35 Burst results for "Eighty Five Percent"
America’s Zombie Companies Have Racked Up $1.4 Trillion of Debt
"Zombie apocalypse on wall street. Hundreds of big name companies wants american icons are now among the walking dead names like boeing carnival delta exxon macy's. They aren't making enough money to pay the interest. On the mountains of debt they feasted on during the pandemic. Nearly two hundred companies have joined the zombie ranked since march and their numbers are growing total debt obligations now nearly one point four trillion dollars. So is there any hope for the walking dead here guy. I mean what's interesting. Is that a lot of these names. They are names that we talk about trading on this show. So how should we start thinking about this before we get in the walking dead. I just want to point out. That's a great job by our crack. staff leading. With of course the cranberries zombie which is a bit of an obvious choice in the great delors. Oh reared who lost too soon. She was obviously the founder of the band wonderful vocalist. I might have gone a different direction. And maybe we could've played something like this for example. Melissa leo the crack staff is listening into the show. Why the zombies. No it's important to point out the folks at home. It's more important than actually trading our first topic in what is known as the block of the. It's not it's not more important. And i and we'll talk about the black and we'll talk about zombie companies because i think it's important and last night we mentioned macy's and you talked about one hundred dollars table. Then tim said might be the thousand dollar table. And i think collectively. We thought there was a real good chance that with test that nine fifty five level which was the june high and i think it got up to nine twenty five today on two or three times normal volume. Now's the time to be taking profits. A lotta shorts have been squeezed other companies that you mentioned delta for example. I think that's a completely different ballgame. But what i will say. This counterintuitive is. This may seem if the economy starts to get better. You would think this is good for these companies but that means interest rates economic higher. And that's going to cripple some of these companies. We talked about it last night. And i'm sure one of our guests coming out. We'll talk about that again. Tim how do you start thinking about macy's and that debt that they apparently can't service. I mean when i think about dombi i think about that thriller video and i know guys got that red leather jacket with all the zippers on it. So just just to be clear. I think when i think about those companies you just mentioned they're all they're all different in terms of their Potential to be proper zombies a great band by the way. But i think you know boeing not assam company You know it's not Boeing is a company that has the ability to raise debt. But more importantly yes. Boeing's business has been totally disrupted boeing. His burned through so much cast in the last year. And it will burn through some castro most of twenty-one but it will be free cash flow positive by twenty two in probably be neutral by the fourth quarter so calling them assam company. I think is absurd. Calling macy's zombie company is something that's at least a fair analysis although again macy's showed that free cash flow with something that they expect they're going to have in twenty twenty one two and a company that raised a lot of money To to at least be able to fight another day including having a three billion dollar asset back facility is something you don't do cartwheels over macy's position right now but the recovery there and i'm long so i've made this clear. I actually think there's more of a recovery story even though i don't think macy's gets better overnight. Delta relative to other airlines is not even close to his ambi- story dealt is actually going to start to make money towards the fourth quarter of next year and we're not talking about a normalized business. We're talking about a business where odyssey international comes under a lot of pressure. So i also just think that the fed and the role that the fed is playing here and the role that the fed will play just through talking About the bazooka in their pocket means a lot of these debt markets. Don't have a whole lot of an impact in the next six months To what people think they're gonna do. I really don't expect it so it doesn't matter that these companies zombie companies it doesn't matter that delta added twenty four billion dollars in debt since the pandemic started by baldwin. At what point do we start getting worried about that. Debt load and these companies guy made the point that if the economy gets better you would think that that'd be better for these companies that can make more money they can etc said sell more whatever they make but then interest rates go higher. So how do you weigh that. Yeah those are all interesting. Factors that keep into To keep in the front of your mind. And tim did a good job of laying out the differences of these companies. But speaking to your question right the commonality of all these of these companies that they have as you have looted to have added significant portions of the balance sheet this year and they're burning through cash at a rate and their revenues are down at rates that we just haven't seen we're talking about you know seven and a half billion dollars of cash burn and eighteen billion dollars of casper burn boeing's example seven and a half carnivals example. So you have this push pushing pull situation. What i will say is that you've seen across the board. All these companies put one thing. I right and that is runway. And so they've taken on this debts that they have enough cash to get them to their next stop in order for them to continue to be able to operate what we've seen is them trying to achieve operating leverage by reducing staff count. And that is what. I think the topic that we're kind of trying to speak to. Here's when you start slashing human capital when you stop investing in capital expenditures when you stop innovating that is what leads you to being somewhat of a dead zombie company even after you've getting on the other side of this debt service coverage ratio also something to keep in mind. You can't meet your interest. Can't meet your debt service coverage ratio. You got serious problems dan. Yeah i think bond would makes a great point there and just look at our auto industry over the last ten years and obviously gm came out of bankruptcy ten years and wiped out a lot of that debt but they had a huge government interests that was really carried along and probably hurt them a lot of different ways as far as innovation and the way the bhawan just described it. It's clearly hurt for a lot of ways and look at the auto companies are doing really well right now so i think that's a great point. The other point on this make about this is that this is the world that we live in. It's the world that a lot of parts of our planet have been looking at japan over the last thirty years or whatever and then we are going to be saddled with debt whether it's consumers whether it's sovereign balance-sheets whatever the heck it is corporates. That's just the way it is. And that's why interest rates are really never gonna meaningfully. Go up again. Because we can't service all the debt and just make one other point if you think about twenty twenty and what's happened here. Obviously the fed has done their job. They hit this crisis early to make sure that we did not have large-scale bankruptcies right of some major corporations which would really snowball the unemployment situation here but let me just tell you this here. We are now four months out from expanded unemployment benefits. Were heading into the holiday season. We're in a very rocky transition and a lame duck. Congress and there is no more fiscal stimulus for small businesses and consumers. That need it really bad. So the fact that we have a trillion dollars for a bunch of companies that were buying eighty five percent using their free cash flow to eighty five percent of their free cash flow to buy back their stock over the last five years. The airlines and we can't bail out restaurants so we can't bail out consumers that is really troubling to me. Yeah we're really tough spot right now in terms of that bridge to the other side waiting for that other side for the vaccines actually be distributed and as well as injected into the arms of americans
Will distributing a COVID-19 vaccine be a "logistical nightmare"?
"About the subject of vaccines. How hopeful here as you said. We could be a couple of weeks months away from starting to see some distribution. Can we get people to take it though. That's the million dollar question. It's gonna be a logistical nightmare. I mean first vaccine. The pfizer vaccine is gosh to have to store that Minus i think ninety four degrees fahrenheit refrigerators can get it down to about ten degrees fahrenheit but Mine is ninety four fahrenheit. This is very very unusual type of product to during product that they've talked about today doesn't have such stringent requirements. But look it's it. It's going to be a nightmare to try to get this vaccine distributed to three hundred and thirty million people across the country. And by the way you know you're going to need two shots three to four weeks apart so trying to keep the the the pfizer product you know at this very very cold temperature in distributing it in a very timely fashion. I don't think people are going to probably be able to get vaccinated in terms of the masses probably into spring into summer. That's the reality. So that's why. I'd be a very very strong advocate of again. You know personal wearing a mask hand washing all the routine things that we've been told now many many times but the vaccine i think it's it's it's gonna be Our way to escape this plague because Your alternative is herd. Immunity who eighty eighty five percent of the population ultimately becomes infected Than than than transmission naturally slows down. But i think it's interesting these two products. But i the the the to mr and a vaccines have been available. You know what it's no cuisine and it's that these are in a Vaccines have come around. I as opposed to the more traditional what we call whole virus vaccines so these products. It's it's great Genetic engineering where you have the body's response to generates a protein that your body reacts to and then theoretically protects you once we had the genetic sequence of the Covid nineteen virus was relatively easy. I mean i'm not a vaccine. Knowledge is but i can tell you. It was relatively easy to make an m. r. a vaccine. What we have to do is prove that it's safe and once we can get that data out. I think that'll be really much more reassuring to the general public. You never really know clinical trials or one thing. There have been lots of medications that did great and a clinical trial. Guess what when they opened it up to the general physician prescribing population and we started giving it to all our patients. They had to pull it back within a year. Because there were all these unexpected unanticipated Medical problems associated with it. And i can tell you that. From personal experience with antibiotics that looked great on paper and once they were delivered into the general population. Unexpected side effects were seeing and the fda withdrew the approval.
Donald Trump Is Still not Conceding To The Election Results
"Donald trump is still refusing to concede after losing the us election and is insisting that he won citing baseless claims of voter fraud. He's backed up by most of his republican party and together. They're ignoring the will of the people the very foundation of democracy brian classes and associate professor in global politics at ucla and a columnist for the washington post and has written extensively on these subjects. Brian is this aku. no it's not. And the reason for that is because a coup has a very specific definition. Which is a seizure of executive power by military force. And that's not likely to happen in the united states but it is potentially going to be something where the republican party and trump are attempting to seize power after. They've lost an election which is extraordinarily dangerous for democracy. And even though it's not easy to succeed in it is. I mean there joe biden. We'll get inaugurated on january twentieth. The amount of damage is doing in faith in the democratic institutions and the democratic process of the united states enormous. And so we shouldn't take lightly i mean. Can you imagine the international reaction. If this was happening elsewhere in the world. Latin america africa. There would be a huge global outcry. Why are so many colluding with the emperor's vision of his new clothes. It has happened elsewhere in the world we had an election. a couple of years ago in the gambia in west africa in which gem lost the election and then claimed that he wanted and tried to stay in power and there was a threatened military intervention To remove him and eventually forced him out. So you're you're absolutely right. It would be treated differently and very seriously the reason why people are going along with it is twofold one is on the international stage. You have hesitancy because of geopolitics. So you know. Boris johnson would condemn this. If it was happening in west africa he won't condemn it in the us because he's worried about the blowback from the trump administration the last seventy days and on the domestic stage. The republican party is going along with it because they've made a calculation unfortunately that they think that it's best to keep the base fired up and also they don't want to alienate the base by breaking with trump before. They think he's had his time to sort of run his course so they've made a very cynical strategy Part of their game plan. And it's as i say it's doing immense damage because a majority of republicans now something between seventy-five and eighty five percent of republicans. Believe this election was stolen. Despite every piece of evidence pointing to this being one of the most well managed and well executed elections in modern american history. So at what point does it. Democratically elected leader become a dictator. It's a very good question. It's a gray area. It's it's basically win. They have taken power and failed to relinquish it in accordance with the democratic process. And so this is an instance where if trump were to stay in power illegally then yes of course We would have to stop talking about the. Us has democracy. What we have now is an attempt right. I believe that the democratic institutions of the us even though they have been battered under the last four years in our very damaged are strong enough that in this instance it won't prove successful and i think if we do actually game out the idea of him somehow trying to stay in the white house after january twentieth wouldn't the. Us shut down. There would be there would be riots. There would be violence. There would be general strikes. I mean it's it's unfathomable because even though that chunk of the republican party the hards believed that trump's somehow one or that the election was manipulated. And they're wrong about that. Eighty percent of the country knows joe biden one which is depressing. It's only eighty percent because it's quite clear that he won but it still overwhelming and therefore it's impossible to imagine Trump stained power without enormous backlash to that. And i don't think the republicans would actually go along with it once you get to that stage. I think they're indulging him because they think it's a ploy but i don't think that they would let him stay in power beyond inauguration day and i'm guessing that also republicans don't want to alienate the voter base. That may well get them to senate seats in georgia on the fifth of january. Yeah it's an interesting strategy this because of just in terms of pure it's obviously extraordinarily cynical but if we're evaluating interest from the merits of strategy as effectiveness there's a potential for blowback here right if you tell people that the elections are stolen from you in places like georgia. There's a risk that people in georgia who are republicans. Don't vote right. I mean they have. They have to get their base out and so even though they might be fired up about the the narrative that the republicans are selling them the narrative selling them as saying don't matter because they get rigged anyway which is again not true but some people believe that to be true and you wonder if on january fifth which is not a normal time for people to be voting. Usually special elections have low turnout whether the democratic base which is going to be very fired up for this could have a boost from the fact that some georgia republicans will say. Forget about it. I i don't wanna vote. Because i've heard all these conspiracy theories that my vote won't be counted anyway so you mentioned the danger for democracy an and as he also said one presumes that eventually he will have to go but how much damage can inflict before he does. I mean one area would seem to be how we view democracy in the future and would perhaps appoint to a changing of the constitution. Which really only has a couple of paragraphs on the office of the president. And i guess it relies. It's soft guidelines isn't it relies on on the good nature. The good faith of the president to to behave in a presidential way. Maybe that needs to change. Yeah i mean. I think the story Of the post trump era could be one. That's very optimistic. For democracy depending on how the senate seat elections go Because as you rightly point out what he's done is exposed. How much of american politics relies on norms and the sort of good faith that people in elected office will obey those norms. And what could happen as happened. After watergate with richard nixon is an attempt to codify right into law the norms so that they can't be up for discussion and i think this would be a very positive development that being said he can do enormous damage. He's got seventy four days in office and you know he is poisoning Republicans in particular in terms of their minds thinking about democracy. And that matters. I mean you have to have both parties believe in the legitimacy of the other party when they went elections if you want to have a democracy survive and right now that is not the case. And i you know. It's the first time in at least modern american history. That's been true so we do need to pay very close attention to what he's doing in terms those soft aspects of democracy. Now he's mark espa the defense secretary since then. There's been a run of firings and resignations at the top of the pentagon. John now has his people in place. And he's ousted those whose who would defy will. What might he try and achieve here. I mean could. He bring troops home from afghanistan in time for christmas. As long said he would thereby further destabilizing the region could he provoke conflict with iran leaving biden with a huge issue to deal with. Yeah this is one of the mysteries. I mean trump. You usually can understand trump pretty well by looking at ego narcissism personal interest financial interests. The question here is whether that explains these moves. As well so one narrative of course would be espa stood up to him on various things like deploying the military to quash protests and said. I'm not going to do that. And this is payback for him to fire him but there is some other stuff going on. That makes me wonder if there's more to this story like for example. A series of arms deals that have seemed to be arms transfers. It seemed to be concluded with various middle east Dictatorships and the question is is trump trying to do something to us foreign policy or is he trying to provide favors to countries that he may have future business interest in because his financial empire is going to be under enormous when his debt gets called in after he leaves the white house and there could be some Interest for him in trying to curry favor with some foreign governments in which towers may sprout up in the coming years. I don't know but Tinkering with national security drain a already volatile. Lame duck period is extremely dangerous. And it's not just the firings it's also the fact because he refuses to accept biden's transition biden hasn't started getting the presidential daily brief so he's not up to speed on all the threats facing and all of that means that it's less likely that biden will be as ready as possible on day one and that is something that should not be a partisan issue it should be for all americans to care about and of course he's not getting the funds that are meant to be released for the transition team either and there's a deadline for the legal challenges and as you say it's unlikely any of them will stick to to the degree that they changed results. So how and. When is this going to end well. Presumably what will happen is the certification deadline which is coming up in a couple of weeks for the various states. will come and go with certifications so that you know the new times called or email. All of the secretaries of state who are in charge of elections in in all fifty states and one hundred percent of them said that there was no fraud in their states and in fact trump's lawyers are saying the same thing in court when they're pressed right. The judges are are you. Are you alleging fraud. And they're having to say no because the lawyers actually have to inhabit reality so at some point the results will be certified and once that happens. It's a legally binding certification. That trump has lost the election so i think that the delusion will increasingly become a fringe view. It will still exist. Trump may never accept that he lost but as long as he's out of the white house on january twentieth limits the amount of damage he can do because it will be the end of his time in real power. Brian thank you very much indeed.
How To Grow Your Business
"We are really fortunate that this podcast has continued to gain recognition as a great for small business owners. Business leaders sales professionals. Were you know we've been included on all sorts of lists of the best podcast. Listen to and that is because of the guests. These are folks who have expertise in particular areas of business and they are gracious enough to join me for a conversation where they share that expertise with all of you that way you get the information you need when you need it as you need it. I go back and listen again. You can reach out to the gas All good and that is all here to help you succeed and being more profitable and successful. Today is no exception. My guest today is andrea albright andrea. Who is recognized as a thought. Leader publisher is on a mission to create the next movement for authors and evolve the publishing industry. She's not just the publisher she's a legacy maker. Andrea has become the author of twenty five bucks reaching tens of millions worldwide in over forty countries. Now she's taken her passion for helping author sign the same success by publishing books with meaning. Thanks so much for joining me andrea hello alot. Thank you for having me wonderful to be here. I am thrilled to have you here. we're gonna be talking about marketing and growing business in an all that happy stuff. And i i'd like to start with what sorts of personal obstacles do you think entrepreneurs face when they're starting a business. Well obviously there are a lot of obstacles which is why the success rate of businesses staying in business is only about fifteen percents within five years which is really crazy to think that eighty five percent of businesses will be out of business before five years and so obviously there are lots of obstacles or else we wouldn't have these kinds of statistics. You know the beginning of a business is it's like the baby you know it's got very few resources doesn't have a lot of credibility or traction and doesn't have a history or a legacy all it has is the vision and the vision is. What an entrepreneur. Start a business and i. It's the moving out that visit why entrepreneurs fail especially in the startup phase. Really okay. So so they lose that vision. What happens there. Well you start a business. You see a possibility for something better. You are either innovating. An industry a product service at you. Think you know what i can do it better and so it really comes from a vision but what happens when you get into the day to day business. You'd because so overwhelmed with paying your cable at dealing with clients and changes in the economy and competition and so all these things began to weigh on the entrepreneur and the entrepreneur actually starts to treat their business like a job and that is the worst thing an entrepreneur can ever do because it is only the visionary the ones who are able to see beyond the today drudgery and the day today even. You're now the visionaries are ones who can see into the future. See where the market is evolving. And make sure that they stay on the cutting edge. Okay so. I signed that. So interesting i think it is so easy to get stuck just in doing and not staying above the fray so that you can really be directing it. It's i can see. How do you explain it. I can see how that could be How entrepreneurs lose that vision in quite get it when you originally when you set up but that makes perfect sense to me. It's unfortunate. yes. And i've been an entrepreneur for seventeen years now and i have seen over ten thousand entrepreneurs start a business and the amount of people who are still in business. It's just very rare very few and the statistics show. That will what happens. Okay the ones who have lasted are the ones who are the visionaries who didn't get caught up in the changes in the economy or a switch in the government know all of these things that people use as excuses for why they're going out of business. The ones who are truly innovating are so far ahead of the game that we saw all of this coming in some way or another and so we've been able to innovate. This is the time of innovation. And if your business has failed during this time now it's time to start a new one of the best history is start a business.
Is Etsy Stock a Buy?
"So. For dozens of listeners, let me just say up front. We are recording this early because I'm taking Tuesday's a personal day. So hopefully, the market is not doing Tuesday morning what it did late in the day, Sunday. And with so many companies reporting this week we thought we would do a a more detailed preview on three companies that are reporting later this week, and let's start with Oetzi. He's going to report after the bell on Wednesday. It's their third quarter report. This is a stock that was in the low thirties in March it's now around one hundred, forty dollars a share. What should folks be watching when it comes to? Yeah. You know it's really funny. I didn't realize that he had been on quite such tear. I guess just had really been paying that close attention to my portfolio and then one day open it up and I saw hey, wow, that's a nice little surprise. That's the best kind of surprise you guys have been doing. Okay. So I will say like first and foremost the dip when it comes to earning season in tweeted this out earlier and I think it's just something that I always want to remind myself. Because we get very hung up in the expectations game in for me. It's always. More beneficial to pay attention to to management and management hitting the marks that they said, not what the streets expecting right I mean management's should in theory the business better than anyone. So I think they're going to provide a little bit more of a realistic outlook and I think it's going to be a little bit more line with the way we invest. And so typically I go through for the companies that do sit guidance and offer guidance I I, look for the things that they say so. Evoke back to just a quarter ago. I mean the language in the call was. Was One of optimism yet caution, and they were really taking things one quarter time. So they did offer you know estimates for four some of the metrics that matter this quarter that gross merchandise sales, which is the the amount of money that's going through that network in the range of two point two to two point five billion that would be anywhere from eighty two to one hundred, percent one, hundred, ten percent up from from the same year ago looking for revenue of three, hundred, sixty, six, million to four, hundred, twenty, six, million would represent a range of growth between eighty five percent in one hundred and fifteen percent. and. So those are the things you know I look at first and foremost similar to just the sheer numbers. Now I think with that see another metric that really matters I mean this is this the Nice thing about the network it's a two sided network with buyers and sellers and they benefit from both. But if you look back. From. Just, Corrigo I mean they reported three point one, four, million active sellers sixty point three, million active. Now that represented growth from two point, eight, million and forty, seven, point seven, million respectively from the previous quarter. So you can see as the corridors go along. This is a business that continues to really benefit from the move towards ECOMMERCE right? I mean e commerce, it's not just an Amazon world anymore in in certainly been proving itself to be not only a great place for people to buy things but a great place for people to sell things and I've been really impressed with. The metrics the past couple of quarters in what they're selling in masks I mean it is just amazing. This is like the place to get a mask and all sorts of different kinds and like you know. All. Sorts of different types of our work involved with these just really interesting to see. This has been such a such a place. For people to go out there in really really sell something that clearly everybody needs in some capacity right now. But Yeah I think that those are the first things that I pay attention to when it to and. Just kind of get an idea of how they see this holiday season the shaping up as
TicWatch Pro 3 GPS Specifications And Features
"Bought stuff from them before as well. Now, speaking to buying stuff. Justin a couple ago on the show was involved in a kickstarter program for the tick watch and you know it was kind of interesting to hear how you were. You were buying into this this technology and when they finally got to production, you get one and you got one we're pretty happy with it. Yeah. Yeah. So the tick watches a, it's a smart watch. It's it's it's GonNa take it was designed to really take on the Apple Watch. I think actually at the time they did it I don't think he even the Apple Watch. No, it was. It was out there. But yeah. So the first take watch came out it was okay. It was it was it did what it did, but it was slow. It was clunky was big. Then they came out with the tick watch to came out tick watch pro and the tick watch pro to, and so they've been successful as a company. They're still releasing new products and they're not doing kickstarter anymore they're full-fledged company now. They just recently announced the new tick watch pro three. GPS. When I heard about this, this would be my third watch that I purchased from them because I did purchase the tick watch to again it was a little bit clunky. But I did decide to go ahead and purchase the tick watch pro three GPS model. This one by far is going to be the best watch they've ever released because I've. I've already read the reviews on it from people that have gotten advanced models. This is the first watch on the market regardless of who makes it it's the first smartwatch on the market to use the new qualcomm snapdragon wear forty, one, hundred processor. This thing is lightning fast. It also has a seventy two hour active battery or a two week. To two week standby battery on the LCD screen. So you've got a great extended battery because mine right now, I can barely get twenty four hours out of it and I've got to charge it. You also have a lot more. Health and fitness tracking features. They do also come with some things like take calm or. I should say so if you're feeling stressed, you just hit the tick Zenit helps you calm down. Eve also. got like tick, tick a tick oxygen or something like that. Basically, it tells you your oxygen level fitness tracking things like that does run where a West however, they've taken their the WAIROA estimated their own. You can still run where OS APPS on it. So if I want to get Google messages but I want to get out look if I want to other things like that I can put that on my watch, but I also can use the tick watch features. And also it is faster like I said, and it's also sleeker. It's smaller it's thinner and it's more lightweight. So this goes for two ninety nine. And I did get it with a discount if you go to mob Voi-, Dot Com M., O. B.. Dot Com voi- dot Com. That's the maker of the tick watch. You can go there. You can get it if you're new user like if you never bought a Dick locher before fifteen percent off and also if you use the add onto chrome called honey now we've talked about honey in the past right honey is a an add on that tries all these extra coupon codes. If you use honey, you can also get an extra fifteen dollars off. So out the DOOR A. To nine thousand, nine watch after shipping and everything came to to fifty nine for me. That's not bad. Now, what if you're an apple user? Can you still tie this into your operating system and no actually you can't it's either going to be. You have to have an apple watch with an apple product you're going to have to have an android phone with watch I mean just one of the other, just the same as you can't have an apple watch paired with an android. But. I want to mention just a couple of numbers real quick hundred and fifty percent GP increase since the last model eighty-five CPU, and memory eighty-five percent CPU and memory increase and a twenty five percent power save over the previous model. So if you're into smart watches and you don't necessarily want to get the Samsung Galaxy, watch which I think is going for three ninety nine. Checkout Tick Watch T. I see watch and you can get a mob Voi- dot Com I don't think I'm pronouncing that right but it's.
John Gorman Discusses the Use of Opportunity Zones to Address Social Determinants
"To the healthcare policy podcast on the host. David. Intra Cosso. During this podcast saw discussed efforts to address social determinants of health with John Gorman chairman of the nightingale partners and founder and former Executive Chairman of Gorman Health Group. John Welcome to the program. Thanks David. Great to be here. especially with another native DC guy here most welcome John's by is, of course, posted on the podcast website. Briefly on background, the ongoing covid nineteen pandemic has exposed. The country's failed to adequately address the social determinants of health. Generally defining health access and quality education, economic circumstances, food security, social conditions, and environmental factors. It is estimated that where people live work and socialize determines as much as sixty percent of their health status. Whereas formal medical care accounts for just ten percent. For example concerning. Circumstances forty years of wage stagnation among lower income earners has left forty five percent of working age Americans. With either no health care insurance for insurance without a pocket expenses so high. They avoid sinking care went for example, they developed covid nineteen related symptoms. Healthcare policy makers have slowly begun to take an interest in addressing sto ages as a way to improve health delivery by increasing increasing appropriate utilization and reducing costs. For example, Medicare, advantage plans which enroll more than one third of all Medicare beneficiaries have recently been given regulatory authority to offer Ma benificiary supplemental benefits beyond medical care such as mail deliveries, home modifications, and Personal Care Services. With beginning, discuss, addressing, social determine, specifically use of what are termed opportunities zones. Again. John Gorman. So Jon with that as background. Louis. Begin by asking if you could provide a brief overview of nightingale. Sure David Nangle partners is one of these weird opportunities zone funds that came out of trump's big tax giveaway bill It was actually Cory Booker's program that was designed to encourage investment in real estate and disadvantaged communities and I was sitting on my ass retired last spring and got a notification that the irs had just completely revamped the rags to allow opportunities own capital to be used not just for real estate investment. But also for leases one portly for working capital or for meeting the business requirements of a new company inside one of the nine thousand roughly nine thousand opportunities zones around the country and those opportunities owns David are all. Severely, economically disadvantaged and more importantly medically underserved, and because the irs allowed now opportunities own capital to be used for working capital for meeting business requirements. That's what opened the door to allow us to use opportunities on Capitol to make large scale investments in social determinants of health intervention. So nightingale partners with insurers with health systems with large medical groups to finance design launch, and where necessary execute on our goals to improve. The quality of care for vulnerable populations. In this country, a lot of people like to say and I love it that we packed a Republican billionaire tax shelter in order to improve care for black drought people on that gets me up every morning. Sir Thank you. So this as you noted, this was a provision in the December seventeen tax bill. Specifically page one, hundred, and thirty. This was picked up this previous legislation as you noted, that as you mentioned senator from New Jersey Cory Booker but also the South Carolina African American Republican, the only one Tim Scott. So this is picked up in the tax bill previous legislation and you mentioned the nine thousand. So these are census tracts that meet this low income community criteria wrote and then explain to me. Governors than have to select a discrete number. That could benefit from this. Tax Advantage program is that correct doubts correct and there was a little bit of mischief but some of the governors in the designation of some of those areas and there's been, you know some gamesmanship with this story like you know Chris Christie, the former governor of New Jersey is. Used an opportunity zone fund open up frigging LAUNDROMAT. In Asbury, Park with Bruce, springsteen cats not the kind of stuff that we do. I'm not surprised to hear that I guess the former governor is a is obsessed with. Mr Asbury Park and again just so on. Understand better more clearly, this is the tax advantage here is that by investing the capital gains on your investment, you can avoid paying the. Twenty three percent the capital gains tax and that basically. Sure go ahead, go ahead. Well, basically, the way it works is that if you invest money or capital gains in and opportunities zone and you leave it in for at least ten years, not only is the initial investment completely tax free but then all of the proceeds that you make on that investment are completely tax free. So high net worth individuals. And family offices large corporations the generate large amounts of capital gains love this program, and indeed it opened up about six point two trillion dollars in available capital based on the amount of capital gains that we generate in our economy. So of that amount, David Roughly a hundred billion dollars has been invested thus far into opportunities zones off. The roughly eight months programs operate. And again, the idea is the long leave the money and means completely tax free for ten years out of step seven years you pay are you're eighty five percent excuse but I know that that number surprises me would you say this this this one, hundred, billion, his far more than was estimated when the legislation was passed. No I think it's probably rolling out slower than A lot of folks had hoped and as you can imagine, the vast majority of those deals that have been done thus far has been around real estate and real estate redevelopment certainly in the healthcare sector I think we're still the only firm out here. That's a healthcare focus opportunities on fund it. You know it we've been the only ones to my knowledge. So we're you know we're granted here, but we have yet even break a billion, but we're that's our goal.
What Are SPACs and Should You Invest in Them?
"Now, why do spags exist? A primary reason is the reverse mergers that occur was back with a publicly traded company purchasing a private company is in some ways simpler and easier way for private companies to become publicly traded compared with doing their own initial public offering. One Reason, the appetite for IPO's varies. There are some times where markets are more receptive to IPO's, and that's when a lot of private companies startup companies want to go public. Other Times not so much with a back. It's already public. and. So it's a way for a private company to become public without having to go through the road shows and much of the paperwork and legal hassle of going public. Another reason is often when a startup goes public doesn't initial public offering they lock up period for existing shareholders. It's not necessarily great press for a newly public company to have its founders selling a lot of their shares. With us back, they have the cash already raised and it's easier for founders and other principles of the private company to be able to liquidate more of their shares in the company. The other thing with initial public offering is often times money is left on the table. The underwriters try to price the initial public offering at ten to fifteen percent discount to the fair value of the company. But what that price is very difficult to determine and oftentimes after the initial public offering in the first few hours the IPO jump significantly in price, which means the private company didn't get that money that was money that was trading in the secondary market. It wasn't money that flowed to that private company is part of that public offering. With specs, there's a negotiated price. So the private company knows what they're getting. They know what the valuation is and so they potentially can get more money. How then do specs work? Well specs also need to raise capital so they do an initial public offering. It's usually combined with one common share plus a warrant or a fraction of a warrant, and what a warrant is gives the holder the right to buy more stock at a fixed price at a later date. It's an incentive for SPAC holders to potentially get more shares of the company wants that target is identified. The initial public offering is help for the back and at least eighty, five percent of the proceeds needs to go into an escrow account for future acquisitions. In practice, it's closer to ninety seven percent of the proceeds with three percent held in reserve for underwriting fees for the initial public offering operating expenses for this back to cover due diligence cost legal accounting et CETERA. Most of the money goes into this escrow account, which is then invested in government bonds. So before the acquisition, it's fairly risk free investment. Most of the time, the specs are issued at A. Price of ten dollars per share. In theory, it should stay about ten dollars per share because it's just an escrow account invested in government bonds and shareholders of this they don't know what the potential acquisition target will be. In practice, we're seeing specs sell for more than the IPO price because holders believe the management team of back is going to identify a very attractive company that will be profitable to the SPAC shareholders. So sometimes, they can bid up the price of this back. For example, that back that pershing square bill ackman's company came out with July is trading about twenty percent above its IPO price. The specs sponsors have a specified period to identify a potential target. Typically it's about two years and if they're not able to identify an acquisition and close an acquisition, then the trust is liquidated and the money in escrow account is return his shareholders. If the back sponsors do identify potential target firm, then they make an announcement, it's called the announcement date. Then the back shareholders are notified that there is a potential acquisition target. At that point that's back sponsors perform additional due diligence negotiate a structure of the acquisition. The SEC has to review the terms of the acquisition because the private company will be made public. And then there's a proxy vote for the shareholders of this back and they are deciding to issues. Whether they approve the acquisition or disprove, they don't want to Spec to go forward with it. The. Second thing that they are voting on whether they wanted to liquidate their shares in this back they have an opportunity to get out at the net asset value of the trust, which is the value held in the escrow account divided by the number of shares. Outstanding. If more than fifty percent of the shareholders approved the acquisition and less than twenty percent of the shareholders vote for liquidation. Then the transaction is approved and the target firm is listed on Stock Exchange. If more than fifty percent, approve it but more than twenty percent want their money back. Then this back is also liquidated.
Guild Esports is Paying David Beckham How Much Money!?
"Over the summer, we've been reporting on a new sports organization or technically a rebranded older organization. The Lord's E. Sports became guilty sports and welcome David Beckham on as a CO owner q a lot of mainstream fanfare including on this podcast. Then they listen to the organization on the London Stock Exchange and that felt like a bold choice considered very few eastwards organizations are. Actually publicly traded companies mostly because they don't make any money yet but guilty sports was able to raise twenty million pounds at evaluation of about forty million pounds and today we learned where most of those pounds are going to end up going thanks to buy a SEC at the East sports observer his report which I will link below says before Beckham sign on as a CO owner, the organization entered into an influencer agreement with Beckham. It's a five year deal where the former soccer star will become. The face of guilty sports. Exchange will be paid out fifteen million pounds or about twenty million dollars beckons. Actual investment in the company is about three hundred grand. Beckham also gets fifteen percent of all merchandise and sponsorship revenues throughout this five year deal. Wow. This is a tough sell. So now you have a publicly traded eastwards organization that competes in just a few titles, Rocky League and fever being the main to. Is Sports organizations do not make that much money even when they can take home one, hundred percent of all merchants sponsors sales guild will be operating with eighty five percent of those revenue streams. Now, the organization is on the hook for twenty million dollars paid out increasing annual installments over the next five years plus fifteen percent of those two primary revenue streams. In addition to the twenty million dollars, they raised the public listing guild also raised additional six million dollars in outside capital. But the public offering bullet is really only able to be shot. What's now the stock will have to work on its own merits if they want people to continue pumping money into the organization. And given the history of publicly traded eastwards companies. That's not really that likely to happen.
The Rays Eliminate the Yankees In a Heartbreaking Game 5
"Me ask you this e because. In, twenty seventeen, there was this new core coming up right. And the thought was hey. Unexpected Ron made the playoffs one game away from the world series and I remember even the wildcard game against Minnesota that year was like just let this core group get a playoff series under their belt so that they get some experience and can grow with it. You got within one game of the world series one one of the world series it didn't happen. Now, there's a postseason failure in eighteen in one, thousand, nine hundred and get to the brink again, it doesn't happen in twenty losing game five of the LDS. At this point. Does it still if you're part of that group. visit. Still feel like you're ascending or do you start wonder if you've plateaued Now, you deficit they just sending I mean especially, those guys are so young you know what I'm saying like. inexperience in you know in age. So Yeah I. Mean You know going back over that run like seventeen we had to run. With all those young kids in. Out though I didn't I had I, didn't think it was gonna make the playoffs just just because we went to the playoffs in seventeen and everybody had career years we're coming back. You know with a young team I just I was surprised that we made the playoffs gotta ask. about a red sox end. In the next year, I thought nineteen, we were set up to. To to make a great run a debrecen. Obviously, we didn't do that. NFL This year you know is short season everything went on. So just to be able to to get out there and play and compete I think guys are excited. You know excited I mean I think is a lot to build on I. Don't think. I don't think you can up this year with the rest of them just because it was such a short season you don't think any. There's no like wondering are we the you know late nineties braves early two thousand braves where we're going to. We're GONNA get to a certain now they won one in ninety five to be fair to them. But then you know they're winning division after division after division losing to the playoffs losing the playoffs listen to play. Yeah I mean it does that enter the mind of this group at this point. I. Like I'm not in a group anymore so. I can't. Really tell you if they're starting to feel like that or not. You know. I was never I was never in that position I was about to say as a young player would. Myself as when I was young, I always felt like I had time like like August time to do you know what? I'm saying I got time to do, and then like I say, I, always bring up a seven because that was our year like we put it all together and that was a year and didn't happen. So starting panicking. So. You would have to ask the guys individually which year they thought that they were GonNa win in when it doesn't happen that year then you start panicking like shit maybe this this may not have you know hand. Right now all those guys play for the Yankees in they noted that the organization will do whatever they can to try to win auto free agents, auto players, and so no I think that they got time you. and. The reality is the starting rotation. Looked a lot different than what they had set out for because you thought you were going to have Severino James Paxton right behind Garrett Cole and you didn't, and obviously that changes the equation and made you have to use the bullpen differently, etc. Now, I, WanNa talk about coal for a minute see look if there's One Guy. Who acquitted himself beautifully in this Yankees. postseason. It was Garrett Cole I. Mean This Dude was everything they could've asked for he gives up one hit in this game and who knows if it's not for some weird wall overhang that Aaron judge got to familiar with maybe he doesn't even give up any hits in his five and a third innings. He. He really delivered and that you have to feel good about knowing okay. This guy is going to shove exactly the way you want him to this time of year yet. That was great to watch him be able to go out before. As that I know he wants you know what I'm saying. So it'll be good not this time next year everything rolling around you'll be fans in the stands and. Hopefully. We can have that Yankee Stadium proxy magic, and. Readiness. All the way to to we're supposed to be, which is a berated. I. What about pitching on three days Resi. What feels different like do you notice like all my arm isn't as strong I mean what? What what makes it a more difficult challenge when you're not pitching on your normal rush when you're pitching on short rest, it's not necessarily like your are being source. It's like everything else like little aches Oh you know you know you didn't get your. Your full arrest so you can't really overthrow You know watching that I felt like he was trying to give his normal effort their first ending everything was up. You know he was all kind of all over the place. Any just kinda settled in you know what I'm saying he gave us time you take a little longer than than usual and. He kinda settled into the game was able to find this delivery. That's the one thing about picking three days you have to find your delivery like. Were percent. Can you pitch at whether that? Sixty, five, percent seventy, five, percent, eighty, five percent. You know what I'm saying like you have to find that was going to make you be able to strikes in and be effective. So if it seems like you've found that right at the right time, you got to strike out and you know he kinda he kinda sail from after that I mean you have to Solo homer to tomatoes and then you know almost today what's that guy's name? You say his name well over process l. no the guy run our arousal arise arena Larussa Rhody. Almost curveball out but other than that. You know he pitched great. So yeah like you said I mean he delivered and and you know going forward that he'll be able to to to pitch in these situations you know several be able to pitch any situation. We saw what money can do to two nights ago. Yeah. Your boy came man Monte the Frazier Bryant Man, these guys these guys are in a good spot. So like I said nobody I don't think anybody in their Hispanic and not player. Wise. Anyway, you know that that's is the fans in the front office and stuff. You are the master of pitching on three days Resi and because of that even though it has a little less punch because the Yankees lost this game compared to what it would have been if the Yankees won this game. I want explore that a little bit further with you because you you did it a lot. I mean the way you did it in. Milwaukee with multiple starts down the stretch over and over again as you were just in Bistro and then we saw it in the nine playoffs as well where you did it the entire Oh nine playoffs and delivered you did it in game one and four of the AL CS is at it again in Games one and four the world series. What kind of advice did you offer Garrett Cole as he was getting ready to do it for the first time in his career as someone who did a lot and did it in big stages? You know what I didn't and I was watching the first thing that I was like man Fuck I should've called. You know what I'm saying. But I didn't he's he gates. He's he he figured it out on his own. You know what? I'm saying, I don't need to call bad like he'll call me if he did something. Yeah so I don't I don't want to bother him. I don't WanNa call him I know how he is. You know know the days before you know the day of leading up to historic. So you know I I don't want to call him but please believe I'll facetime mining when I figured out that he was making start. Well whatever you told Monte in the face time, it worked out really pitch well and game four and I was encouraged. You know see if we go through this game, there's not there's not a lot to nitpick and say, okay, this could have been done differently. This could have been done differently. We've just lost a game and. You just lost a baseball game to. All the time where we go to Tampa or we we play apple you know what I'm saying. So that's why I was so scared to play them in the playoff series because. That's the one team that I know that can fucking Peterson the series and they know it too. Yep Yet one hundred percent. It's how I felt last year too when they were playing the Astros and people like Oh we want the race I was like the race competing in the. Last. Year to we would have been counted the same. You know what I'm saying we would have been a seven game series for sure if they beat if last night got typically fucker pitches. Right move coming for the first. and. On the whole right I mean this is this is not what you are looking forward to. If you're major league baseball as far as ratings go I believe the Yankees when all is said and done at the end of this s I think they're gonNA have nine of the top ten highest rated games thus far in the playoffs they're going to have been involved in. So you know you better believe that there are going to be people who are wishing that the Yankees went as deep as possible for the sake of you know the economics of the sport, but from a pure. David Goliath baseball storyline, and there is something amazing even though it's not going to make my stomach feel-good or your Z. about the Tampa Bay rays and they're twelve dollar payroll. Taken down the big bad Yankees and Brosseau hitting the home run off Chapman after that like there's something crazy about that story how many times it I tell you that's not the way we do my career I'm not into. The raise but winning visit. I kept telling you that. The fucking raise
The road to electric vehicles with low sticker prices
"About five percent of vehicles being purchased each month or electric and the United States I think it's only around two percent but we're getting very close to the tipping point where the actual purchase price. Without any government incentives or subsidies will be cheaper for an electric vehicle. A gas engine. Tesla. had. Their much over hyped battery day recently where they talk about the things that they are planning and how they're going to get the cost down and one of the things that was headlined is that a five thousand dollar electric vehicle will be available in about three years time but Tesla. You believe it when you see it, but generally I must tends to over promise but not under deliver over promise on timeline. But the trend line is clear that the cost of batteries down eighty, five percent in ten years and the price curve keeps bending all around the world. And so once you have an electric vehicle, I can tell you it's much much much more fun to drive than a gas engine vehicle, the range getting better and better the new. Tesla. An model goes five hundred miles on a charge or will go five hundred miles on a charge. Yes. That's early next year right now the best they have is four hundred miles to charge, and so the range anxiety people have had will go away. Although the focus has been on. Mostly, what Tesla's dine in what others are chasing behind them with passenger vehicles? The big market place. In the big effect on people's wallets going to be with businesses that are going to electrify their entire fleets. You're going to see that Amazon in particular. is going to be way out front. With their massive fleet delivery vehicles going one hundred percent electric ups and Fedex are GonNa trail some but then no name trucking companies. Or going to overwhelmingly. Migrate. To Electric, which is going to reduce the cost of distribution in the United States because the electric vehicles are so much cheaper to run. THAN THE GAS ENGINE ONES And this is an important thing for our vehicle market with GM. Ford and Chrysler. They've gotta get moving with us because foreign automakers are pouring tens of billions of dollars each. Into electrifying their fleets because they know that's where everything's going. And I want our American on appeal manufacturing to be strong and remained strong. And we've got to. Be Innovators. We've gotTA. Be Moving ahead of the rest of the world. Not trailing them.
CarMax profit, revenue rise above expectations
"CARMAX, second quarter profits and revenue came in much higher than expected. And the last time I checked the stock. It was down twelve percent. I was surprised by this because this was a really good quarter for Carmax I didn't see anything in their guidance to indicate that the next three to six months is going to be particularly perilous. Yeah I was also surprised they beat expectations revenue was up three point three, percent five, point three, seven, billion earnings were up percent last quarter they had implemented cost savings they had furloughed fifteen thousand workers, the CEO Bill. Nash Reduced Salary by fifty percent, they stopped new store openings like you said Chris this this quarter was really good for them. Their sales had bounced back by. Around June, we saw revenue growth, they're hiring seven, hundred, fifty people at their customer experience center they're planning to open stores. Again, the stock is up twenty one percent since the beginning of the year. So I don't know if it's more trying to temper expectations for the future, but it was a solid quarter for them. We've certainly seen that with other companies in other industries where. The come out with, results. They are somewhere on the spectrum of good to great but not. Off John Dropping perfect. And we see a little bit of a off just because you're to date the stock is doing well. I Dunno Carmax. I've the last vehicle. I bought was from Carmax. A couple of years ago had a very good experience. I would absolutely go back there again because I feel like they have. I don't want to say they have solved a pain point, but they have certainly made a pain point a lot less painful and I'm referring to the process of buying a car which for for most people, it's just trans. Actually we just want the car that we want and please don't make me go through the whole haggling Kabuki theatre thing because that's just awful. Yeah I have never bought a car I. Don't have a driver's license, but I will say I was I was interested in. How, they might have done in the last recession. So you can see if there are people who are listening economic service. If you look at the demand curve for normal products as income increases the demand for a product increases but with inferior goods are inferior products they do well in a recession because as income decreases demand for this product increases, and since Carmax maxell eighty, five percent of their revenue is used cars. It seems likely that they would be considered an inferior product. So if we see a recession in the future, they would be a company that would do well, and so I looked at. How they did in the last recession, and if you look at the stock from March twenty, two, thousand, eight to September Twenty fifteen, it returned two hundred, four percent compared to fifty percent for the S. and P. Five hundred. So I think looking forward and thinking long term about Carmax if you're thinking about the impacts, the long-term recession impacts of covid nineteen, this might be an interesting to think thing to think about is those inferior products versus those normalized product particularly in urban areas where you're a for people who have the means they're probably to be spending less time getting on subways if they can avoid it. I gotta say inferior goods as a categorization just sounds pejorative that sounds like something that the new auto dealers of America came up with yeah. It's not the nicest term and when you study, they'll say a bus is considered an inferior to car planes kind of insulting. But that is the technical economic term
Magic Spoon, A Healthy Breakfast Cereal
"Gary Welcome to the show. Hi, thanks for having me. Well, can you describe to our listeners what magic spoon radius of course magic spoon is a breakfast cereal company that I launched in April of two thousand nineteen. So just over a year ago and we are recreating all of your favorite shout who'd sugary cereals but without the sugar essentially. So imagine whatever your favorite junk cereal was an I imagine it worth more protein and less carbs zero sugar actually legitimately healthy for you. But with the and texture of all those sugary cereals, we we all loved growing up, right? Yeah. I had to look actually at the nutritional labels off both magic spoon and then fruit loops. A popular child with choice of of many, and I can see both serving of about one, hundred, ten, two, hundred, eighteen categories, but magic spoons. Macro makeup is completely different I'm seeing that it's fruit loops gets like eighty five percent of their calories from cops out of which about half come from Shoka match gets nearly eighty percent of its calories from fat and protein. How do you achieve that? Correct? So we've basically got a similar Carolina recount. We've swapped the protein and carbs around and we did riot by basing our SERIO ON A. Blend of protein slits, we primarily use a milk pudding ice lit as well as a way protein concentrates and use that instead of the wheat flour or corn flour rice lower than most classic serials, and then rather than sweetening with thigh high fructose, Corn Syrup, or perhaps akin sugar we use a blend of natural sweeteners that are essentially zero calories. So specifically use Stevia and monk route and three those in a specific combination allows us to get as close as possible to that sweet tasted sugary cereals without actually putting sugar into the products. I am because I was curious because I'm certain food scientists and then I saw you know like you have a blend of fruits, Steve Young at Lowe's and the nets reason to really achieve that that flavor or is it something else as well? So that's the sweetness the flavor itself. Ingram comes from natural flavors. Basically Ryan's depending on ever. We have a obliterate flavor, for example, some of us. Are Real Blueberry powder in that Labor, and then will actually get the colors from fruit and vegetable juices used in very small quantities. So not really adding any sugar but are You know some of our flavors resemble US beet juice, beet extracts read flavor fritzy cereal Spirulina to get a blue collar on our blueberry cereal. For example, the different gradients are different purposes but in general everything's entirely natural. Even. Though of course that doesn't mean very much nowadays but premium high-quality ingredients and high in protein sugar, a would not expect that actually when you look at like a package off fruit loops that they can be actual flavors in it. So it's it's quite impressive and you also have an oil plan with within magic spoon riot. Can you talk more about that direct? So he's a blend of. Highly Sunflower oil, and then avocado oil. Basically, you didn't oil to bind the colors in the flavorings to the base of the cereal and we wanted to, of course, was high quality. Fatty Acids rather than just like sure low-quality seed oils and so high elects unclear. Oil pretty different from regular Orlando it fatty acids and those are the same sort of saturated fats that you find extroversion. And of course, avocado oil very healthy as well. Got It and just going back to the sweeteners, and now that in recent years, the had been quite a few studies on a variety of different sweeteners and some of them half a good and some have a negative impact on one's microbiome worried as long fruit steve here on LAS, stand on that. Do you now that? Yeah, they're good impact which is why we chose them. So Chicago halls are generally very good. So bunch of using things like A. Recruits all tell which can have a negative impact on my own, but also caused just looting and general or stomach aches and a pretty large portion of the population. So we want to avoid sugar alcohols for that reason, which right meet means ingredients are more expensive. So obviously, stadium for are more expensive than a lot of the other sweeteners that might still be natural but he come with other issues, and so we wanted to avoid those issues, which is why you chose these three. Got It. So
Fast Food Giants are Reinventing the Restaurant, Pandemic Style
"Not so long ago fast food restaurants were looking for ways to get you to stay a little longer they sprucing up their dining rooms and building ball pits for the kids after all the more time at your table the more likely you are to order another menu item or two, but dining in is so two thousand nineteen isn't it? Now thanks in part to the pandemic, these quick service eateries or redesigning their restaurants to get you in and out as fast as possible. Burger, King has just unveiled its pandemic inspired restaurants of the future. There are two concepts, both of which maximize social distance. The smaller of the two designs has no dining room at all. Instead, the would-be dining space is used for additional drive through lanes two lanes to be exact. Once your order is ready, a conveyor belt will deliver it to your car window. Of course, if you're craving more human contact, you can also go old school and walk up to an order window. The second concept is a t shaped two storey restaurant with the kitchen. Upstairs this, let's Burger King devote more real estate to park in order spots in various drive-thru options the companies. Also, experimenting with lockers where you can pick up your food, you get the locker number and a unique combination when you order on the APP, the idea is to make the experience as contact free as possible, and that's important to customers drive throughs and meal delivery services like Rub and eats have been a lifeline for burger king as indoor dining was banned or restricted during a large part of the pandemic CNN reports in the second quarter through sales made up eighty five percent of the company's total US sales. Burger King says it will be testing. It's new concepts in warm climate areas like Florida, and the Caribbean but no word on exactly when that will start. Another major fast-food player that's also trying to get you out of its restaurants quickly is Taco Bell. TACO Bell so-called go mobile locations have been in development for a few years but the pandemic accelerated plans for them according to nation's restaurant news. These locations are smaller because like Burger kings, restaurants of the future. They also eliminate dining space also liked burger king concept. You can place or on the TACO BELL APP and have your meal brought out to you by a bellhop get the company will begin opening new stores early next year the design is a far cry from the one that the TACO giant unveiled in early March, a gaming concept restaurant plan to test in California customers would. be able to play video games in addition to dining and in January burger king announced plans to make gets dining experience a little posher the king plan to make over a Saint Louis location with white subway tiles on the floor bench seats inspired by classic cadillacs and warm lighting retail wire reported. You might be munching on your fries, but you'd be doing it in style. Now, a combination of pandemic dining restrictions and changing customer behavior has made such concepts as Cadillac benches obsolete. Well, it was fun while it lasted, but it's time to say so long to indoor play grounds and Walker inspired light fixtures for the time being at least fast food customers are opting out of dining in. Choosing the biddle dashboard diner in Stan.
Designing Your Work Life
"Let's give a little bit of context just to who you are and how you came to work together because you come from sort like different walks of life and somehow ended up originally teaching this course together and trying to figure out. Okay. What is this thing called design thinking and why is it being used in this one domain but we're not really applying this process this way of thinking to actually creating a better life. So how does the marriage I happen here? Under the origin and through to you in spring of two thousand. So. Going all the way back to when I was a Stanford Sophomore here seventy five thousand years ago when they retire on the plaza and struggling with the question, what do I do with my life? I found most of the grown-ups were supposed to be helpful not helpful at all and I found it really difficult to figure my own life and get into my career and apple in the early days and find myself on the first corporate culture. Committee was Steve In one, thousand, nine hundred because we're worried about what makes apple won't be apple anymore someday, and over the subsequent thirty years noticed everybody's got this question particularly workplace about I wanted to many for work on to work for you. Want, it to work for me. I want this to be generative used language with that's what they were looking for and with. So everybody's got this question fast forward many years. Later I'm having coffee with a guy named Randy over at Berkeley and he says Gosh have you should teach a class on this. So minor problems I'm not of the Faculty don't of a PhD don't have any contacts there I can solve everything but the lousy commute I said deal. So I taught a course experimentally one student said, are you teaching in the spring because my roommate wants to take I said sure I made a deal the universe of the kid show up I'll show up so fourteen semesters later. I'm teaching this class of Berkeley called finding your vocation and then how platinum David. Kelly get together an event. This thing called the D school decided to invent the school, which is where we are now and in order to focus on that David Kelly s this Guy Bill Burnett run the design program, and so in two thousand and seventy heard bill was coming here to run the design program said. Hey. Bill Gates. This kind of stuff he cares about students in Stanford's a lot less terrible from me. Let's have lunch and so we had lunch in two thousand and seven in the spring, which was the first of ten lunches over a year talking about this ambiguous idea of students find their way and about a minute and a half bill goes after great idea it's a huge problem. We should totally fix it design. Thinking is the way to solve this thing. So take all that stuff you're doing and flip it ended design give me a proposal will teach it. It will prototype at the summer we'll teach at this fall. Let's go I gotTA gotta run so it was a two minute meeting and I guess an appointment we gotta go. So what are the few times the bill talk faster than I do and so then we start that spring thinking of ideas and that fall teaching design students, which eventually teaching author students. But in particular design thing really did work why West go? Why did design work? Design is inherently human centered. The way we teach it and both of you and I have been working with students for longtime I started I finished my masters in eighty two I started teaching part time eighty, three I'm doing this for like thirty. Six years or something. And in office our after office hours after office. Our really smart capable students going I don't know what to do. I. Don't know how to launch. is working to suck as much as everybody tells me. How. Will I find something that I want or I like or might even be meaningful people keep asking me stupid questions like what's my passion and I don't know. So wrong broken. With me professor and it's nothing wrong with you. And then Dave, this experience over Berkeley and you know basically the class happened because he wanted a shorter commute and I wanted to. Free up my office our time but no, it's a real. It's a really big problem I. Mean you look around look at the data around the world sixty United States sixty, eight percent of the people say I'm just engaged from are highly disengaged from my job. I hate my job eighty-five percent worldwide people hate their jobs, right? So the students you know we started with students and then pretty soon after we pick kind of gone all over the university and by the way now we and we give the class to any university that wants it. We're not being taught at one hundred, fifteen, some universities and courtesy of that wonderful woman over there Gabrielle. Runs our studios. Everybody's got the same question like life be meaningful. Will this be interesting? What's work? How does work it into this big thing called life? And it's essentially a human problem because we're trying to. But designers do is make things that have happened in the world. You know, hey, this is an iphone never happened before how do you do it while you build lots and lots of prototypes and figure it out because you can't get any about the future. So when you want to do something in the future that's brand new. You need a process design thinking process it works over and over again if you apply to your life, well, what are you trying to do something new in the world your. Future. Right you've never you've never been there before you don't know what it's going to be like you probably are a little anxious or you're at a point of change we started working with thirty and forty something. I. Have This career thing but it's not exactly what I didn't really work out the way I thought or it's okay to go faster. So everybody's got this problem. How do I invent the future? Well, design thinking and design is a wave in Benton your future. I tell the students you I wanted to choice. Whether Students Twenty launching a thirty in board or fifty, and thinking about their own career you got only two choices the futures coming. You don't get to choose that. You, get the default future stuff happens in you react to it. or You design it, you put your intention in the world and you try to make the world do things that you're interested in and
The Economic Case for Electrifying Everything
"So. Let's turn to our topics this week, and we'll start out with another report that has come out but this one is very different from some of the climate reports. We've been discussing a plan to create millions and millions of jobs by electrifying the economy and slashing emissions eighty, five percent. It's simple. It's elegant and the authors say it is totally doable. The authors are Saul Griffith. Sam College Alex Laskey you might know Saul Griffith we profiled him on a recent what it takes episode and he talked a little bit about how this the the origins of this plan came together and Alex Laskey is the CO founder of power and we profile. His Co founder Dan Yates on a recent what it takes as well. So they're part of a team called rewiring America, which is putting out a series of technical reports, mobilization plans for rapidly electrifying in decarbonising America, and putting a lot of people to work in the process. So there are two parts to this conversation was the actual modelling that goes into the plan, and the other is the economic benefit and jobs claims. So Melissa, let's look at the origins It doesn't start with emissions instead, it looks at decarbonisation the way an engineer might an engineer like yourself walk us through the basis of how they're modeling the decarbonised economy in this report. Is this interesting at you know I've been a model for fifteen plus years i. like modeling thing saying what happens with that? From a modeling approach. I mean frequently when we look at climate mitigation so how do we reduce emissions? We start with an emissions target or frequently in combination of emissions, targets, economic development targets, etc, and then we kind of back our we into what the mix of things could look like to meet that. So it's this top down approach or this perfect foresight. We know what's happening in the future and we back out from there in this report, they really looked at what machines and equipment are out there. What could we get out there and how quickly could we do it and they went from there? So they said, okay, what can we get online if we really double down on this and they broke it into a couple of stages stage one being ramp up production of technologies and Stage two being okay. Let's deploy these things as quickly as possible. So it was this bottom up, call it an engineer's dream because it gives me a lot of tech to play with and look at. But it really gives you the nitty gritty on how do we get this done? So, in this modeling, they mostly focus on electrification unpack how they do that yes. On the electrification side, they look at how do we beef up the supply side of things ahead we get all the power generation we need in line and I've got a lot of thoughts especially around their cost assumptions and what they think we can actually accomplish. Jigger I'm curious what you think about it as well but then on the demand side I mean they also say, okay, every car that gets sold when your targets taking off the road isn't electric one every bit of equipment in your house would replace there's no more combustion it's going to be electric I'm so it's it's essentially a near one, hundred percent replacement rate zero carbon technologies. As soon as you would naturally retire those things they do have a caveat in the report which is interesting of saying they're not forcing you to early retire. Anything, but it would help if you did. I like. I think this is fantastic. Right that it's exactly what we've been saying on the energy gang for seven years right which is that we have the technologies necessary to decarbonised and we have to deploy faster. I think that part of this that. Is still sort of not fitting exactly together for me is what are the forces around here that will make it happen i. You know I think that part of the reason I'm hopeful I had a long conversation with Alex about this, we had a good reconnection in these inspired me to figure out how to get involved with rewiring America but like is it. The when we think about for instance The planned obsolescence of natural gas utilities natural gas utility spent about seventeen billion dollars a year on distribution grids and other sort of Cap Bax. In the local level, you could imagine that they could spend that seventeen billion dollars making all these things come true. So whenever someone's gas boiler? goes out they could replace it with electrify everything solutions and they could actually just charge people thirty bucks a month or whatever for the next twenty years to recoup their their costs right. So there are ways to actually figure out how to do this. But I. Think it's critical for an a report like this to come out I and to say it's actually possible. The math actually works. Now, where's the political willpower to actually make this happen and there's some really interesting insights, a commodity report that I think many of us who've been steeped in this? No but for think the first time watcher is shocking. Right So the energy information, administration and many other sources really always compare solar and wind to primary energy. Right. So the way that the world works is you basically pull oil out of the ground ten percent of all of our energy in the United States and pretty much globally is used to bring this kind of stuff out of the ground and then. You say you know this is how many quads of energy we use as a society right and so of solar and wind come in at two percent of that energy. Then people say look how small it is. But in fact, when that energy actually goes to keep your beer cold as emery, Levin's would say. It loses about seventy percent of its energy through the process right in transporting the oil than like. How to put it into a refinery, converting it into useful fuels like gasoline and diesel. Then actually burning that fuel and you know and creating the electricity that then actually keeps your beer cold all the losses in there are eliminated when you go directly to electricity but in but we are constantly comparing ourselves to primary energy and so part of what this report shows is a week actually eliminate fifty percent of our entire primary energy usage just by electrifying everything right because you lose all those losses
The Internet Is Everything. But Is It Accessible?
"We spent some time digging into just how crucial Internet access is during the pandemic. But even if you have access to the Internet, many parts of it are still not accessible this summer, the Americans with Disabilities Act the ADA turned thirty years old and a lot of the tech that makes things convenient for everyone can be game changing for people with disabilities, screen readers that help visually impaired people read websites and software that lets us type with our voice, Nicholas? Dean, how does a Web accessibility consultant and trainer? He says that? That despite these advances, some products that claim to help actually make things worse. There is no doubt in my mind that we must include people with disabilities at every stage of any project. An example here there's a solution for web accessibility that his being pushed really hard lately, and those are overlays. So you you go, you pay for a service, they inject one line of code and your site, and they claim that it makes the site accessible. When in fact, it reduces accessibility, it is not reliable it conflicts with users. assistive technologies, and we have a solution that is really appealing to people that don't have a disability. They're appealing to people think that can get quick fix. But in fact, it's breaking things. So. When you are advising companies, what features do you tell them that they should include in their websites to make those sites more accessible while there's there's a few things to to focus on to look at making sure you can use the site with keyboard. Only you WANNA, make sure your color contrasts are sufficient something that's been very fashionable as great text on grey background That's really Really, really hard to beat for people that have low vision, and incidentally, if you try to read it on your cellphone outside in full sun chances are you're not gonna be able to read it either, and this is where I'm saying accessibility is good for everyone. Those are really good tips for companies designing their websites. But what can we do to make say our social media posts more accessible. Twitter now offers the ability to add descriptions or alternate text for images and I urge everybody to actually take a moment and described image. They're posting be careful about using emojis too much screen reader users are really going to struggle always think as to how is this? GonNa. Be perceived and how can I make sure that more people can get the message? What kind of innovations in tech are you excited about? As it pertains to the disability community? There's a lot of things happening when we're looking at tick a lot of the excitement, Ron that right now is Rhonda. Emergence and there's a lot of that that can be leveraged for for accessibility. For example, you may have heard of using a I to. Interpret. What a photo is and be able to give her a description of that fo four screen reader users or using air. I. For automating transcription for shows like the one we're having right now. So there's there's a lot of promise in in that field at the same time I. Think we have to be aware that there's there's promise, but it's not quite ready. For Primetime, a lot of the automated transcription or automated captions. You may see on, Youtube, for example, are not one hundred percent accurate. Especially if people have a bit of an accent or use a tech lingo. The accuracy is not perfect. So as a result, people who rely on captions or transcripts will not get. All the information. So they may get eighty percent or eighty, five percent and those ten or fifteen percent missing can be crucial. So. That's that's exciting. There's stuff moving. It's going to, it's going to help, but it's going to. It's not helping now because we can't rely on it and I think that's That's probably a a trap that we have to be careful not to fall into, is that while the technology is there, the technology's not perfect yet? So we can't rely on twitter can't decide well, I don't need to bother. Describing my images when I post on social media, because there's no intelligence that can do that yet while we're not quite there yet. So we have to be careful to. Not Get carried away with excitement as to what's new and shiny and make sure that we still you ju-, diligence to make sure accessibility is taken care of by humans. Nicholas? Is A web accessibility consultant and trainer.
Discipleship: Hearing Who We Are with Jeff McDaniel
"Jeff, what are you doing your PhD in right now? Right, now it's in communication I am looking at A. Self efficacy in how we can help people change voluntary behaviors towards discipleship. The. The problem is eighty. Five percent of churches in America are either plateaued or declining zero churches in America are multiplying. And there's gotta be a reason why. So CS Lewis said scientists nothing more than I pointed my telescope it in this direction at this time towards this planet, and this is what I saw. So even social science is nothing more than critically looking at what God is doing and how God made us. So I'm taking a seminary degree, an MD, matching it up with a social science. And trying to see what God is doing and how we can better make disciples makes sense makes sense and so we we kinda talked we were talking about last week Kyle, this in a what if and this is something it came up in conversation wasn't even planned that we were saying what if you know God is pushing this cove is a mechanism to get us to relook at how we do quote Unquote Corporate Church gatherings or discipleship, and that's where we thought. Hey. You're the guy that's been doing this. You've been preaching this for years saying We need to get away from this corporate entertainment. You know consumer model in back to. First Century Early Church Christian discipleship so can you talk a little bit about some of the stuff you've been talking about working with where do you see the problems and then you know, what do you see? We can talk a little bit about You know, what are some solutions here?
"eighty five percent" Discussed on NewsRadio KFBK
"Eighty five percent of the payments they made but the deal does not resolve claims for the actual wild fire victims that is still on going as utility tries to emerge from bankruptcy by next year the trump administration has announced it is going to try to tackle the homelessness problem in California and aids have been sent to our state on fact finding missions then I talked with second area congressman Armey bear about the homeless problem homelessness is a major issue not just in the city of Sacramento but also in the suburbs and now we're obviously going to welcome any federal assistance but yes some of the language in the rhetoric that the the president and the ministrations using makes it seem overly political again I would have I would urge the administration the president release funds to the local communities because again the local communities probably have a better sense of what those causes of home with a far. right and apparently some administration officials have already visited Los Angeles so I it's uncertain whether or not any federal funding would come out to our area but of course our mayor Gerald Steinberg is on the governor's. the governor's homelessness commission and Mehrestan Berg saying was aware of what the president could offer but would certainly accept any federal funds. yeah I I I I think I would echo what matter Steinberg's indicators is. yeah the the way the presence approaching this almost sounds like you're gonna gonna be warehouse thing the homeless in the three human beings and yeah they fall on hard times in their home was for one reason or another I'm not denying that there's the urgency in California and in Sacramento to help address this but again I would urge the administration to release additional funding to the local communities and let the local communities use those funds in the most efficient way possible and finding that the most efficient and best way of course is key are there any strategies are ideas that you've heard of that resonate with you on how to tackle this you know certainly a couple I mean homelessness isn't one size fits all you know certainly there's the need to address the underlying mental health or substance abuse issues the housing crisis and the lack of affordable housing as well as enough housing certainly is contracted services as well and he you know I think its multi factorial yeah I know mash Feinberg I talked them a couple weeks ago and damn he's obviously pushing to do you have in person and okay folks and said livable shelters that bad of a a great first step but I also think we've got to make sure we address the underlying issues you know fast mental health or substance abuse we've got a can comment we address those issues as well. all right and that is congressman Armey bearer for of course from the Sacramento area bring your time to five fifty it's time for your traffic.
"eighty five percent" Discussed on WMAL 630AM
"Eighty five percent faster than the competition. I would definitely use them again. Great job. Look sorry. I had a curse, but leave. I wrote it, and I'm sure people can relate the guy was in a living h e double hockey sticks because of some other mortgage company, how many times do you hear from people that have had a terrible experience in the past. And they're almost like, you know, a puppy that's been kicked. I wish I was telling you guys at very rarely comes up. And unfortunately, we're hearing this on I'd say one out of every ten calls to where they're just they're just upset at how the process is unfolding. They're not getting back to the customer in time. They're constantly having to explain their story to the next person because they don't always kind of work efficiently. They're not under one building. What really helps network capital when it comes to the turn times and the communication in the transparency is everyone's under the same building. So you'd have processing underwriting post closing sales marketing ownership everybody working under the same roof on the same floor. Is really just easy to push clean in clean out in the customers. Enjoy because they develop a relationship. They don't wanna have to constantly keep explaining the same information over and over and over all they want to do is call in tell you what they want put you to work sit back and enjoy the ride and hope and hope it gets done in ten business days. So if you guys like trying to save five hundred twenty eight a month six thousand three hundred thirty six year, here's your opportunity. All you have to do is make contact be a friend about your situations. And I think you're gonna like what you hear the number eight hundred seven hundred eight zero six eight, and if you are reading the paper work, it is not that scary shots going gonna break it down when we come back..
"eighty five percent" Discussed on WCBM 680 AM
"Without risk is a wonderful tool to teach you how to make money, in the good times and not? Lose. Anything in the bad, times eighty five percent of the growth of the s. and p. five hundred and none of the losses adds up to a very. Respectable healthy rate of return without the risk mind you without the risk. Of being. In the market and a lot of people. Are afraid of the market, they don't like it they. Don't trust it we are deep into an aging. Bull market and so people are kind of scratching their heads going I wonder what it's, going to roll over but I don't have a crystal ball so I can't say I just know that I. Take a very conservative approach and make sure, that, when, the Times are good we're making money we're making good returns very respectable and. When the times are. Bad we don't have. To worry we're not losing any money the, market's not yanking dollars out of our retirement accounts we. Get to maintain our standard of living because, we didn't lose any money when the, when times were bad, and we get to enjoy the good times because we're making a decent rate of return All righty Let's see we've got a couple more, minutes here so there's something I wanna read. Real quick Then we'll come back to it after the break I says in June June six two thousand eighteen USA today reported that social. Security and. Medicare trustees had issued their annual report, about the financial health of these two programs I want to read that part. Or not how many Americans I the trustees report. First trustees reported that, social security, had entered into a negative cash flow that means we are now paying out more in benefits than we are collecting and social security taxes It happened many years ahead of schedule they said we wouldn't. Will we'll be we won't have to pay out more. Than we take in for years. And they threw. Out all different kinds of years twenty twenty two. Twenty twenty six twenty thirty three all. These different years got thrown out there guess. What it happened there's more money flowing. Out than there is flowing in this is a bad sign.
"eighty five percent" Discussed on BizTalk Radio
"Taxes by one trillion dollars if, it gets much more factual knowing that and not being able to certainly ascertain what will. Happen in what won't happen what's, your basic advice front investor The, basic advice if you're well diversified and your plan is on track that. You stand Pat the best advice, there again eighty five percent of the time had you made changes in prior election years. You would have made a mistake Stand-pat if you've got a lot of cash sitting around I'd say maybe you wanna play a little, defense I wouldn't make radical changes to. The portfolio but you could play, a little defense be a little bit more. Cautious because there is going to be increased volatility in the months leading up to the election like ran, right now the weeks leading up to the election so we do see increase volatility but not necessarily changes and trends to, play a little defense can make. That it's really years two and three of. A presidential cycle that the market That the president The president's term is defined by the market market to the most differentiated in. Those two years third years in, the first year they're laying. Out their policies they're putting. Their team together there's a lot of, angst and hand but nothing's really happening yet this in the second and third years where you start to see increases in debt and deficit driving interest rates out or increases, in taxation, driving you know Grosso let me let me just interject by saying you're bringing these really salient points up I'm gonna have you get more specific and we'll. Address couple of the issues that, I brought up on on. On taxes on on bonds. Etc so scenario when again I wanna, tell Al speak on your behalf did this is really a political it's really your speculation based clarify here on qualifying from incorrect it's based upon your speculation not what you, want to, happen not not you love or hate Friday the opponents and I that's accurate isn't it Yeah and it was so much speculation it's looking at the historical data. Running across sexual analysis and looking at by party and by. Presidential year in the cycle, so it's not even speculation data. All right. Let's look at the data let's go, to tax, policy Clinton. Versus Trump Okay so now. Who want. To now look the market. Overall but look at how it affects individual Yeah I think before I jump into the cat policies. And things like that we're looking. At here is Clinton looks to be, doing more of the same she wants to do a. Better she wants to do it. More together but it's more of the same. Which. Is slow growth so we've had very slow growth we've, had increasing deficit been a slow rate Really been. A very blah stagnant sort of economic environment Taking quote unquote down but, very very slowly yeah there are positive thinking, talked about I'm not talking about, the Obama presidency down but the economy. Is really blah and Clinton, wants more of, the same so it's much more predictable not really attractive but you know not terrible Trump, represents radical change now at work that could be great but there's also, a much higher risk because, if if it doesn't work if the naysayers are right, there could be catastrophic qualified people talk about so trumpet. It gave the really, good or really bad with Clinton it. Much more steady but the trend, is not really attractive So As far as policy, goes Clinton wants to continue? What..
"eighty five percent" Discussed on BizTalk Radio
"As well so the guy's an expert a wizard i've quoted him before many times on social security taxation and here's what he had to say many retirees pay a higher marginal tax rate on their income in retirement than they do before retirement even if their tax bracket falls in retirement years due to the taxation of social security benefits many low and middle income retirees will pay a marginal tax rate which by the way is the tax rate on the very next dollar of income that is one hundred and fifty percent to one hundred and eighty five percent of their tax bracket this this is why you need to have a team of financial professionals that are well skilled in this area if you are on the precipice of retirement or you are already retired because this can make a big difference and the utilization of tax free income such as the roth ira can be very very beneficial for these individuals so when we come back i'll give you a couple of examples of this enormous tax increase i mean a person that's making like thirty grand a year could find themselves in a twenty or thirty or forty percent tax bracket when they're only supposed to be in the twelve percent bracket that's what the topic is for today creating some tax free income and also explain how you can create a lifetime of.
"eighty five percent" Discussed on BizTalk Radio
"As well so the guy's an expert a wizard i've quoted him before many times on social security taxation and here's what he had to say many retirees pay a higher marginal tax rate on their income in retirement than they do before retirement even if their tax bracket falls in retirement years due to the taxation of social security benefits many low and middle income retirees will pay a marginal tax rate which by the way is the tax rate on the very next dollar of income that is one hundred and fifty percent to one hundred and eighty five percent of their tax bracket this this is why you need to have a team of financial professionals that are well skilled in this area if you are on the precipice of retirement or you are already retired because this can make a big difference and the utilization of tax free income such as the roth ira can be very very beneficial for these individuals so when we come back i'll give you a couple of examples of this enormous tax increase i mean a person that's making like thirty grand a year could find themselves in a twenty or thirty or forty percent tax bracket when they're only supposed to be in the twelve percent bracket that's what the topic is for today creating some tax free income and also explain how you can create a lifetime of tax free income a little bit later on make sure you stay tuned because this is the one talk show you must do every day because i will single handedly help you make better money moves.
"eighty five percent" Discussed on WGN Radio
"We went public i mean we knew from the beginning we could not go public unless we had we were extremely confident that we had the support among all of our colleagues and when we went public it took us less than a week to have signed cards from eighty five percent of our colleagues so that is an enormous statement and i'm sure trunk took notice of that and that's that's unequivocal we all knew that this was the way to affect positive changes in our newsroom and that was less than a month ago so a month later we have you know formal union recognition we're expecting that the national labor relations board is going to certify us within the next few days and yeah it was not a bidder it was not a protracted process at all but i think that is in part because that's a testament to all the work that we did behind the scenes that's a testament to all of the commodity that we form among us and that we really all came together as a group and got on board and we agreed that this was the right way to go and we made trunk take notice of us heidi there was some on social media especially some of your colleagues were very emotional this has been an emotional process hasn't it yeah i was really touched by something that mary should meet tweeted last night she said in her thirty three years of the tribune she's never felt prouder at this is someone who's won a pulitzer i mean to to feel more proud last night than on the day that you find out you've won the highest honor in journalism says quite a bit that that certainly brought a tear to my eye people do feel emotional about it people feel optimistic in a way that they we haven't felt in a decade or more frankly i've been here since ninety eight it felt like a different place to walk into twenty years ago than it does now just because of the winds of change of you know affected the entire industry just various owners and you know changing business model and all that kind of stuff but i think we feel now like we have a voice in.
"eighty five percent" Discussed on WBZ NewsRadio 1030
"Seven five to sixty seven forty two so let's talk taxes for a minute you no doubt know that your taxes are changing two thousand eighteen there's a new tax code and there's a lot of changes compared to what you've been used to one is the tax brackets are different there little bit lower the percentages are a little bit lower in most cases but they're big changes beyond that will one of the debates that has come up is is this tax code fair and one of the ways people look at that is we have a progressive tax structure meaning the more income you make the higher tax you pay the higher the rate well is the new tax bill making it easier for the rich harder for the rich what's the answer and there are a lot of ways you can dissect this but the tax policy center took a stab at it and they looked at the top twenty percent of income earners in america and you're in the top twenty if your income is around one hundred and fifty thousand a year or more well they said in two thousand seventeen that these top twenty percent if you will paid eighty four percent of the income taxes their estimate in two thousand eighteen is this top twenty percent their share of the total taxes is going to go up slightly to eighty seven percent so not a big change but this seems to say that there was not a big big change in the total amount of tax that the wealthy will pay moving forward compared to what they have in the past taxes are complicated and if you don't believe me look at this study the study asked a thousand adults about their federal income tax rate eighty five percent of those surveyed overstated what they actually paid and their numbers were not even close they guest on average that they pay twenty six percent in federal income taxes and the study showed that the average tax bill was around fourteen percent so i think there's a lot of confusion in taxes it's only going to be greater most likely in two thousand and eighteen because we're dealing with rules that are new we didn't have them in two thousand seventeen and so if you haven't yet taken a.
"eighty five percent" Discussed on KMOX News Radio 1120
"Is the place where he is going to probably see the end of his career as a governor and potentially going forward when you have eighty five percent of the legislature that means the republicans own the missouri legislature brian this is a real problem for the governor and i think the end is near what what happens though if if through the courts he is not convicted does that really matter anymore well it certainly will have an effect is you know and we don't have the articles of impeachment drafted as of yet we may never have them but i think we will those articles are going to spell out a series of charges and then the legislature is gonna vote i think if you look at it today it would i'd be hard pressed to see see the legislature not impeaching the governor at this point given just the volume of folks at signed the special session notice that has never happened in the history of missouri ever so this is historic where we are in you know one of the things that i hope doesn't get lost in this brian is that our system of government works checks and balances the legislative branch checking the executive branch that system works it's in place in his so much talk about how our political system and establishment is broken down and can't operate any longer well it's operating here and at least that to me is gratifying and michael back to the point about the court cases your thoughts on if he is acquitted in the courts well as going to say that should they should courts are completely separate issue that's related to his affair with his mistress and in who knows what happens with that the michigan ten years is also in the courts that's another thing we we've seen the missouri legislature which will as essential we act as a grand jury here has pulled together enough facts that it shows that aired writings has real problems was running a shadow campaign and not disclosing it was paying people out of a business when you're supposed to be able to this is exactly what aircraft and said he wasn't going to do he was going to be the most transparent governor i don't think whatever happens with kim gardner in here in.
"eighty five percent" Discussed on KSFO-AM
"Seven five to sixty seven forty two so let's talk taxes for a minute you no doubt know that your taxes are changing two thousand eighteen there's a new tax code and there's a lot of changes compared to what you've been used to one is the tax brackets are different there little bit lower lower the percentages are a little bit lower in most cases but they're big changes beyond that well one of the debates that has come up is is this tax code fair and one of the ways people look at that is we have a progressive tax structure meaning the more income you make the higher tax you pay the higher the rate well is the new tax bill making it easier for the rich harder for the rich what's the answer and there are a lot of ways you can dissect this but the tax policy center took a stab at it and they looked at the top twenty percent of income earners in america and you're in the top twenty if your income is around one hundred and fifty thousand a year or more well they said in two thousand seventeen that these top twenty percent if you will paid eighty four percent of the income taxes their estimate in two thousand eighteen is this top twenty percent their share of the total taxes is going to go up slightly to eighty seven percent so not a big change but this seems to say that there was not a big big change in the total amount of tax that the wealthy will pay moving forward compared to what they have in the past taxes are complicated and if you don't believe me look at this study the study asked a thousand adults about their federal income tax rate eighty five percent of those surveyed overstated what they actually paid and their numbers were not even close they guest on average that they paid twenty six percent in federal income taxes and the study showed that the average tax bill was around fourteen percent so i think there's a lot of confusion in taxes it's only gonna be greater most likely in two thousand eighteen because we're dealing with rules that are new we didn't have them in two thousand seventeen and so if you haven't yet taken a look at how this new tax code is going.
"eighty five percent" Discussed on KTAR 92.3FM
"Our website is money matters dot net and on our website we have podcasts of this show we have articles we have videos on a variety of topics that i think you'll find interesting with regard to retirement planning and all those kinds of things so moneymatters dot net is our website now i wanna talk with you about a topic that comes up almost with every single client and and every time we meet and that is social security and this week wanna talk with you about how eighty five percent of your social security could be taxed the deal is that that eighty five percent now i want to clarify okay when i say eighty five percent i don't mean they're going to take away eighty five percent of your social security what it means is that they're going to tax they're gonna count eighty five percent of your social security benefits as taxable income okay just like you earned it as a wage and then they tax the wage they tacked your social security benefit so let me go over with you the rules on that so that you are aware so social security taxes are based on what's known as your provisional income and you know at the seminars that we do we you know i've i've asked people in the room how many of you know what your provisional income is when it comes to figuring out whether you're going to have your social security benefits taxed or not and i would say about two percent of the room raises their out of every hundred people only to raise their hand but anyway so your provisional income so the provisional income is your adjusted gross income which is the number at the bottom of the front page of your tax return okay it's that plus any tax free interest that you have okay so if you tax tax free municipal bonds etc plus fifty percent of your social security benefits if you have.
"eighty five percent" Discussed on KTAR 92.3FM
"Dot net and on our website we have podcast of this show we have articles we have videos on a variety of topics that i think you'll find interesting with regard to retirement planning and all those kinds of things so moneymatters dot net is our website now i wanna talk with you about a topic that comes up almost with every single client and every time we meet and that is social security and this week wanna talk with you about how eighty five percent of your social security could be taxed the deal is that that eighty five percent now i want to clarify okay when i say eighty five percent i don't mean they're going to take away eighty five percent of your social security what it means is that they're going to tax they're gonna count eighty five percent of your social security benefits as taxable income okay just like you earned it as a wage and then they tax the wage they tacked your social security benefit so let me go over with you the rules on that so that you are aware social security taxes are based on what's known as your provisional income and you know at the seminars that we do we you know i've asked people in the room how many of you know what your provisional income is when it comes to figuring out whether you're going to have your social security benefits taxed or not and i would say about two percent of the room raises their hand out of every hundred people only to raise their hand but anyway so your provisional income so the provisional income is your adjusted gross income which is the number at the bottom of the front page of your tax return okay it's that plus any tax free interest that you have okay so if you tax tax free municipal bonds etc plus fifty percent of your social security benefits if you have.
"eighty five percent" Discussed on BizTalk Radio
"On eighty five percent of at social security but the reverse mortgage money that you put in your pocket has absolutely nothing to do without calculations just like a roth ira race taking money out of a rough has nothing to do with that calculation smith number seven there are restrictions on how the money is used and taxes will have to be paid on it no no i just talked about the tax situation but there are no restrictions the government doesn't say well if you're gonna spend this money on fun stuff we're not going to insure the loan now they don't do that germany spin it out ever you want and then finally reverse mortgages are only for seniors in need four four the house rich cash individual votes certainly get help the house poor person but it's not one of those things where you have to be you know in need and over sixty two as i mentioned just getting the line of credit set up at age sixty two that's as soon as you can do us and letting it grow over time can be a tremendous financial resource for those that might be running a little thin on their retirement income and frankly as most of us we'll talk about this in the fed interest rates and preparing to get a home loan twenty eighteen that's coming up sit around and says the one talk show you got a tune into every day israel sure got.
"eighty five percent" Discussed on Elvis Duran and the Morning Show
"Eighty five percent of married men who cheat never actually wind up getting a divorce from their wife which means if you're the other woman the side piece or whatever in a relationship he's never going to lee did a good chance he never will cost it will break right his financial situation oh yeah absolutely yeah so it but being put in the position where you have to cover for them or it wouldn't let me get that phone call hey can you would you mind you know in case my guy calls tell him that you know i'm staying over there tonight i wanna go out with you about a block it really puts you in a weird position outlined in his there's other funny about it now fine and a dispute island i wouldn't do it i would never cover for some and for that no i don't think i would not away your best friend nope come on i don't care to be a stupid trap on that now i'm daniel would if it was me now one of our said look would you please just say that i was out to dinner with your last night nope i'm on your abs ally doing he's not going to say that stepping stupid okay you never know did on count on anyone tough one planting some thinking you know no it's just you know cheating is just it it's a it takes a lot of work anyway i'm very sure but to bring other people into your you're out you're you're evil plot yeah no hello jerry like guys will do it though i i think like a guy will live for another guy before woman with absolutely a scare you'll do for you ask him hello june for more info call eight eight what's going on june arm primary are upholding a married guy or she asked the night before my wedding if she could bring 'em dry wedding and i no cited martha at my wedding rush who shows up with him anyway i didn't have any way to see them so.
"eighty five percent" Discussed on BizTalk Radio
"On eighty five percent of at social security but the reverse mortgage money that you put in your pocket has absolutely nothing to do with that calculation just like a roth ira taking money out of a rough has nothing to do with that calculation myths number seven there are restrictions on how the money is used and taxes will have to be paid on it no no i just talked about the tax situation but there are no restrictions the government doesn't say well if you're gonna spend this money on fun stuff we're not going to you know ensured alone now they don't do that your money spent it out ever you want and then finally reverse mortgages are only for seniors in need or for the house rich cash individual world certainly get help the house poor person but it's not one of those things where you have to be you know in need and over sixty two as i mentioned just getting the line of credit set up at age sixty two that's as soon as you can do it and letting it grow grover time can be a tremendous financial resource for those that might be running a little thin on their retirement income and frankly that's most of us we'll talk about this the fed interest rates and preparing to get a home loan in 20 eighteen that's coming up.
"eighty five percent" Discussed on The Dollop with Dave Anthony and Gareth Reynolds
"So news that is eighty five percent cure rate included a thirty percent mortality rate did not actually come out to the public because this hearing that would cut short cotton that went on to work perfectly healthy so he he's fine now that is teeth remove knee goes back to work now he's back to work but things are never really the same after that in 1930 he was once again he found himself on on these scrutiny because of the high number of deaths from his surgeries i'm glad that keeps rearing its ugly keeps happening and at the same time the circle surgical method of treating mental and the start to fall out of favour as something called psychoanalysis picked up steam gone was gradually being pushed at a power at trend state hospital he responded by digging in and becoming more radical he had more radical he had the rest of his own teeth removed jesus christ's i made this guy is swinging and then he had all of his teeth he had all of his wife's teeth removes what did she do she was there loving is mary biz loaded tick lows as well pull up easily so then is less power so he opens up a private clinic in trim he was still with well thought of by the public so he continued pulling teeth tonsils removing gall bladders coghlan's services testicles and other assorted parts of now mostly rich people which i'm totally i'm with you don't mind i'm no i'm a huge like i'm a huge working class union guys that's what i came from so i'm totally into that in a so i had this part of me that wants rich people and i was up i tell you want rich people to be taken apart in little pieces snow any time well that that really is the difference though it obviously is it's like any time that someone is like.
"eighty five percent" Discussed on Freakonomics
"And eighty five percent in stock funds and as you get older now you're gonna probably want more and bond funds and less in stock funds because he ill the fear losses going to be greater when you have a very large amount of money obviously it can be really hard for the average person to take in and execute all this investment advice on their own so you might consider hiring a financial advisor but pollock says not just any financial advisor rule number six make your financial advisor commit to the fiduciary standard with the do sherry standard is a federal requirement designed to ensure that financial advisers don't sell clients products that are better for themselves dan the clients it basically says all the advice you're giving me and all the products at your offering me are designed to maximize my own financial wellbeing you're not being paid by anybody except me i understand in a transparent way your financial incentives and if you don't have the fiduciary standards a little bit like walking under the ford lot and saying do you think i need new car yet or do you think i should keep driving the oone for another couple of years there was a wonderful study done by some uh researchers at harvard were they just sent out actors who had different kinds of retirement savings and they would go into storefront financial firms and they would just say hey here's what we're doing tell us if we should do something different.