20 Episode results for "Seventy Thousand Dollars A Year"
Is the Netflix password sharing free-for-all in danger?
"This marketplace podcast is supported by bambi. Business owners know that. Hr issues can be a real headache and expensive. An hr manager costs an average of seventy thousand dollars a year. Bambi spelled b. a. m. b. e. was created specifically for small business. You can get a dedicated. Hr manager craft hr policy and maintain compliance all for just ninety nine dollars a month month the month. No hidden fees cancel anytime from on boarding terminations they customize your policies to fit your business all for just ninety nine dollars a month go to bambi dot com slash morning to schedule your free. Hr audit that's bambi dot com slash morning. Oh dears the net flicks password gravy train over. I'm david brancaccio. I e promised from the treasury secretary last night is fourteen hundred dollar stimulus. Checks will start landing in bank accounts this weekend. For those with direct deposit. Broadly married couples. Earning up to one hundred and fifty thousand a year or individuals. Up to seventy five k. Are eligible our mission. Here in recent weeks has been to spend time exploring in various corners of the one point nine trillion dollar rescue plan. There's a bit more added to what congress approved in december for concert halls. Theatres and other live venues. None of these shuttered. Venue operators grants has gone out yet. Here's marketplace's samantha fields. It's been a whole year. Since the rebel lounge in phoenix. Last held a concert. Steven chilton owns the rock and roll. We're talking twelve months zero percent revenue. Chilton says he's been able to hang on because he knows this help is on the way the fact that there is federally coming. What's allowed venues to take on. Debt sell assets empty retirement accounts and he says convinced landlords and creditors to work with them. Audrey fix schaefer at the national independent venue association estimates that several hundred venues have closed permanently. But she says the more than sixteen billion dollars in federal aid should help many of the rest survive. I can't wait to get in a room. That is so filled with people to hear a ban that they really care about an have that sense of family and community again. When that will be she says depends on this federal aid getting venues. And on the vaccine rollout. I'm samantha fields for marketplace now net flicks is starting to warn people about sharing their password with others. It's not a security thing. But more revenue thing marketplace's merrill sagarra has done. Some netflix users are getting a message. That says if you don't live with the owner of this account you need your own account to keep watching which is news to anyone who watches net flicks. I mean the terms of service. Do say you're not supposed to share your password with people outside your household but the company is basically sanctioned password sharing by not cracking down on it all the time and netflix. Ceo reed hastings has said it's something the company has learned to live with so anyway with this test. The person watching is then asked to enter a verification code that sent to the account holder by email or text although right now. This really isn't being enforced. People can skip that step and keep watching. the question. is people accept this kind of change. Independent research shows that about a third of streaming service users share their passwords. They're used to it and it's hard to take benefit away once people have had it for so long. Also there's a lot of competition now from other streaming services which on the flip side is one of the reasons. Netflix's may be doing this to boost subscriptions mariel zegarra for marketplace this marketplace podcast is supported by bambi. Business owners know that. Hr issues can be a real headache and expensive. An hr manager costs average of seventy thousand dollars a year. Bambi spelled b. a. m. b. e. was created specifically for small business. You can get a dedicated. Hr manager craft hr policy and maintain compliance all for just ninety nine dollars a month month the month. No hidden fees cancel. Anytime from on boarding determinations they customize your policies to fit your business all just ninety nine dollars a month go to bambi dot com slash morning to schedule your free. Hr audit that's bambi dot com slash morning after a pandemic postponement. The sixty third. Grammy awards are ago for sunday but some prominent music artists are calling out the process. Halls halsey says the competitions rigged drake among others believes. The grammys are obsolete still. A grammy helps sell marketplace's jasmine gar. Says that this year accusations about the grammys. Being unfair are being led by singer the weekend. His single blinding lights has been ubiquitous. It's from the album after hours. Which debuted at number one on the billboard charts yet. He got no grammy nominations and rica. Gonzales mueller teaches production and engineering at berklee college of music. He himself is a latin grammy recipient and he cast his votes every year. He stands by the grammy process. Saying the win is certain kind of recognition. It's not the diversity award. It's not the technology award. It's not the popularity award. It's the quality awards you know but the grammies have also long been accused of not being diverse enough this year. The album of the year nominees are mostly white and several nominees for best children's music album have withdrawn protesting the lack of diversity in the category. Melinda newman is an executive editor at billboard. They are very aware that this is an issue and they've taken a lot of steps to try to get a much more representative in diverse voting body but for all the criticisms of the grammys a lot of artists. Sing and rap about their importance alabama. Craig's grammy award monogamy can't even stomach. Okay well maybe not eminem. But and rica gonzalez. Mueller says much like an oscar even a grammy nomination is about recognition which brings more opportunities even for an already established artists. That's puerto rican rapper. Bad bunny also known as alcohol malo. He's nominated in two categories this year but he already has two. Latin grammys billboards first. Spanish language number one album and he's been on the cover of rolling stone even so says melinda newman from billboard a grammy would get him new fans. Ideally someone like that. Bunny gets in front of an audience and delivers a killer performance. Which of course he would. He is immediately going to see a spike in streams whether he wins or not more streams mean more money and even more so i'm jasmine guards for marketplace and these numbers sixty five reporters and other news media. People were killed doing their jobs last year. The international federation of journalists says. That's up thirty five percent in a year in mexico. Fourteen media people were killed in twenty twenty worldwide. Two hundred twenty-nine journalists are in prison for their work. Our executive producer is. Nicole childers our digital producer. Alec schroeder engineers. Brian allison and j. c. bowl. It's the morning report from. Apm american public media this marketplace podcast is supported by bambi. Business owners know that. Hr issues can be a real headache and expensive. An hr manager costs an average of seventy thousand dollars a year. Bambi spelled b. a. m. b. e. was created specifically for small business. You can get a dedicated. Hr manager craft hr policy and maintain compliance offer. Just ninety nine dollars a month month. The month no hidden fees cancel anytime from on boarding terminations they customize your policies to fit your business all for just ninety nine dollars a month go to bambi dot com slash morning to schedule your free. Hr audit that's bambi dot com slash morning.
O'Reilly Update Morning Edition, May 19, 2021
"O'reilly here. And i'm warming up from the nra dot net studios in new york standby for the o'reilly update morning edition on this wednesday. Have you noticed that far left. Zealots alexandria ocasio cortez and chicago mayor lori. Lightfoot are now saying they will continue to wear facial masks even though they are vaccines covid. And the cdc's says you don't have to wear the mess anymore. If you're vaccinated now why would miss ocasio. Cortez and ms lightfoot do that could it be power the power of the state to tell americans what they can and cannot do. Of course. That's the reason the socialist mindset. Is that all power. Should derive from the government not from we. The people and this situation has been used to heighten the socialist point view so people like komo in new york and newsom in california have basically shut down our businesses our social lives and where we can go in the name of public safety. Some of that was legitimate but now that cove it is pretty much defeated in america. The same far left people. Don't wanna give up the power now this when running a business. Hr issues can kill you. Wrongful termination suits wage requirements labor regulations and hr manager salaries aren't cheap. They averaged seventy thousand dollars a year. Bambi b. a. m. b. e. was created specifically for small business for just ninety nine dollars a month. You get a dedicated. Hr manager craft hr policy and maintain your compliance with bambi. You'll change hr from your biggest liability to a great strength. Your dedicated hr manager is available by phone or real time. Chat from on boarding to terminations they customize your policies to fit your business so bambi today ninety nine dollars a month no hidden fees and you can cancel anytime. It's a good deal. Let bambi help and never worry about. Hr compliance again. Please visit bambi dot com slash bill. Right now to schedule your free age. Our audit that's bambi dot com slash bills spell ambi e. dot com slash bill. That is the morning o'reilly update more analysis later on.
Sen. Warren on taxing the ultrawealthy
"This marketplace podcast is supported by bambi. Business owners know that. Hr issues can be a real headache and expensive. An hr manager costs an average of seventy thousand dollars a year. Bambi spelled b. a. m. b. e. was created specifically for small business. You can get a dedicated. Hr manager craft hr policy and maintain compliance all for just ninety nine dollars a month month the month. No hidden fees cancel anytime from on boarding terminations they customize your policies to fit your business all for just ninety nine dollars a month go to bambi dot com slash morning to schedule your free. Hr audit that's bambi dot com slash morning. What would you do with three trillion dollars. I'm david brancaccio. Amid data showing the wealthiest one hundred american saw their net worth rise by a combined. Six hundred billion dollars in the pandemic year of twenty twenty. There's a new bill in the senate that if enacted would put a two pennies on the dollar tax on the net worth of households entrusts worth fifty million dollars or more for those who have a billion with a b. or more the special tax would rise one more percent to three percent. I spoke to senator elizabeth. Warren democrat from massachusetts is pushing this extra tax on the ultra wealthy senator. Welcome delighted to be here. So what's the estimate. Maybe one in a thousand families or something would be affected by attacks like this. And so i'm thinking since nine hundred ninety. Nine families in one thousand won't pay higher taxes. You think this will just slide into law. Easy peasy you know. If everybody's voice were equally loud. The answer is weight of already. Done a wealth tax in america. The problem of course is that the billionaires and super millionaires talk a lot louder in washington than everyone else they make a lot more campaign contributions they hire a lot more lobbyists. They finance a lot. More think tanks and they make it really tough for some folks in washington to think about a two cent wealth tax. Economists have long pointed to the following issue with raising taxes for rich people. Affluent people have very accomplished accountants and lawyers and the more you raise their taxes the more incentive they have to come up with creative ways to get out of paying the first answer. Is we know this. So we stitched up the loopholes so we deliberately built into the system that we're going to nearly double the budget of the irs. And we're going to do a thirty percent audit rate on this top one tenth of one percent we even then knocked off fifteen percent of the revenue projections saying maybe these guys will cheat. But we feel pretty confident. This thing is really gonna raise about three trillion dollars over ten years when people say to me what folks cheat rich folks cheap even more my response to that is let's make them follow the law. The way that middle class families have been following the law all along when criticism here saw the tax foundation. Had this belief that it lops a certain amount off economic output of growth. I mean depends on the plan. But i've seen three tenths of a percent four tenths of a percent. I'm sorry really by charging a two cent wealth tax on the great fortunes the fortunes that grew last year by forty percent. That's how much richer billionaires are right now than they were a year ago. The tax foundation is worried that we're somehow going to crimp growth. Keep in mind that the to sound wealth tax is about putting that money where it will really go to work. It's about funding. Universal childcare and universal. Pre-k it's about money. We can put straight back into this economy where it will build real opportunity. This is going to be good for our economy massachusetts. Senator elizabeth warren has members of the senate finance committee. Senator thank you. Thank you as more of that. Conversation stream -able at marketplace dot org with the one point nine trillion dollar. Rescue package now official. The white house says relief payments sent by direct deposit. Could start hitting back accounts this weekend and update now from marketplace's nancy marshall genzer individuals. Making up to seventy five thousand dollars a year and married couples. Earning up to one hundred fifty thousand. We'll get the full fourteen hundred dollar relief. Payment if the irs. Already has your bank account information. You're all set and you could see your direct deposit payment this weekend if you've already filed your twenty twenty taxes. That's what the irs will use to determine if you're eligible for a payment otherwise it will use your twenty nineteen tax return if you just registered your bank account with the irs when you paid your twenty twenty taxes. It's not clear if the irs will be able to use that account we also don't know yet if the irs will set up an online portal like it did with the first relief checks where people can register for direct payments the agency shut down the portal last may and didn't open it up again when the second round of relief checks was sent out last december. If you haven't set up direct deposit with the irs. you'll get either a paper check or a debit card. I'm nancy marshall genzer for marketplace markets. After the nasdaq rose two and a half percent yesterday. The nasdaq future is down. One and three quarters percent this morning. The dow futures down slightly a tenth of a percent the s. and p. future is down six tenths percent. The ten year interest rate up one point six two percent this marketplace podcast is supported by bambi. Business owners know that. Hr issues can be a real headache and expensive and hr manager costs an average of seventy thousand dollars a year. Bambi spelled b. a. m. b. e. was created specifically for small business. You can get a dedicated. Hr manager craft hr policy and maintain compliance all for just ninety nine dollars a month month the month. No hidden fees cancel anytime from on boarding terminations they customize your policies fit your business all for just ninety nine dollars a month go to bambi dot com slash morning to schedule your free. Hr audit that's bambi dot com slash morning. China's antitrust regulator has find some of the largest tech giant's there including ten cents by do and bytedance as it steps up scrutiny on that sector. The fines are not huge. The equivalent of seventy seven thousand dollars. Marketplace's china correspondent jennifer. Pack in shanghai has more. China's market regulator says it is find a dozen companies for illegal monopolistic behavior in some of its past acquisitions and investments. Some analysts. say. This is a sign that china's government wants to increase its control over the tech sector but officials say this is in the name of more open and fair competition look at the companies that were find rideshare app. Dd short video giant dance which also created tiktok they dominate in their areas. Look at tencent. it's payment up. We chat is accepted across china. Don't wanna use it. you're only other. Real option is paid by commerce giant alibaba. Try using cash and bank cards and vendors might give you dirty looks. If you're a chinese consumer maybe increase government scrutiny will bring in more choices and a bad thing in shanghai. I'm jennifer pack for marketplace and from the new journal classical and quantum gravity worked from germany's university of getting in on how we might someday do warp drive or hyper drive alah star trek wars. I'd explain it to you here. But we're up against the clock so maybe use might want to plow through it yourself. I'm david brancaccio. Marketplace morning report from apm american public media this marketplace podcast supported by bambi. Business owners know that. Hr issues can be a real headache and expensive. An hr manager costs an average of seventy thousand dollars a year. Bambi spelled b. a. m. b. e. was created specifically for small business. You can get a dedicated. Hr manager craft hr policy and maintain compliance offer. Just nine dollars a month month the month. No hidden fees cancel anytime from on boarding determinations they customize your policies to fit your business all for just ninety nine dollars a month goethe bambi dot com slash morning to schedule your free. Hr audit that's bambi dot com slash morning.
I Want to Take Money Out of Our Investments To Buy a Plane
"It's wednesday and this is the ramsey call of the day part of the ramsey networks. The phone a taylor in memphis tennessee. Taylor what's up. Hey how's it going good to talk to you you too man. What's going on. Well me and my one. I have a little bit of a difference and and you get to be the deciding vote. We own our house out right So no payments we own both of our vehicles. We have a little over a dollars invested. We're we're doing real good. We've worked through. Dave ramsey's total money makeover years ago and it's wonderful. Here's the deal. I'm a pilot. And i would like to take out some of the money from our invest and buy me a private plane. I've done the math. It's actually cheaper than renting plane and stuff like that. My wife is hesitant partially. Because it's such a big outlay all at once and we've never had that kind of money before she thinks i should keep renting. She's not the numbers law. I'm the number one. And i'm just wondering i know dave i said if you've got a million dollars five new car. This is a little time here that a new car. I'm just looking for some advice. How much is the plan gonna cost ya. I have kept out my budget at one hundred thousand so the plane. I'm only gonna look at stuff. That's under one hundred thousand okay. That's for the cost of the plane. How much the plan gonna cost you taylor. I don't have the numbers right in front of me. Insurance believe it or not is ridiculously cheap. it's cheaper than car insurance. the biggest Expense on a yearly basis is the annual inspection and that fluctuate can be as low as two or three thousand or as high as twelve thousand depending on if you've got to have work done. What about storage storage fees gas. Yeah have you have you all set down instead. All right. what is his playing on. A cost me because several planes but They all say that the the expensive part is not buying a plane friend. Expensive part is a maintenance Throughout the years of owning the plane. So what is that fee. A year for you. Yeah that is expensive. Part and again like i said. I don't have my spreadsheet right in front of me. I did do the math though. And i worked out that if i fly more than i think it's forty two hours a year. Even including maintenance cost it's cheaper to own than to rent And so of course you know. Obviously the more you fly the cheaper. It is per hour like i said. I don't have all those numbers. Right in front of me but taylor. I don't have a plane so it helped me with this is a plane similarly a depreciating asset like a car. Not really i mean. I guess over time they do depreciate very very slow i mean you're when you can you can easily go out and buy a plane right now from the early sixties and it's still you're paying you know one hundred thousand dollars or just slightly under for a plane that forty or fifty years old now of course new and get far more expensive to hold their value fairly well. Cook so What's your household income real quick Taylor probably around seventy i'm a pastor and my wife the counselor i mean. We don't make a ton of money but we inherited we inherited well and have it invest or gaza about seventy thousand dollars a year And you wanna go buy a plane that i'm thinking maintenance is going to run you about twenty to twenty five thousand dollars a year just to maintain on the high side for maintenance. Yeah but their speed this would this would come out of indefinite but but listen to me. Taylor your main is not gonna come out investments you. Can't you invest it so you can retire off of that income eventually and so if you go by plane the only way you're gonna pull out from investments is if if it's not covered up on a beneath the retirement situation so we go pull money from a stocks. I don't have a problem with that. I think my biggest problem as my biggest concern is it. You only make seventy thousand dollars a year but you're going to encounter on a higher maybe twenty five thousand dollars a year maintenance. My vote is not That that's vote in mine is not mathematical. It's purely psychological meaning. It may cost you more money down the road to rent but the ability to hand the keys to somebody else go home and they've got to deal with new tires and gas in that one weird gauge and the fluctuations and this and that there is a psychological piece to that that making seven. Yeah if you look at it this way you're buying a hundred thousand dollars toy with a fifteen thousand to twenty thousand dollars price tag to operate against against your salary. It's a lot man. There's something to be said for handed the keys back and i know you've done the math and i can hear in your voice. He really wants. You are playing so bad but it's not wise to financially. Make seventy thousand dollars a year. And then you go from and i get it here. He's debt free he. Has you know a million dollars and in investments. That's great but here's the thing is like. Do you really want to go into retirement years with the twenty five thousand dollar bill on your hand year year in this i. Do you really want to do that. So i'm saying no Because i'm just thinking of the numbers doesn't make sense now. If you sell them you bring the and a half a million dollars a year. You know you may soon be twenty five thousand dollars. You're debt free one hundred percent and you got a million dollars and assets. Not but yeah. That's okay go. Nobody incomes kind of low income scared. Because i'm like. I don't know man as tight as tight. Some could come up and i don't want you to have to go to your investments until you are retiring and then my goal is living off the interest of your investments. You're not pulling from your investment right. That's my goal when it comes to retire and this happens with planes that happens with ranches that happens with big fancy. Boats happens with anything that we fall in love with. It's a really a big toy. Absolute in ranch can be a really big toy and a boat and what it looks like and also have this feeling in my stomach. We just dash this poor man's dreams taylor to tell your wife don't do the happy dance. You heard it in his heart he really was and he can possibly get it down the road we well. He's got more money right. Yeah he needs to earn some more money so that we he has some cushion for the maintenance because again seventy thousand dollars gross. So we're not talking about net right you know so. That could be close. A half of his income is going towards his plane. And i just have always about risk. And i never want to leverage my family's finances on toy right That risk is so so so high you ever thought about owning jet thought about it and i've never even considered that spot to say i may now. I dream about owner royce. One day i fifty six years old but a jet. Don't want to maine's one day. I'm going to have a car that was made in the two thousand and ten decade. That's my goal. I'm gonna keep working hard. I'm gonna get there. Anthony two thousand fifteen. Why you are the you are the so soft moderate guy on the loud flamboyant guy by hey you know what. We're both doing a debt free. Hey whatever works for for you. It is what it is. Thanks for tuning in to the ramsey call of the day. Check out all of our podcast. Just search ramsey network on apple podcasts. Spotify or wherever you listen.
Asias tech giant Grab could be the biggest SPAC so far
"This marketplace podcast is supported by bambi. Business owners know that. Hr issues can be a real headache and expensive. An hr manager costs an average of seventy thousand dollars a year. Bambi spelled b. a. m. b. e. was created specifically for small business. You can get a dedicated. Hr manager craft hr policy and maintain compliance all for just ninety nine dollars a month month the month. No hidden fees cancel anytime from on boarding terminations they customize your policies to fit your business all for just ninety nine dollars a month go to bambi dot com slash morning to schedule your free. Hr audit that's bambi dot com slash morning wall. Street's spac crazy maybe about to sweep up. One of southeast asia's best known tech companies live from london. This is marketplace morning report from the bbc world. Service i'm victoria craig. Good morning a forty billion dollar valuation is on the line according to the wall street journal which reports grab holdings is in talks to go public through a tie up with a special purpose acquisition company or spec. Those are publicly traded shell companies by a private firms to make them public. If the deal goes through it would be the biggest ever spec deal two and a half times bigger in fact than the current record holder united wholesale mortgage so what makes the singapore-based ride hailing company. So attractive david. Quo co founder of the smart investor. Explains how important. The company is to the region. It is very influential. First of all. I mean grab started off as a ride hailing app and then they start moving into things. Grab food. which was very popular here. During the lockdown period when people were able to order food from outside and then eventually into things like grab bicycles and then they have grab wallet which allow people to make payments online and then more recently has won one of the virtual banking licences here in singapore together with singtel the local telecoms operator so the two of them together will be operating this virtual bank here in singapore. So it's sort of an all singing all dancing tech firm and they have backing from some heavy hitters. Like softbank uber and toyota. Doesn't it well. Of course probably one of the biggest hitters is one of the state funded funds here in. Singapore called tamasek and so it was one of the early investors. This back deal that the wall street journal is reporting. Hasn't been finalized but if it falls through the journal says grab could just revert to an earlier plan just to take the company public itself new york. What do you think are the advantages to either option for a company like this where i think it's not so much for the company but probably for the investors themselves. I mean some of these. Investors have been in grabbed for many years now and they are just looking for an exit strategy. I mean it's all very well sponsoring company and funding it from the early stages but ultimately you want an exit plan and it is really a case of finding where to float the company. Eventually it really should have chosen south east asia. But i think it probably felt that it was better to get a listing in say america where it would commander slightly higher evaluation but having said that Singapore hasn't really started to embrace specs just yet and so if a company is looking for a flotation and is looking for a fairly rapid floatation. Then of course. I think america is probably the place to be. We'll keep our eyes on this one. See how it shakes out david. Quo co founder of the smart investor. Thanks for your time. Frankly victoria well. If you're scratching your head about why specs the so called blank check. Companies have taken the world by storm. We have all the answers what they are how they work. What kind of companies pursue them. I'm at victoria. Craig on twitter where you can find a link to my conversation with the top j. p. morgan banker who works on those deals checking the numbers now and sticking with the theme e commerce company coupon known as south korea's surged forty percents in its debut on the new york stock exchange yesterday today shares are up and other two percent ahead of the opening bell. Meanwhile here in london the footsie one hundred is down. Three tenths of a percent data today showed trade between the uk and eu tumbled in january after brexit figures also showed the british economy contracted two point nine percent during the month less severe than expected as the country's third lockdown came into force the daily grind. We praise it promote it. Sometimes though it can be unhealthy some people hate their jobs. Others love them. So what makes people truly happy at work. And what can we all learn from them. The bbc's swooping chant has been finding out. There aren't many people who envy what james maluso does for a living post controller in brooklyn. New york today could start off with something as simple as mouse problem. In someone's house it could be Bedbugs crawling all over. Someone's better all over their body in here in this race. There's just one rule. James works six days a week catching rats and killing bugs. the pays ingrates and the chemicals. He uses toxic rut catches impasse. Controllers are often on the list of the world's worst professions but james. He loves his job. I've never woken up in all the years i've done. This lab said go to work today. He says that look of relief and his clients faces. Makes it all worth it. When you all of a sudden you're laying in bed and you have bugs crawling all over you the exterminator that you would normally just pass up on the street all the sudden becomes your best friend and somebody that you want to be friends with. Study after study shows. Happy workers a more productive ones. Laurie santos professor of psychology at yale university. And the happiness lab podcast since we could take a leaf out of james's burke pest control while it might not have you know the degrees on the wall and all that prestige stuff. It has in a huge way this ability to help other people especially in there like worst moment of need is not just pest control as that can teach the rest of us a thing or two with john bowe spent us asking american work what them tick in his book gig he also found what makes them unhappy dependent on how much money they were making because the people who were making a lot of money felt like they had to stay in the job either because they couldn't accept the lower standard of living or they didn't want to let their families down so money clearly does matter after all dreams about high pay or a big office of all parts of climbing the career ladder. But the trouble is says. Laurie santos is often never enough. Getting more money does make us happier but not for very long in fact it actually ends up making us more miserable because the more we get the more we watch. What's about pest control. James maluso is he might have aided by money. My motivated by money. That's one of those questions. Where if you say. No people know that you're Blowing smoke and if you say yes. You seem greedy. I would say unfortunately the way. The world turns with money so enough to get by. Help me pay my bills. I'm not looking to get rich off this finding that balance between money and meaning can be tricky. But whatever gets you out of bed in the morning. It's often the small things that make the biggest difference on the bbc sweeping chen marketplace. We'll let us know what gets you out of bed every week day. A reminder. I'm at victoria. Craig on twitter and good luck getting that earworm out of your head. Today i will be humming rat race all afternoon in london victoria craig with the marketplace morning report from the bbc world service this marketplace podcast is supported by bambi. Business owners know that. Hr issues can be a real headache and expensive. An hr manager costs an average of seventy thousand dollars a year. Bambi spelled b. a. m. b. e. was created specifically for small business. You can get a dedicated. Hr manager craft hr policy and maintain compliance all for just ninety nine dollars a month month the month. No hidden fees. Cancel anytime from on boarding determinations customize your policies to fit your business all for just ninety nine dollars a month go to bambi dot com slash morning to schedule your free. Hr audit that's bambi dot com slash morning.
889: The Average New Car Price Is Unbelievably High by Sam of Financial Samurai on Depreciating Auto Values
"This is optimal finance daily episode eight eighty nine. The average new car price is unbelievably high by Sam of Financial Samurai Dot Com and I'm Dan. I'm your host and narrator bringing you some of the best blogs on on personal finance in audio form and if you have any topic requests something you'd like to hear me cover on the show. Please come visit old podcast dot com and share those ideas. That's O.. L. D. PODCAST DOT COM and before we get to our are post. Thank you to credit repair DOT COM for their support. The are dedicated to helping you develop a healthier relationship with your credit removing questionable negative items is one of the fastest ways to increase your score and credit repair dot com will help you do that. They they make rebuilding your credit as smooth as possible by using tools like mobile APPs email and text alerts and more and they understand that credit scores are not just a number. It's a lifestyle. This is something we hear about on this show frequently and recently in fact so let credit repair dot com help you write your credit story head over to the Lincoln our show notes to sign up today for a free fifteen minute credit analysis now. Let's get right to it as we start optimizing your life sir. The average new car price is unbelievably high by Sam of Financial Samurai Dot com if you were to guess what the average new car prices nowadays. What would you guess? I guessed twenty three. Two thousand dollars since my Honda fit is sweet and only costs nineteen thousand six hundred new given I'm frugal leaving a twenty percent upside pricing buffer seemed logical too bad. I was way off according to experience one of the Big Three credit scoring agencies the average car price now tops over thirty four thousand dollars in two thousand Nineteen Holy Moly. That's ridiculous all time bestselling family cars such as the Honda Accord and Toyota Camry only cost twenty six thousand when fully loaded so how on earth can the average car price now be thirty one percent higher than these to take a look at twelve of the most popular sedans on the market today and their prices all are under thirty thousand dollars even if you add ten percent to account for bad negotiating or a nicer model something is up and I'm going to get to the bottom of things but wait a minute. Why am I adopting a welfare mentality where I'm denying the reality of the thirty four thousand dollars average new car price just because thirty four thousand seems expensive to me? Who Am I to deny experience millions of data points? It's what so many people who read my 4. By Age chart do when they aren't on track they go into denial. I've come to accept the reason why the average new car prices so high now is because of strong demand the economy is booming and people have money to spend if people weren't cashed up prices would fall instead of rise to astronomical levels given everything is rational. We can also assume the average new car buyer makes around one hundred seventy thousand. Thousand dollars a year or five times thirty four thousand based on a fifty percent discount to my one tenth rule for car buying if all new car buyers followed my one tenth rule they'd all be making about three hundred forty thousand dollars a year but I've still got a long ways as to go to convince people not to throw too much of their money down the toilet despite Financial Samurai being around since two thousand nine with so many people from public train janitors to twenty six year old programmers to food bloggers making two hundred fifty thousand plus a year today a one hundred seventy thousand dollars a year for the average new car buyer can't be too far off. There's a bull market in the stock market and real estate prices have recovered to pre crisis levels and then some in cities like San Francisco L._A.. And New York City to spend and more than twenty percent of your gross salary on a car when you could be making mega bucks investing is completely irrational. Nobody I know would choose owning a new car over being able to retire years earlier besides those who don't make one hundred seventy thousand dollars a a year will simply buy a used car for less. That's what I did for all but one of the previous cars I've owned. Everybody knows that a car is one of the worst financial independence inhibitors therefore it's clear that all new car buyers are making around one hundred seventy thousand a year used car buyers make much less because cars depreciate very rapidly. Take a look at the chart in this post in five years. A thirty thousand dollar car is worth about twelve thousand using an average depreciation rate therefore one can rationally assume. The average buyer of a twelve thousand dollar car is making about sixty thousand dollars a year very near the median household income today average auto loan size is absurd. Unfortunately it turns out that most new car buyers are probably really not making anywhere close to one hundred seventy thousand dollars a year. The reason why I know this is because the average auto loan is now thirty thousand thirty two dollars holy who on earth goes out and buys a thirty four thousand dollar car and then borrows thirty thirty thousand thirty two dollars of it are consumers relieved that financially irresponsible borrowing lots of money to buy depreciating asset is the best way to financial destruction and least when you borrow money to buy a house. The House has a chance of appreciating long-term. The last salvation of hope for Americans is that maybe the thirty thousand dollar loan is paid back over a very short period of time like one to two years but nope the average term for an auto loan is sixty eight months five point seven years the longest average average term ever in case. You're wondering the average auto loan payment per month is five hundred three dollars for a total payment of thirty four thousand two hundred four dollars over the five point seven years the thirty thousand thirty two dollars borrowed today for a car would be worth worth about fifty thousand two hundred ninety three dollars in ten years based on a five point three percent annual growth rate if invested in the S. and P. Five hundred instead if we use a seven point two percent growth rate for the S. and P. Five hundred thirty thousand thirty two dollars. Invested would be worth sixty thousand one hundred forty in ten years even if the borrower decided to invest his average auto loan monthly payment of five hundred three dollars in the S&P five hundred for sixty eight months he would probably have over forty thousand thousand invested given sixty eight times five hundred three dollars equals thirty four thousand two hundred four dollars. Is there any wonder why those who are Frugal or follow my one tenth rule for car buying and up much further ahead financially than those with zero financial discipline in ten years the thirty four thousand dollar car will be worth less than ten thousand due to a seventy percent depreciation schedule the investor of the thirty thousand however could have investments worth five to six times more. What's bringing up the average? I still don't get why the average car price is so high. If you take a look at small size and midsize luxury sales most of these cars all cost over thirty four thousand dollars a year fully loaded and the charts save volume is down year to date June two thousand sixteen year over year undeterred I kept on looking for a reason for such a high average new car price when I came upon the San Francisco Bentley dealer and their New Bentayga S._U._V. for two hundred thirty five thousand dollars M._s. r._p._G.. Two hundred fifty thousand nicely equipped the car sales. People told me they can't keep them in stock because demand is off the charts. It's the same for their colleagues at the Ferrari. Lamborghini Mercedes B._M._W.. And MASERATI dealers in other. Awards forget about the top one percent who can barely afford a two hundred fifty thousand dollar vehicle. It's the super rich who have gotten Super Richard due to the raging bull market the top point one percent or converting more of their funny money into real assets before wordell goes poof like the last downturn the super rich are also seeing folks like George Michael die at fifty three with mega millions as a result. They're telling themselves to live it up while they still can money out the tailpipe so there you have it super rich and the middle class who don't read Financial Samurai are spending like there's no tomorrow the super rich don't care about rising interest rates because they pay in cash or lease vehicles as a business expense. The middle-class don't care if they're spending a lot for a new car because they don't know any better eventually the middle class will get crushed again but for now let the good times roll you just listened to the post titled. The average new car price is unbelievably Publi high by Sam of Financial Samurai Dot Com and thank you again to credit repair dot com you can get a free fifteen minute credit analysis with the link in our show notes credit repair DOT COM makes it easy to stay connected to your credit repair your journey and help reach the goals you've set they do it through a personal online dashboard credit monitoring email and text alerts and other easy to use tools that make rebuilding your credit as smooth as possible the analyze your credit reports and work with you to identify identify questionable negative items that are hurting your score then they build a custom game plan based on your specific situation previous members have seen an average forty point Trans Union credit score gain during only four months of membership so let credit repair.
My New Wife Won't Agree to Combine Finances...What Do I Do?
"It's tuesday and this is the ramsey call of the day part of the rams networks. Joining me today is ramsey personality. Rachel cruze rachel. Our question yet. Today's question comes from martin and california. He said i started the debt. Free journey before i got married my then fiance knew i was on this journey but never gave me her thoughts about it. We've been married four months now. And i still can't get onboard with paying off debts with budgeting and being a teammate. On this journey. I signed up for few. She refuses to watch the lessons with me. She also does not accept the unity of marriage. She still continues on about. What's hers is hers. And what's mine is mine. I feel like. I can't win with money as long as i'm with her. Would you recommend marriage counseling or is there another way to get her on board with our debt free journey. Oh man martin. You're getting this early on a marriage. Yeah this is a hard one. I mean my my first question. I would have so many questions for her of asking her. Not in a you know Major conflict type way but ask her. Hey why ask her the why. Why does she not wanna do this. What about this makes her uncomfortable. What about this does she not like going in and asking more of the of the questions of understanding what really is preventing her from being on the same team. And if you guys get to a point that you cannot get on the team after you both have had multiple conversations and again you're kind of digging into more Under the surface. Then yeah i think bring in a third party is smart tried. Fpu but if she refuses to watch refuses to watch it but yeah marriage counseling. I would start having those red lights are gonna start flashing though martin because money fights and money problems they are one of the leading causes a divorce and the fact that she is not on the same page with you worries me a lot and so i would kind of get down on and figure out what what does she fearful of. Why is she choosing not to do this. And then for the betterment of your marriage. I definitely would recommend marriage counseling. You d berridge counseling for sure. No question about it You needed pre-marriage counseling and you should have discovered all of this ahead of time Any of you out there listening This is what you want to avoid The the data on marriage. There's lots of data. Everybody talks about. Fifty percent of the marriage ended in divorce. No they really don't that includes people who get married to sixteen years old after becoming pregnant in high school. Okay well yeah. You're going have struggle with that one. Statistically that's a marriage is not got shot now some people make it thank goodness but that one's a real tough one. Okay and you know. Listen if you make if your household income is over seventy thousand dollars a year you have four year education. Your parents are married. You dated for six months or more prior to getting married. You and less than five years by the way you have a religious affiliation you are in agreement on your religious affiliation and you have one your percentage chance of divorces very very low it drops down under ten percent then but so you know but the problem is you guys obviously did not get into in this particular case. Enough pre marriage counseling. You didn't know each other Because she has something. That's driving this. I don't know whether it's fear or anger. But she's obstinate and man. That is an uncomfortable life. You have in your future. Living with an obstinate spouse and so yeah. You need marriage counseling But this is the reason young people that you date for a little while. You have a very intentional old-fashioned word courting process where you are discovering everything about the other person you're doing pre-marriage counseling prior to getting married because it increases your probability of a successful marriage and it decreases the pain. That young martin is getting ready to go through and some of the things that you just listed are not in your control as a person. You can't control if your parents have stayed married or not you. You can't control certain things you can't control though is to see the data point of marriage and there's like the four main reasons why people get divorced four main causes a fights and it's what is it it's money it sex it's inlaws and raising kids and that's like the big points of tension so if those are the four big red flags is actually religion not sex but yeah yeah being. It doesn't matter. So you put five in their inaugural with different things times. The money thing is like number five at top four side. I mean there's a range of of things that have conflict to the marriage of those are red flags and all of that raise them up and just say hey we need all of you. Dating engage dig into these areas before you get married for sure but martin. Yeah i mean. I would for sure you need because again. This isn't just a money problem. This is the fact that she doesn't want to play on the same team. And that worries me more than just. That won't budget or get out of debt with you. There's something even more so marriage counseling for sure. Get a good one and stick with it. Know me having disagreements one thing in a young marriage like that being obstinate belligerent. And the the verbiage that you're using indicating that's where she is so scary stuff. Thanks for tuning into the ramsey. Call of the day to check out. All of our podcast. Just search ramsey network on apple podcasts. Spotify or wherever you listen.
Wealth Building Today is Different
"The from san diego california. It's the through life podcast with your host. ricky hershey. welcome to the for life today. Wealth building is different. In times past particularly in the united states you could go work at the local. Gm plant and make enough money to buy a home retire and live a good life. My grandfather for instance worked as an electrician and bought his home in los angeles. And i think that would be much less possible today. Working as an electrician with family. I don't think you could buy a home in los angeles and so i set off on a quest to figure out. How much did my grandfather pay for his home. And how much would it cost by today. And how much did my grandfather make. And how much would he have made. Today i don't remember the year. My grandfather bought his home in los angeles. But i looked at median home values in the nineteen fifties in california and the median. Home value in the nineteen fifties was about nine thousand. Five hundred dollars. That's at nine thousand five hundred now. Of course people made less money in the nineteen fifties is able to pull up a table and find the hourly wages of no like tradition in the late nineteen fifties and in the los angeles area. They would make about two dollars and ninety seven cents an hour so to ninety seven times forty hours a week times. Fifty weeks in a year is five thousand nine hundred forty so almost six thousand or in other words in this example the cost of a home is roughly two years of salary or two years of wages and using another source and of course all my sources will be linked in the description. The median home value across the country was about seven thousand. Four hundred dollars and the household median. Income was about three thousand dollars so again. Approximately two years of income would buy a house. Today an electrician in california could make according to salary dot com between forty two and seventy thousand dollars a year. And when i googled this maybe a few weeks ago or a month or two ago. The median home price in los angeles was six hundred and fifty thousand dollars so using even the most generous numbers. The price of a home has gone from about two times a year. Salary to over nine times year's salary. In the words of bob dylan the times are changing. Our parents and grandparents lived in america. That was a little bit different from our own in america with much more affordable housing in america with company funded pension plans in america. Were getting a stable job and buying a home were the only prerequisites financial independence. Well today i think that is no longer the case then. He goods have surpassed inflation in price. Changes housing is more expensive. Healthcare is more expensive. School and textbooks are way more expensive. Some things of course haven't inflation is also measured in terms of a basket of goods clothing. For instance is cheaper. Food is cheaper. But you know it isn't enough. My food budget at the time of writing. This episode was less than a hundred dollars a month whereas my housing expenses were two thousand five hundred dollars a month the pennies i saved on food. Were just that pennies. It was nothing. And i think about my clothing budget. Mike clothing budget is less than a hundred dollars a year. I don't buy clothing now. I'm not saying you shouldn't be frugal with food because you should be. In fact. I think you need to be successful in this new america. You need to be frugal. Cut expenses and invest wisely. And make more money now. Of course i sale of this from my perspective as a millennial. I'm sure my parents struggle. I'm sure there were times when money was tight. In fact i know there was by maud managed to pay her way through college eating popcorn and potatoes. She worked a low wage job to fund her schooling and she managed to get a doctorate as inspiring as the story is. I think it is even less possible to do now. But don't fret i'm not trying to be a downer. It's harder now. It's not impossible but now is the time to take control of your finances. No one else will do it for you and it won't just workout like it used to so go out there. Make a change. Spend a little less money make a little bit more money and while home prices and many other things are a lot higher now than they used to be. There are good things happening. You can start investing today with very little money. You can make free trades online whereas before you would have to call a brokerage and who had cost money and if you wanted to buy very small amount of stock those trading fees would destroy your prophet. Now that's not the case so while in many ways times are harder now than they've ever been. They are better now than they've ever been. It's important to look on the positive side of things as well. But i want to hear from you my listeners. About what you are doing. Tell me about your financial situation. I'd love to help you in any way i can. This show i make for you the listeners so send me an email. Connect with me on social media. I'd love to hear from you. So i invite you this day to make a change to make an improvement to your financial situation. You don't have to solve all your problems today. That would be crazy but if you just make one improvement today i think your life will be better and you'll be grateful for it in the future. Thanks for listening. I hope you have a great week. And as always stay frugal.
How Much Am I Allowed to Allocate To Take My Family Out to Dinner?
"It's wednesday and this is the ramsey call of the day part of the ramsey networks. Joining me today is ramsey personality. Dr john charles toledo charles. How are you. And i and great found you on the radio. Mohawk sorry on on on on a friend of mine years ago and truth need to some of your methods are not to you so that Kind of slowed progress down a lot. I could have been a lot more sooner. But i am fifty Pretty much debt free except for mortgage. And when i start putting in zero percent mortgage so it kind of doesn't make sense to just get the 401k to pay off But i can't do that. But so the point is Does the financial peace university. Or the damn ramsey. Toss teach me. How much of my money. I can spend where for example. I like to take my wife and kids out to dinner. But i don't know i can't find online. How much allowed. Allocate towards that permeate much I'm a late favor Just you know. I only have about twenty thousand in my ira at the moment So i do wanna put an ass much as i can in july eligible for a broth- 401k that they will match seven percent so i wanted to do that. That's great well. Budget percentages would change depending on your situation. If you're in what we call baby step two mesnier clearing off all your debts except your home. And i think that's where you said you. Are you know if you're already passed baby. Step two then You know yes you can allocate some. You can lighten up your percentages and allocate some for fun some for restaurants and vacations and those kinds of things if you are in the get out of debt mode gazelle intensity and baby step to the the allocated percentage for restaurants zero. Okay percentage for vacation is zero while you work your way out of debt. And that's not like dave ramsey punishing. Somebody like some of these idiots say on social media but it's more like This is how you win right to get out of debt. It's how i won it. Pay a price to get out of debt. It's not easy. It's hard now but but as you go along yes there are some guidelines. We've got some percentages. Some of them are in the back of the different books in for instance. Total money makeover. I think there's a percentage guidelines on the in the forms section in the back of the book. They'll analog forms. I don't think there are percentages in everydollar the budgeting app which is really what i recommend you use. But if you're just looking for some guidelines there's that now one that is well known as we tell folks not to have more than twenty five percent of your income. Take home pay going out in housing your payment and so there you are But you know what what ends up happening is the percentages. Don't matter as much as a dollar that goes to one thing can't go to another and once you start doing that with your spouse then you say than the you come to an agreed amount for restaurants and it's you know and so if you make seventy thousand dollars a year. The agreed amount for restaurants is not seven hundred dollars a month right because you can't hit the goals and you're going to make those decisions automatically when you're looking at it But there's not a magic formula. Says you know you just limit your restaurants to this but but instead you start making wise decisions that everything. Every budget categories a trade off putting money in one by definition means. There's no money for the other one. And i like what rachel talks about is asking yourself that next layer which is why are you buying that. Are you buying another shirt. Jeff money in your clothing budget because you actually need new clothes. Great he bind stuff new clothes. 'cause you're that's that's your addiction right. Yeah that is a your wallpapering over some other stuff. You'd be dealing with so i like to ask myself and they eating out thing is that that's not for showing off for other people but you know why are we eating out so much right. Is it because we don't like spending time at home is because one of us doesn't wanna cook or doesn't liked to cook or we came into the store or is it just because at the end of the day we just a form of entertainment and so are we. You know what's going on with that is why are we doing that. Thanks for tuning into the ramsey call of the day. Check out all of our podcast. Just search ramsey network on apple podcasts. Spotify or wherever you listen.
NPR News: 01-16-2020 12PM ET
"Live from NPR news in Washington. I'm Lakshmi Singh the. US House today takes the historic CEPA formerly presenting the articles of impeachment of president trump to the US Senate where preparations are underway for next week's trial trump's accused of leveraging military aid to Ukraine to get the US ally to announce an investigation into Democratic presidential candidate. Joe Biden today a government watchdog agency announce it found the trump violated the law when the Office of Management and budget held up the congressionally. Sean approved aid without first checking with Congress House Speaker. Nancy Pelosi spoke to that a short time ago. The White House the administration broke on saying England broke the law. They say we conclude that they violated The impoundment control at the president was impeach last month in a process assists that he and his Republican allies in Congress have called a sham will Ukranian police say they are now investigating whether US ambassador came under illegal surveillance over over the spring before she was recalled to Washington. It's connected to an indicted associate of trump's personal lawyer Rudy Giuliani who claims that the president was fully aware of their efforts. NPR's Ryan Lucas reports. That was one of several allegations left Parnasse made in an interview with MSNBC live partner says he worked hand in hand with Rudy. Giuliani Johny to pressure Ukraine to announce investigation into former US vice president Joe Biden speaking to. MSNBC's Rachel Maddow Parnasse alleged that president trump knew exactly what they were doing. He was aware of all my movements. He I wouldn't do anything without the consent. The Rudy Giuliani or the president made a series of other potentially potentially damaging claims in the interview including that they're Ukraine work was quote never about corruption. Instead he said it was all about Biden. Some critics of the president jumped on Parnassus allegations. While some of the president's supporters questioned his credibility Parnasse was indicted in October for alleged campaign finance crimes. He has pleaded not not guilty. Ryan Lucas NPR. News Washington Canada's Foreign Affairs Minister is in Britain today. Chairing a meeting of countries affected by last week's downing of a Ukrainian airliner in Iran. Dan Carpet check reports. All One hundred seventy six people on board were killed including eighty-nine with ties to Canada meeting also includes representatives from Ukraine Britain in Sweden and Afghanistan. Most of the passengers were travelling to Canada. Fifty seven of them were Canadians. Canada's Foreign Affairs Minister Francois. Felipe Chaban says the London. That meeting will focus on justice and financial compensation for the families of the victims. Ottawa says pushing Iran for compensation is a priority transport minister. Marc Garneau says is while we can't bring back we can make sure they receive compensation to help them navigate this difficult time. Meanwhile the Canadian government is considering some form of interim compensation compensation while families affected wait for a settlement from Iran for NPR news. I'm Dan Carpenter in Toronto. This is NPR news. The opening statements start next Wednesday in Harvey Weinstein's criminal trial in New York City which is expected to last six to eight weeks. Weinstein unseen charged with five counts of rape and sexual assault related to at least two women. If convicted he could get life in prison the once powerful movie producer also is it's charged with sex crimes in Los Angeles Multiple Sclerosis patients. Find their prescription. Drug costs keep climbing. NPR Sydney Lufkin reports on new research. That reveals a financial relief. People hope generic drugs would provide isn't materializing and drugs are expensive costing about seventy thousand dollars a year. On average the most popular one is called copaxone made by teva pharmaceuticals. There was hope. A generic version approved a few two years ago would drive down prices and costs. That didn't happen says Dan. Hard tongue of Oregon Health and science university pretty minimal impact in terms of not continued upward Growth of prices after the introduction of generic instead many patients which to a newer and expensive version of CAPAC Paxson the research was published in the Journal. Neurology Sydney Lufkin. NPR News. The Commerce Department's reporting retail sales went up three tenths of a percent last month excluding sales at car dealers and gas station sales rose half a percent at last check on Wall Street. The Dow Jones Industrial Average Ridge was up one hundred seventy three points the open at twenty nine thousand two hundred four. It has risen more than half a percent. This is N._p._R. News.
NPR News: 01-16-2020 10AM ET
"Live from NPR news in Washington. I'm Korva Coleman opening statements in President. Trump's senate impeachment. Trial are set to begin next Tuesday in the Senate the House has sent in over two impeachment articles. NPR's Claudia Griselda says chief justice. John Roberts will be on Capitol Hill Today as Senate Majority Leader Mitch. McConnell prepares for the proceedings to get underway. The chief justice of the United States will be sworn in who will then swear in the senators who will act as jurors in the trial. The majority leader then said the White House will be notified and receive a summons the trial is slated to start on Tuesday could last several weeks. NPR's cloudy Saleh's reporting president trump continues is to characterize his impeachment as politically motivated and has a hoax. CNN has released audio of a heated exchange between Senators Bernie Sanders and Elizabeth Warren. That took place. After Tuesday night's Democratic presidential debate into moines. NPR's Daniel Kurtz Lebron reports CNN reported on Monday that Sanders allegedly told Warren during a private 2018 meeting. That he didn't think a woman could be elected president in a statement sanders denied. Saying that at Tuesday's as debate Warren maintains that he had made the remark and Sanders again. Denied it afterward. The two spoke to each other. Near the lectern microphones. CNN which aired the debate eight released audio of the exchange Wednesday night. I told me a liar on there not been the what I think you called me a liar on natural. Let's slug through it right now. Have you call meal you told me. Let's not Sanders and Warren are among the four leading candidates in a tight race in Iowa. Daniel Danielle Kurt Slaven. NPR News Des Moines. The Iowa caucuses are in February third Russian. Lawmakers have approved a new prime minister less than twenty four hours after President Vladimir Vladimir Putin nominated the country's chief tax inspector for the job as NPR's Lucian Kim reports from Moscow Russia's entire cabinet resigned yesterday after Putin in proposed sweeping changes to the country's Constitution the Duma Russia's lower house of parliament voted on the appointment of Hilma Houston. Did he is the voice. And each of the speaker of the Duma counted the votes. There was not a single one against Michigan who has been praised for equipping Russia's tax agency with cutting edge digital technology technology Michigan replaces Dmitry Medvedev as prime minister who came under fire for a sluggish economy and drop in living standards on Wednesday Putin respond to growing popular discontent by advil. Go at the same time. Putin proposed changes to the Russian constitution that may allow him to keep political power after his presidential missile term runs out in four years Lucian Kim. NPR News Moscow on Wall Street. The Dow is up one hundred forty two points at twenty nine thousand one hundred. Seventy two Nasdaq is up. Nearly Seventy points ninety three hundred twenty seven the S&P five hundred is up fifteen this is NPR and indicted associated president. Trump's personal lawyer Rudolph Guiliani is alleging that president trump was fully aware of their efforts to dig up dirt in Ukraine love Parnasse told MSNBC that he worked with Rudy Giuliani to pressure Ukraine to launch an investigation into Joe Biden and that President President trump knew about it. Critics Parnasse was indicted last year on alleged campaign finance violations prescription drug costs keep going up for patients nations with Multiple Sclerosis new research. Shows that generics are not offering that much relief as Edmund Rather NPR Sydney Lumpkin reports. Ns Drugs is are expensive costing about seventy thousand dollars a year. On average the most popular one is called copaxone made by teva pharmaceuticals there. There was hope a generic version approved a few years ago would drive down prices and costs. That didn't happen says Dan heart-lung of Oregon Health and Science University. They were pretty minimal. Impact in terms of the continued upward Growth a prices after the introduction of generic instead many patients which to to a newer and expensive version of CAPAC zone the research was published in the journal Neurology Silicon. NPR News the International Court of Justice. Justice in The Hague will issue a ruling next week on a request for emergency measures on genocide case against me and mar that country is accused of genocide against. It's were hunger. Muslim minority underwood's of thousands of Ranga have fled me and Mar.. I'm Korva Coleman N._P._R.. News in Washington.
Sen. Ed Markey On McConnell Blocking Vote On Stimulus Checks
"We're gonna start today in the nation's capital where a two thousand dollar tug of war continues. Here's what's going on both congressional democrats and republican president. Donald trump have called for increasing the individual stimulus checks from the six hundred dollars that were signed into law sunday night. Two thousand dollars now. Yesterday the house passed a bill. That would do that. And that included votes for more than forty house. Republicans massachusetts senator. ed markey joined vermont. Senator bernie sanders in threatening to hold up other key business in the senate. If that bill doesn't come to a vote in the senate now earlier today senate majority leader mitch. Mcconnell blocked a vote saying that the senate would take up the issue but along with two other. Donald trump priorities removing legal protections for social media companies in a defense spending bill and investigating. What the president has called quote very substantial voter fraud and quote in the two thousand twenty election the latter being despite no credible evidence behind the claim massachusetts senator. Ed markey is with us. On the line senator markey. Welcome back to radio boston. Thank you get up to noon. It's great to have you. i wanna start. I know the two thousand dollars is the goal does it need to be voted on in the form of this house bill. That was passed yesterday. Or would it be acceptable to you. As long as two thousand dollars gets voted on if it's part of some other piece of legislation not what you just be two thousand dollars. That's what Trump supports. That's what we've got voted out of the house of representatives. That's what actually marco rubio and other republican senators saying that they support straight up or down. Yes on no. Do you want to give two thousand dollars to individuals who make less than seventy thousand dollars a year. We don't have to worry about. The billionaires have made unbelievably in the united states this year that made over a trillion additional dollar this year. The stock market is good to them. The bond market is good to them. What's really a very very dangerous. Threatening situation is the number of people being thrust into poverty. You know who are hungry. Who are desperate to pay their bills. Pay for the food for their family. Pay for the rent. Paid for the mortgage all of that creating a senator families all across the country and so we should just have an up or down vote on whether or not the republicans are willing to provide that additional in this case. Fourteen hundred dollars on top of the six hundred dollars That they've already supported so couple. Couple things follow up there. I clearly six hundred dollars is not going to help. Somebody keep from falling into poverty. Do you feel that. Two thousand dollars is sufficient to stave off some of what you just laid out or is it a and i don't mean the cynically is that just the most that we can get to or that you can get in a stimulus check. Well senator sanders in Comma harris and i we. We introduced in may legislation to give individuals two thousand dollars two thousand dollars a month. So this two thousand dollars does is. It gives us a chance to get into the biden administration to To move onto the next step of help which we are going to have to provide to. Tony vouch has made it very clear that the worst of the crisis is ahead of us and not behind us and it is absolutely imperative that we provide this two thousand dollars right now and then come back After joe biden is one in in in in determine what else we need to do for these families. so let's talk about getting it done ostensibly. At least senator markey. The issue is about deficits Republicans are resisting this much expenditure because of It takes over a trillion dollars and concerns about the deficit. I understand that there are many political aspects to who's worried about deficits and at what time do you think that that's really the issue at hand from an outsider's perspective. It almost looks like there's just some sort of internal struggle in the republican party playing now and it might not really be about two thousand dollars. Well i think that republicans Now becoming born again deficit hawks but they don't have any problem with voting for a bloated defense budget which is why Bernie sanders. And i have now objected to moving expeditiously with the handling of that bill. It just seems that. Republicans are more focused on funding. A defense bill then funding for did defenseless families in our country and not have any concern about the deficit with this about the about the the amount of money it would take to pay this. Two thousand dollars. Is it just a necessary cost or do you have concern that. That might be hard on the country later. Well we're in a situation where we know that billionaires as i said have already made more than a trillion dollars in twenty twenty alone on top of what they already had. It's unbelievable it's it's now for the country to step up for those who are most in need are struggling campaign their bills. Who have children. Who are hungry who have mortgages which being foreclosed rent which is due. That's the job of government That's what The government is actually set up to do. It's to insure that families. Get what they need in their time of crisis and there's no question with Millions of people falling into poverty That we have an obligation to help them. Republicans you know historically have a have been very conservative in their willingness to step up but if the government doesn't step now then there will be no time. That is justified for republicans to support people in need in our country. So what we're seeing. However let's be honest with marco rubio. It's actually senators purdue and leffler from georgia with josh hawley from missouri. And now with donald trump is there seems to be. We'll send in the republican party To have a vote for in support for these families. So what i say is why not just do a yes or no vote and up or down. Vote on the floor of the senate this week. That's what we're asking bernie sanders and i. It's simple today. we could do it tomorrow. Donald trump supports it. Let's just get this help into the hands of people who need it. So you in the in senator. Sanders are pushing for that. It does look like there's kind of remarkable sway among some republicans. What's at stake. Though in the approach as i understand that you and senator sanders have taken is the ability to override president trump's veto of the defense spending bill you referred a minute ago too bloated too bloated defense budgets. I do understand that. Bill has strong. Bipartisan support. itself in is often argued is quite necessary. Are you comfortable that the country would be safe without that. Override know if this battle goes down to the wire Well there's one thing that we don't have to worry about is that Republicans do support a defense style. So i'm not concerned at all about whether or not ultimately the defense department will get what it needs. And by the way there are hundreds of civilians of additional unnecessary dollars that a built into the defense budget Making making nuclear weapons once again a priority when we should be actually talking about protecting ordinary families so i think ultimately the defense budget will pass I think it's it's too much money in that budget but at the same time. We can't do it unless and until we also provide for ordinary families to get the protections which they need nuclear weapons. Nuclear weapons are not going to be protecting american families over the next year. It's going to be cash in their pocket in order to take care of their family needs. I know you know that senate majority leader mitch. Mcconnell wants to link this question of two thousand dollars stimulus checks with two other presidential priorities. I talked about them at the top removing protections for tech companies like ed like a facebook or google and the president's desire to investigate disputed claims over voter fraud despite you know no substantial evidence to that is that a non starter for you. Let's say that the house bill just doesn't come to the floor of the two thousand dollars project doesn't come to the floor that way. Would you be open to it coming to the floor this way. It no and it's not necessarily the the issue is immediate help to families who are desperate right now. We have a health crisis in our country and unemployment crisis hunger crisis and addiction crisis and we have a crisis of faith in a nation and we have a moral obligation to take care of these families and to do it right now so all these other issues that can be dealt with in the future but making sure that families get what they need to protect your loved ones. That has to happen immediately. Senator back in november. We reached a point here in the commonwealth more more than a million people are hungry. You've been talking about poverty. Hunger vulnerability evictions. What are you hearing from constituents in the commonwealth and and what else is it gonna take to keep the economic floor from just falling out from underneath. I'm more vulnerable. Residents here in the commonwealth. Well we do have a hunger prices in the commonwealth in its shoe across the whole country and built in to the corona virus a package with Billions of additional dollars in to help with that crisis with we're seeing levels that is Unprecedented you have to go back to the great depression in the nineteen thirties to see anything that's comparable And and again it just keeps bringing us back to this point where we have to put cash in the hands of families Those that under seventy thousand dollars a year So that they can pay the bills they can buy the food For their loved ones and it should go to each individual who makes under seventy thousand dollars regardless of their status so from my perspective. You've put your finger right on. It is a crisis. It's unprecedented the numbers of massachusetts Mira what's going on across the whole country And it's time for the federal government to do some time to ask our country what it can do For auditory families in our society. Last question for you senator markey. Joe biden is president elect. He's a democrat. The senate hangs in the balance with two runoffs in georgia in january on your mind. What are the other big legislative priorities for. Twenty twenty one. Well we have to obviously come back and Add onto the additional resources that we are dealing with two that we are We'll deal with the corona virus crisis But it's a at the top of the list is the climate crisis It's getting worse and worse as each A new report comes in Across our country and across the planet we can solve this problem. It's a political problem. Not attacking electrical problem with technologies of their wind. Solar all electric vehicles plug in hybrids battery storage technologies. it's all there the racial injustice inequality in our country it has to be front and center as well Environmental justice has to be front and center as well. We we know there's something wrong with the country Where three billionaires control wealth than the bottom fifty percent of our population combined our economic system has gone off the rails and it hurts black and brown an immigrant and poor families more than anyone else not society that should be the business country and twenty twenty one. Well that is massachusetts. Senator ed markey. I hope you'll come back in twenty twenty one to talk about that progress. Thanks for today. thank you so much.
GaryVee New Year Series: Empathy
"This is gary v audio experience. Empathy empathy empathy empathy empathy empathy. Empathy is the secret drug of success. And you have to feel it. Yeah you have to have it. It's like being so. And so what do you see the people who don't have it there in deep shit if you don't they're in deep learn but i can tell you that i'm sure being around empathetic people being i'll tell you that vein or has great ambition to suffocate it so make it a real thing so people can learn from it. I look at everybody here. They've all had different strives in depending on. But that's part of the honey right that your people look it's zoom yes. You're tough questions. So let's say there's someone who works here at painter who is killing it. They're bringing fired where i'm going. Because i'm the biggest revenue driver by such a disproportionate part that i would never put myself in a position that i'm at the mercy of somebody else. It's unbelievable how. I just. I do not take the accolades and i do not take the heat. I'm just fucking in the middle. I'm in my own head. it's really a reflection of who's saying it's not even a reflection their projections. Should you appreciate this. it doesn't even go bro. Honestly i've got your pods in twenty four seven k. Your shit my mom to a stranger. Just don't hear it. I don't know what else to tell you. i'm very fucking place. A very interesting place on this it. You know what it's driven by empathy. I know they don't know me they don't know me they just can't fuck in begin to know me. Like i hate scottie pippen. I don't know scotty pippin. So i understand it. I fucking ate scottie pippen. I despise tom. Brady and and i actually know a lot of people. That moment sounds like is a fairly solid dude. Still fucking hate them. And so like if. I'm willing to do that then everyone's willing to do that. And they're going to permission to do that. You know what's crazy. If i meet seventy thousand dollars a year i'd be set. I mean real happy. I don't eat any when when you don't need anything when you expect anything from others when you don't need anything when you love losing when you don't give a fuck about what other people think you become fundamentally unbeatable and that's what i'm un fucking beatable because of humility empathy Can cruel like. It's gonna be interesting. How like starting to figure it out. I'm like okay. You can't be what do you do. What are you gonna do. What even saying i like it like. I want more chips on my shoulder. I like why do you think. I love the jets so much like. It's true though empathy empathy for people. I mean you know much loved. Di rocco films me. That's the first time i've ever seen him drop his camera and dropped on your guy you know. How did you what you didn't even get to see the angle. I was watching him while we'd been doing this interview. He was upset for five minutes. He still upset. You have to empty you care about other people. I think that's how you become consumer centric. I care more about my customers myself. I care about my employees employees. I my customer second and meet third and honestly actually. It's not even true employees customers. The company bainer media right wine library. Do you know many times. I've paid people a severance from my bank account personally. Not from the companies. Because i thought that i was doing the wrong thing by the company. And i wanted to do something for my former employee. It came out of my pocket. Most people the versa me. They want all the money. The only reason they have employees or a company is for their personal money. Yeah i'm not so i think. Empathy self awareness empathy. So what's the secret of making people engage with your content supports empathy. Empathy is the secret. I believe i sit at where i am in lexicon. Which is i think a winning player in today's new environment because i'm empathetic to my audience. I put out content that brings them value. Not makes me feel good about myself. Even if i could wish anything. I would wish the balance of self awareness self. Esteem and empathy drives me as empty. I'm i'm not upset of people that judge me. I wasn't mad at the teachers. Their framework was. Did i read catcher awry and know what to write in this test. I didn't read it so i was in trouble. But and so it's really pulling from opposite directions its disproportionate competence and being quiet within my head yet. Been unbelievably on pathetic. To why machine does what it does and so but yes. I have a disproportionately happy life. Because i don't like to be judged. I don't want to be razzed but ultimately i don't give a shit so again and i put myself in a position to. It's not as easy when you work with a company when your boss's boss's opinion view that matters. I just decided school i. I don't know why understood so funny so much of what i talk about is. The world came to me. Because i never went to the world. Right like entrepreneurship wasn't cool. Like the world came to me. I stayed the course of being an entrepreneur. I would judged for working my dad's liquor stores at twenty six year old while my friends went to wall street and got a bmw. I just stayed the course and then all of a sudden you wake up and the world comes to you if somebody at school or in the comments is taking the time to watch your videos and tell you that your ugly you suck you're stupid. They're very bad police. I mean it. I've been taking heat for a decade and everyone's like fuck haters deleted. I've actually only seen at one way from the first day in two thousand six to now just thirteen years. I feel bad for them. Like i'm not even kidding. And i'm not talking like bad for them like you're now cool and have four million have it. I actually mean think about how much it would suck to be in a police in your life where you are so hurting inside that you want to drag somebody else down compassionate empathy. I actually feel warmth towards the people that hate me the most unusual answer. But i think it's why i've been able to persevere for so long with so much judgment thrown at me and my whole career has been innovating in the wine business in silicon valley and now and the ad world like i i get hate from people that are well established not from anonymous accounts because i'm disrupting and that's not fun episodes over. Please leave a review and subscribe on. Apple would be a lot a lot a lot a lot to me. Thank you very much to is. Highlighted review is july first twenty twenty the absolute best. Buy p martin ninety one. I've been listening and watching for the past. Four plus years. Gary has changed my life in more ways than i can explain. He gives me the advice drive and direction that follow my passions. Try and do something great. In this life he talks about marketing business personal passions and busy and so much more. If you feel like you wanna do more with your life but don't know what that means give it a listen. You won't be disappointed. Thanks to pm martin. Ninety one keep those views coming. We could highlight yours next.
How do we stop another COVID pandemic?
"This marketplace podcast is supported by equifax the world's digital infrastructure company looking for the choice and control of hardware with the low overhead and developer experience of the cloud deploy x. metal in minutes across eighteen global locations from silicon valley to sydney. Just add metal. At metal dot equinox dot com this marketplace podcast is supported by out systems the application platform that enables every company to innovate through software out. Systems accelerates the development of business critical cloud applications build the difference without systems for more information visit out systems dot com slash action. How big our new mortgages. Now be guessed. I'm david brancaccio in new york. We'll get a read on new home construction later this morning. When april data on building permits and new housing starts are released builders have and tried to make up for time lost during the pandemic but the supply of homes is still very tight and the cost of building. A new home is rising. According to the mortgage bankers association last month the average loan size for new home reached its highest level in the surveys history. At more than three hundred. Seventy seven thousand dollars. Marketplace's mariel sagarra looks at what goes into the cost of a new home these days. If you want to build a house you have to pay for land and labor and supplies from lumber to concrete installation resin. Pay bricks really you name it. Elliott wolf is chief economist at the housing data firm. Zonda a lotta. These supplies are getting more expensive in part because during the pandemic housing demand far exceeded what anyone expected and now the builders are scrambling and the supplier scrambling and the rising costs. Don't end there. Robert dietz at the national association of home. Builders says the cost of things like permits and water and sewer fees add up in fact we estimate about a quarter of a newly built single family homes. Final purchase price is made up in these regulatory burdens the nhc estimates that all those fees now average almost ninety four thousand dollars per house a mariel maryelle zegarra for marketplace checking markets dow futures both of three tenths of a percent now the nasdaq futures. Up seven. Tenths percent post brexit. The busiest stock market in europe is amsterdam. Where the key index there is up seven tenths of a percent now. The ten year treasury yield is down one point six five percent the following is not from an environmental advocacy group but from the international energy agency if the world is going to deal head on with climate change by making the world produce no more carbon dioxide than it saves by the year twenty fifty minutes entry then investment in all new fossil fuel production needs to cease this marketplace. Podcast is supported by bambi. Business owners know that. Hr issues can be a real headache and expensive. An hr manager costs an average of seventy thousand dollars a year. Bambi spelled b. a. m. b. e. was created specifically for small business. You can get a dedicated. Hr manager craft hr policy and maintain compliance all for just ninety nine dollars a month month the month. No hidden fees cancel. Anytime from on boarding determinations they customize your policies to fit your business all for just ninety nine dollars a month go to bambi dot com slash morning to schedule your free. Hr audit that's bambi dot com slash morning lessons from the world's response to global pandemic. The latest report from the united nations panel finds. The world still doesn't have a robust system to deal with disease outbreaks. Larry brilliant is a physician and ceo of pan. Defense pandemic response advisory and epidemiologist. Who is part of the team that decades ago radicalized smallpox. We check in with them from time to time. Larry thank you for joining us david. It's good to talk to you again. You know with the global challenges at this scale. I mean in looking at india. What has to happen now. We've done incredible innovation on vaccine. But you want something much larger to be done yes. I'd like a dose of humility and a dose of courage. We need to understand what we face. We cannot radically eight. This disease david. Because it exists in a dozen animal species we will not get to global herd immunity. We have to figure out vaccine saving strategies that will allow us to use the vaccine that we can make and distribute it in a speedy effective ways. We can and that means we need to look to the lessons of ring vaccination just in time vaccinating focused vaccination. It's different than outbreak control and to do those things you need a global campaign a global program. Can you tell me where the global campaign offices for covid and what agencies running it who the leader of it is. Why i know i believe i'll say doesn't the world health organization do that for a living well. The world health organization has done that extraordinarily successfully in the past and smallpox polio. But right now there are so many different actors and particularly. We are in an era different than we were in smallpox radiation the report that came out from the independent panel for posed a system where there's a task force for global health threats that's created by the general assembly of the united nations that oversees. What a new more empowered. Who do we're going to be having that conversation for quite a while but we need a new structure we need to share best practices and observe and learn from that are failures and we need to manufacture an awful lot of vaccine and create a way to deliver it that uses the least vaccine by focusing on the people most likely to get the next case of the disease as we've learned from ebola two years ago in the congo and certainly as we learned from smallpox eradication so start with you think the united nations structure to come up with a new global organization for rapid response and for vaccine resource allocation. No i actually think we have a wonderful or anelle inside of. Who called gorn. Global outbreak response network. It's a terrific organization. It's not well. Funded who structure is complex. This new report by an independent commission headed up by two former heads of state. Helen clark former prime minister of new zealand and ellen sirleaf is former president of liberia. It's a serious report. It's a really good beginning. We had a great global campaign against smallpox. A wonderful campaign against polio. Down to two countries. Let's learn from that and create a global unified campaign against covid larry brilliant is. Ceo of pan defense. The pandemic response advisory. He's in epidemiologist dr brilliant. Thank you david. Nice to talk to you again. Thank you for having me all of our fast track coverage of the massive logistical challenge vaccinating. The world is accumulating at marketplace dot. Org story who've been following really throughout the pandemic. I'm david brancaccio with the marketplace morning report from apm american public media this marketplace. Podcast is supported by wamsley. Are you a small. Business owner self-employed or a gig. Worker wisely has helped over one hundred thousand small businesses get a ppp stimulus loan and proudly serves more than six hundred thousand small businesses across america while also designed their ppp fastlane with gig workers in mind act. Fast funds are limited apply now at wampler dot com slash morning and see if you qualify for a ppp loan and to see the terms and program rules that's w. m. p. l. y. dot com slash morning.
Americas meat supply and what we know
"What we know about America's supply of meat. I'm David Brancaccio. President trump is invoking his special authority under the defense production. Act TO KEEP meat processing plants. Open in an executive order. The president designated the plants as critical infrastructure. Some plants have been hot spots of Corona virus and had been forced to close affecting the country's meat supply marketplace's Nova Sappho joins me now with more Nova. What does the president's executive order do right so for one thing? It prevents local authorities from closing meat processing plants in their communities because of Corona virus infections as long as those plans are following federal safety guidelines those guidelines came out over the weekend. They are voluntary. They include steps like spacing workers farther apart putting physical barriers such as plexiglass between workers federal authorities say if plant operators are making a good faith effort to follow the guidelines. Then the government may stand by them if they're sued by workers for exposure to the corona virus. Good faith I understand that. Labor unions are not happy with his executive order. What are they saying right? They are not and it. Is that term good faith? You mentioned they say worker. Safety should come first and some workers have complained that plant operators have been slow to implement safety measures. Local officials claim. Some plans are hotbeds of infection that then spread throughout communities in the United Food and Commercial Workers Union says twenty workers have died. They want the government to compel plant operators to take more safety measures. They want enforced standards. All right marketplace's Nova Sappho thank you very much with ninety five percent of all domestic flights grounded in this pandemic. The maker of many of those planes is set to report quarterly sales and losses. Today The Wall Street Journal reported this week that prosecutors have widened a criminal investigation into quality. Control lapses at Boeing beyond the problems with at seven thirty seven Max jets involved in two fatal crashes and there's news rival. Airbus went from making money to losing it in the last quarter. The Airbus Chief Executive says the industry needs to learn how to coexist with the pandemic. Here's the BBC's. Theo legged aviation traffic around the world is down between seventy and eighty percent in some countries. Entire aircraft. Fleets grounded so getting the industry started again is a logistical problem for start all the aircraft needs to be prepared for flights again the pilots and crews need to have that training up to scratch. The industry's fairly calm about that. What they're less happy about is what's going to happen. In terms of when travel restrictions removed so which countries do it and also the conditions under which that happens so the moment you could say it's a bit of a mess and nobody knows where the industry's going it's the BBC's. Theo legat the footsie. One hundred stock index in London is up six tenths of a percent checking. Us Stock Index Futures. The Dow future is up one hundred thirty points five tenths percent. The Nasdaq futures up one percent with the Federal Reserve policy team due to report back after lunch today long before there was something called novel Corona Virus. There was extensive work being done helping communities develop resilience to really just about anything bad could happen from earthquakes floods to pandemic JEB. Bergman is founding partner of resilient cities a catalyst. Thank you for joining us. It's a pleasure. Thank you David over the years. We've examined this idea of resilience for cities and regions the idea that there are policies that can help a place. Be in a much stronger position when bad things happen. Here we are bad thing is happened. In what ways do you think resilience could help us? Moving forward while the current crisis is exposing that we need to build out a full infrastructure for in particular our local economies and distress communities around our country. Were about one hundred million people live. We've done this before we've built whole infrastructures to deal with fire risk in American cities that used to burn to the ground on a regular basis. What do you think some of the priorities should be as we move forward when I think of it as an economist? I look at two highly expose vulnerabilities and the national economy that trickle down to our local neighborhoods and communities. The first thing is the. Us economy is extremely dependent on personal consumption expenditures and about twenty seven percent of the GDP in the United States is consumption expenditures by households that make less than seventy thousand dollars a year so when those households like today get hit very hard with layoffs and those consumption expenditures drop. It has a trickling down impact on the small business community. And so we really need to figure out how we strengthen both the small business community and low income households to be able to. Whether these kinds of shocks so disaster happens government mobilizes perhaps the federal government hands out a bunch of resources in a bunch of money but what the regions are the cities or the towns need is a way to get the money into the hands of people who need it quickly so that could be a resilience initiative that comes out of this pandemic crisis and that's why I call it infrastructure. This is really about putting institutional mechanisms in place or strengthening the ones that are already there so that there is a response so that within a week Funds can get out of the door to the most vulnerable local businesses and households but we have a whole infrastructure in the United States of community development finance institutions Local cooperative community development corporations. And I think we need to do is support them. Having a capacity in order to have this response mechanisms and to be able to link up quickly with state and federal government in order to move money quickly back into the economy when it's down Sneeze Jeb. Bruggeman is founding principle of resilient cities catalyst and original economists. Thank you very much. It's a pleasure. Thanks for having me. I'm David Brancaccio. You're listening to the marketplace morning report from APM American public media.
North Dakota's new boom: wind energy
"Support for climate cast comes from Bank of America as one of the largest global financial institutions Bank of America is in a unique position to help society, transition to a low-carbon economy, Bank of America, NA member FDIC Jay how much power is wind generating now in North Dakota. Well, that's a good question. It's a little over three thousand megawatts is the best answer. And as a percentage I sought is that something like twenty five percent of the state's power. It is. Yeah. It is. That's a big bite isn't it? It is. And so how much job growth has wind power generated in North Dakota. I believe some of the recent stats I've seen it shows about nine thousand jobs in renewable energy, wind specifically, I don't have that exact answer, and we know that wind energy technicians are in demand. In fact, I think that was the fastest growing job category in America for a couple of years, tell us what a wind energy technician does. Well, a win tech is a is a person who operates and maintains winter bites. But I like a better answer than that a win. Tech makes electric city you know, electricity or at least the way we use. It is not something that just grows. What in the wild, right? We have to make it. So that's what I'll win tech does. We make electricity. So are they tower climbers? Do. They fix the equipment. What's daylight for a win technician? Well, absolutely win Tech's. That's one of the defining characteristics of the job is you are you're climbing up to the top of the tower and on top of the tower is where the machinery sits typical day includes doing basic maintenance on the winter Ryan and occasionally the day consists of repairing a vaulted or down turbine trying to figure out why it's not running. And how many of these turbines are in North Dakota? Now, are we talking hundreds or thousands, thousands? What about other jobs in wind? I assume there is there any manufact-? Picturing going on in North Dakota. There is there's a lot of manufacturing. I think the in North Dakota the main manufacturing facility with the a blade manufacturer. It's hell am wind power. It's a company that makes the composite blades that people are familiar with tell us about the program that you started at lake region state college. The Lakers and say college win program exists to train students to be operation and maintenance technicians at the large industrial utility scale insects. How long is the program? Well, it's a one year certificate or two year degree program, then most of the students so far, last few years have been opting for the certificate just because of it's such a hot job market. And how hot is the job market are graduates able to get jobs pretty quickly. Yeah. You know, every student who really seeks job gets the job companies come to visit us and recruit students while they're in class. They usually show up, you know, midway through the year roughly about the transition between the semesters and they make the best case why the students should go to work for their company and several companies come by. They're all looking for train students as a parent who recently just sent a, a son through college. That sounds like a dream scenario, how much do these jobs, pay well, for our students, where seeing pay anywhere between twenty five and thirty five dollars an hour and that's not bad. You know, if you think, you know, one year of school, two semesters you know, approximately ten thousand dollars in cost that is just an an incredible bargain. And a lot of your listeners. I'm sure are familiar with the, you know, the cost of higher education, it, it can be rough. Yeah. And to and to spend one year in get a job that basically pays between fifty and seventy thousand dollars a year. That's pretty attractive. I would assume to, to fight in your community very attractive. And you know, I always tell. Student. So it's more than just that straight up wage, these are utility type jobs, and, you know, utility jobs come with good benefits, solid companies. You know, they're looking for people that are safe competent, dependable people, and they're generally nice places to work. Let's talk about the balance of power in North Dakota. How much has wind energy grown in the past ten years in what's the trajectory for coal? I think about ten years ago, we were probably a little over a thousand negawatts, our a little over three thousand the trajectory for call that is outside of my area study. But I read just like everybody else reads, and we see that the pressure is on coal fired plants. Interesting. The pressure is primarily coming from natural gas turbines right now anyway. That's where most of the pressure to change over is coming from. We know North Dakota is a big oil producer how to fossil fuels and renewable energy coexist in north. Dakota one way to look at it. You know, oil is primarily for transportation and renewable energy wind in particular is for making the electricity that runs our homes and businesses. So if you wanna look at it that way, you know, oil and renewable energy, they're not really competitors. An interesting Hoyle companies drilling companies, and the, like are using renewable energy to provide the electricity to power, their Rix. It's a common thing to see these companies invest in wind. Wait, can we just stop there, a second drilling companies are using renewable energy to power? Their rigs is that true? It is. True. And how long has that been going on? Well, I suggest it's primarily the result of economics renewable and wind in particular is a an incredibly inexpensive way to make electrons. And like all businesses, you know people are looking for the lowest cost. Input how our attitudes toward climate change in North Dakota. And are they evolving as renewable energy growth? I like to take the optimistic you, I think people are in the upper midwest here, North Dakota Minnesota. You know, we're pretty educated folk and I think, regardless of political opinions were all able to read, and interpret the news and discussion of scientific matters Americans understand what's going on. And I think they're seeing that climate change is something that we need to pay attention to that. It's very important. Big picture with wind energy and the balance of energy and the job growth in North Dakota. What's your biggest message for people when they think about wind power wind energy means jobs, and these are really good jobs? They are interesting. The technology is fascinating. It's jobs for people that want to stay live and work in the upper midwest. And they just can't be beat. Is it true that you used to be a newspaper reporter, and how did you end up in wind energy, that's climbing into the way back machine? Yeah, I was a reporter and there was a wind site that was being built back in North Dakota near where my wife and I grew up and one thing led to another and it was a dollars and sense thing. Jay Johnson director of the wind energy technician program at lake region state college. Thanks for your perspective today. Oh, you're most welcome. Thank you for speaking with me.
Whats the Fed thinking?
"Hey it's jed kim post a million bazillion million brazilian is a podcast for kids in their families. That helps dollars make more sense in each episode. We tackle the tricky questions that your kids have about money. Like how is it made. Is our factory somewhere that makes it. Or what determines the price of pizza and we're back with all new episodes. That's more answers to the questions. Your kids wanna know thoughtful ones. The silly ones and the really hard. To answer one's million zillion listen. Wherever you get your podcasts. Molly would host of marketplace tech a show that helps you understand the digital economy. How a more of the country get access to better internet. What new jobs will artificial intelligence create or destroy and what tools will help us. Survive are already changing climate. We tell the stories behind the technology in our lives and every weekday. Our podcast brings you insight. You won't hear on the radio checkout marketplace tech wherever you get your podcasts. What is the fed thinking for marketplace. I'm revenge sure. In for david brancaccio. Investors are always trying to read the tea leaves and figure out what the federal reserve will do next as it manages the us economy. They'll get another chance tomorrow afternoon when the fed releases the minutes from its june meeting marketplace's nancy marshall genzer joins me now live with a preview. Morning nancy good morning cyber so for starters. Can you just explain what the minutes are yet. There's summary of the fed meeting and this is actually meeting of the federal open market committee. That's the panel that actually makes interest rate decisions fed chair. Jerome powell is on the committee. As are the presidents of the various fed regional banks spread across the country and the minutes are not of rebate. Begum transcript but they do tell us what the fomc members talked about in. What economic developments. They're watching so their notes when meeting. Why are the ones coming up tomorrow. Getting so much attention. There was a big shift in some of the economic forecast. The fed issued after. It's june meeting it. Signal to possible interest rate hikes in twenty twenty three and some of the regional fed bank presidents have said the fed could start removing some of its extra pandemic support for the economy this year. But chair powell says things will be more gradual. So what uh specifically will investors be looking for when these maps released at one of the things. The fed did to prop up the economy during the pandemic was buy bonds. And that's designed to keep markets running smoothly so traders will be looking for clues on when the fed will start tapering off those bond purchases. Also they wanna see what things. The fed is monitoring to figure out if the inflation we're seeing is temporary and investors are trying to get a sense for how much of a recovery in employment. The fed needs to see before it can say. We've made substantial progress. Marketplace's nancy marshall genzer. Thank you so much. You're welcome the government of hong kong is trying to crack down on dachshund that is when someone's identity or personal information is maliciously posted online and can make them a target of harassment in the physical world tech firms including alphabet facebook and twitter or the groups that represent them argue that the law is so broad. It risks smothering free expression in a letter. This week singapore-based asia internet coalition said tech companies may have to pull out of hong kong. Here's the bbc's. Kate silver in singapore. According to this letter it says that basically it's a completely disproportionate. An unnecessary response law. That would potentially make some of the employees. These big tech companies liable for what is known as boxing. And we've reached out to all of these big tech giant's today. None of whom have been willing to confirm exactly what their position is. That was case over with our editorial bbc this marketplace podcast is supported by bambi. Business owners know that. Hr issues can be a real headache and expensive. An hr manager costs an average of seventy thousand dollars a year. Bambi spelled b. a. m. b. e. was created specifically for small business. You can get a dedicated. Hr manager craft hr policy and maintain compliance all for just ninety nine dollars a month month the month. No hidden fees cancel. Anytime from on boarding determinations they customize your policies to fit your business all for just ninety nine dollars a month go to bambi dot com slash morning to schedule your free. Hr audit that's bambi dot com slash morning. Marketplace's podcast for kids is out with a new season. Million brazilian helps kids understand money. It's host is jed kim and we have the pleasure of his company this morning to tell us about the latest episode which is all about where banks came from age. Ed hey survery. So you're trying to introduce the idea in history of banks to kids in this episode. But i guess you also found out along the way banks have not always been like. We know them to be here today. I mean banks feel lake retail spaces. Where most of the time you just go into use the atm. But the they've really have evolved a lot over their history. They were lending institutions. Where people could go to borrow money to do things like finance expeditions. And they've continued to add more functions as technology and people's needs have changed. I mean when i was a kid i still have going to the bank's drive through with my mom because sometimes suckers would arrive in those new medic tubes. Nowadays my bank ninety nine percent of the time is just my smartphone. So how does an institution that really wants to make money from lending us money. How did it become a place where we just throw our savings. That was really interesting to learn for our episode. We spoke with bill mauer. He's a cultural anthropologist. At university of california irvine and he researches how we use money he says that banks would collect collateral to secure their loans and in those cases the collateral would be something. You'd be the boat itself or be a portion of the cargo or something like that so banks ended up being these storehouses sayings and a wells because when people couldn't pay the bank would you know get the property or whatever and then banks had to protect their newly gotten property so they made their banks really secure in that made them more appealing as places where people could store their stuff at. That's how the practice of being savings began. How do you explain how banks work their history. How do you do that for kid. What we really wanted to get the concept across of banks evolving so we decided to make it into like a video game concept because the way that banks have changed it almost feels like how a video game character will level up and get new skills and abilities. These as there are a lot of mixed feelings about banks The impact they've had on people. How do you address that. Yeah i mean they are a great tool that can help people build wealth but they haven't worked that well for everyone and there's a reason. A lot of americans are on banked instead of blaming them for making unwise financial decisions. We wanted to explain. Why may be leery of banks. And using banks. Jed kim host of million brazilian. Thanks so much. And i can't wait to listen. Thanks for he was a pleasure. I'm revenge shore with the marketplace morning report from apm american public media.
#1152 - Q&A: Tell us more about the spreadsheet guy why did it work?
"Here's a new podcast. I'm excited to share with you. Produced by the team behind revisionist history go and see is a six part series focused on Lexus and the philosophy of gingy jimbohannonshow which means go and see for yourself an idea that stems from the belief that if you experience something yourself you have a better understanding of people and how to create something for them in this series. Lexus invites glad well to Japan to discover their unconventional thinking firsthand. Follow dwell on his journey starting march fifth wherever you like to listen and visit. Lexus DOT com slash curiosity for more stories like these really a decade ago. I published a book called the one hundred dollars startup and two of the stories. I told him that book kind of gone on to have a life of their own. I think in part because they came from parts of the world that aren't often featured in business profiles. Now one of these stories was from. Rhett my two driver in Cambodia. When I went to Cambodia many many years ago this guy drove me around in his little to cart. I listed reds phone number in the back of the book. I told you his story and I said hey next time. You're in Cambodia. And you need a ride whenever phenomenon give him a call and since then literally dozens of people have emailed me or posted photos of meeting the driver which I always think. It's really cool right. Because it's like worlds collide still going strong driving people round pen and making much better income than the other two drivers which is why I wrote about in the first place but the other story in this vein is a little different. This one was about a guy named Purna do guerrilla guy from India who branded himself as B F F for Excel so best friend forever for Microsoft Excel Spreadsheets. Essentially he was helping people with spreadsheets and making a lot of money from it now. Today's caller is wondering about Purna. What was so compelling about his business idea? Why was it so interesting or maybe it actually wasn't that interesting but why was it so profitable? We're GONNA talk about that in this episode. Hiring is challenging. But there's one place you can go. We're hiring is simple fast and smart. That place is Ziprecruiter ziprecruiter singer job to over one hundred of the. Web's leading job sites. But they don't stop there with their powerful matching technology ziprecruiter scans thousands of resumes to find people with the right experience and invite them to apply. Ziprecruiter is so effective that four out of five employers who post get a quality candidate within the first day and right now to try ziprecruiter for free. Our listeners can go to ziprecruiter dot com slash. Side-hustle that's ziprecruiter dot com slash side-hustle Ziprecruiter the smartest way to hire. Hi Chris. This is George from West Tennessee. I've been listening to the show for about a couple of years. Could you tell us more about the spreadsheet guy? Why did it work? I've heard you tell the story about the guy in India who makes six figures showing people how to use spreadsheets. Can you explain more about why? This is so compelling. I don't think it's what most people including myself but think about when trying to decide on a business idea thanks again and keep up the good work Joe. What's up? Thank you so much for asking this question. Actually think about this story every now and then because it's one of those things that just kind of keeps coming back and if I think back to more than a decade now when I was first working on this book and doing some research I came across the story almost dismissed it right away because I'm like you know. Hey I'm trying to write a mainstream book about unusual businesses. Somebody who says? I'm really into spreadsheets. You know not to stereotype here. It's kind of a definition of boring. So my apologies out there who's fascinated by spreadsheets. But that was my impression at least and the more I heard about it the more I realized I was wrong whether spreadsheets. You're boring or not. His business model was compelling. It's extremely compelling because this was a guy who I think. When I first found him he was making seventy thousand dollars a year in a country where that wasn't extremely high salary. A lot of US income was coming through. Passively eventually crossed indeed six figures so this guy in India is making six figures with a lot of passive income helping people through these templates he made for Microsoft Excel so why was it so compelling well. Pernis side-hustle was helping people use excel more effectively. And if you think about it there are a lot of office workers and professionals of all kinds who use this software variations spreadsheets or databases accelerate CETERA. Some of them for several hours a day and he was able to make their lives easier and more productive. Which of course has a tremendous amount of value like. Just imagine if you have a pretty stressful day you've got all these responsibilities to complete and somebody comes along and can essentially give you an extra hour of your day and not just giving you an extra hour. But they're they're replacing something tedious with a more efficient process. So it's not just going to save you time. It's probably going to save you just mental space and energy. Maybe you can use that for something creative you can just catch up and breathe a little bit so that's so valuable right and whatever is commonly used in complex which is you know spreadsheets a lot of people using them every day. You know you can do some really simple stuff without a lot of training but there are some advanced formula. There's all kinds of stuff that can be done a complex field. Whenever that's the case there's value in becoming more proficient with it or just in having some shortcuts and that's what this guy was able to capture in India so many years ago appears to be doing wealth it to this day so like I wrote that book a decade ago take it from par if spreadsheets can be made sexy truly any business can find a way to communicate a similar message and just as a side note. It's not only spreadsheets right. That's one example. Could Be Photoshop or some other design program some complicated architectural software or database or similar. Here's a statistic. I found recently that I've just been kind of thinking about there are now at least two thousand full-time independent contractors who teach people how to use salesforce software so two thousand full-time people out there. Making a living showing people how to use the software. Okay which at a basic level. It's not that complicated. But there's a lot you can do with it. So the point is this business. Model is compelling because of the difference. It makes in people's lives. Think about that as you're developing your ideas considering different possibilities. What difference are you making? People's lives ultimately value comes from so. Thanks again George. With a question and listeners if you have one just come to school dot com slash questions. We featuring them throughout the year long updates from other listeners. This has been episode. Eleven fifty two. I'll be back tomorrow with a throwback Thursday segment. You know what I miss it. Thanks so much for listening my name. Is Chris Gilo? This is side Hustle School from the onward project.
The O'Reilly Update, May 4, 2021
"Bill o'reilly here. Tuesday may fourth two thousand and twenty one. You are listening to the o'reilly update. Here's what's happening across. our nation. President biden admits more foreign refugees. Were giuliani says. The is out to frame him. The mayor of dc bands dancing at weddings. Twenty five percent of adults say they will never get the covid anxiety now. Keeping four in ten americans awake each night also ahead climate change boy. Is it expense. But i the by the administration quadrupling. The number of refugees allowed into the usa. The cap will be raised from fifteen thousand under president trump to sixty two thousand twenty. Two thousand slots will be allocated to people from africa. Thirteen thousand from the middle east six thousand from east asia. Just five thousand from central america. But as you know. Hundreds of thousands of migrants have passed into the usa in the first one hundred days of the biden administration. they are here illegally. The stats that. I mentioned our legal refugees. Former new york city mayor rudy giuliani accusing department of justice framingham after the f. b. i. Rated giuliani telling fox news quote the only lawyers they raider lawyers for donald trump unquote. The doj insists searches part of an ongoing probe into giuliani's alleged relationship with foreign agents washington mayor. Muriel bowser allowing weddings to go forward. However you can't dance. Not even the twist bowser saying it's too dangerous to dance weddings in the age of covert paul from npr. Says one in four americans will never take the vaccine young republican men. The biggest deniers with forty two percent saying no way. They're going to take the medication. Medical experts estimate between seventy and eighty five percent of folks need to be immune from covid before the disease disappears from one poll says americans are increasingly anxious about the next twenty four hours so called next day. Anxiety causing forty-one percent of us to stay awake all night sixty one percent say. They've lost some hours of sleep. Do distress respondents blamed covid finance problems and the hateful political climate millions of americans. Enjoy a good cigar. It's a nice way to spend a weekend afternoon for many as why you've got to check out thompson cigar with more than a century in the business. These guys really know their stuff. My pals on the golf course are raving about how great their products are. They've got the best prices on the biggest brands in the business. From maccanico to money christo thompson cigar company continues to be the number one choice for premium cigars in america because they deliver the very best customer experience. So take a break from all the craziness. With a cigar from thomson cigar company thomson offering our listeners. Fifteen percents off over seventy five dollars or twenty percent off over ninety nine dollars. Take advantage of these incredible savings. Go to thompson cigar one word thompson cigar dot com. Use promo code bill when you're ready to check out. That website is t. h. m. p. s. o. n. cigar dot com and use promo code bill o'reilly update message of the day. A big government spending to reverse climate change as you know. President biden is a big green guy. Now calling him. The jolly green giant would be immature. So i am not going to do that. But the total cost of mr biden's green new deal and green infrastructure programs could be as much as four trillion dollars in. That's taxpayer money. As a lot of corn the reference to the jolly green either. Not so where. All that money go well. Main goals include clean energy programs construction of solar farms and wind turbines elimination of fossil fuels expansion of electric vehicles creating charging stations everywhere and making the entire economy carbon neutral by the year. Two thousand fifty also there will be new spending on the environmental protection agency. Epa eleven billion for those people boy. They'll all get raises. I guess new spending on the national science foundation ten billion. I don't even know what that is but again everybody's gonna be living large there. The of the environmental and economist justice initiative again don't know what that is but it sounds very woke how 'bout clean energy task force at the department of energy. Two billion taxpayer dollars for that clean transportation. Six hundred and twenty one billion now. That is high speed rail emanating out of new york city and in california. They tried that in the golden state as at work. But they're gonna try it again. Six hundred twenty one billion dollars clean housing construction zamin more mop cya. My house is claimed two hundred thirteen billion for clean housing construction green jobs. Seven hundred billion or green jobs research and development hundred eighty billion water infrastructure. A hundred and eleven billion digital infrastructure. A hundred billion. I don't know what that is. I don't know any of this stuff but it's my money. They're taking now. The world is getting warmer. That is a fact but burning tax dollars is not going to help that with trillions in earmarks that means pet projects that are being funded by the federal government. You know the fraudsters will be very available in the coming years. The con artists love the color green. Do they not now. No other country on this earth will spend close to four trillion dollars on climate change. China is actually building more coal plants so while american taxpayers pick up the enormous tab. The rest of the world does what it wants to do. The usa should lead the fight against pollution. We should do that. We have the best technology. The smartest people except in government will there will be massive waste. I'm bill o'reilly and i approve the message by writing it for more honest news analysis. Please go to bill o'riley dot com and please check out my new book killing the mom in a moment something you might not know when running a business. Hr issues can kill you. Wrongful termination suits wage requirements labor regulations and hr manager salaries aren't cheap. They averaged seventy thousand dollars a year. Bambi b. a. m. b. e. was created specifically for small business for just ninety nine dollars a month. You get a dedicated. Hr manager craft hr policy and maintain your compliance with bambi. You'll change hr from your biggest liability to a great strength. Your dedicated hr manager is available by phone. Email or real time. Chat from on boarding determinations they customize your policies fit your business. So get bambi today. Ninety nine dollars a month no hidden fees and you can cancel anytime. It's a dale. Let bambi help and never worry about. Hr compliance again. Please visit bambi dot com slash bill right now to schedule your free h. r. audit. That's bambi dot com slash bills spelled b. a. m. b. e. dot com slash bill. Now the o'reilly update brings you something. You might not know. Today my tenth killing book comes out. It is called killing them off the fight against organized crime in america. I had a blast. Writing this book with martin dugard together do gordon. I have sold almost eighteen million copies of the killing series. That is the most successful book series of all time. In fact there is a nother killing book number eleven coming later on this year but killing the mob is going to well keep you up night it will and now i'm going to make you an offer you can't refuse. You have to buy this book because in it you will find out how the mafia helped general patton in world war two. I didn't know this. And i wrote a book killing pat but we discovered it. There is a direct link between organized crime. The mafia gangsters and george pat. Where do you see this. Why j. edgar hoover the fbi. Chief refused to investigate organized crime. He wouldn't even it existed. Why sam giancana. the chicago. Godfather wanted to kill assassinate lucille. Ball's husband desi arnez. This is an amazing story that we uncovered. I never heard this. Where and finally how giancana a vicious guy helped john f. kennedy become president. All of this stuff is in killing the mob and we will tell you exactly what happened to teamster leader. Jimmy hoffa minute by minute final thing and killing the mob which is out. Today as i mentioned there are no heroes in this except bobby kennedy. He's the guy that really took down the mob or at least diminished their power. All the mobsters themselves evil back in a moment. Are you looking for your next investment. Bill o'reilly here. There are seven reasons to look at the end. Ria state development fund monthly cash flow payouts ten percent annualized bonuses to twenty one percent targeted. They strategically locate in lower risk high demand areas. People want to move to new. Construction is short on supply. Real estate affords diversification and safety from stock market risk. Their short and long term strategy provides for steady returns right now and our i. A is an industry leader with a fifteen year. Proven track record. So if you've been sitting on the sidelines or wanna. Diversify start your due diligence at n r i dot net or you can call eight hundred eight hundred fourteen fourteen. That's easy eight hundred eight hundred fourteen. Fourteen and offer securities is only by the nra private placement memorandum. Read it first. Passed does not guarantee future results. Nra as a real estate development firm lord in iraq doesn't thank you for listening to the riley update. I am bill o'reilly. No spin just facts and always looking out for you.
The O'Reilly Update, May 11, 2021
"Bill o'reilly here. Tuesday may eleventh two thousand and twenty one. You are listening to the o. Reilly update here's what's happening across nation gas prices jump after hackers hit pipeline. Mitch mcconnell makes an offer on infrastructure. Dr fauci says mask wearing could become seasonal. The fda approves the covid medication for young teens the scariest virus vaccination site can now be found in transylvania also ahead finally a breakdown of who voted for whom last november. But i the national average for gas prices up six cents to nearly three bucks a gallon duda friday cyber attack against a major pipeline serving the east coast. The pipe transports more than one hundred million gallons of fuel a day. Shut down. After hackers infiltrated the control system shortages could occur in some places until this coming weekend. Prices will continue to rise because President biden's attack on the gasoline industry senate minority leader. Mitch mcconnell saying republicans quit support and eight hundred billion dollar infrastructure package far less than the two trillion proposed by joe biden the. Gop is pushing the scale down bill to focus on quote traditional projects like road repairs bridges fixing the nation's airports not green new deal stuff. White has cove advisor anthony. Fauci suggesting many americans will continue to cover their faces long after the pandemic receives. The doctor credits masks with slowing the flu. As well as cove it. There were less than two thousand cases of influenza last year. Compared to thirty eight million infections during the winter of two thousand nineteen. That's an amazing stat. The food and drug administration now approving tax for twelve to sixteen year olds that will accelerate the nation's efforts to drive down infections a significant source of new kobe cases taking place in high schools residents in romania canal. Received the vaca dracula's house brand castle the inspiration behind bram stoker's dracula now giving injections outside the fourteenth century. Hilltop fortress but don't go at night and take across with you in a moment a breakdown of the votes for president last november right back. Did you know that one. Out of three americans suffer from nausea relate. You've gotta check out relief band relief and is the number one. Fda cleared anti nausea wrist band. One hundred per cent drug free it's clinically proven to quickly relieve and prevent nausea motion sixers and anxiety with zero side effects. Amy a lifelong motion sickness suffer and volunteer. Firefighter says that relief band is the reason. She no longer worries about getting sick when riding in the back of the fire truck. Even if you don't get nauseous often. I would try relief band for the anxiety benefits alone. Don't let fear of nausea. Keep you on the sidelines. Right now. Relief ban is an exclusive offer just for a riley listeners. If you go to relief band one word relief band dot com and use promo code bill. You'll receive twenty percent off plus free shipping and a thirty day money back guarantee. That's our e. l. i. e. f. b. a. n. d. dot com promo code bill. Twenty percent off free shipping time via riley update message of the day. I have been waiting for a breakdown of the voting last november for president and here it is the stats are from the analytics firm. Catalyst more than one hundred and fifty nine million. Americans voted the largest turnout in history. The number of nonwhite latinos and asians skyrocketed thirty one percent compared to four years ago. Black turnout rose by fourteen percent. Mr biden one nearly two hundred thousand more black votes in georgia. Then hillary clinton did in two thousand sixteen that turn the peach state blew. Mr biden scored twenty eight thousand more black votes in arizona. Compared to hillary clinton and arizona was taken by biden by just ten thousand votes. So do the math again. African american votes meaning the difference. Joe biden took forty four percent of the total votes here among white voters. A three point increase over clinton's performance in two thousand sixteen but donald trump got the majority of white votes among college educated white men biden one fifty percent five points better than hillary biden. One sixty percent of the vote ages eighteen twenty nine fifty six percent ages. Thirty to forty five. So even though president trump received seventy four million votes a record four and combine president younger voters and people of color put joe biden into the white house so the dem strategy worked divide the electorate along color lines gender lawns. Most women voted for biden and youth against the old folks. And that's what we're seeing. Today as president biden is endorsing equity as you know that means the federal government will favor quote marginalized groups. Well all of those groups with the exception of some gay groups are people of color so the democrats are pitting federal resources taxpayer-funded on people of color against white people who will not receive the amount of entitlements that marginalized groups. Do this is divide and conquer. And then we have the borders now. Mr did improve his status. Among latino voters and among black voters by a few percentage points but because more of them voted. Mr biden. As i said one georgia arizona with constan pennsylvania and that was enough now. The democratic party is basically saying to the country we want hundreds of thousands of foreign nationals to come to the united states because we believe eventually most of them will vote democrat. And that's what we are. Seeing on the southern border so summing-up we are living in a divided country because one party believes it can keep power through that division. I'm bill o'reilly and i approve the message by writing it. For more honest news analysis please visit dot com. And also please check out my new book killing a mob already a big bestseller. Thank you in a moment. Something you might not know when running a business h. r. issues can kill you wrongful termination suits wage requirements labor regulations and hr manager salaries aren't cheap. They averaged seventy thousand dollars a year. Bambi b. a. m. b. e. was created specifically for small business for just ninety nine dollars a month. You get a dedicated. Hr manager craft hr policy and maintain your compliance with bambi. You'll change hr from your biggest liability to a great strength. Your dedicated hr manager is available by phone. Email or real time. Chat from on boarding determinations they customize your policies to fit your business so get bambi today ninety nine dollars a month no hidden fees and you can cancel anytime. It's a good deal. Let bambi help and never worry about. Hr compliance again. Please visit bambi dot com slash bill right now to schedule your free h. r. on it. That's bambi dot com slash bills spelled b. a. m. b. e. dot com slash bill. Now the o'reilly update brings you something. You might not know. Each year immigration routinely ranks at the top of the list of important issues for american voters. Officials say up to twenty million. People are currently living in the usa illegally. Twenty million but what about legal immigration. Well here's the picture. The department of homeland security publishes a list of quote lawful permanent residence. That figure includes people in this country with work visas permits and refugee status things like that. Every quarter about one hundred and fifty thousand. Non citizens are allowed to permanently relocate to the usa a total six hundred thousand on an annual basis and that number will go up under biden towards the end of two thousand and twenty the top six countries of origin for immigrants to the usa were india mexico. China the dominican republic the philippines and brazil. The biggest class admitted to the usa comprise of workers that was followed by family members of us citizens finally refugees not too many of them in total experts. Believe forty five million. Immigrants are now living in the usa about twelve percent of the population. So there are the stats. You've heard the cliche. We're all immigrants and it's true my ancestors on my mother's side arrived three ships after the mayflower. Can you believe that they were irish. But they went to england. Got on a ship came here. One of my ancestors founded charlestown massachusetts. His name is on the charter. On my father's side the famine county cavan heart and two twin sixteen year. Old boys were forced to go on a coffin ship so named because they threw bodies into the ocean of people who died there were forced to go without their mom to brooklyn new york. Sixteen years old. They arrived no family but they were taken in by other irish immigrants and from there my family stayed primarily in brooklyn and now i am. The only member of the riley clan ever to break out of the middle class. Now this are you looking for your next investment. Bill o'reilly here. There are seven reasons to look at the nra. Eight real estate development fund monthly cash flow payouts of ten percent annualized bonuses to twenty one percent target. They strategically locate in lower risk high demand areas. People want to move to new. Construction is short on supply. Real estate affords diversification and safety from stock market risk. Their short and long term strategy provides for steady returns right now and our i a. is an industry leader with a fifteen year proven track record. So if you've been sitting on the sidelines or want to diversify start your due diligence at n. r. i a. dot net or. You can call eight hundred eight hundred fourteen fourteen. That's easy eight hundred eight hundred fourteen. Fourteen and offer securities is only made by the nra private placement memorandum. Read it first. Past performance does not guarantee future results. nra's realty development firm learn more at nra. Doesn't it thank you for listening to the o'reilly update. I am bill. O'reilly no spin just facts and always looking out for you.