35 Burst results for "Real Estate Developer"
"real estate developer" Discussed on The Vance Crowe Podcast
"Look in so i use a jewish community because we can look at Parts of st. lois like look at use anywhere. The synagogue is that you know they they they circulate that business insider that community for very long time we look. I say that the dollar stays in their own averaged. Years will in african african american community again very segregated here in say louis city. The dollar stays in circulation about forty eight seconds because there are business owners that are able to put that in place now. We have plenty of you know they call. Terms is going around a lot right now it's economic development and people are really trying to ramp it up and help help minorities black and brown people get access to Either financial financial backing loans. And and get them. Get them brick and mortar up and running in these communities to start creating these ecosystems but it has to be asked to be a all hands on deck from a three tier approach. Right we have to talk. You know you brought on my own personal story about gun violence. We have to do something about public safety first and foremost But i i don't think but my thoughts behind it is if you focus on the housing and gay people quality housing because everybody doesn't want to be a home owner. You know. I know that's the only way to get to to get a wealth. Is to home homeownership. But everybody doesn't want that goes with a lot of responsibility that i just is. Don't think the some people in our generation are made for nowadays But then the next piece is making sure people's basing these are met resources and once you do that now. People are starting turning on. What is that you actually want to do. Is this something we could do right here in this community to make it to to make it feasible and sustainable inside of this ecosystem I one of my mentors told me one thing. We believes that every community need is a hub. We know we need that hub so we can have these hard conversations and then start these think tanks and draw that attention you know I say this. I say is coming in a coming from a very low income community. You know i've been privileged enough to own a few rental properties. My neighbor owns a few rental properties. But no one would even believe that there are real estate developers and investors. Right inside of this community But if we concentrate the in our community outside communities we really start to have the transitional change at one community at a time. I think there's some of these institutions. Have a great approach to wash u. Has done a great job in in the forest park southeast neighborhood and how they've created a corridor that meets their basic needs and also drives revenue from outside communities..
"real estate developer" Discussed on The Vance Crowe Podcast
"Being the same thing is as religion in politics and maybe it's the ultimate religion and politics put together because at the end of the day. It is faith right. You have faith that this thing you're putting into your arm is this thing and it also opens up doors and it lets people okay. If you've done it and you're willing to prove it to other people now you get access to all of the community. What do you think over the long term the community. You're in the fifty percent that aren't taking. Is this a permanent thing. They're not taking it period or is it a. We'll wait and see what do you how do you see this plane. So this is strictly off assumption and opinion so it's not factual but i will definitely i will say that based off of the people i've talked to him i community and other communities if they haven't gotten vaccinated they probably won't You know at this point. You know the even more you know right now what we're seeing lotteries and incentives to get vaccinated then just draws more red flags for people say did i. I think that's like oh. You like really though i mean i had. I had a neighbor. Tell me just recently. It was like nobody's ever given me anything and all of a sudden. You wanna give me fifty dollars just to get a shot and it was like not like i don't trust it so it'd be it becomes it becomes those type those conversations and i just let them if they want to open up about it. I don't even talk about my status with people Just because i don't want to get into that conversation So i leave it along. But if people want to open up to me about it solely fine i'll i just do the. Yeah not thing okay. But then the day and of course everybody advocates for not getting it or getting it depending on what choice they made. But yeah i i again. I thought it was kind of a lack of better words. I i thought it. I thought it was thought it was kind of questionable to when people start. You're trying to centralize things to entrust the group. Right is like we already don't trust you as a collective group. Now you wanna give me money thinking that you could buy me into getting vaccinated like whoo like. I will raise eyebrows to if i if i was coming from their perspective. When you say like the they don't they already don't trust the powers that be you the government. Tell me a little bit about that. I mean so. I think looking at going back to where we started off talking to me and been working until in this blighted area around community development You know that's that's not by mistake as design know we. We're working in the community. Just north the del mar and in a community for people. That don't know. The del mar divide is kind of where they say is like the poverty impoverished line is north of that and south of that is where you have the wash us and the sloughs and the universities in the hospital systems and everything. And so if you go north of delmar. That's just kind of a you know i don. I wouldn't compared to compton but something you know you're going going north somewhere actually. I'll to competent. Actually if you look at the housing market. I know the cost of living living significantly cheaper. Is i lose. It is in la But you know So view north of delmar household median income. And i don't quote me on a new census but lassus came out household income. Was seventy thousand dollars. You crossover del more south of dillmore. Any immediate income is like one hundred eighty thousand so it was more than double that piece. You know the the price of your house. North north of delmar is around sixty thousand dollars a price of a home south adele..
"real estate developer" Discussed on The Vance Crowe Podcast
"Local community worked at the summer camp. They always needed additional hands on dick at the at the rec center and it just for some reason i left. They're happier than any dollar amount. Had ever made previous so that part. I said this must be it. So i know when i call some of my old friends and i was like i think i might be going to social work. Do some stuff with some kids was funny. When watch for instance. I could've told you that. And he's like you know we used to call you the counselor highschool so it was. It was like you know it's funny. How those natural progressions almost brings you back around full circle later on in life and i think that's what happened for me. You know what i saw. When i was there was kids would go from like happy playing great time. Laughter to instantaneous. It would seem almost that they would get into a fight or they would be ready to throw down like on the scale. That if when i was a kid you you would least see this progression lead up and it would. Maybe only happened once a month. Maybe once every two months but this was happening like multiple times a day and one of the conclusions. I came to but i'd be very interested in hearing perspective on. This is a lot of those kids. Didn't have the language to describe different emotions. They were feeling right so they had. I'm angry they had. I'm embarrassed right. And maybe he didn't even know the word embarrassed but they would feel that right so they were feeling this range of emotions but they only had instead of having a dial where they could change it or check check different dials at the same time. It was very clunky. It was happy angry. Happy embarrassed and that seemed to me to be something that i don't know how you resolve it but it seems something to do with language. Not definitely i think is even more deeper than language right because at the end of the day What you're talking about is a spectrum of emotions right and so they can only.
Stocks Drop the Most Since May on Worries Over China, Fed
"Hi Mike Rossi a reporting stocks dropped the most since may on worries over China and the fed worries about a potential collapse by Evergrande one of China's largest real estate developers and the potential ripple effects across markets sent stocks tumbling on Wall Street Monday the markets are also worried the federal reserve may pull back its support for the economy the S. and P. five hundred suffered its biggest drop in four months falling over seventy five points or one point seven percent to four thousand three fifty seven seventy three after two weeks of losses the S. and P. five hundred is on track for its first monthly decline since January the Dow Jones industrial average briefly dial nine hundred seventy one point fell six fourteen to thirty three thousand nine seventy the nasdaq fell three hundred thirty points or two point two percent losses mirrored drops in overseas markets hi Mike Rossio
"real estate developer" Discussed on This Week in Startups
"Go get that one thousand dollar credit at odu dot com slash twist that's od. Oh dot com slash twist odio dot com slash service. So now block has after doing a couple of projects and we'll talk about one of the phoenix rising one in auburn washington. In a moment you said hey instead of selling developers who would then get this massive equity value We're going to become a real estate developer in addition to making the modular homes and the modular home system. Yeah and i think part of that is also so mico. Ceo nelson you know. it's also a mindset right. nelson's been a developer for thirty years. There's a perspective that you have is developer. When you think about you know the buying the build and then owning the build financing to build paying taxes on the build getting rents on the build the economics of that dwarf the product sale and so looking at what would it mean to design and engineer and build a product that the first time we look at a site. We know that it'll be approved. We know how to how perform and we know what it's costs will be is sort of something that's never been done in the industry before so having having that engineering done upfront and available in three d. connected to our earpiece system means that as a developer. We have an advantage that no other developer. possibly have. Because we've basically vertically integrated the process and taken to your an original analogy the idea of building a car in your driveway every time. It's not even it's not even that it's building a different car every time and so even even if you have the same car and you sent to everybody respects and he said here's what it is you can build it. Here's what the cost of it. It's like saying to someone. I'm not going to build you a car. But i'm gonna tell you that there's something called a car and then you're gonna have to figure out who you're gonna work with to engineer all the different parts of that car then figure out who's going to supply you with the parts to build it. It's a crazy process so by getting all that engineering done upfront. It gives us this position as a developer which was mentioned before nelson having that perspective when you think when you think about how to develop real estate and then you think about the input of the construction process. It changes all the thinking on the product development side so the product that you would develop to go and sell to developers. You're trying to think about you. Know what is the pipeline of sales. I can get that. Developers will purchase developers. Aren't looking for you to actually make a whole bunch of innovation or create new analog intellectual property. They're just looking for a commodity input. That's why it's always kinda struggled in that space. So the other thing that we had to do in our our projects including the phoenix rising project. It wasn't just doing the build of engineering. The building getting it approved also all the process of being a vertically integrated developer. lot of. that's contractual. So it's like how. How does the flow of risk work. How does the work. How are you transferring. Ownership of this project which part of the business does the build versus which one develops the real estate. So it's a sort of comprehensive business model as much as it is a sort of innovative Product so we did the phoenix rising project for one point. Five million dollars The floor plans are two hundred eighty square foot studio a three hundred forty square foot one bedroom all made in our factory we shipped it there For i think about one hundred and twenty five or one hundred fifty adore hundred. Our hundred twenty-five door people can work tehran Price per square foot. Which i know you don't you're reticent to talk about Let's talk about who this was built for. Who's living in the impact. It's having on that community. And then let's talk about the build quality of these because the thing that i was amazed at when i visited the factory Which with mitch. Kapor who's also on the board and investor in the company was just the the the quality of the build and what you're able to do in terms of energy efficiency and higher quality. So start with either one. Who's living there or the quality level and what innovations. We had an in that version of blocks. Yeah i think that so. A lot of it with with the phoenix. Rising project was honestly if we were not a vertically integrated developer. The project just never would have happened because a lot of a lot of the alert alluding to at the beginning you know the way that the market works. Both refundable and market rate is very complicated. So there's a lot of complication as to like how something goes from being a piece of land that on which it's legal for you to build something to having something completed that people are paying to live in and how they pay for it. So for instance for the phoenix rising project if we were a traditional developers the traditional not for profit housing is developed usually develop through low income tax credits. Right and so low income tax credits. Legally the only way that you can you can go out and submit and rfp to build something if you're a modular builder. You're you have to legally sell your to a partnership that includes an architect the general contractor developer. So that's how it set up so the state state of washington had allocated some money that they wanted to try some different things with. They called it their innovative housing fund and they had allocated a small amount of money and they said we want to go. Try something different if they had put that out to tender. If they had just said you're going to give this up to the county the county is gonna put out an rfp. We would never be able to apply for that because we're not under the umbrella of an architect General contractor which means you know. We just wouldn't do it that way. So we had to work with the senator to have the money funneled through direct appropriation. So we said to the senator. We need you to say that this money is going to be appropriate for this specific project if you can do that. The legally the money's attached to that project then we needed to provide the contract structure. So that the not for profit who owned the site that was legal to build on could contract us to deliver it as a design build vertically integrated modular developer basically. Was you know we gave them a cost and a schedule and all the risk was on us. We said look. We're going to deliver to you at this price on the schedule. Your taking no risk in this. You're going to draw down the money from the state when you draw down from state you're gonna pay us. That's the nature of the contract. So it's it's Really difficult to actually find sites. If you're developing a new building system our new product and you're going through these rounds of prototyping one of the most challenging aspects is to actually be able to find sites that you can build on because traditionally if you have a factory it's not all kinds of developers will come to you and safe. You can build it for me for this cost. I'll give you two hundred unit project to go build right and then you've gotta go figure it out and then you actually don't develop that much product innovation because the projects do bagan in the end. You probably do some framing. And that's enough innovation at that stage and then you're locked into that. Because that's what the market wants you to build so the phoenix. Rising project was a huge success in that we pushed it through from both regulatory and a finance perspective which was probably the more difficult aspect of what we did. So the people who are living there. phoenix rising is run by a group called valley cities in valley. Cities is a not for profit that operates in puget sound area.
Building a Seven-Figure Real Estate Business Using Other People's Money
"Something to share that you believe about becoming successful that most people disagree with yes. What's up fire nation. So when it comes to real estate and entrepreneurship people think that you always have to work hard to accomplish your goals and your dreams. The reality is you gotta work smart. You gotta be able to delegate and and make sure that you are sharpening the saw and just be very efficient with your with your habits. Yeah what was that. Abraham lincoln quote that if he had an hour to cut down a tree he's been the i fifty five minutes sharpening the blade so thick above that fire nation. You're going through your process ends. As i mentioned in the introduction we have both kierra in khalil on the mike today. We're gonna be talking all about building a seven figure real estate business using other people's money so before you turned thirty you had a seven figure business. You owned an entire city block and baltimore. I mean how the heck does this even happen. I barely have my driver's license at thirty. Yeah i mean it was really when we were about a year out of college. We really trying to figure out what this whole thing was gonna look like. It was around the time period when we were talking about there not being enough funds for social security in people taking about their pensions or started. Put money in retirement funds our full-time jobs and we realized that this was not probably going to be it for us and that we really needed to figure out how to take the reins on what our future was going to look. Like and real estate became that space or we decided to get really focused and intentional about building our portfolio there for that long term flow being able to that appreciation but also be able to impact the community in the neighborhoods in which we are investing And so you know. We didn't have a trust fund. We weren't legacy you know real estate developers but really Decided to work smart and be intentional about how he's been our time to be able to build that portfolio
"real estate developer" Discussed on Discover Lafayette
"Hundred fifty thousand dollars. Teradata also has a compelling life story that i'm honored to have her share. She is a survivor. A woman of god a force to be reckoned with her journeys detailed in her book frightened scared and alone. No more terrorist smith. Welcome to discover. Lafayette thank you. Thank you thank you so much for having Here when i started doing research to find out more ballot you i was. I was overwhelmed yourself accomplished and so young. Are you still in your thirties. Em yeah and i sound like i'm a hundred but has on a blow like this happen. You know our early start in life right. Those like you've lived in eternity. You know you see a lot in done. A lot but I'm still in my thirties. Yeah well we have a lot to talk about today I am thrilled to share the story about madeleine cove. I used to work. I mentioned this to you before we started taping. I worked with upper lafayette economic development for ten years and some of the biggest hurdles to overcome are people's mindsets about the right place to invest in. Where should i live in. An off always looked especially at north. Lafayette is one of the most desirable. Close to the core. You can get everywhere. It's close to eitan. I forty nine You don't really have the traffic problems and the people are great and so i commend you for picking up this project. If you wanna talk about that how you got started and maybe the background on madeline co two. It's been there for a while. oh yes absolutely so Mailing cove Is a community. That started almost ten years ago. Okay and so mandolin. Cole was a community that was being developed by some out of state developers After hurricane katrina and funny story when i became a new realtor I was going to be the realtor that did the open houses for this community. Those particular developers yes and For whatever reason that dead on that situation fell apart those developers went bankrupt and then the property just said there for years. And so when i tell you it was overgrown They had garbage on tires. It was mount amounts of garbage throughout the property and it was just in the middle of lafayette to simply forgotten about people. use it as a garbage dump. Yes as a garbage dump literally like it was disgusting. Like you couldn't even dropped back there with without robin over some type of Some type of garbage right. How many acres is it over fifteen acres that is a big piece of property. Been left abandoned. Yes it is. And i mean they did the heart. 'cause right so they did the the concrete. They did bill utilities. They did the water they did. The sewage like a lot of that stuff was already by literally was ready to be built upon and they had it planted on back then as a fifty lot on community which means there will be fifty homes and so At fast forward. And i started doing really well in real estate and i started working with a few builders. I started building a few properties I was Helping manage century twenty one For a short period of time. So i started getting that bug of wanting to do more because i kind of felt like i was at a cap already in my career and One of the things. That i'm really got to me was that i realized that there was not a lot of investments going on on particular sides of town and all bill. It was never said or anything like that people would literally like as a realtor..
"real estate developer" Discussed on Discover Lafayette
"This is john swerved in you're listening to discover lafayette a podcast dedicated to the people and rich culture of lafayette the gateway.
Running out of Money in Retirement With Mark Rolette
"With me. Of course is mark rolette founder and president of south shore retirement services in hingham broadcasting from the brand new south shore. Retirement services radio studio and we're thrilled to be together and to celebrate spring and Certainly better health for so many americans and all that mark nice to see you might be saying and it's great to be in this new studio feel like a real professional mom. Well you sound like one. I'll tell you and it's great. It's great to be able to communicate as we have been all this time even though on occasion where in remote locations so today we focus on a lot of things but today. That's the nagging question that people have what happens if i run out of money and can i possibly run out of money after i stopped working after. I'm in retirement to question that people ask you all the time. And let's talk about how you answer that. Yeah absolutely i as you know our motto here at sexual retirement is nobody should have to worry about running out of money in retirement right simple that that's what that's what our goal is with every client. That comes in the door that they shouldn't have to worry about it. But of course people worry about that all the time. That's almost everyone's number one. Fear going into retirement. Could i possibly run out of money in retirement. And i don't care if you have four hundred thousand dollars or four hundred million dollars. Nobody likes to lose money It's just a case of whether you have the wherewithal or the ability. To weather that storm and righted back and people just don't know met. I bet very wealthy Real estate developers who have the same concerns that Somebody who may not maybe doesn't have hundreds of millions of dollars so that anxiety for so many people transitioning and thinking about retirement shouldn't be anxiety shouldn't be that complicated. It shouldn't be that stress of the wait and see approach and rolling the dice in retirement and hoping for the best. It should be a retirement strategy. That is a solid foundation that gives you the ability to ride out any storm. That's coming so you don't have to worry about running out of money in retirement and that's what we do.
Miami Dolphins owner Stephen Ross shares his life story
"American stories and with the story of an American classic Stephen Ross is the largest real estate developer in America, the owner of the Miami Dolphins. And he shared his life story with our own Alex Cortez. Stephen Ross is a Detroiter born and bred until his parents dragged him against his will. Midway through his freshman year of high school from Miami Beach, Florida hated it down there, actually. And I kind of rebelled against my parents and E got toe little trouble. I mean, I mean, I suppose is studying, you know, go out. Quick. Give me a little bit, You know, I mean, I had a you know everything but study even though my parents really Try to be strict. You know, my father lectured all the time. As opposed because he was working and then he'd lecture me. I guess it didn't do any good, You know, but its ultimate I guess it's something e. I don't know. E wanted to get out of there. I went toe. My parents said. Well, if you're gonna leave, you don't want to go to school here. You have to go to military school. It's fed about four days of military schools that I go back to school, you know? And e talk to most of my friends. I mean, probably my background was probably different than most, because I've never excelled early in life, and I was We got into college because they had to accept me because I had a standardized test that I Scored well enough that the school had to take you and they flunked out two thirds of the freshman class. They tell you looking at left and looking. You're right. The person sitting next you won't be here next year and So you know, kind of a wake up call. But I also knew if I wanted something we didn't I wasn't doing anything for my parents. I wasn't left anything and they had nothing to give me. You know, so I knew Where was you know is either sink or swim? And then when I got to college, that's when I really kind of started to be able to do well to receive Florida then so I could transfer to Michigan and then law school and then I got my masters in tax law. Which I excelled in, and it's probably the best year of school I ever had. That really had found something enjoyed. It always get good marks. If I liked it, you know, I didn't like the subject. I didn't do very well. Confidence. I mean, you know, you have to first find your confidence. That you can succeed and do something well, Excel. Continue on me, as they say Success breeds success. Mean, teachers told my parents. They were wasting time sending me to college, which is really kind of funny, right when I look back at it now, So I mean, I look at myself I was the way it started. Life because it Probably spread about the least likely to succeed in my ass school class, you know? So you tell me how much teachers don't wouldn't so the environment of which were brought up on me Even when your parents As much as my parents emphasized that and I could see things Was really later that I really saw things a lot more clearly, you know, after getting his master's degree it and why you Stephen went back to his hometown to work in an accounting firm as a tax attorney. I was doing very well practicing law on it. You know, certain places really kind of funny. It's kind of impulsive. I'm in my office one day was, in fact, I remember I could still picture Was June's thing was true. Seven through 2/9 in 1968. The night before Bobby Kennedy was assassinated, and I'd watch it that night. And that next day you're wondering the life that you never know when it's over and thinking about that, you know, he was a relatively young guy and partner walks in my office and asked me If I want to go Toe seven are in New York said You know what? Haven ever thought about it, is it? I want to go. I think I want to go to New York for good. It's a matter of fact, I'm quitting a moving to New York. Never entered my mind. It never would. From my mind too. You know, I'm gonna think about leaving and I even thought about leaving. It just came up. I mean, like this so impulsive. Sometimes we don't even know ourselves. No, What's really what's going out? So you've been brought in the senior partner and may you know Steve's quit. He's leaving New York. You know, guys What I mean, Steve, you're doing great. Here. You're gonna be a partner here and blah, blah, blah. But I got bored and I could see how I was tailing off in my bite. That was just ready for something and that Z parked it. About me even thinking about it. You know, it's a lot of things you know, like we think we're in control of We're not necessarily in control of what we really don't know. It takes something takes a spark. For something to happen. I've told my mother, you don't know anybody in New York. I said, Hey, you know, I went there. I loved it. And, you know stories. If you could make it there, you can make it anywhere. Blah, blah, blah and off. I went and
Leadership Amid Chaos
"In the wake of wednesday's violent breach of the us capital business leaders have spoken out. Condemning the rioters effort to disrupt american democracy. Some of those leaders like famed activist investor. Nelson confessed that his support for president. Donald trump is a mistake. What happened yesterday is a disgrace than i as an american. I'm embarrassed you know. I didn't vote for trump in sixteen. I voted for him in this past election november. Today i'm on sorry. I did that. The national association of manufacturers a trade group that has been supportive of the president's economic agenda went out in front wednesday calling vice president pence invoke the twenty fifth amendment and begin proceedings to remove donald trump from office and keep him from ever running again over the last four years and this last year of two thousand twenty in particular business leaders have weighed in on politics again and again corporations and our public spheres are intertwined like never before. We've seen the very richest of americans billionaires express preference for candidates. Investors like stephen ross. Peter thiel and new york real estate developer. Richard lefrak have all unapologetically supported. President trump over the years pailin tear. Ceo alex carb famously aligned himself with the trump administration in the company's preliminary ipo filing august of twenty twenty. He called out fellow silicon valley giants for being unpatriotic. His company has contracts with the pentagon an ice but this week speaking to the washington post carp struck a different political tone. There's certain monica of adult leadership necessary to run a significant organization of any kind whether it's a university newspaper a church synagogue or mosque this this is below that line and we shouldn't tolerate in some ways. Donald trump may have helped bring these people deeper into the political sphere. These business leaders one's who've praised him and ones like apple's tim cook who quietly worked with him have proved crucial to the president's efforts and successes in office from woohoo market tweets to corporate tax cuts to president trump's unorthodox involvement in corporate dealmaking. We're looking at you tiktok so all this means what ceos have to say matters
Trump pardons former campaign chairman Paul Manafort
"President trump has issued another batch of pardons to nearly thirty people including his son in law's father and trump's former campaign chairman on the new list of those now pardoned or granted clemency Charles Kushner a real estate developer who pleaded guilty to tax evasion witness tampering and making illegal campaign contributions in two thousand five Kushner son Jared as a White House adviser and married to trump's daughter Ivanka and two more trump confidants convicted in order to jail in the Russia probe former campaign chairman Paul Manafort and close friend Roger stone whose prison sentence had already been commuted by the White House observers say the president's using the power of his office to dismantle the results of special counsel Robert Muller's investigation having pardoned another campaign associate Tuesday Jackie Quinn Washington
Developer sells downtown Seattle office tower for $669 million
"But the sale of multimillion dollar office building might be a signal that downtown is back almost to, Romero explained. In just the last 24 hours, commercial real estate developer Skanska says to downtown office towers have sold for nearly $1.3 billion. Skanska Executive Vice President Murphy McCullough says there's no doubt that covert 19 drove workers out of downtown to work from home in the burbs and Bigger spaces. But he believes employees will return to where amenities like restaurants and bars are. What you're really seeing is the expectation that down a town in Seattle and like other markets are going to come back. He says. They sold 95% of a new office tower. It's second and union to a South Korean company for 669 Million and also signed two new leases in the building with an office design company and a barber supply shop. Romero Camo news Seattle's new NHL
"real estate developer" Discussed on KOMO
"In federal court in Seattle to 16 months in prison for his role in the campaign to threaten activists and journalists on both U. S coasts. The details from Eric Ice 21 year old Johnny Garza pleaded guilty in September to conspire Ring with three other members of the hate group, Adam often division to deliver threatening messages to people whose work exposed anti Semitism on the window of a Jewish journalist house. He placed a poster that depicted a man in the skull mask, holding them all top cocktail in front of a burning home. Young man linked to Adam often have been connected to murders in three states. Guards express remorse before a U. S District court judge who sentenced him to half of what prosecutors had recommended. Eric Heights Coma News, The new full time mayor position and Lake Stevens now has a salary and benefits package of City Council approving the yearly salary of 80,000 and benefits. As decided by the city's salary commission last October. Mayor Bret Gaily is the city's first full time mayor. Some City Council members think the salary is too low, considering what other mayors get it similarly sized nearby cities. They asked the salary commission to reconsider the decision in January. I'm sure the mayor would be happy to have them reconsider that as well. Tensions remain high over a home that is now at the center of a three month protest. In Portland Mayor Ted Wheeler authorized police to seize that home that used to be belonged to a black indigenous family. William and Julie Metcalf. Kenny were evicted back in September. But since then, the mayor says the home is quote occupied by protesters. Police say the move led to dozens of emergency calls, including fights, shootings and burglary. 13 people who were arrested this week. The city now trying to hand the home over to its legal owners are real estate developer, but protesters have returned couples Ryan Yamamoto, a man who survived what's believed to be a great white shark attack on the Oregon coast, while surfing Now. Speaking out for the first time 20 year old coal, Harrington says he tried to out paddle the shark when it latched onto his leg from behind. That had to be soup so scary. He did manage to get back to shore. His friends helped stop the bleeding. You suffered a broken bone and has undergone two surgeries. He's still in the hospital. NASA has named 18 astronauts to train for its Artemus Moon landing program, including a pair of women from our state 48 years after astronaut Gene Cernan was the last man to walk on the moon. NASA announces plans for a return 18 astronauts were named Wednesday to train for NASA's Artemus Moon landing program among them shell lingering. There are many times In this job where you have kind of pinch me Moments. Nine of the astronauts named to the Artemus program are women, including Kayla Baron, We're actually gonna build a small space station. That's going to orbit the moon when we can fly a Ryan to the gateway and then get on our lander. From there. This is aiming to land a man and woman on the moon by 2024. I might cross you know Kayla Baron, whom you heard there is from Richland, the other woman selected to release one of the other women selected for the program. Is Anne McLean of Spokane. Companies.
Interview With Shawn Van Dyke
"John thanks for taking the time to come and chat with us today. How's it. How's it going on doing great man. Thanks for having me. will you give us. I read your bio on your website. But will you give me in the audience of big picture of your background and kind of have to where you are now in. kind of. Give us the backstory. Yeah sir so by education and training or by just sending a lot of tuition money to the university of tennessee. I eventually ended up with a couple of engineering degrees. So i started my career in construction even though that might offend some people when this always used to be an engineer i make fun of engineers used to be one but i got a degree in civil engineering and then a master's in structural engineering and then went out and did the engineering thing for several years and then realized i don't really know how to build anything and i wanted to get out on the job site so transition from i'd say transition from engineering into construction. I really got laid off from the engineering firm. Heart was working for In went and joined project management team for large commercial contractor that. Put me out on large commercial sites Building all sorts of seven are really really like that Did that for a few years than my way. Up working for some architects and then for real estate developer Doing construction management so. I ended up traveling around the country building commercial real estate projects. You know big stores in the out lot developing out lots and all of that kind of stuff in that for several years. And by this time i was married had five kids now so the second kid was on the way my wife was like. I'm glad you're enjoying your job but You gotta stick around mean. I was on the road three or four days a week wherever the projects were so. That was my first business. Started back in. Two thousand five was a construction management and real estate development company. I'm here in knoxville tennessee. So as doing that work here locally then two thousand eight hit and banks were not lending money to real estate developers anymore So i transitioned from there and started a remodeling in general contracting business People these days called a pivot. I didn't realize pivoting at the time. I just time. I had four kids. Three four came back them So put the tool belt on and started a small construction company. Built it up from there and then one of my subcontractors might trim and melwork subcontractor young guy. We went to church together. His business was blowing up because he got into the high end. Trim and melwork work Market here in our area and typical difficult construction business owner great craftsmen horrible business person and he approached me one day and said man. Your i like the way that you run your construction business and everything's always organized I wanna talk to you about how to run a better business. So we met up for lunch and was talking to him about that and giving them some tips and tricks. And and i didn't know he was interviewing me at the time he said. Okay well i think. I need to hire somebody to run my construction business. Much mill work company and He's an acid yeah. I think you should do that. Because you're a horrible business person but you're an awesome. You're awesome craftsmen in great with the guys out in the field and the work was just unbelievable and he just said okay. I want you to do it. And so i thought i was like i got my own thing going on. I'm okay and he's a great salesman and he's like listen. You have a small construction company is gonna take you twenty years to get where you want to be. I'm already in those projects as a subcontractor we've landed some really high end stuff but this business that we just acquired meaning that the projects coming up he said it's gonna put me out of business doing these projects because i don't know what i'm doing and He he so he said I want you to come and run the business. And i thought i bluff bluffing okay. The only way. I'm going to run your business that you let me run the business. You run the field our on the business. But i'm i'm in charge of the business side of it. And he said no problem and he literally pulled out of manila folder with the entire business and it just random paper. Here's the business slid across the table and said you run it and went home talked to my wife and said this is a crazy idea. This is really stupid but my friends gonna suffer and he was right. It was an opportunity to get on some really into high level projects high end projects that i'd already always been wanting to do in such kind of step back and said all right. Maybe we should do this and So bit the bullet went on went. Joined that team as a as the chief operating officer and at the time we had six guys out in the field in within eighteen months we were at twenty two guys in. He was in debt and not making any money. And we kinda turn that around and and that wasn't all me. We had great team a great owner. That had a really good vision and i was just the execute and putting systems in place. Oh did that for about four years and then got another crazy idea saying. Hey what i've done with my businesses and now with this treadmill work business. I think i see the problem here. Within an industry. I can help a lot more business. Owners with systems. All i know construction. It's all i've ever done so after about four years of being the executive there. I left that that job and started writing books and and speaking at industry events and now it's four years later and i've been doing coaching and consulting work strictly for construction business owners since those back in twenty sixteen. So yeah right up for years. We've been doing this Before we move on but are you recommending to your kids. They go to college. You spend a lotta time in college. You said a master's in engineering of some type so talk about that for a second. Are you gonna man. You're gonna make mom hears this. He's gonna get offended. And it. Every time i say but m. i. encouraging my kids to go to college no not specifically i'm encouraging my kids to develop skills in areas that interest them and figuring out how they can make money at it now. Some of those things that some of my kids are interested in now will require them to go to college. But especially as we're seeing in twenty twenty man colleges change. They're still the same tuition rate but they're not allowing you to go on campus and all of the other things that higher said that here's where value is. Now they're saying nope can't come to campus. We're going to do all virtually. So i think the whole world has changed so but to answer your question. No i don't encourage my kids to go to 'cause. I don't discourage them from going to college. The i feel like it's my job as a parent when you're out on your own which i got four boys in a baby girl. I say baby girl. she's five. She's always going to be my baby girl. The boys they're on their own at eighteen. You better figure out how you're gonna make money at eighteen and if that means you're going to college then you know what i took me. I was on the five year plan to get my undergraduate now. Four year plan right but i worked the entire time and paid for most of my most of my college through work. They can do the same thing so And it looked statistically it takes most people at least six years to get an undergraduate degree and only forty percent of incoming freshman even graduate with a degree at all. So yeah do. I encourage them to go that path. Only if it interests them. Only only if that's that's where their future light. Hey you know. One of my kids wants to be a doctor yet. You probably better go to college. I have several of them that are interested in computer stuff in graphic design and other things and got my fourteen year old son this year to start working for a contractor and over the summer and he came home with more money and more cash in his pocket. And said yeah. That's what happens when you go work. And that's what happened with skill so
FBI Investigating Texas Attorney General Ken Paxton, AP Sources Say
"I might cross here reporting, AP Sources say the FBI is investigating. Texas attorney general sources tell The Associated Press. The FBI's investigating allegations against Texas Attorney General Ken Paxton, two people with knowledge of the probe spoke to the AP on condition of anonymity because the investigation is ongoing. Several former members of Paxton staff claimed Paxton committed bribery, abuse of office and other crimes to help Austin Real estate developer Nate Paul Paxton has denied wrongdoing. All of Paxson's accusers have either resigned been placed on leave or fire. Since reporting him
"real estate developer" Discussed on WTOP
"73 deal. Thanks, Amelia. This is brought to you by Lend the plumber trusted. Same day service. Seven days a week. 5 21 on Double d t o P. Amazon's new headquarters will bring economic opportunities to what's been dubbed National Landing. You know, TAS Crystal City Pentagon City in Potomac Yards Will national landing ever become a great neighborhood? Turning the office buildings of crystal and Pentagon cities into a great neighborhood means a focus on housing and retail, I think, post coven double down on our commitment to urban walkable. And in arranging areas. Nevin Regan 11 with real estate developer J. B. G. Smith, this notion that you have a hug that's kind of interactive with the neighborhood. But Jack Potter with the Airports Authority, says the challenge is getting from here to 10 years down the road already have problems with road traffic on 95. On the G W Parkway, the 14th Street bridge. I think we collectively have to solve them Be along in Sting. W t. O P no Now to your health sponsored by my eye Doctor. Doctors of optometry. Visit my eye doctor dot com. There's a new definition for what it means to have close contact with someone with Coben 19 for months, the CDC said Close contact meant spending a solid 15 minutes within 6 ft. Of someone who tested positive. Now the CDC changed it to a total of 15 minutes or more so briefer, but repeated contacts that add up to 15 minutes also count anyone who's been in close contact with a coated 19 patient is advised to quarantine for two weeks, The CDC made the change because of a study in a Vermont prison. Now we've been telling you, the spread of Corona virus is surging nationwide is the weather cools down and Montgomery County is no exception. We continue to again manager of the trends We don't want to have to Look anything but health officer Travis Gail's. The strategy is being considered if adjustments need to be made would begin with tweaks to capacity limits for gatherings in Montgomery County. Those types of limits before making blanket closures, horn businesses or times for business is also mentioned in today's briefing and early voting told, launching Monday will send wait times and voting locations.
Trump tax returns: How rich Americans avoid taxes
"A New York Times investigation into president trump's tax returns found that in some years he paid little or even no taxes. Now, he is not the only rich person to not do. So the tax code favors people who live off of investments including a lot of people in finance who run hedge funds or manage money. Here's NPR's Jim Zarroli. Morris. Pearl is part of the one percent. He's a former managing director at the giant investment firm blackrock. He has an apartment on New York's Park Avenue, and he lives off his stock investments. These days Pearl says, the taxes he pays are lower than ever I. For instance, have not worked since twenty fourteen. All of my money comes from investments I'm doing fairly well, but my tax rate is in the teens. That's right. He pays a lower tax rate than the average teacher or letter carrier Pearl is a millionaire even chairs an organization called. Patriotic Millionaires, and he thinks the way the tax system works is disgraceful. Our system allows rich people particularly real estate developers and investors to pay far lower taxes and people at work for a living US tax law was designed to be progressive meaning the more you earn the more you pay, but it doesn't always work out that way when president trump was running for office, he promised to overhaul the tax code. It is riddled with loopholes that let some special interests including myself in all fairness is gonNA. Cost me a fortune this thing believing. Belief. This is not good for me. The tax bill trump ultimately signed into law in two thousand seventeen got rid of some deductions and loopholes, but it retained one provision that mostly benefits rich people as Earth tax loopholes go one of the more known textiles because it is. So ridiculous Charles con is with the strong economy for all coalition, a group of community and labor groups. He says people who live off investments such as stocks and real estate are taxed differently than people who earn salaries, but instead of paying the income tax rate, which could be as high at the thirty seven percent. They pay capital gains and the capital gains tax rate tops off at twenty percent. Trump's tax bill also retained another very controversial provision. It allows money managers and hedge. Fund titans to take their salaries as investment income meaning they pay that lower rate. Trump insists that his tax cuts helped fuel an economic boom at least until the corona virus hit here he is at his State of the Union address. Soon, after signing the bill, we enacted the biggest tax cuts and reforms in American history. But Economists William Spriggs of Howard University says the bill kept some rules in place that benefit the rich especially people such as president trump who made their money in real estate and sprigs says that by cutting corporate taxes, the bill helped fuel a long rally in stock prices and that's benefited the rich even more people owning stocks where the big beneficiaries because their income was going up whereas wages stagnated even through the recession, the stock market has continued to do well, people who own stocks have seen their portfolios grow and they continue to pay much lower taxes on the prophets they bring in.
Is NYC on its deathbed?
"Last month executives from more than one hundred and sixty of New York City's largest employers, banks, and law firms, sports, leagues, and Real Estate Developers sent a letter to the Mayor Bill De Blasio. They warned that his poor management of the pandemic was threatening long-term damage. There is widespread anxiety the wrote over public safety cleanliness and other quality of life issues that are contributing to deteriorating conditions in commercial districts and neighborhoods across the five boroughs. The five boroughs of New York. City to see you know are the Bronx Manhattan Brooklyn Queens and Staten Island. Also just so you know Bill de Blasio is Democrat who even before the pandemic was almost comically unpopular. We don't need to get into the details, but if you want to read up on him, just do a search for de Blasio that's DB L. A. S.. and. Then arrogant or hypocrite even schmuck. Considered this campaign ad from a fellow Democrat. The less bill de Blasio is the worst mayor in the history of new. York. City and that is. Rose. Congressman. You don't sound very happy about that. Blacks Rose Macau. Grossman now you and I happen to know each other a little bit through a family connection. My son, has worked on your campaign in in your office in DC. Do you saw me swear to not let that relationship influence this interview I solemnly swear rose represents new. York's eleventh district historically the only congressional district in the city, the votes Republican it includes all of Staten Island and parts of southern Brooklyn one of the highest rates of unionization of any district in America cops firemen. Teachers. Nurses. First. Responders Sanitation Workers, folks who we just recently started calling essential workers but quite frankly, they were always essential like every member of the House of Representatives rose is up for re election in. I don't care about politics my friend. Not Right now. On employment skyrocketing the economy in disarray people fearful further. Fearful. For their future of their families the time to be thinking about how to help people making government finally work again, people are so disgusted with their government that's on the left, the middle and the right. You recently said there is no reason that every single teacher in New York City should not be tested at least every other day as far as I know that's not even close to happening. It's not happening because a failure of leadership a failure of imagination nobody has confidence in this city right now there's no plan there's no solidarity. There's no resources with a system of pool testing with a system with New York City is acting almost as if it is a venture capitalist, it comes to figuring out the most innovative ways to beat the pandemic investing in them early on with private partnerships and then dramatically scaling them. There's no reason we couldn't be testing every single teacher every other day we asked Mayor de Blasio for an interview but he declined there are at least two reasons why in political circles de Blasio is considered particularly unskilled last year he spent a lot of time outside the city for president even though he had virtually no constituency. He's also managed to annoy the one person a New York City mayor can't afford to annoy the governor of New York Andrew Cuomo. New York mayors have a history of acting like the most powerful person in one of the most important cities in the world which to be honest it's not entirely inaccurate. A lot of the city's leverage runs through Albany the state capital what we need, and what this has not done is we need someone who's willing to exist in reality. Guess what if you want the city the prosper you need the governor. If you want the city to prosper, you shouldn't be at tagging housing them. You should be working with him but as Max rose season, the Basel Administration was failing New York long before covid hit in some ways the mayor and his administration took up a new form of laissez faire economics where they said well, we don't have to invest in the future of this city because people have to stay here, people will need to stay here. People will always come here and build their businesses. We don't have to do anything. Well, that's of course, not the case this is a competitive country and it is a competitive world. During the pandemic New York City's been competing with neighbors like New Jersey and Connecticut, and New York suburbs also Florida and Arizona in Nashville Austin those at least are a few of the places that some New Yorkers have fled to. But how many? The truth is no one really knows yet. Pre pandemic the city's population was eight point three million. The New York Times analyzing cell phone data from that four hundred, twenty thousand people had left the city between March and may most of them wealthier residents with a second home. But that measurement has an obvious limitation leaving the city with your cellphone doesn't mean you won't return especially if you own your home since right now is not the easiest time to sell a New York apartment. Here's another probably better metric since March, roughly two, hundred, fifty, thousand New Yorkers have filed with the post office to change their mailing address. That's about double the number from the same period last year. So that suggests roughly one hundred and twenty-five thousand higher than normal outflows that goes with a significant decline also hard to measure in the number of people moving into new. York. Still in a city of eight point, three million, this doesn't seem to qualify as a mass exodus. To. Get a slightly finer greened look at population outflow. We called up Nancy Wu I'm an economist at St Easy where I look at the trends about real estate and then create analyses to tell stories about the data street easy is listing service used by landlords and renters, buyers, and sellers and real estate agents. It manages a pretty impressive database. I have access to all of the market data on the sales and the rentals listings in the universe of real estate listings in New York, city and what has seen since the. So Manhattan rental inventory as of July there's been thirty seven thousand listings on the market that is a sixty five percent growth from last July and how about in say Queens and Queens you should now has two point, two, million people whereas Manhattan has only one point six, million in Queens there six, thousand, six, hundred listings on the market, and that's a twenty six percent increase from last July. So inventory grew everywhere when looking at the borough level but grew way more Manhattan. So that's some rental data. What about home sales in July? There's thirty seven percent fewer Manhattan. That went into contracts than in the same month last year there's largely been a fast forwarding of the natural attrition of the City so New Yorkers were planning on moving to the suburbs within one to two years are doing. So now instead so these New Yorkers are taking advantage of the low mortgage rates to move to the suburbs. So that's another hint that the outflow may not be as apocalyptic as some people think at least not yet that may be more of a one time acceleration of constant trend. Although of course, those outflows are usually countered by inflows will keep moving into New York. There are a lot of reasons to suspect not particularly in the short term, the city is diminished and it remains relatively expensive especially housing although that too is changing at least a bit in Manhattan rents fell by three percents year over year since last July that's the biggest decline we've seen since agree recession when rents fell ten percent but Wu says, we may be seeing only the beginning of this trend we do expect Manhattan rents could fall by more than ten percent because there's a lot of factors where the pandemic has more impact on rents than the great recession did. That may be especially true for two reasons. The first is that a recovery from pandemic is likely even more uncertain than recovery from a financial crash. The second is that the pandemic isn't done doing its damage on the economy just last week, we saw tens of thousands of new layoffs and furloughs announced by firms like Disney and united and American Airlines and even when jobs aren't based in New York City, there is a trickle down effect on the financial services and banking industries here on consulting and accounting firms on commercial real estate and the hospitality sector. A recent audit by the New York State Comptroller reported that over the next year between the third and a half of New York City's restaurants and bars may close permanently.
Tax Return Report: Did Trump Go Beyond His Legal Limits?
"President trump reportedly made hundreds of millions of dollars lived a lavish lifestyle, but yet paid little to no federal income taxes in recent years that's according to a New York Times investigation. So was trump taking advantage of legal loopholes or might have broken the law somehow well, Lee Shepherd is a contributing editor at the publication tax notes and has a law degree from northwestern university in his here's thanks for being here this morning high. So as you've dug into this reporting in the New York Times, do you see evidence that the president might have might have broken laws here? I see mostly factual issues We sort of have a mixed question of law on fact, on his big abandonment loss, which is kind of a hard thing to know because we don't know the circumstances and because it was a big loss as the time says, it has to get a lot of approvals. So the IRS might be nervous about it. So there would be a lot of arguing about it. you also have a bunch of factual questions like did he pay vodka consulting fee and you know was did she do work? You know was that work worth that kind of money things like that So I mean, presumably, some of these questions would be answered in an audit and when you talk about factual questions in Texas I mean, would it just be a matter of you should not have done that you need to pay a big fine now or could there be places where they would say well, this was some sort of evasion that went beyond that was more serious. In an audit, it doesn't mean you did something bad. It means you did a lot of stuff and you have a big tax return and they're curious about it and they wanna make sure everything's. All right. If. You get something that they don't agree with and they think you know you really really should've known better. We have civil fines in our law we have a whole bunch of them. But they're just fines. But yes, on audit you argue about those two. I mean the president has said he was smart. He said that in the past about finding loopholes in in in the tax system to. Take, advantage of would. Would you agree with that? I mean, did he do smart things here or or not? So smart and potentially you know as we say, every legal wrong carryovers are not loopholes. I mean this is. This is the way the law works. The question is, did you did your behavior fit into? You know deductible expenses. Did you prove the amount of this loss you know are you entitled to carry this? Loss? Back. I'm a seventy thousand deduction for hairstyling for time on television show that was sort of eye-popping to a lot of people that the kind of thing you would see in a lot of people's. TAX RETURNS IT'S Entertainers yes. Entertainers fight about that kind of stuff routinely. That would become in the entertainment industry. Oh, good. Lord Gif, and he's also in a weird position because. And they've times points to Saudi sells his lifestyle. As S at that's that's his image even when he was just a real estate developer, that's what he was doing. So you know a certain amount of what looks personal. Maybe deductible.
Major Real Estate Website Now Shows Flood Risk
"D. Y. E. N., dot com slash NPR to learn more many people who lose their homes wildfires or in hurricanes did not know they were in harm's way. You can understand that this might happen. You know that the houses near the words or near the. Coast, but you don't quite realize the risk don't quite realize the extent of the danger. One major real estate site is now showing a homes flood risk along with photos of the kitchen and living room so that people will know this is one way that climate change has become a more direct part of home-buying. A long-term decision that a lot of people make our reporting from NPR's climate team starts with NPR's Rebecca Hersher. It's obvious to a lot of Americans that climate change means more flooding more than a thousand homes and businesses are flooded in the Jackson Mississippi Southern Louisiana Sixty thousand homes north. West of Omaha is still dealing with the math more than four hundred homeowners. Even, though government flood maps have been around since the seventies, there was no mention of flooding on real estate websites until today Leslie Jordan is a vice president of the website realtor dot com, which lists more than one hundred, ten, million homes. Flooding is the most common costly natural disaster in the US. So realtor DOT COM has added flood information to every listing Jordan says that's thanks in part to a new privately funded fled information project called flood factor. Matt E B. is one of the CO founders of. Flood factor which rates houses on a scale from one to ten. So if it's very likely a very deep flood, you'll get a flood factor of ten for that property. If it's very unlikely, then it'll be a flood factor one, the ratings take into account climate change particularly sea level rise and more extreme rain ev says that kind of Info has actually been out there for years. It's just that regular people haven't had access to it. A. Democratization of this information is the way that we like to think about. It because there are people who already have this information and they're already acting on it people like mortgage insurance companies and large real estate developers, some of which have fought against public flood disclosure laws. So are other real estate sites also going to add this information. Can you say We are hopeful and happy to engage in those conversations with folks and that less than specific answer made my colleague Pr's Climate Team Lauren summer wonder what is going on with the other real estate websites so she called them i. I I asked Zillow if they're thinking about publishing flood, risk their number of challenges with that, and it's something that I think sooner or later would be a great feature to include Jeff. Tucker is an economist at Zillow who has studied how the homes they help sell art risk from climate change hundreds of billions of dollars just tremendous amount of real estate at risk primarily from coastal flooding for instance, Tucker. Says the company has had internal discussions about including flood risk, but they expect pushback from some users the current. May Be very unhappy to have that kind of information surfaced. If they're interested in selling their home, I heard the same thing from Taylor Mar lead economist at red. Fin. Could this actually reduce the value of this existing homeowner and essentially take away a lot of their net worth Marceau's on the buyer side Redfin survey show that three quarters of them. WanNa know about natural disasters before making an offer but he says that Info can't. Crowd out other fell on the website. If we made the whole front page just about flood risk, they might not be as easily able to navigate how long the commute is. For example, Maher says they're looking at testing including flood
Trump's brother seeks to halt family tell-all book
"President trump's brother is asking in New York City judge to block a tell all book about the family from being published the book entitled to much and never enough was written by president trump's niece Mary trump the description says it contains stories of the family patterns that quote created the damaged man who currently occupies the oval office Robert trump the president's brother filed court papers to block the release of the book he argues Mary trump and others signed a settlement agreement many years ago that included a confidentiality clause and an agreement not to publish their stories the settlement related to the will of Donald trump's father Fred trump a New York real estate developer Mary trump's book is due to be released later this month hi Jackie Quinn
"real estate developer" Discussed on New Jersey 101.5
"Real estate developer C. as in all right A. dot net New Jersey won a one point five news time eight oh seven now New Jersey one one point finding still weather weather does look like it is generally going to be on the warm side as we go through this week I think it'll be a little thundery perhaps by mid week clouds increasing tonight lows in the low to mid fifties a few showers are possible Tuesday highs in the low to mid seventies a chance of a pop up store Wednesday a high in the low to mid eighties Thursday mostly cloudy skies maybe a pop up shower I was getting into the mid eighties across our area I'm meteorologist mark Thibodeaux beach haven sixty eight Lambertville sixty eight summit seventy download our mobile app for breaking traffic weather and news alerts sent to your smartphone it's free from New Jersey one one point five New Jersey won a one point five our own radio station New York Elvia proud to be here is the the trouble is Hey I'm gonna talk to me on one eight hundred two eight three one oh one four eight five the trouble is you and me eleven o'clock tonight talking jerseys for the hell of a weekend it's been in New Jersey as if the coronavirus wasn't enough now we deal with protests we deal with rising the next week we're going to get locusts and one of the towns of struck last night was Atlantic city mayor Marty small senior joins us I thought you gonna blow me off because I'm a giants fan as the mayor I just want to say that a little nervous well well well good evening.
The dangerous use of off label prescribing in times of a pandemic
"FDA requires prescription drugs to go through rigorous testing for both safety and efficacy as a result only a small number of drugs that are developed are ever approved for use and then only for narrow indications so take for example. A drug called Gabba Penton. It was approved in the early nineteen nineties as an anti seizure medicine but it didn't work very well. So experts began to promote it for use to treat all sorts of other conditions including pain bipolar disorder attention deficit disorder restless leg syndrome and Alcohol Withdrawal Syndrome. It has not been approved for any of these reasons but doctors prescribe the drug heavily and Gabba. Penton is not the only example even if there is no proof and the FDA has not approved drug for a specific condition doctors can still prescribe it because here in the United States doctors are allowed to prescribe drugs off label in other words for reasons completely different than what they were intended for or for what. They were tested to treat. It stands to reason that Dr should only prescribe pills to treat conditions for which there is good evidence of effectiveness but that is not the case in the United States. These off label prescriptions account for one out of every five prescriptions. That means that twenty percent of all drug prescriptions are for conditions for which the drug was not approved so when the president tells us that despite warnings from the FDA. He's taking the Anti Malaria. Drug Hydroxy cleric win as prevention for COVID nineteen. It raises all kinds of red flags. Currently there is no. Fda approved drug to treat or prevent covid moreover several studies. Most recently in Jama have shown that hydroxy chloroquine has been shown to be in effective intriguing covid in effective. So how wide why? The president's doctor prescribed this drug went. Experts advise against taking the drug will because it was being prescribed off label for a non approved condition and the same is true for thousands of doctors who prescribed this drug for themselves for their families or for patients on the advice of a real estate developer. Who HAPPENS TO BE THE PRESIDENT? I suspect the public thought that the president knew something that the rest of us didn't inside information. Well IT TURNS OUT. He didn't the rest of US. Were reading the medical research and new. The drug was a very little use to those with. Covert the use of off label. Drugs drives up the cost of healthcare and exposes patients to unnecessary risks. Uncertain outcomes. Hydroxy chloroquine can cause abnormal heart rhythms and dangerous rapid heart rates. So doctors who've written these prescriptions without any scientific basis. Now have a moral duty to reach out and inform patients about the risk of medical treatment with hydroxy chloroquine and the lack of any benefit. And we need to rethink the policy of allowing doctors to write prescriptions for drugs that lack any proof of benefit at a very minimum. We should require doctors to inform their patients that they are being prescribed drug that has not been proven effective for their
Heres my fail plan, said no startup founder ever
"Week gave us a spectacular tech failure with the shadow APP. That basically ruined the Iowa Presidential Caucus Caucus but tech failures aren't always considered a bad thing in silicon valley. There's a mantra fail fast. That suggests you should try things quickly as entrepreneur and then move onto the next thing with lots of great lessons in hand but even though most startups do fail and it can be celebrated and not punished. Most companies. Don't plan for failure. Like think about what happens to their customers or their data or their intellectual property in fact many companies in the tech industry actively actively deny that they will ever cease to exist and that might be bad for business. Arielle parties is a senior writer with wired magazine. Who's written about this? Recently there there is certainly a world in which startups have a sort of Think of it like a pre-nup for your company right and so you sort of plan for that possible. The outcome and there are plenty of examples of companies picture. Life is one that springs to mind that have offered cloud storage for people's photos and what happens ends when those companies run out of money and can't pay for server space everyone's photos disappear and that's a really unpleasant experience to have as a customer so whether the way you plan for that that is having a little bit of extra cash to make sure you have the runway to you know give your customers fair warning notice thinking about it is the most important part part and then what actually plays out is probably a little bit of a case. By case basis once companies do mature. Is there any evidence that that becomes uh-huh part of their planning or they get better thinking about their own ends. I think in a sense Thinking about your own end is also thinking talking about your next pivot so companies. That are big are sort of only big. Because they've managed to do something that serves a need right now but even the biggest companies. You know eventually that need is not useful think about Kodak for example So thinking about your own end might be less about planning your own funeral and more about predicting where you go next right totally could venture capitalists be saying to potential startup. CEO's does you know what's your worst case scenario here. My sense is that as a result of the chaos at companies like we work and with firms like Softbank investors are starting to think a little bit more about these scenarios how it will affect you know start up business models or the way investors choose to invest. I think really remains to be seen But what's what's definitely clear. Is that every startup will die even the big ones eventually so planning for that is You know prudent not just for the companies but for the investors as well and then can you give us another example. We talked about the photo sharing. But you know there are obviously much bigger companies even since then like we work that have employees. Can you give us an example of how a company failing can can have a big big ripple effect on on society. Well I think on the consumer side. There's a very emotional impact to to services or products being discontinued one of the examples. I bring up my piece. Is this wave of sort of home. Robots that All went out of business last year and they're are some great really heart wrenching stories of of consumers who are stuck with these hunks of plastic in their homes that they have emotional connection to you but no longer are supported by the companies companies But I think in in a sort of broader sense you know you can think about Scooter startups there are lots of scooter. Startups have crashed and burned within the last year and whose left picking up all of those scooters that are littered across major cities will. That's the public what happens when A major company like we work Implodes I mean it's not just the company that's affected it's everyone who partners has with its business developers it's real estate developers it's Janitorial and custodial staff it's much broader than just You know a set of investors and founders who are sort of flying around their golden parachutes.
Companies feel impact of coronavirus outbreak in China
"We're joined by opinion column the surely ran who's writing about the economic impact of the corona virus outbreak in Chile to interesting on a day when we hear from companies like Nike for example that they're putting a hold on production there and there are other companies I know that are rushing to get their employers employees back to work what what's the impact it look like to you absolutely like a and as of this week two thirds of the Chinese economy is you check the like the whole high precision basically that the apple I collect them but that that that day a low I did years that they'll call cactus while right so go to the to be sure like many many factories have been closed and unfortunately injured young and that innocent until like young and bone provinces they which basically manufacturing hub date they extended that lunar year a new year holiday all the way to have a nine and depending on how the viruses going that that might be a more extension having said that there are like that she manufacturing sectors that that that Beijing dean's as very important that have been operating throughout is that some chips manufacturing basis even outside the house and they had been operating throughout the Chinese New Year throughout the whole outbreak so I I think it all depends on which factor with talking about if you're able to like her say like like that day the flash memory chips which have manufacturing then you might be full on but if you are making sure that no no right so is is a bunch of Jeez bearing in mind Jeez made in China twenty twenty five pretty print you say they're certain sectors all still yeah all up and humming where is all this have been have been furloughed let me ask you about whether these leave the manufacturing sector because actually for manufacturers that might be the opportunity to make up some of the lost ground later in the year once the once assuming there is hold all control over coronavirus by then but he's the services sector that might not be able to make up the lost ground absolutely I mean that that that the fact that day they just have to suck up the locks right leg because people do not go into a restaurant except track anybody manufacturing it depends like they say if passed like can continue like that operating a factor it's ray and then like I or the other automakers not not being able to open the factory then it's a huge advantage contact us so at this point I think it's all about who has the government here who had spent the infantry management and beat these can be huge waiting to be on so what do you think about the the continuation of this I mean how much longer we're going to see so many people you eat you point out February ninth is the last day for the extension but isn't the government worried if everyone goes back the spread is gonna get worse or did anything data contained absolutely I think I traded things highland and dark this one number that they're looking at every morning which was that which it gets released at six thirty in the morning in Beijing had which itself will be probably the incremental number of cases and this morning at over three thousand so people like me I tried to see if by China can actually contain the whole bait outbreak had all right like a basically on the problems that they did not open for business if it does not have it under control so so that that that that she number to everyone is looking at it so far it doesn't seem like her trying to really has hi there I did a quick even though they had sending military personnel military doctors that accept track so so what we'll have to see I mean Lincoln color the hunger littlest pet access the public services workers will have to work all the way at home and you probably sixteen so I think because that the February ninth that light is a very soft that line and then some say like the real estate developers they said they they are not allowed to open for business until February twentieth early and then we as to when when that will they will open it depends on how the virus so okay yeah I think up every night business off that line she thanks very much David opinion column is usually when you can read more on this and other stories on the corona virus and many other topics from bring back opinion apple about dot com slash opinion and on the terminal by typing P. I.
"real estate developer" Discussed on WCBM 680 AM
"Real estate developer season and or I got that Rush Limbaugh broadcasting from the fifty thousand watt towers of true zero six eight W. C. B. Rush Limbaugh having more fun than a human being should be allowed to have because I'm doing what I was born to do and doing it pretty well you know there's a connotation competition comes when you hear the term home security system and make connotation all that that that that's expensive home security holes cameras and stuff and all the wires and that's expensive and time consuming expensive time take a long time to put one in the site survey people come no no no no that's that's what you used to think and you may still think about intruding more if you have contemplated a home security system for your home probably thought it would take days to install it expensive long term agreement for service but not any longer because simply safe changed all of that and they have successfully done that with the invention of a wireless system that is just as effective you check the wires out and you take out so much complexity you take out so much the customer doesn't understand you take out.
"real estate developer" Discussed on New Jersey 101.5
"Real estate developer sees and or I got that New Jersey one one point five news time three oh seven now one of one point five instant whether we're still tracking a potential coastal storm system brushing past the Jersey Shore this weekend on Saturday right now about fifty fifty could be a rain changing to snow situation if it comes close enough we'll add more details to that forecast as we get a little closer and things become a little clearer clear skies in the forecast for tonight it is going to get pretty cold with a low temperature around thirty degrees than lots of sunshine tomorrow dry and seasonable close to normal for late January look for highs about forty to forty five degrees lots of cloud cover for Thursday so we will be cooler as a result highs only upper thirties to around forty we jump back to the mid to upper forties on Friday with sun turning to clouds from the Edison heating and cooling weather desk I'm chief meteorologist dans era forty one in Woodbridge in Pleasantville east Windsor forty two download our mobile apps for breaking traffic weather and news alerts sent your smartphone free from New Jersey one of one point five here is the one a one point five our own radio station New York Elvia proud to be used here is the radio New Jersey chime times do away with the Minsky in Doyle I am big bills don't oil or more like a game show host name yeah you wouldn't understand it's in Jersey and I'm Jeff to Minsky you can reach us at one eight hundred two eight three one oh one point five if you're in South Jersey I would assume that there is just this electricity in the air like it or not no matter what side of anything that you're wrong it's a big day it's just a big day I mean it's not often that a sitting president is going to be making an appearance the way he is and this is a huge one and we're gonna be talking about it next hour we're gonna do something different in just a moment in this hour but you're hearing you're hearing Michael Simon's in the middle of Joe cutters news and he was talking about the crowds and just to back that up one of the TV monitors in the studio here no sound out of the we have a news twelve up there so we have the the visuals and whoa whoa oh mass just a mass of humanity.
"real estate developer" Discussed on New Jersey 101.5
"National is a real estate developer sees it and or I got that noted two eight three one one point five Steve Tripoli sees the Jersey one one point five as traffic working on the crash in Monmouth County it's only eighteen sound right near route sixty six in the Neptune area we have a left wing close their delays are solid right on back to deal road this report is sponsored by up work up work as the largest network of independent professionals like designers developers data scientists you name it when you need in demand talent on demand up work is hell meanwhile we do have a crash on westbound route twenty four in Morristown the flipped over car two lanes are blocked right by with any road that's not far from two eighty seven and then on the parkway in turn pike we seem to be in pretty good shape route twenty one in Millville looks like a collisions been cleared they are a south bound by main street across the Hudson George Washington bridge the Lincoln and Holland tunnel right now they're all looking pretty quiet and you towards New Jersey traffic north Mike Barker New Jersey traffic sounds still not a miles with the heavy traffic on the north on parkway approaching exit forty eight and fifty that's all because of an accident still the left two lanes out of service rest of the way on the parkway not bad coast to coast on the expressway Atlantic city expressway that's pretty good up and down the turnpike no sign of any construction two ninety five little slow southbound coming down toward the forty two freeway forty two is fine it looks like a good ride above seventy and thirty eight three cherry hill traffic every fifteen minutes you're next reported eight oh three New Jersey one a one point five five in the weather well as of the mile for January the next several days but a very soggy start to the weekend we'll see a few clouds around tonight.
Trump administration eases federal restrictions on streams and wetlands
"Out the trump administration is moving ahead with plans to scale back environmental protections for millions of miles of streams and wetlands as we hear from correspondent Scott Kerr president trump launch the efforts soon after taking office to repeal or weaken nearly one hundred environmental rules and laws designed to protect more than half the nation's wetlands and hundreds of thousands of small water ways the rule sharply scaled back the government's interpretation of which of the waterways qualify for protection it has a victory to the producers of natural gas and oil as well as real estate developers and some rural landowners environmental attorney say the move puts drinking water for millions of Americans at
"real estate developer" Discussed on WBZ NewsRadio 1030
"Is a real estate developer and all right out that it's five twenty three it is traffic and weather together super retailers of knowing that all wheel drive traffic on the three is David still a lots of people trying to get away from that well disappointed patriots game of down Foxboro Hey could say that again and ninety five north bound a doggie tabby seven miles where they exit nine for one right to the top of the lower into one twenty eight route one you Jim both ways between four ninety five and route one ninety five the lower end of ninety three northbound you filled then from before we twenty four right to the split it Braintree for ninety five looking good old both ways between the the pike in Wareham expressway north bound slow through Quincy how all the way up to gar gar Columbia road expressway south bound is slow from the pie to a roll over on that's on the ramp for mass AB and then further south heavy grammar that to a crash by east Milton square root three is still quite a bit on the south shore no wishes on route twenty four how west big problem still eastbound on the pike locked up six miles still Sturbridge through Charlton passes service father for the east gets heavy again route sixteen to Newton corner on the westbound side of the bike not much better locks up three miles to a vehicle fire that's in the right lane right before the child service posit to ninety east bound slows up after Solomon pond road to four ninety five David Souter ani WBZ's traffic on the three send out the four day I'm through with the forecast meteorologist Bob Larson hernia cloudy this evening later this evening through the overnight will have a mix of rain ice and snow across the area slick travel at least worth and west of Boston lows ranging from twenty eight of the western suburbs the thirty six near the.
"real estate developer" Discussed on Newsradio 1200 WOAI
"Get confusing it's a whole lot easier if you just look at it and you know if you don't really know then you probably should really care anyway a commercial real estate developer Baltimore based Saint John properties just announced that their company's Christmas party holiday party handed out a total of ten million dollars in bonuses the one hundred and ninety eight employees whoa the very Edward Saint John the founder and chairman of the company said the amount of money that each employee gets is based on tenure the average bonus fifty thousand Bucks imagine some employees will get up to a quarter million man a Christmas bonus life changing what that is the company has employees throughout Maryland what is that fire alarm alarm leads to drill they do it in the control room each each let me tell you how that works around here she says you need to go each I'm leaving I it's a fire well I guess we could have Hawkins day do I use the emergency exit right by my studio work what I would punched some buttons to run as will all run on the parking.
"real estate developer" Discussed on WBZ NewsRadio 1030
"Real estate developer see is that in our I a dot net it's twelve fifty three time for traffic and weather together it starts with the Subaru retailers of New England all wheel drive traffic on the threes any brake lights out there David we have a few trouble spots Kendall this report sponsored by Amazon north of town on route one south bound a tap of the brakes getting by a crash at walnut street for ninety five north bound is a little busy getting by route one thirty three and then on and off the breaks between mass seven route one ten in Methuen one twenty eight north is a bit slow between route ninety three and route twenty eight around downtown lower deck in this they can bridge backed up from sellaband square on the way into the o'neill tunnel on soldiers field road west bound some brake lights getting by the leveling restriction before river street west of the city the mass pike westbound is that pretty well jammed up around exit eleven on the way to work crews before exit ten a and then some delays getting by the Charlton service plaza on Cape Cod route six tied up a half mile in each direction getting by a crash between exit three innings of two Amazon hiring full time warehouse team members in Boston enjoy benefits starting day one and pay up to sixteen dollars an hour learn more and apply online today at Amazon dot com slash Boston jobs Amazon's an equal opportunity employer David struck Felino WBZ traffic on the three thank you David twelve fifty four now time for dean devore he has our four day WBZ accu weather updates warmer than the weekend but still really nice with sunshine and low humidity afternoon.
"real estate developer" Discussed on WAFS Biz 1190
"Tough for real estate, developers investors, and the way we look at it is we're still not buyers of feel state stocks in the u e okay and will not be buyers for quite some time. So let's be clear, but I think the the weakening nature of the market is actually helpful for the city at is as it helps reduce living expenses and also helps businesses in their rentals et cetera. So the the housing Bill or let's say the housing expense per for every individual is right up there. If that expense gradually starts to come down, the city becomes more affordable. So. Foldable real estate goes ways and ways to help businesses and individuals that really want to live and make a living in this city. And that's where we think the the the difference is it's not so such a dark story. There's a there's a light at the end of the tunnel. The problem is between now, and until we reach that affordable state as we hope there are no major defaults, or or, you know, bad loans etcetera. I still think there's a quantum divorce between what landlords want and what the reality is in the marketplace in the marketplace, but that's for another conversation. Let me talk to you about banks. We got fed on pause. You've got rates here. They've been climbing. What we've got funding rates climbing in our region. That's good news for the banks in terms of net interest margin. Is that fully priced in the banks? I'm thinking about you, a banks Kuwaiti banks Eubanks is that all in the price is for most part you typically see with every interesting hike. You see that the region kind of follows if except of the quake as being an exception. But the list rises or say this series of the of the high are you a responsible person who finds.
"real estate developer" Discussed on View from the Cheap Seats
"It is April fifteenth nineteen Eighty-four and a man enters the swanky Pierre hotel in midtown Manhattan, the lobby is an OD Big, Apple wealth and status high. Ceilings crystal chandelier, a black and white checkered marble floor the visitor fits right in. He's Natalie dressed pinstripe grey suit and red and blue tie, his polished black loafers reflect light from above. He walks past the front desk toward the elevator backs a few people stare and whisper is that. Pete roselle. The fifty eight year old Commissioner of the National Football League is hardly just another executive. No, he is the king czar and headmaster of the most powerful entity in professional sports Roselle does not want to be seen here. Certainly doesn't want this visit to appear in the times or daily news. That would be disastrous. So he keeps his head down walks into the elevator and presses p repent house. The forty one flight trip. Feels like an attorney. What is he even doing here heart there better things to do like jabbing his eyeballs out with pencils? Like watching an endless loop of Joanie loves Chachi runs like. He finally reaches the penthouse level takes a few steps and knocks. P how are you? Hello, donald. Roselle is standing before Donald Trump. The rising New York City real estate developer owns the Manhattan's Grand Hyatt and euro Trump Tower. Oh, yeah. One more thing. Donald Trump owns the New Jersey generals of the United States football in the United States football better known as the US F L and in the early to mid nineteen eighties. The USFL is an upstart, but it's scaring the hell out of the NFL when Roselle received the call from Trump a week earlier, the NFL Commissioner d- didn't know what to think the two men have met a handful of times at charitable balls. But they're hardly friends businesses business, then when the owner of a team in the rival league calls you have to listen so Roselle wonders why does Trump so desperately wanna talk. Roselle shakes Trump's hand enters the suite. So why am I here? Trump is a baby faced man, if they're seven his hair Brown wavy. His lips are thin and the color of fruit punch when he talks his hands move like blender blades, Pete I'm going to be bought USFL you, and I both know it's a joke and he's not going anywhere. I want an NFL franchise. And I'm sure you want me to have an NFL franchise. Look at me. I'm a winner. That's not what Roselle sees the front of this guy as if I own Trump, New York, and I'm sure you understand what I can bring to your Lee the power that prestige. It's a perfect match. I won an NFL team, and I'll happily help kill the US fell..