20 Burst results for "About $650 Million"
"about $650 million" Discussed on The Bio Report
"Own <Speech_Male> therapeutic <Speech_Male> development <Speech_Male> fit into these partnerships <Speech_Male> or are you <Speech_Male> doing work outside <Speech_Male> of them? Are you <Speech_Male> <Advertisement> planning on possibly <Speech_Male> pursuing molecules, <Speech_Male> <SpeakerChange> partners <Speech_Male> pass on? <Speech_Male> Yeah, <Speech_Male> so <Speech_Male> first of all, as <Speech_Male> I mentioned, we want <Speech_Male> to be <Speech_Male> a fully integrated <Speech_Male> company. <Speech_Male> So our goal is <Speech_Male> to <Speech_Male> put into the market <Speech_Male> chimeras <Speech_Male> drugs. <Speech_Male> So <Speech_Male> actually, most <Speech_Male> of the work that we do <Speech_Male> is outside <Speech_Male> of those partnerships. <Speech_Male> And <Speech_Male> for example, we have <Speech_Male> two more programs <Speech_Telephony_Male> that are <Speech_Male> about to enter <Speech_Male> the clinic <Speech_Male> one is <Speech_Male> KT <Speech_Male> four one three, <Speech_Male> which is <Speech_Male> actually a dual <Speech_Male> degrader. We can talk <Speech_Male> about what that means <Speech_Male> <Speech_Telephony_Male> for oncology. <Speech_Male> <Speech_Male> Then we have another <Speech_Male> degraded asset <Speech_Male> oncology, <Speech_Male> which is called KT <Speech_Male> three three three. <Silence> This is to <Speech_Male> go against <Speech_Male> for the first <Speech_Male> time, again, <Speech_Male> also here, <Speech_Male> another first four <Speech_Male> K and era in TPD <Speech_Male> was for the <Speech_Male> first time a hedgerow <Speech_Male> by functional degrader <Speech_Male> against <Speech_Male> the untracked <Speech_Male> transcription <Speech_Male> factor, which is a class <Speech_Male> of proteins that are very difficult <Speech_Male> to drug. <Speech_Male> So also that <Speech_Male> is going into the clinic <Speech_Male> soon, <Speech_Male> again, and <Speech_Male> this is going to be <Speech_Telephony_Male> developed by <Speech_Male> <Speech_Male> a 100% <Speech_Male> in a <Speech_Male> series of liquid and <Speech_Male> solid tumors. <Speech_Male> We have many <Speech_Male> other programs <Speech_Telephony_Male> internally that we <Speech_Male> haven't disclosed. I <Speech_Male> believe we plan to <Speech_Male> disclose at least <Speech_Male> one new one <Speech_Male> before the end of <Speech_Male> the year. And we <Speech_Male> have a broad <Speech_Telephony_Male> pipeline of <Speech_Male> programs that are again <Speech_Male> all owned by <Speech_Male> chimera that <Speech_Male> we plan to advance. <Speech_Male> So I would say <Speech_Male> generally, <Speech_Male> <Speech_Male> you should <Speech_Male> look at camera <Speech_Male> as a <Speech_Male> drug discovery <Speech_Male> development and <Speech_Male> eventually commercialization <Speech_Male> company <Speech_Male> with <Speech_Male> some partnerships <Speech_Male> in time <Speech_Male> programs in <Speech_Male> our pipeline, <SpeakerChange> but not <Speech_Male> the other way around. <Speech_Male> <Speech_Male> You raised 257 million <Speech_Male> <Speech_Male> in upsized <Speech_Male> offering in July. <Speech_Male> How is <Speech_Male> that money being used <Silence> and <SpeakerChange> how far <Speech_Male> will it take you? <Speech_Male> <Speech_Male> Thank you. That's a great <Speech_Male> question. So <Speech_Telephony_Male> we now <Speech_Male> have at least <Speech_Male> in July <Speech_Male> when we <Speech_Male> close the most <Speech_Male> recent financing, <Speech_Male> we had about $650 million <Speech_Male> <Speech_Male> in the bank, which <Speech_Male> for a company <Speech_Music_Male> that went public <Speech_Male> just about <Speech_Male> a year ago <Speech_Male> <Speech_Male> is a <Speech_Male> very healthy <Speech_Male> balance sheet. <Speech_Telephony_Male> And our goal <Speech_Male> with the money, <Speech_Male> which will take <Speech_Male> us into <Speech_Male> <Speech_Male> 2025, <Speech_Male> we believe that this point <Speech_Male> is <Silence> to continue to <Speech_Male> invest <Speech_Male> in our pipeline, <Speech_Telephony_Male> the one that <Speech_Male> there is <Silence> or about to go into the <Speech_Male> clinic. <Speech_Male> Importantly, <Speech_Male> continue to invest in <Speech_Male> our discovery and <Speech_Male> gene to be <Speech_Male> 5 years from <Speech_Male> today <Speech_Male> having multiple <Speech_Male> <Speech_Male> programs in <Speech_Male> the clinical different <Speech_Male> stage. And <Speech_Male> also continue to invest <Speech_Male> in our platform. <Speech_Male> We have <Speech_Male> very <Speech_Male> unique <Speech_Male> <Speech_Male> investments <Speech_Male> in <Speech_Male> advancing <Speech_Telephony_Male> the protein degradation <Speech_Male> and going into <Speech_Male> spaces that <Speech_Male> really no one has <Speech_Male> been able to do <Speech_Male> using novel <Speech_Male> E three ligases <Speech_Male> that <SpeakerChange> are <Speech_Male> <Speech_Male> selective for <Speech_Male> particular tissues <Speech_Male> or particular <Speech_Male> cell types. <Speech_Male> So I would say the <Speech_Male> money allows us <Speech_Male> to strategically <Speech_Male> invest in areas <Speech_Male> that probably <Speech_Male> most <Speech_Male> companies wouldn't <Speech_Male> be able to invest <Speech_Male> so early so that <Speech_Male> we actually <Speech_Male> can build <Speech_Male> as quickly <Speech_Male> as possible. <Speech_Male> It de risked <Speech_Telephony_Male> pipeline that will <Speech_Male> allow us to ask <Speech_Male> many different clinical <Speech_Male> questions <Speech_Male> and hopefully <Speech_Male> generate <Speech_Male> <Speech_Male> high value <Silence> medicines <SpeakerChange> for <Speech_Male> patients. <Speech_Male> Nell of monopoly, <Speech_Male> cofounder <Speech_Male> president and <Silence> CEO of chimera. <Speech_Male> Noah, <Speech_Male> <Advertisement> thanks so much for your <Speech_Male> <Advertisement> time today. Thanks, Denny. <Silence> <Advertisement> This <SpeakerChange> was really <Music> <Advertisement> fun. <Music> <Music> <Advertisement> <Music> <Advertisement> <Speech_Music_Male> <Advertisement> <SpeakerChange> <Silence> <Advertisement> <Speech_Male> <Advertisement> <Speech_Male> <Advertisement> Thanks for listening. <Speech_Male> The buyer <Speech_Male> report is a production <Speech_Music_Male> of
"about $650 million" Discussed on Bloomberg Radio New York
"Sexually harassed by a former high level Communist Party official Global news 24 hours a day on air and Bloomberg quicktake powered by more than 2700 journalists and analysts in more than a 120 countries in the new survivor these Pellegrini This is Bloomberg Brian All right thanks very much Denise Let's go inside the Asian media through the daybreak Asia media and tea leaves review Well Japan's government will reportedly earmark $6.8 billion to bolster domestic chip making The sankey newspaper says that that would be included in an extra budget for the current financial year From the FT Hong Kong regulators are looking at plans by Russian aluminum producer united resolved The spin off its high carbon smelters and refiners those two segments would then be enlisted in an entity in Moscow A complaint though was raised by London based hedge firm O'Day asset management ode was concerned that an attempt could be made to buy out minority shareholders once the demerger is complete Now the hedge fund doesn't actually hold any of the shares in rosal but it does own derivatives that give it the option to acquire a state And from the financial review in Australia Blackstone could firm up its $9.3 billion bid for crown resorts by Christmas It would pay crown shareholders by Easter and that would make it the only bitter in the world that could be ready to transact within the next 12 months And in a final note here in Hong Kong the 15 strong board that regulates Hong Kong's 27,000 social workers will be required to swear allegiance to Hong Kong and to Hong Kong government and according to labor minister like kwang law says this is due to a government plan aimed at safeguarding national security And that is a look at the media Russia All right let's get over to the next guest It's Eric Val Tunis senior ETF analyst for Bloomberg intelligence to discuss the latest on these exchange at traded funds Eric thank you so much for giving up part of your Sunday as ever Let's have a look at the week ahead of us now and what it means for ETFs And you know does the person who's going to be the next head of the Federal Reserve Sales looks as though J power would be favorite but how does that change the game if at all Yeah I'm not sure it does You know you keep using this phrase that investors are anesthetized They're just very numb to anything going on Whether it's inflation or the thought of tapering or mentioned tapering earlier we're raising rates I mean there's really just lack of reaction And so I look at the flows of this week and it's all I mean it's everything It's a total market funds the cues It's a low ball fund It's IWM which is small caps It's value even triple leverage cues are seeing inflows clearly nobody is a big one IF and which are obviously treasury ETFs They've taken money If you think one of them would be more hawkish let's say brainerd you would not go into those funds so you know if there is one thing that people are doing and probably whoever gets nominated it will probably still happen is inflation And so we see a lot of flows into tips but I think most investors think whoever is nominated of these two people unless they come out and say look if the market really tanks we will not step in next time Until there's some kind of feeling that we're on our own now the fed is not going to save us again I just don't think investors will react too much All right so you mentioned inflation It's the time of year where we can look back and see what some of the biggest new launches have been inflation clearly must be one of them What about some other areas Yeah so this inflation benefactors ETF I NFL came out I thought this would flop It's 85 basis points and it holds some stocks in different sectors that are more sensitive on the upside to inflation And man people bought it It's got almost a $1 billion just a shock hit Again inflation anything with inflation names taken inflows this year Bitcoin ETF we've covered this AD nauseum bit O is up there That's 1.3 billion And metaverse This is one that's just shooting up the charts Meta is the ticker Ever since Mark Zuckerberg did his Facebook to meta transition This thing has taken in money every single day and has taken in about $500 million about $650 million now That's a huge run up and this thing didn't have much going on until that moment It was like a catalyst moment for this ETF Just out of curiosity what would be this sort of three or four biggest holdings Facebook obviously but what else Yeah if you look at meta 'cause I have a note coming out in the CTF It doesn't have as much active shares I want In other words difference from the market because it holds like Nvidia Microsoft But it also own owns Roblox Roblox is the biggest holding at 9.5% That's big If you have kids you know Roblox is like the early stages of the metaverse It's got ten cent in there It's got Intel it's got autodesk unity software So it's like a mix of some of the fangy type names but also some of the room more pure plays But the key thing is people want a piece of this Zuckerberg really just brought attention to it And remember ETFs labeling is huge Literally the ticker is meta It's metaverse And so that really matters If this had some other ticker or was harder to figure out like MRV Z or something I don't know if it would do as well This really is a case study and just right place right time but great labeling Tell me about bits This seemingly is an ETF which is seeking to capitalize on advances in blockchain technology and also Bitcoin futures Yeah we really think this is a smart design product because the problem with advisers and bidding and the other Bitcoin features ETF is the unknown of that futures roll cost If I was an adviser I certainly would not sleep well knowing man How much is this ETF going to miss spot Bitcoin by because of the role So right now looking at ten to 15% which is not pretty Here comes an ETF that is going to give you half a Bitcoin futures and it's not going to do the front of this is going.
"about $650 million" Discussed on Bloomberg Radio New York
"The Bloomberg business App Bloomberg Quick Tape, please is Bloomberg 11 3? Oh now Global news update. U. S. Capitol. Police are recommending disciplinary action for several officers for their actions during the January 6th capital riots, according to the agency. Internal investigations revealed six violations three for conduct unbecoming an officer. One for failure to comply with directives, one for improper remarks and one for improper dissemination of information. A newly released FBI memos suggests some Saudi involvement with the 9 11 hijackers. Divided administration declassified an FBI memo which shows links between a suspected Saudi intelligence operative and to Al Qaeda members who took part in the 9 11 hijackings. The Department of Education is looking into Florida's ban on school mask mandates. The probe is to determine whether the ban violates the civil rights of high risk students. That's the latest I'm Cameron Fairchild, you're listening to Bloomberg Business of Sports from Bloomberg Radio. Thank you so much for joining us. We're here each and every week for you at the same time talking to the biggest names in sports. I'm Scarlett, who along with Mike Lynch and Michael Bar. Let's continue our conversation with us to National Tennis Center CEO Danny's ouster, Michael I don't mean to get up all in your business here, Danny, But you're the guy when they want renovations and improvements. You're the money guy. So what do we looking at for the off season for any improvements. And and cost wise. I mean, obviously, if you're the man that watches all the pennies and dollars can you take us through that process? Well, you know, let's not lose sight of the fact that our organization gave us approval over the last 5 to 7 years of spent about $650 million to redo our entire site, which included a roof over Arthur Ashe Stadium, a brand new Louis Armstrong Stadium in a grand town. Basically we reinvented the entire grounds. So we are not an organization that ever rest on its laurels. So no matter how high the Wow factor is the fans we look at any opportunity to improve it for the following year. 2018 is the first year that the site was completely rebuilt, and we got the benefit of that for 18 and 1919 produced record breaking in every category broadcast sponsorship ticket sales. Obviously 2020 no fans, 2021. They're coming back, but not at that 100% that we saw in 19. So when we look forward, we know that there's really not going to be building in the short term. Of this year. Who's our chief Revenue officer has done an incredible job with our sponsors and partners and bringing in new partners that can complement everything we got on site, So there's a tremendous amount of upside. The growth of recreational tennis in the U. S right now is exploding. And it's an opportunity for us to introduce new people to the sport and to the U. S open, and we also see great opportunities internationally in markets that we just haven't really had a big presence in the past. And hopefully the international fans can return next year. One thing that we've mentioned several times and I feel like we're dancing around it. A lot is.
"about $650 million" Discussed on Bloomberg Radio New York
"Americans honoring the memory of those lost on 9 11 2000 and one ceremonies were held marking the 20th anniversary at the site of the World Trade Center. Shanksville, Pennsylvania and the Pentagon, where Defense secretary Lloyd Austin more in the nation must remain vigilant about ongoing threats to our democracy. A judge in Maryland reportedly eight evidence before taking his own life after federal agents began investigating his role in taking pictures of Children in a bathroom with a hidden camera, Washington Post. Report says agents first went to question Caroline County Circuit Court Judge Jonathan Newell in July about the photos FBI agents found him dead in his home from a self inflicted gunshot wound Friday, where they went to arrest him. One of the last Marines to die in Afghanistan has been returned to her hometown in Massachusetts Marine Sergeant Jihani Rosario was among the 13 U. S Service members killed last month in a suicide bombing at the Kabul airport. Hundreds gathered Saturday to pay their respect. I'm Scott Carr. You're listening to Bloomberg Business of Sports from Bloomberg Radio. Thank you so much for joining us. We're here each and every week for you at the same time talking to the biggest names in sports. I'm Scarlett, who, along with Mike Lynch and Michael Bar, Let's continue our conversation with us to National Tennis Center CEO Danny's ouster. Michael, I don't mean to get up all in your business here, Danny, But you're the guy when they want renovations and improvements. You're the money guy. So what are we looking at for the off season for any improvements. And and cost wise. I mean, obviously you're the man that watches all the pennies and dollars. Can you take us through that process? Well, you know, let's not lose sight of the fact that our organization gave us approval over the last 5 to 7 years of spent about $650 million to redo our entire site, which included a roof over Arthur Ashe Stadium, a brand new Louis Armstrong Stadium in a grand town. Basically we reinvented the entire grounds. So we are not an organization that ever rest on its laurels. So no matter how high the Wow factor is the fans we look at any opportunity to improve it for the following year. 2018 is the first year that the site was completely rebuilt, and we got the benefit of that for 18 and 1919 produced record breaking in every category broadcast sponsorship ticket sales. Obviously 2020 no fans, 2021. They're coming back, but not at that 100% that we saw in 19. So when we look forward, we know that there's really not going to be building in the short term. Of this year. Who's our chief Revenue officer has done an incredible job with our sponsors and partners and bringing in new partners that can complement everything we got on site, So there's a tremendous amount of upside. The growth of recreational tennis in the U. S right now is exploding. And it's an opportunity for us to introduce new people to the sport and to the U. S open, and we also see great opportunities internationally in markets that we just haven't really had a big presence in the past. And hopefully the international fans can return next year. One thing that we've mentioned several times and I feel like we're dancing around it. A lot is.
"about $650 million" Discussed on WJR 760
"With these long dates that we put out in advance, a lot of our co workers are able to time the end of their careers as well. This, uh, this plant Yeah, And that's amazing. It's really important to point that out that, uh, you know that. Obviously, things change, you know, I mean, we don't have blockbusters anymore. People stream their video. You know you you find out you know the technology is changing. Things are going to happen. And if you if you can keep your Employees abreast of that, and you offered job training programs to help them learn new skills, Then it's a lot easier transition than if you just make an announcement one day and says, Hey, you know, I'm sorry. We're not doing that anymore. We're doing this. And so I applaud your efforts to do all of that. Can you share with us? A little of regulators are going to have to approve this. What kind of issues come up for regulators? What do they want to look at? Before approving a plan like this. That's right. So the process really is that we announced today we're going to file this with the Michigan Public Service Commission in June 30th. And they have 10 months to respond, uh, with an order, And during that process, there's all kinds of stakeholders. Environmentalist groups groups that represent consumer advocacy and large businesses that Will intervene in this case and the things that people are looking for really those dimensions that I have mentioned before the balance of reliability Decarbonization. And cost so there will be environmental groups that want to make sure that, um we can validate that. This is a cleaner planet. Our previous baseline plan, Um consumer advocacy groups that want to make sure that they can see the data behind how we get to Fact that this is a cheaper plan. And ultimately, that's what makes it a really good process because all these different voices will be heard throughout the process and make sure that we're balancing that really those three dimensions. Um, so it's about a 10 month journey from here until we actually figure out if in regulatory terms is the most reasonable and prudent plan. For consumers energy and then we move forward from there. And if it's approved, will we see any interruption in service? As as this transition takes place, or do you do you think it will be fairly seamless? We We know it will be seamless and we feel really confident. One of things that's behind this plan is we are also purchasing two are sorry for existing gas, natural gas plants to backfill some of the coal, so we feel really good about the reliability in this plan. Natural gas is a cheaper, cleaner and cheaper source than the coal plants and these are existing facilities. So it's not like we're creating new emissions. These existing facilities that are already in the ground. So we feel really good and the nice thing about solar is it's very modular and it's build, so we will continue to adjust either up or down as we see electricity demand going up or down, depending if there's more electric vehicles and we expect coming on the road or energy efficiency takes hold. So we feel really good about our ability to continue deliver very reliable service. So cleaner, more cost effective, uh, not a lot to complain about on the surface. Hopefully, this will go through the process and we'll get a chance to look at the report that the commission puts out and, uh and you guys will make adjustments as you need to. And, uh you know, it looks like this is going to happen. We're going to make this move and customers are going to save about $650 million And the coal plants are going to be replaced. We appreciate you coming on so much and and walking through this with us, Brian Rich, Consumer energy senior vice president, Thanks for being on the show. Thanks for helping us. Get the word out. Kevin. Have a good day. All right. You bet You're listening to W. Jr. Where Detroit comes to talk. The NBA Conference finals are in full swing. And if you've been watching the NBA playoffs from the sidelines, look now is the perfect time to get in on the action with Vandal Sports book because during the conference finals New users get 30 to 1 odds on any team to win the next game. That means you can win 150 big ones on a $5 bet. And look, here's the landscape. Phoenix leads the Clippers to nothing in their series out West Atlanta on top of Milwaukee, wanted nothing in that best of seven series and look, there are more ways to win on Fanduel throughout the playoffs. And when you do win, you get your money in as little as 24 hours..
"about $650 million" Discussed on WJR 760
"Joining us now is Brian Rich, Consumers Energy senior vice president and chief of of customer officer. Thanks for being with us, Brian, we appreciate it. Hey, Kevin. Great to be with you. This is a major announcement. Really? You guys are leading the way in the country in this area. Tell us how you were able to make this bold move to, uh, to hit this mark by 2025. Yeah. I mean, you've already used the words massive major, bold I without exciting. We were already one of the only utilities in the country to be to announce the Net zero by 2040. However, our previous plan had us using some of our existing coal facilities out until that 2040 date. This plan that we just announced yesterday would actually move all of our recalled coal requirements to 2025. So it's cleaner, faster, cheaper. It's really exciting. So, most importantly, how am I going to be impacted? This is going to be for me. Let's just go to be for your nose for our customers. We balance really three things, which is the reliability and resiliency of our system. We obviously saw what happened in Texas. Earlier this year. The affordability um and obviously the decarbonization of our system. Those are three things that we look at really closely and this plan and to replacing a lot of our aged existing coal facilities with more solar and natural gas provides more reliability. As I mentioned it's it's significantly cleaner the equipment of removing 12.4 million Passenger vehicles off the road for one year with the new carbon emissions. More renewables over 60% renewables by 2040 as I mentioned no coal by 2025, then for you, the customer. You will also see benefits in your bill, which is about $650 million in savings through 2040 compared to our current plan, So you know the days of having to choose between clean energy and price. Gone. Actually clean energy is more cost effective. A lot of these solar plants territories legacy coal plants are in need of major upgrades. There's a lot of fuel costs that we have to pay for. So we really find ourselves this amazing situation where you can be clean and affordable, so I think it's a win win for customers. What did the technology change or get better to the point where you could make this leap and and make it cheaper for for everybody, Or is it or is it just at a point where this is where we're going in the cold factories are old and need a lot of money. Let's let's do it now. Both the coal plants are clearly at end of life. And there are things even on a coal plant that is maintained and in good shape and can run a lot longer, that the amount of fuel handling that we have to do the purchasing of the fuel that we have to do. Has cost obviously the solar and wind that we have in our system. The fuel is free. Every model and production we've been doing the last 10 years of the cost of renewables. We continue to be, um Reality of cost continues to beat with our models and projections are so it's really both, um these planets are at end of life. And we are seeing renewable facilities become cheaper faster than we ever expected. So what? What's going to be the impact on the coal industry? I mean, there are a lot of people who will be worried about their jobs. Maybe even people at your company that are worried about their jobs are they Is there going to be retraining for for your employees and is the writing just on the wall for people who are in the coal industry? It's you know, we have a little little bit history here. We have already cleared 12 coal plants in our fleet. We've already closed seven and we had announcements of the dates of the previous five. And as we mentioned this announcement, we're moving the state's forward into every single instance of closing those conflicts. We've done two things one is we've done right by all of our Co workers that you know to no fault of their own, um, are now part of a technology that's a little bit more legacy and guaranteed and retrained employment for those that want. Fortunately because we announced these dates so far in advance, A lot of people can tie the end of their careers with some of these closures. But for those that want to continue working consumers energies we're gonna do right by them, but I would also add. We have also made significant investments and will continue to do so into the communities that depend on these plants for tax base. Um so to to answer your question? Yes. I think this is going to be a trend that you're going to continue see across the country. More and more utilities getting off with coal. The the right thing to do is to make sure you do right by the co workers. And the communities where these plants exist, and we have done that a couple of examples of your regards to the ski again and see what we've done with our former coal plant up there and on the waterfront. We continue to make sure that we make these investments back into the communities. And so as the solar industry grows, and perhaps the natural gas industry to I'm not sure but our can. Those things happen in any community. Do they have to be in specific places? Your natural gas isn't going to necessarily be where your coal is, Uh do people are people going to be moving necessarily? Or or? Or will there just be a lot of new growth in Solar energy, uh, in the gas industry, where there will be new jobs available for people. Yeah, I mean, we're going to be putting 8000 megawatts of solar across our system and you know, we have very little today. So the growth and it's going from 35% of our portfolio in 2025 to 63% in 2040 so And it's going to be it really can be cited in. Just thought anywhere. Um, natural gas a little different. You've got to be in a place where there is a natural gas pipeline feeding the plants. Or else that adds to the cost. But the other thing, too, is we also have crews that drive throughout the state to do maintenance on our pipes and wires, so there's lots of opportunities for people that don't necessarily require them to actually pick up and move locations..
"about $650 million" Discussed on WJR 760
"Haffner for WJR Health Watch. Those you're hearing the Paul W. Smith Show News Talk 7 60 wjr. While we keep an eye on that collapsed condo building in the Miami Florida area, we take care of other news and business and some of it Very positive and very good. And it comes to us from the president and CEO of Consumers Energy as they've announced a plan now. Well, they've announced a plan. That's even better than the earlier plans. They've announced to clean up our environment and the president, CEO of Consumers Energy Garrett Roe showers on the other end of our line right now, Garrett. Good morning. Good morning, Paul. W. How are you? I am excellent. Other than some of the crazy news. We're getting out of the Miami Florida area with. I mean, we are not used to buildings Just collapsing. Yeah, uh, It's that it's absolutely bad today. It doesn't make any sense. So far. We don't have any I guess the unknown is what makes it even more eerie. That of 40 year old building would just collapse filled with people, this condo that we were talking about, but The big news for consumers. Energy is you've made an announcement. Sweeping proposal to stop using coal as a fuel source for electricity. 15 years faster than you currently plans. You guys are on fire. No, no puns intended. So we have, uh, we have a great plan here. And as you indicated, better better than our first plan to really lead the clean energy transformation and And retired coal by 2025 1 of the first utilities in the nation to do that, and we're really excited about what that means for our customers, stakeholders and, frankly, Michigan's climate I mean, it's amazing news for those who are extremely concerned about our environment, and everyone should be. And, uh, you are convinced you know that what you're doing can still produce reliable. Affordable energy. I have to believe this is expensive because you're you're taking coal fired plants offline long before they're useful lifespan and what they were planned on being used for when they were built. And yet I see in the information Garrick that if you stay on your path to achieve the net zero carbon emissions You're going to do that Which is positive but also save customers about $650 million through 2040 explain that to me. Yeah. You bet. Uh, First of all, let me just talk about the carbon reduction 1st 63 million tons of Co two removed from plant perspective. That's the equivalent of taken 12.5 million cars off the road immediately. So what an amazing opportunity from a planet perspective and to your point doing this in a way that's affordable for our customers. And so it saves $650 million over the course of plan. And that's by retiring some of our old coal plants and building out renewables. 8000 megawatts of renewable energy. Uh, supplemented with natural gas is also so we ensure reliability for all our customers. Certainly, in the unfortunate backdrop of Texas that we had this year. I want to make sure absolutely sure that we're not going to have a similar situation here in Michigan and so reliability of the electric grid is an important component of Of this plan as well and reliability is something that's always been important to you What I've appreciated about you and about consumers. Energy is the reliability for those people who are working in these plants to be replaced. Or placed in other areas. Uh so that they keep working. They still have a job. We have retired seven coal plants since 2016. We have a great playbook. How to do that. We care for both our co workers in those communities where those plants existed, and so we've got a model that we use. And there's great examples in Muskegon, Michigan and Luna Pier just south of Monroe. The work we've done up in Essex, Phil to do a thoughtful transition where Those co workers moving to other jobs within the company, and then we work with those local communities to establish a plan for economic development Post plant closure. It's truly, uh, should be studied by other companies that are modernizing or making changes for the better, uh, for their business and for our environment, Garrick Rocha with us. The consumers Energy president and CEO announcing that they're once again moving up their move to clean our environment 15 years faster than was currently planned. And it looks to me Garrick as I look at this, that You'll be maybe one of the first, if not the first utility in the country to completely end call use. Absolutely. We're going to be one of the first, if not the first to end coal, and we, you know, affectionately caught leading this clean energy transformation. Um, the climate change. Climate change is real, and we're going to do our part to be able to improve the environment and that's pulling out of Co two out of the environment, well, providing an affordable Energy for customers and reliable energy for our customers, and for us, it's a passion. It's a commitment that we have to just do this for our customers are co workers and the great people here in Michigan, And so you know, we're pleased to be serving up this plan. And when we look forward to execute, not over the next few years, tell me in the scheme of things. Garrick what What about your your properties that are using Natural gas and fuel oil, working to close those down as well. As part of this, there's up in the S Dixville area of Michigan. There is a two plants there that use oil and natural gas for their Peking type units, And so they're used in some of the hottest days of the year will also be retiring. Those units oil, uh, for a starting a unit. Um, it's just it's not just There's uh There's other ways to generate electricity that are much cleaner today through renewable energy through just even cleaner, natural gas. And so again, just preparing for the future and protecting our planet. What we do that in fact, that was my next question. What? What are What are the sources now of energy? End of production of electricity? In this case, Uh, what are you going to be using primarily to replace these old coal and fuel oil powered plants. Yeah, There's there's two pieces here. One is, uh, sick. Right now. Our current plan goes from 6000 megawatts to 8000 megawatts of solar. So that's a roughly equivalent about 80 square miles of solar panel. That's a lot of solar panels. But frankly, it's the future and to be able to use the sun's energy to power Michigan. In addition to that there's also some natural gas as part of the plan that ensures the reliability the system. Natural gas is such so much more cleaner than coal, and that allows us to reduce the 63 million tons of Co two that I shared with you that provides the reliability so when the sun is not shining There's still that energy there for for all our customers. Yeah, I would. With all due respect, being born and raised.
"about $650 million" Discussed on KOMO
"You make me doubt myself. I knew it was all for a moment. You did. I went like, not old enough by the way for me, but okay, But tell us how in 2009 That you could trade in could buy Bitcoin. Yes, you could buy and sell Bitcoin by 2010. It had risen from about a penny to eight cents. So if now what? It's mainstream in 2010. You put $1000 in Bitcoin in 2010. Yeah, you'd be track record is pretty good. 1000 bucks. Half a billion. And by the way, 10 years is not long enough for me, but okay, that's fine for you. 1000 would be half a billion By the way, it's ridiculous enough for me, because our we have responsibility to about $650 million of other people's money, which I do not take lightly. Well and the problem with it, It doesn't matter that it has done something. What matters is what is it likely to do going forward and what your argument For it continuing to do what it's doing up an investment. We'll get into this later on. We need to talk more about we will. What investing is because, you know, uh, happy with some of these people. We have another question. If you'd like 855 95 talk is our number. If you'd like to call one in And let's see. This one is really vague, so I am going to Let go. Can I give a vague answer, then? Yeah, sure. Uh, man, I don't even know what this one means. Really? Washington Long term care. Washing. Yes, There's a new tax that's going into effect. If that is what this is about sit, and he's looking for suggestions on how to protect assets and planning ahead for whatever this is. Not getting out in front of this will be a financial pain. Come the fall of 2020 or come to fall and 2022. I don't remember. There's that go into effect next year. They're going to collect a payroll tax that's going to go into a fund to pay long term care. I don't know the specifics beyond that. If you already have a policy, then you don't have to pay the payroll tax. Oh, so you could buy a policy so that you don't have to pay the payroll tax. And please don't ask me how much it is. It's a small number, but I don't know off the top of my head. I just know that that is happening. I don't know why Why is it going to be a financial pain? I kind of see that as a good because I get because you're going to get money deducted from your okay. Paycheck. Yeah, but Somebody's got to help with this stuff because People are going on the Dole. I don't suggest you can't really protect your assets. Here's the problem. This is one of those things I used to have a guy on the show back in the day, all the time talking about Medicaid and how to protect your assets. So when you go into the field medic a spend down Yeah, and it was all about spending down all of your assets. You could give them away. We got the five years back and and and and the and the reason for doing it was so that my kids Get a bunch of money when I die, and the government pays for my long term care. And you get to live in one of those fancy Medicaid places. Yeah, exactly. Those things. Yeah. You want good kid? No offense. You're gonna pay. Um, but I finally kicked the guy off the show. I mean, I had him on a few times because my producer booked because he had a book. But after a while I kicked him off the show because I went. This is just it's almost You could say Probably not. It's unseen yet. Yeah, I think that's true. It's not illegal. It's immoral. Maybe, isn't it feel a little immoral? It does Because basically what you're doing is saying fix it so that I can have government. The government take care of me, even though at one time I did have the assets to take care of my right and often these are the same people who say I don't want the government interfering in my life, but I will take their money. Yeah. Yeah, So anyway, you know, so the long term care thing. Yeah. Please do if you know for sure You can call him correct me, but I believe it takes. I believe there's a new payroll tax. It takes effect next year. You're going to have to pay into this. If you don't have a long term care policy, and if that was not your questioning, your question was, How do I plan for long term care? Well, you need to either get some sort of long term care plan or have the ability to be self insured in the chant and And bear in mind. The realities of long term care are the vast majority of people don't if they go into long term, short term, they don't stay very long. They don't stay very long. They either get better. You get the idea. Yeah. 855935 talk. Give us a call. We'll talk about money life, you know, important stuff like that. 8559358255. You can also call that number 24 7,.
"about $650 million" Discussed on KCRW
"All things considered up ahead on the program a conversation with Oregon Democratic Senator Ron Wyden. He is the chair of the Finance Committee and will be on to talk about the Propublica report revealing tax information on the wealthiest Americans. Also ahead, coming out of the pandemic. You've probably seen a consumer prices climbing faster than they have. Over a dozen years. Seems like everything is more expensive and happening quickly. As they say price of cars climbing fast. So is the price of gasoline. The Labor Department may also offer its own version of sticker shock when it reports on the rise in consumer prices tomorrow and in state and local news at 3 32 what the state said today about wearing a mask in public when the great reopening happens in less than a week after this live from NPR News in Culver City, California I'm Duane Brown. Scientists say more evidence is emerging. That shows the current covid 19 vaccines available in the U. S offer protection from serious illness caused by coronavirus variants. Dr Anthony Fauci as the nation's top infectious disease expert. He says he still concerned, however, about the rate of new infections among young adults. We're seeing now clearly that people who are younger, getting hospitalized and some of them are dying, so people who were young should not feel that completely exempt from getting The risk of having a serious outcome. Dr. Fauci says the Biden administration is pleading with states, particularly those with low vaccination rates to step up their efforts in the coming months. President Biden has set a goal to vaccinate 70% of Americans by July, 4th. Leading opposition figure from Belarus is calling on the US to ratchet up sanctions on Alexander Lukashenko's regime. As NPR's Michele Kelemen tells us there are now hundreds of political prisoners in Belarus as the government Cracks down on protesters, Speaking by phone to the Senate Foreign Relations Committee, exiled opposition leaders vet Lana taken off ski area has a warning about her home country, Belarus Lenka is turning my country into the North Korea of Europe. Non transparent, unpredictable and dangerous. She wants the U. S and Europe to put more pressure on Lukashenko, The U. S ambassador to Belarus, Julie Fisher, tells the committee that more sanctions are coming soon. Fisher hasn't gotten a visa to move to Minsk and Lukashenko government, displacing more limits on the US Embassy there in response to earlier sanctions. Michele Kelemen. NPR NEWS Washington Stocks finished lower on Wall Street, reversing earlier gains as investors await inflation clues from the Federal Reserve. This is NPR and 3 32 on a Wednesday June 9th. This is KCRW. I'm Larry Peril. The state of California has just released its guidelines from mask wearing that will take effect on Tuesday. That's when the bulk of covid 19 restrictions in the state are set to be lifted. Under the new guidelines vaccinated people will be able to go out without mask except in select circumstances. Those include public transportation indoors at schools, childcare facilities, health care and long term care facilities. And correctional facilities, among others. State is asking people who are not vaccinated to continue wearing masks at indoor public settings like retail stores and movie theaters. It is still up to county public health officials and businesses to decide if they'll follow. These guidelines will continue with more stringent ones. Some of California's most disadvantaged kids were able to keep their stomachs fold during the pandemic, thanks to a state program that expanded free meals for public school students proposal being considered in Sacramento this week could make the program permanent more now from KCRW's Tara Patreon. Even at the height of the pandemic school year, a majority of K through 12, California students nearly 60%. Received free or reduced lunch. Leaders in the state Legislature recently unveiled a plan that would set aside funding for a universal school meals program in the state's budget. A chunk of about $650 million That initiative would allow campuses to serve free breakfast and lunch year round to all public school students. No paper worker eligibility checks required like with many district programs. Advocates say it could help reduce stigma for low income students and even improved nutrition levels. If passed. The meal program would be funded by a surplus of money from state taxpayers, along with some federal aid dollars to The current pandemic inspiring initiative has been funded by the feds, but California would take over in the 2022 23 school year. Daily County Board of Supervisors has voted to explore using federal covid 19 relief money to beef up its unarmed psychiatric mobile response teams. The teams of clinicians are run by the Department of Mental Health there an alternative to the mental evaluation teams staffed by the sheriff's department with the deputy and clinician. There are about 30 of the unarmed mental health teams for the whole county. But demand is so high that response times can be several hours, maybe even an entire day. Mark Gale is with the National Alliance on mental illness, he says. They need more people. There is absolute chaos going on out there. I talked to families all the time. There's just not enough well trained clinicians out there to respond to crisis..
"about $650 million" Discussed on KCRW
"French and then they give good tips. So that's good for us. The curfew in France will also be pushed back from 9 to 11. PM The curfew will be abandoned entirely in the third and final stage of reopening on June 30th. Eleanor Beardsley. NPR NEWS PARIS stocks opened higher this morning amid new signs of rising prices around the world. NPR's Scott Horsley reports. The Dow Jones industrial average rose about two points in early trading. China today reported a big jump in wholesale prices, but inflation at the consumer level was more muted. Rising costs for commodities such as oil and computer chips were cited as factors behind the 9% jump in wholesale prices in China for the 12 month period ending in May. That's the sharpest increase in 13 years. Consumer prices rose just one and a third percent. The Labor Department is set to report on consumer prices in the US Tomorrow. Inflation has been elevated as the economy rebounds from the pandemic recession, but both the bite administration and the Federal Reserve say they think that's temporary, not the beginning of a lasting upward spiral. Economists surveyed by the university Chicago are uncertain. Scott Horsley NPR NEWS Washington On Wall Street, the Dow is now down about 15 points. The NASDAQ is up 43. This is NPR from the David Burnett Foundation newsroom at KCRW. I'm Cherry Glazer. Governor Gavin Newsom's administration is defending his decision to keep the Covid 19 State of emergency declaration in place past June 15th when California is scheduled to fully reopen Newsom's Legal Affairs Secretary Anne Patterson says the legal state of emergency gives the state more leeway to respond to a crisis. So our vaccination program our contact tracing testing programs. All are able to be centrally managed and facilitated, and we provide resources for all of that, through the statutory provisions that are opened up by having that state of emergency. Newsome has been taken to court by critics who allege he's overstepped his emergency powers. In a case that's pending this week, three Republican state lawmakers sent a letter to the governor asking him to explain his decision to keep the declaration in place. Meanwhile, another Republican, is considering Iran to replace Newsom in the recall election. And for the first time, it's a sitting lawmaker, Assembly member Kevin Kiley, a Rockland says in a blog post. He's not ready to take formal steps to enter the race yet, but he's been meeting with the leader of the effort to oust Newsome from office. Kylie says they formed a group that will advise him on whether he should run. Kylie has been while the most outspoken critics of the Newsome administration's handling of the pandemic. Some of California's most disadvantaged kids have had full stomachs during the pandemic, thanks to a state program that expanded free meals for public school students. Now proposal being considered in Sacramento this week could extend that for good. Kcrw's Tara a. Triana explains. Even at the height of the pandemic school year, a majority of K through 12, California students nearly 60% received free or reduced lunch. Leaders in the state Legislature recently unveiled a plan that would set aside funding for a universal school meals program in the state's budget a chunk of about $650 million..
Judge approves $650M Facebook privacy lawsuit settlement
"In San Francisco has approved to $650 million settlement of a privacy lawsuit against Facebook for allegedly using photo face tagging without the permission of its users. 1.6 million residents in Illinois are going to get money in the class action lawsuit settlement
$650 Million Facebook Privacy Lawsuit Settlement Approved by Judge
"Bruce, a federal judges approved a $650 million settlement of a privacy lawsuit against Facebook. Allegedly using photo face imaging and other biometric data without the permission of his users. The deal is the result of a class action lawsuit filed in Illinois in 2015 nearly 1.6 million Facebook users in Illinois who submitted claims will be affected. It's one of the largest settlements ever for privacy violation. This is
White House to provide $650 million to boost COVID-19 testing at schools
"The Biden administration says it will spend $650 million to expand coronavirus testing for K through eight schools along with underserved areas such as homeless shelters. White House covert coordinator Jeff resigns Bringing vaccinations the places communities know and trust. Community centers, high school gyms, churches and stadiums nationwide. We're standing up innovative, high volume, federally run sites that can give over 30,000 shots a week. Us is vaccinating on average 1.7 million people a day. That's up from less than one million a month ago.
"about $650 million" Discussed on WDUN AM550
"When we used to meet him pop in public. We had the little squares and we bet on the Super Bowl and you know, we there's Caleb and I. He thinks that That the Kansas City Chiefs are gonna win by four. I think the Tampa Bay Buccaneers gonna win by four and we're gonna talk about the money that changes hand next. No, not really. But what do you think about this Sports betting initiative. Well, uh, as the Professor memory was just saying a moment ago. You don't want to be the last person last state in the region to to approve it if you're going to improve it. Yeah, I don't think it brings many jobs and but it does bring tax revenue. And I don't know what the really Jury's still out on what the social impact evidence in terms of social costs and so forth is not like casinos or Our Horst or horse racing where there's a A lot of jobs attached to it, but it does create regiment and I think a zoo you point out absolutely point out is going on in a way, but that's not a reason to approve it just because people were doing it. S so but I think that we've got to see the details of the bill is see exactly where the where the money goes, and exactly what the fiscal note is on it and what it produces. And what the trade office. So I think the jury's still out of the moment. They'll be a bill at least one bill this this year own sports betting, and it's got a very high likely to pass it. So tell us about the legislative session this week. What was accomplished. And what are you working on? Happy to? Um, you know, we had some discussion with so go about election reform. And a lot of that. Is that those tweaking of Items on election reform, Whether it's uh In person. Ballots versus mail in ballots versus absentee ballots, etcetera, early voting, etcetera. All those things are still in the pipeline. There will be heard in committee. Uh, a couple of more heard this past week and then they'll be hurt again. This coming week. And But the main item we worked on this week was the budget and the budget really was quite an accomplishment to be very candid with you. In terms of the monies. There's about $650 million overall increase in state spending you of course, that we worked on the amended budget, which will work runs through June 30th. Uh, and the largest increase was in the education. Uh, there was also increased for public health funding. Uh, there's some criticism week. Two guns that we didn't put enough money into public health. Funny. The fact is public health got $1 billion from the federal government a billion for the vaccines for vaccine rollout for testing, etcetera. So I felt like that was really More than adequate on to put a lot of money and in public helped wasn't Very wise at the moment, but our revenues are up. Our revenues are strong, You know? Look in the rear view mirror. Georgia was one of the last states to shut down and one of the First dates to open back up. And our economy has weathered the storm. For the For the most part. We have a lot of folks that are out of work. We have a lot of folks, it won't come back to work. Calls have gotten so much in federal assistance right now Going back to the budget there was also helped for nursing homes. Nursing home has been hard hit. As you can assume we all know you read about it in the papers and everybody in the media and so forth. And then, um Uh, Another key issue was the labor Department. You know the labor the Labor Department had There there. Requests on there. Activity group tenfold. And s o that That's another, Adam, that we're gonna have to address. Just make sure that we're, um Keeping a strong healthy But you know, dependable economy and a strong, healthy budget, and that's that's the difference out there. I heard I was driving in the car for minutes ago, and I heard you guys talking about Washington and Etcetera, and I will have to tell you, um You can make a headline. You can make a difference. And if you make a difference, the headlines will take care of itself. And I think that a lot of folks in Washington have lost that. That, um, that salt? Hey, Butch, Let me ask you. How does this sports betting thing work? Like if I wanted to bet on the Super Bowl tomorrow? Would I go on to a government run site, state of Georgia run site and put my money and make a bad is kind of like the lottery. It won't be a state of Georgia run site. It'll be an app typically on your phone and you have geo fencing, so they'll know If you're in Georgia, they'll know you'll have to have already. Registered. It'll have you your name or so security number your address, etcetera, and you'll go on that after your place your bet that way and right now they're talking about a The in terms of the seas of the taxes. This there's some states that do as much as 25%. Attacks on it. And there's some states do his little do his little is 10% tax on it? So I think if we approve it, yes, that's the biggest. And we're going to probably land somewhere in the middle. You know the taxes they're talking about. I've heard two years 14% of her figures and 16% so Those those in the best way to work. So then I'll get money back. If I win. It's like actual money. Not like bingo chips or something. Not like bingo chips. Okay. Daniel also unit in 99, You know it's It's funny to me, but I gotta come parading through my mind which maybe maybe I'm crazy with the way I think about things. Is like, so no more no more parties where you break you get to bed. And you and the winner takes the pot. No, no more grids Know where you get the final score? The Yeah, I think well, and I obviously there's a lot of things to look at. What's the compliance and other states? How does that work? Um, you know, I'm a zoo. You know, I supported the horse racing initiative, and I've supported it for years. Just because I see you know, I have a daughter in law. That's it just competes in facades. And so I've gotten a little bit of Of of look into how that works in Kentucky, because that's where they live, and you know it. Zapruder big business that brings in a lot of jobs, and you don't see the kind of corruption that you see with casinos in horse racing. I'm not saying it's not there, but you just It's not his. It's not as prevalent, but I've always supported that. But I don't think it's going to go anywhere this year, and that's that's fine. What do you see as the biggest challenges between now and the end of the session? When we were the The new fiscal year budget is gonna be a challenge, but we're trying to make sure that the states Um Monetary position. Strong way. 10% across the board cut. Last year. When we went into this pandemic, we backfield most of the most of the cuts, in particular with education. Um, we've created a new programs for All vaccines, distribution and and labor Department of issues. Those are those are big issues in a boat. They're gonna come along, frankly. I have said from the When I was initially elected in 2010. Yeah. The growth. Uh, that's gross inefficiency of government. Inefficiency of government is absolutely overwhelming. You could run your business The way you have is one. If you did, you'd be bankrupt. And in Georgia, we have a balanced budget. And you know we should have a balanced budget on the federal side. But we don't I doubt that we ever will have But the fact the matter is Oh, The budget will continue to be a challenge. I think we'll have it. A lot of issues with regard to health care and education. In transportation we've got we've got to do something about freight logistics..
"about $650 million" Discussed on Biz Talk Radio
"Jim, Come on, Jeffy. One more. It's a race across time zones. Come on, you two. Let's go. One on one from anywhere. Relax your shoulders, John. Each member on every instructive here to lift you up. So join in now breathing. We got eyes Go straight out and see your best self in from here. Between work, family and everyday life. I can't slow down. Thankfully, CBD nd helped me conquer the day and with so many products to choose from CBD, MD has something for everyone. Their products are teach decree always tested by independent labs, and they're no hassle guarantee really puts my mind at ease. CBD. Indeed, comics shopping so easy take advantage of instant savings and fast free shipping available. It's CBD MD dot com. Covers of fundamental metal. That's important for almost every aspect of what we do. It's used in buildings is using electrification of vehicles at regular street sources. We focus on finding large copper or copper gold deposits. We tend to look in South America where we have many decades of experience previously had the company called interest Minerals, where he had the good fortune to discover the cure deposit in Southern proved And managed to sell to first point for about $650 million Regulus and to Cory Copper Gold Project is located in northern Peru. We're very, very excited about this project, it's emerging to be one of the more exciting copper gold discoveries worldwide. Right now we've been drilling on it for a couple years. We put out our first resource last year over 250 million tons of indicated resource and an additional 260, plus million tons of inferred mineralization. Had very attractive copper gold grades, but it's an interim resource that there's room for that to expand our face to program is announcing very encouraging results. And we've just received permits to step into a promising area called anti North to the north. We're hitting strongholds, indicative of a very large system if we had 600 plus meters of 6000.84 copper by itself with the exciting if we had it of 1 G of gold by itself of the site. This has combined great and it's not the only hole hole 34 had over 800 M. At 8000.77 corporate movement in our mind, we still haven't really hit the more exciting part of the geophysical anomaly. It's news markets and politics, shaken and served with a twist on liquid lunch. Join host John Tobacco weekdays at noon. Eastern Live on Biz TV. That is the number one priority in your life. Christ demands first.
"about $650 million" Discussed on KCRW
"Access to anything. Some of the community members don't even have health care. So if they come across any lead poisoning, who's going to pay for that mistake? Moriero. They can sell familiar, nor I can sit her mother Lord, this Valle de vino says her two cats died of cancer, and she didn't really know why. And then she got cancer herself Kidney cancer. Even though she doesn't have any family history of the stuff, and it's not just her immortal neighbors cancel cancer was tempted, She says. A lot of her neighbors and their pets have also developed cancer. She blames Exide and lead has been linked to cancer. They're even lawsuits about it. State of California, has identified about 8000 properties within a roughly two mile radius of Exide that need to be cleaned up from East L. A to Belle and Maywood. So far, the State Department of Toxic Substances Control or DTSC for shorts, says it's done about 1/4 of the cleanup, including the Valda Venus, his home. Which had its soil replaced a couple of years ago. There are still thousands of more properties to go. And now there is a big question mark hanging over how all of this will be paid for. A federal judge last month approved that Exide bankruptcy plan that calls for the state to cover the rest of the cost about $650 million right now. MEREDITH Williams heads up the California DTSC all along. We had been expecting to pursue excited for cost recovery, but you're absolutely right. These cleanups are expensive. Um, and it's it's It's uncomfortable, but right now the state is on the hook. For into the cleanup, and that means the taxpayers will likely be responsible for cleaning these homes. Now X. I do not respond to requests for comment from K C R W But in the past, the company has claims it's not responsible for lead contamination outside the confines of its plants in Vernon. Which it took over about two decades ago. Instead, other sources are to blame, the company says from lead paint on houses to other industrial facilities nearby. But residents just don't buy it. They've complained for decades about what they call the health risks caused by Exide's plants. Now, the bankruptcy plan has once again brought protesters to the streets demanding more resource is for this cleanup. Frustration extends beyond excited, though, if you ask community activists like Mark Lopez, The state is culpable, too. He, another activist with the nonprofit.
"about $650 million" Discussed on KCRW
"Health problems. From anemia to birth defects to lower I Q and kids Guadalupe Valdo Vinos, whose mother You just heard from earlier, says Exide victimized her working class Latino community. Clearly, this is environmental racism. We are just collateral damage. We don't have access to anything. Some of the community members don't even have health care. So if they come across any lead poisoning, who's going to pay for? That means those got Moriero they can serve. Damn it! Familiar noise? Comes it. Her mother, Lourdes, this Valle de vino says her two cats died of cancer. And she didn't really know why. And then she got cancer herself Kidney cancer. Even though she doesn't have any family history of the stuff, and it's not just her neighbors cancel cancer was tempted, She says. A lot of her neighbors and their pets have also developed cancer. She blames Exide and lead has been linked to cancer. They're even lawsuits about it. State of California, has identified about 8000 properties within a roughly two mile radius of Exide that need to be cleaned up from East L. A to Belle and Maywood. So far, the State Department of Toxic Substances Control or DTSC for shorts, says it's done about 1/4 of the cleanup, including the Valda Venus, his home. Which had its soil replaced a couple of years ago. There are still thousands of more properties to go. And now there is a big question mark hanging over how all of this will be paid for. A federal judge last month approved that Exide bankruptcy plan that calls for the state to cover the rest of the cost about $650 million right now. MEREDITH Williams heads up the California DTSC all along. We had been expecting to pursue excited for cost recovery, but you're absolutely right. Thes cleanups are expensive. Um, and it's it's It's uncomfortable, but right now the state is on the hook. For into the cleanup, and that means the taxpayers will likely be responsible for cleaning these homes. Now X. I do not respond to requests for comment from K C R W But in the past, the company has claimed its not responsible for lead contamination outside the confines of its plants in Vernon. Which it took over about two decades ago. Instead, other sources are to blame, the company says from lead paint on houses to other industrial facilities nearby. But residents just don't buy it. They've complained for decades about what they call the health risks caused by Exide's plants. Now, the bankruptcy plan has once again brought protesters to the streets demanding more resource is for this cleanup..
"about $650 million" Discussed on NewsRadio KFBK
"Going on the Republicans, the Democrats have been playing whack a mole. In in Ah, back in Washington, D C over additional benefits over Cove. It's so whether the airlines get these or not, is anybody's guess. But You know they went out and they said, Well, you know, we're going to be good guys are going to give you back. We're not going to charge change fees because it really aggravates people. And we'll do something nice and make it look like we're good citizens. And then the government will give us a whole bunch of B s in billions dollars and will be Living happily ever after. Well, let me tell you about how that works this year in the Cove. It's second quarter. The airlines collected 80 million roughly in change fees. Last year with no Kovar. They collected 739 million in one quarter. That's that 200 bucks to change from Tuesday to Wednesday or whatever. You didn't get a refund of your ticket. You just change. You paid a fee, so roughly about 90% of that revenue went away for the airlines. So when they said, Well, we'll just not charge this. They had already lost 90% of it. So it wasn't that magnanimous of a gesture to give away the other 10% to try to make themselves look like good people and folks say, Well, you know, the fees are gone and they said they'll never be back and I will tell you that's just domestic tickets, and it's not the really cheap tickets and it's not the overseas tickets. And there's not every ticket is included there and you watch. They will do a whistle on us because that's the way the airlines do, and they will call it something else, because if they don't some of us might catch on to what's going on. And the airlines they're smarter than that. So you watch these fees will be back. At some point, not very long from now, because the airlines or not, you do the math. That's about $650 million in one quarter they didn't collect. That's a couple billion dollars a year just off the change fees. So you can be certain that they will find a way for those to come back. So no enjoy the no change fee thing. Why you can't see Southwest is not going to is going to keep the middle seats open through November, 30th. That means Thanksgiving travel. We're going to talk a little bit about holiday travel here in a couple minutes after the break, Um Let's see. What else have I got here? Cove it hard to get on an airplane. 320 passengers were on a Japanese airlines flight. This has been a few months now. Everybody on the plane was tested. Nobody was infected. So keep in mind when you're flying that the air on the Plains is recirculated is is changed about every three minutes. So you really have to have somebody like right next to you just coughing and hacking on you and touching you and stuff like that. The Holt it is. It is very difficult because of that air exchange to get Covad. On an airplane. Ah Fairmont in San Francisco on Nob Hill has reopened. Salt Lake City has opened their brand new airport course They don't need it as much as they needed it when they started building at a couple three years ago, But Brand new airport in Salt Lake City, Thanksgiving. Macy's Day Parade has been canceled in New York City, and I think that's about your travel news for today. Well, there you go. And thank you for the unsaid. The unscheduled one man's pension. Well, I know you occasionally. Occasionally you enjoy a game of chance. Yes, I was very, very good. Alrighty. We are the travel guys. And next up is our smarter travelers segment. We got a couple of real good ones for your folks. So stick around. That's next here on the travel guys. News.
"about $650 million" Discussed on KLBJ 590AM
"Modify it to a point where it's essentially no longer the second Amendment. There you go. President Trump yesterday afternoon. Yeah, I I I agree with him during the hearings with Cavanaugh's She was she was brutal. Yeah, and offensive. Yeah, and clearly was, although there's so much showboating that goes under and those saying she was over the top with her showboating and see that I see through her because what Really is about for her at the end of the day is about the limelight. She loves it. She loves the attention, phony and very, very phony show other and I think Wei need to be afraid of her. If Biden was elected and buying done last year in his term, and she takes over The things she would support, I think would not be good for the safety of this country. Listen, I was surprised me and I had her on the short list, but I was surprised when he went straight to her. Joe Biden was surprised when he found out to 9 34 Check this out time and time again doctors and public health experts they've been telling us to mask up and help save lives. But now a group from Duke University researchers there saying that that's not the case for all mask a study to determine which mask of the most effective when measuring the results of the mask, okay, that they should be reducing. You know, the respiratory droplets. This is what Duke University focused on. And ah, very critical of those, You know, they're like, sleeves that you pull up over your head. Yeah. Lot of hunters, fish. You know, guys go fishing. They wear these things you've seen and they've become a real hot commodity. Apparently, they make things worse. They do according to Duke Research, Okay, why? Well, apparently that the droplets can filter through and they're actually chopped in half and made smaller and when they're made smaller, Apparently they float in the air longer. Okay? That's what they say. A Duke university. OK, alright, makes things worse. I don't know what to believe. You know, you know, I mean, that's that's what I'm wearing. Right? You know what I mean? I mean, I would think that they probably think the N 95 mask is the best in the only one you should be using. But those are not wildly available. I'm doing the you know, the classic blue surgical mask thing, the disposable surgical masks that I'm doing that. Yeah. And like you're like most people, I bought a bunch of them online. You know, when you buy a bunch of one time, you know, and they're the ones that that that the Duke does not like. Right? Yeah. And the only time that I really don't like the mask is at the gym. Haven't aware this thing when you're sweating like crazy and trying to breathe, that's when I don't like it. On. I wonder how that's what I wonder. Am I doing myself more harm? Breathing in my own? Ah, you know my own carbon carbon dioxide? Yeah. Are you Carmen Dogs in my in my hurting Could I pass out from that? I've wondered what if you start to kind of pull it off, You know, fresh air do that. I've got no money once you fall down or anything like that. Do you think the problem I have is some people get irate? They get so angry. Whatever. Ah business reminds you to put your mask on. Yeah, Let's be clear. It's not the waitresses fault that the rules are in place. You know what I mean? It's not the hostesses fault that you're required to wear a mask in that business to keep that in perspective, there's no need to take any of this. Your anger your frustration. You're not sending a message or making a political statement when you yell at some 15 year old girl now, you know, you know what I mean? You're not helping in check this out of Louisiana teenager is telling the story of how she was attacked on the job. Kelsey Wallace, working at a Chili's in Baton Rouge. So everybody loves a good chili's hamburger. They're great. They are going. They are really, really good. Well. This 17 year old straight out of high school said that she was following the social distancing rules when she Tried to see the party of 11 last week, and she was the hostess. Yeah, now the woman, the woman became irate when they were told that they would not be able to sit at the same table. Got to split you up. You got 10 can't do any more than you know a certain number of tables on a split shift, Get your calls, but you can't be together while Wallace went to get her manager to explain the rules, and then Kelsey said, That's what one of the one girl came and just hit her punch too. Right in the face. What's just started brawling right there. In the lobby of the Chili's Things were afoot at the chilies. And everybody who say say they was just started hitting the group starting hitting this girl 17. She was taken to the hospital where she got stitches above her eye. They beat the crap out of her because she was just trying to follow the rules of business and that the state had imposed on everybody. Not cool. Just a child and we've heard of other. You know, we were. What was it the the Sesame Street theme park that where apparently this happened? This kind of thing happened as well. This is this is ridiculous. That's really sad. Yeah, this is you know, the waitress at the Chew Ease, and Matt's El Rancho, one of a restaurant. It's not their fault in, you know, Taking all your frustrations out on them is kind of going. You should probably just stay home. If you're that fresh. You probably should. You got bigger issues to be concerned. That's a big deal. Really. So the squad About the squad. They had real real success last night. The squad got all Ah renominated if you will, on the left the costal Cortez received to lob. You know Ellen Omar the whole band the whole band. Yeah, they got the party's nomination. They won their I guess the primaries if you will, All right, so they feel like they've got a mandate now. Another member of the squad is successfully fended off a primary challenge. Minnesota representative Ellen Omar, who hates America in its current fashion, and I'm not very true. I'm not exaggerating. That's the truth. She defeated her challenger and tell Melton, 57% to 39%. And Ah and and listen, the opponent raise six times more money than she did. Yeah, Omar became. Ah Household name is part of the squad. You know, the group of four progressive women who are Who Who? Who now if Joe body wins will have even more of a power? Yeah, because Kamala Harris is just like them. That's a lot of anger right there, man. It really Yeah. That's enough anger to power. The whole country right here. Well, she you know what fellow squatters issue got Rashida lob Who? Alexandria, Cortez. They also fended off primary challengers. Well, this doesn't mean a whole lot. The real issue is who will be the opponent come Election day. That's right. You know what I mean? And I think it's some of these places People want. Want some change? Maybe not in Minnesota, where she represents Ilan Omar, but in other places across the country. You know a lot of friends. You know, we're typically just left of Centre kind of leaning. Just write a center. Now I tell you what I wonder if if all this craziness from the far left that's been going on is going to start to take its toll soon, and people push push people away. I think it's tio too far led to about $650 million in property damage of the past couple of months across the country, write countless shootings. Murder homicide. If you will. In these protests, we've had tremendous death. Countless number of police officers that have been killed on injured during this process. Just life. If you're getting tired of this progressive left now was definitely the time to rise up. 9 41 Here, it K. L B. J. Todd and don show Brandon Hedgecock Hedgecock Dental wants to remind all you folks that maybe you've been putting off your trip to the dentist during the covert thing. You can't keep doing that, because if you're neglecting any issues regarding dental issues, you're making the situation worse. Whether it's putting off a cavity being fixed up or any other issues. You got to go get your teeth clean to every six months. You can't put that offer You're risking.
"about $650 million" Discussed on KQED Radio
"It's here and now as protests for racial justice continue across the US individuals and companies are backing their words up with action by moving their money into black owned banks. Netflix is among them. The streaming giant announced that it will put $100 million in deposits into black owned financial institutions. James Sills joins us Now He's CEO of MNF Bank and Durham, North Carolina. It's the second oldest black owned bank in the U. S. James. Welcome. Thank you. It's great to be here today. And have you noticed more people putting money in your bank as a response to the conversations that people are having about race in this country? Yes. Over the past two months, we've seen a significant uptick in business. From consumers, but also from small and medium sized businesses. How much we've probably seen an increase of close to 20% and overall deposits. Which is excellent. Yeah, And do you know anything more about about who these customers are? Are they white customers? Black customers who's joining you? We're actually seeing it from all over. We're getting ah minority business customers, White corporations, white customers. Latinos. We're a community bank, and we're seeing support from all segments of the community. A similar movement people moving their money into black owned banks happened back in 2016. How does this compare? And is it significant enough to actually change the way that you do business? That initiative was primarily Mohr consumers. The difference this year with this particular event is there's a greater feeling of responsibility. To support businesses and organizations that directly support their communities like our bank. And so what's interesting is that Ah high percentage of the accounts that are being opened now are small and medium sized businesses. And you know, this is the kind of consumers and businesses that we'd like your bank. I see managers about $265 million in assets. The country's largest black owned bank, one United Manages about $650 million. Now compare that to a bank like Wells Fargo, the number is astounding $1.9 trillion. And I just wonder if if the wealth gap between black and white families in this country originates at all, because of this disparity in the banks themselves. Great question. Yes, it does. The average white family there that worth is approximately 160,000. The typical black families around 16,000. Additionally, there are so many business owners that have been in business for significant periods of time. They've been able to generate wealth over many, many years, and that's really contributing to the wealth gap because some of those other businesses have other means in terms of access to capital that minority firms do not have thie F is black families are also far less likely in this country. To use a bank. So tell me more about the consequences of structural racism in the banking and financial sector's generally speaking, about 43% of the minority community is underbanked or unbanked. And there's this fear of actually establishing a right relationship with a financial institution..