proudly we hail from New York City where the American stage begins here is another program with a cast of outstanding players public service time has been made available by this station for your army and your air force to bring you this story as proudly we hail the para pilot of the United States Air Force our story is entitled the para pilot this is the story of a para pilot team in Korea members of the tactical air command who by an ingenious method direct a knockout punch to enemy ground forces from behind their own lines our first act curtain will rise in just a moment but first college men there's a great new opportunity in your United States Air Force because it's an important new job for aircraft observer officers men who can apply mathematics to the practical problems of flight men who can deal with complex equipment and exacting problems if you had two or more years of college and if you can qualify for intensive aviation cadet training the Air Force will give you a year's postgraduate study with pay yours will be an important job which can be filled only by the finest young men visit your local US Army and US Air Force recruiting station today for full details and now your army and your Air Force present the proudly we hail production the para pilot you know what a para pilot is a para pilots a fighter pilot who parachutes to the ground so he can direct air strikes at enemy ground troops he jumps into or beyond the front lines the para pilot is part of TAF the tactical Air Force it's up to TAC the tactical air command to provide Air Force cooperation with land naval or amphibious forces in the field it becomes a tactical air force and it's the job of the tactical Air Force to keep enemy planes from attacking our own front line troops to cut off enemy ground troops from supplies reinforcements and communications and to knock out enemy guns troops or positions which the Army for one reason or another cannot get to with their own weapons in general this means close-up support of our frontline troops and practically no one gets any closer than a para pilot team it's nighttime in Korea we're at a joint operational center not far below the 38 parallel here ground forces men and Air Force men are hard at work acting as a team a message has just come in through the Army control that from the 10th division that a company of infantry has been cut off on hill 288 other message from captain mallets division sir they're still cut off on hill 288 yes I know what's the situation there now division says the front will remain relatively quiet for the rest of the night company sees pretty well dug in as no indication of immediate danger though the enemy has them completely surrounded from the buildup in the area the commanding general 10th division expects the enemy to attack early tomorrow looks though mallet is outnumbered at least five to one hill 288 you can see it on this map about a hundred miles southeast of Yongyang just about on the parallel part of this spiny ridge that runs generally in north and south here I've been there pretty rugged country the range of hills 288 is about the highest that's right captain mallet probably had orders to hold gale 288 if at all possible that was before his company was cut off now it's probably the safest place for them to be wasn't a relief column sent to help them guess what but it didn't get through what state are the supplies in captain their immediate situation isn't desperate they have supplies for short time but they need relief as soon as possible right I think we all know the situation now never relief column army g2 says even if they started now they couldn't get through in time this is a job for the airports we will set up a pre-planned close support strike drop in supply better send a parapilot team in there first captain more get a parapilot team here for briefing right away lieutenant Andrew Schaefer is an experienced tactical pilot with 50 fighter bomber missions behind him he's well acquainted with the tactics required to provide accurate close air support he's 26 years old and comes from Mount Carmel Illinois he's been specially trained at air ground school in southern pines North Carolina as a parapilot at southern pines he was team with sergeant Ray Carroll from Keen, New Hampshire an Air Force radio technician who has received special jump training at Lawson Air Force Base Georgia at Lawson lieutenant Schaefer and sergeant Carol learn jumping techniques becoming adept at jumping with all the necessary radio equipment from aerial troop transports these two men constitute a parapilot team okay Ray off we go into the wild black yonder I was having such nice dreams don't you ever get nervous not me I figure if the lieutenant thinks he can do it I guess I can do it too and carrying the baby besides a mighty big baby they call this VHF radio out for the portable sort of a king-size walkie-talkie but it's a lot more portable than a plane of Jeep than it is rusted lug around it wouldn't be much good without it though I wonder where the idea started taking fellows like us and making a jump team out I think it was started in North Africa or Italy it didn't jump then they had forward air controllers on the ground with and ahead of the troops how'd you get into it volunteered never knew I'd end up a jumper I heard about these parapilot teams it seemed like a good idea well it is take a pilot like me I know what a fighter bomber can do and what it can't do and team a guy like me with a fellow like you who can keep radio communications open we become an effective air ground team listening to Colonel back there I got an idea that this was a lot like one of the practice jumps made together down Georgia yeah that's a good thing for us on our first real jump we get something that sounds like a tactical problem I'm not worrying so much about a night jump did enough of those just hope they're expecting us companies see that all they'll be expecting us you know I wish in a way we'd get there and get started still we shouldn't have too much trouble looks like we're here they're ready for us as a plane woman all right you take care of the equipment I'll check in and out sure fellas says here we go again the parapilot team Lieutenant Schaeffer and Sergeant Carol get themselves checked in and out and get their equipment into the plane that will carry them up to and over the front lines and drop them on hill 288 meanwhile let's take a look at the hill and see how company C is making up regulars clockwork aren't you notice Gus every four and a half minutes they put one of those things in their mortar and lob it over here yeah I never thought I'd brutal of rocks so much we were dug in though they'd have to blast to get us out of here the way the guns place we can knock off anything trying to come up this hill long as the ammo holds up watch it take it easy there Mac you start shooting all the boulders around here and we'll be sitting with an empty gun before you know it honest guess I thought it was moving when do you think I help will get here I heard help was coming I don't know we usually get what we need one way or another no Mac when I first set eyes on this hill I wouldn't give you a nickel for it now I'm getting sort of fond of it I've been in a lot worse places I guess if we had enough supplies you could stay here forever well that's brasses we're not mine our worry yours mine is that open space there in front of us we keep that there clear that's all we can do captain and the others up to them to keep us supplied and I guess it will they always do I don't see how they can do it this time they're in time oh there's another player that one of ours right in the same spot you must be digging quite a hole there yeah that's all right with me just long as they don't change your range your elevation the hole is there not here another one they're all off their schedule without notifying us is that polite well maybe they went on daylight saving time all of a sudden maybe that came from a different mortars we're getting close funny I always have the feeling when we drop a flare we're making ourselves a perfect target yeah with all that light you think they must be able to see it from the ground yeah and on the ground can't see through that light though you notice back there when we drop those two flares that small cut between those two hills sure enemy gun emplacements in the valley being perfect position to keep anything from coming up that road have to get through that cut to get up front yeah were you thinking what I was that I was lieutenant the guns can be seen by a fighter bombers maybe we could bomb and silence them and then a tank-led column could get past the smaller guns and clean them out all right mark those coordinates on the grid I already marked position see here every place I put an X right here on the grid Queen coordinates 35 20 and 33 21 I guess part of what's talked to us right right up the place for a long time don't they see to drop slower in their parachutes than we do in our they look there they go you say they couldn't see through the light to shoot us from the ground that idea well maybe they can't put their radar you see the troops you got them spotted yeah spotted and mocked down what's this more fly well we're being given the grand tour around hill 288 minutes or something while they drop the airlift of supplies and ammo it looks like troops there in there yeah another couple of flares are I mark those two positions okay got them spotted in my boy they really are surrounded aren't they yeah well you needn't say they pretty soon it'll be we us we whatever you want to call it are fine the more we know the more we can do hey it's a convoy all right long moving slow must be 40 trucks maybe more did you catch that yeah we certainly did what we saw I'd say it I guess those is the supplies for the attack they hope to make on hill 288 there's still a couple of hours from getting there though at the rate they're moving and on the road they've got to take a fine thanks well we're set aren't we yes sirs there just will ever be I guess look am I that good an example can't you even look frightened me yeah if you want to know the truth I'm scared to death for a jump I always that's good that makes me feel better but you don't show it well I can't remember when you look so calm look we land together with our equipment just like the night jumps and lost in the air base right now all right there go our flares I'll go first after you any time you say we're all set one at a time thanks oh and thanks for the lift too I'll do the same for you someday you are listening to the proudly we hail production the para pilot will return in just a moment for the second act America's finest young men are getting into the blue of the United States Air Force if you're interested in your share of democracy your future in the free world and in the exciting life of a pilot or aircraft observer see if you can qualify for training as an aviation cadet if you're between 19 and 26 and a half years of age have at least two years of college are single and in good physical condition see your army and Air Force recruiter about your future in the United States Air Force aviation cadet program for full information visit your nearest US Army and US Air Force recruiting station today you are listening to proudly we hail and now we present the second act of the para pilot right here so right it's raining I think glad to be on the ground now we gotta get in touch with company see all right you want to get in touch with anybody except Saint Peter I'd sort of move if I was you all right which way though which way but fast some mortar on one of them hills with lark keeps lobbing shells and right about where you are every four and a half minutes and they haven't sent one for about three right right right we're coming just a bar room here for us you're welcome to try to squeeze in what's that thing portable to a radio transmitter I live and breathe a walkie talkie coming right out of the sky I was hoping for ammunition and reserves when I saw you guys coming I figured they were sending para troops to help us what do we get a couple of fly boys I take it this is part of company see sure is I want to try to contact the tactical air control party of 10th division and check in you better wait a second why you see right on schedule right where we were standing oh thanks thank nothing of it my friend we ought to be able to do this on batteries yeah sure lieutenant this should be brief anytime now in 10th up jumper one from destination able jumper one from destination able calling Peter oboe jumper one reporting we're on destination able stand by for further report standing by Roger jumper one out well now I've seen everything that gadget cooked to I could use a hamburger plenty onion pickle and relish for me no onion got a date and I wish I did hey hey captain's Jeep thought somebody to come looking for you they'll take you back drop in again anytime don't bother to ring thank you will do that yeah just bring a blonde next time this be right cozy little place for this fixed up right oh it's gotta be a blonde speaking for myself no we'll leave that to you okay come on right we better go see the captain right we're back on the ground again we go by Jeep so that's the way it is from the reports we were getting from our scouts if they weren't planning a night infiltration I'd have been surprised I'd I'd been wondering about that captain melon that's their usual tactic I had feeling they would try it just about the time you arrived it's quite likely your flares through the mall or maybe they were waiting for that convoy we saw to arrive or they may have thought the convoy would be close enough so they could count on it and it wasn't now whatever it was all indications where they'd attack and they didn't if they had attacked we could have beaten them off I'm confident with that but they couldn't have done it indefinitely I'm tired or forces are limited and we need more supplies oh did you recover our drop 90% makes me feel a lot more secure well I think we know the situation now we'll send back our report it'll be getting light in a little while I think they'll attack then under any conditions unless we can hit them first and keep them off balance the parapilot team of lieutenant Schaeffer and sergeant Carol report by radio their message was picked up several miles back by the air controller of the TACP consisting of a small mobile unit a jeep containing receiving transmitting and generating equipment go ahead jumper one this is Peter Robo go ahead jumper one read your loud and clear earlier there are five mortars on hill 178 and 171 grid Peter probably needs some close support strafing attacks right we'll relay your message Roger number one standing by for further instructions number one out really that message from our parapilot team on hill 288 back to JLC through your Army net three at once urgent now the situation is in the hands of Colonel Bingham and the other experts at the Joint Operational Center the different aspects of the problem are discussed and plans are jointly agreed on the group at the center awaits results and considers new reports as they come in dawn is beginning to break sending fingers of light probing over an unhappy war torn line a squadron of f-84 fighter bombers thunder jets have started out for hill 288 now listening for word on their radios from lieutenant Schaeffer the air ground controller Schaeffer and Sergeant Carroll after informing company see that a squadron of fighter bombers is being dispatched to help go back to take up their frontline positions I am back we're back again you said not the phone just drop in how we told you to bring a blind I told Captain Malo we'd set up near you and use your field phone to contact him I thought you boys had about the best observation post on the hill thought may we dig in near you not too close though I don't like your four and a half minute mortar nor your own machine gun it makes too much noise for our purposes yeah it's a pretty good spot right here good view on a certain amount of protection from the rear what's gonna happen in a few minutes a squadron of f-84 should appear we get in touch with them by radio tell them what to hit and where I better get over to my litter transmitter get to work I'll see you later you better get your pals here soon it's an unavoidable part of the parapilot's job that to be effective he must be in a position to observe the enemy in order to observe the enemy it's almost impossible not to be observed because their portable transmitter signal has a limited range and because of the speed at which the planes will come there'll be little time before the thunder jets are over their target once radio contact has been established jumper one calling Foxtrot blue leader jumper one calling Foxtrot blue leader do you read anything yet no no nothing wonder where they can be wait a minute when they're coming in now the maps all laid out yeah everything's right jumper one calling Foxtrot blue leader you're coming in faintly we're on hill 288 grid Peter coordinates 1843 that's 18-43 this is jumper one enemy convoy of about 40 trucks just south of penguin hill Roger jumper one jumper one now grid queen gun emplacements well dug in stopping our tank columns on eastern side hill 178 western side hill 161 grid queen coordinates 3520 and 3321 can you see them have them spotted blue leader to white flight stop that convoy with rockets then straight jumper one to Foxtrot blue leader new enemy attack beginning down here enemy troops in five main concentrations do you have napalm Roger jumper one we have napalm attack is coming from grid Peter one two dash four seven there's a tree halfway down the hill do you see it blue leader Roger that's where we want the napalm jumper one have instructed one flight which is spotted gun emplacements that dive bomb those positions circle back to cover my flight while we're napalming tell it I think that took him completely by surprise I've been tracing that trajectory I think I got them all spotted here they're marked here yeah oh wait a minute captain now it's calling yes captain they did it looks pretty good here too okay I'll tell him I think that strike knocked out or disrupted the main groups on the ground now ones who'd already started looking still coming all right how was that low flight still has rockets what now you can make your strafing attacks on the north side of the hill hit the attackers coming up with machine gun that's gonna slow up their attack I think it's busted up for good right now if we can get those mortars that are hitting around us there seem to be five of them about grid Peter four six dash five nine four eight dash six six four nine dash four six one oh dash six two and one three dash six four Roger conked them mortars first time in a long while I felt free to walk away from a gun I don't think you'll see much movement there for quite a while I better give the leader a call blue leader this is jumper one thanks for a fine show right thanks lieutenant I want to say thanks to funny thing though we go over the world here we are three of us yes I'll have to treat you sort of a neighbor then besides you boys we're in a lot better position I thought would be I mean we still got supplies left thanks to airdrop and not much of the enemy right here anyway yeah it's been about six minutes I think we quieted that mortar to Gus the machine gunner from company see can kid that they're sort of neighbors but what I was really talking about was teamwork teamwork and partnership that doesn't depend on the latitude or longitude the kind of teamwork that comes from people with the same kind of training and basic ideals whether they were born in Maine or California in Minnesota or Texas the kind of teamwork that sent the parapilot team to hill 288 that sent for the F 84s to break up the enemy air attack that shot up the enemy convoy bringing reinforcements that cleared up those annoying mortars behind the next hills that blasted the big gun and placement so that a relief column could get through and company see could go back behind the lines for a well deserved rest proudly we hail the parapilot a highly trained unit of the tactical Air Force and all the officers and men of the USAF air ground operations school whose training makes this kind of successful teamwork possible here's a message from your United States Air Force to you you have a chance to join the key men on the Air Force's flying team as an aircraft observer yes you can be one of the men who plot the sky tracks of the heavy bombers and the big transports if you look ahead now while you're in college here's what you can do you can take a year's training with pay and after graduation as an aviation cadet become a flying officer team member with the silver wings of an aircraft observer but can you qualify you can if you're between 19 and 26 and a half single are in good physical condition of high moral standards and have had two or more years of college training for full information visit your nearest United States Army and United States Air Force recruiting station this has been another program on proudly we hail presented transcribed in cooperation with this station proudly we hail is produced by the recruiting publicity center for the United States Army and United States Air Force recruiting service this is Kenneth Banghart speaking and inviting you to tune in the same station next week for another interesting story on proudly we hail


The wait is finally over as Netflix has dropped the long-awaited official trailer for Stranger Things Season 3 and it's flipping its fans upside down, becoming the most watched trailer on the Netflix YouTube channel in just over three days. Ladies and gentlemen, this is Matt Rogers. We went the entire year of 2018 without a season of the 1980s nostalgic Netflix original and we still have yet a few more months to wait with an official premiere date set for July 4th 2019. The immediate vibes we get from the new trailer is that there's a significant time jump. The creators of the show The Duffer Brothers have said recently that this will be the case and hearing lines such as we're not kids anymore and plus a lot of the stars having physically grown up a lot since we last saw them. The Duffer Brothers have this to say on the topic. Quote, our kids are aging. We can only write and produce the show so fast. They're going to be almost a year older by the time we start shooting season 3. It provides certain challenges. You can't start right after season 2 ended. It forces you to do a time jump. But what I like is that it makes you evolve the show. It forces the show to evolve and change because the kids are changing. In regards to the episodes themselves, it has been confirmed that there will be 8 this time round which is what the original season had followed by season 2's 9 episodes. What you're seeing now are the cryptic episode titles that have already been confirmed. Speaking of cryptic, we got a teaser trailer back in July of last year, a vaporwave style commercial for Starcourt Mall. Giving not much away except that something must be going down in this mall or at least a popular hangout for the gang. How many children are you friends with? In regards to some newer characters, Matt Duffer had this to say. Quote, Billy was supposed to have a bigger role. We ended up having so many characters. It ended up in a way more teed up for season 3 than anything. There was a whole teen supernatural storyline that just got booted because it was just too cluttered, you know? A lot of that's just getting kicked into season 3. The Duffer brothers have said it's set to be a darker and scarier look at Hawkins. Apparently taking inspiration from John Carpenter's The Thing. Which is fitting for the mega-demogorgon we see at the end of the trailer. The trailer itself isn't too telling of the events of the final season, apart from the kids adapting to a more teenage lifestyle, whilst of course also saving the world. Season 3 is said to be the second to last season of the show, as the creators have always said that it feels like a four-season thing, which should be then left alone. If you ask me, I would have been happy with the first season standing on its own. However, I do admit that I was a fan of the latter half of season 2. What are you most looking forward to in the third season? I'll be chatting with you guys in the comments. But until next time, this is Matt Rogers, and that is all.


James up you guys, welcome back to another one. If you are new to this channel, I am Gold Pony at the new car track SUV reviews on YouTube and today we're in the brand new 2024 Toyota Venza courtesy of younger Toyota in Hagerstown, Maryland for more information on their inventory. Please feel free to check out the link in the description box below. So today we're in this one because this is an all wheel drive SUV that gets 40 miles per gallon, which is insane. You do also get two years for 25,000 miles of complimentary maintenance as well. And this particular Venza, of course, is known for legendary reliability. Just take a look at consumer reports for that. But ultimately in this video we'll be testing out and going over everything about this one from acceleration to braking, steering field, ride quality, sound system, exhaust lip, all that fun stuff. So having said all that, what do you guys say? Let's just go ahead and jump right into it. And as always, let's start with pricing. And so as you can imagine, there are several different trim levels for the 2024 Venza. First one being the LE, starting at $35,070. XLE for $39,280. Nightshade Edition for $39,980. And lastly, the limited being the one we are in today, starting at $43,215. But regardless of trim level that you go with, the power plant on the Venza is going to be the same. Powering the Beast is a 2.5 liter four cylinder with three electric motors, putting out a combined 219 horsepower at 5,700 RPM, 163 pound feet of torque coming in at 5,200 RPM, that power being sent to all four wheels through a CVT, zero to 60 time coming in at approximately 7.1 seconds with MPG numbers coming in at 40 in the city, 37 on the highway taking regular unleaded fuel. You gotta love that. And so before we do any kind of fun acceleration test here in the Venza, I did want to mention to you guys the drive modes. There's a toggle switch located directly in front of the shifter there. Drive modes will include Eco, Normal, Sport and EV, adjusting things like the shift points, the throttle response, the steering sensitivity, and there is actual EV mode button to put it in full EV mode to just driving pure electric driving at lower speeds typically, if everything is fully charged that is. So now having got all of that out of the way, what do you guys say? Let's go ahead and find a straightaway. Let's put the Venza here to the test end. Let's see how quickly we can get our new 2024 Venza here up to speed. In sport driving mode, let's go. It switched from that electric mode to the gas mode real quick when you really hit the gas. Yeah, there's nothing wrong with that. Zero to 67.1, that is plenty respectable. So you're 100% not gonna have any issues in merging onto the highway. Having said that, I'm not sure how often you're really gonna do that acceleration test, maybe if you're merging onto the highway. So other than that, yeah, you're not gonna have any issues there. But anyways, too cold all with that acceleration is always braking is equally important. So upfront, you will find 12 inch ventilated front discs in the back, 11.1 inch solid rear discs. As far as that 60 is your stopping distance goes that comes in at 121 feet, that is plenty respectable of a number. As far as the braking feel goes, whoa, it's on the firm side. I love that. This thing instantly comes to a stop. So if you need that insane braking power, this is pretty darn good. And honestly, 60 is zero and 121 feet, that is better than average for sure. Typically with SUVs at least, you find upper 120s, if not the 130. So 121 feet, that's borderline sports sedan, which typically is the one team. So nothing wrong with that whatsoever. Then touching on suspension and handling upfront, you're gonna get independent McPherson strut front suspension. In the back, independent multi-link rear suspension, of course, front and rear stabilizer bars. As far as ride quality goes, as we're cruising over some super smooth roads here in Hagerstown, Maryland, it's been perfectly fine in my short little test drive here today, nothing crazy, nothing too luxurious, but it's definitely a pretty smooth ride. So I don't have any issues there. As far as steering feel goes, let me actually put it back in sport driving mode real quick. Okay, I don't mind that. Now let me put it back out of sport driving mode. Actually feels pretty similar. There's a little bit of a variation there, but a little heavier of a weight to it in that sport driving mode. It does loosen up a little bit when you take it out. But honestly, it's not the crazy. It's what you would expect the Venza to feel like in terms of that steering feel. So not a heavy steering feel, definitely not a very loose steering feel either. Like a lot of times you will find it SUV. So I'll say it's just right, but then touching on cabin noises, we're going 57 miles per hour right now. I honestly don't have any issues. There's maybe a teensy bit of road noise, but it's a pretty quiet cabin for what the Venza is. So again, no issues there. Touching our rear visibility, I can see perfectly fine out the back because of the shape of this. You really shouldn't have any issues there, but it did what I also mentioned with our limited trim level that we had today. I just hit the rear view mirror here and there is a rear camera mirror that is specific to the limited trim level. So essentially if you're going to like Ocean City, Maryland or Myrtle Beach, or you're going on a long road trip essentially with the kids in the back, all of your stuff packed up in the cargo area to the ceiling of this thing. So you can't see out of that rear view mirror. That is what the rear camera mirror is for. Since it's mounted on the exterior of the vehicle, you can see what is behind you whereas you wouldn't be able to if everything is packed in the cargo area. So I love the rear camera mirror there for that specific reason, but rain-sensing windshield wipers also coming standard on the limited. So when the Venza detects any kind of mist or rainfall, it's going to automatically turn on those windshield wipers for you. So just one last thing you got to worry about, kind of like automatic headlights. And last thing I want to mention, specific to the limited yet again, I am looking at a head up displayed projecting my speed, speed limit and safety features up onto my windshield. So better helping me keep my eyes on the road so you can better enjoy the drive in the Toyota Venza. So anyways, that pretty much rounds out the performance segment of this review, you guys. Let's now go ahead and take a look at the exterior of our brand new 2024 Toyota Venza. All right, so here she is, you guys. The new 2024 Toyota Venza finished in windchill pearl in case you were curious of our exact exterior color name. But by the way, this paint color is a $309 option in case you were curious. But as always, let's go ahead and start with where the Venza is made. Taking a look at the Ven first character is the letter J, indicating that the new Toyota Venza is built and assembled in Japan, completely actually, 100%, so completely JDM. You gotta love it. But let's go ahead to start up front on this one dark gray front grille with chrome accents with active grill shutters as well. So the grill shutters are gonna open and close dependent upon the engine cooling that is needed at any given time. So they're gonna open up when more engine cooling is needed and they're gonna close up when it is not needed. So that is pretty cool. You do have the blue Toyota kind of logo upfront as well indicating that the Toyota Venza is a hybrid of course. LED projector headlights with LED daytime running lights coming standard for all trim levels across the board. I remember reviewing this one just a couple years ago and the LED reflectors used to come standard. But now the projectors, meaning the better lighting, illuminating further out at night is going to come standard for every single trim level across the board. So you gotta love that. Automatic feature coming with those as well along with automatic high beams. So if you have your high beams on at night and it senses a vehicle coming in the opposite direction, it's gonna automatically dim them back to low beams. And when the vehicle is gone, it's gonna automatically bounce it back up to high beams for you there. So you gotta love that. And you guys can probably see those LED fog lights down below as well. They will come on the XLE trim level end up in case you were curious. So that's why we have those with us here today. But anyways, that pretty much rounds out the front end of the Venza. Let's now go ahead and make our way to the side. Find someone else since we are around to the side of this one, low profile silver roof rails coming with the XLE and the limited trim levels. Guys can see those up top there. Rear privacy glass, of course, coming standard as well. You're gonna find chrome windows surrounds. The hybrid badging is officially gone for the front fenders. I remember it used to have the hybrid badging on the front fenders, but it has been removed. So maybe that saved the Toyota a couple bucks when producing this one. Take a look at the side mirrors, body colored power adjustable side mirrors do come standard. There will actually be gloss black, of course, on the night shade. Don't wanna forget to mention that. Heated side mirrors coming standard, LED integrated turd signals also coming standard. And believe it or not, you get puddle lights coming standard as well for every single trim level. That's nuts. You never see that, but limited trim level though is going to add to that puddle lights with the Venza lettering. So you wanna be fancy, go with the limited like we have today here. Take a look down at the wheel setup, 18 inch multi spoke machine finished alloys for the LE, 19 inch multi spoke chrome alloys for the XLE and limited. And you're gonna find 19 inch multi spoke gloss black alloys for the night shade, of course. But that pretty much rounds off the side profile. Let's now go ahead and make our way to the back. Alright, some announcements. So we are around to the back of this one all the way to the top body colored shark fin antenna. Just below that rear spoiler with the integrated brake light. Just below that, you got the rear window wiper, of course. LED tail lights coming standard across the board. That is pretty cool. You got the blue Toyota badge. And yet again, since again, we still have the hybrid here. Just below it all though, Toyota did a really good job with this. So many manufacturers right now are tucking away the exhaust, but Toyota actually still exposes the exhaust, which I personally love that look. So you do have dual exhaust outlets with chrome tips. So having said that, I do believe you guys know what we have to do next here. As always here is that exhaust clip. And so now since we are around to the back of the Venza here, when it comes to opening that rear tailgate, get this hands free power tailgate coming standard for every single trim level across the board. Again, one of those things you only see on upper trim levels typically with the competition. So got to love that. Once opened up, cargo capacity comes in at 28.8 cubic feet. If that was not enough space, there is a 60 fully split, meaning the rear seats do fold down, bumping that up to 55.1 cubic feet. In case you were curious, there is a cargo cover once again coming standard for all trim levels across the board. The LED cargo lighting back there as well. Typically you find the halogen bulbs in the cargo area. So the fact that LEDs are standard, not a huge deal, but pretty cool nonetheless. And then if you were to lift up underneath of that cargo floor, you are going to find a spare tire as opposed to the fix of flat. And you got a good bit of storage surrounding that spare tire. So you probably throw an ice scraper back there too if you wanted to. But then make your way up to the rear legroom that comes in at 37.8 inches for reference, I mean even six feet tall. This is how much space I had in the back seats there. Rear center armrest with cup holders does come standard rear ventilation, also coming standard end, dual rear USB charging ports, also coming standard. You got to love it. But then make your way up to the front seats, cloth seating for the LE trim level, soft techs upholstery for all the other trims essentially. It's what you guys are looking at. Eight-way power driver seat with power lumbar for all trim levels, memory settings for the XLE nightshade and limited trims, power adjustable passenger seat for the limited trim level only, heated front seats for the nightshade, XLE and limited and then ventilated front seats for the limited trim level only. But overall, as far as seat comfort goes, the Venza has incredibly comfortable seats. So it's definitely a solid second place right behind the Lexus F Sport seats. But these seats are absolutely incredible in terms of seat comfort. You're definitely not gonna have any issues taking this thing on a long road trip. So I absolutely love that. But now let's go ahead and take a look at the steering wheel. It is tilt and telescoping. It is gonna be leather wrapped for all trim levels, heated for the limited trim level. And it will be power adjustable actually for our limited as well, which I love seeing that. But now let's go ahead and make our way to the startup here. Let me start by showing you guys the key. It is a Venza-specific key. You got the Venza lettering on the one side when you flip it over, lock, unlock, and the button to pop the rear tailgate there. But it is all keyless entry with a push button start. So all I'm going to do here is simply put my foot on the brake and press that engine start button located kind of just in front of the shifter there. And so once started up, when it comes to the gauges, speedometer is all the way to your right. You have a full digital speedometer front and center. And then to the left, you got some of your battery indicator statistics, but there's outside temperature, trip A, trip B, and this can all be controlled by using the steering wheel amount to controls found on the left side of the steering wheel. There's a ton of different things you could check out up there. So pretty much everything you could possibly want on a digital gauge cluster. But now let's go ahead and make our way to overall interior quality. There is gonna be a Stargaze panoramic moonroof, which is optional on the limited. We don't have that option, so we got nothing. But LED interior lighting for all trim levels, wireless phone charger, all trim levels, dual zoom climate control, all trim levels yet again, homelink controls for the XLE night shade and limited trim levels. That's for up to three different garage doors found in the bottom portion of that frameless rear view mirror there. Eliminated footwells for the XLE night shade and limited trim levels. You got some woodgrain style trim for the XLE night shade and limited trims as well. And that's gonna be found in different colors.  So I definitely like that. But soft text finish surrounding the shifter, you almost never see that. Typically that's left either in a gloss black or like a matte gray plastic. So the fact that Toyota finished this and a soft text finish, that's what other manufacturers should be doing. Like I just got done checking out an Acura TLX, brand new one. And it had matte gray finish surrounding all of this. This is a more luxurious finish than that Acura I just got done driving. So this is incredible. I love the interior quality on this one. So a lot of soft text finishes on the doors as well. You got the contrast stitching that woodgrain style trim also found on the door. So when it comes to interior quality, Toyota crushed it with the Venza. This is definitely leaning on more of a luxurious interior as opposed to otherwise. I love it, but now let's go ahead and take a look at the infotainment screen because it is massive. You get an eight inch color touchscreen display for the LE trim, but all the other trim levels get a 12.3 inch color touchscreen display. It gives you Bluetooth and audio streaming wireless Android Auto Apple CarPlay. There's a cool energy monitor screen up there as well. Along of course, with your radio information. And so when it comes to the sound systems, there are two of them. You're gonna find a six speaker sound system for the LE night shade and XLE trims, but then a nine speaker JBL sound system for the limited. That sound system by the way is optional on the XLE, but that is the one we have today since we have the limited of course. So let's go ahead and turn on the radio see what we got playing today. And let's test out the clarity of this one. It's okay. It's pretty good. Honestly, I expected a little bit more with it being the upgraded sound system. So the way I see it here, the bass was plenty fine. You guys probably saw the JBL subwoofer back in the cargo area. I actually had an aftermarket JBL subwoofer in my very first car. I'll have you know, and I loved it, but it's pretty good bass, but it's only nine speakers. I would have probably threw a little more speakers in this thing with an upgraded sound system because although the clarity was good, it didn't necessarily give me that concert experience. Maybe I'm being too picky, but maybe I'm used to testing out these 16, 17 speaker sound systems lately where it's coming at you from all directions, making you really feel like you're at the concert, but clarity was good. Bass was really good. Just doesn't give you that full concert experience that some of the other upgraded sound systems not a test I'll give you. But anyways, last thing I want to mention to you guys on the infotainment screen is when you do put the Venza in reverse, you will find every review camera coming stated across the board. The Panoramic View Monitor is gonna be available as well, which is always is going to lead us into safety. And so first, let me start by saying IIHS Top Safety Pick. So pretty much does it all right there. Front side, side curtain airbags do come standard. Got a driver's knee airbag up front, passenger seat cushion airbag as well.  That gives you a pre-collision system with pedestrian detection, lane departure alert with steering assist, lane tracing assist, dynamic radar cruise control, road sign assist and a blind spot monitoring system with rear cross traffic alert as well. So overall, when it comes to my final thoughts here of the Venza, excellent fuel economy for an all wheel drive SUV, 40 miles per gallon in the city. That is incredible. Great interior quality as well. Really it beats a lot of the luxury cars that I drive quite honestly. So nothing wrong with that. Very comfortable seats is something I always say when I drive the Venza I feel like because I instantly notice it. Having a bad back, there's only two seats that I absolutely am obsessed with. That's the F-Sport seats from Lexus and these Venza seats, whatever they are. They are absolutely amazing. The only room for improvement honestly I could probably think of is, actually there's a couple things. So multicolor ambient lighting would be nice to see. Heated rear seats I think would be pretty cool as well since the rest of the vehicle's luxury why not go all out? And some rear window sunshades I think would be cool if you got kids in the back as well. But anyways, let me know what you guys think of the Venza in the comments section below. That is about it for this one you guys. Thank you so much for watching. Feel free to follow me on social media if you wanted to see what's coming next on the channel before it gets to YouTube. Be sure to hit the subscribe and the bell notification button if you're in a new car reviews because that is what we do here on this channel after all. Do appreciate you guys watching more than you know and I will see you guys all in the next video. Stay Gold.


A hell of a story out of Immokalee, Florida, which is where Edger and James is from. I learned a lot about that. I actually said, like you said, he's a South Florida boy, right? Yeah. South Florida boys run. Like that is what South Florida guys do. They move, they make things, they're gritty, they're cuff, they're explosive, they're fast. They've been through a lot to get to where they are, let alone him having to beg for jobs in the AFL and now get a chance to have his night on Thursday and I football with LeBron James tweeting him and everything, what a story, what a superstar. But now going forward, they got two, like all pro running backs already. So has that immediately put the Ernest Johnson on the trade block? You know, cause that's coming, November 2nd, right? Yeah, that's very quick. I mean, that's very quick. What is Andrew Berry going to do with the Ernest Johnson at this point? Well, when are his studs, when are both studs come back? Yeah, who knows? I don't know. Do we have any at the other timetable? Nah, I'm not a harm-send sure. Last night didn't sound like it was gonna be for too long.


Hey there friends, thanks for checking in. This video is sponsored by Sonoran Desert Institute. If you're interested in a career in the ever-growing firearms industry, arm yourself with an education. Sonoran Desert Institute offers online learning like armor courses all the way up to an associate degree. Visit sdi.edu or call<PHONE_NUMBER> to learn more. Hey there friends, thanks for checking in. After ranging out, today we're looking at the standard manufacturing S333 Thunderstruck Revolver. Chambered in 22 Magnum holds eight shells in the cylinder. It's a double barrel. So with each pull of the double trigger, two shots of 22 Magnum will come out. They have a tactical urethane grip there, that's what they called it, and three-dot milled-in sights on top of the frame. An aluminum frame, steel barrels, steel cylinder, does have a trigger bar safety in there, and transfer bar safeties internally. Now this does have a heavy trigger pull, and this is the updated model. The updated model has an inch and a half long barrels opposed to the inch and a quarter long barrels. Now people either love it or hate it. Okay, it's innovative. A lot of people like that new firearm. 429 is MSRP, and you know they want to get the new firearm, but a lot of people don't like it. They say I'd rather have something else, and that goes with anything. Now the first time I shot the original with the four and a quarter inch barrels, I shot from about this distance, I would say seven yards, and I went for that tombstone right down below. I'm going to go for that right now.  So we're going to see if that's true, at least for me, right here. I missed. Let me try dropping that side a little bit. I missed again. All right, so I see what I'm doing. All right, so the last two I hit, I can see where I hit. Let me see if these will... Okay, what happens is the case expands, and it's hard to get those shells out there. Last time I took my pocket knife, and I tapped on this to get them out, and I was able to do that, get them out there, and then as they expand, there's not a lot of room for them to go with the ejector. Well, let's go ahead and take a look. Of course, we won't be able to see if it tumbled or not, but we will be able to see the four shots that did hit, and that's what we're looking at right there. The one thing I learned when shooting that tombstone target was to hold the sights quite a bit lower. So by using the three-dot sights, it's not like a standard handgun where you would align that, you know, with each other and fire at the target. I had to shoot very much lower. Now the S333 stands for what standard manufacturing says is three yards, three shots, and three seconds is your average self-defense round. So I've got some paper here on the berm. I'm going to back up close to three yards anyways, and I'm going to hold low and see how well that'll look on paper. Let's see. Okay. All right, let's take a look at those entry holes. Come over here to get out of the shade. All right, that was, I believe, the first one. Those looked pretty clean to me. Those look pretty, now that could be a tumble or it could be the angle that it was shot. I'm not going to say now, I haven't done much in terms of this, so I'm not exactly sure. I typically shoot steel, but that, it doesn't look too bad to me anyways. So it's possible that the longer barrels did help with the tumbling issue or those tumbled. I don't think they did though. I think that they're pretty clean shots. It actually didn't hold too much lower. All right, pretty close to the steel. I am not worried about ricochet. Let's start right here. All right, so the bottom line is this guys. This is a belly gun. It's not, it's not for distance. You know, you would be unwise to use it from distance. I would say three yards on in. All right, so if that's attractive to you, then the S33 might be attractive to you, but it's certainly different. It's innovative. Some people call it a novelty gun, whatever the case. I'm a collector. I like all types of guns, certainly different guns. And I think that it's cool in its own way.  Probably not at all. I know I haven't seen anything like this since it was originally released, but there it is. You wanted a range review. Many people, I said I was going to do it. A lot of people said I'm looking forward to the range review and that was my range review. So I hope you enjoyed it. If you like videos like this, please subscribe and share. I always appreciate thumbs up button. Thanks for watching and you guys be safe.


Today in Syria, two and a half years after this conflict started, it's really catastrophic. It's not improving. It's fair to say that this very violent conflict has not spared anyone. In besieged areas, whether in government-controlled areas or on the other side, I think the civilians there are the most vulnerable of the vulnerable. For some of them, they didn't have access to water, to electricity, to medical care, to food for more than a year. If to this you add the fact that the new winter is coming with a lot of houses without glazing, without electricity, without water, it makes it an additional stress for the population. I think that Syria will be remembered as the conflict where there has been and there is still lack of basic respect of the medical mission. We see hospital being targeted, being a doctor is by definition very dangerous in Syria, nurses are not able to operate, ambulances are being targeted, these are matters of grave concern for us. Indeed, the chemical weapon has triggered a dynamic with the Security Council resolution that is now being implemented. Your hope as humanitarians is that same dynamic triggers greater acceptance for humanitarian work. There is a dire need for consent of these basic principles so that Syrian Request and Volunteers, ICRC, other humanitarian organizations active and committed to work in Syria are able to deliver the most basic humanitarian act that is treating a wounded person.


What's going on everyone Sam here with late in sports cards. We are ripping 23 Bowman baseball Sapphire edition five box break number 18 Random team style here's a look again at your random results as always find those on the website under the results tab As well as the link that's currently in chat. So good luck Real I see some big autos out of this Say a Camaro Red got an orange JC young 15 of 50. Here you go Tigers and And Marco Luciano, please Laura Cole young Roman Anthony first and Cam Collier first nice pack there Devison De Los Santos Christian MacCaro 2055 that is going to the nationals grads on that Washington and your Donnie De Los Santos Garcia Montecino first Leandro Arias first. Oh Andres Mesa. Let me go into the Rangers grads on that Texas You know Kenny K with the Andres Mesa and Yafri Solano first Lays Jordan Green Lazaro Montez 53 of 60 grads Mariners on that one There you go, and William Lugo. Uh, there is Jordan they're not going till the end of the night, but it will go later. I would say then Probably after one would be my guess if you were to order now Neurilian Sidenio, Simon, Raffaella and Christian Veccharo Krithian Veccharo. How you Lee? Nice one there on the base auto for the Phillies not about how I Lee about how you Lee Nice one there congrats Phillies. He's now a Detroit Tiger He's used by his first to 60 for the Mets and Lee's my Locunia Alex Ramirez my dad is that's kind of where I get it from. Yeah, I hate to say it Hernandez Juan Chacon Spencer Jones, that is a Juan Brito 255 on the aqua for the Rockies and Dillon O'Rei Yes, Gustavo, I apologize on that Lazarum on says Matt Mervis. Yeah, he's white socks. Let's go my Tony Blanco an orange coming up here Ryan Clifford orange Nelson Radha It's a 50 on the orange 21 of 50 Brats angels and Blake Luber Luber You sure Edward Julian Jace Bowen aqua to 55 for the Pirates and Jacob Barry first Or a Burgos that's moises by a Starros that'll be going to the Cubs nice one there Chicago Leave us in our favor Martin Gonzalez the little gear they get the Matt Framie de Leon of the Ustela Cruz So funny that like some of these guys got traded already. That's a red is Henry Davis 9 of 10 on the red And congrats Pirates very nice There you go Pittsburgh picking up the Henry Davis and Anthony Gutierrez I'm narrow first green Yankeel Fernandez the 60 Top 100 prospect there you go Rockies and Trace weenie on how's your now? Gabriel Martinez Justin Crawford and one of us look at this bot out here right now He's shorting out opening the fridge reason shorting out over there opening the fridge Honestly This thing of watermelon and one chicone Getting watermelon There's entrees Mesa 16 of 99 for the Rangers again Don't know right as Eric Brown jr. 15 of 55 downtown Eric Brown Matt Mervis Lazaro Montez Dress 20 Blanco Another orange coming up is Luis on a la Cunha 8 of 50 for the Rangers rinks killing it right now That's on that Texas and Blake again Uber green Spencer Jones 24 of 60 Spencer Jones That was Jake Michael Luchino Jake made that up Jake and Forrest made that up Please Now we're hitting all the sticks in this one Will Watson cam Collier first and you're down to give us something. I need is cold and freezing That's one of the original That you can credit that for like the birth of most Probably so a Meyer Coloss and you on how a pointe first Green is Samuel Munoz. It's a 60 for the Dodgers and Josue de Paula no way Josue Fernandez Kenny Gomez Purple Jesus Christian Vecchero 14 of 25 grads on that Nationals Chrithian Vecchero Jaycee on Martina's Jayce Bowen and Luis on a Cunha Almost auto Lizandro Rodriguez that'll be going out to the Royals base auto That's Casey Alex Ramirez and orange is Roger Arias 26 of 50 for the Yanks That's on that to New York Christian Hernandez All right quick recap here everybody. Thanks, sir we had Culla is gonna be To 60 greens Samuel Munoz Yankeel Fernandez Spencer Jones Jesus Baez laser Oman says 55 Aqua is Juan Brito Eric Brown Jayce Bowen Christian Vecchero oranges to 50 Jayce young Nelson Raga That is Roger Arias. We had as well as a Luis on hella Cunha red Henry Davis to 10 to 25 Christian Vecchero and autos we had Lizandro Rodriguez Moises by Asterios how you Lee Andres Mesa and Andres Mesa to 99 The break everyone. Thanks again for the fill up next is that two box Bowman 2020 Bowman


The culminating event was squad and section of high-fired. This consisted of them moving to contact, clearing the trench, battle drill 7 and battle drill 6. So what we're doing essentially is we're training them to be effective instructors. So when we leave here the instate is for them to be self-sufficient so they can train their troops. American soldiers are more experienced at running this type of training. They refine their skills and how they observe our instructors working alone. They have more advanced theoretical and hands-on skills. Our instructors conduct the training and Americans assess them and their overall ability for training others. These guys are super motivated. They adapt very easily to different things that we teach them and they have a lot of experience of their own. They have a lot to offer the different soldiers that they have coming in, the Ukrainian soldiers. And they're doing very well getting them taught, they're getting through the lane very easily and it's going very well.


But I think that the greatest challenge today in touching back on how it's evolved is that things just keep getting more and more complex. Just setting up a dev environment can take a half a day. Whereas before, you just open up a notepad and you start working. I mean, that's the development I came from.  And you're like, right, okay. Why did it break? So trying to make life easy for someone that's facing that daunting of a challenge is a challenge in itself, right? How do you make that any easier for somebody? It's really difficult thing to boil down. I think we're running into that with auto dev ops and Kubernetes. There's all these very specialized things that need to be done and everyone's using different tool sets, right? If you're using this particular tool set, it's gonna be a different setup from this particular tool set. And we're not dictating what they should use, we're just giving them the tools to integrate. So that's quite a hurdle to overcome sometimes.


So, ladies and gentlemen, thank you for joining us at today's presentation by Mr. Percent. This is sort of a series that combines European politics and European economics. We've had presentations already by the Presidents of the Court of Auditors by various other authorities. We will have presentations by the Deputy Governor of the Central Bank, Sharon Donnery, and also by Bruno Le Mer, the French Finance Minister, very shortly. So you can see that the IIA is trying to present to all of its members a really well-rounded view of what's happening in Europe in economics and finance in a way that has so far turned out to be really quite accessible. The rule of the day is that Mr. Garcent will speak, and that's a recorded conversation, but that when we get to a discussion afterwards, it's chat-and-mouse rules, which means you may, of course, discuss the information on a non-attributable basis. And that is not to be non-transparent, it's just to allow people a chance to speak without having to organize their thoughts in an overly organized, exactly what they say in exactly the right form of words. I think we will have a very good conversation. Let me briefly say that Mr. Garcent is the Director General of the Director General in the EU, which controls things like the Banking Union, the Capital Markets Union, and so forth. For those of you who don't know in the European system, legislation is proposed by the Commission. So the Parliament, the Council are very much involved, of course. They may suggest that legislation might be required, but the drafting, the architecture of the legislation, the architecture of the regulatory system comes from the Commission. So we have with us today, in effect, the Chief Architect of the European, of the ongoing changes in the European Financial Regulatory Legislative System. It's a great privilege, therefore, to have the chance to hear what's being said. I think probably because of historical reasons, we are all very focused on banks still in Ireland, but there are many people in the room who are in non-banks or who service well beyond, who provide services well beyond the banking area into other parts of the financial system. And therefore, your views on the Capital Markets Union and how it might progress, and also on sustainable finance and so forth, will be very interesting to us. So thank you very much. I'll allow you to far away. Thank you. Thank you so much. Yes, I had planned today to sometime my remarks on two topics that are future-oriented, which are innovation and sustainable finance. We can also discuss all the rest in the question time. It's not because there are a number of other things that are important. I mean, we need to finish Banking Union rather sooner than later. We need to put in place a true Capital Markets Union for many reasons. The first one being that because we've been relating the banks, the ability of the banks to deliver much more financing to the economy than what they are delivering now is limited because their leverage is more limited than it used to be. I remember instantly when I took over as head of staff at Pistor Barnier almost ten years ago, which is when we started the journey towards revamping the old regulatory framework in the European Union. We were working on the first steps of CRD-4, so the new Basel III framework. I was discussing with friends of mine that had been studying finance very long time ago, so very old, so like thirty years ago, and I was telling them that in CRD-4, so in the Basel III, the maximum leverage is three, so one to thirty-three, in effect. I was like, wow, that much? No, no, we reduced it to one to thirty-three, because that's true that in the good old days in the 80s when I was studying finance, when you had a leverage of one to ten, one to fifty, so I mean, that explained something, and the leverages pre-crisis had gone very, very high, and it was actually urgent to bring them down and a couple of other things, but the result of all this is that of course the ability of the banking system, all things equal to provide more financing to the economy, is therefore limited on the grounds of safety. And so the first reason why we need a capital market union is because therefore we need non-banking finance to complement that banking financing. We do not need less banking financing, we need more banking financing, we need more non-banking financing, and this is only not here in Ireland that I need to convince people about that, because one of the few member states that has a real expertise in that field. The second reason why we need a capital market union, so a well-functioning single market for capital if you prefer, is not so much quantitative, it's qualitative, and that is that not all of the industry needs are best served by bank services. Every company needs a bank, but if you're a small spin-off of a university active in biotech, you need risk capital. That's something your bank cannot provide to you. So even less in continental Europe, even in member states in which access to finance is very easy, it's still a challenge to get access to equity. Well, it's very easy to get access to loans, and this is of course favored by the tax buyers towards loans, but not only. This is also because we are a heavily bank-dominated system in continental Europe over 70%, and that in that bank-dominated system it's very difficult for non-banks to get access to the information you need to have if you want to effectively and actually economically serve the market. That's one of the issue we have. So the second issue is an issue of basically qualitative adequacy. If we don't want or more promising companies in terms of growth of job and innovation, and innovation will come to this in terms of financial services, but innovation is where really is the battlefield of the world competition. This is where we will lose or win the battle. This is where we will keep on being at the big table or relegated in the back seats. But that would mean that yes, we need to continue to finance research. Yes, we need to do a number of things that we are already doing. That's some point. We need to be able to provide our most promising companies with the type of financing they need, the right financing mix so that they don't have to cross the Atlantic to find it. That's as simple as that. That is a very big challenge. The third reason why we need a capital market union is that it is very obvious that from a political point of view there is a limit to the willingness of member states to accommodate or to cover for larger symmetric shocks in the eurozone. You may understand this. There have been some of the impression there will be always the one signing the check. Of course, private sharing is a lot more effective and bigger actually than any measure of public transfers. The best thing that could happen for the stability of the eurozone is that there is more Germans investing in Italy, investing in Greece, et cetera, et cetera. But for this you need to have effective means to select the business opportunities, benchmark, make your choice, et cetera. This doesn't exist. So there are a number of intermediations that are broken, needs to be restored, and this is what capital market union is about. That's why, although the names are similar, it's a project, the nature of which is completely different from banking union, because it's about trying to see where are the problems, where are the market failures, whether the market intermediation doesn't happen. Why? And try to restore the incentive so that it happens again. Once you have done this, then the market needs to understand it and sort of colonize this structure and make it work. So that's complicated, that has multiple aspects, and that will take a long time. And that's why it's a bit more difficult to get the politicians to be so excited. I mean, they're all praise, capital market union is great, but when you come to the actual hard things, the hundreds of small things you need to do, then they lose a bit of their interest. In particular, because there usually are reasons why this intermediation do not happen, and that is it protects niches, or it protects existing positions of national players that are not willing to give them away. So there is a tension here, and that's why it's long and it's difficult. We've had some success, but that's a project that we'll need to continue in the next commission, and probably in the one after next as well. All this is about the single market at the end of the day. The single market, as our British friends are discovering, is, I mean, we always say, it's our biggest asset. Sort of we say it without really thinking about what it means. I think what Brexit shows us more in other fields than in financial services, actually, is that this is really our biggest asset. I mean, the reason why Europe is still relevant in the world scene is because we are a single market of 500 consumers, 500 million, sorry, consumers, and on all what goes together with it, on all the business opportunities in terms of growing on scale, et cetera. How imperfect the single market is, as I just explained for the capital markets, for example, but still. And of course, what the crisis showed us is that there are ways of building a single market that are simply not sustainable, because they are not responding to the needs of the economy. And now I mean specifically in the field of financial services. And they are actually potentially even threatening our prosperity. And that's why, I mean, all the 50 or so regulations that have been taken since 2010, and that have actually redone the whole framework of financial services across the board, was necessary. I mean, what people from the industry used to say, why me? I mean, my sector was not at all involved in the crisis. And they were absolutely correct. But you know what, normally the typical answer to a crisis, to fix the root of that crisis. And what comes next, typically as well, is that next crisis has completely different roots. Because of course, you have plugged that hole. So it comes from somewhere else. So what we've been trying to do, without really succeeding, because you never succeed in this type of endeavor, was to actually cover not only the roots of the existing crisis, but the potential of the sources for the next crisis, which is why we regulated a number of activities that in all of you were not regulating the way that allowed a sufficient risk management, although there were indeed not involved in the 2008 crisis. And what we see now is that all this is not enough, is not enough for two reasons. The first one is complacency. I mean, as I said, I think the banking union was the project that needed to be decided. When member states were scared, it went very fast. As soon as it started to produce its effect of calming markets, all of a sudden it was not that urgent. Because it's never easy to make abandonments of sovereignty. It's never easy to explain, to have to explain to your people as a politician, that the choices we have made collectively, not only towards the euro, involve necessarily sharing sovereignty in a number of domains, which means you're not autonomously deciding on your own as you used to be. Because that's the rule, that's exactly the same as you were living in a house and you decided to move into a condominium. Well, you have to discuss with the other others. You have to agree. A number of things you cannot do. You cannot dig holes in the walls as you see best fit, etc. You cannot decide you will not pay your bill anymore. So, all these things have not really ever been explained. There is a natural reluctance to explain it and therefore that stole the process at political level. This is what explained that the banking union is still not finished. Although I have to say in the recent month, I have the impression that Michael may agree or disagree, I think he agrees, that the mindset has evolved more in the last six months than in the previous three years. So that good news or that not good news? I'm not so sure. Because the reason why the mindset evolved, maybe because politicians are to worry a little bit more than they used to do again. Growth is slowing. You see that risk is building outside of the banking sector. I mean, we have been pretty much tightening the regulation of banking. In Europe, we have been tightening many other regulations, as I just said, not elsewhere or not necessarily elsewhere. And in particular, I was saying over lunch that I'm checking with great interest the evolution of high-yield credits and leverage loans outside of the banking sector in other regions of the world. In particular, ever since I've read a study that explains that it has been greatly boosted by securitization. If you replace leverage loans by subprime, you have something that should remind you bad memories. So, and the only thing you learn when you're a regulator is that people, if there is money at stake, people usually have a very bad memory. So, but all this we need to do because our first duty is financial stability. I mean, for as much as you can, you may have a bit of additional and relatively artificial growth if you allow the building of risk in the system. The price to pay is you have quite severe recession in the coming when these risks actually explode. You're painfully aware in Ireland and the rest of Europe as well. But if we want to keep our role or place on the world scene, if we want to be able to continue to matter next to China and the U.S. mainly. We need first to be a little bit more joined up than we are currently. I have addressed this point, so I don't come back on it. We need also to do the right things in the right sector. So, there is not only the financial stability sort of repairing or caring for the risks aspect. There is also a proactive regulation developing our industry in the sectors that will matter in the future. And this is what I would like to mainly talk to you about today. And I have picked two topics, which are probably you could select others, but these ones in my view are the more pneumatic one and that is sustainable finance. And everything that has to do around the crossroad between finance and innovation with its threats, risks and its opportunities. If we are not able to be a significant players in these two fields, we will gradually matter less and less on planet finance and therefore on the planet at all. And we have a real opportunity there. We have a bit, in my view, behind the curve in innovation, but we are ahead of the curve in sustainable finance.  Even if you don't believe in it, there are short-term side benefits for the industry because if Europe becomes the center for this, our industry will benefit from it. So what are we doing in sustainable finance? Well, first of all, let me comment on that. You have a stated ambition to become a hub for sustainable finance in Europe, which I think is good. Others have the same ambition, which I think is equally good. I've been dedicating 20 years of my life doing competition policies. So I believe, unlike most of my compatriots, that usually you're more competitive when you confront yourself with others that are as performing as you are, even more performing than you are, rather than making races of your own alone and therefore you win. Because one day or the other, you end up meeting others and then the sad reality comes to the surface. So it's good that there is a healthy competition between centers. That was partially prompted by Brexit. And I think the post-Brexit world in the EU-27 will probably be a world of multipolar financial centers. I don't think any of the competitors has the capacity to concentrate what the city has concentrated. And I don't think it is healthy either. But anyway, I told you about my competition background. I hate picking the winners as well. And maybe one will concentrate. And that would mean it's the most efficient way to do things. And it's great. But I don't think this is what will happen. Anyway, in the area of sustainable finance, I think there is room for everybody. It's a nascent business. It's a business in which there are equal opportunities. Ireland is doing great things. Luxembourg is trying also to do a lot of things quite successfully. Paris is not staying idle. That's all this is very good. The Dutch have a keen interest for very obvious reasons. They will be flooded if it doesn't work. So all this is excellent. What is it that we are trying to do at the EU level? Well, let me be simple. If we want collectively, as Europe, to meet our COP21 targets, we need to be carbon neutral in 2050. And I can tell you, if you have spare time, read the studies about what that means. The previous industrial revolutions are peanuts compared to what is ahead of us. And if we don't make it, the consequences are potentially dreadful. Because for as long as scientists can broadly explain to you how bad it will be up to three degree warming in 2100, above that, the problem is that you may start mechanisms that we have no idea what they will bring us through. Above three degree, at some point, nobody can tell you which one. Ocean may stop absorbing carbon or be too acid. And good luck to the Irish fishermen. Above three degree permafrost will be permanently defrozen, liberating hundreds of tons of methane in the atmosphere. And methane is 12 times more powerful than carbon, et cetera, et cetera, et cetera. So for an own sake, we'd better have a planet that is contained below three degrees. And if we want to have a planet that is still nice to live in below two, ideally below 1.5. But if you think that in the last 20 years we didn't manage to counter a warming of one degree, because we are currently at one degree higher than 30 years ago, there are ability to limit it to an additional 0.5. If you think what it would mean in terms of the way we live, I frankly don't think will happen. I would hope it will, but I don't think it will. But anyway, if we want to be carbon neutral in 2050, only for energy and transport, we need to find an additional, so incremental each year, 180 billion in investment. Now, if you add a couple of other policy dimensions, you are at 300 billion, incremental each year. And if you include energy, efficiency, renovation of buildings, et cetera, et cetera, all things which will be needed to be done, then you're much more than that. Another way to say it is that there is no measurement of public spending that can meet these targets. So we will need private funding. And that's very good, because it so happens that we have over 100 trillion of assets in the EU. One of the problems is that they have a huge appetite for short term, so no irrespective of sustainability. And that's more of capital market union problem. And that's also something that's difficult to understand, because why is it that we save more than we have ever saved in history? And there's that is because we are uncertain about the future. I mean, if you look at macroeconomic studies about the frequency of repetition of crisis, ever since the great crisis of 1930, it's very interesting, because the frequency double every 20 years. So that's why we, that's why the first reason why we save more. The second reason why we save more is that we are an aging continent. We save more because we know we're going to be old, and we have to care for that. So in that sense, at least for the second reason you should save long term. It's difficult to explain why savings are such an appetite for short term. And it's also difficult to see how you can restore the incentive towards long term. But that's a capital market union issue. But long term is not enough, it needs to be long term sustainable, because otherwise we will miss, we will miss our targets. At roughly over 100 trillion, we should be able to find 500 million to invest in long term sustainable investment, especially as these long term sustainable investments according to old studies do not have a lesser yield than any other. But still it doesn't happen. Well, we've been trying to understand why, and that's the result of an action plan that the commission has adopted a year ago, in March 2018. And we have launched the first measures very soon in May, and we hope to have the first legislation still adopted in this legislature. So what is this action plan about? Well, the first issue, the first reason why there is not enough investment in long term sustainable assets is that there is no common language. What you mean by sustainable is not necessarily what I mean by sustainable. If I'm a fund and I market myself on the full page in the financial time as sustainable, you don't actually really mean what it means. Or maybe the small part of the fund that I'm advertising is actually invested in sustainable assets, but the whole fund around is not and is maybe invested, you can benchmark at how many degrees a fund is invested. So some of the funds that market themselves are green are invested at six degrees in 2100. So that's all fine. I mean, you may invest in whatever you want, but it's simply if as an investor I have a preference, I need to have an information I can rely on. That information doesn't exist because we have no common language. So the thing we have decided to do is to create that common language. We call it a taxonomy. It's complicated because it's not about saying this is green and good and this is brown and bad. Others have tried this way and it didn't work. The Chinese have tried to put in place a taxonomy that was predicated on this basis and it didn't really work. And the reason for this is that don't tell that to my friend in NGOs, but you shouldn't really care whether it's green or brown. What you care about is is this investment saving emissions and how much? Because the business we're in is to save a maximum of emissions of carbon in the next 10 years. Because if we miss that we won't win the battle and we won't contain global warming to two to two degrees. It's as simple as that. So and that of course makes it more meaningful but that makes it more complicated. So take the producers of flat glass, I mean the glass in these windows. Are they green? Usually not. They are quite brown actually. Well trouble though is we cannot win the battle against global warming if we do not have massive plans for energy renovation. And we cannot do it if we do not have the very efficient technical glasses. So we need these guys to invest and we need them to get access to finance, to invest into these products and manufacture them. Of course we need also them to manufacture them in a less carbon emitting way than they do and that is also doable but that also involves huge investments. So it's not about them being green or not green. It's about what is it that they are saving as a mission first through the modification they're making in the manufacturing process and second through the products they are selling. Second example electric cars are electric cars green. Depends. I don't know if you know what is the lowest emission car in the world. It's a small Hyundai with a 900 cc engine that is sold only in Korea. That's not an electric car because when you measure the emission you should measure it in the full cycle what they call scope 3. So emission of building, emission while using, emission while recycling. And when you do this I can tell you my small Hyundai outbeats any Tesla by quite a distance. So that all depends on many things. You've probably noticed in the news that there is this French-German venture to build batteries in Europe. That's interesting in many ways but one of the ways is that if they succeed these batteries for use in cars in Europe will have a carbon outlook that will be five times less than the current ones that we procure from China. So all this is to be taken in question when you design the taxonomy and that's why it's technically complicated. So we have experts which fortunately are not commission experts that are trying to disentangle all this. We are keeping member states aware on a weekly basis. I mean this time we are just really something in which we need to move together. And if there is any issue we need to clear it immediately. And then we will need to have the political discussion. The technical discussion is difficult. The political is going to be very difficult. Nuclear. Green, not green. Definitely not green. But then if definitely indispensable if you want to win the battle against global warming. If you dismantle today nuclear produced electricity in Europe you cannot replace it by something that doesn't that emits less carbon. So you have a net hiring of your emission. So you like it nuclear. You don't like nuclear. I don't like nuclear. But we need it at the grand structure as a path towards a sustainable economy. And therefore making it uninvestable is probably not a good idea. Cold. Green, not green. Not green. But there are cold plants. So should you make uninvestable a carbon capture system in an existing cold plant? My private no. You should actually encourage that investment. You should certainly discourage investment in new cold plants. But the cold plant is there. There's no way it's going to be shut down. Therefore I prefer one with a carbon capture system than one without. So and we will have this type of political discussions and then they have a number of very deeply embedded idea that has nothing to do with science and that will rest and in the way of a reasonable debate. But anyway we are at the front worldwide in this exercise. The Chinese are interested. The Indians are interested. The Japanese are interested. So we have a chance to if we succeed because it's still very challenging to produce what could become a world standard. And we actually intend to offer it as a common good as soon as we have a sufficiently robust first product. Why? Well because I told you about the challenge we have in Europe. But you know what? Europe is 11% of total emissions. And not only it's 11% of total emissions but it's probably the area in the world that is doing much in terms of cutting emissions. For a good and a bad reason the good reason is that we are doing a lot of things to cut emissions and the bad reason is that our industries is flying away to other places in which they have less constraints. So that doesn't do any good to global emissions. They simply do their emissions elsewhere in the world. Secondly the bulk of the increment in emissions that we foresee will come of course from developing countries because the only way to develop today is to emit more gas in a carbon dominated society. You will tell me that there are technologies to do otherwise. That's true but they're a lot more expensive. That's why they're not in place here. So let alone in developing countries. So if we really want to win that battle we need to be able to help these countries to find the financing to jump over a number of technological generations and go straight to decarbonated development. That's a collective interest but that's a game theory thing. That's a collective interest that's not necessarily the individual interest of the industry in Europe because they will immediately become a very strong competitor. So that's the type of dilemma that we will have to solve. By the way what the commission has decided will power a very, very high level conference in 21 March this year is to level up our strategy in sustainable finance at world level, create a platform and offer the result of our work as open source product for developing countries and other international partners that are interested. So that's a big, big, big challenge and if you think about it once you have this common language especially if it broadens. I mean interestingly the largest Japanese pension firm GPIF has announced that as soon as there is a EU taxonomy in place they will start using it irrespective of what Japanese authorities will do. Another is following that path as well because that's the only way you can structure large international pools of liquidity that will be able to benchmark products on the basis of the yield but also on the basis of the other elements. That's also the only way you can develop a credible system of labels, benchmarks, indexes, etc. So this is everything that has taken this is why it matters not only for sustainability but also as a competitive advantage for our industry that Europe is at the forefront. I mean as you know in the industry one year's standard setter you usually derive a number of competitive advantages from that position. So that's the plan. There are a number of other things that go along with it clarifying the duty of asset manager and institutional investors to take sustainability into account. It's also the subject of one of our legislative proposals that will require financial market participants to disclose to their beneficiaries how they integrate environmental, social and governance factors, DESG factors into their investment and advisory process. And there I'm back to my example. Those investment managers whose products are marketed as sustainable so if you make it a marketed argument, a marketing argument then you will have to disclose how you achieve those objectives. So in other words you will have a general obligation of disclosure for everybody but if you choose to say well I'm green then you will have to positively prove it according to the taxonomy and the agreed method. We will require insurance and investment firms to advise clients and provide suitable products on the basis of their sustainability preferences for the time being it's not possible but in order to put that in place you need to have a command language. If you don't speak the command language you cannot do this. So there are a number of ensuing consequences of this taxonomy. And of course I should mention that this should not be seen in isolation. I mean the Europe as I said is at the forefront really of the fight against global warming. I think we are the only one that have met our targets so far. I actually exceeded our target. We are the only ones that have a clear legally binding target to reduce our emissions by a further 40% by 2030 and to become carbon neutral by 2050. If the whole of the planet would have the same we would make it to the two degrees. But there we are talking I mean I told you about basically a half trillion in Europe. When you go to developing countries you can multiply it by a significant number. It's an opportunity frankly. It's an opportunity for them it's an opportunity for the financial industry as well. And that's the way we should we should see it. Let me let me go now to innovation because that's the other big challenge in the future. And frankly for the time being Europe is not so well. I mean I could see that the US, Asia are quite ahead in terms of innovation. Maybe because the faster movement maybe because they are less sensitive to the risks that are involved. I don't know but that's that's the point I think. One of the problems we have in Europe is if we want to be at the forefront of innovation we need to be able to get this innovation to benefit from the single market. For the time being because fintechs and all the rest of them are not in any framework at European level. You may develop them however you want within one single country but that's it. So that's okay if that country is Germany or France because you can acquire size within the boundaries of your country. If it's Estonia or maybe Ireland it might be more complicated to get the critical mass that will allow you to move towards being able to cope with the mainstream regulation at European level because you're still too small for that. And then I think it's relatively disappointing that in all dealings with the national supervisors there seems to be no appetite for something that I would have thought is starting from first principles very obvious which is that they should all have a sandbox or an innovation lab. These sandboxes should all be built on the same principles and they should be interoperable and this should be coordinated somewhere in Esma or I don't know because that's a question of equity. I mean if you want the innovators in small member states to have the same opportunities as in the big ones without having to move which is in my view partly what Europe is about you need to be able to build a system like this one. You need to be able to reach out of your member states from your home relatively freely and if you want to do this in a system in which you don't go into mainstream regulation that means you have to be able to scale up your sandbox. That's not where we are and that's not where we are for many reasons which in my view are probably cultural. If supervisors were risk takers they would work in the private sector. I'm amazed as a regulator I mean very often I will not give names I see supervisors large supervisors sometimes come and see me and say well you know if there is this this thing in the regulation we don't know whether we should do like this or like that. Well yeah I mean because that's on purpose actually because I don't know either that all depends what's the problem what's the structure of your market what have you and the reason why it's like this is to give you freedom to interpret the regulation the way that suits best the consequences of the structure of your market. Oh yeah yeah yeah but I mean that's hugely complicated I mean we we have a huge legal risk we want you to clarify and occasionally we do clarify and then invariably I get the same supervisor coming back to me so you remove all my discretion. I don't know how to to combine the two frankly even you have a standard that is reasonable but sufficiently loose so that there is a discretion of a supervisor which is my model and I don't think regulators should try to do the job supervisors because that never works. Let me give you an example we have this equivalence with the US on CCP's in EMEA took four years to negotiate and after three years the only the only problem left was the level of margins and they had one day growth if I remember we had two days net we discussed we discussed we discussed and in the end of the day we would probably have settled on something. Accept that for the CFTC to change the margining policy it takes them to gather the commissioners and decide. For me to change the margining policy it takes me to make an amendment to EMEA send it to the council parliament and maybe two years after we have something different and that's what happens when you don't empower your supervisors you don't allow them to flexibly adapt to market situation not transpose this into the fintech world. One of the things we will need to do is we'll need to explain to the parliament and the council that they need to be a bit more empowering with the institutions that they have created and they actually are made of a collection of their own national supervisors rather than trying to prescribe in a very tightened way how they should act because we will invariably get it wrong or maybe you get it right at the time best case scenario you draft it but six months after the markets have moved and six months after you're still negotiating of course so later on two years after and your ability to change in any meaningful time frame is zero so there are a number of challenges for Europe to matter in terms of financial innovation and it's all about for everybody in the world it's all about a a thread off between allowing innovation to flourish which has a number of benefits in terms of efficiency cost cutting etc and of course controlling for your risk in the specific european setting this is specifically challenging and the more quickly things go and with innovation it goes very very quickly and the more inadapted the way we do business at regulatory and supervisory level is so this is something that we are preoccupied about in the commission this is something a number of member states the more flexible ones are preoccupied about as well but there are considerable risk-free sentences in the parliament and in a number of other member states so there is a huge advocacy work to be done we will do a bit but i think the sector should do this bit as well because the consequences of losing that battle are huge i mean because it's exactly like in sustainability the best innovation centers in the world will become the standard setter and we will become techers if we're happy with this we just have to continue as as we are so this is why we promote a number of things like innovation facilitators etc etc we're very happy with the work that the ESAS are doing in the area of cyber risk but we need to be at the same time a lot more joined up and a lot more empowering in the future if we want to matter in terms of innovation and private finance thank you thank you very much