Discover Das East Salam, 10 tourist attractions. Tanzania is filled with beautiful and amazing cities that are good tourist destinations. Dar East Salam is a major city and commercial port on the coast of the Indian Ocean in Tanzania that developed from a fishing village. The word Das East Salam is developed from an Arabic word which means the abode of peace and it's the busiest and largest city in this country. This city is a burgeoning port city and commercial centerpiece for much of eastern and central Africa. Dar East Salam is a rich melting pot of ancient cultures and modern lifestyles. This city is home to Tanzania's major port. Das East Salam is filled with desirable location and natural harbor, coastline, natural reserves, botanic gardens, stunning natural parks and much more. Here's some interesting place to visit and things to know about Das East Salam. Please take a moment to like, share, comment and subscribe to Africa Reload for more interesting updates. 10. St. Joseph's Cathedral This cathedral was built by German missionaries from 1897 through 1902. This Gothic style Roman Catholic Church looks a little incongruous amid the steel and glass skyscrapers bristling along the harbor front.  The Dar East Salam Archdiocese's seat, St. Joseph's Cathedral, has several notable features that make it worthwhile to visit. Its shingled spire, vaulted interior and exquisite stained glass windows are the most remarkable features. Many of the original German inscriptions and artwork may be found throughout the cathedral, including a carved relief over the main altar. St. Joseph's Metropolitan Cathedral is located on Sakwine Drive, directly across from the Zanzibar ferry terminal and within the Dar East Salam CBD. It's also close to the White Fathers Home, Magigoni Creek and BRT routes. Visit this church to marvel at the beauty of this gold-plated structure. 9. National Museum and House of Culture Tanzania's Museum and House of Culture is the first and largest of these institutions. It can be found on Dar East Salam Chavin Robert Street. It was built between 1938 and 1939 and opened to the public in 1940. Since 1940, the National Museum of Tanzania, formerly known as the King George V Museum of England, has inherited the collections and other resources of the National Museum of Tanzania, which is the country's largest and oldest museum. The National Museum and House of Culture hosts both indoor, permanent exhibition galleries and outdoor, aquarium, trees, butterfly catch gardens, hope out of sorrow, historical state automobiles, and so on, exhibitions. It now has four permanent exhibitions, comprising galleries dedicated to art, history, human evolution and rock art. The permanent exhibition halls for biology and ethnography are now being built. In the same vein, the National Museum and House of Culture oversees six storage rooms for collections of art, archaeology, biology, ethnography, history, and paleontology, as well as a strong room for vital national treasures. 8. Am Wenge Woodcarver's Market The Am Wenge Woodcarver's Market, located in the heart of Dar East Salam, is bustling with artists hard at work, crafting beautiful and distinctive goods. Even masks are particularly popular, but artisans shop selling a wide range of items from textiles to sandals, beaded necklaces, and more will also have gems. Unlike numerous tourist marketplaces across the world, merchants in this market do not bother customers. They will encourage you to visit their store, but you will not be pressured to make a purchase. Remember to haggle and browse around in the market because prices are adjustable and you may be able to locate a similar item for half the price at another vendor. Am Wenge Woodcarver's Market appears unassuming at first glance, but walk through the central opening and you'll find yourself in the midst of over 100 shops selling a diverse range of beautiful woodwork. 7. Ascari Monument Dar East Salam, Tanzania's largest commercial city, has a variety of German colonial memory sites, which include buildings, statues, and open spaces. The origins of the Ascari Monument, a life-size bronze construction of the King's African Rifleman near the intersection of Samoa Avenue and Mactava Street, can be traced back to German times. The monument was built in the 1920s to replace the Wiseman Monument, which was built in 1906 in honor of Major Hoppedman Hermann von Wiseman, a German commander, Reichskommissar, who suppressed African rebellion in East Africa. Local resistance, particularly that led by Swahili Arab trader Abashiri Ivan Salam al-Harfai, provided a significant threat to the Deutsch-Astafrikanisch-Gesselschaffed Oge. Via Abashiri soldiers, for example, set fire to the Benedictine mission station at Pugu on January 13, 1889, killing three missionaries. 6. Kandachi Water Park Wet and Wild is a six-seeker entertainment and recreation facility, the largest in East and Central Africa that offers a wide range of activities. Water slides, some as high as six stories, children's water play systems, sports grounds, restaurants, go-karts, and a quad-bike track, the first and only in Tanzania. Kandachi Water Park is in the middle of Dar-e's Salam, Tanzania.  It has the manpower and capacity to do so for you. 5. Kivyukoni Fish Market Dar-e's Salam is primarily a corporate and government hub, with manufacturing also contributing significantly to the economy. We wanted to see the markets since they are, in my opinion, a heart and soul of a city. Fishing has always been a significant part of Dar's culture. The city was founded as a fishing community, therefore the first stop was the Kivyukoni Fish Markets. The markets, unlike any other I'd seen, are a big jumble of tables where the fish has been strewn. On one table, there were similar species of fish, but on another, there were fish of all sizes. Some were being auctioned, while others were being sold. Fish that had been purchased were being cleaned and fried in another building. 4. Ambadia Island Ambadia, an uninhabited island north of Tanzania's major city, Dar-e's Salam, is one of the four islands that make up the Dar-e's Salam Marine Reserve. This beautiful island in the middle of the Indian Ocean resembles Dar-e's Salam's Nansbar. Ambadia Island, with its white sand beaches and crystal clear turquoise waters, is the ideal getaway for anyone looking to escape the rush and bustle of Dar-e's Salam. Sunbathing, snorkeling, swimming and simply hanging out on the beach with friends are all popular activities on this island. Ambadia Island is only a 20 minute boat ride from Dar-e's Salam's mainland. To catch a local speed boat from Dar-e's Salam to Ambadia Island, go to Kibo Beach or Jainwani Sea Breeze Resort in the Mbezi region and pay the Ambadia Island government fees and boat fees to a local boatman. Every half hour, a boat is available. Depending on how many people you're bringing, there are a variety of sizes available. The biggest boats can accommodate up to 40 people. The boat ride can be a little bumpy. If you get seasick easily, take some anti-seasickness medication before you go. 3. Cocoa Beach Cocoa Beach is a length of beachfront in Dar-e's Salam. Tanzania's oyster bay neighborhood. It is one of the city's most well-known beaches, with citizens flocking to it for beach parties and festivals during the holidays. As a result, there are a variety of businesses on the beach, including restaurants, food stands and shops that rent beach equipment like floaters. Chagr's frequent Cocoa Beach, many of whom come from adjacent neighborhoods and can be seen in greater numbers in the evening. At the northern end, there is only one large, well-established restaurant. The rest are smaller, tarp-covered eateries that provide decent food. 2. Udzagwa Mountains National Park Udzagwa Highlands National Park is a wildlife refuge in central Tanzania. Between the Iringa and Moragora regions of the eastern arc mountains, 60 kilometers south of Mikuni National Park on the Mikuni Ifikara Road, the National Park was established in 1992 by Prince Bernhard of the Netherlands, the founder of a worldwide fund, and covers a total area of 1,990 square kilometers, with vegetation types such as mayambo woodland, grassland, tropical rainforest, and mountain forests serving as habitats for abundant wildlife, such as elephants, bushbugs, palm civots, leopards, dukers, mayambo genets, hyenas, over 400 bird species, 2,500 plowed animals, and wasumwa, a kihawa word that means, those who live on the edges of the mountains, inspired the creation of Udzagwa Mountains National Park. 1. Oyster Bay In the bustling metropolis of Dar-e-Salem, the majestic Oyster Bay Hotel is located. Only eight tastefully designed suites are available, each with fantastic ocean views, plush king-size mattresses, stunning in-suit bathrooms, air conditioning, a ceiling fan, television and exquisite French doors leading to a private terrace. Delicious meals are served in the elegant dining room, as well as al fresco on the veranda and pool deck. A welcoming study room allows guests to catch up on emails or read an unfinished book, while a dazzling swimming pool offers a calm respite to enjoy a refreshing cocktail while soaking up the tansani and sun. 2. You'll probably fall in love with Dar-e-Salem if you give it some time. Dar is a vibrant seaside city that blends African, Indian and Arab influences to create a unique urban culture. Dar has grown chaotically in all directions in recent decades, yet it retains much of its charm.  Thanks for taking out the time to watch this video till the end. Please make sure to like, share, subscribe, comment and turn on your notifications for new Africa Reloaded videos.


So let's take a look at an important issue which is helping coal workers. This is a serious problem because over the past 30 years over 100,000 jobs have been lost in the coal mining industry. The obvious question on the minds of all those who live in coal country, can we bring those jobs back? In order to answer that question we have to understand why those jobs have disappeared, and the decline of the coal industry has been blamed on a number of things. Equal regulations, cheap oil, expensive safety equipment, but here's an inconvenient truth. While the number of workers in the coal mining industry has steadily declined over the past 30 years, US coal production over the past 30 years has remained more or less the same. The reason that mining jobs are disappearing is that a miner in the year 2015 can produce three times as much coal as his father did in 1985. Technology and the desire of the major companies for more profitability means that the coal industry does want to produce more coal, but wants to do so using fewer workers. And this trend is likely to continue. So even if coal production does come back, the mining jobs will not. And so this raises the question, what shall we do with these unemployed coal workers? The traditional response when workers have been displaced by technological or economic shifts is to allow them to suffer, and when desperate people take desperate actions to deploy the full force of the government in order to protect property and profits. But there's a better solution, which is to retrain displaced workers to find employment in new fields. And one of those new fields is the solar industry, which over the past few years has undergone an enormous increase in the total number of jobs available. The Bureau of Labor Statistics predicts that the solar industry will add more than 200,000 jobs between the year 2014 and the year 2024. And that's great news, but the question remains, how difficult will it be to retrain coal workers to become solar workers? One way we can answer this question is by using the mathematics of vectors. A vector is an ordered set of numbers, and they appear in many contexts.  This information can be converted into a vector, an ordered sequence of numbers. We can find these ordered sequences of numbers in many, many different locations. The Department of Labor maintains a site known as ONET, which includes detailed information about almost every career available to workers in the United States. And given any occupation, we can find detailed information about the knowledge, skills, and abilities required for success at the job. For example, an important job in the coal industry is a roof bolter. And so one question we might ask is, can we train a roof bolter to become a solar fault of a platic installer? To answer this question, let's take a look at the ONET data. So if you're a successful roof bolter, one of the skills that you have is quality control analysis. And based on interviews with job holders and job analysts, a roof bolter needs this skill at a level of 36 out of a possible 100. A PV installer, on the other hand, requires this skill at a level of 45, which means that some training is necessary. Roof bolters also need mechanical knowledge at a level of 57, while photovoltaic installers need it at a level of 67. Now, skills and knowledge are relatively easy to acquire through training and education, but abilities are harder to acquire. They're things like arm-hand steadiness and manual dexterity. If you're a roof bolter, arm-hand steadiness is important. A successful roof bolter has it at a level of 45 or more, which exceeds the 39 needed for a successful solar photovoltaic installer. And we can take all the information that we have about the knowledge, skills, and abilities required for success in both jobs and put it into a vector, and we can then compare the vectors to see if a successful roof bolter who has a certain level of each of these can be retrained to become a successful PV installer. In some cases, what they have exceeds what is required and so little to know retraining is necessary. On the other hand, in other cases, there may be some retraining and education needed in order to be qualified for a job in the photovoltaic industry. The smaller the gap, the easier it will be to retrain someone in one industry to work in another industry. And easy means faster and cheaper. In 2016, Edward P. Lewy of Oregon State University and Joshua M. Pierce of Michigan Technical University performed a similar analysis to see how easily we could retrain coal workers to work in the photovoltaic industry. Pierce and Lewy found that this would be relatively easy to do. Much of the knowledge and many of the skills and abilities transfer over very easily or could be acquired through very little additional retraining or education. Moreover, a switch from the coal industry to the solar industry would actually result in an increase in the average wages of the coal workers because jobs in the solar industry tend to pay higher. Lewy and Pierce ran several scenarios assuming the entire coal industry shut down. In the best case scenario, all non-coal specific workers found jobs in other industries. So the coal industry employs a number of janitors, a number of secretaries, a number of accountants, and the assumption is that these people could find equivalent jobs in other industries and not require any retraining. Under this scenario, only the coal specific workers would have to be retrained and this could cost as little as $180 million. Under the worst case scenario, everybody in the coal industry had to be retrained to work some job in the solar industry. And even in this worst case scenario with massive amounts of retraining, this would cost no more than about $1.9 billion. And again, these numbers assume the entire coal industry vanishes, but the industry won't vanish anytime soon. The actual cost will be significantly less. And this is one of those unusual situations where everybody wins. The coal workers win because they now have new employment opportunities at higher wages. The environment wins because we've replaced a finite resource with an infinite one. And the people of the country win because the growth industry means that we have a larger tax base. Retraining the entire coal industry to work in the solar industry would cost far less than $2 billion. So if you have a couple of billion dollars to throw around on something, why not spend it on something that benefits everyone? Workers, the environment, the country. Side effects of knowledge include greater understanding of the world around you and an increased demand of evidence from elected officials. Difficulty swallowing lies has been reported by some users, as well as reduced tolerance for flawed arguments, personal effects, anecdotal evidence, and false equivalences. Other users report becoming addicted to learning. A small percentage of users also exhibit behavior changes, such as fact checking, rejection of internet memes, and political activism. Educational videos slow, but do not stop the spread of misinformation, propaganda, and alternative facts. If confronted with a serious case of these things, seek immediate help from nonprofit institutions of higher education or trained knowledge professionals, such as scientists, researchers, or investigative journalists.


Think Tech Hawaii, civil engagement lives here. Once again, ladies and gentlemen, this is Prince D'Arce here, the Prince of Investing. I'm coming to you guys live from the beautiful state of Denver, Colorado, even though this is being shot live here in Haulua, Hawaii. Thank you guys for tuning in. If you can tune this on the playback, on the podcast, YouTube channel, or whatever the case may be, go ahead and hit that like and subscribe button and share button. Drop comments if you got comments below. And as always, I don't have a lot of time, and I definitely know you guys and girls don't have a lot of time, so we're going to jump straight into it. Now, the first thing I wanted you guys to know about this topic is a very techy topic, and that I am not a CPA. I am not a CPA, and you should seek the advice from a CPA, which is a, you know, certified public accountant, a public accountant pretty much, right? And the reason why I'm making that statement is that, you know, today's topic is going to be about tax evasion versus tax avoidance. Most of us are going to talk about tax avoidance, right? Now, the reason why I bring this up is because I learned a lot about it, and I wanted to open you guys' mind about it, and so hopefully you can kind of look at your situation and find ways you can maybe possibly change your situation, right?  The American way to be is to pay taxes, right? Pay taxes to the government. But to be, and all actually, it is actually a very smart thing to do to avoid taxes, and the government, the IRS has written, I want to say like a thousand pages or something like that, a bunch of pages in the IRS main that talks about ways to avoid taxes. And the reason why today I want to talk about that is I want to let you know some ways that you may be exposing yourself to more taxes or some ways that you can avoid taxes, not evade taxes, right? To avoid taxes with you coming down to investing and investing for your family, your kids, and things like that, that you can explore later. Now, I wanted some of my CPA buddies to come on, but, you know, I kind of came up with this topic. Kind of the last minute, and I didn't reach out to any of my CPA buddies, so I may be reaching out to someone to redo this episode to talk more in depth. But in this episode, I want to talk about ways to reduce your taxable income. Some ways, we're going to talk about pop plans, premium outline plans, Roth IRAs, tax shelters, flexible spending accounts, defined contribution, pure taxable investments. It's going to be some cool stuff that you guys probably haven't heard of or seen before, so stay put. Now, the first thing is, the more money you make, the more taxes you make, right? Theoretically, the more income you have, the more taxes you pay. Theoretically, right? But it breaks down to what type of income. We're talking about ways to reduce taxable income to put you in a lower tax bracket so you can have less tax. For prime example, for most of the people that tune into this, you probably qualify for a Roth IRA or whatever the case may be. And what most people do, you work at, let's say McDonald's.   So you log on to eTrade, TD Ameritrade, Scottrade, or maybe you may call a local broker, and they set you up with a brokerage account. You get a brokerage account, and now you buy Amazon stock in January. Amazon stock now is at an all-time high of $18,000. You decide to sell some shares, and because you made a couple thousand bucks, and as soon as you sell shares, now you have to pay capital to gain tax of 15%. Now, you've pretty much got taxed twice. You got taxed before you got the money. Then you made money on money, and you paid tax again.  Inside that Roth IRA account, you can contribute up to $5,500 if you're up under, like, 55 years old or something.  Amazon does great. You sell off the Amazon stock. Now, you owe no capital to tax. As long as you don't pull out on it before you're the age of, I think, 59 and a half, right? And when you do pull out on it, there's no tax with this, there's no tax on it. So, for a prime example, you can see two ways that the first person when I got taxed twice, versus someone else, put their money into a Roth, made a small smidgen chain, just to open up a different type of an account, and voila, they was able to pay different taxes or whatever the case can be. So, the thing about it is I want to talk about different ways to reduce your account. We have things like tax shelters that you hear people talk about, right? We just spoke about Roth IRAs. So, a Roth IRA, what it does is instead of you paying money to the government, in tax to the government, you pay taxes to yourself, right? Now, define contributions. Most people may have a job. Most people out there listening may have a job, which you may have a qualified 401K plan with your employer. That is considered a form of a tax shelter. Now, that's a tax shelter because you can put money in there and you can defer your tax to a later date. You can put money in there and let your money grow, right?  For a prime example, this is how it happens. You take money, let's say you make $40,000 a year, excuse me about that, they got a little excited. You take $40,000 a year, right?  Let's say you pay $4,000 in tax, you're left with $36,000, then you go off for you, maybe invest some of it.  Now, granted, at the end, when it's time to take your money out, you're going to be taxed. But the thing is, you're letting your money grow with taxing, especially if you've got a job that adds in contributions. So for the first thing is, you're putting pre-tax dollars in there. You're not even paying tax on the money. You're throwing it into a 401k. Then if you have an employer that matches you, now you're getting the power, you're pretty much getting free money. And instead of paying the government taxes, you're letting your compound interest, you're letting that snowball get bigger and bigger and bigger, right? Because think about it. Let's take, if you invested $2,000 a month and a compounded at 8%, and now you have $1,000,000 in about 18, 19 years, and a compounded at 8% and you invested $2,000 a month, right? $24,000 a year. Now, once you have that NECA saved up, now you have that million dollars, that million dollars is still compounded at 8%. Now you can set up a user calculator, which my buddy did right before we came onto the show, and we were correct. We'll draw about $90,000 a year for 23 years on that money, right, before it runs out, because that money is still compounded and million dollars is still compounded. Even though you will draw from it, it's still compounded, right? So when you think about it, that wasn't anything special. Well Prince, where can I get 8%? S&P 500, we spoke about this. S&P 500 last 124 years compounded at somewhere between 7% and 10% a year, right? You have those dividends reinvested. If you have it inside of a Roth IRA, it continues to grow for you and grow for you and grow for you and whatever the case may be. For the reason why it's a limit on how much you can put inside of a Roth because if I wanted million dollars, I would just throw it inside of my Roth IRA and avoid taxes. But another thing is premium only plans, pop plans. Pop plans, this is money that's going to be set aside for your dental, your visual, your health and things like that. Instead of you taking that money and then going out and paying for your medical and your own visual, they take that money out of, they take that money before it's even reported to the IRS. So you can take that money and put it to the side of a pop account and that's a way to reduce your taxable income. Flexible income, right? Flexible income, or they call them flex cars, a flex account. They kind of have the same features of the pop account, but this is another way that people use the flexible spending accounts using flex cars and things like that, that people use to reduce their income. Another one, this is a very small one that I definitely want to share with you guys, something that I learned recently, was that let's say you made a bunch of money one year.  Let's say you were someone who invested in the journal Electric. We all know over the past four years, journal Electric hasn't been doing too hot, right? So you can sell that investment in your account that's sitting in the red. So if you're in a high tax bracket, you can sell that investment and you can sell that investment and take those capital losses to offset your income. And I think it's a limiter. I think it's up to like 3,000 miles or something like that. I don't know the details. Like I said, I'm not going to give out a whole bunch of details.  So one of the things is like I said, not as investment in having an investment not doing too hot, you may have that journal Electric that's sitting there that's you're waiting to rebound that's not doing too hot. But if you are doing very good on your investments and you made a lot of money this year and you don't want to pay the IRS, not that you don't want to pay the IRS, you don't want to be liable to the IRS for a large income, one of some of the ways you can do, you can sell off some of your bad investments and then write that off as capital loss, right? Instead of just rebounded and paying at a higher tax bracket where we're kissing me. So that's what it's called the pure, I think it's called a pure, not pure, but things. Factual income on investments, that's something you can look into. Another other tax shelter that people look into, Muni Bonds, you pay attention to the show, you've seen a two-time Super Bowl champion Eagles linebacker named Danny Elderby, he came on and he spoke about how he loves to invest in some Muni Bonds because they're pretty safe, and that the entries you collect off of Muni Bonds are tax-free, right? So that's one of the ways that can be used as a tax shelter. You put your money into a Muni Bond, and a Muni Bond is essentially like local and state government, how they build highways, they borrow money from the public, and they pay you back at maybe three, four, some pay up 5%. So usually you see a lot of wealthy people that are high income brackets use Muni Bonds.  Taxable income. Also you have things like capital gains on homes, up to like $500,000 for a married couple of the 250 on couples to where if you purchase the home and you live in a home for two or three years and their home appreciated and in value, and let's say you made $250,000, $300,000 off of your house, you can use that as a, you know, you, that's a, people look at that as a tax shelter because you don't have to pay money on that particular income.  Another thing that you always see wealthy people do, they always, always, always have charitable donations. They always have money that they give away to somebody or something or some type of cause or some type of organization, right? So you can make donations to your favorite foundation and write it off.  So making contributions to organizations, to nonprofit organizations, 501Cs. Also, you will see, I've seen where some people, they started foundations in their children's name. They donate the money to the foundation and the foundation that returns writes a check to the children, right? I have definitely seen that happen and I thought that was pretty clever, but to me it looks like, let's say my son Wesley, instead of just giving him money or whatever the case can be, I create a foundation for him, put him as a president or whatever the foundation, donate money to the foundation, that's a tax write off to me, then have the foundation put my son on a payroll. I've seen very wealthy people do that to where I'm like, but to me it looks like a very, hey, wow, this guy giving all his money to charity. He hasn't given his son anything. He gives all his money to charity. That's what it looks like on paper, but actually when you peel the layers back to millions, you'll be like, wow, that's some pretty smart tax avoidance that this person is using. Other things I've seen people do where they started companies, they started LLCs and they hired their children. They started LLCs where they may went out and purchased real estate or any type of company they may have wanted to start it, wanted to start and they hired their children as employees of their own company. And then depending on their payroll, depending on the income, they can write off the income of the payroll inside of the tax. For a prime example, you start a company called, like me, I call it Dyches Real Estate or whatever the case can be. I hired my son, Wesley, as an employee. I started this company. I go out and buy houses, houses appreciating value or whatever the case can be. My company is doing pretty well. Let's say I have my son on a payroll for $50,000 a year. As I'm paying him, you know, I can write off my payroll tax. I can write off what I'm giving my child as payroll tax and things like that. Now, I'm not going to get into the details. I don't know all the details in particular. I don't want anybody in the comment box or, hey, well, in the state of Illinois, it goes like this. In the state of California, I'm just giving you guys ideas and things that ways that people use tax avoidance techniques to lower their taxable income. And actually, the IRS don't frown upon tax avoidance. They frown upon tax evasion. What is tax evasion? Tax evasion is simple. It's illegal. And it's just not paying you taxes. Not filing taxes, not paying you taxes, not reporting income.  The government is not going to know unless you report it. You don't report it, right? So if you don't report it, that's you just completely avoiding taxes. That's totally different from tax. You're just completely evading taxes, right? You're just not even reporting it. You're not even talking about your income. You've been $100,000 this year doing concerts or whatever the case may be. And you turn around and don't tell the government about any of it. Or you tell the government that, hey, look, I made $20,000. And the government puts you in the $20,000 bracket. Excuse me, I got hiccups. But most people get caught because when someone write you a check for that large amount, they're usually going to use a W9 that they're going to report to the government, hey, I paid a particular person this much money for their services. Then the government is going to say, wow, this person said they paid $50,000 to Prince Dice. But Prince Dice only reported that he made $10,000. Either this person is over-reported or this person is under-reported. So if you do somebody that, that's evading taxes. We're not talking about evading taxes. That's not a legal act. That's something that comes with jail time. Fine. Ain't nobody got time for all that. Go on to jail and stuff like that. We're talking about tax avoidance. It's ways that you can avoid tax or lower your taxable income. Right? So there are ways that people put their kids, instead of giving out allowance, they put their kids on a payroll. They start a company and hire the kids. They start foundations and hire the children. They use Roth IRAs. They open up a Roth maybe for their child. You know, a wealthy case can be. Now the thing about it, the smartest way, the easiest way to get, I'm not insurance, but the smartest way you can do is insurance. Insurance is the easiest way to create generational wealth. With all the investment that I do, all the investment learning and business ventures that I do and all those stuff like that. One of the simplest ways for me to go out there, get insurance policy.  Right? That's a great thing to know. That's the simplest way. But now, granted, I'm not, you know, deterring anybody or saying that, hey, don't go out here and start a business or do business ventures. Because that's ways that can add on to your those are things that can add on to your your legacy and to your wealth that you passed down to your kids. So that's one thing that I want you guys to think about as well. I don't want to ramble off to the topic or whatnot.  Some people deter or defer, I'm talking about deterring, I mean defer, deferring your income. But Prime Minister, let's say if you're a barber or you're a hairstylist and you know you've got a lot of money this year, some people defer the income, they'll say, well, I made a lot of money this year, but I don't plan on making this much money next year because I'm going back to school or I'm going to be working part-time. So instead of taking their payments during, in December, they'll take them in January. Instead of taking, hey, a reported income in December, they'll report it in January, which they are deferring their income to where they could be in a lower tax bracket. For Prime example, most people won't make as much money in retirement as they will throughout their life, right? So with me, for Prime example, you know, let's take me for Prime example, you know, I may not make as much money as I'm making now in my retired life. So some people will say, hey, I want to defer my income tax to where I think I'm going to be in a lower tax bracket, where I'm not going to make as much money. I did also this year.  I've got $100,000 in, you know, book sales. But the case may be I want to turn around and I had one more client that wants to buy 2,000, 2,000 books for me. Instead of me charging him in December, I may charge him in January or February because I want to defer my income to another year. But it's all type of ways people do that. But just know that people defer their income. Some people have tax shelters where they defer their income to a later date. That's what a traditional or regular IRA is, right? If you contribute your money to it, you're going to be paying at a later date. You're not going to be paying at this date. You're going to be paying at a later date. And when you're, you know, 50 or 60 years old, right?  That's deferring your taxes, right?  So those are big things. Tax avoidance is a good thing that's very smart business people do. Tax evasion is a very bad thing that people do that's illegal and that you can get time for. So in this show, we're talking about tax avoidance. Like as always, I told you guys, this is a disclaimer, I'm not a CPA, nor do I desire to be a CPA. I'm just here to open up your brain and expand your brain to thinking about something different to say, hmm, am I using the best tax strategies for my investment? Hey, instead of paying this money to taxes, I can contribute to my Roth IRA. Hmm, I do have a pop plan at my job. I do have an FSA plan. Let me look into that.  Maybe I can start a business for my children. Maybe I can start contributing to a 529 plan. I can start contributing to different qualified plans that will lower my income and I'm investing for my children. Instead of giving it to the government, you're giving it to yourself. Because the government had different ways, you know, where they tax capital gains at a lower tax rate to induce people to invest more, right?  I want to get into it too far and too deep, but those are some ways you can avoid tax. Use tax avoidance strategies versus tax evasion, right? You don't want to do that. So the thing about it is CSDPA.  I'm not saying anything. It's one of those people, but use a covenant CPA person, but whatever the case can be. Someone who's listening to this, they do taxes and they say, well, if you're referring to me, you should go back or go to school and try to get that CPA certification and whatnot. And I'm saying that you're even better. It's just like any other license. It doesn't mean that you're better. It doesn't mean that you're the best, but it means that you at least have a basic understanding between right and wrong, and that you're hailed to some certain type of standards. So that's going to wrap up today's show. Thank you guys for tuning in. Don't forget to hit that like, subscribe, comment, and share button. If you like what we do, you want to support our projects, check out Wesley Learns To Invest. Wesley Learns About Credit. Check out our Wesley Learns Line. But as always, I don't have a lot of time. I definitely know you guys in the Bureau don't have a lot of time. So until the next video, podcast, whatever else you see me do crazy around the globe, peace, be safe, I'm out, and thank you.


Good afternoon, everybody. It's my pleasure to read to you from the prologue of dust. He leaps over two fire-painted blossoms resting on the stark-cracked city pavement. Roused, these unfurl into late Christmas season, orange and black butterflies that flutter into the violet shade of a small encrusted roadside Jacaranda tree.  And soon he is entangled in a thicket of jeers and tossed gray, black, and brown stones as he flees toward a still-distant night. It is said that in combat, some soldiers shoot over their enemies' heads in order to avoid killing them. Some don't even fire at all. Moses, a bevestite, or diddy, or gander's fingers tremble on the trigger of an old, shiny AK-47. He hurls the gun away with an, ugh, the weapon spills across the road, a low-pitched, guttural noise. From behind, a diddy, a whale, a diddy man, cover. Other cords of voices echo, how there they are. Wawe killed them. Where's he, thieves? A diddy runs. Three weeks ago, the rifle was in the hands of a minor Somali warlord turned, easily-based vendor of off-season Turkish designer women's wear. The ex-warlord had given a diddy the weapon as compensation for Camel water songs, which a diddy had sung inside the trader's shop while he was picking up lazy feminine things for Justina, his girl. But it is music caused, wistful, chirping sounds to come out of the refugee, lamentations for lost, happy pastoral yesterdays. The taciturn man had approached a diddy. You sing as if you know water, he had said. I do, a diddy answered. These were our old songs. How did they find you? A visiting man, he has a name. A diddy paused. That name came with a torrent of buried history, a curt reply, Ali dirahada. The Godia concluded the warlord naming a clan. No, no, a diddy frowned at yellow, pink, black, and red panties and brassiers, his mind struggling. Then he said, no, a stranger of too many lands and faces. The trader leaned forward. You know the song of Komamado, the sky, Camel? A diddy had winked before whistling an overture. The man had pounced on nostalgia's lyrics and belted them out. They had then ventured into and mangled other water songs. An hour later, as a diddy was paying half price for Justina's free priperies, the ox warlord had muttered, wait. He leaned down, hefted up a canvas, and newspaper wrapped hard four-part object and closed a diddy's hand over it. From my heart, open it alone.  He dabbed tears off his face, partly of relief because he had also offloaded a problem. Now, while we're the pursuing Nairobi mob house, a diddy runs, not feeling the ground, soaring, swish, zip, pop, rattle, bullets, grunt, thud, a man falls, ratatata, screams, a diddy runs, tears flood, terror, rage, love, fuse, the fallen ones are his men. Guilt, fury, sorrow. Ah, the sound a captain makes when he falters and loses the team. Still, a diddy does not go for the pistol strapped to his chest, a diddy runs. Strength in his arms, his legs pestons, his sprints downhill, Salasi Avenue, jumps over prone, carring citizens, pities them. The bullets aimed at him, raining down upon them. He runs through the stench of decay, the perfume of earth hoping for rain, habits and dreams of Nairobi's people, smoke, rot, trade, worry, residues of laughter and overbrewed ketepa tea, a diddy runs. Incantation, Justina, Justina, shelter of faith, the mob screams, how are Justina, faith into sorrow, into longing? I need to go home. Why where, the answer? Memory's tricks, a diddy saws into the desiccated terrains of Watogik, the home he had abandoned, his people reaching out for him, cowbells, bleeding goats, sheep and far mountains. He sees Komamado, the grand-pief family camel, dashing home from pasture. The sky of home, that endless dome, flood tied in his blood. I want to go home. A diddy lifts his feet higher, trying to fly. A diddy runs. Random humans in this slippery city of ephemeral doings crave his death. Oh, ah! Something flutters and falls within a diddy like a startled, broken songbird. What have I ever done to them? He just wants to go home. Justina, Oasis, who will cross spider web black roads to touch her? O diddy runs. He turns down Jogorod and glances upward. Childhood habit born when Galgalu, the family herdsman, had told him that God was Akuj. Eternity revealed as sky. Up there, now, orange dusk lights battler eagles. Like marrable stalks, they are prophet birds. Water in his eyes. O diddy blinks away Nairobi's late-day drizzle and the earth shivers behind him, a pitiful bellow, a goat protesting the injustice of a butcher's knife. Death stinks of cold emptiness. Our mosh, the last of his men. O diddy gulps down vomit, tastes salt, tears in his mouth, sticky wet of hands as if he had dipped them into blood. Was this the destination of all their wars? Shadow and regret. Stumbling, he must move. But the city, his city has all of a sudden changed its shape and turned against him. Roads slither into hard walls, blocks of shadows curry away to expose his next step to ravenous carnivorous urban trolls. Faster, O diddy runs. A whisper from his remote past like a brush stroke on his bare back. You can't live in the songs of people who don't know your name. O diddy grabs at his throat suffocating in a burst of fire clarity. What have I done? O diddy runs. Glimpse of his fleeting shadow's reflection on darkened glass panes. What had he done? O diddy runs. Louder. You can't live in the songs of people who don't know your name. He understands now that he must protect his family. O diddy runs. He must reach a stranger, stop him from boarding a flight from Heathrow to Nairobi. First, he must find the labyrinth and alleyways, his escape routes. Pounding steps behind him, sundowns cool breeze on his arm and face. A moan within his throat. Let me go home. O diddy runs. Dump fisted hands propel him forward and the city's twilight rain saturates his skin at the same time that he hears a phone melody from within his coat pocket. Caesarea Evora's Un Pencilada. His sister's calling to you. Grimm grin. Only Arabelle Ajaño-Gander would phone at a time like this. If who were to answer, he predicts her first words would be, O diddy, what's wrong? He would have to say nothing. I'm taking care of it. As she expected him to. And he always did. And he was. O diddy runs. Un Pencilada plays. If he could, he would say, hello, silly. After more than 10 years of nothing, today you could tell her, I'm going home. She would laugh and he with her. The music stops. Hello, silly. They were chance offspring of Northern King and drylands growing up. O diddy and Ajaño had been hemmed in by the arid land geographies and essences. Freed from history and the interference of Nairobi's government, they had marveled at Anam-Ka'alokol, the desert lake that swallowed three rivers, the Omo, Tukwil and the Kerrio. They learned the memories of another river, the Awaso Niro, four moody winds, the secret things of parents' fears, throwing shades of pasts, met assorted transient souls and painted their existence on a massive canvas of glowing, rocky, heated earth, upon which anything could and did happen. They mapped their earth with portions of wind, fire, sky, water and nothingness, with light, piecing tales from stones, counting footsteps etched into rocks, peering into crevices to spy on the house of red rain. They lived in the absence of elders afflicted with persistent memories. No one to tell the children how it had been, what it meant, how it must be seen or even what it was. Because of this, they recreated myths of beginnings. The first Uganda was spoken into existence by flame or did you once told Ajaño? She believed him. His sister trusted everything he said, glimmer of a smile. How are, he had forgotten where he was or did he runs? He jumps over mud-stained crumpled election posters entangled in rotting foliage that show the bright face and pure white teeth of one of the presidential candidates. Teeth do not rot in the grave. Where had he read that? To his left, a plastic choked alleyway. He ducks into it, song in his heart, a psalm of glee. This is his territory, Justina. A glance finds her among a seething mass. He knows most of them, gang associates.  He adores that dress on her, he adores her. Her eyes are unusually large, luminous and hollow. Her howl fragments his heart. Who has wounded her? Whom must he kill? And then flames flare from his heart's soul and engulf him. And after he screams out, he can no longer see, Justina. Odidi limps. He grips his shattered right shoulder, protrusion of bone, blood trail, trickle from his mouth. It is said that in throes of battle, dying men cry out for their mothers. Akkaima, Odidi groans.  Akkaima, throb in the back of Odidi's left leg, searing that eats the base of his spine, damp from his chest. And even though his leg is heavier than a tree trunk, he tries to carry it home. He grapples with a thought that keeps sliding away. He seizes it. Justina, the finish line. He will make it because he's shifter, the winger, rugby finisher, and scorer. His forwards and backs have thrown him the ball. Although they have fallen out of play, they depend on him to end the game. He's the quickest, the trickiest, the best shifter of the winger, dancing through adversaries. Before Jonah Lomu made it right to have large wingers, there was shifter, the Kenyan winger, who carried the game into the face of opponents and who scored try after try after try while crowds chanted, shifter, thump, thump, winger, thump, thump. And later, when he heard the Kenyan national anthem, felt it resound in his spirit, he had wept tears that travel past his lips and reached the earth. Shifter, thump, winger, thump. Odidi hobbles to the center of a pathway. His twisted leg dragging. Warm liquid runs down, stains his trousers, leaving a visible patch, piss, out of his control. Akaima, she fixes everything, retrieves those who belong to her. Dim shadows, like battler eagle, surveying grassy plains, circle in. They herd him into a trap. Assassin Ratata, Odidi's good knees give out, good knees gives out. He crumbles, exhales on a gurgle. It is said that when a person begins to die, all his life races past him in spaceless time and timeless space. And he can feel again, only much faster and with sunlight light, all he has felt before. Thank you.


Live from Las Vegas, it's theCUBE, covering Dell Technologies World 2019. Brought to you by Dell Technologies and its ecosystem partners. Welcome back everyone to day two of theCUBE's live coverage of Dell Technologies World here in Las Vegas at the Sands Expo. I'm your host Rebecca Knight along with my co-host Stu Miniman. We have two guests for this segment. We have Kunal Ruvala. He is the SVP Software Engineering Dell EMC and Ed Yardiminian, SVP Product Development Dell EMC. Thank you both so much for coming on theCUBE. Thank you, thank you for having us, thank you. So, as we know, customers are dealing with a tsunami of data. And this is what, from Michael Dell, from his words, it is exceedingly complex. There is so much to manage. Can you just lay the foundation and just tell our viewers what you're hearing from customers and the specific challenges they're facing? Well, I think customers have been pretty specific with us and they've been very consistent about it. Their business is being disrupted by digital transformation. Data is exploding and it's hard to manage. And then on top of it, they're working as hard as they can to cope with that growth, best they can, but that's often causing them unintended consequences and making things either less efficient or harder to manage in their data centers and in their operation. So our job is, and that, those factors are making it difficult for them to realize the true benefit of all the data that they have. So our job is to help them unlock all of that potential that's stored in their data. All right, so, Kanal, data protection, it got some good call-outs in the keynote, new brandings, Power Protect, can you walk us through what's new, what's a rebrand and what we should be taking away? Absolutely, Stu. So it's been an exciting morning already. As you heard, we've announced Dell EMC Power Protect software and Dell EMC Power Protect X400. It is our new next generation data management software platform and the new next generation multi-dimensional data management appliance. And with Power Protect, we believe that it will help mid-size and large enterprise organizations transform from what is traditionally been a traditional form of data protection to more of a data management space and data management solutions. So that's what happens with Power Protect. Power Protect comes as you have heard in different form factors, you can deploy it as a software or it can come as an appliance. But it gives you the ability to set up policies and manage the data where you can create the backups, you can create the restores and restore the data that you need. At the same time, have other use cases to help with data management problems that customers are running into today. So as we know, the landscape is really changing. There are new threats, there are new requirements that companies need to abide by. What are the sort of, can you walk us through some of the specs of this and exactly what it does? Yeah, absolutely. It is based on a modern architecture. It is software-defined and we see that a lot of the transformation that we're seeing in the industry is driving towards software-defined. We do see that there is a need for data protection to recite closest to where the data is or where the application owners are. So if you think of customers that have thought about data protection in the past as sometimes as an afterthought, they've run into challenges when they've had incidents or they've lost data. If you think about how do you best protect some of this data, if you give the powers to the customers that are closest to the data or the data owners, there's a good chance of success with data protection strategies. So having self-service-driven architectures as well as capabilities to help with centralized IT management are key parts of what we do with Power Protect. And then as you think about just the explosion of data that we've seen in the usage and the widespread usage of cloud, it is cloud-enabled, multiple ways of using Power Protect in the cloud, storing to the cloud, cloud-turing to the cloud, so there are a lot of things that we can do with multi-cloud environments that customers have as well as having simplicity of management. So these are some of the key pillars that come together as you think about Power Protect, software as well as the appliances. Yeah, and so Ed, I'm wondering if you can just bring us in a little bit because if I look at the challenges out there, we know one of the biggest things in IT is nothing ever dies, you know? I've got old environments out there that I need to be able to manage. That data protection layer is something that, it can sometimes be, you have to be able to do it over time because it needs to work with so many different environments. So I've got everything from, oh boy, my mainframe and my legacy applications to the latest cloud-native, wonderful, multi-cloud things like we saw Microsoft up on stage talking about. Can you give us what you're hearing from customers? What are they finally moving forward and how do you manage that breadth of data that you need to be able to deal with? The diversity, both of their workloads that are being protected and the environments and the distributed data centers that they have and the operational challenges they have is tremendous. That's why we have a portfolio of products. So we have a portfolio both in the software side as well as the appliance side that deal with the different challenges that they have. But whether it's on the edge with our virtual edition in larger data centers with things like Data Domain and some of our data protection suite products as well as in this modern data protection space and the new products that we're introducing today. So we need, customers need diversity in how we protect their data and then they need different options for how and where that they do that. Yeah, anything specifically that is different now than it would have been five years ago when it talks about diversity of environments or media that they're working on? We talked about tape earlier and one of the challenging things is we keep building new products that don't have some of these features because we think that's not where the market's going. But even on our entry data domain appliance we just added tape capability to it because that's what customers feedback is. They said even in the smallest case we still have a need for that in our environment. So 2019 is not the year that tape finally dies. I think you're seeing, obviously there's not new tape probably being deployed but customers still have tape in their environment and they need a way to protect but also be able to access and leverage the data that's in their tapes.  So we need a way to have accessibility for that data and bring it into our business and our transformation. So if I may just add to that. Unlocking the data no matter where it resides whether it's on the tape, whether it's on disk, whether it's in the cloud, no matter how far it is from where the applications are and being able to provide a solution that helps unlock the data, bring it to where it is required and being able to use it again is I think a key part of what we're trying to solve. I know that so many people are eager to memorialize tape but what I'm trying to think about is how are you talking with customers about these things because there is sort of an unease with we've got data over here and we're not ready to migrate it over this way and how are you sort of holding your customer's hand and walking them through these decisions? I mean, there's no cookie cutter answer because it is different for every organization. So how do you help a customer think through these very big challenges? I think one of the key parts of this is having conversations with the customers to think about what their objectives are, what their standard objectives are for their environments. Now in certain cases we've seen customers that have governance or compliance requirements because of the industries that they play in. One customer, for example, is talking about backups being required for 50 years. So there are customers that have long-term retention needs or situations where they want to have backups or data stored for different purposes. As you think about what these SLOs are and as you talk to customers about what problems they want to solve, defining what the solution is and how that solution helps them meet their SLAs or meet their business objectives is a good way that customers understand what we can present and how we can help them. And I think one thing I'd add is we can also approach it from a portfolio perspective. So when we talk about solving their problems we don't need to talk about it just as data protection but as a portfolio so we can bring in VxRail discussion and PowerEdge and different storage options and we can build them a solution that is encompassing all the different things that will really solve their problem. Yeah, let's get underneath the covers here for a second. You brought up some of the platform pieces. What's the update on the appliance piece as that fits into the PowerProtect family? Yeah, so we have an appliance instantiation that both is a hybrid, so a combination of spinning media and flash as well as an all-flash appliance. We needed, and that was kind of one key tenant is having the performance options available at different cost points. Another requirement was scale out. So we needed, we have customers that need starting at a half a petabyte or even a petabyte but we also have customers that want to start 64, 100 TBs and that's what our appliance is allows not only to scale in place so they can buy one and then they can grow it in place or they can actually add nodes and scale out as another way to deal with the data explosion. So I think the appliance is offering both this Konalmach and earlier software to find. It is scale out and it has cloud coverage in that it's object aware, it's cloud aware. And I think with the software platform that we've built that integrates seamlessly with the appliance, we have the ability to drive automation that helps with customers' deployments as the environments continue to change. One thing that's consistent with every customer that we speak to is that environments aren't stagnant, they keep evolving, they keep changing and it's not just an expansion of the environments but there are different types of workloads that come and there are different types of deployment models that they have and with the automation that we've built in it's easy for customers to use the automated policies to help with the data protection that we provide. Yeah, so let's talk about the data for a second.  How much are you having conversation with customer about the value of data and how important that is to their business and where your solutions that really helps to enable the business unlock that value. Sure, so I think it is very clear to us in all of our conversations that I think data is becoming the new currency. I think data is the center of all of the decisions that are getting made within organizations. Identifying what the critical data is, what the critical applications are, where the data is important for continuous operations of a business in a lot of cases, data is continuously required for all businesses now. But what is some of the data that helps with the decision making that is required for business to succeed is important. So once there has been an identification of what this data is, what the classification is for the data, having different strategies to protect that data, to help restore from that data, backups is a critical part of what we have worked with customers on. Yeah, not all data is created equal and then different workloads, different data needs different strategy to make sure that it's whether well-protected, it's resilient and accessible. Yeah, anything in the modern workloads that are impacting you, I think kind of the AI, ML, IOT type environments where there's a lot of data. And when you talk about not data, it's very created equal. It's like, okay, sometimes there's a lot of data, but I don't necessarily want to spend as much on some of these classes' data. I want to be able to use them. How does that fit into the discussion? So as we think about how we built the architecture, we built an architecture where there are services that help with collecting more data and more information that can help with decision-making within the product. As you think about different forms of modern data that is available, whether it be containers, whether it be applications that are residing on-prem or seamlessly transitioning to the cloud, bringing the right amount of data back, having analysis on that data and helping protect it is critical. So I think those are key components of how we solve the data protection problem. That and having patented, industry-leading efficiency and data reduction technology, it's going to cost money wherever you save the data, but if we can optimize and reduce that, provide a great total cost of ownership, that's key for these customers. Because a lot of it seems easy upfront, but then long-term, those costs can escalate, whether it's on-prem or in cloud, and we have to make sure that they maintain a good TCO. And I think to add to that also, the application owners understand their data better than anyone else does. Giving the power to the application owners on when they need to protect the data, what they need to do with the data, and when they need to restore from that data is a critical part of driving success for the customers. While we do that, it is important that the central IT teams are able to enforce the compliance and governance across the entire environment as well, whether it be existing workloads, new workloads, new applications, but we want to provide the central IT team the ability to have that SLO-driven compliance framework, and that's what the platform presents as well. I want to ask you to sort of look into the future a little bit, and we're talking a lot about, as you said, companies, organizations, their data needs are not stagnant. They are always changing. That is really the one true constant of this technological world that we live in. What do you think we're going to be talking about in 2020, in 2025, when we heard from the keynote, there's going to be enough data to fill the Empire State Building 13 times over, which is just staggering in and of itself. I mean, what are some of the things that organizations need to be thinking about to make sure that they are preparing for the future? I think we talked a little bit about AI and ML. I think integrating more and more of those technologies into the product so that they're making decisions and they're being smart without the user intervention, and they're even understanding the quality of service, quality of data, and making those decisions. We integrated ML into the new appliance product to help one of the biggest challenges our customers face is managing the capacity and maintaining good D-dup performance, and we integrated ML in order to decide where to put that data, both for capacity and performance. I think we're going to further see the integration of that technology on our end, as well as the customers end. All right, so bring us on home. Power Protect, new branding, new products. I hear the power name. I'm sure Jeff Clark's happy when we talk about getting alignment across the portfolio. I've talked to a lot of the other power groups this week. What should customers take away as to why this is different? Yet, the comfort of the history and experience that EMC and Dell have brought in this space for many years. So for all of us, it's a very exciting announcement. It is our new modern data management platform that we've launched. With Power Protect, you get the ease of, the simplicity of deployment. You get the full integrated stack. If you have the appliance deployment form factor, if you have the flexibility with the software deployment that you need, you have the ability to protect and do all of your data management use cases, or drive the data management use cases for critical workloads. And I think that's the key problem that customers are trying to solve. It's also the platform that's built with our trusted architectures. And it's built on what we've done very well with the trusted architectures that we've built. So I think with that, Power Protect gives you a platform that customers will be able to use and will be able to expand their businesses in the future as well. Well said. I think what we saw in the demos today of many of the storage products and data protection products, you see a very consistent UX across those products. And we want, as Kinal was saying, bring the trusted technologies that we've had, but bring them in a modern, usable way. And if you know a little bit about using a PowerEdge or a VxRail or an ECS product, as soon as you get this new Power Protect product, actually we've been bringing that technology to some of our other products, it'll feel familiar and it'll be easy to use. So, yep. That's a great note to end on. Ed Kinal, thank you so much for coming on theCUBE. Thank you, Rebecca. Thanks for talking to you. We will have so much more coming up on day two of theCUBE's live coverage of Dell Technologies World in just a little bit. I'm Rebecca Knight for Stu Miniman.


In this lesson, we're going to talk about some of the more advanced financial derivatives. Now you'll find some pretty extensive notes in the actual lesson content page. So I'm going to kind of do a summary here with these slides. And the first financial derivative that we're going to talk about is a swap. Now swap is an exchange of payments between two parties. It can be a form of hedging. It can also be used for outright trading. So speculative traders can use swaps to try and make some revenue. These are generally known as over-the-counter. That is, they're not traded on an official exchange such as NYMEX. But you do find them on electronic platforms such as NYMEX's Clearport or the Intercontinental Exchange. And then also swaps can be had by dealing with the so-called voice brokers, literally a broker that you call up and arrange for a swap transaction. Now these are strictly financial. In some cases there's no physical commodity involved. You're strictly swapping out price. Now there are two pieces in a swap agreement. One is a fixed price and the other is a floating price. So we refer to swaps as fixed for floating. One party will pay a fixed price at the time that the swap is actually entered into and the other pays the floating price. And that's the price that is not known at the time. You have to wait till a settlement of the respective underlying contract. Now we talk about the NYMEX look-alike because it's the most commonly used swap. It's a Henry Hub financial swap and one party buys or sells at the current market which would be the fixed or known price. In other words, whatever the NYMEX is currently trading at. And then the counterparty buys or sells. The opposite party is going to take the opposite position and they'll buy or sell based on the NYMEX settlement. Now this is your floating price and it's unknown at the time of the swap transaction. So in other words, the price floats as we know every day as NYMEX changes. So you set a price on the day that you enter into the swap for the specific month and the commodity that you're interested in. And then in essence the two counterparties, you and your counterparty are going to wait until the NYMEX contract settles and then you're going to go ahead and true up to see who owes who money. And again, it's financially settled every month. And then we've also addressed the basis swaps. Again, there's more detail and specific examples in the lesson content. But really in the case of a basis swap, we're looking at the current market value. The current market value you can find on NYMEX's Clearport system or if you have access to the Intercontinental Exchange, you will see natural gas basis swaps quotes for the various cash locations that we have reviewed in the publications such as Plats.  In other words, the floating price. We can fix the price based on the values on those electronic platforms I mentioned. But then to settle with our counterparty, we have to wait until the settlement of the basis. Now we know when the NYMEX final settlement occurs and so we'll have that piece of the basis swap settlement. But then we're waiting for the cash prices to come out. So in other words, Plats has their monthly price guide or as I notice it's noted, it's more commonly known as the inside FERC postings. So those are the first of month cash prices for the respective location. When you take the NYMEX settlement and you find the cash location, that difference becomes what we call actual basis. It is the settlement price for the basis swap for that particular location.


YouTube what's up, man? It's mud draft season. This is the last week to compete So man, if you're in the 200s if you're in the 500s wherever you may be in mud draft Make sure you guys grind it out Get into that top 96 if you're weekend leaguers, man I think the top 32 weekend leagues for the month or for I don't know what it is But if you're a God on weekend league, you should be qualified. Oh, but like I said, man That's what I'm playing is mud draft. This is a 10-minute gameplay get you guys a quick gameplay I know we've been going back and forth man. A lot of you guys like the full breakdowns 40 minutes But also still give you time to put pop every once in a while pop You would a 10-minute gameplay that way you go watch them get in and out man. Any offense defense man is definitely Part of a man in turf. You can hit that link below man My ebooks live my defensive ebooks live the skimbo ebook is live. Make sure you check it out Obviously much draft is different. You got to use kind of a different playbook every season So there's really not a set, you know ebook to run on this type of mode pretty much I'm just sticking a bunch, you know, because at the end of the day bunch is pretty much still the best formation in the game Man, I said you want to watch any of these games live the link is below to my twitch That is where we stream the games live. Also, man copy some shirts, man It's hoodie season is getting there bang need a game in store.com Get you a couple t-shirts support the cause support a real man trying to make something of this mad and stuff But we are in a matchup. This team I have I think this is a great team because one I have Donovan McNabb I have T. Y. Hilton and I have Tyreek Hill two good great receivers I think Tyreek Hill is probably the best player in this mode right now We're gonna start with a little bit of bunch and we get sacked the first play. I don't know who this guy is Strap them. I'm actually on PlayStation as you guys know I play Xbox But I was like man Let me hop on PlayStation pretty much to help skimbo go ahead and scout some of the competition We'll see who's up here in the top hundred who we got to look out for and who he has to try to avoid And then we go we see a little playmaker over there to Tyreek Hill For some reason that playmaker was so smooth almost like the playmaker chem Maybe it has something to do with Tyreek Hill and T. Y. Hilton But these guys really do get good playmakers. They're really quick really hard to guard in this mode to have You know why receivers that fast with that good route running and this Corey Davis, man This dude is a hog. I don't he's the Titans why receiver only 88 speed man But he's 6-4 and he just played big for me really and I had Leonard for that running back. So This team I had really liked it Anytime you have a mobile quarterback two good wide receivers and a third big body receiver first drive We get a touchdown a goon running back I have Kyle Rudolph at tight end who isn't amazing, but he's a big body He can truck with people fight for some extra yards. So offensively, I really liked this team man Defensively the main thing I have as he goes up top, but we swatted away with Steven Nelson Who's just a quarterback for the Chiefs got 90 speed. That's pretty decent his mode underneath He hits a drag over here the number eight I don't know if that's Tony Gonzalez, but he's stiff arm the hell out of somebody He had Pat Mahomes at a quarterback But like I said, the main player I have is Derwin James And I'm gonna go ahead and his user Derwin James on this mode Just to have just that elite user in the middle of the field to have that I think it's the ghost of man Future with Derwin James and he's like 92 speed or something So to have that guy in the middle of the field is pretty amazing as he's whoo Almost comes out with the huge hit stick there on fourth down, but he's able to move forward This is first drive of the game. So get him the fourth down on this first drive is is pretty awesome Everything bagged up here in my home's just make a crazy throw back across his body man Derwin had one more point of speed. I might jump and grab that one, but he makes a play over my head So we get him in the red zone the red zone is the dead zone of your own defense man A lot easier to defend routes a lot easier to you know squat down and not have to worry about getting beat deep Here he goes he tries a little corner out Marlin Humphrey out there one hands it But he's out of bounds man do not come up with that pick But just keep going in the third down go ahead hit this drag he picked the wrong drag the other drag might Have got that first down for sure, but we hold him to a field go man. So seven to three All I got to do is keep scoring man one more drive the To end the half.  He really mixed up his defense I don't you try to hit the out route there. It goes out of bounds get to a fourth down And we go for this in route. He does a great job coming back down user hits thick knocks the ball out I mean he bagged me that drive But even though I went for it there You go for it there honestly Because I'm gonna get the ball back before this game before this half is over So if I punted the ball, he could have milked the whole clock So you kind of go for that just to get the ball back here He throws the ball away, which he should have took a sack making me use a timeout, but he goes the ball away He kicks another three That's one of the advantages that going for it there Even though you turn the ball over there You definitely are gonna pretty much ensure that you get the ball back and this is mine getting the ball back And let's see if I can go ahead and take advantage of getting the ball back There's we see Tyra kill get busy on a kickoff great job by him staying Patient making that tackle that Tyra kill is a problem on this mode make nab just shoe strength right there used to have in Vic Man and used to using Vic and salary cap or in salary cap and mutt whatever it may be Definitely changes the game as I use my timeout there Get to 40 seconds. We're gonna take off with Donovan again Bang we're gonna use my timeout again here. That's because the clocks when I have 30 seconds No timeouts. That's pretty good here. I just got a bad throw I just didn't hold why I thought the throw would be a little bit more to the side to the right But it was kind of right up the field Underneath one daughter need fair to Tyra kill again, but when we get inside the ten And this is just when I talk about rookie mistakes, man, if you guys watch the podcast I mean you guys should tune into where I just air out players for making dumb decisions And this is where I just you know, I have 14 seconds I pretty much have one thrown to the end zone if I get an incomplete I could throw it again But I snap here and then my first read because like I said, I'm used to Vic is oh, he has no spy I can take off and get to the end zone. McNabb is not Vic. I get sacked. I do not get any points before half brutal mistake on my part brutal and the game or and the half Situations not able to get that field go man. I would love to be up 10 to 6 right now But instead I'm going into the half 7 to 6 Definitely a mistake.  We cover everything up. Nothing's open for him there on first down He's close to field or range already throws a slant over here to Julio Jones gets 10 yards now He's definitely in field or range. I don't know who the kickers are and Jeff champions I think they're a little bit too good. Honestly, I wish we'd have like 80 You know 86 kick power kickers in the mode, but he gets incomplete right there get him to a strong third down Let's see what we do get a little shed throws a drag bang hitch stick right there Marlin Humphrey coming over the ball Force him to another field goal. This one is a what? 57 yarder. He's on the 33 that not 47 yarder.  Why that guy Between it's just a good team I have a two speedy receivers and then two big bodies in in Corey Davis and Rudolph underneath it See why he'll and get a catch a little Juke So it's just but this is pretty much a perfect offensive team, especially for bunch hitting another one underneath it's a tire re-kill 12 for 16 doing well never underneath to car Rudolph Tipping to the sideline Bang a field goal will give me the lead Well, I really need to touchdown because if I take a field goal He can milk out this at the fourth quarter and get a field goal of his own So I need to get a touchdown. It's pretty much vital that I get a touchdown here And we get sacked on first down man Linvald Joseph got to be going in the fourth quarter hit the wheel right over here The four net we're gonna chuck somebody know we get tackled right away So this is a huge play right here man needed touchdown and this is where draft champions I love the moment you can freestyle and that's what I find myself doing the best I got to cook up a dot. Let's freestyle. Obviously. I have the curl over here to Hilton He's not a big body receiver man. So what I'm gonna do. All right, he's gonna cover that it's covered three look I'm gonna put an out route to Rudolph for the flat the Tyreek Tyreek's gonna take away all the zones And we hit this coochie spot right here to Rudolph great animation great dot to score a touchdown Great job to go ahead and go up by five. That's huge Especially the guy that has not scored a touchdown in the game as we get a shed That's Daniel Hunter shutting on the toss get him to a second down man He has not scored a touchdown and now he has to score a touchdown. He goes for a lob on fuller Julio Jones will not out muscle fuller perfect timing user pick breaks the tackle and what that does it changes the field position Man, I mean obviously I did not return it for a touchdown But if I would have got tackled right there I'd have been at the 10 But just change the field possession next play hit the post to Tyree kill and he's out of there Just that quickly the game goes from 9 to 7 to 21 to 9 Taking advantage great dot and red zone forced him to go up top when you when he was down by needed a touchdown forced him to do Something stupid like throw it up and that allowed me to go ahead and make the play and and end the game Here he goes getting hit trying to do it at post route coming back to him Just got to keep him out the end zone here pretty much those the poster Oh Marla Humphrey just a little bit too slow right there threaded the needle there to Tony Gonzalez Pops a little run we're getting close to the two-minute warning man So if I get him to the two-minute warning and he doesn't and he doesn't score that's good He's gonna get to the point where he's gonna get close to having to use his time out timeouts on offense or needle on side Kick getting those sheds man Bradley Chubb with a sack Second is 16 He'll roll it out with my homies man mobile quarterback on his motors really valuable Gets a couple yards nothing crazy six yard run next play bang bait him a little bit What did I tell you third win James best player I have I put him a user six three ninety two speed We're gonna go down and that's gonna end the game and he's gonna tap out because we are up 12 points man And we had a ball. That's pretty much Put it in the jar put it in the fridge the games over man. My drafts a lot of fun Man, honestly drafting teams is my favorite part man. So I wish it wasn't six games We needed to play I wish it was only four like it was last year But I still enjoy playing the mode man Obviously, it's way different than mutt way different a salad cat way different and raises his own mode And then we're gonna see who's gonna qualify who's gonna get into that top 96 Who's gonna make the way out man? Please hit the like button. Please comment on what your mutt best mutt draft team was


A now we're taking you to stories from outside Africa former United States President Barack Obama.  He said it was particularly discouraging to see the leaders of the two world's largest emiters, China, Russia. Declining to even attend the proceedings in Glasgow, Obama said. Most nations have failed to be as ambitious as they need to be. The escalation, the ratcheting up of ambition that we anticipated in Paris six years ago, has not been uniformly realized. I have to confess it was particularly discouraging to see the leaders of two of the world's largest emitters, China and Russia, declined to even attend the proceedings. And their national plans so far reflect what appears to be a dangerous lack of urgency, a willingness to maintain the status quo on the part of those governments. And that's a shame. We need advanced economies like the U.S. and Europe leading on this issue. But you know the facts. We also need China and India leading on this issue. We need Russia leading on this issue just as we need Indonesia and South Africa and Brazil leading on this issue. We can't afford anybody on the sidelines. The head of Ghana's Environmental Protection Agency, Henry Kofu, said negotiations over funds for adoption and resilience in the nation's hardest hits by climate change were not reflecting the levels of ambition publicly voiced by developed countries. It is very disheartening to note that the global goal on adaptation, GCA, aspect article 7.1 of Paris Agreement is still non-operational. And at this current negotiation rooms, African negotiators are finding it very difficult pushing this agenda through. What has been said at the higher levels of commitment by our colleagues in the G20s and the developed countries are far different from what is happening in the negotiations rooms. It's very unfortunate and sad indeed.


Well, happy Christmas Eve to all of you. Jane and I and our family, we just want to just wish all of you just an incredible Christmas Eve and Christmas weekend. We had so looked forward to all being together. But as you know, in Michigan, you just can never predict the weather. But what I can predict is that this is going to be a beautiful and a significant Christmas for you and for your family. And we're so glad that you've joined us. Even if it is an online experience, the reality and the beauty and the power of Christmas is still close to us. And God is still drawing near to us in our living rooms and in our homes and gathered together.  It doesn't matter. Jesus is the savior of the world and he's meeting us wherever we're at. I want to draw your attention to a couple of scriptures today that will help us really draw near and frame what Christmas Eve is really all about and Christmas in particular. I've entitled this message, Waiting on Jesus. And I want to read two scriptures to you. The first one is Luke chapter two, the first seven verses. It says, in those days, a decree went out from Caesar Augustus that all the world should be registered. This was the first registration when Curinius was governor of Syria and all went to be registered each to his own town. And Joseph also went up from Galilee from the town of Nazareth to Judea to the city of David, which is called Bethlehem. Because he was of the house and lineage of David to be registered with Mary, his betrothed, who was with child. And while they were there, the time came for her to give birth and she gave birth to her firstborn son and wrapped him in swaddling cloths and laid him in a manger because there was no room for them in the inn. The second scripture that I want to read to go along with this, this Christmas Eve is Philippians chapter two verses six through 11. It's talking about Jesus and his incarnation in Paul's writing. And he said, who that's being Jesus though he was in the form of God did not count equality with God, a thing to be grasped. But he made himself nothing taking the form of a servant being born in the likeness of men and being found in human form. He humbled himself by becoming obedient to the point of death, even death on a cross. Therefore, God has highly exalted him and bestowed on him the name that is above every name so that at the name of Jesus every knee should bow in heaven and on earth and under the earth and every tongue confess that Jesus Christ is Lord to the glory of God, the Father. You see both of these scriptures one before the birth of Jesus and the other looking backwards at the incarnation the birth of Jesus, the son of God. Both of these are speaking about one historical event, probably the most significant event that has ever taken place in the history of humanity. And it is the entrance of God, the glory of God the long-awaited one being born into history to save humanity from their sins. This is the incarnation, this is the birth of Jesus the redeemer, the Messiah of Israel the savior of the world the creator of all that exists steps out of eternity and into a moment within history in the most humble, in the most in obscure way and fashion that we could even imagine we can't even comprehend the condescension that took place when Jesus stepped into history and was born on Christmas day. What a journey that was. Mary and Joseph's journey was 70 miles from Nazareth to Bethlehem but Jesus's journey from the throne room of heaven into a manger in Bethlehem was far greater. We can't even measure, we can't even describe we can't even begin to fathom the length and the sacrifice of that journey but yet Jesus made it and the reason why he made that journey is he came to do for us what we could never do for ourselves. You see that first Christmas there was not just God and man being joined together but there was heaven and earth because at Jesus's birth we see God and man we see the angels announcing his birth but the shepherds going to witness his birth. We see the stars in the heaven leading the wise men to where he was born but we see Jesus humbly wrapped up and placed in the depths of the earth. We see Jews and we see Gentiles recognizing that he is the king and we see darkness being eclipsed by a great light. Jesus the light of the world is born on Christmas day. What an immense miracle. What an incredible indescribable reality that has literally changed all of history and has changed the world and if you're a Christian it has changed you. But when we read this story and we read especially Luke's account what strikes me the most is that in verse number seven it says in the middle of this massive miracle in the middle of heaven breaking into human reality it says in verse number seven there was no place for them in the end. Think about that for a moment. Jesus makes this great journey across time and space. Joseph and Mary make this long 70 mile journey but when they arrive in Bethlehem there is no room for them in the end. Now sometimes when we think about that verse and we've heard it many different times and we think of in we're thinking of like the holiday in we're thinking of the comfort in or the motel six but the word for in literally means guest room. It's not a secular, it's not a separate entity it's not a business as much as it is that Joseph and Mary probably arrived in Bethlehem and either went to friends or acquaintances or more than likely family members that were of his extended family but when they arrived there there was no room in the guest room for them. Probably there's lots of different reasons for it but it probably had to do with the census that was being called because everybody had to go back to their hometown and so the city is packed out every space is maximized. I mean we're right now we're experiencing or we have experienced just a storm some people are calling wants in a decade storm and if you ventured out over the last couple of days and you went to Myers or you went to Walmart you recognize that when a storm comes or there's these moments of crisis people go and they max out they buy gallons of water they buy everything that's on the shelves they buy every battery that they can get their hands on and it's probably like that in Bethlehem at this moment where every space, everyone's guest rooms everyone's living room couch has somebody sleeping on it when Joseph and Mary arrive and Mary is very, very with child when they arrive in Bethlehem there's just no space. Sorry, hey we've got people staying with us maybe check down the street sorry we're packed out as well we've got far too many guests and they end up staying in the stable they end up staying in what would be the equivalent for you and I of a shed or a garage attached to the house where the animals are taking care of. You and I look at that inhospitality of them not having room for Jesus and we think how could you treat the son of God like that but in the moment we have to remember but they didn't know who Jesus was they just thought here's some extended relatives and it's a little inconvenient for us at this particular time maybe it was just the census maybe it was just the inconvenience because they didn't see the significance of Jesus or Joseph of Mary or the moment maybe it was the stigma because the rumor had spread that here's this woman who's still engaged to Joseph but she's yet nine months pregnant and we don't want that stigma attached to us and to our family or to our household we don't know the reasons for it but we know this that there was a lack of hospitality a lack of openness a lack of welcoming maybe we could say it like this there was a lack of waiting. Remember we gave you a definition of waiting that it's this sense of expectancy this urgency in order to receive the promise like a child at Christmas who can't wait until Christmas morning when he's able and ready and okay to open his presence and so they're up all night and thinking about it and asking when, when, when, when that's a picture of what it means to wait on the Lord or to wait expectantly for the gift and what we can be very sure of is that nobody in Bethlehem on that first Christmas was waiting for Jesus if they had been waiting for Jesus they would have made room for him. If they had known who Jesus was going to be they wouldn't have cared about the stigma. They would have inconvenienced themselves they would have made room no matter what else was going on but what's interesting as well there was no hospitality that was offered to Jesus and to his mother and Joseph his earthly father. Jesus is a perfect picture of heavenly hospitality. Of heavenly hospitality because while there was no room for Jesus in their homes Jesus abandoned his home and came in pursuit of us to welcome us into his family. Think about at Christmas time Jesus humbled himself. He humbled himself in a manner that we really can't even comprehend.  A manger is nothing but a feeding trough for sheep or for donkeys or for other animals but yet here is the son of God who allows himself to be placed into a manger a feeding trough so that he can come and feed us with the bread of life that we could never find on our own. Jesus allows himself to be wrapped in swaddling clothes these strips of cloth so that he could come and instead place robes of righteousness royal robes of righteousness on us even though our righteousness is as filthy rags in God's sight. Jesus ultimately humbles himself by being born of a virgin. Being born of a human young woman a virgin so that he can give us a new birth and an unstained eternal life that sin had taken from us and that we had willingly forfeited by our rebellion against God but yet in Jesus he allows us to be born afresh and anew with a brand new beginning with a brand new life and with an eternal hope. Jesus offers to us heavenly hospitality. It's as if the Father says, I'm making room for you to a world that said, I'm not really sure that I want the stigma attached. I'm a little too busy. This is an inconvenience. You know what I wonder? I wonder this. I wonder if in the years to come after Jesus's birth when he rises to influence, when he begins to preach the kingdom of God, when he begins to perform miracles and heal the blinded eyes and unstop deaf ears and cause lame men and women to walk when he began to raise people from the dead and multiply the bread and the loaves when he began to draw crowds because his words were with authority and he spoke words of life when he began to confront the religious power structures that were trying to put a barrier between God and man as Jesus begins to rise in influence and all of Judea and all of Sumeria and even all the way up into Syria and way beyond that began to speak and to whisper that I think this might be the Messiah, the Savior, the awaited one. I wonder if some of these people in Bethlehem remembered that first Christmas Eve and regretted not making room for Jesus. I wonder if they looked back and said, I wish I had allowed myself to be inconvenienced. I wish I had not worried about the stigma. What people would say about me and what people would think about me, I wish I had made room for Jesus then. You see the only thing that would ultimately eclipse the miracle of Christmas would be the miracle of Jesus' resurrection. When the stone was rolled away with Jesus who had just been crucified and died for the sins of the world would be raised back to life when a movement called the church and the way would begin to move throughout the streets of Judea and then to Samaria and then to the uttermost parts of the world and the message of Jesus began to spread and to save and to redeem and to restore and put hope within people's hearts once again as they experienced the love of God. I wonder if there were those who wished that just as God had opened up his heart to them and expressed it by giving his own son. I wonder if there were those who wished that they had earlier opened up theirs. And today my hope for all of us on this Christmas Eve is that we won't wait. We won't wait until the next appearing of Jesus, his coming, his soon and his near return. I hope we will look beyond the stigma. Today we live in an hour where if you're going to follow Jesus you have to willingly embrace the stigma of being a Christ follower.  Today if you're gonna follow Jesus you're gonna have to recognize that storms come that there's always going to be busyness and things around us that we can fill our lives with that we can fill our homes with. There's always going to be other priorities but yet if we will open up our hearts and live lives of human hospitality that says, God, I wanna make room in my life. I wanna make room in my heart to receive you, to receive Jesus and to not just believe in him but I wanna follow him. I wanna yield to him. I wanna experience the salvation that Jesus came to give me. And today the Father is looking at you and you don't have to ever look back with regret. Today if you don't know Jesus you can just simply welcome him into your heart. Say, Lord Jesus, come into my heart. Be my savior today. Forgive me of my sins today. I've been waiting for you. Give me eternal life. I believe you are the Son of God. You came on Christmas. You rose on Easter and you're soon to come back to establish your kingdom. Sit on the throne of my heart today. In Jesus' name, amen.