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616-If Missing One Paycheck is a Problem For You, You're Behaving Stupidly
Welcome to radical personal finance a show dedicated to providing you with the knowledge skills, insight and encouragement, you need deliver rich and meaningful life now. While building a plan for financial freedom in ten years or less money. Ms joshua. I'm your host. And today, we talk about making sure that you are not behaving stupidly with your money. So that you will never be in a position of slave who lives in fear of losing a single paycheck. We begin with a short excerpt from this morning's program of morning edition on National Public Radio air, travelers are used to flight delays and cancellations because of the weather maybe mechanical problems. Well, it soon might be the partial government shutdown that is disrupting travel new planes are not being certified to fly security screeners and air. Traffic controllers are working unpaid. Here's more from NPR's David Schaper in Chicago have here Chicago's O'Hare airport. Standing next to one of the large seat. Not eighty scanners. It's essentially a CAT game for your checked luggage. And the TSA officers who operate this machine. They're here at work lifting the heavy and sometimes odd shaped and overstuffed bags onto the conveyor belt to go through the machine. Even though come this Friday, if the shutdown continues, they won't get paid. And that presents a severe financial hardship for many of these officers. I've been here sixteen years. Plus, I am a single mom Christine vitality. The security screener at O'Hare with the son in college. She's trying to figure out how she'll pay his tuition, and I just bought a house. I'm not going to pay my mortgage a lot of the officers. They live paycheck to paycheck. Janice, Casey is president of the union local representing TSA employees in Chicago. And she notes that you're among the lowest paid, federal employees. Some average thirty six to forty three thousand dollars a year but start only in the mid twenties and for some TSA workers in their families the situation. Could get dire rather quickly. If there's no check on the twenty six I have no idea what we're gonna do 36-year-old. You cinders husband is a TSA officer in Portland, we're not using your last name because she fears. He could be fired the two kids a six month old girl in a boy turning four of the end of this month. Yes. Into says, they are planning to buy a few presents and decorations to celebrate. But now they can't Iraq do electric Bill is to our cell phones are now past do you soon to says her husband's hiring by the TSA three years ago helped lift the family out of poverty? Now, she fears the shutdown. We'll set them back and scared, and I'm trying to be okay. His can't be fat everyday mitch's heavy stressed out because it affects how I parent, you know, my husband's stressed out to and you has to go to work and deal with it at work. And you know, he's knows he's working for free, which is ridiculous. Even more ridiculous cinde says that he came home the other day with instructions on how to file for unemployment while he still working forty hours a week. And the situation is not much better for higher paid essential government workers like air traffic controllers at the very high stretch job. And you need to be on your game at all times mic divine is with the national air traffic controllers association in Boston. And he says the shutdown is forcing controllers to make tough financial decisions and it weighs on them heavily. There is a concern that has viscose on that that the human factors aspect of this shutdown. We'll take a toll on the psyche and the concentration level of our members. And they do the best job that they can't each and every day nearly twenty percent of the F as ten thousand air traffic controller that's enough. You get the point of this particular report. Now, don't worry for a moment that today's show will have anything to do. Do with politics. The extent of my political commentary is this. It's ridiculous that the United States of America is going through a so-called partial government shutdown is ridiculous that the government of the United States is dysfunctional. This is just simply an expression of the same dysfunction that has been going on for years. And as far as I'm concerned, you can expect it to continue and get worse. It is ridiculous. Not political commentary done. You don't have to worry for the rest of the show that will talk at all about the government shutdown. What I'm gonna talk about is you if you are living in fear, and you're managing your money in such a way that the loss of a single paycheck. Which if you're a government worker is almost certainly a temporary postponement of a single paycheck. If you are living that way, you are behaving stupidly. You are managing your money stupidly. You are acting and living like an idiot. Stop it. Don't be stupid. Now, this is your first government shutdown, and you are eighteen years old. And you just got your job last week, and your mom just died from cancer your dad just went to prison, you graduated from high school, and you've just got your job making twenty two thousand dollars a year. And you're still broke. I'm happy to extend to you as much sympathy as you need, I'll buy groceries, I'll lend you money to get your rent through. I'll help you out and all of your neighbors on every side of you will do exactly the same thing. So we'll every family member. So we'll anybody in your community. They will get you through. But if you are a government employee, and you're freaking out about the postponement, the temporary postponement of a single paycheck. This should be a giant slap in your face to recognize that you are living stupidly. You're managing your money like an idiot. Now, if you are not a government employees don't all of a sudden think well, I'm gonna save because I'm not a government employee. It's especially bad for government, employers, employees, what number of government shutdown is this in the last couple of years in the last five years come on this at this point. It's it's it's a habit. And if something happened the first time, the very first government shutdown then maybe again. Hey, well, maybe I didn't never know. This was possible. I thought I was working for the government. I can't be fired. I can't be laid off. I'm just going to collect this Jack. Everyone says it's a great stable job after all the US government backed by the full taxing authority of the United States. Okay. Maybe you maybe you were in a situation where you thought that you were totally safe, but come on do you not read a newspaper. Are you not aware of the fact that a government shutdown as signaled months in advance? Did you never conceive that somehow the politicians who have been using this as a standard operating procedure for resolving conflicts for the last increasingly again, and again and over the last few years. Did you not think it might happen again? Why are you not paying attention to what's in front of you? Now back again, if you're not a government employees. Do you not recognize that making payroll is tough for most employers? Do you not think that it could also be you working in the private market? You might miss a paycheck your employer might be late. Many employers all across the United States of America when they go into the week on Monday. They don't know how they're going to make payroll on Friday. I don't know the percentage, I I don't know any way we could find out the percentage, but I do know that the number is many. I've talked with a lot of business owners. I have been that business owner trying to figure out how do I pay? How do I make my payments? You face as a non government employees, an even bigger risk than a government employee of not making you're not being paid this week or next week or whenever you're next payday is. And here's what's worse at the current stage of the collapse of the US American financial system. There is almost no possibility that the government workers who are currently furloughed and currently not being paid will not actually be paid. It is almost inconceivable that this particular phase of the financial problems that the United States is in will not result in everybody being paid back pay. That's always what happens or so it's happened. So far in these particular situations, the government workers always get their money. They'll be paid the backpay. Once the problem of the conflict comes to an end once congress passes their budget and spending resolutions, they will be paid. Now will that be the case in five years twenty five years? I don't know. I wouldn't be so confident of it if it were twenty five years from now, but in today's world that is almost certainly the case, which means that all of these people who are facing the loss of one of their paychecks. We'll eventually be paid. But for you, a private sector employees. You have no such guarantee. You may show up for work on Monday morning, and there's a chain around the front door of your office over the weekend. Your employer filed bankruptcy. Are they gonna pay you your back pay? Are they going to make the paycheck? Happens all the time. The answer is no or if it is there's no certainty of it like the government employers have that virtual certainty employees skews me had that virtual certainty. You don't have that virtual certainty, and if you do get paid it'll probably be quite a way into the bankruptcy proceedings. Feel free to file your claim with everyone else. The point is we are all vulnerable to disruptions in our income. Now think with me for a moment about how utterly ridiculous. This particular. News story is a first of all. Indulge me for a moment. I find a very hard time. Have such a hard time hearing employer. Sorry reporters. Try to engender sympathy by describing that somebody's job is hard. After all these TSA employees have to lift heavy and odd shaped packages in boxes and luggage through the machine. What did you think the job was? That's your job is picking up heavy suitcases that people's belongings that they're trying to get through the airplane. Why don't you feel the same sorry for the people who calling them? It's a ridiculous. That's why you hire people. Who know my job is to pick up heavy things or the the the the workers in an a air, traffic controller. Oh, it's a stressful job. Of course. It's a stressful job anyway continue back to money. We live in the most of us the predominant audience of the of the radical personal finance base in the United States, America. Okay. Missoula the people profiled in the story live in the richest country. Not on the continent. Not on their side of the world the richest country in the world. Not only the richest country in the world the richest country in history. There are all of recorded human history. There has never been as wealthy and affluent a society as the United States of America. We live in the richest country in the history of the world with an economy that by all objective metrics is doing better than it's ever done. Unemployment rate is extremely low employers all over the place are hiring people stock market is mostly up with a short exception over last few months. Consumer confidence is decent. Living at the height of a boom. The height of an economic financial boom. So you live in the richest country. In the history of the world and a great economy, and you are managing your money in such a way that you can't make it a single paycheck. If you are doing that, you are acting stupidly now stop. Tot- show you in just a few minutes. I'll show you how to stop behaving stupidly. But the first thing that you have to do is recognize that that's what you are doing. It does you know, good to blame your problems on a dysfunctional congress. Arana president of the United States. You can blame their problems on them. You can talk about the dysfunction that's going to happen because of them. But it does. No, you know, good to blame your financial problems on them because guess what? They don't have financial problems the members of congress. They don't have financial problems. They're managing their money in such a way that they're not dependent on their incomes. So you should do the same thing. And this is not hard. Here's what's utterly ridiculous. You have had time to figure this out. Let's talk about the two ladies profiled in the story from this morning's National Public Radio one of them. A single mom has worked for TSA for sixteen years. According to the report this morning. If you have worked at a job for sixteen years. And you are putting your child through college. And you've just bought a house. Do you not have ample opportunity to have saved money? You've had a steady job for sixteen years or the same for the thirty six year old woman profiled with two children. Her husband was hired three years ago. You've not been able to save a few thousand dollars over the last three years. That is crazy that is a crazy way for you to live. And if you continue living that way, you will always be a slave to other people's decisions, and you will never achieve even a modicum of financial freedom. You will never achieve even a little bit of financial security. You're telling me you have worked a job with a stable paycheck for the last three years for the last sixteen years, and you haven't saved five or ten thousand dollars. That is called being foolish. That's called behaving stupidly. Now, I hope you notice the fact that I'm using adult language in this podcast because adults face the facts and admit and recognize when they're wrong and change. And that's your job. So if you now recognize that you have been behaving stupidly that you have been handling your money in a crazy way. I'd like to give you some suggestions in some advice that will help you. Number one, pay attention to what's happening around you. Pay attention and gather all of the information that you can gather about things that will affect you. Don't be stupid. So as to not even collect a little bit of information about what's happening. This is the most absurd in the fact, if you work for a government agency, it would be slightly understandable. If a Volna Rable employees showed up to work on Monday morning who works for a private small, family owned enterprise and finds the doors chained on Monday morning, that would be understandable. Because after all how it a low level employee dockworker a warehouse worker, how would they know what's happening financially with that employer? That would be hard. I so I would understand that. But you when you work for the government of the United States where all of the information. Nation is not only publicly available the entire fiscal situation of the United States of America is publicly available. You can read the Congressional Budget Office reports just like I can so not only is the information available, but the information is reported day in and day out. You don't even have to buy a newspaper. You don't have to pay for an internet connection. All you need to do as walk by the front of a newspaper stand and see what headlines are above the fold. A government shutdown is telegraphed weeks and months in advance. And if you are so naive as to have missed the fact that this is now a regular bargaining tool. Among politicians, you're doing it wrong. You are being ignorant. You are willfully ignoring information that affects your life. Stop it pay attention to what's happening. Pay attention to what's happening at your company pay attention to what's happening in your industry. It should be no surprise whatsoever to you when your employer declares. Hey. By the way, we are getting out of the business. We're declaring bankruptcy because you should be paying attention to what's happening in your industry. If you see the fact that the that the the warehouse that you work in is I'd alling machines constantly that there have been several rounds of layoffs. If you see the fact that your town is dying that your industry is falling apart pay attention to that and expect to the fact that you are going to be out of a job. If you notice that the economy is starting to do poorly and the unemployment rate is starting to pick up. And there are new unemployment claims being filed constantly expect to the fact that you could probably lose your job. And that's the time to start preparing. Pay attention to what's happening around you. How can you be an adult and be so naive as to miss the fact that the government shutdown his imminent? Pay attention. Now, you say, well, I don't know what to do. Maybe you were paying attention. You expected it to happen. But you didn't know what to do. We'll stop right now where you are. Take out a piece of paper write down all of your bills, right down all the money that you spend. And then say if I had to live on half the money I have now. How would I make ends meet? What would I do make that plan today? No, I'm serious. Stop what you're doing. If you've never done this stop what you're doing. Hit pause on the podcast. Take out a piece of paper write down your bills, right down your expenses and ask yourself. How would I live on half the money that I have here? What's your plan? Seriously. If you haven't done it, stop and do it. Because you need to have a plan long in advance of a situation like this. Here's what happens people don't plan. They don't think they don't pay attention to what's happening around them. Then all of a sudden the worried about the fact that they might lose a paycheck, which I'm not actually sure I need to go and look in figure I don't know that anyone's actually lost a paycheck yet. We're thinking that particular story. It was published on January nine two thousand nineteen. But the the second woman just cinde who was being interviewed talks about. You know, we were going to have do bills being due on the twenty six, and what are we going to do if we miss a paycheck on the twenty six I think that that would have been recorded back just prior to the Christmas vacation. So I don't think this is quite linked up with the actual facts. But regardless the point is people don't they haven't thought about situation. That is such a juvenile approach to life an adult pays attention to what's happening around them. Looks at the things that might happen and makes a plan. Now, your plan must be unique to your circumstances. For example. Let's just send a mentioned that her cell phone Bill is now passed to her cell phone Bill and her husband cell phone Bill is now past do. Now. Should you pay your cell phone Bill when you don't have any money? What pens if I were working as a real estate agent? And my cell phone was how I earned my income paying my cell phone Bill would be one of the first things that I would ever pay. But if I'm working for TSA, what need to have in my say that I'm working for TSA and my daughter needs a life saving medication. She needs insulin dependent cell phone Bill will be gone immediately. So that I can keep the medication coming in to keep my daughter going. Now, if you don't have an insulin dependent daughter, of course, your your circumstances are going to change. But nobody's coming to save. You. It's your job. So pay attention and think about what's going to happen. You will have to go through your list, and it yourself about what you would cut and how you would do it. Now, the most straightforward thing that you can do right away. Even if you don't have any money, you don't have any savings, the most straightforward thing that you can do is to cut expenses and cut expenses like a crazy person. Don't goof around with this stuff and wait cut expenses, like a crazy person. Let me give you some suggestions. And let's walk through some specific scenarios. Now, some expenses are hard to cut, for example, just in dimension that she doesn't know how she's going to pay her rent. Well, that's the hardest because moving is expensive and figuring out where you're gonna live and cut your rental expenses. These are all difficult now in this situation. This is easily solved, and the fact that you are a government worker, and the reason for your job loss is plastered all over the newspaper and all over the homepage of every site on the internet. So it should be relatively simple for you to go to your landlord. And explain to your landlord that look I work for the TSA. They've sent this nice little letter home with me telling me how to negotiate with people that don't have the money to pay. We are going through a government shutdown. I'm gonna lose my paycheck this month. And I'm not going to have enough money to pay you. Now, I understand that. You can go ahead and start filing foreclosure of vixen procedures against me. I would ask you for a little bit of leniency, obviously, the political pressure. That's happening across the United States of America is going to be brought to bear more and more on the houses of congress and the executive branch of the US government, and what has happened every single other time that this particular tactic of negotiation has been used is as soon as a spending Bill is passed. We're paid all of our backpay, so dear Mr. landlords since I've been a good tenant for you. Would you consider please working with me? And I will try to pay you just as very soon as I can. Now, it's hard for me to imagine a landlord who would not be open to that conversation. I can't imagine a landlord who with appropriate documentation of the fact that look here's my paycheck from the TSA. Look, here's my letter that they sent home with me. I can't imagine a landlord who is saying who would say, okay, I'm gonna kick you out right away. Now, if you're a private sector employees that'll be a little bit harder for you. If you've just lost your job. You've just missed a paycheck. You don't have all of those bargaining tools that a government employee has you can't take today's newspaper in and talk to your landlord. So that'll be a little bit harder. But changing your rent or your mortgage is the most difficult circumstance to be in. There are other difficult bills to change, for example, if you have a car payment, that's a hard Bill to change. Now, you could call the lender, and you should and have the same kind of discussion. But it's harder to do that. But many of the other bills are just a matter of you making a change, for example. Let's say that you can't pay your car insurance Bill. Well, it's time to park one of the cars and move pull the insurance off of it. Or it's time to park both of the cars or the only car you have and pull the insurance off of it and take the bus to work for the next couple of weeks. This is a short term thing, and you can ride the bus to work for the next couple of weeks. You can get a bicycle you can peddle it down the two miles to the bus stop. You can get on the bus pay them their dollar thirty-seven take the bus to work ride your bicycle to the office. You probably should have done that a long time ago. And you didn't do that. That's why you don't have any money to get you through a single paycheck. But now it's time to get on your bicycle park. Your cars and drop the car insurance that will save you money. A bicycle is a very effective form of transportation and your city has a bus system use it get rid of your car insurance that also by the way, we'll help you get rid of your gasoline expense. And if you can't ride your car around, you'll probably spend less money, which would be helpful. Now what else can you do? What else can you cut? Well, you don't need a cable Bill. You don't need a satellite. TV bill. You don't need a TV Bill at all. You don't have time for entertainment because you're not getting paid. So you might want to continue working for TSA right now. But you also need to go and get a job. So you don't have time to sit around and watch TV, cancel your cable. Cancel your satellite. You say, but I have a contract that was stupid. Did you not think about that? Why would you sign up for a contract committing yourself to making a series of payments over the next two years when you don't have any money to make those payments? Turn off the cable turn off the satellite turn off the internet. If you can't pay your phone bills. Get ready your cellphone, turn it off. So we'll have a contract there. That was stupid. You can get as much phone access as you need in the United States of America. If you're not getting the free system under the federal phone housing allowance popularly known as a Bama a Bama phones. But of course, the program was enacted under President Reagan. So obviously, the Obama phone is just a kind of a rather rude partisan slur, but you can get even if you pay for it. You can get phone access for five or ten dollars a month. Deasy easy, you can install free apps on your phone and use your neighbors internet access to make all your phone calls. So this would be a good time to learn about how to do that. If you can't pay your electric Bill. I concede that you shouldn't have your trinity shut off. I concede that. But you can shut off every light in your house. You can unplug your TV. You can turn your thermostat to a more energy efficient number whether your heating or cooling you can put on a sweater. If you're in the cold country, you can go outdoors spend more time outside and let your kids play at the water park or put the hose out front. Keep them cool during the day. This is not abuse. This is called normal life and US American sit around and pretend like well. I'm just a victim of the circumstances. I'm a victim. I can't take too hot showers a day. My children will roast if we have to set the thermostat above seventy eight degrees. They will just die. We can't put on sweaters. Do you know how bulky and uncomfortable a sweater is? It's ridiculous. Stop digging so many showers cut your water Bill turn off your sprinkler. Whatever you have to do do it to get your expenses as low as possible. That will help you can do that right away. Even if you have no money now what else do you do? Look for help. Just cinde. I think it was just cinde in the in the in the. The NPR report says why think it's ridiculous that my husband should go and file for unemployment. Yes. It is ridiculous. It is utterly and completely ridiculous. So is the idea that the US federal government is going to be able to pay all the money that it's promised that was also ridiculous. And yet you believe that. So yes, it is ridiculous that you should go while working forty hours a week for the Transportation Security Administration that you should go and file for unemployment that is ridiculous. But what's also ridiculous? The fact that you wouldn't go and take money from the federal government when they're saying here go and get money from this particular federal agency after all your behind on your rent. You can't pay your electric Bill and your cell phone Bill is passed do. So yes, it is ridiculous. But it's also ridiculous for you to not go and file for unemployment because then you could pay your cell phone Bill. You can pay your electric Bill, and you're gonna make a partial payment on your rent. So it's ridiculous at that entire system exists. The whole thing is ridiculous. But don't be an idiot and ignore your situation. Go file for unemployment take the money. And now guess what you'll have free money when the US federal government pays you back all your back pain. In the meantime, you have money to buy food for your children. So they're not screaming all the time because they're hungry. You know, it's ridiculous. Do you know how many mothers all around the world? Worry constantly because their children haven't eaten in days. Thankfully, a lot fewer than a couple of decades ago, but many of them. Been there. I've seen them you can walk down to any one of your neighbors and say my children are hungry. And your neighbors will say hop in the car, we're going to the grocery store. You don't have a thing in the world to worry about. Every mother in the world should be so fortunate. You can go to any church in your area and say, my children don't have food. We don't have food. Can you help? And you'll be overwhelmed with generosity that has shown to you. There are government run and financed and subsidized food banks in your town where you can go and get food. Go get them. They're there for people who are in need you live in the richest. If none of those things to work go and start going through dumpsters. Go start looking on the trash pile and you'll find plenty of food to feed your family. I'm too proud to do that. Well, that's your problem. There is so much food available. That having food for your children. Is not a problem. Stop whining get to work. Don't talk about how unfair it is. Recognize the fact that your mother was right. Life isn't fair. Go file from employment. Take the money and use it wisely on the bare essentials if you cut expenses, and you file unemployment you'll have enough to keep things going forward, especially if you negotiate a couple of big Harry payments like your rent now, if you can't pay your son's college tuition. What do you do you go down I to the college, and you say to them, look, I work for the TSA. Here's today's newspaper. We can't pay the money because I'm not getting a paycheck. Are you willing to work with us? And guess what? They'll say, yes, we're willing to work with you. Because you're going to get your backpay. Don't pretend like you're never gonna get paid. You're going to get your backpay. So they'll work with you just go and face, it tackle it and solve the problem. Now, if you're a private sector employees, there's no guarantee you're going to get the back pay. So what do you do you? Call your son, and you say son, I can't make the tuition payment. So either you have to make it or you need to quit school and get a job. That's what you do. It's simple. What else could you do? Well, if you have time. If you didn't just lose your paycheck. You could try saving money. It's it's a time honored way of basically, not being broke. And the way that you do it is you don't spend all the money that you make. So what you do is. When you get a paycheck. You don't spend all that money. You save some of it. And saving means. You don't spend it. So that means you take money, and you move it somewhere else where you can save it and not spend it. That's how you save money. Now, sometimes is hard because you wanna spend money, but you look, and you say do I have any money and you recognize no, I don't have any money. So I'm not going to spend it, and you don't buy it. There's kind of a good skit on of all places aturday Night Live that you can go and find out this financial advice. It'll help you. Just go on YouTube and search for Saturday Night Live credit cards, and I think it will come up. So if you just don't spend all your money, then you'll have money. Now, here's what's cool. If you to save a little bit of money like, you know, I'm your ten percent. A mere ten percent of your income. Every ten months, you'll have an extra month. I've expenses which means that if you have been working for thirty six months by the end under cintas husband who's been working for three years for the TSA. If you've been working for thirty six months, and you've only save ten percent of your income. That means that you now have three point six months of income saved. Now, it's cool about that is your actual expenses are lower than your income. Because after all you're saving some of your income. So that's probably at least four or four and a half months of current expenses. Which means that if you do budget cuts as in change, the thermostat, cancel your CV Bill and all the rest of the stupid expenditures that you're doing you could probably live on your savings for six months or eight months, and if you have unemployment coming in and you go down to the food Bank, and you get some food. You could probably live for ten months now when you live in the richest country in the world. In the richest time in human history during a fantastic economic period when there's no recession. There's no depression. There's not high unemployment don't you think it's reasonable that. If you're working a job, and you've been working there for three years, you could least of saved. He's five ten thousand dollars. That's how you avoid being a slave to your job you save money. And then when you have savings when you don't get a paycheck. You can pay for the things that you need. Here's what else I'd recommend. You should always stash stuff that you need to live on. So you should have plenty of food in the pantry at least a month released a couple of months of food in the pantry. Because can you imagine the pain of having look at your children and say, no sorry. You know, two year old your four year old could could understand. You look at your four year old and say sorry. We don't have any food because mommy and daddy didn't think to buy some extra groceries in case someday. We didn't have food. Obviously, your six month old is not gonna understand that language, but your four year old. Will you magic how absurd that is? Can you imagine looking at your four year old and saying no, we're sitting here in a dark apartment with no lights on because I bought an iphone? And I'm paying a hundred twenty dollars a month for unlimited data plan. So I can watch Instagram stories, but we don't have any food in the house because I didn't think to buy some extra groceries. This is not strike you as a little bit here responsible a little bit absurd. This is why you stash the stuff that you need. If your daughter's on insulin. You should have. And I'm using that because it was in the news stories, but because that's the kind of thing that is the most difficult situation for a parent, but if your daughter's on insulin, you should have a refrigerator with as much of the stuff stored as you could possibly get your hands on because what would you do if you didn't have an income, and you couldn't go out and buy insulin to keep your daughter alive. Of course, obviously with insulin. You also need a generator and fuel to make sure that your plan to make sure that you can keep that insulin. Colds doesn't spoil on you. But no doubt you've already gotten there. If you are dealing with those kinds of things, but the point is think ahead store food store. Water store gasoline for your car. Save money stash cash. And then you're not living on the razor edge. Do you know what it's called? When you're employing doesn't pay you a paycheck. It's called normal life. The idea that somehow everyone just sits around and the money flows. In sugar keeps on giving is a very vanishingly unique era in human history. Normal life is poverty hunger, cold death disease. That's normal. Normal. Life is bankruptcy broke companies broke governments that's normal. The opposite of those things are unusual. Now, I think there's every reason that things could continue on very, well, there's no reason why you have to live broke while you have to be bankrupt. While you have to deal with death and disease all around you can change. Recognize that normal life is not just money flowing in food flowing in and free cell phones flowing in. Won't last that much longer. Which brings me to this. Now, you scape? This stuff. Goertz better. Why would you keep working for a federal government that can't even pay its own bills? That is not a good long-term plan. Why don't you? Go work for somebody who will pay your bills. Is it well because they're going to give me a retirement someday? He so sure about that. Have you checked the funding level of your pension plan? How's that working? That would be a good place for you to start. Now don't think you need to do today. Don't next month or whenever you'll start getting your paychecks. Again. You get all your back pay. You can go payment to your landlord, but win that money comes in don't behave stupidly with it. Don't spend it all. Rather keep your expenses low get rid of any debt. Keep your budget at those low levels until you can start to stash cash make sure that you don't sign up for those contracts that lock you into expensive lifestyle. Start developing other streams of income develop a household business. Build up a back source of income. Then start looking at your pension plan. Ask yourself the question. Hey, how long is this thing actually gonna keep going? And walk away. From a bad employer. Can't even make your who can't even pay its own bills. Go find a better one. At least if you're gonna go through difficult situation. At least learn the lessons necessary. As the old axiom says fully once shame on you. Fool me twice. Shame on me. Government shutdowns are nothing new. So if you got fooled by this one well shame on the US federal government. But if you get screwed by the next one shame on you.
Radical Personal Finance
Aired 4 months ago 48:05
Evolution Of An Answer; Attorney For Second Kavanaugh Accuser Speaks Out; Pres. Trump Greeted With Laughter At UN; Cosby Sentenced For Sexual Assault;
This is Mark Edwards. I'm the weekly host of progress news network. It's brand new. We've just launched on Facebook where daily news broadcast at strives to bring you facts, not fiction, no fake news, just facts. Our mission is to open dialogue with you. The viewer. So search for us on Facebook, progress news network, you could find me there join the conversation about what's happening in American politics every day, progress news network, real news for fair-minded Americans. Take one last ride around the world, the EMMY award winning Anthony bourdain parts on. Now the final episodes chairs Sundays at nine on CNN. Good evening today. One of the biggest celebrities on the last half century was handcuffed and taken to prison for sexually assaulting a woman. Yeah. Bill Cosby sentencing, landmark in so many ways is not our lead story. It is part of a larger conversation about women and Justice and politics and perception that so many people are having right now. We begin with another part of that conversation and the stakes could not be higher. We're talking course by the fight over supreme court. Nominee, Brad Kavanagh, and the two accusers so far who say he sexually assaulted them. Now, late today, Republicans on the Senate Judiciary committee who control the process scheduled. Their first vote on the nomination for nine thirty am on Friday a day after Thursday's testimony from judge cavenaugh and his first accuser, Christine Blasi Ford. Now we should know just a few minutes ago, they added a caveat there are only potentially going to vote, but nonetheless, it's been added to the schedule and it's really tracks with what many Republicans have been saying about the need to vote and the refusal to hear public testimony on Thursday from. Anyone beyond those two witnesses. I'm glad we'll be able to hear testimony from both. And then I look forward to an upper down vote on this nomination right here on the Senate floor. Today in a letter to ranking democrat, Dianne Feinstein, Senate Judiciary committee, chairman, Chuck Grassley declined to postpone Thursday's hearing in light of allegations from the second accuser. Deborah Ramirez also late today Senator Lindsey. Graham told seen as maharaja he's got quote zero patients, his words for democratic demands that others testified. Again, the committee's first vote is now set for Friday with further action expected of the weekend. And as they pushed forward the GOP's language towards the process, and the accusers seems to be changing. Listen to the tone early last week. So let me make very clear. I've spoken with the president. I spoke with Senator Graham and others. This woman will be heard. We'll go through a process and here everybody out. I think it's important. I believe they think it's important. I'd like to see a complete process. I'd like everybody to be very happy that was the seventeenth when it was only professor Ford's accusations that were in the public domain. And for nearly four days, the president tweeted not one word about it on the twenty. First, he did. I only raising questions about the process, not the accuser judge. Brett Cavanaugh is a fine man with an impeccable reputation who's under assault by radical left wing politicians who don't want to know the answers. They just want to destroy and delay. Facts don't matter. I go through this with them every single day in DC. Now he posted that at eight fifty six AM then he needed. Apparently he felt the need to say more. So eighteen minutes later nine fourteen he raised his first question about professor for quote, I have no doubt that if the attack on Dr Ford was as bad as she says, charges would have been. Immediately filed with local law enforcement authorities by either her or her loving parents. I asked that she brings those filings forwards so that we can learn date time and place. Again, that was Friday by yesterday after the New Yorker published the article with allegations made by Ramirez. This is what Kellyanne Conway said. This may be the first time we've ever heard of allegations against someone as a teenager who did not prey upon women thusly as he became powerful. I just don't think one man shoulder should bear decades of the metoo movement. Also yesterday, Senate Republicans were ramping up some of their rhetoric. Democrats wouldn't let a few and convenient things like a complete lack of evidence or and accusers requests for confidentiality to get between them and good smear. It's despicable. There was more today talking about MS Ramirez, though, not by name, President Trump said this. Oh, gee, let's not make him a free. Judge executive has nothing. The second is, doesn't even know. She thinks maybe maybe she admits that she was drunk. She admits time lapses, the refined lapses. This is a a person, and this is a series of of statement it's give and take one of the most talented, one of the greatest intellects from judicial stiff on our country going to keep him off. The United States Supreme could well tonight, that's a question that for the president least answers itself. Now, just a few moments. We'll be hearing school sleep from one of the attorneys, four Deborah Ramirez, we invited every Republican member judiciary committee to come on the broadcast tonight. Got no for an answer right now. We are joined by democratic members than Richard Blumenthal of Connecticut Senator Blumenthal. So the fact that the committee has now tentatively scheduled, it's vote for not even twenty four hours after Thursday's hearing. I'm wondering. What to you? What does that say about this process? Scheduling this hearing, even before hearing Dr Blasi Ford on Thursday demonstrates exactly the disregarding disrespect for assault survivors that shames and silences so many before they come forward and the message very clear. They are less interested in the truth in the facts and evidence than inputting ideological extremists on the court and these insulting demeaning disrespectful comments by the president by the majority leader or an insult, not only to Dr Blasi Ford and never Ramirez, but to the entire survivor community. The flip side of that, of course, from the Republican standpoint is if judge cavenaugh, if people are lying about him doesn't he deserve to have a vote one way or the other. He deserves to have a vote. If it is concluded, he's telling the truth if his veracity is established after this hearing. But even before the hearing, if he really wanted to clear his name, he would demand that the White House order an FBI investigation of these serious credible allegations. If he really wanted his name cleared, he would demand that Senator Grassley schedule other witnesses like Mark judge who was in the room when this credible allegation of salt occurred, and he would also do other kinds of steps that would get at the facts and evidence. But in fact, the pattern here is one of concealing and hiding, even before these allegations came forth, they concealed and hid millions of pages of documents that bore on his credibility. And that's one of the central issues, his veracity, his truth telling or lack of it that will be. At issue. This Thursday should professor. Ford is alleging the judge was in the room. Obviously we don't know that for fact the hearing on Thursday. Do you have any understanding as to how it's going to work the choreography of it? Because when your colleague Senator dick Durbin was asked about it, say, all he could say was that quote, the table and shares situation has been resolved. We know more about it now, but still the details are unresolved in final form, but here's the way it probably will work the sexual assault survivor. Dr Blasi Ford will appear and be questioned by a prosecutor selected by the eleven male Republicans. She is said to be a woman, we have no idea as to exactly who she is, and we as Democrats will do our constitutional duty. We will be asking questions of both her and then of judge cavenaugh, and there will be five minute. It rounds for each of us has senators which is barely adequate. In fact, it should be much longer and it will be carefully choreographed. But the really significant news tonight is scheduling this vote the day after literally the day after this, you're leaving no one really time to consider the testimony and no time for witnesses, including Deborah Ramirez, who has just come forward, let alone the FBI investigation, which really should be done before a hearing, let alone a vote. Do you think it's appropriate that it's not going to be Republican senators asking questions, but what they described as a career sex prosecutor? The question really is Anderson. Why are publican colleagues hiding behind a prosecutor? And the answer I think was given earlier today by Bob corker our colleague who said they. Feared saying something insensitive, I think was the word he used that would then be repeated twenty four, seven. We're not afraid of questioning witnesses. That's our constitutional duty. I think that they should do their job. You know what Republicans will say though that look, if it was all male Republicans asking professor Ford questions that Democrats would have been critical. The fact that there were no female Republican senators on the committee to ask questions. The lack of diversity on that committee is they're doing not ours, and there is nothing about that excuse that justifies their ducking their constitutional duty. What's really important though is the goal of uncovering the facts and evidence. If Republicans were really serious about that goal, they would have asked for an FBI investigation. I know that it seems like commonsense, but no prosecutor and I was a prosecutor for many years before coming to this job would put a witness on the stand, not to mention a crime survey. Ever without first investigating the allegation and all of the facts because we ought to have common goal investigating the facts. And this process now has become so partisan, sadly, and regrettably. It is almost another nail on the coffin of a non-partisan supreme court, and it will. I fear stain and cloud, not only this nomination, Brad Kavanagh, but the court itself is there. Blumenthal appreciate your time. Thank you very much. Thank you in a moment. Exclusive interview with the the one of the attorneys for the second accuser. Deborah mirrors whose identity was real in the New Yorker. Joining us right now is chief legal analyst, Jeffrey Toobin scene and legal commentator, John Kelly and CNN political analysts in your times, White House correspondent Maggie Haberman. The fact that judiciary committee is possibly taking Kavanagh's nomination to vote on Friday. I mean, it certainly shows their desire to move forward as quickly as possible. I think they've actually been quite want about that publicly. I think that you take the aggregate of. Senate majority leader, Mitch McConnell's comments on the floor. You heard what the president said today, which was wildly script and not what he had been advised to do. And I think he had a variety of reasons for doing that and the fact that he needed to, they needed to set this hearing. I think three days ahead of time. So they had to do it today if they want to do it Friday, they can always postpone it. But yes, it says that a lot of people and you hit or Lindsey, Graham say this on Sunday. You have heard other senators say this that basically they've made up their minds about why do you think the person wanted to make those comments today? I think the president has gotten two reasons. I think the president was frustrated because he had been left at at unju- after during his speech shortly, but you assemble general assembly, and I think he took his frustration from one forum and turned it toward another. I think that he has been frustrated over days and days and days of watching the allegations against Brad Kavanagh. He confided to a number of people around him after a cabinet interview last night that he didn't think it was particularly strong that and most White House officials shared that view. He has been anxious about this getting through. Since last week. And I think he is at the point where he would just like to know already one way or the other, so they can figure out what to do next if it doesn't work, can what kind of a message of any do you think it sends professor Ford that Republicans already planning to to possibly take a vote the day after the hearing? Well, I I don't find anything unusual about it for the committee. I mean, the the key is getting this hearing done in hearing from these two individuals that is going to happen and remember even in addition to the delay introduced by the initial confidentiality, which is understandable. But the later delay when Dr Ford surface and said, I wanted, I want to do this and then the negotiation back and forth. I have never seen a committee chairman, give a witness, so much room. So many options as chairman Grassley gave to Dr Ford, and yet it's still got delayed even beyond the week that the rules call four and so forth. So I think that. The Friday vote is understandable in that context. 'cause remember this is already a delayed process, and the key is going to be Thursday, Jeff. How do you see this possible vote on Friday? Well, you know, I'm I'm thinking about the hearing, and I'm thinking about this prosecutor. I think this presents a lot of peril of for misfortune. I mean, you know, think about the questions you could ask her. If you ask like a prosecutor, you know who else was present. I don't know what day did it take place? I don't know what house did it take place. I don't know how many who did you tell I don't know as well. Yeah, they are, but a skilled prosecutor could make this witness. Look, pretty bad. Senators are notoriously terrible questioners. They like talk. They don't like to answer. They don't like to ask questions. And I think this this decision to bring in a prosecutor is well within the rights of the of the Republican. Majority, and I think it could turn out to be very clever and and effective strategy coming on that Harrison. First of all agree with Jeffrey. But I wanted to make a broader point if truth is the goal in any house or Senate hearing it is amazing. The number of times that utilizing one questioner who's a professional would get so much farther down the road more professionally and frankly better for the committee members better for the witnesses and better for truth itself. I wish there was more of this done by both sides of the aisle. I, I don't think it's partisan in the sense that it's a good practice and truth is the most important thing on Thursday, no matter how one comes to whether you come as a Republican, democrat, undecided, whatever. And as to these two individuals, truth is the goal, and I think single questioner helps get to that better Maggie and Kim makes a good point. It's rare though that you have politicians not wanting to be on camera being seen as asking questions. This is potentially very fraught for people. Questioning this for you could end up looking at among the male members of this committee. You can end up looking as if you're bullying card depending on how the questions are asked. I agree with Jeffrey that I think that it is a potentially shrewd move, especially because we do know that there are clearly missing pieces of her story. I think the flip side of that is that and this is what I have heard privately concerns among Republicans about, and some of the White House is if she is if she is giving her testimony and she is describing what she described to the Washington Post, which was a hand covering her mouth and this pretty grim attack or grim attempted attack. It might be hard to puncture that even with shrewd questioning that can be a pretty powerful statement politically and it can be hard again, even for a skilled prosecutor, they're doing their jobs, a prosecutor that doesn't necessarily play as well in a Senate hearing Jif, even if the judiciary committee. He does take jobs, cabinet nomination to a vote on Friday and he doesn't get the votes. It wouldn't be the end of the road for him, right? I mean, Justice, Thomas wasn't fully endorsed by the committee and still ended up getting confirmed. Option was a tie vote. The majority leader runs this process, Mitch, McConnell, and and Mitch McConnell. This is his mission as majority leader, the courts generally and the supreme court in particular. This is the most important thing he will do in his entire career, which is shift the supreme court to a five to four, heavy duty, conservative majority. This is what he is dedicated his life to. He is going to put pressure on Susan Collins on Lisa Murkowski to the extent he can and it's not, you know his his power is not complete, but the he is going to do absolutely everything. He can not least because the election is coming up and the Republicans may lose the majority in which case they'll get nobody. So the. The stakes for Mitch McConnell could not be higher, Jeff. Toobin can coach Nelli Maggie Haberman. Thanks very much coming up next to three sixty exclusive. One of the lawyers for Deborah Ramirez joins us to react in parts of the president's characterization of his client later Bill Cosby's journey from America's dad to convicted sex offender. And what his sentencing today says about fame, Justice and the pain that so many women say he inflicted on them. If you owe ten thousand dollars or more back taxes to the IRS call civic tax relief. For free tax relief information. You may qualify for new relief programs to have your past due taxes, forgiven civic tax relief can help protect you from the IRS stopped the added fees and wage. Garnishments finally break free from the IRS see what new programs you qualify for time is limited. Does information is free. The consultation is free call. Now civic tax relief. Special tax hotline can help you discover all the relief programs. You qualify for free just call eight hundred four seven zero four eight eight one. That's eight hundred. Four seven zero four eight eight one. Don't wait call eight hundred four seven zero four eight eight one. With the Senate Judiciary committee. Now seemingly determined to vote on Brad Kavanagh and vote by Friday morning beginning Friday, morning criticism by the president about the allegations made in the New Yorker by Deborah mirrors have ramped up. He spoke today about her drinking what he called time lapses. As you know, Ronan Farrow and Jane may or the New Yorker reported Sunday. The MS Ramirez attended Yale with judge cavenaugh says she remembers him exposing himself to her at a dormitory party. He denies it. We should also point out here that Republican staffers on the Senate Judiciary committee spoke today on a conference call with judge Cavanaugh who, again denied the allegations. Democratic staffers were also on the call, but ask no questions that's according to sources familiar with the call. Now with all that said, here's my conversation, which we recorded just before airtime with John Cloonan attorney for Deborah Ramirez. Mister clean. You heard what President Trump said about your client. I'm wondering what your reaction was to that today. Well, it's obviously disappointing to have anybody take an attack on your client, but you know. Like the politicians are going to say what they want to say, but it doesn't mean that you know w close is not true. What is the current status of any discussions negotiations you've had with the Senate Judiciary committee? Because it's recently, there's a few hours ago. Chairman Grassley said the MS Ramirez legal team was just referring the committee to the New Yorker article and giving no other comment. And he also said, and I'm quoting if MS Ramirez submits testimony and evidence the Senate Judiciary committee, which committee investigators have requested, we can decide how to proceed. Yeah, I don't know where the Senator is getting that information from. We've had a number of Email communications with the committee so far, but the difficulty is every time we try to set up a phone call the majority party either change the rules of the phone call, or they want additional information as a condition of even having a phone call with us. We finally had a phone call scheduled or seven o'clock eastern this evening. We got on the phone and only the minority party showed. So he's like, there's a lot of game playing that's going on right now by the majority party, and we just want to be able to talk to them and find out. What is it? They're contemplating about how this would be investigated or how Debbie could provide for information to the Senate. Wouldn't you said they're changing the rules of the phone call or or how to set up the phone can be more specific. Chore. So for example, we, you know, we, we had a phone call scheduled and then they send us an Email and saying in for condition for us to even now the phone, all you need to give us a list of all the evidence that you have and break down for us before we're leaving talk to you by the phone. And we responded obviously saying, well, we're really concerned. We have a client that we want to protect him. You know, we want to make sure that whatever process you're going to do is you're going to be fair and respectful of her, and then they don't have the phone call with us. So I don't know what else we can do if they're not going to gauge, but blaming us for being non cooperative or just, you know, flat out not consistent with how things have gone, what the Email show. So so just regarding what Grassley the direct quote that he said that if MS Ramirez, some, it's testimony and evidence to the Senate Judiciary committee, which committee investigators have requested, we can decide how to proceed. You're saying your client is willing to do that if you can would guarantee or get information in advance about the questions or what specifically. You know, I think the first thing that's that's critical Anderson is that this has to be investigated by meaningful law enforcement. This is not something that can be done by the Senate or some higher gun processed here that wants to cross is. Either miss Ford or or miss Ramirez. This has to be by BI who can investigate the matter with threat of perjury, our client's willing to do that new, very interesting to see whichever witnesses judge cavenaugh actually has remaining who are willing to talk if they were willing to do the same thing. So if we can get a meaningful investigation by the FBI, there are all sorts of ways that are climbing be willing to provide information to the Senate. So if there is no FBI investigation and it was just a matter of submitting testimony and evidence to the Senate Judiciary committee to committee investigators, that's not something you recommend to your client to. I wouldn't recommend that she do that now. I mean, that's it. Just a matter of her disclosing information to them. That would be one thing. But if they're intending to have. Are there are grilling from senators, grilling some other individual. That kind of cross examination cannot be a replacement for a meaningful investigation. As you know, Senator Grassley again has raised the idea that you talk into the New Yorker that's you can lie to reporters. Talking to Senate investigators is under oath. The implication obviously being that your client doesn't want to talk to investigators because it's under oath. Well, I mean, that's that's belied by the fact that she has stayed in very publicly that she's will to investigated and actually tell her information to the FBI which is also something that is punishable by the penalty of perjury. So an f. b. i. individual will somebody was a train law enforcement or somebody who trauma informed somebody understands sexual assault investigations in certainly can't be replaced by the individuals on the community area staff members that they hire. Would there be any advantage to having a preliminary interview your client that giving preliminary interview to Senate investigators and then hoping that that would spark FBI investigation. I don't know. Maybe we could get the majority party on the phone to actually talk about these things would be. A lot better. I consider these things and talk about him with our client. But right now we can't get any information from them. So they literally were not on the phone call that you had scheduled. Great minority party was there in the majority party did not show one of the. Suspicions that's been raised obviously about your client, which I want you to be able to respond to is that it took MS Ramirez six days after she. I talked in the New Yorker to actually name bread Kavanagh's the person who allegedly exposed himself to her. Can you end that she, she consulted with attorneys. I'm not sure if it was with you directly. Can you explain why it took her six days. Yeah, it was not with me directly. It was with another attorney, but you know the the interesting thing about miss Ramirez. She has very, very careful and very delivered that she's not putting information out out there. She realizes the gravity of the situation in which she's coming forward. And so she wanted to be very, very careful. It's thirty five years old. She wanted to make sure that what she was actually going to be disclosing publicly was information that she could rely on and that she could stand by that was accurate without a passage of time. You know, she went through those memories and. There are some things that she believed. We'll probably true, but she didn't disclose though because she wasn't completely convinced of their accuracy. So that's the only reason why she did the work of the attorney and spent the six days. To make sure that that information she did put forward was indeed accurate. Some people have implied that perhaps the attorney she spoke to may have been politically motivated or politically connected and encouraged her to specifically cite judge cavenaugh even though her memory was not a full on that and last night on Fox News, Joe Kavanagh cited a New York Times report that said, MS Ramirez had recently contacted former Yale classmates told them or till some of them that she wasn't sure it was Cavanaugh. Is that true that she had done. I wasn't representing her at the time that was going on. So I wouldn't be able to answer that question. But in in regards to the information about the attorney that she hired, she hired STAN Garnett who is a career prosecutor. He is somebody who just still very recently was the elected disco attorney for Boulder County. Miss Ramirez's, home county. So. He was the perfect fit. And if anybody who knows Mr. garner, there's no way that he would play politics with some sort of information like this. He cares about victims of sexual violence and wouldn't put forth information that was not accurate. And just on clear, you're saying you have not asked your client whether in fact, the New York Times reporting was correct that she called up former Yale classmates and to some expressed that she wasn't sure of cavenaugh was involved. I haven't asked her if she's the information in the New York Times article. If that, in fact was true. Sorry, go ahead. I mean, if if that's if that's true, it would be more evidence on the fact that she wanted to be very, very delivered about what was being put forth. I mean, she is probably the most careful conscientious client that I've ever Zenit it's she is berry adamant that she's not going to put forward information that she doesn't actually recall, doesn't think it's something that she can rely on and it extent that she was, you know, looking for any additional information. I mean, that was just smart investigation to make sure that you know she wasn't remembering things inaccurately or by the passage of cleaner presented on thank you like Sanderson. While about what you just heard from John clue that which that interviews tape right before we went on air, the no Republican staffers were on, tonight's conference call. We asked him and grasslands office respond. We received a chain of emails. This train of emails here goes back several days. Got no direct answer to a question about no Republicans being on the call. Do we have just been going through this while we were playing that interview? And it seems like they're talking past each other, Mike. Davis a number of time as over the last several days. Mr. Cloonan saying before we discuss a phone call or any other next steps we need to have the following information. One does MS Ramirez have any other evidence including other statements in addition to those that are contained in the New Yorker article to is MS Ramirez willing to provide her evidence, including her testimony to committee investigators or saying they want that before they discussed having a call and repeatedly also, Mr. Cloonan in response is basically saying in response to the first question, there's certainly more witnesses than the article. That's why we're on an FBI investigation. We don't see how you can get to the root of the matter without that as your second question, we couldn't answer without learning more from you about the details of whatever process you're contemplating after hearing more, we would advise the client accordingly and she could decide. So they seem to be talking past each other on this. There's certainly a lot to talk about your powers, Amanda carbon. Sure. We're listening to that interview. We'll get their reaction after quick break. My name is Paul Shirley, and I've gone on a lot of dates. I've noticed something on these dates. I often find myself telling the same stories stories about my mother teaching sex Ed stories about playing college basketball stories about playing in BA basketball and almost dying in the process. We all do this. We tell stories on dates because dates or winning get to explain where we've been in, what we've seen in why we think like we do my name is Paul Shirley, and I hope you'll check out my new narrative podcast stories I tell on dates, you can subscribe for free on apple podcasts or wherever you find your favorite shows. A moment ago you heard from the attorney. Deborah Ramirez, John Kuhn says he was on a Senate Judiciary committee conference call tonight. In hopes, speaking with Republicans on the panel, whoever said only the democratic members were on the call. We've received an Email chain sent to us by the GOP folks on the judiciary committee who essentially say they have been asking for any information that MS Ramirez has on whether should be willing to talk to a Senate investigators and from Mr. Cloonan there he's unwilling to give that information till they talk and find out more details about what specifically the GOP side wants joining us now is CNN political analyst. Pearson powers also MandA carpenter author of the new book gas lighting America, why we love it when Trump lies to us curious, I'm wondering what you make this kind of back and forth from from the attorneys from MS Ramirez and also from the folks, the GOP folks on the judiciary committee investigators. Well, I mean, what. Sounds like is that they don't trust the Republicans to investigate this. And I think that's a pretty good judgment to make based on the behavior that we've seen that they don't seem interested in getting to the truth. And she's asked for an FBI investigation. People typically don't ask the FBI to investigate their made up stories because they could go to jail for it. And and the Republicans have refused to have an FBI investigation of her or of Dr Blasi Ford, which to me is the most suspicious thing and all of this. And even Lisa Murkowski said tonight, I think you maharaja was one who asked her about it. You know, should there be an investigation into these allegations, as you said by the FBI? And she said, well, that certainly would clear everything up, wouldn't it? So it's pretty obvious that that is what is needed that these people need to be put under oath in question, not just giving statements. People can craft statements that are very carefully worded and give them to the Senate, which is what's happened that mostly say, they don't remember it is. Very different when you're being questioned by the FBI and as a lawyer was saying, who has expertise in this area knows how to ask these questions, knows how to deal with trauma victims or alleged trauma victims. And so I think what they're doing is actually very reasonable. Amanda should GOP side agreed to an FBI investigation. Have the White House ask for one. I've always thought in the beginning, a limited investigation with the key players with a timetable made sense, but that doesn't seem like it's going to happen. And here's what I would tell MS Ramirez or Dr Ford, you know, take the politics out of if these were my friends, I would say, listen, if you want to go through this process is going to be painful. If your goal was to have your story told go to the media, maybe go to another outlet, but if your goal is to change boats because you really can't live with the fact that this guy might be on the supreme court, then you're going to have to find the will to go to congress and tell your story, however, uncomfortable that may be because. There are deadlines at played manufactured or not. There's a very strong power play going on right now by the GOP Mitch McConnell's calling the vote on Friday. I mean, he's trying to make this seem like this is said and done, doesn't really matter what Dr. Ford says they're gonna move on is no coincidence that brought common. I did that interview on Fox News. Donald Trump is talking about it. The Mitch McConnell said over the weekend, we're gonna plow through in. So if these women want to go through with it, it's going to be very hard and they're gonna have to show up on Thursday. Otherwise, their failure to show up is going to be painted as a concession. Obviously, MS Ramirez is not invited a Thursday and obviously seems like, you know, the GOP side is saying they want more information before figuring out, you know, next steps if there are in fact anybody to amend his point. It doesn't seem like there's going to be there's no appetite for an FBI investigation on the Republican side or the White House. That doesn't mean people shouldn't continue to ask for it. I think that we should still. Expect them to to want to get to the truth. The fact that they so transparently don't want to is a problem. And I think we have to talk about that. The fact that they're saying they're going to have a vote and have all, but said he, he is going to be confirmed, shows us that they're not interested in getting to the truth. They're not interested in taking these accusations seriously. And I think the reason that this has been scheduled for Friday is because they're afraid more information is going to come out. It's not just. It's not just that they don't want to give the truth. I think they know the truth and that and I that's supposed to be coming concerning is that they are. They would only be moving so quickly if they thought more things we're going to come out that we're going to be problematic. Otherwise, you just at least go through the motions of saying, we'll do it next week. You don't have the very next day amend. Why does there need to be such? I mean, if there is a rush, why does there need to be the timing that the Republicans are pointing out? I mean, cures saying that it's clearly they're just frayed more stuff coming out. Well, I mean, I think you can look at the events of the last week with what Mike lab Attias threaded threatened, not really at least come through in the last twenty four hours to show why you'd wanna put an end to this. But I think we have to look a little more globally at the importance of the supreme court seat. Republicans made a calculation and the two thousand sixteen election that they would back somebody who bragged about sexual assault on camera to get the supreme court seat and. So unless there is some kind of evidence that comes forward that Indus undisputable. I don't think this thing is going to slow down that said, I think it is important to the legacy of the seat that Republicans do move forward with confidence in clarity about Brad Kavanagh and over the past week, you know, I have questions about the sexual assault. I am certain that he witnessed at least as a student at Georgetown prep and then continuing on his career and I wanna know, did he ever stand up to it? What did he do about it? What did he think? And those are legit questions aside from everything else that do have to be resolved, Amanda carpenter, appreciate it. Thanks and other unprecedented moment today for President Trump. He was speaking the UN boasting about his accomplishments. And then this happened. Didn't expect that reaction, but that's okay. People laughing, the president had a different take on that. Just a few hours later. We'll talk about it and much more Lieutenant Colonel. Ralph Peters. Next. Hey, it's Howard Beck, and I've got money mccutchen the NBA's vice president of referee development and training on Bleacher reports. The full forty eight referee serve the game, our players, our coaches, and our franchises are the game. And that's a huge distinction that I- referees understand and it's wonderful to serve this. This game is the best game ever invented to my opinion. And I, we love serving the game. So check out the full forty eight. Now on the Bleacher report app, apple podcasts, and Spotify. Prison Trump often points out his accomplishments rallies. He did it just the other day in Las Vegas. Today. He tried the same thing at the United Nations and the room for of world leaders proved to be a slightly tougher. Crowd took a look. In less than two years. My administration has accomplished more than almost any administration in the history of our country. America's so true. Didn't expect that reaction, but that's okay. Well, you just heard the president say he didn't expect a reaction, but then hours later, when asked about the laughter the president had a different take. He told reporters on quote that was meant to get some laughter presidents. Now trying to play off the moment as if he was making a joke and one of them to laugh, you'd think he wouldn't want that after all for years. He's been critical of the work on the world stage by his predecessor, using a key phrase over and over. The world is laughing at us folks. They're laughing at us, our stupidity, they laugh at us, laughing at us. It's just crazy what's going on. Everybody's laughing at us, laughing at us. We don't know what we're doing. They're lifting because I think we're stupid. The whole world is laughing at us, laughing at this at what's going on in our country. The world laughs at us folks. The world laugh set us. They were certainly laughing today at the UN joining us now, strategic analyst and author retired Lieutenant Colonel Ralph Peters Colonel. Thanks so much for being with us and just on this kind of minor moment or the president being laughed at in from the general assembly. I'm wondering what you make of it. I, I'm not sure I've seen that before. Well, I think it tells you that the the nations of the world and their leaders and governments have priced Trump into the strategic marketplaces that were, they feel like, okay, this is Trump. We. We know it's going to be bad, but we're going to get through it and it's pretty grim pretty grim when the world is indeed laughing and mocking laughing at and mocking US president. But that's where we are Anderson. And you know, when I listened to the speech this morning. There there is much to worry about, but I have to say that at the end of the day, I was a little bit relieved because you know, instead of getting the black death, we just got influenza you were expecting I from what you're saying, you're expecting worse. I mean, the president's message day it seems to be fairly consistent to what he said last year. Obviously not using, you know, Kim Jong UN calling him rocket man. You know, he actually thanked him for what he described his his courage. Yeah, which was was just playing nutty. But you know. When the president speaks hit matters the words matter and beyond all the braggadocio and the and the clowns show antics, there are two tracks today. One was the immediate were immediate problems facing us, and the other though was much deeper. And I think a lot of people missed it when Trump kept going on and on and on about patriotism and sovereignty, patriotism and sovereignty, words mean different things to different people in different countries and cultures to us, patriotism, we think defending our country. It's a good thing sovereignty. Well, of course he won a sovereign nation with control borders, but in much of the world, when we say when Trump says, patriotism and sovereignty, they hear nationalism and and basically. Their impermeable to to blame that the can get away with whatever they want with their own within their own countries. And you know, there is a line somewhere out there. It's a little fuzzy between honorable patriotism and rabid nationalism. And when Trump preaches what amounts to extreme nationalism, you're dragging the world back toward the twentieth century, a back to the nineteen twenties and thirties on nationalism. Extreme nationalism. As opposed to honest, patriotism was the plague that bursting out of the nineteenth century just ravaged the twentieth century in in tandem with extremist ideologies, communism nauseam, etc. And you're saying this saying you get it gives the gives freedom to other countries to make that same argument. Yeah, I certainly does license. I should say yeah, exactly. It gives him license and they here. Again, it's unleashing the demons that lasts seven decades of peace have largely contained at least in in the more economically developed world. And when he talks about sovereignty again, Twas that means one thing, but to the bad actors around the world. That means I can do whatever I want within my borders. I can kill whoever I want. I can imprison whoever I want. And so again, his speechwriters are mediocre at best. They have no command of language that don't pay attention to the layered meanings of the words. And he was essentially, as you said, giving license to people to act very, very badly as long as they do it within their own borders. So I was worried about that. And then on the more media level of today's problems Trump actually has some good impulses, but he totally shoots himself in both feet immediately. For one example, among many, China, the w-. World is mad at China about its trade cheating. Intellectual property theft, a bullying extortionate loans. In the third world had Trump gone after China. First and foremost, he could have had the EU Australia, Japan, North Korea, South East Asia, all on our side. Instead he attacked all of them and then went off with shot off on China. And now it's, you know, Washington versus Beijing, and we don't have allies in nations. Ally Colonel. Ralf, Peter appreciate your time. Thank you discussion coming up for different story, but Cosby in handcuffs Cosby sentenced to three to ten years in state prison for sexual assault. We'll take a look at the case and the conclusion next. Soccer fans are you? Tired of missing great UEFA games and getting soul crushing spoilers from friends, good news. Bleacher reports, new VR live that helps you watch all UEFA Champions League and wait for your openly games. Funding, because live should be live nowhere third-party sites, cramping, your style of scouring the internet for updates. Now with be our live, super easy to get started. Download the app, visit Biard dot, live from more live over in subscription purchase and additional terms may apply. Tonight, Bill Cosby is behind bars. He was sentenced today for drugging and sexually assaulting Andrea Constand, fourteen years ago. It was the only case that was within the hers was the only case that should say within the statute of limitations. All it. Dozens of women came forward to say the Cosby had done the same to them for some of his accusers today. Consequences for Cosby came after decades of waiting to be heard and believed Jim because ours has more. In a dramatic scene Bill. Cosby leaves a Pennsylvania courtroom in handcuffs once America's dad. Now, prisoner, judge Steven O'Neill sentencing the disgraced comedian three to ten years in state prison for decades. The defendant has been able to hide his true self tied his crimes using his fame and fortune. He's hidden in a character created Dr. Cliff hawks. It was a seminal character on TV, and so was the family, but it was fiction. Cosby has been under house arrest since April after being convicted of drugging and sexually assaulting Andrea Constand back in two thousand and four today constant under family, watching from the first row of a packed courtroom in victim impact statement. She sane quote, Bill kospi, took my beautiful healthy young spirit and crushed it. He robbed me of my health and vitality, my open nature and my trust in myself and others. Judge Steven O'Neill, telling her the jury heard your words. I heard your words then speaking directly at Cosby, Mr.. Cosby. This has all circled back to you. The day is come. The time has come. He also said, no one is above the law. I'll the women who say. Cosby also attacked them watching from the gallery, embracing constant after the sentence was read. Tamara, green was one of the first women to come forward after constellations today's the day that we've been waiting for today's the day when we got to, I got to witness the fact that Bill Cosby was rendered helpless by taking out of a courtroom by policemen Cosby declining to address the court. But after court, his publicist defending him and Mike him to Jesus. Dog resort, great Mr. Cosby knows that God is watching over him. He knows that these allies, they'd prosecuted Jesus and look what happened, not Mr. cosmic Jesus. But we know what this country has done to black me. This has been the most racist and sexist trial in the history of the United States. Kospi's lawyers saying they will appeal, but tonight he is spending his first night in prison. And Bill Cosby was sentenced to three to ten years. So what that means is that he will have to spend three years in prison and in twenty twenty one, we'll be able to go before the parole board for the first time. That doesn't mean he'll get out. He will be eighty four years old. And one other note being in that courtroom today for the sentencing, it was a packed courtroom wall to wall, but Bill Cosby had no one. He did not have a family member, his children, his wife was not there, but his publicist Andrew Wyatt that has stood by him every step of the way. Once again was there alone to Anderson, which report appreciated the news continues to hinder over Chris Cuomo primetime starts. Now, Chris so many people around the world depend on CNN's quality reporting. Now they have incredible online store with clothes gear and gadgets right now you can get fifteen percent off your purchase, just visit store. CNN dot com. And when you're checking out into the code CNN podcast, just one word and get a fifteen percent discount. It's that simple that store dot c. n. n. dot com.
Anderson Cooper 360
Aired 4 d ago 33:58
#204 Brands Went Wild Online This Week. We Are Only in for More
The following podcast contains explicit language. Hello and welcome to Inc. Uncensored our podcast about business startups. Entrepreneurship cool companies and anything else that's on the minds of the incredible people who write an edit for Inc. I'm Christina gory. Chattan and I'm a senior writer at Inc magazine and Inc dot com. I'm today filling in for our editor Jim Ledbetter, my wonderful colleagues. Joining me today are Inc dot com. Assistant editor Cameron Albert dight. I Christine and staff writer, Emily canal. Christine will also be joined later in the episode by Adam Lowry and Neil run injure. The co founders of ripple they will talk about building a company that's part and part food and has a big ecological mission. But I as candidates have begun declaring their intentions divide for their party's nomination for president. I'm like now has dug into their records on small business and supporting entrepreneurship, and as we head toward the Super Bowl marketing is on the minds of many companies, and it was a mind bending week for brands on social media Cameron will explain, but let's start with the candidates Amazon monitoring the presidential. Hopefuls and after digging into their backgrounds can shed some light on the track records of supporting entrepreneurship, small business and other factors that nurture company creation and job growth. What did you? Learn emily. Yeah. Christine. There are several candidates who've already declared their interest in running for president in twenty twenty. Most recently was Kirsten gillibrand who said that she will be running working on things like universal health care and improving public education and job training for people who want to growing class. What's your background like in terms of this stuff? Like, what is she? What does she prove into us? So Kristen has shown that she's really interested in employee ownership and wrote and helped pass the main street employee ownership act, which gave the US mall business administration tools to help those small businesses transferred to a co op or an employee stock ownership plan. Right. So this is kind of it's an unusual company structure for those of you, not familiar e- Saab. It's kind of a way to give back to employees ease without going public. Or if you don't have a really robust for. When k matching situation building an employee ownership is a way to kind of give people almost like a pension. But I know businesses did this work out. Like did was there any any actual growth there attraction? This is still so new just passed in two thousand eighteen so I think it's a little too early to tell but she also worked on small business loans, which is interesting as well. She also last year introduced a Bill to expand the small business administration micro loan program. And this is a bipartisan micro loan modernization act, which gives loans and technical assistance to women and minority. Business owners struggling to receive loans from banks and that passed the Senate in two thousand eighteen in its waiting house approval. Now, she's also been a big champion of wage equity. She helped pass the Lilly Ledbetter fair pay act in two thousand nine I was one of the first things she did when she joined the Senate, and that gives victims of pay discrimination, a little more time to file a lawsuit. Great. Great interesting. Yeah. And other candidates are also jumping in or. Throwing their hats in. Yeah. So she's just one of many also one of so many so many. Yes, she's joining a very crowded field. That is expected to get even more Carmen as the time continues on. So she's joining Elizabeth Warren who's already declared his running for president Kamala Harris is expected to announce on Monday that she's running for president as well. Great. What's come back around in terms of business has she ever started up something or having? She hasn't started a small business, but she's championed for things that affects small businesses like immigration. She's been fighting for immigrants to be able to get their law degrees. Even though a lot of law schools. Don't let you come into law school or get become a lawyer if you've broken a law, and I guess crossing illegally can be considered as that. So share some some organizations are trying to work on that. She's also prosecuted numerous financial crimes such as predatory loaning on that was pretty big and in two thousand twelve she sent a letter to a hundred mobile app, developers telling them to really focus on. Privacy. So you Facebook Twitter things like that and asked them to comply with California state laws on privacy issues. So even if they are based elsewhere or somewhere else of California resident is using the app, they need to adhere to those privacy standards. Fantastic. A little ahead of its time to something everyone's talking about this week. Yeah. Exactly. So while these things don't directly rate relief small business. They touch them in some way. Who else did you look I looked at former Maryland Representative, John Delaney. He co founded two companies actually both of which were traded on the new York Stock Exchange and into did he bring them public. Well, yeah. So the first one was in nineteen Ninety-three he co-founded healthcare financial partners, which was trying to make loans available to smaller size healthcare providers. And then that went public in nineteen ninety six then he also founded in two thousand capital source, which is a commercial lender, which was headquartered in Maryland where he's based and that provided capital to roughly five thousand small and medium size. Businesses and he also brought that public. So he's got experience like on the ground building business. Do you think that would inform him in office? I think it would help. I mean, he doesn't have a lot of political experiences. He's only been in politics last four years. So this is a really interesting move for him. But I think if we're focused on buildings mall businesses in the country that he could be a good asset to that. Great great and one of the most well known candidates whose declared she's running for president is Elizabeth Warren, and she's been a big advocate of consumer protection. And following the two thousand eight financial crisis. She served as the chair of the congressional oversight panel. So she became a big leader coming out of the financial crisis. Someone who wanted to make sure that it happened again. Wonderful. We'll thank you so much for that round up, and you can see Emily stories on on Inc dot com on their up this week crane and probably come on next week. I would guess yes. All right, next, turn to Kamran and a segment that I've been thinking of as brands went crazy on the internet this week because they did. So can you explain what's been going on and this week? And then then we'll get into the why Schorr so this week was sort of the unofficial start date of viral stunts and promotions in two thousand nineteen which makes a lot of sense because the Super Bowl is now in two weeks. And so we're going to being a lot more weird and crazy marketing campaigns between now and then and if we're gonna talk about viral, branding, we have to start with the in the room. That I mean the Instagram egg which broke Kylie jenner's record for the most liked Instagram post of all time the account is at world underscore record underscore egg. And it only has a single post. It's a picture of a plain regular egg. Where did it come from? What is this? Nobody knows someone interviewed the the anonymous interviewed the owner of this account who only self identified as a chicken named Henrietta. So so honest, it's a mystery. What we do know is that the previous world record was eighteen million likes as I mentioned held by Kylie Jenner the egg past eighteen million on Sunday. It had forty million likes by Tuesday as if this taping. It's nearing fifty million likes. And I should be clear. This is the sole purpose of the post to the post exists to break the record that is that is the point. And it doesn't appear that it's touched any company or any like lobbying. It's it's not like this is in the. Big egg. So armee talking about this. Right inc. Dot com. Columnists Dakota, Shane wrote this article detailing the ways in which business owners should still learn from this weird wacky internet stunted. And he mentioned a few points that I think are worth going over the first is that. Humor is important. It seems weird to to say to put it in those terms. It seems really obvious when you put it in those terms up more and more people wanna see the human side of brands. There's there's really only one rule when it comes to this. Which is make sure your jokes are actually funny who right, right, right? I mean, people are consuming this stuff casually, and they wanna feel like like, it's for them. Right. Exactly. Exactly. And there's there's really there's less of a place now than there ever has been before for sterile or stale or buttoned up some more polished brands than more. I mean on social at least on social, yes. The key. The key word everyone's been using is authenticity while that may be a silly buzzword and something that now qualifies as jargon that no one should ever say the idea behind it is still important, and it still matters. And it's still true that the brands that come across as as real and relatable, which is maybe a better word than are the brands that tends to breakthrough right? And speaking of. Breaking through and having a voice and a clear perspective. What happened with Gillette this week? So there's a Gillette ad that has been heard of it. Everyone's social media feeds since Sunday when it was published some guessing that everyone here has heard of it or has watched it probably watched it. It's a short film. It's less than two minutes long, and it has nothing to do with razor. Instead it focuses on the me too movement. Specifically the issue of toxic masculinity. And this sort of boys will be boys ethos Ida, basically challenges men to be better to hold each other accountable to raise children in a way that encourages healthy leadership and communication, and if Gillette was looking for powerful responses mission accomplished, right? It's really it's sparked debate on all corners of the internet. Whether you believe that, you know necessary or useful. Or what's that like on the one hand, you have these people posting on social media about how powerful the film is? Exactly how it inspires them to act and gives them hope for the future. And on the other hand, you have people decrying it as feminist propaganda and saying there's no such thing as toxic masculinity, and they're going to stop buying Gillette products and unsurprisingly the responses seem to be coming down along political lines. But we already talked about politics earlier. We're here to talk about branding. And in that sense. This is a textbook example for really any business to follow. Another of our columnists, Scott mouths wrote a really cogent analysis that that I think is worth checking out he worked in marketing for Procter and gamble which owns Gillette for twenty plus years. And he said that whenever he was evaluating at his most important metric was was this. Did it make me feel something? And I think we can measure the short film by all sorts of different metrics can measure, it's social vitality by all sorts of different metrics agree with Scott. That's the most important one. It's pretty undeniable. This is making just about everyone feels who didn't feel something and Gillette itself. Brand is apparently loving the controversy at least. Publicly. It's executives have have publicly stated that their intention was always prompt debate and conversation, and and also the more we talk about this ad the more longer Gillette's name stays near the front of everyone's mind. So the one big over arching lesson for listeners from from all of this is that is that there's less value as as I mentioned earlier in being this buttoned-up sterile brand in terms of your public persona than ever before if you come across as insincere or overly promotional or like, you're trying to be funny and completely failing at being funny. No one. Will remember you or worse. Everyone will actively dislike you, but if whether through humor or payphones, you make people feel something that's what defines great marketing in two thousand nineteen. Yeah. Absolutely. I think there is one kind of other smaller lesson within this ad that hasn't been much discussed like the little nostalgic. Turn toward the beginning of the ad where you know, Gillette kind of looks back at its old campaigns. It says the best man can get you know. And I think it's it was thinking, let's. Let's revisit that. Right. That's why can't campaign came from. I love it. When brands could have taken to account what they've done in the past what their image has been and smooth forward. You know? That's that's good branding, and it's a smart pivot to go from the famous tagline that everyone in the world knows that the best man can get to this this sort of temporary tagline for this one campaign, which is the best men can be which obviously like those are those are almost the same, but they have very different meetings. And as you think about the difference. It's it's it's clever absolutely in clever marketing to women. But so is this the every I mean, just the the other brands who are heating up online this week is this like TIs the season for crazy campaigns, right Amine suit, his we're gonna see a lot more. This says every year is just heating up because of the way socialist growing right now, what do you think I mean Super Bowl ads are popular every year has many people watch this both for the ads as for the game itself. Probably. More for the ads than for the game itself. Maybe I dunno national. I watch it for both. And in recent years, we've seen you know, a lot of we've seen ads come out early and people building hype around their companies or their products by by getting ahead of the game. And and so once you actually see it air on TV during super Bill. You're already familiar with the campaign in the product, and it's possible that Gillette is actually doing this like they're getting out in front, and that will see more of this. Or maybe the next step in this campaign as we get to Super Bowl Sunday. They know what I've heard already is that other other big advertisers. Do have Super Bowl space are targeting women more this year, they've come to realize, hey, it's fifty percent of the people watching the Super Bowl. Yeah. He's. He's. Right. So look for that look for campaigns by you know, bumble and oil of olay, I think there's like big stuff coming to. Thanks cameron. Welcome christine. Visit the dairy aisle in your local supermarket lately. And you'll find nearby a lot of not dairy. It's not just almond milk anymore. There's coconut in ham, and now p milk we're joined today by two business partners. Adam Lowry and Neil run injure who created a company called ripple foods, ripples, the creator of non dairy products made from yellow piece they may Cremers protein shakes non dairy milk kid packs, and the company is built around sustainability. These guys have a track record of success, Adam previously co founded method the cleaning products company. Hey, Adam, and yeah, of course, and Neil had a company in sustainable science called amorous. Hey, they are coming. Welcome to the show. So tell me about ripple foods you are more than two years now. Started the company some four years ago have been on the shelves for two years, which one of you would like to get started and bring us up to speed on the company. Yeah. So we we make plant based foods make them delicious. I'm I'm a technologist by training. My last company was as you pointed out in as kind of a hard science synthetic biology company. And we founded that company to to have impact with the science of we were making it timely role drugs and bio fuels and renewable chemicals impact is very important to to me, and it's very important to Adam as well meet. Yeah, we met we actually are our companies collaborated together, and we Amherst was making surfactants for methods products. And what's interesting is actually during that collaboration. Ataman? I are having cocktail one one evening, and and I was complaining about my company a little bit. I to be perfectly honest. I was I was frustrated a little bit because we were primarily ABI company. Amherst was and cousin that we were dependent on our downstream partners to bring products market kind of pull demand for for our products. And you know, you're not in control over those companies. And so that development cycle is last longer than you'd like to see, you know, I tell an adult man, I'm super jealousy. You because you are close to consumer. You've got that that relationship with the consumer. You've got that kind of control. And I turned around to kneel and said, hey, I'm jealousy. You because you've got this. Really awesome technology that you've created. It's unique. It's owned only you guys have it. You can you can deploy it in a bunch of different areas. And man, I wish I had that because method we we're very much a product development machine, which was awesome. And in great. But I wanted to be able to kind of protect and fortress the business through not just the brand but through through technology as well. And the funny thing was we just kind of shrugged off shoulders and. You know, finished our drinks. And that was that. And then so when did the idea for ripple come about? Yeah. That was kinda late in twenty fourteen and I was doing an entrepreneur in residence at at venture capital firm. And and you know, is lucky enough that that firm started to make investments in in in the food space and got to spend some time with those companies and just recognize the opportunity it really hit all of the the buttons for me one that relationship with the end consumer. And and that's obviously something I was looking for after the night my time at amorous. The second thing was the the impact that you can have obviously with with something in the food space. You're talking about food is anywhere from twenty to forty percent of the carbon emissions our planet, depending on who you ask. So it's massively impactful on top of that you think about the nutrition impact of food, of course. And so so the the impacts were there, and then the third piece was. The fact that there's really very little it. True innovation in the food and beverage space. Now, a lot of investment in food Beth absolutely in terms of I mean, especially when you look at the rest of the flow of money in Silicon Valley. Right. So I mean, I guess I had noticed a company called used to be called Hampton Creek now called just just eggs, just whatever. So they make basically they use the same sort of protein to make eggs substitutes was that something that inspired you or was that something you just noticed like there is an invasion going on here? Like, we can do milk better. Hampton was actually one of the companies in the portfolio. I spent a little bit of time with and and. Yeah, absolutely. You know, it's kind of like how these guys these guys are having a an impact right there. You know, they people are buying their product, and because of that because of this ability that's built inside of the product. They're having a big sustainability impact. And that actually reminded me a lot of what Adam did at method. Yeah. And really the the big thing that made method successful is that we made relevant to a mainstream audience a cleaning product by making it counter worthy. And. Yeah. And a minute that's showed up on target shelves. I it was like everyone just think that's beautiful. I'm buying it. Yeah. Yeah. And it didn't matter whether you walked through the door of sustainability, or whatever and it, and so what it did is it it really expanded the audience of people that were buying sustainable cleaning products in this case and for for ripple foods, we're we're actually falling very similar playbook talking about the category for a second. Most dairy alternatives are really awful alternative dairy. They don't have any protein. They're thin. They're watery Chaki. And we're changing all that. Yeah. I've I haven't tried it. I have purchased it for a relative who literally my family feeds feed it to their baby. They love this stuff. So I've heard. And thick and has more. Milk. Yeah. It's dairy free the way it should be. Which is it has the same amount of protein is right. So milk should have sugar. Right. It's got half the sugar and yet it's rich and creamy right because dairy alternatives are pretty gross in coffee because he put in like, coconut milk or almond milk and coffee, and it just tastes awful. 'cause you're adding water to it. But your product. Yeah. That's a lot of like, exactly right. Yeah. That's so interesting. And so what's what's next? I mean, you actually before I get into what's next, homey. How the heck you got on store shelves so quickly within a couple less than two years of starting this up. You had a slate of products. And we're the regulatory challenges where there over the hurdles to actually getting in front of consumers will getting retail distribution as a whole sort of science and art in and of itself. Fortunately with the experience with method and method being successful and playing a really important role for its customers in that meaning retailers as well. L as for consumers in the passion. They have for it. It was a relatively. And I mean relatively doesn't mean it was easy. But you could walk into those same customers and say, hey, this is what we did in the in the cleaning segment, and there's a lot of similarities of what we're trying to do in the non dairy milk segment, particularly as it relates to creating a more sustainable premium brand within what retailers consider a high frequency category. Meaning when you run out a laundry detergent, when you run out of milk, you go to the store and to be able to create a premium brand within those spaces really strategically important for retailers, and then our audience for ripple the people who buy reporter, generally, mushy, younger more family oriented than the category itself is and so those are actually the people that these retailers are losing to online retail. And so they're really excited to have our brand bring the right people into their source, and what is life longer than milk. Yeah. Longer. That's great for them. And I mean, most people don't think about this. But all dairy is a regional business in the US distribution is all regional you're not those that's one of the benefits of our of being a plant based company is that you can you can distribute the products consistently all throughout the country. Wow. That's fabulous. And so what's what's the future? Hold. What are you have many different kind of products already are branching out further and further it's next. I mean, I think it's probably worth starting with what we're actually trying to accomplish. Which is America's going more plant-based, and the reason people are going plan paste isn't because they have to because they want to it's a lifestyle choice. They wanna be healthier. They wanna be more environmentally conscious. And what that means is people are no longer choosing products that are plant based because that's the only thing available, and it sort of a sacrifice they want it. All right. They want plant based foods. They're actually delicious. Don't sacrifice the nutrition and all of that in the key to unlocking that creating delicious plant based foods is the technology that Neil described which and he's only described it a little bit, which is is that making you know for for ripple foods making protein, that's really clean means. We can make foods that are really delicious that are really nutritious that actually don't taste like peas and for us. That's not what makes us unique. It's not as an oddity that our products have in them. But what makes us unique is that we can make plant based foods, really delicious. And if you do that, then you're going to open up, the the the the market to a much broader audience of people that just wanna make a lifestyle choice in. It's that intersection of the business opportunity that creates and the opportunity for really driving some change from an environmental and sustainability standpoint, that's really motivating for us. And so to answer your question about where we're going next. It's really to build that Bill. Out that vision, build ripple into a brand across the entire dairy regimen. That shows what dairy free really can be when we spoke a couple of years ago. I believe you said something along the lines of you could develop other products made out of other plants like peas were great and they had a lot of protein, but there were other options available to well. Yeah. That's right. I the the the technology's feedstock idealistic we can use any feedstock. We choose to use bees. Because they are you know, right now, they're the most available most stain -able lowest cost source of plant protein other than soy, but we are working on other other types of feedstocks things that that the stuff that really gets us excited or are things that are agricultural byproducts. So think like canola meal, right? It's it's a byproduct for making canola oil or sunflower meal. Same things, maybe it's a byproduct for me. It's stuff that normally goes to to feed cows, honestly. Yeah. Exactly. So so we were our whole mission is to kind of dissident remediate the cow here and make product straight from those those feed sources, great from an economic standpoint dosa, great from a sustainability standpoint, and what's really cool about that. Is right now ripple makes the purest plant protein anywhere in the world. We call it rip teen. It's our proprietary protein that we do make from Ps as Neil just explain what can make it from anything as we get to these lower and lower costs. Sources these secondary feedstocks in our goal is to create not just the cleanest protein in the world. But actually the cheapest plant protein in the world, and if you do that that is a massive massive business and sustained absolutely. Can you give us a breakdown of the sustainability too? So that the listeners can understand how much cost saving it is water. Yes. Yes. So how yeah. Yeah. So to kind of put it in perspective with the with the. Products that we've sold in the last year the amount of if you were to try to get that same amount of protein from almond milk. For example, it would take over one hundred fifty billion gallons of water more, which is the amount of water that LA uses in an entire year. I mean, it's nuts. Right. Another another example so from carbon standpoint if you were going to purchase dairy milk instead of the the amount of ripple we sold in the last year, it would take about twenty million pounds more greenhouse gas emissions and with that same amount of ripple people got five hundred tons more protein and two hundred tonnes less sugar. This is what we call the ripple effect brand is about doing one little thing every day and feeling good about, you know, doing one good thing instead of feeling guilty about the things that you don't do well, and these are the ripple effects that really add up now on kind of a comparison basis. We have a bunch of stats on our website. I'm not gonna have rattle them off about the specific sustainability benefits, but they basically break down to it's about ten times. Better broadly, speaking than dairy and almond or coconut, cashew haute. On water and carbon. Wow. Those numbers are very huge. Well, thank you so much. I have one more question for you. That has almost nothing to do with your business. But I read in your bio that you each have kind of fascinating personal hobby from your past something about an Olympic level sailor and an MIT blackjack team, which is which how did this happen? I'm the blackjack player in the L is blackjack player. I think I should have been able to get that one. Well, I don't know. It's all about the fat suit. No, you have to go into skies. Every once in awhile, and the disguises get more and more intricate depending on how many times you've been kicked out of a casino. So. Yeah. It's played blackjack starting when I was about twenty years old, and and you know, through undergrad and grad schools fund your business. No. Indirect. Yeah. You know, it I got to live like a normal person in grad school, I guess as a super poor. Exactly right gambling with Neil, really. Fun is the word I would use almost spectator sport. Yeah. And have you been sailing with world class sailor? Adam I have not. Just you know, recently. I'll let you brag. The boats sail are really small, Sarah. They're small high performance boats that when we sailed them we left out of the water. Yeah. Pick them up and put them in the water. So yeah, I've done a bunch of sailing. I was an alternate for the Olympic team in two thousand Sydney, and now I'm very much weakened for your. But Neil is referring to the fact that there's a big international class that actually just won the world championship. Light boats. So say to people so myself and one other and yeah, it was it's it's what I love to do for fun. And it's good to be able to still do it at a little bit of highly. Yeah, that's amazing that you're able to maintain that kind of as quote, unquote, work life balance. Whole family in there to come. So ahead the family at this event, which was fantastic. When I when we won my girls game and ran up and gave daddy a hug. It was pretty special. That's so great. I love it. Thank you so much Neilan Adam for being here today, and we're gonna wrap up with our like buttons, we will include you. But I I'm going to get one from Cameron. What is like this week? So last week police in Wichita falls, Texas band woman from her local WalMart, it was a little after nine AM. She had been there since six thirty joyriding electric shopping cart while drinking wine out of a Pringles can who. But that's not the good. The good part is that upon seeing this story writer for food and wine magazine, immediately thought, wait. Yes. Can you really drink wine out of Pringles cans, and it turns out you can't in fact bottle of wine fits? Inside a Pringles can. But can also waterproof. And it's lit does. A surprisingly good job at sealing liquid in. So you can take it anywhere. You go on your hiking trip or in a bumpy car. The writer advises that you don't have to worry about washing out your Pringles crumbs because no matter what you do. Your wine is going to smell like Pringles. But obviously the most important part is the tastes. So what it tastes like the writer says he was quote, startling una fended unquote, overall that phrase, he doesn't he didn't recommend it. And I haven't yet tried it. Just imagine sniffing. What you think is wine and instead getting strong hints of Pringle? It's a great example of American ingenuity camera. I note I'm getting you for your birthday. Oh. Get the pizza flavored Christine. My like button. This week is YouTube is really taking a hard stance on people who are trying to do the bird box challenge, which is blindfolding themselves in doing really risky behavior. And they are cracking down on this. They are trying to take done videos and encourage people not to do these things could be really harmful to themselves to others. Yeah. I love this as a policy turn because it's really not just on Burbach on any behavior. That is you know, promoting dangerous stunts dangerous actions. And like a lot of the stuff on YouTube is like teenagers balancing on top of buildings and like touch. Yeah. Exactly. But this is the it seems like there this is when the bigger responses to a viral trend, and I think that's really fascinating 'cause came up really quickly. And then they squashed it really quickly or they're trying their best to I would argue they could be quicker, but here's to progress. Right. Great and team ripple. What do you have for us today? I know we're treating you like a lake real editors here. I loved the video of the two seventeen year old boys that were put in front of a rotary phone given a phone number and asked given four minutes to make a phone call and they were unable to do. Yeah. I believe it unable to do it. It was as somebody who grew up with a rotary phone. It was I was in stitches, and they're sitting there, they're like the can't figure out how to rotate the thing around. They don't how the numbers work. They had no idea that you had to pick up the receiver. It was like a theft prevention device. It was awesome story saw where kids were trying to figure out. Why we use the phrase hang up? I'd love to see these kids. Do a collect call from a payphone. That's it for this week. I want to thank our incredible increase editors Cameron Albert Deitz hosting the wine in Pringles camping for science and Emily canal. I am not. And our guest meal and Adam from ripple. Yeah. Thanks for having us. If you like listening to in concert. We'd love to hear that please take a moment and go to leave us a review. Awesome to hear what you're thinking. And it also helps new listeners find us our incredible producer who is currently crushing up yellow peas in hopes of finding the next big thing is Manella morale is I'm Christina Goriacheva Chephren. Please join us again for the next gun censored. Panoply.