Episode Transcript
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Speaker 1 (00:00):
This financial titan. This is the Boomberg Money Minutes on
seven hundred wl W.
Speaker 2 (00:06):
All right, we say good morning to Gina Savetti from
the Bloomberg newsroom in New York City. One of the
major chain pizza restaurants. Gina continues to fall behind its competitors.
Speaker 1 (00:17):
Yeah, Tom, good morning.
Speaker 3 (00:18):
This is Pizza Hut. Everyone seems to have their favorite
when it comes to pizza. It's a very competitive business,
and Pizza Hut has fallen behind. Now its owner Young
Brands is reviewing its options for the struggling chain. Pizza
Hut has underperformed others as competitors turn more and more
to promotions. Domino's and Papa John's both reported growth in
(00:39):
their North American businesses and their most recent earnings reports,
but Pizza Hut has reported seven straight quarterly declines.
Speaker 1 (00:47):
Tom. Okay.
Speaker 2 (00:48):
Meanwhile, Uber, on the other hand, firing on all cylinders,
just had a strong quarter.
Speaker 1 (00:55):
Yeah.
Speaker 3 (00:55):
Recently we talked about Kroger expanding a partnership with Uber,
and today they were hearing from Uber that its efforts
to offer a broader range of services appears to be
paying off. It seems like they delivered just about anything
now and Uber just posted its strongest quarterly growth in
a couple of years. Customers ordered more rides and deliveries
than expected.
Speaker 1 (01:16):
Tom, all right, and the futures this morning, Gina, Well.
Speaker 3 (01:20):
They're still well into the red here. Sure looks like
a lower open today. Dow futures down almost three hundred points,
SMP futures down seventy, Nasdaq futures down three hundred and
fifty five from Bloomberg. Gena Cervetti on News Radio seven
hundred WLW.
Speaker 1 (01:36):
Alrighty, it's eight ten.
Speaker 2 (01:38):
It is election day all across this great country of ours,
and of course here in Cincinnati there are twenty six
individuals running for what would be nine city council seats.
Eight of the nine current city council members are running
for reelection, and of course it's a mayor decision day
(02:01):
today where the incumbent have to have pure ball, is
running against our guest who joins us now, the Republican
challenger for Cincinnati Mayor, Corey Bowman. Corey, I'd imagine you
got a bright and early start today. What's your day
like today?
Speaker 4 (02:19):
Tom? Well, first off, thank you so much for having
me to you and your listeners. We are at Salem
Park Rec Center this morning. We've been here since the
polls open at six point thirty. I've been here with
Christopher smith Man, my good friend out here running for
city council, and we've seen such amazing energy out here.
But we're just getting the day started.
Speaker 1 (02:38):
You know, I got to ask you.
Speaker 2 (02:39):
I mean, look, this isn't something you haven't been asked before,
Corey Bowman, any Republican, not just you, any Republican.
Speaker 1 (02:46):
It's not just a hill.
Speaker 2 (02:47):
It's a mountain to climb in not only Cincinnati, but
virtually every urban city in America today.
Speaker 1 (02:57):
Has there ever been a point in.
Speaker 2 (02:58):
Time as you've gone through the US where you're like, man,
am I beating my head against the wall at all?
Speaker 4 (03:05):
Well, it definitely has been an uphill climb. And you
said that it's a mountain. But you know, last time
I checked in the Bible, it says that we speak
to mountains, we're not afraid of them. Yeah, And we
love our we love our city and we are a
part of Cincinnati from a business perspective, from being pastors.
I'm raising my kids in the city, and this is
something that we care about deeply. And when we saw
(03:26):
what was happening the last four years specifically, we just
knew we couldn't sit by, and I will be honest,
at the beginning of the year, I just thought that
it was going to be a statement. But the momentum
this year has been unbelievable. People are waking up on
both sides of the aisle and saying, we've got to
vote outside of our comfort zone if we want to
be able to see change in our city, and we're
(03:47):
going to see amazing results today.
Speaker 2 (03:49):
What where do you see that? I mean, what kind
of what? What can you share with us? Maybe interactions
with some voters and maybe they're like, hey, I've always
voted Democrat, so on and so forth. I feel like
things are not going the direction I want them to go.
Share with us, you know, some of those interactions you've
had now that we finally arrived on election day.
Speaker 4 (04:09):
Yeah, well, I think what I'm hearing from the voter
is that they're tired of national politics being copy and
pasted into city hall. I see it as your glorified custodians.
When you're there, you're making sure that the money is
spent properly, You're making sure that the streets are clean,
taken care of and you're making sure that the streets
are safe through crime prevention. And that's not what we're
(04:30):
seeing with the city. So when you talk to people,
we don't start with I'm red, you're blue, I'm right,
you're left. We start with, Hey, this is our experience
in the city. What are we going to do about it?
And a lot of these conclusions that we come to
don't really have anything to do with the national political stage.
It has to do with just caring for the citizens
of Cincinnati. I've talked with Democrats, I've talked with independence
(04:53):
like my friend Christophers Smithment that's out here with me today.
I've talked with Republicans, and all of them see it
as we've got to get back to the basics of
taking care of our public services, our public safety, and
making sure that it's not just a political stage for
a higher up office.
Speaker 2 (05:10):
Give me an example, We'll give our listeners an example,
Corey Bowman, of something that you could do if you
were elected today as the next mayor of Cincinnati. What
would be let let's start with crime. What would be
the first or second or third things that you would
do to try and write this ship because it definitely
(05:30):
needs a new direction.
Speaker 4 (05:33):
Yeah, so you got to see it from long term
solutions and short term solutions, and the long term what
we're seeing on our streets right now has been the
culmination of bad policies when it comes to lack judges,
when it comes to understaffing with the police department, and
when it comes to their hands being tied when it
comes to enforcing even low level and preventative crimes. From
(05:55):
the top down, they're seeing that from city Hall that hey,
you can't really enforce this, you can't really do this,
and a lot of these are de escalation tactics. So
from the start, you've got to start it off with
we've got to increase our staffing. We've got to increase
lateral hiring to make sure that our complement levels are up.
We've got to make sure our officers feel secure in
doing their job and that they're going to have the
(06:17):
full backing of city Hall. And then you've got to
put pressure on the judges to be able to hold
criminals accountable. Now, in the short term, we just saw
a lot yesterday that Ohio State Patrol and our package
was on the city streets yesterday. But that is one
of only a couple of days that is accepted throughout
the month. We need to accept the full package from
(06:40):
the Governor's office. Because I talked with public safety representatives,
we could have easily asked for help on Friday, Saturday,
and Sunday of this past weekend in Cincinnati. It's a
busy weekend, Halloween weekend. We have Bengals games going on.
We should have had help to bring our compliment levels
up to help our officers. Such help was actually accepted
(07:02):
by the city and because that we saw shootings and
crime happen at record rates throughout the weekend.
Speaker 2 (07:08):
You know, I got to you know this story, and
Scott Sloan is going to have the fellow on who
wishes to remain anonymous. But I know you heard this
story and you probably see it all the time because
you know, you live in the area right not too
far from OTR where this gentleman goes out. He wants
to take some video early on Sunday morning showing some
(07:29):
of the crimes or some of the trash, some of
the debris that's left around from this privy bar. And
they find a handgun, and they find a bunch of
blood on the street. And you're sitting there saying to yourself,
how is this going on? It seems like a lot recently,
Corey Bowman has been about politics in the town, and
(07:50):
yet the mayor's office has said, we never make any
decisions around here based on an election or politics.
Speaker 4 (07:57):
Well, that's all I'm hearing from the officers. The officers
that come into my coffee shop on a daily basis
say that all they deal with is political decisions from
the top down, and they just want to be able
to do their job. Republican cops, Democrat cops, independent cops,
doesn't matter. They want to just be able to do
their job. Now, one thing you got to see with
this is that that video of showing the debris and
(08:20):
to show what was happening on the street. Any department
that is twenty percent understaffed is going to feel like
they're drowning with all the stuff that's happening in our city.
So I think that needs to be the emphasis right now.
It cannot just be emphasized during an election year. You're
seeing a lot of promises happening right now, but where
has this been for the past four years? So I'm
(08:41):
tired of people being in city Hall and elected offices,
and they only show up during election years. We've got
to hit the ground running from day one to be
able to help these situations become better in our city.
Speaker 2 (08:53):
All right, let me ask you this, how can a
Republican mayor work with what is certainly going to be
a slanted to the Democratic side. How much we don't know,
we'll find out later today. Christopher Smitherman, as you mentioned,
you're with him this morning. He's running as an independent,
certainly leans a little bit to the right. But how
(09:14):
can theoretically you as a Republican mayor work with a
democratically controlled city hall.
Speaker 4 (09:23):
Well, one thing is I would emphasize that there, like
you said, there's twenty six council candidates, and many of
them are great conservative and more moderate candidates, which is
exactly what we need. You know, you have Liz Keating,
you have Gary Favors, when the Matthews, you have great
people that are running for city council, even from the
Charter rights, you have Steve Gooden. If we can get
strong council members in I'm not intimidated by working with Democrats,
(09:48):
to be honest with you, Sometimes I even feel like
an old school seventies Democrat based on some of the
things that we stand for, but a lot of the
things have switched in the last years to where we've
lost sight of just helping people and we've offt sight
of just practical things. So whenever I have these conversations
with people on both aisle, both sides of the aisle,
(10:08):
we're actually able to have great conversations and we're able
to find common ground. And I think that if we
elect people that put people over politics, we're not going
to have a problem working together. We're actually going to
find solutions together to be able to bring our city up.
Speaker 2 (10:24):
Corey, want to thank you for your time. I know
it's a very busy day for you, big day for you.
We wish you well and thank you so much for
taking a few minutes out of your morning to join
us here on the Morning Show.
Speaker 4 (10:34):
Tom. It's an honor being on with you and your listeners.
Thank you all so much, and everybody get out and vote, vote.
Speaker 1 (10:39):
Vote, all right.
Speaker 2 (10:40):
That is Corey Bowman, the Republican challenger to have tab
pure ball and trying to become the next mayor of Cincinnati.
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(11:03):
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(11:26):
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(11:51):
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Speaker 5 (12:12):
Flocky. The Bengals right now statistically have a defense that's
trending toward being the worst in the history of the
National Football League. Yet Zach Taylor says he has faith
and trust in Al Golden, so those staff changes are imminent.
I can't even believe I'm saying that. What options right
now do the Bengals have on defense?
Speaker 6 (12:32):
Of course, not a ton of great options here during
this season. Now, you could look to, you know, just
on a whole team level, we could look to trade somebody.
But who are you going to trade? You know, is
Trey Hendrickson your most valuable piece? What are you gonna
get from him? Right? I don't see that. I guess
you can't just keep rolling out the same guys for
another reason than perception, right, and just how that looks?
(12:55):
I mean, at some point, don't you just just search
the waiver wire, bring new guy in for workouts every Monday,
and just try to see if you can catch a
diamond in the rough.
Speaker 1 (13:05):
They gotta do something, don't they know.
Speaker 6 (13:07):
Yeah, none of these options I've described are good ones.
I'm just saying, you gotta do something. You can't just
keep rolling the same cast of characters out.
Speaker 5 (13:14):
I'll be okay if they called you at this point, Yes,
I'll take anything. Try putting a twelfth guy on the field.
Try putting a thirteenth guy in the.
Speaker 1 (13:20):
Field if they catch it.
Speaker 5 (13:21):
On one hand, I feel bad for Al Golden, who.
I mean, look, the work he has done in college
has spoken for itself. But at the end of the day,
he took this job, and it's it's not like we're
asking for them to be the two thousand Ravens. We're
asking them for them to be slightly better than the
worst defense in the history of the sport. And so
(13:41):
far he seems incapable of doing that.
Speaker 6 (13:43):
I agree, And I feel like at some point it,
you know, comes down to effort too. And I mean,
and if you're him and you see one one rep
of a guy where he's not sticking his head in there,
and he's not playing aggressive, he's not looking like he
wants to, you know, use proper fundamentals and make a tackle.
He's got to go at some point, some example has
got to be said that this is not acceptable, and
(14:06):
hopefully he's the guy that can do that.
Speaker 1 (14:09):
Bengals don't play this weekend.
Speaker 5 (14:10):
We'll see how many points the Bengals managed to give
up during their buy. Then they're back on the field
against the Pittsburgh Steelers a week from Sunday. That game
we'll kick off at one and you'll hear Alive on
seven hundred WLW with Rocky Boyman.
Speaker 1 (14:21):
I'm muwager, I want to live questions.
Speaker 4 (14:24):
Is the Bloomberg money Minute on seven hundred WLW.
Speaker 7 (14:28):
This is a Bloomberg money minute. Starbucks is looking to
improve its fortunes in China and hoping a local partner
will help. The coffee chain has agreed to sell a
majority stake and it's China business to a Chinese private
equity firm. Starbucks has been searching for a partner to
help chart its next chapter in that nation. Starbucks has
struggled in recent years, along with other Western companies that
(14:50):
have lost ground to local rivals.
Speaker 8 (14:52):
It's looking like a.
Speaker 7 (14:53):
Rough day on Wall Street. Stocks are seeing losses this morning,
with SMP futures down around one percent. Keep in mind
that's stuff have served more than thirty five percent since April,
and the fight between YouTube and Disney over distribution fees
continues to drag on YouTube TV rejected Disney's request to
restore ABC to the online TV service this election day.
(15:14):
YouTube says adding back the channel for the day might
confused subscribers. YouTube TV customers lost access to Disney channels
such as ABC, ESPN, and FX on October thirty, first
Coordney Donahoe, Bloomberg Radio.
Speaker 2 (15:30):
Hight eight thirty eight on The Big One Welcome to
the Morning Show, seven hundred WLW. We talk about it
all the time, the immense popularity of this segment. We
do it every single Tuesday with former United States Olympia
Julie Isfording, born and raised Cincinnati Gal. As we like
to say, I hope you're okay. You okay with be
referring to you as the Cincinnati Gal. Julie Isfording.
Speaker 8 (15:54):
Yeah, I love the Cincinnati part.
Speaker 1 (15:56):
That's not crazy about Gal.
Speaker 8 (15:59):
I don't know, it's okay, okay. At least I get
to talk to you every Tuesday.
Speaker 1 (16:04):
Right. Well, that's the lucky me.
Speaker 2 (16:07):
Lucky me too, lucky me because every time I talk
to you every Tuesday. You joining us this time. There's
a good chance I'm not getting enough sleep.
Speaker 8 (16:17):
Yeah, that was a big It's a huge topic. It's
maybe the number one topic in America if you do
all your research. We're chronically sleep deprived. It's like a crisis.
You wonder why everyone's so angry and tired. We're just
not sleeping enough. And there's so many reasons for it.
(16:38):
You know, we've trained our brains to be alert twenty
four to seven. We're always on thanks to smartphones and
constant notifications. And how about just one more episode of
streaming and think about the stress We're under. Financial worries,
job pressure, parenting, a lot of uncertainty right now, and
(16:59):
so that's the body's stress response. So we're really really
like just on high alert.
Speaker 2 (17:06):
All right, Love, I want to ask you this. I
want to ask you this though, because when you know,
when I knew that I was having the opportunity, thank
God for it, to take this job, it was going
to require basically a one point eighty from my prior life,
working nights, going to bed at twelve thirty one o'clock
(17:29):
in the morning every night, because you got a ballgame,
it goes to eleven o'clock and maybe I'd get up
at seven, but I was still getting seven plus hours
of sleep a night, okay. And one of the things
that I researched were people who were sleeping less than
what we're told we should get, and.
Speaker 1 (17:50):
There are a lot of them out there. I guess
what I'm asking.
Speaker 2 (17:52):
You, in a very long winded way forgive me, is
I guess each of us are bodies. Will it ultimately
tell us if we're getting enough sleep? Or or do
we not even know it and we just continue to
keep on keeping on.
Speaker 8 (18:09):
God, that's a great question. It's kind of like what
happens when we don't get enough sleep. You ever notice
like you have brain fog, you're just like not with it,
or every your food goes down. How about a lot
of people gain weight. I mean, you're waking. Might not
be because you're eating more, It's because you're not getting
(18:31):
enough sleep, so your hunger hormones kick in. You don't
want to exercise, you don't have the energy. All your
energy is being used to keep you awake during the day.
And then you know, Tom, you know what I think
is the worst, like the saddest part of not getting
enough sleep, you're living half your life. You miss the
(18:52):
small stuff, the little miracles during the day. You know
that opportunity to say something great to your kids or
extend to kindness, or you don't hear that compliment coming
your way, or you had this wonderful opportunity to thank
someone and you just weren't there. It's like you've lost
(19:12):
your spirit. And I think that's the hardest one for
me or I you know, I'm not with it during
the day, or like this radio show, I always try
to get a little more sleep, you know, on Monday night,
because I want to do well. I want to say
the right thing at the right time. I want to
be with it. So to me, that's the hardest part.
(19:35):
But you know, we always talk about how do we
get fit, how do we exercise, how do we I
think sometimes we have to do just sleep more. And
it sounds funny right to say do nothing, Like for
us we think sleep is nothing, but it's probably one
of the most important things you ever do. And people
(19:55):
argue with me. They always say, well, I stay up
late because it's the only meat time I get, so
I scrolled, Yeah, And people scroll and snack or binge
just to reclaim control over their life. Where you know,
it's just like when we are kids, and you know
you got your kids in early to read them a
bedtime story. So can we go back to that. Yeah,
(20:17):
you know that way, Like you know, then everything's a
little bit easier in life. That email that wasn't meant
to really hurt hurt you, You don't take personally, that
traffic jam doesn't become a huge crisis. Can you see how,
like everything, when you don't get toughleep, everything seems so
(20:38):
much harder.
Speaker 2 (20:40):
Well, I think you hit the nail on the head
about about uh, you know, we hear all the time
and I look, I've been the first guy to kind
of roll my eyes at that term being present, Right,
I mean, guilty is charged, But I mean the older
we get and you really take a step back and
you say, you know what that is really really something
(21:02):
that that's got to be maybe in the top three
things we do every single day, whether it's with our family,
our wives, our husbands, our kids, our significant other, or
are the people we work with being present and when
you're tired, as you just pointed out, you're really not
present a lot.
Speaker 8 (21:22):
Yeah, it's really kind of sad because you know, they
always say, it's not the starter or the finish, it's
the company you keep during your lifetime. It's that. But
you're going to miss it. You're definitely going to miss
the small miracles in your life if you're sleep deprived,
and don't you love the people say, oh, I only
need six hours of sleep And I'm thinking, yeah, you're
(21:44):
the one that falls asleep in church and you need
a therapist, and you know so I'm always saying, I
wonder what you would be like with seven hours of
sleep or six and a half hours of sleep. So
you just never know how great, how outrageously one for
you can be until you really think about how you
could get just fifteen more minutes of sleep or twenty,
(22:07):
or just get that a little earlier. But you nailed
it on the head. I mean, what a great motivation
to know that if you get a little more sleep,
your resilience and your wisdom and your hope and your
joy and you're happy will be exponentially better. I mean,
if you have more sleep, you're happier and you don't
(22:29):
want your happy to go away?
Speaker 2 (22:31):
Can you make that up? Can you make that up?
Julian naps. I know you love naps. You talk about
it on a regular basis. Can you make up if
you're only getting five or six hours of sleep and
not for various reasons whatever they might be, maybe working
two jobs, maybe you know you got all kinds of
things going on. Do naps help?
Speaker 8 (22:53):
I think naps are more important than exercise. I think
naps are more important than a hand say much. I
mean a lot of times we're really not hungry, just
need to lay down. And if you read all the research,
you really can get a twenty minute nap and you know,
just rest your eyes, just a little downtime can make
(23:14):
such a difference in your life. It's hard, though, you know,
once you're on, you're on, and you have so many
demands and you don't want to miss anything. You know,
we're supposed to be super women and supermen, now super parents,
super exercisers, and I think we have to kind of
change the filter and just be good people. And good
(23:37):
people need to rest and once we realize that it's okay,
sometimes we treat it like a luxury when it's really
a medical necessity. My favorite doctor, doctor Barrett, always says
a good laugh and a good nap is the best.
Speaker 1 (23:53):
Medicine out there.
Speaker 8 (23:56):
And if you think about it, it's free again all
the really we've complicated life, and you know, see what
you can solve just by a good night's rest. You'll
feel smarter, you'll feel happier. So you know, I'm just
a big fan of it. And and I think you've
(24:16):
been touched on some stuff yesterday on your show. If
you don't get enough sleep, it leads to really serious
medical issues, car problems, strokes, car crashes because you're not alert.
You know the in weight gain. These are serious medical issues.
Speaker 2 (24:37):
So it's nothing to fool with at the end of
the day. And look, whether this is an exact science
or not, I don't know. Maybe you do know at
the end of the day. How much sleep at night
do we really need? Or is that different depending on
the person you think?
Speaker 8 (24:56):
You know, it's seasonal. I think you know when you're
really young, your kids need a lot of sleep. You'll
notice they're they're smarter, they're better in sports, they're better
at school. When they've had good nine ten hours of sleep.
You can get away with as you you know, dur
when you're like twenties and thirties. You know they say
(25:17):
seven hours or so. As you age, though, you do
need a little more sleep, and you got to capture it.
You have to be responsible, you got to plan it.
But as you get older and older, sleep exponentially gives
you back your life. It makes you more alert, it
makes you happier, and you know, that's a wonderful way
(25:38):
to live your life. When you're fully there, you don't
miss out, you don't lose your spirit. So you're right.
It changes males females age what and you know, if
you're a high level athlete, you need more sleep, so
it just waivers. You can't give like a really a
really good like on that. But I think the most
(26:02):
important thing, Tom is you know yourself better than anyone.
You know when you're when you've lost your patience, you're
starting to be angry, you're not exercise anymore, you feel dumb.
Speaker 1 (26:14):
You actually yeah, no doubt about it.
Speaker 8 (26:16):
And you know, you start reflecting and you realize your
thoughts are all negative and you're worrying more. It might
just be the fact that you're you haven't gotten enough sleep.
Speaker 2 (26:30):
So well that in mind, I got to go home
and take a nap after the show today, I was wondering.
Speaker 8 (26:37):
What do you do to get sleep because you have
to get up at the krack of dawn? Do you
take a nap? Yeah?
Speaker 2 (26:42):
I try to take about a forty five minute nap
hour nap every single day. You know, I basically have
like two full time days. So I get up at
three oh seven, I'm here by three p forty, Okay,
I get off at nine. I'll immediately go exercise as
soon as I get off, and then I'll go home
(27:04):
and hopefully take about an hour nap from roughly about
eleven thirty to twelve thirty, and then I start a
whole new day.
Speaker 1 (27:13):
So it's not too shabby.
Speaker 8 (27:15):
Yeah, and that's why you're so nice, and.
Speaker 1 (27:18):
Please please stop, just stop stop.
Speaker 8 (27:23):
Like how you've made your adjustment and then on the
weekend you're doing games, so you've taught yourself. You've really
planned it out. And I think that's the most important
thing too, is you know how serious it is. And
you definitely make a part of your day to find
a way to get seven to eight hours.
Speaker 2 (27:42):
To sleep trying, but definitely not at night. Jules can't
thank you enough as always for your time. You're the
best I hope you have a great rest of your
day today.
Speaker 8 (27:53):
Thanks Tom.
Speaker 2 (27:53):
Okay, you know, before I get out of here today, Fellas,
I don't know about you. Maybe for a long time
you have had the perfect marriage, and I do believe
there is such a thing. But I believe in most
cases it's not always perfect. Not every day is perfect.
(28:18):
Speaking to the women out there too, I didn't get
married till I was thirty seven years old, and today
my wife Polly and I celebrate our twenty fifth wedding anniversary.
I told her last night, I wish i'd have married
(28:40):
her fifteen years before. Wish I would have known her
fifteen years before. There are many days through the last
twenty five years where I have been far from a
perfect husband, far from a great husband. But I thank
(29:02):
God multiple times a day for Polly Andette Rassi and
God bringing her into my life. I'm better with her,
I'm happier with her. I would marry her all over again.
(29:27):
A lot of people don't make it twenty five years.
There are a lot of people that have made it
a lot longer than twenty five years. But my heart
still skips a beat every time I see her, and Honey,
I know you're on your way to work, you're driving
in the car. You weren't expecting me to say this today,
(29:49):
but I love you more than anything in the world.
And I say thank you for the last twenty five years.
And I pray that this marriage lasts for all eternity.
Speaker 1 (30:01):
Research, education and support at Crons Collidesfoundation dot org.