The Pour Over Today - Wednesday, October 5, 2022

Episode Date: October 5, 2022

Today, we’re talking about a scandal in women’s soccer, crypto and Kim K, more Elon Musk vs. Twitter buzz, and other top news for Wednesday, October 5th. Stay informed while remaining focused on Christ with The Pour Over. Sponsored by Faithful Counseling We're Reading: Hope For Ukraine - Get it wherever books are sold or get 40% off and free shipping with promocode POUROVER at family-owned, bakerbookhouse.com

Today, we're talking about a scandal in women's soccer, crypto, and Kim K, more Elon Musk versus Twitter buzz, and other top news for Wednesday, October 5th. Stay informed while remaining focused on Christ with The Pour Over. Here's the quote of the day. Some of the biggest cases of misidentity are among intellectuals who have trouble remembering that they are not God. Thomas Sowell. Let's start with some espresso shots.

The results are in, and they're not good. An independent investigation into U.S. women's soccer found systemic emotional abuse and sexual misconduct throughout the organization. The investigation was prompted by a report released in September 2021 by The Athletic alleging inappropriate sexual behavior by North Carolina Courage coach Paul Riley, who was fired. The 319-page report detailed abuse not just in the National Women's Soccer League, but also in collegiate soccer and youth soccer. It also highlights authority figures and teams who have covered up misconduct or turned a blind eye to the abuse. The U.S. Soccer Federation called the report's findings

a first step towards change and is preparing a host of reforms designed to improve transparency and accountability. Be inspired by the courage of the brave women who came forward to tell their stories. Pray for other victims of abuse and pray that you find the courage to speak up when you face injustice wherever you find it. Joshua 1 verse 9 says, Haven't I commanded you? Be strong and courageous. Do not be afraid or discouraged, for the Lord your God is with you wherever you go. Kim Kardashian is the latest celeb to run afoul of the SEC. Kim K has agreed to pay $1.26 million to settle charges related to her promotion of the cryptocurrency Ethereum Max to her, at the time, 250 million Instagram followers.

While she did include hashtag ad, the SEC said that this was hashtag not enough. The law requires anyone promoting a security, like stock or crypto, also to disclose how much they are paid. For Kim, that was $250,000. The SEC has settled similar crypto charges with boxer Floyd Mayweather, music producer DJ Khaled, and actor Steven Seagal, and took this opportunity to remind other influencers of the risks and requirements of promoting securities. They also warned the public that taking financial advice from celebrities isn't always a good idea. Since Kim's promo, Emacs is down 95%. While there's nothing inherently wrong with owning cryptocurrency,

we should be wary of the often obsessive tendencies its volatility brings out in people. Seek to steward your money well over the long term, not bet on a big windfall. Matthew 6 verse 21 says, For where your treasure is, there your heart will be also. Yesterday, Musk sent a letter to Twitter proposing he follow through on his original offer to buy the company at $54.20 a share. Twitter stock soared 22%. Musk soured on the original deal shortly after agreeing to it over fears Twitter had underestimated the number of bots on the platform. Twitter sued to enforce

the deal, and the two parties have a highly anticipated court date on October 17th. But Musk's olive branch threatens to remove all the courtroom drama from the future Netflix documentary. Buying Twitter and running Tesla and SpaceX and all his other stuff isn't the only thing earning Musk's brain cycles this week. He also has a proposal to end the Russia-Ukraine war which includes Ukraine ceding some land. This prompted some un-pour-over friendly responses from Ukrainian leadership. The world has different priorities than God does, like following Elon Musk's every move. These things may not be wrong to follow, but neither should they consume our attention. Colossians 3 verse 2 through 4 says,

Set your mind on things above, not on earthly things. For you died and your life is hidden with Christ in God. When Christ, who is your life, appears, then you will also appear with him in his glory. Today's podcast is brought to you by Faithful Counseling. We'd say it's been a tough couple of years, but let's be real. Life was hard even before the pandemic. Families were divided before modern politics, and it's never been a bad time to invest in your mental health. And now, Faithful Counseling is making that crazy simple.

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Intrigued? Visit the link in our show notes to get 10% off your first month. In other brews, here's a rapid round of updates. Ukrainian forces retook portions of the southern Kherson region, one of the areas recently annexed by Russia. Analysts say that the risk of Russia using a hydrogen bomb, a.k.a. goodbye country, is quite small, but the risk of a tactical nuke, a.k.a. goodbye city or battlefield, is growing. aka goodbye city or battlefield, is growing. North Korea fired an intermediate-range ballistic missile over Japan yesterday for the first time since 2017.

The launch triggered a J-alert, alerting residents in northeastern Japan to take cover. North Korea has test-fired 40 missiles this year as Kim Jong-un vows to expand his nuclear arsenal and refuses nuclear diplomacy. Continued protests over the death of 22-year-old Massa Amini at the hands of Iran's so-called morality police have left an estimated 144 people dead. In the first public comments, Iran's Supreme Leader Ayatollah Ali Khamenei blamed the violence on Israel and the U.S.

and urged peace and unity against Iran's enemies. It's medal season. Nobel Prizes began rolling out this week, beginning with the award in medicine on Monday and ending with the Peace Prize on Friday. Announced yesterday, three scientists shared the award in physics for their research into quantum mechanics. No word whether the scientists were consulted by the Avengers. The Swiss banking giant Credit Suisse has seen wild swings in its stock and credit risk since Friday amid rumors they're tight on cash and may default on loans. While social media buzzed with comparisons to the Lehman Brothers, analysts say the likelihood of default is actually very low. We have been reading Hope for Ukraine. Part narrative,

part wartime dispatch, Hope for Ukraine transports you into the gritty reality of war-torn Ukraine and the front lines of faith, survival, and miraculous intervention. Join Kyle Dukin and Esther Fedorkovich as they take you inside the conflict with boots-on-the-ground stories and eyewitness accounts of those affected by the conflict. Get it wherever books are sold or get 40% off and free shipping with the promo code POROVER at familyownedbakerbookhouse.com. Author's proceeds will support Ukraine's refugees. That's all the time we have for today. Thanks so much for listening. If you're listening on the Apple Podcasts app, give us a five-star rating and drop a review. If you're listening on Spotify, give us a follow and hit the notification bell to never miss a new episode. We appreciate your support and hope you have a great day. We'll see you on Friday.