20 Episode results for "Shell Oil Company"

Former Shell Oil President John Hofmeister Weighs In On Rollback Of Emissions Rules

Environment: NPR

05:12 min | 2 years ago

Former Shell Oil President John Hofmeister Weighs In On Rollback Of Emissions Rules

"Support for this n._p._r. Podcast and the following message come from the u._p._s. Store offering services from shredding to printing to mail boxing and instead of closing this labor labor day weekend august thirtieth and thirty first the u._p._s. store is doing another ing altogether opening the ups store every aiming for small business and and of course shipping individual store hours may vary by location okay now. We're going to hear from a former oil industry executive who is skeptical of the rollback. John hofmeister was president of shell oil company and he's now the founder and c._e._o. Of citizens for affordable energy welcome thank you so so your former company shell along with b._p. America an exxon they all want to continue to see the federal government regulate methane emissions can explain to me why oil companies like them would want more regulation. Were there are two reasons. The first reason is why waste. I met thing why allow fugitive methane to go into the atmosphere when you can capture it and sell it as natural gas. Methane is money any man thing this money. It's it's an so you capture and you take the market what you have produced the idea of having a completely early closed production system to capture the methane to take it to the marketplace that just makes perfect business. That's number. One number. Two is in the future. The ability to operate in the fossil fuel industry is going to demand an environmental performance where the public believes that you are protecting the land the water and the air so regulations that protect the water the land and the air which enable the industry that continued to do what it does are essential for the industry to be successful down the road. That's changed in the last twenty years and so it's necessary society for the industry to recognize that this is the way it's going to be and it is the way it should be. This is the reality you might as well resign yourself herself to it exactly now i gather the producers who do want these. Regulations removed are the smaller producers right why i would say more than the larger companies want these regulations to go away well. There are thousands of independent operators who produce the oil and gas in the u._s. and they operate with much lower volumes of oil and gas. They might have one or two drilling rigs. They might have a half a dozen employees so these are folks that watch where every nickel and dime is spent and for them and their operating model it becomes more expensive than they would like to pay for to have these regulations because they would rather just emit a certain certain amount of fugitive methane give it up in the marketplace but not have to pay the cost of engineering and putting in place a completely closed production system system which captures the methane and so it's really a cost factor. It's like not everybody could be a mcdonald's franchise owner because a certain cost associated associated but somebody could have a hot dog stand at the end of the street and operate with a much lower cost basis so that's the kind of principle. We're talking about here but long term as a strategy letting their operating model governed what's happening with methane emissions is not a good strategy is where you're coming from. It's not good for the public and the environment and it's not good for the industry because it is really going on the cheap and there is enough money in the industry to not have to go on the cheap consumers pay up good healthy costs for the oil and gas that they consume and that money has to pay for all the bills of the producing companies and like any other industry if people can't afford to be in the industry they need to go do something else and so i'm not afraid of the costs subduing business under the regulatory environment that we currently have had and and so while i'm in favor of regulatory rollback in areas where it's really necessary. This isn't necessary in my view so supporters of the rollback say that the industry can just regulate itself. Why why is that not enough. I don't think it's enough for the industry to regulate itself because what you need to come to as an even playing field and an even level of operations and the public has a right to expect whether it's better or whether it's state whether it's local a certain uniformity by which the industry operates and what the regulations do is they require uniformity because the industry knows what compliance is all about and the industry is basically a compliant industry. Sorry you tell them what to do. They're going to do it. John hofmeister was president. Shell oil company. He's now the ceo of citizens for affordable energy. Thank you very much for joining us today. Thank you.

shell oil company John hofmeister founder president ceo executive America mcdonald twenty years
Episode 32: The John Hofmeister Interview

#hottakeoftheday

53:39 min | 1 year ago

Episode 32: The John Hofmeister Interview

"All right. Welcome to a special hot takeover. You're not commute where I expect that you're probably stuck in a house Somewhere you probably walk to your to your family office and And now you're working and so we have this This zoom first zoom video that we've done and have John Hofmeister joining us. I'm very excited. I here's a fascinating background. And with everything going on in the oil market in the world market it's going to be a great discussion so John. Welcome to the show. Thank you David. Lovely to be here so For for those. Who Don't know you I. I did some research on you beforehand. And there's a lot plus. I love the your socio with a lot of universities. I feel like if I just show up at any town. You're going to be like teaching a class. So why don't you tell the listeners? A little bit about yourself and your background Before we tee off course ation well. I've had a career at a number of manufacturing companies starting with Ge. I also worked at Alliedsignal Aerospace Business and also northern telecom and telecommunications business and then I finished my career at Royal Dutch Shell and I was originally signed to a position in The Hague a global edition and after oh about eight years of that. I was Made the President of Shell Oil Company. That put me in charge of all the US operations of Shell ranging from the upstream oil drilling and exploration business. The chemicals business the downstream oil and gas business. So all the shell stations all the Jiffy Lube stores It it was all part and parcel of what I looked after every day. I didn't realize this shell owned Jiffy Lube. Do they still own Jiffy? Yes it was. An acquisition made all probably fifteen years ago. It's been a very very good acquisition and Jiffy Lube of courses. The Nation's leading quick change quick oil change a franchise operation and they do very well and they particularly emphasize other pennzoil which was part of Jiffy Lube when we bought it and also So we jello pennzoil shallows shells own You know proprietary oil products as well lubricants and lubricants are very big part of the oil and gas business. So for all of that I retired from. Shell in two thousand and eight and then I started a career as a writer a speaker of board member and professor. And I'm still doing all four. Which which do you enjoy the most? Oh it's it's hard to tell just enjoy the variety. The board being on board keeps my toes into water so to speak from a business standpoint while I'm not running a company any longer I'm involved. In the strategic decision making that affects a several companies and the teaching is fantastic because uh teaching upper class and graduate students and talk about you know a stimulating environment And and to deal with energy and the future of the environment with the next generation of leaders is just fantastic. Enjoy seeing if there is a state at Kansas State and also University of Houston not all at the same time of course but I- alternate semesters and since I live in Houston I do teach every semester at University of Houston I was GonNa say with with the new with the new world of Zoom and and Aw Online and offline. It's going to be interesting to see how universities evolving adapt to more online content for maybe students who aren't participating or don't want to necessarily move to the campus. I remember when I did my. Mba was an executive MBA and it was one of the first videoconference technologies that had been pioneered at Queens University in Canada they partnered with Cornell and so we did all our classes this way and what was interesting was there was devices to be able to ring in and ask questions or share screens and everything was submitted on line and so really was very much a classroom experience with seven people in the same conference room. We all worked together. We were all on camera and that was that was how we did it. And that was in two thousand six. Yeah well that's the technology has continued to improve as the years have gone by. I'm currently teaching about fifty students a semester. On Bio Zoom. We started the semester in the classroom. And with the Arenavirus we moved online around March twenty third and so far so good I do miss the personal inter play with individuals the ability to really look a person in the eye to see their head nod see their their eyes brighten up when something registers with them and so I I do miss that dynamic but it's channel it does work But I'm I'm looking forward to getting back in the classroom soon as we can so so. There's a couple topics I really wanted to talk to you about today. Obviously it's really hard to have a conversation that doesn't include a conversation around the kernel virus and the impact and when that comes so if you have any opinions on that we'll come back to that but I wanted to start with executive compensation and your role on boards. And you know I'm not going to ask you to take a controversial position but certainly in the energy industry the ES g movement has been interesting. Be Very curious about your thoughts but but as you think about where energies been an executive compensation and some of the choices you have as a board member. I'm how how do you think through it? And and if you happen to see the whiting announcement earlier this week in WanNa make any comments be my guest. Well I I think the executives who see their roles in a major company which is a publicly held company in particular enriching themselves at the expense of others. I abhor that and as a board member I would never support a move by the management of a company to take care of themselves. First and shareholders second or employees even worse third. I think it's abhorrent behavior. I think that they risked ruining their reputation over it and I have zero. Interest in seeing a seeing people take advantage of situations to just take care of themselves I spent my executive career working in a company that is registered in the UK with a very strong Dutch culture and so I lived executive remuneration into European setting. I can tell you that when I was the head of human resources of Royal Dutch. Shell A. Global job we targeted the CEO of Royal Dutch. Shell to be paid at approximately ten to fifteen percent of what was being paid to us. Ceo's of equivalent oil company. So if I think that there is an outrageous level of salary currently in place and outrageous level of benefits in place for CEOS in particular who don't deserve what they make to me somebody making forty or forty five million dollars a year when it's not them. That's doing all the work. It's the people in the organization with do the work. I have sympathy for that. I think it's outrageous. I don't think anyone is worth that amount of money including by the way athletes and celebrities. Let's not forget it's not just corporate executives who are making way over the top in terms of executive remuneration rain. It's also individuals. Be They golfers. Be They football players or be. They musicians other kind of artists. I I just think there's a point at which it divides society and I think it polarized those who have and those who have not and there's just it's outrageous. I think other parts of the world don't seem to have a shortage of executive talent or good athletes and they pay a fraction of what we do in this country. Some say well that's that's freedom of capitalism in America. I say well yeah. I think we've exceeded the limits by frankly. Yeah and and it's interesting because when you think about that stand trump board and then I would say that certainly historically one would look. My father in. Law was on a number of boards in Canada us through the CEO of Transcanada pipelines before he passed last year. And and so I hear tons of stories about boards very similar to what you're talking about around compensation and asking some of the tough questions and yet it seems like when you read some of the decisions that boards are proving. How do you end up with a disconnect and and do you think that the corona virus and some of the restructuring that may go on with some of these loans and federal government intervention? Do you think that it's going to change that? On the on the executive compensation side. Or how do you feel that the US will move forward? It's hard to say the. Us Culture is very strong and the ability of people to get rich in the US has always been quite frankly strength of society. Where the entrepreneurs I think the people that break new ground a person like Bill Gates broke new ground Elon Musk at Tesla. Breaking new ground. I and many others Just pick out those two. Because they're always in the news. I think the entrepreneurs are in a different situation then the run of the mill. Ceo Executive of a major company who is inheriting a well run Organization for the most part they add their own value their own leadership which is good. But I don't think it takes forty five or fifty million dollars to an individual to do that because I know from my experience in the whole rest of the world nobody else pays these rates and I think it's it's something that the shareholders themselves Have to put up pressure. On the pay that the board approves the board works for shareholders. The board does not work for the CEO. And that's by the rules. That's how it's supposed to work so bored sometimes get swept up in well. We need to be competitive rain. How do we know we're competitive? Well let's use a third party consultant expert. Tell us how we will be competitive. And it's in the interest of the remuneration Experts to keep ratcheting up pay because that increases their revenue because then they get to sell their information to other boards and advise them of the same. And what you don't WanNa see happening boards losing CEO's because other companies snacks them up with higher packages. So it's it's a very complex issue but I think that to create so many individual but EPA great so much wealth for so many individuals is I think harmful to the way companies are run and The other arguments that used as well of a CEO fails and never get another job. Well maybe he shouldn't have another job that pays an theories and those kinds of benefits and I think the. Us government actually contributed to the excessive pay a corporate executives when they changed some tax rules in the early nineteen nineties. They made it impossible to deduct the cost of the CEO's pay above a million dollars so they couldn't write it off on their taxes. So what companies do they created this Phantom pay mechanism called options stock options and they granted incredible amounts of stock options on a probability that many of them will never pay off and so the executive is not going to ever achieve what they would otherwise have earned and so they use a bigger bigger number in order to satisfy the CEO. You're she's being taken care of. But when the options don't deliver there's no money transferring to the executive so sometimes the pay packages as announced are never delivered because the stock doesn't rise according to what it was expected to do and so the options turn out to be worth zero over the course of my career. I've had multiple years of zero option BAILLIEU Which I never made the kind of money that otherwise would have had the stock value company rates that really does putsch but CEO's in touch with their shareholders and so if their shareholders aren't happy about other companies doing the CEO is not going to get paid for that because you options will will not be above their grant value which means they've heard them nothing well and I think that that's probably you know in in this specific case awaiting. I think that's where there was an unusual amount. I mean obviously we're in a very tough space in oil and gas so we're gonNA talk about that. Most energy companies have seen their stocks under perform the market for the last ten years. Certainly for the last five years and in many cases you know companies lake waiting. Were already on the verge of bankruptcy and then four days before filing ended up going getting the board to approve a very very substantial upfront cash payment for the for the executive team and and I was actually really surprised with just the amount of of anger from folks in industry who you know I if the numbers were more reasonable. Maybe I don't know half a million bucks or three quarters of a million bucks to run a multibillion dollar company. That's going to go through bankruptcy. I think people would have been okay but when it was when it was those numbers and in particular fifty million dollars for five executives to run a company that had fallen in value ninety five percent over the course of their three year duration and driven the company into bankruptcy. It felt it felt like it wasn't a pay for performance culture and so I hope that on the other side of this both in energy and for all companies that there's more of a pay for performance culture and and we'll see how that goes so. Let's let's talk about the Energy Markets. And you know we've seen some interesting news. Come across the line in the last couple of days where you know clearly. The market's oversupplied and trump tweeted yesterday that he had conversations with NBS Putin and said they're gonNA cut ten or fifteen million barrels now. I don't think he added the per day. And so I'm quite concerned at the fifteen million barrels they're talking about is like over thirty days. Five hundred thousand barrels. A day in the markets rallied for the wrong reason. But we're up thirty percent. I'm curious your views on the last month since March seventh. And what we've seen with the collapse of OPEC's PL- OPEC's plus and others. Yes I think. The number one issue that is leading to the really desolate views of the oil and gas industry. Right now we'd call it demand destruction and what that means is people just aren't buying so when you ground eighty percent of the airplanes that fly that's eighty percent less aviation fuel. You're going to use if you have shelter in place for a couple of hundred million Americans who are following the rules not commuting to work or not going on vacation trips or weekend trips then you're you're destroying upwards of fifty percent or more of the demand for gasoline. If you're not putting miles on your car you're not going to go get an oil change. And so there's a whole and then if you're if you're economy is in recession then the petrochemical industry is going to get hit right in the nose. Because you're not gonNA need to make so many chemicals or various and sundry industrial applications because the whole economy has slowed down so it's the the oil and gas industry is being hit from every direction including the natural gas industry that makes electricity with so many people at home. You don't need the heat. And who'll and shopping center the way you normally would. Because the shopping centers close factories are closed. So they're not drawing on the natural gas or the electricity supply that would normally run the factories. So everything's getting everything's being pumped out of the ground. Both oil natural gas at the rate at which it was producing back on March seventh right. So it's all surplus to the demand right now and that's why we call it. Demand Destruction and so the energy company see this tremendous collapse in the Commodity price which is really their their lifeblood. The the price of oil the price of natural gas at the well really determines Their future ability to continue to pump more gas or two for oil or to explore gas or oil. And when you look at the history or the evolution of the industry over time what you see is the industry has about one hundred fifty years of experience. We've been drilling for oil and natural gas going way back to the eighteen sixties seventies eighties. And here we are in the twenty twenty and so it's been a tremendously valuable product and the the the separating poverty from well in nations like the US or all of Europe or most of you know Asia it's been the energy system the availability of electrons and molecules which has separated the wealthy countries of the world from the impoverished countries of the world. And so it's a very valuable product. You cannot have a modern quality of life where we strive because we have electrons available to us for everything including this loom in action Without the the natural gas or the oil or the you know the color of the nuclear energy that we produce and use so I think that the demand that has slumped is probably I hope a short term issue but the overproduction of the industry has been going on for a say about the last two and a half three years and we really have to rationalize who produces how much I think the. Us has been a free market. When George W Bush was President? We were producing just over five million barrels of oil a day. And we're currently producing over twelve so we have more than double the production of oil in the United States. Thanks to the what we call the shale revolution and when you're sitting in Saudi Arabia or sitting in Russia and you're used to be the world leader in the production of oil and you're used to be able to set global pricing for oil based upon. How much you produced or how much you didn't produce. And now you've lost the position to the United States which is a free market. You're not to happy about that. Saudi Arabia is not a free market. Russia's not a free market these are state owned state run companies and. They're running the interest of the government. And what the government wants to provide or not to its people. They're not running the in in order to satisfy shareholders and so it's not really a publicly listed or well it should take the back. Saudi Aramco's now publicly listed impart. Yeah nine ninety nine percents still owned by the Kenyan Saudi Arabia so even even in their perspectives. They said that one of the risks is is we might not act in the best interest of shareholders. We're going to act in the best interest of the kingdom as you'd expect to rip so then why a lot of people outside of Saudi Arabia never invested Saudi Aramco and probably won't for a very long time to come right but think that the reaction of Saudi Arabia and Russia going back to your March seven OPEC plus failure to agree an OPEC plus for your listeners. As the OPEC countries plus friends of those countries like Russia They're Palea to agree was really based in my mind and you might say. I'm being conspiratorial here but I think that we love that on the show. We're all about conspiracy theories in and using data to come up with the truth so but I I wasn't born yesterday and I wasn't born in a cabbage patch and NBA Bahama bin Salman Crown Prince of Saudi Arabia Unpredictable BIC TATER with absolute authority and absolute disconnect from any normal values. That normal people might have because he's lived the princely life is a life never educated never studied never worked outside of Saudi Arabia. He's all about Saudi Arabia. And all about perpetuating the kingdom because that's his monarchy to inherit from his father As an absolute dictator visits Moscow. He visits with Putin they know each other in the same way. Nbs VISITS WITH TRUMP. A president trump. And so he's a world leader and he sees the US overtaking what had always been the lynch pin of Saudi Arabia's wealth in the world and that is oil production. And here's Putin. Who's another dictator? Neither of these two are accountable to the people of their country. They run the show and their accountability is to themselves and what they want to do. And when you're dictator you don't have to listen to anybody. You're a legend in your own mind. And so from my point of view this was a collusion. Between Mohammed bin Salman and Vladimir Putin seeing the demand destruction that it would would occur her. Why should they agree to cut oil production? When by maintaining or in the case of Saudi Arabia increasing production they could crush crush the financial strain of the American industry leadership of the by the companies in the US and caused the US to collapse production so instead of Russia and Saudi Arabia. Taking the bite on lower production of crude oil. Let's in force the US to do it. Based upon their inability to fund more drilling or more exploration and eventually they will shrink from twelve to eleven to ten to nine eight. Put them back in their place where they came from and then we meaning. Nbs Baltimore Putin. Now we'll cut back. We'll cut back when the Americans are hurting badly and then what will happen to the oil price. Guess what it goes up again. It goes up because of the collusion to overproduce at a time of demand destruction which is frankly some would argue an active war it might be economic war but others might say no this is. This is war. Because of the deleterious effect on the United States of America and our national security we are more secure nation. The more oil we produce for ourselves for sure and that's been the case of the last twenty years for all practical purposes. George Bush saw the need for more production. The industry saw the need for more production in the US. That's how the shale technology developed the whole idea behind shale is tapa resource. It's there but it's not been economically produced yet so the new technology of drought fracturing and horizontal drilling came along and we more than doubled the oil production and the nation is more secure as a consequence is not dependent on imports as much as we used to be. And so so the whole effect here. Is that dictatorial? Collusion along with demand. Destruction as led to an untenable situation. And I'm happy to say. The president trump intervened yesterday On the second of April I. I hope that he continues to hold. These people beat to the fire. And what does that mean? Well if I were in the president trump's shoes I would say very clearly to the crown prince of Saudi Arabia. You know you live in a dangerous neighborhood. The risk to Your Kingdom is mitigated by the presence of the United States military in your backyard. Your own defense capability is enhanced by the sale of American arms at American training to your military guess what Mr Mohammed bin Salman You keep up this destruction of the domestic. Us oil and gas industry. And I'll make sure that you are on your own for your own protection in that nasty neighborhood in which you live because the US military is not there to prop you up so that you can do damage to the US oil and gas industry. So cut it out or I will cut something else out that you and your kingdom like very much and I'd like to see how your brothers treat you when the military protection to keep you safe suddenly unavailable to you. You'd think you'll remain crowned prince for very long. I doubt it. It's so do you think that that that at the end of the day that the conversation that trump had yesterday with NBS assuming it happened has he gone. Has He gone that far? Because I think what you're saying I don't if it's not a conspiracy theory because clearly that's where we are and I think there's some nuance around how he got there. And who maybe some of the drivers have been certainly historically and going into twenty twenty. I was in oil bowl and the primary reason was because Saudi Arabia has a fifty three year reserve life index and by any measure. If you're an Exxon or shell you would have a seventeen year. Reserve Life Index which means you're producing thirty million barrels a day and so they've always had the ability to to to change their production but they've generally supported higher prices and then Russia you know according to what my sources would say inside that room at OPEC basically went in and said this is in response to the Rose neft sanctions that the US levied because it trading with Venezuela and our action towards the Nord pipeline so sorta Russia punishing the US. Who then Saudi was punishing Russia and no doubt knew it would take it down. What I find ironic is they were only talking about a million and a half barrel cut at the time and as you said the demand destruction people talking right now with nobody driving. It's as much as twenty million. If not thirty million barrels a day instantaneous demand which meant that the cut that they avoided doing was nowhere near the magnitude that would be required today. I'm curious what your take is on what could happen now. In terms of gee you think that people will actively cut be shut in because there isn't storage. How long does that take to play out? And is trump gonNA take very large role? That's like okay. Russia we're GONNA take our sanctions off you for Rose Nafta and for the Nord pipeline carry on Saudi. We're GONNA leave our military but were cutting. You're cutting your cutting. We're going to balance and we're going to visit this later. What do you think's going to end up happening in the next week or two in the next week or two I think will see the beginnings of production declines this week. For example there have been dozens and dozens of the fracturing crews sat idle. So I I just read this morning. You know somewhere around several dozen crews that have all the trucks and all the rig work that helps people frank wells. They've stopped working I think last week. Some forty drilling rigs stopped operating. I think we'll see next week. Probably another forty or fifty stopped this week. So there's going to be a decline but here's something that many people don't know you can't just turn off an oil well like a light switch. It doesn't happen that way. It can't because what you'll do is you'll end up perhaps destroying the ability of that well to come back up when you want to resume production so shutting down an oil well takes a lot of technology and a lot of easing off before you actually stop the flow. The and you want to engineer at properly. So that when you want re- renew the flow you can. And so there's a lot of calculation that has to take place and you eat it back and before you actually shut it in and and so it takes time to decrease production in order to do it the right way. And the quickest way to see production stopped. Rowing IS TO STOP DRILLING. And so that's the first step that will happen right now before we continue to condemn Muhammad Bin Salman and bought a mere Putin even further. Let's make an observation about one giant weakness of the US the mastic oil and gas industry and that is with the production increases that have occurred. Many many companies have borrowed way too much money to maintain drilling operations without the capital strength to really sustain it and too many lenders have loaned money to undercapitalized companies for the purpose of growing production anticipating as you said earlier the bullish nature of oil rather than the bearish nature of oil on the basis that the global economy the US economy were doing rate. And there's a link one link between global GNP growth or National GNB growth and the availability of more energy. It goes it's a one to one ratio. That's pretty good. And and so you need more oil more natural gas for a growing economy that the basis on which all that loaned money Went TO DRILLERS. There've been too many drillers operating and negative cashflow territory for too long so there is a need In my opinion the free marketer. There's a need for a period of rationalization of the US Industry. When people think about oil they think about Exxon or Shell or Chevron or BP or you know the big guys well the big guys are about five or six companies the little guys the independent drillers for example. The Independent producers was about six thousand companies. Now they might be two pickup trucks and four men and a dog and they're a small company but but they're still producing oil drilling and and so they are generally the undercapitalized group that borrow money to keep drilling. I think there needs to be a period of rationalization that's already begun with the whiting announcement for example of companies. That really haven't been run well enough or profitably stay in business and I think they will have to either go into bankruptcy or be bought out. There's also a lot of private equity money that came in to the oil and gas industry with the oil shale revolution where they expected to come in make an investment and then flip it out at a high price and say sell the company that they invested in well because of the valuation of companies in this industry. They're not able to flip it probably worth less. Now than when they bought in and so they would have lost money and private equity. People don't like to lose money. There are the real pirates of of every industry and and they WANNA make money to make more money and so so as you think about as we come out of this. Do you have a speculation on what happens to private equity. I mean obviously they. They had come in for a turn and flip model and now. We're in a drill. Your returns model looked like a lot of them are going to escape with whatever they can get and it may just be the salvage value of the equipment. The company owns or whatever they can sell their licenses for to another company and just cut their losses and go because they're not in this environment with the ability of what what's happened to revolutionized the oil industry over the last fifteen years is technology and and many if you talked to the CEO of Shell CEO. That's on mobile APP or talk to me up tell you that. The success of the industry is directly related to technology and the technology innovation. That has taken place is incredible to think. We're a moment that you can be in ten thousand feet of Ocean Water and you can actually identify a reservoir twenty five thousand feet below the surface of the year. Let's thirty five thousand feet from your work team on top of the ocean and you can produce oil at the rate of maybe eighty ninety one hundred thousand barrels a day from that reservoir get that oil to the shore one hundred miles away and sell it for two dollars a gallon. Unbelievable it is. It is truly incredible. Seventy allergy delivers that kind of valuable product with all that energy content to enable us to do what we do whether it's natural gas or whether it's oil the live the quality of life that we need is just phenomenal and so the technology has delivered. And it's going to continue to deliver because it only gets better and so what they're they're I think there will be a global rationalization of because there's a lot of oil all over the world we've part of technology development has been new exploration techniques. Where you can find more oil than you ever knew existed and then to access shale formations whether it's US Canada Argentina. You name it Middle East all of this technology producing more oil and and see. Here's here's what many people don't know for all the oil we have produced and consumed over the last one hundred fifty years. We've only actually produced about a third of the available oil for many reservoir. Because that's all we can get at given the incline of pressure in the era to move the oil molecules off the rocks on which they sit be able to pump out of the ground. Now we're also improving the technology on the efficiency with which we produce oil so you can actually go back into these old reservoirs with new technology again. Another thirty percent of what? They're and that's commercially viable. And so we have all these old reservoirs plus new reservoirs and at the same time with this could be a whole nother conversation. The energy system of Earth is transitioning in the twenty first century away from fossil fuel. And that's a whole nother discussion because the oil companies know that sort of the natural gas couples. They understand that the environmental impact of burning fossil fuels natural gas and oil and coal for that matter. Throw that in the in the in the wheel barrel It's all got to change because the co two and other emissions from the burning of these fossil fuels is overwhelming the balance of the Earth's environment to be able to handle it and so we've got to address that over time and at a big part of the classes that I teach her about how that transition moves forward. It's not that we're going to end oil or end natural gas in ten years. Like some of the you know. What is it the green new deal advocates promote can't be done world would collapse because nearly eighty percent of the energy we use today comes from Basel Energy and it just an ninety. Six percent of our mobility energy comes from fossil energy. You just can't collapse it in ten years and it's unrealistic. Say The people that we can and if you're responsible life and so what do you tell? What do you tell your students? I mean as as your Advising them on their careers. Presumably these are younger. People are Masters people who are early in their career. That you're teaching. Is that a fair fair judgement. What do you tell them about? What do you tell them about? You know I don't Wanna I wanna tie cronies but clearly. This is a black swan risk. That people who two years ago were planning on their graduation this May and the economy looked a certain way. And now it's totally different. And you talk about the fossil fuels that are used the fact that the fossil fuel demand oil demand is down twenty percent. And there's basically no commercial activity going on and the world has come to a complete stop. Sorta of shows you. How impactful oil is to the world? I'm curious what you advise your students. Tell your students how they should think about their career or their their mobility in in industry or how they how they deal with circumstance like the corona virus impact to their life and their business. What what do you? What do you teach your students on this well to a twenty year? Old Twenty two year old getting ready to graduate. This is a calamity and the job market is going be pretty thin for most people And they may need to go do something when they graduate that. They didn't anticipate they were going to do If they WANNA be gainfully employed so maybe they'll go to work for Amazon or kroger or you know companies that are feeding people right now because we all have to eat and because all the restaurants are closed. The demand for groceries has gone up by an order of magnitude. Unlike it ever has been not just the hoarding but people aren't going to restaurants anymore rain cooking for themselves and so yes to a twenty two year old twenty four year old. This isn't calamity to somebody like myself. Who's been around seven-plus decades this will in hindsight be a blip in another wise period of prosperity and that prosperity will come from the resumption of energy demand growth nine energy demand collapse but we have to get past the virus because the viruses causes desk and we will get a vaccine. We will cure people who are ill of not everybody's going to die but it just it feels bad in the moment because we're sick of it and we're we're seeing incredible numbers of deaths particularly among people with secondary issues in their physique because they can't continue to breathe and a ventilating machine is not. GonNa cure people whose underlying condition weakens their ability to respond to the disease the infection and so the the number of deaths will increase and people. You know dull shelter where they're being asked to shelter. They expose themselves to the risk of catching just by breathing. Somebody else's acceleration when they're in line at the grocery store even six feet away and be problematic so so I think this may be an overstatement to call it. A blip because we'll never forget this period in so devastating to everybody about everything stictly those who lost a loved one because of it but the resumption of energy growth will kerr whether it's v-shape or u shaped or bathtub shaped who knows but it will recur because people like the quality of life that comes from energy now what I tell my students about the great energy transition that's going to occur is going to take decades. It's not going to be overnight. It's not a ten year phenomenon. Because we have an investment in the existing sources of energy to move to different sources of energy and different levels of efficiency and building the infrastructure required to shift the energy from one source to another. We'll take the next forty to fifty seventy years. It'll be the whole century in which this transition plays out so for somebody at twenty two years old getting into the oil and gas industry. They can have a wonderful career for the next thirty forty years in. Because we're GONNA be using oil and gas for the next thirty forty years. We may use less. We may do more electrification. We will do more electrification of the Fleet. But even if every car owned by people and then his personal transportation vehicles if every one of them was electrified. That's only a loss of twenty percent of the oil that we use because we have airplanes. We have ships. We have freight heavy freight that we don't have electric trucks ready to replace all that freight movement and and when we do get electric trucks. They're going to be mainly local not over the road because of battery strength is not there to you know travel from California to the east coast with vegetables and fruit so take. What is the three day trip with? They could to a nine day. Trip in. The produce won't survive so the continued any diesel engines for long haul over the road and then there's a whole use of oil and natural gas for chemical products. The fertilizers we use or may primarily from ammonia which is made from natural gas and so There's GonNa be a huge demand for continued use of fossil fuels while we sort out. How much nuclear much wind and solar a much. Hydropower we use. We don't use very much. Hydropower Wind or solar today and nuclear shrinking. Because we're we're not managing the future of nuclear very well and nuclear the plainest energy. We can produce the most powerful source of energy that we can find on earth but because we don't know what to do with radioactive wastes. It's a serious problem for us. So do you do worry I mean I so I I'm glad to have an optimist On the show because to be honest I've been I've been pretty pessimistic. Really since March seven for two reasons number one as you've pointed out in his most of the world knows we are the marginal barrel and there is a lot of oil and a lot of oil that could be produced at lower costs than we have so like hearing your optimism. Do you think about the financial ramifications of the fact that we've injected. Now I think six trillion if you include the balance sheet the four trillion balance sheet and the two trillion stimulus package plus. We probably need more. Plus we've had ten million people Have go for first. Time Claims Toronto Employment Plus forty percent of Americans don't have four hundred dollars an emergency situation without selling something and that's a hundred and thirty million people do worry that as this drags on twelve eighteen months away from a vaccine that if we don't restart life in an embrace the fact that people will die but life has to continue that that we go into a period like the Great Depression where there's really no way out of it and honestly the only way out of the Great Depression was World War. Two and the manufacturing came along with that. How do you think about that in context of all the historical booms and bus? You've seen over your career. Well I don't have the idea of depression in my foresight. I have recession. Yes but long-term depression no and the reason is a were resilient as people we adapt we flex We're surrounded by most of us by family members who can help us get through the toughest times number two. We live in a democracy where we choose our government and so the government knows that at one of the reasons we got the two point two trillion package rather quickly through congress. Was everybody's up for reelection in November. Right that is a fact and everybody says we gotta do it. We gotta do because the elections coming around. This is an and we have a president who's always been pragmatic and flexible his career. Not just because he's president that he's pragmatic he's always been pragmatic. People may not like his pragmatism or his behaviors associated with his pragmatism. But he'll do what it takes. He said the other day. I'll do whatever it takes. He'd also liked to get reelected and so and and the and the Democrats would like to make sure he doesn't so there's going to be a lot of promises out there and I think the two trillion two point two trillion is a lot of money. But let's remember. This is a twenty trillion dollar economy the US every year twenty trillion dollar GDP in the US. That's a big deal. So that's ten percent of the GDP of a year now. Yes it's all borrowed money and some point we'll have to pay it back But over a period of time if we do hundred year bonds which is what the Treasury Department is looking into There's a lot of things we can do in a rich country. We have more options. What I feel for. I mean my heart breaking over countries like India Pakistan many other countries with large populations of real people just like us. Who Don't have anywhere near the optionality. We have anywhere near the infrastructure to keep us hall. I mean think about six hundred dollars supplement to unemployment per week. That's one two trillion dollar package. That's a truly humanitarian gesture. On the part of our elected officials And and while temporarily and and it will sunset it will certainly help a lot of people as we go through whatever we go through. But but I have to say with respect to the virus itself I think that the current early April reality is very bad. Very tough And I think what we're seeing in places like China Italy Spain Everybody's GONNA learn the hard way. We're learning the hard way and I think the isolation of the shelter in place the physical distancing that we're doing bay may last for quite a while but we'll all be healthier because of it while it is certainly going to be very interesting twenty twenty. I think a lot of people a lot of people expected the you know the economy go a certain way in for opportunities to happen and then this is a perfect example of a pivot and shift last question for you. What do you think if you were to give yourself a piece of advice? The younger younger you and you went back twenty years knowing what you know now and knowing what you've seen knowing what you've learned what piece of advice would you give yourself that that you think would really resonate and help guide the Middle and later party your career or earlier part of your care. I think I've had good advice from my elders. As I became an elder over many decades and one thing I say to my students you can never stop learning. Never stopped growing never stopped reading learning growing reading. There's no end to what the brain can consume in terms of ideas. Options information. Integration. As you get older you get the integrate you get to synthesize much of what you know when you're young and you're running through through your early years. You don't necessarily take time to think which means you're not synthesizing everything you know not integrating variables from this reality to that reality and making sense of it as you age. You do that in a better way. Actually may start to acquire wisdom in your fifties or sixties or certainly. By your seventy or you know. You're you're really missing the boat at some point that it's why we respect our elders. Because they tend to know a lot of things and so knowing more things is to be the journey lifetime and the opportunity to know and to do and to do with what you know. It only gets better with age and my talking yesterday. About how old are you and I said years old as you think you are. You don't count the years. I haven't celebrated a birthday and fifty years and so it's I feel man a man after my own heart of that so I'm as young as I wanNA think. Yeah and as long as my brain is functioning. I'll stay that way. And so my advice to everyone at any age never stop learning. Never stopped growing man. Who would have thought that when when when I was in my forties and somebody put a computer at my desk? I said what is this. I had no idea. It just showed up on my desk one day and at and they put a keyboard in front of me and I was really. It was familiar with a keyboard because when I was in high school I worked in the library. Learn how to type. That was the typewriter. No so I've been in finger typer my whole life my whole life so but it took me a couple of years to really build up courage to see. What can I do with this computer? Right here. I am in my seventies and I'm teaching fifty students with an online zoom program that I initiated my goodness a long way. I mean that's actually. I'm Kinda hopeful I. I hope my parents are listening to this. One because you too can learn how initiate zoom call. I'm excited about that but well John. I really appreciate you coming on and sharing your perspective and insights from your multi decade seven decades on earth than and many many years in the energy industry. I think that that it's a really balanced perspective on optimism and a view towards a brighter future As always you can follow us on the web at. Www dot today dot com. You can listen to our podcast. Subscribe wherever you get your podcast until the next time. I always say be safe. Be Good and have a great day. Bye Thank you David by.

Us Saudi Arabia executive Vladimir Putin President CEO Russia OPEC Shell Oil Company government Jiffy Lube John Hofmeister George W Bush
Friday, August 30th, 2019

Up First

13:58 min | 2 years ago

Friday, August 30th, 2019

"Are student activists from hong kong's pro. Democracy movement are under arrest. Will this protesters from taking to the streets again this weekend. I'm i'm not real king here with rachel. Martin and this is up i from n._p._r. News the trump administration wants to roll back regulations on methane eighteen emissions for oil and gas companies wasn't happening when many of those companies are on board with obama era regulations and in the u._k. People are outraged over prime. Minister minister boris johnson's decision to suspend parliament. Stop the coup. They're saying so can a legal challenge. Stop johnson stick with us. We've got the news. You need to start your day. Three of the leading activists from hong kong's pro democracy movement are under arrest right so the most prominent among them is twenty two year old joshua wong he was walking to a subway station on friday morning when he was quote forcefully pushed into a private minivan on the street in broad daylight week well because it's according to demos sisto which is the activist group that one leads he's been involved in the pro-democracy movement in hong kong for years as a teenager he was is part of the two thousand fourteen so-called umbrella movement which is partly inspired. This latest wave of pro-democracy protests that we're seeing in hong kong all right. Emily chang is on the line from hong kong. She's been following following all of this haley. Hello good morning. So what do we know about these three young activists who've been arrested well besides joshua wong there is andy chan. Dan and agnes chow and they're all young. They're in their twenty s. They're perceived by some as leaders with the current protests which are now in their fourth month but they're not the leaders. I think it's important to to make that distinction. The current protests are leaderless movement. The three of them had been leaders in the pro-democracy protests called umbrella movement from five years ago and it was peaceful ocupation of hong kong's central business district then fizzled out after seventy-nine days but their key demand from that protest five years ago that hong kong be able to elect their own leader is now being repeated in the current anti-government protests okay but you said two things that are really interesting in the first. Is these participant going on for four months and the second thing is these these three kids are not leaders of it so why arrest them and why arrest them now. This weekend is a politically significant anniversary. It's the fifth anniversary of beijing's decision to to maintain its control of her. Ho how hong kong leader is chosen and it's also the decision that sparked the two thousand fourteen umbrella movement in the first place and so to commemorate the anniversary. They're supposed to be a big march. This saturday but hong kong police have denied the organizers permission ends organizers said today that they're going to cancel protests that on top of the saturday marched emma sisto the group you mentioned that wall leads and agnes chow is also part of they've been organizing these mass student sit ins and strikes that are going to happen across school starting monday which is when the semester begins. I also heard of a wave of other arrests that have happened among at least to hong kong lawmakers and a former student union leader who participated in protests over over the last few months so there seems to be a coordinated wave of arrests across the city today and they morgan esscalation from the beijing chosen leadership of hong kong to put an end to these protests. Certain is certainly seems like it and organizers cancelled the weekend protests. These are the ones that we've been seeing for the past couple of months. People turn up their enormous does. Is that necessarily mean if if the protests has been canceled. Does that necessarily mean that this weekend is just a bust no. I think that a lot of people are going to show up to protest. That's that's what protesters and organizers from dempsey store saying and they're even more angry because of the wave of arrest of going on the strikes for monday and tuesday are also so going full steam ahead demos easter which is the youth activist group that chow and wong reporter for defiant today they held a press conference in front of the hong kong government's offices and in here's a clip of them mogo by home bowl hongyang ombo they're chanting and protests of what they see <music> as police overreach and tear and they're still encouraging people to come out this weekend despite the ban and the fear that there are going to be more arrests coming n._p._r.'s emily fang online. I'm from hong kong. Emily thank you so much. Thank you okay. The trump administration wants to rollback yet another obama era environmental the proposal released yesterday to undo many of the requirements on the oil and gas sites is to detect and fix methane leaks from wells and pipelines methane is a powerful greenhouse gas right. It's twenty five times more damaging than carbon dioxide. It's released during natural gas oil production small oil and gas companies generally opposed the obama administration rules on methane but larger companies have supported them. Here's here's how the former president of shell oil company explained it yesterday on all things considered his name is john hofmeister regulations that protect the water the land and the air which enable the industry that continued to do what it does are essential for the industry to be successful down the road. That's changed in the last twenty years and and so it's necessary for the industry to recognize that this is the way it's going to be and it is the way it should be. N._p._r.'s jeff brady has been reporting on the story. He's with us in the studio good morning. Good morning all right so let me ask you about this really interesting. Split small companies want the rules rolled back. They don't want the regulation but big energy companies actually supported obama's regulation. What's going on there. Well these small oil and gas companies. They they generally claim that the rules are too expensive and burdensome and that's also the the argument that the trump administration makes but the larger companies exxon mobil oh b._p. And shell all names we recognize. They support the rules because they worry what could happen. If regulations become too lax a here's been ratner with the environmental defense fund explaining their logic some companies and their investors realized the risk that the future of american natural gas could be dragged down down by industry's worst actors natural gas has a reputation for burning cleaner but big oil companies were that reputation could go away if they don't stop those methane league. That's interesting so there's a lot on the line for them including some reputational risk so why is the trump administration. What is the trump. Administration want to roll back. These rules in the first place of big industry supports them well president trump put out an executive order telling agencies to review existing regulations that might hamper the growth of domestic energy the e._p._a. Took a look at the that this rule limiting methane leaks at wells compressor stations and other industry operations and the agency decided there were already ready other rules in place that limit that they would also limit methane so they're proposing to get rid of these rules now. Those other rules do exist but it's not clear that they would be the as effective as ones focused only on methane and environmentalists along with those big oil companies say it's important to have that focus because methane is so so effective at trapping heat in the atmosphere of course making climate change work. Yeah president trump has gone after several of these obama. Era rules aimed at climate change has not not yet. There is a pattern and understand it. You really have to go back into the obama. Presidency addressing climate change was a priority for him <hes> he couldn't get congress to pass laws specifically specifically focused on regulating greenhouse gases so the administration developed regulations under existing laws like the clean air act <hes> but critics say the obama administration overstepped overstepped its authority and they're bringing their legal analysis to a new president who wants to boost the country's fossil fuel business and that gives the trump administration way to start rolling back some of these regulations so is this rollback on methane a done deal well. There's some roadblocks. <hes> one of them is oil and gas industry southeast big companies investors. They have investors to worry about <hes> they wanna show the public that they care about climate change and rolling back regulations doesn't fit with that thinking so you have <hes> the oil company shell saying it's going to go ahead with its plans no matter what the administration is doing. They're going to produce methane emissions and another potential roadblock is timing. Were just about a year out from the next presidential the election and <hes> the last to put this out for comment on the public hearing and then there's almost certainly going to be challenged in court so this could could tickets well past november twenty twenty <hes> okay well past. The election indeed n._p._r.'s jeff brady. Thanks so much thank you okay. Britain's prime minister boris johnson is facing what can only be described as a pretty serious backlash after he decided sided to suspend parliament early next month save our democracy. He stopped the coup. That is the voice the collective voice of londoners who are protesting in parliament square this week after the suspension was approved by the queen this move means parliament parliament love less time to debate how united kingdom will exit the european union under brexit which makes it so controversial and the whole thing increases the odds that british lawmakers just won't be able to reach a deal uh-huh before the october thirty first deadline which would send britain crashing out of the e._u. The plan is now facing legal challenges. N._p._r.'s frank langfitt has been following. All all of this message is on the line. Hey frank and hey noel sue now. There's a legal effort underway to try and prevent parliament from being suspended. How how is this working sure. <hes> so about seventy five parliamentarians basically went to a scottish court and said we would like you to get an injunction action to stop boris johnson from suspending parliament. Will we heard from a scottish judge who has turned this down and the quote is there's no quote cogent need <hes> to do this and this is not a great surprise because the queen agreed to this and the queen usually follows the advice of the prime minister and there have been <hes> these kinds of suspensions happen <hes> when when a new government comes into power the objection here though is that this is so long and it comes in an absolutely crucial time in in the modern political history of the country so parliament is supposed to be convening next next week there will be brexit negotiations happening. I assume <hes> what are they going to be talking about in that week. We'll in that week. They only are gonna gotta have they couldn't have as little as five days <hes> to try to to get anything done so this is considerably less than than expected and what we do expect is members of parliament who are posing odeal to begin to try to pass legislation to block the u._k. From leaving without a deal and the question is can they how long will take them to do that. Because under the parliamentary system the prime minister controls the agenda. It's not like the united states at all and so this will take a bit of parliamentary maneuvering to get there. What did you know deal members of parliament. The ones who want to fight this hope is that then johnson would either have to go back to brussels and get a compromise which now seems quite unlikely or ask for another extension <hes> and if it got to another extension and most people here think this is all headed noel to another general election <hes> sooner than later. I think most people feel this cannot be resolved without taking <hes> this issue back to the people. Let's talk about the people because i know you travel to the city of boston in this place where more people voted in favor of brexit sit than any other city in the u._k. What are they telling you well. What you here. Here's exactly the opposite of what a rachel saying <hes> just in in our introduction <hes> people here are are actually supportive of what johnson is doing. They're sick and tired of of all this. I was talking to michael reynolds. He's a retired butcher and he supports johnson and this is how are we put it on the other party's against him. If a little protector of england was still alive the pay stopped us from going out your head to westminster approach little protector of england oliver cromwell now just for history buffs people oliver cromwell led an army into the house of commons forcibly dissolved parliament element. This is the sixteen fifty s so to translate that what he's saying drastic times require drastic action on my goodness n._p._r.'s frank langfitt frank. Thanks so much happy to do at noel <music> and that is up i or friday august thirtieth. I'm noel king and i'm rachel martin up. I is produced by sydney harbour. It is edited by archie rizvani. An era of our music is composed by nick dupree and louis weeks. Can you young on is the boss. She's the executive producer. I come back monday. We'll be here and because the news doesn't stop when this podcast ends follow us on twitter at a first for your daily roundup of the most important stories of the day and you should that up. I is here every morning because of your local n._p._r. Station your financial support. Let's do new things. You are financial support. Let's do more new things like this. Show support your n._p._r. Station now at donate dot n._p._r. Dot org and heads up you can start your weekend with n._p._r.'s weekend edition. You can find that tomorrow morrogh either local station at stations that n._p._r. Dot org <music> <music> <music> jiechi rolling wrote the final chapters of the harry potter series was sequestered in a hotel room so it's a strategy lots of artists and thinkers us they go somewhere physically isolated different where they can without distraction think deeply quieting distractions on the latest of our youtube point. Oh series on hidden from n._p._r.

hong kong boris johnson obama agnes chow N._p._r. rachel martin prime minister jeff brady president frank langfitt frank hong kong government president trump Emily chang shell oil company beijing
The Easiest Way To Find A Job

The Playbook

08:15 min | 1 year ago

The Easiest Way To Find A Job

"I don't believe in sending a ton of resumes out the indeed monster etc but I do believe in raising the attention and intention Jin of what is available. This is entrepreneurs the playbook so many people are constantly looking for either purpose or purpose tied to a job especially when we get out of school and I think it's good because it means you're purposes calling you right and and you should pay attention to it For me I think I look at things through a broader perspective than Most people I don't limit the point of entry but you know some people live in Beverly Hills grew up in Beverly Hills and they only WanNa work in a job in Beverly Hills and not only doing only one job anybody hills. They WANNA be an executive for you know Asia or legends or something. That's right here Well by MAF- half your limiting the opportunities by limiting their point of entry one of the exercises that that I believe i. I don't believe in sending a a ton of resumes out via indeed monster etc.. But I do believe in raising the attention intention of what is available teamwork online. I think every day if I was in your position I'd be studying all the different companies. There are out there that are hiring all the different types of positions positions that are being hired in your skill. Set your knowledge desire as well as the industry that you're looking in and also outside the industry because a lot of times times jobs that are outside. The industry are related to big industry so you can work for Shell Oil Company but Working Education Division. NFL or charitable division of Shell or sports division of Shell but those jobs aren't listed in the sports side. And what we WANNA do is broaden our perspective and then what we do is if we're looking at him every day we start putting our attention and the intention attention on what we want. We find out jobs we never even heard of. And that's how they'll look at my career. When I got our law school I wasn't? I'm just applying to litigate right. I was looking all over. You know I I got my great sales job out of law school because you know they were impressed not only with my legal stuff but moreover that I woke up at four in the morning and sold tennis shoes before I went to the law firm right and I got that job. Because because we're everybody else would have settled when they were clerking in the summer. You know from nine to five. I got my my law job. No problem I why did right. I was looking for jobs to fit my skill set of selling. And 'cause I knew I could make money selling. Here's what most people do in looking for jobs. They say I want to work for team and so then they go to teamwork online and they look at each team. What they're doing and then they are? You know surprise when they get a job in ticket sales instead of right. I want to work in sports and I love to teach and and so you know going abroad. Without limiting the point of entry research on what teaching jobs there are that are related to sports but not looking and just in the sports side and then looking at all these different companies and realizing WHOA. You know there's this whole side of education in sports and huge fortune. Five hundred in companies. Have these different workshops that goes on and on and on and on well then when you know about them all then you can create a narrow search coach and instead of just still applying find like I say how can I be of service and you know anyone that could help me so then you start asking. Hey do you know anyone that you can help me. I'm looking to meet someone that works for. Shell no can help you but I know someone that works for Chevron Oh really go back online do research research lo and behold Chevron has the exact same job that Shell does. Oh would you mind making introduction. I really liked to work in their sports education division. There's you know they had a sports education division. Yeah neither did I guess if nobody really knows they have sports education division. Guess how many people are applying for that job. Compared to how many people are ending being funneled into the Los Angeles Lakers clippers sales. I mean ticket sales thousands and thousands of kids which are in Powell of resumes. That are this tall instead of my cousin. Walking over to me not saying. Hey Dave this is a really good friend of mine. They'd like to intern for you for the summer. What do you think the chances of that person getting an internship with me compared to the twenty five hundred resumes? I get a month to come in turn for me that that's how you get a job right and that's why it's so important important though the two questions in life you know ray one of the things I love us. You got the first question down. How can I be of service you? That's what keeps you inspired. How can I be a service? You're looking him for things during the day. How can they be of service? Well that's how I started out thinking. Oh how can I be a service. How can I help? And then the second question is a subtle title sophisticated way of asking attracting. which is you know anyone that can help me remember when you ask someone? Do you know anyone that can help me. It's inclusive it's a softer inclusive. Ask then can you help me but you know those with you know when it helped me I'm looking for. Are you know more followers right. And then consider so. Oh you know I got twelve hundred dollars but do you need. Oh actually if you and your friends if you guys could post this invitation to my fifty fifty party. I'm trying to have my final party in Las Vegas and raise as much money. I can't Actually build the second community center now before the end of my fifty first birthday in January you know when they can help me right and she's sitting there. I could help him. I know other people to write in all of a sudden. I'm starting to scale out all of these things to simple questions. How can I be service? Do you know anyone can help me. And then there's the ultimate you know. Does that sound fair. Does that sound fair. Sure then think people but so. That's the question I want you to go on. You know. Start just looking for what other jobs it. Is You know I always tell the Scots Lawn care. Job Is my favorite at Notre Dame. no-one had jobs yet in the NBA program. And it's a sports NBA or sports manager program and everybody laughed at the kid because he said who has a job as his hand and he was like. Yeah I got a job with Scott's lawn care and everyone else was like well. I don't work for the cubs you know. I don't work for Notre Dame Athletic Department government work here and but they weren't laughing when he said you know you got a six figure job running a multi million dollar budget which includes putting on all these killer parties. He's hiring killer athletes paying for advertising. ESPN being invited to all their parties. Right compared to hoping hoping I'm selling tickets for the cubs fan meal. He should be proud. Because you know there's thousands of resumes sitting there to get the job job ticket sales for the cubs as well. It's to me just along route less successful out. Hope you enjoy this episode of the playbook but more importantly I want you to join text community. I'm doing a lot of fun. Things there one on one conversations trainings giveaways and is the first place. I release Lisa all the information that I'm giving so join me at my techs platform nine four nine two nine eight to nine five. That's nine nine four nine two nine eight to nine five joined my exclusive community.

Beverly Hills cubs Shell Oil Company Shell Working Education Division NBA Chevron Jin executive Asia Los Angeles Lakers tennis ESPN Las Vegas NFL Notre Dame Athletic Department Scots Lawn care intern Powell
Tony Kynaston - Situation Normal

Shares for Beginners

25:42 min | 1 year ago

Tony Kynaston - Situation Normal

"Welcome back to shares for beginners UNFIL- mascatello listening to this. Podcast will be aware that I normally discuss topics of a general nature only with guests. We don't talk about market conditions happening. However I know there's a lot of fear emotional turmoil game on at the moment so let's pour some oil on troubled waters of US Coniston from the Qa podcast to come back on so that we could ally some of those fees tiny feel faithful at the moment. So I emailed Tony yesterday and mentioned difficult times and Hema email back saying situation normal hence the name of this episode. There's also a few moments at the end of this podcast from Rub Gilmore about the oil prostitution because it's not all about the corona virus. You may remember rob as the first guest ever on this. Podcast dropped around this morning to give us insight into the oil price. What's volatile and why it has an effect on markets so we're recording this on Wednesday march eleven at ten. Am The markets are just opened? We're having not having a look at this before that at this stone. I look at it that often. I guess at this time I look at it. Maybe two or three times a week so on Monday the ASX two hundred. The top two hundred shares on the Australian Stock Exchange dropped seven point three three percent that was after dropped around thirteen percent in the previous wakes the moves on the New York Stock Exchange of being similar yesterday the ASX. Two hundred closed up about three percent after opening three point. Eight percent lower overnight the US is up nearly five percent. These gyrations quite funky and wild yet tony. You're remained sanguine. Why well I think what's happening with. The market's going up and down at the moment in particular is people reacting to stimulus to what Elliott is assigned. What's happening with light as reports of spread of Corona Vars? So they're acting to news and we can't lose sight of the fact that the share market is a market it's people trading with people and therefore subject to human psychology. Which is the study of behavior? And we we need to have a framework to deal with that and the framework which says this is how I approach investing on buying shares in companies and. Yes they tried it on and isn't subject to psychology so I have to have that framework operating in that kind of real environment but I can't be blowing sided. Bought it by human psychology. And I think that's what's happening in the market at the moment is is people are I guess because the news tends to focus on share markets at this time it is becoming top of mind and people's awareness. It's a bit like we've all worked in offices where there's one person who always begins a conversation with have you heard the lightest and that kind of person is kind of dominating the market at the moment and we need to be polite to that person we need. Basically in there will be times when there's big falls and we have to decide whether we're borrow seller and there'll be times when those big Roy's is and we have to decide whether we were borrower seller but that's part of being an invest up and before the podcast go talking about Warren Buffett. And he's quite we need to be fearful when people are greedy and greedy people fearful now. We had the faithful when people are greedy activity last year and they were having the greedy when people are fearful top event this year. I'm not saying that people should be buying into the market at the moment but should have an idea of what will be a situation when they'll bind to the market and I have a framework. I guess I need to put a caveat ramble. I'm talking about here. I'm trying to give people a boss. I'm trying to tell people do and that's different. I think whether you fall is up to you and what we're all about on air podcast. The podcast is to teach people how to think for themselves and to deal with markets. And I have a framework and the framework used to look look for the quality companies and look for them when they're at value and at the moment there are lots and lots of companies in that situation. But what we're doing is well on on waiting for the sentiment around those companies to start to turn. That might not be. It might be tomorrow. It might be in six months time in twelve months time but That's that's what I'm looking for and we talk about what we call a three point. Trend Line graph. Some people talk about moving averages so basically it's when the short-term sentiment in the market overtakes the long-term sentiment in the market and when we see that starting to happen then we'll we'll be a bar in this market but there are plenty of opportunities to to boy. So what would you say to someone? At the moment. I mean it's a psychological thing and because of all the headlines and because of all the media making a big deal about it and Italy's in lockdown if your new to the market and you're not sure what's going on. This is probably a learning experience for you because this kind of corrections happens. Every six or seven years. It's basically wants the sokoll event in the shamrock. So I get used to it as we said before situation normal. These things happen. I think the last one happened like there was a ten to twenty percent correction about December. Two Thousand Nineteen so so. I don't panic. I guess as the message by the same token if you're scratching your head saying okay become during this process but I don't know what to do then I would be hesitant to start trying to guess and trying to put money into the market if you really don't know what you're doing this Nairobi. The learning point in price for a new sharing vista. Maybe I don't know what I'm doing. I don't have the stomach for this gone. By Elicit Investment Company Anita or put my money in industry super fund or or a life fund off think. That's a very legitimate tyke out to have from this the last two weeks in the market and I think that's a very smart thing to do if you're feeling at all squeamish or at sea or not confident with what you're doing you can. You can certainly keep learning and maybe even running a paper portfolio during this process and see how you went and that's part of the learning process but if you are answer and don't don't take a risk put the money into a into a fund because this has been a very recent event. I mean people might have been buying an ATF three weeks ago. Yeah and this is. This is the first time they've been hit with it. So it's just a learning experience really. Isn't it something to think about and really stick with it? Yes Oh exactly want shouldn't think this would deter people from being ashamed. This is what I'm saying. Is this happens? This is normal for a shame market but if you are feeling squeamish or unsure what to do maybe maybe direct investing isn't for you but maybe in the future and so keep keep at it and learn through this process but I remember I call the GMC my my University of course in in share investing. And before that when I first started investing and did everything wrong. That was my my school of investing. So you always learn through these prices and experience does does help us give you the framework to keep calm and in buffet as we said before said you don't need anarchy over one hundred fifty to share investing need to become impatient and and that's exactly what we're seeing at the moment and other buffet saying years. Mr Market is a manic depressive. Knots your door every day and says on the by Your House. And here's the price it's up to. It's up to you whether you sell or or by his house next door. He'll keep coming to you or show. Keep coming to you with a price. It's up to you with the process. Did you enjoy his latest news and a couple of weeks right? What's your really recommend people go to the Berkshire Hathaway site very simple side. It's really just the list of the past twenty years of newsletters and start to read them fantastic and there's also actually all posted in the blog. Post this episode. But they he did an interview to our interview with CBS. Okay interview if you've seen that excellent interview. I mean the guy's rock solid is rock solid in the way he looks at looks at things and and I have a framework. I have a way of doing things and white for the market to to be in the right condition before I act so W- no one can predict the future but there's a lot of talk about that. Australia is going to go into a recession this year. How would that does that? Have any effect. I guess it doesn't have any effect on the way that you think about things or just changes the the timeframe of your investing now. It doesn't have any any direct effect and I guess I don't WanNa say I'm flippant I mean people will be hurt. If there's a recession people will be hurt. In particularly with the corona virus going through people will die so. I don't want to sample these various series topics we're talking with but in terms of how they impact don't have I invest. They just part of the general hilly billion the market I said before I have a framework of looking at companies individually. I look at the quality metrics and I look at the price and and decide whether it's their value or not and as Alaska the screen and look to see what the market's doing and with that company using an upswing or a downswing before I decide to pull the trigger and by that will be affected if again to a recession I expect that the list of companies looking at will grow but a and it might mean that anything for six months or twelve months Siberia and they all hang onto the ones. I've got and I would add a word of caution here to anyone out. There has a portfolio that they might want to consider reducing some of that gearing especially if it's a margin line when some of the shares can be at call. I don't think people have any idea of what a recession is like. I mean you and I were through several. I'm sure and that's kind of a market man. That's true I have at the back of my mind when when these kinds of events occur is that you know. I've lived through the ninety one recession through the Gulf wars of invested through the Dot Com crash the ninety eight long term capital management meltdown the Asian financial crisis the GMC. All these things you survive. And if you if you take the longer term view and look at the sham one hundred years the graphs dots in the bottom left hand side of the shape of the piece of paper and that goes to the top right hand side of the piece of paper. We'll always do that. I ever longer turn. We just have to keep that uppermost. Yup I'm talking to my daughter at the moment because she hasn't started investing it and she's got no idea doesn't want to do it she just wants to spend money and have a great time. She's at that age and But I tell her that his absent are available. These days which can help you get started investing like rays. Have you heard of rose? I haven't anyway what it does to basically it just rounds up every purchase on your own and that gets invested and I'm saying to a look. This is a great time to get started when markets down. Your dollar cost averaging in by getting in the best possible time. Is this the way that you would see someone? I starting in the market right now absolutely only gets Tom to start in the market anyway. Anyway possible yeah provider. You can stomach at going further down to help that price as you say is Duller cost average so if you've been dollar cost averaging into the market allows twelve months for example you've been buying lists is in the last twelve months now you buying more shares and so overall you're going to get a decent performance and you're not really worrying about where the market is you or you're trying to work out with them on by more or less the same number of dollars every month and I'm GonNa signed by twenty year old daughter who's asking us of the good time to start so we are starting with her the night. Perhaps we should explain what dollar cost. Averaging is here at this point sure so if someone for example to me and say I've just inherited one hundred thousand dollars. What do I do with it? The lasting ties him has gone. Put put it onto the market. Tomorrow I would say for example. Maybe take ten thousand dollars a month for the next ten months and every month spend ten thousand dollars buying into the market. And it's easier if you're buying an ETF listed investment company or putting it into US manage fund. You just keep putting ten ten thousand dollars in each up but what that means is that at the moment. Your ten thousand dollars goes twenty percent further. Then if you're doing it last year where you're buying list with that ten thousand dollars but I have a time. It evens out. You're buying market average. We haven't really discussed listed investment companies. But I just said this. We've got an episode that we've already recorded where you're explaining companies which will be coming up in the future. Sorry go into that. We've got that one to look forward to it anyway. Maybe we have discussed that. So if you've been holding off buying and you've got some cash is now something time. The people should stop thinking about it absolutely. Yeah I mean. The market's down twenty percent from its highs in my good answer this. I saw the overpaid told US dollar cost averaging to stop buying but yeah. This is sort of Tom. We're not going around looking at. How much undrawn facilities have in terms of debt? And whether I have any cash that Can pull together and start to put into the market the Koran Avars Heffler you of Karan Avars unfaithful of catching myself personally. And as I said before that one of the be flippant people will die from the virus on a macro style and economic scale it will disrupt supply chains if I sort of go through the risks of what could happen. I'M GONNA I'm GonNa say them as risks but they may not happen and I think yeah the management saying your hope for the best plan for the worst is a good one to keep in mind at this time but as you said before. We haven't seen the recession since nineteen ninety-one and it's we haven't seen what's caller supply recession for much longer than that so supply. Cyber session means that people can't get access to goods so for example. A bill to get access to howdy plank or something like that that they use to build a house with and that has two problems one. It means the house doesn't get built so there's this money going into the economy and the building has to put their their labs off but to also means that they'll be someone out there who can produce howdy plank in limited so the amount but the process go up and so we started to see inflation comeback into the market and so that the risk with with corona virus around the world is that people start having to pay more for like a buy cheaply either from China from from somewhere else that starts around of inflation and that's always bad for share markets because it's all the process of going up that means why we'll have to follow to pay for things Which means the economy go up. And that's a drag on business and the drag on the ship. All the shame marker and suicide tougher for people because they suddenly having to battle having to ask for more money and battle with the budget to try for everyday items groceries and clothing and things like that. You must be the person that sees inflation as a risk of this stuff. But I'm talking about real inflation. I mean we've lived through periods when inflation's be running at a high single digits and that's that's a pretty tough time to be to the an investor to to really get about an economy early Okay because Everyone else every pundit that I hear saying that we're going to be having low interest rates for a long long time. I'm a bit of a contrarian film and everyone says one thing I expect the opposite because no one can see the future and we're not a consensus in the market. It usually means it's already happened. Regret the turned the corner so the other side of the problems at the moment is to do with the oil prices. Well it's not just and we'RE GOING TO HAVE ROPE. Gilmore's I mentioned a bit lighter on just giving a brief review of that hetty say the oil price situation as it is developed. At the moment. I'll give you my opinion. And that's all it's it's you know. It's worth two cents really. I have my two cents. I did use to work for the Shell Oil Company so I have a little bit of experience in the world but not much to be able to shit any sort of certainty on. What's going to happen? I guess the fact is you need to consider out savvy. Arabia has just launched Aramco which is probably the biggest company in the world. Now it's seeing Russia's a as a major competitor so it's it's taking on Russia and doing some strange things to try and grow market share because Russia's economy the that's the main money earner Russia. It's one of the big ones it'd be only years. The energy oil. Guess yes. That's right so I can see tussles going on between Russia and the Ramco which is driving the prostate at the moment. I don't know when that will shake out. It'll be a game of bluffing. And who blinks first? I think I think the more important thing for the global economy is that if you Ara an oil company you have lots of debt your GonNa face a very tough time going forward. And I think it's the fallout of what happens to all companies in the financial community which is probably just as important or more important to awesome busters because there are some where we still applies out there especially in the. Us liberal leverage means that they've got some did got lots of debt. Yeah and so if I if I can't if they're showing all of the loss and thirty dollars a barrel they'll be some out there. Who are they will have to either refinance in which case that puts even more stress on the company and draws the shape process or or if they can't refinance and then if money to banks and those banks feis payment losses may become less profitable and this day and age all the banks are very interconnected site so banks realize that they shouldn't have all the eggs in one basket so they want just just be solely learning to the oldest straight dog often. And we'll take you take thought though. If they lie money to the oldest rate up probably gone borrowed from another bank to try and offset that line and balance out their portfolio which is the indicate by the financial markets. Were and we're back where we were with. Ge where you don't know if all company I goes down which bank follows it and which bank money which other bank and how that impacts back onto the banks in Austria and so you got this same slow situation of unknown risk in the finance system and that will also see the cogs of the economy starts to grow into a hole. Was there anything in the united that you wanted to say because all my questions exhausted fit my fears. I think probably the the last thing I'd say is that it's it's times like these when I like to watch and listen the people with long respect because again. I don't give advice but they have conversations like this and people like Roger Montgomery on your show recently. Montgomery's when I listen to you I've been watching rating lot of his stuff. Very calm very. He's an excellent devote. Jeff Wilson Formosan Asset Management Ellen Cola and weekly briefings and. He's PODCAST is good and obviously Warren Buffet. And Charlie Munger when they come out and speak as well. It's always with into and you can't feel quite isolated if you're an investor city by yourself so having these people talk to US cider speak even I might read. It came to be a good way of keeping you on track Ellen Collar and the money cafe it is skype podcast every week as well enjoying Thursday afternoons competitors. We shouldn't talk too much about competitors but They've got a nice lighthearted touch to the way that they trade in that does help make you feel better as well. It does not see you as a competitor for see them as a competitor Rogers role on the same wavelength of trying to help people to to learn about investing and to eventually break the shackles of pain. So many fees for forgiving people their money. That's probably the most important thing of of of that's why I do. And that's probably the most important thing I can contribute to this. Podcast US INTO OUR PODCAST. But please form your own opinion and working at what styles. It's you the best and work out. Where the you had to have the temperament and stomach for personal investing. And if you do great and if you would look for look for something with life as to invest you my and and also to the world goes on this is we're all about investing to improve our quality of life if it makes us if it keeps US awake at night and means that we can't enjoy it's not worth we need to allow through this whole process as well and continue to enjoy our laws trying to trying to be good investors fantastic. Thank you very much for dropping in China or I could feel and we'll just cut now to rob Gilmore. Who's GonNa give us his thoughts on oil prices and what's happening with oil at the moment as well Well it's not just the virus. It's the oil price and while the market's being trying to come to terms with the impact of the Koran of our outbreak for the last week and a half unsuccessfully mind you it was almost like the market took a king hit last weekend when OPEC filed to come to an agreement with regards to production cuts. Now we're going through a phase in the oil market where demand is dropping off because of a coronavirus and pick were trying to agree production cuts in order to could supply while demand had fallen now. Opec these days includes Russia and let me Putin decided not to cut production trying to go against basically what Saudi Arabia were pushing and the reason for that is because wants Roy. Us Shell oil to go out of business and he feels the best way to do that is to crush the oil price which is below the cost of production of US Shell oil and basically make them to fold on their debt and curb supply that way. During which time Russia Ken gain market share and ultimately prices rise and they profit from it so Saudi Arabia wasn't too happy with this and so they came to the Party and said right. Well if you're not going to cut supply we're going to increase it and we're going to drop the price so essentially what you've got now. He's a price war between the Russians and the Saudis by both have very low costs of production but how long can sustain this sort of price? War is is the big question. It's bad for share markets because any any shock causes uncertainty and volatility when you see the price of a commodity like oil full thirty percent. It has a dramatic impact on currencies. It has a dramatic impact on a lot of industries and a lot of industries that do depend on on oil and if you look at the ramifications of a lower price just on the US shall industry alone that has knock on effects into credit markets if they default on their debt then that causes further in credit which can potentially create some sort of contagion if you take the US shale oil industry the pots of that industry where companies are heavily indebted issued bonds. And if they default on those bonds that then has issues cause issues in in credit markets. And if you think about other industries that feed off the oil industry in the US like employment life. The contractors there are further ramifications in not only in the US but other parts of the world when you see dramatic fall in the oil price. It has a flaw in effect to Australia. Throughout gas produces where the price of gas is fixed oil so immediately your your product. Profitability of these companies has been effectively decimated because the cost of what they're producing has just fallen by thirty percent ships for the Guinness for information and educational purposes on. That isn't financial advice. And you shouldn't via Cellini investments based on what you put any opinion or commentary is the view of the speaker on the beginning. This podcast doesn't replace professional advice regarding personal financial needs circumstances. Oh Karen situation thanks to Christopher SUE MOSS FOR MUSIC PRODUCTION WITH THAT SPECIAL CURRICULA SHIPS FLAVOR REMEMBER. Musical wise flows even when the money went.

US Rub Gilmore Russia Your House Warren Buffett Australia ASX Mr Market GMC Tom Roy Australian Stock Exchange Corona Vars China Shell Oil Company Tony Elliott prostitution
Fight To Slow Climate Change Produces New Wave Of British Activists

Environment: NPR

04:46 min | 1 year ago

Fight To Slow Climate Change Produces New Wave Of British Activists

"This message comes from NPR sponsor xfinity some things are slow like a snail races other things are fast like xfinity X. by get fast speeds even when everyone is online working to make WIFI simple easy awesome more at xfinity dot com restrictions apply mm-hmm when she superglued her hand to an office window at the Shell Oil Company in London and then joined extinction rebellion didn't have quite enough of these tactics have put extinction rebellion on the map and the town a little children they deserve to come into a world that is full of nature and it is apparent that that may not be unless we act to make huge changes now so last year hustle Popolo S- join her local environmental group in Stroud Abo- he-man town tucked into the Rolling Hills and answers to block major streets in the British capital Mommy's really disappointed and unless okay they see London the founders are moms and dads from the English town of strout and Paris Joanna Kakissis went to meet them any no hassle Popolo Fidel's of the caught swabs in the south of England the group extinction rebellion changed her. I'm a rebel I may tree sister I am an this is not your usual rule breaker she's forty one the stopped spoken daughter of immigrants and she used to be a marketing director power lynching in suits not how latter of life and our earth is dying our earth is we die is just really is that simple even scared enough he says to get out of his truck and onto the streets to protest Joanna Kakissis NPR news in the English town of Stroud the fight to slow climate change has produced a whole new wave of activists in one of those groups extinction rebellion begins a fresh round of protests today in Taika and in extinction rebellion that means getting arrested as a which is what happened the hassle buffaloes in April I'm well my name's David Lambeth Bram well one of the groups co-founders is a bearded outdoorsman. I've just been noticing the steady drip as life is draining from his country vanish from the valleys it's all going and because we leading such busy lives we are just not noticing how faucets going Lambert told Sinclair has marched with extinction rebellion in Lund mafia-style visitation was I've never seen so many white middle-class people in one place at one time stroud as well artists Klay Sinclair who is originally from New Zealand and runs a gallery here says even the buskers feel the spotlight the United States it's original members meat star anise a vegetarian cafe in sprout so my name is ski no Roth aw on Simon Extinction rebellion was founded last year in an activist living room in stroud it now claims to have affiliates and more than fifty countries include ourselves include us off to each other how did you yourselves to each other just all hands we see quickly when we feel they'd like us to have this incredibly vibrant dorm chorus and that's becoming a trickle these days and that that breaks hawking up each morning we're seeing insect life then also realized that the white middle class people of course Climate Change Truck Drivers Spencer Alice pushes his daughter Stroller path sinclair shop he agrees that he has it'll it'll be sausage in the moment are tuned in I could see it this is hit me like a custodial hit me straight in my heart Geena rapport is a local councillor she convinced the others here to chain themselves to the home of Jeremy Corbyn Britain's main opposition politician we landscaper who's in charge of the group's media I'm as guilty as anyone of denial so forty years of thinking it sounds pretty bad but hundred percent on fifty or not fifty people whose two kids undertand the planet is changing and there is a lot of heat up I'm with scattered seen many people of color like himself and extinction rebellions UK chapters. He's also been stuck in the traffic caused by their blockades or get while doing it.

Paris Joanna Kakissis Stroud Popolo Fidel Stroud Abo Klay Sinclair David Lambeth Bram Spencer Alice London NPR Joanna Kakissis Shell Oil Company Rolling Hills marketing director strout Lund mafia-style Jeremy Corbyn Britain Taika New Zealand
ICYMI - Mary Frances Berry on "History Teaches Us to Resist" and the Power of Protest

The Daily Show with Trevor Noah: Ears Edition

09:40 min | 1 year ago

ICYMI - Mary Frances Berry on "History Teaches Us to Resist" and the Power of Protest

"You're listening to comedy central. Welcome to the daily show. Thank you, and before we get into the book I just wanted to say. I honestly have met few people who have lived as much life as you have the humane old. No as somebody who all, but they haven't lived. They really haven't because because reading through. Your story truly fascinated me i. mean you know you at the forefront of opposing the war? In Vietnam you were one of the key individuals who fought for the American. Government to impose sanctions on the apartheid government in South Africa you've been fighting for equality in America for a long time. You've been on the front lines and your friend of Dr King's family. If you look at Mlk Day today, and you look at how people will have walked his message and his image, etc, what do you think is the biggest misconception? People have about Dr King the biggest misconception. Is that Martin Luther. King was a dreamer who had a dream every time I go someplace. People say yes. He was a dreamer was always dreaming well. That's because of the speech part that's taken out. Martin Luther, King believed in the right to vote the first speech. He gave in Washington. The prayer pilgrimage, nine, hundred, fifty seven is coming out as it were in Washington was about. If we ever got the vote, everything would change. We'd have justice if we just got the vote. That was even after a year before they had done the boycott the buggery boycott. But over the years as evolved, he saw. Hey, the vote is important and we should get an. He continues to fight for it, but voting by itself isn't GonNa Give Justice and he concluded. That protest is an essential ingredient of politics. You see politicians want to things. They want you to vote for them, and they want to get. Re Get elected and they want you to vote for them, so they can get reelected right those two things they want. But the thing you have to want is to make them do what will give you justice and equality in this country and they won't do that unless you make them do it, but worse. Protest is about Martin Luther. King believed in nonviolence. He learned about it. He believed entity incorrectly believed in it. It was at the center of their lives when I say. Say protest is an essential ingredient politics. I mean nonviolent protest and the book is about the kind of non violent protests. You can engage in which will make change. It will make government officials who you elected actually do what they promised they would do. Isn't that unique? How interesting that they would actually promised to do something and even try to do it. But. The other thing the book is about is how. Every generation. Has To make its own dent in the wall of injustice. Young people have to pass it on. All the movements that I talk about in that book in which I was involved at the center of some of them, it didn't happen overnight. You didn't go out and have one march. They didn't go out and have to marches, and we went on for years until we were able to make change, so young people have to pick up the torch and move forward with it and make their own debt. It takes a long time for it to happen and Martin Luther King stood for all of that. He didn't live long enough. Unfortunately, his life was taken. But in the time that he had with us, he modeled all those things for us. There was another thing he modeled which was. You don't have to be perfect in order to be good. And to have a good message. You don't have to be personally perfect. It order to what you look at what people do in the cause, and what sacrifices they're willing to make, and that doesn't mean that everybody should go out and dad. That's not what I'm talking about. What I'm talking about is. We worked hard to end the draft and we succeeded. I can show you a few read. What's in the book? You will see that? We succeeded when we wanted the Americans with disabilities act passed in the Congress. We use strategies and tactics to make it happen. When protest is keep changing what you do, don't do the same thing over and over and over again. People get tired. If you did the same thing on your show every night, people say. Ask Change it up a few like the team that played Kansas City right yesterday, and they just kept on doing the same thing. Why don't you do something different? Interesting. If you. Want student loan. Forgiven, so you don't have to pay off all right. Whatever it is, you want organized. People mobilize people to do it in a nod valet. Put pressure. You have to make politicians do stuff. Do you think that climate change them? Do Do you think than our generation has become complacent in thinking that a moment of giant protest counts as the duration of protests because in the book. Book you talk about how for instance with the Apartheid Movement anti-apartheid movement? It took two years for you to get the American government to do something, so I think our generation goes. We have a big march. It trended on twitter and now we're done, and we think that's enough. Whereas it's supposed to be an ongoing affair twitter, putting something out on twitter is not a movement. You can inform people through twitter is very useful that facebook. They're all useful. That also be kept under surveillance by the people watching you. Why you're doing it, but you have to what I learned over time and Martin was an exemplar that you have to be present in the moment you have to do something yourself. You have to be there. You have to put your body on the line. To be willing to go to jail. Have to be willing to say here I stand, and you will go further because I have moral authority in what I'm doing, so use any kind of media for communication and get in touch and stay in touch all the we used to use McGrath machines and get all of our fingers, and all of that and the rest of it, but you can make change, so the lesson of all this is in this book is if you read it if there's a change you want, have made sure vote. It's an election year. But don't just vote and then go home and say all right. I did it now. Four years from now I'll come back and do it again. That won't get US anywhere. That won't end inequality, and that won't change. US and get justice in this country if you could organize. If you could organize a protest today. That would last until it got the results that needed. What would you say is the most pressing issue I know there are many, but what would you say right? Now would be the most pressing issue that you think. People need to protest for climate change. Because climate change. Affects all of us. Without, regard to race class, or whatever is, we may not understand that it does, but it does so I would do it in a way to try to explain to people, not just the morality of it. But how their lives are in danger in the lives of their children and so on fine messaging. That would help to do that. And the messaging takes time for the anti-apartheid movement the Steering Committee on that Movement, which was successful, met every day at my house in the morning for year and a half. And had protesters out every single day going to jail? We all went to jail multiple times. We boycotted Shell Oil Company, we we did. We made people stop buying Krugerrands when they didn't even know what. Were before. We got no help to get Nelson out of jail and Oh. was that a great day when it happened? And so it takes hard work, it takes thought it takes using creativity and imagination about how to get the public's attention. We had marches, but when we had marches, we head celebrities. People who folkestone knew about Paul Newman you guys never heard of him. He was an actor. People like that WHO are out there? Right doing it so in fact you can. If I were doing it, I would sit down and you could. If anybody wants to start, read the book and come to my house, and we'll sit there for another year and a half going out every day mobilizing people figuring out what to do. Sounds like a plan. Thank you so much for being on the show. Wonderful having you especially today. Teaches us to is available now. Dr Mary Barra. Everybody. The Daily Show Kurbanov Yours Additional Watch the show weeknights at eleven ten Central Comedy Central and comedy central. Watch episodes and videos at the daily show dot com follow us on facebook, twitter and instagram and subscribe to the feeling. Show on Youtube exclusive content and more. This has been a comedy central podcast.

Martin Luther King Martin Luther twitter facebook South Africa Washington Vietnam America Apartheid Movement American government US Youtube Dr Mary Barra Martin Shell Oil Company Congress Paul Newman Kansas City
How A Small English Town Spurred The Group That's Reshaping Global Climate Protests

Environment: NPR

04:46 min | 1 year ago

How A Small English Town Spurred The Group That's Reshaping Global Climate Protests

"This message comes from NPR sponsor xfinity some things are slow like a snail races other things are fast like xfinity X. by get fast speeds even when everyone is online working to make WIFI simple easy awesome more at xfinity Dot com restrictions apply mm-hmm didn't have quite enough of these tactics have put extinction rebellion on the map and the town when she superglued her hand to an office window at the Shell Oil Company in London and then joined extinction rebellion extinction rebellion was founded last year in an activist living room in stroud it now claims to have affiliates and more than fifty countries include vanish from the valleys it's all going and because we leading such busy lives we are just not noticing how faucets going Lambert a little children they deserve to come into a world that is full of nature and it is apparent that that may not be unless we act Fidel's of the caught swabs in the south of England the group extinction rebellion changed her. I'm a rebel I may tree sister I am an stroud as well artists Klay Sinclair who is originally from New Zealand and runs a gallery here says even the buskers feel the spotlight. I'm well my name's David Lambeth Bram well one of the groups co-founders is a bearded outdoorsman I've just been noticing the steady drip as life is draining from his country to make huge changes now so last year hustle Popolo S- join her local environmental group in Stroud Abo- he-man town tucked into the Rolling Hills and answers to block major streets in the British capital Mommy's really disappointed and unless okay they see London the founders are moms and dads from the English town of strout and Paris Joanna Kakissis went to meet them any no hassle Popolo this is not your usual rule breaker she's forty one the stopped spoken daughter of immigrants and she used to be a marketing director power lynching in suits not how geena rapport is a local councillor. She convinced the others here to chain themselves to the home of Jeremy Corbyn Britain's main opposition politician we landscaper who's in charge of the group's media I'm as guilty as anyone of denial so forty years of thinking it sounds pretty bad but latter of life and our earth is dying our earth is we die is just really is that simple even scared enough he says to get out of his truck and onto the streets to protest Joanna Kakissis NPR news in the English town of Stroud ourselves include us off to each other how did you yourselves to each other just all hands we see quickly when we feel Taika and in extinction rebellion that means getting arrested as a which is what happened the hassle buffaloes in April seen many people of color like himself and extinction rebellions UK chapters. He's also been stuck in the traffic caused by their blockades or get while doing it then also realized that the white middle class people of course Climate Change Truck Drivers Spencer Alice pushes his daughter Stroller path sinclair shop he agrees that he has the fight to slow climate change has produced a whole new wave of activists in one of those groups extinction rebellion begins a fresh round of protests today in it'll it'll be sausage in the moment are tuned in I could see it this is hit me like a custodial hit me straight in my heart they'd like us to have this incredibly vibrant dorm chorus and that's becoming a trickle these days and that that breaks hawking

stroud Taika Popolo Spencer Alice David Lambeth Bram Klay Sinclair London Stroud Abo NPR Shell Oil Company Jeremy Corbyn Britain New Zealand Joanna Kakissis Paris Joanna Kakissis Fidel Lambert geena rapport UK
Open Skies. Open Faces. This Is Texas. | AM Show

The Michael Berry Show

1:46:27 hr | 5 months ago

Open Skies. Open Faces. This Is Texas. | AM Show

"It's that time time. Mocking load full. Michael very show is on the air fox. Twenty six has really done a great job on this story of what's going on in the greater houston area in harris county where the district attorney and the courts are leading rapists murderers burglars robbers the houston police department arrests them and they let him go on a pr bond. Okay we sorry we bothered you to come down here. Now come back in a few months. Okay pinky swear and in the meantime they go commit more and more crimes man. Free on multiple bonds has them revoked but then he still freed for some reason and murders his grandmother and a teenage relative in another unrelated case of a teenager. Free on eleven bonds. He's arrested for a string of armed robberies. Gosh it's almost like there're some bad guys that when you catch them yada put them away because if you put them back out on the streets. They continue to do exactly that credit here to randi wallace. Who's done a wonderful job on this series from fox twenty-six last july thirty five derek as multiple bonds revoked after picking up new criminal charges. That's what's supposed to happen but for some unknown reason hayes is bond was reinstated last november. That decision cost a grandmother and a fifteen year old boy their life no fans or buts on march. Second hayes was charged with murdering his relatives. Seventy one old carmen. Hayes and fifteen year old. Sandra price they are the ninety eight and ninety. Nine harris. county residents killed allegedly by defendants free from jail on multiple bonds. And it's something that we should be outraged about and it's something that i am so grateful that you're bringing the attention of this community not that you. Jose perez is a first for our breaking bond series. I have never ever seen until jose perez came along. Someone would double digit bonds and at eleven. Why is a person on eleven bonds is going around robbing people. The only person who can answer that one is two hundred thirtieth criminal district court. Judge chris morton seen here in a youtube video and you would think enough is enough. You would think that the court would say you know what mister peres. This bond thing just ain't working on march second and march third friendswood. Police say peres. Rob this circle k. At fifty ninety-one fm twenty-three fifty-one. They say he also wrote this. Chevron at fifty four fifty fm twenty-three fifty one houston police. Say res- rob this cindy's novelty store at eighteen to hundred one gulf freeway on more second all the robberies or at gunpoint. We have now got members. Judiciary that are absolutely not carrying about victims. Aren't caring about speedy. Trials aren't carrying about justice. And i'm not sure what they're caring about because what they're doing is getting people killed and people victimized and that's something we should all be concerned about tonight. Jose perez is finally in jail with no way to bond out. Judge chris morton. We've asked repeatedly in the past to talk to you. We'd love to hear your side of this. How long would it take. If the district attorney and literally every judge on the harris county judiciary one hundred percent of criminals that were brought down by the houston police department. If one hundred percent of them they turned him loose. How long would it take. How many crimes would have to be committed because the first three four hundred were probably there. Now there's so many other things to think about so many other problems to deal with that nobody would really bring to bear s just as right-wing talk show hosts and fox twenty six and we got other stuff to worry about long as we keep talking about masks and lockdowns and kovin. Maybe we can keep the people distracted. Add to this the fact that now we have a serious problem on. Our border congressman. Michael mccall member of the homeland. Security committee warns. They've been briefed by this summer. We could see more than a million illegal aliens trying to enter the us. It says right now. It's easier to enter the us then to get a tour of the us capital president biden wants says he wants us to be humane. He's actually created humanitarian crisis. These poor children get trafficked all the way up the dangerous route and now they don't have enough detention space to put them in. And then you got the cova crisis down. There was well. I think they have created this biden border crisis. They need to fix it. Yeah i mean. It's pretty remarkable. When you think about it that we've created a situation where you're not allowed to fly into the country on an airplane with co of it you have to be tested everywhere right. In every entry point of the country you have to be tested have some documentation except that one section of the southern border. Where if you wanna walk across with covid you can. How does that make any sense. It makes no sense at all. And i think it's it's not only threat to these. These children are being exploited and they know the laws in our country but it's also a threat to americans of this population coming in and biden has cut off these agreements with mexico central america where they'd have to stay in mexico to apply for asylum. And i've seen this before. Martha i predict this and by summer you're going to see is my governor. Just said probably somewhere around a million people trying to get into this country illegally. And as i said before it's ironic that you can get into this country illegally easier. The you get a tour this capital right behind. The customs and border protection in. Arizona is so overwhelmed they have been forced to shut down three highway checkpoints because they need all the manpower to deal with the huge influx of illegals at the border the agency is shutting down three checkpoints in wilcox arizona until further notice as personnel are being used instead to deal with the influx of illegals at the border c. P said in a statement to fox quote tucson sector has redirected manpower based on operational needs in response to shifting traffic traffic patterns resulting in the closure of several tactical checkpoints in southeastern arizona. The move removes the checkpoints entirely in order to free up additional manpower to deal with these shifting. Migrant patterns see bp is released Central released their numbers for the month of february sometime today and it is expected to show more than one hundred thousand apprehensions. Now you'll remember what's happening here biden. Said if you get here before the first hundred days who make you a citizen. The apprehensions are through the roof. Three times as many children unaccompanied minors. The numbers are back to the obama. Administration it turns out you say. Come one come all and they do. Gas prices at the pump are spiking former shell. Ceo says that the client climate policies. The biden administration are contributing. Will talk to him about that. Coming up next the michael berry. Show one of my favorite guests over the years. John hofmeister former president shell oil company. You often see him on the national news being quoted on energy policy. And i think he's forgotten more about energy policy. Certainly than i'll ever know. John hofmeister is our guest. You were quoted on fox business last week and it's getting a lot of attention saying that joe biden's climate policies are offsetting the effects of the global oil market because they're hampering domestic production and to quote you. The reason gasoline is coming back up as we've been in a shutdown period for many of the refineries and so that puts a squeeze on what's available in terms of final product. There's something else that's going on. It's more subtle. What that is is that the industry the producers are practicing serious capital discipline and they're not roaring back to produce more oil and that they're getting squeezed by the administration and that that is going to hurt us at the pumps going to hurt the consumer. Is that a fair assessment of your comment. Yes that's sounds like a quote should should we expect to see more of that. And what does that do for consumers at the pump. Well the next six months to a year if we continue on the current course or not going to be kind to the consumer and we better get ready for a three number on the not too distant future. Here's the problem. It's twofold one during the During the period of coded the oil industry has taken a real beating on share prices because frankly the demand dropped so much in. The price dropped so much that the companies aren't making money in order to satisfy their shareholders that they're running their companies with discipline and with accountability on profitability. They're not going to invest as much capital as they otherwise could to take advantage of growing demand as we come out from under coded and so it's gonna make poor production to be a bit scares in terms of production increase. It's not that we're going to run out of oil. I'm not worried about that. It's just that we're going to have squeeze on supply versus demand as people come out from under kobe. They're gonna wanna get back in their cars. Go where they wanna go. Go to the airport. Get on a plane. And so the just the normal demand for fuel is going to increase. The second thing that's happening is that the biden administration is putting the clamps down on the oil and gas industry. Just like we saw in the obama administration in the first term as they review the policies of the previous administration. So they shut down new leasing. They threatened fracking. they threaten access to federal lands. And that's put a chill on the producers taking the normal risks that they would take which adds to the squeeze on supply. Then if i could. There's a third factor. The third factor is the biden administration. Just gotta shot across the bows from saudi arabia and russia as the opec meeting last week decided not to increase production in response to demand of global growth of oil demand and the shot across the bows is. Everybody expected they that they would be a one and a half to two million barrels. A day increase in global oil production. But they said no we're going to defer and i. I've said that the reason they're deferring is in my view. They are just saying that abided administration you want to be hostile to the oil industry. Well here's your return on. Your stability prices are going up for the citizens of your country. Full stop Don't underestimate the russians of the saudis. Not looking after their best they will always work for their own. Best interest so we're in a period of rising prices. Michael and you look at what other commodity prices are doing copper. Would you natural gas spiked there for a bit. And there's already inflationary pressure when you increase the cost of of energy to the end user. That's just one more of those triggers that that sets off potential inflationary pressures and that's going to be that's going to be a real problem for biden as it was for jimmy carter. Yes yes. but but don't underestimate the shareholder pressure on the oil and gas companies to show some respect for the for the. Because it's been bad it's been really bad and and so gerald is deserve a return on their investment as they always have and so the capital discipline. That's gonna stop people from announcing big new projects And and and. But here's here's a here's here's a pop. Uncompleted wells across the oil patch is very high. It's many thousands of wells have been drilled. But they're not completed so it's not like we're not gonna have access to new oil anytime soon. That's new oil that hasn't been been produced. So there's we're not going to run out but with but it will get a little dicey on the price side when you talk about capital discipline the especially these public companies. They're they're sitting on cash. They just keep that cash on the sidelines of mean how do they. How do we offer their dividends. How do they get a return on their investment. If they're not putting it to use well a lot of them have cut back their dividends and before they start spending more capital. They're gonna find a way to reinstate the dividend and natalie us up the cash that they've got sitting there but yes there it's inevitable that there will be more cash coming in because of the rising price for finished products and and eventually capital will increase unless the government has really made it very difficult to get new leases new permits and that. That's the case we know yet. Who's running the energy story inside the new administration I've known biden for a long time. I don't think it's him personally. It's deciding this and there are Whether it's the energy secretary whether it's a you know some of the Climate group in there or just who. But i mean they've taken a reasonable position to just slow everything down while they study at. I understand that. But i do worry that. There's an ominous ceiling among those of us in the oil world that this could go on and go along and go on and that would be bad for consumers. Does this become an industry. That the smart money moves away from No not not the long-term smart money we're gonna have oil and gas for decades to come. There's no alternative. It's eighty percent of the energy supply to the nation and those people who want to keep it in the ground who wanna shut it down. Treat it like tobacco or treat it like coal. They don't understand how oil permeates the economy of the nation and the world. It's in our fabrics. It's in our food processing. It's in the fertilizers that grow our food. I mean it's just it per already and there's no alternative to it. May people talk wind and solar. I'm all in favor of wind and solar and it shall we had wind and solar even back in my day and so but but wind and solar don't the density of oil and gas in terms of providing you know the energy we need plus wind and solar do nothing to fill. The gas tank is just not the same kind of energy. It's not liquid it's electrons and so there's going to be a transition. I'm all in favor of an energy transition. Because i think of michael is we love new technology in this world and and and americans in particular love new technology so the electrification of cars is technology. Change which people love and there's gonna be more of it but that's not the end of oil. You can't put a battery in an airplane. You can't put a battery in an not yet anyway. In in a long distance class eight truck that goes across the country In in two or three days and so there's all kinds of applications that we're going to need oil and gas for years and years and years to come john. Can you hold with me for just a moment. Sure john hofmeister is the former president of shell. Oil and now is involved as the founder and chief executive of citizens for affordable energy. We'll ask him about texas power grid and what happened coming up. Sky duck king of dating and this other guy michael berry News former president of shell. John hofmeister is our guest john. I'm sure you have some thoughts on what happened with the collapse of the texas power grid. Well it's inexcusable. And it was all human driven starting with the last three governors of this state and every legislature in between they have abandoned the texas consumer when it comes to the needs for grid power and grid electricity. From my point of view since george w bush was governor and was convinced by people like ken lay and jeff skilling from on to turn to darwinian capitalism in the running of the power grid of texas. I mean think the second most populous state in the nation with a darwinian system where everybody from the generator to the distributor to the independent retailer. Everybody's out to make money. But nobody is accountable to the consumer and the officials that run this state who make the laws that put in place the structure of the utility industry and the essential nature of the grid Just i they just walked away. They decide what should they have done. What would have been the better approach. Well look around with other states are doing and see how others are managing it with all kinds of weather variations and and understand and also the independence of urquhot independent where texas has cut off from the rest of the nation. In terms of linking up no other state is independent in that regard so this fierce independence in in in what is a communist basically a communist society that depends on each other and i think the separation between the generators and distributors was just too much they don't have common interests should be the end user customer. That's what grids are for to take care of the end user stemmer and this notion of not whether is ink facilities and the and the legislature and the governor's did nothing about whether rising i mean come on what who's who's head needs to be examined here it's not urquhot and it's not the puc. That's at fault here. I think it's the higher officials who are not taking accountability. And that's disturbing to me. But john somebody has to wear that cost of winterizing right and these were sort of record lows. You've got to pass that off. It's sort of like everybody wishes that bought insurance once. They're in the crash but people don't wanna do it ahead of time to what extent was the marketplace willing to pay for something that was a very low risk incident. Well i think if that the rules have been set in place twenty years ago when we deregulated so so savage. Like i think people would have done. They were required to do the thing about. Companies companies are basically compliant. They will do what they are required to do and consumers yes ultimately they'll pay for that winterisation but if you space it out over time and you have an expectation that you know. The the priscilla's needs to be robust between this temperature. Extreme and the other temperature extreme engineers know how plan for that utilities. Don't shut down in minnesota or north dakota because it's cold outside and the wind towers. Don't shut down in those states because it's cold outside a lot colder there than it is here so i just think it's a failure of leadership. Michael let me ask you for the voters to to let me ask you about the diversity of win energy capacity and energy transmission. One of the things that's been talked about is decreasing the reliance on natural gas and the fossil based fuels and increasing reliance on wind which we know went down and why we don't have more nuclear. What's your thought on the what should be in our toolbox of power generation. Well it's good to have a diverse set of supply for all kinds of reasons And it takes advantage as i said earlier with technology and as technology evolves. We wanna take advantage of that but the base case really should be robust nuclear because of the density of the energy supply the reliability of nuclear the cost of nuclear. I mean there's ways to do nuclear much less expensively than we've done it in the united states with the big big nuclear reactors and i think technology will change that over time so i look at nuclear at twenty to twenty five percent than a minimum. And we're not there in texas. We only have. What a couple of nuclear reactors i think gas and And natural gas. It should be a big winner for thirty thirty. Plus percent wind solar. Yeah let's let's move towards twenty percent but here's the here's the rub when we do wind and solar we have to provide storage capability. We have to have big battery sets to pick up the gap when the intermittent sets in when the wind stops blowing or the sun shot. Stop shining so you can't. I don't think you wanna go much above twenty percent on wind and solar unless you're willing to pay for an awful lot of storage capacity and that was pleased to see tesla is putting in a battery set down in angleton. That's a good start start. And that was my set of questions for the next segment. And i'm gonna go. I'm to get to it but let's go back to nuclear gaza. Just look at what would be the best thing to do. The engineers and scientists all talk about nuclear. To what extent are we irrationally. Afraid of nuclear because of fukushima chernobyl and three mile island i think there are worries. But you know there haven't been massive deaths as a consequence of those And in fact three mile island there were no deaths. There was some depth sensor. Noble tokushima was What is still a problem. A big problem and that was the but a- ironically all three incidences where men made incidents in the two desktop fukushima. Were were drownings. Weren't nuclear anyway. Right there was a soon nami coming along. I just find a bigger thing. That a lotta guys like you that look at this from more of a scientific basis a little more Right brain i guess would be the term say nuclear nuclear nuclear. But you can't get anyone to say that publicly In the political world because there is such a fear of that word and and explosions. And i don't know that the chernobyl film helped that issue either with us for one more segment i wanted to ask you about tesla and i wanna ask you about the likelihood you starting to see more. And more of these tesla panel advertisements. Coming up along. Mosque is a great marketer. Is that where we're heading to. What extent will that be a major source. How many how many people will have that in their households and what you expect out of electric cars coming up with john. Puff meister former president. Show racing that i get from the show that i don't seem to get from other places michael berry show. It's no unmet. Your door's always open lender pad this free to all john hofmeister former president of aac shells is our guest john. My financial adviser is a nut for elon. Musk and has been following his career for years and he told me years ago. He's look elon. Musk is not really about the car. Business the cars are just a way to demonstrate that he has a battery technology and to get those batteries in our homes. How realistic is it. I'm seeing more. And more of the tesla ads of people powering. Some percentage or all of their domestic energy needs their household residential. Energy needs with these panels. Yes well i think that the brilliance of eline. Musk says technologies love for technology. And whether it's boring business underground boring tunnels or whether it's space x or whether it's the tesla vehicle or the solar panels. He loves technology and he's good thoughtful. Technologist what there is for the future is the you know. The electrification of everything is probably unstoppable because electricity is so direct and so usable and it can be so you know so so affordable as well and so whether it's the the batteries that are being used for storage to take pick up the intermittently of wind and solar or here's another one hydrogen fuel cell technology which has doesn't any elon. Musk doesn't appreciate but the the ability to power your house with the kind of battery off grid battery power which you get from the grid and just to maintain your own capability for an extended period. That's the beauty of battery. The again an extended period in the event of an outage. So i i think there's a market there and i think with time people are going gonna look and see. How do they secure their home. 'cause the more we go to intermittent see the more blackouts we're going to have it may be short blackout could be a long blackout but this this notion of the intermittent energy source as the primary source and some politicians are pushing that in fact the whole climate movement is pushing wind and solar. Look you start getting about thirty wind and solar and that's your dependence. You're going to have a lot more blackouts or brownouts and so you'd better have some security in your house. That's what the panels represent security in the home but when we talk about solar and you look at elon musk's solar city of his platforms that does not appear to be the most successful which is still high bar but it looks like he's using the other entities to subsidize that it. I'm still struggling with solar as a soon as a stable energy source because it doesn't appear to be able to keep up with the traditional fossil fuels. One of the reasons that. When i was at shell we bailed out of solar Because it's it's it's not really robust technology to until we get something. We need a breakthrough on solar when you wanna get twenty percent efficiency out of a source of energy which is really high end. Solar twenty percent a lot of solar all particularly the the silicon. The photo of attack Particularly the chinese stuff. It's down around ten twelve fourteen percent. That's not very good efficiency. And so you pour a lot of money into a solar set you decorate your roof for your backyard with solar panels. You're not really getting a whole lot of energy out of it. And i think we need. We don't have yet the technological breakthrough that takes it up to say high thirties. Percent fifty percent would be much better. Because that's what you got a fossil energies you get fifty percent energy efficiency nuclear you get even more. Which is why it's so popular with as you say the scientific crowd. What are you bullish on as the up and coming or the next big energy trend i think i. It's a good question. And i as you may know. I'm on the university of houston energy advisory panel and. We just had a meeting our winter meeting on monday. And this is all of the experts across the industry. And if you take sarah week from the week before you take the u. of h. energy advisory council and you. But what do you hear coming out of what you hear is a tremendous movement toward hydrogen as an energy carrier which can be turned into electrons and it can ultimately be turned into liquid fuels upgrading. And it's costly. So we need some breakthroughs on cost of hydrogen. Hydrogen comes from water or it comes from natural gas. There's a green hydrogen a blue hydrogen. Green hydrogen comes from water blue hydrogen from natural gas that's the common parlance but hydrogen is something we've avoided because we don't fully understand its capability but that's the big movement. I think over the next and this is not short term. The next ten twenty thirty years we're going to see the big energy companies which understand the chemistry of hydrogen. And that's a big deal. The chemistry of hydrogen. They're going to be making major inroads for both decarbonization purposes and also for energy supply purposes to figure out how to take best advantage of that nuclear is always going to have the problem nuclear waste and we are fearful of nuclear waste. That's why we're holding back. We don't have a solution for nuclear waste that we did george w bush his administration Started the licensing of yucca mountain in nevada to store nuclear waste but obama. Shut it down. When harry reid said i don't want this facility in my state after spending twenty billion dollars to what extent is the marketplace going to find the solution for our energy needs based on the ability to make money off of it and to what extent is going to require governmental injection and subsidy into the infrastructure. Because it concerns me when you look at the obama administration supposed- investment into things like celinda and their attempts to drive innovation through through battery technology. And it doesn't seem that they make the best choices and yet it doesn't feel that the marketplace is rewarding the most efficient because of the huge up. The huge front cost got about a minute and a half in the second. The politicians are driven by a different factor than are the the the the the markets. The markets are driven by science supply and demand and technology. The politicians are driven by. What do i have to say to get elected. The politicians don't understand energy. They can't have a conversation about energy. i level knowledge. It's only what somebody has told them about energy and they choose what they think is popular. Make it sound good. The politicians deciding the future event in texas from the politicians in texas on the grid. Very happy as you know about that. But they cannot determine the future of energy markets technology supply and demand will determine the future of markets. That's why the diversity of supply is so important. Let the markets decide what they like. That's why the availability of products whether it's gasoline from oil or gasoline and ethanol from biomass. Whatever the the markets are to their role as enablers they should be enablers. Not determiners enablers put in place. The incentives the ideas that can get funded the the they they up possibilities. That's the role of politicians. As i see it not determiners of fact and you will have this much solar. You will have this much wind. And so i think we we've got an imbalance right now with too many politicians thinking. They know too much which they don't know trump or a great guest. Thank you for spending time with some police. come back and see us did stat. Time time time mocking load michael berry show is on the air phone calls from the people on the aforementioned conversation problems in people that have some things to say seven three two one two five eight seven four seven one three two one two five eight seven four while we do that. John hofmeister mentioned the state of nevada and the power. That was wielded by harry reid as senate majority leader. Harry reid is an old fashioned machine. Politician guys like that. Get their people installed at every level of government that way when somebody needs a parking ticket fixed. They've got their guy as head of the parking administration. They've got their guys daughter. Getting hired to be the secretary to the chief of police. The fire chief that this. It's all about the machine and you build your network like a multilevel marketing machine. Well harry reid still has incredible influence in nevada arguably he still runs a state which is why. What's just happened is very interesting. The entire staff of nevada's state democrat party quits after the democrats socialist won the big seat after democrats socialist judith. Whitmer won the election to become the chair of the nevada state democrat party. She got an email from the party's executive director. Alana amounts mount said she along with every other party employees quitting on march sixth a coalition of progressive candidates backed by the local chapter of the democrat socialists of america. Dsa took over the leadership of the state democrat party in nevada sweeping all five party leadership positions in a contested election. The intercept that quote the establishment had prepared for the loss having recently moved four hundred fifty thousand dollars out of the party's coffers and into the democrat senatorial campaign committee's account the s. Cc will put the money toward the twenty twenty two re election bid of senator catherine cortez masto a vulnerable first term democrat the battle the insurgent progressive wing of the party and what's known in nevada as the read machine a tightly run operation still guided by former senate majority leader harry. Reid began about five years ago. When vermont senator bernie sanders organized support for his two thousand sixteen presidential primary run while read was working behind the scenes to help bernie sanders opponent. Hillary clinton over the next four years outside organizations like dsa exploded in size and strength the sanders campaign focused on organizing tens of thousands of young latino voters in the state with the goal of activating people whom the party hadn't bothered with before and it worked in the twenty twenty election cycle after investing heavily in nevada bernie sanders won a commanding victory in. The nevada caucuses when the sanders campaign ended. The organizers behind it were ready to take their project to the next level progressive groups like the clark county left caucus of which whitmer was the chair and local. Dsa chapters had been organizing for bernie sanders across nevada since twenty sixteen. They used their momentum and the state level delegates they picked up during the caucuses to continue activating progressive pockets in the state with the focus on local office. Progressives led by the left caucus won a majority on the state democrat board this past summer. A sign that their momentum was growing even without a candidate at the top of the democrat ticket to get behind the mass exodus of party staff. Despite the rhetoric around unity was not a shock. Whitten whitmer told the intercept. We weren't really surprised in that we were prepared for it. She said but what hit us. By surprise and was sort of shocking. Is that for a slate that claimed they were all about unity and kept this false narrative of division going on throughout the entire campaign. In fact they kept intensifying it. That's what was surprising about. it was the willingness to just walk away instead of working with us. So what you have here is the alexandria ocasio cortez bernie sanders wing of the democrat. Party has now taken over the state democrat party in nevada and the old land establishment walking away and taking the cash and putting it into another account that they can control because they have one of their candidates up for the senate in twenty twenty two. And they're worried that the progressives might run someone against her or not sufficiently support her. The media is not covering this but trust me. Bring this but trust me. This is the storyline in american politics today. The old clinton democrat party that biden came from the moderate somewhat middle of the road democrat party. That party has now been taken over or is big is under attack from the far left. Progressive wing. They know they can't win. Elections without the foot soldiers and all of the energy is in the young progressives. that's the university students. that's the university presidents. that's black lives matter that's antiga. that's the really violent wing radical wing. And so that's why you're getting. You're getting joe biden. A guy who throughout his career was a moderate and his administration has lurched so far to the left it would be unrecognizable to the joe biden of the eighties. This is no longer hillary clinton or bill clinton's party. This is no longer. The party of moderation triangulation working class voters. This is a party that looks like a venezuelan or or well it looks like a venezuelan labor party. It looks like a castro regime. Type party it is heavy. Redistribution heavy emphasis on public health public education. They control which becomes the means of indoctrination. This is an or a military militarization of the political process. Look at what's going on in dc right now. This is a very command and control. Far left political philosophy that is now working within the democrat party to take over that party and it puts a great deal of pressure on the joe biden types on the hillary clinton types on the bill clinton types the terry mcauliffe types because those folks want to appear john kerry as if they are moderate. They're not crazy. They're not wacky. But they can't tamp down. This portion of their base in this group is no longer willing to support the candidate. Who can win the al gore. The john kerry the bill clinton john edwards. The hillary clinton the joe biden they want control. And it's going to push a lot of working class. Americans not just working class whites anymore. It is creating a situation for the republican party to pick up a populist. Vote to pick up a working class vote it creates a great opportunity for republicans can't believe he just said that happens. The michael berry show la for so long and the wizard stronger take it became. Man bam saba bill. My world around dog this love thirty three years ago today thirty years old heartfelt object registers can three number one hits in the late seventies in the music business. they call the uncanny ability of family members to harmonize in a way that no one else can as a blood harmony. If you ever listened to andy github coming into the band when they were launching him and singing with the band and then he goes off on his own solo career. It is as if he's been within the entire. It's incredible i learned that. Podcast david ellen. Coast son his name. Tyler mayhem co and he does an entire podcast on the leuven brothers and blood harmony. And how you'd never is it's weird. How how the give you tingles how that works for something about it. Just something about it. So stock to market so trump during the break and he goes every year at the turn of the calendar to this facility in florida. Where they as he says they take him apart and put them back together and they're professional athletes. Who go there. But they asked him to go there. When lone survivor came out. They asked him to come there and spend a month with them and to do that every year and he does but when you hear him tell why he has to go there. My boys had met marcus luttrell before they saw the movie lone survivor but when we had them sit down to watch the movie to understand why or understanding what he had been through. It's one of those things that at the end of it because you know who this person is and you know that this isn't marky. Mark is a real person. Lived in willis him and his twin brother sign up to serve. And you know that this this is a guy like a person lives next door to you. Sure maybe he's got a stronger. Spirit may be. He's this may be he's that but this is. This is not a guy who was groomed for this born into this. But i'll never forget. Saying i gotta tell you. I was exhausted at the end of that movie and he said well. The movie was two hours. The battles were thirty. Put that into perspective when you see him fall down the side of a mountain turning over banging busting bashing and you think about what that did no they don't get a break to go lunch or potty. No no no. You're such an idiot but when you think about what that was like you'd think about what his what kind of condition his body was in when they brought him to that village and when they pulled him out of there they didn't know if he was going to survive and the thing about his whole story. That always blows my mind. And i have to remind myself is with all the damage that was done to his body that he still has to go once a year and spend a month in this very intense rehab surgeries all sorts of things. When he came back he went back to ramadi in that condition. Broken busted up screws in every joint. Think about that. And it's also the reminder these gasset go and serve when you send our boys into iraq or afghanistan or somalia or a number of other places and you send them into war and they come home and we have a parade and we cheer we tell him you're a patriot. I admire you and then we go back to our comfortable. Little is they still have to get up off. The couch. still have to get up out of the bed stuff to get up out of a chair. Every time for the rest of their lives and getting old itself is tough enough. Think about what that does to their. Think about the aches and pains these gas. Go through day in day out which is a good reminder. It's absolutely free to any veteran camp. Hope if you know someone who needs to be there if you wonder if your friend is suffering from. Ptsd trust me. They are if you have to wonder they are. Don't call me email me. I'm a bottleneck go directly to camp. Hope eight seven seven seven one seven. Ptsd eight seven seven seven one seven. Ptsd eight seven seven. Seven seven ptsd. Let's get to the phone lines. Dave europe michael way to talk to people and realizing how much they're losing their privacy to quit entities That yesterday and i told i had a show a government. Id to they prepaid package. Fedex When i go to the bank to deposit one hundred bucks in my bank account. I'm told that i have show. Id to put money into my account and it's always a big thing. So they're doing a small ones. And it's only the shippers like fedex and ups do and what they're using the data for is compiling it and if the government wants to track you they're able to find out what you're shipping items to whether it's you know bake cakes or ammunition whatever else be banned They're saying that they're having to track the money. Because the money and It's really not a law on the books. Lot is for ten thousand dollars or more about one hundred dollars. It's it's troubling how quickly people will hand over personal information when there is no reason they need that. There is no good reason for it. I had to go the galleria yesterday. Because i had a purpose that i needed to buy dress clothes and i haven't worn dress clothes in a very long so i go in to buy a pair of shoes and at the shoe store they ask me. He very nonchalantly before we go to complete the purchase his says. And what's your email. But what if literally every person said you're not getting my email. There is no reason. I need to get emails from you. Then they'd stop doing that but they don't. I bought a shirt from a store around the corner from there. And i said to the people. Here's credit card. You're not harvesting any information. No offense. I don't do all that. Just check now. Twenty years ago you made a purchase. You bought the item in low. My assistant who used to to work as a manager at nordstrom told me she said the only reason those people were there is to hit their numbers. And so you get your information for the rewards program and that's everything is designed to mine your information. The michael berry show continues will make you did took the follower of country music hank williams senior was actually banned from the grand ole opry. They don't tell you that today but it's truth he was to return but in one thousand nine hundred seventy nine. James brown appeared at the grand ole opry and he performed your cheating. Heart and james brown did tennessee waltz and he did that other countries standard. Papa's got a brand new bag on the stage at the grand opry. Imagine that jamie in summerville south carolina go ahead birthplaces sweet tea and i'm required by law to make that disclaimer. How did you figure summerville. South carolina is the historic birthplace of sweet tea period. And if anyone has a problem with ad they need to come here and we'll fight about who but who. I made the sweet tea That is a matter for a longer discussion sitting down all over on a long ice called one well but we're talking about putting sugar in tea. It's not like it's an invention that only owns. No no no michael not any self-respecting southerner knows that you don't just put a little bit of sugar to make sweet tea you you know you start with a tall cold glass of g. And you put in A tablespoon of center and a tablespoon sugar and a tablespoon of sugar and the tables and so on and so forth. I'm not sure. I'm i'm i'm not i'm not conceding. That job of the founders of of sweetie but i do see that there is a farmer's market so there's that but go ahead what's Okay so getting back to conversation on energy which i always appreciate your segments on There's a technology that never seems to come up in the conversation. But i have a feeling over the next twenty years it is going to make its presence known and it's actually perfect for the people of texas especially after what happened a couple of weeks ago. It's called space based solar and its technology that in theory and on the drawing board has been around for about twenty to thirty years. The premise was initially that you would have space based solar collectors and a ground based collector and al throw general numbers out. Let's let's call it one mile square. A solar collector one mile square made of the same material on the inside of all of our microwave ovens that receives a very low density energy. That has sent down from this. On orbital platform collecting solar energy and that one square mile collector would generate the electrical aquilla equivalent of about three nuclear reactors. And the beautiful thing about it is That being space based solar You don't have atmospheric concerns to be worried about. You're not worried about storms wind. Rain snow ice cold. It just sends enemy down all the time but kind and mr. Musk and the technologies that he's pursuing. I would venture to say that being a future looking individual. He is probably looking at how to make base base solar available at the residential level. Because if you take that same collector material that was out in the desert a one one square mile collector and now put that on top of your roof tie into a tesla. Solar stevie tesla battery. Bank you now have space based solar directly to the home. Which i think. I think i'd have to you know. Check on the science Is entirely seizable and doable. So we'll have to wait and help me understand what makes space-based seller the the actual collectors are in high orbit And visible directly to solar energy and then that energy that's collected is sent down very low energy beam directly to the ground based collector. And what is the means of transmission. Well draws that. Like i i will. I will not shy away from the term get. The energy frequency is microwave and now the gut reaction of everyone to have the energy level is about the equivalent of standing under the light of a full moon for eight hours. And you're not gonna get sunburned. You're not gonna get roasted. You're not gonna get nuked But the energy density coming down is sufficient to achieve the power levels that are needs. I've never heard that before. It's an amazing technology. And the next time you have either the gentleman from shell or the gentleman that does energy talking points on. Please please ask him about this. You've piqued my interest. I that's that's very interesting. Speaking of space by the way we had a guest arm last night named brandon wichert and he's written a book called winning space and it is about the new frontier of a potentially space-based battlefield and whether the united states should compete in this or not what the consequences could be. He calls it a space-based pearl harbor. If the chinese russians north korean most likely chinese have the capacity to disable our satellite technology for instance and and the biden administration sort of shunning. The space force in why space forces is interesting. You don't have to agree with his conclusions. But he's very well versed in the subject and you might find it interesting. Why president trump pursued the us space worst. That's on the podcast. From last night his name is brandon. White grow show old. an scoring. tidies is so yeary so yesterday i got an email from Different news source. That i follow in the was about a the huffington post and the huffington post laid off forty seven of their one hundred writers which is a good start because all the huffington post does is destroy people's lives and cancel people's careers. So imagine that. While i would normally say i feel sad that these people lost their jobs. Because that's a horrible horrible thing to happen to you. If your job is your an axe murderer. I don't feel bad when you lose your job. I know it makes me an awful person. But just i i recognize these people for what they are and i'm glad to know that the marketplace is not as big as they thought it was for cancelling people's careers. I guess if that makes me a bad person then there you have it. However what i found interesting was the layoffs. The way they handled the lay offs. Were they all had to tune in for zoom meeting and the password for the zoom meeting was spring. Is here now when you have an all employees when you lay off forty seven out of one hundred riders you know this probably gonna be some laos. Hr has been in closed door. Meetings people are being asked for their passwords. Hey can can you. Here's the red flag. Hey can you go through everything you do in a day for mayor if it's not that no big deal. Yeah we're just gonna going to have compile their task list if you had to be replaced. What would you do. So they're going. You know that there are there are indicators. If you're even a little bit aware that they're about to lay some people often you might be one of them so spring is here. Is the kind of password that i imagine the conversation going like this. Because he's a huffington post writers. Oh god blake. Are you tinian to the meeting to zoom eighty. Yeah i think they're gonna lay people off now. There's no way you're gonna last off because the password is spring is hair i mean. How wicked gnarly horrible would that be. If they laid people off in a meeting. That password was spring us hair like they can't do that. that'd be horrible. Well they did and the way you knew if you were laid off or not way you knew you weren't laid off is if by one o'clock you hadn't received an email then you had survived the cut right so i thought about that yesterday in. I even told ramona. And ramon next time. We're not in an interview and we've talked about what most of what we're supposed to talk about. I want to have people call in and tell their horror stories of how they were laid off. I'm fascinated by this stuff and part of the reason i'm fascinated by it. Is it turns out to be one of the worst days of your life. Probably mean if that's the worst life you lived a very good life but because it doesn't compare with burying your child or your parents or your loved ones and you know things like that but it's still a very unpleasant moment and when you're in that moment it feels much worse in time it passes so i went down to talk to chad during the break and i'm walking back and i said you know what we're going to do this segment. We got several calls. I got carol markowitz. She's a columnist for the new york. Post at the at the ten o'clock hour I'm going to have her for one segment. And i'll cut that to one instead of two. We're going to talk about what texas is doing right and covert compared to new york acid. What at ten fifteen. I want to use at least one. Maybe up to three segments to have people tell their horror stories about how they got laid off so that was kind of in my mind. What i was thinking through that we would do for the rest of the show. Come back sit down friend of mine. Nine o'clock this morning. I got laid off. my company. Just had their third reduction in force in the last nine months under the headline my crappy day just got crappier. So i don't know if that was signed that was One of those interesting. I've never been fired. you're fired about. I have never bit. You can knock on wood but we don't have would have never been fired so i have. I have had to fire. I've had to layoff. I've had to have reductions in force to me. A you were fired from houston zoo for. What are you serious to me. It's much harder to lay people off than it is to fire them because if somebody's if you're firing somebody they did something wrong because you were white where you were you went by raymond back then you should have stuck to your original name. Ramon went through a period of time. Where he kinda denied his hispanic city but we brought it back out of him so to me. A layoff is much worse. If you fire somebody like hey you show up drunk everyday or hey you know you use drugs. Hey you spend four hours a day in the tall it. I think you're probably surfing porn or doing something other than working or hey you stole or hey you sexually harassed susie something but when you just go. Hey liz we don't have the money to pay you anymore. You were doing a great job and we wish you the best we really do. But you got no job anymore. That's awful but what i wanna focus on. I'm an interview. Carol markowitz next segment. I want you to be thinking about. Is i want you to think about the absolute most awful thing that happened to you the way that you were fired. It was callous. It was cruel. It was main spirited unthinking. You know we did this several years ago but the spin on it was things you did when you got fired or things you did before you walked away and i will take in. Do you remember what the most surprising thing was. I didn't see this coming. How many people took a poop at the office remember. We had one guy that walked in and just took a big dump on his bosses desk. I would've never thought of man. I've done some things in my life but that never even crossed my mind. There was a lot of. You know. I'm gonna crap one guy Did like that movie the help. He did a crap sandwich. He took a guys lunch out of his lunchbox craft into bread and made a crap sandwich. See my problem with that as you get some of it on ya. I don't want any of it on me. I'm not chuck berry. I mean there's there's far we're talked to carol markowitz clear the phone lines and then we're going to take your call. I want you to rehearse it in your mind so you can get right to it and tell us how you got laid off the horrible awful thing they did but i want to get a lot of calls in so so think through how you gonna tell the story. It's gotta be compelling in quick that time time just lock and load. Michael very show is on the air. The great carol. Markowitz is a columnist for the new york post contributor for spectator usa contributing writer at washington examiner. And all around bom vont. She has been writing over the last year of note to me on for more a personal perspective on what's going on in new york and as the cuomo administration has spiraled out of control. She has been one of the folks that i have looked to for perspective. She's recently written a piece. Entitled texas shows the way on cova rationality carol. We spend a lot of time. Yelling at greg. Grab it as i call him because of his knockdowns and mask mandates which he recently loaded in fact. Today's the day today is the day of the lifting. So maybe we get the good government we we have in texas because we demand so much more. We don't take it for granted. But i thought it'd be nice to get the perspective of a new yorker who have to say. Hey you guys are doing it. Right right Well thank you so much for having me. I always loved being with you Yeah you know. Texas has not been perfect I think florida's going to win the award for best best job during this whole year But texas is a state that like sits freedom and is known for that. And i think texans really demanded from the governor and he is hopefully delivering I think all states are gonna have to be moving in this direction. It just they. Maybe don't realize yet and i'm happy to texas relies it sooner than others. I'm not sure. Greg grab it. Came to his senses on his own was an interesting thing that happened. Cpac had a poll and he came in at zero point zero now to put that into perspective. John casick got zero point. One and mitt. Romney got zero point three that this might seem laughable to you. We know it here. Greg grab is up for reelection next year as governor and he plans to run for president in twenty twenty four. He's trying to build a national profile and rhonda scientists and kristi noem and of course the trumps are are way ahead of him. And now he's got to bolster his conservative credentials. So i think part of this was a way of saying. Hey i want carol markowitz to notice me down here in texas. Because she doesn't he and he's you know i did Again i think that you're absolutely right. That governor disentis or kristi. Noem have done just a far superior job and have Raise their own profiles by just going the right direction and airing on the side of freedom But so funny because obviously obviously i would trade in all of my new york politicians for one greg habit But i liked. The texans are saying okay. He he might be compared to andrew cuomo. But that's not enough for us. Yeah we're very exacting and and we have high standards and you know. I would argue that. We're grab it. The governor in new york. He might look a lot more like cuomo because he has a tendency to read the tea leaves. And say we're the largest group of people. And i'll be for that and so the and that's been a knock on him his entire career he is to the left of the texas electorate. We expect no lockdown and no mask mandate. We got both and you know so. What's funny is outside the state grab. It's being criticized as you know you. Texans your neanderthal thinking i. we're going to liberal for us. Yeah that's amazing It's a really a testament to texans. Maybe i should go become one right. Well you know what you would make. A great texan met by way of. I think russia new york by all those years. You would. you would bring a lot here and you wouldn't bring the baggage of the bad voting speaking of your your also. Your state is excellent at converting I had cousins. I visited texans. Were fairly on the left. came back. Republicans so funny people. Don't come. I'll speak particularly to houston where i live. People don't come to houston with the intention of staying. They think it's going to be a way station. A steppingstone to their next big job. But they got a job here and twenty years later. They find that they love the place. Because it's hot and humid but the people are kind low cost of living high standard of living easy to get around and they're surprised how much they end up loving it and that's not to mention the low taxes low regulation state you know Community minded family oriented the and it's an international laced with that whole texture. But what about your governor. A sixth eight now coming forward saying he got hansie with her. Is there ever a point where he steps down. I don't think so. i think. He thinks he can politically ride this out. I mean previous down you know. Other democrat governors. Have now things like black face so he feels like maybe he can to and the truth. You probably will. You probably will ride this out and maybe even win a fourth term. I wouldn't bet against that. I think the media is so openly on his side and has been throughout. This whole process is the whole last year. they've hoisted him on pedestal and kept him there and it's not hard to perceive that he lets this all kinda ride and doesn't get any push back on it and sales into a fourth term victory. When is he up next year. And is there any talk of anyone. Serious running against him. you know. I think there's more talk now. But it's very hard and especially because it is such a democratic state but he is considered a moderate democrat in our universe which i know it sounds crazy to texans and it is crazy. But it's the case that when you have especially Governor cuomo when you put them side by side with new york city mayor bill de blasio blasios basically marxist and cuomo off sort of rational So it's not hard to visualize that he will win again I i that that doesn't happen. Obviously and i. I would love to see know dreaming here. But i'd love to see the media focus on the actual story instead of These allegations which i think are important but a secondary story to the fact that his administration has admitted to covering up covert deaths. Which is something that governor rhonda scientists gets accused of. But nobody can ever actually prove. Here's a case where new york actually did this. And it's not like as big a story and it should be so disturbing and credit to janice dean staying on it. And ron him for stepping forward. I have one minute left. In this segment. Florida's wide open. Texas is headed that direction as is mississippi. I'm hearing that. It is so bad in new york right now. it is could practically a complete lockdown. It is so bad. it's so bad and it does not promise to get better anytime soon. Schools are part time People are willing to masks on the street whether or not near anybody. It's been back and forth to florida. It's a different universe like stepping back and forth in time Florida is happy and open and nobody wears masks and no risk situations like outdoors. It's magical new. York has always been one of my favorite places in the world of visit to eat to go to shows to go to concerts to walk around and to think what they've done to that city. It's just it is it. Is i hope it gets better. Carol markowitz always a plane. Dear right you know what we're doing coming up. The lines are open. Think through your story that you can tell it and forty five seconds to that time you were fired and even looking back. You still can't believe they were so awful about how they did. Seven one three two one two five eight seven the michael berry show barry. It would be true. Nobody would be was discerned to get a yes. We are going to laugh your floors of your misery. But i believe that's how you take ownership or something. I frequently told my children when something bad happens to them. When you can laugh about this then you have moved beyond it. And i believe that i do all right. I don't know that it's a lightning round per se. Ramon what do you think. I hate to rule something as a lightning round when it's not and then that's in our records forever. Let it's not wish going to get you're going to get to it quickly because lightning around has to be. It doesn't technically qualifies light around. Okay here we go. Steve tell us quickly about that time. You were fired. thank you very much. I worked for a exploration and production company here in houston and Was out of town on a business trip Being entertained by one of the service companies. Up in alaska and Well fishing i got a call from my secretary and she said where do you want your boxes to go. And i said what are you talking about. And she said well. We've boxed up all of your office and want to know where you want it shipped and said what are you talking about. She said oh. You hadn't heard i was vice president with the company and because i was no longer employed by the company i could not take the corporate jet back to houston so i had to fly from fairbanks alaska back to houston on my own nickel. So that's how. I got my notice. See that i was no longer with that company simone. When you hear that you think to yourself. Oh boo hoo. You didn't get to fly on the private jet back right. That's like when people hear meghan markle talking about you know our thirty six year old. Prince harry is he. Harry is that the ones married to the mega saying you know. My family has cut me off your thirty six years old. You live in a twenty five million dollar house. You've never had a job but his mind is really bad. David go ahead. Hey mike i have to. I was fired last year for refusing. Quarantine home off the clock and I guess it wasn't any spectacular way. Did they notify the system. We kind of had back and forth and they said well you agree to that or you're fired and i said well i'm sorry you're not gonna tell me what to do and i'm not working and they say well yes we are and these. You're so that was one of them. And i have another one that you're interested. I was a peace officer working for a small town in In texas and The discharge into Who over me decided. He didn't like my views on things and we had a meeting and he said Going to come escape people's guns if we order you to do so. And i said no. I'm going to uphold the constitution. He said what about Through stuff some stuff about abortion. To and i said no i'm not gonna help kill babies and they said no you have to follow your orders and i said i'm gonna follow the constitution. They said no sorry But we're going to remove you and so they did and so. I lost that job over hypothetical situations. Wow it's amazing to me. How many people get into serious arguments and lose friendships over hypothetical situations. It's almost as if they are looking for an opportunity to split with the people they love. It's so hard to find people that you like. Who like you and you build up over a period of time a sense of trust and affection and intimacy and how quickly some people will sever that at blows my mind bill. go ahead. well. I used to be the service supervisor. For best buys audio and television group and The service center. And i. I was there longer than any supervisor was but the guys kept telling me that august the no you. You're going to be gone christmas. You're going to be gone. By new year's they kept saying it. And i kept hitting all those targets and still there and they had a big meeting with all the employees and the regional manager in. My guys were yelling physically at the top of their lungs at this guy on how cool she was in and i rejected and then they all stop yelling and it looked at me and i said Sorry sir go ahead just wanted to stop guys meal and After your files out youngest. I actually why are you saying that again against no one ever interrupt and so it. The meeting with all supervisors sat me down to pick my brain for over two hours of all my ideas and they've kept ranting about how great they were and then they dismissed supervisors and then he told me. It's just not working out august and they told me the allow that so. I have a friend who was who runs an a retail operation. And he's one of the best. Operators i've ever seen motivates people He never stops working. In fact i worry about his health because of it because he never takes he doesn't take time off. We'll we'll smoke cigars and have drinks together and he's constantly responded to employees questions about this this and this he never turns it off. He's always thinking if i introduced him to somebody. He's picking their brain as to how he can be better at what he does in in what he does which is a big retail company that he runs but he i asked him his his history and he used to work for might have been circuit. City might have been caused. I can't remember but he worked for best. Buy and i asked him about best buy and he said it was one of the most poorly run operations and it's amazing that despite how bad their management operations are that they've managed to survive and it was because they have some smart people at the top but he said that throughout that organization it is very very poorly run and he was. He was happy to get out of there. and he's been with. He was with sears. At one point he's been with five to seven major companies working his way through the ring ranks as a store manager regional manager division manager. And now he runs couple hundred stores for somebody and so i if he says that's the worst run. I i wanna believe him. Scott what you got michael. I worked for a local texas base Truck company back in two thousand. One was brought a small team to take family. Run business to an ip l. We increased profits by over five hundred percent streamline the entire company got all the contracts nationalized ready to go and like any other family. Run business around thanksgiving of that of two thousand and one son who had destroyed the business like most second and third-generation unfortunately do convinced his mother. Because everything we did we had to go around this guy and the father was starting to lose it. Naturally son convinced mother over thanksgiving that we were not respecting him. We all got calls. There was four of us. we all. We're home in the midwest. Christmas eve we got called to immediately come back in the office. The next morning we thought it was an ipo related emergency and we all got fired They evening of christmas day by the sun. The great thing about it with an eighteen months everything we put in place completely reversed and they were sold for years later to another company because the sun just destroyed the company. I have seen this situation play itself out where the son of the owner feels the need to flex. The owner is the first generation. They're the ones that that built the business and the son needs to flex because they know that everybody is looking at them the way they look at themselves. Which is you don't belong here. You're just here because you're the son and and it makes them the most awful quote unquote leader and i. I saw that happen in a situation where it was how best to say this. It really reflected the insecurities of the sun in the business. Yeah more michael berry. Show coming up Without you but then. I spent so midnight you near me wrong wrong. Staffed jay the global into their rosie got left on this song. Don't know what i am strong you. I was survived scott. Because she's young and beautiful of firm. And i'm not you know what i i deserve. Better scott i don't need you. I will survive. I will you know. I'm not even saying even scott. When she does this went off and starts blaring it walking through the house pushing them up real high speed or hurting him. The heels skirt used to fit hadn't worn in four years oil survive. All right. that's not a good look. Bobby allama get some hate mail from the ladies on that one. You're bobby tell us your story. Hey fired i. I was back in the eighties. Go taken a baseball job at la carte and like our texas and they had won very many games that year. We were like we want district. We were twenty four and five or something like that young kid from from texas state anyway. so the president's scoreboard he meets me after practice in the second half of the district and he wanted to know his son who was on. Jv and he was a junior. It was horrible. Was on the varsity play and i told him that you know i say hey your your boys are great kid. You know he. Can't we really can't run. He can't throw he can hit a little bit and you know and he just really happy to be here. But there's no way. I'm gonna put him on the varsity and even taking any time away from and he looked at this guy's name is lane allan. He looked at me right in the face. He says well you know you won't be work new next year. And i'm like yeah right you're gonna you're gonna we win district you're gonna fire me for not playing your kid. Well we we win district and we lose the first round playoff and I was go to the board meeting with the board meeting. And because i was a first year teacher coach. Well i was my third year teaching. I was fired. Would with no reason. Oh no the reason why they were bringing in new head football coach and they needed that slot like that you went district and you get because you didn't play the school board president sun on your baseball team. Wow so did. They put his good for nothing son on the field the next year. No oh. I don't know i laughed. I got married moved to san antonio but You know it's the you talk about politics you know. I learned the hard way when i was young about You know school boards and how that works. You know the big districts. That's that's a different story but In those smaller towns back then you know i. I didn't know you know. I just But it's it's funny. You know coach. Well i I was a retired teacher. I buy sell tax assessed properties In fact the freeport we having a house in bonn over there but it's I even i retired for about three or four years of last year. I went back and take a varsity basketball job at cleveland. High school just for fun. 'cause my my little ones. They love basketball. We live in magnolia. And so i. I need to learn a lot more about basketball. Best way to do. It is just a you know. I know a lot about football and baseball but not a whole lot about basketball. So that's what i did last year. But i lost so much money by by doing the teaching and then when kobe hit the spring break yet i basically resigned. I said nah. I'm not coming back so Like cleveland good place. That was a lot of fun and very interesting though very interesting Little town yeah. You know it's interesting. How many people. I know who are very successful. Who started their professional lives as coaches. So my friend pat stuttered Owns a company called buffalo marine. It's a bunkering business. Which means if like kirby marine and companies like that when when their barges coming in is basically a gas station an f. b. o. For barges and they go out and they pull up next to the barge and they fill them up and he built this company to be extraordinarily successful but pat started live. All he ever wanted to be was ball coach and he left. Baton came into the marine business and made a fortune guy named danny evans. Who owns the low. Woodrow's and kirby ice house was Basketball coach in austin left that came to houston started. A little bar built up built up. He's got twenty bars now makes a fortune. It's such a different career path that it's hard for me to believe that somebody could do both of those but it just tells you what people's passion for sports are that they would give up their desire to make all this money. You know running businesses. Because that's what they love to do. By the way. Danny evans is still. He's the basketball coach at Second baptist which he does for no money just because he wants to do it Jerry davis who just came off a city council is the lacrosse coach at river. Oaks baptist because he played lacrosse grownup anyone to coach lacrosse. Which is kinda funny. Because i've gone to watch him at their games. And it's a bunch of rich white kids on the team and my buddy. Jerry davis is a black guy. Who's the coach. And he's screaming about lacrosse and i don't know that there is a more white sport than lacrosse in there. He is john. You're up you got forty five seconds go. I got it back. In two thousand eight. I was working for baker all tools Back winner them and halliburton. We're trying to break the guinness book of records on who they could lay off How many people go off in the most Sort of time. My my oldest son had just been born. And i had a week of approved vacation time taking off. Well day to vet a five day week we bring my son home And i got a phone call from my supervisor. Tell me that. I had to come in. I said well. I've already got Proof of the vacation. She is and she said well. If you don't come in you're going to be fired. I said okay. Well first thing about mine. Because i'm going. Hr and you know. I'm going to file a complaint. When i showed up policemen everywhere and they took your badge number. They scan your badge and your badge came up with a red color they made to go to. Hr already boxer stuff up and they fired us on spot. The boxing up of items or the being escorted out of the business is out of the building is to me the most dehumanizing thing you know where you work for eight ten twelve hours every day here. It is in a box taken away berry those. I was afraid. Kutcher could never live without you. Bama side spent so many nights just again. Now i learned how to get along and so y'all back hears stories you what aroused fit related to being fired david. Good morning sir. Yep many years. Many years ago i was working as an outside field rep here in houston for company. I had just met much the previous or the previous year and was called in and literally getting my bonus check and got a pink slip on the same day And then the top law i was Because outside sales rep. I had a company car. They They took the keys from me and i literally had to walk home. Oh oh you know. I have told a lot of people over the years. There is no one-size-fits-all right. Our chief engineer of our radio company is a chief. Engineer of a radio is what he does he is. He is short sleeved shirt pocket. Protector takes equipment. Apart puts it back together. He loves engineering. It is who in what he is. He should not be a salesman right. I should not be an engineer. But if you are a gregarious personality and you don't do well in school because not because you're an idiot. You got plenty of smarts. Plenty of pluck you just you. Don't pay attention well. You don't fit within the standards of the school system. We should teach more young people. You know what you have an aptitude for sales you. You're a personality person. You're a person who manages relationships if you have some diligence if you have some ambition if you're driven by money which most good salesman are Doesn't mean we have so debased the concept of being a good salesman as people who get other people to buy joke snot. What a good salesman does the best sellers of my show manage. Relationships the bestsellers. My show don't have to go out and ask people to sponsor the show people call in and then it's a question of making sure. It's a good company with good standards. Good values is gonna take care of our listeners. And then making sure that they're well taken care of and we don't as a society. Americans are the best salesman in the world. there is no There is there is no country that that does selling the way we do but more young people need to see that as a future. A lot of people go and get degrees. A lot of young people are told how to or their their foothold into site Psychology 'cause they can't figure out where else to put him. We should teach people how to sell. We should teach them the value of selling. 'cause i don't care what your businesses don't care what it is in most businesses. The salesman is if not the most important person. He is on par with the product developer and the head of operations a good seller can take business to the next level and i'm also surprised at how many businesses have a good product or service and terrible sales and it results in a lack of monetization. Good sellers are worth their weight in gold and and as a society we do not value them enough. I believe that with all my heart terry. Go ahead mr michael. Thanks for taking my call. Hey i was laid off for From twenty two jobs in ten years. And i'll tell you about the astro There's an ad in the paper. They want jim operators show up. I showed up got hired. They said that job was going to last six months and We We're gonna raise the roof on the astrodome one foot so we Duck down twenty four inches the the astrodome and raise the roof one foot Came in fourth day. I believe it was and they latest on. How did y'all raise the roof by digging the floor down One clinic forty inches. So you didn't technically raise the roof. You just expanded the distance for. That's true but i tell everybody me. And another guy raised the roof and nineteen eighty four and the rolling stones brought the roof down in the what because the rolling stones both ruth down what eighty three eighty one. What did you big. I was looking at two thirty five caterpillar. how much how much dirt could you move on a day. we moved. Oh a whole lot. If we're doing moving dirt in where did you move it to. I didn't know where they took it. Just loaded the trucks out. Trucks drove out the building and the ticket somewhere shoulder. But that job. We're supposed to last six months and it only two days. But that was normal. Back in the eighties and seventies where what somewhere judge hof is has a ranch in. It's got a big hill a berm. That's actually you know the backside of a shooting gallery and you wonder man that's a real words you get that mountain right here in hallett's ville well. That was the floor of the astrodome. What it was. Thank you folks for being willing to share your stories of being fired. I always appreciate that. And i thought we close the show with one by shirley q liquor afternoon and welcome to the planetarium. I'm your host. Shirley q liquor. I would like to exit about and move forward and and take this team it on the floor here. Ladies wearing depends benches on what to come in. That left the out. This is my first day working in here so our excuse me if i'm not familiar with the correct term okay. Why wonderful universe. We live a look. How many stars is light off in attorney. Do my feet cut the star though. Okay okay if you look yonder. Look and see it damone. Full game okay. German at this time we accent. Don't you dare prone to mccain exit usually plea lane pitching have been not made some lady sickly stomach and now's the king and i do not care for not putting up with you do it. You know mopping-up now have binning warned. I sit back and enjoy the movie. I saw it. I read this mind ignorant. I'm glad smoke cigarettes. Thank you to the editor.

John hofmeister biden administration biden michael berry Jose perez Judge chris morton texas nevada houston police department john hofmeister obama administration tesla bernie sanders joe biden harris county randi wallace fox twenty fox
Jon Hofmeister

The Michael Berry Show

26:42 min | 5 months ago

Jon Hofmeister

"One of my favorite guests over the years john hofmeister former president shell oil company. You often see him on the national news being quoted on energy policy. And i think he's forgotten more about energy policy. Certainly than i'll ever know. John hofmeister is our guest. You were quoted on fox business last week and it's getting a lot of attention saying that joe biden's climate policies are offsetting the effects of the global oil market because they're hampering domestic production and to quote you. The reason gasoline is coming back up as we've been in a shutdown period for many of the refineries and so that puts a squeeze on what's available in terms of final product. There's something else that's going on. It's more subtle. What that is is that the industry the producers are practicing serious capital discipline and they're not roaring back to produce more oil and that they're getting squeezed by the administration and that that is going to hurt us at the pumps into hurt the consumer. Is that a fair assessment of your comment. Yes that's that's sounds like a quote should should we expect to see more of that. And what does that do for consumers at the pump. Well the next six months to a year if we continue on the current course or not going to be kind to the consumer and we better get ready for a three number on the not too distant future. Here's the problem. It's twofold one during the During the period of coded The oil industry has taken a real beating on share prices because frankly the demand dropped so much and the price dropped so much that the companies aren't making money in order to satisfy their shareholders that they're running their companies with discipline and with accountability on profitability. They're not going to invest as much capital as they. Otherwise could to take advantage of growing demand as we come out from undercoat. And so it's gonna make for production to be a bit scarce in terms of production increase. It's not that we're going to run out of oil. I'm not worried about that. It's just that we're gonna have squeeze on supply versus demand as people come out from under kobe. They're going to want to get back in their cars. Go where they wanna go go to the airport. Get on a plane and so the just the normal demand for fuel is going to increase. The second thing that's happening is that the biden administration is putting the clamps down on the oil and gas industry. Just like we saw in the obama administration in the first term as they review the policies of the previous administration. So they shut down new leasing. They threatened fracking. they threaten access to federal lands. And that's put a chill on the producers taking the normal risks that they would take which adds to the squeeze on supply. Then if i could. There's a third factor. The third factor is the biden administration. Just got a shot across the bows from saudi arabia and russia as the opec meeting last week decided not to increase production then response to demand of global growth of oil demand and the shot across. The bows is expected. They that they would be a one and a half to two million barrels. A day increase in global oil production. But they said no we're going to defer and i. I've said that the reason they're deferring is in my view. They are just saying that abided administration you want to be hostile to the oil industry. Well here's your return on your possibility. Prices are going up for the citizens of your country. Full stop Don't underestimate the russians of the saudis. Not looking after their best interests they will always work for their own best interest. So we're in a period of rising prices. Michael and you look at what other commodity prices doing copper would natural gas spiked there for a bit. And there's already inflationary pressure when you increase the cost of of energy to the end user. That's just one more of those triggers that that sets off potential inflationary pressures and that's going to be that's going to be a real problem for biden as it was for jimmy carter. Yes yes. but but don't underestimate the shareholder pressure on the oil and gas companies to show some respect for the for the. Because it's been bad it's been really bad and and so gerald is deserve a return on their investment as they always have and so the capital discipline. That's gonna stop people from announcing big new projects And and and. But here's here's a here's here's a pop. Uncompleted wells across the oil patch is very high. It's many thousands of wells have been drilled. But they're not completed so it's not like we're not gonna have access to new oil anytime soon that's new oil that hasn't yet been been produced. So there's we're not gonna run out But but it will get a little dicey on the price side when you talk about capital discipline the especially these public companies. They're they're sitting on cash. They just keep that cash on the sidelines. Of and how do they. How do offer their dividends. How do they get a return on their investment. They're not putting it to us. Well a lot of them have cut back their dividends and before they start spending more capital. They're gonna find a way to reinstate the dividend and natalie us up the cash that they've got sitting there but yes there it's inevitable that there will be more cash coming in because of the rising price for finished products and and i eventually capital will increase unless the government has really made it very difficult to new leases new permits. And that that's the case we we don't know yet who's running the energy story inside the new administration I've known biden for a long time. I don't think it's him personally deciding this and there are Whether it's the energy secretary whether it's a you know some of the Climate group in there or just who. But i mean they've taken a reasonable position to just slow everything down while they study yet. I understand that. But i do worry that. There's a an ominous feeling among those of us in the oil world that this could go on and go on and go on and that would be bad for consumers. Does this become an industry that the smart money moves away from No not not the long-term smart money we're going to have oil and gas for decades to come. There's no alternative. It's eighty percent of the energy supply to the nation and those people who want to keep it in the ground who want to shut it down treat it like tobacco or treat it like coal. They don't understand how oil permeates the economy of the nation and the world. It's in our fabrics. It's in our food processing. It's in the fertilizers that grow our food. I mean it's just it per patty and there's no alternative to it. People talk wind and solar. I'm all in favor of wind and solar and it shall we had wind and solar even back in my day and so but but wind and solar don't have the density of oil and gas in terms of providing you know the energy we need plus wind and solar do nothing to fill. The gas tank is just the same kind of energy. It's not liquid it's electrons and so there's going to be a transition. I'm all in favor of an energy transition. Because i think michael is. We love new technology in this world and and and americans in particular love new technology so the electrification of cars is technology. Change which people love. And it's going to be more of it but that's not the end of oil. You can't put a battery in an airplane. You can't put a battery in an not yet anyway. In in a long distance class-a truck that goes across the country in two or three days. And so there's all kinds of applications that we're going to need oil and gas for years and years and years to come. John can you hold with me for just a moment. Sure john hofmeister is the former president of shell. Oil and now is involved as the founder and chief executive of citizens for affordable energy. We'll ask him about the texas power grid and what happened coming up of dating and this other guy michael berry Former president of shell. John hofmeister is our guest john. I'm sure you have some thoughts on what happened with the collapse of texas power grid. Well was an excusable and it was all human driven starting with the last three governors of the state and every legislature in between they have abandoned the texas consumer when it comes to the needs for grid power and grid electricity. From my point of view since george w bush was governor and was convinced by people like ken lay and jeff skilling from one to turn to darwinian capitalism in the running of the power grid of texas. I mean think of the second most populous state in the nation with a darwinian system where everybody from the generator to the distributor to the independent. Retailer everybody's out to make money. But nobody is accountable to the consumer and the the officials that run this state who make the laws that put in place the structure of the utility industry and the essential nature of the grid Just i they just walked away. They decide what should they have done. What would have been the better approach. Well look around with other states are doing and see how others are managing it with all kinds of weather variations and and understand and also the independence of urquhot independent where texas is cut off from the rest of the nation. In terms of linking up no other state is independent in that regard so this fierce independence in a in. What is it commun- all basically a communist society that depends on each other and i think the distinct separation between the generators and the distributors was just too much they don't have common interests should be the end user customer. That's what grids are for to take care of the end user stemmer and this notion of not whether is ink facilities and the and the legislature and the governor's did nothing about whether izing i mean come on whoo who's who's head needs to be examined here it's not urquhot and it's not the puc that's at fault here. I think it's the higher officials who are not taking accountability. And that's disturbing to me. But john somebody has to wear that cost of winterizing right. These were sort of record lows. You've got pass that off. It's sort of like everybody wishes. They had bought insurance once. They're in the crash but people don't wanna do it ahead of time to. What extent was the marketplace willing to pay for something that a very low risk incident. Well i i think that the rules have been set in place twenty years ago when we deregulated so so savage. I think people would have done what they were required to do. The thing about companies companies are basically compliant. They will do what they are required to do and consumers yes they ultimately. They'll pay for that winterisation but if you space it out over time and you have an expectation that you know pe- the facilities need to be robust between this temperature extreme and the other temperature extreme engineers know how plan for that utilities. Don't shut down in minnesota or north dakota because it's cold outside and the wind tower. Don't shut down in those states because it's cold outside a lot colder there than it is here so i i just think it's a failure of leadership. Michael let me ask voters to to deter. Let let me ask you about the diversity of women of energy capacity and energy transmission. One of the things that's been talked about is decreasing the reliance on a new gas and the fossil based fuels an increasing reliance on wind which we know went down and why we don't have more nuclear. What's your thought on the what should be in our toolbox of power generation. Well it's good to have a diverse set of supply for all kinds of reasons And it takes advantage as i said earlier with technology and as technology evolves. We wanna take advantage of that but the base case really should be robust. Nuclear because of the density of the energy supply the reliability of nuclear the cost of nuclear I mean there's ways to do nuclear much less expensively than we've done it in the united states with the big big nuclear reactors and i think technology will change that over time so i'd look at nuclear at twenty to twenty five percent and a minimum and we're not there in texas. We only have. What a couple of nuclear reactors i think. Gas and and natural gas should be a big winner. Put thirty plus percent win solar beyond. Let's let's move towards twenty percent but here's the here's the rub. When we do wind and solar we have to provide storage capability. We have to have big battery sets to pick up the gap when the intermittently sets in when the wind stops blowing or the sun shot. Stop shining so you can't. I don't think you want to go much above twenty percent on wind and solar unless you're willing to pay for an awful lot of storage capacity and that was pleased to see tesla is putting in a battery set down and angleton. That's a good start a start. And that was my set of questions for the next segment. And i'm gonna go. I'm going to get to it but let's go back to nuclear guys that just look at what would be the best thing to do. The engineers and scientists all talk about nuclear. To what extent are we irrationally. Afraid of nuclear because of fukushima chernobyl and three mile island. I think there are worries. But you know there haven't been massive deaths as a consequence of those And and in fact three mile island there were no deaths. There was some depth sensor noble fukushima was Is still a problem. A big problem and that was the but ironically all three incidences where men made incidents in the two deaths fukushima were were drownings weren't nuclear anyway right. There was a soon nami coming along. I just find a bigger thing that a lot of guys like you that look at this for more of a scientific basis A little more Brain i guess would be the term say nuclear nuclear nuclear. But you can't get anyone to say that publicly In the political world because there is such a fear of that word and and the explosions. And i don't know that the chernobyl film helped that issue either john. If you'll hold with us for one more segment. I wanted to ask you about tesla. And i wanna ask you about the likelihood you start to see more. And more of these tesla panel advertisements coming up along. Musk is a great marketer. Is that where we're heading to. What extent will that be a major source. How many how many people will have that in their households and what you expect out of electric cars coming up with john. Poff maestro former president of show mason that i get from these show that i don't seem to get from other places the michael berry show show. It's knowing that your door's always open lender pad this free to walk. John hofmeister former president of shell is our guest john. My financial adviser is a nut for elon. Musk and has been following his career for years and he told me years ago he's looked elon. Musk is not really about the car. The cars are just a way to demonstrate that he has a battery technology and to get those batteries in our homes. How realistic is it. I'm seeing more. And more of tesla ads of people powering. Some percentage or all of their domestic energy needs their household residential. Energy needs with these panels. Yes well i think that the the brilliance of eline mosca says technologies love for technology. And whether it's boring business underground boring. Tunnels or whether it's spacex or whether it's the tesla vehicle or the solar panels he loves technology and he's a good thoughtful technologist. What there is for the future is the you know. The electrification of everything is probably because electricity is so direct and so usable and it can be so you know so so affordable as well and so whether it's the the batteries that are being used for storage to take pick up the intermittent city of wind and solar or here's another one hydrogen fuel cell technology which tesla doesn't any nealon musk's doesn't appreciate but the the ability to power your house with The kind of battery off grid battery power which you get from the grid and just to maintain your own capability for an extended period. That's the beauty of battery as you get an extended period in the event of an outage. So i i think there's a market there and i think with time people are gonna look and see. How do they secure their home. 'cause the more we go to intermittent see the more blackouts we're going to have it may be short blackout could be a long blackout but this this notion of the intermittent energy source as the primary source and some politicians are pushing that in fact the whole climate movement is pushing wind and solar. Look you start getting about thirty percent wind and solar. And that's your dependency. You're going to have a lot more blackouts or brownouts and so you better have some security in your house. That's what the panels represent security in the home but when we talk about solar elon musk's solar city of his platforms that does not appear to be the most successful which is still high bar but it looks like he's using the other entities to subsidize that it. I'm still struggling with solar as soon as a stable energy source because it doesn't appear to be able to keep up with the traditional fossil fuels. It's one of the reasons that when i was at shell. We bailed out of solar Because it's it's it's not really robust technology to until we get something. We need a breakthrough on solar when you want to get twenty percent efficiency out of the source of energy which is really high end. Solar twenty percent a lot of solar all particularly the silicon the photovoltaic Particularly the chinese stuff. It's down around ten twelve fourteen percent. That's not very good efficiency. And so you pour a lot of money into a solar set you decorate your roof or your backyard with solar panels. You're not really getting a whole lot of energy out of it. And so i think we need. We don't have yet the technological breakthrough that takes it up to say high. Thirty s forty percent fifty percent would be much better. Because that's what you got out of fossil energy is you get about fifty percent energy efficiency nuclear you get even more. Which is why it's so popular with as you say the scientific crowd. What are you bullish on as the up and coming or the next big energy trend. I think it's a good question and as you may know. I'm on the university of houston energy advisory panel and. We just had a meeting or winter meeting on monday. And this is all of the experts across the industry. And if you take sarah week from the week before you take the u. of h. energy advisory council and you. But what do you hear coming out of that. What you hear is a tremendous movement toward hydrogen as an energy carrier which can be turned into electrons and it can ultimately be turned into liquid fuels. It's a lot of upgrading and it's costly currently. So we need some breakthroughs on. Cost of hydrogen hydrogen comes from water. Or it comes from natural gas. There's a green hydrogen and a blue hydrogen. Green hydrogen comes from water blue hydrogen from natural gas. That's the common parlance. But jen is something we've avoided because we don't fully understand its capability but that's the big movement. I think over the next and this is not short-term ten twenty thirty years we're going to see the big energy companies which stand the chemistry of hydrogen and that's a big deal the chemistry of hydrogen. They're going to be making major inroads for both decarbonization purposes and also for energy supply purposes to figure out how to take best advantage of that nuclear is always going to have the problem of nuclear waste and we are fearful of nuclear waste. That's why we're holding back. We don't have a solution for nuclear waste. We did george w bush. His administration started The licensing of yucca mountain in nevada to store nuclear waste but obama. Shut it down. When harry reid said i don't want this facility in my state after spending twenty billion dollars to what extent is the marketplace going to find the solution for our energy needs based on the ability to make money off of it and to what extent is it going to require governmental injection and subsidy into the infrastructure. Because it concerns me when you look at the obama administration supposed- investment into things like sel indra and their attempts to drive innovation through through battery technology. And it doesn't seem that they make the best choices and yet it doesn't feel that the marketplace is rewarding the most efficient because of the huge up. The huge upfront cost got about a minute and a half in the second. The politicians are driven by a different factor than are the the the the the markets. The markets are driven by science supply and demand and technology. The politicians are driven by. What do i have to say to get elected. The politicians don't understand energy. They can't have a conversation about First level knowledge. It's only what somebody has told them about energy and they choose what they think is popular. Make it sound good. The politicians deciding the future event in texas from the politicians in texas on the grid. Very happy as you know about that. But the since cannot determine the future of energy markets technologies supply and demand will determine the future of markets. That's why the diversity of supply is so important. Let the markets decide what they like. That's why the availability of products whether it's gasoline fram oil or gasoline and ethanol from biomass Whatever the the markets are to their role as enablers they should be enablers. Not determiners enablers put in place. The incentives the ideas that can get funded the the they. They open up possibilities. That's the role of politicians. As i see it not determiners of fact and you will have this much solar. You'll have this much wind. And so i think we we've got an imbalance right now with too many politicians thinking they know too much which they don't know trump or a great guest. Thank you for spending time with some police. Come back and see us.

John hofmeister biden administration john hofmeister texas obama administration tesla biden michael berry citizens for affordable energy jeff skilling john joe biden opec jimmy carter george w bush
The Tom Dupree Show with Bill Morgan III. HOUR 1  10-03-20

The Tom Dupree Show

50:03 min | 10 months ago

The Tom Dupree Show with Bill Morgan III. HOUR 1 10-03-20

"Wing is a paid program on 630 wlap. This is the Tom to free show on used radio 630 wlap and wlap. Welcome to the camp. I guess you all know why. My name is Tommy if you want to follow me, you've got to play back in and put in your earplugs put on your a shade, you know, where to put the clock back home song. Welcome to the time to free show this week. First half hour. We've got Tom who's going to Talk a little bit about the latest Supreme Court appointment in the second half of the hour. We're going to have Bill Morgan the third he's a young entrepreneur. You want to stay tuned for that? So without further Ado here is our host Tom Dupree. Good morning. I am going to read as his my typical habit from the Psalms. This is Psalm 21. By the way, there's a hundred and fifty Psalms. You should read them. They're good. They have almost every kind of emotion. That you can imagine that could be had by somebody who's a praying and turning his life towards God. So here's some 21 the king shall joy in thy strength. Oh Lord, and in thy salvation how greatly shall he rejoice? Now has given him his heart's desire and has not withholding the request of his lips. For thou prevent this to him with the blessings of goodness Now set us a crown of pure gold on his head. He asked life of the and thou gave us tit him even a length of days forever and ever. Is Glory is great in the Salvage salvation honor and Majesty has Dow laid upon him for thou has made him Most Blessed forever. Now, he's made him exceeding glad with. Countenance. For the king trusted in the Lord and through the mercy of the most high he shall not be moved. On hand shall find out all thine enemies. Right hand shall find out those that hate thee. Thou shalt make them as a fiery of an in the time of that anger the Lord shall swallow them up in his wrath and the fire shall devour them. Their fruit shall destroy from the earth and their seed from Among The Children of Men. for the intended evil against the the They imagined a mischievous device which they are not able to perform. Therefore shall make them turn their back when thou shalt make ready then arrows upon those strings against the face of them be though exalt Lord in that Own Strength. So will we sing and praise that power? Psalm 21 President Trump upon the death of Ruth Bader Ginsburg Who is on the Supreme Court? Who just passed away? At age 87 she was a liberal icon to say the least. Also a feminist icon. has nominated another woman younger not liberal Catholic Whose name is Amy Barrett? Now I want to talk a little bit about. Some things surrounding her nomination. Most of the commentators out there are liberal some highly liberal. Or as you might call it Progressive. and because Amy C. Barrett is not The same kind of or would not be the same kind of justice as Ruth Bader Ginsburg. people who typically applauded females Being elevated to positions of power. Are withholding their praise? And in many ways denigrating this Choice by President Trump and it has to do with the fact that Amy Barrett is not a liberal. She more and more these days liberal when you get down to the core of it off means atheist or it can it can Main. and I'm I'm not saying that there aren't Christians who are liberals, but at the really Bay score of liberalism one finds socialism and a belief in the state as the religion and those that are Christian and liberals tend to overlook. the power that Is given to the state under? Under under liberalism way socialism. Cuz this this be honest that's what they're shooting for. And I'm a socialist government is a Godless one and I would argue that we've already got that to some degree. to a large degree But Amy Barrett her life is informed by her Christian faith. And there's no way to say that it wouldn't be especially in cases that might come before her off and the court that she's on regarding the sanctity of human life. personal responsibility Certain inalienable rights that are granted to us by the Constitution First Amendment issues Second Amendment issues. and her view on life being Christian means that she believes in personal responsibility. And believes that people should be given the right to have personal responsibility. It will definitely affect. How she rules on things and the Liberals know this and are not happy about it. This is an article by Libby Emmons. I wanted to just read a couple of things from it. Amy Coney. Barrett is just the kind of woman American feminists should a door, but they refused to acknowledge Barrett success though. She is only v a woman to be nominated as a US. Supreme Court Justice her resume speaks to her dedication to career and the prominence she's earned in her field is a testament. too hard work sacrifice and determination now, they quote a woman called Andy zeisler from bitch media She says a short short list of things that are not semonin synonyms for feminism being a woman having a successful career being a mother. Having women friends doing a job women weren't always allowed to do and legislating Away other woman's bodily off autonomy. Now I want to get into something interesting. here at this article says and the way modern-day feminists of the liberal ilk have redefined feminism and basically what it is. To be a woman says American feminism has perpetrated some rather anti-woman ideals of like feminists have embraced the idea. That a woman is not defined by her sex. But by feelings that make her feel she is a woman. This is how the concept that men who claim to be women are believed by feminists to actually be women American feminists have dispensed with the idea that biological sex has anything at all to do with being female and let men into the club, but bear it somehow is way out of bounds. so by their Reckoning she cannot even allowed is not even allowed to be a feminist because because a woman is not necessarily defined by her biology. It's it's it's a tortured. piece of logic but nonetheless there it is and I would simply say that. Her politics and her views on life and her Christian view of the universe absolutely scares him. the death one Rider who is African-American said she has a a couple of children that are adopted from ATT. One Rider said the children maybe weren't orphans at all. That they were kidnapped. from their birth families another one said that that she was the White colonizer. and that the reason for adopting these children was to basically be a colonialist and you know exert force over these poor Haitians. And turn them into white people. I think that writer also called them those children Savages that she wanted to civilize the Savages. I don't know if it was that right or not. But it was I think it was the same one that talked about the ebram kindy or somebody like that. He was he's a I know he teaches somewhere in the Northeast. He was reaching hard on that one. Yeah, definitely. Let me just give you a little bit of her CV. She was born in New Orleans, Louisiana. She's the eldest of seven children. Her father worked as an attorney for Shell Oil Company. So did my uncle the family was Catholic and in the 1980s, her father was ordained a deacon she grew up in Metairie. Graduated from Saint Mary's Dominican High School in nineteen ninety. After High School, she went to Rhodes College in Memphis. That's for those of you who remember the old Southwestern at Memphis back in the 70s when I was at Suwanee, we played them and they were called Southwestern at Memphis. They were later renamed Rhodes college. She made heard an English. Love that so did I? she graduated in ninety-four with a bachelor's degree Magna cumlaude e was a Phi Beta Kappa studied law Notre Dame full tuition scholarship executive director of the Notre Dame law review. She was a two years as a Judicial Clerk. On the DC circuit then for justice Antonin Scalia of the US Supreme Court from ninety-eight ninety-nine. She worked at various law firms. then was a visiting associate professor at George Washington University law school then she returned to Notre Dame in 2002. to teach she taught federal courts constitutional law and statutory interpretation. In 07 she was a visiting professor at the University of Virginia school of law. She has received the distinguished professor of the war year at Notre Dame three times. She spoke on constitutional law Blackstone legal Fellowship a summer training program for Christian law students run by Alliance defending freedom of very good. Charity that you can contribute to while serving on the 7th circuit. She solid when she was going up for the court of appeals for the seventh circuit. This was in 2017 September of 2017. During the hearing Senator Feinstein questioned her about a law review article she wrote and ninety-eight with professor John Garvey. In which she argued that Catholic judges should in some cases recuse himself from death penalty cases due to their moral objections to the death penalty. The article concluded that the trial judge should recuse herself instead of entering the order. Asked to elaborate on the statements to discuss how you view the issue of Faith vs. Fulfilling responsibility. Of the judge today Barrett said that she had participated in many death penalty appeals while serving as a law clerk to Scalia adding that my personal Church affiliation or religious beliefs. Would not bear on the discharge of my duties as judge. It is never appropriate for a judge to impose that judges personal convictions, whether they arise from Faith or anywhere else. on the law Barrett emphasize that the article was written in her third year in law school and that she was very much the junior partner in our collaboration worried that Barrett would not uphold Roe v Wade had given her Catholic beliefs Feinstein followed Barrett responds by saying the dog mod lives loudly within you and that is a consumer now. the the problem always is going to be what one regards as natural law or higher law when interpreting these kind of cases off and it's one thing to say that my faith in my beliefs would have nothing to do with with how I would judge. But that's like saying my feet have nothing to do with how I walk. How you view? The world the lens through which you view it. Is always going to affect. How you make decisions? and your how your your worldview is informed? will affect how you vote? Why do you think we're having such a big struggle? During this presidential election many say it's a struggle between Good and Evil. and control of men's hearts and souls and Minds so there's no way to say My Views. Don't affect how I behave they definitely do. That is why President Trump. Has chosen her and it looks like she has a good chance of being confirmed. Well that brings us to the bottom of the hour as I mentioned earlier joining us for the second half of the hour is Bill Morgan the third he's a young male dog. Who's a young entrepreneur you want to stay tuned for that. You're listening to the Tom Dupree show Power by Dupree Financial Group will be back in just a few minutes. Stay tuned off off. This is what's happening. I just went out for a test Jackie and all weekend the president positive for covid-19. The president will be required to continue to do his job in this question. Does who was opposed is Newsradio 630 wlap? Hi, this is Tom Dupree with Dupree Financial Group many people have 401k and 403b plans for their retirement. Investing account in certain cases are firm can help participants in these plans manage their Investments. This can be helpful because those retirement plans often offer numerous different mutual funds as investment options, and unless the participant is an investment expert. It can be quite confusing. In this case. We put our investment expertise to work for you. Ain't for a free analysis of your retirement investment accounts call Dupree Financial Group at 859-233-0400. Also, be sure to listen song. Tom de pre-show Saturdays from 7 to 9 a.m. At Newsradio 630 wlap or wlap, That's Dupree Financial Group at 859-283-0400. 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That's our time.com start for free at our time.com. This is an important for all current and former Boy Scouts. The Boy Scouts of America has declared bankruptcy. If you were sexually abused in scouting you could receive compensation, but you must file a claim by November 16th, 2012, or you may file a sexual abuse claim regardless of your current age or the year the sexual abuse occurred visit official BSA claims.com, or call one eight six six nine hundred dead. 2721 paid for by the Boy Scouts of America we live in uncertain times is not uncommon for investors to be fearful about the equity markets and wage. They may or may not do at Dupree Financial Group. We are here to act as a sounding board for our clients and Prospects as they seek to develop understanding of how to proceed with their Investments Thursday. We are in uncharted waters. Our efforts are to educate guide and Empower our clients despite the unique nature of today's investment climate. There are parallels with past markets that can be drawn. We can share some of these ideas with you for a free analysis of your retirement investment accounts called to pre-financial group at 859-233-0400 and not sure to listen to the Tom Dupree show Saturdays from 7 to 9 a.m. At Newsradio 630 wlap. That's debris Financial Group at 859-233-0400. 630 wlap Appreciate the offer. Welcome to the Tom Dupree show this week joining us. We have Bill Morgan. The third choice is a young entrepreneur. We're trying to have business people on that are contributing also to the community and the Central Kentucky area and Bill is no exception off. So without further Ado. I'm going to throw it over to our host Tom degree. Thanks Elizabeth. Where is little bail the tank are business. It's good to be here today and be seeing ya heard of heard. I've known Bill since he was quite young and I've known his dad and his uncle and his grandmother and known the family for a long time though his mother and a bill strikes me as a young man, that's doing stuff and and wants to do maybe even more but took his Flagship effort is Bill Morgan tire and Talk a little bit about what that company does and and in-depth if you want to well, I guess I started about a year and half ago or so, but you walk around the Family Tire right? I was in Camby Morgan Tire probably five or six years and then in the continuation, but partially owned company of Home Morgan tire there for probably three or four years and then I guess when I got back from the military, I I didn't know when did what did you do in the military? I was a Intel analyst. Okay. Yeah, and when I came back I went to school on a g i bill Eastern and like left signal Morgan tire and went to work at Home Lumber Company from Mom the family down there and that's in Richmond. That is in Richmond. Yes. That's correct and drove truck over there just to have a CDL driver probably in the state of Kentucky at the time but wage. After I graduated from Eastern I started this company last year and it predominantly services like the commercial tire segment does like industrial press on Tires commercial truck tires tractor trailer tires dump truck tires does farm and agricultural tires and specializes in more Niche segments. I guess we really don't have like a facilities or ability to cross this past year in white truck vehicles, but it's a predominance to commercial oriented Tire and Service Company is most of what you do in the field. I mean predominately. Yeah, we have some that we do some things where we'll deliver tires to, you know, like surrounding counties or go up Cincinnati or Louisville and deliver to customers up there. But yeah a lot of it's really just done in the field and on the road, right it's, you know tractor trailers breakdown on I-75 or 64 going out to the field and servicing a tractor for a farmer. Yeah and just taking care of a dog. Drill and Commercial customers taking care of business. That's exactly right up and Turner overdrive. Yeah, that's that was You know the tire business it's a fairly commoditized thing. So in order for you to do well, you've got to provide service rep correct dealt talk a little bit about some of the you know, the extra mile that you go and and they well, you know, it does come down to service a lot of times but it comes down to Brands off many times as well a lot of the larger National fleets and cut, you know people like UPS or FedEx, you know, those deals are going to be brokered by the tire manufacturers themselves and then off, you know, given off to their local dealers. So right it's it's more just having the product and being johnny-on-the-spot with it when the customer so needs its own, you know, meaning in inventory levels and stocking properly and you know having the equipment for the job. So do you do you deal with people like ups and and FedEx log? There's some over the road but I don't service any other like local. Yet just their distribution areas big trucks. Yeah that kind of thing you in order to do this business and do it. Well, you've gotta have faith of a mind for organization and and business. I'd like to talk a little bit about well organizationally, you know, you have there's a service men that go out and do that and I happen to kind of I feel like wherever you had at this point in such a you know, the crawling phases of a corporation like this, you know, but then, you know, you have that aspect of jewelry out here beating the streets just like in any other marketing kind of job and and from the managerial standpoint, it's just maintaining inventory handling your service and seeing to it that customer happy and service 21st and product from Bill Morgan Tire. Yeah, you know, you are such a natural entrepreneur though. It's it does I know it's hard work. It's hard work for everybody but wage. Your whole stick is so much more than just the you care about people you invest in people and you have multiple wage other businesses kind of bouncing. I don't know how you make it through a day with that. I mean, you've got to be a guilt trying to really blow you up here. I feel so good. I won't be able to walk out the door with such a big head after yes. I guess so you're asking about what you've got. Your you've got houses that you're building in Richmond and you've got your charity work with the party that you put together every year to fundraise for a chairs. We kind of do that by board, you know, so it's nice. I might be the chairman of the board, but you got it started. Yeah, of course and there's there's always just something to do. I mean I stay pretty pretty pop in for 7 in the morning until like last night Hill and I actually went on a service call at home. My father Bill real reference that yeah. It was we had our first Continental Tire Service call we've ever had and we just got signed up as a dealer and they would work for a subsidiary of Continental Tire & Rubber Company on fifteen years. Yeah. So I guess it's somewhat nostalgic. So Bill hopped out of bed and came with me we went we got home about 12:30 last night after going on side of the road and doing one so But any other questions, I guess know yeah, they got lots of questions know before we went on the air the interesting side about your perception about building houses in Richmond right now and you made the comment that it seems like people are moving from all over it feels that way. That's for sure. There seems to be a large just spora if you will come in from like larger more Metropolitan urban areas and we're really enjoying the benefits of that in the office open markets right now. Well, we had a guest a few weeks ago Michael Doyle here who was talking about that that is really a trend and it's interesting that you mention that because he was saying it as a trim that was affecting the stock market, you know in areas of Home Improvement and home Our machines and things like that. So what do you give us a little bit more about that? Well, I probably defer to Tom over here on this financial sectors, but I can definitely see, you know from a positive standpoint from a place like Richmond Kentucky. I mean, I know from a building material standpoint my family's pretty we have a brick and Block Company in Rob's entirely company and a lumber company and Home Lumber Company and I mean, they've had some pretty great years over there. We just close the books. I believe at the end of August for those family companies and I know they were doing quite well. Well, I'm from a from a building standpoint. What are you saying? The lumber prices lower prices shot through the roof that I'm not too impressed on that but well supply chain has a supplier. I know it's affected. The lumber business has a supply chain affected the tire business very much. So we've we're struggling right now. I've had quite a bit of inventory on order and I mean, is supposed to send it when they can write, you know, some of that stuff's being manufactured in the Far East or in You know like not down at Stateside and well, there is quite a bit of product. But particularly that that product that I was talking about being the stuff made in the Far East, you know, like it's made in Thailand or you know, some stuff's made in Vietnam. Now a lot of China has a lot of tariffs on it right now for the tire industry, which is caused a lot of the tire manufacturers to shift their manufacturing and other public places in the Far East. So that's that's kind of caused a little bit of turbulence from our supplies change standpoint. Are you in the giant Tire business or I mean I'd say a dip my toe in that that's there's definitely a lot of people better around town than me at it. But we do service quite not quite a few but a few customers those are wage harder to get maybe a lot of the stuff that we've been buying those have been manufactured Stateside. Yeah, and so I haven't really seen a big crunch on those yet. But when those crunches do khong On there are quite profitable for for a lot of people whoever whoever whoever has a product whoever's got the product when you say it's profitable. Are they raising the prices right price is going on, you know Peabody Coal Company or Arch mineral. I don't there's probably fund companies now, but yeah, but nonetheless, you know, if they're if they're if they're calling, you know saying hey, I need a XYZ tire for you know, this large piece of equipment, you know, somebody that's probably has a this particular piece equipment out of I couldn't give you an exact number of what it's making an hour, but you know time is money when they're down. So Thursday, whatever that yeah to get premium is to get it working. All right, let's we got a little more time here. Let's Talk about people your age. politics, okay What what are you hearing from people? I mean what what what are their thoughts? Are they all just Kind of brain dead about it or or are there is there more interest in it than you would think, you know a lot of my peers. I think they find a lot of their information about social media. That's where people get their news. And they I think that's I think we're reaching an age now. It's kind of almost like William Randolph Hearst and like sensationalism journalism long yellow journalism, like there's so much that you see on there that's fictitious or not true. But yeah, it's being shared and reposted by people and their you know consuming that knowledge without having that at first and considering the source. Yeah. It's as if this day of instant information one would think would lead to better vetting if you will. It seems like the opposite is true. Well, I think if you look back at that time. When I reference way Iraq First like well, I think like more like say the turn of the century time. That was like, oh, yeah largest growth of like a literacy the country had seen and So like, um, more people reading right without being able to digest the information that they're seeing. So this is like a whole new modicum of conveying this information to us and like we have to learn how to discern that much like we did when we learned we're becoming more literate during that time. I think there's a discern the veracity of it to see if what you're reading is indeed truthful and months worth digesting correct, you know. I'm interested in if they're going to vote that that is a very it's a million-dollar question. And I think there's there's a lot of politicians and a lot of parties. All around the country asking them that that's sold them that question right now in order to fully disclose your ages. I'm 2727. So you're in your twenties coming of age. And yeah. I don't even know where to go with that. It's going to be an interesting election. It will take a while to decide who wins or who does change but you know, do you think your generation Embraces the mail-in Vote or do you think they want to go to the polls and cast their vote? They're not afraid of covid-19. Definitely not for sure. However, I'm talking about from a philosophical. I mean you still have that's a very hard question to answer and I don't know if I'm some people don't want to put in the time to go right to go like get the mail-in Vote or even go to the voting booth, right? But is this latest thing are they passionate enough about what's going on to realize how important their vote is? I would almost say no. I think you're right. Yeah as much as it pains me to say that regrettable. Yeah, and well, there's still as you said coming-of-age about yourself a there's still a certain bit of invincible honest about invincibility and what make the word right for me. I just yeah. Okay. Thanks. Anyhow, there's a certain attitude. that they think everything's going to be okay regardless of what they do. Whereas our age which we are a couple of decades older than you are just a few. Yeah girl next. Thanks appreciate that. Yeah, we really have a sense of urgency to participate of course. Yeah, I and in some ways less to gain because the future is your all's right. Well, that's true. And which leads me to the next question. When are you going to run for office job you'd have I grew up on the the well, you see all floor of Richmond Kentucky. My grandpa was mayor for four years and her father was actually mayor have a grandfather was mayor of Richmond and Durham, correct? And my mom was actually a City Commissioner. So I saw that firsthand and I'll tell you what, I think probably whatever baggage that I have in my home. My closet I care not to take it out. It's just that's too too rough boxing match for me to get into I used to talk to your grandmother and Durham month when she was the Mayor of Richmond and she was a delightful lady very nice woman. I was very fortunate to get brought up by her and Faith be around her growing up. Yeah. She contributed a whole lot too. She was kind of ahead of her time as far as women. Yeah, I mean well, I mean you had Martha Layne Collins right before they're about eighty six or so. And then she was younger. She I guess she was elected to office and 88 if I'm not mistaken. Don't hold me to that but she got thirteen years in there's like a correctional year when they redid the like the like the how many terms you could have and all that kind of stuff like in the nineties and you know, it was just a it was a good time to be in Richmond Kentucky. That's for sure and but you didn't see an operate the way she did, you know, it was almost like March it Margaret Thatcher ask I guess in a lot of it was yeah see, swell sharing her right knee. She spoke credibly. I don't know. It's just eloquently and so demure I guess though. The politician nowadays is so different wage. On the top politician even at the eighties very much. So I mean, I think you have to be so careful to stay in time everything you do with the political politically, correct, you know ideology that's going on right now is crazy. It was interesting though is somebody in that in the eighties decade they seem to be very diplomatic office. And and maybe their diplomacy was a result of the fact that they weren't scrutinized quite as thoroughly as the ones today with the social media and everything being recorded off shared. I will definitely see that being chased. You know, he probably people a lot lost a lot of like, I don't want to say like tax but lost a lot of like way they convey things do the fact that they're always trying to be so consequently politically, correct. Yeah, it's it's tiring. Fact I don't know how anybody well you look at Donald Trump and just everything that gets said by every day. There's new stuff well and he puts himself off in that position to buy meeting constantly and saying foolish provocative things, right? I don't know that it's that foolish. I think maybe calculator. I don't think it's awful calculated than you would think. I'm sure it is. So Bill. When is your your necks? Are you going to get to have your charity this year covid-19 is you think Chris is Palm? Yeah, the what's it called? The Reindeer reindeer ramble, you know, that's that's to be determined at this and who does that benefit last year did Catholic Charities? So you do a different thing off just kind of depends I Brian babich Bob averages Sun helps me out tremendously with that and I've got a few other guys like Thomas Baker and some people have been pretty instrumental in helping. Me with that through the years so he actually just started out as just a way that we could all go out and drink when we were underage at my house. Oh like yeah when we were like twenty or nineteen or something like that. There was an agenda in the name of Charity. Yes, and then I think it met a morphed into this charitable deal here probably in the last four years or so. You've grown up. That's what it is, Crush you realize the importance of that. Well, we are we've been taking care of business and we're we're looking forward to watching you continue to take care of business and where your future takes you and we'll Morgan the 3rd Bill Morgan Tire. Thanks for having me on. Yeah. It's for Banda. Thanks for joining us coming up in the next hour. We will we'll be talking about the financial news that's gone on this week and we'll have Team debris joining us. You're listening to the Tom Dupree show Power by Dupree Financial Group. Stay with us. We'll be back in just a few minutes. This is what's happened. I just went out for a test Jackie and all weekend the president positive for covid-19. The president will be required to continue to do his job and it's questioned as who was exposed. He's used radio 630 wlap we live in uncertain times is not uncommon for investors to be fearful about the equity markets and what they may or may not do at the prom natural group. We are here to act as a sounding board for our clients and Prospects as they seek to develop understanding of how to proceed with their Investments since we are in Uncharted Waters Edge efforts are to educate God and Empower our clients despite the unique nature of today's investment climate. There are parallels with past markets that can be drawn. We can share some of these off He is with you for a free analysis of your retirement investment accounts called to pre-financial group at 859-233-0400. And be sure to listen to the Tom Dupree show Saturdays from 7 to 9 a.m. At Newsradio 630 wlap. That's debris Financial Group at 859-233-0400.

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Mask Pride | PM Show

The Michael Berry Show

1:11:01 hr | 5 months ago

Mask Pride | PM Show

"It's that time time time. Mocking load michael berry show is on the air everybody. A skill may not realize it but they do. Maybe it's running fast. Maybe it's being really analytical. Maybe it's being really good at math or science. They're all sorts of different skills that we have and mine is understanding people. I take people apart and put them back together. I understand motivations and understand what drives people in. When i don't i dig deeper one of the things having been involved in politics and having studied the making of policy for so many years one of the things that's always disturbed me and the older i get and the more partisan the left becomes the more this bothers me. And that is this phenomenon that there are people saying things in public and using our government to enforce certain rules and regulations policies laws on the basis that they do something good for the environment for people for humanity. Whatever that is when in fact they know that's not true they do it anyway and their reasons are very sinister fairy. Dark for instance. There are people driving around in america today. Who from the moment. They wake up to the moment they go to sleep are wearing a mask on their face. They've never done it before but they're wearing a mask on their face because they trust when they are told by dr fao she in different governmental officials. These are ominous news. Reports of number of people who've died they trust that. We're all in this together and let's all get through this together and i'll do my part and so they feel good about it. They feel good that that is like giving blood you know. They're they're helping out. The cause are helping out humanity being a nice person and they're sacrificing for the good of other people. Now that's a good feeling right. They're wearing a mask all day every day because they truly believe that that makes a difference they truly believe the people who are telling them that makes a difference. Like doctor dr fauci. He's a doctor. After all now he was on a panel with a senior member of the chinese communist party last week where he said some very disturbing things. The chinese media broadcast that to their population. The american media. Didn't i wonder why men what why would we tamp down with. Dr fauci said in front of the chinese. So what would be troubling about that. What about the fact that a year ago. He said that you shouldn't be wearing masks. 'cause they don't do any good. The world health organization had the same opinion. But then they decided yeah. You should be wearing masks and now you can't wear enough masks where so many mass until you finally keel over india which may actually be the goal and so what bothers me is the people who earnestly sincerely not the mask. Karen's not the people running around screaming at other. Everybody else to to put on their masks. Put on your mask calling in the cops and not the enforcers but people who genuinely are making a sacrifice themselves to wear this mask. And they don't know when they'll get to not wear this mask but they trust that wearing. This mask is making a difference but how many times have the experts been wrong. Well we know a lot of the time they have to have been wrong because they've given exactly contradictory advice. Either one or the other has to be right either. Don't wear a mask. It does more harm than good or do wear a mask and then where multiple masks from the same people within a relatively short period of time if you listen carefully the experts are making this stuff up as they go along to serve in unrelated to public. Health knows that stand for mojang china. Antivirus is reportedly killing people. But officials from the world health organization claim. The virus can spread person to person. Just breaking news. The virus that's spreading through china is believed to be highly infectious and actually can spread person to person but not to worry. Health experts claim. It will never reach america. The chinese corona virus has reached america while it is believed to be a respiratory illness health. Experts claim. you don't have to a medical mass to prevent it spreading. Remember when we said you don't have to wear medical masks we are. You do go out and buy as many as you can. but don't worry. The virus can't spread on surfaces. So there's no need to clean off every inch of your home. Health experts claim. We should lockdown society for fourteen days but after that we'll be right back to the virus can infect individuals from surface to surface contact and the estimated fourteen days to slow. The spread is actually going to take longer because a vaccine will be available for years. This health experts now. Climate actually will be available by october. Despite early reports that it would take years he would still make sure you wear a mask no way. Don't wear ask. Actually you probably should still ask quarantine because again the vaccines are in time. If you get vaccinated you can hang out with other people who are vaccinated with no mascot. And you don't have to socially distance this time. The health experts have got it right. Hey everyone did you hear that. We don't have to quarantine where masks if we get vaccinated. The health experts just said so and they're never wrong. There is a really troubling thing going on right now at our border and that problem once it's in the country is going to be a real real big issue if you had poison sitting on a table before you drank it you'd wanna keep it out of your system because once it gets inside we've got real problems right. I want you to listen to this question. Asked to jennifer pisarski the press secretary the white house but where is the cat. Today's a good day for the cat. I don't have any update on the cat. We know the cat will break the internet. Yup so we're we've heard about the cat. Burglar promised to cat. Well how about the fact that There is an insane number of illegal aliens coming to our border. She doesn't really seem interested in answering that. The number of migrants the has tripled in the last two weeks to thirty two hundred plus. Is that number accurate. I'm not gonna confirm numbers from here. obviously the department of homeland security and others are oversee the programs in the engagements the happen at the border. I will say that there are a couple of reasons. are asked about are kind of change in policy but there couple of reasons why we think people are coming to the border of course Individuals are fleeing countries where individuals and families. Are you know they're fleeing prosecution. Fleeing violence fleeing economic hardships and other things the region has also experienced two hurricanes in the fall putting further stress on the conditions in these countries in the circumstances that are facing individuals and all of this is taking place during a global pandemic that has impacted other countries economies placing undue hardship on. Its people just as it did in the united states so they're also range of factors that are leading individuals to come to the border. You confirm that that's very important number. I we've been very clear that there is an increase that there are more children coming across the border than we have facilities for at this point in time. Those numbers are tracked by the department of homeland security. So i'm certainly. I'm just suggesting that you talk to them about specifics from the numbers. Well i i would encourage you to go back to them and ask them again. We're not going to confirm them from the white house. It's not our program it's department department is encouraging that apartment to release those numbers and in the spirit of transparency. Does injury problems here at this point. We certainly encourage. But what i also think is important is to talk about what the root causes are here. And what we're doing from a policy standpoint to try to address the challenges that we're facing that these kids are facing as they come across the border in his great michael berry is crater. The michael berry show Own one of my favorite guests over the years. John hofmeister former president of shell oil company. You often see him on the national news being quoted on energy policy. And i think he's forgotten more about energy policy. Certainly than i'll ever know. John hofmeister is our guest. You were quoted on fox business last week and it's getting a lot of attention saying that joe biden's climate policies are offsetting the effects of the global oil market because they're hampering domestic production and to quote you. The reason gasoline is coming back up as we've been in a shutdown period for many of the refineries and so that puts a squeeze on what's available in terms of final product. There's something else going on. That's more subtle. What that is is that the industry the producers are practicing serious capital discipline and they're not roaring back to produce more oil and that they're getting squeezed by the administration and that that is going to hurt us at the pump twin to hurt the consumer zada fair assessment of your comment. Yes that's a that's sounds like a quote should should we expect to see more of that. And what does that do for consumers at the pump. Well the next six months to a year if we continue on the current course or not going to be kind to the consumer and we better get ready for three number on in the not too distant future. Here's the problem. It's twofold one during the During the period of coded the oil industry has taken a real beating on share prices because frankly the demand dropped so much and the price dropped so much that the companies aren't making money in order to satisfy their shareholders that they're running their companies with discipline and with accountability on profitability. They're not going to invest as much capital as they otherwise could to take advantage of growing demand as we come out from under coded and so it's gonna make for production to be a bit scarce in terms of production increase. It's not that we're going to run out of oil. I'm not worried about that. It's just that we're going to have a squeeze on supply versus demand as people come out from under kobe. They're gonna wanna get back in their cars go where they wanna go go to the airport get on a plane and so the just the normal demand for fuel that's going to increase the second thing that's happening is that the biden administration is putting the clamps down on the oil and gas industry. Just like we saw in the obama administration in the first term as they review the policies of the previous administration. So they shut down new leasing. They threatened fracking. they threaten access to federal lands. And that's put a chill on the producers taking the normal risks that they would take which adds to the squeeze on supply. Then if i could. There's a third factor. The third factor is the biden administration. Just got a shot across the bows from saudi arabia and russia as the opec meeting last week decided not to increase production in response to demand of global growth of oil demand and the shot across. The bows is expected. They that they would be a one and a half to two million barrels. A day increase in global oil production. But they said no we're gonna defer and i. I've said that the reason they're deferring is in my view. They are just saying that abided administration. You wanna be hostile to the oil industry. Well here's your return on your possibility. Prices are going up for the citizens of your country. Full stop. Don't underestimate the russians of the saudis. Not looking after their own best interests. They will always work for their own. Best interest where we're at a period of rising prices. Michael and and you look at what other commodity prices are doing. Copper would natural gas spiked there for a bed. And there's already inflationary pressure when you increase the cost of energy to the end user. That's just one more of those triggers that that sets off potential inflationary pressures and that's going to be that's going to be a real problem for biden as it was jimmy carter. Yes yes But don't underestimate the shareholder pressure on the oil and gas companies to show some respect for for the because it's been bad it's been really bad. And and so gerald has deserve a return on their investment as they always have and so the capital discipline. That's gonna stop people from announcing big new projects And and and. But here's the here's a. Here's here's a uncompleted. Wells across the oil patch is very high. It's many thousands of wells have been drilled. But they're not completed so it's not like we're not gonna have access to new oil anytime soon. That's new oil. that hasn't yet been been produced. So there's we're not going to run out But but it will get a little dicey on the price side when you talk about capital disciplined the especially these public companies. They're they're sitting on cash do they. Just keep that cash on the sidelines of and how do they. How do they offer their dividends. How do they they get a return on their investment. If they're not putting it to use well a lot of them have cut back their dividends and before they start spending more capital. They're gonna find a way to reinstate the dividend and nadal us up the cash that they've got sitting there but yes there it's inevitable that there will be more cash coming in because of the rising price for finished products and and eventually capital will increase unless the government has really made it very difficult to get new leases new permits. And that that's the case we we don't know yet who's running the energy story inside the new administration I've known biden for a long time. I don't think it's him personally like it's deciding. This and there are Whether it's the energy secretary whether it's a you know some of the Climate group in there or just who. But i mean they've taken a reasonable position to just blow everything down while they study at. I understand that. But i do worry that. There's an ominous feeling among those of us in the oil world that this could go on and go on and go on and that would be bad for consumers. Does this become an industry. That the smart money moves away from No not not the long-term smart money we're going to have oil and gas for decades to come. There's no alternative. It's percent of the energy supply to the nation and those people who want to keep it in the ground who wanna shut it down treated like tobacco or treat it like coal. They don't understand how oil permeates the economy of the nation and the world. It's in our fabrics. It's in our food processing. It's in the fertilizers that grow our food per patty. And there's no alternative to it. Mean people talk wind and solar. I'm all in favor of wind and solar and it shall we had wind and solar even back in my day and and so but but wind and solar don't have the density of oil and gas in terms of providing a you know the energy we need plus wind and solar do nothing to fill the gas tank limit is just not the same kind of energy. It's not liquid it's electrons and so there's gonna be a transition. I'm all in favor of an energy transition. Because i think of it michael. Is we love technology in this world and americans in particular love new technology so the electrification of cars is a technology. Change which people love. And there's gonna be more of it but that's not the end of oil. You can't put a battery in an airplane. You can't put a battery in an over not yet anyway. In a in a long distance class eight truck that goes across the country in in two or three days. And so there's all kinds of applications. That's we're going to need oil and gas for years years and years to come john. Can you hold with me for just a moment. Sure john hofmeister is the former president of shell. Oil and now is involved as chief founder and chief executive of citizens for affordable energy. We'll ask him about the texas power grid and what happened. Coming up dr king dating and this other guy michael berry former president of shell john hofmeister is our guest john. I'm sure you have some thoughts on what happened with the collapse of the texas power grid. Well it was an excusable and it was all human driven starting with the last three governors of this state and every legislature in between they have abandoned the texas consumer when it comes to the needs for grid power and grid electricity. From my point of view since george w bush was governor and was convinced by people like ken lay and jeff skilling from enron to turn to darwinian capitalism in the running of the power grid of texas. I mean think the second most populous state in the nation with a darwinian system where everybody from the generator to the distributor to the independent retailer. Everybody's out to make money. But nobody is accountable to the consumer and the the the officials that run this state who make the laws that put in place the structure of the utility industry and the essential nature of the grid Just i they just walked away. They would decide. What should they have done. What would have been a better approach. Well look around. What other states are doing and see how others are managing it with all kinds of weather variations and and understand and also this independence of air. Hot independent we're texas has cut off from the rest of the nation. In terms of linking up no other state is independent in that regard so this this fierce independence in in. What is a commune. All basically a communist society that depends on each other and i think the the distinct separation between the generators and the distributors were just too much they don't have common interests should be the end user customer. That's what grids are for to take care of the end user strimmer and this notion of not whether i think facilities and the and the legislature and the governor's did nothing about whether izing i mean come on what who's who's head needs to be examined here it's not urquhot and it's not the puc that's at fault here. I think it's the higher officials who are not taking accountability. And that's disturbing to me. But john somebody has to wear that cost of winterizing right and these were sort of record lows. You've got a pass that off. It's sort of like everybody wishes that bought insurance once. They're in the crash but people don't wanna do it ahead of time to what extent was the marketplace willing to pay for something that was a very low risk incident. Well i i think if that the rules have been set in place twenty years ago when we deregulated so so savage like i think people would have done what they were required to do. The thing about. Companies companies are basically compliant. They will do what they are required to do and consumers yes ultimately they'll pay for that winterisation but if you space it out over time and you have an expectation that you know. The facilities need to be robust between this temperature. Extreme and the other temperature extreme engineers. How plan for that utilities. Don't shut down in minnesota or north dakota because it's cold outside and the wind towers. Don't shut down in those states because it's cold outside. And i told her there than it is here so i just think it's a failure of leadership. Michael let me ask you for the voters to to let me ask you about the diversity of win of of energy capacity and energy transmission. One of the things that's been talked about is decreasing the reliance on natural gas and and the fossil based fuels an increasing reliance on wind which we know went down. And why we don't have more nuclear. What's your thought on on the what should be in our toolbox of power generation. Well it's good to have a diverse set of supply for all kinds of reasons And it takes advantages. I said earlier. With technology as technology evolves. We want to take advantage of that. But the base case really should be robust nuclear because of the density of the energy supply the reliability of nuclear or the cost of nuclear. I mean there's ways to do nuclear much less expensively than we've done it in the united states with the big big nuclear reactors and i think technology will change that over time. I i'd look at nuclear twenty to twenty five percent and a minimum and we're not there in texas we only have what a couple of nuclear reactors i think gas and Natural gas should be a big winner. Thirty thirty plus percent wind solar this move towards twenty percent. But here's the here's the rub. When we do wind and solar we have to provide storage capability. We have to have big battery to pick up the gap when the intermittent see sets in when the wind stops blowing or the sun shot. Stop shining. so you can't go much about twenty percent on wind and solar unless you're willing to pay an awful lot of storage capacity and i was pleased to see tesla is putting in a battery set down and angleton. That's a good start. Funniest saying that. Only a start it. That was my set of questions for the next segment. And i'm gonna. I'm gonna get to it but let's go back to nuclear gaza. Just look at what would be the best thing to do. The engineers and scientists all talk about nuclear. To what extent are we irrationally. Afraid of nuclear because of fukushima chernobyl and three mile island i think there are worries. But you know there haven't been massive deaths as a consequence of those And in fact three mile island there were no deaths. there was some deaths. Insure noble kushima was What is still a problem. A big problem and that was the but ironically all three incidences where men made incidents in the to decifit kashima. Were were drownings. They weren't tayyeb nuclear anyway. Right there was a su- nami coming along. I just find it interesting. That a lot of guys like you that look at this from more of a scientific basis a little more Right brain i guess would be the term say nuclear nuclear nuclear. But you can't get anyone to say that publicly In the political world because there is such a fear of that word and and the explosions. And i don't know that the chernobyl film help that issue either john. If you'll hold with us for one more segment. I wanted to ask you about tesla and i want to ask you about the likelihood you start to see more. And more of these tesla panel advertisements. Coming up alon. Musk is a great marketer. Is that where we're heading to. What extent will that be a major source. How many how many people will that in their households. And what you expect out of electric cars coming up with john hofmeister former president of shell that i get from the show that i don't seem to get from other places the michael berry show. It's knowing that your door is always open lender pad this free to all john. Hofmeister former president of shell is our guest john. My financial adviser is a nut for elon. Musk and has been following his career for years and he told me years ago he look elon. Musk is not really about the car. Business the cars are just a way to demonstrate that he has a battery technology and to get those batteries in our homes. How realistic is it. I'm seeing more. And more of the tesla ads of people powering. Some percentage or all of their domestic energy needs their house whole residential energy. Needs with these panels. Yes well i think that the you know the brilliance of eline mosca says technologies love for technology and whether it's boring business underground boring tunnels or whether it's spacex or whether it's the tesla vehicle or the solar panels he loves technology and he's a good thoughtful technologist. What there is for the future is the electric fixation of everything is probably unstoppable because of is so direct and so usable and it can be so you know so so affordable as well and so whether it's the the batteries that are being used for storage to take pick up the intermittent city of wind and solar or here's another one hydrogen fuel cell technology. Which tesla doesn't any line musk's doesn't appreciate but the ability to power your house with The kind of battery off grid battery power which you get from the grid and just to maintain your own capability for an extended period. That's the beauty of a battery as you get an extended period in the event of an outage. So i think there's a market there. And i think with time people are gonna look and see. How do they secure their home. 'cause the more we go to intermittent see them more blackouts. We're going to have it may be short blackout could be a long blackout but this this notion of the intermittent energy source as the primary source and some politicians are pushing that in fact the whole climate movement is pushing wind and solar. If you start getting above thirty percent wind and solar and that's your dependency you're gonna have a lot more blackouts or brownouts and so you better have some security in your house. That's what the panels represent security home but when we talk about solar you look at elon. Musk's solar city of his platforms. That does not appear to be the most successful which is still high bar but it looks like he. he's using the other entities to subsidize that it. I'm still struggling with solar as soon as a stable energy source because it doesn't appear to be able to keep up with traditional fossil fuels. It's one of the reasons that when i shall. We bailed out of solar. Because it's it's it's not really robust technology to until we get something. We need a breakthrough on solar when you only get twenty percent efficiency out of the source of energy which is really high end. Solar twenty percent a lot of solar all particularly the the silicon The photovoltaic Particularly the chinese stuff. It's down around ten twelve fourteen percent. That's not very good efficiency. And so you pour a lot of money into a solar set you you decorate your roof for your backyard with solar panels. You're not really getting a whole lot of energy out of and and so i think we need. We don't have yet the technological breakthrough the takes it up to say high. Thirty s forty percent fifty percent would be much better. Because that's what you get out of fossil energy you about fifty percent energy efficiency sleekly or you get even more. Which is why it's so popular with as you say the scientific crowd. What are you bullish on as the up and coming or the next big energy trend i think i. It's a good question and as you may know. I'm on the university of houston energy advisory panel and. We just had a meeting or winter meeting on monday. And this is all of the experts across the industry. And if you take sarah week from the week before you take the u. of h. energy advisory council. And you but what do you hear coming out of that. What you hear is a tremendous movement toward hydrogen as an energy carrier which can be turned into electrons and it can ultimately be turned into liquid fuels. It's a lot of upgrading and it's costly currently. So we need some breakthroughs on. Cost of hydrogen hydrogen comes from water. Or it comes from natural gas. There's a green hydrogen and a blue hydrogen. Green hydrogen comes from water blue hydrogen from natural gas. That's the common parlance. Hydrogen is something we've avoided because we don't fully understand its capability but that's the big movement i think over the next and this is not short term over the next ten twenty thirty years. We're going to see the big energy companies which understand the chemistry of hydrogen. And that's a big deal. The chemistry of hydrogen. They're going to be making major inroads for both decarbonization purposes and also for energy supply purposes to figure out how to take best advantage of that nuclear is always going to have the problem of nuclear waste and we are fearful of nuclear waste. That's why we're holding back. We don't have a solution for nuclear waste that we did george w bush his administration Started the licensing of yucca mountain in nevada to store nuclear waste but obama. Shut it down. When harry reid said i don't want this facility in my state after spending twenty billion dollars to what extent is the marketplace going to find the solution for our energy needs based on the ability to make money off of it into to. What extent is it going to require governmental injection and subsidy into the infrastructure. Because it concerns me when you look at the obama administration supposed- investment into things like celinda and their attempts to drive innovation through through battery technology. And it doesn't seem that they make the best choices and yet it doesn't feel that the marketplaces rewarding the most efficient because of the huge huge up front cost got about a minute and a half in the segment. The politicians are driven by a different factor. Then are the the the the the markets the markets are driven by science supply and demand and technology. The politicians are driven by. What do i have to say to get elected. The politicians don't understand energy. They can't have a conversation about energy. i level knowledge. It's only what somebody has told them about energy and they choose what they think is popular. Make it sound good. The politicians deciding the future event in texas from politicians in texas on the grid. Very happy as you know about that. But the since cannot determine the future of energy markets technology supply and demand will determine the future of markets. That's why the diversity of supply is so important. Let the market decide what they like. That's why the of availability of products whether it's gasoline from oil or gasoline and ethanol from biomass whatever. The markets are To their role as enablers they should be enablers. Not determine irs enablers put in place the incentives the ideas that can get funded. The they open up possibilities. That's the role of politicians. As i see it not determiners of fat and you will have this much solar. You will have this much wind. And so i. I think we we've got an imbalance right now with too many politicians thinking. They know too much which they don't know headlines trump or a great guest. Thank you for spending time with some police. Come back and see it's that time time mocking load. Michael very show is on the air. Probably sound a lot like landfall saying this but remember when we used to care about how much money our government spent and then all of a sudden we just didn't that seems odd doesn't it did. Did we lose sight of how important this is. I mean if your next door neighbor started buying a car lot full of automobiles and didn't get a pay raise. You'd say he's up to something no good. If your kids start spending money. They don't have and running up credit card bills. You would say wait a second. I taught you better. So how is it that when our government does this. We've stopped being irate because we're going to have to pay for it. An article appeared in Heritage appeared in daily caller by a writer at heritage mathew dickerson entitled. Congress must confront spending congressional budget office. Report confirms joel. Griffith is research fellow for the institute at the heritage foundation and we have asked him to come on and address this very issue. The congressional budget office's budget and economic outlook released Forecast spending taxes deficit and the debt. And says they will all be at record levels. What in the world are we doing here. Joel such a great question. We some sobering reality and you. Us how we can get away with this. How can politicians spend trillions of dollars that we don't have and borrow it and yet they're not be enough or well that's because we We temporarily enjoy this massive printing and borrowing just as you would if you were to take out the thirty thousand dollars and take a four month. All expenses paid trip to one of the few countries that are open in this world. You might really enjoy that vacation. You're not going to enjoy is repaying that low and repaying the interest. And that's something that really shows up and this congressional budget office report for you listeners. Cbo is not some not part of an organization. It's it's actually a nonpartisan numbers. Cutting outfit run by the united states congressman bipartisan. Just look at the numbers look at the data and with the trajectory that we're on nearly nine percent of our economic output within a few decades. We'll go just to pay the interest on the national debt and think about that nine percent of you your year. That's about five of your workweek. Every year not going to fund the government just to pay the interest on the debt that we've taken out and we made this matter so much worse over the past year when we had this economic recession caused by shutdowns many of which were absolutely senseless. We have gone ahead and borrow trillions of dollars to make people feel as if they're actually not subjected to this economic misery. Well we're just delaying the inevitable and Congress has to get its house in order. We're all going to be paying for this down the road. Well and as as we discussed this They've just passed a an almost two trillion dollar quote unquote stimulus package That that they're calling covid relief. Despite the fact that this covert relief Has over three hundred billion dollars to bail out mismanage states eighty six billion dollars in pension bailouts. Because i don't know what that has. Covert eight hundred million in foreign aid because that's related to covid and more funding for abortion so it strikes me that where we got into trouble was saying well covid was bad. Yup let's send people some money okay Yeah here's here's a bunch of money and most of it's not going to the people but we'll say it's for covid the media will back it up and by the time they figured out it'll be too late. There comes a point where you can no longer spend like drunken sailor this profligate sp spending. We cannot continue. How how long can we continue this. Well we're already beginning to see some of the repercussions of this We have seen an uptick in inflation. You're probably noticing some of your prices just on your expenditures growing a bit steeper on. That's actually going to We have the risk of accelerating going forward. Now in fact it's not just people like myself that believe in free markets That better thing. This president obama's former top economic advisor lawrence summers actually born prior to the passes at this latest monstrosity of spending package that this is running the risk of deriding prices heating up inflation and inflation. That's a hidden tax. Those people don't actually they're not able. They don't actually understand government policy that has largely responsible for this but yet we are going to pay for this with the food cost going up or home cost going up And for those that have been responsible and saves that's tax event because that means the money that you're that you have faith in socked away you might be earning a percentage of the lucky percent per your interest when prices are going up to three or four percent a year. That is making your savings worth less and less every year if government confiscation of your savings without ever tax actually having been posed a few immutable facts. I've learned over the years number. One is if you want to lose weight instead of thinking about all the things you should eat. Think about what you should not eat. That's better for you. You're not gonna eat your way skinny and for all of the ways that you're going to get your company or your trouble out of our yourself out of financial trouble. It's not by growing the revenues. It's by decreasing the spending but that requires discipline if everybody has their little bit in the omnibus plan. Then nobody complains. It's only when somebody gets pushed back from the trough and someone else gets what they want. But what strikes me as troubling joel is that there is no real consensus. There's no real constituency any longer for small government. Everybody want the defense. The hawk crowd wants. There's the welfare crowd once they're greenie weenies one. There's everyone has their their little thing and as long as they're getting theirs they don't care about the overall problem in the tax payer suffers. You're you're exactly right and we see this in this package. We see Unemployment benefits Federal unemployment benefits that Continue to ensure that many many millions of people earn more off the job in on the job. At of course that generates quite a bit of political support we he checks that are going out to ten millions of americans At a time when thankfully most people have regained jobs. That that's what you're you're working this checks going to people just just your breathing And that's of course. A lot of people are happy to see those checks. The positive checking account barring generations. You got mentioned a second ago. Hundreds of billions of dollars going to bail out failing cities and states forcing tax payers in places like georgia florida texas to pay for the huge financial airs in california and new york basic failing public sector pension plans Through the back door on this because there's a lot of people that up that applaud that So we You know and as one point nine trillion dollar bill. We see a lot money going. To many many people in fact the majority of people will likely see something of so-called benefit from this program but once again we gotta keep our eye on. How is impacting our long-term economic feature. We are heading into a danger zone. We know for instance that we have our social security trust fund that it's set to be depleted in twenty thirty two I think we're going to pay for that We're going to have to raise taxes. We're going to have to cut spending that'd be taxes by the way not just on the wealthy on everyone 'cause the taxes on the wealthy just not enough there to actually pay for this so we're talking about a combination of tax cuts benefit reductions or. What i think is highly likely. Would you arrive at the cost of goods and services even more. We're not gonna get away with this. No not forever and and the troubling part is we are on a train that is on a fast track to crash into a wall and you can see the wall out in front of us and everyone is pretending that if we just don't look all will be well. Joe griffith thanks for being with us from the heritage foundation. The pieces entitled congress must confront overspending. Cbo report confirms. You can read it on our blog at michael berry show dot com southern fried southern fried the michael berry joe own breakfast table in the last the serta q. Liquor i want to introduce myself to houston single. Let me get on here day and do my comment. I'd be telling to phone thing you'd be turned on on a lotta channels. They don't tend nobody no kind of they just tell you ignorant. But i'm a real way thing the absolute faculty things because i as the voice of democracy from the people who stay on mass street anyway. I'm they representative. I got nineteen years. No yonex maha got him. And i don't actually remember they name failure. I got clinton media cattleman shit. The'd iran zillow lamont alot ron jack daniels bubbalicious couponing and it just goes on and on so be listening right you on the radio station dc. Tell you mom my act has she doing. I always forget to thirty s j at epping here and all around gold vivant. She has been writing over the last year of note to me on a personal perspective on what's going on in new york and as the cuomo administration has spiraled out of control. She has been one of the folks that i have looked to for perspective. She's recently written a piece. Entitled texas shows the way on covid rationality carol. We spend a lot of time. Yelling at greg. Grab it as i call him because of his markdowns and mask mandates which he recently lifted in fact. Today's the day today's the day of the lifting so we get the government we have in texas because we demand so much more. We don't take it for granted. But i thought it'd be nice to get the perspective of a new yorker. You guys are doing it. Right right Well thank you so much for having me always loved being on with you Yeah you know. Texas has not been perfect I think florida's going to win the award for best best job during this whole year but texas is a state that like sits freedom and is known for that and i think texans really demanded a lot from the governor and he is hopefully delivering I think all states are going to have to be moving in this direction. It just they. Maybe don't realize it yet and i'm happy. Texas realize it sooner than others. I'm not sure. Greg grab it. Came to his senses on his own was an interesting that happened. Cpac had a poll and he came in zero point zero now to put that into perspective. John casick got zero point. One and mitt romney got zero point. Three this might seem laughable to you but we know it here. Greg grabbing his up for reelection next year as governor and he plans to run for president in two thousand twenty four he's trying to build a national profile and rhonda scientists and kristi noem and of course the trumps are are way ahead of him and now he's to bolster his conservative credentials. So i think part of this was a way of saying. Hey i want carol markowitz to notice me down here in texas. Because she doesn't he and he's you know i did Again i think that you're absolutely right. That governor disoriented or kristi. Noem have done just a far superior job and have their own national profiles by just going the right direction and ordering on the side of freedom But it's so funny. Because obviously obviously i would trade in my new york politicians for one greg habit But i like the texans are saying. Okay he he might be good compared to andrew cuomo. But that's not enough for us. Yeah we're very exacting in and we have high standards and you know. I would argue that. We're greg grab it. The governor in new york. He might look a lot more like andrew cuomo because he has a tendency to read the tea leaves and say where is the largest group of people. And i'll be for that and so and that's been a knock on him his entire career. He is to the left of texas electorate. We expect no lockdown and no mask mandate. We got both and you know so. What's funny is outside. The state grabs being criticized. As you know you. Texans your neanderthal thinking and we're going to liberal for us. Yeah that's amazing it's a really a testament. Texans maybe i should become one right. Well you know what You would make a great texan. Admit by way. I think russia by birth new york by all those years. You you would. You would bring a lot here and you wouldn't bring the baggage of the bad voting speaking of your also. Your state is excellent converting I had cousins visited. Texans were fairly on the left. Came back republican. So you know it's funny. People don't come. I'll speak particularly to. Houston where i live. People don't come to houston with the intention of staying. They think it's going to be a way station a stepping stone to their next big job but they got a job here and twenty years later. They find that they love the place. Because it's hot and humid but the people are kind low cost of living high standard of living easy to get around and they're surprised how much they end up loving it. And that's not to mention the low taxes. Low regulation on state. You know community minded family oriented. And all the and it's an international laced with that whole texture. But what about your governor. A sixth eight now coming forward saying he got hansie with her. Is there ever a point where he steps down. I don't think so I think he thinks he can politically ride this out previous down. You know other democrats governors have written out things like black face. He feels like well maybe he can. To and the truth is you probably will. You probably will ride this out and maybe even win a fourth term. I wouldn't bet against that. I think the media is so openly on his side and has been throughout this whole process. At the last year they've hoisted him on this pedestal and kept him there and it's not hard to see that he lets this all kind of ride and doesn't get any push back on it and sailed into a fourth term victory. When is he up next year. And is there talk of anyone. Serious running against him You know there's more talk now but it's very hard and especially because it new york is such a democratic state but he is considered a moderate democrat in our universe which i know it sounds crazy texans and it is crazy. But it's the case that when you have especially Governor cuomo when you them side by side with new york city mayor bill de blasio of the basically a marxist and homo comes off is sort of rational So it's not hard to visualize that he will win again I i hope that that doesn't happen. Obviously and i. I would love to see. I know i'm dreaming here. But i would love to see the media focus on the actual story instead of These allegations which i think are important but a secondary story the fact that his administration has admitted to covering up covert deaths. Which is something that governor rhonda scientists gets accused of. But nobody can ever actually prove. Here's a case where new york actually did this. And it's not like a bigger story it should be. It's so disturbing and credit to janice dean for staying on it and rodney cam for stepping. I have one minute left. In this segment. Florida's wide open. Texas headed that direction as as mississippi. I'm hearing that. It is so bad in new york right now. It is practically a complete lockdown. It is so bad. it's so bad and it does not promise to get better anytime soon. Schools are part time People are wearing masks on the street. Whether or not near anybody. It's been back and forth to florida. It's a different universe. It's like stepping back and forth in time Florida is happy and open. And nobody wears masks. And no risk situations like outdoors. It's magical new. York has always been one of my favorite places in the world visit to eat to go to shows to go to concerts to walk around and to think what they've done to that city. It's just it is it is true. I hope it gets better. Carol markowitz always dear. This is the michael berry show You might have noticed how many news stories now relate to transgender issues and most people probably don't know anyone who's transgender and you're deeply troubled by the concept or doesn't bother you at all. It should make you wonder why that has become such an explosive issue and why it dominates news cycles. What is going on here. Well we've sought out an expert on the matter. His name is ryan anderson. he's a phd. The president of the ethics and public policy center the founding editor of public discourse the online journal of the witherspoon institute of princeton new jersey. He's written a new book. Called when harry became sally responding to the transgender moment. And the best thing that ever could have been done is it was banned by amazon. I swear these people never learn ryan anderson. When harry became sally responding to the transgender moment. Before we do that. Why is this such a big issue in the news today. Well i think it's a big issue in the new state because Activists have captured one of the two major political parties and captured many of the most elite medical institutions and as a result Last week the house of representatives passed the so called equality act which would write gender ideology into the civil rights act of nineteen sixty four next week. The senate is having a hearing on that bill they consider whether or not to pass it and then at the same time there were It was a little over a decade ago that the first pediatric gender clinic opened. Its doors in the united states and now today there are over fifty pediatric gender clinics where children are being placed on puberty blocking drugs. They're being given cross sex hormones that in some cases we've seen even teenagers have had double mastectomies has part of their so called gender therapy and so The reason this is so much in the news. These days is that there's a lot going on and it's very disconcerting to a lot of american What is being done. What do you think is driving this. It's a combination of misguided But sincere but sincerely this guided Sympathy and empathy for people who are struggling with gender dis for you. I think it's a so that part of it. I think part of it is A certain ideology that looks at the body as kind of Not having intrinsic meaning or purpose. I think somewhat driven by a political process in. Which if you were in favor of gay marriage are now expected to be savor of transgender rights or transgender equality. And she's anything have deeper causes right. We could go deeper into where this is coming from. But i'm interested. I'm serious because i think a lot of people are saying. Look it's not a big issue to me but why in the hills it being shoved down my throat. Yeah i think the the deepest issue there is that look. There are people who are struggling. They they're not making it up. They're not faking it They didn't like actively choose it but they feel deeply offensive just comfort with their bodies. They're being offered a bad advice when they're told the solution Is to transition either. Hormonally or surgically and then that worldview has been supported by a large political movement. That wants to see itself as the inheritors of the civil rights movement and so when you add a bad anthropology bad understanding of our embodiment as male and female with genuine sympathy and compassion for people who are struggling with a bad political ideology. I think those are all coming together. What made you want to write this book. When harry became sally responding to the transgender moment. I got to know someone personally and then i came across other people Via the internet who had transitioned and then regretted it And you know in the case of the person who i know personally and in the case of you know people online they had been told by the medical expert. This is in their best interest. This is going to bring them wholeness and happiness and it didn't work and then You know that piqued my interest. I started looking into it. And i saw that. The data's not there the science is there and the the philosophy that kind of guiding it is based on a misguided. Dulas them a dual them where the real south is something other than the body is based on some misguided stereotypes that actually building off of the stereotypes that feminists had been criticizing right. So if you're a boy who plays it barbie. That means you might be a girl. Trapped in a voice body right the idea that you could be trapped in the wrong body's already embraces philosophically misguided them and then i got to know some doctors who had been working That who thought that it was kind of misdirection of medicine. Ever better therapeutic techniques. That would try to help. People do what is possible which is to feel comfortable in their own body rather than attempting to do impossible at sporting the body To make it something that it's not so so that i understand your position. Your concern is not whether some people have this and and carry it to full blown. You know transition or whatever your concern. Is that when. This is so blithely undertaken. We're going to have people who are going to do something that they later regret. And maybe there should be a little more circumspect circumspect approach to this what me a at the very least with children i mean i think it in in everyone's case they should be Given accurate scientifically informed philosophically. Sound advice as to what's the likely causes of their generous for you are the best Therapeutic responses are This is a free country. Adults are free to make their own choices including to make mistakes. But i don't think that's The case when it comes to children. So i think you know. We're going to distinguish between adults. Who may want to transition versus adults who are transitioning kim's adults who are blocking the biological natural of children and adults who are placing teenage girls on testosterone adults who have performed double mastectomy as on teenage girls. So we're going to have to draw a line but and then we haven't even gotten to any of the other policy questions about to with you know female homeless shelters. What do you do with email. Sports when boys who identify as girls or winning you know girls of competition I mean a whole host of Of issues here. It would certainly seem so. We'll continue our conversation with ryan anderson. The book is called. When harry became sally responding to the transgender moment. If you can't say something nice you can always say on the michael berry. Show ladies and gentlemen. I'd like to introduce the high hand. Go now pam right now. The penal at fifty seven years ago today mary-anne carlson was born in stockholm sweden. Her surname from her stepdad. Don cherry to become nina cherry. She had a big hit in nineteen. Eighty eight for you. Young folks out there in college. Your mom got out on the floor and danced dirty to the song in nineteen eighty eight. Trust me just ask you see the term transgender in the news every single day today. It is the latest in a series of issues that you're expected to conform to the opinions of other groups. And you're a horrible person. If for whatever reason. You're a holdout ryan. Anderson has written a book called. When harry became sally responding to the transgender moment yearbook was banned by amazon. Which of course gave it a lot of free publicity makes it hard to sell the darn thing that gives it a lot of free publicity and as i understand they never told you i correct in about two and a half weeks now and They still have not told us. What is objectionable about the book. All they have said To me to the publisher To you know members of congress who have asked that violates their contents policy but they won't tell us what aspect of the content policy it violates. They also won't tell us which page of the book you know committed the violation so we have no idea what they don't like about the book There's no transparency on any of this So it's you know they just give us advance warning. Even though you know their policy on their website says that before they remove content they will contact the author and the publisher to explain so they didn't contact us ahead of time and they still don't They won't tell us what it is about. The book violates the content policies reading about the book. There was a. I'm going to read one line. This book exposes the contrast between the media's sunny depiction of gender fluidity and the often sad reality of living with gender dis fauria. It gives a voice to people who tried to transition by changing their bodies and found themselves. No better off especially troubling or the stories told by adults who were encouraged to transition as children but later regretted subjecting themselves to those drastic procedures. How often did what percentage of the cases do you estimate suspect guests. That is we know. There's no reliable data on this and unfortunately it's everything that we won't know until It's too late. What i mean by that is The take the united kingdom. They've seen a four thousand four hundred percent increase in the number of miners who are coming to gender clinic's seeking sex reassignment procedures and just Now it's two two or three months ago The uk court put a stop to this because there had been a seventeen year. Old girl who was placed on testosterone had the surgery and then in her twenties she regretted it and she filed a lawsuit and so the court is now saying that before you do this and the other children in the uk you're gonna have to on a case by case basis apply for court approval because up until then it just didn't you know any doctor in any Child could just go for it. So we don't get no and it's the type of thing that Some researchers who are in favor of transitioning adults and are even in favor of transitioning. Some miners are saying that what we're currently doing is way different than what we've been. Historically doing something else is going on within the culture that so many high school and college age girls and women are feeling uncomfortable as girls and women that are identifying nonbinary or identifying as gender ambidextrous and that the solution to to all of these individuals struggles is not testosterone and surgery. And so we need to not use an outdated protocol For you know a new social phenomenon But i can't give you what percentage that's going to be And so we're gonna unfortunately it's it's it's a live experiment that's being conducted as we speak On these individuals there's no long-term study on with the long term consequences is our of not going through your biological puberty. We don't know what this'll mean for. All the kids are being placed indefinite indefinitely bait on puberty blocking drugs. Yeah and and what what worries me about this issue as with so many others is it's bigger than people who don't feel comfortable in their own bodies or whatever else it's bigger than all of that it's about whether we as a society are going to discuss and debate and and learn from and share ideas and these sorts of things and the moment the discussion becomes if you don't agree with me if you question if you criticise then it's because you hate this group of people that is a very unhealthy approach to any public policy issue and i don't get benefits. The people going through it. That's exactly right. We need to be able to have is a open honest and compassionate but also candid conversation about You know what is in the best interest of someone who is not feeling comfortable body. How what does the evidence so With this the Experience that people. Who have transitioned show. And unfortunately if you just say one side of this discussion by definition is hateful and bigoted and all the rest. All that does is shut down the conversation and obviously amazon. You know removing my book From sale and they told the book for three years They had been selling for three years. And then all of a sudden they remove it. What does it sends a chilling message. It shows the book industry in terms of future in terms of publishers. You know who's going to want to write a book on this if they are now. Afraid that amazon delivery of the book and the publisher who was publishable if they're afraid amazon wolf dealer fifth. I'm prominent enough. That enough people heard about it that they bought the book at barnes and noble and walmart. Whatever other people who might not be prominent enough they might just say. It's not worth the risk. I'm just not going to write a controversial bulk rate. So that's with at stake here. It's not just about you. Know my own Book sales or something like that. It's about what's going to happen to our entire holzer. If the largest bookseller on the planet is a book arbitrarily. Dos books like this. It is ray bradbury's fahrenheit four or five one come to life. The world's largest bookseller is now the world's largest book banner the fear of knowledge. The fear of ideas is not rooted in the best of human emotion. They still sell mein kampf. They still sell the anarchist's cookbook. They still sell you know Differing and i'm all for them doing that. Because i am a big believer in the marketplace of ideas and that when you attempt to silence an idea you tell other people you tip off to other people. Maybe there's something in there they fear because it's true maybe there's something they fear in there that they hope to to stifle. And when when. I see that my personality is. I'm more likely to want to buy the book then less ryan anderson. Thank you for being our guest. The book is when. Harry became sally responding to the transgender moment. I appreciate thank you and goodnight.

michael berry john hofmeister texas John hofmeister biden administration obama administration tesla dr fao dr fauci chinese communist party Dr fauci john world health organization jennifer pisarski department of homeland securit department department america biden
Amazon to Buy MGM in Bid to Boost Streaming Content

WSJ Minute Briefing

01:55 min | 2 months ago

Amazon to Buy MGM in Bid to Boost Streaming Content

"Nobody builds five g horizon bills. Five g we made fast even faster with verizon. Five g ultra wide band already in parts of many major cities. This is us pushing us. It's verizon versus verizon this is five jeep built right. here's your mid daybreak for may twenty. Sixth i'm waylon for the wall. Street journal amazon agreed to buy the hollywood studio. Mgm for nearly eight and a half billion dollars including debt the deal would turn mgm founded in the silent movie era and now best known for its james bond movie franchise as well as popular tv series into a streaming asset for amazon. It would also be amazon second biggest acquisition to date after its thirteen point. Seven billion dollar purchase of whole foods. Twenty seventeen in a landmark decision. A court in the netherlands has ruled that the royal dutch shell. Oil company is partially responsible for climate change and ordered the company to reduce its carbon emissions by forty five percent. Twenty thirty lawyers say the ruling which shell can appeal could set a precedent opening up other oil companies to legalize ability for their emissions and we report exclusively. The positive marijuana tests are up among. Us workers data from quest diagnostics shows that the portion of us workers testing positive for marijuana climbed higher and twenty twenty while the overall share of positive drug tests. Plateaued seventeen states pass measures legalizing marijuana for medical or recreational use. We'll have a lot more coverage of the day's news on the wsj's what's news. Podcast you can add to your playlist in your smart speaker. Or listen and subscribe wherever podcasts. Nobody builds five g like verizon bills five g. We made fast even faster with verizon. Five g band already in parts of many major cities. This is us pushing us. It's verizon versus verizon. This is five g built right.

verizon amazon Mgm waylon james bond hollywood the netherlands us wsj
News Brief: COVID Origin Probe, The Future Of Oil, Calif. Mass Shooting

Environment: NPR

11:33 min | 2 months ago

News Brief: COVID Origin Probe, The Future Of Oil, Calif. Mass Shooting

"Where exactly did covid. Nineteen come from. President biden wants the intelligence community defined the answer. The most common answer for any virus would be that it developed an animal's spread to humans but the presence of a high tech lab in wuhan china has triggered questions for more than a year. Wuhan of course where the virus was first detected. The discovery of additional evidence about the lab led the president to ask for answers within three months. Dr anthony fauci spoke at a senate appropriations committee hearing yesterday. No one knows including me one hundred percent. What the origin is the reason where we are in favor of further investigation. They've got white house correspondent keith with us this morning. Hi tam high. Why is president biden. Only now for this investigation well. Interestingly we're only just now hearing about it the white house is only just now telling us about it but in a statement yesterday president biden said that back in march he hit asked his advisers and the intelligence community to dig into what happened. They then quote coalesced behind two likely scenarios transmission from animals to humans or leaker accident from the wuhan institute of viral. Aji corinne john. Pierre who led the white house press briefing yesterday said biden is asking the intelligence agencies to redouble their efforts to get closer to a definitive conclusion and giving them a ninety day deadline. It was inconclusive. So we need to get to the bottom of this as we all know. We've lost almost six hundred thousand americans to covid nineteen and we have to get a better sense of the origin of covid nineteen and also. How do we prevent the next pandemic. so what are they looking into. Because this time last year scientists were really dismissive of the idea of a lab leaks. What what changed back. Then former president donald trump and his supporters were deflecting and blaming and accusing china of releasing covert as a weapon and as with so many things connected to the former president. It generated backlash. I spoke to stephen morrison at the center for strategic and international studies. Who says the lab leak theory was initially associated with china bashing it. Got jumbled up together with some of the more crazy aspects of trump and scientists recoiled against that and went in favor of the thirty that cove nineteen emerge out of a natural process versus a escape and other krona viruses. Sars and mers both came from that animal to human pathway so there was a reason for scientists to be leaning that way but then late last year some credible scientists started saying a lab escape theory. Deserved another look than the. Who went to wuhan china earlier this year and tried to investigate but didn't get real cooperation or transparency and morrison told me that fueled this push for more study. So make the connection tom. What are the implications if it is found to have been leaked from a lab. What does not mean well that would lead potentially to efforts to make sure that labs doing this sort of research on dangerous pathogens or more secure or it might lead to some of this research being scaled back but if it moved from animals to humans then there would be a different response to try to cut off those pathways of transmission. What's china saying to all of this president. Biden's push for answers. They are digging in a ministry of foreign affairs spokesman in a press conference responded to the biden statement by accusing the us of being the source of covert and demanding international. Investigators be led into american research. Labs so it's not really clear. How the international community is going to get conclusive answers about what happened given the politics of this and pure white house correspondent. Temeke thank you. You're welcome big. Oil companies are being forced to face climate change. Three of the world's largest oil companies faced pressure exxon mobil chevron and royal dutch shell. Shareholders forced exxon to install two new members on its board. These are members who favors shift toward renewable energy. Investors also backed a proposal for chevron to cut its carbon emissions and a dutch court ordered shell to cut its carbon emissions by forty five percent by the end of the decade. Npr's camille is watching all this and is here to talk about it. Hi camilla hi rachel. Let's start with exxon. This is a crazy story. This tiny new hedge fund took on exon and one tell us what's going on. Yeah so this new group engine number one argued that exxon i had made bad investments in the past but also that they don't have a good plan on climate and lymphocytes here. These were investors with profit based logic. They weren't saying exxon stop burning oil. Because it's bad for the planet. They were saying exxon. The world might stop buying oil so you better have something else to sell. It's just bad business not to and they're a tiny group but they persuaded a lot of other shareholders to vote with them and actually got what they wanted seats on. Exxon's boards. they could push policy. What does exxon say about this. Well exxon is going to want what it selling fundamentally. There's a dispute here over what the future looks like right now. Fossil fuels are driving. Climate change and the world is not on track to stop burning oil and gas. There's lots of rhetoric about climate change but laws need to happen. There would need to be a ton. More renewable energy people would need to fly and drive less switch to electric vehicles. Exxon looks at that and says it's not going to happen anytime soon. Investors are clearly starting to say wait. It might though it might actually happen. You need to be ready. So this change on exxon's board as we noted in the intro is really part of a broader shift right. Tell us what else is going on. Yeah so. Shareholders voted for climate proposals. At chevron and conaco phillips basically these are investors asking oil companies to fundamentally changed their business models in order to cut their contribution to climate change. Those votes were not as dramatic as confrontational as what happened at exxon with actually changing. Who's on the board. But it is pressure from shareholders. And one thing. That's really striking throughout all of this. Is that you have very mainstream. Investors and investment groups saying things that it used to be just a small minority of activists. Say there's people outside the board room with signs and picket lines. These are the people inside the boardroom. Trying to push for change which is exactly and then there's this thing with shell oil company in europe in this court ruling before we go. Can you tell me about that. Yeah that's super interesting because shell already has a plan to cut its emissions all the way to net zero by twenty fifty which is way more ambitious than anything that exxon or chevron has on its plate and in europe this court said that's not good enough so it really shows you how quickly things are changing and how the bar keeps being raised. Here and camille domino's ski thank you. Thanks the community of san jose. California will hold vigils tonight for the victims of yet another mass shooting in this country nine victims along with the gunman are dead after the incident yesterday. A rail yard in santa clara county right next door to the sheriff's department governor gavin newsom spoke at a press conference yesterday looking at the scene a senior governors mayors cheese speaking similar tone in terms expression of condolences all the right emotions and perhaps the right words but begs the question. What the hell's going. On in the united states of america president biden is once again directed flags to be flown at half-staff oddity boondoggle moody from member station k. q. e. d. is in san jose and joins us. Now thanks for being here. Thanks for having me. What can you tell us just about where the investigation stands well. What we know is around six thirty a. m. that morning the county received nine one one calls from the transit valley authorities center of an active shooter on the site and around the same time. The fire department was tending to two other incidents a fire in a commercial industrial area and a residential fire. We know that this happened around a shift. Change when overnight and daytime workers were present at the site and we know that the shooting happened in the light rail yard. It's this area where the light rails are. Dispatched routes county sheriff. Laurie smith says when deputies entered the scene and the gunman caught sight of them. He took his own life. A bomb sniffing dog was on the scene and detected some explosive material. So they sent in a bomb squad and they're still assessing the scene. What do we know at the victims at this point. The office of the medical examiner has released the names of the victims. They range in age from twenty nine years old to sixty three. Were also learning this morning that another victim who was transported to the hospital in critical condition has succumbed to his wounds. An one of them was an line worker. Another a light rail operator. One was a light rail. Foreman and another was a substation manager. A local nonprofit has set up a victims fund to support those who were severely injured and the families that the people who were killed and the county is offering grief and trauma counseling to transit employees and anyone affected by the shooting like family members. And what about the gunman himself. We know that he was transit employees. But we don't know his direct relationship to the victims who were also transit workers. Authorities haven't said anything about at this time but that is certainly part of the ongoing investigation apart from local law enforcement including sheriff's deputies in san jose police officers working the case there are also federal agencies involved including the fbi the bureau of alcohol tobacco and firearms as well as the department of homeland security. They're all working on the investigation together and sorting through the evidence. And can you just describe the facility where this happened and its effect on the time line for this investigation will. The timeline is looking pretty long because the facility is is quite a large one. It's train yard where light rail cars are stored and maintenance is done in fact. The transit authority has suspended light rail service for a few days while they just come through the crime scene. They're also trying to piece together. What happened earlier that day. There was a residential fire and another fire which firefighters had to attend to around the time of the shooting and trying to see if there were related. The fbi says they're flying in help from quantico and getting friends esteems to help out with the investigation and just to process the massive amount of evidence audits on the moody reporter with k. Q. e. d. Thank you so much we appreciate it. Thank you this message comes from. Npr sponsor ford the all electric mustang mach e and a twelve foot rocket. Take off the rocket into the atmosphere while the all electric pony takes off toward the horizon at full speed visit four dot com for a new perspective on range.

exxon president biden white house china chevron President biden wuhan Dr anthony fauci senate appropriations committe wuhan institute of viral Aji corinne john stephen morrison biden Temeke camilla hi rachel Wuhan center for strategic and inter conaco phillips
Thursday, May 27, 2021

Up First

14:00 min | 2 months ago

Thursday, May 27, 2021

"Are scientists are still unsure about kobe's origin. No one knows including me. One hundred percent president biden wants the intelligence community to figure it out. Did it happen naturally or was the virus leak from a lab. I'm steve inskeep. Rachel martin and this is up. I from npr news. Big changes for three big oil companies. Dutch court says shell must do more to cut. Its impact on climate change activists. Investors got spots on exxonmobil's board and force chevron to cut emissions. How could all this change. The future of the oil industry also another day and another mass shooting in this country. This time in san jose but begs the question. What the hell's going on in the united states of america. A gunman killed nine people at a rail yard and then himself. We'll bring you details. Stay with us. We've got the news you need to start your day Support for this podcast and the following message come from wondrous. New podcast mini series. The vaping fix the story of how the now infamous e cigarette company. Jewel hooked a new generation on vaping. Listen to the vaping. Fix on apple podcasts. Amazon music or wherever you're listening support also comes from npr sponsor deloitte offering informed perspectives on the evolving business and economic impacts of the pandemic from consumer behavior trend. Style looks for key sectors of the business at deloitte dot com slash. Us slash kobe hyphen nineteen. Where exactly did covid. Nineteen come from. President biden wants the intelligence community defined the answer. The most common answer for any virus would be developed an animals and spread to humans but the presence of a high tech and han china has triggered questions for more than a year. Want of course is where the virus was first detected. The discovery of additional evidence about the lab led the president to ask for answers within three months. Dr anthony fauci spoke at a senate appropriations committee hearing yesterday. No one knows including me one hundred percent. What the origin is is the reason why. We are in favor of further investigation. They've got white. House correspondent timber. Keith with us this morning. Hi tam high. Why is president biden. Only now asking for this investigation. Interestingly we're only just now hearing about it the white house is only just now telling us about it but in a statement yesterday president biden said that back in march he hit asked his advisers and the intelligence community to dig into what happened they then quote coalesced behind two likely scenarios transmission from animals to humans or a leaker accident from the wuhan institute a viral aji corinne pierre who led the white house press briefing. Yesterday said biden is asking the intelligence agencies to redouble their efforts to get closer to a definitive conclusion. And he's given them a ninety day. Deadline was inconclusive. So we need to get to the bottom of this as we all know. We've lost almost six hundred thousand americans to kobe. One thousand nine hundred and we have to get a better sense of the origin of covid nineteen and also how do we prevent the next pandemic. so what are they looking into. Because this time last year scientists were really dismissive of the idea of a lab leaks. What changed back then. Former president donald trump and his supporters were deflecting and blaming and accusing china of releasing kovic as a weapon. And as with so many things connected to the former president it generated backlash. I spoke to stephen morrison center for strategic and international studies who says the lab leak theory was initially associated with china bashing it. Got jumbled up together with some of the more crazy aspects of trump and scientists recoiled against that and went in favor of the theory that cova nineteen at emerge out of a natural process versus a lab escape and other krahn viruses. Sars and mers both came from that animal to human pathway. So there was a reason for scientists to be leaning that way but then late last year some credible scientists started saying a lab escape theory deserved another look than the. Who went to wuhan china earlier this year and tried to investigate but didn't get real cooperation. Transparency and morrison told me that fueled this push for more study so make the connection to him. What are the implications if it is found to have been leaked from a lab. What does that mean. Well that would lead potentially to efforts to make sure that labs doing this sort of research on dangerous pathogens or more secure or it might lead to some of this research being scaled back but if it moved from animals to humans then there would be a different response to try to cut off those pathways of transmission. What's china saying to all of this president. Biden's push for answers. They are digging in a ministry of foreign affairs spokesman in a press conference responded to the biden statement by accusing the us of being the source of covert and demanding international. Investigators be led into american research. Labs so it's not really clear. How the international community is going to get conclusive answers about what happened given the politics of this. Npr white house correspondent. Temeke thank you. You're welcome big. Oil companies are being forced to face climate change. Three of the world's largest oil companies faced pressure exxon mobil chevron royal dutch shell. Shareholders forced exxon to install two new members on its board. These are members who favorites shift toward renewable energy investors also backed a proposal for chevron to cut its carbon emissions and a dutch cord shell to cut its carbon emissions by forty five percent by the end of the decade. Npr's camilo domino is watching all this and is here to talk about it. Hi camilla hi asia. Let's start with exxon. This is a crazy story. This tiny new hedge fund took on exon and one tell us what's going on. Yeah so this new group engine number one argued that exxon i had made bad investments in the past but also that they don't have a good plan on climate and olympic size here. These were investors with prophet based logic. They weren't saying exxon stopped burning oil. Because it's bad for the planet. They were saying exxon. The world might stop buying oil so you better have something else to sell. It's just bad business not to and they're tiny group but they persuaded a lot of other shareholders to vote with them and actually got what they wanted which to seats on exxon's board so they could push policy. What is excellent. Say about this well. Excellent has maintained that the world is going to want what it selling fundamentally. There's a dispute here over what the future looks like right now. Fossil fuels are driving. Climate change and the world is not on track to stop burning oil and gas. There's lots of rhetoric about climate change but laws need to happen. There would need to be a ton. More renewable energy people would need to fly and drive less switch to electric vehicles. Exxon looks at that and says it's not going to happen anytime soon. Investors are clearly starting to say wait. It might though might actually happen. You need to be ready. So this change on exxon's board as we noted in the intro was really part of a broader shift. Right tell us what else on. Yes so. Shareholders also voted for climate proposals at chevron and conaco phillips basically these are investors asking oil companies fundamentally changed their business models in order to cut their contribution to climate change. Those votes were not as dramatic or as confrontational as what happened at exxon with actually changing. Who's on the board. But it is pressure from shareholders. And one thing. That's really striking throughout all of this. Is that you have very mainstream. Investors and investment groups saying things that it used to be just a small minority of activists. There yeah so. This is not people outside the board room with signs and picket lines. These are the people inside the boardroom. Trying to push for change which is really exactly. And then there's this thing with shell oil company in europe in this court ruling before we go. Can you tell me about that. Yeah that's super interesting because shell already has a plan to cut its emissions all the way to net zero by twenty fifty which is way more ambitious than anything that exxon or chevron has on its plate and in europe this court said that's not good enough so it really shows you how quickly things are changing and how the bar keeps being raised here in. Here's camille yamanashi thank you. Thanks to the community of san jose california will hold vigils tonight for the victims of yet another mass shooting in this country nine victims along with the gunman are dead after the incident yesterday to rail yard in santa clara county. Right next door to the sheriff's department governor gavin newsom spoke at a press conference yesterday looking at the scene. Listen had governors matters. She's speaking similar tone terms expression of condolences all the right emotions and perhaps the right words but it begs the question. What the hell's going. On in the united states of america president biden is once again directed flags to be flown at half-staff oddity boone's moody from member station k. Q. d is in san jose and joins us now. Thanks for being here. Thanks for having me. What can you tell us first off just about where the investigation stands well. What we know is around six thirty. Am that morning. The county received nine one one calls from the transit valley authority center of an active shooter on the site and around the same time. The fire department was tending to two other incidents of fire in a commercial industrial area and residential fire. We know that this happened around. Shift change when overnight and daytime workers were present at the site and we know that the shooting happened in the light rail yard. It's this area where the light rails are dispatched on their morning routes county sheriff. Laurie smith says when deputies entered the scene and the gunman caught sight of them. He took his own life. A bomb sniffing dog was on the scene and detected some explosive material. So they sent in a bomb squad and they're still assessing the scene. What do we know what the victims at this point. The office of the medical examiner has released the names of the victims. They range in age from twenty nine years old to sixty three. Were also learning this morning that another victim who was transported to the hospital in critical condition has succumbed to his wounds. One of them was an overhead line. Worker another light rail operator. One was a light rail. Foreman and another was a substation manager. A local nonprofit has set up a victims fund to support those who were severely injured and the families of the people who were killed and the county is offering grief and trauma counseling to transit employees and anyone affected by the shooting like family members. And what about the gunman himself. We know that he was a transit employees but we don't know his direct relationship to the victims who were also transit workers. Authorities haven't said anything about a motive at this time but that is certainly part of the ongoing investigation apart from local law enforcement including sheriff's deputies in san jose police officers working the case there are also federal agencies involved including the fbi the bureau of alcohol tobacco and firearms as well as the department of homeland. Security they're all working on the investigation together and sorting through the evidence. And can you just describe the facility where this happened and and its effect on the time line for this investigation will. The timeline is is looking pretty long because the facility is quite a large one. It's a train yard where light rail cars are stored and maintenance is done in fact. The transit authority has suspended light rail service for a few days while they combed through the crime scene. There are also trying to piece together. What happened earlier that day. There was a residential fire and another fire which firefighters had to attend to around. The time of the shooting and authorities are trying to see if there were related. The says they're flying in help from quantico and getting friends teams to help out with the investigation and just to process the massive amount of evidence oddity in the movie reporter with k. Q. e. d. Thank you so much we appreciate it. Thank you and that is a first for this. Thursday may twenty seventh. I'm rachel martin and i'm steve. Inskeep join us tomorrow and follow us on twitter at up first and if you can't get enough. Npr news there is a radio show that will satisfy that craving. It's called npr's morning edition. You can find it on your npr station at stations dot npr dot. Org everbod gas local news and the latest headlines take npr everywhere you go with the npr one out you can find it at trump store. What happens after a police officer. Shoot someone who's unarmed for decades in california internal affairs investigations. How the police police themselves were secret until now listen to on our watch a podcast from npr and kick me this message comes from npr sponsor. Ford the all electric mustang mach e and a twelve foot rocket take off the rocket launches up into the atmosphere while the all electric pony off toward the horizon at full speed visit ford dot com for a new perspective on range.

president biden exxon chevron china rachel martin steve inskeep npr news Dutch court deloitte President biden exxonmobil white house Dr anthony fauci senate appropriations committe wuhan institute aji corinne pierre npr stephen morrison center for st san jose biden
Tesla Vision, FSD Pricing, Powerwall Sales, Berlin Fire, Emissions Lawsuit (05.26.21)

Tesla Daily: Tesla News & Analysis

11:43 min | 2 months ago

Tesla Vision, FSD Pricing, Powerwall Sales, Berlin Fire, Emissions Lawsuit (05.26.21)

"Everybody robin our here today. We're gonna be talking about tesla. Moving to their tesla vision. Approach for tommy tesla's announced that they're going to be moving radar hardware from vehicles. Like we had speculated about on mondays episodes. Made this official will talk about the details there. Then we've also got some news on giga berlin and an interesting update on power while production other strong day for tesla stock today finishing up two point four percent to six hundred and nineteen dollars. Thirteen cents that compared to the nasdaq also up on the day. Zero point six percent so following the removal of any mention of radar on tussles website. Earlier this week dell has now explained where they're at in terms of removing the radar hardware via a tesla support page update. The update here is called transitioning to tesla vision tesla rates quote we are continuing the transition to tesla vision or camera based autopilot system beginning with deliveries and may twenty twenty one model three and model y vehicles built for the north. American market will no longer be equipped with radar instead. These will be the first tesla vehicles to rely on camera vision and neural processing to deliver autopilot full. Self-driving and certain active safety features customers ordered before may twenty twenty one and are match with the car with tesla. Vision will be notified of the change through their accounts prior to delivery and quote. Tesla also notes here that for a short period of time while they're transitioning cars without radars may have some limits on auto steer they say maximum speed of seventy five miles per hour. That's versus ninety miles per hour. Normally and the minimum following distance will be longer. They also say that smart summoned an emergency lane departure avoidance may be disabled at delivered so just important understand that that is a temporary measure not all reports on this covered that detail tesla says in the weeks ahead they'll start restoring those features and yeah we've seen time landslip on efi related stuff in the past but fortunately these are pretty minor limitations and they seem to be more precautionary in terms of safety. Maybe with the exception thereof smart summit dessel does say that all vehicles built for markets. Outside of north america will continue to have radar for now as will all new model s an model x. vehicles answering one of our questions there as for why they're not yet removing it from the model s. an model x. Tessa says quote model. Three and model y are higher volume vehicles. Transitioning them to tesla vision. I allows us to analyze a large volume of real world data in a short amount of time which ultimately speeds up the rollout of features based on television and quote so first off. Nice to see this communication directly from tesla. Maybe they're listening a little bit to some of the feedback on pr or communications. And it's nice. They tried to get ahead of those questions there especially on the model eskimo x. I don't really understand their reasoning. Their yes it makes sense to do with the model three in the model whites. Have more of them out there. Validating this system but if the logic is to maximize the number of vehicles out there that don't have radar wealth and you should also take him out of the model the model x. so the logic there is a little bit incongruent. My guess is it's probably actually more to do with these smart shift feature especially because we see smart summon as one of the missing features here at first deliver. Remember smart shift is the new predictive drive mode selector to first appear on the refresh model as an ex just speculation on my part there but the other thing i did want to note here is the transition to quote. Unquote tesla vision. Dental vision is not a new concept or freeze for tesla. This is what the vision system has always been called their articles that go all the way back to two thousand sixteen split up with mobile. I mentioning tussle vision. They're just trying to use that to differentiate here between the vision system and overall autopilot or fasd which of course up till now has involved radar so just wanted to clear that up in case that was confusing because tesla dozen here even say if you're metro the car with tussle vision. You'll be notified. No one needs to worry about that. Being a new thing they. You're not getting any way. Ilan did share some more information on this on twitter. Saying quote pure vision. Autopilot is now rolling out. In north america there will be an update of this production. Release in two weeks and then. Fasd beta version nine point also pure vision a week later. Fasd subscription will be enabled around the same time at gwb so yes grown more new timelines but this is a significant update. Just going vision alone. For what tesla's already got. We talked on monday about just how much money that could save. Tesla each quarter and now that this is actually going into production. Hopefully this provides an unlock for more visible progress from here. You also today highlighted a reddit. Post talking about the decision. This is from at uconn burger on. Read it saying quote. I happen to work a lot with radar and actually very very happy. With this decision. It would possibly be nice to have the ability to switch modes during inclement weather. Events were radar actually has some strengths but overall it is poorly suited for most driving tasks and trying to jive with visual. Information has to be a huge headache. It's kind of like trying to correlate smells and colors and it basically comes down to the point that yvonne. Musk has always made if your vision system is good enough to do autonomous driving. You don't need radar and if it's not good enough radars not going to be the thing that puts you over the edge. In terms of making a capable people make the argument. Allot or fog argument. A lot again there if your vision system isn't working you're not gonna want car driving around just based on radar and minimal input from the vision system. Maybe some day that gets to a point where it can provide a little bit of incremental advantage but his that someday worth spending hundreds of millions of dollars on radars every year on top of developing and managing a from what it sounds like from tesla's point of view much more complicated and resource intensive kobe's while it seems like tusla's made the decision that no that's not worth it at this point in time anyway. It should be a pretty interesting couple of weeks as we start to see cars. That are read our list appearing and testing out autopilot. Then of course next week will have the first refreshed s deliveries than hopefully update on. Fasd beta though. I would again expect. That's a limited release. Then maybe st subscription and then we're at quarter and already speaking of the fasd subscription and fd more broadly. We did see some rumors here last night. Relating to some code that people have said has appeared on tesla's website and they're kind of two buckets of rumors here the first on the non subscription price of st. louis. Ben a little bit of back and forth on this not entirely clear where the situation has landed to be honest but people have found in the source code reference to a four thousand dollar enhanced autopilot option and then my understanding is also a fourteen thousand dollar full. Self-driving package option yet to be published which suggests tesla might be increasing the price from ten thousand to fourteen thousand dollars for fasd and maybe introducing a four thousand dollar enhanced. Autopilot option like we've seen them do in other markets what i'm not super clear on the fourteen thousand dollar price. There is meant to be fasd. Or if that's just an aggregate of the four thousand dollar enhanced autopilot plus a ten thousand dollar fasd price. Which is what we already today from. What i understand people seem to be saying that no those would be separate and full self. Driving itself would actually be fourteen thousand dollars. Maybe we can get some clarification in the comments section today but otherwise we'll have to wait and see though certainly a price increase wind. Tesla does eventually deliver the city streets feature more. Broadly would not be surprising. Compounding the confusion home. This was as this was being reported. There was also a similar report that in similar code on the website someone had found a fasd subscription option which apparently said that enhanced autopilot would be ninety nine dollars a month and full. Self-driving would be one hundred ninety nine dollars a month but it sounds like that part. The subscription pricing part had turned out to have been faked so summing that up it looks like no news on subscription pricing and a possible increase to a full self driving and a possible introduction of enhanced autopilot. All right next up here we've got an update on power wall. Tussle tweeted today quote just surpassed two hundred thousand power while installs globally and quote. Not only is this an interesting milestone. we also have some context to compare it to which is kind of a rarity for us to get related to tussles power wall so last year and tesla's q. One earnings report they shared in their energy update that they had just installed in the first quarter. They're one hundred thousand power wall so now a little bit more than a year later. They are already at two hundred thousand. The power wall has thirteen and a half kilowatt hours of energy capacity. So one hundred thousand of these is one point. Three five gigawatt hours from cutesy last year through the end of key one year so full year their tussle installed at three point two gigawatt hours of energy capacity and total than we need data bit from key one last year. Because we don't know exactly when tesla one hundred thousand and then the time from cutesy this year. We'll just call that. Roughly another half a gigawatt hour. So of about three point seven gigawatt hours in total one point three five gigawatt hours of that has been power wall so about a third with the rest then going to commercial power. Pack or mega pack. So kind of interesting to see how that's broken down. In addition interesting to see the power while ramping up so significantly alongside tussles other energy products you know five years to install the first hundred thousand and then just a little over a year later. You're adding the next on her thousand definitely exciting to see and from what i can tell. Despite that big increase tussle still seems to be pretty production constrained on the power wall. I would guess that continues to be the case. Especially now that tesla is requiring power wall with solar installations as well as for the revenue on this the price for each power. Wall's going to vary a little bit depending on the installation and the number of power walls. You're buying tesla right now. For example a saying to power walls would be nineteen thousand dollars but if you combine that with solar. It's two thousand our discounts at seventeen thousand dollars so if we say somewhere around nine thousand dollars per power wall that would be across hundred dozen units nine hundred million dollars so power while almost a billion dollar business for tussle on a quarterly level. Probably right around two hundred million per quarter next year. We've got a couple of small on gigabit. Lan i fire. That was started at the factory. This happened overnight on tuesday night and according to a state criminal investigation office per reuters it damaged only about an area of three square meters of the factory and several power cables at the site so three square meters for house or an apartment. Something like that. That's a pretty significant amount of size but for something like gigabyte berlian should be relatively minor impact. The reason the criminal investigation office commented on this is because it is believed that far left activists are responsible for this fire meaning. It was a group by the name that translates over to volcanic group appears to have taken responsibility saying that quote tesla is neither green ecological nor social and adding that quote. Our fire stands against the lie of the green automobile and quote. They say their goal was to make things more difficult for tesla for day to interrupt the power to make the construction of the facilities come to a halt then. They basically make the argument. That boils down to being the long tailpipe argument. I guess they just think that no one should drive anywhere ever and they unsurprisingly express what i would say it was a lot of negativity towards elon. Musk so hopefully they find. Whoever is responsible for this. They did seem to make some sort of threat towards the international motor show in munich. This year saying quote. We hope that there enough resistance on the ground. Decentralized and also subversively on the net so that it becomes fiasco and quiet on the other hand we do have a more fun. Update on gigi. Berlin tesla earlier today. Tweeting out and asking people if they want to help. Cover gigi berlian an awesome graffiti art. Do send their work into giga berlin. Art at tesla dot com. Pretty cool idea should be fun to see what comes of that. We've heard ilan talk about his rave idea for giga berlin. He's talked about. The art and berlin seems to really want to integrate that into tussles culture and site. There which i think is really nice to see. So if you haven't got selected for that definitely let me know all right leslie. Today we've gotten update from potentially impactful court case in another one's involving shell oil company royal dutch shell where a dutch court has ruled that shell must reduce its carbon emissions in totality by forty five percent by twenty thirty from twenty nineteen levels prior to the ruling shell has been targeting. Just a twenty percent reduction by twenty thirty a shell. Spokesperson said that they are fully expecting to appeal the ruling so after continue to follow this which will probably take a long time but could have interesting implications for other businesses as well. So that is where we'll leave it for today as always thank you for listening make sure subscribed and signed up for notifications. You can also find me on twitter at podcast and we'll see tomorrow for the thursday may twenty seventh episode of texas thank you.

Tesla tommy tesla tesla vision tesla dessel uconn burger giga north america tusla berlin Tessa
Novelist Imbolo Mbue

Fresh Air

48:17 min | 3 months ago

Novelist Imbolo Mbue

"This message comes from npr sponsor. Weisan a one. To one tutoring alternative to online classes offering live online personalized lessons in more than three hundred subjects head to wnyc a. n. T. dot com because it wise aunt with learning personally support for this podcast comes from the neubauer. Family foundation supporting. Whyy's fresh air and its commitment to sharing ideas and encouraging meaningful conversation. This is fresh air. I'm terry gross. Our guest imboula way is the author of the new novel. How beautiful we were. It was described in the new york times as a nuanced exploration of self interest of what it means to want in the age of capitalism and colonialism her first novel behold the dreamers which was published in two thousand sixteen won the pen faulkner award for fiction imboula way spoke with fresh air guest. Interviewer aroon vinegar pau. How beautiful we were is imboula. Mba's latest novel and it's set in a fictional african village in the nineteen eighty s. The book is a david and goliath. Tale pitting villagers of casella against an american corporation known as paxton. The company has drilled for oil on the nearby land and over the course of years. Destroy the environment. This is caused the villagers to lose their ability to hunt and forage and maintain their way of life. It's also caused many of the villagers and their children to grow sick from environmental toxins and die but a sequence of events set in motion by the village. Madman convinces some of the villagers that they shouldn't give up on their ancestral land. That it's worth fighting for one of those. Fighting is a young girl who becomes a revolutionary boy started working on how beautiful we were seventeen years ago but took a break to write her first book. Behold the dreamers which came out in two thousand sixteen that book about immigrants from cameroon living in new york city was adapted into an opera. Chosen for oprah's book club and translated into eleven languages. Way grew up in cameroon and moved to the us to go to college before. Settling down here in bala. Mba welcome to fresh air. Thank you so much. You have your first novel. Behold the dreamers who sit in new york city. You've said this book in a fictional african village cassava. Why a fictional village. Well i i was more interested in the characters in the setting my interest was moines writing this story about what happens when a group of people decide to push back against the powerful corporation and then in the process of doing that i decided to put it in this village which is not like anywhere ever been to but if thought very real because it is in africa and i spent my childhood in a couple of african village is also grew up in a town that had oil saw was aware of the politics of all a child. And so i this village. And i am in an effort to really should extent wish people struggle when they tried to take on such a powerful advisory so you grew up in cameroon There's an oil refinery nearby as you're growing up. How did the presence of this oil refinery shaped your politics. Growing up i was. I was very aware of the fact that usually people will live on the land. Do not benefit from the or worth as much as the government or the the corporations from overseas so in my town belly. Anybody i knew had a job. This refinery. the people who had jobs there were people were connected to people in government A lot of the top job. They went to people in another part of the country and there was a lot of grumbling among adults in my town about how they couldn't get jobs so as a child. I was aware that having all on your line doesn't exactly mean that you're going to benefit for me because you're from that place and because i had this awareness of politics i was very sensitive to how complicated. Dt's the issue of all exploitation and others in happened. When i was growing up is that it was famous. Environmentalists in nigeria. His name was cancer. We were and he was trying to fight against against shell oil company because shows for oil was destroyed his insist lance similar to what is in the book and so we were was was was executed so being aware of oil and income rune in my town and then getting bought what happened to sell. We was got the ball swinging my head about how much injustice involved in this process of or the environmentalists who was executed. When you were growing up tell us a little more about what happened to him. So when i was gonna. We didn't have a television in my house. We only had two radio and the vigil was our source of news about what was happening in the outside world and it was on this radio that i heard the word environmentalist from the for this first time. i head about a man in nigeria. His name was ken saro wiwa and he was fighting against the shell. Oil company because show was polluting astra land and it was called. It is call organ. land So share was polluting gonna land and so we were was an environmentalist and he was very upset about it and he and his fellow environmentalists this despite with show to get shot to stop polluting their land Neijiang government at the time of course was to the side of sharp because the way into a the corporation and and the us trumped up charges to get our. We were to be to be imprisoned. And i remember every day after school rush home to get home in time to hear the news to find out what was happening with the we were because the whole thing just seems so unfair to me so i was very very hopeful that salary will be will be released because there was this global and all the special input on the nigerian government at the time but then one day i came back home and ahead on the radio seller we were on his environmentalists. Had all been executed to a hand today And so that was dumb woman was poly defining moment for me as a person we did. We did social and political conscience. Because i was very upset and in the person of writing this book i did a lot of usage and i found out that to be an environmental activists can actually be very very dangerous but it certainly started. We saw we were and this happened. Nine hundred ninety five so it was about twenty five years ago that it happened and so did he. Kind of serve as sort of a mythic or heroic figure for you. He was one of many. And because i grew up in cameroon in the eighties nineties. I was very aware of of a lot of men. Who were pushing back against sisters injustice. From the mandela's to the steve biko and purchase lumumba tema sankara. All of. This man was celebrated. They were all opeta my inspiration and also while i looked saga we won in niger. Delta in looked at the bp oil spill in america. I looked at standing rock. Look at what happened in in ecuador. what is happening between the people in the lago argue. John and vissel chevron i got inspirations from all over the world not just from africa as serious as a subject matter is the book is often really funny in part because of the character of congo. The village madman. What is the function of congo in the story. I'm glad you found funny. I tell actually one of my favorite actors. So he's the one we'll get. The uprising started his long assist the villagers. Why are we letting them do this to us. Why we feel as if somebody has to do something to save those us do something and it comes up with this idea which is what basically starts this struggle between these village and this company and the government and the country and the whole thing lasts for many many years. They congress is a madman right in the village. He has a special place because he doesn't act like the rest of them. He's he doesn't Actually talk interviewed. Anybody for the most buddy mostly keeps to himself and my inspiration for the crowd of congo was. Was this idea of madness right. There's so much about mental illness. Begin with there's also this idea that doing setting things are quote unquote crazy Know one of the big idea people people. Are you crazy. What talking about us so crazy. That's insane and i wanted to explore dislike to actually be mentally ill and having this ability to see the world different because of that that is what congress has and also the idea that you need a certain kind of madness in a way to bring about significant change in the world. One of my favorite quotes. Nope was could by an african now. To my sankara. We talks about her. To being a binding kind of change. Like this needs to be different to tint sitting defense and i was conga so we conga. I was really trying to pay. No mayes to to craziness to to wildness. Two people were essentially can defend and people who buy been saw being a significant change for better for worse. Where before congress in congress casey after we the book to decide whether he's ideas ended up benefiting the village i'd like you to read a section of the book where conga the madman talks to some other men in the village in just to set it up. Here he has an exchange. Congo has an exchange with a group of men who were going out in search of their fellow villagers who have either been killed by the american corporation paxton or maybe imprisoned and it's this scene where basically he interacts with Bongo who is the narrator as well as a gentleman by the name of lusaka revered village. Elder gas And some of the leaders want to turn to the west for help but conga completely disagrees. You do understand that all people from overseas the same. don't you. The americans the europeans every single overseas person who has ever said on our saw. You know the or one the same thing don't you. How does it remember the europeans when he has no memory. You're young he says some when you old you see that the ones who came to kilos will want to save us at the same no matter their pretenses they all arrive believing they have the power to take for. Moore's or gift whatever will satisfy the endless once you know this passage reminded me a couple of things also from the one thousand nine hundred and it reminded me of these ads that we were constantly subjected to his kids growing up in the us these ads where they're raising money for starving children in the third world and it also reminded me of the song. Do they know it's christmas song. By the british all star group abandoned featuring sting duran duran and raise all this money for famine relief and at some point as growing up. I remember hearing the verse. And there won't be snow in africa time christmas time and i remember thinking like okay. Sounds kinda like texas florida. I mean there's something so ridiculously distant. And i guess kind of what's this war. We talk about the bleeding heart liberal ride this performative kind of philanthropy and it's sort of kind of cuts to what you're seeing is all about a when you say the people who come to kill us in the ones who run to save us all the same. I'm just wondering if this is something you developed after moving to the us and living in new york and encounter all of these people who want to save africa the third world. Funny thing is that. I did not really know about of africa to i to america. So yes you're right. I was so president kim. Yeah and people said oh. It must be awful. It must have been awful for you growing up. And i'm thinking what are you talking about. Because like i mean. This is not quite uninjured. Book talks about but in maybe in a way it does nothing the issue was that the idea that i that i got in america was that because we have certain things in life so i when i came here i mention that i grew up. I spent my early life in houses that did not have electricity knew what not in some houses some houses. They didn't think the very fist relieved in there was an alleged steno. What about my my family housing limbo. We had electricity and water but he was off very normal to me. There was not imported. I had villa and friends and neighbors who lived in hearts and so there was no there was no such thing as august. Leaving heart is so no the lived in hearts and wonderful. I'm fool and vibrant and it was only when i came to america that i got this idea that oh those poor people live on two dollars a day. And i'm thinking tudela did. That's a lot of money in my town. You know very well onto the la z de. Maybe not now bacchanals. Nope he wasn't that awful to live onto the cd but the village is going in. The in the novel is different. I struggle is not that the ones in they wanna live in big houses living hearts. They don't have one in what to city but before this or company came delightful wonderful. What did dealing with is that. They have many many many years of injustice that have been shown on them. I was the slave trade right. We did not really affect them but it happened in your area and then there was colonial is in that came and because of colonialism the living in a country which is ruled by dictator with imbed where european powers and that is very much affecting the country. And then they'll they'll the living in the age of neo-colonialism and coporate imperialism among globalization. So his point is that the outside world has done so much damage to do really want to talk to them to come save us even if even if they think that they are different right some of them think the libra sample resi and they care about africa but he sees them as being sort of other but we this particular struggle in this particular village at what congress has quite justified cynicism where he's justified in thinking that we can. We can save ourselves like we have dependent for too long on people coming from other places to save. And maybe congress says i don't believe in this whole wide savior thing i don't believe in wide saviors less. No trust them letter. Save ourselves down. Of course it gets more complicated than that. Tell me a little more about where you grew up as a kid you know. What was it limbang. Cameroon correct What can you tell me about linda. Linda is a town in the english. Speaking part of cameroon so communism bilingual country Most of the country's speaks french about eighty percent of the country and lean beds in the twenty percent does speaks english so did the north west and southwest regions in these speaking And limbaugh is right on the ocean cyst on the atlantic ocean. So i go up in this town. That was english speaking And it was the ocean. It was warm and people are very friendly. I lived in a neighborhood where we had a public tap. So you know in the evenings after school we all get a book and went to tap and fish and went back home and again. I thought that was wonderful. There was nothing holy bull about having to go fetch water. It happens many parts of the world. I loved it. I thought we had a great lifestyle. The one thing about libya which was not so wonderful. We just not uncommon gone to. What is that just a lot of opportunities which is only not exploited my first novel I mean it's different nowadays because the world has changed. When i was growing up it was many people's dream to leave and to come to america and i had the good bless been able to confirm to go to college. But i i. I was very aware of marginalization as child was also aware of of what is like to live in a dictatorship because the president of my country his his sympathy. Now that was in my childhood. He's been president for almost forty years. Maybe that is why. I was so fascinated by dissident evolutionary. Because i knew that many people are not happy that live in country did dictator but the wasn't a lot of effort to get rid of him. I mean he's still today because efforts to get rid of him having been successful and maybe my creation of color toula would take. Some of our country was against some with childhood wish. I had that i wouldn't. I could live in a democratic country because really did not know what democracy was elected to america. The idea of democracy completely fascinated me. when. I became a citizen. I voted for the first time in two thousand sixteen and the whole was so excited that i got to vote because you know social issues with just not commonplace where it came from but that said linda was beautiful. I think was beautiful. Country is still is in many ways is just you know when you have the turtle for so many years know just sitting freedoms that you cannot really have. What can music did you listen to. When you're growing up mostly macos. Which is a communion pop. Music is very very heavy. rhythms is very you know. Ceo's african dancing with lots of twisting and turning. And that's what i listen to. When i came to america i discovered country music. And so i my disney merck. Listen to a lot of chanel twain. And believe patten leeann rams on dixie chicks that was introductions american music country music. That's quite the playlist macossa. Dixie chicks i love to do. I just have our country music to less homesick. I don't know what it was really at least in the country. Music just made me feel made me feel like i was so close to home but was i had contributed to this place in my heart country. Singers wear their hearts on their sleeve. Right. they're not being. Coy are these are basic human dramas emotions. I guess yeah things. Also because when i came out well so homesick and all this love songs but autism motions and there was like i was just i i just i just felt like okay like to your point. Where sleeves like i could just be emotional. Atlantic obama home and dream of being home. And someday i'm going to go back home again Which is separate point which is probably why my my i think i think of my novels are love songs. Maybe because when i came i listened to a lot of country music. Love songs that in what of my novels i was. I was hoping to ride this out of love song. We're listening to the conversation. Our guest interviewer aroon vinegar. Paul recorded with imboula imb way author of the new novel. How beautiful we were after a short break. The talk about her first novel. Behold the dreamers in two thousand sixteen before the election the novel was described in the washington. Post as the one novel. Donald trump should read later. Kevin whitehead will review a new louis. Armstrong box set and marine corrigan will review two new novels about love and family. I'm terry gross and this is fresh air. This message comes from npr sponsor. Why zandt a one. To one tutoring alternative to online classes where you can learn face to face online get help with technical new subjects and career skills or just catching up why zandt lists thousands of personal instructors over three hundred subjects available for live individualized lessons with their online learning platform heads w y z. A. n. t. dot com to find your perfect instructor. Love it or your first hour is free because it wise and we take learning personally. This is fresh air. I'm terry gross back with novelist. Imboula embroi- her first novel. Behold the dreamers was a new york times bestseller and won the pen faulkner award for fiction. It's about immigrants from cameroon. Who are working for a wealthy white wall street executive and his family just as the economic downturn hits her new novel. We were is about a fictional african village that decides to fight back against an american oil that has polluted the land where is from cameroon and became a us citizen in time to vote in the two thousand sixteen election. She spoke with fresh air. Guest interviewer aroon vinegar. Paul what was it like to vote for the first time in the us and twenty sixteen. Oh it was well. It was so good until it wasn't. I was so excited i should mention that. I got my citizenship in two thousand fourteen. Which is a huge moment for me. I remember when. I got my citizenship. She oh i cried my eyes out. I was like believe it can't believe it. I am american. Also happy and then two years later i got to vote for the first time and i i went to the polls and i was so proud of myself. I took a selfie. Can do that but i did. And then we'll see a win. The resource came at the person voted for did not win. But it was a huge moment for me because i had never been part of a democracy process before i just had never had seen. Democracy is something that other people to pat in to me that i could be at could have a say in the leadoff my country because even others america as americans are going to vote in cameroon. I saw the. Are those going to vote. And i wash them. And i knew that was didn't really matter and common whereby vote for whoever wants to win is going to win that i never took part in two thousand sixteen. I got to take part in. Needs and dad was that was significant. He was have that picture. I did very much feel for the first time that i have a see in future of country to which i belong just a couple of months before the election. The washington post ran an article about your book. Behold the dreamers and the headline says behold the dreamers the one novel donald trump should read. Now what did you think when you saw this headline thought. Oh boy does he read. No i i think what do trying to get that you know. It was that dot novel and on this one. Soi all about empathy right. I mean these this. We hear the word impact he left and right but but that is what. Literature is Writing boot novels really pushed me to go beyond myself to really think about the other side. The other people would agree with the other people. Have this points of view that has so different from mine and so what what what that was trying to say. I believe is that This is a time like every time again. This gets said over and over. Become a cliche but really. It's time for us to to consider that other people have have your point of view We'd we'd put up my novels. He said to me. Oh whatever novels show so much kindness to everybody you don't you don't exactly take sides but that was not how i started. When i started writing novels took site. I said this. Is this support in all likelihood that you must is about an african american family on the worldwide american family on wednesday the noble. I definitely took sides. Because i i is with. African immigrants. Do like me the way. African grads didn't have more need. We're trying to to to settle in a new country. And i completely shower them with empathy with the white americans. They said well. You know the rich white people need my empathy but had to land. It doesn't matter. you know. Every body is worthy of your empathy. What did your family think when you told them that. Your first novel was going to be published. Well said What do you mean you right now. Because i did not want america to become a right I fell into writing. I wear my plan was to become a lawyer. I didn't. I didn't work and i tried to become a college professor. It didn't work out. And i distract to get a job. Juvenile's does so. I said okay. I'll take my team assiduously. So i like to joke died. I became right up because nothing seems to have worked to for me No i think the way. I think there were surprised My my mother was surprised. Because i come from value world like i said who put on. Leave my town to become right as i should also mention i wound. My mother had any and she had a few consent is because beanie writer in cameroon. My childhood and in some ways now us world or seen as being very dangerous When i was growing of individual. I headed all times. This writer was putting within survivor was journalist was put in prison for ten years so so journalists had been had been arrested it. It happened all the time. So i saw being your has been a very dangerous patient and so when i called home on said that i would be getting. The first consent was no. Please don't send in. That's going to you into prison and i. I laughed it off in one of my fellow ammonia writers. He was put in prison in just a couple of years ago. So it is. You know not only in cameroon but all over the world junior your walk. That writing can be very dangerous profession but so far. The dictatorship country hasn't come after me. So i am. Where did you come up with the idea for your first book. That noble was inspired. By chauffeur's i saw industry Manhattan on this was in twenty eleven. I was working. And i saw the chauffeurs and i became very fascinated about the idea that some people had affairs. And that's the thing about what it was like to be fed to a worthy american family and also how the lives of de of this show fairness family the lives of the demand who walked for awardee wall street executive how the families affected by the financial crisis of two thousand and eight. Because i had lost my job. So i was. I was working at the media company to dozen nine. When i lost my job because of the financial crisis so i decided to write a story about to new york city families struggling to keep their lives together because after financial crisis happened and that the novel also allowed me to explore the idea of the american dream because i came here really believe in it because i you know based on what that seen on television based on hollywood and a lot of a lot of movies and tv shows that the american dream was something for the taking where you can't america. You work hard and you will. You will live in a nice house. Like the french of bel air or the beverly hills nine. Oh two one. Oh and then. I m opinion so that wasn't quite like that and i realize that a lot of immigrants i knew disillusioned and not only megan. Even americans met to a disillusioned about about the american dream and so true. This african gun show fair. And what zygotes. I was able to explore and the cost of the american dream. You've talked about all these stories that you grew up on stories of revolutionaries and i'm wondering what you learned from this and specifically the question. Why do some people rise up and fight while others do nothing. Well the one thing. I learned that these people are incredibly hopeful They have this ability to hope. Unlike anything i've ever seen. I mean in the process of writing this novel because spent many years. I'd bet a lot of biographies autobiographies memoirs of dissidents. Some protesters' evolutionary than anybody who to stan an activist and i realized that division reason why the able to do what they do the reason why mandela civil to be in prison for all those years dr king malcolm x. The the they went out and did what they did knowing they could lose your license because a hopeful was because the davila believed that whatever the deed would make a difference and so that is what really helped me with kurt of tula. She's a young girl she's not married. Don't have children and yet she believes that even though she's a woman she can lead people to victory against an american oil company powerful dictator. I mean you have to have whole different level of hope to believe that you can bring an american company to justice an american company that has we sauces and lawyers and all kinds of powers at these disposer to la does believe that and that is a land from from reading from from looking at their lives bloomberg thank you so much joining us today doncaster. Much having me everyone. Boola way is the author of the new novel. How beautiful we were. She spoke with guest. Interviewer aroon vinegar paul. Who's a host and senior producer at wnyc in new york after we take a short break. Jazz credit kevin. Whitehead will review a new louis armstrong box set. This is fresh air. this message comes from npr sponsor. Each raid a bald eagle isn't called a shooting star is a star and each raid isn't just for trading. There's lots of ways to put your money to work with each grade from saving for retirement to starting to invest and they have a team of financial professionals to give you support. So you can be confident. Your money is working hard for you to get started today. Visit each trade dot com slash. Npr for more information e-trade securities llc member setback. There's a new bach set of things that trumpeter and singer. Louis armstrong made between nineteen forty six when he'd been recording for decades and nineteen sixty six five years before his death jazz critic. Kevin whitehead says it's mostly for armstrong expert. But it's also a fascinating. Look at an artist at work. Jing author wasn't hero who was famous everywhere. He had a big round table. because he couldn't stand up you by that in school had said you. Don t no doubt about it louis. Armstrong nineteen forty seven on his last recording as big band leader. Seven c armstrong box from mail order champs mosaic records. The complete columbia. Rca victor studio sessions. Nineteen forty six to nineteen sixty six. It's really three sets in one. The first two discs charm strong seventy eight thousand singles mostly from nineteen forty six and seven. One he was turning away from his orchestra towards smaller groups. He had occasional lip trouble but still struck his notes like a hammer on us. So baramulla the middle chapter but mosaics armstrong box looks at a couple of repertory projects. All stars reported in the mid nineteen fifties the first album one of his best was devoted to blues and songs by w c handy that artful polisher militia of traditional blues lyrics and melodies the ban eats it up like an eleven course dinner twenty alternate takes and rehearsal extracts. Let you hear the music. Take shape this stuff is really for armstrong nerds but there are some fines here like this passage from saint louis blues with trumpet behind middleton the way louis blues singers nineteen twenties to evening. John go down yes. I hate to see that evening. Sun gold Makes me feel like. I'm on my last goal. George avakian who produced the nineteen fifty four handy sessions splice together. Solos and vocals from several takes to make the album versions. Hearing full takes that he drew from let you hear how the sausage got made and how much fun they were having. The all stars played new orleans style traditional jazz at the highest level. Not least on this session which lit a fire under bowness from a young. They all came back. The following year for a sequel of fats waller tunes. It's good but less explosive. The weirdest waller in the new armstrong box is a miniaturized. Ain't misbehavin altered lyric part of an ad campaign for an electric razor. Those delays on bob. Ivy league static. I'm evan fun mile manic. Beg me this smooth is. One aim is for haven. I'm shaving Part three of mosaics armstrong set focuses on composer. Dave brubeck and lyricist ayatollah bex big-hearted musical about jazz. As a medium of cultural exchange the real ambassadors. The tombs were recorded in nineteen sixty one sung by armstrong carmen. Mcrae and the trio lambert hendricks and ross to my years it has not aged well though armstrong is perfectly cast as himself a figure beloved around the world whose tours help serve american foreign policy and what you represent jelly roll base hamm says to invent a weapon that no nation has especially the russians can pain jay. Remember who you saw and what you represent present present. That's hardly the worst of it. The didactic story has pops on the road. Encounter some mixed up africans from a made up country but the alternates yield one treasure an early version of the ballads. Summer song with a disarmingly vulnerable vocal. To land in the memories will stay still in wong and peaceful now days judy. No i can sing my some. I after that somber take rebecca. Put it in a brighter. Key and armstrong punched it up. Put more satchmo in it. There are other treasures in this armstrong anthology. Such as pops trading licks with electric guitar or with singing trombone as jack tea-garden and multiple takes of his nineteen fifty five. Hit mack the knife including a celebrated sequence where lewis does his best to get german singer. Lata legna to swing the ending. Back in armstrong's complete columbia and rca victor studio sessions nineteen forty six to nineteen sixty six contains only one single from that final year. Acer is a new show tune. He was assigned in the wake of hello dolly a new tune that suitor a little better even with the plinking banjo all in all the second firms the sheer variety of the mature armstrong studio sites and shows how much work went into making them sound casual and spontaneous. Knowing some of doom wide smile away live is capital radio. Chamois doodo cab farm taste. Kevin whitehead is the author of the new book. Play the way you feel the essential guide to jazz stories on film. You reviewed louis. Armstrong the complete columbia. Rca victor studio sessions nine hundred forty six thousand eight hundred sixty six from the mail order mosaic label. After we take a short break maureen corrigan will review two new semi comic novels about love and family. This is fresh air this message comes from. Npr sponsor e-trade. A bald. eagle isn't bald. A shooting star isn't a star and each raid isn't just for trading. There's lots of ways to put your money to work with e. trade from saving for retirement to starting to invest and they have a team of financial professionals to give you support. So you can be confident. Your money is working hard for you to get started today. Visit e. trade dot com slash. Npr for more information e trade securities llc member sipc. Hi it's terry gross inviting you to check out our new online archive collecting forty years of fresh air interviews and reviews. You can hear my interviews with people like david bowie. Aretha franklin johnny cash. John updike tony morrison search for names. You're interested in make a playlist for yourself or friends at fresh air. Archive dot org. That's fresh air archive dot org for. Anyone ever looked around at a holiday dinner table and ask themselves who are these people. And why am. I spending time with them. Our book critic maureen corrigan recommends to new semi comic novels about family. You fall in love with the person but you get a package deal. That's one of the big messages of two new novels that ruminate on love and family particularly the family. That's thrust upon you when you happen to mate with one of their kith or kin the heroine of katherine. Hi needs buoyant new novel early morning. Riser is a young second grade. Teacher named jane who lives in boyne city michigan on the very first page of the novel. Jane locks herself out of her house. Calls a locksmith and winds up spending the night and eventually her life with him but the relationship is not without complications that hunky locksmiths name is duncan and jane thinks he looked like the brawny paper towel man but duncan turns out to abetted most of the available women in boyne city. He's still friendly with a lot of them including his ex wife aggie whose remarried to an insurance sky with the personality of the house plant dunkin also works as a furniture restorer and he employs a helper named jimmy. Jellicoe who people in town describe as slow learning by the middle of this novel. Jimmy is permanently installed in jane. And duncan spare bedroom and aggie and her house. Plant husband a regulars for dinner parties. How did a fling calcified into an alternative family. One that jane is pretty. Sure she wouldn't have consciously chosen heine writes in a simple droll style about people who are often being less than their best selves here. For instance is jane's take on the ordeal of parent teacher conferences that she's required to hold for an entire school day each semester. All parents want to hear good things about their children. But sometimes you had to say bad things if you said the bad things to suddenly the parents didn't believe you if you said the bad things too baldly the parents got upset. Actually they often didn't believe you anyway and then they got upset too. It was like having an intervention for an alcoholic every twenty minutes for an entire working day. In addition to early morning riser katherine. Hi ni has just written a foreword to a new edition of laurie. Cole wins nine. Thousand hundred. seventy eight classic happy all the time and as a quick aside. I'll share the great news. That all ten of laurie colin's books are being reissued this year. Both coleman and heine are routinely and i think rightly described as literary descendants of jane austen sharing austin's essentially comic worldview view the humor in award-winning writer. Jones silvers new novel. Called secrets of happiness is more subdued. It's rueful rather than charming secrets of happiness opens with a middle aged gay lawyer named ethan recalling his childhood in manhattan and how his father who was in what he called. The rag trade often traveled on business trips to asia. Fast forward to the day when ethan along with his mother and sister discovered the dad has a second family. It turns out that the hostess in the thai restaurant in queens. They all like to go to for special dinners is a woman. Ethan's dad brought over from thailand years ago and together. They've had two sons who are now teenagers. You'd expect that bombshell would send ethan's family reeling and it sort of does. His mother for instance goes off for a year to thailand herself to teach english and backpack. But something else happens. In this expansive and elegantly crafted novel silber begins handing the story off chapter chapter two other narrators among them. Ethan's newly discovered half brothers. The ex girlfriend of one of those half brothers and ethan's fickle present lovers former lover. It's not like everyone knows each other. But they're connected in some cosmic way. Almost like a horizontal extended family tree that can only be observed from space and they all have such smart things to say about love whether it's e thin ruining the blindness of romance or is he puts it the sunny opacity that love can induce or this question from a young acquaintance of his name. Nadia nadia asks. How do people make these colossal bargains about what they decide to put up with the characters in both silvers and high knees. Novels are reckoning with the outcome of those colossal romantic bargains. Not only about what they decided to put up with. But also who all those other people family and friends bound to the beloved inextricably part of the package deal. Maureen corrigan teaches literature at georgetown university. She reviewed early morning riser. By catherine heine and secrets of happiness by joan silber interviews and reviews produced in edited by amy salad. Phyllis myers roberta shorrock. Sam berger lauren. Renzo heidi simone henry. Build an auto. They had challenor. Seth kelly and kayla lattimore our associate producer of digital media. Is molly seavy nesper to recent madden directed today. Show i'm terry gross. This message comes from npr sponsor. Ford the all electric mustang mach e and twelve foot rocket take off the rocket launches into the atmosphere while the all electric pony takes off toward the horizon at full speed visit for dot com for a new perspective on range.

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The Great Firewall of China, Pt. 2: Ciscos Trial

Malicious Life

28:29 min | 11 months ago

The Great Firewall of China, Pt. 2: Ciscos Trial

"Hi and welcome back to malicious life in collaboration with Siberian. A quick note before we begin this episode follows from the content covered in our last. If you haven't yet, go listen to our episode on the Great Firewall of China and come back when you're finished, I'll be waiting. When Western. Technology companies marketed research good services and employees to China to help build the most impressive Internet censorship and cyber spying apparatus in the world they are acting at politically. The consequences of those actions however were far from Appalachian. Take, for instance, the Falun Gong religious movement. In vacuum Falun, Gong isn't the most attractive protagonist of PODCAST APP is. In addition to peace meditation and transcendence, it's founder Li. Hongzhi is one of those religious leaders who also preaches about the morality of homosexuality and aliens and earth influencing global politics in the US in Europe found gung is known for aligning with the outright most notably by having founded the epoch times a pro-trump paper with panache for conspiracies and the movement's official emblem. The Fallon is basically just a bunch of swastikas. Now look on its own I, get it for thousands of years before the Nazis the swastika was perfectly innocent symbol in ancient Buddhism but considering Falun Gong was invented in nine hundred, ninety s you'd figure they could have gone with. Anything else. So Falun Gong may be off putting, but in the mid nineties, they came onto the ire of the Chinese state in a way you wouldn't wish upon your worst enemies. The movement was growing and failing to comply with Lee secular governments actions to raining its influence. So the government banned the books and made their practice in essence criminal the conflict between the Communist Party and Falun Gong was bitter amazed win just after midnight on July Twenty Eighth Nineteen, ninety, nine hundreds if not thousands of innocent members were forcibly taken from their homes and. By state police. That event set the tone for what was to come throughout the twenty first century. Falun Gong members have been targeted, surveilled and sent to prisons according to various reports from Amnesty, international the Washington, post and others. Those prisoners have been subject to forced labor force feeding sleep, deprivation, brainwashing, and other forms of torture they've been killed and worse. Wars like in two thousand and six when human rights lawyer partnered with a former secretary of state of Canada to investigate something odd was happening in Chinese hospitals. You see if you lived in Canada and you needed an organ transplant, the average wait time would have over half a year and the Canadian health care system was pretty good with a relatively high number of voluntary organ donors. What was odd was that in China beginning in Nineteen Ninety one? To one or two weeks for most people to receive organ transplants. That's insanely quick. Especially considering the rates of organ donation in the country were quite low. Where then were Chinese hospitals getting all those organs. You probably guessed. I'll save you from the more gruesome details and just say two things first between nineteen, ninety, nine and two, thousand sixteen the research identified up to one point five, million Chinese people may have been killed for their organs second in their report the researchers transcribed phone calls with actual doctors who admitted to the practice. It's likely that thousands upon thousands of Chinese people are walking around the world today with organs forcibly removed from people targeted simply because of their religious beliefs. Of course, the Western technology companies that helped build China's digital policing in cyber-spying capabilities couldn't have predicted that their technology would be used in service of such horrific discrimination. Right. Now. In. This episode of our show, we're going to talk about one of the most underreported, least known and most important stories in technology. It involves loss and ongoing one being delayed by Superior Court case and complications of Corona virus. Once ruling in this lawsuit is reached, however, it will have ramifications across the world but since this case is still ongoing, episode will be a little different than usual instead of telling you the whole story than reading it up at the end we're going to let you decide we'll go through the arguments for and against so that all of you out there for yourselves can determine what you think should happen to defend. So, please take a seat in the jurors box. We're about to begin. Learning. Often morning council we're ready to partner location horning. meet. Paul half, he has a kind of friendly uncle energy to him. The kind of guy you could picture yourself going fishing with he has that kind of face to doughy furry mustache. You wouldn't guess based on appearances alone that Paul is one of the most respected human rights attorneys in the country but he is he's argued before the Supreme Court of the United States on numerous occasions. On April eighteenth two, thousand seventeen, he's arguing before the ninth district. Court of the United States behalf of anonymous members of the Falun. Gong. Movement that DEFENDANTS CISCO SYSTEMS INC in San Jose California as well as John Chambers, the company's CEO. and Freddie Chunk VP OF CISCO China. The subject is Golden Shield the massive Chinese. It infrastructure project which combined Internet censorship and Pervasive Chinese state cyber spying. The prosecution's claim is simple from their opening brief quote Cisco designed tailored and integrated its products and features to target Falun, Gong believers and to facilitate prosecution, torture, and other abuses and court. Of A. Horrible. Human. Rights Violations that Cisco and it wasn't just the golden she'll. They could've sold the Golden Shield for just just the crime can control technology they sat down with the Chinese the Chinese wanted features in this in this system that would enable them to persecute the Falun Gong in those ways that everybody knew they were doing it. That's what they wanted. That's what they got. They may not like the fact that they're one of the most well respected technology companies in America really any collaborate in persecution and by extension allow for the torture of millions of innocent people. Cisco would certainly have something to say about that. Good afternoon your honors and May it please the court Kathleen Sullivan for Cisco. Over. Your honor. Unlike Paul Hoffman Kathleen Sullivan is exactly how you'd imagine an all-star corporate lawyer. She's well put together well-spoken and clear and always matter of fact, if she wear your law schoolteacher, you could expect a tough semester ahead. If she wear your aunt, you wouldn't even consider missed behaving doing Thanksgiving dinner. And she's extremely well accomplished former Harvard law professor former dean of Stanford Law School, and the first and only woman ever named partner at one of the US's top one hundred law firms when Barack Obama was President Kathleen was being considered for position on the Supreme Court if all that isn't enough, you consider this in two thousand and five, she took the California bar exam and failed in response many in. V. Legal Community questioned the viability of the test itself. Do you realize how good you have to be to fail a test that has been around for decades and then have people blame the test? She did end up taking it again, the following year and she passed. In this is Cisco representing the Defense Kathleen stands up to make her opening argument. I'd like to suggest that the court should begin where Mr Hoffman ended and that is with the words United States or in this particular instance, the words San Jose, because that's the easiest ground for you to affirm here the plaintiffs failed to allege conduct in the territory of the United States that constitutes aiding and abetting the alleged international law violations here, and after keeble that's essential for the survival of their claim because it's no accident that within thirty seconds of opening statement, Kathleen he's referring to kill. Since you weren't juror on that case. Let's fill you in in two thousand thirteen esther keough bell the widow of a man sentenced to death by the Nigerian dictatorship of the ninety s sued Royal Dutch petroleum better known as Shell the oil. Company. The case made it all the way to the Supreme Court her clean in that case was that Shell Oil Company had been complicit in human rights. Violations carried out against her husband and eight other activists collectively known as the Otani nine. Those Nigerian citizens had been protesting shells presence in their lands and for doing so were targeted and killed by government soldiers according to Esther Keough Bell Shell new oven even encourage that government violence. Sounds familiar. The key bell case had. From affiliations for how international companies could be sued for actions taken outside of United States borders representing the plaintiffs was a renowned human rights lawyer, Paul Huffman and his opponent representing the defense none other than Kathleen. Sullivan, her first words in the courtroom as she steps up to make her. Argument are these quote Mr, chief justice, and made please the court. This case has nothing to do with the United States. Nigerian plaintiffs suing in English and Dutch Company for activity alleged to have aided and abetted the Nigerian government for conduct taking place entirely within Nigeria and quote. You can sense the confidence in her words. Her argument was airtight. A European company operating in Africa can't be sued in the United States even if the plane Peace Now live there by the end of bill versus Royal Dutch Petroleum Little was decided regarding what crimes Shell had actually committed in. Nigeria. Because they didn't matter the case would be dismissed in five to two ruling on the grounds that it wasn't relevant to the US judicial system you can. Tell now why Cisco Hired Kathleen Sullivan to argue on their behalf in doe versus Cisco she wasn't just a good lawyer. She was the lawyer who beat Ball Huffman in the supreme court on a case involving the corporate aiding of human rights abuses in a foreign country. This is then the first argument you the jury must consider does the you west judicial system have any jurisdiction over crimes committed by China on Chinese citizens Pete's illegal question but also immoral. And we wouldn't be an air system. There are a lot of things in our system that the French believe in rounding up people who send Neo Nazi stuff over the Internet the British believe in rounding up people who encouraged Jihad over the Internet we don't agree with those things but other systems might and it does not up to a united. States, company to determine the foreign policy of the United States. If the foreign policy of the United States is is it's OK to sell Internet equipment to France Britain and China then this court should not create a lavish new lenient aiding and abetting case based on international tribunal suits. Basically Cathryn Sullivan asks what right does one country have to judge the laws of some other countries? But. Then again, even the judges know that this argument has its limitations. If you had a system. of identifying Jews in Europe to be rounded up and sent. Qa what do they call it a concentration center to one of those facilities we've just learned about. Complicated If, we manufactured a device Internet device and sold it. To Germany for the specific purpose rounding up Jews who then we knew going to be sent to concentration kid. You're. Not, be violation of international law that would that would plead eating a betting violation of international law. Things in new. The, judges hypothetical make sense right in what court in the world could you get away with selling poison gas to? Hitler. By the same token should we not hold technology company liable for selling networking equipment to a government which was noon to persecute innocence? Let's move on without case the prosecution says that CISCO'S EXECUTIVES in America head to know what will be the consequences of their business decisions agreement the State Department every year since one, thousand, nine, hundred nine has described. What this campaign of persecution is has described that it includes torture and extrajudicial killings and forced labor, and the use of psychiatric hospitals There have been widespread reports in the media there have been reports in the UN reports by. Human, rights. Organization. So Cisco doing any due diligence or just existing in the world would know that. According to the prosecution if Cisco simply knew that their actions would lead to such persecution and torture that knowledge in itself would be grounds for criminal punishment. Now. Don't worry listeners. I can hear what some of you out there are thinking but ran it's not exactly a crime to sell your product. The role of the company is to make good things not monitor how these things are being used by customers listeners I. Hear You. It's a good point. Say for example, I wear to use this podcast to broadcast to the world that Nate Nelson is ugly and stupid. You wouldn't Blaine the Microphone Company for capturing my voice. So crisply, would you? A microphone could be used for a podcast or it could be used to call Nate Nelson ugly and stupid. The microphone manufacturer would be responsible for neither the podcast nor that one hundred percent accurate fact about nate. Actually now that I think about it, you make a pretty good point. Similarly, CISCO COULD SELL technology to China for lawful purposes without being complicit in their unlawful uses for that sand technology treated just like you could look in any newspaper today and see that American police commit excessive force against certain minorities and against certain gangs that doesn't mean that a company that sells cruiser cars or surveillance cameras or computer technology to hook the patrol car up to the squad room is aiding and abetting the use of excessive force aiding and abetting the law enforcement Golden Shield is a law enforcement device it is by must admit Sullivan does have a point here. Except to the Prosecution Cisco didn't just know about China's human rights abuses and sell to them. Anyway they actually participated in those abuses. They enabled the Chinese. The find ninety percent of the fog and they put it in their marketing material. They were better than anybody else because they could find more Falun Gong members to put into the system of persecution. That's what they did and in other words it may. Be that companies like Cisco not only knew that their equipment would aid in the persecution of Falun Gong members but the actively marketed to the government how their equipment would be better at persecuting Felon Gong than the competition if the prosecution has the evidence, the claimed have, it might mean Cisco Systems be in China and the CEO the entire company where accomplice to human rights abuses against members of Falun, Gong. So. That was the second argument in case, is it enough to know about a crime to be considered as taking part in it to what extent is a company responsible for crimes done using its products if the crime committed isn't even considered crime in China? It's a tough question. Lucky for me. It's you listener who needs to decide. When team is, Lee, invented the World Wide Web he wanted it to be an open network where everyone anywhere in the world could share information and ideas sweetie. But if you've been following militias life and listening to what Snowden and other whistle blowers had to say, you already know that there are plenty of governments that really don't want you to have that freedom. Nord, VPN's vision is to make burners, leaves vision. A reality not pin has literally thousands of servers all over the world with military grade encryption and support for onion over VPN to allow you to use the Internet privately and safely it even bypasses great firewall of China nor deep yen doesn't keep any logs of its users activity. In fact, the company is registered in Panama for exactly that reason nor de Bien has a special offer for malicious life listeners sixty, eight percent of two. Year Plan plus an extra month three. To get that special offer go to Nord VPN dot com slash militias life and use the code malicious life nor Nordea pin off I thirty date back guarantee. So go ahead use depends super fast service to watch streaming videos or even for PHP your file sharing and see for yourself how good is sixty eight percent off a two year plan plus an extra month free nor pin dot com slash militias life, and use the code malicious life with. Thank. You for the support of malicious life. Let's assume for the sake of the argument that CISCO DID know about the crimes committed against Falun Gong members by China. Even. So we need to ask ourselves if Cisco's equipment had what's known as a substantial effect in the criminal act. What's a substantial effect? Well, here's what the prosecution alleges. Cisco did according to the appellate brief quote by integrating Falun. Gong databases with an Internet. Surveillance System which identifies and tracks Falun, Gong believers internet activities. Cisco's technology fed sensitive and tailored information on detainees used during interrogations, forced conversion and torture sessions to Chinese. Security Cisco further integrated these Falun Gong databases into China's Anti Falun, Gong security infrastructure, including its police detention centers, clandestine jails, public security, mental hospitals devoted to political opponents and other detention and torture sites. CISCO'S DESIGNS show how to track monitor and identify Falun Gong believers to further their religious persecution and quote. If we assume for the moment that the prosecution has the evidence necessary to back up these claims, we should ask ourselves is this enough to prove a guilty act does tracking monitoring identifying and feeding personal information about Falun Gong members have substantial enough effect on those people's persecution and torture. Kathleen Sullivan. Naturally disagrees is there's a fundamental disconnect between identifying members of Falun Gong which could lead to perfectly lawful means of reeducation or punishment. Under Chinese law, they wouldn't be era system, but they could be lawful. There's a fundamental disconnect between saying that the identification then is what enables the torture the torture takes place far away in time and place it's done exclusively by Chinese actors in Chinese locations in Chinese prisons in Chinese labor camps. According to the defense quote customary international law suggests that such assistance must be specifically rather than in some way directed towards the Commission of that crime and quote in other words, a crime shouldn't be vague you either acted in service of a crime or you did not if so how substantial are routers and databases to the violations of human rights conducted by China on Falun Gong members again, it's not an easy question to answer. In, summary, we have three overarching points of concern in the case against Cisco. I jurisdiction can crimes committed by the government and police in China be causally tied to business executives in California. Second is it Cisco's responsibility to know how their technology will be used if they knew about Chinese human rights abuses is that alone enough to indict them for business dealings or would they have had to intentionally collaborate in the crimes against Falun? Gong? Third DID CISCO substantially contribute to the crimes of the Chinese. Government and if so does it matter whether that contribution was specifically directed towards persecution and torture? With Corona virus being what it is the final decision in Dove Verses Cisco Systems Inc will likely not come around for awhile but you the juror have now heard the main events. What do you think? Right to me on twitter at at Ran Lily Ra l. e., V. I and we'll share some of your responses at the end of our next episode of militias life. That's it for this episode. Thank you for listening. I'd like to give a big thanks and shout out to all our listeners out there who say nice things about our show on social media and help us spread the word about the podcast. Bhargav. Renewed from India I'm sure I'm you your name here but so very sorry about that Cooper l. are nut apparently short for Land Rover Not Twenty four seven Joe Joe Lennox's triple six join and Michael. Semen from beautiful the Lynn. Jimmy. One of my favorite cities in the world guys. Website is militias dot life where you'll find all of our past episodes and fool transcripts. You can reach out to me on twitter at a levy or at militias dot live and via email at. Ready Dot com that's R. E. N. at Ra an L. E. V. I dot Com militias life was produced by Pi, media, our senior producer is the honorable nate Nelson looking for someone to help your organization create the most amazing podcast talk to us. We've been making podcasts since two thousand and seven thanks again salaries reason for underwriting the podcast then more at cyber reason dot com bye-bye. Music. Music Music.

CISCO SYSTEMS INC Falun Gong Falun Gong United States China Supreme Court Falun Gong Kathleen Sullivan Cisco Kathleen Sullivan China abetting Europe Nate Nelson President Kathleen CISCO China Lee
Episode 10: Adapt or Die: The Fall of Tower Records

The Great Fail

28:02 min | 1 year ago

Episode 10: Adapt or Die: The Fall of Tower Records

"Things Change and find out. You need to be flexible and adapt or you buy. Power did not adapt welcome to episode ten of the Great Fail. A podcast examines the greatest success. Stories and they're spectacular fails would lead to the demise of the most prolific people brands and companies. I'm your host Deborah Chen and this week will be looking yet tower records. Music is an ever evolving artform that has defined cultures for generations anthropologists and sociologists. They found that it oftentimes has the ability to forge even deeper connections between people than languages. It's a profound experience that makes flaine why there's such a visceral reaction you come across songs and melodies that move you and perhaps that's why the now defunct tower records seemed to evoke such a deep sense of nostalgia for so many for over four decades. This institution of a record store represented an era where the culture and abstraction of music or encapsulated into a tangible space from vinyl to cassette tape to CD's though it may be hard to imagine now. This was a time when the record store was the beating heart of musical world. The Tower was so much more than just a store. It was a movement and it radiated coolness the stores were ran by misfits and the renegade persona trickle down from the top from their beloved and worshiped founder Rusk Solomon who is revered in the music industry. All the way down to the clerk's working behind the counter who basically war whatever they pleased answer to no one partied hard and oftentimes aspiring artists. Themselves these guys and gals lived and breathed music and it could be felt in every part of the tower chain. This type of store. Culture was what may tower so successful for so many years at its peak. The music empire was earning a billion dollars a year with over two hundred stores in twenty one states and fifteen countries for decades. It seemed like the Sun would never set on the iconic yellow and red letters that illuminated so many urban cityscapes but that light so bright and vibrant would soon burn out. Welcome to the story of tower records. Birth behind a pharmacy in Sacramento California. In one thousand nine hundred forty tone-deaf and ungracefully dead by two thousand and six. There was a time when people would walk into a record store and spend hours looking through albums without any real motivation other than discovering new music as a pastime growing up in New York I would take the subway from Queens to the tower records on fourth and Broadway in Manhattan and it was a destination spot for me and so many others I would literally spend hours upon hours sifting through new music artists albums. I've never heard of and as a teenager was limited funds. I remember what it felt like taking a gamble on a new album. Either based on the look of a cover or speaking to a clerk that sold me on something new or a must have classic. It was an experience but one of my fondest memories tower records actually came from my dad being an immigrant from Taiwan. He's always had a love for American music and credit for putting me onto the greatest musicians of his time. Steely Dan Santana the Eagles Chicago. I knew he had been obsessing about Kenny. Loggins song called decisions but for some reason he couldn't find the album and he had been asking around but no one seemed to know of the song and this kept going on for several months until one day he decided to stop. By Tower he spoke to a clerk in obviously. There was a clear disconnect at I probably due to my father's thick Chinese accent and it seemed like the conversation wasn't going anywhere. My Dad persisted of final time and gave his best attempt at the song humming the tune. Peppering the only word he knew that belonged in the song decisions. He would drop in between the tune hoping to invoke some sort of response and then suddenly according to my dad's retelling of the story the clerks face lit up like a light bulb and he kindly sheepishly explained to my dad. That Kenny loggins wasn't saying the word decisions he was actually saying the word this is it which happened to be the song title. He finally helped my dad find the album that he's been searching for for months. There was something endearing about the exchange that made me always love going to the shop. And that's what Russ Solomon the founder and the man behind tower records took so much pride in in fact the tower website for their sunset. Boulevard store actually said quotes not sure who sings a song by the guy who sang that other song? Our friendly knowledgeable staff is always ready to help end quote. It was brilliant and so was there. Fearless leader Russ was after all the visionary behind the brands and how he turned a small little record shop into an international behemoth. That was a pretty unique story when he was just fourteen years. Old Rust started selling records from the back of his father's drugstore at the Tower Theater Building in Sacramento in nineteen forty. I guess you could say retail was in his blood russ would spend all day working alongside his father sweeping the floor pudding stuff away. And when his Dad installed a Soda Fountain Ross was working the machine as well? Learning how to make milkshakes. Ice Cream sodas but more importantly learning how to interact with his customers and how to sell it would be twenty years later after serving in the air force in World War Two when Ross would come back to continue the dream of opening up his own. I music store paying homage to his father's pharmacy by naming it tower records from his humble roots to the back of his father's store. This new venture would later turn into an empire in one thousand nine hundred sixty one russ opens up the first official tower records store on. Sacramento's Watt Avenue. Complete with its distinct assign letter insignia. Courtesy of his Buddy Charles who used the capital letters from a font literally called tower and combined it with the colors of Shell Oil Company because it was one of the most visible colors you could see from a distance. It's certainly worked with the signature wide aisles stock with LP's and CDs which became the staple of the other tower record. Franchises Tower would become the Mecca for music fans swarming by the hordes creating a generation. That live by their diehard slogan. No music no life. It was the coolest place in the world by nineteen sixty eight in one thousand nine hundred. Seventy a new strain of stores emerged in locations in San Francisco and Los Angeles in Nineteen seventy nine. They open the tower Japan which became one of their first international expansion. Efforts many would say that the seventies to the nineties made for the perfect storm of events that allow tower and many other music retailers to thrive. It was a time when the act of acquiring physical music was so personal when you would hear song on the radio or see a local ban at a dive bar and you would crave to hear it again and want more and you have to head into a store to actually physically by as music transition from. Lp's two CDs tower dominated the music retailing industry raining above all others with its diverse collections. Clerks that served as tastes makers and their committee of outsiders. Atmosphere Tower wasn't only revered by fans. But they were revered by musicians themselves. Bruce springsteen would frequent the stores. Elton John would go into one every week to buy stacks of new releases. Pavarotti performed at the stores in San Francisco and would stick around to sign autographs for hours as with many other artists. The list of bands that played from the shop range from durant Duran to Mariah Carey with legends. Like axl rose. Who even work there as a night manager in the eighties. The inside of the store was filled with good vibes and Bohemian Culture and outside the store fronts. You were met with an amass -ment of hand painted billboards touting the latest new releases but the character traits that work so successfully was perhaps Russia's unique approach to management which was called the Tom Sawyer method. Where everything they did was based on ideas from the people at the stores. Darren Phyllis operations manager who is an executive overseeing? The growth of the company in Latin America talks about his recollection of Russia's management style. Culture was that these are the people that are in the field missing to them and they have ideas came straight from like after a while. I got to meet the rest on your power with thank for calling McCain's down data talking to customers and it just Brad Culture of freedom and responsibility accountability. Because you're also looking at yourself and your body so they're really cool place to work because there's a lot of fun and places with music playing all day. People are coming to do something that they love. You know. Spend time and talk to you very social environment. School was really cool by even the book section. You know people go and they talk about the books the new releases and the best sellers magazines and just a really cool hip on place to be subsequently most of the decisions during these expansion years seemed to have a fly by the seat of the pants approach invoking a sense of fearlessness an invincibility but despite the companies massive success a storm was building on the horizon one that would shake the entire music industry to its core the late ninety s brought with it the digital wave digital downloads and streaming music started to erupt in popularity and began to supplant the physical act of buying albums and though there were strong doubts that digital could ever replace physical inventory time. We're changing the writing was on the wall and it was hard to ignore in nineteen ninety. Four there was a promo video. Rusk was quoted saying the whole concept of beaming. Something into one's home. That may come along someday. That's for sure but it will come along over a long period of time and we'll be able to deal with it and change our focus and changed the way we do business as far as your CD collection and our CD inventory for that matter. It's going to be around for a long long time. Believe me that interview. So calm and confident made it clear. How Tower never saw what was coming because just three years later in. Nineteen ninety-seven Capitol records made history when it became the first major label to digitally distribute and sell Duran. Iran's single electric Barbarella as the Internet's first ever digital asset selling for ninety nine cents. It completely disrupted the music industry and signal their arrival of legitimate digital distribution this rattled the hierarchy of the retail food chain and pissed off record stores. It seemed that no matter the loyalty of the customer. Everything changed when they found out that you could be in your PJ's downloading music for a fraction of the price. The effects were earth shattering. It was a transitional time and the entire industry saw sales. Drop down by half of the fourteen point. Six billion within that decade the dramatic decline in revenue caused large-scale layoffs and led to consolidation as well as many venerable retailers vying to stay on top. It also didn't help that. Big Box retailers like target and Best Buy Circuit City and Wal Mart. They all had their own agenda to drive in more consumers to their stores and they were heavily discounting their own music inventory. But it would be what occurred in Nineteen Ninety eight that would be towers. Ultimate misstep with so many competitors in large retail chains like Sam goody. Hmv Virgin and many more all trying to become the reigning force within the music industry. What Tower do well. They decided to double down rather than RETIEF SHIFTS. Focus and perhaps recalibrate its business strategy. It decided instead to go big. Go aggressive and continue going. International Rust took on a hundred million dollars of debt and use those funds to drive their footprints internationally. Perhaps it was a scene easygoing confidence that had wants me tower so invincible but as the overall industry was starting to die down the decisions that the executives on top mead were starting to sound as off pitch as Busted Guitar. Things really began to unravel when tower kept expanding. Remember opening stores I my first projects. The first one I did was in Argentina and boring aside. I went down opened his store. Then these big stores like the international expansion. I got to witness a little bit I'M IN VIRGINIA STORE IN TORONTO and I'm all very different type of format than from what I mean. They were custom again. I believe must've stories are standing alone. Mall Rent is very different than being a standalone Another store nineteen which was huge. I think six stories huge inborn insiders another one and those sources didn't work you know so they didn't millions and millions and millions of dollars into the international expansion. The Mexico business wasn't working either. You know they were venture partners. But but I'll say it wasn't bringing any cash from all outside of Japan wasn't really working for them a franchise models where they were in other parts of Asia and Latin America. Just wasn't didn't work the same for some reason. I don't know why I can't speak to white. Wasn't maybe the price and case of Mexico. Mexico there's a competitor called mix up and makes up time forty stores and tower had four stores And it's a business with relatively thin margin. It's about volume so you don't have you know the locations. You're not gonNA thrive on a store by store basis power source the very very well when you look at how they prepared to accept store. We were doing very good business and handicap stores. We just didn't have enough then. Also part of this thing was in my particular learns his processes that we were doing things very rudimentary and very like manually. And we weren't leveraging technology that power was using in the US so we were doing things very inefficient lists making mistakes of purchasing and you know not managing inventory properly and even the financial statements were Kinda Hokey. Just because you weren't leveraging attack and something that I mean I don't know why that wasn't implemented properly from ECHO. The pain seems almost inevitable because the strategy abroad wasn't really much of a strategy. Russ's dependence on debt to feel towers expansion created a burden on the company's finances by the early two thousands as a result tower lost ten million dollars in the year. Two Thousand and ninety million dollars in the year two thousand and one of the same time a long-term Napster not a major blow I think that's a made him anything. When I was in the offices more Sacremento. That was a major thing that you in here. Everybody talked about it. Get Your Munich for free. You can put it on this little device but you can just put your music on there. He was with you whatever you want. Whatever you want and it changed with me. That was the tipping point of changing music. Two Thousand and four was the first time tower filed for chapter eleven citing heavy dead from the aggressive expansion in the ninety s growing competition from mass discounters and internet piracy during this time. The debt was estimated to be about hundred million dollars and the SEC revealed that it had lost money for thirteen consecutive quarters. The company went into full cost. Cutting mode hired. A new CEO hired a crisis management and bankruptcy specialists to help clean the company's heavy debt an image but it wasn't enough on August Twentieth. Two thousand six the company for the second and final time announced that it would be shutting down. Its stores forever. Once we're billboards of album releases were now replaced with going out of business. Signs Tower would close eighty nine stores in twenty states and let go of three thousand employees. Some have speculated that Russ is too big to fail mentality got in the way of adapting to the changing time and that from up top their aloofness was what ultimately killed the brand and made it obselete but the lack of structure and loose management style. Well that was what made it. Unstoppable for forty years did the ultimate ending to Russ's poetic vision lay in his failure to adapt and evolve the paradigm shift in music technology. Those same anthropologists that speak to the power of music would also tell you that adaptability is essential for survival. Take for instance tower records Japan. I talk about this because I visited the store and Tokyo just a couple months ago and felt like I was at a time warp as I walked in. It was still so alive in fact there was a huge line of fans waiting to meet a boy band group the same essence that kept tower. Usa So alive in its heyday. During the turbulent times in the early two thousands the local management of tower Japan decided to seize an opportunity to buy out its division and Split from the US parent company. This allowed for the Japanese store to chart their own course and they did. By investing in the redevelopment at the store to become the largest tower in the world and also create content through its free magazines tower. Japan was the first to team up with local record. Companies and artists to develop innovative ways of grouping categories. They were also the first in the world team up with artists to bundle concert tickets and backstage passes with music sales as they combined. Cd PURCHASES WITH CLUB memberships stickers cards posters and other incentives the actively promoted in store concerts signings in conversations with local accent labels and while tower. Us carried on as if napster would miraculously disappear there Japanese counterpart invested and became a majority owner of Napster Japan. As the saying goes if you can't beat them join them any get into new markets. There's a couple of international expansion drain them of cash. I so they were there. Were SOME ARROGANCE ABOUT. Were our records. We can do look at how strong we are here. We can do whatever we want. And he come into these markets and it doesn't work anything. Well we're tower. Eventually they'll come around. It doesn't come around like we're big muscle from muscle our way through here with the label. So it doesn't matter. They just not generating enough sales to cover your over. You know not not understanding the economy that you're going into or if you're going to go into a market to have a more structured plan for my recollection with like how it was done in Mexico because rendering baggies. When does it before I was involved? It wasn't a very formal business plan. I mean there's the business model but like okay we're gonNA hit these milestones. We're GONNA stand. We're GONNA do this in order for this to work. We gotta have this many units to like a break even analysis like I love this what I would consider. Basic things practices right now. It was a very emotional passionate decisions very passionate business and the business is very passionately Mexico. I mean every a love of the music and the culture but I think it was lacking some business structure of how to run the business property and other things too is. I think is to not be on your model and understand that your business plan and your business model alive. And I've things change baffles. You need to be flexible and adapt or you will die if they tried to. Do you know the success with and DVD and BLU. Ray But Goss- was. It wants to see me came out. They didn't they were. They tried to sell hardware but the margins were just too well. I only have like eight feet in store hardware just wasn't enough. He doesn't know margin. You're not telling nearly enough to even make that remote impact. Their business was selling physical media. And they didn't don't they can too many stories of them just didn't watch all. The downfall of tower was ultimately a product of rapidly changing times a company that failed to see the writing on the wall. It bears noting though the tower was not an outlier. In this record stores are practically an endangered species now and tower had the dubious role of being the first and biggest domino to fall. This was the phenomenal case. Study a classic example of how a beloved brand after achieving so much success could stumble into the mistakes that you'd see in a business wanna one class over expansion. Lack of capital lack of structured management underestimating competition and the failure to adapt with changing times. I think sometimes we have a tendency to assume that the business world is this insanely complex monolith. The cases like tower. Show us the ways. Companies crumble are often remarkably simple. There are so many more companies that will continue to be disrupted by technology and changing consumer behaviors and when corporate anthropologist. Look back at even this very moment. What will the right about now? Look at the current roster of iconic companies or what continues to happen to brick and mortar stores. How many of them seem subject to tower? Records went through consumer behaviors continue to evolve. Innovation is occurring every day and when disruption happens when you least expect it what companies will evolve and what companies will dissolve and. What side of the fence? Will you be on if you are running a company today? What may tower so special creativity. The glamour their beat war that thrived for decades were rendered useless against the emerging behemoth of Digital Music. Ironically would made them thrive the chaotic creativity. That was once necessary. To survive. Never transitioned into a structured form of management as the music industry all of the progressive players. Forged AHEAD RUSS. The antithesis of corporate was known to collect neckties from music industry executives that he would scissor was the one being cut this time after towers fate was decided in two thousand and six. Russ sent an email to his employees. In what would be the last and final official letter for his staff in it. He said the Fat Lady Has Sung. She was off key. Thank you thank you. Thank you special. Darren Phyllis for his contributions to this episode and for sharing his story on the iconic tower records. And thank you for tuning in on this week's the great fail a program that spotlights some of the most infamous case studies of failed businesses brands ideas and goes beyond that to garner lessons of wisdom. So that we can all learn from the greatest mistakes. The research on each episode is extensive but none of these episodes would be possible without the tireless efforts of researchers writers and reporters. They are all credited on the great failed. Dot Com under our show notes. Connect with us at the great fail pod on facebook twitter and instagram and please subscribe rate in review so that we can continue bringing you more episodes and remember with great failure comes great liability. I did

russ Japan Sacramento Mexico Franchises Tower Atmosphere Tower Tower Theater Building Tower US Napster Signs Tower Rusk Solomon founder Kenny loggins Darren Phyllis durant Duran official Russ Russ Solomon New York
Wrong Ways to Celebrate Martin Luther King Day | Mary Frances Berry

The Daily Show with Trevor Noah: Ears Edition

30:45 min | 1 year ago

Wrong Ways to Celebrate Martin Luther King Day | Mary Frances Berry

"You're listening to comedy central January. Twenty Two thousand twenty from comedy central's World News Headquarters in New York. This is the daily show with trevor. No ears aw tuning in. Thank you now coming out through this. See He left. Make a show on our guest. Tonight is an eminent historian. Hint to talk about the legacy of Dr Martin Luther King Junior. Mary Francis Berry is joining us on. Tonight's show the worst ways to celebrate. Mlk Day a thousand men storm. The streets of Virginia and Bernie Sanders is not sending. You A goddamn birthday card. So let's catch up on today's headlines. Today is Martin Luther King. Junior Day day when people celebrates the civil rights leaders life for others. Today was the data celebrate something black that they loved their guns guns today. Thousands of protesters some heavily armed rallying in Virginia State Capitol protesting legislation that would restrict access to guns perimeter was set up around Richmond's Capitol building outside of it. Thousands roamed with weapons in hand. We're here to represent every citizen here. That wants to keep the right to bear arms. Okay guys this is so embarrassing but everyone here will the same day. Somebody's go home and change number. frill real this is like one of the reasons America's so fun go to any other country and tell your friends to get all the guns because you're gonna much to the capital. You see what happens. Yeah get the American. Just be like yeah. We're just showing up everywhere else. You either getting arrested or you are the captain now. That's what's happening and look I know that might have looked scary to some of you but look on the bright side. If you're a dea in Virginia today this was the best day of your life all the deal was just like all the guns at the Capitol. Everybody let's not smashing time to overpopulate these. He's one wherever. Let's move on to a story out of Michigan that just may restore your faith in humanity and for the stores leave. We have a story about a guy literally was sitting on a small fortune. Meet Howard Kirby who found forty three thousand dollars in a couch cushion actually forty-three one hundred and seventy dollars. Kirby bought the couch last month from a thrift shop near his home in Michigan and kept complaining that the cushion was uncomfortable so his daughter opened it up to see what was going going on and she found all that cash. Kirby went back to the store learn the couches. Original owner actually passed away last year. The be kind part of the stories that Mr Kirby gave the money to the late man's relatives. Wow Guy found forty three thousand dollars in a couch who owned this couch. Bill Gates like who owns. Go 'cause I've heard of losing coins in the couch but who was like. Oh where did I put my fifty thousand dollars off. This guy is one of the nicest human beings but he returned forty three thousand dollars. I'M NOT GONNA lie. That's way nicer than I can ever be. I don't play those games. James Matt finders keepers. Yeah I won't even return a rental car. I'm just like Yo. It smart touch will call me like sure. He didn't return a call. I don't know what you're talking about. What got you on the phone? They can make the Bluetooth if hypothetically had to drive again. I'm just saying in fact. This may be unpopular. But I think when you buy something you get to keep whatever comes with. Let's let's face you taking a risk when you buy a used couch. You're basically buying a lifetime of someone else's thoughts if you're willing to stick your hand inside the couch you deserve whatever you fight all right and finally in some environmental news. Because of climate change it may soon be impossible to grow coffee beans in most of the world but now scientists have decided that they're going to do something about that inside a laboratory. Scientists are concocting something they call Molecular Coffee Cup of caffeine without without the be jared. Stop Fourth Andy Clyde. Your Co founders of the startup a Tomo following in the footsteps of Trendy Plant based meets like impossible and beyond a Tomo wants to give coffee lovers. This sustainable option is climate change in the increasing demand for coffee lead to deforestation. We're the Tesla of coffee. Okay maybe this is me but I don't know if coffee should be the top priority right now because when climate change is destroyed the planet and we're all living in a Mad Max dystopia coffee is going to be the last thing on your mind. Yeah I'm not a new coffee when the guy with the guitar is right behind all right. I'll be I'll be like Yo. Yo Oh I'm up I'm up. Everyone was like hey I could use some coffee right now. No you're on fire my man. Don't worry about being because this is the reality we're going live in one day if we don't take climate change seriously we're GonNa have to find replacements for things we no longer have instead of coffee. Beans will have to make the roasted beans smell with chemicals instead of meat. We'll have to use plus burgers instead of hot dogs will let you grow. Synthetic pig anus sinuses. I think that's where it comes from so this is going to be a real problem for coffee lovers although interestingly it won't affect starbucks because they thought ahead and they've replaced the coffee with puddle water like twenty years ago that's the headlines. Let's move on to our top story. We're now exactly one year away. From the next presidential inauguration which means this time a year from now we'll either see a Democrat up there taking taking the oath of office or we'll see trump zip-lining from the Washington monument wearing a cape made out of his tax returns. Why don't you audit these nets but before we get ahead of ourselves? The Democrats still need to choose the nominee. So let's catch up on the latest developments in the Democratic primary race another installment of World War not primary voting is kicking off in just a couple of weeks which means people around the country are starting to decide which candidate they're supporting and that means endorsements are beginning to roll in Bernie Sanders was endorsed by AFC and the National Nurses Union Andrew. Yang got the endorsement of Donald. Glover and Dave Chapelle and Mike Bloomberg got the endorsement of the other six twelve but this one endorsement that Democrats have been waiting for all week. The New York Times is the country's most trusted paper and we're America. Erica turns for news until they run out of free articles and last night in the middle of another super contentious primary season. The New York Times decided not to decide side. Democrats running for President or getting a boost from the New York Times editorial board for the first time ever. The paper endorsed two candidates in the primaries Elizabeth. Warren and Amy Klobuchar Time says that Warren is the best leftist candidate while Clovis Shar is essentially choice. Yeah for the first time in one hundred hundred sixty years. The New York Times decided to endorse two candidates. which seems like a couple Te? You're only supposed to make one endorsement. That's how it works right. You never saw Lebron ad. where he he was like to quench my thirst I choose sprite? Oh water. It's fine either way. I mean they both work. Whichever one you choose now? Even though the Times decision was a letdown for some people I did appreciate. How transparent the process was you? See the paper's editorial board brought in each candidate for lengthy interviews which then released to the public was great because we got to learn a little bit more about all of the candidates for instance. We learned that if you're having a surprise birthday party don't get Bernie to planets would are you likely to fail. Al At our to do poorly as president. Look I don't tolerate bullshit terribly will and I come from a different background on a lot of other people who run the country not could it backslapping not good pleasantries if you have your birthday. I'M NOT GONNA call you up to congratulate using a loving the right nice things about me. That's not what I never have half. I take that as criticism self criticism. I've been amazed. At how many people respond to happy birthday all Bernie. Thanks so much for calling it works. It's just not my style Goddamn Bernie. Sanders is not mess around the question was what would you be bad at. As president and his is onto somehow became birthdays. I feel like Bernie should just start his own line of hallmark cards. And it's just the white piece of paper that says whatever. Aw It's almost it's almost feel like Larry David personally ended him on. SNL So now Bernie is impersonating Larry Real life. You know. He's just like why in doing this. Why are we still blowing out candles? You know you know what my wishes tweeter slice of cake without your spin on it. How about that? How about that? and to be fed of Bernie once you get to his age birthdays on that fun anymore. Yeah you get that many candles on a cake grit attune bugs are gonNA shop in protest. Your carbon output put come on now now there was. There was one notable candidates who did not sit down with the New York Times former mayor of New York and wills cutest. ATM Michael Bloomberg. Apparently there was some confusion. You See. The editors asked if he would come by the New York Times and he responded. Sure I'll by the New York Times House twenty billion. I found it in my couch so Bloomberg wouldn't speak to the Times right but he did spend the weekend doing outreach to different group of People Black People Michael Bloomberg hoping hoping to win over black voters he gave a major speech on race in Tulsa Oklahoma on Sunday Bloomberg attempted to connect with block voters by discussing how he has benefited from white privilege. The challenge of African American wealth creation today is inextricably linked to the racial inequalities of the past ast and I'm determined to make breaking that link a centerpiece of my presidency as someone who has been very lucky in life. I often say my story story would only have been possible in America and I think that's true but I also know that my story would have turned out very differently if I had been black and that more black black Americans and my generation would have ended up with far more wealth. Had they been white. Okay Wow Michael. Bloomberg delivered a speech in Tulsa Oklahoma Cla home acknowledging. His white privilege was the sink. It was clear. And that's one thing you'll never see old white men do well that and covering their balls in in the locker room. Can I be honest. I'm proud of Mike Bloomberg not just for admitting is white privilege but also for how you used. It's because I see so. Many white people wasting their white white privilege of stupid shit like getting out of parking tickets or complaining to the manager. My Man Bloomberg over here used white privilege to make sixty billion dollars. Yeah you privilege the shit out of that whiteness. That's supposed to use it and we all know the reason Bloomberg is doing so much outreach to the black communities because as mayor of New York his police did a little too much outreach to the Black Community Yeah but if Louisville wants to make up for stop and Frisk he should just do more. Stop and Frisk again but this time leave one hundred dollars dollars in everyone's pocket not wasn't just reported from the time interviewing the candidates. I won't correspondence from the daily show. We'll also there with the candidates ended. It's to ask them some questions of their own. Say something mean about Biden. I'm not GONNA do this. I'm just not oh come on just one. A nasty comment need a fight to keep the ratings up. I'm glad to talk to you about why I'm running for president. Okay but not to attack. I'll just say you call the Middle Bitch. Bayden Senator Sanders. Let's talk domestic issues. How do I fix my failing marriage? You take a minority and you demonized on. Is that minority. And you blame that Minardi and you take the despair and the anger and the frustration. That people are feeling and you say that's because the problem. Okay take minority senator. I know this is a terrible question to even think about it. Nobody really wants to ask this but we have to know what if the president they make another cats movie. That's a deeply worrisome. Thought it is love at gas. Yes thank you so much. We'll be right back the pay that Chang here but you already knew that. Because I'm mega famous. WanNa let you know they have a new podcast. It's GonNa Shadow your brainwaves. It's called Hashtag crushing a success. podcast winners got life hacks. Business Tips opinions on meet weightlifting ideas and a rod dogging interview with Daily Show correspondent Roy. Wood Jr. Hey it's Roy Virginia here. I'm so grateful now. Whatever I'm still going Okay Hashtag crushing success zest podcast winners? It's all part of the daily show. podcast universe available on Apple podcasts. And everywhere else you listen to podcasts. The daily show today is Martin Luther King Day a day when America celebrates the legacy of one of its greatest civil rights leaders and the day where black people get cut in. Line that you're totally at least that's my excuse. But what is Martin Luther King Day and how should people celebrate it. Well for more on this turn to a man who was at many dreams that no one wants to hear about where would you welcome good to see Mandela. MLK milquet day is a special day for America and this is a special day for me as someone who has been mistaken for Martin Luther King Jillian many times but as we get further and further away from his life. It's easy to forget. Get what he was really about. Which means sometimes people celebrate them up? Wait so today. I'd like to show y'all some of my favorite. MLK Cups like this one. The holiday didn't go as planned for some today. A business in Duluth Minnesota created controversy when promoting a sale in honor of the civil rights leader. The sign posted at the shop red. Mlk Day sale twenty five percent off everything black but the owner says it was misinterpreted. Twenty five percent off everything black. He was black he was proud he looked good. We were celebrating that. Are you serious foot. Mlk Day twenty twenty five percent off for black close would it should be one hundred percent off of black people free at last free at last pants tops and coats of free at lakes. The what makes it worse. Is that if you re Dr King's speeches you'll see that he was opposed to consumerism wasteful. Capitalism that's right celebrating. Mlk Day with a sale is like commemorating Samuel L. Jackson Day by whispering. Stop with the the ban stands for. It's not like in the middle of his mountaintop speech. Dr King just broke off. Remember me with savings to insane people might not get to. That's the power of the discount. Come on it actually. It actually is unfortunate because it seems like some white people out of touch touch with Dr King's legacy. It's not just the white thing. If fact Dr King might actually be proud that on his special day people of all colors and backgrounds backgrounds have been enough. We pause to honor Dr King this year. Oh Flyer for local event that bears his image is causing a stir but as NBC Twenty-five swelter Smith tells that's right now. The Party is now cancelled the party. Promoters nowhere to be found. This poster has a lot of people shaking their heads and discuss it shows Dr Martin Luther King Junior wearing a gold chain promoting a party called freedom to work. It was supposed to take place at this club but it's been cancelled. The owner says he's disgusted and they'll we know torquing year there will be no tw- working here. Sound like Gandalf in Tyler Perry movie that will be no all the strips flow. Also how you going to photoshop Dr King with gold chains to try I make them look cool he was already cool. Look at look at these pictures of Dr King from back in the day. Look at playing pool in a suit. The civil rights march shot so cool. It doesn't matter if he misses and here. He is making the laboratory cool standing in front of book. Stacks of money. But there's this favor Martin Luther King wearing sunglasses inside trevor. He could've taken that call in private but he left the door open for the hate us but maybe maybe the most popular activity on. Mlk Day a is using his legacy to push your own agenda and no one has done in a more interesting fashion than this guy. I believe that God Appreciation Day Honors Honors the Legacy of Dr King. And the truth is I think Martin Luther King would agree with me if he were alive. Today that if African Americans had been given given the right to keep and bear arms from day one of the country's founding perhaps slavery might not have been chapter in our history. Okay okay. I'm pretty sure Dr King's list of Brian giving slaves guns comes way below not heaven slaves in the first place the logic the third. How would you do that like do? Do you think the slave owners would have just had a little Chitchat. We'll shoot we're set him go now. Autumn set them free. Let's make it interesting. Give them shock now. I will say this. If slaves did have guns the movie roots would have only been fifteen minutes. Slow your name. Is Toby. All whatever you WANNA call so Roy. We've seen people mess it up with sales or with their own agendas. But what is the proper way to celebrate. Dr King's Legacy Listen Man is simple. MLK was for racial equality. Economic Justice stood against exploitation of the floor and he did so because he knew that one day our great nation would rise above above bigotry injustice and poverty and on that day my friends there will be working for everyone everywhere. Hey is it's Sokoll Fina and I wanted to tell you about my new show. AQUAFINA is from Queens on comedy central. It's a show that's loosely based on my life growing up in Queens with my dad and my grandma and and also my cousin Edmund some things to look forward to this season. Let's see. We got a Chinatown bus ride to Atlantic city. I found out legally dead grandma starts. It's a fight with a whole bunch of Korean women. We got quipping. We Got Bleach Gucci's Card counting tale involved controversial anyway watched. The premiere of Aquafina is nor from Queens January. Twenty second on comedy central. Check it out. I'm telling you to watch it so watch it. I love you bye. Welcome back to the daily show. My guest tonight is a civil rights activist who served on the US Commission on civil rights under five presidents including as chair. She is a historian at the University of Pennsylvania and her latest book is called. History teaches us to resist. Please welcome Dr Mary Francis Berry thank you thank you so much for being on the show. Welcome to the daily show. Thank you and before before we get into the book I just wanted to say I honestly have met a few people who have lived as much of a life as you have. You may not. I'm old old as some people old but they haven't live life You really haven't because because reading through your story. Truly fascinated me you know you were at the forefront of opposing the Vietnam. You know you were one of the key. Individuals who fought for the American government to impose sanctions on the apartheid government in South Africa. You've been fighting for equality in America for a long time you've been on the front lines and your friend of Dr King's family if you look at Mlk Day today and you look at how people have walked his message in his image etc.. What do you think is the biggest misconception? People have about Dr King. The biggest misconception is that Martin Luther King was a dreamer who had a dream every time I go someplace people say yes. He was a dreamer. It was to always dreaming. Well that's because of the speech and the part that's taken out a Martin Luther King believed in the right to vote the first speech he gave save in Washington at the prayer pilgrimage. In nine hundred fifty seven is coming out as it were in Washington was about if we ever got the vote. Everything thing would change. We'd have justice. Just got the vote that was even after a year before they had done the boycott the Montgomery boycott but over the years as evolved he saw. Hey the vote is important and we should get and he continues to fight for it. But voting by itself isn't going to give justice and he concluded that protests is an essential ingredient of politics. You see politicians uh-huh wont to things. They want to vote for them and they want to get get elected and they want you to vote for them so they can get reelected right. Those are the two things they want bought up. The thing you have to want is to make them do what will give you justice and equality in this country. And they won't do that unless you make make them do it. But let's protest is involved. Martin Luther King believed the nonviolence he learned about it he believed at it he incorrectly believed in it. It was is at the center of their lives. When I say protests is essential ingredients politics I mean nonviolent protests and the book is about the the kind of non violent protests you can engage in which will make change it will make government officials who elected? Actually they do what they promised they would do. Isn't that unique. How interesting that? They would actually promised to do something and even try to do it. Yeah but that's what the other thing the book is about is how every generation has to make its its own debt in the wall of injustice. Young people have to pass it on all the movements that I talk about in that book in which I was involved at at the center of some of them. It didn't happen overnight. You didn't go out and have one march. They didn't go out and have to marches at. We went on for years until so we were able to make change so young people have to pick up the torch and move forward with it and make their own debt. It takes a long time for it to happen. And Martin Luther. The king stood for all of that. He didn't live long enough. Unfortunately his life was taken but in the time that he had with us he modeled all those things for us. There was another thing he modeled. which was you don't have to be perfect in order to be good and to have a good message you don't have to be personally perfect in order to What you look at what people do in the cause and put sacrifices? They're willing to make and that doesn't mean that everybody should go out and dad. That's not what I'm talking about what I'm talking about is we worked hard to end the draft and we succeeded. I can show you and if you read. What's in the book? You will see that that we succeeded when we wanted. The Americans with Disabilities Act passed in the Congress we use strategies and tactics to make it happen and what you have to do when you protest. Oh test is keep changing what you do. Don't do the same thing over and over and over again people get tired. If you did the same thing on your show every night people say changing up of you were like the team that played Kansas City right yesterday and they just kept on doing the same Eh. Do something different to sting a few if you on odd student loan forgiven so you don't have to pay off all right whatever news you want organized people mobilize people to do it in a non val always put pressure on. You have to make politicians do stuff. Do you think eh climate change do do you think that our generation has become complacent in thinking that a moment of giant protests counts as the duration of protest. Because in the book you talk about how for instance with the Apartheid Apartheid Movement anti-apartheid movement. It took two years for you to get the American government to do something so I think our generation goes we have a big march. It trended on twitter and and now we're done and we think that's enough whereas supposed to be an ongoing affair. Twitter putting something out on twitter is not movement. You can inform people through twitter. It's very useful for that facebook. They're all useful that also. You can be kept under surveillance by the people watching you. Why are you doing it? But you have to. What I learned over time and Martin was an exemplar that you have to be present in the moment? You have to do something yourself you have to be there. You have to put your body on the line. You have to be willing to go to jail. You have to be willing to say here. I stand and you will go further. Because Casa have moral authority in what I'm doing so use any kind of media for communication and get in touch and stay in touch all the. We used to use mimeograph ATM machines and get all of our fingers and all of that and the rest of it but you can make change so the lesson of all this is in this book is if you read it. If there's a change you want have made sure vote. It's an election year but don't just vote and then go home and say all right. I did it now. Four years from now come back and do it again. That won't get US anywhere that won't end inequality and that won't change US and get us justice in this country if you could organize. Yeah the if you could organize a protest today that would last until I got the results results that needed. What would you say is the most pressing issue? I know there are many. But what would you say right now would be the most pressing issue that you think. People need to protest for climate change. It affects all of us without regard to race class. Or whatever it is we may not understand that it does but it does so I would do it in a way to try to explain to people not just the morality of it but how their lives are in danger in the labs of their children and so on and find messaging. That would help to do that. And the messaging. It takes time for the anti-apartheid movement. The Steering Committee on that movement which was successful met every day at my house in the morning for year and a half and had protesters out every single day going to jail. We all went to jail multiple times. We boycott it Shell Oil Company. We we did we. We made people stop buying Krugerrands when they didn't even know what Cougar before we got no help to get Nelson out of jail and oh was that a great day day when it happened and so it takes hard work it takes thought it takes using creativity and imagination about how to get the public's attention we had marches but when we had marches we had celebrities people who folkestone knew about Paul. Newman you guys never heard of him. It was an actor. The people like that who are out there doing it so in fact you could. If I were doing it I would sit down and you could. If anybody wants just to start. Read the book and come to my house and we'll sit there for another year and a half going out every day. Mobilizing people figuring out what to do. Sounds like a plan. Thank you so much for being on the show wonderful having you especially today teachers to use is available now Dr Mary Frances very everybody. The daily show with in addition watch the daily show weeknights at eleven ten central on comedy Central and comedy central Apple Watch full episodes and videos at the daily show dot com follow us on on facebook twitter and instagram and subscribe to the daily show on Youtube exclusive content. And more this has been a comedy central podcast.

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