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Double Take hosts Rafe Lewis and Jack Encarnacao are joined by industry experts to discuss insights from the Data Center World trade show in Washington, DC, focusing on the intersection of artificial intelligence (AI) and data center infrastructure.
The Father of Reaganomics, David Stockman, joins us to explore the complex world of international trade and its impact on investors. Key insights include: Challenging conventional wisdom about trade policies Understanding economic forces that drive investment opportunities Gaining expert perspective on global economic trends Stockman provides a candid analysis of current trade strategies, revealing: The true drivers of economic competitiveness Potential pitfalls of protectionist approaches Critical insights for strategic investors The episode cuts through political noise to offer clear, actionable economic intelligence for informed decision-making. Smart investors look beyond headlines to understand the deeper economic forces shaping their financial future. Resources: Check out David Stockman's Contra Corner Newsletter Show Notes: GetRichEducation.com/553 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review” For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Automatically Transcribed With Otter.ai Keith Weinhold 0:01 Welcome to GRE. I'm your host. Keith Weinhold, I sit down with a long time White House occupant who was the official economic advisor to an ex president. We get the real deal on tariffs and what they mean to you. Trump gets called out and the ominous sign about what's coming six months from now, today on, Get Rich Education. Since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being the flipper or landlord. Show Host Keith Weinhold writes for both Forbes and Rich Dad advisors and delivers a new show every week since 2014 there's been millions of listener downloads of 188 world nations. He has a list show guests include top selling personal finance author Robert Kiyosaki. Get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with the get rich education podcast. Sign up now for the get rich education podcast, or visit get rich education.com Corey Coates 1:14 You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education. Keith Weinhold 1:30 Welcome to GRE from Brookline, Massachusetts to Brooklyn, New York and across 188 nations worldwide. I'm Keith Weinhold, and you are listening to get rich education, just another shaved mammal behind this microphone here. I recently spent some time with the father of Reaganomics, David Stockman, in New York City, and sometimes an issue so critical surfaces that real estate investors need to step back and understand a broader force in the economy. Three weeks ago, here, I told you how the second and third way, real estate pays you. Cash flow and ROA are sourced by your tenants employment and the future of your tenants employment is influenced by tariffs and other policies of this presidential administration. This is going to affect rates of inflation and a whole lot of things. Now, an organization called the American Dialect Society, they actually name their word of the year, and this year, it is shaping up to be that word, tariff. In fact, Trump has described that word as the most beautiful word in the dictionary. And I think we all know by now that a tariff is an import tax that gets passed along to consumers when it comes to materials used in real estate construction that's going to affect future real estate prices. Well, several key ones so far were exempted from recent reciprocal tariffs, including steel, aluminum, lumber and copper exempted. Not everything was exempted, but those items and some others were but who knows if even they are going to stay that way. And now, when it comes to this topic. I think a lot of people want to make immediate overreactions in even posture like they're an expert in become an armchair economist, and I guess we all do a little of that, me included. But rather than being first on this and overreacting, let's let the policy which Trump called Liberation Day last month when he announced all these new tariffs. Let's let policy simmer a little and then bring in an expert that really knows what this means to the economy and real estate. So that's why I wanted to set up this discussion for your benefit with the father of Reaganomics and I today. In fact, what did Reagan himself say about tarrifs back in 1987 this is part of a clip that's gained new life this year. It's about a minute and a half. Speaker 1 4:13 Throughout the world, there's a growing realization that the way to prosperity for all nations is rejecting protectionist legislation and promoting fair and free competition. Now there are sound historical reasons for this. For those of us who lived through the Great Depression, the memory of the suffering it caused is deep and searing, and today, many economic analysts and historians argue that high tariff legislation passed back in that period called the Smoot Hawley tariff greatly deepened the depression and prevented economic recovery. You see at first when someone says, Let's impose tariffs on foreign imports, it looks like they're doing the patriotic thing by protecting American products and jobs, and sometimes for a short while at work. Price, but only for a short time. What eventually occurs is first, home grown industries start relying on government protection in the form of high tariffs. They stop competing and stop making the innovative management and technological changes they need to succeed in world markets. And then, while all this is going on, something even worse occurs. High tariffs inevitably lead to retaliation by foreign countries and the triggering of fierce trade wars. The result is more and more tariffs, higher and higher trade barriers, and less and less competition, so soon, because of the prices made artificially high by tariffs that subsidize inefficiency and poor management, people stop buying. Then the worst happens, markets shrink and collapse, businesses and industry shut down, and millions of people lose their jobs. Keith Weinhold 5:50 Now, from what I can tell you as a listener in the GRE audience, maybe you're split on what you think about tariffs. In fact, we ran an Instagram poll. It asks, generally speaking, tariffs are good or bad? Simply that 40% of you said good, 60% bad. Over on LinkedIn, it was different. 52% said they're good, 48% bad. So it's nearly half and half. And rather than me taking a side here, I like to bring up points that support both sides, and then let our distinguished guests talk, since he's the expert. For example, if a foreign nation wants to access the world's largest economy, the United States, does it make sense for them to pay a fee? I mean, it works that way in a lot of places, when you want to list a product on eBay or Amazon, you pay them a fee. You pay a percentage of the list price in order to get access to a ready marketplace of qualified buyers. All right. Well, that's one side, but then the other side is, come on, let's look at history. Where have tariffs ever worked like Where have they ever been a resounding, long term success? Do they have any history of a sustained, good track record? I generally like free trade. Then let's understand there's something even worse than a steep tariff. There are quotas which are imposed, import limits, trade limits, and then there are even all out import bans. What do terrorists mean to the economy that you are going to live in and that your tenants live in? It's the father of Reaganomics, and I on that straight ahead on Get Rich Education. I'm your host. Keith Weinhold. you know what's crazy? Your bank is getting rich off of you. The average savings account pays less than 1% it's like laughable. Meanwhile, if your money isn't making at least 4% you're losing to inflation. That's why I started putting my own money into the FFI liquidity fund. It's super simple. Your cash can pull in up to 8% returns, and it compounds. It's not some high risk gamble like digital or AI stock trading. It's pretty low risk because they've got a 10 plus year track record of paying investors on time in full every time. I mean, I wouldn't be talking about it if I wasn't invested myself. You can invest as little as 25k and you keep earning until you decide you want your money back, no weird lock ups or anything like that. So if you're like me and tired of your liquid funds just sitting there doing nothing, check it out. Text, family to 66866, to learn about freedom, family investments, liquidity fund, again. Text family to 6686 Hey, you can get your mortgage loans at the same place where I get mine, at Ridge lending group and MLS, 42056, they provided our listeners with more loans than any provider in the entire nation because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. You can start your pre qualification and chat with President Caeli Ridge personally. Start Now while it's on your mind at Ridge lendinggroup.com, that's ridgelendinggroup.com. Hey Robert Helms 9:28 Hey everybody. It's Robert Helms of the real estate guys radio program. So glad you found Keith Weinhold in get rich education. Don't quit your Daydream. Keith Weinhold 9:48 when it comes to White House economic policy like tariffs, taxes and inflation, don't you wish you could talk to someone that's often been inside the White House. Today, we are even better. He was the official advisor to an ex president on economic affairs, a Wall Street and Washington insider and Harvard grad. Today's guest is also a former two time congressman from Michigan. He's a prolific author, and he is none other than the man known as the father of Reaganomics. He was indeed President Ronald Reagan's budget advisor. He was first with us last year, but so much has happened since. So welcome back to the show. David Stockman, David Stockman 10:26 very good to be with you, and you're certainly right about that. I think we're really in uncharted waters. Who could have predicted where we are today, and therefore it's very hard to know where we're heading, but you have to try to peer through the fog and all the uncertainty and the noise and the, you know, day to day ups and downs that's coming from this White House in a way that we've never seen before. And I started on Capitol Hill in 1970 so I've been watching this, you know, for more than a half century, actually, quite a while. And man, it's important to go through all this, but it's sort of uncharted waters. Keith Weinhold 11:04 Sure, it's sort of like you wake up every day and all you do know is that you don't know. And David, when it comes to tariffs, I want to give you my idea, and then I want to ask you about what the tariff objective even is. Now, to be sure, no one is asking me how to advise the President. I'm an international real estate investor, but I do most of my business in the US, and I sure don't have international trade policy experience. It seems better to me, David, that rather than shocking the world with new tariffs that kick in right away, it would have been better to announce that tariffs begin in, say, 90 days, and then give nations space to negotiate before they kick in. That's my prevailing idea. My question to you is, what's the real objective here? What are terrorists proposed to do? Raise revenue, onshore companies merely a negotiation tactic? Is the objective? Something else? David Stockman 12:00 Well, it might be all of the above, but I think it's important to start with a predicate, and that is that the problem is not high tariffs abroad or cheating by foreign competitors or exporters. There is a huge problem of a chronic trade deficit that is not benign, that does reflect a tremendous offshoring of our industrial economy, the loss of good, high paying industrial and manufacturing jobs. So the issue is an important one to address, but I have to say, very clearly, Trump is 100% wrong when he attempts to address it with tariffs, because foreign tariffs aren't the problem. Let me just give a couple of pieces of data on this, and I've been doing a lot of research on this. If you take the top 51 exporters to the United States, our top 51 trade partners, and this is Mexico and Canada and the entire EU and it's all the big far eastern China, Japan, South Korea, India, you know, all the rest of them. If you look at the and that's 90% of our trade, we have 2.9 trillion of imports coming in from all of those countries, and the tariff that we Levy, this is the United States, on those imports, is not high. It's higher than it was in the past, mainly because of what Trump did in the first term, but it's 3.9% now compared to bad times historically, decades and decades ago. That's relatively low. But here's the key point, if we look at the same 51 trading partners in terms of the tariffs they levy on our exports to China and to the EU and to Canada and Mexico and South Korea and all the rest of them. The tariff average, weighted average that they levy is 2.1% so let me restate that the average US tariff is about twice as high 4% around things as what our partners imposed 2% now the larger point is whether it's 4% or 2% doesn't make a better difference. That's not a problem when it comes to 33 trillion of world trade of which we are, you know, the United States engages in about five and a half trillion of that on a two way basis, import, export, in the nexus of a massive global trading system. So he's off base. He's wrong. The target is not high tariffs or unfair foreign trade. Now there are some people who say, Well, you're looking at monetary tariffs. So in other words, the import duty they levy on, you know, exports to South Korea or India or someplace like that, right? And that, the real issue, supposedly, is non tariff barriers. For instance, you know, some governments require you that all procurement by government agencies has to be sourced from a domestic supplier, which automatically shuts out us suppliers who might want that business. Well, the problem is we're the biggest violator of the non tariff barrier in that area. In other words, we have something like $900 billion worth of state, federal and local procurement that's under Buy America policies, which means EU, Mexico, Canada, China, none of them can compete. Now I mention that only as one example, because it's the kind of classic non tariff barrier, as opposed to import duty that some people point to, or they point to the fact that while foreign countries allegedly manipulate their currency, but you know the answer to that is that number one, overwhelming, no doubt about it, largest currency manipulator in the world, is the Federal Reserve. Okay, so it's kind of hard to say that there's a unfair trade problem in the world because of currency manipulation. And then there is, you know, an argument. Well, foreign governments subsidize their exporters. They subsidize their industrial companies, and therefore they can sell things cheaper. And therefore that's another example of unfair trade, but the biggest subsidizer of tech industry, and of a lot of other basic industry in the United States is is the Defense Department. You know, we have a trillion dollar defense budget, and we put massive amounts of dollars in, not only to buying, you know, hardware and weapons and so forth, but huge amounts of R and D that go into developing cutting edge technologies that have a lot of civilian applications that, in fact, we see all over the world. That's why we're doing this broadcast right now. The point is that problem is not high tariffs because they're only low tariffs. The problem is not unfair trade, because there's all kinds of minor little interferences with pure free markets, but both, everybody violates those one way or another due to domestic politics. But it's not a big deal. It doesn't make that big a difference. So therefore, why do we have a trillion dollar trade deficit in the most recent year, and a trade deficit of that magnitude that's been pretty continuous since the 1970s the answer is three or four blocks from the White House, not 10,000 miles away in Beijing or Tokyo. The answer is the Federal Reserve has in the ELLs building there in DC, not far from the White House. Yes, yes, right there, okay, the Eccles building the Fed has a huge, persistent pro inflation bias, sure. And as a result of that, it is pushed the wage levels and the price levels and the cost levels of the US economy steadily higher, and therefore we've become less and less competitive with practically everybody, but certainly a lower wage countries nearby, like Mexico or China, far away. And you know, there's, it's not that simple of just labor costs and wages, because, after all, if you source from China, you've got to ship things 10,000 miles. You've got supply chain management issues, you've got quality control issues, you've got timeliness issues. You have inventory carry costs, because there's a huge pipeline, and of course, you have the actual freight cost of bringing all those containers over. But nevertheless, when you factor all that in, our trade problem is our costs are too high, and that is a function of the pro inflation policies of the Fed. Give one example. Go back just to the period when the economy was beginning to recover, right after the great recession. And you know the crisis of 208209 and I started 210 unit labor costs in manufacturing in the United States. Just from 210 that's only 15 years, are up 55% that's unit labor costs. In other words, if you take wage costs and you subtract productivity growth in that 15 year period, the net wage costs less productivity growth, which is what economists call unit labor costs, are up 53% and as a result of that, we started, you know, maybe with a $15 wage difference between the United States and.China back in the late 1990s that wage gap today is $30 in other words, the fully loaded way at cost of average wages in the United States. And I'm talking about not just the pay envelope, but also the payroll taxes, the you know, charge for pension expense, health care and so forth. The whole fully loaded cost to an employer is about $40 an hour, and it's about $10 in the United States and it's about $10 an hour in China. Now that's the reason why we have a huge trade deficit with China, because of the massive cost difference, and it's not because anybody's cheating. Is because the Fed, in its wisdom, decided, well, you know, everybody will be okay. We're going to inflate the economy at 2% a year. That's their target. It's not like, well, we're trying to get low inflation or zero inflation, but we're not quite making it. No, they're proactive. Answer is, we've got to have 2% or the economy is not going to work. Well, well, 2% sounds well, that's a trivial little number. However, when you do it year after year, decade after decade, for a long period of time, and the other side is not inflating at the same rate, then in dollar terms, you have a problem, and that's where we are today. So this is important to understand, because it means the heart of the whole Trump economic policy, which is trying to bring manufacturing home, trying to bring industry back to the United States, a laudable objective is based on a false diagnosis of why this happened, and it is unleashed ball in the china shop, disruption of global economic flows in relationships that are going to cause unmitigated problems, even disaster in the US economy. Because it's too subtle, when you think about it, the world trade system just goods. Now, we've not even talking about services yet, or capital flows or financing on a short term basis. The World Trade in goods, merchandise, goods only is now 33 trillion. That is a hell of a lot of activity of parts and pieces and raw materials and finished products flowing in. You know, impossible to imagine directions back and forth between dozens and dozens of major economies and hundreds overall. And when you start, you step into that, not with a tiny little increase in the tariff. To give somebody a message. You know, if our tariffs are averaging 4% that's what I gave you a little while ago. And you raise tariffs to 20% maybe that's a message. But Trump didn't do that. He raised the tariff on China to 145% in other words, let's just take one example of a practical product, almost all the small appliances that you can find in Target or even a higher end retail stores United States or on Amazon are sourced in China because of this cost differential. I've been talking about this huge wage differential. So over the last 20, 25, years, little it went there now 80% of all small appliances are now sourced in China, and one, you know, good example would be a microwave oven, and a standard one with not a lot of fancy bells and whistles, is $100 now, when you put 145% tariff on the $100 landed microwave oven is now $245 someone's going to say, Gee, are we going to be able to sell microwaves at $245 they're not certain. I'm talking about a US importer. I'm talking about someone who sells microwaves on Amazon, for instance, or the buyers at Walmart or Target, or the rest of them, they're going to say, wait a minute, maybe we ought to hold off our orders until we see how this is going to shake out. And Trump says he's going to be negotiating, which is another whole issue that we'll get into. It's a lot of baloney. He has no idea what he's doing. Let's just face the facts about this. So if orders are suddenly cut back, and the flow that goes on day in and day out across the Pacific into the big ports in Long Beach in Los Angeles is suddenly disrupted, not in a small way, but in a big way, by 20, 30, 40, 50% six or seven months down the road, we're going to have empty shelves. We're going to have empty warehouses. We're going to have sellers who suddenly realize there's such a scarcity of products that have been hit by this blunderbuss of tariffs that we can double our price and get away with it. Keith Weinhold 25:00 Okay, sure. I mean, ports are designed. Ports are set up for stadium flows, not for surges, and then walls and activity. That just really doesn't work. David Stockman 25:08 And let me just get in that, because you're on a good point. In other words, there is a complicated supply line, supply chain, where, you know, stuff is handed off, one hand to another, ports in China, shipping companies, ports here, rail distribution systems, regional warehouses of you know, people like Walmart and so forth, that whole supply chain is going to be hit with a shock. Everything is going to be uncertain in terms of the formulas that everybody uses right now, you know that you sell 100 units a week, so you got to replace them at the sales rate, and you put your orders in, and know that it takes six weeks to get here, and all this other stuff, all of the common knowledge that's in the supply chain that makes it work, and the handoffs smooth and efficient From one player in the supply chain to the next, it's all going to be disrupted. But the one thing we're going to have is we're going to have shortages, we're going to have empty shelves, and we're going to have price which I'm sure that Trump is not going to start saying price gouging of a you know, right? But that's not price gouging. If you have a you know, go to Florida. We have a hurricane. Where we live in Florida and New York, we have a hurricane. All of a sudden the shelves are empty and there's no goods around, because everybody's been stocking up getting ready for the storm. And then all of a sudden, the politicians are yelling that somebody's price gouging, because they raised their prices in a market that was in disequilibrium. Well, that's not price gouging. That's supply and demand trying to find a new balance basic economics. You know, when the demand is 100 and the supply is 35 okay, but I'm kind of getting ahead here, but I think there's very good likelihood that there's going to be a human cry right before, you know, maybe in the fall or right before Christmas, about price gouging and Trump then saying, Well, I was elected to bring prices down and bring inflation under control. It's out of control because all of these foreigners raised their prices. And no, they did, and it was the tariff that did it, and all the people in the supply chain are trying to take advantage of the temporary disruptions. So I think people have to understand, and I can't say this, and I don't like to say it, because I certainly didn't think the other candidate in the last election had anything to offer in terms of dealing with our serious economic problems in this country. I'm talking about Harris. But the fact is, Donald Trump has had a wrong idea for the last 40 to 50 years of his adult life. In that core idea is that trade deficits are a sign of the other side cheating. They're a sign that you're being exploited or taken advantage of or ripped off, or it's not at all okay. Trade deficits are a consequence of cost differences between different jurisdictions, and to the extent that we've artificially, unnecessarily inflated our costs. We need to fix the problem at the source. He ought to clean house at the Federal Reserve. But the problem is, Trump wants lower interest rates when, in fact, the low interest rates created all the inflation that led to our loss of competitiveness and the huge trade deficits we have today. So to summarize, it is important to understand, do not have faith in Trump's promise that we're going to have a golden age of economic prosperity. We are going to have a economic disaster, and it's a unforced error. It's self inflicted, and it's the result of the wrong fundamental idea of one guy who's in the oval office right now throwing his considerable weight around and pushing the economy into upheaval that really is totally unnecessary. He should have done what he was elected to do, and Matt's work on getting production up and costs down, that's not going to be solved with tariffs. David, I have another important point to bring up. But before we do just quickly, are those two to 4% tariffs you mentioned earlier. Those are the tariff levels pre Trump second term correct. We could clarify that those are for the year 2023 that was the latest full year data that we have with great deal of granularity. Keith Weinhold 29:56 The point I want to bring up is there any history? That tariffs actually work. Some people cite the Smoot Hawley Tariff Act from the 1930s and that it drove us deeper into the Great Depression. And David, on the one hand, when we think about, do tariffs actually work? If Indonesia can make shoes for us for $11 why would we want to onshore an activity like that? That is a good deal for us. And then, on the other hand, you have someone like Nvidia, the world's leading semiconductor company, they announced plans to produce some of their AI supercomputers entirely on American soil for the first time recently. And you have some other companies that have made similar announcements. So that's a small shred of evidence that tariffs could work. But my question is, historically, do tariffs actually work? David Stockman 30:44 That's a great question, and there's a huge history. And you can go back all the way the 19th century, where Donald Trump seems to be preoccupied, but what he fails to recognize is that they worked in the 19th century because they were revenue tariffs. It wasn't an effort to, like, bring jobs back to America. We were booming at the time. Jobs were coming to America, not leaving, and it was the federal government's main source of revenue. Because, as you know, prior to 1913 there was no income tax, right? So that was one thing. Okay, then when we got into the 20th century and host World War Two, it became obvious to people that the whole idea of comparative advantage, going all the way back to Adam Smith, and that enhanced a global trade where people could specialize in whatever their more competitive advantage is, was a Good thing. And so we had round after round of negotiations after World War Two that reduced tariff levels steadily, year by year, decade by decade. So by the time we got to the 1990s when China, then, you know, arose from the disaster of Mao and Mr. Dang took over and created all the export factories and said, It's glorious to be rich and all these things is we got red capitalism. But if we start in the 1990s the average tariff worldwide, now this is weighted average on all goods that are bought and sold or imported and exported, was about 9% and there were have been various free trade deals done since then. For instance, we had NAFTA, and the tariffs on Mexico and Canada and the United States went to zero. We had a free trade deal in 212 with South Korea. This never comes up, but the tariff on South Korean goods coming the US is zero. The tariff on us, exports going to South Korea is zero because we have a free trade agreement, and it's worked out pretty well with South Korea. Now we're not the only ones doing this. Countries all over the world. The EU is a total free trade zone in economy almost as big as the United States that used to have tariff levels between countries. Now it's one big free trade zone. So if you take the entire world economy, that 9% weighted average tariff of the early 90s, which was down from maybe 2025, 30, pre World War Two in this Smoot Hawley era, was down to 2.25% by the time that Donald Trump took office, the first time around in 2017 now 2.25% is really a rounding error. It's hardly when you have $33 trillion worth of goods moving around, you know, container ships and bulk carriers and so forth all around the world, and air freight and the rest of it, rail. 2% tariff is not any kind of big deal, as I say in some of the things I write, it's not a hill of beans. So somehow, though 45 years ago, Trump got the idea that tariffs were causing a problem and that we had trade deficits, not because our costs were going up owing to bad monetary policy, but because the other guy was cheating. Remember, this is Trump's whole view of the world. It's a zero sum game. I win, you lose, and if I'm not winning, is because you're cheating. Okay? In other words, I'm inherently going to win. America's inherently going to win unless the other guy is cheating. Now, Trump sees the world the same way that I think he looked at electrical and plumbing contractors in the Bronx, you know, in the 1980s and 1990s when he was developing his various Real Estate projects. These are pretty rough and tumble guys. It's a wild, easy way to make a living. So there's a lot of, you know, there's a lot of pretty rough baseball that's played that mentality that the other guy is always trying to screw me, the other guy's always cheating, the other guy's preventing me from winning, is, is his basic mentality. And it's not Applicable. It's not useful at all to try to understand the global economy. Try to understand why America's $29 trillion economy is not chugging along as strongly and as productively as it should be, why real wages are not making the gains that workers should be experiencing and so forth. So he ought to get out of this whole trade, tariff trade war thing, which he started, I don't know how he does, it's a little late, and focus on the problems on the home front. In other words, our trade problem has been caused by too much spending, too much borrowing, too much money printing on the banks of the Potomac. It's not basically caused in Beijing or Tokyo or Seoul or even Brussels, the European Union. And we need to get back to the basic and the real culprit, which is the Federal Reserve and its current chairman, Paul, if he wants to attack somebody, go after the Fed. Go after Paul. But ought to give them a mandate to bring inflation to zero and to stop fooling around with everything else and to stop monetizing the public debt that is buying government debt, take care of your own backyard first before you start taking, yeah, sure, yeah, exactly. You know, I've been in this for a long time. I start, as I said, I started on Capitol Hill. There have been a lot of protectionist politicians, but they always argued free trade is good, but it has to be fair trade. And you know, we have this example in our steel industry, for instance, where we producers abroad are competing unfairly for one reason or another. But the point I'm getting to is they always said this is an exceptional case. Normally we would go for free trade, but we got to have protection here. We got to have a temporary quota. Even when I was in the Reagan administration, we had a big argument about voluntary quotas on Japanese car exports, and I was totally against it. I thought the US industry needed to get its act together, get its costs down. Needed to get the UAW under control, because it had pushed wages, you know, way, way, way too high terms of total cost. But they argued, yeah, well, you're right, but we have to have 10 years in order to allow things to be improved and adjusted and catch up. So this is only temporary. This is just this. Yes, this is protectionism, but it's temporary. It's expedient that we can avoid and so therefore we'll make an exception. But there is no one, and most of these people were, you know, in the payroll of the unions, or they were congressmen from south to South Carolina going to bad for the textile industry, or congressman from Ohio going to bat for the steel industry, whatever, but there was no one who ever came along and said tariffs are big, beautiful things, and we need to have permanent high tariffs, because that's the way we're going to get prosperity back in United States. It's a dumb idea. It's wrong. It's disproven by history and people. Even though Trump has done a lot of things that I like you know, he's got rid of dei he's got rid of all of this green energy, climate crisis nonsense, all of that that he's done is to the good when you come to this basic question, how do we get prosperity in America? The answer is, through free market capitalism, by getting the government out of the way, by balancing the budget and by telling the Fed not to, you know, inflate the economy to the disadvantage that it has today. That's how you get there. And Trump is not a real Republican. Trump is basically what I call a status. He's for big government, right wing status. Okay, there's left wing, Marxist status, then there's right wing status. But you know, all of this tariff business is going to create so much corruption that it's almost impossible to imagine, because every day there's someone down there, right now, I can guarantee it at the, you know, treasury department or at Commerce department saying, but we got special circumstances here in terms of the parts that we're making for aircraft that get assembled in South Korea or something, and we need special relief. Yes, every industry you're doing is putting in for everybody's going to be there the lobby. This is the greatest dream that the Washington lobbyist community ever had. Trump is literally saying he put this reciprocal tariff. You saw the whole schedule. That he had on that easel in the White House on April 2, immigration day. It was called Liberation Day. I called it Demolition Derby Day. There was a reciprocal tariff for every single country in the world based on a phony formula that said, if we have $100 million deficit with somebody, half of that was caused by cheating. So we're going to put a tariff in place closes half of the difference. I mean, just nonsense, Schoolboy idiocy. Now it is. I mean, I know everybody said, Oh, isn't it great? We've finally got rid of the bad guys, Biden, he's terrible, and the Democrats, I agree with all that, but we replaced one set of numb skulls with another set. Unfortunately, Republicans know better, but they're so intimidated, apparently buffaloed by Trump at the moment, that they're going along with this. But they know you don't put 145%tariff on anything. I mean, it's just nuts. David, I feel like you're telling us what you really think and absolutely love that. Keith Weinhold 41:04 Interestingly, there is a Ronald Reagan clip about tariffs out there in a speech that he gave from Camp David, and it's something that's really had new life lately. In fact, we played the audio of that clip before you came onto the show today, Reagan said that he didn't like tariffs and that they hurt every American worker and consumer as Reagan's economic advisor in the White House. Did you advise him on that? David Stockman 41:27 Yes, I did. And also I can give you a little anecdote that I think people will find interesting. Yeah, the one time that he deviated in a big way from his free trade commitments was when he put the voluntary export quota on the Japanese auto industry. That was big. I don't remember the exact number, but I think it said they couldn't export more than 1.2 million cars a year, or something like that the United States. And the number was supposed to adjust over time, but we had huge debates in the Cabinet Room about those things, and at the end of the day, here's what he said. He said, You know, I've always been for open trade, free trade. I've always felt it has to be fair trade. But, you know, in this case, the Japanese industry came to us and asked for voluntary quotas, so I didn't put up a trade barrier. I'm only accommodating their request. Well, the Japanese did come to him and ask. They did, but only when they were put up to it by the protectionists in the Reagan administration who, on this took them on the side, you know, their negotiators and maybe their foreign minister. I can't remember exactly who commerce secretary and said, If you don't ask for voluntary quotas, we're going to unleash Capitol Hill and you're going to get a real nasty wall put up against your car. So what will it be? Do you want to front for voluntary quotas? Are we going to unleash Congress? So they came to Reagan and said they were the Japanese industry said they're recommending that he impose voluntary restraints on auto exports. That was just a ruse. He wasn't naive, but he believed what you told him. He believed that everybody was honest like he was, and so he didn't understand that the Japanese industry that was brought to meet with him in the Oval Office had been put up to, it been threatened with, you know, something far worse, mandatory quote is imposed by Congress. But anyway, it's a little anecdote. What happened? On the other hand, he continued to articulate the case for small government sound money. We had deficit problems, but he always wanted a balanced budget. It was just hard to get there politically. And he believed that capitalism produces prosperity if you let capitalism work and keep the government out of the marketplace. And there is no bigger form of intervention and meddling and disruption in the capitalist system, in the free market, in the marketplace, than quotas on every product in every country at different levels. They're going to have 150 different countries negotiating bilaterally deals with the United States. That's the first thing that's ridiculous. They can't happen. The second thing is they're going to come up with deals that don't amount to a hill of beans, but they'll say, we have a deal. The White House will claim victory. Let me just give one example. As we know, one of the big things that Trump did in the first administration was he renegotiated NAFTA. And NAFTA was the free trade agreement between Mexico, Canada, United States. Before he started in 2017 the trade deficit of the US with Mexico and Canada combined with 65 billion. And he said, That's too big, and we got to fix NAFTA. We have got to rebalance the provisions so that the US comes out, not on the short end of the stick 65 billion. So they negotiated for about a year and a half, they announced a new deal, which he then renamed the United States, Mexico, Canada agreement, usmca, and, you know, made a big noise about it, but it was the same deal with the new name. They didn't change more than 2% of the underlying machinery and structure, semantics. Well now, so now we fast forward to 2024 so the usmca Trump's pride and joy, his the kind of deal that he says he's going to seek with every country in the world is now four years into effect. And what is the trade deficit with Canada and Mexico today, it's 230 5 billion okay? It's four times higher now than it was then when he put it in place. Why? Because we have a huge trade deficit with Mexico. Why because, you know, average wages there are less than $10 an hour, and they're $40 an hour here. That's why it has nothing to do with a bad trade deal. It has to do with cost differences. Keith Weinhold 46:27 David, this has been great, and as we're winding down here, we have a lot of real estate investor listeners tell us what this administration's overall policies, not just tariffs, but overall policies, mean for future employment, and then tell us about your highly regarded contra corner newsletter. David Stockman 46:45 Well, those are that's a big question. I think it doesn't mean good, because if they were really trying to get America back on track our economy, they would be fighting inflation tooth and nail to get it down to zero. They would be working day and night to implement what Musk came up with in the doge that is big spending cuts and balancing the budget. They're not doing that. They're letting all these announcements being made, but they're not actually cutting any spending. They would not be attempting to impose this huge apparatus of tariffs on the US economy, but they're not doing that. So I'm not confident we were going in the wrong direction under Biden, for sure, and we're going in an even worse direction right now under Trump. So that's the first thing. The second thing is, I put out a daily newsletter called David stockman's Country corner. You can yes signers on the internet, but this is what we write about every day, and I say A plague on both their houses, the Democrats, the Republicans. They're all, in many ways, just trying to justify government meddling, government spending, government borrowing, government money printing, when we would do a lot better if we went in the opposite direction, sound money, balanced budgets, free markets and so forth, so. And in the process, I'm not partisan. You know, I was a Republican congressman. I was a budget director of the Reagan administration. I have been more on the Republican side, obviously, over my career than the Democrats, but now I realize that both parties are part of the problem, and I call it the uni party when push comes to shove, the uni party has basically been for a lot of wars abroad and a lot of debt at home, and a lot of meddling in the economy That was unnecessary. So if you look at what I write every day, it tries to help people see through the pretenses and the errors of the unit party, Democrats and Republicans. And in the present time, I have to focus on Trump, because Trump is making all the noise. Keith Weinhold 48:59 100% Yes, it sure has kept life and the news cycle exciting, whether someone likes that news or not. Well, David, this has been great. In fact, it sounds a lot like what Reagan might have told me, perhaps because you were a chief economic informant for him, smaller government, letting the free trade flow and lower inflation. Be sure to check out David stockman's contra corner newsletter if you like what we've been talking about today, just like it was last year, David, it's been a real pleasure having you on GRE today. David Stockman 49:30 Well, thank you very much. And these are important issues, and we've got to stay on top of them. Keith Weinhold 49:41 Oh, yeah. Well, David Stockman truly no mincing words. He doesn't like tariffs. In summary, telling GRE listeners that the problem with trade imbalances is inflation attack that instead quell inflation, don't impose tariffs. A lot of developing nations and China have distinct advantages over manufacturing in the United States, besides having the trained labor and all the factories and systems in place, think about how many of these nations have built in lower costs they don't have to deal with these regulatory agencies, no EPA, no OSHA, and not even a minimum wage law to have to comply with. And here in the US get this, 80% of American workers agree that the US would benefit from more manufacturing jobs, but almost 75% disagree that they would personally be better off working in a factory themselves. That's according to a joint Cato Institute in YouGov survey. It's sort of like how last century, Americans lamented the demise of the family farm, yeah, but yet, they sure didn't want to work on a farm themselves. Now there are some types of manufacturing, like perhaps pharmaceuticals or computer chips that could likely be onshore, because those items are high value items. Their value can exceed the cost of being produced in the USA, but a lot of these factory goods, not again. If these topics interest you do a search for David stockman's contra corner, or you can directly visit David stockman's contra corner.com. Big thanks to the father of Reaganomics, David Stockman on the show this week. As for next week, we're back more toward the center of real estate investing. Until then, I'm your host. Keith Weinhold, don't quit your Daydream. Y Unknown Speaker 51:42 nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC Keith Weinhold 52:02 You know, whenever you want the best written real estate and finance info, oh, geez, today's experience limits your free articles access and it's got paywalls and pop ups and push notifications and cookies disclaimers, it's not so great. So then it's vital to place nice, clean, free content into your hands that adds no hype value to your life. That's why this is the golden age of quality newsletters. And I write every word of ours myself. It's got a dash of humor, and it's to the point because even the word abbreviation is too long. My letter usually takes less than three minutes to read, and when you start the letter, you also get my one hour fast real estate video. Course, it's all completely free. It's called The Don't quit your Daydream. Letter, it wires your mind for wealth, and it couldn't be easier for you to get it right now. Just text GRE to 66866, while it's on your mind, take a moment to do it right now. Text GRE to 66866 The preceding program was brought to you by your home for wealth, building, getricheducation.com.
For the latest episode of SparX, we are joined by Neelkanth Mishra, Economic advisor to the Government of India, Chairman of UIDAI, and Chief Economist at Axis Bank. In this episode, Neelkanth dives into the unraveling of the post-WWII global order and what might replace it. From the fading influence of institutions like the UN, WHO, and NATO to the rise of new groupings like G20, BRICS, and QUAD, we explore why global power is shifting and what it means for countries like India.We also examine the implications of US-China tensions, Europe's struggle to rebuild military strength, and the global apathy toward conflicts like Russia-Ukraine and Israel-Gaza. If you're curious about where the world is headed, this conversation offers deep insights and bold perspectives.Resource List:The Story of India - https://www.penguin.co.in/book/the-it-story-of-india/ Awards and accolades won by Infosys - https://www.infosys.com/about/diversity-inclusion/awards.html Fax Machine - https://en.wikipedia.org/wiki/Fax Telex Machine - https://en.wikipedia.org/wiki/Telex What is a satellite link? - https://www.collinsdictionary.com/dictionary/english/satellite-link TIFRAC - https://en.wikipedia.org/wiki/TIFRAC IBM Mainframe - https://www.ibm.com/think/topics/mainframe Itihaasa - https://itihaasa.com/History What is a single window clearance program? - https://en.wikipedia.org/wiki/Single-window_system Government Budget on Research and Development - https://www.cnbctv18.com/budget/budget-2025-government-bears-the-bulk-of-indias-rd-budget-19550338.htm Technologies Readiness Level - https://en.wikipedia.org/wiki/Technology_readiness_level Axilor Ventures - https://www.axilor.com
Billy Sherwood, YES as a guitarist and keyboardist. He is the frontman of progressive rock groups World Trade, Circa and formerly Lodgic. In 2017, he joined Asia alongside YES bandmate Geoff Downes. He is also a solo artist, having released ten studio albums to date. // Billy Sherwood, on his upcoming tour // Jay Leno on caring for his wife with advanced dementia // North Hollywood Shooting .Starter homes cost over $1M. NFL fines Atlanta Falcons and defensive coordinator $350K. Vicki Lawrence at Haugh Performing Center. Wango Tango
The White House is negotiating with trading partners while US-China commerce seizes up. In this episode of The Big View podcast, Professor Simon Evenett of IMD Business School explains how the tense discussions might play out, and where they will leave the global trade system. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.
Dean is joined by Republican Bruce Mehlman and Democrat David Thomas to level set the trade situation and forecast Congress' return from recess with a long, hot Reconciliation Summer ahead.
U.S. President Donald Trump insisted on Monday that he will not back down from his massive tariff campaign that he launched last week and even promised to impose even higher duties on Chinese goods in response to Beijing's 34% tariff retaliation on U.S. imported goods. Kyle Chan, a postdoctoral researcher at Princeton University and author of the High Capacity Substack, joins Eric & Cobus to discuss the impact of the escalating world trade war on developing countries and how China is responding by shifting more manufacturing to the Global South. Show Notes: High Capacity: Beijing braces for impact: What Trump 2.0 might mean for US-China relations by Kyle Chan High Capacity: China is trying to reshape global supply chains by Kyle Chan High Capacity: Chinese semiconductors and alternative paths to innovation by Kyle Chan JOIN THE DISCUSSION: X: @ChinaGSProject | @kyleichan | @eric_olander | @stadenesque Facebook: www.facebook.com/ChinaAfricaProject YouTube: www.youtube.com/@ChinaGlobalSouth Now on Bluesky! Follow CGSP at @chinagsproject.bsky.social FOLLOW CGSP IN FRENCH AND ARABIC: Français: www.projetafriquechine.com | @AfrikChine Arabic: عربي: www.alsin-alsharqalawsat.com | @SinSharqAwsat JOIN US ON PATREON! Become a CGSP Patreon member and get all sorts of cool stuff, including our Week in Review report, an invitation to join monthly Zoom calls with Eric & Cobus, and even an awesome new CGSP Podcast mug! www.patreon.com/chinaglobalsouth
U.S. President Donald Trump insisted on Monday that he will not back down from his massive tariff campaign that he launched last week and even promised to impose even higher duties on Chinese goods in response to Beijing's 34% tariff retaliation on U.S. imported goods. Kyle Chan, a postdoctoral researcher at Princeton University and author of the High Capacity Substack, joins Eric & Cobus to discuss the impact of the escalating world trade war on developing countries and how China is responding by shifting more manufacturing to the Global South. Show Notes: High Capacity: Beijing braces for impact: What Trump 2.0 might mean for US-China relations by Kyle Chan High Capacity: China is trying to reshape global supply chains by Kyle Chan High Capacity: Chinese semiconductors and alternative paths to innovation by Kyle Chan JOIN THE DISCUSSION: X: @ChinaGSProject | @kyleichan | @eric_olander | @stadenesque Facebook: www.facebook.com/ChinaAfricaProject YouTube: www.youtube.com/@ChinaGlobalSouth Now on Bluesky! Follow CGSP at @chinagsproject.bsky.social FOLLOW CGSP IN FRENCH AND ARABIC: Français: www.projetafriquechine.com | @AfrikChine Arabic: عربي: www.alsin-alsharqalawsat.com | @SinSharqAwsat JOIN US ON PATREON! Become a CGSP Patreon member and get all sorts of cool stuff, including our Week in Review report, an invitation to join monthly Zoom calls with Eric & Cobus, and even an awesome new CGSP Podcast mug! www.patreon.com/chinaglobalsouth
In this edition of The Great DepressTrend 2.0, Miles and special guest co-host Caitlin Durante discuss Trump's World (Trade) War, the triumphant return of aspiring cannibal Armie Hammer (feat. Uwe Boll), the trailer for 'The Rehearsal' season 2, RFK Jr.'s cure for the measles (feat. Cod liver oil), Elon not being able to hold his L, Popeye's new pickle menu and much more!See omnystudio.com/listener for privacy information.
President Trump declared a “Liberation Day” from globalism, announcing sweeping tariffs on most foreign imports. The plan includes a 10% baseline tariff on all nations and reciprocal rates as high as 34% on countries like China. Financial experts say this marks the biggest structural shift in U.S. trade since Nixon ended the gold standard. JPMorgan warned the tariffs could trigger a recession and push inflation to 4%. European and Asian leaders condemned the move, with Macron urging companies to halt U.S. investment and the EU preparing countermeasures. Trump's policy is remaking the global economic system—one tariff at a time.Rick Wiles, Doc Burkhart. Airdate 4/3/25Join the leading community for Conservative Christians! https://www.FaithandValues.comYou can partner with us by visiting TruNews.com, calling 1-800-576-2116, or by mail at PO Box 399 Vero Beach, FL 32961.Get high-quality emergency preparedness food today from American Reserves!https://www.AmericanReserves.com It's the Final Day! The day Jesus Christ bursts into our dimension of time, space, and matter. Now available in eBook and audio formats! Order Final Day from Amazon today!https://www.amazon.com/Final-Day-Characteristics-Second-Coming/dp/0578260816/Apple users, you can download the audio version on Apple Books!https://books.apple.com/us/audiobook/final-day-10-characteristics-of-the-second-coming/id1687129858Purchase the 4-part DVD set or start streaming Sacrificing Liberty today.https://www.sacrificingliberty.com/watchThe Fauci Elf is a hilarious gift guaranteed to make your friends laugh! Order yours today!https://tru.news/faucielf
Two weeks ago, I lost my long time friend, mentor and type 1 Incident Commander to a work related illness. He died after being sick for a couple years. Those last two years for him were not good ones. And his illness was the result of our Incident Management Teams deployment to the World Trade […]
The governments of China, Mexico and Canada have begun their responses to President Trump's tariffs on goods entering the US.Trump's measures include tariffs of 25% on all goods arriving from Mexico and Canada, and well as a further 10% on Chinese products.We get reaction from those countries and hear how it affects companies around the world.
Hour 3: The Tara Show - “The Beginning of the End of the Democrat Party” Liberal Performance Anxiety” “A Turning Point in World Trade History” “Protecting the Future of America” full 1935 Fri, 14 Feb 2025 15:10:45 +0000 WxZNPTRUw4utyLCDfXQCCcymBLPKV1pl news The Tara Show news Hour 3: The Tara Show - “The Beginning of the End of the Democrat Party” Liberal Performance Anxiety” “A Turning Point in World Trade History” “Protecting the Future of America” Tara presides over the Upstate's #1 all news/talk morning show every weekday on News/Talk 989 WORD.Tara's faithful listeners are affectionately known as "Tara-ists" because of their passion and participation in the show. Tara was named 2021 Best News Talk Show and Best overall Personality, AGAIN, by the South Carolina Broadcasters Association! Tara took home the same honors in 2018 and was also named 2016 "Personality of the Year!" In addition, Tara has also won over two dozen state and national journalism awards for column writing, news reporting and investigative reporting while working for three newspapers and writing for a variety of national publications. She won a first place reporting award from the North Carolina Press Association for an investigative series about the weaknesses in Charlotte's overburdened court system, which regularly let murderers off the hook with less than 15 years in prison. Due to her work, that system has been reformed. Tara is also a winner of the prestigious first place Green Eyeshade Award, a national award for column writing from The Society of Professional Journalists. Tara took to the airwaves about 15 years ago to do a radio show heard up and down the coast and fell in love with bypassing her editors to talk straight to the people. Tara hasn't stopped reporting, and still brings her investigative journalism to the show. Tara is a mom, wife and talk radio convert-- and weekday mornings she's live and local on News/Talk 989 WORD. Are you a "Tara-ist"? It's time to get captured! 2024 © 2021 Audacy, Inc. News False https://player.amperwavepodcasting.com?feed-link=https%3A%2F%2Fr
Interview with Nancy Ridge In this episode of the Power Your Profits Podcast, host Dr. Susie Carder sits down with Nancy Ridge, founder of Ridge Innovative and a leading profitable ecosystem strategist. Nancy shares her expert insights on building strategic alliances, leveraging AI-driven technology, and mastering change management to drive scalable, profitable growth. Key takeaways from this episode include: ✅ The Secret Sauce of Strategic Partnerships: Trust and Intention ✅ Game-Changing Tech Tools like Partner Optimizer and Crossbeam for identifying and managing partnerships ✅ Why 70% of World Trade is Driven by Partnerships – and how to harness this for your business ✅ Top Strategies for Rapid Growth: Intention, Accountability, and Metrics ✅ Navigating Change in Your Organization and fostering a culture of innovation and communication Connect with Nancy Ridge: Buy Your Copy of the Book: https://a.co/d/hyRYPUT Connect with Susie: Visit Susie's Website: https://susiecarder.com/ Listen To The Podcast: https://linktr.ee/POWERYOURPROFITS Fractional COO Services: http://www.coo.poweryourprofitspodcast.com/ The Bullet Train to Big Profits Course: https://www.course.poweryourprofitspodcast.com/ Buy The Power Your Profits Book: https://book.poweryourprofitspodcast.com/
MONEY FM 89.3 - Prime Time with Howie Lim, Bernard Lim & Finance Presenter JP Ong
US President Donald Trump has followed through on his promise to impose tariffs on Canada, Mexico and China. That’s not all. Trump has also threatened to widen the scope of his trade tariffs - to include the European Union – and potentially the UK. Could this trigger a world trade war on our hands? Which country is next to be hit with tariffs? On The Big Story, Hongbin Jeong speaks to Dr Jayant Menon, Visiting Senior Fellow, ISEAS-Yusof Ishak Institute, to find out more.See omnystudio.com/listener for privacy information.
Explore the fascinating history of the "Golden Road," as William Dalrymple reveals how ancient India shaped global civilization. From dominating Indo-Roman trade and spreading Buddhism across Asia to influencing Southeast Asian art, Chinese poetry, and Baghdad's observatories, India’s rich legacy in trade, mathematics, and culture left a lasting mark. Discover the rise of Indian influence through the Silk Route, the origins of zero, and the transformative power of ideas that reached Europe by the 13th century. Inspired by Angkor Wat, Dalrymple's book chronicles India's profound impact on Eurasia from 250 BC to 1200 AD.See omnystudio.com/listener for privacy information.
Over the past 30 years, economic growth has improved living conditions for many people. However, not all individuals, regions and economies have benefited equally from the changes brought about by more open trade. The World Trade Report 2024 highlights trade's role in supporting inclusiveness across and within economies. It was launched during the opening day of the 2024 WTO Public Forum by Ralph Ossa, Chief Economist of the World Trade Organization. Director-General Ngozi Okonjo-Iweala gave opening remarks. Watch the full session here.For more details about the World Trade Report 2024 and to download the publication, visit this link. Speakers in this podcast: Peter Vanham, moderatorBusiness Journalist and Author, Fortune magazine Ngozi Okonjo-IwealaDirector-General of the WTO Ralph OssaChief Economist of the WTO Host: Javier GutiérrezCounsellor in External Relations, WTO
Rabobank's Singapore-based Global Strategist looks at how the outcome of the US Presidential election will potentially affect NZ and World Trade, how a Trump win would affect the wars in Ukraine and the Middle East, and whether 2025 will be a better year for the world economy than 2024?See omnystudio.com/listener for privacy information.
Rabobank's Singapore-based Global Strategist looks at how the outcome of the US Presidential election will potentially affect NZ and World Trade, how a Trump win would affect the wars in Ukraine and the Middle East, and whether 2025 will be a better year for the world economy than 2024? See omnystudio.com/listener for privacy information.
A.M. Edition for Oct. 22. WSJ economics commentator Greg Ip says a second Donald Trump presidency stands to radically rewire the global trading system. Plus, Republicans eat into Democrats' early voting advantage. And companies sell sunscreen in whipped-cream cans and tampons in ice-cream tubs as “chaos packaging” becomes a marketing tool. Luke Vargas hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
Become a Client: https://nomadcapitalist.com/apply/ Get our free Weekly Rundown newsletter and be the first to hear about breaking news and offers:https://nomadcapitalist.com/email Join us for the next Nomad Capitalist Live event: https://nomadcapitalist.com/live/ More countries are accepting Chinese yuan in global trade. The yuan's share of cross-border payments has risen to 52%, while the dollar's has fallen to 42%. In this video, Mr. Henderson covers the de-dollarization taking place and reveals what will replace dollar dominance, as well as what you can do to prepare. Nomad Capitalist helps clients "go where you're treated best." We are the world's most sought-after firm for offshore tax planning, dual citizenship, international diversification, and asset protection. We use legal and ethical strategies and work exclusively with seven- and eight-figure entrepreneurs and investors. We create and execute holistic, multi-jurisdictional Plans that help clients keep more of their wealth, increase their personal freedom, and protect their families and wealth against threats in their home country. No other firm offers clients access to more potential options to relocate to, bank in, or become a citizen of. Because we do not focus only on one or a handful of countries, we can offer unbiased advice where others can't. Become Our Client: https://nomadcapitalist.com/apply/ Our Website: http://www.nomadcapitalist.com/ About Our Company: https://nomadcapitalist.com/about/ Buy Mr. Henderson's Book: https://nomadcapitalist.com/book/ DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.
On this Sunday Service, I want to talk about the ministry of reconciliation, and give you two very tangible illustrations of how this ministry plays out in the real world which we all live in. The first person I want to bring to your attention is John Harper on the Titanic in 1912, and the second being Al Braca in Tower 1 of the World Trade center in 2001. Both these men are prime examples of what it means to be an ambassador for Christ and to exercise the ministry of reconciliation.
This week we discuss the Fed decision & economic projections, the bullish market signals, and the reasoning behind recession calls. We also delve into the trajectory of the economy and cutting cycle, private credit markets, the banana zone, and much more. Enjoy! — Follow Quinn: https://x.com/qthomp Follow Tyler: https://twitter.com/Tyler_Neville_ Follow Jack: https://x.com/JackFarley96 Follow Monetary Matters: https://www.youtube.com/@Monetary-Matters Follow Felix: https://twitter.com/fejau_inc Follow Forward Guidance: https://twitter.com/ForwardGuidance Follow Blockworks: https://twitter.com/Blockworks_ — Weekly Roundup Charts: https://drive.google.com/file/d/195AL7oEaAkimijE0XSnagP8vwzeDat4N/view?usp=drive_link — Join us at Permissionless III Oct 9-11. Use code: FG10 for a 10% discount: https://blockworks.co/event/permissionless-iii — Timestamps: (00:00) Introduction (01:14) FOMC Victory Lap (03:38) Quinn's Framework (06:11) Bullish Rate Cut? (09:30) Summary of Economic Projections (14:32) Bullish Market Signals (18:05) The World Trade (21:09) Trajectory of the Cutting Cycle (24:30) Market Sentiment & Credit Risk (27:50) Private Credit (29:55) Sovereign Debt Crowding Out Private Debt (31:43) Permissionless Ad (32:23) Fiscal Super Cycle (34:09) Energy, Commodities, & AI (37:13) Economic Expectations (39:50) Reconciling Recession Calls (44:35) The Market Gives Something for Everyone (50:38) Oil Market & Liquidity (53:32) The Banana Zone (58:58) Monetary Matters (01:01:09) Balancing Market Views — Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
Lisa Drake is a Retirement Plan Consultant based in SageView's Florida office, working closely with plan sponsor clients on plan design, investment due diligence, monitoring and reporting as well as ERISA compliance to maximize fiduciary protection for employers. She specializes in driving positive retirement plan outcomes and developing long-standing client relationships.Lisa has worked in institutional financial services for over 15 years, beginning her career at Charles Schwab. She worked as a financial advisor at Ameriprise Financial Services and later transitioned to a relationship manager role with CBIZ before moving on to FiduciaryFirst.She was named among NAPA's (National Association of Plan Advisors) Top Women Advisors in 2016-2018, as well as Top Defined Contribution Teams in 2018 and Top Retirement Plan Advisors Under 40 in 2019. She is currently NAPA's President-Elect.Lisa earned her Bachelor of Science in International Business and World Trade from the University of Buffalo and her MBA with a specialization in Human Resource Management from the University of Phoenix. She is an Accredited Investment Fiduciary (AIF®) and has earned her Certified Plan Fiduciary Advisor (CPFA) credential from the National Association of Plan Advisors. Lisa also holds the Certified Health Savings Adviser (CHSA) certification, helping provide a holistic consultative approach to employee benefits and retirement planning. In this episode, Eric and Lisa Drake discuss:Going beyond the traditional trifecta (Fees, Funds and Fiduciary)Assessing individual needs based on feedback Streamlining plans for governmental entitiesWhat is true financial wellness? Key Takeaways:Financial wellness for employees goes beyond the traditional trifecta of “fees, funds, and fiduciary”. The employees must be empowered with financial literacy through personalized engagement in financial wellness programs and custom solutions that transcend basic retirement education. It's important to understand the full breadth of benefits following employee feedback. Companies must assess the need for investment allocation guidance and comprehension of the 401(k) plan before incurring additional costs. Streamlining your retirement plans for governmental entities by consolidating record keepers, gaining a grasp of fees, and recognizing fiduciary duties will enormously impact employees' futures. Financial wellness is much more than numbers and technicalities—it's about shaping the present and future well-being of employees through education, personalized engagement, and sound advice. “It's easy to have the best investments in the plan and have an efficient plan structure as far as the cost goes. But if the employee is not leveraging the benefit, if they don't understand the benefit, if they have other financial worries, then we're missing the mark. The big conversation is how to engage employees and how to help them with their finances.” - Lisa DrakeConnect with Lisa Drake:Website: https://www.sageviewadvisory.com/ LinkedIn: https://www.linkedin.com/in/lisagarciasageview/ Connect with Eric Dyson: Website: https://90northllc.com/Phone: 940-248-4800Email: contact@90northllc.com LinkedIn: https://www.linkedin.com/in/401kguy/ The information contained herein is general in nature and is provided solely for educational and informational purposes.It is not intended to provide a specific recommendation of any type of product or service discussed in this presentation or to provide any warranties, financial advice or legal advice.The specific facts and circumstance of all qualified plans can vary and the information contained in this podcast may or may not apply to your individual circumstances or to your plan or client plan specific circumstances.
In this episode of The Sound of Economics, Rebecca Christie discusses the current global trade landscape with Penny Naas, of the German Marshall Fund and Atlantic Council, and Niclas Poitiers from Bruegel. They explore the challenges of balancing economic resilience, protectionism, and the push for green technologies amid these transformations. Naas and Poitiers provide insights into the rationale behind the differing approaches of the US and EU towards tariffs and industrial subsidies, as well as the broader impact on global trade relations. They also touch on the role of the WTO in navigating these complex dynamics and the future of international trade policies.
Artist Song Time Album Year World Trade For the Fallen 4:26 Unify 2017 Worlds End Girlfriend Galaxy Kid 666 5:25 Seven Idiots 2010 Wovenhand Not One Stone 4:48 Ten Stones 2008 Woven Hand The Speaking Hands 3:49 Consider The Birds 2004 Wovenhand Iron Feather 4:27 Ten Stones 2008 Wöyh! Totuuskone 4:18 Totuuskone 2017 Gary Wright […]
May is World Trade Month, and this is World Trade Week on the calendar.See omnystudio.com/listener for privacy information.
Happy World Trade Week! Global trade is evolving and manufacturing is moving. Listen for more on Two Minutes in Trade.
In a world of increasing uncertainties, the European Union's need to protect itself from new shocks is on the rise. Pandemic-related supply disruptions, the energy crisis provoked by Russia's invasion of Ukraine, and economic coercion coming from China have all shown that the EU needs to do more to prepare itself for what may come. But how should Europe de-risk its external relationships without foregoing the benefits of trade? Rebecca Christie talks to Bruegel Director Jeromin Zettelmeyer and CEPR President Beatrice Weder di Mauro about their new report, “Paris Report 2: Europe's Economic Security”. Relevant publications: Pisani-Ferry, J, B Weder Di Mauro and J Zettelmeyer (eds) (2024), ‘Paris Report 2: Europe's Economic Security‘, CEPR Press, Paris & London Pisani-Ferry, J., B. Weder di Mauro and J. Zettelmeyer (2024) ‘How to de-risk: European economic security in a world of interdependence', Policy Brief 07/2024, Bruegel
At the beginning of the pandemic, we reported on the extreme inequality of the vaccine rollout to low income countries. Their access was hindered because of a western patent system imposed globally through the World Trade Organization. At the time, activists tried to pass some activists tried to pass something called the TRIPS waiver, which would have suspended all patents related to COVID-19, not just for vaccines, but for all therapeutics and protective equipment. But as the world moved on from COVID-19, so did the efforts for equity. The TRIPS Waiver failed to provide access to medicines, and poor countries never received the vaccines they were promised. But the global south is fighting back. On today's show we look back at the failures of the early pandemic and we look forward, at new initiatives led by scientists and activists to circumvent patents and create broader access to medicines. Learn more about the story and find the transcript on radioproject.org. Making Contact is an award-winning, nationally syndicated radio show and podcast featuring narrative storytelling and thought-provoking interviews. We cover the most urgent issues of our time and the people on the ground building a more just world. EPISODE FEATURES: Fatima Hassan, Human rights lawyer and founder of Health Justice Initiative; Piotr Kolczynski, EU Health Policy & Advocacy Advisor for The People's Vaccine Alliance; Achal Prabhala, Researcher and coordinator of the AccessIBSA project; Petro Terblanche, Managing Director of Afrigen Biologics and Vaccines MAKING CONTACT: This episode is hosted by Salima Hamirani. It is produced by Anita Johnson, Lucy Kang, Salima Hamirani, and Amy Gastelum. Our executive director is Jina Chung. MUSIC: This episode includes music from Blue Dot Sessions, “Sweetly;” Deef, “Nostalgia of an Ex Gangsta Rapper;” Doctor Turtle, “Leap Second;” frankum, “Reward MusicTrack - Ambiance guitar;” Monplaisir, “Juan Garcia Madero,” “Ridiculous,” and “Stay Quiet;” Robert John, “Slinky.” LEARN MORE: Access IBSA The People's Vaccine Alliance Afrigen Biologics Vaccines – An Avacare IDC Health Company The Health Justice Initiative Pandemic Lessons Compendium Difference Between Biologics and Small Molecules
We'd like to apologize for the numerous sound quality blips in this episode. We are working to isolate and fix the issue. We've done our best to work around the problems and retain the integrity of John's content. In this episode you'll hear Stephen A. Smith on the stupidity of the Trump trial in NYC, Zigs got the latest polls and a possible shift in the RFKJ impact, the other Kennedys weigh in on RFKJ, the new Title IX protections for trans people, what Ron DeSantis would have done about the Title IX changes and we are all paying the price for the DJT sellouts, another ridiculous Philadelphia area school story, the NPR insanity and the insane NPR CEO, Rogan, Carlson and 7 World Trade, the state of gambling in sports and Taylor Swift and the bullying songs on her new album.Become a supporter of this podcast: https://www.spreaker.com/podcast/the-death-of-journalism--5691723/support.
The Twenty Minute VC: Venture Capital | Startup Funding | The Pitch
Christian Hecker is the Founder and CEO of Trade Republic, the company making it easy and inexpensive for everyone with a smartphone to invest. To date, Christian has raised over $1.3BN for the company from the likes of Sequoia, Founders Fund, Accel and Creandum to name a few. Previously, Christian worked in Bank of America Merrill Lynch's Investment Banking department. Johan Brenner is a General Partner at Creandum. Johan has led Creandum's investments in iZettle (acquired by PayPal for $2.2bn in 2018), Trade Republic, Klarna, Pleo, Neo4J, Vivino and more. Johan was previously a repeat entrepreneur, founding one of the first online brokers in Europe in 1997 (sold to E*TRADE in the US), then JobLine (sold to Monster), Bookatable (Michelin) and Tradera (Ebay). In Today's Episode with Christian Hecker and Johan Brenner We Discuss: 1. Selling 75% of Trade Republic for €600,000: How did Christian come to sell 75% of Trade Republic for €600K? How did Johan and Creandum solve this challenge when they invested? What are some of Christian's biggest pieces of advice on cap table construction? 2. Raising $1.3BN From the Best Investors in the World: What are Christian's biggest fundraising lessons from raising $1.3BN from the best in the world? How did Doug Leone and Sequoia come to lead Trade Republic's round? What was the meeting with Doug like? What questions did he ask? How did it go? How important of a skill does Johan believe being a great fundraiser is for founders? 3. Scaling into Europe's Next Decacorn: What are the single biggest issues that arise when scaling so fast? What breaks first? Does CAC increase with time or decrease? Why did Christian decide to stop paid marketing on Google and Facebook and stop spending $100M+ there overnight? Why is Christian so bullish on influencer marketing? What works? What does not work? 4. Europe: A Hub for Innovation or a Retirement Home: Does Christian believe that young people in Europe work hard enough? What are the biggest challenges to scaling teams in Europe? Why does Johan believe the biggest challenge in Europe is the lack of exit markets? What can Europe do to improve and increase our chances of being successful?
Ep.185 features Tariku Shiferaw, a New York based artist who explores mark-making through painting and installation art, addressing issues around space-making within art and societal structures. Select museum exhibitions include The Culture: Hip Hop and Contemporary Art in the 21st Century at Baltimore Museum of Art (2023); You'd Think By Now at Smack Mellon (2022); Men of Change, organized by The Smithsonian Institution, and held at the California African American Museum (CAAM), (2021); Unbound at the Zuckerman Museum of Art (ZMA), (2020); What's Love Got to Do with It? at The Drawing Center (2019); A Poet*hical Wager at the Museum of Contemporary Art Cleveland (2017-2018); and the 2017 Whitney Biennial at the Whitney Museum of American Art, New York. Shiferaw has participated in the Independent Study Program at the Whitney Museum of American Art (2018-2019), in Open Sessions at The Drawing Center (2018-2020) and has been an artist-in-residence at the LES Studio Program in New York City, at the World Trade Center through Silver Art Projects, and at ARCAthens in Greece. Photo credit Christopher Garcia Valle Artist https://www.tarikushiferaw.com/ The Brooklyn Rail (2023) Art in Conversation: Tariku Shiferaw with Charles M. Schultz Artsy (2022) With Spectacular Installations and Abstractions, Artists Redress... NY Times (2022) These Artists' Hunt for Studio Space Ended at The World Trade... The Washington Post (2022) In The Galleries: Connecting Modern Abstraction... LA Times (2022) The Take: The Faces of Frieze... Artsy (2021) The Artsy Vanguard 2021: Tariku Shiferaw Brooklyn Rail (2021) It's a love thang, it's a joy thang Artnet (2021) ‘Joy Can Be an Act of Resistance': Rising-Star Artist Tariku Shiferaw on… Cultured Mag (2021) Five Contemporary Black Artists You Should Know' Art Papers (2020) Tariku Shiferaw Brooklyn Rail (2020) Abstraction in the Black Diaspora Hyperallergic (2020) Black Artists Claim Their Birthright of Abstraction Wallpaper (2020) Five African Artists Demonstrating Creative Resilience in Challenging Times Financial Times (2020) Could the Art World's Experiment with Online Fairs Force A Healthy Rethink? Hyperallergic (2020) What Does It Mean To Exhibit “Black Excellence”? Barron's Penta Magazine (2020) "Contemporary Artists on Art and Society"
Join America's Roundtable (https://americasrt.com/) radio co-hosts Natasha Srdoc and Joel Anand Samy with Ambassador Sam Brownback, Co-Chair of the International Religious Freedom Summit, former U.S. Ambassador at Large for International Religious Freedom (2018-2021), former Governor of Kansas (2011-2018), United States Senator (1996-2011) and Member of Congress (1995–96). Topics of our conversation with Ambassador Sam Brownback include: * recent journey to Israel with former Governor Mike Huckabee and Ambassador Ken Blackwell, * the rise of anti-Semitism in America, * the Iranian threat in the Middle East and beyond, * America's economy, unsustainable growth of the national debt, illegal immigration, * threats to Western Civilization. The conversation also focuses on the state of religious freedom around the world and the forthcoming International Religious Freedom Summit in Washington, DC. In 1986, Sam became the state's youngest Secretary of the Kansas Department of Agriculture. In 1994, he was elected to represent the 2nd Congressional District in the U.S. House of Representatives. He was elected to the U.S. Senate in 1996 where he carried the first comprehensive federal anti-trafficking law. The Trafficking Victims Protection Act of 2000 declared human trafficking a federal crime and increased protection for victims. In the Senate he was a leading advocate for freedom of religious liberty around the globe. Sam worked actively on the issue in multiple countries and was a key sponsor of the International Religious Freedom Act of 1998. He was elected to the U.S. Senate in 1996 where he carried the first comprehensive federal anti-trafficking law. The Trafficking Victims Protection Act of 2000 declared human trafficking a federal crime and increased protection for victims. In the Senate he was a leading advocate for freedom of religious liberty around the globe. Sam worked actively on the issue in multiple countries and was a key sponsor of the International Religious Freedom Act of 1998. Sam honored a term limits pledge and ran for Governor of Kansas in 2010. He became the 46th Governor of the Sunflower State in 2011 and was re-elected in 2014. President Trump nominated Sam to serve as Ambassador at Large for International Religious Freedom in 2017. He resigned as Governor of Kansas on January 31, 2018 and was sworn in to his diplomatic post the next day. He served as Ambassador until January 2021. He currently serves as co-chair of the International Religious Freedom Summit and is a Senior Fellow with Global Christian Relief. He is also chairman of the National Committee for Religious Freedom. americasrt.com (https://americasrt.com/) https://ileaderssummit.org/ | https://jerusalemleaderssummit.com/ America's Roundtable on Apple Podcasts: https://podcasts.apple.com/us/podcast/americas-roundtable/id1518878472 Twitter: @SamuelBrownback @ileaderssummit @AmericasRT @NatashaSrdoc @JoelAnandUSA @supertalk America's Roundtable is co-hosted by Natasha Srdoc and Joel Anand Samy, co-founders of International Leaders Summit and the Jerusalem Leaders Summit. America's Roundtable (https://americasrt.com/) radio program - a strategic initiative of International Leaders Summit, focuses on America's economy, healthcare reform, rule of law, security and trade, and its strategic partnership with rule of law nations around the world. The radio program features high-ranking US administration officials, cabinet members, members of Congress, state government officials, distinguished diplomats, business and media leaders and influential thinkers from around the world. Tune into America's Roundtable Radio program from Washington, DC via live streaming on Saturday mornings via 65 radio stations at 7:30 A.M. (ET) on Lanser Broadcasting Corporation covering the Michigan and the Midwest market, and at 7:30 A.M. (CT) on SuperTalk Mississippi — SuperTalk.FM reaching listeners in every county within the State of Mississippi, and neighboring states in the South including Alabama, Arkansas, Louisiana and Tennessee. Listen to America's Roundtable on digital platforms including Apple Podcasts, Spotify, Amazon, Google and other key online platforms. Listen live, Saturdays at 7:30 A.M. (CT) on SuperTalk | https://www.supertalk.fm
Join America's Roundtable (https://americasrt.com/) radio co-hosts Natasha Srdoc and Joel Anand Samy with former Arkansas Governor Mike Huckabee as they focus on Israel, the Middle East, the Abraham Accords, Iranian proxies attacking US Navy vessels and American bases, and the need for a strong US leadership in foreign policy. Topics of our conversation with Governor Huckabee include: ⏤ Gov. Huckabee's most recent visit to Israel and spending time in the areas attacked by Iran-backed Hamas terrorist group. He met with families of hostages who are awaiting the release of loved ones. ⏤Gov. Huckabee's meeting with Israel's PM Benjamin Netanyahu. ⏤Iran's proxies target US military bases and a growing number of weapons fired by Houthi forces in Yemen targeting U.S. Navy vessels and commercial ships in the Red Sea may adversely impact international trade through one of the busiest sea routes in the world. ⏤ The rise of anti-Semitism in America and specifically on college campuses, and the recent resignation of Harvard President Claudine Gay. americasrt.com (https://americasrt.com/) https://ileaderssummit.org/ | https://jerusalemleaderssummit.com/ America's Roundtable on Apple Podcasts: https://podcasts.apple.com/us/podcast/americas-roundtable/id1518878472 Twitter: @GovMikeHuckabee @ileaderssummit @AmericasRT @NatashaSrdoc @JoelAnandUSA @supertalk America's Roundtable is co-hosted by Natasha Srdoc and Joel Anand Samy, co-founders of International Leaders Summit and the Jerusalem Leaders Summit. America's Roundtable (https://americasrt.com/) radio program - a strategic initiative of International Leaders Summit, focuses on America's economy, healthcare reform, rule of law, security and trade, and its strategic partnership with rule of law nations around the world. The radio program features high-ranking US administration officials, cabinet members, members of Congress, state government officials, distinguished diplomats, business and media leaders and influential thinkers from around the world. Tune into America's Roundtable Radio program from Washington, DC via live streaming on Saturday mornings via 65 radio stations at 7:30 A.M. (ET) on Lanser Broadcasting Corporation covering the Michigan and the Midwest market, and at 7:30 A.M. (CT) on SuperTalk Mississippi — SuperTalk.FM reaching listeners in every county within the State of Mississippi, and neighboring states in the South including Alabama, Arkansas, Louisiana and Tennessee. Listen to America's Roundtable on digital platforms including Apple Podcasts, Spotify, Amazon, Google and other key online platforms. Listen live, Saturdays at 7:30 A.M. (CT) on SuperTalk | https://www.supertalk.fm
Join America's Roundtable (https://americasrt.com/) radio co-hosts Natasha Srdoc and Joel Anand Samy with former Arkansas Governor Mike Huckabee to focus on the key issues impacting America and our trusted allies around the world. Topics of our conversation with Governor Huckabee include: ⏤ Gov. Huckabee's most recent visit to Israel and spending time in the areas attacked by Iran-backed Hamas terrorist group. He met with families of hostages who are awaiting the release of loved ones. ⏤Gov. Huckabee's meeting with Israel's PM Benjamin Netanyahu. ⏤Iran's proxies target US military bases and a growing number of weapons fired by Houthi forces in Yemen targeting U.S. Navy vessels and commercial ships in the Red Sea may adversely impact international trade through one of the busiest sea routes in the world. ⏤ The rise of anti-Semitism in America and specifically on college campuses, and the recent resignation of Harvard President Claudine Gay. ⏤ The Year 2024 as Americans gear up for U.S. Presidential election season with a focus on the Republican primary race. americasrt.com (https://americasrt.com/) https://ileaderssummit.org/ | https://jerusalemleaderssummit.com/ America's Roundtable on Apple Podcasts: https://podcasts.apple.com/us/podcast/americas-roundtable/id1518878472 Twitter: @GovMikeHuckabee @ileaderssummit @AmericasRT @NatashaSrdoc @JoelAnandUSA @supertalk America's Roundtable is co-hosted by Natasha Srdoc and Joel Anand Samy, co-founders of International Leaders Summit and the Jerusalem Leaders Summit. America's Roundtable (https://americasrt.com/) radio program - a strategic initiative of International Leaders Summit, focuses on America's economy, healthcare reform, rule of law, security and trade, and its strategic partnership with rule of law nations around the world. The radio program features high-ranking US administration officials, cabinet members, members of Congress, state government officials, distinguished diplomats, business and media leaders and influential thinkers from around the world. Tune into America's Roundtable Radio program from Washington, DC via live streaming on Saturday mornings via 65 radio stations at 7:30 A.M. (ET) on Lanser Broadcasting Corporation covering the Michigan and the Midwest market, and at 7:30 A.M. (CT) on SuperTalk Mississippi — SuperTalk.FM reaching listeners in every county within the State of Mississippi, and neighboring states in the South including Alabama, Arkansas, Louisiana and Tennessee. Listen to America's Roundtable on digital platforms including Apple Podcasts, Spotify, Amazon, Google and other key online platforms. Listen live, Saturdays at 7:30 A.M. (CT) on SuperTalk | https://www.supertalk.fm
Our guest on this week's episode is Jason Schenker, president of Prestige Economics & chairman of The Futurist Institute. He is a well-known economist who regularly focuses on supply chains and creates forecasts and economic outlooks for the industry. 2023 was a rough year for most aspects of the supply chain economy. Schenker shares the economic issues that caused supply chain problems during the past year and what issues will affect supply chains in 2024. We are now past the holiday peak season and we know what that means for retailers – we've now moved into the returns season. This year, retailers are figuring out how to differentiate between legitimate consumer returns and those who use returns to conduct fraud.The new year often signals a new round of industry awards and accolades. This year is no different, as many trade associations prepare to recognize industry professionals for their many achievements. The Women in Trucking Association has been out front on this issue, announcing over the past couple of weeks plans to honor women truck drivers and logistics leaders with two separate awards this spring. We provide details on how you can nominate deserving supply chain professionals.CSCMP's Supply Chain Quarterly also offers a podcast series called Supply Chain in the Fast Lane. It is co-produced with the Council of Supply Chain Management Professionals. Go to your favorite podcast platform to subscribe and to listen to past and future episodes.Articles and resources mentioned in this episode:Prestige EconomicsRetailers chip away at online return rate, but fraud continues to growWomen In Trucking to honor drivers and logistics leadersWomen In TruckingGet episode transcriptsVisit Supply Chain QuarterlyListen to CSCMP and Supply Chain Quarterly's Supply Chain in the Fast Lane podcastSend feedback about this podcast to podcast@dcvelocity.comPodcast is sponsored by: ApteanOther linksAbout DC VELOCITYSubscribe to DC VELOCITYSign up for our FREE newslettersAdvertise with DC VELOCITYTop 10 Supply Chain Management Podcasts
Deliberate Disruption of Trade https://www.audacy.com/989wordThe Tara Show Follow us on Social MediaJoin our Live StreamWeekdays - 6am to 10am Facebook: https://www.facebook.com/989wordRumble: https://rumble.com/c/c-2031096X: https://twitter.com/989wordInstagram: https://www.instagram.com/989word/ "Red Meat, Greenville." 12/19/23
Biden America | Actions vs Words https://www.audacy.com/989wordThe Tara Show Follow us on Social MediaJoin our Live StreamWeekdays - 6am to 10am Facebook: https://www.facebook.com/989wordRumble: https://rumble.com/c/c-2031096X: https://twitter.com/989wordInstagram: https://www.instagram.com/989word/ "Red Meat, Greenville." 12/19/23
“World War Trade with Tara and Lee” “Biden Chaos around the World” “Stupid ways not to Die” “Obama's America” https://www.audacy.com/989wordThe Tara Show Follow us on Social MediaJoin our Live StreamWeekdays - 6am to 10am Facebook: https://www.facebook.com/989wordRumble: https://rumble.com/c/c-2031096X: https://twitter.com/989wordInstagram: https://www.instagram.com/989word/ "Red Meat, Greenville." 12/19/23
Before we jump into today's show, I wanted to give listeners a heads up that today is the last AnthroDish episode for 2023, but we will be returning with more episodes this season on Tuesday, January 9th so be sure to tune back in this new year! Today we're exploring a topic that I personally find sometimes quite challenging to access and fully understand the nuances of: international food policy. Discussions about international food regimes are critical for understanding how broad choices trickle down to local economies, though often we default to looking at global issues in isolation, rather than thinking about how trade, intellectual property rights, human rights, and many other aspects inform food policy. What happens when we address them in tandem to address global problems around food – and which world trade rules are shaped by certain organizations for food security efforts? My guest this week is Dr. Matias Margulis, who is an Associate Professor in the School of Public Policy and Global Affairs and Faculty of Land and Food Systems at the University of British Columbia. His research and teaching interests are in global governance, development, human rights, international law and food policy. In addition to his academic research, Matias has extensive professional experience in the field of international policymaking and is a former Canadian representative to the World Trade Organization (WTO), Organization for Economic Cooperation and Development (OECD) and UN Food and Agriculture Organization (FAO). He has also advised the UN Special Rapporteur on the Right to Food and the Scottish Parliament and consulted for international NGOs and the Brookings Institution. Matias discusses his most recent book with me today, Shadow Negotiators: How UN Organizations Shape the Rules of World Trade for Food Security, where he unpacks how UN organizations chose to intervene in trade law making due to concerns about how specific trade rules could have negative consequences for world food securities. He unpacks the complexity of international organizations, their roles, and the limitations or exercises of power in their representations of international communities. Learn more about Dr. Matias: Shadow Negotiators Book: https://www.sup.org/books/title/?id=35559 Matias's Homepage: https://sppga.ubc.ca/profile/matias-margulis/
This week's Prog-Watch is a themed special all about Windows and Doors, with tons of tasty tunes by Kansas, Magnum, Great Pacific Orchestra, Gardening Club Project, Jakko Jakszyk, Rewiring Genesis, K2, the Moody Blues, Mostly Autumn, World Trade, GPS, Pilot, Tony Lowe and Alison Fleming, Zebra, John Entwistle, Pete Townshend, Steeleye Span, and Panic Room!
Described as "the most glamorous civic building to land in New York in years," the Perelman Performing Arts Center recently opened its doors downtown in the World Trade area. We'll hear about the vision of the building, two decades after 9/11 and the inaugural arts season from artistic director Bill Rauch and executive director Khady Kamara.
Cotton is a commodity that is familiar to all of us. However, the market for cotton is not. How and where is it produced and traded? How is the cotton market being impacted by de-globalization, digitization and the energy transition? Who are the players and what can the cotton market tell us about the broader economic cycle? Our guest is Crawford Tatum, veteran cotton trader at some of the largest houses and now Director of Economic Research and Market Risk at the Staple Cotton Cooperative Association. HC Group is a search firm dedicated to the energy & commodities commodities sector with 8 offices around the world. For more information visit www.hcgroup.global
The World Trade organisation has halved its estimate for global exports growth this year - from 1.7% to just 0.8%. Ngozi Okonjo-Iweala, WTO director-general, said the projected slowdown was “cause for concern, because of the adverse implications for the living standards of people around the world”.
This episode I speak with former NYPD Officer/Detective and later ATF agent Peter Forcelli. Forcelli had a storied career and shared many of his experiences with me. Peter was at the World Trade center on 9/11 and shares what happened. Forcelli was one of the fast and furious whistleblowers and shares the tale. It's pretty wild, and disappointing at the same time. Later Forcelli shares how he stumbled into cases of wrongful convictions and helping those folks out of jail. Even a case that he was involved in arresting the wrong person. Forcelli has amazing insight and wisdom. I enjoyed speaking with him. Check out his book for Pre Order. https://www.amazon.com/Deadly-Path-Operation-Furious-Lawyers/dp/B0CCMMQKCQ Please support our sponsors who make this podcast possible. Sunday podcasts are brought to you by my friends over at OfficerPrivacy.com OfficerPrivacy has software that allows you to quickly remove your personal information from the internet. Use their software FREE for 14 days. Or their team of LEO's will remove your info for you. Sign up and feel safe again. https://www.thethinlinerockstation.com/ PMPM coins - www.ghostpatch.com PMPM Merch - https://poorly-made-police-memes.creator-spring.com/? ttps://linktr.ee/Poorlymadepolicememes --- Support this podcast: https://podcasters.spotify.com/pod/show/poorly-made-police-memes/support
In this enlightening episode of Tech Talks Daily, I sit down with Thorsten Neumann from SC Ventures, the innovation engine behind Standard Chartered Bank. As the force overseeing technology at SC Ventures, Thorsten plays a pivotal role in seeking out disruptive business models and state-of-the-art technologies that are reshaping the financial services sector. Throughout our discussion, we delve deep into the multifaceted roles of SC Ventures, ranging from investment to incubation, and highlight the symbiotic relationship with startups that fuels groundbreaking innovation and sharpens investment decisions. We also unpack the strategy behind the identification of game-changing business paradigms, focusing on a quintet of defining themes such as the burgeoning online economy, the role of digital assets, the future of SME and World Trade, and the imperative of sustainability and inclusivity. With the VC landscape itself on the cusp of change, we discuss the ascent of technologies like blockchain, AI, and the tantalizing potential of quantum computing. Thorsten shares invaluable insights into the synergy between the bank's broader strategies and its portfolio of innovative companies, illustrating with the success story of TASKNAK, a supply chain financing platform. Thorsten also underscores the bank's ambitious vision to harness its global footprint and the power of AI to shape its future trajectory. Finally, we reflect on the indispensable role of AI infrastructure in propelling businesses forward and extend heartfelt appreciation to the SC Ventures leadership and the wider community of technologists and partners for their unwavering support. Tune in to understand the delicate art of juggling the roles of venture capitalist and venture builder, and to explore how SC Ventures is not only amplifying the bank's ambitions but also creating a ripple effect in the fintech realm, delivering solutions that redefine traditional banking.
Alex Golden and Michael J. Facci are back and they breakdown the trade that landed the Pacers, Obi Toppin, from the New York Knicks! 1). Initial thoughts on the trade reported by the non-Woj source. 2). Thoughts on piecing the puzzle pieces together, then Woj's tweet. 3). How does Obi Toppin fit in with this team? 4). Obi Toppin's numbers as a starter in New York. 5). Will Obi Toppin be a starter!? 6). How does Obi's arrival impact other players on the roster? 7). This is Obi's final year before he hits RFA. What type of deal/extension would you guess he gets? 8). Grade the trade and share final thoughts. Learn more about your ad choices. Visit podcastchoices.com/adchoices
A lot has happened since we last spoke to Brad Setser in April 2020, towards the beginning of the Covid-19 pandemic. For a start, Setser was appointed to be a trade advisor in the Biden administration during a period of immense disruption. There was lots of talk about a potential reshuffling of the way the global economy works, and things like nearshoring and deglobalization. But some big predictions for the way world trade will function haven't come to fruition. For instance, the US is still running a current account deficit and China is still running a current account surplus. So in this episode, Setser returns to discuss what has and hasn't changed in global trade in the last three years. He's left the Biden administration and returned to the Council on Foreign Relations, where he's a senior fellow. He talks about everything from the US-China trade imbalance to the impact of sanctions on the world economy to China's electric vehicle and plane production, plus the future of the dollar.See omnystudio.com/listener for privacy information.