The PBD Podcast covers a wide range of topics including the economy, healthcare worker strikes, rising interest rates, troubles in the Chinese real estate market, transformation of industrial buildings, frustration over voting patterns, Trevor Bauer's sexual assault accusation, false accusations, verbal abuse on children, disturbing arguments for normalizing pedophilia, and luxury doomsday bunkers.
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Quick takeaways
Starbucks is closing seven downtown San Francisco stores due to rising crime rates and other challenges, emphasizing the impact of bad policies on businesses.
The commercial real estate market is facing potential crisis with concerns about defaults on debt and a severe crash, highlighting the challenges posed by rising interest rates and declining property values.
The decline of American malls underscores the need for innovative solutions and adaptations to attract visitors in the face of online shopping and changing consumer behaviors.
The lack of trust in the US government's ability to prevent doomsday events is widespread, with concerns about climate change, pandemics, and World War III.
Deep dives
Starbucks closes seven stores in downtown San Francisco
Starbucks is closing seven downtown San Francisco stores due to several factors, including bad policies, and to ensure a healthy store portfolio. The closures, effective October 22, are a result of rising crime rates and other challenges faced by businesses in the area. The closures will offer transfer opportunities to employees at the affected stores.
Commercial real estate facing challenges due to high interest rates and declining values
Commercial real estate, including office buildings and apartments, is facing challenges with rising interest rates and declining property values. This has led to a potential crisis in the market, with concerns about defaults on debt maturing by the end of 2025. Investors are predicting a severe crash in the commercial real estate market, impacting prices and recovery timelines.
The decline of malls and the need for innovative solutions
The decline of the American mall has left only a fraction of the original number, highlighting the need for innovative solutions. Some malls are adapting by introducing amusement parks or creative experiences to attract visitors. However, the traditional business model of malls is under pressure due to the rise of online shopping and changing consumer behaviors.
The consequences of bad policies on businesses and communities
Bad policies, such as lenient laws on theft and property damage, have consequences for businesses and communities. Examples include the closure of Starbucks stores in San Francisco due to rising crime rates and the impact of bad policies on commercial real estate. These outcomes highlight the importance of considering the consequences of policies on businesses and communities before implementing them.
Lack of Trust in US Government Regarding Doomsday
A survey reveals that 71.2% of Americans have lost faith in the US government's ability to save them from or prevent a doomsday event. Many believe that such an event will occur within the next year. Concerns include climate change, pandemics, and the start of World War III.
Water Crisis and Climate Mandates
A World Economic Forum advisor suggests that the impending water crisis could be used to advance climate mandates. The lack of trust in the US government is bipartisan, with even swing state Arizona expressing distrust. The survey shows that people are increasingly preparing for doomsday scenarios and placing more importance on self-reliance.
The Effect of Adults Shouting at Children
A study shows that adults shouting, denigrating, or verbally threatening children can have long-lasting negative consequences for their development, comparable to physical or sexual abuse. The lack of trust in the US government to prevent doomsday events may stem from a general skepticism about the government's ability to protect and effectively respond to crises.
Today on the PBD Podcast, Patrick Bet-David, Adam Sosnick, Tom Ellsworth, and Vincent Oshana will discuss a wide variety of political and economic current events.
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Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal Bestseller Your Next Five Moves (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida.