Do I'm Braden the best friends now because your IRL name is Braden? Well that's cool. That's cool. Small world, having two people named Braden. Spirits are happy, finally we can go on to the mines, good job. Gonna be beautiful and sunny all day tomorrow, well that's fun. Friday the 26th, look, everything's grown, everything's growing, yay! And we also get a strawberry, strawberry, strawberry, ok let's quickly water up the plants real good. And then we will head into the mine, hopefully get to level 40 today, I've been trying to get that recently, a lot we need to feed the cat, water the cat, you're most likely the only person with the name you have, look at the laser cat, I didn't mean to actually water the cat, we've gone a pedder, oh look, oh kitty, ok sorry I get distracted by kitty, kitty distracts me a lot, ok let's grab our pickaxe and our sword, and some food, leeks are quite good aren't they, spring onions, yeah they're pretty good, pretty good spring onions, we'll just grab all of those I suppose, and the Jojo Cola, nah we'll just deal with that, and let's head over to the mines, we'll go the quick way, because we can't waste time, we're gonna be in the mines all day today, all day, 20, here we go, let's go down, good job, ok can we find the thing real quick that'll be good, we gotta do coal, good job, got another coal, oh there's a ladder, good job, are we playing Wiz this stream too, you enjoy Stardew Valley, I'm just curious because it says helping viewers on Discord, and in the description, all of the stuff on Discord is in my time, so currently for me it's Tuesday, helping viewers was yesterday which was Monday for me, so yeah sorry, no Wiz today, Wiz will be tomorrow on YouTube, is my next stream for Wiz, tomorrow on YouTube, I changed it into my time because it's just easier for me to remember what it is my time, remember what I'm meant to be doing to not annoy all of you real quick, because I just don't actually like annoying you, surprisingly, surprisingly I know, yeah it's Tuesday for me, you're perfectly fine with Stardew Valley, you know nothing about it but the music is cool the music is so good, I love the music in this, can I put it in American Time too, just subtract a day, it's not that hard, I'll do that next time, next week I'll put it in American Time as well, last week I had it in American Time and it confused me all the time, so I'll put it in both New Zealand and American Time for you on Discord next time, and just scroll down on Twitch as well, I'll do that as well for you guys, just because apparently it is confusing, so I'm sorry, I don't mean to be confusing, but the Slymoo is being bad, Slymoo go away, no one loves you Slymoo, Slymoo no, good, good Slymoo, what is this, Topa is cute, it's Crystal, sure thing, are we doing fine for health and stuff, let's see if we can get the ladder down, that'd be great, can we get the ladder, that would be fantastic, just think one day back, yeah exactly, should you add American Time in Discord right now, I don't know if you want to you can, that would be great, tacos, I'm pretty sure you can, if you can just do it, that would be great, just put it in, yeah, do that, thank you tacos, much appreciate you, you're great, great, great boy, great boy, what level does this, level a lot, okay we'll go down, that was quick, elevator, level 25, you can't see that but I can, sorry my face is blocking it, my face blocks the level number, I'm sorry, that was quick, okay we're going real quick, we're going real quick, real real quick, there's a Slymoo, Slymoo no one loves you, you are unloved Slymoo, I don't like you, drop your Slymoo for me though, much appreciate you, okay good, can't have those boys just being annoying all around the place, let's quickly go like that, oh no, go away, go away I don't like you bug, quickly get down, okay good, woo, woo, Alfred and Omega Ring is from the secret boss in the Olympus, I'm pretty sure so, yes, and it's level 90, pretty sure it's level 90, yes, very hard boss you should bring friends, I soloed Glad, I soloed Glad just saying, I soloed Glad so, obviously bad if you can't solo Glad, jeez, that's probably easier on death though, unless you're like me and have no friends, oof, oof, that's unfortunate, okay can we find the letter, easily the sign, that would be great, can we find the letter, I don't know, I don't really know, let's kill you so you don't annoy me, cause I don't like the flying bugs, they ain't cool, goodbye, goodbye, you have been removed from my life, good job, that was a big rock, ten stone, good job, yay, copper, fantastic, gotta get some of that copper, gotta get some of that copper, hopefully we don't get any of those rock crabs, because they're really annoying, I do not like those, do not appreciate them, okay, move, that would be great, good job, good job, good job, we get it you can solo, I'm sorry, I should probably stop robbing that in, Tarkos gets a bit stressed when I say I can solo too much, oh why did I not kill you, I thought I killed you bug, go away, those bugs are the worst things in my life, luckily I'm no longer scared of them because they're actually kinda easy but the first time, holy moly, that was scary, okay good, good job, good job, okay, can we get some health, oh let's use spring onion, yes eat, definitely good job, and another one, yes we need the energy, we need the energies, your death the best to look, I'll say this true, just watch Brent's solo playthrough, yep, exactly, if you need help soloing with death you should watch my solo playthrough, it goes into detail of how you should solo as a death wizard, definitely, I definitely did not just, yep, good job, great at plugging, great at plugging, good job, good job, you should do that more, let's see, let's break this big boy rock, big, can we just break, thank you, literally just want to break the rock, not the ground just the rock, nothing under it, that's unfortunate, you know under the big rocks you would think there would be a small ladder, because otherwise the ladder would just break, we got a geode, nice, I'm happy, we got a geode, there's the ladder, good job, level 29, okay I need to get down one more level before we finish off the mining session, for today we need energy, yes eat the spring onion, spring onion, spring onion, this is how we do guys, we just spam spring onions because they're just everywhere, STS's brints advertising manager, yeah he can have the job, it's not paid but you can have the job if you want STS, I approve of STS being my advertising manager, not a paid job but you can definitely do it, out of the kindness of your heart, I will not pay you for it but you can do it, if you want to do it you can, much appreciated, as long as you don't get annoying, there we go level 30, fantastic, yeah I eat, can I be the unpaid intern, all of you can be my unpaid interns, if you want, I don't know what jobs I'll give you all but you can all be my unpaid interns, not that this is really a business but you can be unpaid an interny, is that a ladder that looks like a ladder, right, no that was not a ladder, it's so dark we need torches, I don't have any sap on me I don't think or wood, I need to get good, get good with the wood, yeah okay we are not doing this level now, this is not good, oh my gosh that was bits, that was bits, I'm in subscribe to a crowd underscore box for many benefits such as cooler motes to use in twitch chat when ever you want twitch chat badge show off your subscription when you chat ability to chat in slow mode in twitch chat subscriber roll on my discord server old roll on my discord server subscriber subscriber only text and voice chat on my discord server ability to change your name and name color on my discord server thank you for those 100 bitty bitties boy thank you STS if you want to take spot number two or even outtake STS you can try STS is generally quite good with bits so be careful but if you want to take spot number two that's right for the taking because it got refreshed overnight isn't that cute really really fun because it's like Monday for you guys like so yesterday okay let's put these back in here what else can we put in there red mushroom we'll do that and put that in there with farming chest makes sense and all of this good boy stuff actually those probably don't go in there nor does that nor does that nor is that all the rest can go into this one we will actually smelt some of this real quick and that should be good actually we need five so let's not do that good job I was actually meaning a geode good job okay let us head off to sleep for the night and whoopsies I went out good job Brent good job wrong button I was pressing q not w good job good job good job okay what did I miss now the voice I know gotta love the British accent you can't take me out oh well that sounds like challenge talk right there you have an infinite amount of bits that would cost over 1.5 million dollars that is true you have a you have an infinite amount of bits you see she kind of dug yourself into that hole there kind of dug yourself into a hole there okay let's see what is today today is the 27th of spring nearly at summer sunny and clear all day tomorrow which makes sense because we're nearly at summer good humor we'll have it extra luck should we go fishing no we're gonna go into the mine because mining is fun we need to get down to level 40 today I want to get down to level 40 so what we're gonna do we are gonna collect our stuff we're gonna take our bread and actually see we had bread last time but we did apparently um can we cook some of this stuff I don't even know like I don't know we will collect strawberry I don't know if this is gonna grow I don't know if the thing is gonna grow on time because it's been taking a long time because at the end of the season everything dies that hasn't like grown so the beans will die this will probably die because that finishes on the 28th so tomorrow last day of spring tomorrow's last day of spring it's kind of weird saying that but tomorrow's last day of spring summer hi kitty thanks for the love thanks for sleeping with me last night much appreciate it here's your water for the day don't drink it all at once um let's put that away strawberry gives a lot of energy we're gonna take the strawberry might as well might as well let's get off over to the geode breaker opener actually I need more stuff I need more stuff to refill energy even though this gives a lot we're just gonna take a whole bunch I just prefer taking a whole bunch of stuff let's take like two of those we'll take um we'll take all of those today might as well take the green beans as well sure why not um two plus two equals four minus one that's very quick math that is correct who slept with you last night print my cat kitty kitty slept with me last night kitty slept with me last night oh there's a job whose job is it um fresh copper bar we can do that we'll do that tomorrow we don't need to do that today we've got heaps of copper bars so that's not too big of a deal um we're gonna go down here hello oh the ice cream stand is gonna open up soon that's gonna be fun that's gonna be cool salmon and his ice cream stand is an eight it's nine oof we gotta wait um you found me what's this what is this what is this brunt brunt I need the brunt or brunt good job good job good job guys good job please don't call me brunt don't call me brunt I like brunt I like brunt I don't like brunt um I'm sad he didn't read your read my brunt and need joke I'm sorry where was that I didn't see I didn't see it every day a brunt and he goes hungry for just 10 bits a day you could help a brunt and need that is true that is true just 10 bits a day you can get them from ads as well especially if you're on mobile just just click on bits get bits that you can click like watch and add and apparently apparently you can get like 10 bits a day I've tried it it's scientifically proven we just wasted like 10 minutes good job um processed geodes how much are we getting we got some poop we got poop yay we got poop guys ha do you like our poop I love our poop right we can donate the poop we can donate the poop we got poop we can donate poop we gonna get a reward for the poop I just know it he loves the poop he loves all and getting a reward what ragged ragged he doesn't like poop he doesn't follow my religion does he obviously not disappointing disappointing Gunther disappointing I'm not impressed with you honestly just not impressed could have at least helped me helped me out with my religious my religious training but that's fine Brontism Brantism Brantism I prefer Brontism I think that is the official name of my made-up religion that follows the God Almighty Hybron he is almighty and high all the time don't do drugs kids don't do drugs yes let's open up Susie mines gonna go back in the mines we're gonna get level 40 we are going to get level 40 and there's no question about it there's a forageable right there good job let's get to level 40 oh we forgot torches damn it oh well that's fine you know what we'll just deal without torches you can not see anything that's fine right I can't see anything you can't see anything everyone's happy I just have to oh there's a letter good job we found a letter oh this one's light that's cool actually wait this one should have a letter already unlocked right from memory if I can see okay that's a wall we got you go to get a good job that's a wall that's a wall here no okay that's oh there's a thing there's a zombie oh gosh it's a zombie I don't know I've never been this deep I've never been this deep even when I played by myself I never went this deep this is new territory for me I know there was zombies they take a lot of it geez okay they drop rocks interesting wouldn't really think the zombies would drop rocks but you know what that's cool years of playing Minecraft did not make me expect that where's the letter where is the letter rigged bugged we can't do it what where's the letter oh there's more oh gosh there's more I found more there was a downwards but good job good job maybe this is where the zombie came from that was probably where he came from I'm guessing okay can we find the letter that is that smashing sound just makes me so so happy I just love hearing the bugs die I hate bugs so you know I just love hearing that squish sounds a bit gross but I love hearing that squish oh look copper good job copper copper copper there's a bat ah I saw that coming oh there's more of them there's a lot of them we're gonna die we're not gonna die we ain't dying today we're gonna back swing good oh look there's a letter let's quickly just break this thing because sometimes there's food in there nope not food in there today one any any monstrous any monstrous not today not today oh there's a monster I saw that I saw that bat out of the corner of my eye here we go I have an eye corner guys be careful okay okay look at that fantastic we did it we killed the bat we killed the evil bat that was trying to eat our brains wait that zombies good job good job brain you're good oh there's a letter good job look at that these zombos zombos get out don't go on the elevator no don't go on the elevator um Brent is in a religion that follows the god named Brom that is always high yep definitely the high almighty god Brom be careful it's a it's kind of a cult religion be careful it's a trap it's all a trap um okay can there's another one get lost I don't like you you're not called you make weird sounds we don't like a lot of damage you see no one ever like water so it's like one damage good job um I don't even know how they spawn but they're kind of spooky not gonna lie kind of spooky um that's a wall okay good to know um um a traps gay I don't know are they did you ask them a question did you ask them did you win I didn't win there's a zombie bye bye bye bye we did we did he's trying to sneak up on me and I can't see because it's dark you can see his glowing with eyes but that's about it I think the letters form as well but I can't actually see it's so dark are we taking damage we're taking so much damage get lost okay good is I think the letters here right no maybe not that are what what did our sword do I don't know what our swords doing but it's making weird noises maybe it's saying it's not good enough for me that's what a lot of people say um literally don't know the way down like I am literally like stuck oh there's a letter found the letter we're gonna eat a strawberry strawberry okay that didn't ask a job strawberries are great yep eat the strawberries um I'm back and you say I just don't go up to a trap and say did you win that's a really good idea the high almighty brawn says that's a good idea really good idea don't do that um okay goodbye oh we got set we can make torches wait no we don't have wood good job I need to bring wood I need to get wood there's a bat there's a bat I heard the bat there's a bat there it is you have to have like your senses on point in this game like you're hearing and you're looking sometimes just got to have them on point there's a bat where for art thou bat I hear you maybe I don't hear the bat um okay can we do this I don't know where is the letter who bloody knows could be anyway there's a that's a no I was about to say that's a lake isn't it there's underwater lakes which is quite cool um there's a bat there's a bug of some kind oh there's a torch we can actually pick up these torches which is really cool and we can use them over the places which is really cool um so if we ever get lost don't know where we're going we can always put down a torch now because we got that actually let's put that into like number that spot there um we're at level 38 just so you guys know because I know you can't see that um level 39 um you just lost rip rip his tears rip his tears and chat that'd be great um can we find a ladder we just need one more level then we get to another chest probably we get another quest that's for sure didn't actually mean to say cheers but um I didn't even buy bug bye think you're cool you're not wrong fake news um okay can we find a ladder that would be fun ah oh gosh that actually scared me I heard something I'm like what the hell is that noise must have been that okay that was me slightly getting afraid but not really that we little are you're lucky I didn't actually like properly scream because I do that sometimes I do that we got an amethyst that's cute we got a stone that's cute still don't know where we're going so we could be here for a while we literally just need one ladder and then we're good it's like 9 50 p.m we've got to get home soon but I need one ladder okay we need to eat eat bread yes eat the bread eat the bread okay we just need one ladder can we just get a ladder please like literally all we need there's a bat coming I hear a bat I hear a bat we just need a ladder oh my guac holy guac where is the ladder just give me the ladder literally just want the ladder I might have to make a staircase we surely have enough stone yeah we're just gonna make a staircase um just because I want to get down to the next level um um what is the crafting crafting here staircase do we 99 stone gosh down it there's a bat yep I heard the bat saw the bat saw the bat out the corner of my eyes again there's no ladder damn it I thought that was a ladder the lighting looked a bit different which was not a bit okay we need to eat something real quick this is like a 11 p.m we may not be able to do this oh gosh we need to find just a single ladder just one ladder just the ladder we've probably missed it like it's probably already been like we've probably already passed it to be honest but I just can't see anything I mean I would put down the torch but like oh if we hold it in our hands we can actually see that's a good thing did we miss it quickly I need to figure out did we miss it I just need to get down one level otherwise we're doing this tomorrow um okay we missed this rock here and this one here did we miss it I don't know um oh I know it's sleepy times we missed it we didn't have it okay we're just gonna do like one two three four we got it on the geode well that's good see look we get luck at late at night I swear my luck just it's gonna be this last rock isn't it no it isn't okay well I have literally no clue let's um leave the mine real quick run back home we are gonna be really late to bed it's already 12 30 this is not good this is not good this is not good like not good at all hopefully our cats warmed up our bed though hopefully kitty's like being a good boy or girl I don't actually know what it is sometimes I say boy sometimes I say girl who knows I'm sorry kitty um you remember that face giveaway kind of not a giveaway but yes I do that's still happening I haven't promoted it enough but yeah that's still happening it's a competition that is actually true it is a competition not a giveaway oh look our cats didn't drink all of her water at once it's water still don't know if it's a boy or a girl this is the last day of spring and we actually know tomorrow's don't worry yes well we didn't get captured oh look level three mining one pickaxe efficiency new recipe minus trade


It's today to discuss issues associated with the licensing of new uranium recovery facilities. The recovery of uranium is used in the supply of fuel for our nation's nuclear industry. It's also a very important environmental issue to those that may be affected by the increasing number of in-situ recovery and other mining activities that are already underway or being planned. The NRC coordinates with many federal, state and tribal partners in our regulation of recovery operations. We also interact with citizens groups on this issue. The commission is interested in today in hearing their perspectives on uranium recovery and the NRC's role in assuring their health safety and protecting the environment. First this afternoon we're going to hear from a panel of external folks representing a variety of topics and viewpoints on uranium recovery. Let me ask that each panelist keep their remarks to 10 minutes. We have a great deal to talk about today and please be respectful of the time and please pay attention to the timing lights. When they go red you are out of time. We also have a number of ongoing adjudications related to specific in-situ leech sites. The commission and the panelists have all been provided a list of those issues in litigation and we've requested the panelists not to discuss any of those issues as they relate to a specific site. I also ask you to consider avoiding the use of acronyms so the public can better understand what we're discussing and need to. During a short break we're going to hear from a panel of NRC staff on recent licensing actions, environmental review efforts and associated interactions with the affected public. Before we begin now we are going to hear from the NRC staff and I will turn it over to Mike Weber who is the acting executive director for operations. Thank you chairman. Good afternoon. Good afternoon commissioners. To appear before the commission today and make a presentation on the staff's uranium recovery program, uranium recovery is a small but important part of the agency's program. About 1% of the agency's resources are devoted to the uranium recovery program where we focus on ensuring protection of people and the environment. It's also important because as the chairman pointed out in your opening remarks uranium not only fuels the nuclear power plants and the research and test reactors but is also used in fabricating the targets that are used to prepare medical isotopes and for other applications. In the last several years uranium recovery has seen renewed interest in the United States. This is driven by not only the increase in the price of uranium but also in the exploration this year of the megawatts to megatons to megawatts program and thus we expect that some of the imports that have been occurring over the last several years will no longer occur and thus it drives more of a domestic interest in the uranium supply. To provide our presentation today I'm going to turn it over to Mark Satorius. Mark's the director of the Office of Federal and State Materials and Environmental Management programs and his staff to lead us through. Mark? Thanks Mike and good afternoon chairman, commissioners. The next slide please. Today we discuss the uranium recovery program with a focus on the licensing of new recovery facilities and covered the substantial progress that we've made since we last briefed the commission on this program in March 2010 and also to go over a few of our challenges. With me today are Drew Prasinko the deputy director of the Division of Waste Management and Environmental Protection, Bill Wontill who is the branch chief of the, it's the branch chief of the uranium recovery licensing branch and Kevin Shea who is the branch chief of the environmental review branch and they will be covering topics as we go through our presentation. Before we get started a couple of key messages that I'd like to share with you is that the uranium recovery program consists of new licensing, managing existing facilities, inspections, guidance development and outreach. Planning and budgeting are based as you've heard on the previous panel on letters of intent from applicants that provide applications submittal dates. We have undertaken a number of program efficiencies which include the development of a generic environmental impact statement and conducting pre-submission application reviews. And lastly the focus is gradually shifting more to oversight and inspection as new sites are licensed and put into operation which results in less resources available for new licensing. Could I have the next slide please? As you can see from the slide the price of uranium was stable for quite some time bouncing between $10 and $20 per pound in the 2006 to 2007 prices soared as Commissioner Sineke mentioned earlier. For many reasons one being such as the indication of a nuclear renaissance for both new build here and abroad. Since the peak in approximately 2007 the prices fluctuated between $40 and $80 per pound. We are now seeing a large growth in applications over the next several years based on the letters of intent that we've received and as has been mentioned before we have faced and continue to face a challenge in planning and budget execution due to the inaccuracies of some of these letters of intent. These letters of intent have traditionally turned out to have an inaccuracy of about 40 percent so if we get 12 letters of intent to come in in 2014 we may actually get three or five in 2014 with the others being coming at later dates when funding may be available or other implications may have been satisfied.


Welcome to Jalassette News, the top stories in crypto and a big amount of bite-sized pieces. Today just the thumbnail suggests there's some good news on the horizon and we really are in the right place at the right time. The problem is sometimes we just have to take a step back, not take ourselves too seriously and take a look what's going on around us as far as the big picture. So to do that we're going to first we're going to do a little update as far as like what happened with yesterday's video, a little bit of error on my part. We're going to take a look at who's actually getting into or on the block. We're going to take a look at how Brian Brooks, yeah that Brian Brooks from the OCC is now in the realm of Voyager as far as the brokerage Voyager, cryptos and digital assets and lastly we'll take a look at some pop culture and how Gwyneth Paltrow getting into crypto. So before we do all that first let's take a look at what is going on into the market. So today, another sideways days, I mean it's 0.35% up and all the different tokens are either sideways or a little bit up. I think Luna had a pretty big day so congratulations all you Luna holders. Not really too much going on for there but I really want to do is just get into today's or one of the top stories and one of the things that I need to really talk about is yesterday's video which we had it was all about the big mistake and I and I talk about how you know there's just one thing you really shouldn't do and what I did was I there was an old video featuring Nick Murray. Nick Murray if you don't know he's been in Wall Street for decades. He's been the investments game for like 50 plus years. He is the advisor to the advisors and what's crazy about it is that he's seen everything and been everywhere you know as far as like investments and he's still so optimistic and what makes him optimistic was really three parts and we talked about the other video actually there was supposed to be three parts where he talked about just look at the history just look at whatever going look at the trend line and the last part was the big mistake and for some reason I had cut it out so the big mistake in all honesty was on me so I want you to listen it's only one minute and it is and I've actually posted this on Twitter twice because it was so good this is the best investment advice I have ever gotten and when you listen to this think to yourself how many people try to make things so complex when it doesn't have to be that complex listen to a gentleman who has 50 plus years of experience just break it down in the simplest way you possibly can get it let's take a listen. The stock market in the United States in our lifetimes I mean since World War II has gone down an average of 30% an average of every five years kind of whether it needed to or not and what was the difference in all that time between investment success and investment failure I will argue that it it was the single mistake of mistaking the temporary declines for a permanent loss panicking out thereby creating the the permanent loss that you were that you said you were fleeing from right whereas if you had just sat there never mind adding to your positions which most people should be doing over most of their accumulating lifetimes if not all of their accumulating lifetimes but but put that aside put just if you just sat there the temporary decline will go away and it will and it will be then followed inevitably by a period of above average returns that's the cycle doesn't that make sense and this and like yesterday you'll see me had cut it out I want to say the same thing which is this it doesn't matter like it just it's the same thing he's talking about in that minute is the same thing we've been talking about here on the channel forever dollar cost average when in doubt zoom out don't spend more than you can actually afford to lose and just look at the big picture what's going on we know right now the market is not the greatest but just like nick had talked about things going to be okay because in the long run works out so let me know each thing about that in the comment section let's move on to our next piece we talk about look who's on the block and I think this is just one of those pieces where you have to take a look and step back and go okay well this is some of the good news that we've been waiting for that's already out there that I think we forget about because we're so focused in on what's happening in the market which is hey we didn't had 100,000 bitcoin hey we didn't hit a ethereum 10k so I know it's disheartening but again I still think we're in the right place at the right time just gonna take a little bit more more time so the first thing this was a tweet sent out by blackworks if you don't follow them they're at blackworks on twitter and just talked about hey these are the businesses and industries that are getting into crypto and to prove it here's the different postings that they've had for all their jobs the first one is reddit reddit is hiring a senior engineer to help them build an nft platform for millions of people to trade nfts this they state that nfts will play a key role so that's one that's pretty good I think uh a lot of us have heard about reddit so that's very nice also facebook meta looks to integrate crypto and payments and of course yes they try to do uh their their libra that failed and then dm I don't know where that's going but it looks like they're probably getting the hint that they can't control everything so hopefully they're getting more crypto the manager will be responsible for redesigning amputation of process that that support payments and cryptocurrency so even you don't if you think well they're just going to use their own thing sure but look at this visa is all in on crypto they have a partnership with usdc they have they have a posting for the director will be responsible for creating new revenue streams via new crypto products maybe visas coming out with their own thing also be responsible for seeking interesting investment opportunities also walmart walmart is hiring a crypto expert lead to lead its crypto strategy and a product creation job also hints that walmart will seek to invest in crypto related companies and there's the ad right there digital currency crypto currency product lead blockworks i mean sorry amazon amazon aims to help increase crypto adoption job indicates that the expert will work with financial institutions and help them drive change in crypto job role hints of the firm will also help companies custody their digital assets which is no surprise because amazon likes to do everything that they get their hands into fidelity trillion dollar asset manager they've been around for quite some time and they've been in crypto now they're actually looking to hire more people apple looks to hire an expert to lead an alternative payments partnership candidate should be experienced and working with digital wallets what does that mean to you the firm ceo recently disclosed that he owned crypto so why wouldn't apple be getting in on it and then also jp morgan i'm just gonna skip that nobody cares nikey is hiring for the metaverse and they've already actually gone to a company to scan and put their a representation of their products of shoes into the metaverse i forgot the name recreate i forgot but they've actually already done it but and they're gonna actually get more into it virtual material designer too or as it states more for the metaverse plays and that's it for what we see right here but just remember this it's not just those companies think about all the banks all the hedge fund managers all the different people that have got into it that just three years ago we're laughing at us laughing at us and now here they are trying to join us and you know what i'm happy i'm glad they're here and i'm ecstatic of what this is so again i know that we sometimes we we see a little bit too narrow if we just kind of zoom out and see how things are going i think things are looking pretty good let me just think about that in the comment section let's move on to our second to last piece i think this is pretty big bitfury ceo brian brooks joins board of voyager digital if you don't know this guy uh he is the former occ officer of the com troll of the currency for the united states and if anybody can help you guide and navigate through regulations and really is a smart individual to really get crypto where it should go this is the guy and guess who snagged him well voyager did for some reason he was with at binance us for a little bit and that did not last long i would love to figure out exactly why didn't work it was a vague response but you know sometimes you just go to where quality goes so this is where they stayed former acting comptroller of the currency helps to build firm out or voyager its platform globally and navigate the regulatory environment here's what's going on brooks joins the board as an independent non executive director and his appointment is effective immediately not next year right now and he states as one of only two publicly traded crypto first trading platforms with exponential funded account growth of 23 times this year voyager has already proven in the marketplace so says brooks i didn't say x x occ did the next challenge for the company and when i look forward to being part of is building out the platform for global scale and navigate the regulatory environment in the us and beyond brooks became the ceo of bit fury i just another company mining application a6 operating of money data setters in october and now he's joining over to voyager i think he's actually having dual dual rules and he stepped down from the as a ceo let me know in the comments this is how i read it uh he added on his profile page that and this is pretty interesting about again where brian brooks is because it's not just like he just sat in a position and do anything here's what he did he led federal efforts to modernize the national bank charter expand the scope of market place lending partnerships reform and modernize the community reinvestment act and define the scope of permissible crypto activities while in the position he also launched project reach partnership of large bank ceo's fintech founders minority deposit institutions and civil rights organizations to correcting barriers to financial inclusion for underserved americans brian brooks is extremely well versed in crypto banking and legal and regulatory aspects of crypto voyager chairman philip etan said and finally he states he can assist voyager in the next phase of our growth around the globe especially as we expand into nfts defy and the metaverse so look i know some people have been have had problems with voyage in the past we talk about growing pains i do my best to reach out to voyager and get those things rectified but um you know in all honesty things have actually been going pretty well for them for quite some time even though there's a little bit gaps but nobody's perfect however what i do like about voyager and you have to pay attention to this is look at the different projects that not only have a good team but continue to grow and actually expand what they're trying to do in the best way possible so not only do you have a solid team in the beginning but you're like okay we're going to do this we're actually bringing these people here we're going to actually grow into the eu we're actually going to have this this different program that we have as far as like the token performance program and just take a look at where things are going and how they actually build on improve so let me know what you think about that in the comment section and lastly this is just for funsies gwyneth paltrow is in is now into crypto but just like um you had uh megan v stallion and a couple of other celebrities they're working with cashf and it states uh here this is from gwyneth's uh youths or twitter account buying crypto often has often felt exclusionary in order to democratize who can participate at cash app is now making easy to get bitcoin i'm giving out half a million dollars with a bitcoin for the holidays check that out follow that cash app plus drop your cash tag below with cash app gifting to enter and that's what's going on so look i know right now this is not how we wanted to end 2021 but in all honesty i think we're still in the right place at the right time and just like nick in the very beginning talked about don't mistake these short-term dips for long-term depletion of funds really in essence is what he's saying look at the big picture and look what we're going and look how things are building anyhow that's it for today so look i know it was quick a lot of things going on but if you like today's video give it a thumbs up also consider subscribing i think we talk about our time sensitive and that's it for today so thanks so much for watching i appreciate it and i'll see you on the next one


when we look at what drives higher interest rates that obviously as those of us who are within the housing market ultimately end up feeling the pinch. Yes, thanks for having me. So when we talk about the influence of high interest rates on the property markets of Africa, you've sort of nailed it. Thank you for that good evening and welcome to episode 451 of the Private Property Podcast. I'm your host Uzaman Dongwa, Kumailo. Now tonight's conversation is one that I'm very excited about, but for the wrong reasons. I think I get excited about it because we know that when you're operating in different fields, property in particular, there are different macroeconomic factors that come into play that you always need to be mindful of and certainly always need to get a grasp of because they have an impact on your home ownership journey or even on your home acquisition journey. And we saw that happen, of course, last week when the Reserve Bank Governor increased the repo rate by 25 basis points. And we saw that now interest rates have increased in South Africa, meaning that you're paying more for your, you know, all the debt that you have effectively paying more for it in terms of the interest that it is charged. And we talk a lot about negotiating your interest rates and understanding, of course, that a lot of us are going to have a variable interest rate on our home loan. And so you always want to get a sense of, well, what exactly informs how our interest rates even come about, what are the factors that lead to this up to even increase the interest rates. So we're going to be looking at the impact of, you know, interest rates, the activity around it on the housing market in South Africa, how it impacts you as a buyer, as a seller. And of course, if you are in the rental market, and as a property investor, because I think the big thing is that property investors, this is an amount that eats into your bottom line. So if you're, you know, paying an extra 500 grand, for instance, on your home loan facility, it's eating into your bottom line. So it's a question of, did you adequately budget for it when you acquired your particular property, or you were literally budgeting on the tail end of things and counting on such variables not changing. I want to find out from you, certainly, what you feel about the increase in the interest rates, did you budget for it? I think the big thing is, did you budget for it?  I think that's quite the big one, because we want to make sure that when you bought at the lower end, you're ready for the increases that we know are inevitable, and we're already seeing them right now. So let us know in the comments section, and help us get a good sense of the impact of interest rates, and the different, you know, factor in geopolitical factors that happen, not just in South Africa, but in other parts of the world. I'm joined this evening by Masal Dutoy to the CEO at Lead Home Properties. Masal, good evening, and thank you so much for joining us on the show. Hi, good evening. Thank you for having me. It's such a pleasure to have you with us for the first time on the show, Masal. I think the big starting point that I want us to explore is the effect of the increasing interest rates, and obviously we know inflation is also on their eyes on the overall housing market in South Africa. You know, what are those factors that come into play when we look at, you know, what drives higher interest rates that obviously as those of us who are within the housing market ultimately end up feeling the pinch? Yes, thanks for having me. So when we talk about the influence of high interest rates on the property markets in South Africa, you've sort of nailed it. It's very much to do with cost and how much can you afford as a consumer. And obviously with interest rates goes up, the cost of borrowing goes up, which as you said eats into your bottom line. The interest rate hike of 25 best points that we saw announced this week was a third hike of 25 best points in a row since November, which meant we've gone up from 7% prime interest to 7.75% in a matter of three or four months. Now that in itself needs to also be seen in context. A 10% prime interest rate that we had prior to COVID-19 and prior to the cuts in order to simulate the economy. So there's still a 2.25% give in the interest rate of current interest rate versus prior interest rate. However, the reality is that the Reserve Bank has indicated quite strongly that we need to brace ourselves for what they call normalization of interest rates. And all my economics buddies keep telling me what that means we're going back to 10%. And so I think as consumers, when you talk about budgeting and you talk about how much can you spend on your mortgage, we really need to start thinking about what is that sustainable interest rate that you can afford your property on what should you budget for. And I strongly advise that as individuals, we look at some of between 9% and 10% prime given what the Reserve Bank has indicated. When we want to speak about the factors that influence interest rate clearly, the biggest single one is inflation. From a Reserve Bank perspective, there's only a couple of tools in the arsenal that they can use to counter inflationary pressures on the economy. And it also depends on whether inflation is perceived to be demand pool, which in the basic term means that people are earning more money and they're wanting to spend more money on goods. That's for instance, what we've seen in the US where the government underwrote $2,000 for each person in the country, they then went and spent it on Amazon that pushed up the prices on consumer goods. That's a demand also of inflation because it means the demand for goods have come up. That's a good inflationary pressure to add. And that is usually what you can manage quite easily with interest rates. What we're seeing in South Africa is cost push inflation. That means that it's not because of the inherent growth in the South African economy or inherent growth in wages and money in South Africa or supply of money in South Africa. It's because of things outside of our control that is pushing up our cost of living. And that, as we've discussed tonight, the war in Ukraine is having a huge impact on us. The reality is that oil prices have skyrocketed. When COVID hit, I think oil was down at $20 per barrel. It's now north of $100 per barrel. That's a significant increase. And so those costs eat into every aspect of our life, driving your kids to school, transport to get commodities from the mines to refineries, agriculture, getting goods traveling across the country. And unfortunately, that, those costs gets passed on to consumers, including at a 15% plus year plus 15% rate. So cost push is really the worst of all worlds in terms of inflation pressures. And the main way that governments and reserve banks can deal with that is to put up interest rates. And so that's sort of where we find ourselves today is the reserve bank indicating that increasing interest rates and getting back to normalised interest rate is their preferred method of countering this negative cost, cost push inflation. The offshoot of high interest rates obviously is a stronger currency. And we've seen that over the course of the last week or a week ago, the RAND was trading at $30 to the dollar. Today, the RAND is trading at $49.50. And that's because anytime interest rates goes up, international investors are willing to move money from one geographic area to the other because they're chasing yield, yield being high interest on the money they put in the country. So there's good as well, but they're significantly more bad in the short to medium to enforce the African consumers. This evening, I'm in conversation with Marcel D'Toy, who is a CEO at Lead Home Properties, looking at the impact of the interest rates and interest rate activity on the housing market in South Africa. Of course, there are different factors that have led to not only the decline but certainly now the steady increase that we've been expecting in terms of the interest rates. And we're going to be going through those shortly. And of course, how years of consumer can be best prepared and also how to navigate those times because I think in as much as we've kept saying rates went down quite significantly, they're going to go up and they're not going to stay low for an extended period of time. We know that there's still quite a number of consumers who still got into either unsecured debt or even went and acquired some properties. But I think that's quite a big thing. And all the analysts and economists that I've heard speak, talk about the importance for consumers to buckle up and where you can pay down as much of your debt as you can. So if you've got any unsecured debt, certainly pay that down. And of course, with your home loan facility, if you can afford to try and put in extra in your home loan facility. Now, Marcel, one of the things that you mentioned, of course, was that we've seen that the Russia-Ukraine crisis has certainly had an impact, not just on the housing market or interest rates, but certainly on other factors, commodities markets, the price of oil, the price of wheat, the price of flour. And in many ways, many of us across the world actually, not just in South Africa, are feeling the impact in different ways and in different shapes. Let's perhaps look at how geopolitical factors and some of these macroeconomic factors do actually play a role in the interest rate that we ultimately get in South Africa. Because I know that with many South Africans, and I used to be like this before, before having the benefit of studying the stuff, but we always wonder where we even get these numbers. I used to watch the Reserve Bank governor when I was younger, and I think back then it was actually Mr. Mohini, and we always wonder where do they get this. And I mean, obviously now with the benefit of having done applied macroeconomics and all sorts of other courses, I have a better understanding of why that is. But I think for the benefit of our viewers, how do these different geopolitical factors, macroeconomic factors, and even black swan events, I mean, we saw it in the onset of COVID, having an impact on the interest rate that ultimately gets charged locally and of course in other markets as well. It's crazy, right? I mean, all has changed so much. So we are all connected, or we're all connected, no matter if you're sitting in Russia, or if you're sitting in the US, UK, Germany, or Zambia, or wherever, we're all connected. A movement in climate, in Argentina has got an impact on our group yield, and the prices we get in foreign aid yields in South Africa. So the reality is, given the international trade markets, we're all connected. And what happens in China affects us. What happens in the US affects us. South Africa's trade relationships are mainly with the Western countries, or so-called the West, as opposed to the East, but notwithstanding anything that happens in Zambia.  It drives up wheat prices. And unfortunately, that's just the way of the world. So we're not isolationists. We're a globally connected country in a globally connected world. Black swan events is fascinating. And I think thinking back, I actually had a presentation to my whole company, Lidon this morning, because it's about two years ago exactly, when we were in lockdown. And nobody saw it coming. I think the beginning of March 2020, we're sort of thinking about this thing called coronavirus, and what are we going to do? And the reality is, you know, Black swan events are out there, and it's going to happen. And so the question becomes, how do you incorporate that into your business model, right? And how do you incorporate that into trying to run a successful enterprise? And as a consumer, how do you incorporate that into your own budgets? And I think the biggest lesson of these Black swan events is that you need to have sort of a buffer, whether it's as a private individual who's got a home loan and a family that you want to support, or you know, even your sister yourself, you need to have a buffer so that when these Black swan events impacts interest rates, you've still got a little bit of savings that you can dip into. Obviously, it helps to have sort of a view that you can put away money every month, even if it's as little as 100 grand, it all starts pulling up. So yeah, I mean, Black swan events is here. I think we've all learned a huge amount about how to run a business. But I think importantly, the thing that nobody saw coming, and the viewers can tell me in the chat or the conference box, if anybody of them saw it coming. But certainly, nobody saw coming that COVID was actually going to have a usually beneficial impact on property prices. What we saw, definitely after the first nine or 10-week lockdown, was that there was this built-up demand and people had sort of been cooped up in their houses and thought, you know what? I am going to go and invest in that property that I want to live in because now I'm going forward. I want to study space. I need space for my children that are not in my room the whole time. I want to fire the internet and I really want to invest in making my property not just a place to live, but also a good place to work. So we saw a huge sort of behavioral change in how home owners, existing home owners, saw home ownership. So we saw a lot of selling, moving to areas where people could afford larger prices, a lot of semi-gration out of sort of the center of Joburg into out-of-the-line areas like the West Rand or East Rand or even down to the South Coast. And then I think what followed on from that was the significant drop in interest rates, which meant that suddenly you had all these first time, all these really good tenants who had really good credit scores who sort of realized, hold on, I don't want to be paying off somebody else's bond. I'd rather take my rental money and put it into my own bond and build up my own equity and my own wealth over time. So we saw the rental market go through a significant decline, as I'm sure you guys have seen and we've spoken about, where prices came under huge pressure and the first time buyers market booming, people being able to afford home loans and invest in property to invest in their own future. So these black swan events are fascinating. I've certainly written down the notes that one day when this happens again, I'll learn from the mistakes I made in this time round. You know, Marcel, I think the one thing we're hoping that we don't get to experience another black swan event in our generation, although it doesn't seem like that will be the case. I mean, I'm seeing a lot of analysts saying that we're likely to have more pandemics. They're going to look slightly different, but we almost need to buckle up. The era of, I think this generation, certainly this generation of millennials, we're going to be the generation that has experienced it all. So by the time a lot of millennials reach 35, you've likely been retrenched already, you've gone through the housing crisis, certainly the older millennials, you've also now gone through and are going through COVID and have had to navigate that. And of course, the financial implications of all of those. So we are a unique generation in that sense. We're having many lifetimes squeezed into a very short period of time, unfortunately. Now I want us, Marcel, to stay with this trend and then look at what then does typically happen, particularly in the housing market, whether it's even the rental housing market, the behavior of sellers and buyers in periods of low interest rates, and as they rapidly increase. So what kind of behavior do we typically see in the market when we're in relatively similar, in a similar environment? And we already know we're going to get the increases. Where do we expect the behavior to go based on what we've seen in the past? I'll gladly talk to you, but I just want to comment on your comment around seeing so much as a generation. I think what if, you know, privilege is it for our generation to experience this? Not only did we go through the financial crisis in 2008-9, we've now gone through coronavirus. And there's significant lessons to be learned out of both of these Black Swan events. And the first thing to say is it's going to happen again. It's going to happen the next 10 years or 15 years. But when it happens again, make sure to buy equity at the bottom of the market. So make sure that you do that. Depending on the type of event, understand the value of property as a primary asset, and therefore make sure that you're in a good position. So I look at it and I think, of course, it's been horrible.  But I think from a financial perspective, a phenomenal opportunity to learn lessons for yourself and to start thinking about how do you make sure your position in a way to take advantage of these market forces when the next Black Swan event happens. Just on the second part of your question around buyer and seller behavior when in high and low interest rates environments, I think the first and most obvious thing is when interest rates are low, prices are higher.  So a very simple example is if you are going to, if you've got 10,000 grand free cash that you can apply to a bond after now, your salary and your PAYE and your food and your petron, all that stuff, you can see you've got 10,000 grand. At a 7% prime interest rates, you know, that equates to a roundabout a loan of 1.3 million grand that you will get for paying 10,000 grand a month. And so when you then have a 1.3 million grand, you are going to go to a homeowner and you can offer them 1.3 and that you hopefully you'll transact that price. But at 7.75% that we, the prime interest rates that we are now at for the same 10,000 grand, I can only afford a house or a loan of 1.23 million grand. So it's a 70,000 grand differential over the course of a 20 year loan in terms of selling price, right, that I can afford to offer my set. Now that's again got two implications. One is that sales prices are going to come under pressure. I think over the course of the last two years, we have seen quite nice growth somewhere between 4% and 6%, a little bit higher in different pockets in South Africa. But we've seen really nice price growth coming through, but that's going to come to an end as interest rates rise. When interest rates are higher, people can afford less of an offer price for the money in the free cash from the pocket. So that's the first thing, low interest rate environment, high prices, high interest rate environment, lower prices. So that's from a buyer's perspective. It's both from a buyer and a service perspective. And then the second thing is that people need to know is that obviously even every person, as you as you noted earlier, needs to make their own sums and look at what's the differential between lending money at different rates. If I've got an investment and call it, I don't know, a high yield bond or equities that's giving me 9% per year versus my home loan that's now giving 7.75%, it still makes sense to earn money in the 9% environment. Can you earn 1.2% more? But the reality is, if you've got cash sitting in a 2% a yield environment, and you're not buying 7.75%, it makes sense to put that cash into your home loan.  Well, Marcel, that's where we're going to leave it this evening. Thank you so much for joining us on the show. Thank you very much. Appreciate your time. And that is Marcel DeToy, who's the CEO at Lead Home Properties, wrapping up the Tuesday edition of the Private Property Podcast with myself as I'm a don't walk home alone. It has been a pleasure to be with you this evening. We're back on your screens tomorrow at 7pm. Until then, hoping you're staying home and staying safe.


What's up everyone, it's your girl, Kenzie here from Layton Sports Cards and I am ripping 2021 Leaf Trinity Baseball hobby six box break Number two random teams. Here's the look at the random results You can always find these at Layton Sports Cards comm underneath the results tab and the link is also in chat for you Alright best of luck everybody. Here we go See some more big names very nice first half case again We had Marcelo Meyer, Blaise Jordan, Colson Montgomery Zach Veen Trace Sweeney Betty Montgomery just some of the the bigger names Max Muncie. I don't know what it is Never open Leafs boxes for something Alright first one up. We've got red acetate out of 50 and Noah Miller Noah Miller That is a twins hit Twins on that one Yeah, 130 is pretty reliable too. Got to 75 auto of Michael McGreevy Michael McGreevy gravy Cardinals Cardinals hit Got to 75 a Cooper Kinney Cooper Kinney to 75 It's raised I believe Raise hit there to 75 Got three-colored patch auto Spencer Strider Spencer Strider, I believe Braves. Yep Braves hit there And we've got an Ethan Wilson auto Ethan Wilson Wilson Phillies on that one and Nice about acetate base rookie Otto Kalil Watson For the Marlins there you go Miami Nice Watson Miami was Matthew L. Here you go Matthew. Nice Watson auto Heck yeah, there we go. That was pretty easy We've got five of five Noel v. Marta. That's a beautiful finish to that card Noel v. Marta Noel v. Marta Mariners on that one five of five Very nice Next we've got a Will Bednar Will Bednar Giants yes out of 50 rookie Otto Mitch Spence Mitch Spence Mitch Spence is Yankees Yankees on the Mitch Spence Nice. What is that four-colored patch auto here of Marco Luciano? That's it. There you go Giants on the Luciano Very nice looking car, then we've got to 75 an Isaac Pacheco Isaac Pacheco That is Tigers and Nice one here. How about Royals a Bobby Whit jr. Patch auto Boom E on the Bobby Whit jr. He's got a nice looking autograph too Wow player worn patch There you go Royals. We'll mag that one for you Redemption on the top here first we have a Jordan Walker Jordan Walker Cardinals on this one and it doesn't tell you the level or parallel so good luck on that when you go to redeem that one We've got to 25 purple acetate of Oswald Paraza Oswald Paraza, I believe Yankees on that one. Yes Yankees to 50 we've got a Maddox bronze Rooms That one is Dodgers Sounds good some Victor Dodgers Out of 75 four-colored patch auto of Aaron Zavala Aaron Zavala 27 of 75 Aaron Zavala Rangers on that one got to 75 patch auto of camera and cawley camera and cawley Rangers camera and cawley Rangers Hands of 50. How about a Brady house? Here you go Nationals Brady house 25 out of 50 box for first up. We've got acetate auto of Carson Williams Leave that is a Tampa Bay rain one second Carson Williams. Yep rays 28th pick overall We've got a South Freilich auto South Freilich Leave Mariners Brewer, sorry. Yeah, Brewer's on that one not Mariners To 50 we've got rookie auto of Kai Bush Kai Bush Angels on that one And we've got patch auto of Doug McKay Z On the three-color patch Doug Nickay Z Stop Joshua three-colored patch Indians on that one Guardians Wow, look at this patch four-colored patch auto Gavin Williams And a nice looking auto too, but look at those patches. I'm telling you Gavin Williams Cleveland again 23rd pick overall 2021 draft Gavin Williams Guardians and a Jack lighter on the patch auto and how they're very nice looking patch The red way a lot of red white and blue patches coming out of this, huh? Jack Rangers on that one anything big over in gaming lately Joshua Or put any any nice pickups or submissions come back They've been a big in the game here for a bit Out of 99 or all this Martinez blue James Elvis Martinez Yep, I'll be ripping all night tonight for you Nicholas out of 99 We have a Jordan wicks Jordan wicks wicks is cubs cubbies there Yeah, excited to have you thanks for hopping in out of 25 Matt Nelson Matt Nelson the 25 Reds going to the Cincinnati Reds for 25 And we've got patch auto of Eddie's Leonard Eddie's Leonard we Dodgers on that one. Let me just double-check Dodgers on that one We have a Russell Smith sweet patch there Russell Smith That is Brewer's Russell Smith And nice to 75 we've got Orioles Colton Couser auto no Baltimore Colton Couser Alright last box here everybody Boxing we'll do a recap that we've got what tops from black up next. I haven't read that in a long time. I feel like Such a fun read. Well, we came out very easy for me Alright, we have out of 75 Jose Perdomo Jose Perdomo Perdomo from Orlando 2025 grad And he's still in high school One seconds This one is looking like it might be Mariners. Oh wait, this is a different Jose Perdomo. This one's 32 Wait, this might be Yeah, no, see this is a different Perdomo was born in the 90s.  He's a 2025 grad. So he doesn't graduate for another three years So it's gonna be a random to all Just make sure I get that one back. We've got two out of five cheese Petty. There's Petty there That is Royals or no Reds Not Royals Reds on that one. Now. We've got a Christian Santana. Oh, wow Look at this next patch and that's out of 99. That's crazy This is one is Tigers Christian Santana. Yep Tigers on this one Look at this patch to 99 Ryan Cusick Ryan Cusick that is a nasty patch This is Braves no A's on that one it looks like a Braves patch doesn't it looks just like the Braves A's on that out of 99 on Hell Martinez on Hell Martinez This is Guardians hits Guardians and nice Last but not least how about a Brian Acunha come on to the twins to 99 Nice Acunha. All right. Give me one second to set up the random here for the Jose Perdomo Let me get all the teams here got four and four It's gonna be eight times on the random again Whatever teams on type on top will take home the Jose Perdomo out of seventy five Eight times on the random. Good luck everyone one Two three four five six seven eight Red Sox taking home the Perdomo Otto Red Sox Again we had the Jose Perdomo going to the Red Sox on the random We had Brian Acunha twins on Hell Martinez Guardians Ryan Cusick A's Santana for the Tigers Chase Petty Reds Colton Couser Orioles a Russell Smith Brewers at his Leonard Dodgers Matt Nelson Reds Jordan Wicks for the Cubs or Elvis Martinez Blue Jays Jack Leiter for the Rangers Gavin Williams Cleveland Doug Nickhazy Cleveland Kai Bush Angels South Frey like Brewers Carson Williams Rays Brady House Nationals Cameron Coley Rangers Aaron Zavala Rangers Maddox Bruns Dodgers Oswald Paraza Yankees Jordan Walker Cardinals Isaac Pacheco Tigers Marco Luciano Giants a Mitch Spence Yankees Will Bednar Giants Noel V Marte Mariners Hillel Watson for the Marlins Ethan Wilson Phillies Spencer Strider Braves Cooper Kinney Rays Michael McGreevy Cardinals Noah Miller twins and then a Bobby Whit jr. Patch Auto beautiful one there Royals All right, congrats everyone. Thanks again for the fill and we got more baseball coming right up


what's going on guys it's your boy dpj here today with another destiny video I need today's video and bring you guys my king's full hard mod raid looting results across all three of my characters minus the checkpoints where I'll get the modeling shards that is pointless to state them but getting straight into the video and starting on my hunter from the annihilator totems I've got the Medus Reckon infusion rifle from the war priest I got the quillums terminus from gold rough I got the harrowed dark hollow chart and chess piece offering 216 defense and I also got the dark hollow truds from the death singers I got the silence of iron shotgun I got the cloak of seven bones offering 311 defense and they also got the harrowed silence of iron shotgun offering 312 a attack from oryx I got the harrowed dark hollow grasps offering 316 defense and I also got the king slayer's ghost share moving on to my titan and from war priest I got a harrowed quillums terminus offering 310 a attack from gold graph I got the war numerous chest and they also got the harrowed war numerous fists offering 314 defense from the exotic chest I got a 310 helm of inmost light from death singers I got the silence of iron shotgun and I also got the mark of old challenge offering 311 defense from oryx I got the war numerous chest and I also got the harrowed frenzy launcher offering 320 a attack absolutely badass moving on to my warlock and from the annihilator totems I got a king slayer's shell and I also got a harrowed Medus Reckon infusion rifle offering 310 a attack from war priest I got the harrowed defiance of jasmine offering 320 a attack from gold graph I got the harrowed path of the soul leg armors offering 318 defense from death singers I got a bond of the worm law and a harrowed silence of iron shotgun offering 313 a attack from oryx I got the Zaldis bane hand cannon I got a bond of the worm law class item and I got a harrowed Medus Reckon infusion rifle offering 315 a attack so guys that's what I got of all three of my characters from running the hard mode raid this week didn't get much amazing armors but I did get some great 320 attack weapons which have helped take my overall level on my hunter up to a 316 so I'm slowly getting there but guys what did you get from the raid this week did you get anything you need let me know down below in that comment section I'm still in need for a hard mode raid how me and all three of my characters but yeah guys let me know what you need down below in that comment section hoping to enjoy the video if you did if you could leave a like I would appreciate the support thanks for stopping by as always and I'll catch you guys on the next one peace out until next time POST


Income tax 2021-2022. Personal use of dwelling unit including vacation home part number one. Get ready to get refunds to the max diving into income tax 2021-2022. Most of this information can be found in publication 527 residential rental property tax year 2021 IRS website irs.gov irs.gov. The income tax formula focused in online one income. We would have a sub schedule basically income and expenses and income statement. The expenses basically being deductions. The net then is what rolls in to line one income on the income tax formula as well as eventually page one of the form 1040. This is the schedule e basically the income statement schedule the supplemental income and laws we're focusing in on the rental real estate. Personal use of dwelling unit including the vacation home so we've got another kind of situation where we've got the rental property. But if it's commingled in some ways to our personal side of things such as having personal use in something like a vacation home which we might also use for some other reasons such as such as rental property. That's when it gets a bit confusing again to try to differentiate mostly the expenses to things that might be deductible as rental expenses versus kind of personal items which generally are not deductible when we're thinking about it from an income tax perspective. Remembering the general rule that you would expect in an income tax things to be deductible if they were used in order to generate revenue personal then expenses not typically the items we would expect to be deductible. Okay so if you have any personal use of a dwelling unit including a vacation home that you rent you must divide your expenses between rental use and personal use. Notice again we're focusing in on the expenses you might say hey there's an income statement why don't I do it with the income as well because the income only came from the rental part. Like it's not like you got the income you didn't pay yourself income from the personal parts you don't have the problem with the income side of things you do have the problem with the expense side of things because there's some expenses that are for the property as a whole that now needs to be allocated between personal use and rental use. So as in general your rental expenses will be no more than your total expenses multiplied by a fraction so of course the problem is how are we going to calculate that fraction. And obviously from the rental side of things from our side of things from the taxpayer side of things we would like to categorize more things to the rental property because that's the deductible side of things as opposed to the personal side. Which is non deductible but we want to be in compliance as we do so with the IRS code so that's the mindset that we're thinking from the denominator of which is the total number of days the dwelling unit is used so the total number of days used notice they didn't say on the denominator. The total number of days like in a year they said the denominator the total number of days used and the numerator of which is the total number of days actually rented at a fair rental price. So only your rental expenses may be deducted on schedule e form 1040 some of your personal expenses may be deducted deductible on schedule a form 1040 if you're itemizing your deduction so we've got that same kind of situation we looked at when we were thinking about basically selling or changing a property to rental property in the middle of the year or in a situation where you rent part of the property like your home and you rent part of it out where you've got that allocation method. Some of those items might still be deductible on the schedule a if you itemize those specifically coming to mind would be the interest on the mortgage for example might be something you could split between e and a and the other being the other being the property taxes so that you have that same kind of thing and then other things that are specific just to the rental property which doesn't aren't typically deductible on the personal side that's when we're really leaning towards we would like it to be deductible on the rental property otherwise we're not going to get the deduction. So you must also determine if the dwelling unit is considered a home the amount of rental expenses that you can deduct may be limited if the dwelling unit is considered a home whether a dwelling unit is considered a home depends on how many days during the year are considered to be days of personal use. So now we've got to think about it is it a home or not and we can think that we've got to determine the use days of the dwelling unit to determine if it is a home. There is a special rule if you use the dwelling unit as a home and you rented it for less than 15 days during the year dwelling unit. The dwelling unit includes a house apartment condominium mobile home boat vacation home or similar properties so pretty expansive dwelling unit if it's got the stuff you need for a dwelling unit like a kitchen and a toilet. You know you might be able to qualify it seems pretty pretty wide range there of dwelling units so it also includes all structures or other property belonging to the dwelling unit a dwelling unit has basic living accommodations including a sleeping space. There's a toilet and cooking facilities even if they're all squished together in like the same area. You know you're okay. Any case a dwelling unit doesn't include property or part of the property used solely as a hotel motel in or similar establishment properties used solely as a hotel motel in or similar establishment if it is regularly available for occupancy by paying customers and isn't an owner as a home during the year. Example you rent a room in your home that is always available for short term occupancy by paying customers. You don't use the room yourself and you allow only paying customers to use the room. This room is used solely as a hotel motel in or similar establishment and isn't a dwelling unit dividing expenses. If you use a dwelling unit for both rental and personal purposes divide your expenses between the rental use and the personal use based on the number of days used for each purpose when dividing your expenses follow these rules. Okay here's the rules any day that the unit is rented at a fair rental price is a day of rent rental use even if you use the unit for personal purposes that day. So now you've got your rented it out even if you had some use on the personal side you rented it so that they're saying that counts as the rental day. This rule doesn't apply when determining whether you use the unit as a home. Okay so any day that the unit is available for rent but not actually rented isn't a day of rental use. Now notice that second one kind of leans toward favoring the government side of things and it's going to lower the amount of deductibility because we would like to say hey look I had it up for rent. I had it available for rent I was advertising for it so I should be able to include that in my rental day portion but they're saying no the days that you actually rented it. So that's going to lessen the fraction on the negative side to us so once again any day that the unit is available for rent but not actually rented isn't a day of rental use. Fair rental price so what does that mean? Well if you rented it to your cousin for like $2 you know you're probably not that's probably not like a fair price or like so any case because it has to be an arms links type of transaction. So a fair rental price for the property is generally the amount of rent that a person who isn't related to you would be willing to pay. I would have charged the any case the rent you charge isn't a fair rental price if it is substantially less than the rents charge for other properties that are similar to your property in your area.  At that time so that no because that's not a fair rental unit when the rental price if you sold it to someone else and you weren't there would be like you know $10,000 or something. The $2 you see there's that doesn't the iris isn't going to buy that so ask yourself the following questions when comparing another property with yours is it used for the same purpose. So now we got to think about well how do I come up with a fair price because what if I am renting it you know and just to somebody I want to I got to determine what a fair price is so we could say we could try to compare it to other property. Even though my property is totally unique there's no property like my property. So but in any case is it approximately the same size is it in approximately the same condition doesn't have similar furnishing. If any of the answers are no the properties probably aren't similar example. So your beach cottage my good old beach cottage is beautiful was available for rent from June 1 through August 31 92 days except for the first week in August seven days when you were unable to find a renter you rented the college at a fair rental price during that time. The person who rented the cottage for only for July allowed to use it over the weekend two days without any reduction in or refund of rent. Your family also use the cottage during the last two weeks of May 14 days the cottage wasn't used at all before May 17 or after August 31. So you figure the part of the cottage expenses to treat as rental expenses as follows. So here we go the college was used for rentals for rental a total of 85 days that's the 92 days minus seven the days it was available for rent but not rented seven days aren't days of rental use. So again that's that cuts kind of against us because it wasn't actually rented but it was kind of held out for rental at that time. The July weekend two days you used it is rental is rental use because you received a fair rental price for the weekend. So you use the cottage for personal purposes for 14 days the last two weeks in May the total use of the cottage was 99 days 14 days personal use and 85 days rental use. So notice we're talking days of use here we're not talking like the entire year we're not pulling 360 or 365 your rental expense are 85 divided by the 99. So that would be the 85 days that we are charged to the to the rental use divided by the total number of days that we calculated. There's our ratio calculation. Now notice a couple other ways you might imagine doing this just to see the differences. You might say you might say well wouldn't wouldn't I what if I what if I did it this way which would be worse. We'd say OK if I rented it out for the the 85 days then what if I took the 85 divided by 360 I'll just take 360 12 times 30 the number of days in a year if we rounded to 30 day 30 day months. That would be 20 23 percent rental which would be worse but you could also think of a way it would be better. You can say well look if I only rented it if I only used it myself for 14 days then all the rest of the time it was basically rental properties. So you might say I should be able to calculate it this way 14 days personal use divided by 360 that would be that would be my personal use minus one. So my rental use would be 96 if I calculated it that way. So you can you can imagine how people could try to to try to skew the ratio and they can argument that seems you know it could be somewhat of a fair argument still. But you got to follow of course the rules for the I for the code to do that. So note when determining whether you use the cottage as a home the July weekend two days you used it is considered personal use even though you received a fair rental price for the weekend. Therefore you had 16 days of personal use in 83 days of rental use for this purpose because you use the cottage for personal purposes more than 14 days and more than 10 percent of the days of rental use eight days. You used it as a home if you have a have a net loss you may not be able to deduct all of the rental expenses. So now if it's if it's a home now you get this issue with the losses again and you know how the IRS is with the losses. So then you can see more information with that for the dwelling unit used as a home and we'll take a look at that later. So dwelling unit uses a home. Here we go. If you use a dwelling unit for both rental and personal purposes the tax treatment of the rental expenses you figure earlier under dwelling expenses and rental income depends on whether you are considered to be using the dwelling unit as a home. So you use the dwelling unit as a home during the tax year if you use it for personal purposes more than the greater of one 14 days or two 10 percent of the total days it is rented to others at a fair rental price. So it's the greater of these two. So see what is a day of personal use later if a dwelling unit is used for personal purposes on a day it is rented at a fair rental price discussed earlier. So don't count that day as a day of rental use and applying to above instead count it as a day of personal use and applying both one and two above. OK so what is a day of personal use a day of personal use of the dwelling unit is any day that the unit is used by any of the following persons. Number one you or any other person who owns an interest in it unless you rent it to another owner as his or her main home under a shared equity financing agreement defined later. However see days used as a main home before or after renting later. Number two a member of your family or a member of the family of any other person who owns an interest in it unless the family member uses the dwelling unit as his or her main home and pays a fair rental price. Family includes your spouse brother and sisters half brothers and half sisters and sisters parents grandparents etc. and lineal descendants children grandchildren etc. Number three anyone under an arrangement that lets you use some other dwelling unit. Number four anyone anyone at less than fair rental price. So you know if you got these people in there the general ideas is going to be the personal day use and count towards that personal day type of calculation. So main home if the other person or member of the family and one or two has more than one home his or her main home is ordinarily the one he or she lived in most of the time. So now you got your main home that's going to be important for some calculations shared equity financing arrangements. This is an agreement under which two or more persons acquire undivided interests for more than 50 years in an entire dwelling unit including the land and one or more of the co-owners is entitled to occupy the unit as his or her main home upon payment of rent to the other co-owners. Donation of use of the property so now if we have a donation kind of situation of the use of the property you use a dwelling unit for personal purposes if the organization sells the use of the unit at a fundraising event or and the purchase uses the purchaser uses the unit. So examples let's take a look at a few examples here could be could be quite helpful. The following examples show how to determine if you have days of personal use. So example number one you and your neighbor are co-owners of a condominium at the beach.  The last year you went to the unit to vacation to vacationers whenever possible the unit wasn't used as a main home by anyone. Your neighbor used a unit for two weeks last year. You didn't use it at all because your neighbor has an interest in the unit. Both of you are considered to have used the unit for personal purposes during those two weeks. Example number two you and your neighbor are co-owners of a house under a shared equity financing arrangement. Your neighbors live in the house and pay you a fair rental price. Even though your neighbors have an interest in the house the days your neighbors live there aren't counted as days of personal use by you. This is because your neighbors rent the house as their main home under a shared equity financing arrangement. Example number three you own a rental property. You own a rental property that you rent to your son. Your son doesn't own any interest in this property. He uses it as his main home and pays you a fair rental price. So it's your son but he's paying you a fair rental price. Not like $5 or anything. Your son's use of the personal of the property isn't personal use by you because your son is using it as his main home. He owns no interest in the property and he is paying you a fair rental price. Example number four you rent your beach house to Rosa. Rosa's nice. Rosa rents her cabin in the mountains to you so you got some kind of like an exchange thing happening here. You each pay a fair rental price. You are using your beach house for personal purposes on the days that Rosa uses it because your house is used by Rosa under an arrangement that allows you to use her cabin. Example number five you rent an apartment to your mother at less than fair rental price. So now you're renting to a relative but it's less than the fair rental price. You are using the apartment for personal purposes on the days that your mother rents it because you're rented for less than fair rental price. So if you're renting it to your mother but it's like for $5 or something like that then it's not a fair rental price.


The women's hockey team taking on Minnesota State, scoreless in regulation, scoreless in overtime. Let's have a shootout. After two misses each, Emily Berglund, the big dig fakes out the goalie. She gives the Beavers the advantage. So if Lauren Bench can stop Sophia Pointer, they'd get a win. However, she's foiled on the move, beats Bench Gloveside. And after Heather Olsen went off the post on Bemidji's attempt, the Mavericks had a chance to win Emily Antony with the Dipsy Doo. Minnesota State gets the extra point. Beavers have the gophers this weekend. If you enjoyed this segment of Lakeland News, please consider making a tax-deductible contribution to Lakeland PBS.