35 Burst results for "Seventy Thousand Dollars"

Gaetz Associate Agrees to Cooperate in Federal Investigation

AP News Radio

00:47 sec | Last month

Gaetz Associate Agrees to Cooperate in Federal Investigation

"Hi Mike Rossi you're reporting an associate of congressman Matt Gaetz agrees to cooperate with federal investigators a close associate of Republican US representative Matt Gaetz of Florida has agreed to cooperate in a federal investigation according to court documents Jill Greenberg is expected to plead guilty to six federal charges during a court appearance in Orlando on Monday the charges will include sex trafficking of a child according to people familiar with the matter federal prosecutors have been investigating whether gates and Greenberg paid under age girls are offered them gifts in exchange for sex as part of his plea agreement Greenberg who was Seminole county tax collector will admit he recruited women for commercial sex acts paying more than seventy thousand dollars from twenty sixteen to twenty eighteen might cross see Washington

Matt Gaetz Mike Rossi Jill Greenberg Greenberg Florida Orlando United States Gates Seminole County Washington
New or used? Either way, price hikes squeeze US auto buyers

AP News Radio

00:48 sec | 3 months ago

New or used? Either way, price hikes squeeze US auto buyers

"The corona virus pandemic has set off a big price increase for cars and trucks Larry Parsons was hit with sticker shock it's ridiculous he was looking to buy a truck in Livonia Michigan some trucks cost upwards of seventy thousand dollars so he bought a used truck Charlie Chesbrough senior economist at **** automotive says the price for a car or truck is rising faster than wages and incomes have been going up this is meant that these vehicle prices have been getting more more of a stretch for the average American the reason for the price hike too few vehicles for sale during the pandemic and too many buyers like Larry Parsons I don't know how anybody can afford paying as much for a vehicle or truck is as a house and the prices for used vehicles are also going up I'm a Donahue

Larry Parsons Charlie Chesbrough Livonia Michigan
Is Student Loan Forgiveness A Good Idea?

Money For the Rest of Us

09:16 min | 5 months ago

Is Student Loan Forgiveness A Good Idea?

"Right now on the. Us government federal balance sheet there's loan receivables over a trillion dollars of student loan debt sitting there as a receivable for the fiscal year ending nineteen total assets of the federal government worth three point nine trillion of which one point one trillion was direct student loans. But here's the thing. Three point nine. Trillion in assets twenty six point nine trillion in liabilities. The difference the deficit is twenty two point nine trillion dollars. The us government is effectively insolvent. It does more than its assets. And if the us government road off four hundred and forty billion dollars of student loans it would just increase the level of insolvency. It would not sink. The government by any means the education department according to some private consulting work that they contract it out understand what the potential losses are on their student loans found. According to a report by the wall street journal that losses on the one point three seven dollars of student loans outstanding at the time this report was compiled would equal four hundred and thirty five billion dollars. Only nine hundred and thirty five billion would be paid back and that didn't include about one hundred fifty tonnes originated by private lenders that are guaranteed by the government each year. The government lends a hundred billion dollars to students to cover tuition to more than six thousand. Colleges and universities doesn't look at credit scores or the field of study or whether students will make enough after graduating to cover the debt. The wall street journal article reported that between two thousand five in two thousand sixteen four intent student loans. Most of them federal went went to borrowers with credit scores below the subprime threshold. That's assuming they actually had a credit score. Which at the time. That i took out my first student loan which i'll talk about a little later in this episode. I didn't have a credit score. Nor frankly i know what i was doing. But here's the thing. The consultants found out that a major driver of those losses were students. Who went on some type of income driven repayment plan. An income share to wear they only had to pay a percentage of their income and ultimately the loan could be forgiven after a number of years. If a loan isn't paid back in full because the payments are based on income in income isn't growing and ultimately the alone is written off after twenty years or so then that will lead to a loss in addition that study found that there are millions of other borrowers that would default on smaller amounts typically less than ten thousand dollars after the drop out of a community college or a for profit college one of the comments in this wall street journal article on the private consultants conclusion regarding the potential losses. For the us government. Student loan program is that taxpayers would be on the hook for this if the government off four hundred and forty billion dollars of student loans. Us government would receive less interest income and principal payments annually interest if we assume a five percent interest rate on one and a half trillion dollars of student. Loans is is only about eighty five billion dollars. now. I say only because total. Us government revenue is three point four trillion dollars. Interest income from student loans is only about two and a half percent expenditures in fiscal year. Twenty twenty six and a half trillion dollars. The deficit was three point. One trillion fourteen point seven percent of economic output or gdp nominal gdp and fiscal year. Two thousand twenty was twenty one point two trillion dollars. This deficit was fourteen point seven percent of that number the highest since the great financial crisis where the deficit was nine point. Eight percent the highest deficit ever was in nineteen forty three at twenty nine point six percent of gdp. The us ran three point. One trillion deficit in twenty twenty and the federal reserve increased the amount of treasuries on their balance sheet essentially funding that deficit. Two point two trillion dollars is the additional treasury bonds that the federal reserve bought so two point two trillion of the three point one trillion dollar deficit. These student loans are tiny percent of what the government is spending much of which the federal reserve financed indirectly. Veterans are didn't just give the money to the treasury. they went through the county mechanism of buying treasury bonds. But that's what happened. The federal reserve created the money out of thin air to purchase treasury bonds to plug the deficit now when i started hearing about forgiving student. Loans cancelling them. My impression was the student loan. Burden is as high as it's ever been. That students are struggling tremendously compared to when i took out student loans in the late eighties and early nineties. What i found was the average student loan and again this is based on data from marc canter wits. This is just the average student loan balance for graduates with bachelor's degree when they leave school in one thousand nine hundred nineteen ninety-three. It was ninety three hundred dollars. Forty six percent of students had student loan debt. That's about how much i had little over ten thousand dollars in student loans. When i left graduate school today. The average student loan balance is twenty nine thousand nine hundred dollars just for students. With bachelor's degrees sixty nine percent of graduating students have student loan balances. That amount going from ninety three hundred to twenty nine thousand. Nine hundred was a four point. Six percent annual increase. Now that's a burden no doubt and if it growing at four point six percent it's growing faster than inflation yet if i look at what students are making when they graduate in nineteen ninety-three or year after they graduated so in nineteen ninety-four an engineer. Starting salary was thirty thousand. Nine hundred dollars. A humanities graduate was making twenty one thousand three hundred dollars so if we compare that salary to the amount of their debt engineer made three point three times. The amount of student loan debt they had and the humanities major may two point three times the amount of student loan debt they have if we look at what engineers typically make coming out of university. Today it's close to seventy thousand dollars or about two point three times the amount of their student debt back in one thousand nine hundred. They made three point three times the amount that they owed now. It's two point three times so they own more relative to their salary but the interest rates are lower now. So they're able to handle that. But it's not this huge change that i had expected for the humanities graduate. They went from earning two point. Three times Student loan balance to one point eight times now. Part of that is pell. Grants which are grants given to low income students to essentially pay for school. I got a lot of pell grants when i went to school. That program has only grown about three point nine percent per year the maximum payout amount per student so it has not grown as fast as student debt levels. Now we can say well may be. College graduates are able to find jobs. The unemployment rate for recent graduates was five point one percent in nineteen ninety-two it was three point. Nine percent before the pandemic hit in february twenty twenty and so a greater percentage of recent graduates had jobs in early. Twenty twenty then back in nineteen ninety-two now. The unemployment rate at least in september was nine point one percent according to some data from the new york fed which suggests that yeah Graduates are struggling to get jobs. It is harder today than it was in nineteen ninety two but not that much difficult. And i don't recall calls to cancel student. Loan debt back in the early to the mid ninety s

Us Government Wall Street Journal Federal Reserve Treasury
Apple's security chief charged with bribery

Geek News Central

00:36 sec | 7 months ago

Apple's security chief charged with bribery

"Apple security chief charged with bribery thomas. Moyer's accused of offering bribes in the form ipads were seventy thousand dollars to obtain concealed firearm licences. Why do they need concealed firearms and apple. Why they why do they. What is apple. Need security officers with concealed weapons. The charges were bought by california grand jury on monday. Apple did not immediately respond to a request for comment. Additionally to police officers from santa clara county california have also been charged. It was a pay to play beal.

Moyer Apple Thomas California Santa Clara County Beal
Their Service Entitles Them To Low-Cost Loans. But Veterans Often Pay More.

NPR's Business Story of the Day

04:27 min | 7 months ago

Their Service Entitles Them To Low-Cost Loans. But Veterans Often Pay More.

"John. Four is a retired marine corps. Colonel he served for twenty seven years. Did you see the big fish jumped for is giving me a virtual tour of his harbourside house in a development in punto gorda florida. He's got a dock and a little powerboat and can you see the pool. Oh yeah oh. That's gorgeous yeah all right. Can you see the kayaks and the dock. Actually four is making me kind of jealous of his house at the start of the year interest rates were falling and he wanted to refinance with the. Va loan that has alone backed by the us. Department of veterans affairs vets and service members are supposed to be able to an extra low interest rate and better terms that way so you started calling around and he says the company loaned depot told him we can do. Va loan for you. But it's going to be at three seven five percent interest and they had a lot of fees in there but it was a lower rate than he had at the time so he says he was just about to do the deal with lump depot when he happened to see an ad for. Va loan to a company. Called own up. He went through them and he says he paid lower fees and got more than a full percentage point lower on the rate on his three hundred and thirty thousand dollar loan. That means about twenty five hundred dollars a year in lower payments. He he says when he went back and told loan depot about the better deal. They then offered him a much lower rate to as a veteran. You expect you're getting something from the government. I i was shocked that they didn't just tell me outright. What the best rate. What's a lot of veterans. Assume the same thing according to patrick boy adji. He's the ceo of own up. It's a new company that helps people find a good deal on home loans through a group of different lenders. He says veterans think. They're supposed to get a really good interest rate on a. Va loan so many. Don't shop around but says while these loans are backed by the va they're made by private companies and he says some will head people with much higher costs and basically a worse deal than they qualify for. And they're veterans the. Sit there and think to yourself that this person who served our country is now going to get taken advantage of. And they had no clue they had no idea so in his company did a study. They're releasing it today. They took the top twenty lenders for va loans and looked at the annual percentage rate that the companies charged borrowers on all the loans they made last year and so when we looked at the spread candidly. We were quite surprised that it was as wide as it. Was that the best lenders. And the worst lenders were so far apart from one another. The study found that navy. Federal credit union offered people. The lowest rates at the other higher cost end of the spectrum was a lender called new day. Usa it's a new day for veterans. Who want to refinance at me as a vet. The company is a sponsor of the army navy. Football game it runs. Tv ads with plenty of american flags. We wanna do whatever is best for the individual service person. The study found that of the top twenty. Va lenders new day charged. The highest interest rates more than a full percentage point higher the navy federal which over the life of three hundred thousand dollar thirty year loan is more than seventy thousand dollars. More in interest payments new day in a statement said that the study has a quote serious flaw. It said that's because the study lumps together different types of va loans. That are not the same but michael. Hoon is skeptical of that explanation. He's the president of the non-profit center for responsible lending. The information from this lender does not explain their borrowers are being charged so much more than other lenders are charging. Their va borrowers as far as loan depot. The company that john four. I talked to the study. Found that during two thousand nineteen. It's rates were about average. The company is also a recent financial supporter of npr biology. With own up says the big takeaway from his study for him is that people need to shop around and find the best rate that they can and negotiate for the best rate. Because if you don't it could be one of the most costly mistakes you make in your financial life that's good advice for. Va loans and other types of mortgages to chris arnold npr

VA Punto Gorda Patrick Boy Adji Department Of Veterans Affairs Marine Corps Colonel Federal Credit Union John Florida USA Navy Army Navy
Happy 40th Kim Kardashian

Daily Pop

06:29 min | 8 months ago

Happy 40th Kim Kardashian

"Hey everyone. It is Kim Kardashian West fortieth birthday. We're kicking off the party right here right now on daily Pop Justin is out today's Morgan and I are joined by Kisha Knight Polio he's an actress kick ass mom and of course you know her from house of pain and as Rudy from the cosby show Kisha we're so happy you're joining us. Thank you so much for having me. We have so much to get to today we're going to be celebrating throughout the entire show you're going to hear from Kim's famous family. We're GONNA read breaking down Kim's most shocking moments and we cannot talk about him without talking about fashion. They go hand in hand the celebration is going on all day here on e- with the keeping up with the Kardashians marathon and Kim's fortieth birthday special that airs tonight at ten PM. The first Kim has always been an open book and she's made plenty of surprising confessions along the way watch this. You should just be who you are say what you want entrepreneur makeup mogul wife's mother and all around boss I'm going to do whatever I want Kim K. West confessed. There isn't anything she's afraid to do and her mind she has done it all and her crazy confessions don't stop there I. Love it during a livestream. Qna Kim admitted problem member of the Mile High Club she wants had sex in a public movie theater she goes commando almost all of the time wave TMI and she's still owns though seventy five, thousand dollar diamond earrings made her totally lose it. We Know Kim has been working on getting her law degree, but it sounds like she's mixing a little business with pleasure in a new questionnaire for e she revealed she likes a shot of Tequila with a cheeser when she said he's life with about being happy and when she's not hitting the books, she's heading gym her morning ritual includes a five fifty am start time to work sweat. Obviously, all that hard work has done a body. Good. It's not easy at all, but it's not all work and no play her favorite thing to do during her downtime. Text people with lots of glitter sparkle emojis. You could probably guess who he's in contact with most family I no matter what Kimmy also confessed she likes to treat yourself to a little. TV. But the mom of four go to guilty pleasures aren't exactly what you'd expect. I need your help help MTV's catfish is at the top of our list or she likes to unwind with some hoarders on a any. Other crazy Kim Confessions. Everything is always so public. She claims her hidden talent is smelling cavities and there's one celebrity whose beauty left her starstruck. No need to share Kim loves you. She's proved over and over and over again it's just a vibe and the confessions don't stop there. Kim told people she has models drowned her clothes so she can plan outfits in advance and she's spray tans her scalp. So her middle part has that extra glow. Oh that's a good ted. Have, for years, wargin timoth favorite Kim moment all my God. This is the hardest question I've been asked all year producers brought this up yesterday I'm like, how am I going choose but I think it has to be and I know Chris over this but it has to be when she's taking fees when chloe is on the way to jail like that's just know psychotic Kim to me it is it never gets old it so delusional and it's just amazing and why we fell in love with her in the first place it's the best it's that's definitely one of my top wants Kisha what am I okay I'm I'm going to go on the other end of the spectrum you know Kim. been doing things for a long time but you know I have to say it's all of the work that she's been doing to get convicted. Felons out of prison. The fact that she's taking a completely different turn and really helped us her platform to to affect people's lives in a positive way. One hundred percent. That's that's a really huge one and I'm going to it back to something a lot more superficial. I got. My favorite moment is when we just saw in that lovely package, Kim crying over her diamond earrings because honestly girls I relate if I had seventy thousand dollars, diamond earrings and I lost one that's probably exactly how I would react I've had mad but got ensure your jewels have to China and. Ensure those goals. All right. Well, caves fashion has changed so much over the years. So we're going to go deep into the archives. Take a look at Kim style evolution Ooh can really I am be our L. Y. Kardashian. K.. A. R. D. A. S. H. I. A.. Look. Very nice where do you win? Gucci and Jimmy, Choo Shoes and Louis. Vitton back to mix it up a little bit him style started out young and fun experimenting with Different Designers Have Wearing A. Skirt and a La Perla top a wonderful. Share. That'd be the not shoes I want to find something that is young and fun and fresh but still you know how classy and conservative this is my. She transformed into a sophisticated ladies setting the trends that posing Christian Louis, Vuitton he also, I'm wearing Eliah and Lorraine Schwartz I weren't accustomed gown I'm wearing our Kardashian collection leggings put this big waistband. To do we have favor Lon Max Mara when she became apparent this hot mama put her curves front and center. This is John Paul Go. Ta and I love her sparkly. It was it is. And you know I love it I just wanted to really go for it and be kind of like a robot a Blinky Sexy Robot I'm wearing address from revolve. Long Sleeve and it's hot out here. But whatever looks good. It was distressed by Rick Win. All made this for me and I love it him. You'll trade who you wearing. Where we wearing this evening, I'm wearing Vivienne Westwood now. has become so economy or calling it the Kim effect. This

Qna Kim Kim Kardashian Kim Confessions Kim K. West Kisha Knight Vivienne Westwood MTV Morgan Kimmy Kardashians Rick Win TMI Rudy John Paul Lon Max Mara China Mile High Club Vitton L. Y. Kardashian
Should I Use My Employer's Car Lease Benefit?

Ramsey Call of the Day

06:12 min | 8 months ago

Should I Use My Employer's Car Lease Benefit?

"Ethan is in Detroit High Ethan. Welcome to the Dave Ramsey show. Doing great man how can we help? I word for an automotive maker manufacturer and engineer there. Can One of the company perks or benefits I guess. That they offer is a employee leaf option, right? So I I can get a vehicle. It's a one year lease. Yep a London Mile with insurance included YEP and repairs. Repairs Maintenance wrinkly Irish included everything's included. Yep and prior to. Working there I was paying around two hundred insurance. Idea of And I'm debating. So my current payment is around five fifty and actually brought my wife's and on the program recently. I'm debating even worth it to carry that. The Fowler. The lease on your employment on your employees deal. Yeah Okay. You're on and you're driving a nice car. Yeah it is. It's a truck. You you didn't take. You didn't take the cheaper chicken you got the big dog. Well Who is Ford. Our Jeanne outs. I. Chrysler Oh. Okay. All right. Well, I've looked at several of these Nissan is here in our neighborhood I've looked at the Ford one. I've looked at the GM. Went off the top of my head but most of these have nothing to do with a traditional card lease. It's an employee benefit program. You're basically got a car completely furnished miles everything insurance everything's built in at five fifty. You can't touch that truck for that. Truck goes down five, hundred, fifty dollars a month in value if you own it. And you got insurance and maintenance and gas and everything they include gas don't they some of them Goodson doesn't okay but it's got everything is maintenance included. All maintenance. So car breaks, you just take it in. Yeah. So this is not a this is an employee benefit. This not lie to Lee. Not, Your Evil Carly's program right that the other side of your company sales. But this is a great deal for you Ethan driving around. Yeah. It's a round. where? I, thought you were thought. Dadgum usually, it's not five fifty. It's usually like three hundred when I'm running into these things but you got your driving seventy thousand dollars truck. That's the thing. So good for you. You cannot touch that truck for that kind of money it's six grand a year and everything's G. if I worked there I would do that deal. This is not a finance plan. This is not a lease. This is a simple employee benefit and it is a killer employee benefit do it I guess we're kind of debating knows. So my wife is on it too. She has a wrangler. Yeah, and I'm wondering if it's worth to have two vehicles on that, we're trying to get something cheaper off. Let me try this again, you cannot operate a vehicle for three times what you're paying. Car Think. About. It add insurance. Maintenance depreciation. In value right now, put those three numbers in the calculator. Do the truck you're driving it takes fifteen, hundred, fourteen, hundred dollars a month to replace it. Okay because a stupid things going down in value more than you're paying a month, not counting the maintenance in the insurance. And the same for her now. The question is. Can you afford? Are you? Are you biting off too big a bite of the apple here is your household income, support these payments but the bottom line is if you if they support these payments and you were to buy this vehicle, you're going to have three ex in the vehicle what you're paying. Okay so it's a great deal. Do as many as you need to do as long as you can handle the cash flow out of their income, which is unbelievable. So would a situation like this? Dave, if you were to leave the company, you're just turning in the vehicle. Yeah you lost it. You lost your employee benefits. You lost it. Okay. And you and you do need to flip it every year because they're they're flipping these things out that you know it's a small percentage of their total production under the employees right but the Nissan plan is very similar. Right down here, the road from us the the Ford is very similar. I've seen those and BMW's and other one's got. They've got one that's pretty similar to the guys over in south, Carolina that listen to us over there at the beamer plant It's got the same option and driving a stink in beamer for a third a fourth of what it would cost you. Anyone else. To buy it outside of that employees listen everybody out there that's listening real quick. We're talking about an employee benefit program not nataly idolise yeah, I. Don't don't don't blow up men box with this It's an employee benefit plan, which is why people were able to do that. So it's part of their recruiting. It's part of the benefits that they're given to their team members. So just wanted to clarify that. Yeah. In his case on that layer worth hit the employee benefit. The value to him is around a thousand dollars a month because it'd be fifteen hundred to replace what he's doing for five hundred. Oh. Yeah. His truck payment. Yeah Without A. That's another twelve thousand dollars a year in income are effectively his benny package is adding. Another two thousand dollars a year to his value again, assuming you can support that level of truck with your income. We not ask Denka I got sidetracked on that. But as Chris said, it's very, very, very smart to say. out loud. We are not saying it's okay at least a car this is not leasing a carton. This renting from your employee employer has a benefit that's all as they call it a one year lease, but you can turn it anytime. You want I don't even hold you to that on this. Very, very good.

Truck Ford Ethan Dave Ramsey Nissan Engineer London Detroit Fowler Goodson Carolina GM Denka BMW Benny LEE Chris Apple
Donald Trump 'paid $750 in federal income taxes in 2016 and 2017'

World News Tonight with David Muir

04:40 min | 9 months ago

Donald Trump 'paid $750 in federal income taxes in 2016 and 2017'

"We begin tonight with that bombshell report on President trump at his taxes the election just thirty six days away now, and this is the most extensive reporting yet on the matter reporters at the New York Times revealing, they have examined eighteen years of president trump's taxes eleven of those years they report president trump paid no federal income taxes at all and the year he won the White House they say he paid seven hundred fifty dollars in federal income taxes the same the following year. That's about the same amount of American worker earning twenty thousand dollars a year pace federal income taxes seven hundred, fifty dollars. The Times points of those eleven years in which trump paid no federal income taxes at all and the Times also reporting that the president is hundreds of millions of dollars in debt more than four, hundred, twenty, million, they say in debt that could come do over the next four years if he's elected leading new questions, who is that money Oh to? Of course, all of this just twenty four hours before the first face to face debate between president trump and Joe Biden here's our chief White House correspondent Jonathan Karl leading off tonight. On the eve of the first presidential debate, the American public is getting what's been described as the first detailed look at one of Donald Trump's most closely guarded secrets, his tax returns in its Blockbuster Report The New York Times reviewed detailed information on nearly two decades. Worth of trump tax returns. The details are startling trump paid no federal income taxes at all in eleven of the eighteen years they review. Twenty sixteen the year he won the White House trump reportedly paid only seven hundred and fifty dollars for a first year in office. He again paid just seven hundred, fifty dollars seven hundred fifty dollars is roughly the federal income tax bill of someone who makes twenty thousand dollars a year at the White House the President insisted the Times report was not accurate well, first of all, I paid a lot a lot of state income taxes too but state and federal income taxes are two different things the president built his brand and his campaign on being a business genius with the MIDAS touch have great business sense I made a lot of money and I had great success. So I've had great success by the way really successful but the Times reports the trump businesses including his golf courses and resorts are actually awash in red ink. His Washington hotel reportedly lost fifty five point five, million dollars since it opened for years ago his foreign ventures according to the Times are among the few that have actually made money since he became president more than seventy, three, million dollars some of the most profitable countries with authoritarian leaders including the Philippines and Turkey when trump ran for president the first time he insisted he was loaded with money and had almost no debt whatsoever anybody I don't need that very interesting. I'm so liquid I don't need that and if I need but the Times reports the president is actually drowning in debt including more than four hundred, twenty, one, million dollars that could come do over the next four years the paper noting that if trump is reelected quote, his lenders could be placed in the unprecedented position of wing whether to foreclose on a sitting president today the president tweeted he has very little debt compared to the value of assets. He has repeatedly said his tax returns are under IRS audit it's. They've been underwater for a long time. The IRS does not treat me. Well, the newspaper reports the IRS is in fact investigating a seventy two point nine, million dollar tax refund the president received in two, thousand ten and whether he took improper deductions, the times found trump took tax deductions for money spent on his lavish lifestyle including seventy thousand dollars on hairdressers during his time on the apprentice and more than ninety five, thousand dollars for vodka trump's makeup artist. The President says he is entitled like everyone else to depreciation and tax credits. Refused to turn over his tax returns but he's also bragged about his ability to avoid paying taxes. The only years that anybody's ever seen where a couple of years when he had to turn them over to state authorities when he was trying to get a casino license and they showed he didn't pay any federal income tax so. Eight zero that means zero for troops. The Biden campaign points out that most voters do pay taxes releasing an ad today highlighting working class people who have paid more federal income tax than the self described. In the White, house.

Donald Trump President Trump The New York Times White House Joe Biden IRS Chief White House Corresponden The Times Jonathan Karl Midas Washington Turkey Philippines
Trump paid no income taxes in 10 out of 15 years beginning in 2000

World News Tonight with David Muir

04:40 min | 9 months ago

Trump paid no income taxes in 10 out of 15 years beginning in 2000

"Begin tonight with that bombshell report on President trump at his taxes the election just thirty six days away now, and this is the most extensive reporting yet on the matter reporters at the New York Times revealing, they have examined eighteen years of president trump's taxes eleven of those years they report president trump paid no federal income taxes at all and the year he won the White House they say he paid seven hundred fifty dollars in federal income taxes the same the following year. That's about the same amount of American worker earning twenty thousand dollars a year pace federal income taxes seven hundred, fifty dollars. The Times points of those eleven years in which trump paid no federal income taxes at all and the Times also reporting that the president is hundreds of millions of dollars in debt more than four, hundred, twenty, million, they say in debt that could come do over the next four years if he's elected leading new questions, who is that money Oh to? Of course, all of this just twenty four hours before the first face to face debate between president trump and Joe Biden here's our chief White House correspondent Jonathan Karl leading off tonight. On the eve of the first presidential debate, the American public is getting what's been described as the first detailed look at one of Donald Trump's most closely guarded secrets, his tax returns in its Blockbuster Report The New York Times reviewed detailed information on nearly two decades. Worth of trump tax returns. The details are startling trump paid no federal income taxes at all in eleven of the eighteen years they review. Twenty sixteen the year he won the White House trump reportedly paid only seven hundred and fifty dollars for a first year in office. He again paid just seven hundred, fifty dollars seven hundred fifty dollars is roughly the federal income tax bill of someone who makes twenty thousand dollars a year at the White House the President insisted the Times report was not accurate well, first of all, I paid a lot a lot of state income taxes too but state and federal income taxes are two different things the president built his brand and his campaign on being a business genius with the MIDAS touch have great business sense I made a lot of money and I had great success. So I've had great success by the way really successful but the Times reports the trump businesses including his golf courses and resorts are actually awash in red ink. His Washington hotel reportedly lost fifty five point five, million dollars since it opened for years ago his foreign ventures according to the Times are among the few that have actually made money since he became president more than seventy, three, million dollars some of the most profitable countries with authoritarian leaders including the Philippines and Turkey when trump ran for president the first time he insisted he was loaded with money and had almost no debt whatsoever anybody I don't need that very interesting. I'm so liquid I don't need that and if I need but the Times reports the president is actually drowning in debt including more than four hundred, twenty, one, million dollars that could come do over the next four years the paper noting that if trump is reelected quote, his lenders could be placed in the unprecedented position of wing whether to foreclose on a sitting president today the president tweeted he has very little debt compared to the value of assets. He has repeatedly said his tax returns are under IRS audit it's. They've been underwater for a long time. The IRS does not treat me. Well, the newspaper reports the IRS is in fact investigating a seventy two point nine, million dollar tax refund the president received in two, thousand ten and whether he took improper deductions, the times found trump took tax deductions for money spent on his lavish lifestyle including seventy thousand dollars on hairdressers during his time on the apprentice and more than ninety five, thousand dollars for vodka trump's makeup artist. The President says he is entitled like everyone else to depreciation and tax credits. Refused to turn over his tax returns but he's also bragged about his ability to avoid paying taxes. The only years that anybody's ever seen where a couple of years when he had to turn them over to state authorities when he was trying to get a casino license and they showed he didn't pay any federal income tax so. Eight zero that means zero for troops. The Biden campaign points out that most voters do pay taxes releasing an ad today highlighting working class people who have paid more federal income tax than the self described. In the White, house.

Donald Trump President Trump The New York Times White House Joe Biden IRS Chief White House Corresponden The Times Jonathan Karl Midas Washington Turkey Philippines
Insider trading issues raised after Kodak's stock gets hot

CNBC's Fast Money

02:38 min | 10 months ago

Insider trading issues raised after Kodak's stock gets hot

"Shares of Kodak taking another leg lower today as the drama around the company Continues Swirl. The latest twist. Kodak. Significantly up to its lobbying spending before being awarded seven hundred and sixty five million dollar government loan according to Reuters Kodak Spent Eight hundred seventy thousand dollars in lobbying efforts between April and June. Compare that to less than five thousand dollars it spent in Q. One of twenty, nine, thousand, nine, hundred now as. We've been reporting here on fast money. The rise in Kodak's years before news officially broke of that government loans, concerns of insider trading and an SEC broke the company's earnings call last night Kodak CEO said, he supports the government's decision to put the loan on hold until I'd investigation is complete. Karen you have puts in this stock. What is remarkable is that it's nowhere near the level it was trading at prior to the win the loan was announced. Right. Five hundred percent more than that. It's interesting to me that that's a great return on those lobbying dollars, right? I mean eight, hundred, thousand. Seven hundred sixty, million dollar loan or whatever. It might be I think the CEO had to say that I don't really know what else he can say like does disregard those that all that option noise give us the money anyway I think that this I think it's sort of become an embarrassment of to the trump administration and they probably should just. Speaking now someone who's long puts right that they should just let this one go and not not fun this loan it's too noisy. Ten and Every part of that option is just terrible right Tim. What it gets back to you know even if they get the loan, are they the right company to be producing the pharmaceutical? Talk. Once upon a time, try to be a blockchain company. Now back to photography company trying to be a generic drugmaker ingredient maker is right company. I mean. This is a company that has tried to reinvent itself Multiple Times since twenty twelve bankruptcy. And so I just it's hard for me to understand. We don't have enough of a show to talk about the what lobbying efforts or like and the impact and how the shouldn't happen anyway even with real companies. But I think if you look at the trading volume volume on the stock, it went from trading by appointment to trading two hundred and fifty million shares at its peak two weeks ago It's still trading about nine million shares to about eating a million dollars of turnover which tells you there's just an extraordinary backdrop still I agree with Karen, I think there's more to go here.

Kodak CEO Karen Reuters SEC TIM
General Motors unveiled the Cadillac Lyriq crossover

CNBC's Fast Money

03:44 min | 11 months ago

General Motors unveiled the Cadillac Lyriq crossover

"Trying to capitalize on the red hide electric vehicle market with an all new ev crossover. Let's get to fill Abo-. He's got all the details hey phil. Hey Melissa. This has been in the works for some time and General Motors has made it clear. Cadillac will be the brand that will lead all of its major technology push into electric vehicles over the next several years. So with that in mind last night, they gave us a first look and here it is the new Cadillac Lyric, which is a mid size crossover utility vehicle. This is pretty close to what it's GonNa look like when it ultimately comes out in a few years when you look at the lyric keep in mind that they're saying that. The range will be at least three, hundred miles and the inside has just phenomenal appearance in terms of what it will do with the heads up, display the panel in the front in front of what they call the cockpit behind the instrument, the instrument panel behind the steering wheel it looks fantastic but keep in mind. This is a vehicle that we will not see until twenty, twenty two. That's because they have to build out charging infrastructure around the country. They're not even saying, Hey, we don't know exactly how much of a charge you're going to get with. A quick charge let's over twenty or thirty minutes but the goal here is to become much more competitive and ultimately beat Tesla. Yes. General Motors believes that it can be Tesla if they're gonNA do that they better win in California that is the number one ev market in this country take a look at sales last year we're just showing brand sales here between Tesla and Cadillac, and when you compare the two no comparison at all that is Tesla's biggest market and they're doing quite well there you go. Seventy, two, thousand last year were sales of tests in. California Cadillac little over eleven thousand, they've got their work cut out for them and certainly have their work cut out in terms of catching up to them when it comes to market cap tesla's market cap more than seven times bigger than General Motors in one other piece of Ev Related News. We've been talking about spanks Melissa. You've got fisker, which is what about three weeks ago there was a SPEC that was announced that fisker will ultimately go public through. Well, today they announced that this car, the ocean ev will be built by Magnus tear at Magnus tears. Facility over in Europe we should be clear here. They did not announce that our sources tell us that we reached out to the company. They say they have no comment at this time, but the bottom line is this Melissa everybody wants to get into this space, but we're not going to see a big flutter flurry of these vehicles for at least a couple of years. Thanks, Philibeaux. Bond when I'm not quite sure what the strategy is for releasing the specs of a cool looking car that won't be on the market at all until two, thousand, twenty, two I don't know if people are going to hold off and say, I'm GonNa wait for that Cadillac lyric and not by my tests because the lyrics going to come out and twenty, twenty two. I. Don't know what do you think? Yeah. Patience is a virtue but not not when you have somewhere to be so listen conceptually I do think it makes sense for for Cadillac they've been trying to shift their demographic for years. Now I think they've had a storied past of being a large boxy car I mean you think of an older generation and they've they've gradually typically captain gradually shifted that demographic but that's just it's a concept we're talking about latter half twenty, twenty, two, I mean, what does the consumer demand look like what is the infrastructure look like and then what other technological developments have been made by Tesla and other competitors by the time they're actually able to bring this thing to market. I also thought it was interesting that they had already pegged price in the seventy thousand dollar range. We don't know if that's really going to be an ethical applicable price point two years out. So again, think it's a great headline tension grab her nights in.

Cadillac Melissa Tesla General Motors California Fisker Europe Magnus Phil
Project Roomkey Updates and Expansion

The KFBK Morning News

00:56 sec | 1 year ago

Project Roomkey Updates and Expansion

"Project room key launched by governor Newsom designed to house the homeless in hotels is apparently expanding to another northern California county KP case Mike Barker reports from Butte county more than four hundred and seventy thousand dollars will be coming to Butte county to help house the homeless as part of emergency cove in nineteen relief funding from the state county chief administrative officer sherry McCracken says project room key will house high risk people during this crisis which is where we are putting high risk homeless are unsheltered individuals individuals that may have been exposed or individuals that actually don't need to be hospitalized but need to be quarantined or isolated we're putting them in hotel rooms the one time grant from the state is designed to help counties protect the health and safety of the homeless populations and reduce the spread of cove in nineteen my pocket news ninety three point one

Mike Barker Butte County Governor Newsom California Chief Administrative Officer Sherry Mccracken
miami - Wanted in Miramar: NFL Players Deandre Baker & Quinton Dunbar Accused Of Robbing Partygoers At Gunpoint

WTOP 24 Hour News

00:29 sec | 1 year ago

miami - Wanted in Miramar: NFL Players Deandre Baker & Quinton Dunbar Accused Of Robbing Partygoers At Gunpoint

"Two NFL quarterbacks are still on the run from the law Quinton Dunbar in the Andre Baker were issued warrants for armed robbery in Miramar Florida the Redskins traded Dunbar to the Seahawks in late March while Baker was a giants first round draft pick last year according to TMZ they had racked up seventy thousand dollars in gambling debts in high stakes card games and had a cook out Wednesday night Baker pulled out a gun and directed to others to start robbing gas police say they have been in contact with their

Quinton Dunbar Redskins Seahawks Giants NFL Andre Baker Miramar Florida
Will a Universal Basic Income finally get a real shot?

The Big Story

14:46 min | 1 year ago

Will a Universal Basic Income finally get a real shot?

"You can say one thing for the current crisis. It's given us a chance to try a lot of things that we might never have had the will to do otherwise I amongst those just giving people money okay not everyone but millions and millions of people in Canada and not forever but at least for a few months and this isn't a new idea. It's been around in some form or another for decades. You probably know it as universal basic income and you might associate it with the most progressive voices come the liberal side of the spectrum and you may also associate the opposition to it with complaints of lazy people want free cash instead of working but despite having a long history as a potential way to ease poverty and improve health. This has never been tried on a large scale or for a long time. So the people arguing on either side of it have never had enough evidence to prove their point. So it's been a political football until like with so many things. These days along came the virus and now getting money to people who need it quickly is absolutely essential governments around the world even the most conservative of them have done that and those who support or oppose that kind of policy have mostly agreed on the need for it. It's what happens next. And what we learned from that will determine if we finally give a universal basic income. A real shot. So we'll explain history of the policy small tests that we've seen on it be political behind it and whether or not it will stick around when we get out of this current mass. And we'll do that as soon as Claire gives the details on this current mess cargill is dealing with the outbreak at one of its meat processing plants. This one isn't Schambori Quebec southeast of Montreal. Sixty four workers have tested positive. There cargill had another outbreak a few weeks ago at a beef packing plant in high river. Alberta in that outbreak more than nine hundred workers tested positive. It reopened last week after a two-week shutdown also in Quebec schools in the western part of the province are set to reopen today but attendance is optional. Desks will be spaced apart. And there can be no more than fifteen kids in a classroom at a time. Ontario reported the lowest number of cases of Cova nineteen for the province on Sunday since March. Two hundred ninety four new cases. And this comes. The province reopens Provincial Parks and Conservation Areas. Although camping is still not allowed and things like beaches playgrounds and public washrooms are still off limits. And lastly schedule and is suspending the sale of alcohol in the Northern Community of La Lush to help control the spread of cove in nineteen. The alcohol store will be closed for two weeks. To prevent people from gathering. There will be support for those at risk of alcohol withdrawal as of Sunday evening. Sixty eight thousand eight hundred and forty eight cases of covert nineteen in Canada with four thousand nine hundred and seventy deaths. I'm Jordan Heath Rawlings. This is the big story Max. Faucet is a writer and a reporter for many publications including on this project for the Walrus. Hey Max he joined our. I'm doing as well as can be expected. Which is how everybody should hopefully answer that question. These days you start by defining What is a universal basic income Broad is that term. And what does it mean? Sure so I mean you know this is an idea that's been around for some time now and and there can be competing definitions and I suspect. We'll get into that in a second but the one that I adhere to the one that you know certainly I informed Andrew Yang's campaign in the United States and that has been informing most of the conversation about UBA. Right now is It has three conditions it's automatic. It's unconditional in its non-withdrawal. So basically that means it comes every month doesn't matter who you are you get it. You could be making a lot of money or a little money and you get it. And then it's non withdraw so It's not means tested. So it doesn't get clawed back you know as you as you make more money you know. There's much conversation on you know econ twitter about various amendments and adjustments to that formula. But I think that's a good way to think about it. Can you give me a little history of it? You mentioned it's been around for a long time Has it been tried for real anywhere where to come from that? Depends on your definition of for real right. I think people look at the idea of giving people money from the government. And they think well this must be a left-wing idea but actually the first real experiments with it happened in the nineteen sixties and early nineteen seventies and it was driven by a Richard Nixon and Milton Friedman. Who is the father of supply-side economics? Yeah they saw it as a way to replace the welfare system and so they their idea of a basic income is not quite the way I just defined it. It was something called a negative income tax. And so let me. Just get a tiny bit. Wonka share the way it worked in their conception is basically they would give people a percentage of the difference between their income and defined income cutoff or like the point where they start paying income taxes so if they set the cutoff at let's say forty thousand dollars and the negative income tax percentage was fifty percent. Someone who made twenty thousand dollars a year would get ten thousand dollars from the government. They made thirty five thousand they would get two thousand and from the government so is this sort of sliding scale where topped you up up until a certain point and then it went away right. They cancelled it in one thousand nine hundred and you know the the the Reagan era kind of buried it under under Nixon's legacy in Canada. Did something called the men come experiment? Which was the Manitoba Basic Income Experiment? That was more that was closer to the basic income that that I described earlier in the one that a lot of people are talking about right now so that says that gave thirteen hundred urban and rural families in Winnipeg and don't Fan Manitoba with incomes below. Thirteen thousand dollars a year back then money. But by the time that the data was collected in nineteen seventy eight so they ran up from seventy five to seventy eight. The Canadian government kind of lost interest in and they cancelled the project. So we've had these these aborted attempts to gather a sample and it hasn't really provided any conclusive evidence In the in the American one. There's some evidence that it that it you know Negatively impacted people's willingness to go to work in the Canadian won the data suggested otherwise. But there just wasn't enough data to conclusively determine the impact of giving people money on their both on their willingness to work and on on the outcomes that the government's wanted to test. Which is you know better. Health Outcomes Better Labor outcomes better social outcomes so you know the jury was still out right. Will what kind of a sample size and study length? Would you even need to determine that because again we had one or at least something like one here in Ontario Under Kathleen Wynne. A few years ago and the next government came to power and it was immediately phased out. So you know. I don't think we got more than two or three years out of that either. So what kind of scale are we talking about? Yeah I mean to make it work. You would needs multiple cities multiple tests populations and a long duration of study. This is this is a a bold policy intervention but you need to be able to control for extenuating circumstances and factors the Ontario project. Was it had some really promising results. As it turned out there was a study group at McMaster that basically interviewed the people that participated in the program. Some of the data they had eighty percent of of people reporting better health outcomes. They were using less tobacco drinking. Less eighty-three percent said they had better mental health. They were feeling less stressed. They had a better diet And there was even interesting. Data around better labor market outcomes people were basically using the minimum income the guaranteed income to improve their jobs to look for better job. So it's disappointing that the government scrapped it after basically what amounted to one year and left us in the same spot that we've sort of always been with these things where we just don't have enough data for either side to conclusively prove that their argument is right and you know maybe not maybe now is the opportunity to kind of walk in that that longer sample size but you know the problem here is that. It's always tempting for governments to to start these programs and then abandon them or different governments to come in and cancel them. You'd need some sort of agreement by all parties that they're going to let this run. Its course and we haven't really seen that yet. So you mentioned that it's seen mostly now at least as a left-wing idea might have begun under Nixon. But certainly I think that's how most listeners would frame it as you know Whether or not you support it About the side of the spectrum that it comes from but as we've started to see government's realizing how badly they need to help people as the economy collapses during this pandemic have seen any movement On the other side of the aisle towards this kind of idea I think we've seen much more movement on on the conservative side than we have on the progressive side the beano progressives are are are very wary of guaranteed income proposals because I think you know quite rightly they remember certainly the academics who studied this. They remember that it was originally an idea that was intended to get rid of welfare and other social supports and that is always a concern that if you bring in a guaranteed income. Is it really just an attempt to shrink? The size of the state is an attempt to get rid of targeted support programs that that make people's lives better and I think that's a totally valid concern when I when I posted my article from the wall or something twitter. I got a lot of feedback from economists about that where they basically said you know. Oh here we go again. People people don't realize that this is a an attempt to slip in through the back door reduction in social programs. That's really interesting. Yeah but you know. Over the last few months we've seen a really array of conservatives. Come out and say that this is a good idea. Hugh Seagull. Who is a former senator standing red? Tory I WOULD. I would describe him as a thought leader. He's been he's been banging the drum for for guaranteed income for quite some time now but he was always sort of out there in the wilderness as a conservative suggesting that this was a good idea and he wasn't one of the ones who was saying that it should replace social programs. He was saying it should be an augmentation to them but in the states over a matter of weeks you saw people like Mitt. Romney coup is basically the Avatar of hedge fund capitalism. Coming out and and suggesting that this was a good idea that would support. Americans during the fallout from Cova and ultimately Donald Trump's government. It's not it's not a permanent basic income. But they sent a check to every American and that is sort of one of the hallmarks of a basic income. So it's interesting the degree to which we've seen conservatives rally behind this particular policy flag. I think that it is driven by shorter. Term political objectives American politicians having election. That they're looking at in November and one of the surest ways to get defeated is to be in being government while people are losing their jobs losing their homes losing their livelihood so I think it's more self preservation than a genuine change of heart but in from a policy perspective. You take the support where you can get it and you build on it from there. So you know I think advocates of a U. UB. I should take their support and and leverage it in order to build their movement if you can may be explained to me the thought behind the benefits of this applying to absolutely everyone including people who have job because that's really And we can debate in Canada versus the US for however long. But that's that's like the primary difference between what trump's government has done and what Canada's done with the baby. Yeah that's the tricky part. That's the part that a lot of people struggle with conceptually and intellectually as is the idea of giving people who don't need money more money right. Yeah and Ken Boston cool. Who is is a former adviser to Stephen Harper and Christy Clark? He's been kind of driving the bus in Canada around the need for a UB. I you know he's he is preferred that to the more targeted approach that the government has taken with Serb. You know his idea in the short term is we just need to get money into people's hands right. Now we need we need to stimulate the economy and ultimately will tax it back next year on people's income taxes that's the thing about a guaranteed income in the context of the system. We have here is if you're making sixty seventy thousand dollars a year. This is going to a portion of this. We'll get taxed back right and so it's not. It's not really free money. It's a little bit of free money and I suspect there would be some social programs that would get pulled back a little bit to to make the numbers work but you know at the end of the day. I don't think you can let the weaknesses in the policy that that might impact a few people. Override the benefits that would impact far more people. You know there's there's all sorts of data out there that suggests that a basic income would actually stimulate economic growth. There's all kinds of data that suggested improves. Health outcomes and Lord knows improving. Health outcomes would save taxpayers and the government a lot of money. Because that's where an increasing increasingly large part of our social budget is going and we'll continue to go in the years and months to come so you know it it is It's a tough idea to get past for some people that I find working already. Why should I get more money from the government but that money's going back into the economy and it stimulating economic growth that supporting jobs? It's reducing healthcare costs. You know I think there's a pretty good case for it and and you know it's one that we should be willing to explore. I am I am more than open to criticism about the cost factor that I suppose we can get to that in a second but I think we also need to look at the benefits and look a little a little bigger in terms of where those benefits accrue it. It's not just lifting people out of poverty. Although that's that's an obvious benefit it's improving people's health outcomes improving their labor market outcomes. Let's people who have a

Canada Richard Nixon Ontario Cargill Cova United States Claire Schambori Quebec Provincial Parks Manitoba Mcmaster Twitter Winnipeg Jordan Heath Rawlings Quebec La Lush Alberta Kathleen Wynne
Direct Connections - Chuck & Matt McMurray

Talking Mopars

09:48 min | 1 year ago

Direct Connections - Chuck & Matt McMurray

"All right introducing my guests for the first edition of direct connections. Chuck mcmurray and his son. Matthew mcmurray guys. Are you doing good good and happy Easter by the way Yeah Happy Easter? Do you guys to before we get into your current mo par endeavors. Let's rewind time a little bit and chocolate start with you. What got you into Mope ours. So it's an interesting thing. There was a A nineteen eighty eight hot rod magazine. Maybe it was car craft and they had the the top ten fastest cars of all time and they were measuring the cars in various road courses in quarter miles and things like that and so you know at the age of thirteen. I was really into like Lamborghini. Coon Tauch Ferraris did not the cars and car that owned the quarter mile for that particular top. Ten that they did was a sixty two Max Wedge Dart Right which is the opposite looking of a Lamborghini coon touch and I was just completely floored that something that was that ugly could be that fast and so that kind of caught my eye and from then on I just started picking up reading magazines and kind of following the Mo par story and of course once you get into the four twenty six Hemi content and you realize how many engines they own in straight line racing. They've been pretty much the dominant force when it comes to top fuel and those types of engines and things and so I stuck with it then Got Into my own cars. When I was fourteen. My Dad let me by a seventy four valiant with three hundred bucks out of a walgreens parking lot in Chicago knew nothing about it. You know toward the slant six out and and learned the hard way and After that got into a sixty six cornet and from then on it was it became pretty natural to me to be able to fix stuff was always kind of good with my hands and just fell in love with the brand which was weird because in the early nineties you know. Mo- par didn't have nearly what they have today. Or what the late sixties so sure it was definitely a hard time to be the underdogs so to speak. Definitely Matthew. What about you? Obviously your dad had to have some sort of influence on you and your love of no go ahead. Go ahead and tell your side of the story. Yes so I mean I've actually got two different peaks Because I'm interested in both old offers annual And the the new generation are and actually both have to drexel cars that he's bought so that goes twelve years old. My Dad Decides to tell me. Hey we're going up to Wisconsin and we're GONNA TALK HUNDRED DOLLAR. Nineteen Sixty six dodge. Coronet THE ROAD. Kill the road kill influence. We actually did have a pretty big influence. And I can't leave that part out because I started watching roadkill with him and that definitely sparked the interest in him to want to go and fight in this car. So it's kind of whole cycle on. We started with them. And so when up to Wisconsin? We bought this car and drove at six hours home and it was incredible. That was we almost did. Maybe almost didn't make it. We ended up. You ended up getting home all right and we spent six months with that car before we decided to try it out for our newest nineteen seventy-three Dodge coronet which we still have today. But then so that's my interest in Olmo parts. That's how it all started and now since day. I'm actually driving a nineteen seventy seven plymouth. Which we bought on Saint Patrick's Day this year green current Saint Patrick's Day in and right around the same time my dad decides to get a two thousand ten dodge challenger Archie. And I'll be honest at first I was not kind of it. I was Kinda weird new car. He's always had cars around and then we decided to take it out to route. Sixty six raceway out here. Julia took it down the track. And I for some reason to seeing the car out on the track comparing its other cars. My Dad was out there I was like this is so awesome just the track experience everything about it and pretty much that moment on just seeing the cargo down the track during during a testing tune into it was awesome. Was that your first time at the drag strip. No I've been since I was like three dragged him out every summer and spring we would go down there and go to the MCA events and took him to the Shows when he was so young. The only thing you wanted to do is by matchbox cars and free ice cream. I think the influence of seeing enough of it you know. He started to kind of pick up the hobby and took to it. Pretty naturally right on right on well now that we have a little bit of your background. Let let me ask you a couple of questions. We get into your businesses journey. What do you guys think about? The current mopey marketplace as far as where pricing is for not only project mopeds that are classics but also fully restored Mo- parse. How do you feel about that? You know it's interesting Because you know we've done worked for retailers in the automotive market we've kind of followed where the investment Moped level cars have gone since you know after the economy crashed in two thousand nine and it really got inflated right. It was almost frightening to think that if you wanted to go out and get a four forty four a barrel automatic body that you're GONNA be spending at least forty thousand dollars for something so that was crazy but I am happy that the market is recognized that these cars important enough to put the money into them and take care of them because so many of them just got left out in the weeds and crushed and everything else. So it's been interesting to see kind of how that's continued to change over time but what? I found what I found really interesting where you know. The price of the aftermarket is gone. It's actually a lot cheaper now than it was so many years ago to be able to build engines and get parts. There's you know we went to. Sima last Fall and you know you go to the Diamond Piston booth. And there's four different piston types just for the four hundred in a low deck engines. There was stuff we dreamt of twenty five years ago so I think that's great and the new stuff has certainly respond generation in the market You know it's challenging that hell cats. Are you know to get into one now? If you're going to get into a used one you're probably looking at forty forty five thousand but the demons you know. They're still at that inflated price is you know even with all the incentives you're still looking at a seventy thousand dollars. Eighty thousand carbajal are also buying a ten second. Turnkey Quebec killer so I guess that does make sense. But it's it's really exciting time and I think It has never been good to be a mope or guys it is at least in the last couple of years and my personal. I definitely agree. What about you matthew? What do you think about? These prices are the crazy. Or what for me definitely barely for anything that any of these cars I see him? I'll go on facebook marketplace a lot. Just dream you know. Look at Ebadi's I'll look at peabody charters and stuff and I'm just thinking to myself like if it weren't for the fact that he was into the stuff I would just continue to dream and but I think that it's words at is pretty good because if you look at the comparison of other domestic vehicles New prices used prices. They're they're pretty expensive and I mean it's when you're in the restoration market alone. You're looking at expensive prices anyways. When you're going to get into a project you know you're GONNA be spending money but I would definitely say that. For where things are you know. Where the economy is. I think that the prices are very reasonable and and for some cars for some. I feel like you know the demon. The inflation should go down. I'm hoping it goes down as I just I mean. It's an incredible carbon. I just one hundred and thirty nine hundred now. Let me ask you both this. Do you think that 'cause I I've been seeing almost a divide between modern moped enthusiasts and the the old school guys for lack of a better term. Do you think it takes a little bit of fun out of the equation when you go out him by say a demon or even a hell cat or a hell cat red eye because they're already fast out of the box so like you know you dump will say fifty thousand or a hundred thousand plus on a car you know unless your pockets are really deep. I mean how much modification are you really going to do? How much fun are you really going to have aside from just turning the key in going? Do you think that those cars take the fun out of it you know? It's it's a twenty to say that because we've we've really Invested in in both old and new and having a two thousand fourteen thirty eight that ran he got an eleven ninety. Three out of it with soft tires out of the box mods and It was neat. Because you know out of the box you can go that fast but at the same time. There really wasn't a lot that you could touch easily. If you'RE GONNA make one modification you need at least a tune and with a tune in a few modifications if you put the Karni Eleven's then you need to start trason Dr Line making improvements and so it's really never just a bolt on. It's a few thousand bucks so you know I'd say that it's reinvigorated the market but I would agree that there seems to be kind of a divide between the folks that did restoration and were part of this for thirty or forty years and what the new market has done but in some ways it has kind of taken the fun out of. I think you know when when you can get in a red eye in run ten teens or high nines to do that in a body would require a lot more. Yeah so it makes it easier if you are not mechanically inclined and you don't have tools but at the same time it has reset the bar for. What is a fast car? So it's a it's interesting right but they're also forty six hundred pounds. So you know the safety equipment. My concern with a lot of those cars. What happens if you do have something happen at the end? I mean forty six hundred pound car versus twenty. Eight hundred pound. Cars is a lot more inertia

Matthew Mcmurray Wisconsin MO Saint Patrick Lamborghini Coon Tauch Ferraris Chuck Mcmurray Dodge Coronet Olmo Facebook MCA Chicago Julia Quebec Sima Ebadi
An Open Source Economy of Abundance with Marcin Jakubowski

Buddhist Geeks

11:07 min | 1 year ago

An Open Source Economy of Abundance with Marcin Jakubowski

"Hello everybody Vince Horn here for another episode of Buddhist Geeks and today I am very very delighted to be having a conversation with Martian Jukovski. Good to have you on the show Martin and thank you so much for taking the time to chat with the Buddhist geeks. I'm really excited about this conversation. Because so much of what you're doing. Feel a resonance with but it's also different from what we're doing here Buddhist excited Dick's where the intersections excellent. So let's dive right in. Okay I've got my bathing suit on and I'm ready to go seven Fahrenheit and sweet Maysville Missouri. But I'll join metaphorically awesome are you. Are you at the factory farm right now yes. That's the Kansas City area. Okay cool and I and I understand that. You have also google fiber out there. Oh and that's an addition since about a year now and that's why we can have this conversation hopefully seamlessly today. Yeah no mood. That's a big game changer fiber. We spent the money on a week. We got the pipes run here. Trenched bury them and the whole facility with Up to four GIG. Wow that's awesome. See if you're kind of you're living the dream for me. Which is you've got high-speed gig multi gigabit Internet and you're out on a farm building Chit Really Cool. I'm excited to talk about your work so so I saw. I saw your tedtalk a number of years ago. Odds probably about ten years or so ago now Something like that and and just immediately was like okay this person and your partner Katharina. Y'All are doing really interesting work with the open source ecology movement and In that talk you spoke about the global construction kit which you know. Last time I checked this is like a fifty fifty or so different items that you're looking to build open source that the kind of you would be necessary for human civilization to To to this global village construction set fifty industrial machines to create small-scale civilization with modern comforts essentially the critical machines from tractors bread ovens production equipment energy equipment and and Carson everything. You need to create infrastructure. That's the basis of thriving than so we can talk about then getting meditative but you have to provide some basic needs. I yeah you can't you can't just Meditate without without some basic needs Yogis the the people they had their comfortable caves and flame. That's right that's right. Yeah and some nettles to eat right and and and you're going to see the vision that you'll have is is going well beyond that. I mean you're talking about being able to replicate modern comforts without having to rely so much on the sort of centralized modern systems that we've all come kind of dependent on. Yeah exactly the idea is. Let's distribute the economy. So right now we're in a state of centralization but the fund that by fundamental design we have a distributed world and I think that comes from the first principle of energy energy is distributed. Solar Energy is distributed. That's pretty much where all the power for today's economy comes from. It's from the sun right so by nature. We have a distributed system but the way we created we kind of reformulated as humans isn't into a hugely centralized one so to get back to more in touch with those principles of distribution decentralisation that gives power to everybody literally and metaphorically to tell me more about like the journey that you've been on with the global village construction set because I saw you've you've made a tremendous amount of progress on that front. You know it's one thing to hear someone give a Ted talk about about something that's like an inspiring idea prototypes. It's another to see your ten years later. Like have made real progress on the stuff again to hear about that. Yeah definitely maybe you know you can say at the time of Ted Talk. Were a few percent down right now. I would quantify it as like one third done so we've got hundreds of prototypes Twenty or thirty unique prototypes everything from tractors to CNC machines. Three D. PRINTERS HOUSES. Akwa punit greenhouses. In fact we actually added the house as a critical machine since we kinda thought well. That's a living machine. Actually belongs in the global village construction set but the power is yet getting a comprehensive said along a construction setup route. So we're looking at it more as building blocks and to derive from how Lennox Open source. Software has there is one of the keys to success was large modular break down into very small parts can have thousands of people working on at the same time. And that's exactly what we do with hardware breaking down into modules and development steps for each module sewer inching along at the time of the Ted. Talk I kind of felt like I missed my great opportunity because I had so many people contact me. And all of that and we didn't have an organization. We hardly have an organization right now. We really don't yet. Were not at that level of having a business so to say like a real solid organism. But we do have a lot of foundational work. I think we are. I would call ourselves an exponential organizations laying a solid foundation with all the prototyping that we have done now ready to to convert that to economic impact so transitioning from the Playing prototyping to to the to the next step which a lot of open source Projects Forget and that is a product. So what what are the products that we can offer that anymore? Anyone can use okay. That's cool. I mean it's interesting. I'm thinking back to win. I got even more kind of interested in Y'all's work and I think at a certain point I started to really feel this kind of poll to be sort of subtract myself out ourselves out of the sort of capitalist system a bit more to be able to offer meditation teaching more freely. You know to be little less dependent on a pay for service model and you know one of the big questions that comes up is like okay. We'll around like housing costs. And how do you? How do you reduce your cost like housing is like one of the major costs and you all were some of the only people that were talking about being able to build an an ecologically sustainable you know house for like twenty five grand? Yeah and that's unheard of you not to be able to hit those kind of Knows numbers and that's what I think is really interesting about what what you're trying to do is you're really setting a goal of kind of price reduction that really competes with the capitalist markets on their own terms in a way. That's hard for them to be. It'd be hard if you're actually able to pull this off for companies to To to have any response to tenth the Price House or tractor or brick press or all the things that you're building. Yeah that's exactly right so let's dive into. There's actually a very interesting page like when I look at the WIKKI statistics. There's a page on our wicky open source ecology that org slash wicky which has cost of living. And you said it. The number one cost of living is housing on average. I have some stats here in. Its sixty eight hundred dollars a year. Then the second one is your car. Thirty four hundred dollars a year and then food twenty six hundred dollars a year and yet it adds up to about twenty thousand or so. Just let's see the the number actually is twenty thousand per year per person according to the Bureau of Labor Statistics for a household doesn't sound too bad but Ideas let's so let's go for example to the CDC home just to show you like a very tangible example so in a CD go home. You mentioned twenty five thousand dollars okay. But where's the Labor that's materials so the model there is a client? Pays probably like ten thousand dollars service fee. We host a workshop where we swarm on the build with about fifty or so people and build that in five days and I think that the more like a turnkey cost to the client. We more like seventy thousand. That's kind of what if we if you'd actually start full cost accounting like the twenty five thousand dollars as materials. Yes so you'd have to figure out how to do it but we did with a swarm based build the idea there is you are providing an immersion education. So basically you're selling inexperienced. People participate in get a lot of skills have a lot of fun shatter some of the limits in their mind about what's possible in terms of effective building using very collaborative learning rich learning environment. That's very supportive. So that's the product we're trying to develop and probably if you look at economics probably like seventy thousand dollars for a a house builder a basically the House. The person who wants to have the house before fourteen hundred square foot house so still about was Chris in the cost of industry standards. Right we actually roll this out. So there's a whole organization to behind it and sell. That's kind of how it looks right now. Now of course if you're a skilled guy and you've got a family that can build that while you're not gonna be able to do it in five days but over a month he can take our modular construction methods because everything in the system is designed to be handled by people not not example cranes or large machines the way we designed modular construction method lends itself to a swarm belt with normal people and really reducing the skill set by essentially trying to turn this into. Lagos as much as possible That's interesting and and from what I gathered like everything that you're doing the documentation around the processes like everything is part of the open source model like everything is shared shared. Absolutely everything. There's two levels so one is design seconds. Dente price design. And that's that this is where we talk about the concept of distributive enterprise. Yes the idea if we do it. And it's good for the world. Everyone can use it and and people in modern society. People think that you have to be proprietary or you have to have a competitive advantage based on Ip Order to win here are competitive. Advantage or collaborative advantage is the the opposite. Is the fact that we're collaborating? And if you think about it you're in kindergarten you'd understand because at that point we kinda were talked to to Cher but from High School Into College. Johnny were completely taught the opposite and right now. There's a huge cultural barrier that prevents people from comprehending that. Hey we can actually do. More together. Annihilate the AB- the material scarcity issues that are still central to life in the west end in the developing

Ted Talk Buddhist Geeks Google Kansas City Missouri Vince Horn Dick Martin Price House Cher Partner Trenched Bureau Of Labor Statistics Carson High School Into College Katharina Johnny
Representative arrested for money fraud, had gambling debts

WBZ Morning News

00:52 sec | 1 year ago

Representative arrested for money fraud, had gambling debts

"Long time state representative David mangle facing charges of fraud and embezzlement more from WBZ's Kim talentless David bangles vowing to fight the charges against him he was released on secured bond after pleading not guilty to siphoning seventy thousand dollars in campaign funds to pay off his head the gambling debt that money was also allegedly used to pay for personal expenses like rental cars to and from casinos and do is first golf club US attorney Andrew allowing alleges there was also some quid pro quo going on Nagel also receive services from private area businesses that he did not pay for putting work by teens for a contractor on angles home kitchen bathroom that contractor was later awarded lucrative bids for instruction projects for which Nagel has secured state funded mangle is also accused of lying on tax returns and obtaining three hundred thousand dollars in fraudulent

State Representative Fraud WBZ Andrew Nagel David Mangle Embezzlement KIM David Bangles Us Attorney
Vegas man gets prison time in China-US fake phone parts case

Laura Ingraham

00:20 sec | 1 year ago

Vegas man gets prison time in China-US fake phone parts case

"Prosecutors in San Diego CA Las Vegas business owner has been sentenced to six months in federal prison for conspiring to import counterfeit electronics from China to the U. S. a judge Monday also ordered thirty two year old site Akhmed to pay nearly two hundred seventy thousand dollars in restitution and surrender almost forty five hundred cell phone parts seized in June of twenty eighteen from his business phone parts

Business Owner China San Diego Las Vegas Two Hundred Seventy Thousand D Thirty Two Year Six Months
"seventy thousand dollars" Discussed on Biz Talk Radio

Biz Talk Radio

02:15 min | 1 year ago

"seventy thousand dollars" Discussed on Biz Talk Radio

"You might be lonely believe me you're building up now you're free to go out all that money is yeah back in the middle a little and then right after Valentine's day call apologize Bravo get back into a one that's exactly right well I mean I'm looking well the reason even marches seventy thousand dollars doghouse mark has just released along with ridiculously expensive and the year and this year including luxury dog house of seven thousand dollars a you seven hundred thousand seven hundred thousand and seven Aston Martin fifteen of fifty dollars there's a my way campaign thirty five thousand dollars three hundred and sixty mini bar these people have a over two and.

"seventy thousand dollars" Discussed on WIBC 93.1FM

WIBC 93.1FM

04:55 min | 2 years ago

"seventy thousand dollars" Discussed on WIBC 93.1FM

"Though he Aaron very little just you know and during the twenty sixteen election I would watch is Joe Scarborough and is very angry psycho why oh my god then for some reason you put a question mark next to it she sighed what is the point of total humiliation he would never fight back because he wanted to stay on TV even on a very low rated show all in the name of ambition I cannot believe that president so here we are this is like so gossip central on his Twitter feed I'm gonna just say all the dirt I know about people that you still like me and now I don't believe it yeah I told me when I believe all of and Leah every word of it he says all the things that's a single word I believe that all these people who are like Trent I hated me sell off lightly at one time they were like Mr trap we give me a job on this for you I'm gonna suck up to you you're so great you know they all did that make and Joe are included now yeah and it's like Elizabeth Warren trying to remind Howard Schultz member and she would like was in his office begging for money totally whatever happened to him no we had back surgery and I never heard from again she's worried about I'm sure that that don't worry about how bad news for mark what and Williamson is under fire what is bad news for me because you love her I do not love her I said I was good and I still may but I don't love her I don't have states with her fire because the Democrats don't want her gaining momentum because she actually had a shot they were offering get out she had a shot Democrats were like wheat I love her because she was to return to the insurgent democratic presidential candidate Marianne Williamson claims the quote powerful forces on the left or to keep her away from the third democratic debate next month with smears that's our full power source is dark forces dark psychic forces dark powerful psychics again this is real it is it has a presidential candidate Lawrence Gordon fox news she's come under fire after her remark that clinical depression diagnosis was a scam surfaced six she also posted a Twitter message after actor Robin Williams death suggesting that it was related to the use of anti depressants okay link to an article written by an organization funded by the church of Scientology that's fantastic so and is she a doctor now she's a doctor what doctors doctor of crazy love that's great oh my gosh and so now instead of just owning what she said she's saying it's a smear campaign of course by her rivals yeah they sure did she not say them she did okay yes she said he said all the things I wanted with some interesting information okay really you to shop at Walmart and now I'll mark like the Walmart I love the warmer here's how much the Walmart family the Waltons not Michael Landon Walton's many actual Walton's the ending wasn't a Walton wasn't no no he was totally different than the wall of the city grow up in the seventies and eighties no you're right I grew up in the nineties I'm young and hot it was really need that was super meaning that was so he was saying that as if to suggest that we are not either of those things yeah you know I'm a young mom I'm like you're since you're so much the Waltons make seventy thousand dollars per minute a million dollars per hour and a hundred million dollars per day you know a good for them that should be the minimum wage good for them that should be the minimum weight actually shouldn't but I do good for them I was trying to Democrats yeah they they good for them they're the American dream right are you saying that like it's a bad thing they pay their workers eleven dollars an hour do you think they deserve more than that yeah I'm just saying there's merit to the universal basic income oh my god oh my god brought now the knoll at napa auto parts stores a nap auto care centers get a twenty five dollar prepaid visa card when you get any map automotive battery it's the best deal for some of the best batteries from some of the best car people around but we might be a little partial pick.

Aaron Joe Scarborough seventy thousand dollars hundred million dollars twenty five dollar million dollars eleven dollars
"seventy thousand dollars" Discussed on WIBC 93.1FM

WIBC 93.1FM

03:33 min | 2 years ago

"seventy thousand dollars" Discussed on WIBC 93.1FM

"Gonna street value of seventy thousand dollars hi I guess I'm gonna have to in the figure out in case you know another way to get my shipment I mean that's terrible my goodness gracious Tony Katz ninety three W. I. B. C. it is independence day tomorrow and of course that means the I. P. L. downtown freedom fest of presented by anthem that's really shoot fireworks off of regions tower not Richard just someone wish TV just moments ago looking dapper in is that was that your television debut for which no no I've been on which many times before the last in a wild night excuse me well I've been on which many times before now now Bob Richards is the Kapiti cop of all things Indianapolis for Emma so Hank which is ninety seven one they they do country then there's bea one of five seven song Copeland does mornings you don't listen to him and then and then there's a the fan one of some five in ten seventy which is a big Joe and and Jeff record morning listen them either and then the and then there's us W. I. B. C. the juggernaut the power the glory the all things that are great praise be the name and you're in charge of all well kind of yeah what we're gonna we're gonna say we're gonna say because he's in the room I mean the whole in charge of anything here is probably not quite the right way to describe it more of that kind of like leading the charge leading the team would you got a whole bunch of talented people here a lot of whom you just mentioned I would say that you are in charge of everything right and he gets my studio doors and this is my domain when I got it when I got a note from you saying Hey just so you do a hit on wish would you pop into the studio I thought you really want me to pop into the studio after that popcorn moment yeah that wasn't that wasn't acceptable popcorn moment it was great okay it was a world class popcorn by the way I get asked this all the time about what I do on the shows and and what the people think we have had conversations about tone right how you reach people you know because if you if you're getting to anger about something people don't respond I've never gotten a note I've never got a note from you I have never done a note from from just million no one has ever told me what to say and in today's world it's rare stuff it's really rare stuff well it's your eat you are a true personality your an authentic true personality personality like we have on our other radio stations so it's letting you be you you know when I talk to people and they say do you really know Tony cats I say yes I work with life and I say easy easy Zach Lee like you hear on the air on the show we will we will get later weather out that actually happened freedom fast the big celebration of course heard on W. I. B. C. you're gonna be able to see it on wish TV hammer Nigel will be down there on the mall this is a massive event with the I. P. L. presented by anthem I mean this is this is the big stuff each and every year it is our fiftieth anniversary I should say the fiftieth anniversary we here at M. as have been involved for about the past ten years and so it's it it's it's an honor and a privilege and it's also a way that we can be a part of carrying on this Indianapolis tradition that is so iconic and is so much a part of people's lives on the fourth of July and so it's it's tomorrow it's nearly here so it starts at six thirty the fireworks go off at ten o'clock the weather really seems like it's going to cooperate you know going to be pretty clear for those hours it's like looking at race day you look at a couple of days we look.

Tony Katz seventy thousand dollars ninety three W ten years
"seventy thousand dollars" Discussed on The Dave Ramsey Show

The Dave Ramsey Show

04:14 min | 2 years ago

"seventy thousand dollars" Discussed on The Dave Ramsey Show

"They said how can I help? So I have a lump sum of money coming in sometime midsummer, I didn't even know about at an accident at work with the a basically sent out a crane that had failed inspection. I used it. And it went down, and I broke my shoulder pads injuries and didn't know the rest of this was something they went through, but I'm going to end up with about seventy thousand dollars. So. Yeah, are you? Okay. Now, I am a medical bills been paid. They took care all that. And there was a, you know, eight or twelve week recovery process. I'm good. So you're so you're back to work and all the bills are paid. So this is found money. It's extra money. Yes. Wow. What's your household income while normally my standard is about one hundred and five my wife, and I? When we were in step two, we wrapped up to about one sixty and I've. Dialed down a gazelle a little bit about one thirty right now what maybe step for you on four or five and six excellent well done. So this. Yeah. Four and six one kid left in that's already, you know, taken care of so, okay? So we are doing fifteen percent. My three scenarios I wanted to to go. So I have a house that's worth about three seventy five we all about two hundred on it. And we're beating up on that pretty bad to rent does one was originally, you know, they they both originally had. But now once paid for one we have about fifty thousand left, they're they're both worth about one hundred thousand and then the last thing. I wanna get a fifty seven Chevy. Oh, cool. So that's kind of where we're at as I have this lump sum coming in, and my wife, and I discussed it and said we've always talked about getting this car. But is a smart thing to you know, we throw seventy at the house now, we're at one thirty with the rental that's paid for and we have twenty left or we get to fifty seven, which if real nice one, we're kind of looking at would be, you know, forty forty five and we'd have another thirty to decide to do something with. But what this phone money? What's the smart thing to do? I okay have about where we're at about. Besides the equity and all the stuff I said just with our for ones in our Ross and stuff is around half a million right now, and we're both forty eight. So. Okay. Eddie towards. Yeah. That's almost billionaires with you know, all that stuff. And your other two cars are worth what? Yeah. Ten or fifteen thousand nothing, you know, I got a two thousand twelve silver out. Oh, she's got to love SUV paid for. If I were you. I would buy it. Perfect. And and I probably the rest of it at the rental and then finished rental often about twelve months. And then you're free except your house, and that that increases cash flow going everywhere. And then let's just knocked the house out probably another three years. Perfect. That's kind of what we're hoping you'd say. But yeah, the car was seven years down the road. And now, I'm not I think you're okay. Because you're not I mean, if it was one hundred thousand we'd have to give pause a little shocked at that high. But it can be it depends on what you what you're buying. But. I've got a sixty corvette nineteen sixty that's a frame up restoration and engine and transmission replacing rebuild. So and I've got more than that in it. But you know, so it just depends. You know, you get into those cars, there's all kinds of levels of of conditioning and redo and what whether you're after original or whether you after hot rod or whatever, but fifty seven's a classic. I mean, that's the American Pokka. Right. I mean, it's just there. It's it's based and you're not old enough to even know what that car is. So you're just looking at the iconic stuff. Yeah. Why wanted one since I think my uncle had one when I was in high school and I used to bounce around in the back seat..

Chevy Eddie Ross seventy thousand dollars fifteen percent twelve months seven years three years twelve week
"seventy thousand dollars" Discussed on KSFO-AM

KSFO-AM

04:59 min | 2 years ago

"seventy thousand dollars" Discussed on KSFO-AM

"I'm not waiting ten years to get out of debt. Well, I think we might end up waiting that long that long why? It just feels like that with the way our income is versus how much we have. Let's all right. Let's do a little math. What did you guys make the year before you graduated? Your students. Well, the year before I graduated my income was about twenty thousand. Yeah. Heard was still voyagers fifty. Okay. So you're income has virtually doubled in one year. Yeah. Okay. That I got I got it. Okay. If you were to keep your lifestyle super low like a fifty thousand dollar lifestyle, and you make one hundred and twenty three that seventy thousand dollars not counting taxes, okay? One twenty three months fifty if you lived on fifty which is doable. For a young couple getting started back the average household income in America's only fifty nine. So I know it's doable. Okay. So let's say you lived on fifty and you put twenty in taxes, and you put fifty thousand dollars a year on this two hundred thousand divided by fifty is what? Four years. I'm trying to write down everything you're telling me. Okay. That's all right. You have one hundred eighty three thousand dollars in student loan debt. Plus all the other crap. Right. So if you throw fifty thousand dollars a year at your dad for four years, that's two hundred thousand dollars, isn't it? Yes. Fifty times four. Okay. You're debt free. Now. Here's what's going to happen. You're going to do it in three years because your income that you're giving me right here is your starter income and as a nurse. You have a wonderful field career field that you are entering you. Have unbelievable income earning opportunities. And your income is gonna go up very quickly. And even if it doesn't go up at the particular job, you're at it can go up just by working the ER. You got all kinds of places you can pick up extra jobs as a nurse and make serious Bank. If our goal is now because I want you to get a house. I just don't want you to get a house while you're broke because it'll kill ya. And so I want you to get this mess cleanup. Because if you move in house with all this debt, you have to buy an extra bedroom just for Sallie Mae. Yeah. I mean, this is this is a lot of weight, and I certainly don't wanna walk around with it for ten years. So my game plan for you guys would be that you get very focused and very intense. You stop all investing temporarily you stop all saving temporarily you get on a beans and rice, rice and beans. No life budget like you were a college student making fifty grand and you throw EV you squeeze every dollar out of each paycheck that you can find and you throw it at your smallest debt. I pay that off your next malls death in pay that off you don't borrow anymore. You get off the credit cards and cut them up you get in attack mode. Like, it was like you were in the ER trying to save somebody's life clear. Right. I mean, you gotta get after it. That's what you gotta do here. Because otherwise, you're gonna you're gonna waste your life away for a decade, you won't give a decade to this stuff. No way. Thinking about how much would be forgiven. So I thought that was a good idea. Now. That would be because what you're going to lose seven years of your life. That's what you're going to lose. And you just don't want. It's not worth it. The beautiful thing about your particular career track. Is you have the ability make a lot of money as a nurse as an RN. I mean, you you re there's you're always going to find employment and you get extra employment out there. So did you say you guys just got married to? Yeah. Cool. Well, congratulations. Have you heard me talk about you sound like you're kind of new to all this? Have you heard me talk about our class financial peace university? We've actually been to the class, and we're kind of redoing it right now. Yeah. You need to because you didn't get it. Because you just call me up and asked me to buy a house with hundred eighty three thousand dollars in debt. So that means you didn't get the class. Because the student loan repayment forgiveness wasn't addressed in the class so annoying, but we didn't know about this forgiven. Should we be making minimum payments and allow it to be forgiven? Believe that income if it if it wasn't a decade of your life that you are a slave. Three years. We talk about it. But it's a decade. And if you had almost no income upside potential, and you got tremendous income upside potential, so yeah, go back through the class. Then get a reset get refocused. Get re-energized reset your goals jump on every dollars budget going you need to get over. And stop your 4._0._1._K. You need to do that already. And you didn't.

ER Sallie Mae America fifty thousand dollars ten years one hundred eighty three thous hundred eighty three thousand two hundred thousand dollars seventy thousand dollars One twenty three months fifty thousand dollar Three years seven years three years Four years four years one year
"seventy thousand dollars" Discussed on KLBJ 590AM

KLBJ 590AM

01:55 min | 2 years ago

"seventy thousand dollars" Discussed on KLBJ 590AM

"My question is this. We're looking at getting my wife, they new car. She really likes the Jaguar s. I like the Mercedes jail. And we liked the Porsche Cayenne, which is. Probably have to get used one. The Jaguar good far things about those. Yeah. So far, it's done. Really? Well. The only problem I ever had. And I have reviewed the F face. I had it when it first came out issue. I had with it is something I've been complaining about for a while now. And and it's true of all the luxury brands, you watch these TV ads and you see new Jaguar F pays for forty thousand dollars. And then when you get in there, and you you quip it the way you want it if seventy thousand dollars. I mean, they go up. My wife's arranger over lover. And she thought she might want the F pace. And when I got one speck that like she's used to it was in the seventies. And and I'm like. You know, you're giving up a lot of size with the F face versus a Range Rover sport or the HSE. And and you're pretty close money. Now, it was fun to drive the quality seems phenomenal. Jag quality has been great for many many years. Probably ten years. It's been really good. But if I were making that decision, I'd probably go with G L C to be honest with you. When I reviewed that thing. I just thought dollar for dollar drove. It has it has some really cool features. They're adapted. Cruise control is fantastic. It will.

Porsche Cayenne HSE seventy thousand dollars forty thousand dollars ten years
"seventy thousand dollars" Discussed on The Adam Carolla Show

The Adam Carolla Show

05:16 min | 3 years ago

"seventy thousand dollars" Discussed on The Adam Carolla Show

"And then if they win that game, there's a five o'clock game. That's that's. That's Saturday ruin. That's a ruined Saturday. And so now I have to think like doing wanna go out the new home on Saturday morning or can I get to the shop and explain I got a meeting or something like that. Can I get out of this? That's a hassle time suck and everything else. Fucking. Round free and you're already in the house. And I mean, just walking by in your bathrobe, take a few seconds, burn a couple calories and create a memory. It's easy to do. It's it's weird that all our parents are so many of our parents are friends France for like so stern angering uptight weird. Like why crime areas right now, my both my sons are under three. So they both think I'm like, hilarious. Still like wants to weeks old. So he's still trying to figure out what neck is. And the other one, I'm just like coconut cocoa nut crushing by ten. He's just going to be like coconut all comic. Do we have this Fonda layer? Have that thing that I was asking for? Wow. Hollywood stars. Good, who's Zakho is. Yelp review, it's our phone number, isn't it? Yeah. Well isn't isn't this a little cynical though? Professional tuning in big red letters underneath in script for the quote, Hollywood stars specializing in Stein way and Yamaha. I'm going to be the toast of this neighborhood. I'm gonna be walking around and I think the ladies who walk their dogs, they're going to give me an extra look down there sunglasses, and the guys are going to hoist appears. I walked by there. I'm gonna get a whole new status in the neighborhood. That's the whole point. You think the real best tuner on yelp two years in Rove's gonna come after you. And right now we're just known as the family with the dumb kits scholastically. A little street smarts, but they're underachievers in in the school said no more. We've she'll now be the piano. It's it's a circle in a square hole type thing where it's like, you don't understand my kids piano-tuning. Yeah. Well, I'll just take your logic and drag it out a little bit on. Yes, and it's been brought up before. Won't people get suspicious that there's a raft for parked in front of your house every single day. How could they be tuning your Pano every day? And the answer is all right. I'll go along with you on that mythical journey. Maybe they've just doing it half the time, but I still and we see the Guatemalan woman with the kids getting. Okay. So I'm the guy who's smart enough to have a nanny who's also piano tuner and other like once a week, just just have everyone. Here you go. I need it. Perfect. Yeah, slam on again. Yeah, my brother's lumberjack. Oh yeah. Where's my Embry my tuning fork briefly. He was going to do this just as like a gag and he'd never done. He's like, do piano tuners make like sixty an hour. I'm like, I think it's pretty high skill. He's I know way just just play. Just make the note am I just don't do that. Cutting down trees, like when guys give you the hourly wage of the thing, they couldn't do h starting NBA forward. Those guys make seventy thousand dollars an hour. Right? Your four foot. Nothing. Always think it's like Facebook this week, lost of billion dollars an hour kid. Put it together at capital gains. Owen is going to be the event that I'm gonna be at on Saturday. I do believe, yeah, which is Dennis Prager the other, Dennis, the other white meat, Dennis Prager birthday party, which I think is going to be at the Beverly. Yeah, buddy. See, that's the type of type of Jews. Okay. Now. Now that doesn't mean stands in a right handed, boxing stance. Wally tries. Barbara Streisand. Oh, man is taking the team dive Yandell snakes horse, stay four years. Is that the Beverly Wilshire? I don't remember always relying the emails. I'm so I hope it is because there's nothing better. I did. It'll be big night. I'm hosting this event. I think I did Bob sag. It's glare Dermot. Charity event there some years ago, but anything that is at the Beverly Wilshire, that's a big, big. Grand nature means it takes place in the grand tree nine, which is the carpet used to clean at The Wilshire teen. So it's always great to go back and sit between Bob sagging Blackie or whatever easy..

Beverly Wilshire Dennis Prager Hollywood Bob sag Yelp France Owen NBA Barbara Streisand Fonda Facebook Rove Yamaha Stein Wally Beverly seventy thousand dollars billion dollars
"seventy thousand dollars" Discussed on Talk 650 KSTE

Talk 650 KSTE

01:55 min | 3 years ago

"seventy thousand dollars" Discussed on Talk 650 KSTE

"Seventy. Thousand dollars student loan debt. Did we Okay then, don't okay so in the next two. Years we. Just start doing this on on, all the debt that we have we. We we graduate with let's say we. Do we do I don't think it will happen but let's say we do. Get it we're debt free in in two years once we graduate now. We got now we need to to buy. A house But we, have being, that we. Through all our money down down, on debt we are debt free but. Where's that where we get that ended. Up whatever to. To put down on a down payment or something like that Where where, do you go? Then okay well let's think this through for second right you said you have two years of school left And when are you planning on getting married Oh, we get married. Like after we graduate oh in two years Okay so. She has fifteen thousand dollars in. Debt, you have sixty thousand dollars we don't. Have, anything indoor married Exactly okay but let let me just let's talk about you for a second let's pretend that because you work like an animal, 'cause you self admitted hard. Working. Guy that you paid off sixty thousand dollars. Worth of debt in two. Years which is what you described But you have no money If you rented an apartment for the first year of marriage and both of you are working and you're married by then she would. Be debt free to easily. You can pay off. Sixty she can pale fifteen I'm not, sure that's going to happen but let's just use that because that's the scenario you laid out if you can pay. Off sixty in two years why couldn't you? Save thirty in one, year that's the same rate Okay so one year later you'd have thirty. Thousand dollars which would be your emergency fund? Plus your down payment And you would be debt free All right move into, your moving to your new house move into your..

two years sixty thousand dollars Thousand dollars fifteen thousand dollars one year
"seventy thousand dollars" Discussed on WDRC

WDRC

03:21 min | 3 years ago

"seventy thousand dollars" Discussed on WDRC

"Of dollars a game we're talking about a twenty five grand for one one ticket for season people divide that up sometimes several people among them i depart at two different ticket plans for baseball once for football and it just happens but that's how normal people live and yes i'm sorry but the justice not super wealthy and it's almost like they hold that against it he's not one of us he's not balik no he's not and frankly when i first heard the report and i didn't have the additional details that it was part of a group ticket purchase i thought dan if you wanted to sell a candidate not that he has to be sold to the american public the way that a politician who seeking elective office does but it would be nice if the american public look at a person is about to go on the supreme court and say yeah he's got all the technical skills in the experiences a federal judge plots seems to be a guy like me they say his net worth may be as little as sixty or seventy thousand dollars you know he's deliberately taken lower paying jobs you and i both know that federal judge is an awfully impressive title but the paycheck that goes with it pales by comparison with the same person could get as a lawyer at an ordinary law firm in one of the big cities in america and most of these people in fact i think john roberts when he went from being a partner in a law firm to being a federal judge before he became supreme court chief justice he took a cut from a couple of million bucks a year to i think two hundred thousand is a federal judge and when he became chief justice his salary actually dropped so you you kind of have to admire a guy who says i want to be a judge and i'm willing to sacrifice big time financially to do it oh by the way i like baseball too and willing to occasionally pay some substantial money to be able to go see the baseball games i want to see that pretty well describes a lot of americans who i'm sure dan there at least you know a few thousand people listening right now who have occasionally gone out and put a sporting event ticket or a concert on the credit card when they honestly knew they couldn't really afford to buy but said i really want to see this game or i really want to see this band play and i'll i'll pay for it over the next few months that sounds like average americans to me so here's a guy with all the qualifications to be a supreme court justice who's not a multimillionaire and he's not a guy who's got you know money falling out of his pocket so he's he's kind of like us i think that's a plus isn't it absolutely the plus and remember the city though the wants people to be elite but they also want to have a shared opinion and after after the media managed to successfully book would be justice many years ago the new york times editorial pretty much rationalizing that they knew his candidacy because of his opinions this is all about they really don't want to have a conservative justice the last looked ahead saw hillary clinton winning they figured they would get somebody lou radical left in merrick garland they get that seat they would have this seat they would they saw potential stocking.

seventy thousand dollars
"seventy thousand dollars" Discussed on AM 1590 WCGO

AM 1590 WCGO

02:20 min | 3 years ago

"seventy thousand dollars" Discussed on AM 1590 WCGO

"Income seventy thousand dollars a year at my job and i don't have another three thousand dollars a month passionate income my take home income you know like seventy thousand after taxes is only thirty five hundred bucks a month now i just added you know this three thousand dollars a month to see i'm sorry five houses tat five twenty five hundred dollars a month for twenty five hundred dollars a month of my income and i before was thirty five hundred so now at six thousand dollars a month in income i said you know what i deserve to go up then and live on half of my six thousand a month which is three thousand a month and so a leather gear goes by and i got i went from like ten houses to like forty houses pretty rapidly my income went up again and i said you know now take all my income earned income my mcmaster altogether i can live on half of that and so i continued to live on half of my income but every time i earned more i allowed myself mentally to grow he could how could it be hard just the fun hey then i made a mistake letting everybody know that nelson wasn't five guys anymore twenty and there's thirty had to stop picking up the tab could started getting quite large but it was just a way to show myself that hate money comes easily to me because i know how to make money i'm not going to live like i don't and that's what i want you to think about doing i want you to pay yourself becomes short break be right back with mondo meal.

nelson mondo three thousand dollars five twenty five hundred dolla twenty five hundred dollars seventy thousand dollars six thousand dollars
"seventy thousand dollars" Discussed on Android Central Podcast

Android Central Podcast

01:51 min | 3 years ago

"seventy thousand dollars" Discussed on Android Central Podcast

"Yeah it could have been seventy thousand dollars on the priceless to nose so i don't expect the pri i mean what are you guys expect the price to be i don't expect it to be over five fifty i think it's going to start at five fifty or even five thirty the two fifty six versions gonna be expensive because that's that's going to be we're getting that storage is expensive because samsung charges a lot of money for it and they should it's difficult to manufacture but yeah if anything it's going to be twenty dollars higher than the five t you know they can justify that because the cost of components has risen a little bit anything higher than that they'll have to justify to all their fans and they don't wanna have to do that yeah i think my biggest thing there is is the secondary camera actually going to do anything that you'll actually want because the dual dual cameras previously have not been anywhere near expectations will the camera experience in general kind of step up because if we're talking about a phone that's now five fifty you're really starting to get up there folks that that's starting to get to the range where people say you know spend one hundred dollars more and get something else that that we know has i mean if you're one hundred dollars away from google pixel two that's you're getting into real dangerous territory there i know it's a smaller phone to go to the from the one plus six to the pixel two but you're talking about a completely different level of software quality camera cetera i remember one evening you and i being outraged that i had to spend six hundred ninety dollars to import.

samsung google one hundred dollars six hundred ninety dollars seventy thousand dollars twenty dollars
"seventy thousand dollars" Discussed on The Dave Ramsey Show

The Dave Ramsey Show

01:39 min | 3 years ago

"seventy thousand dollars" Discussed on The Dave Ramsey Show

"I think you're going to say the same thing but his grandmother passed away a few years ago left us some money and if me were it's about three hundred thirty thousand dollars at sitting there and different types of funds and we have one hundred seventy thousand dollars after mortgage really no other debt no car payments should we remove the money from those accounts to pay off our mortgage so i go back a little bit in the story you're listening to the podcast so are are you now you're kinda now plugged into what we're saying around here is that what you're saying yeah i still don't go to the grocery store which envelops but i feel like it's baby steps for me so your mortgage paint off hundred seventy one thousand dollar mortgage not exactly a baby step now that's a lot bigger than an envelope how it is but it's like money we don't really ever touch anyway which is kind of sits there but my husband is more of the saver on the spender she likes it as as a security planking but we both have retirement funds and both have life insurance i don't think the normal us family has three hundred thirty thousand dollars no within their dome and and on the ability to pay off their mortgage by them today so if you both went through financial peace university and you listen to the podcast you should both know the answer the question you're right you both guessed correctly pay off your mortgage by the end the day and if you hate being debt free.

planking three hundred thirty thousand one hundred seventy thousand d hundred seventy one thousand d
"seventy thousand dollars" Discussed on KOIL

KOIL

02:33 min | 3 years ago

"seventy thousand dollars" Discussed on KOIL

"I am now i'm trying to dig out of seventy thousand dollars of debt and um and starting the ever dollarplus budget i realized that i have um a source of support that i am not taking advantage of um the situation is my ex husband um about five years ago i find a relief of child to court for him he had remarried he had another child on the way and i was being subtly reminded of how difficult it was for them to pay child support and uh how i think they won under some and difficult financial times so i i find the release um we have three children together and um i am wondering if i should refile uh that circumstances have changed fused divorced uh life number two and and wife number two gets full child support for her daughter because there is no record of hen paying child support for his other children on this and you know at the time i just i felt i felt guilty because my my income was much larger than theirs and um you know now that i'm trying to get serious about paying off my debt on thinking that i should refile jerusalem um my household income i i am lee married are household income us about two hundred thirty thousand the you have seventy thousand dollars in debt they have three kids what ages we have four tickets title i'm ages eight through seventeen on the youngest daughter is my is my husband's daughter and show you this region question that were with the the gentleman were discussing uh is are what age on day are 12 bill i'm sorry thirteen fifteen and seventeen mocha shows mob an awful lot handful of years left i have i have never run into someone releasing child sport i assume you documented that and i don't i don't know the legalities of if you can undo that b u yes i well we lived in a different state at the time and um i have talked to the state that we currently live in and they have devised but i can and what does your ex mike um i'm thinking i'm not positive but i'm thinking he makes around 50 um and uh well i.

seventy thousand dollars five years
"seventy thousand dollars" Discussed on Gilbert Gottfried's Amazing Colossal Podcast

Gilbert Gottfried's Amazing Colossal Podcast

01:58 min | 3 years ago

"seventy thousand dollars" Discussed on Gilbert Gottfried's Amazing Colossal Podcast

"Four seventy thousand dollars i had two hundred dollars in the bank seventy 70000 we split seventy thousand dollars i was now a thousand air right i couldn't believe it and so i went from eating tunafish for dinner as an actor to eating whatever i wanted aso this writing thing can work out yes you mom was at your mom or dad who said you know how long in life we have i love we have to saved him to to put away seventy thousand dollars she she went my father was like doing the whole ron the roof he was so excited that i made so much money all of a sudden and my mother why's your father so excited she got on the phone i said we made what are you get for something like that i said we're going to split 70000 now she said she got there was a foam went silent and she said do you know we've worked our whole lives to have that in the bank that's amazing is almost like nike little shit you do all you do is you do you make your stupid jokes and the world rewards you'd like that that's shouldn't be so i feel like you know your dad would field right yes like like you never worked at day in your life he together yeah and and it's like that story that you just told guides that's it in a nutshell new yyou did your does the a little your success skill i know i thought there didn't see any of run run yeah that's a shame let's to a shame but you know that they are they are proud of you they love you dare all we want is for our kids to do well but they just can't believe the way the world works and why was it unfair to us yeah right oh absolutely allen was averted a very funny guy alan and freddie roman sun by the way a alan kercheval oh yeah yeah a writer accomplished a lot of things in tv that's right out of fulton funny my absolute mentor he was even even though he was a year behind me in high school.

ron writer nike allen alan kercheval fulton seventy thousand dollars Four seventy thousand dollars two hundred dollars
"seventy thousand dollars" Discussed on WGTK

WGTK

01:35 min | 3 years ago

"seventy thousand dollars" Discussed on WGTK

"Seventy thousand dollars a year i'm retired uh i'm not going to get the deduct way medical expenses which you're over sixteen thousand dollars a year i have enough my house was paid for with her is no mortgage payment to pity duck so why why are you not gonna able to deduct eur medical expenses agree because they said that the i'm not going to be able to item i though they said they are not going to know they are they are they are allowing itemised deductions i i i don't i don't i believe you you're wrong they are allowing itemised deductions their raising the standard deduction much higher but if you have sixteen thousand dollars in medical expenses are you are you a single guy are you in a couple no no mary they ended a okay so you you're yours standard deduction should be raised to twenty four thousand dollars and uh which would more than make up for you what you feared would be a loss with your 16th but you still will have the option to stay two to itemised deductions take a look at this but if if you're earning seventy thousand dollars a year i am virtually certain the you would actually make money and that's even with you not being able to deduct your state sky high ridiculous california taxes we'll be right back on this agreement day i listen to you every day michael medved your extremely intelligent euro voith or even and i agree with most of what you say this is low michael medved gene.

california michael medved sixteen thousand dollars twenty four thousand dollars Seventy thousand dollars seventy thousand dollars
"seventy thousand dollars" Discussed on WGIR-AM

WGIR-AM

02:10 min | 3 years ago

"seventy thousand dollars" Discussed on WGIR-AM

"At one step at a time limitation quashed by of semester so idle burden myself because i actually and so where issue it should yeah i have friends were seventy thousand dollars yeah and piracy shelf an cited early card allen i'll let you jump in on this i think that's a great point um you know bill gates truck out of college i don't think albert einstein went to college and and so forth we've seen a lot of success story that did not require a college degree you know back in the '60s and '70s you could show up to a hospital change bed perfume line really is a pretty good thing for most people i think it's a pretty good advice to to to say the colleges a worthwhile endeavor but he is often required m whether it's actually necessary um i tend to think not quite frankly in many i would urge everyone particularly younger people uh to do everything they can if they're going to go to college number one don't borrow uh maybe do what today compared to the seventy th that's gone up by thousands in thousands of yacht even at the community college level even at the community college level uh you know i see people going to cooking score vote tech or community college and even still they're leaving their leaving school with fifty sixty seventy thousand dollars in student loans uh it's it's just silly um it's got to the point where you know you you and i mean i think college generally is a pretty good thing for most people i think it's a pretty good advice to to to say the colleges a worthwhile endeavor but in view of the massive cost in this sinister predatory governmentsponsored lending monstrosity the stands ride at these days uh on the cheap at community college is sia and cure all situation so he's going to school he wants to be a winemaker who's to say one day the guy with his knowledge may not end up buying a winery yeah you never know um you know and you.

albert einstein community college fifty sixty seventy thousand d seventy thousand dollars one day
"seventy thousand dollars" Discussed on C-SPAN Radio

C-SPAN Radio

02:57 min | 4 years ago

"seventy thousand dollars" Discussed on C-SPAN Radio

"Making sixty seventy thousand dollars and you have several children when you take the doubling the standard deduction and you take away the personal exemptions as of today the family comes out behind now maybe we'll see something else but that's the facts as a today and one of the things that has occurred to me about arm the reconciliation process and the next step is reconciliation in bad enough colleagues take a look at section forty one eleven of the chairman's mark now currently it's required there be a score of any reported bill twenty eight hours before the senate votes with section forty one eleven you could have no score on the cost of the bill at all which it seems to me particularly when i listen to my friend santer corker is not a very sensible way to proceed now maybe were in sort this out here in this discussion but that's our reading a section forty one levin now why is this especially troubling and i think sarah crepeau was there for this yesterday is i think when you look at some of the math behind what has been advanced at least today from republicans there's some kind of magical growth theory that's being applied now sarah crepeau knows i happen to think behaviors important you know i think it's a real factor but steve mnuchin said that we were going to have like two trillion dollars worth of growth on this and yesterday we had economists at the senate finance committee saying now these are republican economists by the way saying no grow doesn't pay for itself and that's why we're also concerned because we've seen this movie before colleagues in two thousand one and two thousand three bush tax cut same thing promised us all this progress and growth unlike what we got were big big deficits we had the haul ourselves out of that and i can go kind of section by section through this there is a pass through prevision which i think opens up a loophole for the mega wealthy that is the size of the grand canyon every one of us wants to be for small business we're talking about cleaners we're talking about garages we're talking about restaurants what this pass through provisions basically says is the high flyers can figure out a way to take ordinary income and converted into the low rate business income and by the.

chairman senate santer corker levin senate finance committee sarah crepeau steve mnuchin bush sixty seventy thousand dollars two trillion dollars twenty eight hours