is dedicating them back like I never left, clicking no content like a chef, shooting videos like I'm stepping up. Curry, so hurry up and subscribe because it's time for us to slide, baby. We gonna slide right to this.   Hashtag triple C's in the comments section. Let's get to business. Curry, you are out of pocket. I'm gonna tell you guys what happened right now. If you haven't watched a video I did a few days ago, where I had to deliver 2,186 pounds of plywood. Make sure you go watch that video first before I tell you guys what happened. Now, I did that order and the payout was $62 and some change. I'm thinking for me unloading that I would receive $2.50 per 50 pounds after the first 50 pounds. Cause that's what I was told by Curry. That's what they told me, baby. Guess what? I did not receive $2.50 per 50 pounds after the first 50 pounds. I only received $60 for unloading that order when I should have received $108 and some change. I reached out to Curry multiple times. I talked to a person and he said, no, you're gonna receive $60. I talked to another person and he said, no, you're gonna receive $60. I talked to another person and he said, no, you're only gonna receive $60. And the first person, he just left me on hold, baby. They didn't respond for two days. Curry, my job is to do these apps and do all these different carrier companies and everything and let you guys know the info. But when they're wrong, I'm gonna have to address when they're wrong. Curry, you are out of pocket and you are wrong for what you did. Now, moving forward with Curry, from here on out, if the order does not say loan and unload and I get to the customer house and they want me to unload, guess what? These items are going back to the store. I'm not playing games on them all. I'm done playing games. Y'all been doing too much for me. First y'all sent me off. Y'all had me go drop all the way to this place and they cancel the order right before I got there and I didn't get paid nothing for that. They told me it was assigned to another driver after I drove 20 minutes to get there. I was seven minutes away. They canceled the order on me. Now y'all gonna pull this and y'all had pulled multiple other things previously. So I'm done playing games with Curry, dispatch, any apps, anybody, anybody here, baby.  We holding everybody accountable for what they are doing. Now, this money, we're about to start pursuing. Order number uno, we're about to get our pockets fat like sumo. We are putting up the sun to get these fun suns and power some fun and then run and get a sum of these funds. Sun run pickup location. We are picking up 10 panels. We're driving 33.2 miles for 91.26. We're about to pull up and get in the mix. Let's go. My God, James out there loading right now. We're trying to get move in and out because we need to get to Chicago. This one drop off is in Chicago. So we got to move quick and get this grip. So that's a little flip. The game is over. The game is over. Right here. It's all right. It's all right right here. This one. Cowboys. They got watering on there. We got to bring water for them now. Shoo. These in here. Just like that. My God, James about to pull up so we can go ahead and get these bugs. You know, tell them I'll have to get these bugs. Y'all see when you had that flywood problem is that thing, y'all. We got that new flywood, baby. We got that joint right here. This is right over there joint too. Just like that. It's game time. It's time for us to get on the grind and shine. Let's go.  It's time for us to knock these socks off. Let's go. That's one, baby. Now we got to step back here with the photo. Here are your notes. We got one. We're going to take two of these joints. Got to hit the panels. Hit them with the photo. So we're going. Order number two. Guess what? If you hate, we'll get you and your crew about to do some bungee bungee bungee bungee. Before we get into this order, if you guys want to sign up for bungee, you're going to click the link in the description and type in the referral code WSSV1. Again, the referral code is WSSV1 and the app is bungee. Today we're going to do something we've never done before on bungee. We are picking up a home care medical recliner. And we do actually have to put this thing together. I'm going to tell you guys how I go once we get there. Now, we're going to drive 28.46 miles. The item weighs 110 pounds. And we will receive a payment of $92.35. It's time for the pick up the prize and drive. Let's go. And just like that, they about to pull in so we can go out and get these different engines. We ain't about to pull in with this joint, baby. I don't know what this really is. It's supposed to be a reclining chair. So we're going to see what happened, baby. And I'm supposed to weigh 110 pounds, too. So we're going to see. My partner, I think he's about to pull in the gate right now. Get the gate right now. So we're about to go our hand gate right now. Pockets tight. It's a small box, too. So I'm telling Bob. That door is fine. So we have a little more things to get the W out. Yeah. Oh, this is super light. Yeah.  This is it. Have you ever did one of these before? It's your first time, too. No, I did a bungee, but not from here. Yeah. We got people to put this together when we get to the customer house. Oh, yeah. I saw that. Yeah. So this is my first time doing one of those. I did a bungee. It's a chair, right? Yeah. It's a chair. You basically just got to slide the back in, too. It seems like it's, like, you got to do a couple other little things. They sent the link for it. So it seems like I'm working on how to do it. But it shouldn't be that bad. Hopefully not. Nick figured I got some tools, too, so. Really awful comfort tools, so. And just like that is game time. It's time for us to get on the grind and shine and let's go. Just like that, we are here at the drop off location. I'm not going to record inside, so. I'm going to tell you guys how and when we get back to the van, but it's time to get these things. I hope y'all understand. Hello. We have a gift for you. OK, so do you want to show us where we're going? It's just right here. OK. So we're going. Two steps and then. Right in that room, right in the white room. Oh, this one right here? OK. Nick said it right. OK, we have to clean it wrong. How was it? How was it? Honestly, let me tell you guys the truth. It wasn't that bad, but I do have a few issues with what we had to do. It wasn't bad, though. So we get to the customer house. We get the chair down and everything. We asked her where she wants the chair. We took it in there exactly where they wanted. Now, as we put this together, it wasn't bad. The instructions were a little skeptical, baby. Ain't got a lot. Instructions are OK, but the way they had the pictures and the diagrams and the pictures and stuff like that, it was a little bit kind of confusing a little bit, because they didn't tell you exactly how you do it exactly, exactly all the way. So, but that wasn't bad. We pretty much just had to put the feet on the wheels on, put the wheels on, one in each quarter. So four wheels. And then we had to take the back of the cushion of the couch, like the back part, take the back part, slide it in, and then put these boats to it. One, two, three boats. And then this is the part where we had to issue it. They actually had some trays. I'm going to put a little video right here. This is what we had to do. I'll see that. That's what we put together. They had some trays on the side of the chair. There's a tray over here and a tray over here. We had to put that tray on. Now, in order to put those tray-ons, you literally have to poke a hole through the couch. You have to poke a hole through it, baby. You have to poke a hole through it because you have to get to the screw. I think that the way that they made that was not a very good make. I think that they should have had the screws on the outside and just screw it in like that. So it had like some, it had like two polka dots. Let me go say two circles, two circles, two sticky notes, like a circle, right? One right here, one right here. They want you to fill with it with a screwdriver then poke a hole in it where you're supposed to poke a hole in it. You put the table on it and then you put the screw in. But the issue we had was the sticker did not match up exactly where the holes were. I would expect, me personally, I would expect it. It'd be right in the center. We poke the hole right there and then you put the screws in. But it had, you got to like feel around it. You got to touch it around, feel it, feel it. And then you feel a little ding in there. Then you put the hole in there. But I don't want to be putting no hole in nobody's stuff. Because if you mess up, guess what? You're gonna mess somebody's chair because you poke the hole wrong when they should have had that stuff already pre-done already. That's my opinion. Comment below and let me know if you have done one of these orders like that before. But all in all, it was pretty cool. And we made $92 for that. And it literally only took us about 20 minutes to do everything when we got to the house, baby. So it was pretty sweet all in all. I'm gonna say I'm gonna give it a four out of five star. Four out of five stars. It wasn't bad at all. I just did not like to push poking them holes in their people stuff. Because if you mess up, you're done. But all in all, everything went great. And we went out there to get that cake. I hope you guys enjoyed this video. Again, if you are not subscribed, if not part of the triple C's, then you need to go ahead and smash the subscribe button because there ain't nothing, baby. It is free for you to smash the subscribe button. So make sure you lock in tomorrow because we're going back down because we ain't playing around. Between three and three, it's a big bag season. We'll keep on giving a reason. I'll see you guys on the next one. Be going, be going, be flowing. You already know I'm the DDK and I'm on my way.


Hi everyone, this is Sarah Delaney. I am a fourth year architecture student at AUS and one of the Czech League recipients for 2021. First of all I'm very grateful for the award because for me it just shows how hard work and effort does pay off and something that I'd advise to other students is to try to find a balance between your personal life and your academic life and focus on consistency. Work hard but don't overwork yourself. Thank you.


Coming back to that part of the answer, when you said about this vicious cycle of this poverty then child labor and the other one is illiteracy perhaps that when you that is your concept that means poverty is the single most driving force that leads to child labor. But in 1997 UNICEF listed 4 myths surrounding child labor what is available in their website that is child labor is only a phenomenon of redevelopment countries child labor will disappear when poverty disappears they call it myth and that the most child labor's weak in sweet shops then boycott and pressurizing the government is not the answer to this removal of child labor. So, this they called myths. So, somewhere is there been a divergence of concept. No, no, no, no. If we maintain poverty then a large number of children from the poor families would go to work or would be compelled to go to work the parents may send them to work because of poverty. But on the other hand if the children will keep on working they will remain poor for the whole of their life and then they will send their children to work because adults are not preferred in jobs in comparison to children. Globally 168 million, kareeb kareeb satra karol children are in full time jobs on the other hand 200 million approximately these karol adults are jobless and there are studies which prove that most of these jobless adults are none but the very parents of those children who are given jobs. The parents are not preferred in jobs because they are expensive labor whereas the children are the cheapest of free labor. So, it goes on.  So, it is the myth that power if the poverty is eradicated child labor will automatically be eradicated. It is a half truth. The full truth is that we have to eradicate child labor simultaneously so that poverty could be eradicated but we cannot simply say that we can bring all children to school and give them good quality education without dealing with the poverty issues. We have to fight out poverty and we have to fight out illiteracy as well and simultaneously child labor. So, we have also seen and that is a proven fact now through many of the empirical evidences and academic researches which are done for none other than by ILO UNESCO World Bank that one single year of primary class in case of a child will help in an increase of 5 to 15 percent income in the later stage when that child becomes elder grown up every single year. And every single year of secondary schooling helps in an increase of 20 to 25 percent in the later stage. So, how this is very directly connected and that is a proven fact now. There is another very interesting study conducted by World Bank in 50 countries which prove that if we are able to provide a primary education for all people all children to begin with children. It will help in an automatic increase of 0.37 percent GDP growth and if the children are also given the secondary education it will help in 1 percent additional GDP growth annual GDP growth. So, for an individual and for a country how important is education one can see and child labor is the biggest impediment in education. So, that is why we have to put an end to child labor immediately without any excuse without any compromise without any delay. We have to fight with all these three things simultaneously.


Welcome to JSA TV where we're covering the latest stories, trends, and innovations from leaders in global connectivity, real estate, and the networks within. Buffy Harakitas of JSA and joining me today is the one and only, Lee Kirby of Salute Mission Critical. He was also the keynote speaker for today's opening keynote session here at Data Cloud USA. Lee, welcome. Thank you, Buffy. Yeah, we're honored to have you here today and in case you don't know, Salute Mission Critical is a leader in providing military community services to data center operators globally to help fill positions. Can you tell us a little bit more about that? You bet. Salute Mission Critical runs data center services for companies in 14 countries and we do projects in over 180 countries. We deal with military precision because we recruit from the military community and we've built our procedures to use the best practices from both the military and the civilian community, and that's why we've had such phenomenal growth and now are over 1,000 employees. We started recruiting just from the enlisted ranks, but have gone through senior NCOs and now into the officer ranks as well. So it's had a phenomenal success story that we hope will be an example for the rest of the industry to emulate. Yeah, can you talk to us a little bit more about the challenge of recruiting talent in our industry and how you see the military community being a part of the solution and why? You bet. With the military specifically, what we've done is we've had thousands of people come through our ranks and move on to the industry and so many of them did not even know we exist. So I think a lot of it is awareness in the military community. Our industry needs to get more aggressive and that's why about five years ago, we formed a strategic initiative with Infrastructure Masons and started the Armed Forces Community. So we reach out to military bases and try to get the military community to even know we exist so that they can make a choice. The unemployment problem with veterans has gone away with the economy back in full swing, but there's an under-employment problem and we want to get veterans out there that are moving furniture and making sandwiches to know that there's an opportunity that they could latch onto in our industry and have a great financially and personally rewarding career. So it's all about raising awareness in my opinion. Yeah, I agree. And it's so wonderful all the things that you're doing for the military veterans and how they can really help bring the data center industry together. Exactly. And there's a hidden gem that if you don't mind, I'd like to mention this. I'm always saying veterans. But when I say that, I also mean the entire community veterans and military spouses. A lot of people overlook that the military spouse is changing careers every two to three years. And that adaptability makes for a great employee. And if people will look at all of the spouses on active duty and try to capture that resource pool, too, at Salute, we've got military spouses working around the world and they can continue their career as their spouse changes jobs and moves. They can change jobs with us and move. And by tapping into that resource pool, they expand the amount of people that they can bring into the industry. And I think with the effects of artificial intelligence and the increased demand we're going to have for resources looking across the board of veterans, military spouses and the entire community will be important for us as an industry. Well, you said the word or the acronym AI, artificial intelligence.  I'm sure we're going to be hearing it for much more time to come. But specifically AI and how it's being integrated into facility management. Can you talk to us a little bit more about that? And the work of your onsite team and what they're doing when it comes to AI? Absolutely. The exciting thing everybody's talking about is the demand side of things. But what I'm seeing is the capability side. Artificial intelligence is being integrated into the systems. We're seeing pilots going on with autonomous drones that are going and doing the rounds and reads. And that data is being uploaded into the AI systems to be able to trend out data that used to take us weeks or months to be able to do and we've got that automatically. And it's being able to look at training and shift schedules and do that kind of analysis that would take a human just hours to do. And it doesn't a matter of seconds. So AI is going to drive demand, but it's also going to drive capabilities so that we can keep up with that demand. So I'm excited for what it's going to do for facilities management over the next five years. And when you look at it, another pitch for the military community, who's got better experience with AI and drones than the military community to bring into this industry. Absolutely. I'm doing doing great things with salute, missing critical. It's such an honor to have you here today. Is there anything you want to add? No, I just am appreciative of everything JSA is doing to help raise visibility. And we get this out to the military community and get them coming into our industry. I think it helps everybody increase their capabilities. It certainly does. And thanks again, Lee, for joining us here for another episode of JSA TV. Thank you, viewers, for joining us. Stay curious, stay connected and happy networking.


welcome to my channel. Now what I want to do is give you an intro to the next two videos coming up for ASMR math, which is sort of something we're going to build on a lot more for math and real life in the language of mathematics. And basically the series that we're going to create for math and real life is the mathematics of Sufi whirling. As far as how this series came to be, you know, what we plan on doing in these videos. Now in the summers, for me personally and for many other people, what we do is we seek out music festivals. And this year I ended up, you know, we had the chance to go to one music festival and we never go into this music festival. And it was sort of a music festival along the lines of the videos that I put out in 2007-2008 for another music festival that was happening on Vancouver Island as well. It's sort of an electronic music festival with DJs and performances and stuff like this mixed in with live band performances, right? And a lot of activities for people to do and a lot of art embedded in there, stuff like this. So it was sort of a three-day music festival with three different stages going on and a lot of different performances and courses and lectures and talks you could go to, right? And one of the performances that was happening at this festival was a friend of mine that was, you know, scheduled in to do sort of a transition when one band or one DJ was coming on and was transitioning on to another DJ or another band. And she had a little segment where she would do Sufi Warling, right? And for me, I've known about Sufi Warling, but I've never had the opportunity to see Sufi Warling live. And after seeing this thing, it just blew me away. She did two performances, two different nights. So the first night where I saw this performance, it just really just blew me away. And what I saw was a lot of patterns, right? A lot of mathematics involved in the Warling. And I had talked to her before and she had told me that Sufi Warling, there's a fair bit of mathematics embedded within Sufi Warling. So after talking with this friend of mine and watching her performance the first night, we talked to each other and, you know, I told her what I was doing for math in real life and she told me about the mathematics, all the mathematics involved in Sufi Warling. And she agreed to get together and, you know, have a little conversation, have a little interview and show us some of the Sufi Warling and talk to us about a little bit of mathematics involved in Sufi Warling. Okay. And the next two videos are those. Okay. The first one is going to be an interview we have, like we sat down. Her name is Furima, by the way. So Furima was kind enough to sit down with us and, you know, give us the lower down of Sufi Warling and tell us how this thing came to be and what it's all about. And in the next video, the one following and the second video, we're going to go into the studio with her and she's going to show us some of the different techniques, some of the different dances that she does specifically for Sufi Warling. Right? And one little bit of info regarding this series that we're putting together, which is going to, you know, overlap with the math in real life and ASMR math and kick into trigonometry. And if you've been following the trig videos after you've watched the interview and what we do in the studio, you'll see how that relates to trigonometry material that we're creating with cyclic functions and circles and whatnot. Right? And hopefully we can take some of the stuff that we do, some of the mathematics of Sufi Warling and overlap that with the trigonometry material and possibly create some exercise and solutions for the trigonometry content on the side and, you know, the booklet and exercise and solutions that we're going to create for that material. Right? But since Frima lives in California and I live in British Columbia, what we've agreed to do is whenever she comes into my area and she comes into my area at least once, twice, possibly three times a year to do either performances of festivals or hold sort of retreats, dance retreats, maybe Sufi Warling or other types of dance. Right? So she's agreed and we've decided that whenever she's going to come into town, we're going to get together and we're going to build a little bit more content for the mathematics of Sufi Warling and see how we can overlay that with basically a series that we're going to create for math and real life and overlap that stuff with the stuff that we're going to do for trigonometry. So that's where we are with this with this series, the mathematics of Sufi Warling. That's what we've done so far, which is basically shoot a video. Me and Frima have talked a fair bit about it and we've gone into the studio and shot some video of some of the dances that she does. Hopefully next time when she performs at the festival, maybe I'll get a chance to shoot that as well and show you how this looks like with the live band playing and with the lights and magnificent costumes and just the atmosphere of the festival, of the performance and we'll see what we can do to build the content slowly to introduce some of the concepts that we will talk about in the interview and what you'll see happen in the studio and some of the stuff that we've already talked about in trigonometry. So there's a lot of overlapping here in the layering and that's sort of the long-winded introduction to the next two videos coming up and it's going to be an open-ended sort of series discussion and hopefully we can build it up over the next year, two, three, four, however long it takes to sort of delve deep into this idea, this concept and understand well what happens, how the mathematics of Sufi whirling are related, how that overlaps. I hope you enjoy and I'll see you guys in the next video. Bye for now. One thing I forgot to ask you during the, when we were talking was you mentioned that some people whirl for hours. Yeah, yeah. Well it's, there is a saying that only whirl for 72 hours. So yeah, people you can whirl for 24 hours and once you're into that state of ecstasy you're in sleep mode.  So there, yeah, people do whirl for hours and hours and hours. Wow, wow, wow. That's cool. I mean four or five hours is nothing. Four or five hours is nothing. No, people will whirl for like I said like 12 hours to four hours. Wow, wow, incredible, incredible. What's the longest you've done? The longest I've done is four and a half hours. Four and a half hours of whirling. Yeah, four and a half hours. Wow, wow. Straight. I mean I have done where like I would take a break for 10 minutes, come back or wait for you know five minutes and I went on for like almost 12 hours. Yeah. But straight without stopping four and a half hours. Four and a half hours of whirling. Wow. Yeah. What was it like when you came out of that? It's very different.  Sometimes you're very happy. It really depends on what you see because you start to see images. You start to hear things.  Yeah, it's like being high and you come out of being high and like, okay, I'm in this reality and I don't like it. Yeah, yeah. You're boring. You're bearing your soul. All your guards are down. Yeah. All your walls are down. It's, I mean in the Sufi tradition they do say it's like death.   They like what they see there. So it's, it's a, it's a state of, state of being. So sometimes I get very emotional and I just cry. Or sometimes people have said that I was screaming while I was whirling. Some people said that I've been laughing when I was whirling and I don't understand, I don't know any of this. You don't remember? No, I don't remember any of this. But there are videos of me that I'm clapping and dancing while I'm whirling and I don't remember any of it. Wow. There's, I mean, like I said, people said you were screaming and saying names and I don't remember any. So you're in a sleep mode. In a trance, in a trance. That's cool. That's where the shamanistic aspect comes from a lot. And spiritual, all spiritual mythology and contemporary religions, I guess. I forgot to tell you about the head, but we can do that later. And then the, the line of the head connected with the heart and going Oh yeah, yeah, yeah, yeah. Because I've seen, that's some of the ones I've seen, right? The head is, is one of the most important part of the body that actually makes you go into trance.


The Navy honored the 4 2012 Sailors of the Year May 16th in a promotion ceremony at the Navy Memorial in Washington. And there's only room for professionals. Being a chief petty officer is not for the weak of heart nor the lazy of mind and body. We expect you to be all in all the time starting on day one. These individuals were selected from over 58,000 petty officers that were started out this process in the very beginning. While this recognition highlights their individual achievement, we know that no one makes it to this point without a vast support network of shipmates, mentors, friends and family, many of whom are here today. The Sailor of the Year program began in 1972 to recognize a sailor who best represented the highest levels of dedication and professionalism in a command and ultimately the Navy. From the Defense Media Activity, I'm petty officer Amara Timberlake.


I think that we've got our guest guest host coming up right now. We've got Steve Rhodes. Hi Steve. How are you doing well basil yourself? I'm very good. Thank you. Nice to be with you.  Go ahead. Yeah. Yeah. I was just going to say just before we get going. Tell us the service that you provide here at TFNM and then we can get going. Sure. So I provide a daily newsletter service. It's called Mastering Probability and I send out a morning update usually by 9 o'clock if not a little bit sooner. It covers all the markets.  So I cover all the different commodities out there. And then I do a end of day report. So after the market close we take a look at what's going on inside the sectors inside the S&P 500 the index ETF side WM diamond spies and cues as well as the indices and just anything that I know to help folks in the overnight session. So an example might be the spot volatility next which I believe is I'm not looking at it right now basil but it was trading above a one day rate of change above plus 10% and when we get days like that for those folks that trade the equity futures it's really a cool tool because we put that together with different bottoming patterns that I teach subscribers like you teach subscribers the Chapman wave. And it just provides an edge to allow folks to understand what the markets are doing where they're headed to because we identify support and resistance levels. And so that's what I do each day and then like yourself you know I do a do a show. So I thought that today maybe just carrying upon the theme of last week we were talking a little bit about the about the bigger picture out here. And the net capital movement is really for me is one of the keys to understand the future. What I mean by that it's a matter of being able to try to identify is is money flowing out of Asia into the U.S. out of the third world economies into the U.S. and out of Europe into the U.S. or is it going the other way around. So understanding that capital movement is really key to understanding the future and during periods of war or international uncertainty. So we certainly have that going on a capital typically or the U.S. dollar capital flows into the U.S. dollar and you know because we're the reserve currency is one of the reasons out here also because the U.S. dollar has never been canceled. That's way different than the euro and other currencies over in Europe goodness different than currencies in China really any place around the globe. So the U.S. dollar index has never been canceled and is in and is a reason that capital will flow to that. Now you know a lot of people talk about inflation and all the money that's out there under the assumption that the U.S. dollar is somehow cratered. The U.S. dollar index bottomed in May of 2011. And right now it's generating a signal least in my work that price might target the 109 58 level. And we're trading around 99 92 right now. So that would that would be above the high that was made in 2020 of 102.99 on the index. Yes. Yeah. So I'm going to be. Yeah. I have an A to B equal CD pattern price above the top of its daily profile. And certainly the the swing point that you're referring to is level that's got to be taken out. But the notion that somehow the U.S. dollar index is cratering is just a just a it's just an incorrect assumption. And we know that what an instrument. No. Another thing I want to share with folks is that when instruments trade above the prior year is high or then the instrument is termed to be in a bullish mode. And the opposite is true. If you start trading below the prior year is low. Instrument is definitely bearish out there. So here's a picture of the U.S. dollar index for a daily timeframe. As long as price remains above 96 94 from a yearly standpoint the U.S. dollar index will be bullish. Now as you know there's a currency pairs that make up the U.S. dollar index. Three of those currency pairs the euro the pound and the yen make up 83 percent. The other currencies are the Canadian dollar the Swiss Corona and the Swedish Swiss Frank and the Swedish Corona out there. But if we just focus in on these three that make up that meaning the euro the pound in the U.S. and the Japanese yen out there. What we'll see when we take a look at their monthly charts is that there may be a change in trend unfolding by this coming May. So next month and the U.S. dollar index generated TD nine count bottom patterns in twenty twenty one for the euro. That's a the euro bottoming pattern. Where did I. Oh my goodness. That's the euro dollar currency pair top right there. There we go. So with the right upper right hand chart you'll see bar number nine. It's another pattern that I that I teach out there. And if you take a look at the phone in the lower left it was a TD nine count top that identified that top. And we can take a look at the U.S. dollar index on a monthly basis. It was a TD nine count bottom. No. We take a look at what's going on right now. Right now the U.S. dollar index if you look at the very right hand side it is in bar number nine. Remember there was a bottom of TD nine count can either top or bottom bars eight nine or the bar following nine. If we look at the euro it also is in bar number nine out here. Looks like it's going to go target the one oh seven level. And if we take a look at the Great British Pound it's also in bar number nine and the Japanese yen is in bar number nine. So this is suggesting to us that we may see a change in trend in these currency pairs. It may be at the by the end of April it may be by May using the TD nine system. One of the reasons that I like to track currency pairs especially the euro is because of the impact that it has on capital flows into the U.S. stock markets out here. And we take a look at this chart in the past out here and a real key level for the euro is going to be this one oh five area. These blue arrows and I'm just focusing on the euro here Basel these blue arrows show the valid monthly TD nines for the euro since 2005. So if you start in the lower left you'll see a TD nine count bottom that took price up until formed a TD nine count top. We take a look at back here in July of 2015 we see a nice TD nine count bottom then we've got the TD nine count top we took a look at in 2021. And now we've got another pattern another TD nine count pattern that is forming as I said will complete by May. So it's something that we really want to pay attention to the July 2007 TD nine top people might have thought I overlooked that and it didn't overlook that. This is a pattern that actually failed. Now when I say it failed when you get a TD nine count what will price will typically do is move down and test this line that I call the oscillator and change line another tool that I share with people. And if price holds a green oscillator and change line as it did here that's a very bullish signal we see that price basically doubled in the euro off of that TD nine count top that it failed in July of 2007. So we want to pay attention to both sides of the trade out there and if the euro in this case here continues to to to fall then we should see a strong rally in the S&P 500. And again that key level that I'm watching here and this is we're looking at a line chart so just closing prices. So on a closing base if we see a move below 105 inside the euro what we're likely to see is a huge move up inside of the S&P 500. When I say a strong move I'm referring to figures like 50-22, 55-12 or 6,001 those represent horizontal trading ranges you may remember that takes us back to the days of Bud Rawls out there. So that's my view on a shorter term basis what I'll share with people is that the S&P 500 the cash indices in bar number eight today the ESMini is only in bar number seven. This is the way down the other way down and this means that we could see a bottom between today and Wednesday for the S&P 500. So it's always great to be with you do such a great job and thanks for taking the time. Thank you very much Steve. Love to hear your work and I love the way that you always dig deeper into everybody's techniques and it becomes your own. Thank you very much. You bet. Take care. Have a wonderful day. Thank you.


Hi, I'm Professor Nashaba and I want to tell you a little bit about enthalpy versus internal energy. So the internal energy, as we know, that's just adding up all the internal kinetic and potential energy that a system has. And by contrast, the enthalpy says take that number, we just calculated it, and add to it that product which is, this is my system. It has a certain pressure and a certain volume. We multiply those two together and add that to the internal energy and we get the enthalpy. So one thing that you can see right off the bat is that the enthalpy is generally bigger than the internal energy because we're adding a little bit to it. How about in terms of the differential equation of state? Well, here we have a picture of u as a function of temperature and volume. So it's the internal energy in a temperature volume state space and the slope in the temperature direction we call Cv, the constant volume heat capacity. The slope in the volume direction is called pi sub t. So that's what these surfaces look like and it's kind of described by that differential equation of state there. A few things. Pi sub t is zero for an ideal gas and generally not zero for a real gas. And Cv sort of tells us when we're heating up a substance isochorically, so along that sort of line that is at a constant volume, we know that Cv is the proportionality constant between how much the temperature goes up and how much heat went into the system. How does that work for this scenario? Well, we like to think about the enthalpy in a temperature and pressure state space and it looks kind of similar. The slope in the temperature direction is called Cp, the constant pressure heat capacity. The slope in the pressure direction is a new quantity called mu sub t. That's the isothermal joule-tompson coefficient. Similarly, for an ideal gas, mu sub t is zero and that surface is flat in the pressure direction. We also write a differential equation of state pretty similarly. Changes in the enthalpy are given by changes in the temperature times Cp. That slope plus changes in the pressure times the isothermal joule-tompson coefficient. And what about that Cp? Well, we just define the heat capacity to be this way. If I'm going to be heating up my substance while holding the pressure constant, that would be isobaric heating. If the temperature goes up by a certain amount, then I multiply that by this constant or that number Cp and that tells me how much heat goes in or out. Last thing, going back to the internal energy in a volume temperature state space, the first law says something like this. The change in the internal energy in general is equal to the work done plus the heat that goes in or out. But if we have isobaric heating, then I can put a little subscript v there and I say that term goes away. So the nice thing about this is that the change in the temperature, which gives me the heat that goes in and out, tells me directly about how much the internal energy changed. How does that work in enthalpy land? Well, it goes something like this. We haven't proved this, but I can tell you that it's possible to show that under certain circumstances a very similar thing works. Namely, once I figured out how much heat goes in to the system by multiplying the temperature change by Cp, I can tell you that that heat that goes in is exactly equal to the amount that the enthalpy went up, which it does follow from the first law, but it takes a few assumptions that goes into showing that that is true. Okay.


Suspense! Tonight suspense brings you as star, Miss Marsha Hunt. But first, an important reminder that... Wherever hospitality is the last word in luxury, the first name in wines is... C-R-E-S-T-A... B-L-A-N-C-A... Cresta... Blanca... Cresta Blanca... Yes, you'll find Cresta Blanca wines featured in the smartest hotels, exclusive clubs, and discriminating homes. That's because these treasured wines are favored by people who know wine perfection. Let magnificent Cresta Blanca California wines distinguish your hospitality too. Pour and enjoy a choice Cresta Blanca selection of Sherry, Port or Muscatel. Shanley's Cresta Blanca Wine Company, Livermore, California. And now, Shanley brings you... Radio's Outstanding Theatre of Thrills... Suspense! Presented by Roma Wines, that's R-O-M-A. Roma Wines of Fresno, California. And starring Marsha Hunt in Self-Defense, a suspense play produced for Shanley by William Spear. And it couldn't have been pleasanter. I really think it was the fastest divorce I've ever had. It always amuses me to hear you talk about your divorces, Mimi. You discuss them as if they were hairdressing appointments. Don't look now, darling, but a young man has been staring at you all through lunch. Oh, don't be silly. But I tell you he has. Oh, he's coming this way now. Well, just ignore him. I'm sure he won't bother us. I beg your pardon. Hello, Bobby. Wife Fred. Oh, this is a surprise. Yeah, don't keep staring at you. Oh, why, of course. Oh, Mimi, this is Fred Dexter, Mimi Carlisle. Fred's a very old friend of mine. Well, hello. How do you do? Do sit down, Fred. Mimi was just telling me about a mysterious man staring at me. Well, I guess I was staring, but I wasn't sure it was you. We were just going to order more coffee. Will you join us? Well, thanks. Thanks. I don't mind if I do. Waitress, three coffees, please. Oh, you better make that, too. I really must run. Oh, no, I hope I haven't intruded. Not at all. But I must go. I have to see that wonderful lawyer of mine, and I know you two must have a lot to talk about. Oh, don't bother to get up. Nice to have met you, Mr. Dexter. It's my pleasure, Miss Carlisle. I'll call you during the week, Bobby. Please do, darling. Bye now. Well, Fred, where shall we start? I'd like to start where we left off six years ago. You still turn a nice phrase.  Funny that you should feel that way after what happened. Oh, I was hurt deeply at first. Call it pride. Are you happy? Was it really worth it, Bobby? Oh, here's our coffee. Oh, thank you. The usual one lump of sugar? No, but thanks for remembering. Black will be fine. You haven't told me if it was worth it. I have everything I ever wanted. Are you happy with it, Bobby? Please, Fred, let's not talk about it. What are you doing here in Florida? I just got in a few days ago. Business. Sort of a troubleshooting job. Probably be here a few months. Did you come alone? If you mean I'm I married? No, I haven't found a girl rich enough. I guess I deserved that. Oh, I'm sorry. I'm sorry I shouldn't have said that. Oh, it's getting late, Fred. It's almost two o'clock. I'm afraid I must be going. It's been wonderful seeing you. Will I see you again? Yes. When? When? Oh, I can't say for sure. Oh, how about lunch tomorrow? We'll meet here at one o'clock. Well, you talked me into it. See you then. I must admit it was quite a surprise meeting Fred Dexter. When I left Chicago, he was the one person I never thought I'd see again. But I couldn't decide whether or not I was happy that he was here. At dinner that evening it was like any other night in my marriage. The usual business group was there. Big cigars stuck in their flabby faces. All nodding in unison as Jonathan recited the day's news from Wall Street. I knew the speech by heart. Cotton up three points, sweet up one, steal up two. Tonight it annoyed me more than usual, but I just smiled and remained the perfect hostess. I'm sure it wouldn't have bothered me as much had I known then what Jonathan was going to tell me later. I was sitting in my room when he knocked on the door. Come in. That was a delightful dinner, Barbara. You were charming as always. Thank you, Jonathan. I'm glad it pleased you. I have a bit of news for you, my dear. News? Yes. Sure, it won't depress you too much, but I must leave on a business trip to South America. Oh, when are you leaving? My plane reservations are for tomorrow morning. Oh, you'll be gone long? Probably two or three months. We're opening a new branch office and naturally I'll have to see that everything is organized and properly launched. I'll cable you when I arrive. If you have a spare moment, I'd like to hear from you. I'll write you, Jonathan. Thank you, Barbara. Good night, my dear. Jonathan was right. I wasn't at all depressed that he was leaving. In fact, I could hardly believe it. This would be the first time in five years that we had been separated for more than just a few days. It was a newfound freedom. And now I decided I was happy that Fred had arrived in town. The next few weeks passed quickly and I saw Fred regularly, though he had to be careful where we met. It was a complete change for me and it was wonderful to feel alive again. But for Fred, it just meant that he was falling more deeply in love with me. Oh, perhaps it wasn't right to encourage him, but I was enjoying myself thoroughly. One evening, just before Jonathan was to return, Mimi phoned and invited me to a party. It was a typical Mimi Carlisle affair with bright lights and dull people. Bobby, darling, I want you to meet Alex Maynard. That's he playing the piano. Oh, he's a perfect dream. Come, you must meet him this instant. Alex! Alex, I'd like you to meet a very dear friend of mine, Mrs. Jonathan Newell, Alex Maynard. Bobby to you, Alex. How do you do? Hello. And now you must excuse me. I'm going to practice my smile on my guests. I'll see you both later. I hope we didn't interrupt your play. You're not. I was just noodling around. Oh, don't stop, please. I love Gershwin. Oh, he's my favorite too. You play beautifully. Thanks. It's a sort of a hobby. Something to do with dull parties. What do you do if there's no piano? I find a beautiful young woman like you. Talk to her. Somebody else would like to play for a while. Maybe you're right. I thought it could never happen to me, but it did. The moment I saw Alex Maynard, I knew that for the first time in my life, I was in love. I spent every moment I could with him, but it was still necessary to see Fred occasionally. I lied about why I hadn't been with him much lately because I knew he'd make trouble if he found out about Alex. Everything was going along beautifully and I was so happy, but I knew it would all end the minute Jonathan returned. I couldn't bear the thought of living without Alex, and I decided to explain how I felt to Jonathan in the hope that he'd give me my freedom. It was strange, but I didn't even want any of his money. I only wanted Alex. I knew that Jonathan might not be willing to give me a divorce, and the thought kept pressing on my mind. So I began thinking of other ways to get rid of him. I even thought of murder. The Suspense Roma Wines are bringing you Marsha Hunt in Self-Defense. Roma Wine's presentation tonight in Radio's Outstanding Theatre of Thrill's Suspense.  That's R-O-M-A, Roma California Wines, from the world's greatest reserves of fine wines. High food prices, meatless Tuesdays and eggless Thursdays, puts the American homemaker on her metal to create tempting menus with inexpensive dishes. But millions of women have discovered an easy way to transform the simplest meals into adventures of enjoyment. The secret? At dinner time, simply serve robust Roma Burgundy or delicate Roma Sautern. Even the plainest dishes take on new glamour with Roma Burgundy or Roma Sautern to bring out all hidden flavor goodness. So try this easy recipe for mealtime pleasure. Serve tempting Roma Wines. Remember, more Americans enjoy Roma Wines than any other wines. That's R-O-M-A, Roma Wines. And now Roma Wines bring back to our Hollywood soundstage Marsha Hunt as Barbara Newell in Self-Defense, a play well calculated to keep you in suspense. It wasn't long after I'd met Alex that Jonathan arrived home and immediately surrounded himself with his associates. It seemed that the two of us were never alone long enough to bring up the subject of divorce. And it was beginning to upset me terribly. I was becoming nervous and irritable and Alex didn't make it any easier for me because he was continually asking about it. It was a Thursday night when I finally got to speak to Jonathan alone. The household help was off for the evening and Jonathan was in his study going over some papers. I thought he was wrapped up in his business plans, but I must say I was rather surprised he was thinking of me. For after a long silence, he spoke. Barbara, you haven't been yourself since I've come back. You're jumping always on edge. Is there something on your mind? Yes, there is, Jonathan. I wanted to tell you about it, but I haven't been able to get you alone. Oh, we're alone now? Jonathan, I want a divorce. You know how I feel about that. But I don't want it because of your money. I swear I won't ask you for a penny. This doesn't sound like you, Barbara. I know it doesn't, but I'm not the same person you left three months ago. You see, I've fallen in love. Oh, come now, my dear. You don't expect me to believe that. It's true. You must believe it. Does he have more money than I? Of course not. Well, then you can't be in love with him, not you, Barbara. It's just an infatuation, like a summer romance. I'm sure you'll get over shortly. I'm sure just tired and need a change. Why don't you take a trip to the Bahamas, Nassau?  And then when you come back, I'm sure you'll regain your perspective. I don't want a trip. I want a divorce. I thought we had an understanding, my dear, but apparently you've lost sight of it. But we don't love each other, and we never will. You're quite aware of that, and I always have been. I'm sorry, my dear, but you can't raise any sympathy for me. You've gotten everything you wanted from this marriage, and I don't owe you a thing. I won't give you a divorce under any circumstances. Good night, Barbara. I knew all the time what Jonathan's answer would be, but I had to ask anyway. The next day I met Alex at our usual place in the park. It was a pretty little spot in a cove just off the lake, hidden from view by a row of hedges. He was charming and attentive as always. I just couldn't tell him that Jonathan had refused to give me a divorce. I needed more time to think and to plan. My mind kept wandering back to the night before, and I guess I wasn't paying any attention to Alex because he became a little annoyed. Hey, remember me? I played the piano. Oh, I'm sorry, darling. I guess I was daydreaming. Well, do it on your own time, huh? What, uh, what were you dreaming about? I was just thinking how nice it is being here with you. I wish we could stay here forever. I'd like it too. How long has it been since we've known each other? Oh, a couple of lifetimes. It does seem a long time, doesn't it? It's funny that when you're in love a few weeks can seem like forever. Are you in love? Uh-huh. Anybody I know? Maybe. A funny-looking fellow, name of Alex. Oh, he's a lucky guy. You know, I wish I knew him. Uh, I'm in love too. Hmm, anybody I know? Maybe. She's the most wonderful woman in the world. Who is she? My landlady. You know you're silly. You know I love you very much. Oh, and I love you, darling. Yeah, that's the way it's always gonna be, huh? Have, uh, have you spoken to your husband about us? No, no, I haven't had a chance yet. He's been so busy since he came back. I haven't been able to get him alone for a minute. But you must speak to him, darling. How long can we go on like this? Look, I don't want to see you just one or two days a week in the park.  Don't you think I want that too? Why don't we see him together? Have it out once and for all. I know we can make him understand. Oh, no, Alex, we mustn't do that. You don't know Jonathan. It's better that we do it my way. And it isn't right that you should have to face him alone. Let me go with you. Oh, please, darling, let me take care of it. Just be patient a little longer. I know that Jonathan won't stand in our way. Yes, I knew that Jonathan would no longer be a problem, because now I had the answer. I thought about it for several days, and then decided I'd go through with it. It was a desperate plan, but a woman in love will do desperate things. You see, the plan included Fred Dexter and Murder. I meant to see you sooner, Fred, but it's the first chance I've had to get away since my husband returned. Oh, I didn't know he was back. He got back last week. Are things still the same between you? Yes, still the same. I don't love him, and I'm sure he's not in love with me. It would have been different had you married me, Bobby. I know that, Fred, and I've been thinking about it lately. I had a lot of plans for us. It was going to be an ideal marriage. And then you decided that money was more important. I'm sorry because I know I would have made you happy.  Sometimes if you're lucky, you can correct those mistakes. Would you like to try, Bobby? Oh, Fred, that's what I want more than anything, but it's so difficult. Come here. Come here, sit next to me. Oh, you know how I feel about you.  I can't bear to see you unhappy, darling.  I guess I've always loved you. There's never been anyone else. It's not too late. We'll go to your husband and we'll explain it to him. I'm sure he'll understand. He's got to understand. That won't work, Fred. Well, have you asked him already? Remember the first day we met in the café? I knew then that I wanted you and that I must get away from my husband. I asked him for a divorce that very night and he refused me. I kept thinking about it all the time he was away, and when he returned I begged him again, but the answer is still no. He says he will not divorce me under any circumstances. There must be something we can do. He has no right to stand in the way of our happiness. Do you think I want the rest of my life to be as empty as the past six years? I don't know what to say, darling. I don't see how we can possibly get rid of him. That's it. That's it. That's it. That's it exactly. We'll get rid of him. Fred, Fred, what are you thinking? Oh, I'm just thinking of you, darling. I want you and I'm going to have you at any cost. Oh, Fred, I love you so much. Oh, my darling. It was so easy, I almost laughed in Fred's face.  When he kissed me, it made me ill, but I didn't mind, because I knew this would be the last time I'd ever kiss anyone but Alex. My performance was so convincing that I didn't even have to suggest the murder myself. It was all Fred's idea, just as I wanted it to be. It would take place on a Thursday night when the household help would be off. Fred was to be hiding in the shrubbery at the side of the house. He would have the poker from the fireplace in our library. I wasn't worried about his being seen, because the house was in an isolated neighborhood. When Jonathan came home at 7.30, as he always did, I was to pretend I had a headache and get him to go to the drugstore for some aspirin.  Meanwhile, I was to open the library wall safe and disarrange the furniture. We wanted to give the impression that a struggle had taken place. I would then go to the drugstore myself and make a purchase to establish an alibi. When I returned, I would call the police and tell them there had been a robbery while I was out, and that my husband had been murdered. Simple, wasn't it? A nice, neat plan with no loopholes. This was the first time in my marriage to Jonathan Newell that I wanted him to be home on time. It was exactly 10 minutes to 7 on the night we had set, and the doorbell rang. As I opened the door, I was thinking it was rather nice of Jonathan to be early for his own murder. Bobby! Alex! What are you doing here? Where is he? Where's who? Your husband. I can't stand this anymore. I've got to talk to him. Alex, you promised you'd leave this to me.  But I haven't seen you all week. How much longer do you think I can wait? Please, darling, this is no time to discuss it. Jonathan will be home any minute, and if he sees you here, it'll ruin any hope we have. Maybe he should see me here. But that's not the way. It won't help. I promise you that after tonight everything will be all right. Bobby, that's what you said the last time. You've got to believe in me, Alex. Just give me tonight. All right. I guess you're right. It's just that I love you so much. I understand, and I love you. But please, you must go now. He'll be here any minute. Okay, I'll go. Call me in the morning, huh? I will, Alex. Good night. Goodbye, Bobby. Poor darling thought he was doing the right thing. But actually, he almost spoiled any chance we would ever have for happiness. It's a good thing he left when he did, because just a few minutes later, Jonathan came home. I was sitting in the living room with an ice pack on my head as I heard the door open. Is that you, Jonathan? Yes, Barbara. Well, what's the matter with you? I have a splitting headache. Oh, but we're having dinner with the Vanders tonight. I really don't feel up to it. You go without me and give them my apologies. But Charlie's very important to me. I... Oh, well, if you'd rather... Oh, there is one thing you can do for me, Jonathan. Yes? We don't have an aspirin in the house and the servants are all gone. Would you mind going to the drugstore and getting some? No, not at all. I'll go soon as I dress. Would it be too much trouble to go now, Jonathan? Pain is unbearable. It will only take you a minute. All right, if you insist, my dear. Thank you. As soon as Jonathan left, I went to the library and set the stage. Then I returned to the living room and waited. I suppose I should have felt a sense of guilt, but I didn't. I only felt a warm glow, knowing that I would soon have Alex forever. In a few minutes, Fred opened the back door and dragged the body through the kitchen. He was carrying out the plan perfectly, and I could hear him placing Jonathan in the library. When he finished, he came into the living room where I was sitting. Well, it's done. Did everything go all right? I had some trouble unlocking the back gate. It took a little time, but I finally managed it. Did you put the poker in the room with him? Yes. Yes, and it's a very pretty picture. Would you care to see it? I'll take your word for it. You know, Bobby, I've read about things like this, but I never thought I would wind up doing it. Are you sorry? No, it's not that, darling. I do anything for you with no regrets. That's the way I feel, Fred. No regrets. I guess when you do something for the one you love, you're never sorry. I know just what you mean. Well, I'd better be getting out of here so that you can get to the drugstore. I'm not going to the store, Fred. Huh? Why not? Did you change the plan? Yes. There's something I didn't tell you. Oh, what is it? This. What? What are you doing with that gun?  Oh, look, Bobby. Look, we're both upset and I'm in no mood for jokes. Come on, let's finish what we have to do and get... I'm not joking, Fred.  Bobby, do you know what you're saying? This is what you wanted. What we both wanted. Your husband's out of the way. We're free. We can be married. I intend getting married, but not to you. But I thought... Of course that's what you thought because that's what I wanted you to think. I've never loved you. I never could. And why did you lie to me? Because you were interesting for a while. After five years of Jonathan, anybody would have looked good. It just happened to be you. But then I met someone else, someone I love very much. And I realized I needed you more than ever. But for this...  I'm afraid I do, Fred.  You might even go to the police and give us both up because you can't have me. I can't take that chance. You'll never get away with it. I'm sure I will. I figured this out very carefully.  Oh, I'm afraid I'll have to shoot you in self-defense. You're insane. They'll never believe you. Look, Bobby, look, I'll go away. I'll never tell a soul you'll be clear. I promise I'll never... Operator, give me the police. I'd like to report a murder. I knew exactly what I was going to say to the police when they arrived. Yes, for a moment I was very happy and quite pleased with Barbara Newell. Everything had gone smoothly exactly as I had planned it, except for one thing. I should have looked at the body of my husband. If I had, I might not have been convicted of murder. You see, my scheme would have worked perfectly, but I overlooked a very important point. It hadn't occurred to me that Fred had never seen my husband, Jonathan, and the man he killed coming out of the house was Alex Maynard. Suspense! Self-defense starring Marsha Hunt, presented by Roma Wines. That's R-O-M-A, Roma Wines. America's largest selling wines. When you serve your favorite Roma wine, you enjoy the rich reward of nature's treasure, selected California grapes, gently pressed at their peak of goodness. Then, with ancient skills and unmatched wine-making resources, Roma master-ventoners guide these natural juices unhurriedly to tempting taste perfection. These Roma California wines are placed with other Mellow Roma wines to await later selection from the world's greatest reserves of fine wines for your pleasure. If you are expecting friends this weekend, give everybody a treat. Serve glorious nut-like Roma sherry, fruity Roma port, or Mellow Roma muscatel. Enjoy the better taste that has made Roma Wines America's favorite wines. That's R-O-M-A, Roma Wines. Marsha Hunt may currently be seen in the United Artists film Carnegie Hall. Tonight's suspense play was by Arthur Julian and Howard Leeds. Next Thursday, same time, you will hear Dennis O'Keefe as star of... Suspense! Produced by William Spear for the Roma Wine Company of Fresno, California. This is Truman Bradley with today's reminder from Roma. Your community chest supports supervised children's recreational centers in neighborhoods and youth organizations. These are red feather services needed by every boy and girl. Keep them going. Give now. Give generously to your community chest. In the coming week, suspense will present such stars as Louis Jourdan, June Havoc, and others. Make it a point to listen each Thursday to suspense. Radio's outstanding theater of thrills. This is CBS The Columbia Broadcasting System.


We want to be exposed to this consumer growth in this part of the world where we aren't yet and we're going to take a risky leap of faith that we're going to be able to survive in the regulatory environment and that our shareholders are not going to be very concerned that we're changing our business model. They said we want to be a part of this growth. The minute those big multinationals or when GM started investing in auto plants in Russia or when when when Lennar and some of the big home builders started investing in Brazil and investing in essentially building homes for the new middle class coming up in the rest of the world. I mean this is this is the exciting part about our industry right now which is where you know you this is I think our conversation to tie a thread around where we've been talking for the last few minutes is we've seen this before at other times in investment history and we've seen it in other places where you had a consumption trend that was very exciting and big sophisticated players came into a small pool and right now it's still kind of a small pool not only because of the size of the investments in the companies but it's made smaller because the regulatory environment is very restrictive and it keeps people out and has kept out a lot of these big players but they're they're coming they're going to be here. Someone's opinion may contradict yours. Where's my friend Alan? It's all about your perspective. Who are we and what is the nature of this reality? Five, four, three, two, one. Hey everyone, welcome to Simulation. I'm your host Alan Sakyan. We are on site at the beautiful New West Summit, The Cannabis Tech Conference. We are now going to be talking with Timothy Seymour. Hey Alan, how are you? Good to be here. Good to be here. Thanks so much for coming on. What an event, huh? What an event, yeah and what a panel you were just moderating as well. It was exciting. It couldn't be, it probably always felt like this but it couldn't be a more interesting time to be talking about investing when you've completely done a 180 in terms of sentiment on hey let me throw every dollar I have into this high growth area when in fact a lot of money's not been returned and won't ever come back. So interesting times to be an investor because I think it's it's the the reason for us all to be here has never been more exciting and there is execution and there are companies doing great things. There's also a lot of companies that just have not executed, took a lot of money in and will never fulfill the promise. Wow and yeah sorry about that. It was a very sober start to the day. It's a sober start. Yeah and it actually kind of also reminds me of like 10 years ago with the decentralization movement as well and cryptocurrencies because we want to leverage the technology of decentralization and we want to leverage the technology of cannabis for ascension and if we're using it to try and just make the quick buck along the way it's it's so let's jump into this. Tim's background is so interesting. Founder and chief investment officer of Seymour Assets Management and you've been just 22 years of investment experience portfolio manager. I mean let's talk about dating myself. It's okay. You got you got some good things that come with age. Yes experience is the wisdom.  You started taking us down this path yeah what are you currently seeing happening? So and I'll frame it within my lens and my lane as an investor and when I show up at a great event like this and I talk to investors that are also either new to the asset class I try to point out that as you referenced either with crypto or maybe it was in the late 90s with dot-com but my my background is in emerging markets so new asset classes if you will and it's a case where some of the dynamics in terms of the size of the market the lack of liquidity newer companies corporate governance risks all balanced against this wonderful exciting growth story for this you know not just post prohibition blah blah blah that everybody can talk about but really truly a consumption story that is going to be staggering and and people tend to throw darts a little bit about the size of the addressable market but will you all know when you add in adult medical wellness lifestyle crossover ancillary all the different elements of support I mean there's a there's a lot of people in this country that are going to be working in this industry in some capacity and that's so exciting because it look for those of us that have been part of the early stages here there is a small sense of not only is this a very viable interesting exciting area but there is a level of social responsibility there is a level of of I think you know not just trying to make the bucket all costs and and that's not every company and every investor and every leader but there's a lot of that here and that's great but but but it wouldn't be happening if there wasn't a huge opportunity for for the addressable market across multiple demographic groups across multiple geographies across multiple product classes so for me I come about this as a guy that's used to investing in new asset classes I lived in Russia I invested in in emerging markets and in Brazil and in China in the earlier days before a lot of people were investing in those markets so a lot of the a lot of my instincts for investing in those markets are the ones that actually work pretty well here wow so you actually had background of seeing emerging markets in brick the Brazilian yeah listen to you so yeah you had that great time with seeing emerging markets build up in brick countries and also be able to again just see the vision of what was going on from kind of like a big top-down macro perspective and and see what failed what succeeded right and so now I want to see then what were maybe some of those similarities and what was happening in the past couple of decades with the emerging markets and also with what like we talked about there's this in there's this spiritual uh uh dependent like we have to be uh we have to have a deep ethics so it's got to be some accountability there's got to be accountability socially there's got to be accountability regulatory wise and and compliance wise I mean there's there certainly needs to be adherence to a very strict set of rules and and the cannabis industry for the most part companies that have grown up in this industry have have their DNA is to be more compliant right I mean people embrace are embracing the regulatory environment obviously there's certain of the parts of the regulatory framework we want to to to change you know to to lighten up on and they include some of the banking dynamics some of the the capital markets dynamics some of the the interstate shipping dynamics but but like at the end of the day these are companies that that I think are probably embracing it but that the people that are investing in this industry so getting back to kind of we're all part of something I think you know I think there's some recognition that there's adherence to a set of values that are important and and and I'm not just saying this I mean I've been I go to a lot of conferences and I meet a lot of investors and it's not shouldn't be a terrible surprise but that you know in in like in San Francisco this is this is a this is a heartbeat part of the industry and and there's a lot of focus on doing the right thing and giving something back while you're taking something from it and and social justice and and and environmental environmental for sure all of it so I you know that's that's nice but if it didn't if it doesn't make sense from an economic perspective and it doesn't make sense from from really a pathway to growth it's it's not going to work anyway so that they have to be combined yes yes it's also as you kind of walk us through this again this like macro perspective especially on like an emerging market of cannabis there's a whole bunch of regulatory stuff I mean with crypto we also saw a whole bunch of changes now and regulatory stuff that are going to be happening but it's it's like a little bit different with just like in a sense like if you're just upgrading like from a like gasoline combustion engines to electric engines you don't really need regulatory things a little bit on maybe incentives of sorts to transition people right but this is completely different we're talking like you said shipping across countries we're talking certain lots of countries still illegal in those countries so yeah so let's talk about how like yeah what where will regulatory things have to change in order to maximize and you were talking about there will be so many jobs that emerge from people getting work here and holding accountability so yeah so let's take us down like the regulatory well the regulatory area is one that first of all needs to to adjust to make companies have the ability to succeed so that means adjusting the regulatory framework as it exists around accounting so how companies actually record their business for taxation purposes so you know section 280e is a part of the tax code that basically still counts cannabis producers in the same way as folks that are creating and producing illicit drugs and things that are I think significantly fundamentally different but but what that also means or people that are involved in federally illegal industries it could be running guns it could be anything and so the tax law says anybody who's involved in a schedule one something cannot subtract cost of goods sold and have traditional accounting metrics that allow them to actually be profitable effectively so so there's a case where just some of the regulators need to need to make it possible for companies that have a great retail footprint and are trying to you know operate in sometimes what's a relatively low margin environment have the ability to succeed there's the whole banking dynamic one of the things we're seeing in the capital markets today and a big part of our investor panel today was was how it's it's a painful painful bear market right now in in the public markets for the publicly traded stuff a lot of its canadian some of them are a lot of them are us frankly because israeli now also some of the israelis as well yeah i mean there's a couple australians but but the ability to raise capital in some of the deepest most sophisticated capital markets and pools of capital in the world which is the united states of america this isn't just me waving a flag this is just a fact so these are companies that cannot do that in a traditional way they're very smart very risk aware investors that are sophisticated that want to invest in the sector understand that it's not you know a straight pathway to to the pot of gold but understand the but they they can't invest in it because of the federal dynamics so what that's doing is it's keeping big pools of capital out of this market and it means that after an initial burst of enthusiasm and excitement by high net worth and prep private banks and non traditional institutions which raised a lot of money for the industry those folks are tapped out there's no new capital coming into the industry there's been very there's been no new capital that's coming to the industry for i would argue six to nine months and you're seeing it in the way these companies are trading they're trying to come to market they need growth capital a lot of these companies are in capex and opx heavy businesses in within the industry which is inherently a kind of a high capex growth industry any industry that's a growth industry is capital intensive i mean look at netflix they're still not making money you know so and it's netflix so this has put a crimp on the entire investment landscape and it's so it's back to the regulatory framework you're asking me about these are the things that need to be adjusted and there was some recent regulation that went through the house on what's called the safe act which will give investors will give companies the opportunity possibly to at least bank normally so to have credit lines to actually be able to do traditional payroll to actually keep bank accounts this is more so that people aren't walking around with suitcases of cash and that you know people who are interesting so wells and the bank of america can have cannabis companies they can't they they will be able to if this goes phase one was getting through the house cool and and now this bill is is going to be read in the senate at some point i think in the fall interesting okay so this uh maybe in a macro way this can be thought of as going from the old codes as emerging markets erupt is to as quickly and also intelligently as possible adjust to the new codes that enable the emerging market to actually rise and succeed and i also liked yeah all the way from basic accounting stuff like safe back to all the way up to geopolitical like how do you take this big pool of venture money that's really wanting to get involved and enable it to get involved so is this usually like the thing that happens is that it's just like a period we've seen some of some of these uh phases i would characterize as very similar so if we're going to take our same you know kind of metaphor metaphor and comparison to emerging markets we i think we have seen some of this before yeah an example for for me was uh when i was living in russia the state gas company gas prom is the biggest gas company in the world and and at a time when investing in natural resources was a very big investment trend in the early 2000s through really through the financial crisis there was this sense that you know the world was growing china was consuming more all these you know asian countries and south american countries and younger populations middle eastern countries were consuming needed more money so anyway people started investing in commodities back to russia and gas gas prom was one of the most interesting investments for a lot of global investors but as a non resident investor a non resident of russia investing in a russian company required a a a a shell and a structure and a creative solution which is what's going on here too so you know my investors sitting in new york or sitting in boston and some of the big mutual funds or some of the big heads funds that are sitting out here in san fran or la you know they're like tim i want to on gas prom how do i do it we had to create a legal structure that allowed them a participation in a we set up a russian company because i actually worked for a russian bank now we don't need to get into the weeds of this but the point is that ultimately there was a lot of capital that could never invest in russia because a lot of the state-owned companies you couldn't invest in there was a it was a federal dynamic in russia um there was a time in russia think about um the friction less is something that we could maybe say efficient yeah the more efficient yeah and and think about think about uh if you're a cannabis investor and you've been watching this industry for a while and you've been watching how canada certainly had a a head start and um in terms of the capital markets arguably i think probably this area would argue we were we were the ones that started this industry in a real way in this country and in in north america but but um i remember where i was the day i heard constellation brands was taking a a majority ownership stake or had the optionality to do that in canopy growth i remember where i was i was remembered looking at the markets i was it was staggering and shocking i said okay here we go we're going to see every major consumer products company come in because why wouldn't they yeah um and in in constellations perspective i don't think this is about thc infused beverages and an alternative to their beer market and i don't think i think it's more about diversification of portfolio i think it i think it is i think it's i think i think constellation is a global consumer products company that that is a very sophisticated brand and distribution play so so back to so then then there's the reliability the accountability like totally yeah diversifying the portfolio but are there's there also that ethical or moral or spiritual alignment with ascension as well not just the buck making well i mean you know i i feel like we're in my sunday school class right now man i you know i i i teach fourth grade sunday school by the way so yeah i talked about the ascension but but but to but the point i'm making is a company like constellation raises the bar for the entire industry um but it also at that time it drove valuations way higher because everybody said who's the next one to come in and of course you know mulson cores did a jv with hexo and anhyzer bud did a jv with tillray and so every some of the biggest most sophisticated consumer products companies in the world a lot of them happening to be associated to the spirits industry but i'm just you know back to my metaphors i remember when when telonore which is norway's largest phone company decided to buy up gsm basically sell mobile licenses in eastern europe and they started buying them in russia and they started buying them in turkey and and basically it was again a global multinational saying we want to be exposed to this consumer growth in this part of the world where we aren't yet and we're going to take a a risky leap of faith that we're going to be able to survive in the regulatory environment and then our shareholders are not going to um you know be very concerned that we're changing our business model they said we want to be a part of this growth the minute those big multinational or when when gm started investing in in in auto plants in russia or when when when linar and some of the big home builders started investing in brazil and investing in essentially building homes for the new middle class coming up in the rest of the world i mean this is this is the exciting part about our industry right now which is where you know you this is i think our conversation to tie a thread around where we've been talking for the last few minutes is we've seen this before at other times uh in investment history and we've seen it in other places where you had a consumption trend that was very exciting and big sophisticated players came into a small pool and right now it's still kind of a small pool not only because of the size of the investments in the companies but it's made smaller because the regulatory environment is very restrictive and it keeps people out and it's kept out a lot of these big players but they're they're coming they're going to be here well okay so could it then be safe to say that with emerging markets progressing that the the smaller emerging markets slowly thanks to regulatory frameworks opening up it becomes uh there's more funding that comes in and the funding can come in from some of the bigger players driving up valuations so this is kind of a reoccurring theme that comes up and then more and more jobs open up the economy continues to grow um the people get more work from it people get like in for the benefits of of a cannabis it could be for textile purposes for medicinal purposes all the benefits of that wellness side and so then die so then the uh this is so with with the big players coming in driving up valuations and also it's kind of interesting thinking about like the little combinatorics of like Canada or Israel or the United States or like other even more constrictionist markets like like a Chinese market that what would it look like for 1.4 billion people to gain access to right cannabis as a wellness if it happens well you know we talked about this on our panel today one of the investors talked about how the the Chinese hemp markets are really kind of the exciting new frontier out there in terms of the sheer scale and the ability of you know the growing conditions the labor force I mean they will be producing probably a majority of the world's hemp whether whether it will be exported back here you know and China's been doing this in other agricultural markets as well even though it you know this may be an evergreen moment in time this interview but I mean if we snap to the trade war that's going on right now you know it's about is Chinese buying enough of our soybeans and I don't think the Chinese are going to be buying our hemp I think the Chinese are going to be um growing their own hemp and that's you know that is part of the excitement of this being a global market and interestingly enough potentially used for uh the purposes of us like as an economic commodity and not necessarily as an industrial commodity and not necessarily as a uh as an additional consumption yes wow so could be banned in that sense as a consumption and could be hard enough hard to know that would be also crazy to see if a country would do something regulatory like that where it would just be for an industrial commodity and not for think about um some of the far eastern medicines though I mean think about what people in this country have adopted in terms of non-pharmaceutical wellness products that are have originated from China I mean we're talking about things like kinko and and but but if you go into a lot of the wellness stores holistic medicine uh eastern medicines are I mean I would think this would be kind of a symbiotic dynamic in China I realize China is going to be uh highly regulating any consumer product and consumer uh you know access points but I I actually think that hemp products for consumption and for wellness and you know cannabinoid you know research and and and development for these products even in non-thc I think is is it to me it makes sense with based upon where China has come from on these non-pharmacological medicines so okay let's do uh yeah we just came back from partnership interviews in China and we loved our experience there and it would be so cool to see how maybe a more uh a collaborative and harmonious relationship with a with something like cannabis could happen around the different countries and the frameworks around the world so this question is then about oh there's a couple more a couple more questions um this one is on moving into like uh let's say like a decade down the line regulatory frameworks have opened up the old codes are archived and the new codes are implemented uh now uh maybe it's even a very serious opening up of of um of the the the micro investment side for uh for the young uh uh short change dogs to come in for a hundred thousand a hundred or a thousand dollar investments into into these organizations does it seem like then uh that that is and like the job market and the way that people could even though AI comes in and does things like take away uh some of the work around maybe retail or automotive or manufacturing and these other industries call centers and stuff but does it open up jobs and cannabis what do those look like what do you think well I I think if this develops the way people want it to develop the unfortunate part of that is it's it's going there's going to be you know technology is also going to drive a lot of disruption yeah so it's no different than a lot of consumer products and it's going to make the supply chain more efficient it's going to make the the the marketing and the distribution and the the consumer uh you know understand the consumer tastes and preferences and and obviously building data pools that are based upon consumption trends and and that's just to understand who's going to sell what to who but in terms of production in terms of distribution and in terms of you know all the logistics and ERP I mean so it you know the the good and the bad news here is we want we we want those cannabis jobs at some point if we want this to evolve to get disrupted it has to happen and so what makes the cannabis industry so interesting right now is as a consumer product it's it's popping up on the shelves uh or through amazon going down the same road and sitting not necessarily right next to on the shelves is you know Oreo cookies and and you know Wheaties but but I mean consumer products um are being distributed to consumers in very sophisticated ways through very sophisticated means based upon very sophisticated consumer marketing research based upon data so why is cannabis going to be any different in fact that's why it's moving at warp speed because while those tech technological developments and and pinpoint focused on certain industries and disruption are changing other industries cannabis is being born and those things are changing cannabis at the same time so it's moving twice as fast and that's that's good news but it's probably scary and it's hard to you can't think that cannabis is going to be able to kind of keep this holistic um you know kind of organic localized uh community that's not disrupted by big business so well we've not seen emerging markets rise with artificial intelligence until now and uh so now it'll be cool to see what those two rising simultaneously look like also um on especially like this is i'm really interested in your perspective here if then uh as emerging markets have historically risen uh big dogs come in swoop majority of initial investments and profits from that and later uh makes it easier for smaller dogs to come in and get maybe breadcrumbs let's say right um would you then say that the future it'll be really important to do things like open up the investment for the small people around the world to do these micro investments 10 bucks 100 bucks a thousand bucks in uh to try and uh spread the the fruits uh yeah i think i think uh if you think about um you know different types of uh landing platforms and you know vc kind of you know for the masses raised platforms we've seen a bunch of them um in in pretty traditional investment in and vc private equity worlds i think expecting that to happen in cannabis is is is appropriate and it will um i think one of the reasons why we like the sec and one of the reasons why there is regulation for all investors of all asset classes is because you know with with more immature industries with highly speculative uh stuff where there is a lot of hysteria and there is a lot of public interest and there's not a lot of information um this is actually these are the times we want our government to protect us i know a lot of us would rather have less government i'm probably one of them but um i think to expect uh cannabis investing for the masses for the small dogs to to take the place of the same way they can get involved in and you know some kind of a a technological process or investing in tesla or you know whatever it is and and and things that seem to be leading edge and exciting socially conscious that's all great um and i think that will happen in cannabis i just think we the industry in the capital markets and the the investment uh infrastructure needs to get more sophisticated before you can let these nickels and dimes and small dogs in and i think you're doing it's it's in there it's in their best interest i think yeah yeah and it's just difficult to figure out how an sec would possibly be able to make it so that ten dollar investments can go in our hundred dollar investments and so actually private companies have went and taken on the initiative to buy in 50 million bucks into one of the big space x's and then redistribute out 50 dollar bids into that pool i think that stuff so awesome democratizing um financial investment i think is such an important part of financial literacy um eradicating poverty uh yeah and uplifting people around the world um there's stuff yeah yeah the two last questions that we ask all of our guests on the show okay first one is do you think we're in a simulation you and i yeah are we in a simulation no we're having a conversation my friend we're just uh um you know but you tell me are we in a simulation this is a very interesting question that we like polling what are we defining a simulation this is another great question how do you define it yeah because uh let's think about technology okay technology itself getting towards super intelligence is able to create simulations of civilizations of again just big bangs and universes and watch their evolution and how is that not already what this potentially is well we are um i think what's wonderful about this industry is there are some elements as we get into both science and and um how people are processing information and the impact of cannabis and cannabinoids and some of the sciences we don't really know what's going on one of the powerful and exciting parts of it's a sub vertical of everything we're talking about is that from a science and research perspective the power of the plant and the power of the usages um are you know so being able to actually get into literal simulations of of truly where we can go with with the technology is part of uh you know why i think a lot of us are here um so you know i i think there's there's a literal translation to this there's a figurative translation to this for an industry that we're kind of trying to figure out where we're going and and the implications it's changing society on some level let's let's uh change medicine let's also tie that into what we were just mentioning how could there's a sec there's code there's the counting code there's the safe act code right what if you deployed that code update in a simulation of the united states economy and watched its evolution for five years before you actually did it in the physical world so that's the kind of stuff potentially that you could leverage with the the technologies i think we should we shall we will we probably are but but in the same way in my first job out of business school i went through a training program at ubs and they gave us market simulators and they gave us different inputs um yeah and and to see you know how we were going to manage and assess you know assets during um you know this this macroeconomic number hits the tape um what are markets going to do and so i mean i i think we can do that um but it's in a vacuum i mean i and i realize simulations have become a lot more sophisticated so um even the market simulations that one might do at a training program at ubs coming out of school today is different than what's probably seeming pretty archaic to the one i was taking a time that seemed very innovative and edgy but um decades from now but but but but there's no question whatever we can simulate today is is going to give us information on tomorrow accepting it as gospel i think is is would be scary and the last question we like asking is what do you think is the most beautiful thing in the world the most beautiful thing in my family i mean i you know the the relationships that people have with each other um i think growing into uh you know coexistence in the human i mean people at different times in their life cycle are uh more or less comfortable in their own skin and watching people um and having people get comfortable in their skin together and growing together but that that comes that to me happens in a family environment right so i'm a father i've got kids uh my kids are you know six and 11 and to me that's the most beautiful thing in the world because unfortunately uh some of the some of the the the oxidants of the world haven't hit these kids yet and and you know you try to you try to keep that as pure as possible but i i really do think to me the things that make me happiest are human interactions so yes my family yes you know people friends whatever communities and so that that to me is where beauty is derived i love that the relationships and then also that the comfortability in the skin evolving uh over time yep in our own passion and people change people evolve i mean they evolve as people they evolve in their comfort levels in society and hopefully for the better i mean i think yeah you know wow as a 20 year old i was very different very different yeah yeah i was really cool but i was really different i'm just kidding yeah so i thought a lot a lot more time to have soaked in the reality that we're in and become wiser and more knowledgeable and yeah and this has been such a pleasure thank you for coming on the show really appreciate thanks everyone for tuning in we'd love to hear your thoughts in the comments below on the episode let us know what you're thinking check out the links below to tim's work check out the links below to a new west summit support the organizations the artists the entrepreneurs the leaders around the world that you believe in you can support simulation our links are below as well and go and build the future everyone manifest your dreams into the world we love you very much thanks for tuning in we'll see you soon peace