Factors affecting consumption and saving, real interest rate, substitution and income effects. Dear students, in the last modules we discussed how current income, future income, or change in wealth will affect the decision of consumption and saving. Today we will discuss how the change in interest rate will affect consumption and saving. Interest rate is actually the price of current consumption in terms of future consumption. This means that in terms of future consumption, we spend 1 plus R times rupees. If we are spending 100 rupees today, then tomorrow we will not be able to spend 110 rupees. If the interest rate increases, then the price of current consumption will be 120 rupees. In this way, interest rate determines the price of current consumption in terms of future consumption. So, if there is an increase in the interest rate, how this will affect your current consumption and saving? We will study this in two ways. It will affect income effect and substitution effect. We have already discussed that these two effects will move in the opposite direction. What is substitution effect? Actually, when the interest rate increases, then your saving will positively affect. Why will it positively affect? Because the reward of saving has increased. Today we are saving 100 rupees. In the future, you will get more money than before. So, the reward of saving has increased. So, individuals will save more. We can also see that individuals will substitute their current consumption in terms of future consumption. Because future consumption is now relatively less expensive. Current consumption is expensive because R is the price of current consumption. By increasing R, current consumption becomes expensive. And whatever becomes expensive, individuals use it first. So, current consumption will decrease and this means that its current saving will increase. So, what will happen in the result of substitution effect? By increasing the interest rate, your saving will increase. The second effect is the income effect. When the interest rate increases, then the consumer will feel richer or poorer than before. What will this depend on? It will depend on the fact that if an individual is a net saver, then he will feel richer than before. Because now the reward of saving has increased. And if he is a net borrower, he has taken a curse. So, because of increasing the interest rate, he will feel poorer if he has to pay more than before. So, if he is a net saver, what will happen in this situation? The income effect will be negative on the saving. How will it be negative? By increasing the interest rate, he will feel richer than before. Whenever he feels better, he will increase the current consumption. Increasing the current consumption means that the current saving will decrease. So, by increasing the interest rate, the current saving will decrease due to the income effect. If you recall, what happens because of the substitution effect? By increasing the interest rate, the current saving increases and the income effect decreases. So, in this context, I told you that you will move in the opposite direction of each other. And if he is a net borrower, then what will happen? The interest rate has increased due to the net borrower. Before that, you have to pay more than before. He is feeling poorer. He will have to save more. He will reduce the current consumption and increase the saving. So, if you link this with the substitution effect, the net saver or the net borrower increases due to the increase of the interest rate. But here, because of the income effect, the savings are increasing due to the borrower. So, these two are moving in one direction and the income effect is moving in the same direction, while the saver or the net borrower will move in the opposite direction. So, what will happen with the net effect? Obviously, in the saver, the theory does not tell us what will be the net effect. The net effect will depend on which of the two is stronger. If the substitution effect is stronger, then your saving will increase and if the income effect is stronger, then your saving will decrease. But in the case of the borrower, the theory is clear that the savings are increasing due to the substitution effect and the savings are increasing due to the income effect. So, the net effect will increase in the saving due to the borrower. The income and substitution effect will be clear in the same direction and the net saving in the same direction will be ambiguous in the same direction. What will happen to the national saving? In the national saving, both the borrower and the saver will also be added. So, the theory cannot tell us what will be the overall effect. To see this, we will have to go to the empirics. We will have to see empirically what data shows. So, unfortunately, data does not give us a clear picture. It gives us mixed results. But normally, when the interest rate increases, then the aggregate savings will increase but there will be no strong effect. It will slightly increase. Thank you very much.


One of the best bits of advice I could give you is there's a time and a place and a mindset for everything, right? There are things that you should do at certain periods in your life that you will never ever be able to do in the future and vice versa. There are things you can do in the future that you wouldn't have the opportunity to do when you're younger, right? That's why it's really worth seeing the whole thing through, right? Those people who get stuck in their loop at a certain period in their lives have lost the understanding that what makes life is change, right? That's the definition of life, change. Link it up to calculus, the rate of change. That's really introduction of time into mathematics into calculus, which is the introduction of life into mathematics, right? That's when mathematics really transitions into looking at life, right? Studying the rate of change, mathematics studying life, right? For those that get stuck in their mindset in a loop at a certain period in their lives have lost the ability to do calculus, to do mathematics, right? Some people would say this is by design, by centralized power, the controls or education system, right?  So there's things that you should do when you're younger, that you won't be able to do when you're older and the other way around. So it's okay to come to that realization in your life at a certain period and go, okay, you know what? I push this as far as I can. I'm gonna walk away now and look at that period with fondness and see what else life has for me, right? And as you get older, you should always look forward to the next new phase in your life, okay? Very important, very important.


Hi everyone, Sean with jaspyscasebreaks.com here doing a 2017-18 Panini Noir basketball two box half case break random teams number two So we've got the full list of customers here whether you bought straight up or won a spot in here Congratulations on those and thank you for being a part of this all these spots were won in prism 100 pack and Drew Kerr here with the last spot mojo Here are the teams from the Hawks down to the Wizards. We're gonna dice roll to see who gets what four into three seven times one two three four five six seventh and final time Jeremy Port Down to Sean Maddock and now seven times on the teams one two three four five six Seventh and final time From the Phoenix Suns down to the Detroit Pistons make this a little bit easier to see There will be a trade window so Jeremy Port Phoenix Suns Jason Warner with the Celtics Michael Lopez with the Wizards Travis Moss with the Bulls Adam Levy with the Nets Drew Kerr with the 76ers Oliver with the Knicks Jinhee Kim with Thunder Richard Martinez with the Timberwolves Brian Cowell with the Rockets Jeremy Moller with the Nuggets Kevin Mendoza with the Grizzlies Jinhee Kim with the Mavericks Aaron Schruppke with the Jazz Summon Kim with the Spurs Sean Maddock with the Blazers Michael Lopez with the Cavaliers Jennifer Jones with the Warriors Summon Kim with the Kings Jeremy Port with the Hornets Jinhee Kim with the Pelicans Kevin Mendoza With the Bucks Jeremy Agno with the Clippers Jeremy Chiakles with the Lakers Jason Wainer with the Raptors Oliver Soria with the Hawks Summon Kim with the Heat Jinhee Kim with the Pacers Jinhee Kim with the Magic and Sean Maddock with the Pistons Let's go ahead and sort this by team and it's 17-18 so Rookie opportunities Aaron Schruppke there with the Jazz obviously Donovan Mitchell Boston set the Celtics Jason Wainer with the Celtics and Jason Tatum so So it looks like we've got the 76ers up for trade. We've got the wizard up for trade Nuggets up for trade So we'll pause the We'll pause the recording while the trade conversations go on and once we're back. We'll have everything straightened out Okay, everybody. We're back. There was some trade talk and one deal didn't get done Jeremy Moller is going to be trading out of the Denver Nuggets spot and into the Philadelphia 76ers spot while Drew Kerr It's going to be trading out of the 76ers spot and into the Denver Nuggets spot We'll add a little tee on the end just so people know That was a trade so we can track trade mojo So there you go. So let's print and rip Jeremy 33 as that's printing out. You'll see this is the second half of this case So you can see the number two that Joe wrote on these last two boxes From what the chat said First half wasn't the craziest. So let's see if Second half can make up for all of that Here we go. I had to grab my handy-trandy trusty blade. Oh That's not bad Yeah, bam on a bio rookie auto. I'll take that and the postman on him People made it sound like it was terrible. Oh the redemption Is this kind of like the first like this year's noir where it's kind of janky in the box? I know the black edges on these can be pretty sensitive. So Anything to help out with that? Okay, so base and parallel Russell Westbrook 25 of 79 for the Thunder That's going to Jinhee Kim and then Markel Foltz 12 of 79 for the 76ers Jeremy Muller trade mojo Strikes first DJ Wilson relic new way of jerseys for the Milwaukee Bucks Kevin Mendoza relic for the Detroit Pistons Kelly Trapuca number 90 of 99 Sweet old-school mustache on that one Oji on a newbie 44 of 99 Toronto Raptors Jason wainer That Kelly Trapuca for the Pistons was going to Shawn Matic Jordan logo Dwayne Bacon for the Charlotte Hornets Jeremy Port look at that That's pretty cool looking Jump man. We have another Redemption, so we'll say that to the end Gold ink auto Reggie Miller for the Indianapolis Pacers spotlight signatures That's numbered 56 of 125 Indiana Pacers Jinhee Kim next up Devin Booker Gold ink auto Phoenix Suns Jeremy Port Very nice. He's killing it in the bubble Number 89 of 125 very hot box and Last up gold frame split screen for the Los Angeles Lakers Kareem Abdul-Jabbar and Magic Johnson Number 23 of 25 LA Lakers Jeremy Jeremy Chiakalus Congrats, man. That's a beauty and Redemption Pinoir basketball rookie patch autograph black and white card number 326 Milo's Tia dosik. I want to say Portland Big checklist Clippers So that's going to the Los Angeles Clippers and Jeremy Agnell. So second box Good first box. See if the second box can match it First up Jared Allen Brooklyn Nets Adam Levy 78 of 79 Next up DeMontes Sabonis 60 out of 79 going to the Pacers Jinhee Kim patch West a Wundoo for the Magic Jinhee Kim, that's numbered 74 out of 99 with the pinstripe there box office relic Tristan Thompson for the Cleveland Cavaliers number 20 of 49 Cleveland Cavaliers going to Michael Lopez Triple relic. So we're going to be randomizing. Oh, wait. No, not randomizing three different active. Yes, it is three randomizer teams Kevin Garnett With the Timberwolves the Nets and the Celtics all three teams listed. That's numbered 71 of 99 So that's going to be randomized between the Celtics Jason Wainer the Brooklyn Nets Adam Levy and Minnesota Timberwolves Richard Martinez will randomize that card at the end One player three teams We have another randomizer and this one's going to be Donovan Mitchell and Bam Adabayo two-shot rookie jerseys numbered five out of 99 so that's going to be between the Utah Jazz Aaron Schupke and Bam Adabayo the Miami Heat Soon Min Kim SPC personally will be coming up later on tonight on here with it will bring over the Instagram camera But as of right now they are not Brian Scalabrini Noir Otto 96 out of 99 for the Boston Celtics and Jason Wainer D'Angelo Russell spotlight signatures gold ink for the Brooklyn Nets and Adam Levy That's numbered 104 out of 125 Last two hits here guys You've got Markel Fultz Gold ink Otto for the Philadelphia 76ers and Jeremy 33 Trade mojo there Congrats Jeremy That is 119 out of 125 See if he can have a resurgence in Orlando and last up Not a hit, but Victor Oladipo six out of 25 Indiana Pacers Jin heat Kim. That's that we've got two randomizers to do real quick overall two nice boxes You can see on here the Milo's Teodosik Quippers so Let's add one more list here the first randomizer is the Kevin Garnett which is between the Timberwolves The Nets and the Celtics and the second one is going to be between the jazz and the heat We're going to use the same dice roll for both. So let's get a new dice roll here Five and a five ten times on both one two three three four five six seven eight nine 10th and final time going to the Timberwolves team he was drafted by Kevin Garnett Minnesota Timberwolves. That's going to you Richard Martinez and Now ten times on the Donovan Mitchell Bama to bio do old Jersey one two three four five six seven eight nine 10th and final time to the heat Bam on a bio Miami heat Sun Min Kim And guys that is our break That was 2017-18 Pinini Noir basketball two box half case break random teams number two. I'm Sean Jasper's case breaks calm. We'll see you next time


Good afternoon to all. Thank you very much for the kind invitation to join this very interesting discussion. My take will be on climate.  And then my recent experience as in working science policy interface in Brasilia for the last three and a half years. Let me start by making a very strong statement. Tropical forests face a critical dilemma now and for the coming decades. Even if tropical nations and Brazil is doing a lot along that direction, other nations as well, succeed in cutting down the forestation to near zero in the next, let's say, yesterday's commitment by 2030. Unchecked climate change may wipe out all the gains over the course of the next 30, 50 years. I think this is very profound and very worrisome. And I will talk more about that. So basically, as we know today, two days ago, Global Carbon Project released the latest carbon balance for the planet. And you know, whereas in the early 90s, land use change emissions in the tropics accounted for 25% of global emissions. Today, it's only 8%. So this is very important. We should pay attention. It's very critically important to protect the forests, but perhaps less and less so for emissions, more for many other reasons than biodiversity and environmental services, other environmental services besides carbon. So this is a very, I just want to provoke you and to shock you that it's more than protecting the forest. We must reduce global emissions. That means fossil fuel emissions. Let me, let me see if I can make, okay. First on the climate science, and why am I saying that? Of course, it comes from many theoretical modeling studies in which there is an indication that there are tipping points. This is particularly for Amazon, and I apologize. My focus will be the Amazon. But I think the Amazon illustrates what's going on for all tropical forests of the planet. Basically, for the Amazon, there may be what we call two stable, biome climate equilibrium, stable states. One that's the current one forests, dominating all of the Amazon you see on the top diagram. This is stable. You can perturb that equilibrium a little bit here. Droughts or floods or more rain, less rain, and it will go back to a forest cover. But there is another stable equilibrium, which is represented in the second diagram.  Warmer temperatures, longer, dry seasons, and then a savanna will become also a stable climate.  This is from theory, from modeling and from theory. And if you perturb and you transgress and reach the second state, then fire and droughts will make it even deeper. Deeper drought means a very stable, robust equilibrium. So this is a theoretical possibility. However, many observations in the Amazon, including control experiments, like in northern Montogrosso by Ipun, setting fire, seeing what the effect of repeated fire and droughts are showing, that this hypothesis, so-called savannaization hypothesis, is real, is something we should worry. If you perturb the forest, a combination of fire, land use, and droughts, you may tip the balance. And many studies indicate that those thresholds should not be transgressed. 3.5 degrees and warming. The Amazon has warmed one degree so far. And the forestation limit threshold is 40%. We have the forest in the Amazon overall, all of the Amazon, about 20%. And more and more studies, observations are showing, perhaps we are starting to see a lengthening of the drought season. We are not certain about that. So basically, my message here is be careful. We may be playing with a system that may switch to this other state. If it switches to the other state, it will be a savanna part of the Amazon at least for hundreds of years or millennia. The next question I pose is, are we seeing climate change in the Amazon? And I guess my answer, and not only my answer, but also IPCC's answer is perhaps we are starting to see climate change operating in the Amazon. We have seen in the last 10 years, 9 years, two record-breaking droughts, three record-breaking floods, a lot of rainfall, a lot of droughts. In sequence, very unlikely statistically speaking to be caused by natural variability. And climate change models project that climate variability will be exacerbated. And perhaps it's already exacerbated. So still tentative conclusions. And I guess this comes from a straight from IPCC AR5 report. Copy is exactly changing in extreme flow in the Amazon river. There's media confidence, major contribution from climate change. So it's not now, you're not saying this is only climate variability natural. Science is starting to point that this may be the early precursory science of climate change. So this is my, let's say my more science element of my short intervention here. We may be risking to push the tropical forest, the thresholds past the tipping point and changing vegetation forever. From climate reasons and land use change reasons alone. Next, let me move on perhaps to a better, a bit more positive aspects. Brazil has, this is well-known data. Today, everybody, Brazilian president yesterday referred to the data in the climate summit in this city. And Brazil has successfully implemented policies to curb illegal deforestation logging in the Amazon. Deforestation rates you can see there dropped 80% in the period from 2005 to 2013. Somewhat fortuitously, science policy interface or science and policy engaged. And I'm not a social scientist and I can't claim, I understand why science and policy engaged, but they did. And many people in this audience and some of the speakers who are very important scientists in making that engagement to occur. And so this engagement, for instance, made that satellite-based systems like Impis, my former institute in Brazil, Impis, satellite-based systems, PRODES and deter systems were used, are used routinely daily as a very important tool to keep illegal deforestation down. And that they provided invaluable support to those policies and still providing. However, bringing down deforestation rates from the still high level of today, about 5 to 6,000 square kilometers a year, to near zero presents many unforeseen challenges. Government targets are for cutting deforestation to less than 3,600 square kilometers a year by 2020. And that mean many dropping Brazilian emissions, considerably Brazilian greenhouse gas emissions dropped 40% from 2005 to 2013. This is remarkable. Still, Brazilian per capita emissions is about 6 tons of CO2 equivalent per inhabitant. And of course for 2 degrees, we need to bring that down to 2. So it's still a major challenge on the planet, not only Brazil. Of course we may be getting close to command and control policies which are mostly responsible for bringing it down, curbing illegal deforestation. Are necessary and they will have to continue forever, but may not be sufficient. So we need to come up with some clever ideas. One very obvious one that Brazil is starting to practice is using the deforested areas more effectively. So Brazil launched 2010-11 a low carbon agricultural plant. This is very all encompassing all of Brazil, not only the Amazon. It's starting, we cannot assess, but it's well meaning, well thought out. It has already put $4 billion for subsidized loans over to 20,000 farmers in Brazil, all over including the Amazon. They are taking those loans, but they have to modernize agricultural in 6 different activities, nitrogen fixation, recovering, recuperating $25 million, degraded pastures, integration of crops and cattle raising, agroforestry systems and many more. So this is a win-win, increasing productivity, increasing gains for farmers and also reducing. That's the target, $150 million by 2020, $150 million less tons of CO2 equivalent emitted by Brazilian agriculture. By the way, with these land use changes, successes, Brazil is becoming more like other industrialized nations. Most of the emissions come from energy and also agriculture, but less from land use change. So this is very much the obvious, to create incentives to agriculture, the traditional agriculture to reduce expansion of the agricultural frontier. And we have to assess for now on the success. I'm very optimistic that this will proven to be very successful in a few years' time. Of course, but I think this is not sufficient. Even that is not sufficient. I think we have to invent to create, to innovate. And the innovation would come from emergence of a new transformative economic paradigm for the global tropics in the words of late Brazilian geographer Bertha Becker, to add value to the heart of the forest. There are many promising examples of biodiversity-derived value chains. You're going to hear more about that, other speakers. But theoretically, 50 to 100 such value chains being developed and entering domestic and global markets, and I think economically this is doable, would suffice for providing livelihood and well-being for all the forest dwellers, plus millions of urbanites linked to these value chains. I think this is really the way to go in addition to taking, making good use of environmental ecosystem services. This is related to these successful policies that Brazil undertook in the last 10 years. Let me just conclude by giving you, because the title of this seminar is New Thinking for Transformational Change. Let me give you my own thinking for transformational change for the Brazilian Amazon, but I think it can be replicated. We need three revolutions, at least three, I think. Professor Holden mentioned many aspects of renewable energy, and this is also needed in the Amazon. Most of the energy in the remote areas of the Amazon is still thermal diesel, thermal generators, and they have to bring all the way up the river's diesel fuel. This costs $2 billion a year to Brazilian people, because these costs are subsidized by all nations. So we need also a solution in terms of renewable energy opportunities, and there are many. But I just want to focus here on three revolutions that I think we need to undertake and Brazil is well positioned to take this on. So to scale up a biodiverse ecosystem service model in the Amazon, economically sound, socially inclusive, and environmentally protective, to national and global scales require at least these three revolutions. First is a revolution in science, technology, innovation. It must offer solutions for the emergence of an innovative local bio industry. I think the industry has to be local. It's not only seeing tropical countries as producers of goods or commodities of natural products, and industrialization is done elsewhere, either in southern Brazil or abroad. Local bio industry has to be developed in the tropical forest regions. This is very important, and of course this is something where I work, the Minister of Science, Technology and Innovation in Brazil, we are very concerned. I think this is our part of the business to encourage the development of this bio industry done in partnership with the private sector, with private R&D labs of innovative companies. Not only Brazilian companies, I mean, we want to invite, encourage broad development of these possibilities, and there are many. A second revolution is one that Brazil has advanced much more, which is the ICT revolution to connect every corner of the forest to information, highways and global markets. Brazil has contracted a Brazilian government, a satellite to be launched in 2016 for providing broadband, very cheap broadband access to the web in all remote areas of the Amazon, and there's a very innovative fiber optics project to run the Amazon river from Berlin all the way, perhaps even to Equitos in Peru, and so provide fast connection, connectivity to all riverine populations. This is important to bring the Amazon people, the forest dwellers to the ICT era, information era. But the most difficult one, I think the challenge really is a revolution in education of all. So really empowerment is linked completely to providing mass quality education to all of the Amazonian people, and this really presents a major challenge, not a simple one, certainly is one of the key sustainable development goals for the planet and for the Brazilian Amazonidas as well. And this is really the great challenge. I think even if we succeed in the information technology highway infrastructure is being developed, I think this is the easier part. The science and technology innovation capacity is being built. It's not easy, but it's being built, but the very important one has to be taken up with great priority is really mass and quality education for all corners of the Amazon. I think if Brazil succeeds in these three revolutions, we can see a brighter future for the Amazon. Thank you very much.


Coming to you from RGIS Studios, I am Anicia Antoine and this is your midday news brief. The Souffret Fire Service hosted an appreciation ceremony for the procurement of an ambulance by the government of St Lucia. The fire service has been working with a fleet of ambulances commissioned since 2007. The newly acquired ambulance is fully equipped with EMS equipment of a modern day ambulance. The Permanent Secretary in the Ministry of Home Affairs and the National Security, Elizabeth Bailey, explained that this new procurement will increase the response capacity of the fire department, especially in the face of the COVID-19 pandemic. Minister for Home Affairs and National Security, Senator Honourable HM Francis, noted that despite the harsh financial times, the government recognised the importance of procuring this equipment. Chief Fire Officer Joseph Joseph expressed gratitude to the government of St Lucia for the new ambulance. The appreciation ceremony for the procurement of the new ambulance by the government of St Lucia took place on Thursday, August 20, 2020 at the Souffret Fire Station. The Department of Education, Innovation and Gender Regulations has been intently laying the groundwork for the commencement of the new academic year in September. The efforts have been more deliberate given the impact of COVID-19. Several meetings were held with various stakeholders, including the St Lucia's Teachers' Union, the National Principles Association, the National Youth Council, National Students' Council, school boards, teachers and principals, to chart to decide upon the best path to the reopening. The department notes the public concern about the health and safety of students amid the threat of COVID-19. However, the Chief Education Officer says the Ministry of Health has been directing education officials with establishing the protocols needed to protect students, teachers and ancillary staff at all schools. The phase reopening in June for the common entrance and CSEC examinations, she said, tested the system. As the proposed date for the reopening of school draws near, Dr. Maya is employing parents and guardians to ensure that they take advantage of all avenues of assistance available to them through the Department of Education, including the bursary for students entering secondary schools. The impact of COVID-19 on the tourism sector has been devastating with some 14,000 St Lucia's who earned their livelihood from the travel and hospitality sectors on the bread line. Since the decision was taken to open the borders on July 9, the tourism hospitality sector has been slowly coming to life. To date, 2,000 tourism employees have returned to work. The agency responsible for marketing St Lucia as a tourism destination has ramped up efforts to ensure that the island maintains its competitive edge despite the COVID-19 pandemic. With the drastic revenue loss for central government, the tourism authority, as with all other departments, has had to review its budget. However, the SLTA has been creative in using the social media platforms. This has been your Media News Brief. Thank you for watching.


Well, for the High Court, Susan Angelingo has managed hearing on the search seeking the disqualification of the Gov. candidates of APC and that of the PDP in the state. The Gov.'s parent, under the banner of APC David Kente, approached the court seeking the disqualification of Senator Emmanuel Poichard in the forthcoming election, stressing that the claimed party primaries that allegedly produced him never held in line with electoral act. Also, a PDP Gov.'s parent, Mr. Jerome Iame, instituted a suit seeking the immediate disqualification of Kefas Agu on the grounds that it did not purchase the expression of interest in nomination forms of the party. On the basis of the nature of process used to commence the action, it could be said that all the processes are in, but there are a series of anomalies with the case which we have brought to the attention of the courts. So depending on how things go between now and the next adjunct, the case may or may not proceed outright hearing. We're here today to reclaim the mandate of the professor before the federal high court. We are ready with our witnesses. We informed the court we have our witnesses to prove our case, but the defendants are obviously not ready because they brought some objections which they just brought this morning and so the court cannot proceed with hearing as a result of their objection. So for us, we are ready to call our witnesses and prove our case. We will respond to the objection they have brought and proceed with the hearing of our case on the 14th day of July 2022. Senator Boatak came and said, I've been served but it was placed there at the wrong place. Don't worry, we are not going to start argument over where you were served or whether you were served. You are here now, isn't it? That's the important thing. Take the paper, lawyer, take the paper. So we are taking the paper today in front of the court. Now what has happened is none of them has served or anything requiring us to respond. To the court today, I appeared under protest and said, look, my noble lord, your order was not complied with and an order of substance service must be strictly complied with. It's an order of court. Every order of court need to be obeyed. So that was the position. And my little friend on the other side later they said, I agree with us. I said, in that case, if you could be served in court. And I said, yeah, I could be served on court but on one condition. If you are not going to apply for any adverse order against my client. And he gave us an undertaking that he would not. I said, gentlemen, and I agreed and he could order that we should be.


What's up everybody, Jason here for jaspyscasebreak.com. Another wax party promo break just sold out. This is a 2022 top five star baseball, eight bucks case break, pick your teams number 49. And again guys, thank you all to the customers here. Ryan got last 100 cups. And again guys, at the end, we'll randomize the customer names. And number one gets a wax party promo spot. I believe I do have more five star, at least one or two more cases worth. So I'll just keep on reposting these guys until we run out. I'll post them back up a little bit after this. The last case was pretty solid. We got a Pee Wee Reese, a cut autograph. We had a Ichiro Otto and a Derrick Jeter autograph to 15, which was really nice. See what we can get out here for you guys. All right, so here we go. First one guys, is a Matt Manning. And wow, another Brandon Lau. We had a Jumbo RPA in the last one like this, or a patch autograph, I should say. That one was at a 10. This one's at a 25. Is this gonna be the same case? That would be pretty wild. So that's a Tampa Bay race, going to Tristan. And then we got Detroit, Tiger's gonna Carl. We have a Riley Adams. And a Steve Carlton. So Washington Nationals is Carl for the Riley Adams. And then Phillies is Greg. Our next one guys, Louise Gill. And then we have a Dave Winfield. That's Minnesota. Twin's gonna Chad. And Yankees of course is Tristan. I believe it now Red. I just needed them to win this game. All right, we got a Lars Nuttabar for the Cardinals, which is going to Kanban. Then we have a 25 Pentomers Penmanship. And that's Jaren Duran to 25 for Boston. Boston. Jesse with the Red Sox. It would be cool for them to just make history, but I still think it's Denver's year though. Denver definitely looks the best at any playoff team. Fergie Jenkins. But either way, if it's Celtics or Heat go to the finals, it's still gonna make it a good finals matchup. But just to make history for sure. I think I kind of want to see that happen. And then we got Andy Pettit. That's Astros. Houston Astros. That's Greg. And then the Fergie Jenkins is a Cub, which is last ball module run. All right, three more to go guys. All right, this one feels really light too. Could this be another cut autograph? No, actually I'm wrong. Zack Short to 75 for Detroit. Carl. And then we have a Mark to share. I can't see them losing game seven. I still believe they're gonna win, for sure. But I'm just trying to say is that regardless who wins, they're still gonna both lose to the Nuggets. I'm a big believer in the Nuggets, man. It's definitely their year. But for history, I would love to see the Celtics come back and win, but it doesn't really make a difference though. I think they still lose to the Nuggets whoever they play. We have a Jake Berger, Berger. Daniel with the White Sox. And then we have a Matt Chapman to 50. Yeah, they definitely just look in sync. They're just getting points all over.  You contain Jamal and Jokic, which is hard to do, but if they're having bad nights, you have Michael Porter Jr.  You know, you just got so many different scoring weapons on that team. All right, and then of course Blue J's, that's gonna go to Jesse. All right, well, this case actually has been a little bit more quieter, but hopefully we can get something nice here in this last one, guys. We got a Brian de la Cruz, then we got a Blue. And it's Eddie Murray's. We got a lot more older veterans in this case. Six out of 25. Baltimore Orioles going to know. And then Miami going to Chad. Alrighty, folks, we'll still some nice cards in there, Eddie Murray. We got Mark Tashara, Fergie Jenkins, Andy Pettit, Dave Winfield, Steve Carlton, and then a little Brian de la Cruz autograph. So I appreciate it, folks. This was break number 49. I'll post a 50 right after this, but let's give away a wax party promo spot. So this was gonna be five star number 49. Let's gather the names here. Roll five out of one, six times. Good luck. One, two, three, four, five. Six times, six times. Ken Bond, congratulations, man. Boom. There you go. After six times, you are invited to the wax party. So there you go, folks. Very nice. Coming up next, potentially maybe this break. I don't know, it was down to two now. So definitely gonna be doing this soon. Appreciate it, folks.


Okay, we're back live at NAB at the Intel Studio Experience. I'm John Furrier, the founder of SiliconANGLE.com. This is theCUBE, our flagship telecast. We go out to the events and extract the signal from the noise, provide the analysis, independent editorial coverage of NAB. And I want to thank Intel for allowing us to be here. I'm with my co-host. I'm Dave Vellante of wikibon.org, and John, I go back to when I first met you, and you came up with the concept of theCUBE. And I think of how far we've come in the last two years and a big part of that was the tricaster, to enable a lot of this. Yeah, so we got into the business, mainly as a way to kind of experiment with social media, broadcasting, social TV. And we bought a new tech tricaster. It was the first one on the lines that had the multiple inputs, all these cool features, virtual sets. And here, Andrew Cross, the CTO of new tech, is joining us. Welcome to theCUBE. You're on theCUBE, the famous CUBE, new tech. I am very honored to be here. And it's just wonderful to find that you actually use our products. This is just great experience for me. You enabled us, and we're going to cut a deal about how when you leave, I'll get you some free equipment. So, you know, make sure. We'll work that out. We'll work that out. Okay, you're on record. Welcome to theCUBE. You know, serious, we really appreciate that. But new tech, you guys are really in that group. We were talking before we came on around how the media business is changing and how broadcast is not just for the big guys, the big dogs. It's evolving into every day, every day business, every small medium-sized business, to indie broadcasters and new guys like us who can come in and actually deliver content. We do the analysis and Wikibon is the analysis. So, take us through where you guys are. What kind of year did you have? What kind of products did you guys launch and where are you going here today? Well, last year. So, last year really was one of the best years, well, probably the best year that new tech have ever had. We've shipped more tri-casters in the last year than ever before. And, you know, we're just really seeing this thing explode. And, you know, we're just seeing more and more demand for people who want to get onto the web. But it's going beyond that because, you know, we've added this something that we call ISO-cording technology, which is basically the ability to take all your camera inputs and also record them to disk. But what this does is means that if you're doing a show, it needn't necessarily be live because you can do the live show, you can record it, and you can walk away with your produced show and the media. So, in many ways, this is a much quicker way if you, to make a pre-edit of any kind of show, not just live shows. And so, that is something that's really starting to change a lot of people, you know, the way people do production. Yeah, so you've got professional production values in the Tricaster. What are you announcing this show? Because, you know, every year there's always the new announcement. What's the new announcement this year? So, we've got three big announcements, although I'll break them into two parts. We're basically revamping our whole Tricaster product line. So, we're announcing the 455 and 855 Tricaster, which are the latest models in the Tricaster product line and those are shipping now. We're also announcing the 8000, which is what we believe is truly the next generation of portable live production. And it really just adds these incredible features. For instance, it adds integration into social media. So, while you're producing the show, you can actually be marking up clips and putting secondary angles, secondary clips, secondary grabs onto the social media because it's very clear that, you know, the social media and all the online following has become as much part of the show as the show itself now. And so, we're really trying to build our products to actually allow people to take that to the whole next level. So, that's a, is that a UI change or is that both UI and tech that you're building into that? It's a bit of both. But it really changes what the live production device is because, you know, traditionally, people think of these things as, hey, we have a whole bunch of cameras. Bring it into a box, feed it out as a program out feed. But what they're becoming is, it's got a whole bunch of cameras, you bring them into a box and they're getting sent out to all these places. You've still got your program out feed, but you're also putting secondary angles, secondary clips, comments and so on, all onto the web, onto social media sites, onto Twitter, onto Facebook. And that's where a lot of your viewers are currently following people. So we do that today and it's all sort of manual and we do that process sort of outside the normal flow. You're saying that's all integrated now. Absolutely. Actually, you make a great point because I was actually thinking the other day, I watched Star Trek, you know, the Star Trek 4. I don't know if you know this, but you know, when they blow up the planet Alderaan, they actually used a switcher to do it.  But it's kind of funny to look at because that was made 30 years ago and ultimately switches really haven't changed that much.   I mean, you're on the web. That is your primary, you know, where you started and that's amazing. I mean, production has changed and yet a lot of the technology behind it has. The big theme here, I want to ask you a question about infield editing and being like we're at an event. So having that box that does multiple functions, I want to get that in a second, but quick product question. On the UI and TriCast, are you going to have backwards compatibility of the UI for the older versions? So what exactly do you mean by backwards compatibility? It's, I mean, our UI, you know, we put- Backport to the older units. Well, we have been very good about making sure that as new versions come out, we roll those features back as we can. And I think we've probably done a better job than probably almost anybody else here does at that. And we're not planning on changing that. I mean, that's a key part of who you take our. And we're going to certainly wherever it's physically possible. We're going to continue to do that. And, you know, here we announced the new products. We announced a whole bunch of accessories and so on, but we'll also continue to work with the older units. Okay, so back to the field editing. So I'm walking through the booth because black magic is out there. People are cobbling together their own versions of TriCaster. And there's a lot of other products out there for infield editing. Are you guys looking at that area with the new product? Making it more robust for on the ground editing? Yes, I mean, the, you know, I was at recording it takes a huge step in that direction because it becomes the ingest box and the real-time editing box. And so you can walk away from your show with all the raw footage and a pre-edit, which was what you did live. And then you can take all those files into your NLE saying just finish up any takes that didn't work well. And you don't get any faster than that. So for companies like us who are expanding with the TriCaster, thanks to you guys for enabling that business model, we're going to be expanding our operations to be much more, I wouldn't like a big broadcast but we have other needs like broadcasting and recording simultaneously, bring into a network operating center. What kind of features are you guys going to be adding in that area? Well, we're focusing. So one of the big things we're focusing on this year is we're trying to make the interoperability with other systems much, much smoother. So it made it so it's much easier to get, you know, the, our files out to pretty much any NLE that's out there. We made it much easier so that you can bring media in so that no matter what you're producing your media in that it can easily be brought into your show so that you can start working environments that they are not worrying about how to get data back from forwards, how to move files in and out so that you don't need to do any transcoding. So let's talk about the codecs out there, the encoders. Obviously Adobe you guys use because everyone uses it. Obviously they've been complaints and you're aware of those guys, the complaints around the Adobe FL mini. What is the new things you guys are going to do to fix that and or you're going to offer more diverse options? Well, you know, streaming pretty much has moved to H264 video encoding with AC audio encoding. And so Flash does that. Actually the latest Windows technology does, you know, uses the same codecs. There's some, you know, there's some change on the streaming side of things. So a lot of people are doing HTTP streaming now. But you know, on the, on the sending side, so on the tricaster side, there's not been a lot of evolution in terms of, you know, what, how those technologies work. Most of the servers are still expecting the exact same things. Now I can say that we've put an awful lot of energy into the back end data that gets fed into the encoders so that we work around some of the quirks. Let's say that they have, so that, you know, that it works more smoothly with the tricaster than you could probably make it work elsewhere. So talk a little bit about the simultaneous recording and streaming. I mean, since we've got our 300s, you've introduced a couple of models, you sort of on the pace of Moore's Law, I guess. How's the performance and how do you manage that challenge? Well, that's a great challenge. And you know, this is one of the areas where I think that we have really, you know, the sense of us apart. And actually, we're, you know, we truly use what Intel can do to, you know, to power these systems. In fact, so if you think of it, so I'll just talk about the 8000 because it's quite staggering what it does. So we can record eight channels of high quality video to this. And we're talking forecast quality, not, you know, H264 quality, forecast quality to this. It can stream to the internet. It can mix eight channels of video. It's got two DDRs. It's got two network inputs. It can also do motion tracking on 10 inputs at once. That's just incredible. Motion tracking in HD, it can do rendering of live virtual sets. And it's doing all of that at once with everything else as well. I mean, it's just... What's the price point of that product? So that product is at $40,000, so $39,995. But that also includes our control surface that comes with it. We were talking with Eric Jackson, who's a photography guy with showreel about the cameras getting better and better. The photography is amazing. So obviously you guys have done a significant advantage of that. At the low end, live streaming announced like proprietary product that lets you plug in with HDMI and to do basic, not full HD, but 720. What do you guys do on the low end for like, if we wanted to go out and broadcast and produce without boxing up everything and shipping it? Is any lower end price coming out? I'm afraid I can't speculate on future products. I get myself in trouble with the marketing guys. The mobile tricaster, is that coming anytime soon?  That's pretty small and pretty mobile. You know, we have the broadcast studio available and that's about the same form factor. And we're always looking to new fun and exciting things and you should definitely keep an eye on us. Andrew Cross, CTO of New Tech, great company. We really endorse them. They don't pay us for that. We actually bought our unit, but they enabled us to do our cube. Appreciate it. Congratulations on the new product and we'll stop by the booth later. Thanks a lot. Thank you so much. Great to meet you, Andrew. Thank you.