40 Burst results for "KAI"
Fresh update on "kai" discussed on The Jock and Nerd Podcast
"That kid coming back. Oh aiming possibly do it because of the. They don't snitch on each other. Yeah right. that's a good point. I didn't even think of that kid. Coen back 'cause robbie. Has those other yahoo friends who are in prison. And i really wanted to kick their ass though so i was happy to see him. Stick up for himself. Yeah that was great. Robbie did get kinda sideline the this whole season which is one thing but it's fine. It's he'll be the focus on like you will and now. He has a reason to be on his side Feels everybody betrayed him but did enjoy the crazy homeless lady kitchen. That's right she's like. Oh yeah use it gets. It affected even bring her. I think she was in season one. Oh see why. There's the lady standing out when he's looking for a doj. Oh oh in the very beginning. This do this. So many callback do such a good job. Like fucking star wars treating it. I'm going to get this season a nine. Because i just love their aggressiveness. Daljit it fuck and works. The i i liked this better than last season. The first season though is is phenomenal. Because of what you said anthony. It was so surprised that yeah i had no idea. I wanted to see this story from fucking johnny lawrence. Just play view and now let's to this next season. I'm looking forward to it. I'm just hoping they don't jump the shark. I'm looking forward to the tournament. I thought we were going to see the tournament at the end of the season. But then i was like fuck. It's over there kind of stretched it out but it worked. I believe you got to end it with the all valley with robbie miguel rematch. That's the fuck right so like what do you think. Let's do predictions for next season. What do you think's gonna happen. You can boil it down. Dimitri will break hawks arm thing when you add in terry silver. That's shit got ridiculous in karate. Kid part threes. I feel like anything can happen. It can get really weird. Terry terry silver shows up. He takes cobra kai and they start breaking boards. Yeah we started doing weird shit. And i think that he's gonna start actually doing like manipulation shit like that's another level you think he's gonna come in right away roy or or like i feel like you'll be listen on either the first or second episode being really. I was surprised they waited because cobra. Kind has fuck around. They just they waited like eight episodes to give my alley way to get we right in. It was right in the middle two episodes too. I wasn't expecting to episodes right there. Boom they waited 'til fucking episode nine to fucking pull the alley card but it was a good. It was organic made sense terry so crease. Everything is riding on this. He has to leave. he's desperate he can't and who else have story as robbie he's got the asian asshole kid probably still. We'll if they go by what it was cannon incorrect yes crease intended on making cobra. Kaido joe's everywhere. Oh maybe they just expand on that and now there's a fucking like a giant like military inch franchises..
Economic recovery: one step forward, several steps back
"A big day. This was for the two people who will arguably be running this economy for the next number of years i speak here of course number one. A fisherman jay powell who did an online thing at princeton today in which he said among many other things now is not the time to exit. Allow to translates. If i might that is fed. Speak for we're going to keep on propping up this economy with low interest rates for as long as we have to and the other guy the one who's going to be in charge of this economy in six days said i see your interest rates jay and i will raise you one point nine trillion dollars. President biden is rolling out his economic relief. Plan tonight another fourteen hundred dollars in checks to individuals more unemployment assistance billions for vaccines and testing. Tracing all the stuff we all kinda thought would be in there and however much does pass the new congress. It is not going to come a moment too soon. Because this being thursday we got new numbers for initial unemployment claims this morning a big spike backup to almost a million people who lost their jobs last week and that comes as some new research from the federal reserve shows. The unemployment rate for this economies highest paid workers has fallen down underneath five percent. While for the lowest paid workers. We have it's as high as twenty percents marketplace's jasmine guy gets his gone. The numbers paint. What economists have called case shaped recovery. Things are improving for the better off and getting worse for the rest. Paul iverson an analyst at the university of iowa's labor center says there are long term ramifications to this people that were already in a precarious position that were one paycheck away from disaster. Now find themselves without that paycheck and so disasters the result industries like hospitality which tend to be low wage and employ more black and latino have been particularly hard hit by the pandemic manet. Yanko is an economist. At the university of michigan issue of very very different levels of unemployment in different sectors of the economy is not going to go away until we allow our restaurants and hotels to near full capacity in yesterday. Speech federal reserve governor brainerd. The need for urgent economic policy to help millions of unemployed americans travel logan an economist at ohio state university agrees we do need to support the income of the workers. Take uley those who are indeed high contact service industries working reductions than ours and now facing increasing and prolonged unemployment but he also says it conomic recovery hinges on the success of the vaccine rollout jasmine garst for
Fresh update on "kai" discussed on The Jock and Nerd Podcast
"He walks into the door and he starts kissing her like. I didn't realize until she poured the honey al over herself at this couldn't be real but like it is so hilarious like he's just this perverts off and that's what he's thinking and then he wakes up and he's like is closed and he's smile and it's the best and so. I don't remember that what happened. is he. Dreams of hooking up with allie allie allie. Of with miguel's right. Oh yeah it's a dream where he liked barges in. We'll see like straight out of a book and you just you just go for it like that. The door and goes macos nine hearings. Like i'm not here from a blanket kiss and then he then all of a sudden. She's pouring like horror shadow over herself from stuff like that. It's just it's it's amazing and by the way is also very attractive. Yeah where'd Good-looking leading for next season. At the very end of the season ten crease. We find out is teri. Still all his buddy twig. That is possibly terry silver. It's definitely true solar everybody. Who is terry silver terry. Silver was actually born like that character was born to be on cobra kai because that character is so over the top in colbert in karate kid season part three he is the he is creases friend that he calls in karate kid part three who has a lot of money and invest it in like dumping oil in bad places or something toxic waste high ethical way. He he helps him. He wants to create a cobra kai empire with him but they i have to take out the any in a tournament. He i mean he's he's he's made for cobra kai because he's he he was too over the top in karate kid part three the great thing about as he says rich guy that like kinda just puts everything on hold the fuck with a kid a few months like steven seagal rich but he but he's successful in turning larusso bat like to the dark side for a while before he goes back to research the dark side. Yeah he makes he makes them hit boards until his hands bleed and he starts laughing. Maniacally he also terry silver or just. There's word though that What's her face From million dollar baby who played swing hillary slag and and barnes hilary swank shing it's inevitability what does that on the poster. Crotty kids back or neck karate. Bad boy that's right. yeah. I hated karadzic for three. I didn't like it either. But i mean i do likes the idea of silver. How silly it it. It works better over. Yeah yeah. I feel like the idea. Silver is great. That's that's when you guys got quite could threes horrible. It's baffled in next karate. kid is even more. I just wanna talk about that though too is it will. Smith is the What executive producer of that. Yeah that was the jaden smith. Three smack one next karate. Kid the karate. Kid reboot is is the wilson with jackie chan and will smith is is. The executive producer of cobra kai the television show. Is he now. He's not yes. Look it up really absolutely..
How those $600 checks are being spent
"We turn now to the gains to be had from those six hundred dollar relief checks. That started going out a couple of weeks ago and when we might expect to start seeing them show up in this economy. Marketplace's merrill cigars been talking to some people about how they are spending or not spending that money. When austin flannery in greenville south carolina got his six hundred dollar check he decided to splurge i on a barbecue dinner with his girlfriend. Brisket beans potato salad iced tea. But meals like seventy bucks then on some clothes like a fifty dollar pair of pants. Then he saw painting at a local store of some french actor from the eighteen hundreds. Who's all dressed up and smoking. A pipe bought that too. And then i went home and i was like man. He needs to be tattooed on me. He looked so elegant. So i got a tattoo of them on his forearm. Another four hundred bucks. When flannery got the first check. In this spring. He used it to pay off medical bills but he had just lost his job. An insurance company since then. He's gotten a new job luckily enough. I'm gonna financial place right now. Where i could afford to have a little bit of fun so i did. One reason. the government is sending out. Checks is so that people like flannery will spend money another is economic relief. I heard from people. Today who used the money to pay for necessities like rent heating oil in san diego catherine alinsky. Her husband got twelve hundred dollars. Some of that went toward just still trying to survive specifically gas and electric. They saved the rest alinsky. A hairstylist and her salon is currently shutdown. Honestly who knows what twenty twenty one is gonna look like for work for me and we always just want to be more prepared than less. A lot of people are using the money to set themselves up financially. Like hector enrico in chicago. Me and my fiancee. We plan to buy a house soon. So definitely trying to pay off debt to No build a credit get a better interest rate on the mortgage and he's using some of the money to buy raffle prizes for his students. He teaches phys ed at a pre k. Through eight public school. I like to give out little pedometers. I get them at like target sometimes. Thirty twenty bucks Jump ropes at the dollar store. One thing i heard over and over a lot of people are giving a portion of their check away. Two neighbors family members and charities like food banks. I'm maryelle tara for marketplace
Fresh update on "kai" discussed on The Jock and Nerd Podcast
"Own easter easter egg. Because i remember the honk being so funny at the end of craig to it. He's like. I knew he was fucking with for a little bit. He's like. I've been waiting so long to do that. But finding the miaki scrolls learning about moves that he didn't teach him the pressure points. Of course come back into play at the end and they hit the right note right like even the letter he finds growth for him a wrote for a wrote to his. His wife was on his deathbed. And imagines danny like fucking great. Every time they cut back to the old movies. I would fuck in it. I get goosebumps. I tear up especially when they show pat morita. I'll fucking tear up. He's he's like the soul of the show is and they've used never before seen footage from the movies in this show some of those clips would not they would never use the movie from the cutting room floor. And i didn't mind some people. i saw. Were criticizing it for all the incessant flashbacks. I think it's perfect amount. They show you exactly agree what you need to remember from those movies and it's fucking every time it got me went back to those movies because you're willing to look past the shortcomings because it's just so richly done. There's so much. Like that's the thing and i in watching it watching and rewatching episodes and just looking for easter eggs and stuff. I mean there's some of the impact a lot is there. There is a lot of love in their hair. Some of my favorite easter eggs. I pulled up before you get to come on and you talk about a little bit shoe. Oh yes okay alley. We have to talk about which hilarious that she is like the biggest star out of this whole cast all these years later. She's like the heavy hitter coming back. You can tell. She's like the best actress yeah. She was breastfeeding homeland. Are and now..
US job market weakens in December, fuelling hopes of more stimulus
"With political implications. That are as we speak. Still tb but with implications for this economy that you can kind of see the outlines of even now here to make sense of it. All our k- davidson. She is from the wall street journal neil. Richardson is the chief. economist ed. Adp hey you too. Neil let me start with a quick pass at this morning's jobs numbers because it is jobs day friday at the end of this kind of amazing week. We lost one hundred and forty thousand jobs last month. My question to you is more of a statement. Actually and it goes like this. Uh oh i guess. I l. indeed but it's not totally unexpected. We knew that the code cases were rising. They were rising december with that. Bryce states and municipalities have had to roll back or tighten restrictions on social gathering that has a direct effect on the job market so this trend of slowing the momentum in jobs recovered each month as cova cases rise continued in december. The hope is that when we have a population that is inoculated. Maybe later this year second half of the year. We'll see those job gains. Come back in the meantime it's still going to be a pretty rough winter For those people who are out of work and also cleared. I was touching with a friend of mine this morning. Who works in finance and he said you know. I think by fall or winter of this year which is to say. Twenty twenty one. We're gonna be rolling right along. And i texted him back and i said look man. We are as far from winter this coming year as we are from the beginning of this thing. Think about all the damage that can That is still yet to come in this economy. What do you think. yeah. I mean. I think that's what Democratic policymakers economists are warning about. And when you hear folks say it's important to have another big economic relief package for example which is something we've been hearing a lot about even though we just had this big nine hundred billion dollar. One Economists say it's important to try to get back to where we were before march as quickly as possible in other words. The longer this is drawn out the Take the harder it is to to come back. The deeper the hole the harder it is to get out of it So right it would be. It would be amazing if vaccines were rolled out quickly which may be an early december. We were all so excited. We thought they would be in our seeing. Gee it's not. It's not so easy. And and people are maybe a little more pessimistic. So that just means it's gonna take longer for people to be back in full force at restaurants or movie theaters or on cruise ships or airplanes and And it might. It might feel like a longtime time before at that place. So nila lemme ask you now about the news of tuesday. The democrats win georgia. They now control the senate and there had been much speculation that they were going to be able to do something more in relief. Maybe even those two thousand dollar checks the president trump and and others had been calling for and then joe manchin a democrat or west. Virginia came out today and said. I'm not sure i'm on board for two thousand dollars and everybody kind of realized that it's a much thinner majority than maybe the actual numbers would imply i think on this front. I make two points at first of all i. I firmly believe that the economy is going to lead politics. Some this issue if we continue to see job losses like we saw in december There may not be a lot of wiggle room of how the government responds. I if they want to make sure that the economy can pull through this. Secondly i think what would it. Also indicates is yes there is the may be some some dissension even along party lines. And so what it means. Is that big reforms which typically occur when there is a single party leadership might be delayed even further in this presidency. Because it's covid right. Now that's taking charge of covid. That has a seat at the table. And so that's going to have to play out a before we can get to those bigger reforms that i'm sure by the would like to tackle his term. That's a really good line. The economy is gonna lead policy Speaking of economic policy. Kate president-elect biden came out in a statement today or in a in a speech to reporters talking about a bunch of economic stuff. He said we should be investing in deficit spending which is remarkable thing for a politician to say out loud. It's a huge Reversal or shift if you will from when president obama came in Last financial crisis democrats were were leaning into this idea that republicans were pushing that in. I think continue to push that. We need to be worried about about deficits right. I mean we obviously want to support the economy and In support people and households. But we can't go too far. And i think that there's been it. There's been a big shift among Economists and economic thinking on this in ten or twelve years since then and that's look at interest rates. They are so low right now. In biden made this point that when interest rates historically low and the federal reserve you know they've got rates as low as they can go or as low as they are willing to go. They said they aren't gonna do negative rates They could do more bond buying but there's not a lot they can do Then you should be spending more even if that is deficit spending And that's the argument that we heard The president-elect today and it's interesting because we know that his economic team the advisors. He's been turning to for advice last year. They were making that same argument. They're saying look at the cost of finance. This debt is so low it it. It makes sense to invest now because those investments will pay off over the long term. If if they boost growth roy All right i'm gonna try to squeeze last one in and i'm going to try to get both here in about thirty seconds apiece if you could we've i want. You can't leave the segment today without the politics of this economy coming up and we talk a lot about uncertainty in this economy and what that has meant the last four years. I wonder neela what you think about instability in the politics of this economy because that seems to me to be where we are i think the biggest danger as we look at the economic fragility of that we're grappling with in the winter months. Is that we keep. We take our eye off the ball of the economy and the people who've been hit hardest in the economy. It's easy to give way to the politics of the moment. That still about ten million americans who were working in february who are not working now and we have rental moratoriums that actually end in january and so the danger is that we give way to the politics. We stop thinking about the economy. So meyer urgency on this. Friday is to remember. It's about the economy right now. And the health infrastructure that is necessary for to keep the economic recovery going to quickly uncertainty verses instability. Well i just. I think so much is going to depend on. What happens after january twentieth. And whether you still have president trump out there sort of riling rolling up his base And how the the congress and how republicans interact with the with the incoming administration the incoming president and we have reason to think that things might go okay mitch. Mcconnell has a longstanding relationship with joe biden and they've worked together for for many many years but to to as point earlier. I think that what happens with the economy is going to be driving these these discussions. Hopefully hopefully if things get worse or things stay. Stay as they are. They'll they'll come together though overcome These issues and get something done if the economy is it who davidson at the wall. Street journal
Fresh update on "kai" discussed on The Jock and Nerd Podcast
"Shows come out early jock. Talk with chad or bottom is very an actual sports show. Even though we lie and say this is the jock and erin podcast and then this week anthony instant reactions. Been catching up on some Oscar potential movies here correct. I got the sound of metal in palm springs and do a quick plug the tomorrow night. I'll be recording with Gerald morris son to the top five on the ps yes. That's a lot of fun. Show both two movies. Are there for now. I love both of them. They're both really good movies. If some movies in the till two there should be more stuff and i should have my reactions to the first two episodes of television up. Also i'm just. I'm not going to do what. I did for mandatory. And i'm just going to give a reaction instead of doing it like a recap thing so there's a lot of work. It's a lot of work. I'm just going to give a quick reaction to the feisty. Recap yeah like recap reaction. As i was watching. It was fun to do. But it's it's just like twenty minutes law it's enough it's enough it's enough for one show. Are you surprised yeah. Now that's short for me. I learned that was short. I was surprised it was only twenty minutes so be thankful anyways jogging dot com slash patriots. Sign up today. Let's get to our review this week and we are going to be talking about season. Three of cobra kai on the netflix. Came out january first of this year. Twenty twenty one. Here are your spoilers. Speaking of chris evans started.
Pro-Trump Mob Storms US Capitol
"You've seen the video. You have heard the audio. The united states capitol building has been occupied by supporters of president. Trump's spurred on by months of his lies about election fraud. We're gonna talk about the economics of american politics right now. After last night in georgia democrats control the senate and with it. Two of three branches of government to start though city brady one of our friday regulars and managing editor at politico on the news of this day hasty. Hey wild wild wild today so super quickly since. This is a very gut an emotional day. What's your gut right now. You know it's it's been shocking to to watch all of this but also sadly it's not surprising we've been all wondering for months really for the last four years whether something like this might happen and now. it did. Two weeks before inauguration It's just it's surreal to to be on capitol hill listening to sirens for hours and hours and then to to to just watch the capitol building. I walk those halls many thousands of times and it was always struck by how intense security tends to be And how intense security was the summer when there were other protests around dc so to see this happen. You just kind of mind boggling. To see it happen on a date that they should have been prepared for. Yeah for
Fresh update on "kai" discussed on Checkpoint Radio
"And joining me are weird beard as well as someone who wishes he, too, could learn karate at the Cobra Kai Dojo. Robbie landed. Excuse me. But if I was letting Kurata it would definitely be at Miyagi dough. I would not be a Cobra Kai thing will excuse me. I was just trying to get you to talk about that new show enough. Like, you know, The best thing that I think that they've been able to do is how many of the original actors they've been able to bring back for the show. They've got a baby many back on the show that Babe Elizabeth shoe back on this. If she's the one who wrote the original girlfriend number one, they have her back. They even They even brought the The girl who played the love interest in credited to when it was that one actually took place in Japan. Yeah, really, really good. Definitely worth the watch 100%..
Gary Cohn joins IBM as vice chairman
"Gary cohn president trump's first director of the national economic council announced today he is joining. Ibm as vice-chairman cola. The white house after the trump tax cuts fashion might remember that has since been critical of the president. I do have one question though. What is the vice chairman of ibm. Actually do
Pandemic wage gains were just a fluke
"Come friday. We're going to get the latest stab shot on average hourly earnings in this economy and it is expected to show continued strong winds gains but our guy on economic statistics mitchell hartman. He says best to ignore that and focus instead on the trouble yet to come so a crazy thing happened on the way to the pandemic recession. After the economy shut down and twenty million people lost their jobs. Workers average hourly earnings went up skyrocketed. Actually up eight percent year over year but what got was was not signal. Joseph bruce willis is chief economist at rsm consulting. He'll be our guide through this thicket of wage data and when he says noise not signal he means fast. Rising wages have been a statistical anomaly of the pandemic economy high paid professionals kept working from home and mostly held onto their paychecks but millions of mostly low paid service workers lost their jobs. When you've got forty percent of households making forty thousand or less seen a job loss or loss in wages. That explains that head. Fake if you will on wages forty year old cinnamon deutsche is. An example of what bruce willis is talking about. She was teaching at a childcare center in asheville beulah ohio when it closed and she got laid off in march her three hundred and fifty dollars a week. Paycheck disappeared from the average earnings calculation. But she got unemployment which included six hundred dollars a week in extra federal pandemic pay until she was hired back three months later. I made twice as much on unemployment with the extra six hundred dollars. As i do now but i am glad to be back to work. I mean i like going to work so like many americans do inches. Income actually went up for a while because of additional unemployment benefits and relief checks but those temporary effects are fading. And just says we're in for a rude awakening. What i think we're going to see is a very bifurcated. Wage market this idea that k shaped economy separation between the hadgem. The have notch bruce willis says the haves those who work in what he calls. These zoom economy will have made goes at the upper end. Those who are already thriving. There's going to be competition for those workers. you know. Premium place their wages but for lower wage says workers even as the economy reopened and employers. Start staffing up again. Those in the middle to the lower end of the market where the damage occurred. They're not going to see a lot of wage growth. That's due in part to supply and demand. Lots of unemployed workers looking for jobs not enough job openings to give them leverage to demand higher pay. then there's something. Economists call downward nominal wage rigidity firms during hard times ten not reduce. The wages of the employee said they keep on the books but when the times get better wage gains core restrained. That is pretty much what cinnamon joy is seeing in her job. She's back at work fulltime at her previous salary of three hundred and fifty dollars a week. The extra unemployment income she banked back in the spring has run out. My credit card is back up to you. Know almost max out trying to pay five or ten bucks extra so that i can pay that down. I make enough money to pay my bills and have mcdonald's once in a while but you know if my car breaks down or have an emergency am just outta luck i i have to borrow from. Somebody doesn't expect chill get a raise until she hits ten years of service in twenty twenty
"kai" Discussed on Pop Culture Cosmos
"My friend i wanna talk to you a little bit about cobra guy. Have you had a chance to check out any of the episodes as of yet so that was one where i've never actually gone to watch the first couple of seasons so i'm really behind on that show. Go ahead spoil away man. I mean it's going to be a little bit before. I get there so go ahead. What are your stoked about your punch in the screen. What are your thoughts. I'd kick the screen. But i hurt my foot earlier before we started the show so i wanted to go ahead right now and tell everybody i will not go into major spoilers. Let's go a little bit back in time with cobra. Kai cobra kai was Show that debuted on youtube. When youtube was looking to do original programming it was the big marquee show for them. They had a few other shows but none of them have really lasted or have the kind of popularity that cobra kai cobra kai is kind of like the continuation of the events. That happened from karate. Kid one two and three. If you've seen those movies this is like the well. This is what happened. Many years later could be the case. And i know. I've said this before on the show josh but when i watched season one and i really didn't think i was going to be watching the joint one but they had a free preview on youtube so i checked it out and i was amazed at how much i enjoyed that episode. Because i'm not a big fan of the movies. I've watched one and two. I've watched one a couple of times. Thought even back then in the eighties. When i was a teenager i thought it was super cheesy and did not even care for it at the time trying to watch it again later in life and still can get it before. Cobra kai came out. But let me tell you. Cobra kai is the series that in deers people with the karate kid movies. And even if you didn't like it as i did it now makes you understand and makes you appreciate those movies even more even the widely panned karate kid part three it does a great job of embracing what was so cheesy amount that and actually enveloping it by turning and twisting it around on its foot..
Trump administration to auction oil drilling rights in all federal lands of ANWR coastal plain
"After decades of debate the trump administration next week is planning to auction off drilling rights in alaska. More specifically alaska's national wildlife refuge those against drilling say they want to protect the land which is home to some two hundred and fifty animal species including caribous and wolverines. But here's what you may find surprising. And this long-awaited bidding process turns out. There's not a lot of interest. Here's marketplace's scott tong. A lot of things were in fashion in the mid eighties. Big hair fanny packs and oil giants wanting to drill in alaska. National wildlife refuge an. I'll have mostly gone out of style. Tim brasher co publishes the alaska economic report. One thing that is really interesting. A lot of us in alaska who follow these things is how embitterment the major oil companies have been an war for years. That could be because they sense. The toxic politics decades of environmental opposition media risk of lawsuits against oil companies. Considering in war plus corporate reputational risk readdress and drilling in remote alaska is not cheap. Warns energy and lawyer. David hayes a former top official at the interior department. The price of oil is not high. The expense of drilling at alaska is high. Meanwhile there are many places in the world that are much cheaper to drill for oil than the alaskan arctic. So most if not all oil giants are expected to sit out the bidding which would mean lowest prices in measly royalties for the government. Now at exactly what. Congress predicted three years ago. When an authorized leasing assumed a billion dollars in royalties the bids that are put in are going to be nowhere near what congress said would occur. Low bids mean drilling rights could go for bargain. Prices though and radner at the alaska economic report predicts some interest perhaps among state and local players. The geology does look very good and even given all the bad pr and the politics. I just can't imagine that somebody maybe just individuals aren't going to submit bids perhaps anticipating lukewarm interest alaska state development commission. Just got the okay to itself to make a grab for potentially valuable land and eventually flip it or partner with oil. Companies deadline for bids came yesterday and wednesday. They'll be unsealed
Funimation Acquires Crunchyroll, Merging Two of the Biggest Anime Brands
"This year has been big for streaming services with many people spending more time at home or just need a distraction from everything like many others. I watched a lot of anime. Japanese animation is having a moment earlier this year. The film adaptation for the popular series demon slayer became the highest grossing. Film premiere ever in japan and during a pandemic no less also earlier this month anime streaming platforms crunchy roll and fundation announced. They'll merge in a nearly one point two billion dollar deal so there's money and demand for the medium right now here to talk about it. We have lindsey loveridge executive editor at the anime news network. Welcome to the show. Thanks for having me kimberly. So why is anime having a global moment right now. I know it's not just me. Oh no anna's been having a moment for the last couple of years. But i think it's especially increased during the pandemic people have been inside and looking through their q. And maybe they've watched other episodes of great british bake off and they wanna move on to something else. So anime is a global phenomenon. I would say it's definitely exploded and there's a little bit of something for everybody no matter what your tastes are. Yeah you've got sort of the action you've got the fantasy or or the john that they call slice of life with just sort of snapshots of how people live there every day. And there's just a huge backlog of content for people who are running out of things to watch. Oh definitely we get about thirty to forty. New shows out of japan every three months so in a year. You're getting a hundred and fifty different shows to pick from talk to me about the business landscape for anime and how that is changing since it is rising in global popularity. Anime has definitely made some major investment changes over time. As far as who's become interested in it and we've seen streaming services get a very deeply involved in the production of anime as far as getting series made just for net flicks or just for crunchy roll or just for fun of nation. They're putting the money forward to get on those production committees and make some of the decisions about what gets adapted based on what they think popular. Do you have any sense of how this global popularity of anime playing out among fans in japan All i can say about that. Is that whenever i talk to. Creators directors character designers but producers. They're always happy to see that. There is an international response to their art. And that it. Even though it's made in japan that's not limiting. Its appeal to kids in europe or south america. There's huge phantoms. For shows that it didn't really take off in the us. So there ends up being different touchdown series in different countries. All over. And i think that's great. What was the first anime. Show that you watched. And that got you into it. The first one that got me into it like hooked was sailorman. And that's around the when we got access to the internet in my house and there was all these fan websites. There's a whole culture like a social culture and for me. I was someone who had a hard time making friends and meeting people with similar interests but that was all online and i could have this online life with with friends who had that that interest. The big one for me was any asha on a network Was really and that one. Scott that one still has a lot of a lot of fans actually got a new spin off this year. it's a whole new entry point for fans. Yeah and i imagine from a business perspective a reason to sort of re license the back catalogue. Oh yeah for sure Somebody who's been into anime for really long time. You know you talked about sort of feeling a little bit lonely in that space when you were younger. What's it like sort of seeing it go mainstream. I think it's wonderful animates me. Was i think kind of eye opening started. As just you know cartoons i like to watch and characters that i felt a sense of connection with but it also opened up to other cultures. And you get curious about that. And that curiosity i think is is wonderful. Everyone should have a curiosity for things outside of their immediate circle however they happen to get that. Lindsay leverage is the executive editor at the anime news network. Thank you so much. Thank you
Millions to receive relief payment via debit card
"I have needs. It has to be its consumption. And that's the thing want debit cards can also be cheaper than checks for people who don't have bank accounts cashing a cheque cost them money. But with a card says shantelle boyens with the urban institute there is a network of. Atm's where you have the car you can access your funds without any feeds but people can only make one withdrawal for free from an out of network atm after that. It costs two dollars boy in says the income people are more likely to pay those fees. They may be located in areas where they don't have as good of access to in network. Atm's the cards also come with terms of service. An ira rheingold. Executive director of the national association of consumer advocates says some of them put card users at a disadvantage. You consumer if you have a complaint you cannot go to court. You cannot be part of a collective action. A class action members of congress sent a letter to the treasury this week asking it to remove those clauses and reduce any fees. I'm justin ho for marketplace lawmakers tucked a provision banning surprise medical bills into this latest relief. Package those are the unexpected charges from out of network healthcare providers that can add up to tens of thousands of dollars. One thing. that's not yet. Clear is how this might affect insurance premiums marketplace's nancy marshall genzer explains. It's a nasty shock without realizing it. You retreated by a healthcare provider. Who was out of network surprise. You're stuck with a huge bill. Jen taylor with the consumer advocacy group families. Usa says some of the biggest unexpected medical bills. Come from air ambulances where people were getting a fifty thousand dollar bill and they were unconscious and put into an ambulance and had no say in the matter. Once this surprise medical bill legislation goes into effect in
How those $600 checks are likely to be spent
"Three months. Most of the money stayed in the bank people spent about a third of their tax. Hilas says there are two reasons. A lot of people didn't spend all the money right away. I those who still have their jobs and income didn't need the money to pay their bills and with pandemic shutdowns. It was hard to shop and travel the money away. Meanwhile americans who had lost jobs and income tried to stash away. Whatever stimulus money they could people had expectations. That crisis would be very long in. Their income. Might be disrupted for a long period of time. This time around you know us thinks that even with vaccination underway. There's still so much economic uncertainty that most people will try to save some of the money again but that may be harder with this second round of stimulus checks nine months into the pandemic. Millions of americans are still out of work and unemployment benefits dwindling. John lear is an economist at morning. Consult lower middle income. Americans who really have very little savings have gradually had to eat into their savings because they don't have the income to cover their expenses each month. They're likely to spend their stimulus right away on. Necessities food rent utility bills and car payments. I'm mitchell hartman for marketplace. The relief package also includes several types of aid for small businesses including a new paycheck protection program. And it's different from the last round. In a few ways. For example this time business owners can claim tax deductions for payroll and other expenses. Their p p p money covered small business advocates welcomed the change but as marketplace's justin ho reports owners. Still face a lot of uncertainty when it comes to their tax bills before the new relief package was signed into law new york city cocktail bar owner ushwyn day schmo just wasn't sure when he should apply for forgiveness on his. Ppp loan and how that would impact his bill even wait to do the forgiveness application until next year. It's just a waiting game. The new round of
Congress Didn’t Include State And Local Aid In Stimulus package
"That stripped down relief. Bill we thought was going to pass left out aid for state and local. Governments states are now fighting each other over. Which should be able to collect income taxes for the hundreds of thousands of remote workers who used to commute across state lines from the workplace culture desk. Marketplace's megan mccarthy carino has that one before the pandemic dave hausky commuted everyday between his new jersey home into work at an architecture. Firm in manhattan. I ride my folding bike to the ferry. And then i take a theory across. He also has to file taxes in both places. New york is one of seven states which tax workers based on their physical office is located new jersey normally refunds the more than one billion dollars paid by residents like miron hausky who have to pay taxes to new york but this year is different than it was march fifteenth when my office close to new jersey and about a dozen states are bringing the legal question to the supreme court to try to stop states from taxing workers who never step foot in the office. This becomes a serious problem. If remote work becomes a long term phenomenon as it probably will jared wall sack with tax foundation says while states have had agreements to avoid double taxing workers. That could change if your home state decides that you truly are both living and working in their state than they might still tax you especially as state struggle to make a drop in other tax revenues due to the pandemic says lewis shiner with the brookings institution. Clearly there's some hain things like parking tolls and gas taxes and drops in tourism and sales taxes. All that's pushed state revenues down an average of five percent so every last tax dollar counts. I megan mccurdy carino for marketplace.
Where does the economy go from here?
"We are going to dispense with the president's remarks last night about changes he wants made to the virus relief. Bill that congress finally passed on monday. After months of negotiations. We are going to dispense with it with this observation. It's all fun and games and political intrigue until somebody gets hurt and people are getting hurt all over the place in this economy as we have been telling you for months and we got more evidence of that this morning courtesy of the commerce department will learn consumer spending fell nearly half a percent last month the first time. It has fallen since april thing. How long ago. That was and it same time. Personal income fell by a little bit more than a full percent. The third decline in four months. It's no mystery. Y right government aid has been keeping people afloat and that aid is running out so to get us going. Marketplace's samantha fields looks at what that is going to mean for this economy. This time of year is normally when people spend more money. Carl tannenbaum chief economist. At northern trust says the fact that personal income and consumer spending dropped in november is a bad omen. It does give a pretty good sense that households are not going into the new year in very strong answer to the urgency around. The negotiations in washington consumer spending crashed in march and april but then bounced most of the way back largely thanks to government aid back in april after the cares act. There was a huge pop in personal income. Ted rosman is an industry analyst at credit cards dot com and a lot of that did trickle down to other sectors of the economy. He says over the summer a lot of people felt like things were getting better but now maybe those unemployment checks have dried up. They've long since spent their first stimulus check. Maybe they're not able to go back to work. And people are nervous. After months of uncertainty over whether the federal government would provide more relief says tim quinlan senior economist at wells. Fargo six a long time to build up consumer confidence and not so long to disrupt it or to shake it and when people have less confidence and income there are less likely to spend their money. Carl tannenbaum northern trust says that is a bad combination spreading done by households accounts for almost seventy percent of our annual gross domestic product. Our national income. And if it's not recovering he says neither will the economy.
Deal on Fed removes obstacle to agreement on COVID-19 relief package
"There are two things going on with this two point three trillion dollar package. Congress is working its way through and the fading hours of this year one point four trillion dollars to fund the government through next september and nine hundred billion dollars in pandemic economic relief. It looks like and one stress is looks like because you never know but it looks like the thing is gonna pass and we're going to talk about what's in it through the program today but over the weekend. There were some hiccups. The biggest of which centered on the federal reserve. and what it will and won't be allowed to do genus. Molly covers the fed for the new york times. Also she is a regular here on friday. Hey gene hey so in. Lay person's terms here if i might What was the up. With the fed and senator toomey and the feds authorities so basically the fed did a couple of emergency lending programs in this crisis that it has never tried before it bought corporate bonds it bought municipal bonds and it lent directly to small size businesses via banks and so all of those programs were real sort of departures. From what we've seen in the past in senator. Toomey wanted to make sure that they couldn't happen again. He said that congress had intended for them to only lasted twenty twenty one and so he inserted language into this bill that would have basically prohibited them or anything similar to them from ever happening in the future. Without congress. congress's approval. Compromise was what the compromise is that we made that were similar. Same which sounds pretty simple right down like a big deal but it was a big deal. Because i think the way that similar could have been interpreted is to mean that basically any sort of credit like program would be impossible in the future. The way democrats are painting the word same means that specifically these exact programs set up precisely the way that these ones were set up cannot just be restarted. Once you know the next treasury secretary presumably janet yellen who's likely to be the nominee for that job is in place next year. And so the idea is. You can't have this immediate copycat but you could potentially do something. That looks a little bit like this way down the road if there's another financial crisis will that's my next question right. This is really about the crisis next time because there is another one come in as we know right and i think it's it's you know it's worth noting that some of these markets at the fed intervened in this time municipal bond market. I think being a good example. They were melting down in march. You know the the fed stepped in and and gotham tour again but there was a moment there where it was looking pretty dicey in corporate bonds and municipal bonds and so the idea that this legislation would just take away all of those powers. I think could definitely raise some concerns among people certainly who work markets but i think also people who are concerned about you know who has crisis fighting power who saves us first. How much what was going on here was about fed independence and its ability to do what it sees is right. I note that Chair powell has not said a word We had rob kaplan from dallas on On friday and he ducked my question on at. Your brunetti actually said something over the weekend. Right right i think the fed has been caught in some political crossfire here. And what i mean by that is democrats. Have kind of been eyeing these facilities that the fed set up this time and thinking about how they could enhance them to make them more generous once. They're in office. And so the idea is you could potentially use things like the municipal program to really funnel cheap money to states and localities. Now the problem is all of your listeners. Will be aware is that democrats tend to be much more concerned about those constituents than republicans are and so the idea is the fed could be used for political means in. That's why senator to me was really concerned about the future of these programs I think the fed basically wants to stay out of the political conversation here. The important wants to gets missed is they would have had to agree to that. Sweetening up of the municipal facility But yes they got caught in the crossfire. Little ben bernanke you wait into say. Hey don't take away powers. The fed used to have and that it needs but even his statement was done in very a political terms. I think you very very burnett elect terms genus alex. She covers the fed of the new york times and here every now and then on a friday june. Thanks a lot appreciate. Thanks so much
Congress is scrambling to pass a coronavirus stimulus bill
"Even the unemployment. I just got off the phone with the georgia department of labor. And they said we're literally sitting here at our computers trying to figure out if we have to shut down on employment benefits for millions of georgians in a matter of days or if you have to extend the payments at an extra three hundred for how many weeks you can't just you'd like to think it's all could be done in a matter of seconds but it can't at the moment the statistic that really jumps out at me this week. We just got the latest data from the census that shows hunger in the united states is now at the highest level in this crisis that the pain is real and we have seen the pictures of people lined up at food banks. Well let let let me actually. Now turn to something you. And i were talking about before we actually turn the microphones on and the gong went off the nomenclature that people using to talk about this bill stimulus versus relief. I of the personal opinion. We ought to be calling relief bill right because there ain't necessarily much to stimulate right now. You're one hundred percent right. Kai at stimulus is when we're trying to boost the economy. We're not trying to boost the economy right now. We're trying to get it through the winter and prevent even more devastation. Even more hunger even more addictions even more small business closing so this money this nine hundred billion that's about to go out is really it's the mandate or people keep referring to it as the bridge to get to the other side. It's not some sort of pump up the economy measure. That may be needed next. While speaking of next year people do seem to be banking on another package early in the biden term. You buying that now that. I don't think it depends. Obviously control of the senate will be very key going forward. And i do think there's hope what what i see. More optimism surly from wall street is hope for a some sort of infrastructure package. That could possibly pass later in. Twenty twenty one. I know we all charcoal during the trump skiers but that would certainly be a boost. That would keep us long going for a long time. I really worry a lot kind of due to about march. April may a lot of this aid even if the bill magically gets pass. They're talking about ten weeks of unemployment aid that ends in mid march. Do we really think the vaccines are going to be widespread enough. That people are going to venture out again to restaurants by march or april. That's a really big gamble yet. Let me excuse me. Let me change gears here for a second and and picking up on that february march april thing. There was a fed meeting this week. Sherpao gave his usual press conference. And i will say here. We're talking to rob kaplan of the dallas fed a little bit later in the program. I was struck by though the optimism that seemed inheriting some of the fed's predictions of for you know the next six months once we get through this winter and i wonder if you were as well. That was a huge takeaway. What you hear. What's really odd right now. Is there's more pessimism about the next six months. Chair powell reiterated that can we get through. How many how many job losses are going to happen. And how many businesses are going to close forever. I think about you street musicology. Dc gone forever but at the same time. There's more optimism about the second half twenty twenty one part of the vaccine but part of it also a lot of people who've been working from home like you and i have been saving money. There's over a trillion dollars more of a money sitting in bank accounts and if that starts to get spent next summer that could be another additional boost the economy. So that's why you see wall street.
Even with another relief package, economic recovery is gonna take awhile
"It is possible we know to hold two or more contradictory facts in your mind at the same time. for instance. it is a fact that altogether almost a million and a half people made new claims for unemployment benefits last week. It is also a fact that the day after christmas millions more people will lose federal pandemic jobless benefits and it is further fact the congress which is to say senate republicans for months have not been able to agree that more government help for this economy is necessary now the back against the wall though. It seems likely some kind of relief package might pass probably something just under a trillion dollars but as marketplace's mitchell hartman reports there is still a real an increasing risk that the recovery from this recession is going to be slower and longer and more painful than it had to be covid surging. Lay-offs arising consumers are hunkering down. Not a great place to be heading into twenty twenty one mark zandi at moody's analytics says the nine hundred billion dollars. Congress considering spending to get the economy moving in the right direction is only a down payment on recovery. This relief package is about avoiding going deeper into the economic col- without it. I do think we will go back into recession. So this is about avoiding that. It's not really about jump. Starting the economy and without more stimulus spending especially to shore up state and local government budgets. Heidi sheer holtz at the economic policy institute says the economy is backsliding. We've already seen more than a million jobs. Lost in state and local government when you have teachers and firefighters whose job so they no longer have income. They aren't spending money in the private sector and more people lose their jobs. Zandi hope is by the middle of next year as vaccinations spreads and the consumer economy starts to reopen on a post pandemic footing. The congress will pass a much bigger more robust stimulus bill. If a structure spending would generate lots of jobs for all of folks have lost their jobs permanently and try to get the economy back to full employment more quickly if that doesn't happen well we've seen this movie before. Heidi shield says after the great recession. Congress pulled back on stimulus spending too much too early. What they're doing now way better than nothing that it's not enough and i do worry about. We really setting this up to be another long slow recovery. That recovery to full employment took seven to eight
A look at the state of retail, as holiday shopping wraps up
"Michelle mentioned retail sales in his press. Conference today to numbers out this morning show. They fell a bit more than one percent in november which matters 'cause that most likely includes the first wave of holiday. Shopping and retailers are doing what they can to encourage us to keep on buying walmart for instance just announced its deadline for free shipping to get there before christmas. It's going to be december. Twenty first is their deadline. Which i don't know seems tight to me. If you want to risk it marketplace's. Mary barra has more now on four. The holidays in this very strange year every year nicole fritz michigan goes to holiday gatherings where she sees co workers or cousin. She doesn't really know that well so every year she finds herself standing in a store looking for that perfect generic holiday gift. Alosha shanna candle. You've been some kitschy but fun. Little coffee mugs since fritz is not really seeing anyone this year. Her shopping list is much smaller. She's mostly buying online from small retailers. She ordered a custom made dress for her sister in october. One of several packages. That still haven't arrived. They send stuff out but the delivery date of keeps getting later and later. Meanwhile dana chadwell in tennessee has been shopping exclusively online. She says stores are too risky because their parents are elderly and her brothers on dialysis also. She often buys people experiences like concert tickets. But this year. She's getting her mom cookware. She asked for and her dad. There's zero chance. My dad will hear this. So i can tell you you know. I got him a couple of flannel shirts and colors that i thought he would really like. And some tanker chips. Danny groner in new york is trying something new to instead of physical gifts he sending money on ven mo like his friends have two young kids and at a picnic in september. The eight dollars. Pretzels on hanukkah are yellow. The mom ten dollars earmarked for pretzels. Just as a nice note that despite the fact that we couldn't see one another over the holiday. I was still thinking of them few days later. That friend sent groner some photos. The kids had turned the pretzels into a craft project. Making minora's out of them using marshmallows and other things groner says he's hoping some of year's new traditions will stick. I'm maryelle sagarra for marketplace. So you know that lady's dead is totally going to hear this somehow right. That's absolutely what's going to happen. Also stocking stuffers big thing in my ass were worried about that.
Get the money out now
"We didn't get any relief. Bill from the congress and i i want i want to tell me why i wish i knew. I mean honestly. There's been this ongoing stalemate for months and months and months and the need the scale of the need for a bill is just demonstrable at this point right if you look at the numbers for various measures of economic hardship things like hunger or housing insecurity on employment They're huge so it's not as if congress doesn't know that there's a huge amount of need urgent need for them to act particularly given the fact that something like two dozen additional programs that have been holding families together are about to expire around christmas. But there seems to be this logjam over what should actually go into the bill and you know what what tools would be acceptable to help these families and businesses for that matter sue journalists. Take that a little bit farther right. We've got a piece coming up from kimberly adams here in a minute on liability protections which mitch mcconnell wants the state the democrats want state and city Funding to help them through the squeeze Is it possible. Catherine says they can't not know. And i'm going to throw you the same question D- do they really not know. I don't know the answer to that is impossible. It's impossible to now. I mean. I think i think what's really interesting in what is going to continue to be. The core issue is that lawmakers on both sides recognize that there is a massive new. Do something you know. There's there's fairly broad consensus that. They need to come to an agreement that they need to do before christmas. That we can't just you know sort of any year in not not come up with a solution in. I think that's why it's so surprising. And so interesting that it's taken so long to get there and it does seem like it's really boiling under these two issues at this point that's the whole distance between them But you know these two issues could be enough to scupper it. do you think katherine that. It's possible that they go home for christmas. And nothing is done and they say know what biden's coming in in january and let the new congress in the new administration figure it out. Unfortunately i think it is. I think it's a terrible failure of leadership. If that happens. I mean it's been an unforgivable failure of leadership that they haven't come to some sort of deal by now But the idea that in the days after christmas you'll have tons of people who get evicted. Who lose their Their unemployment benefits who suddenly have to start paying their student loan bills again have to pay their their mortgage payments again. Things that were in forbearance I think that would be a terrible terrible outcome. But i would not. I would not put it beyond congress for that to happen. Unfortunately because again it's been months at this point and they don't seem to have Endured any sort of political retribution. For not acting and so. What's to keep them from doing that soon. I hope that they act. But i'm very concerned that they won't do. You know a quick turn to the federal reserve here as we talked about perhaps in this segment last time you were on but definitely on the program at some point in the last couple of weeks. treasury six year mnuchin As we all know has decided that the for some of the federal reserve beginning programs under the care act ought to end it. It's worth pointing out that. While they were undersubscribed they did add some stability here. And i think it's also worth pointing out that they were undersubscribed. bydesign right. They were they were created on terms. That were meant to be extra. And some of them were created to work in exactly the kind of environment that we're about to go into a situation in which things are getting worse credit availability. Use may be getting a little bit worse as a result and you know companies and municipalities need. Need that backup auction in our sort of taking away right right as it may be needed. So i'm gonna. I'm gonna go sooner than i anticipated to. The old standby On a friday on this program. What is jay. Powell thinking genus. Malik you get to go first. The fed meets next week. The chairman will a conference and there will be all kinds of questions but in in five words or less. What do we think is going through his mind right now. Going to get worse before it gets better. He told me that's like nine. But okay all right. i'll buy that catherine. What do you think. Get the money out. Now about it Well look it's the mantra. I think of a lot of economists at this point. Other economic policymakers powell among other federal reserve officials have said as much not in those exact not in that five word phrasing but that they want more fiscal relief. That the ball is really in congress's court at this point to get something done that. The fed will continue to use whatever tools it has available. Whatever their usual You know boilerplate his on that but really they need help from congress
How extending unemployment benefits leads to a stronger recovery
"Long time right. So there's this team at georgetown the got access to the right data to answer this question. The bottom line is that workers can use unemployment benefits to meet their basic needs while they're out of work. They're able to take the time. They need to find the right job for them. Rather than taking the first thing that comes along this helps workers find jobs that pay more and it helps employers find workers with the skills that meet their needs and we call that a good job match which all makes sense but the ethos of unemployment in this country at least on a surface level is both for society and also for the individual is man. I gotta get off unemployment soon. Because i've got to get a job because i need to jump right exactly yeah. The entire research literature around unemployment insurance is really characterized by this idea. That the longer taking me to find a job the worse it is. This study is really exciting because the research team is turning that idea on its head and it's challenging this logic it. What if taking longer isn't actually bad. What if it's good. How does it talk to me about the mechanics. How is it better shirt. So when i have the money that i need to put food on the table to keep my lights on to pay the rent. It means that. I can take the time i need to find a job. That is the right match for my skills and my needs and so then when i get matched with that job take it so it takes a little bit longer but then i end up with a job that generally pays higher wages and takes advantage of the skills they have to offer. And if i'm passing off a job that is not a good fit for me at least that job open for a worker. Who is the right thing. And that's creating a chain reaction that spreads throughout the economy and then the flip side that if you take the job that isn't right not only will you be not happy and maybe not make as much money as you might ordinarily but you might eventually leave that job and then the spiral continues and then you get to. What j. Paul talks about all the time. Which is this lasting damage thing exactly right. So we see scarring effect. Unemployment that lasts throughout workers careers where they see lower wages ten twenty years into the future because they're matching with those wrong jobs so as we wait for congress to decide what it's going to do. Are we in that zone already where people are taking jobs. That maybe aren't the right fit right. Have we missed the boat as it. Were i absolutely do not think we have missed the boat. So the pandemic emergency unemployment compensation is expiring the day after christmas. And if we let it expire we're going to mmediately cut. Two million unemployed workers off from any income from unemployment benefits shorten their time on benefits for millions more. And that's going to start. This spiral of families hungry rent on paid workers. Taking bad job matches right now. Congress is in the middle of negotiations they have a chance to extend those pandemic emergency benefits so that workers can wait for job. That's right for them. Not only for their skills and their wages but also a job that is safe and is a match for their health needs and the health needs of their families. Alex cooled worth is the director of family economic security policy at the washington center for equitable. Growth alex thanks a lot. I appreciate your time. Thank you on wall street today. Not a whole lot of enthusiasm except for airbnb which on its first day of trading was up one hundred and
"kai" Discussed on Stinger TV and Movie Podcast
"And it was my husband who's usually not on top of these kinds of things who made the prediction that Miguel's injuries might require a pediatric surgeon now did they say that's what she was yet. Okay. Okay. Yeah. I actually thought when. At the end when Johnny throws his phone and you see it in the sand on the beach and it's Allie like accepting his friend request on facebook. I was like, okay that they're probably GonNa bring her back somehow that's what made me think of it but well, deatrich surgeon thing that's a good catch I. think they left the door open if they could negotiate, I don't think she she'll be a series regular but I I think that show come back because why wouldn't you? It's a hit show. It. Look good for you and also felt like in season two, they made sure to put a few bumps in the road in Daniels marriage they did. Okay. Here's the thing if she comes back. I would rather see her with Jani than with Daniel of course. Because, he I feel like for he just needs that closure for one. So I agree with you I don't think she's going to be like a regular I don't think she's going to be on the show now I think it'll just be she'll come on. It'll be the love triangle but I think she'll be that closure that johnny needs to fully kind of shut the door on that and move on with his life. Oh that's a good point. Now I. Really liked him with Miguel's mom but that didn't I did to actually. Well, that was my favorite scene. If we can talk about favorite, that's my favorite scene in all of Cobra Kai was that whitesnake parents situation. The carbon. was just too perfect..
"kai" Discussed on Marketplace with Kai Ryssdal
"All right. So if you follow the futures you knew this was coming. The Dow industrials off five hundred eighty two points. Today three percent Finnish eighteen thousand five ninety one. They were green for a little bit. Today the Nasdaq down eighteen points over a quarter percent. That's practically a wash really sixty eight sixty the S. and P. Five hundred seven. That is two point. Nine percent twenty two and thirty seven there. We talked about the Federal Reserve. A little bit. So hence look at the banking sector Goldman Sachs down. Two point four percent today J. P. Morgan Chase off five point three Percent Bank of America tumbled four point six percent today. Bond prices rose the yield on the ten year. Treasury note fell to zero point seven six percent. You're listening to marketplace this is marketplace. I'm Kai Ryssdal about half give or take of the big companies in China's who bay province where cove in nineteen outbreaks started of course are back up and running in the rest of the country. Almost all big firms are open again. Small businesses though. We're still struggling. Best estimates are that about forty percent of them are still closed. Marketplace Jennifer pack check in with a pork seller in Shanghai macek chopped pork ribs at the back of tiny veggie shop where he sells meat hearts over to. He's happy to be back in business. It's taken more than five weeks. I he was trapped in his hometown in central unquote province. Once the virus spread there were travel restrictions when he was finally allowed to leave. My town returned to Shanghai but he's still couldn't open shop such as the odds of getting back in February. I had to self quarantine for fourteen days. He finally resumed operations at the start of this month and business is picking up even though pork prices have doubled since last year from the African swine fever. My town says some customers are buying less. But not this man call you by as much pork as I want to eat. Even if it's expensive he tells me his surname is now then runs off to prepare lunch. Much turns to serve another customer. The bulk of his business though was supplying restaurants they ordered a lot of pork from him to serve during the Lunar New Year in January. They were going to pay him once. The holidays were over. The amount of the hunter got so hinted in the city fully booked within the cove in one thousand nine virus spread government force restaurants to close if the outbreak can happen. Say Ten days later they could've earned enough to survive for the year most of his restaurant clients. He says are looking for cash injection while one has gone bankrupt. Come including me are not so you attack. The restaurant say I can take whatever meat and seafood or left in their freezers and sell them to my customers. That will help him recover some of his costs but not all. He expects to lose at least fourteen thousand dollars. That's not a small sum. It's hard earned money. Of course it hurts. Says he will look for other restaurants to work with more. Dining places are open in Shanghai. They're just not full. Because of social distancing measures and fear like one of my town's regular customers willing may she says she used to eat out a lot with her family before the virus outbreak pushing epilepsy. I don't go to restaurants anymore even if the government says it's safe. I won't go since she only cooks at home. She insists buying from my town. He says loyal customers like her are. What's keeping him in the game in Shanghai? I'm Jennifer pack for marketplace..
"kai" Discussed on Marketplace with Kai Ryssdal
"And you have a kind of perfect storm for the bathroom if occasion of America. I warned you all that was coming tonight first. Though let's do the numbers twenty five points today. Almost ten percent on the downside clues to twenty nine thousand three ninety eight that the blue chips Nasdaq picked up. Nineteen points two-tenths percent ninety seven thirty one the S. and P. Five hundred up six tenths percent thirty three and eighty there for the five days. Gone by the Dow brought home. One percent the Nasdaq accelerated two point. Two percent the S. and P. Five hundred gained a percent. Megan was talking about Delta going carbon neutral stock nose down. Three tenths percent today Kraft Heinz trip down three point. Two percent after the ratings agency Fitch downgraded the company's bonds the junk US bonds the government. God prices rose. That means yield goes down yield on the ten year. Treasury for the one point. Five eight percents. You're listening to marketplace. Hey it's molly would so the most important rule in corporate governance for the past half century has been prioritize shareholders and profit at all costs but in today's climate literally with global warming and extreme income inequality. People aren't having it. There's definitely a strong public opinion. That business needs to do better. So notion of stakeholder capitalism is a corporation don't exist just for shareholders they need to be good citizens and not purely focused on creating shareholder value. Make Sparta's the PODCAST. Where Kai Ryssdal and I talk about tech the economy and culture this week. We dig into stakeholder capitalism and whether corporations are serious about making change. Subscribe to make me smart. Wherever you listen to podcasts. This is marketplace. I'm Kai Resolve Valentine's Day. Spending in this country is expected to hit a record high this year almost twenty eight billion dollars. That's according to the National Retail Federation seven percent of that almost two billion dollars again. That's from the. Nrf is going to children's classmates. That's the actual category Rukmini. Kalomo is a foreign correspondent for the New York Times who tweeted out her Valentine's Day experience the other day as a new mom tweet one adventures in American parenting. My son's Day care sent him home with a list of the other babies in his class entitled for Valentine's Day. My son just so you know can't yet speak much less right. So the implication is that I. His mom will fill out cards for a bunch of babies all underage of tweet to first reaction was. Oh how cute. My second was the revolted immigrant Ruckman e and one whose mom never helped me with my own homework and who wants just wants Showed up to my cross country meet embarrassing meat so thoroughly running after me with leader of Evian. I asked her not to come back tweet. Three for most of elementary and high school I was mortified by how my immigrant family just couldn't get with the program for example trying to give trick or treaters one dollar bills like the kids were strippers or something. When I insisted it had to be candy. My family tried placing sticky cupcakes in their pumpkins. Tweet four so I guess that'd be setting up my son for a future tweet storm not unlike this one eighteen years from now mind you when he gets his first phone. If I don't buy the cards and spend Thursday night filling them out and signing.
"kai" Discussed on Covert Nerd Podcast
"He's not really genuine about how it return. Yeah yeah I found it he places it so it can be found. Yeah you root for him more in season one but season to kind of integrate yeah. He's he hasn't completely changed his ways. Yeah same thing with me Gal. You're like they really do a good job again. They really don't have the whole series doesn't have a true hero. Yeah I'm Yagi true here right. We're is in the first karate kid movies obviously Daniels doing this whole series. I don't know you'll Janis trying to do the right thing. But he's got some dark motives sir. Daniel's trying to do the right thing but he's stepping he's got so much to I mean when it comes to. I think that's another thing that it came up in season two. I really liked that. They did talk about that point. Where Terry Silver Pulls him over to Cobra Kai and I was shocked? I was honestly shocked that they went there so soon and that they brought in fact he's wearing the Cobra Kai g in karate kid three and how that all plays out and how. That's kind of traumatize the character of Daniel Daniel and so like when it comes to Cobra Kai Daniel doesn't see straight sometimes like when he comes in too. The Cobra Kai Dojo and says Yo your confronts Johnny about the you know the vandalism and whatnot and ruining Yagi dough and you know like stealing the medal of honor if he could have slowed down which has always been yes. Daniels thing is like he gets mad. You know if he could have slowed himself down and had that conversation maybe not in front of the entire doges. It would have been one to one. And that's that's kind of the crux of their conflic if he could slow down and just have the conversation. And I'm like why I you can see everything I need to know right here right now I see it all right now. It was like you all the things. You're not seeing because Cobra Kai because they're so mad because you have such a history history slow down talk them same thing. Just talk the ends up at Robbie's house and he literally kicks down the door. DOC doesn't yeah. He does the same exact thing. Like wait a SEC. Hold on yeah before you go nuts again. You have the imbalance that Daniels under that barge in Johnny in some cases is the one that was like a cool headed one. John also doesn't handle things is quite right either like hey I mean in that moment. It's like I don't know where my daughter is. And now I found her and I don't know what's going on and you won't let me even talk due to her kicking the door down and I think that previous episode or prior to that art part of the episode where again Don Johnny and Daniel Almost get together again and all. Yeah you really. You really rooting for the bromance. There be friends introduces Johnny to facebook and we hear about alley. Yeah Yeah Oh boy. I don't know if I really want to come back though. What does she going to do? We'll get to that here in a second. Let's finish with obviously the fight at the N.. Alexandria between the girls in Daniel Error Not Miguel and Robbie. Yeah of course in. Of course we see breese. Bite dislike the viper seven of the ending of season. I wasn't expecting it to be that dark. Ah Him falling off. The stairway getting really hurt. I wasn't expecting the romance between Johnny and Gals. I really liked that part heart action movie. I really liked their relationship. I wish I hope they kind of stay together. But obviously allies coming so they're not going to but I don't know I really really liked their relationships now that'd be hurt though she's pretty. Yeah so I feel like it's not gonNA happen now. She's blaming Johnny for Miguel getting hurt. So I don't. I don't know but the series of surprise us that every other maybe right bungee kind of Bungee cord us on all these Yak. Thank you kind of want him to Carmen. And then like Oh you get a little taste of Young O.. R. Johnny in Daniel GonNa see how house similar they are and be friends now. Like you having a fistfight in the apartment. Yeah what did you think of the end and I knew it was going to be brutal because they with the big three the show runners. They had said. If we don't get renewed for third season there will probably be riots and a little odd too. Because I mean that's how it plays out in the school. It's like this this riot in the school and a lot of a lot of people online kind of the kind of criticized that final fight scene. Because it's like we'll all those teachers should be fired tired. How did how did Tori even get into the office and you know basically pirate the intercom system and then turns into a gang fight right in the middle schools and then there's teachers that are just like nope amount. I don't get paid enough of this. I mean Ania. Kids getting thrown through like trophy case. I mean like it's it's scary. It'll be interesting to see how it plays is out in season because they'll have to address it. I mean there's probably kids that probably should go to Juvie Hawk. Maybe shouldn't be in season three. Yeah Yeah you lie you lie man. I'm blanking on his name. Robbie Oh here we go Mitri Dimitri Petri area. I knew it I knew now clicks. Yes Dmitri joins the meow Gedo in. Yeah so at the end you see. Of course we see crease. Taking over over Kai Janis out. Yeah right yeah he kinda swoops in in an forget what lands right or something a handshake agreement with the with the landlord. A landlord doesn't like Johnny. so He's like okay. I mean I guess see him on the beach with his Cobra Kai car as his phone and we see a message from or friend requests from Alya. Yeah after he's thrown his smartphone super proud technology and whether the better scenes of the season season two is where he gets his first computer from the top guy and I. He doesn't even know how to turn it on the pawnshop guy and then as soon as he does understand it he's like just watching eighty stuff. It's like he's discovering the Internet for the first time. This is like watching youtube videos laughing. I like Oh man you should have block that watching like karate fails whatever the computer he gets a windows. XP Computer Yeah. Yeah Yeah. I love that I love the first things he looks up or like Iron Eagle Iron Eagle to like hot Babes. Yeah the whole a really has had like arrested development. He's still that guy from the Now that season two's over where I want to talk about. Where do we want to see season? Three go maybe where. We don't WANNA see Z.. Season Three Go. What are your thoughts? Ruth I really wanNA see Johnny and Daniel team up to defeat crees. Yeah I think they're almost have to conversely all I really want to take down crease. Otherwise there and he's just GonNa continue to work whatever magic. He's doing dark magic he's Eh maybe the Guy from his benefactor from season episode or credit get thrill show laugh and take over the reveal at the end end of season. Three's over there is over vinyl a Daniel and Johnny get together apart apart again. Exactly you know you have to be really conscious of the bands on the viewers on that. Because you can only do that. We've seen this another TV shows. Does it keep doing that. Like who's the WHO's the boss is like a will they won't they get together and then finally in the end. It's like they're finally going to get together. No they're not really. Yeah Yeah Okay now. We're done. Yeah it's just not satisfying because I've seen. It almost happened so many times you like. I don't care anymore. Yeah okay so we want us to Johnny. And we'll get together and take down crease. What about the? What if we bring Allie into the picture already said that we Kinda Wanna see Johnny me with Carmen but with Miguel's injury? Yeah is that even viable at this point. What is Sh- TAT in season one? What she's been doing she's a doctor? So that play into the fact that Miguel has these injuries will they bring her in to help him with his. She's a very I. I'm curious how this will all play out in terms of Johnny and Miguel's relationship now moving forward for a couple a couple of reasons Miguel's mom Carmen doesn't want him to have anything to do with. Miguel yeah also Johnny. Wasn't there for him in that moment right before it went down. What will this do to a young kid? WHO Like I mean? He's basically followed Janis. Were from the beginning uh-huh and now this is where it's left if it's left him in in an altered physical state. You got to do a lot to a teenage kid that was riding so high and now literally crashed yet. So what will that do to. What will that do to Miguel? How will he respond assuming he comes out of his? This church snake is right now. Johnny Basic Your will that do will there be a break between them. You know I don't know and also so to what we really saw Robbie kind of turned to the dark side so to speak. What's Daniels response can be? We don't even know where Robbie is. Now I mean like interesting. We don't know where he is disappears after it. Yeah you're right okay. Well if they don't bring alleyen we don't know I don't know I haven't heard rumors loser's GonNa sign on or if they don't bring her in then you know what we see between Johnny and Carmen and dynamic. They're I think they're I think they're going to pull back a little bit. I don't know what they're planning is but there have been some confirmed things about like going to Okinawa so that Daniel's going to travel to Okinawa in some some form I don't know they start pulling in like maybe he goes back and see Sato. Actually I don't think that actor is still around. I don't know if that's even an option but you could you could maybe His rival in crooked to. Maybe he's seen the light I think it would. It'd be interesting to take that approach and see what happened to that character. I mean like he basically challenged Daniel to identify dual loss awesome. That Andy lost the respect of Sato and his mentor. You know and so like what. Now we have this opportunity to see the Johnny version Of Okinawa. What does that look? Did he flip it. And did he get his honor back as he spent his entire life trying to undo what he did or did you bitter for thirty S. He worse off. Is He the same kind of boat as John. I think that would be an interesting thing. I don't know if they will that way at all or it might be onto something. Maybe he's is going to go to Okinawa to try to rebalance himself. Daniel in back to Mr Biaggi's routes I could see that for maybe three or four five episodes so it's may have no that the whole series will be right and they'll be Nala but I could see that. Yeah because then the problem is if he goes to Okinawa then I I suppose half of each episode needs to be on Johnny. You don't want to ignore one of your biggest character. Spend a lot of time. I don't know how they would write it to you. Get both him and Johnita both hoping. Yeah Johnny really has no reason to go there again that that laser focus like as far as Johnny's concerned Okinawan..
"kai" Discussed on Covert Nerd Podcast
"Then you're solid back literally and then of course I think in season one. They have the mini Gol. Miguel go and they go golfing and stuff. Janis chicks dig culpas. He's not wrong somehow. It always were like some of Cobra. His True Cobra Kai plans always tend to work. Yeah Yeah and they go to golf and stuff even have a little bit of a month. Yeah I think I'm pretty sure they do. That's probably why it works like every good relationship you ship needed. Good montage five montage montage montage that. What do you think? Think Jesse Season One. Who is your favorite character high? You know trying to nail that obviously the original characters are like best what brought me there but yeah I think all the Cobra Kai's at least in the early part of the season like I really. I really dug the character of Asia especially in season one season. Two do not as much because she's more established but she's also like less present. It seems like I really liked Asia in the first season. I really liked Miguel. Because he's he's you're kind of your analog to Danielson and I liked talk initially first season and win uh-huh ally transforms into Hauch Hawk. Hawk when he first has transformation I really dug that and then of course you see towards the end the season. You don't like him as much and that really changes in season. Two and season one hawks I really Doug Hock it really take you on our emotional rollercoaster poster with with Hawk but with Daniel and Johnny where they start to become friends and keep poking at that it kind of annoys me. We'll get it later. Only do that so many times. Be careful with that right. Okay so we got got Miguel and then Jesse you like Daniel Johnny. Of course see. That's a good thing about the shows they have that base uh-huh they bring the old timers in so to speak. Yeah for a while but they really do spend a good amount of time with the young kids. Yeah so it's a good balance I I usually I hate when they bring like new characters into an old series but they did maybe do is because they spent so much time like developing these characters that you actually like them Idle like these characters. Lie My watching anything. Yeah exactly you got the romance. Of course between Robbie and Samantha. Yeah it'd be a little bit of a loved Prime Guy. We Love Asia okay. Well let's pivot to season two so Miguel's els won the All valley tournament at the end and then season two we start to see the romance between Robbie and of course uh-huh buried the lead on how season one end though. Yeah can we talk about the tournament a little bit. Yeah when I. I watched that episode. I was definitely sitting living on the edge of my seat though because since the perspective follows both Johnny an Daniel. You're like I don't know who's going to win because usually when you watch stuff like that you're like yeah obviously Asli. They're going to win like this person. The good guy they're gonNA win but since they're both they're both I guess they're kind of neutral characters because they're both doing bad and good things you say you're like who's going to win. That was funny. Yeah Yeah Yeah Y- you'll conflict it. Yeah that in that last that last episode. The what billy's ABC would Johnny Johnny character does. That's non verbal sound like a lot of his acting in that last episode is played out on his face. Yeah so good I was like Whoa. Yeah how how is he not been in everything. This is such a good actor shows in that lasts. Because I'm just like I'm heartbroken. He's gotten everything he wanted. And yet at the same time his son is is is out with. You know he's going with Daniel so it's like he's gotten what he's wanted and not at all at the same time and then it all culminates when he gets back to his own though Joe and he's trying to process that's is happening and then who's there at the door. Look back to that. If you remember on the first credited movie when crease cells into sweep sweep the leg and he's like giant like Nah. I don't need to do that. Yeah I can. And and in in the talks about I think it was the season as one. We can win but we don't need to win like that. Yeah yeah so he's like I'm GonNa guys to be really tough but we're not gonNA. We've been the leg. We're not going to be but he didn't realize that until they got to the tournaments because he was teaching them like that and then he got to the turn-ins tournament and he's like Oh. This is a good. I shouldn't be teaching seaman. The Cobra Kai Way Cobra Kai but yeah yeah okay the end of the tournament and then we get to season two and we see the reveal. Is there find out. Maybe maybe not. He's not so honest about we don't know yet. Yeah that was a good thing throughout the whole season to like. We don't know the actually yes. We know he's probably GonNa be pun intended. He's GonNa Bite you the Cobra but I don't know maybe he is still busy. Turn all these years. He's been in Grenada. Wherever he was is is in the military? I think like everything else with this show. I think it's a little bit of both. I think he he says that he he loves Johnny and he's trying to do the right thing for Johnny. I think he honestly believes that. That's what makes all the characters here so interesting it's like there's a little bit of good and a little bit bad all of them and in the case of Greece. I think it's mostly mostly bad but I think that there are some good intentions like I think this is you know he's seen a lot of stuff he's been he's a he's a veteran. And all these things down on his luck doc. He's doing what he thinks he needs to do to help Johnny succeed but at the same time he can succeed is going to succeed. He wants to pull up Johnny at the same time. But Johnny's not coming along all right. I got got plans to you. And it's like Oh man his character and we see him. I think it was episode. One they had to fight scene with Johnny and with Greece and I was like. Oh that's been a long time in the waiting. Yeah right it gets beat up to my my crease. Yeah which is Kinda Weird. He's got a DOJ O.. Onnor meeting of a minor parking lot. Yeah a wonder why you got in trouble. They're right yeah how they got kicked out. Yeah no no kidding then you have. I think one of the episodes you had a training out in the forest or scorecards growing. You get all these unique Eric. Ah Stingray Dude. I love cigarette. Good I I know that the Internet has mixed feelings about Stingray but I think he's funny. Awesome everything he's like every he's like fan boy is like no but he's got to get involved in this thing that all the young kids are doing out of place when you think about it at the same time the whole karate kid concept Mr this old old guys hanging out with this old. Yeah you're at Greece hanging out with a bunch of hey johnny and Miguel. Yeah even now on the Cobra Kai it is hanging out with these young kids right. But Yeah I do love Stingray. He's trying so hard and he came to like a high school the Party and he pro like a date. He's doing like old old school party forty Armageddon. He can't get out of the party because he's opened the young man that was that was a good comedy relief. uh-huh kind of dark season from that. You've got the the girl fight dynamic. That's the biggest rivalry of season. Two's girls in the beginning. These all spoiler but yeah listener by now. If you haven't seen you'll watch now you haven't seen karate kid from nineteen eighty-four. We can help you out of season two. What did you like? How do you like the story house? It moving what characters you mentioned Stinger against your favorite characters but what story arc or ARCS. Did you like in a season to really liked that they brought in the original cobras. I like how they handle. Yeah I mean yeah the brought in pretty much everybody the accept Dutch and they they even figured out how to write him like he's in prison like well out of all the guys that would probably go to prison duchess problems the one probably. It's a very poignant and it happened a certain point in the season where things are just you can see where where Janis kind of losing control. He's he's trying to do the right thing and but he's he's trying to do the right thing and too many too many areas like he's out of balance you know he doesn't know this because he's not Maggie don't uh-huh balanced. He's trying to do all these things all at once. And and then he gets a call from the past and you know he goes to see Tommy in the hospital. Yeah and you get to reconnect with all those guys. Those guys give him perspective like you did. What now you reopen Cobra Kai and you brought crease in? What do you think you? What do? Yeah you're right. They brought that episode at a very good point in the series. 'cause he's you're right he's starting blue veer off eating too big make quick. Yeah doesn't know quite what to do and bring back those old the old guys and then they also bring in. Daniel's mom Tom Oh yeah yeah that was a good dynamic between his mom and his wife. Yeah it's like fighting the one thing. We don't ever really see much as his son was like computer camp and sees so. Yeah so so. They're kind of wrote him out a little bit. which is probably okay? Probably don't really know what to do with him. Here's a son that Daniel doesn't really interact. Act Let us know what to do. That was a good good job this year. I kind of forgot about that episode. That was a very poignant than good turning point in the TV services on then on the other side you've got the recreation of Yagi dough visit huge portion of season. Two and kind of. Yeah these these arcs. They create so many subplots. That are so interesting because you. You are rooting for the recreation of Yagi Dough. But it's ruining his his home life and his business or suffering because of it and and Daniels really caught up in the big time season season. Two they're both out of balance. We have the lot of robinhood. Stole the Mr Miyake's Metal Purple Hearts Own Hawk that that actually stolen then robby robby..
"kai" Discussed on Marketplace with Kai Ryssdal
"Inlaws Louis I'm Kai Ryssdal it is Thursday today the tenth of October good as always to have long everybody we say all the time on this program that you can spout a headline economic indicators until you or blue in the face but it's what people are feeling in their economic day to day that really matters and today we can quantify what people are feeling in their economic day to day this morning as does around this time every year the Social Security Administration announced its cost of living adjustments one point six percent is the bump that about seventy million retirees are going to get started in January but as marketplace's reduce your reports for a lot of seniors that adjustment and the way it's calculated doesn't reflect their reality when the social security administration figures out how much more expensive life is getting for seniors it uses data from not seniors based on consumer price next for urban wage earners been clerical workers Mary Johnson is a social security policy analyst with the Senior Citizens League and advocacy group in other words working adult younger working adults do not spend the same way that seniors do seniors simply use more healthcare we all will as we age Webster Phillips is with the National Committee to Preserve Social Security and Medicare healthcare costs have been rising more than twice as fast as everything else so if that's left out of the calculus it reduces the measure of inflation being experienced by seniors so social security it's aren't keeping up with costs again Mary Johnson with senior citizens leak it means that their social security benefit can't buy as much Today as it might have participation years ago a more accurate measure of inflation for seniors actually does exist and sure enough it is almost always higher than the one the social security administer Asian uses this year one point nine percent versus one point six percent but switching over would require an act of Congress Dean Baker is at the Center for Economic and Policy Research you have a lot of people in Congress more anxious to see spend more on security they'd rather use lowered measure given what is going on in Washington this is kind of the last thing that Congress wants to be fighting about right now in New York I'm sure for marketplace a brief trade interlude here if I might very brief started again today in Washington China's lead negotiator meets tomorrow with President Trump who's tweet on the subject this morning read as follows big day of negotiations with China they want to make a deal but do I make of that what you will this is an interesting week out here in California electricity it seems no longer be taken for granted something like eight hundred thousand households and businesses could be blackout for a day or days there's a whole lot that's not quite certain about this but the is the number of months ago regulators lawmakers and utilities agree to what are being called Public Safety Power Shut offs in areas where high fire conditions crop up and that is happening this week California had six of the ten most destructive fires in its history in just the past three years and while climate change is yes a catalyst down power lines other electrical issues have sparked most of those fires pretty much everybody is unhappy with the shutdowns but as marketplace's Ben Bradford reports they are a particular challenge for low income household it's the lights are out in Sonoma's county at an affordable housing complex managed by the local Saint Vincent Depaul Chapter Executive Director Activists says some of the struggles facing his low income tenants were eye opening those little things are just that much more difficult he describes a disabled former construction worker who struggles to move around his apartment he did not have a disaster preparedness kit he didn't even have a flashlight to be able to see how to go from his bed his bathroom and he couldn't have afforded them anyway advocates say working families have their own Challenges Susan Cooper's nonprofit runs local headstart programs offering meals and education for more than four hundred children had to close because most of them are located at schools and the schools are closed you know so that kind of leaves our families with they work they have to stay home but moving up the income ladder Marcie Roth at the Partnership for inclusive disaster strategies says unplanned outages Create Financial Stress Average family doesn't to have an extra four hundred dollars for an emergency situation like stockpiling food and medicine or for people connected to medical devices moving to another location Roth says power shut offs aren't as bad as wildfires earthquakes but they are in a way kind of disaster loss of power is something that emergency preparedness should be focusing heavily on one challenge I state and local emergency planners federal aid is available for actual disasters but not when utilities voluntarily shut off power to prevent them for marketplace shares of General Motors jumped a percent and a half today on news that see you Mary Lara had a face to face meeting yesterday with union leadership no reports of what the substance of that meeting might have been but investors liked that had happened nonetheless same for the substance the trade talks actually no sense of that but investors like that they're talking we'll have the details when we do the numbers.
"kai" Discussed on Marketplace with Kai Ryssdal
"I'm Kai Ryssdal one of if not the big threads at your policies to the American economy besides trade it is what's going on in the rest of the world slower growth in China for sure but also Japan and Germany lots of places in Europe actually so central banks elsewhere have been in cutting interest rates cutting so much that rates are actually negative so Evelyn Orley from Cardiff California one is no whether interest rates might go negative here as well all marketplaces Justin. Who has that one the idea that you'd have to pay a bank money for the privilege of depositing your money? There honestly sounds insane negative interest rates. The concept is really something that makes your head spin. That's Torsten S- lock chief economist at Deutsche Bank. He says a quarter of government and corporate bonds around the world world have negative rights Timothy Dewey's economics professor at the University of Oregon the ideas you would get consumers instead of parking their money at the bank. Would we'd have to park their money into other affects. Central banks use negative rates when there's a recession or when their economies are just week Japan and Europe come to mind but here in the U._S.. The economy is fine says Greg McBride at Banchory The U._S. economy is definitely the best house bad neighborhood McBride says interest rates are still pretty low though in recession hits and the Fed has to cut rates further fed only has so much room they can maneuver with interest rates before they get down to zero still still he says interest rates would have to go far below zero to start affecting regular savers even in Europe. It's mostly big institutional investors paying the deposit money but says if rates keep falling below zero people might withdraw their money from the banks and why wouldn't you. Why should I have my money in the bank with you? When I I can put it all out and put it in cash so keeping your money under a mattress isn't.
"kai" Discussed on Marketplace with Kai Ryssdal
"Com i don't mean to alarm anybody really i don't but this is actually a serious question what is going on with this economy from american public media this is marketplace in mid loss angeles i'm kai ryssdal tuesday night july good as always to have you along everybody solo cure is a thought what if we have come to a place in this economy where the rules were figuring out what's going on what's pay attention to and what interactions to look for what if those rules don't apply anymore because that's kind of where we are and there are decisions to be made about where we're gonna go economy wise mueller when rights on the economy from the new york times in the upshot he had a quick series last week on exactly that topic this economy where it's going what the makeup of nails could talk to you again thanks got the through line of this a trilogy i suppose you did last week a was it it it's really hard right now to make a definitive statement of where this economy is yes yeah i think that's fair you know we've had this ten year expansion longest on record the unemployment rate stays extremely low by historical standards and yet at the same time we're not seeing evidence economy's really bursting at the seams way you would expect it to with a three point seven percent unemployment rate let me pick an example or two you wrote about a the yield on the ten year treasury note which we talked about a lot on this program a n v burgeoning deficit and how they are not doing the the the yield on the ten year is not doing what one would think it would do at a time of rising deficits and debt yes so he went from i'm a relatively small deficit soon to twenty fifteen to quite a bit larger ones today and yet the long term interest rates have fallen not risen so the old story that we all learned in certainly i learned in college that the reason you don't want deficits is because you'll get crowding out and that means that the government bars all this money it forces up interest rates and that means there's less money available to the private sector for investments that's supposed to be the entire story of wind up such a bad and it's not what seems to be actually happening in the world we're living in today how is this playing out in the land of of economic policy both fiscal what congress is doing the president's doing and what the federal reserve's doing with monetary policy i think it's making a lot of people rethink what we know and you know in this world with a global slump global slow growth a demographic change global abundance of capital maybe in that world you don't really have to worry about crowding out maybe in that world we don't have to worry about inflation rising just because you unemployment rate is low and that really raises profound questions about whether we've been making policy wrong all along and what it should look like in the future here comes and admittedly oversimplified a lay person question goes like this look neil this is all great but were adding jobs to beat the band in this economy there's basically no inflation i've got a job what's what's the problem and why do we have to worry about what the feds doing in what congress is doing and why this doesn't make any sense look i think that's a fair view this is a pretty good economy i think the the risk is that we don't have a lot of wiggle room if something goes wrong the fed doesn't have earned cut rates in a in a recession the way it has historically starkly and moreover it suggested maybe we could make things better yet you know if we a you know maybe if there was more physical you know he took advantage of these low rates to a do interesting things with a with a with a federal treasury maybe you might end up with an even stronger economy economy higher wages in an environment where more people feel really connected to the economy or maybe not right i mean who knows maybe or maybe associates for future crisis maybe in fact all these traditional historical forces will kicking eventually were just not there yet and we need to still be cautious okay all of that then in summary let me ask you what we're gonna hear from jay powell who speaks before congress tomorrow and thursday i suppose a just because of this does seem to come down to what is jay pal thinking yeah i think a i think what will hear from him and similar the you're point just a minute ago hey inflation is low the job market strong a stop complaining this is this is a pretty good situation at the same time i think you know looks like they're probably gonna cut interest rates perhaps in a few weeks maybe a maybe maybe a little late in that i i think he'll frame that is he a risk protection insurance rate cuts in case some of these signs of a global slowdown really caused more damage deal us economy i think he wants to get ahead of any potential weakening in the global environment mueller and conversely economy me a large for the new york times he's also got a new book out about which we spoke on this program is called had a win in a winner take all world no thanks a bunch of pre shit coming in thanks much time jay powell on capitol hill tomorrow and thursday as i said that's gonna be some testimony to watch on wall street day they were mix mine actually about what the fed chair is gonna say will have the details when we do the numbers were talking a little bit.
"kai" Discussed on Marketplace with Kai Ryssdal
"I'm KAI Ryssdal. Turns out there may be a whole bunch not to like about the light buttons of the social media world, mental health professionals and child advocates say the drive that a lot of kids have for validation popularity on Instagram and the rest of them can lead to exile and depression, low self esteem, as well instrument itself, which public service announcement here is owned by Facebook gave a nod to that not too long ago when it said it was going to experiment with hiding those light counts on some posts marketplace Mitchell Hartman dug a little bit deeper on the like problem. The like button is an integral feature of Instagram allowing a user to give a click of approval to a picture or video that someone has posted counting likes can turn into a popularity contest. And for kids, that can be a problem says Dmitry Kristaq s editor in chief of JAMA, pediatrics children, compare themselves to others via social media, and that can lead to feelings. Of inadequacy social isolation and depression and anxiety. Christoph is says more research is needed to prove these connections and test of sorts is now being conducted by Instagram itself for about eight weeks. Some Instagram IRS in Canada have only been seen the number of likes on their own posts. An Instagram spokesperson said the company's CEO is bullish on the results so far, but offered. No other details Pamela Hearst Dellape's tra- of the group. Children and screens called on Instagram today to ditch like counts altogether where United States users, and not just as an experiment amassing likes allows Instagram influencers to attract advertisers. But CF RA analyst Jon Freeman says he wouldn't be surprised if Instagram does deemphasize likes going forward because people are gaming the system from the advertisers expected Gernot interested in the number of like they want. Rich. Data, not just likes strong dislikes. And those this came from Pennsylvania Freeman says moving away from likes could also be away for Instagram and its owner Facebook to appease critics who are concerned about how social media affects young people. I'm Mitchell Hartman for marketplace. Aren't too many American companies more conic.
"kai" Discussed on Marketplace with Kai Ryssdal
"George Foley, Mr. Boyd KAI Ryssdal in Los Angeles, sir. How are you? I'm good. How are you today? I'm well, thanks. You've got a couple of minutes. Yeah. So we were there year ago data Columbus has it been since it's been very busy. It's been very busy. You sound tired. It's been so busy. I think we're all we're all probably feeling it a little bit. I used to we're finally getting a place where we can catch our breath of. Yeah. But from from about the time you left last year things just really kept booming forward. And so we had our busiest sales year ever. And I think work, more overtime and experienced maybe more challenges than we've had recently talked me through the challenges. Then I imagine while I mean, probably workforce is one of them Ryan. Yep. So workforce is certainly a big challenge. And as you're trying to as you're trying to find people to get in until you find the crews that you need the number of heads that you need you wind up stretching your your current shift arrangements. And so we wound up with guys working long shifts and Ben adding days of the week and unfortunately a lot of last year was was more six days than five days and, and more than a few instances. Seven days and that's, that's a hard way to run. Did you find any of the, the trade brouhaha is, and we're has that impacted you at all? No, I wouldn't say that we've seen we certainly haven't seen any slowdown as result of that. If anything we've seen, you know, business get much stronger. It's been interesting as our industry ran out of capacity during this last year. And it was generally that was kind of where we were. That's actually hang on a minute, because that's quite something right? They're running out of capacity is not a thing here about American manufacturing much anymore. That that's right. Know I it was, I think it caught everybody, I think the, the suddenness of the growth and the impact that the head on the supply base on everybody by surprise in terms of impact trade to. I mean, we've got as the continued issues go on particularly with China customers that are more inclined now to think that the climate may be changing on trade as opposed to just whether Boeing through. Yeah. Yeah. So you know, because if it's just a it's going to be just a short little storm. They'll, they'll keep their supply chain stretched. But if they realized. This is kind of the new normal. They'll start the resource stuff. And so we're certainly seeing them. Are you reassuring? Yeah. Nafta in US MCA at planning your plans at all. I mean, let's get away from the from the China stuff. But you know the, the North American trade talked to me about that. A lot of the products that we produced ones have going to assembly plants in Mexico, and then brought back into the United States for sale. So, you know, it's important for our customers for, for them to have a good supply chain that allows that to happen without much interference. We're certainly happy to see some of the improved American content requirements, that were part of the new US MCA, so imagined the congress will get it. But through this that we could get that back on track. Tired as you are. Are you hopeful and confident? Yeah. The remainder this year looks really good. And like I said it it's been nice as we've turned into the new year we've been able to get some stuff done to get ourselves in a better position to take advantage of this increase volume of business. So, so we're tired, but we aren't weary. Right. And so we, we've got a good bit of the race left run. So we see continued strength through this year. And in the beginning of next year, George boy junior, he and his family run a foundry down in Columbus, Georgia's called Golden's foundry.
"kai" Discussed on Marketplace with Kai Ryssdal
"That's indeed dot com slash marketplace. Honestly, when I saw the jobs report this morning, I thought they had dropped a zero what twenty thousand new jobs tells us about this economy from American public media? This is marketplace. In Los Angeles. I'm KAI Ryssdal. And his Friday today, the eighth of March good as always to have you along everybody. It is a rare Friday indeed when the first item on this program is not five or maybe six minutes of analysis of the big economic stories of the five days gone by it is also a rare Friday though, especially in the last couple of years when we get an economic indicator like the one we got this morning one that makes you go. Wait, what we speak here, of course, about the unemployment report for the month of February during which this Connie added just twenty thousand jobs one hundred and fifty thousand fewer than the experts had been guessing and we've been adding just for some context here ten times that number on average past couple of months, so marketplace's Mitchell Hartman spent some time today on this question. Just weird data or economic end of days. Here's Mitchell the economy added more than three hundred thousand jobs in January in February job creation, basically flatlined. It was like employers hid under a rock. My initial reaction was wow. This is terrible. What went wrong Brad McMillan at Commonwealth financial network. It raises the fear that businesses of all of a sudden decided that things are not as good as they've been and they really need to cut back on hiring..
"kai" Discussed on Marketplace with Kai Ryssdal
"Month two months on after breach is a great study in market pricing. It's insane. It's it it's really an industry. Right. I mean, there's a business model. There are many business models here. Right. But but certainly it works, and it's an active in viable marketplace. Absolutely. Is very much a multi level crime. So there are people who build a markets. There are other people who go out, and they steal the information. That is sold there. They create the malicious. Code that this old there or in the case of other illegal goods drugs. They get the drug somehow, so they are actually companies right? I mean, it's just you using that there are people who create the coat, of course, there's some computer programmer out there who works for. I'm just going to pick one of these, you know, celery dis your bitcoin fraud or right? And so bitcoin fodder employs some coder to write the ransomware code that. He can then turn around and sell on dark web. Yes. It's a jobs machine. You're correct. That's absolutely, right. Yeah. And then working up level. The the the platform itself dream, marketer, whichever one of these dark web sites. You go to that too is an enterprise there are people there who hire coders and do I don't know of quality assurance is thing in crime, but one imagines that they do some kind of quality assurance on on the products to get listed. So you don't get out of business for through a bad reputation all of that stuff. And in fact, there's a whole advertising side to it as well. So if you ever want to. Pursue this line. Of inquiry of of employment. That's very colorful part of the market because banner ads for credit card theft tend to be quite extreme, man. All right, Steven, I gotta go well, sir. Thanks very much for this. I appreciate it. Just be sure to wipe you computer. I should tell you that the IT guy standing right here about to take it out of my little hand. Thanks. That was great. There is a whole lot on the dark web. We can't show you on a family friendly homepage like ours, but we do have some screen shots, including some of those banner ads that Stephen was talking about. It's all at marketplace dot org. I don't own on the way out today, which comes from congressman Ralph Norman Republicans, South Carolina, the twenty seventh amendment to the constitution, the United States that in case, you don't remember is the one that says in here I quote, no law varying the compensation for the services of the senators and representatives shall take effect until an election of representatives shell have intervened. So no congressional pay increases or cuts until there's been a congressional election. Congressman Norman, however, has pose an amendment that would qualify that restriction. It would be number twenty eight by the way, where it ever see the light of day, which probably won't quote, a Representative or Senator may not receive compensation with respect to any period during which a government shutdown is in effect and of quote, I mean it sounds fair. Right. And I should point out here that Senator Mitch McConnell leader. Republicans in the Senate said today, the shutdown could go weeks. Are we gotta go down up eighteen today less than ten percent? Nasdaq added thirty that's four tenths percent isn't P five hundred found three points. One tenth of one percent. Sarah air, Jake Gorski, drew justed, Jeff Peters, Dan Powell, Daniel Ramirez, Charlton Thorpe, and Ben tolliday engineered the broadcast for us. I'm KAI Ryssdal. We will see Marvan. This is APN.
"kai" Discussed on Marketplace with Kai Ryssdal
"Have you ever wondered and come on? I know you have where your credit card number goes. When a big company like target or Yahoo gets hacked chances. Are it winds up on something called the dark web, which explains how a couple of weeks ago, I found myself in this very studio waiting for my guided tour of that very same dark web? Okay. So go so here, I am sitting in front of a a not regular marketplace lapped up. But clearly some special thing that the guys said, yes, you can mess around on the dark web with this thing. So so what do I do? Right that. Right. You heard there came from Stephen Cobb. He's senior researcher at a cyber security chemical e set and the reason by the way that I'm using a non marketplace Abreu laptop is because you can't just Google yourself onto the dark web. And even if you could most corporate firewalls like say, ours wouldn't let you so the first is to download a different kind of web browser. So the tool browser is a modified version of fire FOX, it's widely use the by NGOs around the world who are. Trying to remain anonymous. Right. And the reason I wanna stay anonymous here is that in theory where I bad guy. I would be going on the dark web to do nefarious things. Yes. Just just to be clear if you are serious bad guy would probably also be running over what we call a virtual private network newbie running a really good piece of security software. But basically, you would you would use the search engine, and you would search for dark markets. So so the search engine here is what I mean. It's not like, I'm using Google, right? Or am. I I don't even know you're using a search engine a very legitimate search Engine cO, go low down the screen. You can see the little icon of the duck. And it's a search engine. That's built with privacy in mind. We're still in legitimate tariffs guy here. I promise. Nothing bad will happen when hit return here. Dark markets and just like on the regular web upcoming bunch of search results one of which is basically a dark markets user guy. Markets top forty three daily updates. Yes. All right. I scroll down to one that Stephen Cobb has used before it's called dream market. Yeah. Go for the URL. They're all right there. Okay. He gives me a username and password. Look, they've even got a little forget password thing here. There's one of those little capture tests to a bunch of squiggly letters numbers. You have to read to prove. You're not a robot. That's g I'm gonna guess that's g I was wrong. It was a nine, but we got individually. All right dream market here. I am. Oh my goodness. Yeah. You see browse by category digital goods, drugs, drug, paraphernalia, services and other. Right. So let's go shopping for digital goods k sixty one thousand two hundred twenty one of those. All right. So you can filter. Yeah. You can see we've got a riot of things here. The may be some nudity and profanity or maybe well, Western Australia. Licensed scans Cabello new drivers license pictures, utility bills credit cards. All right. So what what should I click on? Because there's you know, there's a lot of stuff here in the search text. Yeah. Type the word dumps DM PS dumps are the way that stolen credit cards packaged for resale. All right. Am I I'm applying filter here? Go for it. Okay. What we're looking at is your ability to buy stolen credit card data. Yeah. Sure. Here's a look at this. Fresh dumps the way that these are sold is sometimes as random groups of the times, they're categorized down to zip code or stating. So so so it's I've I've got a pup screen here. Right. And it says credit dumbs random bins top-quality gives you the vendor. Name ships to worldwide ships from.
"kai" Discussed on Marketplace with Kai Ryssdal
"The British export is our gust pharma's have joined the chorus of disapproval. Thout a deal livestock produces face tariffs of up to thirty percent. On exports to continental Europe Minett batters of the national union of farmers Bush's farm as it is a complete catastrophe to leave the EU with no deal and amid chaotic scenes in parliament, the same message from the leader of the opposition. Jeremy Corbyn deal would be disaster of rock country responsible government would ever allow it. Both lawmakers agree but hotline Brexit, TIs do not Joan Longworth of leave means leave says the UK government should have prepared for new deal at the outset. A basic rule of all business Nicosia, no business person would ever going to negotiation without being prepared to walk away from the table. And he says walking away is a credible threat when the E U cells much more to Britain than it buys, the UK doesn't need the European you. Ian, how as much as the needs the UK three quarters of a million German jobs, for example, depend on exports to Britain long with message to the Brits ho-jo nerve leave the EU without a deal, and then we should offer the European Union a free trade arrangement if they wished to take it. But Britain's five main business organizations dismiss that lack of concern as fool holiday fear of crashing out of the EU without a deal is now the dominant emotion here in London. I'm Stephen bid for marketplace..
"kai" Discussed on Marketplace with Kai Ryssdal
"Two thousand nineteen the dollar the greenback did pretty well against most other major currencies last year, but a lot of foreign exchange. Analysts are predicting a weaker dollar is on the way. Marketplace's Tracey Samuelson explains why the dollar might weaken, and what that might mean for American companies and consumers before we forget our old acquaintance twenty eighteen a quick look back. US economic growth was strong. Investors knew the Federal Reserve would continue raising interest rates widening the gap between interest rates in the US and the rest of the world. Scott ran is an equity strategist at the Wells Fargo investment institute, he says in two thousand nineteen the Fed's going to be not doing much Warren terms of of rate hikes while the rest of the world hasn't really started. Yet. Those higher rates money tends to flow to a higher rate type of an environment. As says, it's like that hockey metaphor investors want to go where the puck is heading not where it is now, which means the US dollar will that's much sink, but drift l-. Lower in two thousand nineteen not everyone agrees Seve Hanky is a professor of applied economics at Johns Hopkins. He thinks the dollar will hold steady maybe even climb and that's because. Game. When you look at exchange rates and relative to Europe, the United States will look strong, relative to other countries to like, China, Brian Nick investment strategist at Nubian says the strong dollar has been good for US consumers who buy things with their dollars on the flip side of your business. And you're trying to sell overseas is stronger dollar is not your friend because when you're counting those profits back into dollars from whatever currency, you earn them in. They're worth less to you. So those companies will benefit from a slightly weaker US dollar Nick says on net. So we'll global economy a weaker dollar also benefits foreign countries and companies that have borrowed in dollars. I'm Tracey Samuelson for marketplace approach. We didn't plan it this way. Oh that we had. But after the close on Wall Street this afternoon apple announced it's cutting its earnings forecast for its most recent quarter, the one that ended in December. And here is what I'm telling you this first of all in line with Tracy story about the strong dollar apple. Said this. We knew the strong dollar would create foreign exchange headwinds and forecasted this would reduce our revenue growth, and of quote, which it has also to Scott story about China and its slowdown. Apple said this most of our revenue shortfall to our guidance and over one hundred percent of our year over year worldwide revenue decline occurred in greater China across iphone MAC and ipad end of quote, it's kind of wild right? We tell you about stuff, and there it is happening in real life on Wall Street today as I said, my favorite five syllable word vol till it t-. We'll have the details when we do the numbers. Lest you thought we've forgotten there is number five on the economic watchlist for this year. And it's spelled B R E X I T Prime Minister Theresa may has until January the fourteenth convinced parliament it should approve the deal. She made to take her country out of the European Union. The problem for MS as the most parliament hates that deal. But she does have not so secret weapon, which is that of parliament doesn't approve her plan. The default position is the Britain might leave the EU come the end of March without any deal at all. And as marketplace's Stephen beard reports that is unsettling a whole lot of Brits. The pulse of Dover on the southeast coast of Britain ten thousand trucks a day pass through hit to and from continental Europe without a trade deal by March the twenty ninth. Most of this traffic would have to be checked and nightmares as John James who runs the polls largest freight handling company stock cargo having a no Brexit in stopping on the twenty twenty ninth will be omega frost ham, opponents of Brexit of long wound of gridlock at the ports with massive delays. And Brexit is of long dismissed that as project fear is not project fit. It will become reality on that frightens all of us, including the UK government. It's put.
"kai" Discussed on Marketplace with Kai Ryssdal
"In Los Angeles. I'm KAI Ryssdal. It is Wednesday today. The second of January good to have you along on this first business day of the year everybody and to that end. In fact, a couple of reminders here about the macro economic state of play as we get back going after the holidays. First of all volatility. It is still here with a vengeance down dust. Swung three five hundred point range today before finishing basically where it started number two and three are kind of a pair. Adam to the global economy is still well, soft is a good word. I'd number three the US China trade war end its discontents. Put those in that order because when you roll them together, you get this data out of Beijing today that the Chinese manufacturing sector is actually contracting. New orders have fallen for the first time in two and a half years. There's lots going on in the Chinese economy, of course. But given that countries big and growing place in the global economy. It is worth asking whether the people running China's managed economy can manage their way out of this one. Marketplace's Scott Tong once upon a time. Our former bureau chief in Shanghai looked into it. Economists in China's say the manufacturing shrinkage there is due to slow orders domestically and overseas. The trade war which began in July with US tariffs on Chinese goods as Americans buying less from mainland, China and more from other countries like Vietnam, so says supply chain manager Rosemary Coates at blue silk consulting in the past twenty years. I've never seen a slowdown like this. I don't think there's been any kind of mass exodus. Like, we're seeing now factory blues are contributing to a broader economic funk in China growth has slowed from nine percent to six or so the past decade at times like this aging often intervenes in what some call. It's state capitalism model how Yasha. Quang teaches business at MIT. There's no secret to it. It's basically that the t the government has this massive ability to mobilize debt competences support pet projects as in highways airports, condos Chinese policymakers could do that again this time, but to Hong that's a short term sugar high consultant Daniel Rosen at the rhodium group says a government heavy model worked when China was poor. Now, it's middle income. It's no longer suitable to have government come along with a big infrastructure investment plan and expect that that's going to carry things through. It's on the backs of nearly one point four billion Chinese now. In other words, China needs consumers to drive its economy rather than government planning, but that transformation will take time and for now Chinese factories waiting for that are struggling on Scott Tong for marketplace. Here's that him number four in the things to keep your eye on list..