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Floyd Mayweather — America’s Boxer-Capitalist

Floyd Mayweather shows us all why he is America’s greatest capitalist athlete!

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This past weekend, legendary boxer Floyd Mayweather put on an exhibition match with YouTuber Logan Paul. It was a fun boxing extravaganza. The champ and the challenger went a full 8 rounds. Mayweather was in fine form. He hit Paul with over 40% of his punches, and hit him hard. Paul was no slouch either, hitting Mayweather with 19% of his shots. I didn’t watch the match, but I saw the highlights and it was a real fight. I was impressed with Logan Paul. He may be a a YouTuber, but he took this match seriously, and he trained hard for it. He is definitely not a world-class boxer, but nor was he a bum with no skills. I can totally see him improving his abilities over time.

But a lot of people didn’t see it that way. They jeered and derided the fight. They saved their real ire for Floyd, for agreeing to fight a YouTuber!  What the hell are you doing, man? tThey said. This guy’s a joke! You’re tarnishing your legacy. There are a lot of so-called boxing purists out there, who couldn’t help themselves.  The were pissed.  Why? Because they consider Paul to be a wannabe, a man unworthy of stepping into the ring with a legendary champion like Mayweather.

Mayweather didn’t seee it that way at all. Boxing, he says, is a business. In his post-match press conference, Mayweather famously said “You can’t eat a legacy.” He came out and said that he boxes for money. And he is good with people applauding him, and he’s good with people hating him. Either way, he said, he was walking and chuckling all the way to the bank.

Floyd’s earnings from this match are estimated to be $100 million. Logan Paul is estimated to have made $25 million from the bout.

Think about that.

$100 million payday.

How many other athletes make that kind of money for a night’s work?

The answer is nobody.

Floyd owns the boxing promotions company that helped put on the fight. So he made money not just as the fighter, but also as the promoter of this fight. That is a one smart businessman.

He also put on a show for the boxing public. He did a great job. Logan Paul landed a few punches, but he really wasn’t able to tag him with a powerful shot. Floyd was just too elusive. But neither did Logan Paul embarrass himself. He went the distance, a full 8 rounds with the champ. That is something to be proud of. That’s something he can tell his grandkids when he’s older. And don’t forget, Logan Paul had a really big payday himself. I am jealous! I want a $25 million payday for a single day’s work!

But the champ showed everyone why even at the age of 45, he’s still one of the all-time greats in this sport. He is a 12- time world boxing champion, in multiple divisions and weight classes. He has never lost a fight, his record is 50-0. And he knows how to make money.

For that, I salute him.

 

 

 

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Nicky Billou is a serious knife nut! He is one of PolitiCrossing’s roving correspondents, writing about politics, family, culture, and masculinity. He is the #1 International Best Selling Author of the book: Finish Line Thinking™: How to Think and Win Like a Champion, and The Thought Leader’s Journey: A Fable of Life. He is also the host of the #1 podcast in the world on Thought Leadership, The Thought Leader Revolution (www.TheThoughtLeaderRevolution.com), featuring guests such as Chris Widener, Scott Adams, John Maxwell, Seth Godin, Marie Forleo, Barbara Corcoran and Mark Victor Hansen. He is an in-demand and highly inspirational speaker to corporate audiences such as RBC, Lululemon, Royal LePage, and TorStar Media. He is an advisor and confidante to some of the most successful and dynamic entrepreneurs in North America. He is the co-founder of eCircle Academy (www.eCircleAcademy.com) where he runs a yearlong Mastermind & Educational program working with successful Entrepreneurs, Coaches, Consultants, Corporate Trainers, Clinic Owners, Realtors, Mortgage Brokers and other service-based Entrepreneurs, positioning them as authorities in their niche. He is the creator of the Thought Leader/Heart Leader™ Designation.



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Sowing the Wind and Reaping the Whirlwind: California and its Epic Wildfires

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California
Photo credit: Patrick Luscri

Like the 2018 Camp Fire, California’s Dixie Fire is epic. It has burned more than 220,000 acres and at least 40 structures. It’s the largest conflagration since the Camp Fire that destroyed Paradise. Sadly, California wildfires are becoming as common as Florida hurricanes. Why is this happening and who’s to blame? In a word, California.

By mismanaging its forests and water sources and enabling a power provider to place profits over people, the Golden State has sown the wind and is reaping the whirlwind.

Why is every California fire season scarier and more destructive than the last? The reasons can be boiled down to these:

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  1. Decades of forest mismanagement caused by environmentalists shaping policy
  2. Co-opted Northern California watersheds and water supply diversion
  3. Hotter temperatures and historic drought conditions caused by climate change
  4. Failing PG&E infrastructure
Forest mismanagement

We live five miles from the southeastern edge of the Dixie Fire. Our little mountain town of Quincy is under an evacuation warning. Many of our fellow residents live in areas of mandatory evacuation and some have lost their homes. Local firefighters and forest experts have known for years this was inevitable.

It’s common sense, really. When forest undergrowth and dead limbs and logs are allowed to pile up between trees, you may as well stack logs at their bases and light a match. Wise forest managers remove forest floor fuels and keep forests from growing dangerously dense.

Foolish forest managers allow undergrowth to flourish in order to “protect” ecological environments of certain species at the expense of overall forest ecology. This hands-off approach is pushed in Sacramento by those who think we’re only one species sharing our environment rather than caretakers of our environment.

Wise gardeners prevent weeds from diverting moisture from produce plants by removing them. This ensures a healthy garden. Why wouldn’t smart forest management include removal of undergrowth and dead or dying trees?

Water diversion

A few years ago, state biologists “gill-netted” vast quantities of fish in our local Silver Lake in order to prevent them from feeding on a certain frog. This decimated the fish population in favor of the frog population. How is this an ecological balance?

Similarly, allowing natural water sources to feed rivers and streams provides better hydration for trees—and raises critical moisture levels for forests. Diverting water from Northern California sources when levels are low exacerbates the deadly dryness of moisture-starved Sierra forests. Shouldn’t there be a better balance based on water levels?

As climate change continues to affect moisture and heat, smart and balanced water management becomes more critical. Yet California continues to base policy decisions reactively rather than proactively. If Northern California watershed areas burn for lack of moisture, poor water management will be partially to blame.

So will California’s reliance on hydroelectric power over traditional (and more effective) fossil-fuel plants. The state gets nearly 2/3 of its power from non-fossil fuel production, which is why it has to buy electricity from states like Oregon, Arizona and others.

Failing PG&E

Failed PG&E power lines are responsible for devastating California wildfires for the last five fire seasons. According to PG&E’s initial report the day the Dixie Fire started, an employee responding to an outage noticed a blown fuse at Cresta Dam in a heavily forested area of Butte County around the Feather River Canyon. He found two blown fuses and a tree leaning on a power conductor. He also found a fire on the ground near the base of the tree.

When the 2018 Camp Fire erupted, a PG&E employee noticed flames caused by a faulty transmission line in Feather River Canyon. Many of these lines are supported by electrical towers from the early 1900s. PG&E customers pay modern rates for modern electricity delivered via century-old towers.

In fairness, PG&E is finally taking steps to modernize its infrastructure with underground line burial and other measures. Sadly, these measures are long overdue and are too little too late for victims of the Camp Fire and now for those dealing with the Dixie Fire. Worse, PG&E seems to be continuing their foot-dragging regarding reporting system failures when they point to a wildfire start.

Closed market

According to the California Public Utilities Commission (CPUC), PG&E ignored regulations that require it to report wildfire-related infrastructure failures within two hours of the event. PG&E took five days to report the Dixie Fire-related failure to CPUC. As a state agency, CPUC answers to Governor Gavin Newsom and Sacramento politicians. PG&E is supposed to answer to CPUC, yet is still failing to follow the rules.

Not only is there a lack of meaningful accountability, the relationship between California and PG&E is dysfunctional. The average citizen wonders why Sacramento continues enabling a repeat offender of a power company. Another question is why California refuses to open up its utility market to competitors in order to force PG&E to modernize its infrastructure.

Something has to change or California will continue to burn every fire season. Close to home, people in our community love living in Northern California, but the Golden State will lose even more citizens if residents have to flee the flames every summer.

 

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The Most Important Scholar You’ve Never Heard Of

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Thomas Sowell is many things. He’s a historian, an economist, philosopher, and more. He also may very possibly be the most important scholar that you haven’t heard of. Thomas started life on his own at age 17 when he moved out into a homeless shelter and later was drafted into the Marine Corps. Later, he graduated from Harvard and went on to study government regulations coming to some remarkable explanations and solutions. PragerU tells Thomas’s inspiring story in this video linked below.

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