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The Difference Engine helps founders and funders maximise business growth through category design. Hosted by two British northerners with decades of experience in launching, managing, and marketing disruptive tech companies. Paul Maher and Jonathan Simnett have been there, done it and thrown away the slogan t-shirts - now they'll help you become a category king. The Difference Engine - Disrupting Tech Strategy https://www.becategorical.com/
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Kids Law

Alma-Constance Denis-Smith and Lucinda Acland

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This is a podcast about children and the laws that affect them as they grow up. Alma-Constance, our host, decided to start the podcast in 2021when she was 10 years old. Living in England, UK, she discovered that when she turned 10 she would have reached the age of criminal responsibility. This is one of the youngest ages of criminalising children in the developed world. That was a pretty shocking discovery for her especially as she realised that she and her peers knew nothing about what this ...
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The cannabis industry is gaining traction across the world, as new medical discoveries, and multi-billion dollar businesses are grabbing the headlines on a regular basis. Experts predict the worldwide industry could be worth in excess of $300bn within 10 years, with Europe forming the biggest market within that, so there's plenty to get excited about. I want to find out more about what's happening, and I'm bringing you along for the ride. Join me - Anuj Desai - as I speak to a wide variety o ...
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In this show, David interviews the leading minds in Wealth Management. David Clark is an experienced and respected Financial Services Professional. As a Partner and Advisor at Koda Capital, David advises some of Australia most successful families on Wealth Management. David is also a successful entrepreneur that has exited two financial services businesses. He is a director of the St Josephs College Foundation and sits on the investment committee, as well as being a founder of ZamBzee a soft ...
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In this episode David interviews Armen Panossian, co-CEO and head of Performing Credit at Oaktree Capital Management, known for its successful management of distressed debt. Armen outlines his background in finance and his journey at Oaktree since joining the firm in 2007. He discusses Oaktree's foundation in 1995, its investment philosophy emphasi…
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The character of Jacob in the Old Testament is no small, ‘bit part’ player. As one of the patriarchs, with Isaac as his father and Abraham as his grandfather, Jacob plays a vital role in the unfolding of God’s promises to Abraham ‘to bless all the nations’ through him. However, in recording the arrival of Jacob onto the scene, Moses tells it, ‘as i…
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“I wish upon you ample doses of pain and suffering” These are the encouraging words of Nvidia founder Jensen Huang. For Jensen, suffering is the whetstone on which one sharpens their character. It is the shaper of greatness. But, what about the lucky ones? The painless people whose lives have avoided such sore turns. Can they achieve such heights? …
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Going to court can be lengthy, expensive and leave people feeling dissatisfied with the outcome. Alma- Constance and Lucinda speak to Frederick Way who is a Senior Dispute Resolution Consultant, Mediator and Trainer the Centre for Effective Dispute Resolution (CEDR). He tells us · the alternative ways to resolve disputes · How mediation works · How…
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When Matthew records the plight of the two blind men by the side of the road in Matthew 20:29-34, he completes the theme of ‘the first and the last’ that Jesus has been speaking of in this chapter of this gospel. If James and John were seeking to be ‘first’ in the previous section, then these men were surely among those he referred to as the ‘last’…
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In this episode of "Inside the Rope," host David Clark welcomes back Tim Carleton, Chief Investment Officer at Auscap Asset Management, to discuss his fund's performance and investment strategy. The Auscap Long Short Fund has achieved a notable compound annual growth rate of 16.1% since its inception (December 2012 to March 2024). During the episod…
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When James and John (through their Mum) approached Jesus in Matthew 20:17-28, they were clearly men who wanted to put themselves first. The did this even though Jesus had been speaking quite a lot about the inverse principle of His Kingdom, that the ‘first will be last and the last first’. Their request, which made the other disciples angry, was on…
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Sometimes chapter breaks in the Scriptures aren’t that helpful. The chapter break that divides the end of Matthew 19 to Matthew 20:1-16 is a prime example. In Matthew 19;30, jesus had just spoken about the ‘inverse order’ of his kingdom, that is, the ‘first will be last and the last first’. And then to illustrate that point, Jesus went on to tell a…
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In this episode of "Inside the Rope," David chats with Amy Pham, Fund Manager at Pengana, about the changing world of property investment as interest rates change and more people work from home. They dive into how these changes are affecting properties in Australia, especially offices, and compare it to what's happening around the world.Amy highlig…
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The motto of ‘let’s eat, drink and be merry, for tomorrow we die’ is sadly all too common in our society. In fact, such a motto is nothing new, but was around in the prophet Isaiah’s day at least 700 years before Christ! The motto is often held as a philosophy of life, because many have no hope beyond the grave. In 1 Corinthians 15:1-11, Paul lays …
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The text of John 12:20-36 is a very significant moment in the life of Jesus – especially in relation to his impending death. It happened when some Greeks appeared and sought and audience with him. This was the signal for Jesus that his ‘time had come’…but what did that mean? What did he know? And what significance did it have to his death and resur…
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Throughout this series, we have been surveying the battlefield of the AI war. From an elevated outpost, we have analysed and reported on the tactical moves of both Microsoft and Google. Data centres, acquisitions, and an arms race of innovation have all weaponised in their attempts to wrestle control of tech’s future. But who just won the latest ba…
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When the disciples wtached the ‘rich young ruler’ walk away from jesus and miss out on eternal livfe, they were greatly astonished. They hadn’t thought that a rich man like him could ever miss out on salvation. And so in Matthew 19:27-30, they asked Jesus about what would happen to them. What link was there between leaving all to follow him and the…
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What does ethics mean and why is it so important in the legal system and can it ensure that lawyers can be trusted? Alma- Constance and Lucinda speak to Richard Moorhead, Professor of Law and Professional Ethics at the University of Exeter Law School and Honorary Professor of Law at UCL. He is also a member of the Horizon Compensation Advisory Boar…
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In this episode of "Inside the Rope," host David Clark welcomes back Dr. Craig Collie from Regal Funds Management to delve into the groundbreaking developments in the field of weight loss drugs, particularly focusing on Ozempic, a GLP-1 category drug revolutionizing obesity treatment. Dr. Collie, who runs the Regal Healthcare Long Short Fund, share…
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When the young man came to Jesus in Matthew 19:16-26 to ask about eternal life, it certainly did not go as the disciples expected it would! The young man went away from Jesus, ‘sorrowful’ and without the eternal life that he had asked Jesus for…although he did still have his money. The text is one of the greatest in the Scriptures for many reasons,…
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When Matthew records that people were bringing their children to Jesus to bless them in Matthew 19:13-15, he also records that the disciples acted as bodyguards of Jesus and tried to protect him from the children! Mark’s gospel records that at this point Jesus rebuked the disciples and went ahead and blessed the children. There’s a point to note th…
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About the Talk In this episode of the Governance podcast, our Director Mark Pennington speaks to Prof. William Easterly from New York University on liberal vs paternalist approaches to economic development policy. The Guest William Easterly is Professor of Economics at New York University and Co-director of the NYU Development Research Institute, w…
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In this episode of The Difference Engine we talk to a captain at the helm of the category ship. Vincent Peters brings a wealth of experience to the table, having held prominent leadership positions at renowned companies such as TIBCO, Qlik, Siebel Systems, and Oracle. Not only has he navigated the global landscape of tech leadership, but he's also …
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In this episode, David is joined by Koda Capital Chief Economist Brigette Leckie to discuss global economic performance, the impact of artificial intelligence on economies, and the implications of upcoming elections, particularly in the US, for the economy and investment markets. Brigette and David also touch on the current wars and their potential…
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John’s first letter is full of many theological truths that help us to shape our understanding of the gospel. 1 John 1:5-2:2 is a text just like that. In it, John explores themes of light and darkness, confession and cleansing, as well as opening up for us the heart of the gospel message and the path to daily cleansing of our sins. Message Outline …
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The early church was a remarkable witness and a living testimony to Jesus. In this message on Acts 2:42-47, PCV Moderator, Rev Ian Hutton explores Acts 2:42-47 in a search for the ‘basics’ of church life that we should do well and so also be effective in our witness. Message Outline Introduction … A Church that is keen to learn (v.42) A Church that…
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Throughout history, certain inventions have reorganised the world. From the printing press to the steam engine, these technologies have triggered paradigm shifts that alter the fundamental structure of societies. Anuj Nayar believes that we are right at the beginning of another global transformation. One that will recategorise every industry in the…
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In this episode, host David Clark interviews Phil King, the Chief Investment Officer and co-founder of Regal Funds Management. King discusses his passion for investing and the enjoyment he finds in working with top companies worldwide and building a successful team at Regal. Despite his significant achievements, Phil is noted for his humility and s…
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About the Talk In this episode of the Governance podcast, our Director Mark Pennington interviews Dr. Matthew Mitchell on the socialist reality in Estonia’s history. This episode is part of Matthew’s co-authored publication as part of the Realities of Socialism series run by the Fraser Institute. The Guest Matthew D. Mitchell is a Senior Fellow in …
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When the Pharisees sought to- trap Jesus by their question about divorce in Matthew 19:1-12, Jesus was not backward in coming forward with his response. While the Pharisees tended to be quite lax with regard to laws about divorce, Jesus insisted that God’s good design for marriage in Genesis 2:18-25 was enough! Interestingly, he said all this in th…
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Alma-Constance and Lucinda take a look back at the top 5 episodes over the 3 year lifespan of Kids Law podcast. This episodes features: - former Lord Chief Justice, Lord Burnett, the most downloaded episode - former head of the Department of Public Prosecutions, Sir Max Hill KC, the most publicised episode across media - former president of the UK …
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After Jesus had challenged his disciples to follow certain steps in order to ensure that conflict between them be quickly resolved, Peter was quick to ask a question and Jesus was quick to give him an answer! All this can be found in Matthew 18:21-35. Peter’s question had to do with ‘how many times he ought to forgive his brother for an offence’ an…
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Let’s play a game of spot the Difference. In episode 10 we sang the category praises of Microsoft after learning about their £2.5 billion data centre building project in West London. Now, we’re turning our attention to Google. They have announced a similarly large data centre project on a 33 acre site just north of London. However, our praise for G…
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Did you know that you don’t have to go to university to become a lawyer? Some 17,000 people have been trained to become chartered legal executives (CILEX lawyers) who are fully qualified legal professionals. Alma-Constance and Lucinda spoke to Emma Davies the CILEX President who tells us about: The different schemes to train as a paralegal, legal e…
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In this episode of "Inside the Rope", David interviews Frank Macindoe, advisor and partner at Koda Capital, who manages the Koda Enduring Equities portfolio. This portfolio, focusing on ASX-listed shares, has achieved an impressive compound annual growth rate of over 14.8% over 15 years to November 2023. The discussion revisits the fund's performan…
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Matthew 18:15-20 is not necessarily a hard text to understand. It has no hard words, for example. However, the application of what Jesus said is quite difficult. While still speaking to His disciples about the issue of true greatness and how humility is a necessary aspect of it, in these verses, Jesus spoke further about the inevitable conflict tha…
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In speaking to His disciples in the way that He did in Matthew 18:7-14, Jesus was not going on to some new topic. In fact what he taught in these verses are very closely linked to verses 1-6. He is still talking about greatness and the ‘childlike humility’ that will lead His disciples towards it. While some of what He says in verses 7-14 is a littl…
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‘The UK’s biggest miscarridge of justice’. This is what the The Criminal Cases Review Commission called the Post Office Horizon scandal. But who is to blame? Is it Fujitsu’s fault? Or do the rotten roots of run deeper? In this episode we look into the distribution of UK tech contracts and the consequences sector stragulation. We also look into our …
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In the podcast episode of "Inside the Rope," host David Clark interviews Cal O'Brien, a managing partner at Anchorage Capital Partners. Anchorage is noted for its expertise in mid-market turnaround investments in Australia, with an impressive average internal rate return of return of over 40%.Cal shares his background, detailing his upbringing on a…
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When the disciples asked Jesus, “Who is the greatest in the Kingdom?” in Matthew 18:1-6, there was a lot going through their minds. Jesus had just begun to set out for Jerusalem, having told the disciples that there He would be mistreated and killed. What was it then that got the disciples talking together about greatness? Mark’s gospel tells us th…
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About the Talk In this episode of the podcast, Prof. Mark Pennington interviews Prof. Adam Dixon on the contemporary relevance of the Scottish philosopher and political economist Adam Smith. The Guest Adam D. Dixon holds the Adam Smith Chair in Sustainable Capitalism at Adam Smith’s Panmure House, the last and final home of moral philosopher and fa…
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‘If you haven’t got an AI component in your offer, we ain’t gonna fund you’. This is what we heard at the most recent Saastr conference. AI is undoubtedly the new hot ticket with 83% of company executives claiming that AI is a strategic priority for their business. So is it; go AI or go home? In today’s episode, we’re going to take a look at how yo…
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In this message for the new year, Daniel Jansen explores how God’s righteous rule as King over ‘the whole earth’ from Psalm 97:1-12 should comfort the hearts of anxious believers and cause us to rejoice in this uncertain and fragile world. Message Outline Introduction: The King’s righteousness and Justice (1-6) Theophany = Appearance of God Mt Sina…
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Pat Morrissey has been at the epicentre of category creation throughout his career. His impressive curriculum includes industry heavyweights Salesforce, Simpplr and Business Objects. Currently, he is the Chief Customer Office at Hirevue, a game changing AI hiring platform that owns the category of Human Potential Intelligence. Over 1,150 companies …
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This podcast episode from "Inside the Rope" features David Sekel, a lawyer specialising in asset protection and estate planning. The discussion revolves around the importance of safeguarding wealth for future generations. David shares insights from his experience working with substantial families, focusing on creating strategies for wealth preserva…
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Getting legal advice can be very expensive and many people can't afford it. Law centres are based in local communities to give free legal advice and assistance with social welfare problems such as homelessness, advice about welfare benefits and employment and immigration issues. Alma-Constance and Lucinda talk to Franck Kiangala, Director and Immig…
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Not everyone enjoys Christmas nor finds it a time of celebration or joy. Herod was certainly in that number. When the wise men rocked up with news about the birth of the Messiah in Matthew 2:1-23, they really rocked Herod’s world in more ways than one! In fact, Herod’s response to the news was quite an exterme one. Harsh too. And yet, even more tra…
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Why did Starling Bank decide to switch its concentration from consumer banking to B2B? We talk about the bold choices that led to this change and the comparable action taken by industry titans Ocado. If you want to play with the big boys you need to be able to adapt. Just look at Starling bank. CEO Anne Boden is overseeing their pivot from from B2C…
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This episode of "Inside the Rope" features David Clark interviewing Andrew Rado, the portfolio manager of the Longreach Maris Sustainable Seafood Fund. Rado explains how the fund invests in Individual Transferable Quotas (ITQs) for wild-caught seafood, a system introduced in the early 1980s in Australia. This innovative approach combines ecological…
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Joseph is one of the key characters in the story of the birth of Jesus, especially so in the text of Matthew 1:18-25, but he can easily be overlooked in the preaching of the Christmas narratives – probably because he doesn’t get to say anything at all. Even the shepherds and wise men get some lines in the gospels, but Jospeh gets none! Even though …
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When the angel Gabriel finally found the moment to meet up with Mary, his initial greeting to her was something Mary wasn’t prepared for. It seems as though the appearing of the angel to her was not the cuse of her discomfort, but the greeting and what it might mean for her. It certainly brought change. Far more change than she could ever have anti…
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About the Talk In this episode of the podcast, Prof. Mark Pennington interviews Prof. Bruce Caldwell, one of the co-authors of this recently published book Hayek: A Life. Few twentieth-century figures have been lionized and vilified in such equal measure as Friedrich Hayek—economist, social theorist, leader of the Austrian school of economics, and …
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‘Europeans can’t do category design.’ We hear this a lot, particularly from our friends across the pond. However, the company behind London’s record breaking $11 billion IPO might disagree. Wise (formerly known as TransferWise) has successfully built and dominated a category within the retail banking space. And, they’re from the UK. So what’s their…
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In the podcast episode "Inside the Rope" hosted by David Clark with Urs Wietlisbach, a co-founder of Partners Group a leading global private markets firm that since 1996, has invested over USD 200 billion in private equity, private debt, private real estate, and private infrastructure on behalf of their clients globally. The episode delves into the…
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