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Dharmesh Sheth is joined by Jacqui Oatley, Riath Al-Samarrai and Martin Samuel to reflect on the weekend's sporting action.We open with Arsenal's 4–0 win at Elland Road, stretching their lead at the top to seven points as Arteta's side punished Leeds united with ruthless set-piece execution. We then head to a chaotic night at Stamford Bridge, where Chelsea were booed off at half-time with West Ham two goals to the good. Liam Rosenior's side mounted an impressive second-half comeback to win 3–2, but Riath asks: do you applaud a man for cleaning up his own mess?Next, we're joined by Adam Collins to unpack the news that England cricketer Harry Brook lied about his altercation with a bouncer in a Wellington nightclub last year, now admitting he claimed to be alone in order to protect teammates.Finally, we break down Liverpool's 4–1 Anfield win over Newcastle, as Florian Wirtz impressed and Hugo Ekitike haunted his long-term admirers with a ruthless first-half double.Sunday Supplement is a Sky Sports podcast. Listen to every episode here: skysports.com/sunday-supplementYou can listen to Sunday Supplement on your smart speaker by saying "ask Global Player to play Sunday Supplement".For all the latest football news, head to skysports.com/footballFor advertising opportunities or to get in touch email: skysportspodcasts@sky.uk
SHOW SCHEDULE1-30-202617501.Jeff Bliss reports heavy Sierra snowpack is quenching California's thirst, also noting the seventy-fifth anniversary of Nevada atomic tests and new Las Vegas rail options connecting the desert city.2.Lorenzo Fiori reports Milan requires artificial snow for the Olympics, detailing security controversies regarding the USdelegation's protection and recommending local sparkling wines from the Italian region.3.Richard Epstein of the Hoover Institution endorses Kevin Walsh for the Fed, arguing that while independent boards challenge executive power, long-standing institutions gain legal legitimacy through historical prescription.4.Richard Epstein contrasts the Minnesota-ICE conflict with the Whiskey Rebellion, arguing against deporting non-criminal long-term residents and criticizing the administration's harsh rhetoric and refusal to compromise.5.Jim McTague reports on Lancaster County's frozen yet resilient economy, noting full factory order books and labor shortages despite the cold weather currently suppressing human activity in Pennsylvania Dutch country.6.Cliff May of the Foundation for Defense of Democracies analyzes the strategic necessity of securing Greenlandagainst Russian and Chinese threats, advocating for a NATO-led solution and increased defense spending.7.Cleo Paskal reports from Yap on China constructing a strategic runway on the island of Woleai to gain influence, noting the United States lacks a necessary physical presence in Micronesia.8.Cleo Paskal details Chinese influence patterns, including weaponized healthcare in the Solomons and casinos in Saipan, while noting new US efforts to support Palau's sovereignty against destabilization.8:54 PM Guest: Padraic Scanlan. Scanlan discusses Prime Minister Peel's famine relief efforts via Indian corn imports and the Duke of Wellington's skepticism regarding reports of Irish starvation. Guest: Padraic Scanlan. Scanlan details the volatility in the Irish countryside, the use of coercion acts, and the lack of circulating cash as evidence of uncivilization. Guest: Padraic Scanlan. Scanlan explains the evolution of Poor Laws, the harsh discipline of workhouses, and the implementation of soup kitchens like Soyer's during the famine. Guest: Padraic Scanlan. Scanlan describes the eviction practice of de-roofing cottages and discusses the lasting biological blight and the famine's central role in Irish diaspora memory. Guest: Henry Sokolski. Sokolski discusses the 75th anniversary of atomic testing, health risks for downwinders, nuclear energy costs, and the omission of extended deterrence from defense strategies. Guest: Jeff Bliss. Bliss reports on San Francisco business closures, rampant copper theft affecting Los Angelesinfrastructure, and political pressure on Governor Gavin Newsom regarding rebuilding efforts. Guest: Bob Zimmerman. Zimmerman updates on the next Starship launch, Starlink milestones, and challenges facing Europe's Ariane 6 rocket program compared to private U.S. space industry success. Guest: Bob Zimmerman. Zimmerman highlights James Webb Telescope discoveries challenging Big Bangtheories, new estimates of Europa's ice thickness, and unique images of Saturn and Pluto.
Guest: Padraic Scanlan. Scanlan discusses Prime Minister Peel's famine relief efforts via Indian corn imports and the Duke of Wellington's skepticism regarding reports of Irish starvation.1850 IRELAND TENANTS
Why should Wellington grace only the finest restaurants when you can turn your duck camp into a 5-star feast? The Fowl Life Midwest Host Joel Kleefisch, acclaimed Chef Ellie Lawton, and professional butcher Mike Kretschmer show you an easy way to make duck, goose, or venison the centerpiece of your dinner table with a Wild Wellington fit for any flyway in this episode of The Fowl Life, Eat Wild edition. This episode is brought to you by Travel Wisconsin and Camospace!
We're touring the sub-continent today, choose your mode of transport — Cape Cart, ox-wagon, horse, mule, on foot? Before the arrival of steam locomotion, roads in South Africa were little more than rutted tracks created by repeated passage of wagons and animal teams rather than purpose-built carriageways. There was no formal road network in the early 19th century: routes developed organically where ox-wagons, horse-drawn carts, and pack animals repeatedly traversed the landscape, linking farms, military posts, and markets. These tracks followed natural contours and river fords, often taking months to traverse over rugged terrain. The primary transport machines on land before railways were ox-wagons and horse-drawn vehicles. The ox-wagon was the backbone of overland transport. It carried heavy goods — from wool bales and foodstuffs to mining equipment — over long distances and difficult terrain. Transport riders, both European and African, led these wagons into the interior, resting at outspans before continuing. Their significance was such that even towns and trails were defined by their routes. Before the age of railways, South African towns grew up along the overland routes forged by ox-wagons, horses and people on foot, and the rhythms of travel on those routes had a profound influence on where settlements were established and how they were spaced. In an era when roads were not engineered highways but repeated trails across the veld, the limits of what an ox-wagon team or a horse-mounted traveller could cover in a day shaped the practical distances between reliable stopping places, watering spots and supply points — and ultimately played a role in the birth and growth of towns. Drawn by spans of oxen, often 8–18 animals harnessed in long teams — these wagons carried goods, families and traders across great distances. Their average pace was slow by modern standards, typically around twenty kilometres per day under good conditions, depending on terrain, weather and the condition of the animals. This daily range was often the practical maximum that wagon drivers would plan for, and that distance became a natural unit for planning journeys, locating inns or out-span grazing grounds, and later for settlements that would service trafficked routes. Because of these constraints, towns tended to appear at intervals that corresponded roughly with a day's travel by ox-wagon or horse — places where travellers could rest, water animals, resupply or trade. These stopping points, sometimes initially little more than a watering hole or crossing on a drift, acquired markets, services and sometimes a church or administrative function as traffic increased and the surrounding countryside was settled. Over time, these logical halting-places evolved into permanent towns serving an increasingly local and itinerant population. The first public railway service in South Africa marked a dramatic shift in land transport. The Natal Railway Companyopened a small line in June 1860, linking Point (Durban) to Market Square using steam traction — this was the earliest operational stretch of railway in the country. Its first locomotive, “The Natal,” carried goods and passengers, representing a novel machine in the South African transport system and signaling a move away from animal-powered haulage. Almost simultaneously, railway construction began in the Cape Colony. In 1858–1862, the Cape Town Railway and Dock Company built the line from Cape Town to Wellington, opening sections to Eerste River and then Stellenbosch by the early 1860s. These early lines employed steam locomotives and rudimentary rolling stock (passenger coaches and goods wagons) — the “iron horse” replacing oxen and horses over these corridors. In 1931, South African entrepreneur Max Sonnenberg opened his first store in Cape Town chosing the name "Woolworths" specifically because the American F.W. Woolworth brand was already a global symbol of retail success.
Quem foi Miró da Muribeca? Neste episódio do 451 MHz, a colunista Bruna Beber recebe o escritor e biógrafo Wellington de Melo em um passeio pela vida e pelos versos do poeta pernambucano, morto em 2022. Autor de Estou Quase Pronto: Uma Biografia de Miró da Muribeca (Cepe), Melo conta como João Flávio Cordeiro da Silva se tornou o poeta performático que saiu do bairro da Muribeca, em Recife, e rodou o Brasil recitando poemas sobre a vida urbana e a exclusão social. Apoio: Lei Rouanet – Incentivo a Projetos Culturais Assine a Quatro Cinco Um por R$ 10/mês: https://bit.ly/Assine451 Seja um Ouvinte Entusiasta e apoie o 451 MHz: https://bit.ly/Assine451
The Parole Board has declined parole for convicted murderer Clayton Weatherston. The 50-year-old will remain behind bars until at least November 2027. Weatherston was an academic at Otago University and had been in a relationship with honours student Sophie Elliott. In 2008 Elliot was packing up her life to move to Wellington to take up a job at Treasury when Weatherston arrived at her home and stabbed her more than 200 times in a brutal attack. Weatherston appeared before the Parole Board this morning for the first time after serving an 18-year non-parole period. Reporter Timothy Brown attended the hearing and spoke to Lisa Owen.
A much-loved and famous three-legged cat from Wellington's Aro Valley has died, and tributes have been rolling in from far and wide. Krystal Gibbens reports on the death of Lola the Cat.
It's time for Bookmarks, and today we're joined by celebrated playwright and director Hone Kouka A special 30th anniversary production of his play 'Waiora Te Ukaipo - The Homeland' returns to the stage this March with the Auckland Theatre Company Hone Kouka joins Jesse from our Wellington studio to share his picks of what to watch, read and listen to. His picks: Books One Hundred Years of Solitude Marquez. Potiki Patricia Grace. Any novel by Haruki Murakami. Voss Patrick White. Death of a Salesman Arthur Miller Music: Geese / Cameron Winter Crusades. Bailter Space X. Taua MA. I Want Your Love Chic. Freddie Freeloader Miles Davis. I Could Never Take The Place Of Your Man Prince Films: One Battle After Another. Anything by Akira Kurosawa. Finding Forrester. Ngati. Wings of Desire / Paris Texas Podcasts: Economics for Rebels. Thinking Basketball. Cric info Stump Mic
Gabelli portfolio manager John Belton on what he's watching in big tech earnings. Government shutdown is back in play; our Emily Wilkins breaks down where things stand in DC. Northwestern Mutual's Matt Stucky on today's market action. Wellington's Brij Khurana on the ripple effects of the weakening dollar. Plus, the retail impact of this weekend's weather storm with G2 Weather Intelligence's Paul Walsh. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
The Wealth Formula Podcast is one of the longest-running personal finance podcasts still standing. For more than a decade, I've shown up every single week to talk about investing, markets, and the forces shaping the economy. What's interesting is how much my own thinking has evolved over that time. Early on, I was more rigid. I was—and still am—a real estate guy. But back then, I didn't give much thought to ideas outside that lane. I was dogmatic, and I didn't always challenge my own beliefs. Time has a way of doing that for you. I've now lived through multiple market cycles. I've watched the stock market melt up to valuations that felt absurd—and then keep going. I've seen gold go from flat for a decade to parabolic over a year. I've seen interest rates sit near zero for a decade and then snap higher at the fastest pace in modern history. And I've learned, sometimes the hard way, that diversification is about survival and that every asset class has its day. One lesson I learned that I am thinking a lot about these days is: ignore major technological shifts at your own peril. Back in 2014, I first started hearing people talk seriously about Bitcoin. At the time, I dismissed it. I listened to the critics, was convinced it was a scam, and didn't take the time to truly understand it. That was a mistake—not because everyone should have bought Bitcoin, but because I ignored a structural change happening right in front of me. Bitcoin went from a cypherpunk expression of freedom to the largest ETF owned by BlackRock. Today, the dominant story is artificial intelligence. And whether you love stocks, hate stocks, prefer real estate, or focus exclusively on cash flow, you cannot afford to ignore AI. This isn't a fad. It's a general-purpose technology—on the scale of electricity, the internet, or the industrial revolution itself. That doesn't mean it's easy to invest in. It's hard to look at headline names trading at massive valuations and feel good about buying them today. But investing in AI isn't about chasing a single company. It's about understanding second- and third-order effects: energy demand, data centers, productivity gains, labor displacement, capital flows, and how blockchain and decentralized systems intersect with all of it. What experience has taught me is this: you don't need to be first to invest—but you do need to be early in understanding. If you wait until something feels obvious, most of the opportunity is already gone. This week's episode of the Wealth Formula Podcast is focused squarely on AI and blockchain—what's real, what's noise, and where the long-term implications may lie. Listen to this episode. You'll come away smarter. And years from now, you may look back and realize this was one of those moments where paying attention really mattered. Transcript Disclaimer: This transcript was generated by AI and may not be 100% accurate. If you notice any errors or corrections, please email us at phil@wealthformula.com. Welcome everybody. This is Buck Joffrey with the Wealth Formula Podcast. Coming to you from Montecito, California. Today we wanna start with a reminder. We are in a new year and we are already doing deals, uh, through the Wealth Formula Accredit Investor Club. You can go and sign up for that for free. Uh, wealth formula.com just hit investor club and you just get on there and, and you’ll get onboarded. And from there, all you gotta do is wait for deal flow and webinars coming to your inbox. And, um, you know, if nothing else, you learn something. So go check it out. Uh, go to. Wealth formula.com and sign up for Investor Club now onto today’s show. Uh, the, it is interesting. I don’t know if you are aware it’s a listener, but we are, wealth Formula is, uh, probably I would say one of the, certainly in the one of the top longest running personal finance podcasts still. Standing. Uh, I’ve been around, well, I think the first episode was on like 2014, so it was a long time, but in earnest, you know, at least for over a decade. And, you know, during that time, I’ve shown up every week, every single week. Don’t Ms. Weeks, but none, none. Isn’t that incredible? I’ve shown up, uh, talked about investing and talked about very way markets are working, forces, shaping the economy, all that kind of stuff. But you know, as you can imagine, as a. As a younger individual versus, um, my crusty self. Now, you know, a lot of my own thinking has evolved over that time, you know, back then. And I, you know, I think this appealed to some people, but, um, you know, I was really dogmatic. I’m a real estate guy, right? And I still am a real estate guy, but back then I wouldn’t give anything else the time of day to even think about, you know, and, and, uh, I, I, you know. I was dogmatic and didn’t always challenge my own belief systems. Um, I’m different now, right? I’ve softened And time is a way of, of changing all of that dogmatic stuff for you. You know, I’ve lived through multiple market cycles. I’ve watched, well, I’ve watched the stock market, which I, which I always maligned, you know, melt up to valuations. Uh, that felt absurd. And then keep going higher. I’ve seen gold, which was kind of ridiculous for the longest time. I watched it for like a decade, just pretty much flat, and then it goes parabolic. Over the last year, I’ve seen interest rates sit near zero for a decade and then snap higher. Uh, not even as time, just launch higher at the fastest space in modern history. And I’ve learned sometimes I guess, the hard way that diversification is about survival and that every class, every asset class has its day. Just like every dog has its day. And um, you know, one other lesson that I learned that I’m thinking a lot about these days is ignore major technological shifts at your own peril. So what am I talking about? Well. It’s kind of a, it is a technological shift, whether you think it about not, but Bitcoin. Okay. Back in 2014, I first started hearing people talk seriously about Bitcoin, and at that time I dismissed it. I was, uh, I was listening to critics beater Schiff that constantly called it a scam, said it was going to zero and so on. I didn’t, I didn’t take the time to truly understand it, to try to understand it the way I understand it now, that makes me a believer in Bitcoin. That, of course was a big mistake, not because, you know, everyone should have bought Bitcoin and, uh, back then, well, they, you know, would’ve been nice if they did, but because fundamentally I ignored something that was a structural change happening right in front of me. And since then, Bitcoin went from a cipher punk expression of freedom to the large CTF owned by BlackRock today. The dominant story is actually artificial intelligence. Now, whether you love stocks, hate stocks, prefer real estate focused exclusively on cab, whatever, you cannot afford to ignore ai. It’s not a fad. It’s a general purpose technology and a technology shift, and the scale of electricity. The internet bigger than the internet, bigger than the industrial revolution. Now, that doesn’t mean it’s easy to invest in. I mean, I’m gonna go invest in AI and make a bunch of money because I mean, what does that even mean? It’s hard to look at headline names, trading at massive valuations like Nvidia and all that right now, and saying, oh, I’m gonna go buy that. Who knows? That’s gonna work out. When I talk about investing in AI isn’t really just investing in stocks or any individual company or data centers or whatever. It’s about understanding. The second and third order effects, energy demand. You know, as I mentioned, data centers, productivity gains, labor displacement, capital flows, and how blockchain and decentralized systems intersect with all of that. It is very, very complicated. Um, but it’s really important to start to try to understand, you know, an experience that stop me is this. You don’t need to be the first to invest, but you do need to be early in understanding. If you wait until something feels obvious, usually the opportunity’s gone by then. And you know, the thing about AI is even if you think it’s obvious now. The reality is that most people haven’t really caught on. Maybe they played with chat GPT, but I don’t think they’re understanding what this whole, you know, this thing is gonna do to our world. Um, anyway, so that is what this week’s episode of Wealth Formula Podcast, uh, is about. It’s about AI and also, um, a little bit about, you know, bitcoin and blockchain and that kind of thing. Um, we’re gonna talk about what’s noise, uh, you know, where the long, what the long-term, uh, implications are all of this stuff. This is a show that, uh, I really enjoy doing really, really good stuff. Um, so make sure you listen in. We’ll have that interview for you right after these messages. Wealth Formula banking is an ingenious concept powered by whole life insurance, but instead of acting just as a safety net. The strategy supercharges your investments. First, you create a personal financial reservoir that grows at a compounding interest rate much higher than any bank savings account. As your money accumulates, you borrow from your own bank to invest in other cash flowing investments. Here’s the key. Even though you borrowed money at a simple interest rate, your insurance company keeps paying you compound interest. On that money, even though you’ve borrowed it, that result, you make money in two places at the same time. That’s why your investments get supercharged. This isn’t a new technique. It’s a refined strategy used by some of the wealthiest families in history, and it uses century old rock solid insurance companies as its backbone. Turbocharge your investments. Visit Wealth formula banking.com. Again, that’s wealth formula banking.com. Welcome back to the show, everyone. Today. My guest on Wealth Formula podcast is Jim Thorne, chief Market strategist at Wellington. L is private wealth with more than 25 years of experience in capital markets. He’s previously served as chief capital market strategist, senior portfolio manager, chief economist, and CIO. Uh, equities at major investment firms and has also taught economics and finance at the university level. Uh, Jim is known for translating complex economic, political, and market dynamics into clear actionable insights to help investors and advisors navigate long-term capital decisions. Uh, Jim, welcome with the program. Thanks for having me Buck. Well, um, Tim, I, I, I, uh, had been following a little bit of, uh, what you discuss on, uh, on X and, um, one of the things that caught my eye is, you know, your, your narrative on, on ai, a lot of people are tend to be still sort of skeptical of AI and what’s going on, uh, with the markets. Um, uh, but at the same time, uh, there’s this. Sense. I think that ignoring AI altogether as an investor is, is, is downright potentially dangerous. So, uh, at the highest level, why is AI something people simply can’t dismiss? Well, we live in an, uh, uh, you know, many other people have coined this term, but we live, we’re living in an exponential age of, of technological innovation. And, you know, AI and I’ll just add into their, uh, blockchain is just the normal evolutionary process that, you know, for me started when I left graduate school and came into the business in the nineties where everybody had this high degree of skepticism of the computer and the, the, the phone, the, the. And the internet. And so, you know, what we do is we go through these cycles and there are periods of time where the stars align. And we have a period of time where we have what I would call an intense period of innovation where I would suggest to you that. People are skeptical. Skeptical, and yet at the same point in time, they very early on in the, in the, in the trade, call it a bubble when it’s not. And so I think it comes from the position of ignorance. One, I think two, fear, and then three. If you think about if you are an active manager, I in a 40 ACT fund, um, you know, and you’re sitting there with, uh, you know, mi. Uh, Nvidia at, you know, eight or 9% of your index. And that’s a big chunk that you’ve gotta put into your fund, uh, just to be market neutral. So there’s a lot of people that hate this rally. There’s a lot of people that are can, going to continue to hate this rally. But the thing I anchor my hat on are a couple of things. Look at if this is no different than the railroad. Canals, any major technological innovation, will it become a bubble? Yes. Just not now. So, so let’s follow up on that, because a lot of people think, or are talking about the, do you know the.com bubble, uh, comparisons, and you’ve argued that that sort of misses the real story. So, so where are we getting it wrong right now? Are those people getting it wrong? In the nineties buck, you’d walk into a bar and there wouldn’t be ESPN on there’d be CNBC on people were getting their jobs to become day traders. Folks didn’t go to the go to university because they were basically getting their white papers financed. You had companies that were trading off of clicks. So I lived that. Anybody who is of a younger generation has no idea what a bubble is, and it’s specious and pedantic for them to use that term when they have no clue about what they’re talking about. But you did mention that it could become a bubble. How do we know when it does become a bubble? Oh, it’ll become a bubble. Well, when, when, when you know, the, what, what I am looking for is, you know, when we, when the good investment opportunities start to dry up, when liquidity starts to dry up. So what I, it’s not about valuation, to me it’s about liquidity. So in 2000, what, and I’m roughly speaking, what went down was you had all these companies that were trading at Strat catastrophic valuation, this stupid valuations, and you walked in one day and they didn’t get financing. And if you read the prospectus or you followed the company, you knew that they were not going to be free cash flow positive for another two or three rounds of financing. All of a sudden you walked in and everybody goes, oh my God, this thing, you know, trading at 250 times sales. And everybody went, yeah, of course. And so what it was is, was when does liquidity dry up? So I’ll give you a date, um, you know, with Trump’s big beautiful bill act. 100% tax deductibility of CapEx and that goes until Jan 1, 20 31. So to me, that’s a very motivating factor for people to, um, invest. The last thing I would say to you in more of a game theoretic context book is, look, if you are a big tech company and you don’t invest in ai. You are ensuring your death. Yahoo, Hela Packard. I can go through the list of companies that cease to invest, so they’re looking. If it was you and I when we were running this company, I would say, dude, we gotta invest because if we don’t have a poll position in this next platform, whatever it is, we’re done. We’re toast. And I think that’s why you’re seeing all these hyperscalers spending as much money as they are. ’cause they get this, they saw it. So, you know, you framed ai not necessarily as a a tech trade, but as a capital expenditure cycle. Can you explain that to people? Well, what we need to do is we need to build out the infrastructure of ai. Then, and that’s the phase that we’re in right now. So it’s more like we’re building out all of the railroads, the railway tracks and the railway stations across the United States back in the 18 hundreds. And then we’re gonna go through that building phase. And then as that building phase goes, some companies, some towns, are going to basically realize and recognize what’s happening and start to basically take ai. Bring it into their business model, into enhanced margins. Right. So right now we’re building it out. I mean, you know, we all focus on the hyperscalers, but the majority of companies, pardon me, governments. Individuals, they haven’t used AI and, and what is interesting about this is back in the nineties, they were talking about how the internet had to evolve to be much more. You know, uh, have critical thinking in, in, in it. And it was more explained when you went to these conferences, as you know, you know, think about this. You’re hearing this in 99, okay? Not today. You go in and you ask Google or dog pile at the same time, or excite, okay? You would say, I wanna go to Florida in the third week of March and I wanna stay here and I wanna spend this amount of money and I wanna rent a car. Plan it for me. And they would come back and they would tell you that it would come back and it would, it would, everything would be there. And you would have your over here and all you would have to do is drop your money and you had your thing planned. So none of this is as, it’s aspirational, but we’ve heard it before. And in technology, what happens is it’s not like it’s new. We’ve been talking to, I did machine learning in in graduate school. Ai, you know, I did neural networks and I’m a terrible Ian. This isn’t, you know, Claude Shannon wrote about this in 1937, right? But it’s about when does it hit, and so it was chat GBT. Can we argue, was that right? As an investor, it’s stop arguing, start investing. Then what you’ve gotta figure out, which is the question you ask, is when does the music stop? I think it goes until the end of the decade. You know, one of the things that, uh, is interesting about this, uh, AI investment, uh, it’s, it’s unfolding in a higher interest rate environment. Why is that detail so important? Understanding its significance? Well, it’s the cost of capital, right? And so this phase that we have right now. It’s funny you say that, right? ’cause our reference point is zero interest rates, right? Yeah, yeah. Right. That’s right. So, you know, you know, so, so think about this, what it happens right now. Now we’re in the phase where you’ve got these hyperscalers that instead of taking all their free cash flow and buying bonds and buying back stock, are increasing CapEx because there’s a great tax deduction on it. So you get a lot of, so we’re in this phase where, for where, where a lot of the money is, you know, was. Was, let me, let me be clear, was a hundred free cashflow. Now we’re getting these guys, these companies like Oracle and what have you, you know, starting to issue debt and look at debt isn’t bad as long as the rate of return on debt is higher than the interest rates. And so, you know, you know, I, I would say historically speaking, for a lot of these high quality names, the interest rates are not, uh, at levels that will stop them from investing. Right. Right. You know, you’ve written that, um, productivity is ultimately the real story behind ai. So why does productivity matter more than the technology headlines themselves? Well, let me just put it this way, right? So we’ve grown, I grew up, I, I joined, I’m up here in Toronto, right? So I’m gonna give it to you in Canadian dollars, right? So I joined, I joined here. You know, I grew up here, went to the states, came back home. Growing this company I joined when we’re about three and a half billion. We’re getting close to 50 billion, and we’re the fastest growing independent platform in the country. I’m a one man band, right? I use three ai. In the old days, I’d have four research assistants. Where’s the margin in that? And so I, that’s how I see it. And let me be clear, it’s, you know, this isn’t we’re, it’s not perfect. But if I wanted to say, instead of you, but hey, write me a 2000 word essay on the counterfactual of what happened with railroads up until 1894 when the, when the bubble popped, give me a f, you know, a a thousand word essay and, and just a general overview. I can get that in less than five minutes. Michael Sailor is writing product on ai, which, which, which you would take, which you would take. He’s in his presentation, say it would take a hundred lawyers. So it’s gonna be more about those. And it’s, it’s no different than Internet of things or, you know, it was, uh, Kasparov that talked about this. Gary Kasparov talking about the melding of, of technology in humans. He would ran, run this chess tournament called freestyle. You could use a computer, you could use, you know, grand Masters. You could use whatever you wanted to compete. And who won? Well, who won it Was that those teams that were generalists that had a little bit of that, the knowledge of the computer and the knowledge of the test. Uh, o of chess, right? That’s what’s gonna happen. So this isn’t we’re, as far as I’m concerned, we’re not, yes, there’s going to be some d some jobs that are going to be replaced, but that is always the case in technology. I’m not a Luddite, okay? I am not Luddite. But the same point in time. I, I would suggest to you that it, it is just a really, for me, it’s a, helps me. Do research no different than when I was an undergrad and they went from cue cards in the, the library at the university to actually having a dummy terminal and I could ask questions in queue. You know, it stalked me from having to go to the basement of the library and going to microfiche. Right. Have helping that way. Now can it, can, will it do other things? I’m sure it is, and I’ll lead that to Elon Musk and the crew. You know, that’s above my pay grade. But for me, I see it as a very helpful way of, you know, allowing me to process and delineate. Much more information a a and not have me waste so much time trying to figure out what got went on in the past or, you know, QMF. Right. You know, summarize me the talk five, you know, academic papers in this area, what are they saying? And then they gimme the papers. Right. It just speeds the process up. Yeah. You know, um, one of the things that I’ve been sort of talking about and thinking about. Is that it’s hard to not see AI as a very, very strong deflationary force. Um, how do you think about that? Yeah. Technology is deflationary, right? Doubt about it. And so I look at it this way, Ray. Um, so I work at the financial services industry, okay. You know, Mr. Diamond of JP Morgan is talking about how they are starting to embrace blockchain and ai. They are going to cut out the back end of that in the, the margins in that, in that company by the end of the cycle are going to be fantastic. People just do not get in. You know, the financial services industry is built on a platform. Of the 1960s, dude. I mean, they’re still running Fortran, cobalt. So you know what I, how I look at this is much more as a margin type story, and there’s going to be a lot of displacement. But at the same point in time, I look at Tesla and automation and ai. And you know, people look at Tesla as a car company. I look at Tesla as an advanced manufacturing company. Elon Musk could basically go into any industry and disrupt it if it wanted to. Right. So that’s how I look at it. And so, you know, the hard part is going to be, you know. Nothing. If we get back to where we were, it’s not going to be perfect, right? Because here’s, here’s where the counter is, here’s where the counter is. Right? If you, if, if you think about, and we’re, I’m gonna take Trump outta the equation and ent outta the equation right now, but if we just went back to the way things were before COVID, we would have strong deflationary forces. Okay. Just with demographics, just with excessive levels of debt. Just with, you know, pushing on a string in terms of, in terms we couldn’t get the growth up, you know, and, you know, and the overregulation of financial institutions. Trump and descent are basically applying what’s called supply side economics, and they’re deregulating. It’s says law, which is John Batiste, that says basically supply creates his own demand and it’s non-inflationary. But really what they’re going to try to do is they’re going to try to run the economy hot and they’re gonna try to pull this way out of the debt. And if you do that and you deregulate the banks. And allow the banks to get back to where they were before the financial crisis. Okay. You know, and, and the Fed takes its interest rates down to neutral, expands the balance sheet. Then I don’t think we’re gonna go back to the zero bound in deflation. I think this thing’s gonna run hot for a long time. And I think it, the real question is, is, is is 2 75 in the United States the neutral rate? I think it is. Uh, but as, as, as Scott be says, and, and, and, and, and let’s be clear, buck, the guy’s a superstar. Okay. Guy is a legend. Just you sit there, just shut up and listen to him. Okay. They keep up, right? Well, so they’re gonna run it hot, but where we are is, in his words, mine, not mine. We’re still in this detox period, you know what I mean? We still got the Biden era. We still got, you know, a over a decade of excessive ca of Central Bank intermediation. That needs to get, you know, go away. So what I say, and what I’ve been writing about is 26 is going to be the year that the baton is passed back to the private sector. Let’s get rates down to 2 75. That’s, I mean, I’m going off the New York Fed model. That says real fed funds, the real, the real neutral rate is 75 to 78 basis points. I think inflation’s at two. That that gets you 2 75. Get the rates there and then get the balance sheet of the Fed to the level so that overnight lending isn’t loose or tight. It’s just normal. And then step back, go away and let Wall Street and the private sector create credit. Create economic growth and let’s get back to the business cycle. And if we do that, we’re gonna have non-inflationary growth. It’s gonna be strong, but we’re not going back to the zero bound and we’re gonna grow our way out of this. And so that’s where I get really excited about. This is a very unique time in history. A very, very, very unique time in history where, and I don’t know how long it’s going to last because of the compression that we have now because of the, you know, we live in such a digital world, but let’s say it’s five years demographic says it’s to 33, 32 to 33. That’s, you know, that’s how long this run is. And, and to me, uh, AI is a massive play. I, I, to me, blockchain is a massive play and to me it’s to those countries and companies that get it is, whereas investors, we wanna think, start thinking about investing. Yeah. You mentioned, um, non non-inflationary growth. Can you drill down on that a little bit just so people understand a little bit where. Usually you think of an economy running super hot, you, you think automatically there’s an, you know, an inflationary growth. So I want you to think in your mind into your list as think in your mind. Go back to economics 1 0 1 with the demand curve. In the supply curve, okay? And there are an equilibrium. And at that equilibrium we have a price at an equilibrium, and we have an output as an equilibrium. Okay? Now what I want you to do is I want you to keep the demand curves stagnant or, or, or anchored. Then I want you to shift the supply curve out. Prices go down, output goes out. We can talk all this esoteric stuff, you know, you know Ronald Reagan and, and Robert Mandel and supply side economics. But it’s really your shift in the supply curve out, and that’s what, and that’s what BeIN’s doing. I mean, this is a w would just sit down and be quiet. He’s talking about, you know, what is deregulation? He’s pushing the supply provider. Oh, hold on. My phone. My, my thing. And what did, since the two thousands, what did, what was the policy? It was kingian, it was all focused on the demand curve. Everything was focused on demand. And so all we’re doing is we’re, we’re getting the keynesians out. I use 2000 ’cause that’s when Ben Bernanke really came in and was very influential. Let me just say he’s a very smart, I learned so much from reading. Smart, smart, smart, smart guy. But his whole thing was Kasan. He came from MIT, his thesis supervisor was Stanley Fisher, right? We’re going back to, you know, Mario Dragons thesis supervisors, Stanley Fisher, all these guys came from MIT, Larry, M-I-T-M-I-T, Yale, and Princeton. Whereas previously it was the University of Chicago. It was Milton Friedman. It was, it was supply side economics. We’re going back, they’re going back to supply side economics and right now we need it. We need balance. But my god, what did we end off with? We ended off with four years of mono modern monetary theory. Deficits matter. That’s insanity. You had mentioned a little bit, uh, you, you’ve talked about blockchain a few times here. Talk about the significance. I mean, it’s sort of, you know, blockchain was a thing that everybody was, everybody was talking about it, you know, three, four years ago, but now it’s all about ai. But you know, now you’ve got, um, but in, but in the background, blockchain has grown, uh, adoption has grown. Uh, tell us what’s going on there, and if you could tie it into the significance of, of where we’re at today. Yeah. Um, uh, Jeff Bezos gave a wonderful speech, I think in two thou, early two thousands, where he basically talked about the fact that, you know, once this innovation is led out of the genie’s, led out of the bottle, whether or not, you know, buck and Jim, like it as an investment, the innovation continues. And so after the internet bubble pop, right? Really smart guys like Jeff Bezos, uh, Zuckerberg, you, you, the whole cast of characters, right? Basically built it out. Okay. And it wasn’t perfect and everybody knew it wasn’t perfect. I mean, that was the whole thing that was so bizarre. But they knew it wasn’t perfect and they knew that they needed to solve some problems. Right. And you know, it was a double spend problem. I mean, the internet that we were dealing with right now was developed in the 1950s and so on and so forth. And so, you know, that always stuck with me. Right. A couple of things stuck with me because I’ve lived through a couple of these cycles. The first one is Buck. When the, when Wall Street coalesces around something just shut up and buy it, right? I mean, I, I spent too much of my life arguing about whether dog pile and Ask Gees was better than Google. Wall Street said Google was the best. Shut up. Invest, right? And so, so look, blockchain solved the double spend problem. Blockchain solved all the problems that the original iteration of the internet could solve, and everybody knew it was coming along okay. So it’s a decentral, it’s decentralized, right? Uh, does, does not need to be reconciled. So no. Not only do you have another iteration of the internet. You have basically introduced into society the biggest innovation in accounting or recordkeeping since double entry. Bookkeeping accounting was introduced in Florence, Italy centuries ago by the Medicis and, and buck. All this is out there like, so this is a profound, right? So think about you’re in an accounting department and you don’t have to reconcile, right? So look. The first use cakes was Bitcoin. And what was the, what was the beautiful thing about it? Well, first off, it grew up by itself. And secondly, it’s got perfect scarcity, right? And so let’s just full stop. And I mean, yes, gold and silver had the run that they should have had decades. So I had been waiting and listening to people, gold bugs, talking about this type of run since the nineties. Okay. Um, but look, you know, and the problem with fi money, right? I mean, this is, this goes back decades. It’s an old argument. The way you solve it is, is Bitcoin. That’s the solution. I mean, forget about it. I mean, if they’re gonna whip it around and do all this stuff, fine. But the other thing that people miss and Sailor hasn’t, and Sailor is brilliant, is look. Bitcoin is pristine collateral in 2008, in September. What caused the, the system to stop was the counter. We could not identify counterparty risk for near cash. It was a settlement problem. Anybody you talk to Buck that says it was, you know, the subprime this and it, yeah, that was crap. I get that. But when the system shut down is you had a $750 million near cash instrument with X, Y, Z, wall Street firm, and you did this for three extra beeps and it was no longer cash. Guess. And guess what? Your institutional money market fund broke the buck. That’s when the system blew sky high. When the money market broke the buck and it was a settlement problem, blockchain and Bitcoin solved that. Sailor knows that, look where Wall Street’s gonna go. They understand now that. Bitcoin is pristine, collateral and capital that is 100% transparent. Let’s lend against it, and that’s what Sadler’s doing. That’s why Wall Street hates the guy so much, right? Think about that. Think of where is he going after he’s going after all the stranded capital on Wall Street. And, and the whole point is he’s sitting there going, I’m too busy for this. And you’ve got all these other people that are gonna live off of other people’s ignorance. Meanwhile, Jing Diamond knows exactly what he’s talking about. We can identify, if I hear one more person on me in, in the meeting say, I don’t know. You know, you know, uh, micro strategies balance sheet is so complicated. Really. Compared to JP Morgans, I mean, you know what his capital is. It says Bitcoin, like, what are you guys talking about? But hey, fucking in this business, people make generational wealth on ignorance of people who think they know what they don’t know. So, you know, just going back to Jamie Diamond, you know, he spent, I don’t know how long. Throwing every insult, uh, he could towards Bitcoin. And now they’ve really kind of, they haven’t backtracked. I think he’s, he’s, you know, his, his, um, I think the way he phrases is the blockchain’s a real thing. He never seems to really say the word Bitcoin, uh, in this regard. Um, banks in general, where do you think they’re headed with this stuff? I mean, I, you know, right now, again, you can kind of see even. Um, I think, you know, some of the big advisory firms suddenly recommending one to, you know, one to 4% of people’s portfolios in Bitcoin. I mean, this is all, I mean, gosh, I, I’ve, you know, been talking about Bitcoin since 2017. This is in unbelievable transformation in less than a decade. Where do you see this going in the next five to 10 years? It’s called the, it’s called, what is it? It’s called, I’m gonna call it the Evolution of Jim. Me, you know, in my business and, and, and, and you know, the thing I have book is I’ve survived and I’ve gone through a lot of cycles. I’ve done a lot, you know, and you ask yourself, you scratch your head a lot and you’re, and you, but you’re continually doing objective research and you’re this, if you, this is why I love this game so much. Right? So let’s just go stop for a second. Let’s get some context. Right. My first summer job, one of my first summer jobs, I worked in the basement of a bank in the in, in downtown Toronto, right up the street from the Toronto Stock Exchange. And my job was to let guys in with beak, briefcases into the cage, into the big vault, to basically bring in certificates. Okay. And, and what? Stock certificates. And so remember, you know, and I remember my grandfather when we, when he died, look at, we couldn’t sell the house because he didn’t believe in the banks. And we were finding certificates all over the house in the walls. Okay? Right. So in the 1960s it was bare based. The whole industry was bare based. And there was the volume in Wall Street started to pick up to the point where they couldn’t handle the volume. There was a paper crisis where almost a third of the companies went down bankrupt because of the cage. The cage. Okay. So basically what happened was, to make a long story short, they came out with, they came, Hey, why don’t we get two computers At one point in time, they said, okay, crisis. Let’s solve it. Well, why don’t we get these two computers and we can solve, or we can sell trades among, amongst each other. Okay. And then we don’t need to have guys riding around Wall Street with bicycles and big briefcases. Okay. And then what we did was, what we did was we sat there and said, well, why don’t we have a centralized clearing, and we’re gonna call it DTC or CDS, depending on what country you’re in. And what we’re gonna do is we’re gonna offer paper, we’re gonna, we’re gonna issue paper rights to the underlying stock that was developed in the early 1970s. That’s the system that we’re on right now. There are a lot of faults with that. Let me give you, when you’ve talked about the GameStop a MC situation, when you have a company that’s basically have more shares outstanding short, sorry, more shares short than outstanding, that shows you that the old system doesn’t work. It’s called ation. The paper writes to the underlying assets, it, it doesn’t match up. There have been guys that make a career outta this and write books about this, right? Dole Pineapple. They had a corporate, a corporate event, right? Hostile takeover. 64,000 for 64 million shares, voted, I think, and there was only 3,200 on. We all know this, so this has to be solved. The way you solve it is you tokenize assets, and this was talked about a decade ago, and they know about it and true tofor, they, and if you’re thinking about it, it’s totally logical, right? But if we allow this innovation to go full stream ahead, we’re wiped out, right? So what did they do? They delayed. They delayed. And as you know, you could talk about, it’s called Operation choke 0.2 0.0. Right. You know, the Fed overreached their bounds, they de banked people. I mean, this is why, why Best it’s going after them. They, yet they stepped over their constitutional mandate. Right. The federal, the Fed Act is not, uh, does not supersede the US Constitution. Elizabeth warned the whole thing. They did it. Okay, so let’s not complain about it. So now Atkins is gonna, we’re gonna have the Clarity Act come out and they’re gonna basically deregulate New York Stock Exchange already there. They’re gonna put everything on the blockchain and when you put everything on the blockchain, trade a settlement. There’s no hypo. Immediate settlement. Immediate, which is a benefit if you can get your act together because it, you know, for Wall Street firms you need less capital, right? So it’s a natural evolutionary process. And then you sit there and go back in history, if you and I were writing it, we’d sit there and go, well, should we be surprised that the incumbents right, the status quo pushed back on innovation? No, there was a guy, there was a prophet, um. At, at Harvard, his name was Clay Christensen, and he wrote this wonderful book called The Innovator’s Dilemma. You know, why does, why don’t companies evolve, or why do they go bankrupt? It’s because they cease to evolve and the status quo doesn’t allow the evolution of the companies to take place. Right? Well, that’s what happened in RA. We’re gonna complain about it. No, it, it is what it is. It’s water under the bridge. And so what I think is happening is, you know, Mr. Diamond is basically saying. He’s pragmatic, he’s a realist. And now he’s saying, we gotta evolve. And hey, by the way, now I’ve gotten to the point where I think I can make a tunnel. Think about that. Yeah. Think about his own stable coins, right? So his own stable coins. And, uh, well think about this. If you trade like internal meetings, right? And I’m hyped this hypothetical, right? I go, fuck, don’t screw this up this time. And you’re gonna go, Jim, what are you talking about? I go. We want a nice bread between bid and ask in these financial price. We don’t wanna go down to pennies. Okay? Can we go back to the old days when we were, you know, trading in quarters and sixteenths and so we can make some skin in the game? I think you’ve got the deregulation of the banking industry where the banks are gonna, they’re fit. It’s gonna be baby steps. But what’s gonna happen is they’re gonna basically say, stop taking all that capital that’s sitting at the Fed, making four or fed funds rate overnights wherever it’s four half, 3 75 right now. And you can now trade it. Go back to prop trading, which is what they did. And they’re gonna start off, they will start off with, its only treasuries. Eventually they’ll be able to expand throughout our lifetime. So the old way you gotta look at it is, you know. We’re bringing the ba, you know, we’re putting the band back together, man. Right. And the banks are gonna deregulate, they’re gonna deregulate the banks, they’re going to innovate, they’re gonna be able to use the capital, their earnings profile going out into the end of the decade. It’s, it’s gonna be monstrous, it’s gonna be, you know, it, it’s, it’s, and, and that’s how I get, you know, when people say, where do you think the s and p goes? You know, I say, you know, 14,000, you know, double from here by the end of the decade. And he goes, well, what about ai? I go, well, they’re gonna, that’s important, but it’s the banks. I think the banks are gonna have a renaissance. Yeah. Yeah. Um, one thing just to get your thoughts on, so when you look at the banks, you talked about sort of the inevitability of tokenization. Um, the stock exchange, uh, we talked about stable coins. I mean, another great way for banks to make money. Uh, essentially where does that, how, how does that help or hurt Bitcoin adoption? Because Bitcoin is a sort of a separate, separate, you’re not, you’re not building on Bitcoin as much as you are, say, Ethereum, Mar Solana or, you know, some of the, some of the blockchain things. So, so is it just that. Is it just a, an adoption issue? Because you live in a, in a different world. You live in a world of blockchain and Bitcoin is, its currency. It’s weird, right? Because I, I’m writing this feed like, so Buck, where are you right now? Where, where, where are you located? I’m in Santa Barbara. You’re in California. So, yeah, so I’m in Toronto, right? Uh, you know, I lived in, worked in the States for, you know, a decade, a couple of decades, and I’m back home and it’s like, man, they don’t get it. Right, and, and, and, and what am I talking about? Well, well, this, this is the, the thing that you’ve gotta understand is this, right. Ethereum was invented by Vladi Butrin in this town, Joe Alozo, who’s the head of one of the largest Ethereum groups. Father is a dentist at Bathurst and Spadina. We’re up here and people are saying, oh, you know, president Trump don’t talk about being a 51st state. We act like a colony, duke. We are a, you know, we forget about calling us one. We are. So, look, it, look, there is no doubt in my mind that Ethereum is going to have a place and, and we’re going to use it. Seems like we’re going to use Ethereum and that’s the smart contract, you know? Um. And that’s fine. Um, you know, but going back in time. But, but remember, there’s not per, there’s not perfect scarcity there. So I like Ethereum, don’t get me wrong, but I look at Bitcoin and I look at the, I look at the scarcity, and I also look at the fact of, you know, what sa, what Sailor, if you sailor did a presentation in the middle of next year and all hell broke loose. What he did, and it’s, you know, and of course I’m hypothesizing. He basically went to New York and said, I am going to create fixed income products and I am going to give yields. On those products, and I’m coming after the stranded capital that sits on Wall Street that you guys have been ripping on for years. In the middle of last year, staler went public and declared war. Okay. Are we surprised that Jim Shane Oaks came out and everybody came out basically guns a blazing. Are we surprised? But what he, what Sailor did and put and slammed on the table is it’s pristine capital, it’s transparent capital. And what are you willing to pay for that? And now you GARP banks trading at. We have no idea what their capital structure really is. Honestly, we have an idea, but it’s very opaque, right? You know, the high quality names are trading at two, two to, you know, two times tangible book. You’ve got fintech’s companies trading at four to five times, right book, and you know, what’s Sailor doing right now? Diluting his stock so he can buy as much Bitcoin as he wants because he sees the next game. He says the hell with what you guys think the next game is going to be. Wall Street’s going to realize that Bitcoin is pristine capital and there’s only 21 million of it. What do you and, and what just happened today? What did Morgan Stanley just file a treasury company. So everything you and I are talking about, they know they’re smart guys, right? They’re real, they’re not. That’s, this is the whole point. They’re really, really, really smart. Okay. They see they’ve gone through the history. They know. Okay, so you’re sitting there, you get around the room, you say, so wait a minute. Wait. Whoa, sailor’s over here. And he’s basically saying he’s gonna give you a a pref that’s basically backed by Bitcoin charging 10%. And he’s going after our corporate clients. I mean, and what’s the pitch Buck? You’ve got a hundred million dollars. Okay, you got a hundred million dollars in the kitty. Okay, buck. What happens is you need $10 million a year for working capital, which is in cash, which means you’ve got $90 million sitting there idle. Hey, buck, I can give you 10% on that. You go to Jamie, he’s giving you two. What are you gonna do? Yeah. I think one of the issues right now is I the, the perceived risk profile of that. Right. Uh, you know. I tend to agree with you about the, uh, pristine nature of Bitcoin s collateral, but just in general, the perception. I don’t know that, that that’s. That’s the case. Well, you gotta go back to the fact that, do you think Bitcoin’s going to zero or not? No, of course not. Yeah. ‘ cause the Bitcoin doesn’t go to zero. There’s no, then, then that are, there’s Bitcoin could go to zero. There’s no, I mean, I don’t think, I mean, non-zero probability, of course, right? I don’t think it is. And if that has been, if it has been selected and now you have Wall Street coalescing it, I haven’t even mentioned the president of the United States or his family. Right. Uh, or the Commerce Secretary and his family, right? Or if you go to New York, wall Street, right, they’re all talking about it, right? So, I, I, you know, to me, I, I, the question about micro strategy, to me it’s not. That it’s a treasury company and it’s got a pile of Bitcoin. What does he do with it? Does he become a bank? Like why does it, this is me. I’m pitching him. Right. Hey, Mike, why don’t you just become a FinTech, say you’re like a FinTech company and you’ll get, and you, you’re gonna instantaneously trade it five to six times book. Why don’t you, why are you, you’re talking like you’re attacking them, but you’re still, you’re still a software company with a, with a big whack of Bitcoin that you are writing pres. Right? So, and, and so that’s, that’s how I look at it. I think the wave is too big. We are going to digitize. And the other thing that we didn’t really touch on with respect to AI and blockchain, and I’m gonna paraphrase the president. Right. Um, Mr. Trump is, look, um, it’s a matter of national security, duke, and when I hear that, I go back to the nineties in the eighties when I was in late eighties when I was an undergrad. Right. And it wasn’t China, it was Japan. And, and you know, what happened was, you know, it, it’s funny, Al Gore did deregulate so that. The internet could become for-profit. We all stood around and said, you know what the hell could, how do we make money on this? That’s, you know, what do we do? And then what did we do? We, we, we threw a ton of money at it and the United States controlled it. And what did we get out of it? We got out, we got, you know, all those companies. Right. The last thing I would say to you, and this is much more of a personal story, is I, when I was younger, I was in New York and it was 2000 and I was at the Grand Hyatt, and it was a tech, it was a tech conference and, uh, Larry Ellison Oracle was there and he gave a, he gave a, he gave a a, a fireside chat. Then, um, we go to a breakout room and, you know, in a break, I don’t know about if you’ve been to one, but you go to a breakout room, it’s a smaller room at the hotel, and you know, sometimes you got 25 people, sometimes you got 50 people, right. And, you know, I went to the, I went to the breakout with Mr. Allison ’cause of Oracle and I went in there and it was absolutely jammed and I was sweating and he just looked at us and he just ripped us. He AP Soly, just, I still have the scars today. I’m talking to you about it. Okay. He called it a bubble. He called it a bubble. He, he was early in calling it a bubble. I never forgot that. And then you sit there and see what he’s doing right now. Where he’s levering up the balance sheet. Now, to me, having survived in this game for such a long period of time, and I call it a game, it’s a game of strategy, whatever, you know, how does that not, you know, I would say to you, we were, your office was next to mine. Fuck. I remember New York, he’s loading the goose loaded in. He go in, he’s borrowing money from his grandmother. He’s, you know, what is going on. And he’s really stinking smart. You know, he’s, he, Larry Allenson just doesn’t do, and people, oh, he’s in, you know, he’s, no, he’s not, he’s, he’s like the mentor of all of these guys. You know what I mean? So there’s a, to me, there’s a discontinuity that these need to believe that we’re still early on because you know, what, if Larry’s, what do we take when Larry or Mr. Ellison is leveraging up to me, it’s profound because I’m anchoring off of my bias to the New York, the New York high at, at the Tech Co. I think it was, I think it was at Bear Stearn. I couldn’t remember Bear Stearns or Lehman. But you know, one of those I carry that experience on with the rest of my life. I do. It’s like, what is Larry thinking? Right? So he’s leveraging up buck. That’s all I know. He’s a priest or guy. Well, that’s probably a good place for us to stop, Jim, uh, chief, uh, market strategist at Wellington Elta Private Wealth. Thank you so much for joining me. Thanks so much and be safe. You make a lot of money but are still worried about retirement. Maybe you didn’t start earning until your thirties. Now you’re trying to catch up. Meanwhile, you’ve got a mortgage, a private school to pay for, and you feel like you’re getting further and further behind. Now, good news, if you need to catch up on retirement, check out a program put out by some of the oldest and most prestigious life insurance companies in the world. It’s called Wealth Accelerator, and it can help you amplify your returns quickly, protect your money from creditors, and provide financial protection to your family if something happens. The concepts here are used by some of the wealthiest families in the world, and there’s no reason why they can’t be used by you. Check it out for yourself by going to wealth formula banking.com. Welcome back to the show everyone. Hope you enjoyed it. Uh, and, uh, as I said before, do not ignore ai. This is something that you need to start using. Have your kids start using it. Uh, make sure that they, you know. They use it every day because this whole world is turning AI and it’s gonna happen. You know, it’s gonna happen in, in a blink of an, uh, blink of an eye. And the world is gonna change and there are gonna be real winners out there. And the winners are gonna be people who knew where there was, was going and kind of used it in their mind’s eye as they looked on navigating how. You know how to allocate their money. Anyway, that is it for me. This week on Wealth Formula Podcast. This is Buck JJoffrey signing off. If you wanna learn more, you can now get free access to our in-depth personal finance course featuring industry leaders like Tom Wheel Wright and Ken McElroy. Visit wealth formula roadmap.com.
And thus, the Carter-less weeks begin. With Iain on his travels, Andrew and Eddie are left to stumble forward like Bill Oddie and Tim Brooke-Taylor without Graeme Garden, but fortunately there is plenty to talk about - Eddie is now preparing to start his 2026 golfing year at the Dubai Desert Classic and has a new caddie into the bargain. There are changes on LIV with exciting new names and players, Marco Penge has new clubs, Scottie Scheffler is coming out of hibernation and Andrew has misplaced a Wellington.www.petermillar.co.ukFor the new Ping G440 K driver, visit ping.comEmail: tcf@thechippingforecast.co.ukInstagram: @chippingforecast Hosted on Acast. See acast.com/privacy for more information.
Send us a textWe're two weeks into the new year and you can already toss all the consensus forecasts out the window. We sat down with Mike Medeiros to talk about the big risks to all the predictions: from equities to interest rates, the yield curve, currencies, credit markets, and more, so we can understand where the next big moves will come from.Mike gives us a thoughtful framework within which to understand why he's still constructive on equities for the first half of the year, pointing to a mix of fiscal support, accommodative funding conditions, tailwinds from deregulation, and increased certainty around trade policy. From there though, we explore the big risks to the bond market that remain despite the fact that the yield curve may still structurally be too flat. What does an increasingly politicized Federal Reserve mean for the front end? It might be the opposite of what you'd suspect from the headlines. And why is term premium at the crux of every conversation?We also tackle the "affordability" conversation head on, including the headline proposal to cap credit card interest rates in the near term, as well as the housing policy proposals that may unintentionally raise prices in the near term.If you're trying to make sense of the markets in a year that is clearly refusing to follow the script, you've come to the right place. Shop our Self Paced Courses: Investment Banking & Private Equity Fundamentals HEREFixed Income Sales & Trading HERE Wealthfront.com/wss. This is a paid endorsement for Wealthfront. May not reflect others' experiences. Similar outcomes not guaranteed. Wealthfront Brokerage is not a bank. Rate subject to change. Promo terms apply. If eligible for the boosted rate of 4.15% offered in connection with this promo, the boosted rate is also subject to change if base rate decreases during the 3 month promo period.The Cash Account, which is not a deposit account, is offered by Wealthfront Brokerage LLC ("Wealthfront Brokerage"), Member FINRA/SIPC. Wealthfront Brokerage is not a bank. The Annual Percentage Yield ("APY") on cash deposits as of 11/7/25, is representative, requires no minimum, and may change at any time. The APY reflects the weighted average of deposit balances at participating Program Banks, which are not allocated equally. Wealthfront Brokerage sweeps cash balances to Program Banks, where they earn the variable APY. Sources HERE.
On Episode Twenty-Seven; If anyone knows Thomas from Wellington... maybe don't send this to him...See omnystudio.com/listener for privacy information.
It's been a year since the Wellington City Mission opened its crisis recovery cafe, providing round the clock support for anyone experiencing emotional distress. Wellington City Missioner Murray Edridge spoke to Lauren Crimp.
This week Wellington is hosting an international tournament for a sport you've probably never heard of. Floorball is particularly popular in Scandanavian countries, but it's beginning to pick up in popularity here too. Krystal Gibbens reports
Send us a textTonya Johnston, Mental Skills Coach speaks with professional show jumping rider and trainer Keri Potter and amateur rider Weatherly Stroh. Brought to you by Taylor, Harris Insurance Services.Host: Tonya Johnston, Visit her Website, Facebook and buy her book Inside Your Ride Guest: Keri Potter has been riding horses competitively her entire life and as a junior she won the AHSA medal finals. She is based in Del Mar, California where she rides and trains out of Tres Palomas. Keri has ridden and competed successfully all over North America and Europe, and currently trains many Juniors and Amateurs, investment horses, as well as grand prix and young horses for outside clients. She has represented both the USA and Brazil in Nation Cups throughout Europe and in Florida, and currently rides for the USA. Keri has won numerous grand prix classes and was the 2025 PCHA rider of the year. One of the things Keri most enjoys is producing young horses. Over the last 15 years, she has taken horses from a very young age and produced them into top grand prix horses which were then sold to top riders. Keri finds it very rewarding to teach, train and mold a talented horse to reach their full potential.Guest: Weatherly Stroh is an oil painter known for expressive animal portraits and atmospheric landscapes inspired by travel, nature, and the deep connections we share with animals. A lifelong horsewoman and competitive amateur owner hunter rider, she grew up on a farm in Michigan where horses shaped both her life and her art. Now based in Wellington, Florida, she draws daily inspiration from the equestrian world while also co-leading creativity retreats around the globe. Through her work, Weatherly aims to create an emotional connection—inviting viewers to slow down and appreciate the beauty in small, meaningful moments.Subscribe To: The Plaid Horse MagazineTitle Sponsor: Taylor, Harris Insurance ServicesSponsors: Purina, Great American Insurance Group and Windstar Cruises Join us at an upcoming Plaidcast in Person live event!
Check out our lovely new website where you can find more detailed notes, images and links to the wider reading. In this episode… Welcome back to the Deep-Sea Podcast, your punk take on all things deep sea! Thom and Alan discuss Christmas from opposite ends of the planet, where Alan gets ‘proper' Christmas in Scotland with snow and everything. At the opposite end, Thom insists on using his new BBQ, despite a rainstorm turning the air to liquid. The exhibit that Thom was curating, Breathe | Mauri Ora at Te Papa, is an examination of the intersection of science and art by Marshmallow Lazer Feast. It is open now if you find yourself in Wellington, New Zealand. This month, we are talking giant testate protists, the coolest things you have probably never heard of. Giant cells on the deep seabed that can reach 20 cm or more. They build elaborate shells, and despite having known about them for hundreds of years, there are still loads we don't understand about them. In the news, get ready for updates on: Squids hiding under the sea floor, pretending to be plants A rare seven-armed octopus sighting Deep-sea art that highlights the effects of coral dredging Missing zombie worms and expanding oxygen minimum zones New Whale Tags helping with deep-sea data recovery A massive white skate nursery and Canada's first hydrothermal site Discord update The Deep-Sea Pets Channel continues to give back with excellent photos of our fav friends Our Holiday party was a total success, with many episodes of Octonauts watched and ‘enjoyed' by all We assessed some of the ‘animal saving' videos, as discussed by Tyler on the Mythbusting AI episode. Excellent Dragon-based book recommendations. We all wished we could visit Thom's New show opening at Te Papa. Thom shared a beautiful video about Antarctica from his Falkor Too trip last year. Planning a Time Machine to scuba dive ancient seas, study the squid therein, and then hop on a boat trip with Darwin. TBOS and KBOS brushes of science versus various squid photos. Compared holiday baking recipes Photos and observations shared from SOA divestream viewing And, as always, vicarious travel to aquariums around the world! Support the show The podcast is self-sustaining (just) thanks to our lovely listeners. Thom and Alan take no money for the show. All money is put back into running it. Here's a link to our page on how to support us, from the free options to becoming a patron of the show. We want to say a huge thank you to those patrons who have already pledged to support us. Check out our podcast merch here! Feel free to get in touch with us with questions or your own tales from the high seas on: podcast@deepseapod.com We'd love to actually play your voice, so feel free to record a short audio note on our brand new answerphone! https://www.speakpipe.com/deepseapodvoicemail Thanks again for tuning in; we'll deep-see you next time! Find out more Social media BlueSky: @deepseapod.com https://bsky.app/profile/deepseapod.com Twitter: @DeepSeaPod https://twitter.com/DeepSeaPod Instagram: @deepsea_podcast https://www.instagram.com/deepsea_podcast/ Keep up with the team on social media Twitter: Alan - @Hadalbloke Thom - @ThomLinley Instagram: Thom - @thom.linley Inkfish - @inkfishexpeditions BlueSky: Thom @thomaslinley.com Alan @hadalbloke Reference list News Deep Sea Valentines | Support Skype a Scientist with the Squid Facts shop! Deep-Sea News Unknown species of squid spotted burying itself upside down, pretending to be a plant Rarely-Seen Seven-Arm 'Blob' Octopus Filmed by Underwater Camera | PetaPixel Former submarine pilot's art highlights the deep sea | Hawai'i Public Radio Hawaii Undersea Research Laboratory (HURL) | Kerby Illustrations Zombie worms are missing and scientists are alarmed | ScienceDaily Whale tag will help decode communication in the deep ocean - Earth.com Scientists Uncover Massive Deep-Sea Eggs Inside on Active Volcano Thought to Be Extinct for Centuries Discord Updates Inside Breathe: Mauri Ora at Te Papa | RNZ Crossing the Divide | Climate Connections at the Ice-Sea Interface Interview Links Paleodictyon - Wikipedia Paleodictyon nodosum: A living fossil on the deep-sea floor Massive occurrence of a new soft-walled monothalamous foraminifer, Bathyallogromia brandtae n.sp., in the hadal Aleutian trench An Integrative Taxonomic Survey of Benthic Foraminiferal Species (Protista, Rhizaria) from the Eastern Clarion-Clipperton Zone Credits Song of the month: It is that deep, bro by Matt Storer Logo image: NOAA public domain Theme: Hadal Zone Express by Märvel
Camryn Lubner, from Southampton, New Jersey (a small town about 40 minutes outside Philly) and graduated from the University of South Carolina in May of 2024. She was on their IHSA team for all four years, competing in Open Flat and Fences throughout her career and attending Nationals in 2022, 2023, and 2024. She have been riding and showing horses ever since she could walk and have had the privilege of living on and running a horse farm my entire life. Lubner graduated with a degree in Statistics and Finance and started her career as a Financial Analyst in July of 2024. Lubner still competes regularly and just imported a 5 year old KWPN from Poland in August of 2024, along with dabbling in some AEE/ATOC (Alumni Equestrian Events/Alumni Tournament of Champions) competitions. Lillard Preschlack is a captain of the Skidmore College Riding Team. She began riding as a toddler on her cousin's retired ponies at her grandmother's farm, officially starting lessons at age 8. She competed locally in Illinois until High School, where she successfully began the AA circuit in the junior hunters and equitation at Kentucky and Wellington. Since the pandemic, she has ridden alongside her mom at Buena Vista Farm in Wadsworth, Illinois. Throughout high school, Lillard wasn't sure if she wanted to ride in college, but after visiting Skidmore, she knew it was the perfect fit for her. She loved that Skidmore provided the opportunity to ride at a high level while receiving a top-notch liberal arts education.
In this episode we answer emails from Midwest Nice, Ron and Stefan. We discuss helping a cautious parent with a high-fee advisor, what services are actually worth paying for in their case, how to invest home-sale proceeds for a 5–10 year horizon, where to learn beyond basic indexing without losing the plot, the McKenna Man portfolio, and best approaches to try to beat the market (beyond don't try). Links:Father McKenna Center Donation Page: Donate - Father McKenna CenterExcess Returns Channel: Excess Returns - YouTubeTacoma Narrows Bridge Collapse Video: Tacoma Bridge Collapse: The Wobbliest Bridge in the World? (1940) | British PathéStefan's Sparkline Capital Article: Buffett's Intangible MoatsBen Felix Video On Leverage: Investing With Leverage (Borrowing to Invest, Leveraged ETFs) (youtube.com)Book List:Ashvin Chhabra: "The Aspirational Investor"J. David Stein: "Money For The Rest of Us"Michael Mauboussin: "More Than You Know" and "Think Twice"Antti Ilmanen: "Expected Returns" and "Investing Amid Low Expected Returns"Andrew Lo: "In Pursuit of the Perfect Portfolio"Ed Thorpe: "A Man For All Markets"Larry Swedroe: "Your Complete Guide to Factor Investing"Breathless Unedited AI-Bot Summary:Ever tried to help a parent who's financially fine but glued to a “nice” advisor and a vague plan? We dig into the real-world tactics that preserve relationships while improving outcomes—think gentle on-ramps like scam protection, account alerts, and sharing your own planning choices. The goal isn't to win a debate; it's to earn access, reduce avoidable taxes, and align risk with comfort, especially when pensions and Social Security already cover spending.From there, we get specific about value. If an advisor stays, the highest-return work for many retirees is tax strategy, asset location, and simplification—not performance theater. We talk practical setups like Wellington or Wellesley for low-cost balance, when a deferred QLAC can be a comfort hedge, and why generating more income than you need can backfire at tax time. For listeners sitting on house-sale proceeds with a 5–10 year window, we unpack why hoarding cash invites erosion and why a golden ratio–style mix can cap drawdowns to a few years while keeping growth and inflation resilience alive.Curious investors also get a roadmap for learning beyond slogans. We highlight factor tilts with quality screens, institutional-grade thinkers like Ilmanen, Lo, and Mauboussin, and the simple truth that outperformance usually comes from concentration or leverage—so position sizing and behavior matter more than hot takes. We challenge the myth that a cap-weight index buys the “whole economy,” and we favor building like engineers: learn from failures, control volatility, and design for the stress you'll actually feel.If this helped you rethink fees, timelines, or tilts, follow the show, share it with a friend, and leave a quick review so more DIY investors can find these tools.Support the show
A British World War expert will tell a Wellington conference that New Zealand soldiers outperformed Australians in both world wars. The event will explore quirky, controversial, and overlooked stories from New Zealand's military history. John Crawford,Chairman of the NZ Military History Committee spoke to Melissa Chan-Green.
The head of the private company, Manage My Health, Vino Ramayah, has confirmed his own details were among those leaked in a huge data breach, along with those of his friends and family; Tensions remain high in Venezuela after the United States captured President Nicolás Maduro, with shots heard near the presidential palace yesterday; The group behind the Manage My Health hack calls itself Kazu. It has demanded US$60,000 after hundreds of thousands of medical files were stolen from one of the country's largest patient portals; A British World War expert will tell a Wellington conference that New Zealand soldiers outperformed Australians in both world wars. The event will explore quirky, controversial, and overlooked stories from New Zealand's military history.
Four family members sat down for a home-cooked lunch in Leongatha, Australia. Within days, three were dead and one barely survived.At the center of it all was Erin Patterson and a beef Wellington.What happened inside that kitchen became one of Australia's most disturbing murder trials.Listen to your season 6 premiere, with Ky being back from vacation, right now on Love and Murder.************************************************************************************************Podcast Promo: Darkcast Network*************************************************************************************************Do you have thoughts about this case, or is there a specific true crime case you'd like to hear about? Let me know with an email or a voice message: https://murderandlove.com/contactFind the sources used in this episode and learn more about how to support Love and Murder: Heartbreak to Homicide and gain access to even more cases, including bonus episodes, ad-free and intro-free cases, case files and more at: https://murderandlove.com~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Please take some time to Rate, Share, Subscribe!
This week on Sinica, recorded at Yale University, I speak with Michael Brenes and Van Jackson, coauthors of The Rivalry Peril: How Great-Power Competition Threatens Peace and Weakens Democracy. Their argument is that framing the U.S.-China relationship as geopolitical rivalry has become more than just a foreign policy orientation — it's a domestic political project that reshapes budgets, norms, and coalitions in ways that actively harm American democracy and the American people. Rivalry narrows political possibility, makes dissent suspect, encourages neo-McCarthyism (the China Initiative, profiling of Chinese Americans), produces anti-AAPI hate, and redirects public investment away from social welfare and into defense spending through what they call "national security Keynesianism."Mike is interim director of the Brady Johnson Program in Grand Strategy at Yale, while Van is a senior lecturer in international relations at Victoria University of Wellington and host of the Un-Diplomatic Podcast. We discuss the genesis of their collaboration during the Biden administration, how they navigate China as a puzzle for the American left, canonical misrememberings of the Cold War that distort current China policy, the security dilemma feedback loop between Washington and Beijing, why defense-heavy stimulus is terrible at job creation, how rivalry politics weakens democracy, recent polling showing a shift toward engagement, and their vision for a "geopolitics of peace" anchored in Sino-U.S. détente 2.0.5:47 – The genesis of the book: recognizing Biden's Cold War liberalism 11:26 – How they approached writing together from different disciplinary homes 13:20 – Navigating China as a puzzle for the American left21:39 – How great power competition hardened from analytical framework into ideology 28:15 – Mike on two canonical misrememberings of the Cold War 33:18 – Van on the security dilemma and the nuclear feedback loop 39:55 – National security Keynesianism: why defense spending is bad at job creation 44:38 – How rivalry politics weakens democracy and securitizes dissent 48:09 – Building durable coalitions for restraint-oriented statecraft 51:27 – Has the post-COVID moral panic actually abated? 53:27 – The master narrative we need: a geopolitics of peace 55:29 – Associative balancing: achieving equilibrium through accommodation, not armsRecommendations:Van: The Long Twentieth Century by Giovanni Arrighi Mike: The World of the Cold War: 1945-1991 by Vladislav Zubok Kaiser: Pluribus (Apple TV series by Vince Gilligan)See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Guest: Flight Lieutenant Wilfrid Leopold “Buck” Pound NZ427559 – 21 October 1922 to 27 January 2021 Hosts: Dave Homewood Recorded: 29th of June 2013 Released: 31st of December 2025 Duration: 53 minutes 23 seconds In this Wings Over New Zealand Show episode Dave Homewood interviews WWII RNZAF bomber pilot ‘Buck’ Pound. He spent a short time in the Army in Tauranga after WWII broke out, before getting into the RNZAF. His initial training was at Rotorua, and he began flying training at Ashburton on de Havilland Tiger Moths. Next he progressed onto flying Airspeed Oxfords at Wigram. Upon passing out with his flying badge, Buck was posted to England where he flew more Oxfords, and then onto Vickers Wellingtons at No. 11 Operational Training Unit at Westcott. He and his crew, and his best mate Robbie who was another pilot with his own crew, volunteered to got to Italy. They joined No. 104 Squadron at Foggia, flying Wellingtons in the night bombing role. He talks about some of the experiences he had including a terrifying night when the Wellington was struck by lightning and they lost all their instruments. Following the tour in Italy, Buck was sent to by converted onto Mosquitoes. And he ended up flying Mosquitoes from Malta in a specialist target marking role. After the war Buck got into banking and finance. Buck was a member of the New Zealand Bomber Command Association. He passed away on the 27th of January 2021. Quick Links: • The New Zealand Bomber Command Association • The New Zealand Bomber Command Association Facebook Page Photos from Wilfred ‘Buck’ Pound’s collection, via The New Zealand Bomber Command Association Archive. The music at the end of this episode is Wild Flower by Joachim Karud
Erin Patterson, Australienne, mère de deux enfants. A l'été 2023, la voilà accusée d'avoir tué trois personnes, dont ses beaux-parents, au terme d'un succulent repas. Un bœuf Wellington préparé avec une poignée de champignons mortels. Son mari était l'invité principal, mais au dernier moment il s'est décommandé. Retrouvez tous les jours en podcast le décryptage d'un faits divers, d'un crime ou d'une énigme judiciaire par Jean-Alphonse Richard, entouré de spécialistes, et de témoins d'affaires criminelles.Hébergé par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.
Erin Patterson, Australienne, mère de deux enfants. A l'été 2023, la voilà accusée d'avoir tué trois personnes, dont ses beaux-parents, au terme d'un succulent repas. Un bœuf Wellington préparé avec une poignée de champignons mortels. Son mari était l'invité principal, mais au dernier moment il s'est décommandé. Retrouvez tous les jours en podcast le décryptage d'un faits divers, d'un crime ou d'une énigme judiciaire par Jean-Alphonse Richard, entouré de spécialistes, et de témoins d'affaires criminelles.Hébergé par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.
What does a rooftop studio, a cold plunge, and a punk rock heart have in common? Producer Toby Lloyd shares how surrender, discipline, and creative flow helped him build Tiny Triumph Recordings and rediscover joy in making music. Get access to FREE mixing mini-course: https://MixMasterBundle.com Howdy Rockstars, my guest today is Toby Lloyd, a music producer, studio engineer, and mixing engineer who runs Tiny Triumph Recordings, a boutique rooftop recording studio in Wellington, New Zealand. Toby has worked with artists like Shapeshifter, Hollie Smith, Stan Walker, and Nightmares on Wax, and he's contributed to major film projects including Avatar 2, The Hobbit Trilogy, Mortal Engines, and Hunt for the Wilderpeople, as well as mixing scores for acclaimed films such as Savage, Stylebender, and Ka Whawhai Tonu (pronounced Car Far Fie Toe Nu). In addition to his studio and film work, Toby is also making new music as an artist himself. Big thanks to Matt Boudreau from Working Class Audio for making today's introduction! THANKS TO OUR SPONSORS! http://UltimateMixingMasterclass.com https://usa.sae.edu/ https://www.izotope.com Use code ROCK10 to get 10% off! https://www.native-instruments.com Use code ROCK10 to get 10% off! https://www.adam-audio.com/ https://www.spectra1964.com https://pickrmusic.com https://RecordingStudioRockstars.com/Academy https://www.thetoyboxstudio.com/ Listen to the podcast theme song "Skadoosh!" https://solo.to/lijshawmusic Listen to this guest's discography on Spotify: https://open.spotify.com/playlist/4KcgK6N3gowUGrKLxBGkgy?si=65a448e9f89c42e6 If you love the podcast, then please leave a review: https://RSRockstars.com/Review CLICK HERE FOR COMPLETE SHOW NOTES AT: https://RSRoockstars.com/538
Welcome to The Plaidchat- an extension of The Plaidcast where we expand upon conversations in our sport and discuss the most recent issue of The Plaid Horse Magazine. Piper speaks with Elizabeth Ehrlich of Equine Elixirs and farrier Todd Monahan about metabolic hoof related issues.Host: Piper Klemm, publisher of The Plaid HorseGuest: Elizabeth Ehrlich is the founder and president of Equine Elixirs. Her unique approach to creating all-natural, whole food based supplements that address a wide range of equine health needs has taken the supplement industry by storm for almost ten years. Formerly an attorney in New York, Liz now spends her days focused on equine nutrition. Guest: Todd Monahan graduated from the North Carolina School of Horseshoeing in 1983. He has been a member of the American Farriers Association (AFA) for 35 years and a Certified Journeyman Farrier with the AFA for 30 years. Throughout his career, Todd worked exclusively in South Florida and has been residing in Wellington for the past 24 years where he's been shoeing horses during the Winter Equestrian Festival. Subscribe To: The Plaid Horse MagazineRead the Latest Issue of The Plaid Horse MagazineSponsors: Taylor, Harris Insurance Services, Windstar Cruises, and Great American Insurance Group Join us at an upcoming Plaidcast in Person event!
Against the odds, a takahe pair believed to be infertile have successfully hatched a chick at Wellington's Zealandia Te Mara a Tane. Dr Danielle Shanahan, Chief Executive of Zealandia joins Bryan to share the exciting news.
This Practical Horseman Podcast, sponsored by USRider, is with top hunter, jumper and equitation rider and trainer Nick Haness. We talk to Nick us about his partnership with Cavaletto Loma Z and other horses who shaped his career, what drew him to hunters and jumpers and what he attributes to his success as rider, trainer and horseman. He also provides us with an update on the collection of rescue animals at his farm.About Nick HanessAfter a self-funded successful Junior career, hunter/jumper rider and trainer Nick started his own training and sales business at Hunterbrook Farms in Temecula, California, in 2009. Over the next several years, he achieved multiple top placings in the hunter divisions including back-to-back wins in the 2012 and 2013 World Championship Hunter Rider Handy Hunter Challenge and the championship in the 2016 First Year Green divisions at the Devon Horse Show and the Pennsylvania National Horse Show.Nick and Verdict were the reserve champion at the 2019 USHJA International Hunter Derby Championships, and a month later, he finished first and second on Crowd Pleaser and Reese's at the $50,000 Stal Hendrix Green Futurity Finals at the HITS Saugerties Championship. He also earned the 2019 USEF's Emerson Burr Award and was voted by his peers as the 2019 USEF National Equestrian of the Year.More recently, Nick and Cavaletto Loma Z had a number of notable recent wins in 2025 including the Platinum Performance USHJA International Hunter Derby Regional Championship at Traverse City and the USHJA International Hunter Derby at Desert Circuit Week 9. He also won the 2025 WCHR Professional Finals for the second time this past October.While Nick will be spending time in Wellington for the upcoming winter show season, he continues to operate his Hunterbrook Farms with his partner Ryan May.About This Episode's Sponsor, US RiderWhenever you call, USRider answers. We are you trusted equestrian roadside ally, ensuring your horse's safety on the road. Count on us for towing, flat tire repairs and more for your vehicle and horse trailer. Plus, access emergency veterinary, farrier and stabling referrals to keep your horses healthy. Stay on the road and in the saddle with USRider. Visit USRider.org today and become a member.
Sam Shaw rode the 648km from Auckland to Wellington in a single day with the help of lots of bananas, gingernut biscuits, carrots and cans of Coke. He set a new record time for the solo ride, coming in at just over 17 hours - without a single stop along the way.
This Practical Horseman Podcast, sponsored by USRider, is with top hunter, jumper and equitation rider and trainer Nick Haness. We talk to Nick us about his partnership with Cavaletto Loma Z and other horses who shaped his career, what drew him to hunters and jumpers and what he attributes to his success as rider, trainer and horseman. He also provides us with an update on the collection of rescue animals at his farm.About Nick HanessAfter a self-funded successful Junior career, hunter/jumper rider and trainer Nick started his own training and sales business at Hunterbrook Farms in Temecula, California, in 2009. Over the next several years, he achieved multiple top placings in the hunter divisions including back-to-back wins in the 2012 and 2013 World Championship Hunter Rider Handy Hunter Challenge and the championship in the 2016 First Year Green divisions at the Devon Horse Show and the Pennsylvania National Horse Show.Nick and Verdict were the reserve champion at the 2019 USHJA International Hunter Derby Championships, and a month later, he finished first and second on Crowd Pleaser and Reese's at the $50,000 Stal Hendrix Green Futurity Finals at the HITS Saugerties Championship. He also earned the 2019 USEF's Emerson Burr Award and was voted by his peers as the 2019 USEF National Equestrian of the Year.More recently, Nick and Cavaletto Loma Z had a number of notable recent wins in 2025 including the Platinum Performance USHJA International Hunter Derby Regional Championship at Traverse City and the USHJA International Hunter Derby at Desert Circuit Week 9. He also won the 2025 WCHR Professional Finals for the second time this past October.While Nick will be spending time in Wellington for the upcoming winter show season, he continues to operate his Hunterbrook Farms with his partner Ryan May.About This Episode's Sponsor, US RiderWhenever you call, USRider answers. We are you trusted equestrian roadside ally, ensuring your horse's safety on the road. Count on us for towing, flat tire repairs and more for your vehicle and horse trailer. Plus, access emergency veterinary, farrier and stabling referrals to keep your horses healthy. Stay on the road and in the saddle with USRider. Visit USRider.org today and become a member.
Part two of our Staycation - or urban vacation series - depending on where you live. Today - Te Whanganui O Tara - Wellington, with Simon Woolf, who's well qualified, first because he lives there, secondly, because he's just written a book about the city, Wellington Moods.
Ali Al Omari is a Palestinian-Philippino artist and architecture graduate, who holds a masters degree from the Victoria University of Wellington. His work focuses on Palestinian art, Sumud and Resistance through architecture. In this episode, he talks about architecture in Palestinian history including that of Gaza, a city that rises from the ashes, just like the Phoenix, tune in for the full episode. View Ali's work here:https://www.filemail.com/d/ybtuqoyfindbthf The Ditch 2025 Review Podcast is here:https://www.patreon.com/posts/patron-exclusive-146018449 The Sanctuary Runners Donation:https://eventmaster.ie/fundraising/campaign/step-up-for-solidarity-the-12ks-of-christmas Support Dignity for Palestine here:https://www.patreon.com/posts/call-to-stand-143037542
Piper speaks with the CEO of Wellington International, Murray Kessler, about the upcoming winter season in Wellington, Florida. Brought to you by Taylor, Harris Insurance Services.Host: Piper Klemm, publisher of The Plaid HorseGuest: Murray S. Kessler is a lifelong equestrian and accomplished American business executive with decades of leadership across global sport and industry. He has served as President of the United States Equestrian Federation & North American Riders Group and CEO of multiple Fortune 500 companies, including Perrigo, Lorillard, and UST. He continues to influence equestrian sport and corporate governance worldwide.Subscribe To: The Plaid Horse MagazineTitle Sponsor: Taylor, Harris Insurance ServicesSponsors: Purina, Great American Insurance Group, and Windstar Cruises Join us at an upcoming Plaidcast in Person live event!
A Different View is a new exhibition coming to Wellington fusing centuries old art with new tech to show off over 50 masterpieces.
While a bunch of us are winding down for the festive season, others are gearing up for one of their busiest times of the year. Animal shelters are among them. The charity Helping You Help Animals or HUHA is spending its first official Christmas in its new home built on about 150 acres on Haywards Hill near Wellington. It's a full house with 600 animals to look after over the summer break. HUHA founder and chief executive Carolyn Press McKenzie spoke to Lisa Owen.
The man found guilty of five counts of murder over the Loafers Lodge blaze will spend a minimum of 22 years behind bars. Esarona David Lologa was found guilty in September of setting the Wellington boarding house alight in May 2023, which killed five residents. Nick James reports.
The esteemed Jordan Wellington joins the podcast for episode 106! Jordan is a true scholar, but mainly a Deadhead with a law background who helped Colorado cannabis legalization become what it is today. Jordan is policy consultant and partner at Strategies64, along with Mason Tvert from episode 98. For a deeper dive into cannabis policy with Jordan, check out his podcast "Weed Wonks."High Minded with McCarter is sponsored by Good Trees, McCarter's favorite rosin brand in Colorado! They press their rosin with stainless steel, never nylon, so you don't have to worry about micro-plastics. Find more information at TheGoodTreesCo.com or on Instagram @youcantteachgoodtaste.
To mark the 1000th anniversary of his death we revisit the bachelorhood of Basil II. My guest is Mark Masterson — until recently Associate Professor of Classics at Victoria University of Wellington (retired 2025). His work explores masculinity, desire, and male social bonds in the Roman world.In his book Between Byzantine Men he discusses an oration written in Basil's day which may shed light on his intimate life.Find out more about Professor Mark Masterson here and check out his two books on male relationships within the Roman world. Between Byzantine Men: Desire, Homosociality, and Brotherhood in the Medieval EmpireRoutledge (2022)Man to Man: Desire, Homosociality and Authority in Late-Roman Manhood The Ohio State University Press. (2014) Hosted on Acast. See acast.com/privacy for more information.
Clint got the opportunity to talk to Avatar director James Cameron ahead of the red carpet premiere of Avatar: Fire and Ash in Wellington, New Zealand. They talked about: The use of AI in cinema. Cliff Curtis' involvement in character designs. James Cameron's history with New Zealand. How he had the time to shoot the Billie Eilish documentary at the same time. Avatar: Fire and Ash is in cinemas December 18 (New Zealand).See omnystudio.com/listener for privacy information.
Today I'm joined by the founder of Detrans.AI, an innovative chatbot and data tool designed to amplify the perspectives of detransitioners. A young web developer from Wellington, New Zealand, Peter shares how his journey began with trying to understand a loved one, and how his search for answers led him to discover the largely silenced stories of those with transition regret.We dive deep into the technical and ethical decisions Peter made while building Detrans.ai, including his choice to use a Chinese AI model (Kimi K2) to avoid the pro-gender ideology bias baked into Western AI systems like ChatGPT. Peter walks us through the site's powerful data visualizations, which reveal striking patterns: the peak ages for transition and detransition, the gender differences in why people transition (with autogynephilia prominent for males and internalized misogyny for females), and perhaps most importantly—that proper psychotherapy is the number one factor leading to detransition for females.We explore how parents and questioning individuals can use this tool, the social backlash Peter has faced for creating it, and why dismantling the "born this way" narrative is essential for protecting young people experiencing gender distress. This conversation offers hope that ethical therapists are beginning to step forward and that tools like Detrans.ai can help bridge the gap between concerned parents and the truth about what's really driving the gender crisis.Peter James Steven is a developer and designer from Wellington, New Zealand. He recently developed a sited called detrans.ai to promote the experiences and perspectives of detransitioners. Detrans.ai is primarily a chatbot that deconstructs gender concepts and to promotes holistic, non-medical approaches to healing gender distress. It integrates knowledge from the /r/detrans subreddit, which is the largest open collection of detrans experiences on the internet. Follow him on X @pjamessteven.[00:00:00] Start[00:03:45] Why the "Born This Way" Narrative Is Toxic[00:09:30] Building AI Without Gender Ideology Bias[00:17:45] The 5000% Increase in Gender Dysphoria Referrals[00:27:30] Analyzing 2,700 Detransitioner Stories[00:35:00] Male vs Female Transition Reasons Compared[00:42:32] What Actually Causes People to Detransition[00:49:27] Tour of the Detrans.ai Platform[00:57:45] Debunking Common Gender Ideology Myths[01:02:35] Message to Detransitioners and Closing ThoughtsROGD REPAIR Course + Community gives concerned parents instant access to over 120 lessons providing the psychological insights and communication tools you need to get through to your kid. Now featuring 24/7 personalized AI support implementing the tools with RepairBot! Use code SOMETHERAPIST2025 to take 50% off your first month.PODCOURSES: use code SOMETHERAPIST at LisaMustard.com/PodCoursesTALK TO ME: book a meeting.PRODUCTION: Looking for your own podcast producer? Visit PodsByNick.com and mention my podcast for 20% off your initial services.SUPPORT THE SHOW: subscribe, like, comment, & share or donate.Watch NO WAY BACK: The Reality of Gender-Affirming Care. Use code SOMETHERAPIST to take 20% off your order.MUSIC: Thanks to Joey Pecoraro for our song, “Half Awake,” used with gratitude & permission.ALL OTHER LINKS HERE. To support this show, please leave a rating & review on Apple, Spotify, or wherever you get your podcasts. Subscribe, like, comment & share via my YouTube channel. Or recommend this to a friend!Learn more about Do No Harm.Take $200 off your EightSleep Pod Pro Cover with code SOMETHERAPIST at EightSleep.com.Take 20% off all superfood beverages with code SOMETHERAPIST at Organifi.Check out my shop for book recommendations + wellness products.Show notes & transcript provided with the help of SwellAI.Special thanks to Joey Pecoraro for our theme song, “Half Awake,” used with gratitude and permission.Watch NO WAY BACK: The Reality of Gender-Affirming Care (our medical ethics documentary, formerly known as Affirmation Generation). Stream the film or purchase a DVD. Use code SOMETHERAPIST to take 20% off your order. Follow us on X @2022affirmation or Instagram at @affirmationgeneration.Have a question for me? Looking to go deeper and discuss these ideas with other listeners? Join my Locals community! Members get to ask questions I will respond to in exclusive, members-only livestreams, post questions for upcoming guests to answer, plus other perks TBD. ★ Support this podcast on Patreon ★
Newt talks with Bernard Cornwell about his latest book, “Sharpe’s Storm: Richard Sharpe and the Invasion of Southern France, 1813.” Cornwell shares the serendipitous start of his writing career, which began when he moved to the United States and decided to write a book due to difficulties in obtaining a work permit. His first novel, "Sharpe’s Eagle," set in 1808, marked the beginning of a series that follows the character Richard Sharpe through various historical battles. Cornwell explains his inspiration for writing about the British Army during the Napoleonic Wars, filling a gap he perceived in historical literature. He also discusses the challenges and intricacies of writing two major series, one about Sharpe and the other about The Saxon Stories, which explore the creation of England. Their conversation touches on historical figures like Wellington, whose military strategies and personal characteristics are vividly brought to life in Cornwell's novels. Cornwell also reflects on his characters, expressing a closer connection to Sharpe due to the character's long-standing presence in his work. He hints at the possibility of future Sharpe novels, though he is currently focused on writing another book in The Saxon Series.See omnystudio.com/listener for privacy information.
1. A Little Taste of Tonight's Case Tonight's story starts exactly where so many good things do: a quiet country town, a family lunch, and a plate of something fancy – beef Wellington. It ends with three people dead, one clinging to life, and an entire nation asking how a dish that sounds like it belongs on MasterChef ended up in the Supreme Court. This episode takes you into the Leongatha mushroom case – the so-called “death cap dinner” – told from my Tale Teller perch, with all the atmosphere, care, and candlelit narration you've come to expect… plus a healthy dollop of “what on earth, humans?” 2. What's Actually in the Episode? A lunch that looked ordinary… and wasn't We start at the table. No gore, no exploitation – just that quiet, uneasy sense that something is off. You'll hear: How a country family lunch in Victoria became international news. Who sat at that table, how they were connected, and why this wasn't strangers in a headline, but an entire web of family history colliding over one meal. I walk you through the day itself like you're there in the corner of the room, watching the plates go down and not yet knowing what they carry. What a death cap actually does to you Then we get a little… biological. I take you inside the body and explain – in proper, story-ified fashion – what happens when you eat a death cap mushroom: The eerie, silent first hours, when your body acts like nothing's wrong while amatoxins quietly slip into your bloodstream. The fake food-poisoning phase – all vomiting and diarrhoea and “oh that's just a nasty bug” – while your liver is secretly being dismantled cell by cell. The false recovery, that cruel moment where the symptoms ease and you think you're on the mend… just as your liver throws in its resignation letter. And finally, the crash: jaundice, confusion, liver failure, the scramble for transplants and ICU care. It's dramatic, it's descriptive, and it's rooted in the real medical picture – because if we're going to be horrified, we may as well be accurately horrified. Inside the relationships and the almost-motive We also pull back from the plate and talk about the human mess behind it all: The long, complicated relationship between Erin and her ex, The money tensions, the child support drama, the messages that went from “family” to “lost cause” in record time, And how the courts actually handled motive – or rather, how they never truly nailed one down. I keep it respectful: we're not here to psychoanalyse a stranger's soul from our couches. But we do explore the emotional landscape that sat behind that lunch, because that's where the story really starts to ache. The sentence, the silence, and the questions We end in the courtroom: the verdicts, the life sentence, and the judge openly admitting that only she knows why. Then I leave you with the questions that linger: Is a murder with no clear motive creepier than one done for money? How much does “why” matter once “what” is already this bad? And who do we trust at our table, really? 3. Thank You, You EPIC, Wonderful Lovelies! I cannot overstate this: you are the reason I get to dig into stories like this properly – slowly, carefully, with time to research, script, narrate, and edit instead of belting them out between life admin and cold tea. Every time you support on Patreon, you're not just “tipping the podcaster” – you're literally funding: The hours it takes to turn a complex case into a coherent, respectful narrative. The hosting, tools, and tea and caffeine supply chain that keep SFGT alive. The space for me to ask, “How do I tell this without turning real pain into entertainment?” – and then actually follow through on that. So thank you: For trusting me with your ears. For backing this strange little corner of the audio world where horror and empathy share the same cup. For letting me sit by your side, late at night, and tell you stories that stay with you long after the episode ends. You are, quite genuinely, the legends who keep the lights on and the kettle boiling. Stay safe, stay curious, and maybe – just for me – don't eat any mysterious mushrooms you find on a weekend wander, yeah? With all the tea and all the thanks, Your Tale Teller
Power gets loud when it's insecure. Strategy becomes theater. And ideology sneaks in wearing policy jargon. The White House's newest U.S. National Security Strategy claims realism while quietly demanding dominance, preaching restraint while laying groundwork for escalation. Civilizational panic collides with imperial muscle, producing a document that wants everything, everywhere, all at once. Van Jackson, Professor of International Relations at Victoria University of Wellington, sits down with Jacob Shapiro to chat about how culture war thinking seeps into grand strategy, why “prioritization” turns into mission creep, and what this blueprint signals for allies, adversaries, and a world already stretched thin. If this is restraint, buckle up :)--Timestamps:00:00 Introduction and Guest Welcome01:40 Understanding National Security Strategy02:23 Critique of the Current Administration's Strategy07:22 Historical Context and Comparisons13:14 Primitive Accumulation and Geopolitics16:47 Latin American Policy and Imperialism25:33 Military Strategy and Global Implications29:47 China as a Pacing Threat30:47 Misconceptions in Military Strategy31:52 Potential Conflicts in Latin America34:23 US Military Intervention in Mexico35:38 Challenges of Addressing Drug Cartels41:56 Hegemonic Decline and National Security48:24 Global Reactions to US Strategy53:58 Brazil's Role in Latin America56:53 Concluding Thoughts--Referenced in the Show:Van Jackson - https://people.wgtn.ac.nz/van.jacksonNational Security Strategy 2025 - https://www.whitehouse.gov/wp-content/uploads/2025/12/2025-National-Security-Strategy.pdfNSS (2002) - https://georgewbush-whitehouse.archives.gov/nsc/nss/2002/NSC-68 (1950) - https://history.state.gov/milestones/1945-1952/NSC68--Jacob Shapiro Site: jacobshapiro.comJacob Shapiro LinkedIn: linkedin.com/in/jacob-l-s-a9337416Jacob Twitter: x.com/JacobShapJacob Shapiro Substack: jashap.substack.com/subscribe --The Jacob Shapiro Show is produced and edited by Audiographies LLC. More information at audiographies.com --Jacob Shapiro is a speaker, consultant, author, and researcher covering global politics and affairs, economics, markets, technology, history, and culture. He speaks to audiences of all sizes around the world, helps global multinationals make strategic decisions about political risks and opportunities, and works directly with investors to grow and protect their assets in today's volatile global environment. His insights help audiences across industries like finance, agriculture, and energy make sense of the world.--
Timestamp: (10:19) In the US, an average of 450 children are murdered by their parents each year, with mothers more likely to kill infants and fathers more likely to kill older children. North Carolina man Wellington Dickens called 911 in October 2025. He confessed to killing four of his children over the period of a few months. He also told authorities that another child of his had previously passed and police are searching for the remains of that baby. In November 2025, New Zealand man Dean Field allegedly killed his three young children August, Hugo and Goldie before setting their home on fire. Dean perished along with the children. Ohio man Ryan Eagon and his wife Raven had a tumultuous relationship. Raven believed that Ryan was away for work and she enlisted the help of a previous partner, Dustin Willey, to help her move her two children and their belongings out of the home. Ryan ambushed the family, killing Dustin and the two young boys, before taking his own life. Read our blog for these tragic cases - https://truecrimesocietyblog.com/2025/11/24/deadly-dads-november-2025/ If you are in an abusive relationship, we have helpful resources on our Instagram highlight section - Instagram.com/truecrimesociety Join us on Patreon for weekly, exclusive content - Patreon.com/truecrimesociety This episode is sponsored by: Mood - Head to mood.com, find the functional gummy that matches exactly what you're looking for, and let Mood help you discover YOUR perfect mood. And don't forget to use promo code [TCS] when you check out to save 20% on your first order.