No food in First? -Episode 170

Investing with GoodLife

Hello Everyone,

#Tulsa King #Civil War #American Dreamer

#Yakitori Hachi #Surotonton #The Ranch

Episode 170 Rohan and David discuss the following topics:

1. Economic Updates:
   1. Interest Rates and Market Reactions: Mr. Fong returns from travel to find interest rates higher despite a recent cut. The stock market is up, though Trump remains unhappy with the current political climate.
2. Dock Worker Strike
   1. Strike Overview: A significant dock worker strike at key ports was expected to have severe economic impacts (estimated $3-4.5 billion daily). However, it ended quickly, averting potential holiday disruptions.
3. Automation Concerns: Workers' demands included slowing automation, highlighting fears about job losses due to tech advancements.
4. Adam Neumann's New Venture
   1. Flow Concept: Adam Neumann's new company, Flow, is entering the co-working space market with a focus on short-term leases and partnerships with landlords, contrasting with WeWork's long-term lease model.
5. California Proposition 33
   1. Rent Control Issues: Proposition 33 seeks to modify the Costa Hawkins Act, allowing local governments more control over rent. Concerns are raised about potential negative effects on property values and housing stock.
6. Local Developments
   1. Gas Company Tower Sale: LA County is moving forward with purchasing the Gas Company Tower despite high vacancy rates in downtown LA.
   2. Exposition Park Revamp: A $351 million project aims to transform Exposition Park into a unified, green space with improved access to cultural institutions ahead of the 2028 Olympics.
7. Real Estate Transactions
   1. Union Bank Plaza Sale: Union Bank Plaza sold for $80 million, a significant decrease from previous sale prices, reflecting ongoing trends in property value declines in the area.
8. Cannabis Regulation in DC
   1. New Regulations: A crackdown on unlicensed cannabis shops is expected in DC, with landlords facing penalties for leasing to illegal operations.
9. Dining Experiences
   1. Food Highlights: Mr. Fong shares positive experiences at a yakitori restaurant in Las Vegas and a ramen spot in New York, along with a recurring favorite, The Ranch in Dallas, known for its lively atmosphere and unique elk tacos. Rohan also enjoyed a unique dining atmosphere at The Ranch in Dallas, known for its elk meat tacos.
10. Travel Experiences
    1. David had a disappointing first-class flight experience with no meal service, highlighting a lack of communication from the flight attendants
    2. Rental car challenges included a long wait and an unexpected upgrade, leading to reflections on the convenience of rideshare services over traditional car rentals.

Entertainment:

#Tulsa King - This is a series starring Sylvester Stallone, which focuses on a mobster adjusting to life in Tulsa, Oklahoma.

#Civil War - A fictional dystopian movie about states seceding from the U.S., with Kirsten Dunst playing a photojournalist documenting the chaos.

#American Dreamer - A comedy starring Peter Dinklage as an economics professor who aims to buy a large estate.

Restaurants:

#Yakitori Hachi - A yakitori place in Las Vegas.

#Surotonton - A ramen spot in New York’s Union Square area.

#The Ranch - A Texas-style restaurant in Dallas known for its elk meat tacos.