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A highlight from A Primer on Mortgage-Backed Securities
"Welcome to Wealthy Behavior, talking money and wealth with Heritage Financial, the podcast that digs into the topics, strategies and behaviors that help busy and successful people build and protect their personal wealth. I'm your host, Sammy Azuz, the president and CEO of Heritage Financial, a Boston based wealth management firm working with high net worth families across the country for longer than 25 years. Now let's talk about the wealthy behaviors that are key to a rich life. On this episode of the Wealthy Behavior podcast, we have a special guest, Ken Shinoda, portfolio manager at Double Line Capital, where he manages and co -manages several fixed income strategies, as well as overseeing the team investing in non -agency backed mortgage securities. I can think of a few people who would be better to speak with at a moment in time like this for the market, just given the sharp moves we've had in interest rates, which have impacted bonds and stocks and mortgage rates being higher than we've seen in a long time. And be sure to stick to the end as I digest this conversation with our chief investment officer, Bob Weiss, and share his key takeaways as well. I'm excited for this conversation, so welcome to Wealthy Behavior, Ken. Thanks for having me. Appreciate it. Absolutely. Could you provide our listeners maybe with a brief overview of Double Line and your role with the firm? Absolutely. Double Line is a Los Angeles based asset manager. We predominantly manage fixed income, but we also have some passive smart beta equity strategies that have done quite well. We have a commodity strategy, but I would say about 90 % of our assets are fixed income based with a heavy tilt towards securitized products, which are things like mortgage backed securities, asset backed securities, collateralized loan obligations. We have about 95 billion under management. And what is your role specifically with the firm? I know I mentioned the bio, but how would you explain that to listeners? Yeah, I am a portfolio manager across a variety of our products, especially those that are more focused on mortgage backed securities. I also have the structured products committee, which oversees the asset allocation process on our securitized focused strategies. How did you get started on this career path? How did you get to this point? I wanted to get into something real estate related coming out of school. I had a couple of interviews. I actually was interning at Trust Company West TCW, which where many of the Double Line employees came from and just happened to stumble onto this role. I never didn't come out of school thinking, hey, I want to trade mortgage backed securities. It wasn't really something that was pushed on the West Coast. I think East Coast schools are more investment banking trading focused. So, luck happens. Pretty big asset management community out in the West Coast with a pretty big presence, especially in Southern California with PIMCO, WAMCO, Capital Group out here. So there's actually a pretty big fixed income focus, at least in the Southern California area. Great. And we've talked a couple of times already about mortgage backed securities. How would you explain those to listeners or maybe people who've read the big short and have some misconceptions about what they are and how risky they could be? If you go back a long, long, long time ago before we created the government sponsored entities, Fannie, Freddie and Jeannie Mae mortgages, if you went to a bank to get a mortgage, it was always going to be floating rate, a digestible rate mortgage because the banks didn't want to take on such a long duration risk. And what happened was Fannie and Freddie and Jeannie Mae were put into place to try to get the cost of debt down for Americans to buy homes and a goal to increase home ownership or help more people get into homes. And they introduced the 30 year fixed rate mortgage and then they would package up those mortgages eventually and create bonds backed by these mortgages. So you can basically buy a bond that's government guaranteed, that's whose cash flows come from these mortgage backed securities. And so instead of taking on credit risk, what you're really taking on is prepayment risk. If rates go down, borrowers have the ability to refinance without any cost really. And if rates go higher, then the refinancing activity slows down. So you have this kind of like uncertainty of how long your investment is. Is it a one year bond or is it a 10 year bond? It all depends on the prepayments through time. So instead of sitting around and worrying about credit risk and default risk, you're really sitting around and worrying about the direction of rates and what that means for refinancing activity. And so the direction of rates is a great place to go. You've been doing this for a while. How would you characterize the investment environment, the interest rate environment that we're in right now? Well, it's been the worst interest rate environment that I've seen from a sharp movement and rates higher. I mean, we've been in a bond bear market now for three years, the 10 year yield on a closing basis. The low was in August of 2020. Intraday, we were a little bit lower in March during kind of the fiasco when the shutdown started. And we've reached new highs in August across the curve really. So it's been a really tough market. Part of it's been driven by the Fed with their reaction to high inflation. And we've seen a pretty dramatic increase in short term rates and the long end has fallen. And we have a little rally as there was hopes and glimmers of a soft landing and data rolling over. But what we have now is the soft landing narrative is still there, but the data's coming in better than expected. So I think a couple of prints, the GDP print came in strong, you had services coming strong, you had some jobs that are still coming in strong. And so the whole curve has kind of shifted back up with the market now thinking the Fed may still have more to do. And if they don't have more than one hike, they're at least going to keep rates higher for longer. And if the economy is strong, then why should long term rates be so low? Maybe they should normalize up towards, let's say, four and a half, five percent on the 10 year. So that's kind of what's happened, I think over the last 30 days is the narrative has shifted from kind of this expectations of growth rolling over to, you know, perhaps growth is better than expected. And now the market's just waiting and watching for more data to come in to guide them. So you're not to put words in your mouth, but maybe you're more in the camp then that the higher rates that we've been seeing is a good sign for the economy versus a bad sign for the economy? I think in the near term, it's a good sign. It means that the data is coming in positively. The data is backwards looking, though. So I think inevitably the lags will kick in and higher rates will start hurting certain pockets of the market. You know, the what's happened is so many high quality companies locked in such low cost of debt and so many Americans locked in such low cost of mortgage rates. Right. Three, three and a half percent, you know, maybe a year or two years ago that it's just taking long for the transmission mechanism of higher rates to come to the economy. We just have way more fixed debt than than we used to. Europe is a place where the transmission mechanism is perhaps working faster because more of their lending to companies is floating rate at banks. So the places where we're going to see the pain and we're already seeing pain now are pockets that are more floating rate. So commercial real estate is a good example. A lot of floating rate debt there. You're talking about people that borrowed it like, two percent, three years ago, and now they got to roll their debt at like seven percent. Right. It's going to create issues. Bank loans, bank loans float and the cost of debt is effectively double. The average spread on the bank loan index going back 10 years is about 500. And short term rates are now 500 basis points. So these companies went from borrowing at five percent to now having to pay 10 percent. It doesn't happen overnight. It takes time. Those are those lags that everyone talks about. And I think that they'll still come through eventually. And it's probably going to happen sometime in the fourth quarter or first quarter next year. So right now, the move higher in rates, I think it's in reaction to the positive economic data that we're seeing. But I still think it's an attractive entry point. If you haven't owned long treasuries or assets that have interest rate risk, it's been a good thing for you. So congratulations. But now it's probably one of the cheapest parts of the market. I mean, you want to buy assets when people are pricing in all the bad things. There's not much downside left. When I think about treasuries, that's kind of how it feels right now. Like everything bad that could happen is happening or has happened. Right. The Fed is hiking. Inflation was high. Foreign buying is very low. Economic data surprisingly upside. So it's kind of like all the bad news seems to be in. Last week was interesting because you had that services PMI come in stronger than expected. It will jump up. I think it went from like 52 to 54 or something. If it's north of 50, it's expansionary. And the economy in the US is very service oriented. And off that news, the bond market didn't really move much. It's already kind of at these high levels. I think you would have expected another move higher in rates on that news, but it kind of just settled in. So the big headwind right now is the supply. There's just a ton of treasury supply coming. But if you get any data surprise to the downside come kind of Q4 or maybe Q1 of 2024, I think that could ignite a pretty strong rally in rates. So the thing to worry about is really, does growth stay stronger than expected? We grow our way out of this, right? Yeah, absolutely. So would you agree that the Fed is much more influential in determining short term rates and the market is much more influential in determining like 10 year yields? Yeah, I agree with that. I think that's accurate. So maybe back it up and help our listeners understand what makes the 10 year yield move in either direction? What does it mean when it's moving up or when it's moving down? Yeah, I mean, there's different ways to models that have come out from different participants to like estimate what the fair value for the 10 year should be. One of them is what is the neutral rate of interest that's neither accommodative or restrictive? The R star. And that's, I think, the first layer. So let's just throw a number out and say that's like 2%, right? Then sometimes people say, well, then you need to layer in what long run inflation will be over that 10 year horizon. So let's call that, that's another 2 % or so core CPI gets back down to that level. And then some term premium, maybe that's 50 basis points. So that would get you to like a 4 .5 % 10 year treasury yield. You're getting the neutral rate plus some premium for inflation over 10 years plus some term premium. And you could argue over the term premium, maybe it's supposed to be 50, maybe it's supposed to be a hundred. If you think it's going to be a hundred, then you should think 10 years going to 5%. Now on the flip side, there's buying from pensions and there's buying from money managers and other institutions that kind of can drive the fair value below that four and a half number we just came up with, things like QE, right? That's why we got to such low levels is that the buying outside of those that are just looking at that fair value coming in, maybe it's lack of supply, maybe it's foreign buying and so on and so forth. So part of it's driven by kind of expectations of inflation through time. And then part of it's just driven by the supply and demand of bonds that are out there. And that can be, things like QE can affect that, right? So that first 2 % that you called, I was picturing in my head is almost like the neutral rate. What determines that? What would cause that to be higher or lower? Or is that just fairly static across time in that assumption or that model? That's the big debate upon the context right now is, are we in a new world of higher inflation where the neutral rate would need to be higher? Whereas if you go back to like the last 20 years pre -COVID, let's call it when we were in this like world of secular stagnation, where there was arguments that maybe that neutral rates is much lower since we're living in a world of lower growth, lower inflation, so on and so forth. So depending on how things shake out and what the future looks like, maybe that neutral rates higher. What are some things that could make inflation and growth stay higher? There's like the three D's I call it. It's like demographics, right? We've had a smaller workforce every year going back the last 10 years because the baby boomers are retiring. We also stopped immigration pretty aggressively too. So demographics are part of it. You got defense spending, right? Governments are definitely spending more on defense and that could be inflationary, expansionary. We've got spending on decarbonization, right? There's going to be trillions of dollars spent on decarbonization. There's infrastructure spending that needs to happen in the US. There's all these sources of potential growth that are coming that in theory could keep growth higher, inflation higher. And this is not a bad thing for the economy, but it just means that rates will probably have to be higher. And so I guess the real truth will be shown is after we kind of get through the next 12 to 24 months, soft landing, no landing, hard landing, whatever, what comes next? And are these long -term forces that are potentially pushing through into the economy going to keep growth and inflation higher in the future? Got it. So pivoting to mortgage backed securities, what are you seeing in the mortgage backed securities market now? Yeah, mortgages look the most interesting they have in almost 10 years. If you look at the spread on current coupon mortgage backed securities, which are the bonds that are being manufactured today by the loans being made today. So these are like seven and a half coupon loans get packaged into six and a half coupon bonds. The spread on them somewhere call between it like 165 to 175 and relative to corporate spreads, which are almost a hundred or a hundred ish, maybe a little bit wide of that.
Fresh update on "southern california" discussed on Game of Crimes
"So without having done that, customs, you know, DEA ended up with everything domestically and internationally, but because the border wasn't defined, customs would stretch it down to, say, Columbia to bring back cocaine to the border. And then once they got it on the border, they would stretch it to the Midwest to deliver it to some guy and knock him off. So they were, you know, and so the bickering never ended. But anyway- Yeah, but DEA was created. By that time, I have to say, I was a GS-11 agent and GS-12 was the journeyman level. And I went to language school, I was an 11, and my supervisor, a guy named John Wilder, tremendous fella, you know, he had to say as to whether I was gonna be promoted or not. And I figured, well, that's not gonna happen because he's gonna give that to somebody who's working for him. You know, I'm leaving, I'm gone. Well, he promoted me and that got me to Bangkok as a journeyman and I happened to end up being one of the senior agents in Bangkok when they came out with a senior position, GS-13 level, so I got that. So here I am, you know, with barely, you know, five, six years on the job and I'm a GS-13 senior agent. So that all worked out very well for me. Now you're up to like $7,500 a year, right? Woo-hoo, we're rolling in the dough. Yeah, exactly. Charles, you mentioned a while ago the Golden Triangle. Can you tell our listeners what countries comprise that? Well, it's Northern Thailand, Northern Laos, and basically the Shan state of Burma, which is now Myanmar. Myanmar, yeah. And they, at that time, were producing the majority of the opium popping world from which the opium is extracted and then chemically transformed into morphine and heroin. Yeah, where'd you go to through language school at? Where'd they send you to? At the Foreign Institute of State Department in- And in Rosslyn? Rosslyn, Virginia, yes. Yeah, woo-hoo, woo-hoo, yeah. A lot of good stuff goes through there. Yeah, it was a good school. Yeah. When I went through Spanish school there, the guys that were learning to speak Thai, I remember, you remember Joe Reagan? I don't know if you remember him or not on the job. I don't. He was going through the Thai language school and we were probably, Spanish was six months, I think his was nine months, and we were probably at month three or four. And he got excited one day because we're going on the train heading back to our apartments. And he's like, hey, I can finally say my name. Well, it's true. You know, Thai was very difficult for a lot of us. And the problem is that, first of all, there's no connection to any romantic language with English or Spanish or whatever. And it's a tonal language, which is something that you just, you grow up hearing, you know, the young Thai hears the tones and understands it. For example, the word ma, depending on the tone, means either come doctor or horse. It's very much like Vietnamese. We had a big Vietnamese community when I was a trooper because of the beef plants and other stuff. And it was like one of the folks, one of the folks who worked with had basically fluent in Vietnamese, but it took him years. But to your point, yeah, one word, depending on the diphthong, the voice inflection could mean five, 10 different things. All I remembered how to say was banglai, and that was driver's license. That was one phrase I figured out. So, but man, that's gotta be tough. Like I said, it's not like, you know, like you say, if you knew Spanish, you could pick up some Italian, you know, or things like that, you know, vice versa. But that is so tough. So when you got out, how, you know, you go to Bangkok. How has it taken the family over there? Your, you know, new father got kids, you know, heading over there. What's it like to go to your first foreign country? Well, we went over there and my wife, we look back on it now, we say, how in the world could we have taken our, the first grandchild of either of our parents away from them, halfway around the world to a place they probably never had heard of before, so it was difficult for my wife, but she never complained. And all I, I have to say, I was just looking at my career, my future, you know, my ambitions. So I was oblivious to it and our nine month old daughter, of course, she was just happy to get all the attention. So anyway, we get over to Bangkok, and we're put on a beautiful luxury hotel suite. And in fact, our daughter took her first steps in the hallway at that hotel, but the first morning, okay, now this is after nine months of Thai language training. And about what year is this? This would have been 1970, January of 74. And the Vietnam War is still going on for like another year. Well, it is, but our combat troops have been pulled out by then. So anyway, I had to get to the American embassy and I didn't wanna take a embassy limo because it was expensive. So I figured, well, I'll just go out on the street and fly down a taxi. So I go out and first taxi comes along, I wave them down, rolls down a window, and I said in my best Thai, how much money to the American embassy? Thay Satang Thud, America, Thao Rai, cop. He looks at me, he goes, no speak English. Rolls up the window and drives off. And I thought nine months of my life for nothing. I ended up walking to the embassy. So anyway, obviously he was not expecting a Westerner to be speaking Thai. And obviously my Thai was not perfect. You might've been asking for a writer, asking him for to stab you in the nose with the plastic fork. Hell, you don't know. How much, I wanna buy your daughter. How much is she? Not for sale. Hey, so tell us, what was it like? I mean, you were not that far, you were far away, but not that far away. You'd been over in Vietnam. Now you're kind of returning kind of in the same area. What was it like working cases there now in Thailand? What was your work like? Well, it was incredible. I mean, you couldn't, I mean, you could go to any cab driver in Bangkok and have them take you somewhere to buy a kilo of heroin. The heroin was selling for about 5,000 a kilo. It was, we were just falling over cases. But in fact, the first case I worked on, my senior partner that I was assigned to is a guy named Bud Shoaff. And Bud had a case going at a hotel in Bangkok. He had an informant who, there was a German lady and a fellow from Washington State, Seattle, who were there to pick up heroin from Bud's informant. So they were in a hotel room in Bangkok. I went in and kind of ran the command center in another room in the hotel. But it kind of turned everything I had learned in Philadelphia and in basic training on its head, because we were always taught, you go for the source of supply. You work your way up. You buy some dope from a dealer. You try and flip him to get him to introduce you to his source. And flip that source to get up the next rung in the ladder. Well, in Bangkok, the whole idea wasn't to go after the source, because they were everywhere. The idea was to work it downstream. For example, these two people are there to buy heroin. Well, we wanted to find out who they were delivering it to in the States. So it kind of reversed the process. Tell us about a big, so was it that the Thai government, how much of an interest did they have in stopping this, or working on this? Because look, there's some challenges even today when you think about, now they've come a long ways when we talk about things like sex tourism and a lot of things that were going on in Bangkok and some of the other things. How invested were they in stopping this? The government itself was not. There was corruption. In fact, it's systemic in Thailand in those days, because it actually went back to the days, hundreds of years before, where kings would send their representatives out into the provinces, and the people who they governed were expected to care for them. Well, who could do that? Well, the merchants basically. And so they got all the services. Well, by 1973, the most wealthy merchants were the drug dealers. So they got all the services, and the government was totally corrupted, except to say that there were a few very honest cops. And that was kind of our challenge, to find honest cops that we could work with. And we did. How did you vet them? You know, we didn't. It was just the experience of working with them over time. And let me tell you how that evolved, okay? As I said, the greatest challenge to me was finding honest cops to work with. I went back to Thailand. I'm getting way ahead of the story, but I went back to Thailand in charge of all of our Southeast Asian operations 20 years later. And I was amazed, because one of the first things I did was go to a conference in Japan with other law enforcement agencies from around the region. And I'm sitting in a room, and the Japanese, the South Koreans, the Malays, every time a question would come up, they would turn to the Thai and say, what would you do? What should we do? And I thought, this is truly amazing. And an example of what can happen with, in this case, DEA working hand in glove with these officers throughout their career, we were able to change the whole environment there to one of corruption to respect by other nations. It's amazing. I know one country that wasn't at your conference, North Korea. Well, that's true. Or China. Or China, yeah. Well, so we'll get into that, but that kind of begs the question, knowing you have been to many different places, let's not get too far ahead, but let's talk about, just real quickly, kind of bookend it. How many different countries did you work in during your time with DEA? Well, I lived in two overseas, but I worked in, I think one time I counted them all up, probably 52 countries that I actually worked in. And that's because when you're stationed in one location, especially if you're the boss, you're responsible for multiple countries within that region. And it requires you to go there. You have to establish relationships with the head of the law enforcement agencies for the whole country. I mean, these are some very, very high level meetings that you were expected to initiate and cultivate. Well, I lived in Thailand twice, a total of almost eight years. I was in the Middle East, and Joy, unbelievably, had our two young daughters by then with her, and I had acquired a regional responsibility. I had almost every country in the Middle East. And of course, in those days, Beirut was the center. I mean, not only was there a war going on, but they were the principal supplier of hashish and of heroin produced in the Middle East. So I spend most of my time in Beirut and these other countries, and my wife spent her time in Cairo raising our two daughters. Yeah, we're gonna give some special recognition to Joy at the end of this interview, because she put up with, well, all of our wives put up a lot of crap. Yeah, true. It allows us to do our jobs. So what year were you over there in Egypt? When would you have been? Because I'm thinking about, were you there during the time? I think it was 83 when they had the Marine barracks bombing. I was there, well, okay, you're talking about Beirut. Yeah, I mean, I know it's stationed when you were in the Middle East, but when Beirut was under your area of responsibility, were you there during the barracks bombing? I was not. I was there in the Middle East from 79 to 81. Oh, a couple of years before had, okay. But shortly after I got to Egypt is when the Iranians took our Americans hostage in Tehran. And the Ayatollah was calling for all of the Muslims to rise up and slay the Americans. So this was not a great time to be living as an American in a Middle Eastern country. Although I learned later that, and we didn't know much about Islam, so we didn't know that, for example, the Egyptians are Sunni, I guess, and they do everything in Shia and they don't agree on anything. So the fact that the Ayatollah is calling for Americans to be slaves is not something that resonated with the Egyptians. We didn't know that at the time, it was very tense. Did you have any issues with your personal security during that time over there because of that? Well, one funny incident, wasn't funny at the time, but of course in our house, we lived in a community called Madi, which is a suburb of Cairo. And we had guards, locals, on our house. They weren't armed, but they were just there to, I guess, holler if something happened. But in any event, one night- Holler, here comes 20 people with AK-47s, you're all gonna die, bye. Run! Well, one night, we're awakened by scuffling just outside of our bedroom window. And I get up and I pulled a curtain, and here there's three or four men carrying our boab, our guard, down the street and around the corner. And I thought, oh my God, they're coming back for us next. So I call the Embassy Marine Security Guard. Post A. Everybody's always post one, aren't they? Yeah, and I said, hey, they just carried my guard off. You gotta send somebody out here, you know? So it took quite a while. Finally, one of the regional security officer's men showed up at the door and he apologized for taking so long, but he said, I wanted to find out what was going on. And he told me, so he left and I sat my wife down. We had barricaded the house, we had, you know. Hey, were you allowed to carry weapons? Were you wanted? Oh yeah, I had my pistol with me, yeah. And so I sent my wife down and I said, you're not gonna believe this, but our guard, he welsh on a bet. So they were carrying him off to tune him up to get their money back. And did he come back to work? I know what happened, because I wrote the book. Yeah, he did. He came back, but it's too embarrassed to say anything about it. You mentioned that, Murph, we forgot to start off. You forgot to do your proper intro. Tell everybody about the book. That's right. So there's a book out called Unpopular Causes, A Career and Service to America by Charles Harry Lutz, and that's our guest today. I've read through the book, it's exciting. It shows you a patriot who dedicated his entire professional life to serving his fellow man here in the United States, doing his best to protect our country, not only in the military, but then in DEA. And it didn't stop there, but I don't wanna get too far ahead of the story because we won't talk about your careers, plural, after DEA. Yeah, we'll get into that. So while you were there in Cairo, did you go out and take advantage of the local sites? Did you go out and visit the pyramids, go visit the place where Giza cotton is made at the mouth of the Nile, any of that good stuff? Yeah, we did, took advantage of it. We didn't, you know, go on an African safari because we honestly couldn't afford it. But around Egypt, we went to, I forget the name of the place where they, from World War II, they have a German and a British cemetery. Is that over in Tunisia or? No, no, no, in Egypt. No, in Egypt, okay. Yeah, and I took my family to Cyprus for a vacation. And so, you know, it wasn't all work. Most of it was work, but not all of it. So in Egypt, what was your focus there? Well, that's how I ended up with a regional responsibility. When I applied for the job, in fact, we'd only been back from Bangkok one year. I was in international training, I'm sorry, domestic training at the time. And I, well, I should go back and tell you that in Bangkok, I was very fortunate. I had a couple of occasions that got recognition, attorney general's award, presidential citation, that sort of thing. So the administrator, Peter Bensinger, knew who I was. And I saw this advertisement, and I just missed out in Bangkok in getting promoted to a supervisory position. And so I saw this ad for the agent in charge in Cairo, and I didn't realize at the time that the agent there had been basically restricted to Egypt. The ambassador didn't want him there, didn't want a DEA office. And convinced, I mean, as I put it in my book, Bensinger diplomatically shoved the DEA office down the ambassador's throat. And the ambassador, his one demand was that if there's not enough for him to do in Egypt, then he didn't belong there. So they agreed he would just stay there. Well, I got there, and there was nothing to do. Egypt is a drug-consuming country. Methamphetamine was a problem that had been introduced by the British to the workers of the Aswan Dam, so that was a huge problem. And they also produced some opium, but it was all consumed domestically. The big drug of abuse was hashish, and that all came from Lebanon and was consumed, of course, in Egypt. So there's really nothing to do other than some hash cases of boats bringing in, or camels bringing in hashish. And I didn't want to spend two years of my life doing that. I can just, I just made a bust today. We took a camel down with four kilos of hash on it. Yeah, so I mean, being overseas to me meant protecting our own country. We were working with these nations, law enforcement authorities, helping them to help us. And of course, that was just simply not the case in Egypt. So I got an opportunity early on to go to a conference in Paris, and I convinced my boss there to give me some responsibility. When Beirut fell, they closed the Beirut office because an agent had been kidnapped. Under the presumption, he was a CIA case officer. They finally released him, but DEA thought it was just simply too dangerous to maintain DEA agents there. And they were not, obviously, it was in the middle of a war, so they weren't accomplishing much. And so they closed the office. Well, when they did, they gave all to the Middle East to Turkey. Well, Terry Dunn was the attache there. Turkey was a huge source of opium. And I convinced the bosses there. I said, this is crazy to have Turkey responsible for all these other countries. They got enough to do in Turkey. So they said, well, you can't leave Cairo. And I said, well, we have a new ambassador. Let me give it a try. He may not know anything about it. So they said, okay. So they gave me, I'm here, I'm a one-man office, right? The only one in DEA at the time. They gave me not only Lebanon, Cyprus, Jordan, Saudi Arabia, and all of East Africa. I mean, I'm one guy. Be careful what you ask for. Yeah, exactly. But it actually, it worked out fine. I was able to lay the groundwork for an eventual office in Nicosia. And as I said before, I spent most of my time in Beirut. I did get one trip into Africa to the Sudan. Well, I'll tell you, you were speaking of that too. That reminded me too. I had to look up, just check the dates, but Beirut was a bad place. You talked about, they thought he was a case officer. They actually ended up kidnapping the chief of station in Beirut in 1984, William F. Buckley. He was in captivity for 14 months and died in captivity in 1980. It was a dangerous, I mean, that was, like you say, that was one dangerous place. Well, the ambassador there gave me an office within the embassy. And I guess it was within a year of my leaving Cairo, transferring back to the States, that the embassy was blown up and it was actually on that side of the building where my office was. But I remember when I used to go over there, the regional security officer would loan me a pistol. But he said, if you're walking down the street and somebody bumps into you, say, excuse me, and keep walking because I'll guarantee you, they're better armed than you are with your little .38 pistol. I gotta tell you, one of the funniest things I saw, and it speaks to, well, funny in a different way, but everybody's got their own sense of humor based on where they are culturally. And there was shit being blown up, still stuff happening in Egypt. But one of the prank shows they did, they showed this guy, it was in Cairo. He's there and there's people there. He walks up with a briefcase and sets it down and looks at him and starts running away, basically saying it's a bomb and watching everybody react to it. I'm going, good Lord, you guys think that's funny over there? And for some reason, they thought that was hilarious to make people believe there was a bomb in a suitcase. And it was like candid camera, except candid boom, you know? That's not smart. Well, if I may, we kind of skipped over Thailand in terms of the cases over there. I don't know. No, no, let's talk about that. Well, backside out or not? Yeah, yeah, let's, when you talked, I mean, you kind of sandbagged us there. You said, well, I got the presidential citation and the AG. Let's talk about that case then. Well. What the heck was that? I hit the wrong, I don't know, I hit something on my keyboard and it was like, oh, there we go, I'll have to edit that out. Ba-dum-bum, thank you very much. I'll be here all week. Try the wheel. Well, I actually, as I said before, there are so many cases, it's just hard to pick out a few, but there were two in particular. One, I finally was able to work on the cover successfully on a heroin case. And it was actually early on in my tour duty there when I was introduced to an informant who was able to introduce me on the undercover to the fellow who, according to DEA, documents had actually been the first person to ever create Asian heroin, white Asian heroin, China white, and a guy named Shukrisa Kripuram. And I was actually, I worked undercover with Mattie Marr, who you may know, and we ended up, well, we seized 25 kilograms of heroin. Actually, it wasn't China white, it was the smoking heroin, but 25 pounds of it was a lot of heroin, needless to say. And we arrested Shukri and also his partner in crime, a guy named Hoi Se Wan who had put a threat out on agents who had seized, I think, 90 some kilograms of his heroin in Southern California. So that was quite a case. We were very fortunate in that there was a heroin conference going on with some people from the White House and Mattie and I were asked to go and brief them on this case that had just been taken down. And so they went back and wrote letters to Mattie and I, signed by Gerald Ford. So I was able to prove to my Philadelphia colleagues that I had finally made a heroin case.Hey, real quickly, you mentioned something interesting. You said he was the first guy to come up to turn this China white. Was he a chemist or was he more of a businessman that knew how to get the chemists to do this stuff? He was a chemist by training. He owned a company that was called Anna Labs that actually would test commodities for its purity and so forth, a shipload of molasses. They would go and they would test it to make sure that what was in the cargo hold was molasses, was pure and what it weighed and so forth before someone would buy it. But he was a chemist and he looked more like a pharmacist to me than a heroin dealer, but he was big time. And speaking of corruption, a couple of months after he was arrested, they let him go. He fled and we never found him. Hoi Se Wan was actually a Malaysian. He didn't have any connections here in Thailand. So he probably died in prison, but Suu Kree got away. Of course, we never heard from him again. So maybe he never went back into the heroin business. I don't know. Did you ever get any chatter that he was still alive? You know, anywhere? Well, we looked for him. I had information he was actually a fled to Rania Partet, which is a town on the Cambodian border in Thailand. And so I actually wanted investigative assistance. And I went up there and spent a couple of days at a picture of Suu Kree and checked out all the bars and massage parlors and whatever, see if we could find them. And we never did. Hey players, that is the end of part one. Part two comes out as always on Tuesday. In the meantime, go check us out at Game of Crimes on Twitter, at Game of Crimes podcast on Facebook and the Instagram. Also go check out our website, gameofcrimespodcast.com. We've got a lot more information there, including our book list. Any book written by our guests will be listed there. In the meantime, go check us out also, patreon.com slash Game of Crimes. It's where we put a lot more content you won't hear on our regular podcast. We go into a lot more topics and folks, it is a lot of fun. So go check us out, patreon.com slash Game of Crimes. In the meantime, everybody stay safe. We'll see you tomorrow for part two.
A highlight from 116: Part 1: Eric McBride and the December 2015 San Bernardino Terrorist Attack
"Ola, ola, ola, amigos, amigos, players, playerettes, dudettes, everybody in between, welcome back. This is the follow -on episode to last week with Rick Prado on the 22nd anniversary of 9 -11. We had a theme going here, we wanted to follow through on this next theme, and we'll tell you about that here in just a second, but first of all, welcome. As always, I'm here. I'm Morgan. I'm here literally with my partner in crime, and we're going to do what we did last time. I know some of you guys like small town police water, but we just couldn't bring ourselves to do that when we're talking about something as serious as when we talked about 9 -11. And then this month we're talking with Eric McBride. He retired as the chief of police in San Bernardino City. If you guys remember, Alex Collins we had on was a deputy with San Bernardino County. His partner was killed, Jamie McBride. He was wounded by a piece of shit. We don't even want to mention his name. But we're getting into now the December 2015 terrorist attack at the city of San Bernardino. Fourteen people killed, I think twenty -seven wounded, and it just didn't seem right to follow on. You know, we wanted to have a couple serious discussions, so that's kind of what it was. So before we get started though, just a couple quick things. Head on over to Apple, Spotify, hit those five stars. Let us know what you thought of last week's episode. Let us know what you think of this week's episode. And don't worry folks, next week we'll get back into small town police water. Also head on over to our website, gameofcrimespodcast .com, our book from our prior guest, Rick Prado. You'll see that up there, Black Ops, The Life of a CIA Shadow Warrior. Great reading. You just got to get it. We've got everything you need there. Follow us on social media at Game of Crimes on Twitter, at Game of Crimes podcast on Facebook and the Instagram. But follow us on Patreon too, patreon .com slash gameofcrimes. We just recorded some great episodes. You can't make this shit up. We've got 9 -1 -1, Case of the Month. One rule we made is Murph never gets to pick a movie again. He has to submit it for review before we review it. I promise to do better in the future. Well, because you're on the hook for next month. All right. But guys, we have a lot of good stuff over there. Everything about, you know, we get into funny stuff, we get into serious stuff. Our Case of the Month has been recommended by you, the listeners out there. So head on over there, patreon .com slash gameofcrimes. Now this is a show about crime. We normally are fun and jovial because this is a show about crime. We talk about bad people doing bad things and bad people doing bad things to good people. We take the story seriously and that's how we're going to do it. This is not about us having fun and joking at the expense of a serious incident like this. So our next guest, Aaron McBride, like we said, retired as the chief of police, worked his way up from patrol officer, but started off as a Marine, formerly on active duty. He's got some good stories there, but he comes to us through another long list of people, a family of service, the McBrides out in California. He does. You know, our good buddy out in San Diego, Mel Sosa, made an introduction for us, got us to Eric. But the McBride family is well known in the law enforcement circles out there as brother Jamie, his niece Tony, and then Jamie's other daughter are all police officers out there that have experienced violence that, you know what, most cops in the United States don't have to experience. I'm not sure what's going on with the McBride family here, but you know what, they don't shy away from it and they don't run away. They address the issues as they come to them, and they're protecting their communities. Eric here was just the fact that, I mean, he's a trendsetter. You're going to hear him talk about his high school career, getting out of high school early so he could join the Marine Corps early. And his whole life is service to his community and his fellow man. And you know, in my book, there's no greater calling that you're willing to dedicate your life to work for the public. A public servant, I think, is a term of a hero. And that's certainly who we have on here today. And I'll tell you, again, we've got to thank our buddies out there, Southern California Gang Conference, Mel Sosa, all of those people. They're brothers to us. They get us great gifts, great gifts, great guests, which are gifts for things like this. And I'll tell you, you've really got to sit down and listen to this because one of the things that's going to come out of this is stuff that has not really been talked about in the media before, and you'll hear him talk about a call that was received. He's been briefing this to law enforcement. On the day of, he was the, quote, deputy incident commander, but he was the incident commander for all intents and purposes. And so he's not the one at the tip of the spear out there, but this guy has the overview of everything going on. You're going to hear things that went well. You're going to hear about things that didn't go so well. But we will never get to hearing any of this, Murph, unless I ask you, are you ready to play the biggest, baddest? And as we see in this episode, too, the most dangerous game of all, the game of crime. Absolutely. So everybody get in, sit down, shut up, hold on. You're getting ready to hear a story about an incident that I wasn't even aware of, a terrorist attack in San Bernardino, California. So Eric, tell us what's going on, brother.
Fresh update on "southern california" discussed on BTV Simulcast
"To we do see the eu particularly significant that we have such a senior official from Brussels being quite outspoken about unfairness in those dynamics now and they're going to navigate what the u s wants as well because there's a lot of pressure on Brussels coming from Washington yeah it's an interesting element you know between when we think about how the eu has sort of figured it has often been seen as trying to strike a middle path between china and the u s interesting now to note that while we see more of these conversations between the u s and china going on this working group for example they seem to be striking a little bit more of a balance and now and it is the eu that we are seeing that is somewhat more vociferous somewhat more explicit in its criticisms it's partly though a legacy of the two different approaches that the u s and eu have taken towards these issues over what is perceived to be this unfair support that certain industries the u .s for example already has very high tariffs on imported from china whereas the eu hasn't offered those same kinds of restrictions there's a much more more market open compared to the u .s so part of this is also the catch -up that some whose officials now see is necessary when they come to addressing these sort of issues of competitiveness between the eu and china worth also saying the eu says that to some extent the bronx is point out is this country agnostic this is really about creating a fair playing field among countries so that's another sort of line of argument that we're seeing the eu taking rebecca thank you very much to you rebecca june wilkins our age of government and a politics correspondent and it does come against its backdrop as we get the u .s the china are reviewing well u .s. is reviewing some uh... types of more than three hundred billion dollars worth of goods chinese and trying to review that by year's end okay let's uh... take a look at uh... striking hollywood writers they may not be on strike for very much longer as they reach a tentative new labor agreement with studios including walt disney global netflix business editors karen leach joins us and uh... okay karen this is early days yet in this resolution and uh... as i said it's you know this is a huge deal for hollywood it's really news that they've been waiting for since the writers guild of america went on strike in may and for weeks we've seen these images of writers in front of hollywood videos waving signs we've also seen the screen actors guild go on strike and it's really brought hollywood to a halt and what they've been waiting for the deal between the two sides the w g a taking the first step of those bodies and it said it has reached a tentative agreement with the studios now this isn't a done deal a this three is -year tentative agreement but the guild's saying that it will provide protections and gains for its thousands of members and if it is ratified by the guild it will bring an end to the first hollywood writer strike since 2007 and you know rich it's really hard to exaggerate how much this strike has meant to the city of los angeles to the industry i'm in addition to hollywood not being able to put its usual number of news shows and movies out the city of la itself really depends on hollywood all kinds of industries from makeup artists to restaurants and they've taken a hit into the billions so this is going to reverberate across southern california people will really be welcoming this and hoping to see it ratified as quickly as possible carry i mean it goes beyond just pay doesn't it here you know it's it's also about the industry's future and who can blame them when they can and many people say that they didn't need these guys they are in the future yeah i mean this is a really interesting time for the industry it's no coincidence that this is when you're seeing this level of strike from both actors and writers and what the writers have been concerned about is things like residuals that have completely changed when the streaming services like netflix came in and really changed the way hollywood operates and how people like writers are paid at the same time that the studios they are profiting while they aren't and at the same time you have the rise of ai and writers are concerned that ai i could take the jobs that would go to writers they want to make sure that there are protections in place to ensure not just that their pay but that their jobs continue on now i want to to move a completely different industry and have a look at what's going on with uh... at the united auto workers and uh... you know these strikes taking place with uh... general motors and cilantro is facing a walk i think it's the last time i looked it was about thirty -eight, thirty -nine more facilities you know this by the way is the what union president shawn fain said in a facebook live stream briefing which the weekend weekend and will go all out if our national leadership decides companies the are willing to move. Stellanus and GM in particular are going to need some serious pushing. All of the parts distribution distribution facilities at general motors and stellantis are being called to stand up and strike we will be striking thirty eight locations across twenty states across all nine regions of the UAW. So, Karen, since he made those remarks has there been any movement between the two sides? you know they're going to expand the actions against GM and Stellantis but they are sparing forward having said that they received some concessions from side that and what we've seen over the weekend is people anticipating the visit of President Biden to Michigan on Thursday and it will be followed a day later by a visit from Donald Trump and of course we're going into the twenty twenty four election cycle. Biden really wants the support of the UAW because this is all happening in key labor markets in the Midwest it's also happening in battleground states that he's going to need if he wants to win in twenty twenty four and his Transportation Secretary Pete Buttigieg saying over the weekend that they want both sides to strike a win -win at the same time the administration has been pro -labor but it has stopped from completely throwing itself behind the forty percent pay increase request by the UAW so a lot of this is playing out really at a crucial time for America and this against background of presidential politics it's going to be it's going to keep being probably the swatch strike for some time and we're going to watch this piece. Thanks a lot for that Karen Lee there our global business editor out of Sydney we're going to now look ahead to what is likely to be the biggest thing on many market participants minds and it is all about interest rates with that Fed official Expecting one more hike for the year the central bank wrapping with inflation still are calm capital shows their investment strategy later this hour but up next here why near vision wealth management is staying away from US equities particularly tech stocks this has been me and and Thank you're I'll if the kind of person who gets nervous when no there's news what's the administration's message to you progressive members of the house then consider this your relaxation zone we're all looking to travel reopening the latest business in financial news doesn't necessarily help your investments why did it have the opposite effect for those who really really need it that's how we knew that things were
A highlight from S17E3: Where Are All The Dateable People? w/ Evan Marc Katz
"This episode is brought to you by Drizzly. Tonight seems like a great night as any to wind down with some wine after a long day. But what if you're already in your comfy clothes? Deep in the couch with your hand glued to your remote? Nobody in that position wants to get up and leave the house for a drink run. And with Drizzly, the go -to app for drinks delivery, you don't have to. You can choose from a huge selection of wines, be it a bottle or two of go -tos, or a little something new. And you can even place your order with a phone in one hand and your remote still solidly in place in the other. Download the Drizzly app or go to drizzly .com. That's D -R -I -Z -L -Y dot com and have an epic at home wine night. Because all those shows aren't going to watch themselves. Must be 21 plus, not available in all locations. Hi, I'm Yui Xu. And I'm Julie Krafchick. We're active daters turned dating sociologists. Here to dive into everything modern dating and relationships. Welcome to the datable podcast. Happy September, everyone. Where did this year go? Flying by. Did we end up in September already? I feel like we're I'm barely writing 2023 on anything. I feel like time always goes so fast. It's like slow in the day. And then when you look at it cumulatively, you're like, how did another year go by? I mean, you just turned 40. But you're now getting closer to 41. Oh, it's so wild. But I get feel like we should close the loop on our Joshua Tree slash Palm Springs trip because we were so excited about going we're doing this like datable retreat, the two of us lay out by the pool and dream big, then a hurricane decides to grace California Southern unprecedented and we were warned that first was like a category four to seek shelter and the desert, you know, high desert was like high warning because of flooding. So we canceled our trip sadly, or postponed, I should say. I know. Hopefully this wasn't a bad omen. It's okay. It's new. We are going in September. It's actually going to be better weather. Palm Springs in August is kind of brutal. So maybe it all worked out for the best. And I will say like ability to get refunded on travel was pretty freaking seamless for this. Yeah. So we were lucky enough. We're staying at Airbnb of U .S. friends. She was able to refund us. We rebooked. Same with my flights. Very easy. So yeah, I was unfortunate. Also, the two days that we were going to be there for the two days of the hurricane. So I'm kind of torrential rain. Kind of glad we didn't do it because, you know, the whole point of Palm Springs is to be in the pool, in the sun. Yeah. We were just kind of going to be sitting at home in torrential rains. Like I'd be flying to a hurricane. Into the eye of the hurricane, which is not the best idea. But this just shows the difference in our personalities. Because when you first called me, be like, do you think we should still go? I remember just being like, you're being super vigilant. I think it's totally fine. It's just, we've never seen a hurricane in Southern California. It's totally fine. And then I turn on the news. It's like, seek shelter. The grocery stores were out of toilet paper, water, everything like chargers, flashlights. Everything was gone. And I'm like, oh, shit. This is like a real thing. If you hadn't said something to me, I would not have thought it was as bad as it was going to be. I will not take credit if my mom did not say something to me. I was also ready to board that plane. So, you know, I think it's just being alert. And I talked to you about the hurricane. You're like, oh, it'll, it won't be a big deal. It'll be fine. So then when she was messaging me, I'm like, no, it'll be fine. And then after I like kind of brushed it off, I did do some research. I'm like, do I really want to go down for this? Like, it really does not look fine. Yeah. Yeah. And also it's like SF was experiencing like the best weather possible. I'm just like, why? But it's okay. We will have our retreat. It's going to be beautiful out. It's going to be amazing. I'm very excited. But the hurricane did not stop us from bringing you the next episode. What would you call him? He's not like a, he's not like an idol. Is he an idol to you? I don't know. Okay. So we got an email from our guest today, Evan Marquette's booking agents, and we get a lot of emails from booking agents, a lot of them, so many, in fact, and this immediately caught my eye because I remembered when I was in the thick of dating, this is probably when I was, I don't know, like 25, 26, maybe 20, actually 26, 27, when I was 25, I moved here definitely wasn't dating was more just like hooking up, having fun, but then got into this mode. All my friends wanted to suddenly settle down and I'm like, Oh, maybe I should try these dating apps also. And my best friend from college that lives in SF Bay area too, she had this random roommate at the time that was probably 10 years older than us. And she had this binder, this really thick binder that was like how to online date. And we were just, we were immersed. Like, I mean, this was okay. Like I, we already said, I just turned 40. So this is over 15 years ago, right? Like this is a long time ago. And this binder was just held the secrets to online dating. I'll call it online dating. It wasn't even dating apps. We had to use match .com, jdate, eHarmony, all those are the old school data gaps. And this guy was the author of the binder, Evan Marquette, and she had gone to his workshops. This roommate, I honestly don't even remember the roommate's name, I will remember her always for introducing us to Evan Marquette. She just spoke so highly of him because she had gone to all his like online dating seminars and she passed the gospel down. She passed the gospel down to my friend. And then we started like reading about him online. We got his eBooks, you know, we started really getting into all of his stuff. And I will say he was one of the first dating coaches that felt like he was really at the end of the day, trying to put you first because before him, I had read all the dating books, why men love bitches, the rules, all the terrible dating books that basically tell you to be someone else. And this was the first time I was hearing you are amazing. You are just taking this, right? Like you are standing for things that you shouldn't be standing for. And it was a very different approach. Like his whole, I guess, demographic is like smart, successful women is his primary demographic. I think everything he says on this podcast applies to everyone, regardless of your gender, your sexual orientation, it's applicable to all. But just to put into context, that is his primary demographic. So I think, you know, like he had a lot of ways to combat a lot of the dating advice that hetero women have been fed for years. I think it's hilarious that the binder is about how to online date. Yeah, it's a physical binder.
Fresh update on "southern california" discussed on KCBS Radio Weekend News
"All i ask prove us wrong don't assume us wrong your it's is not superior prove to our us compassion wrong exact but opposite that's wait a big and see gamble the when you're talking gambles about allowing more conservatorships people to die under people's a watch the gambles worship more the family greatest struggling deprivation suffering of how civil liberties dare we short we see of the it as death a penalty pipeline eve to arrow is a homelessness policy analyst for the a c l u of southern california what are the individual rights that you think someone since would go be into stripped of your body under there's care court no force the medication right to and care determine court there's for no force example medication what but when when there's pressure and coercion you're more likely to potentially comply with treatment that the actually isn't administration likes meeting your needs to governor propose newsom this says false dichotomy that you're defending that the status either quo we the force people what's at stake here i don't feel or like into that's what's treatment at stake we because let obviously them die on there's the streets a third alternative garrow says that alternative is for the state to provide comprehensive care for all californians with mental health disabilities services is instead of that investing realistic in a yes new court system it of is course if it we is invest a in lot of people will those hear you services and have to try if something else clearly i the agree current completely situation with is that not but working the something aren't else we need we to at try the point is where we not a civil court system we went with garrow to the notorious skid row in los angeles a county where one uh... in eight twenty of the eight nation's -year -old homeless who people told us lived she has for several years serious on mental and health off conditions that included including markeisha bipolar babers disorder when we met her she lived in a shelter i go almost every day to ask if i could speak to a therapist or and it's if like i oh can well the you waiting list know is get six some months mental before health you services can actually or talk help to a and therapist six there months are really oh none yeah or yeah if you do find absolutely one do get that you honestly feel like i would you're have to be committed getting into medication a mental health that you hospital need absolutely because going not into what places has that to offer happen in like order for you to get volunteer services or they're backed up or they don't have enough space or my insurance doesn't cover some of the stuff that i need when it's i say just the another word way care to mass court incarcerate to you people what and instead comes to your of mind it just being medical like criminal incarceration it's medical what attention would to you like services to and prevention be done rather i think than there the just needs consequences to be way of more not having those services this year the newson administration invested about seventeen billion dollars to fight homelessness care court and treat is mental nowhere illness near chance enough for the thousands there's of hope people but expected leaders to in many land in counties the system say spare money earmarked me for honestly i i i'm a little indignant by this rhetoric the only thing limiting people is an willingness system to be accountable and you're and expecting i'm it just done to take are on you a overly lot optimistic more i'm on this done one with the this excuses is a very you should taxed be done as a taxpayer everyone california watching facing should be the sick highest debt and in tired the nation of the excuses governor there's newsom is plenty asking of voters money in this space to approve yet billions even more for housing and he admits that without enough care court will not work promising saying i'm not here promising anything that anybody here who i'm goes promoting into care a court will promise have some where kind of there's housing accountability attached to that i'm at will the be held local accountable level absolutely i'm not the mayor of california foundationally i'm the governor and what care court those is local about governments is if about they accountability don't comply at all worth levels the billions of dollars that you're going to end up spending on we're spending more on the back end we could save taxpayers for new counties billions including of dollars and los angeles save and san lives diego by where needed december and farrow care live court by will launch in the eight end of next year it will be statewide what is a successful care court look like for farrow i and sees it hope as people never a have to use it positive and experience i where his hope voice that is if heard it does if that you have he to even will you initiate trauma care for court the proceedings family absolutely to keep going i through that with their loved have one no is hesitation part of it this that is that voters are so fed up with what they see on the streets of their cities that as a is mission there a you've political got to factor clean up those in this streets for you you as bought an that's electoral generally strategy case turned but that's out not the inspiration that's not for the care issue court the but is politics then was we living learn here from in is it a los biggest angeles risks compassion shelter that and we don't the told take us politics one she struggles is last purpose with mental what illness happens was if care court month doesn't reported markeisha missing babers by the her woman work now who I'm PJ Vogt here to tell you about my new podcast search engine on search engine we tackle the molly kinds of i'm hi questions that p keep you up at night like why are drug dealers putting fentanyl in everything should we be worried that Elon Musk that airplanes were living on in search a engine simulation no and question is too big for and the no love question of God is too is small it listen actually and unsafe follow search to engine drink the with coffee PJ Vogt on and messaging app odyssey with capabilities podcast available that now grow on with the your odyssey business app Vonage or wherever does you get that your podcasts get a do single app you need for a all voice your video meetings and and communications messaging and the flexibility to add new users with their existing phone numbers you can even add local phone numbers from different markets integrate with leading crms set up a virtual assistant and access up to 50 premium calling features for you globally at Vonage it's everything .com you need to 718 handle your business communications today and at KCBS tomorrow first see what for else Vonage traffic
A highlight from How Lisa Guerrero Learned to Be Brave
"Whether you know Liz Guerrero from her work as a correspondent on Inside Edition or her time as a sideline reporter on Monday Night Football, a job she calls both a dream and a nightmare, you know that she will go toe -to -toe with anyone. Now she's exploring where that empathy and courage comes from in her new memoir, Warrior, My Path to Being Brave. Lisa and I talk about everything from the experience of suffering a miscarriage on live television to her decision to pose on the cover of Playboy. Lisa is sharing it all in the hopes of helping us reimagine what it means to be brave. Lisa, I was such a fan of yours before the book. I am a bigger fan after. Thank you so much for being here. Thank you so much for having me, Alicia, because I watch you. I'm such a fan of yours. So thank you for having me. Mutual Admiration Society, I would imagine that for a lot of our listeners beyond your work at Inside Edition, you are best known for your work at Monday Night Football. You write, it was both a dream job and a complete nightmare. Tell me why. After 10 years of working as a sportscaster, I had been a beat reporter for the Dodgers, the Lakers, USC, UCLA, the Kings, the Chargers. I was the first female anchor at Southern California Sports Report. And suddenly I'm on Best Damped Sports Show period, a big national show on Fox Sports Net. Which is to say you have your credentials, right? I want to just put a pin in this to say that you know your stuff inside and out. You have a resume that proves that, and yet. And yet, I get hired by Monday Night Football on ABC, the biggest job a woman could get in sports broadcasting, 40 million viewers every Monday night, an incredible amount of attention, an incredible amount of exposure, and I was really excited to get this job. But before I ever pick up a microphone for ABC, I start seeing these articles about me that were calling me a bimbo and that were pointing out the size of my breasts or the length of my hair or my last name before I ever report from the actual sidelines. And I realized that a lot of the criticism had nothing to do with my ability, but more to do with I wasn't the type of woman that the sports media, I guess, elite felt should be covering the sidelines, meaning I didn't come from ESPN, I hadn't been a sports columnist, I had been an NFL cheerleader and a swimwear model and an actress. So therefore, I must not be a very good sports reporter, right? I must have only been hired because I was cute. And they ignored the 10 years of sports casting that I had just done. I started to get a lot of anxiety, I started to become nervous. And my boss, who this was now only his second year as the executive producer of Monday Night Football, realized that I was coming under this intense scrutiny. And he started to get nervous, I think. And he began to be pretty cruel to me and verbally abused me. He would constantly be yelling at me, screaming at me. He took all of my reports and rewrote them in his voice because he was so nervous that if I went live, who knows what I would say. He started to control what I looked like, put me in dark blue suits and make sure you can't see any cleavage, make sure she's covered up to here. So I realized that I was going to get fired. I knew I was going to get fired before the very first game. And then at the end of the first regular season game, I misspoke on the air. And I immediately corrected it, but at least it was too late because it gave my critics the opportunity to say, see, she doesn't know what she's talking about. And she doesn't deserve this job. So I got very depressed. I really sank into this extreme, I don't know what else to call it. It was a very traumatic experience for me because I had always been known as the sports chick. I knew my sports. And to have this narrative now be that I didn't know sports and that I was just a model or just a cheerleader, I didn't know how to combat that. And the powers that be at ABC wouldn't let me do any interviews. They wouldn't let me speak for myself. I couldn't eat. I couldn't sleep. I was throwing up before and after every game or after every interaction with my boss who was screaming at me in my IFB during live interviews in front of 40 million people. And I just thought, I'm not going to make it. I don't know how I can get through this season. And finally, I found out I was pregnant. I had just gotten engaged and I was excited about it, even though I thought I would never have children because I was in love with my fiancé. And I thought, maybe I do want to have a child with him. But I was so overwhelmed with anxiety and depression over this job that I couldn't eat or sleep.
A highlight from M.W.A.E.P.
"Hello there, Dennis Prager with Julie Hartman. Dennis and Julie. Best time of the week. That was sweet. That's true. I love it too. Isn't that something? Okay, we won't wax about our enjoyment of what we do together. It can start grating on people. And for some it has. And we know, we're aware. Well, for those of you who don't know, this has actually preoccupied me. So very recently, and I'm sure all of you, certainly in the United States, are aware of the once in 80 something years, in other words, not since 1939 was there a tropical storm in Southern California or maybe California. We don't get that. I mean, Florida gets it. The East Coast gets it. Other places. So people, namely the National Weather Service, the state of California, the county of Los Angeles, it was like COVID. Schools were shut down. Government offices were shut down. People were warned, constantly stay home unless it is an emergency. This is life -threatening. I have a picture of the notice on my phone. Well, I attended a wedding that weekend. The warnings were for Sunday night. That Sunday night, I was to attend a wedding, which I did. The groom told me, and to his great credit, he was not engaged in self -pity. He just noted 40 people. And I would say the entire number of people there was 100. So there would have been 140. 40 didn't come. Because of this hurricane. Right. So now what everybody listening and watching needs to understand is Sunday night, it rained in Southern California. That's all it did. There were no winds. Not lightning from my part of town. That's an interesting point. Right. And regularly in Southern California, there are heavier rainstorms. It was just raining. That was the entirety. Now, there were parts outside of LA County where people were knee -deep in water. That's also very common. When there's a heavy rain, there's some flooding. It's part of life. So I was thinking, oh, I was very angry at the 40 people who didn't come to their wedding. It's so sad for the bride and groom. I mean, God bless them for enjoying their day. Even if zero people show up, you're getting married. It's a sacred, beautiful thing. But that must have been difficult for them. I would be sad and upset if 40 people, a large percentage, didn't show up. I got to tell you, I would pay any one of them money, good money, to come on my show and explain why they didn't go to the wedding. Well, in fairness to some, maybe they were flying and their flights were canceled or something. But do you think it was primarily local? No, no, no. They were in LA. No, no, no. And some had already arrived a day earlier. Nobody flew in that day. And the flights were not canceled. There was no reason to cancel a flight. Nothing happened. That's true. I actually was going to visit my sister on Sunday. She lives near LAX and I was watching planes take off and land in the rain. Flights were resuming. Resuming is not even the right word. They were going on. Resuming is fine. But they were never paused. Oh yeah, that's correct. So it's not the correct word. Okay. I was trying to bail you out. I know. Thank you. I appreciate it. I know you do. They closed the schools. I know. That's absurd. Truly absurd. How many parents won't complain? Well, you said on your radio show 1%. I would agree, but I actually think a lot more would write emails if they didn't think that they or their children would be penalized for doing so. I think that a lot of parents would fear that they would be labeled as climate change deniers, complainers, not trusting of the government and its supreme wisdom and authority. These parents would be seen as being hard on teachers who may not have access to transportation to get to schools. I mean, that's honestly what I think would prevent the parent more than anything else from sending an email to the school. And that's a whole problem unto its own. Yes, that is. So my very, very dark conclusion is one I wrote about. I actually read it on my radio show. You read my book, Think a Second Time, my book of essays? Of course, yes. I've read all your books. Yeah, you did. Okay. Except Deuteronomy. Except Deuteronomy. Yeah, I haven't read that yet. So I have an essay in there. I mean, I'm very proud of this fact because I wrote this in the late 1990s, a long time ago. And I wrote an essay about an experience I had. And in a nutshell, I was to give a speech in Cherry Hill, New Jersey, which is a suburb of Philadelphia. And so I arrived the day before in New York City, stayed overnight at a hotel in Manhattan, had a rental car. All night and when I woke up, do not drive blizzard storm conditions unless it is an emergency. Do not drive. I looked out the window of my hotel room. I remember this so vividly. And it looked to me like there was about one inch of snow on the ground. So I remember thinking, because I still had not yet realized what I now realize, people are so influenced by media that it is more influential than their own experience. Yes. This is critical. This is why it's so dark. So I thought, oh, well, I guess it's in New Jersey. It's horrible. Of course, it was a stupid comment because how far is Manhattan from New Jersey? You know, one of the tunnels or the George Washington Bridge. So I left three hours early and I got there three hours early. There was no traffic. Everybody listened to the radio and TV. And that awakened me to the ease with which people can be brainwashed. You are experiencing the opposite of what we're saying and you believe us. Well, that's the comment that I made. I remember on Dennis and Julie while I was still in college. I one remember day walking in Harvard Yard and this hit me like a lightning bolt, a real one, not a government fake one that may or may not have occurred during a fake hurricane. Anyway, I remember walking in the yard and going, what people are fighting against, what occupies so much of their time, the money that goes to grants and research projects and theses at this university doesn't exist. I mean, not that I shouldn't say doesn't exist, obviously. Small amounts of racism in the United States exist. Climate change does exist. Is it the existential threat? But think about that. This whole complex of thought and money and energy and time and it is given to these boogeymen that aren't real. The average student at the American college or university who says that they are fighting against racism has never seen it before a day in their lives. Isn't that amazing? And so you're right. People can be brainwashed so easily against what they see, against what they see or I mean, in the case of racism, don't see racism is totally rampant. I've never seen it. Wouldn't you think if the United States were as systemically racist a place as the left makes it out to be, don't you think we would have met one racist in our lifetime? I have never met a racist in my entire life. Literally not one. Well, I've lived a lot longer than you. The only one I knew was my grandfather. I know you told that on the air. Which was somewhat of a joke. Right. Because he treated, you said you treated black people beautifully. I have never in my life, not only have I never met a racist, I've never even like seen, I've never seen a neo -Nazi holding up a Nazi flag on the street. I've never, I've never even, I can't name one. It's absurd. Well, tell everybody what you pointed out to me. It's brilliant. I think we said this last week, but it's worth repeating. So when I worked for Dennis one summer, one of the things that I helped him out with was going through his massive volume of mail on email and flagging the most important things. And in all of my days and hours spent going through your mail, which by the way was riveting, it could be a show onto its own to talk about the messages you get. I never saw a singular racist email. That is amazing because as I think I said last week, you're a public figure. Forget that you're a conservative public figure.
A highlight from The Root Cause of Pain/Inflammation & Top 5 Anti-Inflammatory Supplements - Dr. Joshua Levitt
"All right, I'm here with Dr. Josh Levitt. He is a naturopathic physician. He's also the founder of Up Wellness and an expert in pain management. Dr. Josh, welcome to the show, brother. Hey, thank you for having me. This is going to be fun. Look forward to it. Yep, absolutely. I'm super excited to jam out with you. I only like to rock out with high vibe people. And from what I've gotten to see from you, that is what you do. You know, you're a naturopathic physician and I've had a couple of naturopaths on it, but I'm curious for you, you know, you kind of know my philosophy with the Western approach. And, you know, that was really actually how I, I'm not a naturopath. I'm a holistic health coach. And, but that is how I kind of went down my own path for a holistic health or medicine, whatever you want to call it, because I wasn't getting results from the Western, the Western side, more or less. And I wanted to start understanding more about root causes and like, how do we really get to it? I want to put a bandaid on things. So, but I'm just curious for you, like, how did, how did you get started on this? Was there a day you realize, like for same thing for you, was there a day you realize like, that's it, like, this is what I want to do with my life? Yeah, that's a great question. And we, we all have our personal stories, right? And there was a day, I can kind of pin it down. So let me give you a little background before we get to that particular day. So I grew up in Southern California, a surfer and a skater. And I was, I come from a family of doctors. I always wanted to be a doctor. I was like one of those kids who just always wanted to be a doctor. I went to UCLA on a pre -med track. I studied neurophysiology there. My dad at the time was training medical residents at, at UCLA. So I had kind of, I don't know, backstage access to doctors, you might call it. And, and then this is like in my early twenties, I'm in my late forties now. They were telling me that medicine was changing for the worse, right? These docs were all like, basically don't do it. You know, it was kind of what they were saying. And so it was like, well, what am I going to do? I kind of always wanted to be a doctor. Anyway, I had the good fortune to be able to take a year long trip. So I went and got a backpack, you know, some hiking boots and I went really on a walkabout around the world, all over the place, sleeping on beaches, hitchhiking, staying at youth hostels, all that sort of stuff. At one point I got a blister on the back of my foot from some sandals that I had bought and it turned into cellulitis and cellulitis is a bad thing, right? It was, it was creeping up my leg at this time when it was really advancing up my leg. I had a fever. It was really bad. And I was on route in an airplane, headed towards Zurich, Switzerland. So I landed in Switzerland and I had severe cellulitis with a fever. It was really bad. I called home. I got a prescription for antibiotics called into this pharmacy in Zurich where I went in and I was kind of tripped out because I was, you know, had a high fever and I was, my mind was playing tricks on me. And I picked up these antibiotics, which helped me. They cured my infection, saved my leg, maybe even saved my life. So that's part A, but part B, in contrast to anything I had ever known in Southern California, which is where my life was, I saw in this pharmacy, not only the antibiotics that I needed at the time, but also this whole world, right? Of like herbal stuff, homeopathic stuff, tea, and like natural things. And I was tripped out. Like I was like, wow. You know, I was probably also like a little febrile, you know, but like, this was amazing to me. There's medicine that's not just like medicine that like this antibiotic. And I was also in a journey of discovery at that time in my life anyway. And that just basically ignited a spark that became the passion that's basically led my entire career. And so I now still have that passion and enthusiasm for natural medicine. And I guess it's sort of, there's some irony there because like I'm the naturopathic doctor who got his start in naturopathic medicine on the day that I needed antibiotics, right? So it's like, and by the way, I'm no fan of antibiotics. Like, I think they're grossly overused. I think they're used for too long. I think they're used inappropriately all the time on humans and on livestock. So like, you know, but I think they're also great and necessary when they're necessary as they were in my case, in that particular case. But yeah, so that's my story, the origin story, if you will. And here I am now kind of like, you know, on what I see as a bridge that's still in construction between Western medicine, mainstream conventional medicine and alternative medicine. And when I got started and even before that, those worlds were just totally far apart from each other. Never the two shall meet. And I think as I've moved through my career, it's not just been me, but lots of people kind of trying to construct that bridge and bring the best of both worlds closer together. That's what I'm about.
A highlight from Trey Lance's NFL Future
"Hey this is Paris. I downloaded all my favorite things into my new Roblox experience. It's called Sliving. It's got everything I love. Discovering, shopping, collecting, partying with my friends. Do you slay? Do you live? Do you sliv? You can join me. Join me. Join me. Join. Come sliv it up with me on Friday, August 25th. Get on the dance floor as I spin at the hottest party on Roblox. I can't wait for you to see it. Now you're Sliving. Slivingland on Roblox. Loves it. I'm Dr. Sanjay Gupta, CNN's chief medical correspondent, and this is Chasing Life. People measure age in all kinds of ways. Most of us start with the number of years, but as I've started to discover on this season of the podcast, that doesn't really tell the whole story. I guess there's no denying that our bodies do go through some changes, but aging is not linear. Listen to Chasing Life on the iHeartRadio app. With so many streaming devices out there today, what sets Roku apart? Roku players are made for one thing, to get you the entertainment you want quick and easy. That means a simple home screen with your favorites front and center, channels like iHeartRadio that launch in a snap, and curated selections of TV for when you only sort of know what to watch. Not to mention all the free TV you can stream, including over 300 free live channels on the Roku channel. Find the perfect Roku player for you today at roku .com. Happy streaming! Welcome to the MMQB podcast. I am Matt Verteram, joined by Gilberto Manzano here. It is Thursday, August 24th, and that means we only have one week of preseason football up. We're all thankful for that. Gil, have you finished up your training camp tour? Are you done now, or you still got a few more you gotta hit? Yeah, no, I'm done, and when you said the date, Matt, I actually forgot what date it is today, so that tells me we're two weeks away from the real football season, so I am done with training camp. I don't know about you, Matt, but after like the fifth or sixth stop, I was over it. I saw enough, you know, kind of somewhat real football. I did check out a couple scrimmages, which felt like a little bit of real football, but before that I was like, I'm over the traveling. Let's just get to the Chiefs and the Lions for that. There's a night opener. Yeah, man, I went to eight camps. I saw nine teams because the Lions and the Giants had joined practice when I was up in Allen Park. The day that I woke up in Kansas City, I actually didn't know what city I was in when I woke up. I had like a two -second, I don't know if panic's the same. So, I'm done. I finished on Tuesday. I went up to Green Bay for the last one, which was kind of more of an add -on at the end. I had gone up there for OTAs to do a feature on Jordan Love, and I wanted to go back up there and visit with Matt Lafleur, and it was worth the six -hour round trip. It was a long, long bit of traveling one day, but we made it happen. How many camps did you get to over the course of the summer? I got to, I want to say eight, and I had like you with the extra one with the Saints. The Saints came to Southern California for joint scrimmage with the Chargers, so technically nine teams, but the way I think I did it was, I think it was five states. I drove to Las Vegas and Arizona, and then I flew to San Jose, Seattle, and Denver, and going from Seattle to Denver, that's the one I felt. But yeah, man, I primarily got the West Coast teams. I got, you know, eight teams. The ones that were easy was the ones in my backyard in LA, the Cowboys, the Chargers, and the Rams, but you know, after the, I got on the plane. You know, at one point I started thinking, I don't know how you did it, Matt, because you were driving everything. Me driving to Las Vegas and Arizona, that was too much. I couldn't do any more car rides after that. Yeah, I didn't fly for any of them. I'm based outside of Chicago. You're based in Los Angeles, so you, your teams are more sprawling for you. I mean, you're not driving to Seattle from LA. For me, the longest drive I had was Kansas City, which was like six and a half hours each way. So I did, I did make that happen. But luckily, like Chicago to Indy's not bad. Indy to Cincinnati's a couple hours. You know, it wasn't, wasn't too bad. Look, we're going to get into Trey Lance. We're going to get into, there was an injury at Broncos camp earlier today before us recording with Jerry Jeudy, with what appears to be a hamstring injury. We'll talk about that a little bit. But I, I want to ask you, so the eight teams you saw, or the eight practices you was the most impressive? And was there a team that stood out to you, either good or bad, that you were kind of surprised by? Yeah, it's a tough question, man, because I was thinking that because I got, I got a good balance of really bad teams from Arizona. I saw our guy, Connor Orr, had him at one and 16 for the, for his win -loss record, a story that came out today. So they, they, they looked like they're going to be really bad. And it was tough for me to figure out who's who on that roster. So I got that. And then I got all the really good teams, like the 49ers, you know, I'm high on the Seahawks, you know, that from our doing our, our midsummer prediction, by the way, that was tough. We had to pick our Super Bowl teams in what, like April or May we're going to do it again. And I'm so happy about that, but the Seahawks look good. I like the Cowboys a lot, but every year it's the same thing. Like they get far and they don't get past the second round. So I can't commit to them. Same thing with the Chargers. They just don't go far. Like they're really hyped to have a lot of good players. So I keep going back to the 49ers because they've shown to me to at least get to the Super Bowl, or at least make it to the NFC title game. And then Brock Purdie being healthy. That to me was all I needed to see to say, you know what? I like the Seahawks, but I'm going to leave that bandwagon and go to the 49ers. Do you believe in Purdie? I mean, look, obviously you believe in him enough that you're, you're, you're high in the Niners, but you know, they'll roll with Purdie, which we knew they would, if he was healthy. Lance is the third string guy. And I know you wrote a piece on trail, Lance, we can get to him in a little bit here. The roster's stacked. I don't think anybody questions that. I mean, they have all pros literally in almost every single meeting room. They, they, they have guys everywhere. They have a very good head coach in Kyle Shanahan, but they've been a team that they haven't found their quarterback or at least they haven't proven to have found their quarterback yet. They went to Jimmy Garoppolo. Garoppolo, of course, now with the Raiders, who you saw as well during your tour.
A highlight from Harry Scherer
"Welcome to the Eric Metaxas Show. I shouldn't tell you this, but Eric hired someone who sounds just like him to host today's show. But since I'm the announcer, they told me, so I'm telling you, don't be fooled. The real Eric's in jail. Hey folks, welcome to Monday. This is the beginning of the week for me, and probably for most of you. Traditionally, Monday is seen as the beginning of the week. Chris Himes, how about for you? Will you consider this beginning of the week? It is. Normally it is. All right, so we're together on that. It's the beginning of the week. Now, I tell my audience, coming up in this hour, we're going to be talking to a young man named Harry Shearer, not to be confused with the man who does the voice of Montgomery Burns on The Simpsons. No, it's a different Harry Shearer. This is someone he's written for the American Conservative. He's written a long article on RFK Jr. Very interesting. We're going to explore that with him in this hour, RFK Jr. In hour two, I believe we're going to be speaking about men's fashion and why it's not just about fashion. It actually has meaning. How we dress, how we present ourselves meaning. has So get ready for that. Chris, I got to tell you, this weekend I was in a church, well, actually yesterday, I was in a church in Ben Salem, Pennsylvania. Ben Salem, Pennsylvania. It's been an hour and 40 minutes from New York. We drove out there, drove back. It's called Christian Life Church, Pastor Mike English. What a great church. I go to these places, I get so encouraged that there are churches that they get it. They are doing what I write about in my book, Letter to the American Church. They're living it out. They're not hiding in the shadows saying we don't want to be controversial. They are willing to simply speak the truth and they are blessing their congregations. I'm sure you can see my sermon there online, but it's Christian Life Church in Ben Salem, Pennsylvania. Just a privilege for me to be with those folks, to meet Pastor Mike and his wife, Christie, their son, Elijah. Just encouraging to me to meet people like this in communities like this, full of people of faith in action, not just faith in your head, which is fake faith, but faith that lives itself out, lives out, lives in action. Just beautiful. Anyway, okay, so speaking of faith in action, we want to continue to ask you to step up with Food for the Poor. Food for the Poor feeds people in our hemisphere who are suffering in Latin American countries, but as we begin the week in this country, many of you know that tropical storms and flooding are hitting the Baja Peninsula in California. Hurricane Hillary or tropical storm, whatever it was, Hillary hit landfall and deleted 30 ,000 emails. Isn't that unbelievable? Sorry, that was a joke. That was a cheap joke. That was a good one. It was a cheap joke that I stole from the Babylon Bee. But seriously, you know, when storms hit, the destruction is horrifying, and this is the first tropical storm, this is amazing, to hit Southern California in 84 years, right? Now, I want to say that meanwhile, forecasters are warning that major Atlantic hurricanes, Atlantic, are likely very soon. We have the hurricane season coming up in the Atlantic, and the reason I'm bringing this up right now is that there are 17 countries served by our friends at Food for the Poor, which is a Christian nonprofit relief agency, and this month they're focusing on emergency relief supplies because they know that hurricane season is upon us and it's going to strike many of these countries in these communities very, very hard, and they want to be prepared.
A highlight from Spirit-Empowered Evangelism (Part 1)
"To speak the good news to those who are around us. These things we pray in Jesus' name. Amen. We're going to be in Acts Chapter 8 this morning, and I wanted to say a word of welcome. Those of you who are visiting with us, we're so glad that you could be here today. It's such a joy to have you here at Cloverleaf Baptist. And our desire is to be a church that makes much of... And we've been doing a study through, not so much verse by verse through the book of Acts, but hitting some high points as we think about, over a few weeks, what our church should look like, what our church should be. We'll read the first few verses of Acts Chapter 8, just to set the stage here, and we'll be sort of all over the book of Acts this morning as we think about this topic of evangelism. Begin in Acts Chapter 8, verse 1. ...hailing men and women committed them to prison. Therefore, they that were scattered abroad went everywhere preaching the word. Then Philip went down to the city of Samaria and preached Christ unto them. And the people with one accord gave heed unto those things which Philip spake, hearing and seeing the miracles which he did. For unclean spirits, crying with loud voice, came out of many that were possessed with them. And many taken with palsies, and that were lame, were healed. And there was great joy in that city. Recent days, we've seen a number of headlines in the news, and I waited till this morning to kind of take a quick look again to see what has been going on. We've sort of watched in horror as we have seen the results in the climbing death toll from the wildfires in Hawaii. We've seen these horrifying images of entire towns reduced to ash. It's just hard to fathom what has happened down there. This morning, the headlines were about a hurricane bearing down on Southern California, which is very, very unusual. They don't get hurricanes over there. It's kind of normal for us here on the Gulf Coast. But it is quite scary if you're in Southern California where this never happens, and we want to be praying for them. But as you look at the news, it's very rare to have headlines in the news that are really positive and uplifting. A few of us log on every day to the news, wherever you get your news from or on whatever channel you go to, to sort of be encouraged. We're not like, man, I'm feeling kind of down. Let me turn on Channel 5 to see what can lift my spirits. Instead, you'll turn on the news and you'll hear about more shootings in Mobile. You'll hear about more scandals in Washington. You'll hear about an ongoing war in Ukraine, the death toll that's been reported to half a million, or a casualty rate of half a million combined. Mind boggling. I've heard about a coup in Niger. Depending on who you read, you'll hear dire warnings about climate change or government overreach, or pollution on one hand and corruption on the other. If you were to base your worldview on what you get in the news, which I don't recommend doing, you would conclude that we are undoubtedly living in the worst time in human history, and we ought to try to roll the clocks back to the good old days when life expectancy was like 35, air conditioning didn't exist, and you could have your teeth extracted without Novocain. Just a little bit of perspective for you. But here's my point. We are living in a world that is drowning in a deep pool of bad news, bad news, bad news. We're in a world that is in desperate need of good news, and I don't just read another human interest story about someone rescuing puppies. I mean, good news that is more than just the fact that life expectancies have increased from 30 to north of 70 or that child mortality has dropped from 35 % at one point to less than 1%. You see, even though we get those sort of like snippets of good news, we all have a deep sense that in spite of the great improvements in our living standards, praise God for air conditioning, something is deeply amiss with our world that one more air conditioning unit won't fix. You see, after all, no matter how good we have it, death rates are going to stay steady at 100 % no matter how long life expectancy increases to. No matter what improvements are made in governance in the world, human nature is obviously fundamentally flawed. I think it was G .K. Chesterton who quipped that original sin is the one doctrine of Christianity that can be empirically proven. You see, we are naturally selfish. We are naturally violent. We are naturally deceptive and lustful. No amount of education, no amount of culture, no amount of entertainment or medicine or therapy can change what is fundamentally broken in human nature, though it may restrain it. So in this world that is awash in bad news comes the gospel of Jesus Christ. The word gospel translates the Greek word euangelion, eu means good, angolos, message. It's a good message. It is good news, literally what the word is. It's the gloriously good news, the desperately needed news that God has acted decisively in history to solve our sin problem, the malady that underlies all of the other pathologies in society. He's acted to solve that sin problem, to change our hearts, to alter our eternities, and ultimately one day to remake this world.
A highlight from Giant Storm Not
"You've spoken and we've heard you loud and clear. We're proud to announce our brand new ACLJ Life and Liberty Drive. Our legal teams will be focusing on the issues that you, our ACLJ members, have told us matter the most to you. Life and religious liberty. We're redoubling our efforts to beat back the radical left's attack on your constitutional religious freedoms and to defend the sanctity of human life. This is your moment to get in the fight. Every tax -deductible gift will be doubled. Join the ACLJ in the fight to keep America free. Hey everybody, Dennis Prager here in horrific, tropical storm unseen since 1939. I am lucky to have arrived safely in order to broadcast. It shows my commitment to you that I am in today as is everybody else. You know what it's you know what's doing outside right this studio in Los Angeles County? Nothing. Absolutely nothing. It is not even drizzling. This is what you have heard on the news so let me report to you from where I am in Los Angeles County. Nothing is happening. Nothing happened yesterday. It rained. It rained. The only odd thing is that it doesn't rain in August in Los Angeles County as a general rule. That's why Dodger games and Angel games are almost never rained out. Or Padre games but that's San Diego. This is extremely significant. Extremely significant. And I want to tell you why. Last night my wife and I attended a wedding. And I spoke to the groom and he told me that about 40 people did not show up because of not the storm because of the hysteria over the storm. Pure undiluted false fake hysteria. My heart broke for the guy. He has no victim sense about him. He just mentioned it in passing to me. That was I would say that was about a third of the people. Many of them by the way flew in from cities across the country to go to the wedding. And they didn't go. Imagine that? Hey honey, did you see the news? Did you read that the governor of this state has declared a state of emergency? Governor Newsom in whom I don't believe there is an authentic bone declared a state of emergency for the county of Los Angeles and maybe others. Is what I'm saying getting clear to you? Nothing happened. Now there was flooding. You've seen pictures. I looked at the Daily Mail printed or published in England and it made where I live look like a national disaster. How many photos does it take of some flooding to cause it? There was a guy knee deep in water with his car stuck in Palm Springs. Palm Springs? What county is Palm Springs in? I don't think it's LA County. It's way east. Okay, I feel bad for the guy. Hasn't been a tropical storm in this area in Southern California since 1939. By the way, will they blame it on climate change? This of course is the inevitable obviously. Like it's in Riverside County. Okay, thank you. That means a lot to my listeners across the country. So I'm trying to be privy to the discussion that a couple who had planned on coming to the wedding last night. The discussion they had goes, I assume it went something like this. I mean they'd really feel bad if we didn't go. Yeah, but did you see the news? Oh, not just the news. Let me share with you my dear friends. Here is taken from my phone. This came up, I would say just about every hour. You know an emergency alert you get on your phone? Emergency alert severe. I'm reading to you from my phone. I'm sure you got the same thing and you took it as seriously as I did. A national weather service. A flash flood warning is in effect for this area until 3 a .m pacific daylight time. This is a dangerous and life -threatening situation. Do not attempt to travel unless you are fleeing an area subject to flooding under an evacuation order or attending a wedding. That was beautiful that they added that. That's how personalized these messages are. They knew we had said yes to a wedding invitation. Life -threatening situation. So back to our couple. Hey honey, you we know came in from Cleveland. They're really expecting us. Yeah, but darling we can't risk our lives to attend a wedding. I mean in the long run of life, I mean you know. Yeah, but honey look outside the window. It's just raining. There's nothing. There's no wind. It's not even a particular downpour. Yeah, but did you see what the governor of the state said? Did you see what the national weather service said? Did you see what NBC news said? Yeah, but honey look out the window. That was my first urge. By the way, I'm not saying it's panic during COVID that it was just as likely to be the man panicking as the woman. Foolishness doesn't know sex or even gender. I want you to understand though this does not bode well for the country. It really doesn't bode well. Let me see here. I wrote about this. I wrote about this in 1999. And I'm trying to find it because you could actually see it in my book of essays. Think a second time. If you want to introduce yourself or me or someone else to me, get my book of essays. 44 essays on 44 subjects. And I wrote an essay at the time on this very issue. Let's see if I can. Yeah, no, I won't have to find it. I wrote about a story. It happened to me about 25, oh no, 30 years ago. Let me see, what's 25 years ago? Yeah, no, about 25, 28 years. It's irrelevant. 25 or 30. I had a speech in Cherry Hill, New Jersey, right outside of Philadelphia. I was in Manhattan. I slept in Manhattan the night before, Thursday night. I had an evening speech. I don't know if it was Thursday night. It's not true. I don't know what night of the week I was going to speak. But the night before, I slept in Manhattan. The whole night, all I hear is blizzard, major major storm. Do not go out. Do not drive unless it is an emergency. So I planned instead of taking, let's see, what would it be? What is it, the filly from New York, an hour and a half? So instead of leaving an hour and a half before, I left four hours before. But I looked out the window of my hotel room and nothing was happening. There was about an inch or two of snow on the ground. This was my first introduction to do I believe my eyes or do I believe the news? And this was a revelation in my life. The power of media and panic is such that you can deny what you are experiencing and seeing because of the induced panic. Schools are closed in LA County. Gold dealers are a dime a dozen. They're everywhere. What sets these companies apart and whom can you really trust? This is Dennis Prager for AmFed Coin and Bullion, my choice for buying precious metals. When you buy precious metals, it's imperative that you buy from a trustworthy and transparent dealer that protects your best interests. So many companies use gimmicks to take advantage of inexperienced gold and silver buyers. Be cautious of brokers offering free gold and silver or brokers that want to sell you overpriced collectible coins claiming they appreciate more than gold and silver. What about hidden commissions and huge markups? Nick Grovitch and his team at AmFed always have your back. I trust this man. That's why I mentioned him by name. Nick's been in this industry over 42 years and he's proud of providing transparency and fair pricing to build trusted relationships. If you're interested in buying or selling, call Nick Grovitch and his team at AmFed Coin and Bullion 800 -221 -7694. Americanfederal .com.
Monitor Show 06:00 08-21-2023 06:00
"Interactive Brokers charges USD margin loan rates from 5 .83 % to 6 .83%. Rated the lowest margin fees by Stockbrokers .com. Rates subject to change. Learn more at ibkr .com slash compare. Future of Law. Visit BloombergLaw .com. Up next, the latest on the tropical storm bearing down on Southern California. Plus, what will Chairman Powell say at Jackson Hole? Hour 2 of Bloomberg Daybreak starts right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. From the Bloomberg Interactive Brokers studios, this is Bloomberg Daybreak for Monday, August 21st. Coming up today. A rare tropical storm pounds Southern California with heavy rains damaging floods and mudslides. President Biden travels to Hawaii following those deadly wildfires. Donald Trump confirms he will not participate in this week's Republican presidential debate. And Wall Street braces for a key meeting by Jay Powell and central bankers. Denmark is donating American native 16 fighter jets to Ukraine. Plus, subway and bus fares in New York City went up over the weekend. I'm Michael Barr. More ahead. And I'm Dan Schwartzman. The Yankees continue their struggles as they've now lost eight in a row. I'll have that and more coming up in sports. That's all straight ahead on Bloomberg Daybreak. On Bloomberg 1130 New York. Bloomberg 99 .1 Washington D .C. Bloomberg 106 .1 Boston. Bloomberg 960 San Francisco. Sirius XM 119. And around the world on BloombergRadio .com and via the Bloomberg Business Act. Good morning. I'm Nathan Hager. And I'm Karen Moscow. And U .S. stock index futures are on the rise this morning. S &P futures up half percent or 22 points. Now futures are down.
A highlight from 112: Part 1: More Mexican Mafia with Ramon Mundo Mendoza
"Ola, ola, ola, amigos, amigos, players, playwrights, dududettes, everybody in between, welcome to episode 112, 112 of the latest attempt to silence Murph and Morgan. As I said before, we will not go quietly into the night. We are back again. And Murph, this is a historic one. Put this on your calendars. It's historic because this is the first time we've had a two -timer, first time we've brought somebody back. And think about that, 112 episodes, there's a lot of people out there. And one of the reasons we're bringing this guy back is because of a lot of the comments we got, a lot of the interest that was shown and wanting to hear more about the story. So we decided to do that. So we decided to bring Ramon Mundo Mendoza from, he was a Mexican Mafia, you know, from Mexican Mafia Hitman, you know, from Alter Boy to Mexican Mafia Hitman was the title of his book. And, you know, this is our first, like I said, we decided to bring him back actually fairly quickly after we did the interview, after we ran into him at the Southern California gang conference. It was. So his first episode was 103, which was mid -June. And the comments we got, I mean, we got a ton of comments from listeners asking, hey, this was fantastic. It's great to take an inside view of the bad guys, especially a very violent organization like the Mexican Mafia. And you guys are asking us to bring him back on for more information. And Mundo was very gracious about it. He worked us into his schedule. I'm not going to tell you anything about where he was. He didn't tell us and we don't ask things like that because he still fears for his life. But it did look like he was in a motel room doing this. So he was I don't know if he's in hiding or what he was doing, but, you know, he's having to live incognito, which I can't imagine is a lot of fun, but certainly was gracious enough to come back on and tell us more stories. And you know what? They're just as scary as it's the first ones. And some of the things he tells us on this one were a little surprising about how the cops were handling him and letting him run. It's almost you know, you wonder how and the other reason you're seeing two folks, we're not going to do small town police blotter. We made a decision. Look, when we talk about stuff like this, like when we did Natasha Hertzig, you know, or some other folks, there's nothing funny about this stuff. So we're not we're not we don't want to make light of it. So we are not going to do small town police blotter for this one because this is some serious stuff. But we get into talking about two additional murders he did while he was working with law enforcement, how he had to cut a deal for that to testify against some other people, went back, did his time, you know, and you know, and we talk about a lot of the issues about, you know, hey, what can we do to intervene in this stuff? Where is that point to where we can intervene with kids, keep them out of this gang life? We talk about a lot of stuff going on. And just to be just to be blunt, it's not like we're the type of guys that are going to say, hey, we'll fly out. Let's meet for dinner. Mundo, let's go hang around and pal around. There's a professional respect simply because of what he used to do and what we used to do. We understand why he's doing what he's doing now.
Monitor Show 05:00 08-20-2023 05:00
"Interactive brokers clients earn up to USD 4 .83 % on their uninvested instantly available cash balances rate subject to change visit ibkr .com slash interest rates to learn more top stories and global business broadcasting 24 hours a day at bloomberg .com and the Bloomberg Business Act this is Bloomberg Radio. Hurricane Hillary is getting closer to Southern California the category 1 hurricane now about 450 miles south of San Diego with maximum sustained winds of 85 miles per hour it's supposed to weaken to a National Hurricane Center warns that it could produce catastrophic and life -threatening flooding a tropical storm warning is in effect from Baja California to Catalina Island as Hillary is scheduled to make landfall sometimes Sunday officials in Riverside County are keeping a close eye on areas that have recently burned in wildfires there's likely to be evacuation based on what we're seeing from the rainfall rates that are forecast that Shane Reichard with the Riverside County Emergency Management Department he says debris flows are a likelihood up to 10 inches of rain is forecast for the riverside mountain areas a Seattle pizzeria is lending a hand to victims of the wildfires on Maui Nika McGaughis has more.
Monitor Show 19:00 08-19-2023 19:00
"Family of podcasts on Twitter at podcast. I would be remiss if I did not thank the crack team that helps put these conversations together. My audio engineer is Justin Milner. My producer is Paris Wald. My project manager is Atika Valbron. My researcher is Sean Russo. I'm Barry Rituls. You've been listening to Masters in Business on Bloomberg Radio. Broadcasting 24 hours a day at bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. Hurricane Hillary is headed toward the central Baja California peninsula after weakening to a category 2 storm. The latest update from the National Hurricane Center puts Hillary about 640 miles south southeast of San Diego packing top winds near 110 miles an hour. Forecasters say the storm is likely to cause catastrophic and life -threatening flooding over the region and the southwestern U .S. through Monday. Hurricane warnings are up for parts of Mexico with tropical storm warnings posted from the California border with Mexico north to Catalina Island. The director of the National Hurricane Center says today is the day to prepare for Hurricane Hillary if you are in southern California. Dr. Michael Brennan says those in Hillary's path need to remain on high alert even as the storm weakens. Even as the winds weaken as we're starting to see them come down now that has almost nothing to do with how much rainfall is going to occur and the impacts of that flooding that's going to occur in portions of southern California. Hillary is expected to become a tropical storm when it makes landfall. Thousands of people are rushing to evacuate the capital of Canada's northwest territories. The provincial capital Yellowknife is home to about 20 ,000 people and they've all been ordered to evacuate along with people in several other communities. As of Friday night about 19 ,000 have left the city as a massive wildfire creeps towards Yellowknife and a major highway.
Monitor Show 18:00 08-19-2023 18:00
"Appeal to the Fifth Circuit, which is considered the most conservative appellate court in the country. So we'll see what happens there. Thanks so much, Shao. That's Professor Shao Wang of the University of Virginia Law School. And that's it for this edition of the Bloomberg Law Show. Remember, you can always get the latest legal news by listening to our Bloomberg Law podcast, wherever you get your favorite podcasts. This is Bloomberg Law on Bloomberg Radio. I'm June Grosso. Stay with us. Today's top stories and global business headlines are coming up right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. Southern California is preparing for the arrival of Hurricane Hillary, which is now a Category two storm. Officials in the region say they are working hand in hand with FEMA as the storm approaches and the National Guard has been called in. Hillary will hit Southern California and the rest of the Southwest as a tropical storm probably early Sunday. The White House says President Biden is getting constant updates and is working with Governor Newsom. A storm of this magnitude has not made landfall in Southern California since 1939. Forecasters warn it's likely to cause catastrophic and life threatening flooding over the region and the southwestern U .S. through Monday. Former President Trump is reportedly planning to skip the upcoming Republican debate and instead will be interviewed by Tucker Carlson. The debate hosted by the Republican National Committee will air Wednesday in Fox News. The New York Times says Trump, the GOP front runner, has an interview lined up that same night with Carlson. Trump previously signaled he might not take part in the debate as polls show him holding a huge lead over his 2024 GOP rivals. The suspect in the murders of four University of Idaho students is fighting evidence from prosecutors. Brad Siegel has more. In a hearing Friday, defense attorneys for Brian Koberger had witnesses testify about DNA evidence and genealogy testing. Detectives use genealogy tracing to identify Koberger as a suspect in the murders.
Monitor Show 15:00 08-19-2023 15:00
"Just left them feels because it's not really clear what anyone can do with them. Not really clear what anyone can do with them. We'll see what happens there. We're monitoring it all for you here on Bloomberg Radio. And that was Linda Lu of Bloomberg News with Bloomberg's Paul Allen and Sherry Ahn. And that is it for this edition of Bloomberg Best. I'm Denise Pellegrini. This is Bloomberg. Stay with us. Top stories and global business headlines coming up right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. More than 40 million people in Southern California are under tropical storm warnings. The National Hurricane Center says Hillary has weakened to a Category 3 storm with sustained winds near 115 miles per hour and is about 710 miles south southeast of San Diego. Ryan Baker has more. San Diego Mayor Todd Gloria says the city is prepared for Hurricane Hillary. I want to reassure San Diegans that their city is prepared to respond swiftly and effectively to the impacts of this storm may bring. The Los Angeles Director of Emergency Management says the storm could affect a wide area of the southwestern portion of the United States. This will impact not just LA County but all of southwestern California, potentially Arizona and Nevada also. I'm Ryan Baker. People on the Hawaiian island of Maui are bracing for what could be a devastating death toll as more than a thousand people are still missing. Search and rescue teams are digging through the ashes and rubble of what was the town of Lahaina. Family members of missing Lahaina senior home residents like Clifford Abihai are frantically searching for their loved ones who remain unaccounted for. I'm going to Hawaii. I'm going to find out information. I'm going to look people in the eye and I'm going to, you know, shred out and ask them, you know, what's been done. At least 111 people are confirmed dead and Hawaii Governor Josh Green has told CBS News.
Monitor Show 14:00 08-19-2023 14:00
"Society like ours. Bloomberg opinion editor Sarah Green Carmichael and that does it for this week's Bloomberg opinion. We are produced by Eric Mollo and you can find all of these columns on the Bloomberg terminal and we're available as a podcast on Apple, Spotify or your favorite podcast platform. Now stay with us. Today's top stories and global business headlines are just ahead. I'm Amy Morris and this is Bloomberg. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. Hurricane Hillary has been downgraded to category three, but forecasters warn it's still a dangerous storm. Elizabeth Adams with the National Weather Service says the storm will bring heavy rain. Issued a flood watch that is valid for all of Southern California. So the mountains and the deserts, that's going to be valid for late Saturday morning through Monday afternoon and a few hours delayed for the coast and valleys. 5 AM Sunday through 11 PM on Monday. The latest update from the National Hurricane Center puts Hillary about 235 miles west southwest of the Baja Peninsula in Mexico with sustained winds of about 125 miles per hour. Forecasters expect the storm to weaken as it moves north into colder waters. While Hillary is expected to be a tropical storm by the time it makes landfall, it could still cause potentially catastrophic and life -threatening flooding. The Pentagon is deploying 700 personnel and 140 Coast Guard responders to fight the wildfires still raging in Maui. On Friday, U .S. defense officials pledged to continue their efforts in combating wildfires until they're fully extinguished. The Army has also deployed CH -47 Chinook helicopters to suppress fires from above while the Army Corps of Engineers worked.
Monitor Show 12:00 08-19-2023 12:00
"And friend of the show Vanessa Perdomo for joining us. This is the Bloomberg Business of Sports Show where we explore the big money issues in the world of sports. I'm Michael Barr. You can follow me on X at BigBarSports. And you can follow me at ScarletFoo. Tune in again next week for the latest on the stories moving big money in the world of sports. Stay with us. Today's top stories and global business headlines are coming up right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. Southern California is now under its first ever tropical storm warning as Hurricane Hillary churns toward the West Coast. This will bring significant and potentially dangerous and rare impacts to portions of Southern California and the Southwest U .S. National Weather Service meteorologist Courtney Carpenter says Hillary will likely arrive Sunday as a tropical storm. It's currently a category four storm packing 130 mile an hour winds about 240 miles south of Baja, California. The federal government is launching an independent investigation into the cause of the Lahaina wildfire. The Bureau of Alcohol, Tobacco, Firearms and Explosives is working to determine the origin and cause of the fire that has killed at least 114 people. Officials arrived from the ATF's Honolulu Field Office and Seattle Field Division on Thursday. They'll work alongside Maui fire officials and others also investigating the source of the fire. A new poll shows Florida Governor Ron DeSantis now tied with conservative businessman Vivek Ramaswamy for second place in the GOP primary field. An Emerson College poll finds growing support for Ramaswamy among younger voters as DeSantis registered a big drop from the 21 percent he held in June.
"southern california" Discussed on Southern California Real Estate Report
"Today, on the Southern California real estate report, we look at del mar fairgrounds. Stay tuned. Thank you. Thank you.
"southern california" Discussed on Southern California Real Estate Report
"Yeah, so <Speech_Male> we'll see, <Speech_Male> but there's going to <Speech_Male> be some doom and gloom with <Speech_Male> the real estate people. <Speech_Male> And <Speech_Male> that's unfortunate. <Speech_Male> I think <Speech_Male> that, <Speech_Male> you know, as <Speech_Male> far as <Speech_Male> the health <Speech_Male> of the market, <Speech_Male> I think this <Speech_Male> too shall pass. I <Speech_Male> don't think we'll ever <Speech_Male> meet <Speech_Male> the requirements <Speech_Male> for <Speech_Male> <Speech_Male> the amount of permits <Speech_Male> that <Speech_Male> we need to have pulled <Speech_Male> in a year to <Speech_Male> keep up with the <Speech_Male> demand for housing. <Speech_Male> And so there's <Speech_Male> always going to be a supply <Speech_Male> constraint <Speech_Male> in this market. <Speech_Male> <Speech_Male> San Diego <Speech_Male> is also growing with <Speech_Male> a lot of really great jobs. <Speech_Male> So like <Speech_Male> Danielle saying, there <Speech_Male> is a silver lining here. <Speech_Male> If you've saved <Speech_Male> up and you're a <Speech_Male> first time buyer, wow, <Speech_Male> there could be some really <Speech_Male> good deals. <Speech_Male> And hopefully, <Speech_Male> hopefully the interest <Speech_Male> rates are transitory <Speech_Male> and we <Speech_Male> see a little bit <Speech_Male> of <Speech_Male> stabilization <Speech_Male> <SpeakerChange> with interest <Speech_Male> rates. And also, <Speech_Female> you know, one of our clients <Speech_Female> used to say, <Speech_Female> he wants to buy an <Speech_Female> interest rates are high. <Speech_Female> It's because <Speech_Male> you <Speech_Male> can always refinance a bunch of <Speech_Male> so if <Speech_Female> you do have <Speech_Female> <SpeakerChange> that buffer. <Speech_Female> And if you are really <Speech_Female> well planned <Speech_Female> for this market, <Speech_Female> you could <Speech_Male> end up with some <SpeakerChange> deals. Yeah, <Speech_Male> yeah. It's <Speech_Male> true. So <Speech_Male> we'll keep an eye on <Speech_Male> things. We're <Speech_Male> going to continue <Speech_Male> to track the <Speech_Male> San Diego real estate market <Speech_Male> in Southern California <Speech_Male> going into <Speech_Male> next year. <Speech_Male> We're excited for <Speech_Male> 2023. <Speech_Male> <Speech_Male> From a standpoint <Speech_Male> of property <Speech_Male> management, apartment <Speech_Male> sales, things <Speech_Male> like that, we've done <Speech_Male> very well over <Speech_Male> the last couple of years. <Speech_Male> It's been very <Speech_Male> interesting. <Speech_Male> I feel <Speech_Male> like this will be <Speech_Male> the real year that <Speech_Male> we're out of kind of <Speech_Male> the pandemic. <Speech_Male> <Speech_Male> <Speech_Male> <SpeakerChange> <Speech_Female> <Speech_Female> I bought a calendar. <Speech_Female> I'm not bought <Speech_Female> a calendar since 2019. <Speech_Male> <Speech_Male> Yeah. There you go. <Speech_Female> <Speech_Female> <Speech_Female> The idea <Speech_Female> of actually <SpeakerChange> planning. <Speech_Male> Planning. Yeah. <Speech_Male> Right. <Speech_Male> And you know, we're <Speech_Male> going to spend some more <Speech_Male> time planning our <Speech_Male> business now and what <Speech_Male> we need to do. We have <Speech_Male> some catch up to do <Speech_Male> too. There's <Speech_Male> catch up that <Speech_Male> just <Speech_Male> from a standpoint of <Speech_Male> getting into units <Speech_Male> and things like that. <Speech_Male> So it's an <Speech_Male> interesting time right <Speech_Male> now. And hopefully <Speech_Male> everybody has <Speech_Male> a great <Speech_Male> new year, a happy new <Speech_Male> year. 2023 <Speech_Male> ends up <Speech_Male> being more <Speech_Male> prosperous than people <Speech_Male> are expecting. <Speech_Male> I think there's going to <Speech_Male> be some <Speech_Male> cracks here and <Speech_Male> there. But <Speech_Male> I think this will be temporary. <Speech_Male> I think some of <Speech_Male> this money that was printed <Speech_Male> over the pandemic <Speech_Male> period <Speech_Male> will end up getting kind of <Speech_Male> soaked up and we'll <Speech_Male> see how <Speech_Male> the government kind of handles <Speech_Male> things and what that <Speech_Male> does to inflation, <Speech_Male> how the fed <Speech_Male> interprets <Speech_Male> that and hopefully <Speech_Male> it <Speech_Male> sounds like we're going to have <Speech_Male> a slower <Speech_Male> increase and <Speech_Male> it sounds like it's going to <Speech_Male> be 25 basis <Speech_Male> points per quarter. <Speech_Male> So <Speech_Male> there could be <Speech_Male> still <Speech_Male> some room <Speech_Male> to expand <Speech_Male> interest rates, <Speech_Male> <Speech_Male> maybe another <Speech_Male> point, <Speech_Male> but it won't <Speech_Male> be <Speech_Male> <Speech_Male> near, <Speech_Male> I think, <Speech_Male> as <Speech_Male> <Speech_Male> unpredictable <Speech_Male> as it was <Speech_Male> over this <Speech_Male> past year. Exactly. <Speech_Male> So hopefully that's kind of <Speech_Male> baked into things now <Speech_Male> and we see a <Speech_Male> little bit more of a <Speech_Male> stabilization. <Speech_Male> Happy new <Speech_Male> year to everyone. Thanks for <Speech_Male> listening. This is a Southern <Speech_Male> California <SpeakerChange> real estate <Speech_Male> report.
"southern california" Discussed on Southern California Real Estate Report
"Today, on the Southern California real estate report. Home prices in San Diego take a dip. Stay tuned. Thank you. Thank you.
"southern california" Discussed on Southern California Real Estate Report
"Today, on the Southern California real estate report. Let's talk about recreation. Stay tuned. Thank you. Good morning, welcome to Southern California real estate report. This is bob McGuire and Daniel wise coming to you from San Diego, California. Exciting news to big projects in north county that center around basically recreation, right?
"southern california" Discussed on Southern California Real Estate Report
"Today, on the Southern California real estate report, we talk about which real estate markets will fare well in a recession. Stay tuned. Good morning welcome to the Southern California real estate report. This is bob McGuire and Daniel wise coming to you from San Diego, California. So once again in the news,.
"southern california" Discussed on Southern California Real Estate Report
"And that's a 15% increase from last year this time. You know, this is pretty unbelievable. You have lived in San Diego for a long time. I've lived in San Diego for a long time. And both of us obviously have been exposed to different sides of the real estate market and things like that. I've never seen this kind of velocity in the market. As far as just increases rent and prices and everything else. So this has been something else. I know being from LA, you know, you and I talked many years ago about LA and LA was really expensive like 5 years ago. It seems like LA has kind of tapered off and is slowing down. I think San Francisco is too. I still look at all these new jobs that are going to be coming to San Diego. And these are pretty high paying jobs. And what that's going to do to our rents and to our inventory. We are totally under inventoried on rental properties and as this woman says from the association of realtors, I mean, she's not seeing really any pricing declines coming in the future. We'll see. I mean, obviously this is all speculation to some degree. But there really is a shortage of housing in our market and now we're feeling this supply and demand pain. Yeah, I agree. It is. You know, it's been, it's been coming. Yeah. It's been coming in, you know, like I said, we've seen other markets. I remember specifically like LA and how fast their rents increased between, let's say, probably between 2016 and 2018. It seemed like rents were going, I mean, people were moving from Santa Monica way across the four O 5 and still paying three grand a month for a one bedroom. You knew that rents were moving fast. So and I know you've talked to me about your brother having trouble finding a place and it's tough, you know? And now San Diego is definitely following suit. So Southern California is just, it's hard to live here and it's expensive. Thanks for listening today. This has been the Southern California real estate report. Talk to you next week. Thank you. Thank you..
"southern california" Discussed on Southern California Real Estate Report
"Today, on the Southern California real estate report, we talk about interest rates and the housing market and the rental market and a lot more stay tuned. Thank you. Good morning, welcome to Southern California real estate report. This is bob McGuire and Daniel wise coming to you from San Diego, California. So once again in the news interest rates, interest rates continue on this just terror, right? And everyone's freaking out because..
"southern california" Discussed on Southern California Real Estate Report
"Today, on the Southern California real estate report, what's going on with the airport transit center? Stay tuned. Thank you. Thank you. Good morning, welcome to Southern California real estate report. This is bob McGuire and Daniel wise coming to you from San Diego, California. Okay, so kind of an interesting article..
"southern california" Discussed on Southern California Real Estate Report
"But then you combine that with the fact that there's also issues of having a process within the cities to pull a permit in a timely fashion. We are doing a reconstruction job on a building that has a residential component and we've been working on that for a year. So all of this stuff, this so like the pandemic created like the perfect storm, right? Where everything got hit at once. So this is going to be very interesting to watch. My question is, is what is going to be the thing that gets us out of this? I mean, interest rates have to go up. But how is that going to affect inventory? I mean, how do we get back to a balanced inventory? The inventory is so beaten down in the country. I mean, we're 300,000 homes behind. My point is, I don't think this is going to end any time soon. It's kind of like San Diego. You know, our market you and I have talked about this. How many times with especially on our podcast where, you know, the city is like, well, we're 10,000 units behind. We're just, I think it's going to go on for a long time. I completely agree. And I think it's something that we should talk about and additional podcasts. Yeah, for sure. So we'll keep you posted on this. This is going to be an interesting topic. And if you're in the market to buy a house, we're sorry to hear that because it's going to be really difficult. So hang in there and keep making offers. Thanks for listening today. This is Southern California real estate report..
"southern california" Discussed on Southern California Real Estate Report
"Today, on the Southern California real estate report, we talk about the end of the year and what to expect for 2022. Stay tuned. Good morning, welcome to Southern California real estate report. This is bob McGuire and Daniel wise coming to you from San Diego, California. So hey, it's the end of the year. And this is kind of our signing off podcast for 2022. 2021. For excuse me, 2021 and going into 2022. Exactly. Excuse me. So it's been one of those weeks. Two will be a better year. Real.
"southern california" Discussed on Southern California Real Estate Report
"Today on the southern california real estate report we talked about news. Zony rules state. Good morning southern california real estate report. This is bob. Mcguire daniel wise coming to you from san diego california so Kind of big news in the housing worlds right so governor newsom survived the the recall effort right. There was a recall effort for the governor of california for those of you. That aren't from california. We're not even going to comment on it. It's it was all now. Who knows what so that. It's not real estate related. So yeah it's not. It's not part of the conversation but he came out right after that and signed to pretty historic housing bills so the first one was senate bill number nine and literally. I think this was the day after the recall it so it was september fourteenth that he signed these or i guess. The recall vote was on the fourteenth. Excuse me and he signed him like the next day. So housing was obviously. There's been a big discussion about that housing in california is it's always one of the things that's consent can consistently on our radar. Something that we get asked about the most. You know what's going to happen with rants what's going to happen with housing costs and so these two bills are pretty interesting. So the first one is senate bill nine and this bill allows homeowners now to split a single family lot and to build duplexes all the way up to actually to to do to duplexes zone you can take. Sf are lot and split it into four units on it so that's interesting and then Then senate bill number. Ten and that measure creates a streamline zoning process to allow developers to build up to ten market rate multifamily units that are near transit or urban infill neighborhoods. So that's really exciting. So if you're somebody that lives in a larger city san diego los angeles san francisco cities like that. There is now a more open and friendly zoning process. I think you and i've talked about this. We kind of have mixed feelings about it right. Yeah i mean like you need my housing. You'd need more housing. Ideally i don't want an apartment building built thanks to my house. I wouldn't like that. I don't think anyone really wants that. I think that in areas where maybe there's been some changes or if there's been some right away changes like with the freeways with the transit with things like that i think this is a way to reclaim some of those residential sites that get maybe purchased. Or it's a it's a it's a taking or they do it in a way that that homeowner and maybe doesn't get any kind of compensation it's just because it was part of the public right away to start with those are good ways to reclaim that real estate into multifamily housing which it probably should be and that's another thing it's transit oriented so you know how but one bill is number ten is translated. Yeah i never tennis transit us the bigger one. Yeah that's the bigger one that would be multifamily right. The the sf are one is kind of interesting. That's that's going to four units and you know it's the same thing i mean it'll be interesting to see how this all shakes out. Yeah i mean look i have neighborhoods here north park. You know normal heights. This is very normal. There are tons of single family. Residential mixed in with multi unit apartment buildings and smaller duplex four plex or for unit properties. That are all over the place. Exactly i i don't think in those neighborhoods..
"southern california" Discussed on Southern California Real Estate Report
"Today on the southern california real estate report. We talk about todd. Gloria housing plan stadium morning. Welcome to southern california real estate report. This is bob. Mcguire daniel wise coming to you from san diego california so one of the big issues here in san diego and we've talked about it a lot of times on our podcast and it's.
"southern california" Discussed on Southern California Real Estate Report
"Today on the southern california real estate report we talk about. Rents stay tuned. good morning. Welcome to southern california real estate report. This is bob mcguire. Daniel wise coming to you from san diego california once again in the news post..
"southern california" Discussed on Southern California Real Estate Report
"Post pandemic things happening in the real estate world and probably one of the biggest things or at least one of the biggest changes that we've seen and we it's interesting because we have the weather for it but the dining regulations for outdoor dining regulations or being extended right. And i think that's a good thing. So they're gonna so. The city council has voted eight two eight zero to extend the street permits until july. Twenty second for all the outside dining so all the or excuse me twenty twenty two july thousand twenty two. So all of the Outside dining areas that you see set up. They're going to leave that setup for the next year a little over a year and i think it's great. I i agree. I mean i i've eaten indoors now Being vaccinated. I feel pretty comfortable with it but i also rather eat outside and if i had the choice typically i would choose outdoor dining at this point just because we are living in san diego and What why would you wanna be in a crowded indoor space. I mean even though. I know they're not full capacity inside. I mean it's typically it's nice weather sun doesn't go down till almost eight anyways it's It's easy to eat outside. And if they have good if they have nice options. I think that one thing that you have to think about what this outdoor dining is. These people have spent a lot of money. Maybe a little too much money building really nice dining experiences outdoors. So they're not like you're just eating on the side of the street you really are. You're in a really kind of an environment. That's conducive to the restaurant.
"southern california" Discussed on Southern California Real Estate Report
"Where it's it's it's really crazy around southern california and just california in general so even the stories you hear of people migrating out of los angeles and san francisco those markets are still superheated to you know. So you're telling me think about your brother or somebody. That was looking at a house that i mean it was ridiculous or wasn't it a friend of yours that there was like multiple offense or it's just it's crazy right now. Even you know doesn't matter who you are. It's crazy and it's a matter what price point you're at it's dogfights interesting part about this is that it's a it's a it's a dogfight at any price point so maybe when colbrad starts to really come to an end if and people start moving around there's more inventory that hope you know i feel. I feel bad for people that are trying to get into homes right now. Yeah it's it's a lot of work it's a lot of time and it is it. Is it's frustrating. We're i mean we're we're in the process of getting ready to accept offers on property that we're selling and we've we've gotten six offers right in like four days property two years ago you probably would waited thirty days to finally do something exactly so. Let's even tight. Yeah yeah home. Thirty days i know and now we're seeing like all cash close in fifteen days. You know crazy things like that waving appraisal contingencies. You know just just crazy stuff. So it's like you know the thing that worries me is the frenzy of out. People making emotional decisions like that. And here we go again. Overpaying for real estate. It's not a very wise business decision to go out and make an offer on a home like that and let's your dang sure you're saying it for the next thirty years i mean i just or you're keeping it forever because you you're you're in it at beyond what it's worth so which is kind of crazy so but you know we'll see what happens this. This summer is going to be interesting. So we'll keep an eye on the housing market. Thanks for listening today..
"southern california" Discussed on Southern California Real Estate Report
"Today on the southern california real estate report we talk about amazon's new facility. Stay tune good morning. Welcome to southern california real estate report. This is bob..
"southern california" Discussed on Southern California Real Estate Report
"Today on the southern california real estate report the housing market will remain competitive state. Tim happy new year. Welcome to the southern california real estate report. This is bob. Mcguire daniel wise coming to you from san diego california first podcast of the year. I pressed cassidy. And.