility down to the supplier's supplier's supplier.[04:40] Tier Two Data Becomes an Advantage: Josh makes the case that clean, auditable upstream data is what separates the suppliers who survive this from the ones who scramble.[05:19] The Data Sensitivity Problem: Tom names the tension: OEMs want deeper visibility, and tier ones are wary of exposing their supply base and origin data outside their four walls.[09:02] FTZ as a Tool in the Toolbox: Josh explains what Foreign-Trade Zones can and can't do. They won't erase the origin issue, but they mitigate duty exposure in export-heavy flows.[11:06] A Record Year for Foreign-Trade Zones: 2025 was the largest FTZ growth year yet, and the DC board is staffing up for another record in 2026. Awareness of the lever is finally catching up.[13:04] The ROI Is a No-Brainer: Josh walks Tom through the math: most companies recoup FTZ setup and software costs inside year one or two, before the deeper savings even count.[15:50] Rules of Origin, in Plain Terms: Ian breaks down what a rule of origin actually is and why knowing your biggest BOM cost line matters more than any headline percentage.[19:48] Stress-Test the BOM Now: Jan lays out the starting move: run 82% regional and 50% US content against your bill of materials, prioritize the parts, then build the action plan.[22:32] The Monday-Morning Playbook: Ian, Josh, and Tom close on three moves: baseline your data, put systems in place, and stay agile, because the volatility isn't slowing down.Top Quotes[04:15] Ian Berman: “ If you're not doing FTA calculations and origin determinations today, my guess is you'll be doing them tomorrow because that's what's really gonna be tied in if you wanna keep being able to use these aspects.”[12:29] Joshua Guy: “You might not be able to get the full savings that you once might have had, but you can use these different tools available to squeeze out just enough margin to stay competitive.”[22:11] Jan Griffiths: “It's about reducing those decision-making cycle times, being able to grab the situation, grab the ball, and pivot and move with it quickly.”[24:40] Tom Roberts: “You got to have great data, and you got to make some decisions, and it's something you can't leave behind. You can't just kinda wait it out. It's good to get in front of it now.”Follow the Auto Supply Chain Champions Podcast for real conversations with leaders who are making hard choices, focusing their bets, and leading with intent.

Join host Sammy Gordon and APS Strategist and Property Economist Luke Teeuwsen, as they dive deep into the crucial topic of stress testing your property portfolio. They break down essential strategies investors should use to assess and manage risk, emphasising the importance of knowing your numbers, tracking cash flow accurately and planning for worst-case scenarios. Luke introduces the “three numbers” method for understanding your portfolio's financial health, while Sammy shares practical insights from his own journey - highlighting the discipline, sacrifice and business-like approach required to withstand tough markets and maximise returns. Together, they provide actionable advice on maintaining adequate buffers, identifying when to sell underperforming assets and treating your portfolio like a business to achieve long-term success. School of Property is the ultimate education destination to master property investment, with a curriculum meticulously designed and crafted with both beginners and experts in mind. Whether you are a complete novice, or you're ready to take things to the next level in your portfolio, this is the program for you! To find out more, head to ⁠www.schoolofproperty.com.au⁠ If you loved this episode please send it on to someone who would take some value, and please give us a 5 star review if you haven't yet and are loving the poddy! If you want your question answered on our podcast DM us on our socials or email us at ⁠apsteam@australianpropertyscout.com.au⁠ Send us your questions to:Instagram: @australianpropertyscout Want to book a call with us: Website: ⁠https://australianpropertyscout.com.au⁠ Any information, comments, opinions or content that we provide in this podcast is our general observations and information only and it is not to be taken as, or in any way, considered to be financial advice, accounting advice, superannuation advice or legal advice. We strongly recommend all and any listener and participant to obtain their own independent financial advice, accounting advice, superannuation advice and legal advice before acting in any way in relation to any investment at all including any investment in property such as what we might be discussing in this podcast. No warranty, guarantee or representation is to be taken and you cannot reproduce it in any way. Every persons financial or investment situation is different and you must consider your own circumstances before undertaking any investment and be sure to obtain independent advice. Australian Property Scout Pty Ltd | License Number: 10094798 | ABN: 64 638 266 369

The Federal Reserve's latest stress test found that America's largest banks could withstand a severe recession, a 30% drop in home prices, and a 39% decline in commercial real estate values while continuing to lend. Kathy Fettke explains what the results mean for real estate investors and why a resilient banking system matters for the housing market.   Want to learn more? Visit www.NewsForInvestors.com   Source: https://www.federalreserve.gov/newsevents/pressreleases/bcreg20260624a.htm

Jai Bhavnani is the Founder of Waymont Co, the developer of the Royco protocol.In this episode of DeFi Frontier, Jai walks through how Royco evolved from an incentive platform into a risk tranching protocol connecting RWA issuers with both institutions and DeFi users. He explains what makes an asset worth tranching, and then navigates through a real stress test in progress for Royco, with the recent apyUSD drawdown triggering a 21-day observation period. Plus, we get a first take on what to expect from Royco Dusk, a new app for extending credit to Royco senior tranche holders, through an AMM-backed liquidity pool.------

Join EVOLVE, the community built around understanding your inner characters and what to do with that: http://evolve.geekpsychology.comINFP and INFJ often land on the same descriptions, feel the same relief, and still end up in the wrong box — because most comparisons tell you to look at behavior, which is the wrong place to look.In this video you'll see:Why the real difference lives in your cognitive functions, not your traitsWhat Dr. Dario Nardi's brain scan research reveals about how each type processes intuition differentlyThe stress response test that tells you which type you actually areIf you've typed yourself as both and still aren't sure, this one's for you.00:00 Finding Yourself in Type01:16 Why Behavior Misleads01:33 Fi vs Fe Decision Making04:31 Intuition Opposite Directions04:46 Brain Scan Differences06:20 Explorer vs Mystic Signals06:46 Mistypes Under Stress07:39 INFP Stress Commander08:17 INFJ Stress Adventurer10:12 Relief and Next Steps

Chelsea Spieker präsentiert das Morning Briefing.

All 32 banks in the Fed's "stress test" passed, which Stephen Biggar considers a green light for financial strength heading into the upcoming earnings season. He adds to his perspective by outlining profit expectations for companies like JPMorgan Chase (JPM), Wells Fargo (WFC), and Bank of America (BAC). Tom White turns to an example options trade for JPMorgan Chase. ======== Schwab Network ========Empowering every investor and trader, every market day.Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. http://bit.ly/2v9tH6DSubscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

The Houston Texans defense is getting national love — and for good reason. Mina Kimes and JP Acosta both ranked Houston as the best defense in the NFL, and on paper, it's hard to argue. The Texans kept their core intact, added Reed Blankenship, drafted Kayden McDonald, and still have the force multipliers that make this defense terrifying: Will Anderson Jr., Danielle Hunter, Derek Stingley Jr., and Kamari Lassiter. But believing the hype doesn't mean getting comfortable with it. In this episode of Bleav in Texans, Seth Payne reacts to the national praise for DeMeco Ryans' defense and stress tests the optimism. What happens if one of the pillars gets hurt? Can a defense that plays fast and relatively simple stay ahead of offenses without adding new wrinkles? Is it fair to assume Kayden McDonald immediately solves the defensive tackle rotation? And how much better can the Texans be with a more stable safety situation? The Texans' defensive hype is real. Now it's time to look at where the pressure points might be. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Dmitri Maxim of MarpoleAI breaks down the Fed's changes to bank stress tests, noting reduced transparency and the end of forward guidance. He highlights concerns around extended rules through 2027 and the growing risk in commercial real estate exposures. Maxim warns that smaller banks could be especially vulnerable as conditions in the sector deteriorate.======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

Mortgage stress test: realistic measure or red tape for homebuyers? Guest host Robin Gill talks to Brian Harris, CEO of B.C.-based Beem Credit Union Learn more about your ad choices. Visit megaphone.fm/adchoices

Das ist das KI-Update vom 24.06.2026 unter anderem mit diesen Themen: Geheimdienstbündnis warnt vor KI-gestützten Cyberangriffen Update für OpenAIs Sicherheitsmodell GPT-5.5-Cyber Vibecoding wird zum Stresstest bei Firmenübernahmen und Google investiert 75 Millionen US-Dollar in Filmstudio A24 === Anzeige / Sponsorenhinweis === Dieser Podcast wird von einem Sponsor unterstützt. Alle Infos zu unseren Werbepartnern findet ihr hier. https://wonderl.ink/%40heise-podcasts === Anzeige / Sponsorenhinweis Ende === Links zu allen Themen der heutigen Folge findet Ihr im Begleitartikel auf heise online: https://heise.de/-11342366 Weitere Links zu diesem Podast: https://www.heiseplus.de/audio https://www.heise.de/thema/KI-Update https://pro.heise.de/ki/ https://www.heise.de/newsletter/anmeldung.html?id=ki-update https://www.heise.de/thema/Kuenstliche-Intelligenz https://the-decoder.de/ https://www.ct.de/ki Eine neue Folge gibt es montags, mittwochs und freitags ab 15 Uhr.

Das ging ja gut los! SpaceX ist an der Börse und ich habe eine Fehlentscheidung getroffen, was die Zeichnung angeht: Ich habe nämlich gezeichnet, ABER, dazu kommen wir gleich! Außerdem meine Einschätzung, für wen ist diese Aktien geeignet, für einen Spekulanten für einen langfristigen Anleger? Alles was ich (Stand jetzt) dazu zu sagen habe, in der heutigen Folge.
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Ein wichtiger abschließender Hinweis: Aus rechtlichen Gründen darf ich keine individuelle Einzelberatung geben. Meine geäußerte Meinung stellt keinerlei Aufforderung zum Handeln dar. Sie ist keine Aufforderung zum Kauf oder Verkauf von Wertpapieren.
 Zum Zeitpunkt der Erstellung dieses Beitrags, lagen bei dem Autor, Lars Erichsen, keine Interessenskonflikte vor. Geplante Änderungen: Keine. Weitere Informationen entnehmen Sie bitte unserem Transparenzhinweis zum Umgang mit Interessenskonflikten: https://www.lars-erichsen.de/transparenz-und-rechtshinweis

Most high performers don't burn out because they're weak.They burn out because they've become too good at carrying pressure.In this video, I share what happened during a 160km kayaking expedition through remote Thai islands — the moment my nervous system stopped responding to pressure the way it always had before, and what that experience taught me about stress, burnout, emotional regulation, and sustainable performance.If you're a founder, leader, entrepreneur, or high-achiever carrying invisible internal pressure while still functioning externally, this episode will help you understand why “pushing harder” eventually stops working — and what to do instead.We explore 10 practical ways to leverage stress more intelligently so you can perform better, recover faster, and protect your long-term wellbeing without losing your ambition.Questions Answered• Why high performers burn out• What prolonged stress does to the nervous system• Why pushing harder stops working• How to regulate stress without losing performance• Early signs of burnout• How to build sustainable performance• Can stress improve performance?• How to restore clarity and resilienceWhat You'll Learn• How chronic pressure affects decisions• Productive stress vs overload• How stress impacts leadership• Tools to recover clarity• Why emotional regulation matters• How to perform without burning out• Hidden patterns behind exhaustion• A framework for managing stress in real timeKey Concepts Explained• Stress OptimisationLearning how to regulate and direct stress so it supports performance instead of undermining it.• Functional BurnoutA state where someone still appears capable externally while internally running on depletion, emotional suppression, and chronic nervous system strain.• Nervous System RegulationThe ability to recognise, stabilise, and recover from stress responses so the body and mind can return to clarity and resilience.

Der Börsengang von SpaceX ist kein normales IPO, sondern ein Stresstest für Anleger, ETFs und Indexanbieter. Deshalb dominiert er den ersten Teil unserer Q&A-Reihe: Tobias Kramer beantwortet eure Fragen zu SpaceX, Starlink, American Tower, DAX und FAZ-Index, Gesundheitsaktien und Depot-Transparenz – nüchtern, mit Zahlen, ohne Hype. SpaceX kommt zu 135 bis 162 Dollar je Aktie an die Börse, das entspricht einer Bewertung von 1,8 bis 2,1 Billionen US-Dollar. Neue Class-A-Aktionäre halten danach zusammen gerade einmal 11,5 Prozent der Stimmrechte, während Elon Musk über seine Class-B-Aktien mit zehnfachem Stimmrecht rund 85 Prozent der Stimmen kontrolliert. Tobias rechnet einen bewusst optimistischen Bull Case durch (400 Mrd. Umsatz und 30 Prozent Nettomarge bis 2033) – und landet selbst dann bei einer unbequemen Antwort auf die Frage: Wie viel Zukunft ist hier schon bezahlt? Die Themen im Überblick: ▪️ Starlink Mobile als Angriff auf Deutsche Telekom, T-Mobile US und den globalen Mobilfunkmarkt – Chance, Schwachstelle und Frequenz-Politik ▪️ Nasdaq 100 vs. S&P 500: Warum die Fast-Track-Aufnahme von SpaceX Kritik verdient – und der S&P 500 mit seinen Regeln überzeugt ▪️ American Tower: Hat der Funkturm-REIT gegen Starlink noch eine Zukunft? ▪️ SpaceX shorten? Warum Tobias dringend davon abrät – Stichwort Lock-up-Fristen und Optionsprämien ▪️ DAX oder FAZ-Index: Welcher deutsche Index gehört ins Depot? ▪️ Gesundheitsaktien (Abbott, Medtronic, Pfizer, Boston Scientific): Übersehener Sektor oder Value-Falle? ▪️ Depot-Einblick: Der Link zur Google-Sheet-Übersicht steht in den Timestamps Unterm Strich eine klare Absage an Bewertungsromantik: Große Visionen reichen nicht, wenn Anleger heute schon den Gewinn von übermorgen bezahlen. Schreibt in die Kommentare, wie ihr den SpaceX-Case rechnet: 2 Billionen gerechtfertigt, 60 Prozent Rückschlagpotenzial – oder seht ihr den Weg zu 10 Billionen? Und wenn ihr solche Q&A-Folgen wollt: Abonniert den Kanal und meldet euch für unseren Mail-Verteiler auf echtgeld.tv an – dort laufen Umfragen, Fragerunden und Verlosungen. Teil 2 mit den weiteren Fragen (u. a. Marvell Technology und LVMH) folgt in der nächsten Sendung.

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In this episode, I spoke with Stuart Fiertz, co-founder and president of Cheyne Capital.I've known Stuart for years and one of the things I appreciate most about him is his willingness to say things that many people in the industry are thinking but few will say publicly. This conversation was a good example.We started with private credit, because, well, there's a lot to say. Stuart argued that many of the concerns he and other investors have raised over the years are beginning to surface. He discusses the rise of payment-in-kind loans, concentration in software and technology, and why he believes the industry still hasn't fully absorbed the consequences of the dramatic interest-rate shift that began in 2020.As Stuart put it: "You just can't have such a momentous change in an interest-rate regime and not have fallout from that."But he doesn't expect a dramatic collapse. In fact, the industry has become remarkably good, perhaps too good, at delaying any reckoning. Loose covenants, refinancing activity, continuation vehicles, evergreen capital, and fresh sources of funding are all helping extend the credit cycle. The problems are showing up, Stuart argues, but they're unfolding far more slowly than many expected.We also discussed what may ultimately unlock the industry's enormous backlog of unsold private companies. Stuart has been thinking about this question for a while. When he entered the business, private equity often created significant value by taking public companies private and improving them. Today, many businesses have been passed from one sponsor to another through multiple ownership cycles.Stuart's question is a simple one: "Who is leaving value on the table?" he asked.His point was not simply that valuations remain too high. “I think there's a little bit of a challenge here that is more fundamental than I think people realize. It's part that the lemon's been squeezed. I think it's going to take a meaningful valuation haircut to move them. And I'm just not sure why the PE firms would mark them down.”We also get into why Stuart believes transparency may be the industry's biggest challenge. He argues that investors, regulators, and managers would all benefit from more consistent reporting and warns that private credit firms risk inviting heavy-handed regulation if they don't become more forthcoming about what is happening inside portfolios.And there's more. Listen in for other topics and tidbits we covered:• The difference between "cockroaches" and "termites" when assessing risk in credit markets• Why semi-liquid credit funds may increase cyclicality and pressure managers to deploy capital• Whether the industry's push into retail was driven more by asset gathering than investor need and why it matters• What continuation funds reveal about today's private equity exit environment• Why Europe remains both attractive and frustrating for private market investors

Grok Says: “Planet Rage is a bold, unfiltered comedy podcast hosted by Darren O'Neill and Larry Bleidner that dives into raw, no-holds-barred discussions on everything rage-inducing — from absurd news, cultural insanity, and political lies to everyday frustrations that drive you crazy. Think No Agenda with anger issues — sharp humor, honest media deconstructions, and … Continue reading "Planet Rage #0223 – Stress Test"

Every recession, crash, and major change in the real estate market has its warning signs. And while most people think these can only be seen in hindsight, we have “stress tests” today that signal corrections, crashes, or rising prices to come. These tests not only test the housing market, but also the economy as a whole, to tell us whether we're going to spiral down for years or stay afloat. Today, we're looking at one of the greatest “stress tests” of the housing market—credit. The “canary in the coalmine” of real estate is forced selling. Once this begins, the domino effect can easily get out of control. When sellers can't pay their bills, and are forced to sell, a race to the bottom is almost inevitable—and there's one part of the real estate market where this exact scenario is ramping up—fast. In today's show, we're detailing the assets and regions most at risk, comparing 2026's economy to 2008/2009 to see where we stand, going over foreclosure and delinquency numbers, and touching on the newest (concerning) consumer debt numbers quickly starting to rise—will the spillover put the housing market in danger?  In This Episode We Cover Our latest “credit stress” report and who is (and isn't) paying their mortgages 2008 vs. 2026 housing market stats: foreclosures, delinquencies, and more Forced selling has already begun for one (formerly profitable) type of real estate The corner of the housing market seeing double-digit delinquency rates in 2026 Newest consumer debt numbers and why they should concern many Americans And So Much More! Links from the Show Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE Join us at the BiggerPockets Conference October 2-4 in Orlando. Buy tickets Sign Up for the Investor Brief Newsletter Find Investor-Friendly Lenders Dave's BiggerPockets Profile On the Market 427 - The 2026 Recession is Here BiggerPockets Forums New York Fed Household Debt and Credit Report Grab the Book, Recession-Proof Real Estate Investing Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠https://www.biggerpockets.com/blog/on-the-market-428⁠. Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, we debrief Telehash #4 and dig into the open-source future of Bitcoin mining. We share behind-the-scenes metrics from HydraPool's six-and-a-half–hour live stress test, including 30.8 zettahashes processed, an average of 1.32 EH/s, a peak of 2.495 EH/s, 2,231 workers, 59 unique users, and an impressively low ~1% server CPU under >2,000 connections. We explain why rejection rates under ~2% matter, how stale and “difficulty too low” shares differ in solo vs pooled mining, and how Stratum “suggest difficulty,” plus our d= and h= password parameters, help right-size starting difficulty—making Telehash inclusive for both exahash renters and single-chip Bitaxe miners. We also touch on leaderboards, loyalty uptime rules, and shout out supporters like Elektron Energy, Compass, Saaz Mining, and Abundant Minds. From hardware to policy, we discuss Bitaxe UX updates (LVGL, Figma-driven UI, external display/knob), DOOMAXE fun, and industry standardization—from firmware and pools to racks, cooling, and power—arguing that open reference designs cut costs and risk for everyone. We cover GridPool's “winners list” approach to decentralized variance smoothing, the Patoshi/extra nonce story, vardiff dynamics, and privacy-conscious VPN mining. We reflect on immersion's decline versus hydro, ASIC roadmap realities and slowing efficiency gains, the supply-chain and security stakes (FCC Wi‑Fi moves, vendor backdoors), and why nonprofit coordination via the 256 Foundation matters for open firmware, dev kits, and reference designs. We close with community invites, next steps for Telehash #5, and a call for ASIC makers and big miners to collaborate on open standards that benefit small and large operators alike.

Friedrich Merz ist so unbeliebt wie noch kein deutscher Regierungschef vor ihm. Selbst Donald Trump rangiert im internationalen Vergleich vor ihm. Aber machen wir es uns nicht auch etwas einfach, alles, aber auch wirklich alles, was in diesem Land nicht funktioniert, bei ihm abzuladen? So einfach ist es nicht. Markus Lanz und Richard David Precht sprechen in dieser Folge über die verengten Gestaltungsspielräume der Politik und überlegen, wie wir das demokratische System so ausrichten können, dass sie wieder handlungsfähig ist. Wäre eine Minderheitsregierung beispielsweise eine Option?

What happens to your body and clinical judgment when you're managing a code blue at the exact hour your biology demands deep sleep? Chinyelu E. Oraedu is an academic hospitalist and nocturnist with 17 years of post-residency experience who has dedicated her career to understanding the science and human reality of night shift medicine. In this episode, based on her KevinMD article "How night shift medicine exposes the reality of physician stress," she breaks down why the 2 to 3 a.m. window is the most dangerous period for both patients and providers, when melatonin peaks, alertness bottoms out, and emergencies keep coming. You will learn practical strategies for surviving and thriving on night shift, from the right timing for caffeine intake to using light therapy at your workstation to suppress melatonin secretion. Oraedu explains why sleep is the single most important factor for night shift workers and why she tells every resident to protect it above exercise, meals, and everything else. She also shares surprising early data from her own research showing that night shift workers who build intentional structure around their schedule report high satisfaction. Whether you are an incoming intern about to start your first night float rotation or a seasoned nocturnist still battling fragmented sleep, this conversation offers a practical framework for reducing the hidden health risks of working against your circadian rhythm. Tune into our episode "2026 Cholesterol Guidelines: LDL goals, lipoprotein(a), and coronary calcium scoring," brought to you by Novartis Pharmaceuticals Corporation. For the first time in eight years, LDL cholesterol goals have changed, and preventive cardiologist Seth Baum says the new guidelines are a long-overdue course correction. He breaks down the new LDL targets for your highest-risk patients, why the LDL hypothesis should be retired in favor of the LDL fact, why lipoprotein(a) screening finally belongs in every patient's workup, what a coronary calcium score over 300 really means for how aggressively you treat, and how to talk to statin-skeptical patients without losing their trust. Listen now at KevinMD.com/cholesterol. VISIT SPONSOR → https://kevinmd.com/cholesterol Partner with me on the KevinMD platform. With over three million monthly readers and half a million social media followers, I give you direct access to the doctors and patients who matter most. Whether you need a sponsored article, email campaign, video interview, or a spot right here on the podcast, I offer the trusted space your brand deserves to be heard. Let's work together to tell your story. PARTNER WITH KEVINMD → https://kevinmd.com/influencer SUBSCRIBE TO THE PODCAST → https://www.kevinmd.com/podcast RECOMMENDED BY KEVINMD → https://www.kevinmd.com/recommended

The war with Iran has put a spotlight on the security and resilience of energy and supply chains around the world. In this second special episode from the ACORE Finance Forum in New York, host Ed Crooks explores what that means for the US power industry, at a moment when rising electricity demand was already putting the grid under strain.Lori Ann LaRocco, a trade and supply chain expert and author of Trade War: Containers Don't Lie, explains the global impacts from the closure of the Strait of Hormuz. She tells us that there are 70,000 products made from petrochemicals, including the components that go into solar panels, the chips for data centers, and your cell phone. Supplies of those products are being crunched because of the disruption to exports from the Gulf. Some are already in short supply. Even if the strait reopened tomorrow, the physical realities of repositioning tankers, clearing mines and restoring export infrastructure would mean supply chains would take at least a year to normalise. Her advice: know your supply chain not just to the first tier, but to the fifth, sixth and seventh.José Antonio Miranda, chief executive of Avangrid, talks about the opportunities and challenges created by rising electricity demand. He says investment needs to start now and keep going. His one word advice for policymakers: certainty. Investors have the capital and the expertise to deliver the new grid and generation capacity that policymakers want, he says. What the private sector cannot work with is retroactive rule changes and unpredictable permitting outcomes.Harry Krejsa, director of studies at the Carnegie Mellon Institute for Strategy and Technology, is a former official in both the Trump and Biden administrations who is focused on the relationship between energy and national security. He argues that worries about depending on China for clean energy technology often conflate two issues: cybersecurity risk, and supply chain dependency. His principle is guard the smart stuff, buy the dumb stuff, and build the future.Kara McNutt, Wood Mackenzie's head of power and renewables consulting for the Americas, shares her concerns about grid reliability. The share of dispatchable generation on the US grid is declining as coal-fired power plants shut down and new wind and solar capacity is added. Nuclear is genuinely exciting, with the global SMR pipeline nearly doubling in the past year, but it is a 2030s story rather than a solution for today.Benoy Thanjan, founder of Reneu Energy and host of the Solar Maverick podcast, is a solar developer. He is seeing surging interest in behind-the-meter storage, driven in part by concerns about energy security and resilience brought to the surface by the Iran war. The FEOC (Foreign Entities of Concern) rules, intended to stop unfriendly countries benefiting from US tax credits, remain a real point of friction. Customers want US-manufactured equipment, but the price gap between compliant and non-compliant products is still very large.Ray Long, president and chief executive of ACORE, closes by sharing his key takeaways from the forum. He says three things need to change to remove obstacles to investment: federal permitting reform, clear FEOC guidance from the Treasury, and faster approvals from the Departments of Interior, War and Energy for new projects. Follow the show wherever you're listening so you don't miss an episode. Let us know what you think. We're on X, at @theenergygang.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.