logo
Joe Rogan urges Texas Democrat to run for president

Joe Rogan urges Texas Democrat to run for president

Yahoo4 days ago
Podcast host Joe Rogan offered high praise for state Rep. James Talarico (D) on his podcast Friday, telling the Texas lawmaker that he should launch a White House bid.
'You need to run for president. We need someone who is actually a good person,' Rogan said at the end of a multi-hour interview.
Talarico, who has been in office since 2018, has been considered a rising star by some for his Christian faith and popular TikTok account where he pushes back on Texas GOP policy on education and public schools.
Appearing on Rogan's podcast is a coveted opportunity for politicians, notably for Democrats looking to recapture the young, male audience the party feels it has lost.
Talarico is considering a dark-horse bid for Senate in a crowded Democratic primary that includes former Rep. Colin Allred (D-Texas). He laughed after Rogan told him to run for president and pushed back on the host's suggestion.
'We were talking about how politics has become a religion. This is one of the ways it does. People put all their faith in a politician,' Talarico said.
'I've seen it with Bernie. I like Bernie a whole lot, but some people treat him as if he's a messianic figure,' the Texas lawmaker added. 'And Trump on the right, people treat him as a messiah in some ways. This is a problem.'
Talarico told Politico that the invitation from Rogan came after the popular podcast host saw one of his videos on TikTok, where he has almost one million followers.
In increasingly viral videos, Talarico has railed against a Texas bill to require schools to display the Ten Commandments and panned a new bill on private school vouchers. He is currently studying to become a pastor.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Trump's 401(k) Overhaul: What Retirement Savers Need To Know Now
Trump's 401(k) Overhaul: What Retirement Savers Need To Know Now

Yahoo

time10 minutes ago

  • Yahoo

Trump's 401(k) Overhaul: What Retirement Savers Need To Know Now

President Donald Trump is reportedly planning to open the door for retirement plans like 401(k) plans to include private equity and other alternative assets. While the move may favor high-net-worth investors, what could it mean for the average American saver? Find Out: Read Next: Experts explained what it means, the pros and cons and whether the average retirement saver should look to make this move if it opens up. How Trump's New Move Could Expand Investment Options At first glance, this move could be positive, according to Chad D. Cummings, Esq., CEO at Cummings & Cummings Law. 'Everyday workers might be able to invest in private companies and other assets not traded on public exchanges. The average 401(k) investor could potentially see higher returns.' Learn More: But Not Immediately — and With Trade-Offs The key word here is potentially. With greater returns comes the trade-off of greater risks, and 'much less visibility of the underlying asset performance since the assets are not publicly traded,' Cummings warned. Additionally, the average 401(k) investor would not likely see these available options for months or even a year, because all investment options for 401(k) plans must first be established through the Department of Labor (DOL) regulations. Risks of Private Equity in Retirement Accounts While private equity may sound like an exciting new vista to tap, according to Bill Harris, former CEO of TurboTax, founding CEO of PayPal and founder of Personal Capital, 'Private equity funds do not belong in the 401(k) of an ordinary investor.' The biggest downside is the high fees that managing this kind of equity tends to bring with it at a time when, 'the average 401(k) plans are finally moving from higher-fee mutual funds to lower-fee ETFs,' he said. '[This] is the wrong time to go the other direction.' Your Gains Could Be Taxed at a Higher Rate Additionally, distributions from private equity funds are typically treated as long-term capital gains, which are taxed at a maximum federal tax rate of 20%, Harris said. That is, unless you hold them in a tax-deferred account like a 401(k), in which case, 'the gains are automatically converted to ordinary income, which is taxed at a maximum federal tax rate of 37%.' 'The kicker is that PE funds are illiquid, which means you often can't get your money out for up to 10 years,' Harris said. To sum it up, he suggested that this shift will not do much for the average investor at all. 'So, PE fund fees are too high, a 401(k) is the wrong place to hold them, and you can't get your money when you need it. Wrong thing, wrong place, wrong time.' What Employers Must Do Before Offering Private Equity in 401(k) Plans Regardless of what happens, Cummings assured that the Department of Labor's regulations will still require employers and plan administrators to uphold their legal responsibility to always act in the best interest of the 401(k) investors. 'If the 401(k) assets are administered through a plan administrator who adopts private equity investments, the employer must also decide whether to offer the investment asset to its 401(k) participants,' Cummings said. Employers also have a fiduciary responsibility to evaluate investment risks, cost and fairness of each investment option as well as ensure the investment is suitable for long-term retirement goals. Invest With Caution In a nutshell, Cumming said that retirement savers should consider private equity 'only if they understand the differences among existing investment options in their plans such as the difference between stocks and bonds and understanding that riskier investments could result in big swings in their asset value and even complete loss of investment.' Most retirees should be focusing on stable, low-risk investments. 'Riskier retirement investments are usually better suited for investors who have a longer retirement timeline and are aware of the risk and return tradeoff,' Cummings said. Why You Should Talk To a Financial Advisor First Should PE become more available in 401(k) plans, Cummings pointed out that a financial advisor can help review whether it makes sense as part of a larger strategy. 'If the investor values simplicity and steady growth, even with lower earnings, this type of investment might not be the best fit.' More From GOBankingRates Mark Cuban Warns of 'Red Rural Recession' -- 4 States That Could Get Hit Hard How Far $750K Plus Social Security Goes in Retirement in Every US Region How Much Money Is Needed To Be Considered Middle Class in Your State? This article originally appeared on Trump's 401(k) Overhaul: What Retirement Savers Need To Know Now Sign in to access your portfolio

Union Pacific, now the subject of merger talks, reports second quarter profit of $1.8 billion
Union Pacific, now the subject of merger talks, reports second quarter profit of $1.8 billion

Yahoo

time10 minutes ago

  • Yahoo

Union Pacific, now the subject of merger talks, reports second quarter profit of $1.8 billion

Union Pacific reported Thursday that its adjusted profit grew to $1.8 billion in the second quarter as merger rumors to swirl around the nation's largest railroad. The Omaha, Nebraska, per-share earnings rose rose to $3.03, beating Wall Street expectations and easily topping the $2.71 per-share profit it reported in the same period last year. Analysts were expecting profit of $2.91 per share for the recent quarter. Operating revenue grew 2% over last year, to $6.2 billion, the company said. Union Pacific shares rose about 1% before the bell Thursday, to $233.30 each. They had slumped to around $208 in early April, their lowest level of 2025, as President Donald Trump rolled out sweeping tariffs that threatened to upend global trade. Shares of all U.S. railroads moved higher as well. Sources told The Associated Press last week that Union Pacific and Norfolk Southern are in merger talks that would create the a railroad in North America that essentially connects the East and West Coasts. Neither company has commented on the negotiations, which began during the first quarter of this year, according to a person familiar with the talks who wasn't authorized to speak publicly about them. It would combine the largest and smallest of the country's six major freight railroads. There is widespread debate over whether such a merger would be approved by U.S. regulators, which have established a high bar for consolidation in the crucial industry. That is largely because of a disastrous deal that involved Union Pacific. Union Pacific merged with Southern Pacific in 1996 and the tie-up led to an extended period of snarled rail traffic on U.S. rails. Three years later, Conrail was divvied up by Norfolk Southern and CSX, which led to more backups on rails in the East. However, just two years ago the U.S. Surface Transportation Board did approve a deal that created the CPKC railroad, allowing Canadian Pacific to acquire Kansas City Southern for $31 billion. That merger combined the two smallest major railroads in North America, however, but left only six major freight railroads. It was the first major rail merger approved in more than two decades. To be approved, any major rail merger must show it will enhance competition and serve the public interest under the 2001 rules. The CPKC merger was not judged under those rules because Kansas City Southern had an exemption from them as the smallest major freight railroad at the time. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Schiff calls for Bondi, Patel to testify over Trump, Epstein files report
Schiff calls for Bondi, Patel to testify over Trump, Epstein files report

The Hill

time11 minutes ago

  • The Hill

Schiff calls for Bondi, Patel to testify over Trump, Epstein files report

Sen. Adam Schiff (D-Calif.) is calling for Attorney General Pam Bondi and FBI Director Kash Patel to testify before Congress after a bombshell report from the Wall Street Journal alleged the two warned President Trump that he was named in disgraced financier Jeffrey Epstein's files. 'Now we know in May, Pam Bondi informed Trump that his name was in those files. Bondi knew. Patel knew,' Schiff said Wednesday in a video posted to social platform X. 'But in July, as recently as just a week or two ago, Trump denied being informed that his name was in those files, even though we have now learned Bondi told him,' he continued. 'We need to bring Bondi and Patel into the Judiciary Committee to testify about this now.' Officials told the Journal the information was disclosed as part of a routine White House briefing for the president. They noted that during the meeting, Trump was informed that no additional Epstein files would be released due to the heinous nature of the material. Last week, Trump sued the Journal for publishing a story detailing a birthday letter reportedly bearing his signature on a page with the silhouette of a naked woman. The outlet said he sent the correspondence to Epstein in 2003. 'A pal is a wonderful thing. Happy Birthday — and may every day be another wonderful secret,' the final line reads, the Journal reported. The president has attempted to distance himself from Epstein's dealings, denying visiting the financier's office and the friendship outlined in his letter to the wealthy businessman. 'It's not my language. It's not my words,' Trump told the Journal. Some of his MAGA supporters and Republicans have lamented over the scandal, criticizing the leader for not making good on his campaign promise to release the Epstein files in full. Many Republicans in Congress are backing a measure that supports the delivery of more documents — though the House adjourned for August recess before taking up votes, angering some of their Senate GOP counterparts. 'People are frustrated. We want to know if there's more information,' Rep. Lauren Boebert (R-Colo.) told NewsNation. Schiff, and other Democrats, echoed their concerns and called for Trump administration officials to step forward with more transparency around their findings and disclosures. 'Trump told the press he was not informed that his name was in the Epstein files. Now we learn that this was a lie. He was told by Bondi, his former criminal defense lawyer and now the AG,' Schiff wrote in a post on X. 'Time to end the Trump/Epstein cover-up. Release the files,' he added. Controversy around the convicted sex offender's case was sparked once again last week after the FBI and Justice Department issued a joint memo concluding Epstein did not keep a 'client list' and that his 2019 death was ruled a suicide. Ghislaine Maxwell, Epstein's charged co-conspirator in the case, is expected to meet with DOJ officials in the coming days. The House is also looking into issuing a subpoena to Maxwell, who was sentenced to 20 years in prison for her involvement in the alleged sex trafficking operation of underage girls.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store