Hi everyone, Joe for Jasper's casebreaks.com with a dual case break of 2020, 2021 hip rate basketball. This is Platinum Edition. I think limited edition might be the base version. Then it's Platinum, then Sapphire, something like that. Anyway, it's a pretty good version. Two cases of Platinum Edition, series 51, 20 boxes. Big thanks to everybody here for getting in on the action. Appreciate it. And all 30 basketball teams are in. Let's roll it, let's randomize. Names and teams four and a five, nine times for names and teams. One, two, three, four, five, six, seven, eight. And good luck, ninth and final time. PJ down to Bennett after nine, four and a five, nine times for the NBA teams. One, two, three, four, five, six, seven, eight. And good luck, ninth and final time. We've got the Pistons all the way down to the Celtics after nine. All right, PJ with the Pistons, Louis with the Sons and the Knicks, Robert with the Spurs, Rex with the Mavs, Louis with the Jazz, the Heat and the Timberwolves, Peter with the Bucks, Robert with the Trailblazers, Roy with the Warriors, Bennett. You got the Rockets, PJ with the Bulls, Louis with the Hornets, Paul with the Raptors, Robert with the Pacers, Alder with the Wizards, Louis with the Magic and my Lakers. PJ with the Pelican to the Nets, Keim with the Sixers, Louis with the Hawks, Simon with the Thunder, Robert with the Nuggets, Louis with the Grizz, Keim with the Cavs, Rody with the Clippers, Roy with the Kings and Bennett with the Boston Celtics. That's right, Rex, you got the Mavs. Luka Donchich possibilities. Could be a really great break for you, man. All right, we're gonna pause the video when we come back. We're gonna see if there's any trades and then we'll have the break. Stick around, BRB. All right, welcome back, folks. A little bit of trade chatter, but in the end, no deals were done here on Wednesday the 15th. Hit parade basketball. Some pretty, should be some pretty good stuff in here. Hit parade does a good job. So let's see what we got. We're doing both cases. It's a two case break. Here's the first one, six out of 10 and then we got one out of 10 over there. Both series 51. Series 51, I'm sure we'll get some out of the world hits out of here. Share your hits with the good people at Hit Parade, if you'd like. All right, first one out of the gate is gonna be for the Jazz. It's Carl Malone, Origins autograph. Not numbered, but pretty cool, Louis with the Jazz with the old school Carl Malone. Jerry Shack, what's going on? I know Rex. It's pretty good, right? And there is Golden State, 42 out of 49. That's Clay Thompson, nice gala basketball with a piece of film right there, picture, which I think is pretty cool. Camera can't even focus on it, so nice. That's for Golden State. That's gonna be for Roy. All right, so I guess you've received an entry into the Roberto Clemente signed check giveaway. So we'll send that to whoever gets this. That'll be for the Thunder, Private Signings, Alexi Pokusevsky.  We'll send you that card too. Maybe you'll get yourself a Roberto Clemente. Let us know if you win it. Next up is Kawhi Leonard from National Treasures Basketball. 10 out of 49, Night Moves, Jersey and Otto. That is 2013-14, NT Basketball. Spurs, that's gonna go to Robert. Is that his rookie? That's close to his rookie year, I wanna say. All right, next up is, is for the Lakers, Die Cut and Autograph, Magic Johnson from Innovation Basketball. 17 out of 25, Lakers. That'll be for Lou and the Lakers. Yeah, Oliver's saying that Kawhi is a cell sheet hit. That must be his rookie year. I don't remember off the top of my head. Kinda blur. Second year Kawhi. All right, thanks Oliver. Still nice. All right, next up is, is KG. Hands off the glass, KG. Three out of 25, Kevin Garnett, NBA Greats, Timberwolves Edition. That'll be for Louie and the T-Wolves. Is Anthony Davis, Pelicans Edition from Revolution Basketball. From 1718 Revolution. Pelz, PJ with the Pelz. Bobby Dalbeck, nice ground rule double. Maybe dust off your Bobby Dalbecks. I just saw on the stats here, last 17 games or so. He's hitting over 300. Has eight home runs, 20 RBI's. Just got another RBI and another in a double. So he's locked in right now. We got scripted, Nikola Jokic from Encased Hoops, 12 out of 49. Denver, that's gonna be for Rob, Robert Flores. Oh, maybe no RBI, oh, because he was on first. Next, we've got, got Dominique Wilkins, 16 out of 25 for the ATL. Louie with the Hawks. And the last one. Next one is Emmanuel Quickly, 48 out of 49. Nice acetate, autograph. Going to Louie and the Knicks. Nice welcome from Korea, Annyeong. All right, no, no bucks yet, Peter, but we do have another case to go. But wait, yeah, exactly Rex, but wait, there's more. It's like a good infomercial. If you thought one case was enough, how about two? Well, play to the whistle, Brody. We're not, we're only halfway through this break. Now start worrying, maybe around here. Is where you start worrying. Right now, you got a R-E-L-A-X. For the Pistons, Sadik Bate. 65 out of 75, Jersey and autograph. Detroit, PJ with the Pistons. Next up is, for Sacramento, clutch factor, Jersey and autograph. One out of 99, a Fox in the Box, De'Aaron Fox. What are you talking about? Rex saying no big names in that one, except for Anthony Davis. What are you talking about? That was some great names there. Quickly, Dominique Wilkins, Yochich. You got the Davis, the KG, the Magic Johnson, the second year, Kauai, the Clay, the Carmelone. Rex doesn't know basketball too well. Well, we'll have to forgive him for that. Nice De'Aaron Fox from NT, Sacramento, Roy. And then we've got a Kira Lewis Jr. Three color patch and autograph out of select. I like that pulsar design back there. Eight out of 30, PJ with the Pels. Yeah, Rex saying not a basketball guy. Why were you commenting as if you knew basketball, Rex? Come on, man. Just sit back, enjoy the ride. Prism, basketball, Larry Bird, sensational signatures. Bennett, Last Bot Mojo strikes again 70% of the time. Last Bot Mojo hits 100% of the time. All right, next is, oh, nice patch, nice autograph. A Wild Cat has appeared. Carl Anthony Towns, K-A-T Cat, 38 out of 40, from Noir Basketball. You know what, ladies and gentlemen, we do have some Noir on the site that's been marinating for a little bit. Jaspy'scasewrakes.com, go check it out. We're trying, Peter. You're not the only one that needs hits. Although we are getting towards the end now, so maybe it is time for people to start thinking about hits here. All right, good luck, Peter, everybody. We've got a graded card, Donovan Mitchell, 8-5-10. Rookie, Donovan Mitchell, from Contender's Optic Basketball. That's nice. Utah Jazz, Louis. All right, next one is the Bulls, The Worm, Dennis Rodman. All-time greats, 14 out of 49. On-card autograph out of Immaculate, that'll be for PJ and the Chicago Bulls. Next up, Anthony Davis, time Lakers edition, Fast Break Autograph. That's for Louie and the Lakers. Stay healthy this year, Anthony Davis. Two left, fingers crossed. Good luck, everybody. Thanks for getting in on this. Final two, but all it takes is one in a break like this. All right, we've got Jamal Murray, nice. Three-color Jersey and Autograph tie-dye refractor, Jamal Murray, nine out of 25 for Denver. That'll be for Robert. Love the tie-dye look in Select. Last box, fingers crossed, everybody. Thanks for getting in. Good luck, good luck, good luck. Last one is gonna be for the Knicks. It's Obi Toppin', rookie auto refractor from Select. That is Louie with the Knicks. That is 210 out of 249. Knicks look really good last season. Hopefully they keep it going. That would be hashtag good for the hobby. I'm Joe for Jasper's casebreaks.com. We'll see you next time for the next break. Bye-bye.


Section 8 of the Book of Isis, Ice Beverages, Ice Creams, and Isis. This is a LibriVox recording. LibriVox recordings are in the public domain. For more information or to volunteer, please visit LibriVox.org. Recording by Betty B. The Book of Isis, Ice Beverages, Ice Creams, and Isis by Mrs. H. Llewellyn-Williams. Ice making and ice keeping As there are occasions when ice is wanted, at any cost, for the sake of health or luxury, various machines for making it have been constructed. But for the most part, they are for production on a large scale and beyond the needs and means of the family. But as the crude chemicals used for freezing mixtures, refrigerants or frigorifics can usually be obtained at a reasonable cost. Wherever there is a drug, the recipes for a number of these substitutes for ice are here given. The apparatus they require is simple and usually in the house already. Freezing mixtures Great care must be exercised in the handling of these compounds into which acids and caustics enter and which sometimes send out fumes hurtful to breathe. When, however, the noxious hydrochloric acid is in union with sulfate of soda, the odor is killed by it. At the same time, with care and a reasonable amount of intelligence, fortunately abounding in the American housewife, the great good derived amply compensates for any slight trouble. The production of cold in this way is easily explained. Solid bodies cannot pass into a liquid form without absorbing heat from the substances with which they come into contact. The names in chemistry are given, but they need not alarm any lay reader as they are simple salts and common acids. But these names are used by drugists and are generally understood by the workmen handling them. Recipes All parts by weight A. Six parts of sulfate of soda Glober salts Four hydrochlorate of ammonia Two hydrochlorate of potash And four of nitric acid This will lower the temperature more than 30 degrees B. Five parts hydrochlorate of ammonia Five nitrate of potash And ten of water Making about the temperature of the common ice cream freezing mixtures of salt and ice C. Five parts of hydrochlorate of ammonia Five nitrate of potash Eight sulfate of soda and sixteen water D. Nitrate of ammonia and water equal parts E. Sulfate of soda Glober salts and diluted nitric acid Three to two parts F. Six parts sulfate of soda Four hydrochlorate of ammonia Two nitrate of potash And four diluted nitric acid G. Six parts sulfate of soda Five nitrate of ammonia Four diluted nitric acid H. Nine parts phosphate of soda And four diluted nitric acid I. Nine parts phosphate of soda Six nitrate of ammonia Four diluted nitric acid K. Eight parts sulfate of soda And five hydrochloric acid L. Five parts sulfate of soda And four diluted sulfuric acid M. Five phosphate of soda Three nitrate of ammonia Four diluted nitric acid N. 57 parts hydrochlorate of potash 33 of ammonia Ten of soda Making 100 parts Shake briskly in four parts of water And the temperature will drop from 20 degrees above zero To five below A saline mixture in the same proportions Will produce the same effect Ice with chemicals For excessive cold Besides obtaining a coldness valuable for the confectioner And family With plain chemical compounds as shown These again may be mixed with snow Or pounded ice to increase their natural coldness The salts that liquefy and various acids Are used as follows And the list is arranged to show the amount of cold Attained The least powerful refrigerants being first given And that producing the maximum amount of cold At the last A snow or pounded ice And diluted sulfuric acid Four to five parts This lowers the temperature nearly ten degrees B the same in the proportion of three To two parts A little colder C the ordinary ice cream freezing mixture Equal parts of common salt Hydrochlorate of sodium And snow or ice Some put a quart of salt to the ice To fill the outer vessel of a five or six quart freezer D snow and diluted nitric acid Equal parts Or E snow and diluted sulfuric acid Three to two parts Either lowers twenty degrees F snow and hydrochlorate of lime In crystals one to three parts G Snow eight parts diluted sulfuric acid Three diluted nitric acid five H snow five parts And hydrochlorate of soda And hydrochlorate of ammonia Each one part I if you will mix the compound of two parts Snow to three of hydrochlorate of lime With that of seven parts of snow To four nitric acid At the same temperature The cold will be intensified K Snow twenty four parts Hydrochlorate of soda ten Hydrochlorate of ammonia five Nitrate of potash five L Snow and hydrochloric acid Eight to five parts M Snow and diluted nitric acid Seven to four parts N Snow and hydrochlorate of lime Four to three parts O The same with proportions reversed I e three to four parts Is somewhat colder P Snow and hydrochlorate of lime in crystals Four to five parts Q Sulfate of soda six parts Hydrochlorate of ammonia four Hydrochlorate of potash two And nitric acid four R Snow and hydrochlorate of lime in crystals Two to three parts S Snow and potash three to four parts The same result T Mix the mixture R I e two parts snow To three of hydrochlorate of lime With one made of one part snow And two of the hydrochlorate of lime And the cold will be twice as great U Eight parts of snow And ten weakened sulfuric acid And the maximum of low temperature will be reached 33 degrees below zero For such refrigerants Family chemical freezer The simple apparatus is for the use Of the freezing mixtures described It consists of an interior case Of tin or other metal For the water ice or ice cream Composition to be frozen And an outer case also of metal Say tin for the freezing mixture Which will surround the former case The hole is wrapped round with an old Blanket, rug, carpet, or woolen cloth The larger the inner vessel in circumference The more surface is exposed to the freezing action And the quicker the result Every 15 or 20 minutes The freezing mixture should be renewed But the congelation will be completed in 40 minutes Note, work in a cool place Have the freezing compound in the ice cream Composition cooled Every time the renewal of the freezing mixture Is made, plunge the inner vessel Into a temporary container Filled with the excess of the freezing mixture Left from the previous operation This same waste will continue For a long time, chilly enough To cool wine or water In bottles and decanters, immersed Ice from sulfuric acid You will need an oak box Measuring inside 14 and 1 quarter inches in length 3 and 1 quarter in width And 6 and 1 quarter in height 2 tin boxes alike rectangular But 1 and 1 fourth inches only in length 1 inch wide and 7 inches high The wooden case is to hold the freezing mixture The metal ones the water to be converted into ice This freezing mixture is composed of 7 parts Of sulfuric acid to 5 parts of water Both by weight When the mixture is made There will be a remarkable escape of heat Temperature of the liquor will rise considerably Consequently the water must be poured upon the acid Or the acid put into the water As the case may be with a slow and steady movement A strong earthenware vessel Which will not break must be used When the temperature cools down To that of the air around The mixture is ready for use Operations Having put the quantity of 1 and 1 half pounds Of the liquor into the wooden case You should instantly add 4 pounds Of sulfate of soda Glauber's salts Stir all with a stick And plunge into it the 2 tin boxes Ready filled with pure water Place the 2 boxes so that they will not quite touch The inside of the case And then the acid and salt mixture Can freely circulate around them The effect is that of a lowering Of the temperature by 13 or more degrees In 10 minutes time The water in the tin boxes will begin to be agitated And icicles will form soon on the inside 15 minutes afterwards The water in the boxes and the freezing mixture Will be at the same temperature And then the latter will no longer be useful For continuing the operation A quantity of the fresh mixture Must fill the case again And the tin boxes be once more put in it The icy particles will soon enlarge And cling to the inner side From which they must be carefully But easily knocked off By pressing the metal sides in a little This will go directly into contact With the metal and receive the chill straight This act is of the utmost importance For the success of the operation Depends almost entirely upon it Generally before the end of 50 minutes The water will be frozen If not, which is contrary to the natural result A third bath must be made Of the work gone over with as twice before Each of the tin boxes will then contain A brick of ice, solid and most pure Weighing about a pound and a half General remarks In the summertime it will be better To prepare the mixture in a cellar Where the constant temperature is low Use water drawn from a cool well And store the acid and sulfate of soda In the same cellar beforehand The several stages of the work The process of the operation As drops of the freezing compound Should not fly upon the clothes And must not touch the face They would burn them One drop of this diluted sulfuric acid Remember, entering the eyes Would be almost deadly See that the sulfate of soda is sound And without effervescence As this spent it would have no strength And the work would fail To preserve the ice transiently Wrap in a blanket or pack in straw In the smallest place you can find To make ice at any time in quantity Mix five pounds of sulfate of soda And four pounds of sulfuric acid In a cask and plunge into it at once A metal or earthen vessel full of water Two other like quantities of the mixture Are to be ready for the renewal of the bath By which repetition the water will be frozen If a larger quantity were used The congliation would take place immediately Four, with the amount stated The barrel and the vessel contribute Some of their heat to the liquor The cold is due to the heat in the water Being absorbed by the sulfate of soda On its uniting with the sulfuric acid And liquefying The waste can be soaked up by soda And the whole evaporated Till a thin crust is left Which is sulfate of soda for use next time When it dries in masses, you must powder it Ice houses An ice house is one in which ice is stored in winter To be used in summer And where perishable edibles are preserved And butter and milk prevented from spoiling When the ground is suitable Its construction is not costly It should be wholesome and dam-free Always comprising air of a temperature At which ice will not melt Shut off from communication with the outer air Even when entered to take out The ice or edibles needed for daily consumption And yet ventilated and aerated with dry air In Europe, reliance is placed upon strong, thick-walled buildings Usually on shaded sites And our old-fashioned farmers Still choose caves in hillsides Or in dark glens Where spring water runs convenient For cooling the ice house Neither the solid building nor the cold water Is indispensable It has been found, too, that it was a mistake To try to make the room air tight As that heated the air closely enclosed And the ice became softened into snow on the surface If the pit containing the pile of ice Or snow were too deep Another fault was committed As the earth is warmer The lower one penetrates And again the ice was exposed to the thaw Natural ice house is a dry cavern shaded And yet with the underbrush so cleared out From among the trees as to allow circulation of air Man imitates this arrangement by building Of massive stone blocks, a cell or chamber With as few breaks as possible Balting it over and covering the roof with clay And that with earth, which is sodded A plantation of trees ensures the desired shade These trees, as well by their leaves as by their roots Keep down the temperature If a ditch, more or less, surrounds the ice house It must be well-clayed to prevent any leakage And the water should always run to keep up the coolness The freshly laid masonry must be completely dried Before the ice is put in The least moisture anywhere falls in vapor upon the ice If there are no air holes and no draft The less melting, the less necessity Of having a drainage pit and wastewater channel Either snow or ice or a mixture of both Can be packed away in the house Or the storage choose fine clear weather in the winter But not so cold as to make the shoveling of the snow difficult In any case, the idea is to have the heap As compact as possible Packing and filling In an ice house of the foreign pattern Erect a trellis work of wooden crossbars at the back Or use a kind of coarse crate Of the shape of the chamber but smaller So as to have an interval all around it Above and below to be filled in with non-conductive matter In an American ice silo Have an open work wooden frame for the pile of ice To be built upon The idea is to have the ladder isolated Begin by placing on the impermeable floor Of clay, stone, pounded charcoal or the like A compressed layer of reeds Fine cane rushes or straw On which stand the crate or cage for the ice If you thus prefer building up Whatever the defense The ice must not touch the sides, bottom or roof anywhere Proceed to pack on the straw a layer of ice or snow Where snow can be obtained from Mountain summit gorges Or where it falls a few times in winter And can be saved in ice houses before it melts Or snow and ice If ice it is to be broken up into egg size pieces With the mallet so as to pack most closely If snow it must be compressed tightly If snow and ice press the former into the interstices Of the lumps The object is to avoid any holes or seams And by soaking the snow with water And showering water on the ice So that it will freeze The hole will be united Having made one layer, trim the edges square And lay another lot in the same way When these layers reach a sensible height Pack in the straw or other non-conducting material All around, trampling or beating well down Thus continue until your top layer Reaches within two feet of the roof And is at the top of the crate Then pack in all around Level and cover with straw to the top With just enough room to shove in some heavy planks To keep all firm If your pile of ice is simply in a pit As an ice silo, these planks will be the roof They need only to be laid on so as to keep off rain And not fixed into grooves or fasten strongly Large stones upon them will prevent the wind Dislodging them Some make a peaked plank roof or a straw one If properly made, ice houses will keep their contents Without appreciable loss right into summer And the solid mass will have to be cut off as wanted End of Section 8 End of The Book of Isis, Ice Beverages, Ice Creams and Isis by Mrs. H. Llewellyn-Williams


One of the most common questions I get asked is, you know, how do I start day trading? So what me and my mentor about it for our viewers on YouTube is create a free mentorship course that reveals our 12 secrets that every single brand new day trader should know before they get started. But please take note that there is limited seating every single week. So please reserve your spot at myinvestingclub.co. Link is in the description. All right, enjoy the video guys. Sorry we missed last week. Had a bit of stuff that I had to do. Had to handle, get into control. Still not under control, but to working control, to working chaos.  So today's topic is like I said a minute ago and you guys weren't here for this because we just started recording, but we were gonna talk about today the topic that I said I would never talk about because I'm simply, I'm just not the guy to talk about this in an educated fashion because it's not something that I do often. But I have gotten a lot of questions about it and people want to know. And so today we're gonna bring on the man behind the scenes of the options basics videos in the library. Mr. AK Wildlife, Mr. Mr. John, Mr. John. And we're gonna bring him on to talk about selling premium. In terms of big key levels, 3,000, 2,800, right? All those are big key levels and now 3,200, right? We got the 3,200 test. We didn't test it to the penny, but when you're looking at this in terms of technical analysis, I mean, these are pretty much my levels that I'm watching, right? I think I said this today. I was like, I wanna see the spy hold 340. So in the SBX it's 3,400. I really wanted to see that. The resistance that happened was simply due to the catalyst, okay? There was no technical reason for the pullback, okay? Every single short was underwater and getting raped, royally raped every second. I mean, there was several candles where we just literally melt up. Like we're just like, just skipping dimes, skipping dollars really, giving 50 cents at the time, like it's nothing. And then tweet, all of a sudden the tweet validates the short thesis. No, no, no, that's not how this works, okay? That's not how this works. There is no technical reason for anybody to short a breakout of 3,400. Yeah, I think it's gonna be a false breakout. Okay, okay, all right, all right, I don't believe that. I don't believe that, okay? I don't believe that. I think if you're shorting here, you're stubborn, okay? You're stubborn, you're stubborn. You don't wanna stop out.   Let me make my money, remember? Now, I would like to see it survive, to be honest with you, for the sake of all of us. I do not want to go into a recession. And for those of you that I just said, I don't wanna go into a recession, yeah. That's not a recession, okay? That's not a recession. Why do I say it's not a recession? Because for one, housing and lending has not slowed down at all, okay? Not at all. Housing values have not slowed down. People were saying here, right? People were saying here in March, I was saying housing is not dropping. Housing market is not dropping, prices are not dropping. They're like, don't worry, give it time, okay? Well, that's six months ago. Housing is still not dropped. Residential housing is still not dropped. Commercial has because a lot of businesses, a lot of small businesses have been going out. And so there's a lot of supply in terms of commercial supply. There's a lot of commercial supply, but residential, people are not losing their homes yet, yet, yet, right?  Nobody's losing their homes yet. We don't know the damage of that yet, but I would think we would have some kind of indication on where that was headed six months into the future, right? Housing is gonna drop. Nope. Nothing, I'm just like, I don't think it's time to short, to be honest with you. I mean, this was an average correction, right there, average correction, calls for more help from Congress. There's low risk of overdoing it. Oh my Jesus Christ. What's futures doing now?  That level right there, this bottom right here, this is the next key level. Between here and here, I have no idea between here where we're gonna go, okay? Honestly, I would like to see us shed those 40, 50 points back to 3,300. Then I would say, probably looks like a long, probably looks like a long on the bounce, probably looks like a long. I'm gonna long it off at this level. Maybe stop under 3,291, something like that. Hey guys, my name is Toss Bradley. I'm one of the head mentors and moderators at my investing club. If you have any questions about getting started in trading, getting started in the MIC, MIC in general, text me at<PHONE_NUMBER>. This is not a robot, it is me directly on the other end of my business line and we'll get you in the club. We also have special promotions going on that I can get to you depending on your trading needs. Hit me up, back to the video. That's pretty much where I'm at. In between here, snowman's land. I have no idea where this is gonna bounce. Tank, rip, dip, go sideways.  So yeah, let's get into this. So let's bring old Johnny on. John, you ready? You ready? You ready? You ready? Hey, Joe, can you hear me? I got you, bro. Good, stop. Not much, how is everybody doing? We good, ladies and gentlemen? Is everybody hearing? Loud and clear? You're good, perfect. Good. All right, so let's get into this. So what we're gonna talk about today is we're gonna talk about selling premium, okay? And I think the, what strategy are we sharing? What is this actual kind of option strategy called? So there's a couple of different ones, but the main, you know, obviously selling puts or put spreads, you know, vertical spreads, those are the two that we had kind of discussed. Yep, that's what we're gonna talk about, is that version of the put spread. Yep, all right, so then I use a variation of that and I call it a wheel strategy, which starts with selling the put. So it's, there's a few extra steps, but this is something I've worked on for a while, but that's the very basic of it. It starts with the put, sell the put, tell the put spread. All right, so let's kind of just define here, and I think I'm pretty sure you've done this in your series. You've talked about what selling a put means, right? Yes, I think so. Probably go over that real quick.   When you buy a put, the price is gonna go down. So when you sell premium, right, you just have to think about the same how that works. So it's kind of the flip. So if you're selling a put, you believe that the price will stay above whatever short strike that you sold, right? If you sold the 95 put and the stock's at 100, in most cases, you hope that it stays above 95 anywhere, you know, or higher, and you collect your premium and you have no obligation. Right, gotcha. So to put that into perspective, guys, I know a lot of people come from small-cap short selling, okay? So let's kind of just graphically represent this really fast. So I'm gonna do this in the empty space over here in the chat box. So if buy, no, okay. So it's the same bias. Okay, buying a call and selling a put is the same bias. So let's talk about this. Like let's say SPI, for example, right? SPI, the small-cap runner ran from, you know, four bucks to 40 bucks, right? So it was four and it was 40 and we short at 40. How much money can we make percent-wise? What is our maximum percent return? Somebody answer that, not John. So the maximum that we can make is a return from 40 and it would have to go to zero in order for us to make a 100% on the position, okay? That's short-selling of stock, okay? So let's just think about stock. Let's not think about selling puts. Let's not think about anything like that, okay? Maximum profit, no, not exposure, not talking about risk exposure, I'm not talking about any of that, all right? We'll get there, we're gonna get there. Maximum profit is 100% of whatever your position average is. If I short 100 shares at 40, right? If I short 100 shares at 40, that means my position costs $4,000, okay? It's not the amount of margin required to hold the position, my average cost is four grand. If the stock goes from 40 to zero and I never add, what do I make? Four grand, that's it. That's maximum I can make, okay? So why do people short small caps so much when the edge lies, right? So the edge lies, that's where all of the edge is in small caps. In small caps, they all look like this, four to 40, generally back to four, sometimes to zero. It's, but they all go from four to 40 to four. They all do it, okay? So they all do it, yes, exactly. Yeah, after creating options, I don't know why I'm shorting small caps anymore. I don't know why you are either because people will brag, they're like, oh, I shorted at 40, covered at 20, right? Nailed it, and in options, we're over here buying at two, selling at eight. And people are like, yeah, let's do whatever. This is the hero, right? That's what everybody thinks. That's what everybody thinks. But the dude that went from two to four, four to six, six to eight, made 300% on his money. Nope, not entertaining. But the one that shorted at 40 and covers at 20, I'm just using SPI as an example. I'm just like making it up. The person that makes 50% on a short is way more popular than the person that makes 300% on an option, right? Thank you so much for watching our video. If you wanna see more of our videos, please subscribe to our YouTube channel by clicking the button here. We do our best to post a new video every single day. If you have any questions about MIC or any general trade questions, please text Tosh using the number here. Also, stay up to date by watching some of our most recent videos right over here.


Hello and welcome to CMC Markets in this quick review of the Chancellor's latest autumn statement. Now there don't appear to be any obvious winners from the raft of measures announced by Philip Hammond. I had a quick look through these and have 23 billion pounds in a Productivity Innovation fund to fund infrastructure projects. You would expect that to give a lift to house builders, but we're certainly not seeing that in some of the share price performance here in my housing watch list here. You can see Taylor Wimpy's Barrett Development's all showing large losses. Also widely trailed banning of letting agents fees that set the share prices of Foxton's Group down sharply, 14% thus far, country wide as well, 5.78%, so some significant losers there. You can certainly see that in this Foxton's chart here. The performance of the pound has been broadly mixed. It's been up against the Euro, up against the Yen, sharply lower against the US Dollar, but that's less to do with the market reaction to Philip Hammond's autumn statement and more to do with the fact that US Durable Goods actually blew the doors off coming in at 4.8%, well above 1% expectation, so the dollar is actually up broadly across the board. I think the big mover that we've seen as a result of the autumn statement is the sharp decline in guilt prices, and I think that's largely predicated on the fact that the markets are perceiving this as a little bit of a fiscal stimulus by the Chancellor of the Exchequer. He suspended his plans to balance the budget by the end of this parliament. That's not really a surprise. I think what was a surprise was the fact that he hasn't really set an end date for bringing the budget back into balance other than to say that ultimately it will happen sometime within the next parliament. Other headline catching measures are the raising of tax thresholds and the living wage, freezing of fuel duty as well. So all in all, not much in the way of surprises and I think the main rabbit out of the hat was the suspension or the suspension of the autumn statement. There will no longer be an autumn statement. There will now be an autumn budget and there will be a spring statement. No, that is not a wind up. The spring statement will be essentially just an outlining of the UK government's projections in line with the Office of Budget Responsibility. So in a nutshell what we're seeing here is heightened inflation expectations I think as a result of what I would suggest is a modest fiscal stimulus programme announced by the UK Chancellor. That's been reflected in UK guilt prices, a big sell off there, a spike in yields and that's also been reflected by a modest rise in the pound against the euro as we can see from this two-hourly chart here and also a push higher in the pound against the yen. The move lower in the pound against the dollar is a little bit of what I would call a false indication of the way the markets are perceiving this Chancellor's autumn statement and ultimately I think the best reflection of the market reaction to the Chancellor's measures are reflected in the guilt market in the context of high yields which does appear to suggest that ultimately the Bank of England is unlikely to be cutting interest rates any further in the short or medium term for that matter.


Good morning, John. In 2014, my social media was suddenly inundated with people telling me about and telling me to talk about solar freaking roadways. An Indiegogo campaign that had been published by a company that was making roads that could, good news, solve every problem. Because look, America is extremely paved. There are so many roads and so many parking lots and so many more parking lots than you think there are. If we were placed all of the paved area in the US with solar panels, we would produce more power than the US uses. Which is a wild statistic that is completely irrelevant. The list of reasons why solar roads are a bad idea is very long. I will put an incomplete list on the screen right now. I'll also put some links in the description, but this video is not about why solar roads are a bad idea. It's about why so many people thought they were a good idea. In medicine, or on the podcast Sawbones, you often hear that cure-alls cured nothing. The human body and all the things that can go wrong with it are just too complex for there to be some magical, simple solution that solves everything. And as I rewatched that 2014 solar freaking roadways video, the feeling I get is that the list of problems being solved is just too long. They could improve drainage, enhance playgrounds, alert drivers to upcoming moose, fix the economy, eliminate the need for fossil fuel, melt snow, fix power transmission and make partying more fun. This is a video built to make people excited about something. And since the average person doesn't know very much about how roads work, we have people for that, it's pretty easy to make a list of problems and then propose a solution that would solve all of them as long as you don't look too hard or know too much. What this relies on is people not understanding how complex something that seems simple is. And that's fine, we're not supposed to nor can we know about everything. I think this actually outlines a really important tension in society between like not wanting or being able to have everyone understand the intricacies of how tires interact with different paved surfaces at different levels of moisture and temperatures and speeds and also being frustrated by problems that we see and we see not getting fixed.  And you're like, well you don't want to know how complicated it is. You don't want to know how tires work. Experts don't want to explain to you why you can't make highways out of glass. But the division of expertise is like the number one thing that makes societies work. But that stops working when there is no trust. And stories of big simple solutions, once they aren't implemented either rely on you realizing that it's more complicated or thinking that there's some super powerful cabal that's preventing us from doing the simple thing. Which is why a lot of the time's conversation about big simple solutions interfaces with conspiracy theory. Solar roadways are a big simple solution and I'm sorry but big simple solutions are very rare because everything is very complicated. Like soap may have been the last big simple solution. So they do happen but it's been a while. But honestly the reason I think this was a moment in a sort of Coney 2012 but two years later kind of way was a good impulse. It was hopefulness. Like that was a hopeful moment. We felt like the internet maybe could put an end to a Ugandan warlord or maybe even create a future where roads melted ice warned you about moose and generated more electricity than the cars that ran on them used. Maybe the problems weren't being solved because there wasn't enough hope or human excitement. This was a wild time on the internet. We did not know what was possible. If only we hadn't found out. The solar roadways people are actually still at it. They've done some small scale installations and the way I see it it is an incremental value add for very specific situations which get this is fine.  They are there because eight billion people living together on a single planet is difficult and those big problems only ever really get solved in one situation and that's when lots of people with wildly varying areas of expertise trust each other and work together to solve them. John I'll see you tomorrow.


What other podcast is going to dig into these kinds of issues? I can't think of a one. If you've been carrying- There's probably, there's probably a podcast out there about garden tools and wheelbarrows have probably featured prominently on an episode or two. I'm just gonna go ahead and guess that that's the case. I'm looking for one searching wheelbarrow podcast right now. I don't know, specifically a wheelbarrow podcast. All there are financial, there's some financial podcasts like multi-family real estate investment things.  But see, that's another thing.   Like a wheelbarrow. It's like money would even almost like fall out of a wheelbarrow more than- Well, I think that's the point of the metaphor is that you get so much money- But it's sort of precarious. It falls off the side.  It's to denote the wealth of riches so much that it just spills over without concern. Whereas actual rich people cart their money around in armored cars with people with guns. So I've been told. Just as Tom's armored truck pulls up. Hold on, guys. My brinks is here. I'll be right back. What are some other inappropriate words that we can't use anymore? I can think of lots of them. I do- I was just torturing me right now. Tom's like, please, please don't because Roger will do it. Please don't tea up, Roger. Hey, I don't have a few. This one begins with tea. I don't even know what that is. I just, I didn't want to use an obvious letter so I pulled a different one. I have like, I mean, there's still people, there are ones that people still use in common conversation without thinking about it. There are some words where I'm like, oh my, how old are you? You must know this. You must know this. Because I can tell that they're not doing it to be, you know, incendiary. It's just something that I don't know. No one told them or they, yeah, were they slipped or something? The one I feel safe trotting out every so often is pollock jokes. Ah. As when I was growing up, we told pollock jokes.  Oh, something dumb. Ha, ha, ha. And then one day my friend who was Polish by dissent said, you know, that's kind of offensive to me because I'm Polish. And I'm like, well, why did that offend you? It's not a Polish joke. It's a pollock joke. He's like, pollock is just another word for Polish. And I said, it is? And he's like, yeah. And I was like, oh, I think I will stop telling those jokes. Yeah. And I've had those moments too where I'm like, oh my, I'm sorry. I honestly would never have done this otherwise.  I think I was maybe a minute old when I was told this. And I was like, oh my gosh, I can't believe that. So. Right. Yeah. Yeah. So yeah. So there's lots of stuff like that. And I can't think of any right now. But every once in a while, I'll think of a term that is perfectly acceptable at the moment. And I wonder, like I get my spidey sense that that one's not going to be OK for very much longer, I bet. Use it while you can. Yeah. Like cigarettes. Smoke up Johnny. Got him. Let's break for some tech news, shall we? Let's do it. I missed you guys. Great shows for the two that I was gone. Well, we missed you too. But I'm glad to have you back, but had a lot of fun in your absence. Not too much fun. Just enough. Just enough. Less fun than if you were here, but enough to still enjoy ourselves. Then we also had Scott and the Marv. Likes. One, three, one, three, still need some love and three. Yes, oh, line three. Yes, I am Roger. Do you have that at hand? I'm trying to pull up. I have it in three, two. Let me put in this. Don't count me into you. Oh, well, I wasn't sure this name had three first names. So I wasn't sure which. I'll just count Tom in and tall figure. I'll guess. Is it it? Yeah. All right. Any time now is fine. You could just paste that in it. All right. Here we go. Oh, because it's his nice. See why you you had a reaction there. All right. Here we go in three, two. Paul Allen Harris has supported independent tech news directly for five years. Be like Paul, become a DTNS member at patreon.com slash DTNS. This is the Daily Tech News for Tuesday, March 12, 2019 in Los Angeles. I'm Tom Merritt. And from Studio Feline, I'm Sarah Lane. And from Warm Sunny Skies, I'm the show's producer, Roger Cheney. Thank you all for joining us. Thank you to Lamar and Sarah and Roger for doing yesterday's show in my absence in an entertaining, informative way that actually helped me. You guys rock. Tom's like, it actually helped. Really? It really does. I'm not surprised. I'm just thankful that I hope that came through. Any time, any time. We are going to talk about Tim Berners-Lee and his vision for the future of the web and saving it from itself. But let's start with a few tech things you should know. Twitter is rolling out a new prototype app called Twitter, and that spelled T-W-T-T-R. Is that familiar to you? That's what Twitter was once called back in its early days. It's an experimental testing space that Twitter says is designed to get feedback from testers on new features, such as a few that the company did demo at CES this year, such as different designs for replies so you can see them more easily in a thread, indented conversations, color-coded accounts. Twitter says only a couple of thousand of English and Japanese speakers will be invited to Twitter with Novels for now, but no one is under NDA. So we'll hear what they have to say. Jack Dorsey's famous first tweet was just setting up my Twitter. T-T-T-R. Microsoft will start sending push notifications to Windows 7 users to warn them the end of support is nigh. In fact, it's January 14th, 2020. It will start warning consumers about the cutoff date next month. Microsoft's end of support date means that Windows 7 and Office 2010 will no longer receive security updates. So they will highly encourage you to find a solution that doesn't involve continuing to use an insecure version of Windows 7. Spotify Premium has a new perk. It includes a free subscription to Hulu's ad-supported plan, which is normally $5.99 per month. Hulu subscribers who don't have Spotify Premium will need to cancel their billing through Hulu and then re-subscribe through Spotify if they wanna get the discount and then they have Spotify Premium as well. The promotion has a couple of restrictions. It isn't available on family plans and also restricts adding premium channels like Showtime or HBO to Spotify accounts. All right, let's talk a little more about some end of they are going to and now they own it. This is one of my personal bugaboos is people saying, well now that Amazon owns Eero and I'm like, hold on, they don't actually own Eero yet. Let's wait until they do. Well, today is the day. Amazon has officially acquired Mesh Wi-Fi company Eero. Amazon Senior Vice President of Devices and Services Dave Limp told the Verge that the company would not change a word of Eero's privacy policy and the plan is to quote, not change anything at Eero at all. Eero does not track user internet activity according to its policy. That's not going to change. The hands-off approach is similar to Amazon's purchase of Doorbell Company Ring which more or less still operates independently. Amazon is doing some discounts on Eero bundles today to celebrate the fact. And I would point out Amazon has acquired Audible, Comixology, Zappos, Goodreads, the list goes on and generally been very good about only integrating where it really made sense. Like you can buy an Audible audio book on Amazon and it'll show up in your Audible account but not forcing these acquisitions to become part of their main company. Yeah, I mean, it's outside of the tech news circle. I think a lot of folks are still unclear of the fact that Amazon owns all of those companies that you just mentioned. Yeah, yeah. You go to audible.com, it's just Audible. I'm looking over at my Eero router right now though and I will say that it is, I'm not a tinfoil head person. I don't think Amazon's going to suddenly start tapping my router. But here we go again. It's one more thing to think about. Well, an Amazon owned company is the cloud manager of this router and I don't pay for Eero service so less of my data goes through their cloud. Some of it is just passing through the router and it is fine for a router to have cloud services and when properly audited know that those cloud services aren't on all the time. So not every bit going through your router is going through Eero's servers. But I hope that stays true, I guess as well. Well, you mentioned, okay, well, it's just one more thing to think about. If Eero had stayed independent, does that quell your, not fears, but your mild concerns anymore? Because I would think as a smaller company, you're almost more vulnerable than you are under the Amazon umbrella. Sure, like you could end up going out of business or making some horrible deal with a third party to survive that compromises my data. Certainly Amazon is better than those situations, but gosh, wouldn't it have been great if I don't know a different company that wasn't Amazon, Facebook or Google had bought them to strengthen both those companies instead of a company that doesn't need to be strengthened more by them? Yeah, I think I have Elizabeth Warren on the brain, but I now all of the, and you bring up good points and I sort of say to myself like, and what would that company be? Who would that company be? August is owned by a traditional lockmaker. I could see you're branching out like, oh, we have a little bit of networking stuff with our locks. Let's buy a mesh Wi-Fi router company. Same reason Amazon wants it, they wanna make a part of a smart home. Disney announced Tuesday that its acquisition of most of 21st Century Fox will happen at 12.02 a.m. Eastern time, March 20th. At that time, the Fox broadcast network, Fox News cable channels and the national sports channels will be spun out as a new company called Fox Corporation on March 19th. Disney is in the midst of selling the Fox regional sports channels as part of its agreement for regulatory approval in the U.S. 21st Century Fox president, Peter Rice, will become chairman of Walt Disney Television and co-chair of Disney's media networks unit. So there we go, we can all get up to celebrate happy Marvel year vacation day. Yeah, we've been talking about this for a while, so it's quite a few deals that have officially closed in the news. Couple things to think about, obviously as of March 20th, Fox can start making Marvel movies, 21st Century Fox, the studio, which their head will stay in charge, will start being able to make Marvel movies in the Marvel Cinematic Universe without having to have any kind of special cooperation because they'll all be part of the same company. I mean, I guess they'll still have to have some special corporate cooperation, but it'll be super easy because they're part of the same company. And Disney will- Ooh, goody, more Marvel movies. I can't wait. There aren't enough of them. Uh-huh, so you're on that side of that fence. That's interesting. And Disney will have until June, because I think it's a 90-day limit to sell off these Fox regional sports networks. My guess is they will continue to operate as Fox Sports Midwest, Fox Sports wherever they are until they get sold. And it's anybody's guess who's gonna buy them. The Yes network got sold back to the Yankees. That's the only one I know of that has been settled. The Los Angeles Angels were looking to buy in Fox Sports, California. So they may get chopped up and sold to the individual sports teams. It'll be interesting to watch. Interesting too that, and you mentioned this when we were talking about the stories in the pre-show, Tom, that the head of the FX will now be the head of Disney TV, which at least in my mind are two very different properties. Yeah, 21st Century Fox president Peter Rice will become chairman of Walt Disney Television and co-chair of Disney's media networks unit. So the FX person, and more than that, but that's the part that's going with Peter Rice over to Disney as far as TV goes, will also be the chair of Disney and Disney Junior and XD and Freeform and ABC, the network. So that's it. Yeah, really runs the gamut. So anyway, March 20th, you can start saying Disney owns Fox and start like actually dreaming about your fantastic four movie that's going to be part of the MCU. Axial sources say that Amazon will no longer tell its U.S. third-party merchants that they can't offer products for a lower price on non-Amazon platform. That change comes three months after Senator Richard Blumenthal urged the Department of Justice to open an antitrust investigation into Amazon's policies based on that fact. Amazon dropped a similar requirement for merchants in Europe under regulatory pressure there in 2013. I, speaking of having Elizabeth Warren on the brain, in the wake of that, you know, break up Amazon, they do stuff like this. That was one of her examples is they do stuff like this. I feel like this is a better example of how to deal with these companies. You identify the particular issue, you bring it to regulatory attention and you see what happens. In this case, Amazon just backed away and said, you know what, we don't want to deal with regulatory scrutiny on this. We'll stop doing it. And that's good. That is a better way than saying, let's just wholesale break Amazon up. I'm not saying breaking up a company should never be a solution. It should certainly be one, but it's a very extreme solution and there may be better, more targeted solutions to try first. Well, yeah. And back to our era conversation, Amazon is big enough that another company could fly under the radar with this kind of behavior. Perhaps, I'm sure it's already happening. I don't have any examples myself, but Amazon is kind of too big to do this because there are so many third-party sellers on its platform to say, you can't undercut us anywhere else, ends up, hey, you got all sorts of problems, artificially inflating prices and what ends up happening in scenarios like this. It also, it surprises me that this is something that happened in Europe six years ago and it took this long for Amazon to get enough pressure on the US to say, all right, we won't do this here either. Well, we're the free wheel in the United States. We take longer to get around to this sort of stuff, I guess, and we tend to punish businesses less than you're. Well, and Amazon's doing plenty of other harm to third-party sellers in other ways too. Well, yeah, this won't be the last one of these issues to come up. And if anyone's wondering, well, wait a minute, why can't Amazon just say what they want to say and people can choose not to be on the Amazon platform? That's the point. That's the point with antitrust is if Amazon were a small company and said, hey, folks, you can't list your stuff here unless you give us the best price you're selling at anywhere, the individual retailers could say, well, fine, then we won't list there and Amazon would suffer and then they would change their policy potentially or maybe they'd have a great way to convince people. But when Amazon is sort of the lifeblood of your business and it's like, well, if we don't list there, we will go out of business, that's abusing market dominance to say, we're gonna dictate your prices on other platforms because you can't help but sell here. And that's the contention that a judge would look at and say whether that was true or not, but that's why you bring an antitrust case, roughly speaking. Open AI announced Monday, it's restructuring from a nonprofit company to a capped profit company. Under the new structure, profits in excess of 100 times the return from open AI will pass to an overarching nonprofit. Profits below 100 times return on investment will be given to investors. The idea is to make it possible to raise the billions it needs from investors while still retaining some element of that nonprofit company it started out as, which pledged to focus on positive human impact over financial obligation. So a bit of a tightrope that they're walking right now. The open AI nonprofit will still govern the for-profit open AI limited partnership and use any money above that 100 X return for reduction or education rather, will not reduce education. It will increase education and advocacy. It's worth noting that the 100 X cap is only for the current round. Future rounds of investment will have a smaller multiplier. Yeah, I think that's a really important thing that it's getting lost in a lot of this conversation because there is a lot to unpack here. Open AI started, by the way, Elon Musk was one of the founders of it. He's sort of backed away from it amicably and not really involved in it anymore if you still make that association. But Open AI's idea was there's a lot of companies doing this for profit. We want to be the company that pushes for ethics and pushes those other companies to have ethics by being a nonprofit. And one recent example of that was when Open AI decided not to release all of the details of an algorithm they created because they felt that it could be used irresponsibly and then they wanted to work on fixing that first but they wanted to make people aware of the issue. Great example of a company doing that. Also, Google and Facebook have been very open with a lot of their AI technology and it's not entirely down to Open AI but Open AI is one of the things that sort of encourages that behavior. So them becoming a for-profit institution even if it's under a nonprofit is a way to try to solve for the fact that Open AI isn't getting the dollars to compete with the engineers that are going to places like Google and they need that money to be able to create these resources. Now the bet is that Open AI will eventually create an algorithm that's so successful that they'll be rearing in billions of dollars because at 100X, a million dollar investment would get everything up to a billion dollars in return. So they need to be making billions and billions of dollars to actually have any money go into the nonprofit at that point. But the fact that they're going to do a limited round for that and then be like 20X, 10X, I think means they're doing this to get investors' attention, get some of them in the door, make it a fashionable thing to be an investor in Open AI again and then they can reduce that return so that more money will be going into the nonprofit earlier. Yeah, and I think if anyone listens to the story and says, well, the fear obviously is that people will be pocketing money and this whole nonprofit thing has all been a big ruse and this is where it all falls apart. All Open AI has to do to squash all of that is be super transparent about where money's going and who it's coming from and where it's being invested. And if they do that right, I don't really have a problem with this. Yeah, it could go either way. I'm not saying it's guaranteed to not have any problems. And granted, there's more chance for abuse when you have a for-profit institution like this, but putting a cap on those profits does sort of redirect the attention to like, hey, our main point is to fund the overarching nonprofit and to be ethical. Also, the board is made up of the people who it's made up of now. They have some rules in place to stop people from kind of packing that board and changing the ethical outlook. It reminds me a lot of the Mozilla Foundation, to be honest, in the way that it's constructed and in being a company that can bring in a profit but also try to be transparent and be for the public good. Mozilla, by the way, has launched an end-to-end encrypted file transfer service, Firefox Send. This was originally part of Firefox's test pilot browser and it's now just a feature on its own. Firefox account holders can share files up to 2.5 gigabytes between browsers, one gigabyte for everybody else. So if you have a Chrome browser, you've never used Firefox, you don't have an account with Firefox, you can go to Firefox Send and send a gigabyte file to anyone securely. It's also getting a bunch of other features. All users can choose when a file link expires, the number of downloads that can happen before it expires and you can even add an optional password and recipients can receive files using any browser as well. A Firefox Send Android app also in beta. So this is a way to say, look, if you don't wanna mess with creating an account at Box, if you don't trust a lot of these Send it programs out there cause you don't know what they're doing with your data, here's one that's gonna be end-to-end encrypted. Granted, you have to trust Firefox, but if you trust Firefox to send it, then you're gonna have a better experience feeling secure. Yeah, you sent me a file this morning, worked like a charm. Yeah, and I did it in Chrome. I have a Firefox account from my Firefox browser, but I didn't log into it. I just wanted to be like, let's see how the easy this is. Yeah, that kind of tripped me up too this morning cause I was like Firefox account, I don't have one of those, but I do because before I kind of switched over to Chrome and Chrome is my browser of choice these days, both on desktop and mobile, but I was Firefox user for many years and that's the account is how you can sync your bookmarks and your search history and all sorts of stuff. I do have a Firefox account. Yeah, a lot of people might not even know it. So it's worth checking out. Also 2.5 gigabytes is does come in handy, especially with video. If you want to get all the tech headlines each day in about five minutes, be sure to subscribe to dailytechheadlines.com. All right, 30th anniversary of the proposal, the original proposal of the World Wide Web is today, March 12th, 1989, when Tim Berners-Lee said, like, you know, I'm taking this hypertext and some DNS stuff and I'm thinking of putting it all together, what do you think? I'm handing this in. From the web foundations page at fortheweb.webfoundation.org, this is a page that is describing something called the contract for the web that is an initiative that Tim Berners-Lee is starting to try to improve the way the web works. It says, 30 years ago, we sent letters and envelopes with stamps. Answers were hard to find. Shopping always meant leaving the house. Breaking news was delivered to our doorstep or on a TV channel. We got lost often because we didn't have Google Maps or Waze or Apple Maps. Tim Berners-Lee posted an open letter to mark the 30th anniversary of the day he submitted that proposal and he identifies the problems of the web. But I wanted to read that first phrase there to show like, the web has improved the lives of everyone who can use it immeasurably. If you think back to the way you worked in 1989, things work better because of the web, but it's not that there aren't problems. Here are the ones Tim Berners-Lee identified. Deliberate malicious use of the web by states, by criminals, by people who just wanna harass others. A flawed system design that sacrifices user value for things like clickbait to drive traffic or viral misinformation for other purposes. And the third thing he identified is unintended negative consequences of well-intentioned design. He pointed mostly at the poor quality of online discourse. So essentially saying, gosh, we created these social networks because we thought it'd be great and it turns out to make everybody angry at each other. What's that about? So he says, the way we solve malicious use by states, criminals and harassers is better designed laws. He's like, you'll never get rid of criminals. You'll never get rid of states trying to spy each other, but we can have better laws that really help reduce that behavior. Second is to redesign the web to change the incentives that lead to clickbait and viral misinformation. He says, I think we could do this. I think we can design a better web that doesn't reward people who just wanna drive up the numbers. And he says, research is what we need to understand the third. We need to find out why the way we have the web now drives people to outrage, drives people to be angry with each other, drives otherwise friendly people who might love each other in person to hate each other online. He's like, we need to look into that. And the thing that got me the most in this letter is he warned against reacting to online problems with simplistic narratives. And I think this is extremely important because all of us, myself included are guilty of saying, well, you know, we just need to do is shut that down or end that or change this. Here's what he wrote. You can't just blame one government, one social network, or the human spirit. Simplistic narratives risk exhausting our energy as we chase the symptoms of these problems instead of focusing on their root causes. To get this right, we will need to come together as a global web community. And I can't stress this enough. I agree 100% that the problem, and I say this all the time when we're talking about Facebook and we're talking about Cambridge Analytica is we need to figure out the problem and not waste our energy chasing the symptoms. Because if we don't figure out the problem, we'll spend a lot of time fixing things that won't actually fix things. Now the contract for the web, he says, must not be a list of quick fixes, but a process that signals a shift in how we understand our relationship with our online community. It must be clear enough to act as a guiding star for the way forward, but flexible enough to adapt to the rapid pace of change in technology. It's our journey from digital adolescence to a more mature, responsible, and inclusive future. Sarah, I don't know about you, but I started reading this with my head a little bit distracted, saying, yeah, yeah, I know. Things could get better, we get it. But when I paid attention to what he was saying, I started to get a tiny little glimmer of hope that if other people paid attention, and that's always the problem, that yeah, maybe we could all figure out like, oh, most of us actually want a better world online, and it is not impossible. Mr. Berners-Lee might consider a career in politics, and I only have kidding. I think, yes, I am with you on this. It's very easy to be cynical and say, it's too far gone, we can't walk it back. The web is a mess. We're all using it, we're all addicted to it, but there's nothing we can do. We created this mess, and now we're just sort of living in it. But I think that, and you're right, the fixing symptoms instead of a root problem is it's a whack-a-mole situation, right? But the thing is, with Cambridge Analytica, well, we knew what the problem was. I mean, it goes down to money and power, really. I mean, if you're really gonna drill down to like, what are the actual problems here? So who are the people that need to fix it? Well, in many cases, it's government because those are the people who can force change.  Everyone at Google who works at Google understand this. Probably some of them care more than others, but I feel like a lot of these problems are quite well-known. It's just a very complicated thing to dismantle at times. My very unpopular opinion that I try to be very careful about espousing because it can be misunderstood very easily is that Cambridge Analytica wasn't the problem. Cambridge Analytica, to me, is a very specific situation where the attitude of the internet was the problem at the time.  You know, everybody's given data away and we just share it with each other. And this one professor took advantage of that and gave it to somebody for his own good. And that somebody was Cambridge Analytica and they, of course, took advantage of that professor and took the data. And where my opinion gets unpopular is, I don't know that that much damage was done. And I know people flatly disagree with me and they say, well, look at the evidence. Well, the evidence does, there's no evidence that this is what caused anything. And that's where I back off and say, instead of focusing on that one, instead of focusing on the stuff that gets the headlines, maybe we focus on what effect is causing people to be upset. What effect is causing the transmission of virality and false information and misinformation. And that's what I like about Tim Berners-Lee. He's like, let's not look at any particular case unless solving these bigger problems directs us there because that's treating the symptom. Let's actually figure out, like we know misinformation being spread as a problem. Instead of looking at particular example, let's look at a wider view of how it gets spread. And we've talked about a few of those studies on the show before. And so I think it's important to get this right and pay attention to it.  He's like, we need to have people running for office who are committed to an open web and the principles that underlie it. Yeah, I also agree with him that we've got, and with you Tom, that we have to figure out, why do people act the way that they do online when we're all aware that we would act differently with our fellow humans, were they sitting next to us or enjoying a coffee or whatever it is. There is a specific way on the internet that people act and that's why we call them trolls. I mean, this is all part of life now. If anyone's on the internet, it's part of your life. And there is a lot of research being done and how does this affect brains? How does this affect kids? How does this affect everybody? And a lot of it is really negative. And I think the more data we have on that, the better. But I don't know how you change people unless you change the tools that they have. I would submit, you probably don't need to change people that most people are willing to do the better behaviors if that becomes the norm. And there are small examples of communities that have been able to do that out there. And this kind of rhetoric from Tim Berners-Lee is what you need to say like, hey, stop just focusing on the guy who gets your attention because he says 10 horrible things on Twitter and start focusing on how does this actually work and how do we encourage people to be their best selves online? That to me is the real question. Good question. The people that I believe are their best selves are the people in our subreddit who participate every day. So you know what I did there? Submit stories and vote on them at dailytechnewshow.reddit.com. I love you all, Inya, who else I love. People who hang out in our Facebook group, facebook.com slash groups slash Daily Tech News Show. They say hate the sin, not the sinner. We don't care that you're on Facebook or Reddit. We think you're awesome. That's why we are there. That's correct. Let's check out the mail bag. Let's. This one comes from Brad who says greetings to my most favorite of news production teams. Thank you, Brad. Brad says it's been a week and DTNS for Roku is stable and has been initially well reviewed. If you'd be willing, I'd appreciate your feedback. You can get it now at my.roku.com slash ad slash DTNS. Roku also has a channel store, channelstore.roku.com slash details slash 86190 slash DTNS. I think you could just search for it in the Roku store too and it should pop up. Very cool, Brad. Yeah, thank you, Brad, for making that and it's awesome. And of course, we do want people to try it out. This is not operated by us. It's operated by Brad. So be nice to Brad, report bugs responsibly and all of that, but we love that he did this. So thank you, Brad. Really appreciate it. Brad, you're the best. You are our star pupil and maybe not pupil.  All right. Our goal each month is to get one more patron than last month and you could be that patron. We're actually right now just a couple people ahead, but don't let that soften you up. 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Club, I hope you have enjoyed this program. I got, I waxed all philosophical today. I liked it. Yeah. Yeah, wax on, man. Megan Moroney asked me to come on Tech News Weekly. I'm gonna talk about the same thing later this week. So if you wanna hear more. Oh, cool. Let me hear more waxing. More wax on. More waxing. More waxing. I don't know. From Tom Sawyer, the musical? I don't know what that was. It's really weird. By the way, I could have sworn, well, let's pick a title and then. Yeah, let's do it. Did Tom Sawyer wax? I thought he just whitewashed. Yeah. That's true. Waxing was Ralph Macchio and he painted. Painting the fence would be the crossover between Tom Sawyer and Ralph Macchio. The waxing is Daniel Son and Mr. Miyake. We could just do half a birth. We'll paint the fence also, Daniel Son and Mr. Man. That was what I was trying to do. Paint up. Show me, paint up. Paint the fence. Wax on, wax on, wax on, wax on. Yeah, no, we get it, Roger. We do. We're trying to pick a title for you. I mean, even though I don't think it makes enough sense, I love Daily Tech News show with no vowels. Very good one. Yeah, yeah. Just like Twitter with no vowels. Right. It would confuse people, but it's a good one. Happy birthday, WWW. It's a nice positive spin on our conversation. I like that. I agree. Although, what's wrong with WWW? Because it's WWW. What's wrong with is WWW. Yeah. It's kind of clever, yeah. That's good. I like that one. I think the WWW should be. Yeah, I think so too. You know what's really funny? The web is a teenager. So what's wrong with WWW? Is that what we're going with? OK, let's do it. Let's do it. What's wrong with it? Everything! You know, my answer would be a mirror. Yeah. To understand what's wrong with the World Wide Web, one must look within themselves. You know what's wrong with the web? Everyone look in a mirror. Except for me, because. Yeah. Everybody's at fault except me. My mirror is broken. To Fender Bender. There was that college humor skit about it was it was the way that the the web works in the form of a company staff meeting. I don't know if you guys are familiar with the skit. It's online somewhere. It's really old. It's like circa 2007 or something. And it sounds familiar. So funny. Yeah, it's it's it's the human equivalent of behavior online. That's really, really annoying. Gotcha.  But I was thinking about this when I was talking to Eileen about something and I made the post that like those two people in any focus group you've been in that make everyone else roll their eyes. That's what being like the that's what it's like being on the internet, right? Most of us are fine with reasonable opinions and constructive dialogue. And then there's those one or two people that just kind of ruin the focus group. That sounds like that's kind of what this sketch they're talking about. Yeah, it's just a work. Yeah, it's very funny. It and it's it's old now. But it's it's I I pull it up every once in a while. You know, when we were talking about the fact that Tim Berners-Lee submitted his proposal back in 1989, which is, you know, it's long before I kind of knew what was going on. And I didn't get into this until much later, although I would say I was kind of the first wave of at least, you know, the public. But because after the passing of our hero, Luke Perry, recently, a friend of mine got his hands on the entire 921-0 collection, you know, which is like a hundred seasons. And so I was like, we're starting from the beginning here at the Lane residence. And boy, that first season is cringy. Because it's old, you know, I think it first aired in 1992, I think maybe 91. It was 90s, early 90s. And it's so funny how and you see this with any older movie or TV show, how many situations you're like, oh, yeah, I didn't have cell phones. Right.  Right. Totally. Where they're all like trying to meet up with each other and they they keep missing each other. And it's like, why don't they just text? Oh, right, because they don't have text messages. Totally. Yeah. There's a scene where Brenda's waiting for Dylan at the movie theater and he stands her up, you know, and so she's just like waiting there. Like she waits through the whole movie outside and just just downtrodden. And it's the whole thing, you know, and it's like, yeah, he something had happened, but there was no like he had to have physically gone to the movie theater to like let her know what happened. One where you would have solved the entire episode. Right. Yeah. And then she actually like figured out how to like call his house, but someone else answered and like didn't give him the message, you know, it was just these things where you're like, huh, that's yeah. That was a problem. That's how it was. But but but you didn't know that it wasn't a problem because that was just reality. You know, now we go like, how do you live? It wasn't a was yeah, it wasn't a blocker. Right. If you said like, OK, so we'll meet in the movie at three and then you'd be like, OK, great.  Right. But you didn't worry about it because you're like, this is just the way it works. Like you said, right? Yeah. And if you didn't show up, you better have a really good excuse because it's like a big deal. And now if someone said meet me at the theater at three out, but I lost my phone, you'd be like, why don't you just get a new phone? Like, we'll do this another day. Like, seriously. Right. Yeah. Not I'm not we also have like pre-programmed like running late. Yeah, yeah. In our various mobile OS to like, yeah. How people understand that we're late. What's interesting is how invaluable phones are to our lives to the point that I've one time was community to work and I stopped halfway to go back to get my phone because I forgot it on the kitchen table. Well, there was the when the two of you when we all had sandwiches that day and I accidentally left my phone in the back of Roger's car. Right. Yeah.  Oh, my God, my phone's in Roger's car. Like, I can't live without this. This won't work. This won't work. I can't do this. So it was like, let me get a hold of Tom via Facebook on my computer, you know, like turn around, you know, because it's like you kind of have that moment of like, is this doable? No, not doable. Not doable. I know the temptation is to say, look how addicted we are and how horrible it is. But to me, that feels lazy. It's not. It's a tool. It's a modern tool.  We don't walk anywhere. We just take cars like, OK, yeah, we probably should walk more, but cars are a tool that we use and we couldn't operate modern society. So, yeah, we're addicted and probably rely on them a little more than we should. But it doesn't mean that they aren't essential. Well, that's my point, though. I don't see it as an addiction, but it is an essential part of modern life. Like, contact, like communication, be able to read someone is invaluable to most people. I mean, before you just kind of like, well, I think they can take care of themselves and they have to have a problem. Well, call me at home. I'll just need to be at home, waiting around the phone, waiting for them to call. I know that it's spawned all these new behaviors to where you text someone before you call them because you don't want to interrupt and you have that ability to send them a short, less intrusive message before making their phone ring. How rude of that.  Yeah, you're old. It's all about me. Now, pick up the phone. I have a friend who's a solid 10 years younger than me. So she's 100% red blooded millennial. And she is a caller. She calls me. And she calls me unannounced. And I really like her. She's my friend. So if I can't answer, I just say, can't talk right now. I'll get back to you. But it's not like when she calls, I go, ugh. It's a person that I want to talk to. But I find it so invasive at the same time. And we joke about it. I'm like a person who will be unnamed. Why do you do this to me? I'm always in the middle of something. You have very bad timing. For a while, she was calling during the show all the time. And I'm like, OK, we got a blackout from 1 to 2.30. Do not do that, because you're going to freak me out. And you're going to do it. I'll think something's wrong. Yeah, you're going to distract me at best. But it's strange. I mean, that's unusual. Because most of us say, don't do that. Just because something is a norm doesn't mean everybody does it, right? True, that's true. And she's the exception to prove the rule.  I want to hear your voice. And I'm like, I get that. Maybe more of us should feel that way. But we're so used to it being like, why are you calling me? I might be in the middle of something. And texting requires less of my immediate attention. I tell you, the one that I can't get used to is not acknowledging that you got the message, right? So many of my friends. That's why I keep read receipts on, Tom. Yeah, but I don't trust them. I'm one of the precious few people who do that. There's so many ways a read receipt can be sent without the person actually having understood your message. I prefer to say like, hey, I'll meet you there at three. And the person respond, great. And then I know, OK, they definitely got it, right? Read receipts, like, did they just tap on the notification by accident while they're doing something else? I don't know. That's not enough for me anymore. No, it's true. It is only it is. Yeah, it's not it's not the same as a proper response. But the reason that I and everyone I know, almost everyone I know is just like, Sarah, you're insane. Turn those off like, how can you live this way? And I'm like, I just don't have like, I don't have anything to hide from any of you. I want you to know like, maybe I'm in the middle of something. Maybe my hands are full or I'm at the grocery store or something. It's like, at least that's a little bit helpful to you that I've seen it. Maybe. It's like, it's my way of trying to help the other person that like, I've seen it and if because I didn't respond, if you don't see that I've read it, then you're kind of like, Sarah hasn't looked at this yet. Although, and granted, if you responded with an OK or a great, then the read receipt would go through. But there are times when I've seen something on my watch and there would be no read receipt because I never tapped on it or anything, but I have read it. Yeah, I, well, and, you know, if we're being totally honest because I have notifications on, I was 10 for messages, it's like, sometimes I see the message, you know, and if it's a short, if it's a long enough message, I only see a snippet, but if it's a short message, like, I've read the whole thing, they don't get the read receipt because it's a floating notification that hovers for a second and it goes away. So if I were trying to avoid somebody, I could if I wanted to. Yeah, I would never do such a thing. I just want people to say, OK, great, you know, whatever. Like, even an exclamation point would be fine. Like, but so many people, that's not the norm.  You know, it's funny. I actually, Heather Frank and I, my co-host, Don had such a good day, another podcast that I do. We had this conversation the other day because we were, it was last week, actually, when we shot our episode 34. And she and we had decided the day before it was like, we were going to shoot at my house at 4.30. And and, you know, it was 4.30. And that morning, I was like, last Wednesday or something, that morning she wrote like, OK, see you at 4.30. And I didn't say anything back because in my mind, I'm like, yeah, like that's 4.30, that's nothing's changed. Right. Like that was the same time as what we did. And then later at about 4.20, she writes like, are you still good for 4.30? And I'm like, yeah, why wouldn't I be? We we agreed on that yesterday. And she was like, I don't just checking. You didn't say anything this morning. And I was like, it's true. I should have because I just assumed that it was just we were still on the same page. But she was like, well, I didn't get a response from you, though. And then the whole day went by and I had to like ask again to make sure like it was OK. I didn't want to just show up if you weren't ready. So I'm like, yeah, yeah, but a little affirmative would have been nice for her. Sure. Sure. By the way, did I notice right at the end of Daily Tech headlines today that it's someone's birthday? It's my mom's birthday. Happy birthday. Happy birthday, Linnell, the best mom ever. She's actually going to be visiting in a couple of weeks. Oh, very cool. Yeah. Not in fact, not this weekend, but the following weekend, I think. She didn't want to come up for St. Patty's Day, huh?  Yeah, it's yeah, a week from Friday. She'll be she'll be here for a nice long weekend. And yeah, I think she's excited to see me and really excited to see Otis. Yeah, I've kind of become like the back burner kid. That makes sense. It's OK. Yeah, yeah. Eileen was happy to be home with me last night. She'll be much happier tonight when Sawyer and Ray are back from the race. The more adorable kids. Yeah, you know, it's just what are you going to do? You can't compete, even if they do roll and poop, you know. Man, I mean, of all the things Otis does, he's never done that. I haven't told Eileen that and I'm not sure I will. Because she gets so grossed out. And even though I gave I gave Ray a very thorough bath just now, I'm still a little damp. I just I'm like, maybe it's just better that she never know that that even happened. Yeah, it's yeah. I mean, it's over now. Can't take it back. Can't take it back. Raise clean. Yeah. You know what else is over now? Our video. Thank you for watching and we'll catch you tomorrow. All you folks, stick around. There's more to come.