Bay State Breakdown: Politics, Playoffs, and Profits

On today’s program, we speak with my nephew, Brian Shortsleeve, Republican candidate for governor in the state of Massachusetts. We also speak with Matt Stout political reporter for The Boston Globe about the governors race and other issues on Beacon Hill. In the second half of the program we start with Skip Perham program director at Suffolk University Sawyer school of management who lays out the cost of being in Boston sports fan these days and finally the executive editor of the Boston Business Journal,Doug Banks, brings us up-to-date on the top business stories of the week.

Episode Transcript

Speaker 1 (00:00):
This is the New England Business Report with Joe short
Sleeve and Kim Carragan, a weekly roundup and discussion of
the top business news impacting our New England economy.

Speaker 2 (00:09):
And good Sunday Morning from the New England Business Report.
Joe short Save Kim Carro can hear with you on
the Sunday of Memorial Day weekend? And Kim, how are
you surviving this Memorial Day weekend so far?

Speaker 3 (00:21):
Well, we have a house full of company, yeah, and
I'm wishing it was ninety degrees, but you know, we've
just got to take what we can get at.

Speaker 4 (00:27):
This stage of the game.

Speaker 2 (00:28):
I guess right, I guess we're moving in the right direction.
As best I can say.

Speaker 4 (00:33):
Is it looks like you about that nor'easter last week?

Speaker 5 (00:35):
Oh? Are you kidding me?

Speaker 2 (00:39):
The reason I bring that up because I'm on the
Cape on Monday trying to come home in the traffic tomorrow.
So I'm one of the knuckleheads that A is going
to be at the split in Brain Tree sitting there screaming.
But there is a story I saw about the more
people than ever will be traveling this Memorial Day, so
they'll all be at the Brain Tree split tomorrow four o'clock.

Speaker 3 (01:00):
I think forty five million they said would be traveling nationwide,
and I'd say about forty million of them.

Speaker 4 (01:05):
He's going to be there at the split.

Speaker 5 (01:06):
Yeah, that'll be it.

Speaker 2 (01:07):
I'll be one of them screaming, Hey, we have a
great program for you on this Sunday Memorial Day weekend.
We're going to talk a little politics. And Kim, I
know you know this. My nephew, Brian short Sleeve is
a candidate for governor. He's running out as a Republican.
He will join Mike Kanneely, who is also from the

(01:28):
Baker administration, and there'll be at least the two of
them in the Republican primary a year from this fall,
in twenty twenty six. Now, Brian again, he's my oldest brother,
oldest son, and I guess he's always wanted to do this.
He was the MBTA general manager in twenty sixteen. In
twenty seventeen. He's a former marine and he founded his

(01:50):
own tech company, M thirty three Growth.

Speaker 3 (01:54):
What say you, Kim, I say that he's got a
great resume, as does my Kanneely, and I think it's
going to be a tough race.

Speaker 4 (02:02):
Yeah, you know, I mean.

Speaker 3 (02:04):
Marik Keely has said that she is running, and we'll see,
you know, I think that, and I'm anxious to ask
Brian if he's prepared in this state to have the
White House, you know, sort of looming in the background,
because that certainly is a part of it.

Speaker 2 (02:20):
Yeah, you know, in Massachusetts they love the moderate Republicans,
and Brian was very close to Mitt Romney and Charlie Baker.
So we'll see, because that is not tew you would
describe the current White House. And then the second half
of the first half of the program that we're going
to talk with Matt Stout, Boston Globe political reporter, Government
reporter up there on Beacon Hill. He's going to talk

(02:41):
about the governor's race and the challenges they face, but
he can also talk about the mayor's race. He's going
to talk about this little piece of legislation up there
on Beacon Hill. I'll show you the Globe headline. State
Senate leaders slipped ten million dollars of taxpayers money from
the millionaire store attacks into pet projects.

Speaker 4 (02:58):
So they never let you down, Joe.

Speaker 2 (03:01):
They all right, Kim, and what do we have coming
up for us? The second half of the program.

Speaker 4 (03:06):
Well, Joe, it's a it's a good half hour.

Speaker 3 (03:09):
First off, I'm just wondering if people have any idea
how much money when they're a sports fan here in
the Boston area, how much money they spend to follow
their favorite sports teams.

Speaker 2 (03:21):
Well, I can tell you that I used to get
messing as part of my cable package and then they
got upgraded to a higher tier.

Speaker 5 (03:27):
Yes, and it was not cheap to bring it back.

Speaker 2 (03:30):
I'm like, I'm like, wow, okay, Yeah, I am a
Socks fan and I was a season ticket holder for many,
many years, so I'm stuck with the cost absolutely.

Speaker 3 (03:39):
Well, you know, starting next fall, if you're a Patriots fan,
the Patriots are going to be streaming in a lot
of places, and there are places that you're going to
have to have those streaming those streaming channels. So skip
parm He is a good friend of ours here and
he's the Sports Management Management program director and the marketing
instructor over there at Suffolk University. He's actually got this

(04:01):
broken down. You know, where you can find our teams
and what it's going to cost you, and folks, you know,
buckle in because I think you may be surprised it
costs you, and we're not talking about your heart ache,
by the way. And finally, Doug Banks, executive editor of
the BBJ, he's going to join us. He's going to
talk about some of those major headlines happening this week,

(04:21):
including the fact that population in the city is getting
very close to what it was pre pandemic, which is
so interesting. And TJX says, don't worry about the shelves,
We'll keep them stocked.

Speaker 5 (04:34):
And Kim, we also got a lesson in green cement.

Speaker 3 (04:36):
Right, what is it you might be asking, Doug has
all the answers.

Speaker 2 (04:42):
Yeah, if you've been wondering what green cement is, we
have the answer for you with Doug Banks. Okay, Well,
Kim and I were just talking about it. We're talking
about my nephew. Yes, my nephew. Brian Shortzen, my oldest brother,
Mike's oldest son, is a candidate for governor on the
Republican side. He'll be challenging right now Mike can Healy
and the Republican primary in the fall of twenty twenty

(05:03):
six Brian's a former marine. He was the MBTA general
manager in twenty sixteen. In twenty seventeen, he founded his
own company, M thirty three Growth, which is doing gangbusters.
They invest in tech firms and Brian is nice enough
to join us this morning. Brian, welcome to the program.
And look, pal, I know this has sort of been

(05:25):
knocking around in your head for a while, but why
why is Brian Shortsleeved doing this?

Speaker 6 (05:30):
Well, good, good morning, Joe, and kno if I'm a marine,
I'm a businessman, and I believe we need a businessman
in the corner office right now. Businessman like me. You know,
we live in the real world. We balance budgets, We
know how.

Speaker 7 (05:42):
To create jobs.

Speaker 6 (05:43):
I'll tell you. I'll tell you something that I even
I find stunning. If you look back to twenty twenty three,
over the last two and a half years, Massachusetts hasn't
created a single private sector job since January of twenty three.
In fact, we're down five thousand private sector jobs over
that period. That puts us down with Illinois in terms
of private sector job growth. We saw in Q one

(06:04):
of twenty five that are local GDP contracted at four
times the rate of the nation. And the reason for
that is slowing job growth. People are leaving, companies are leaving,
businesses are leaving. We've got to turn all that around,
and I believe the state needs a rescue mission. Can
take a marine to do it, and it can take
a businessman in the corner office to get the stake
growing again and get that private sector moving well.

Speaker 4 (06:23):
Brian, what does a rescue mission look like?

Speaker 6 (06:27):
Number One, we've got to cut taxes. You know, we've
got some of the highest taxes on business individuals in
the country. When I talk to small businesses, that's always
where they start. Taxes, fees, UI tax, which the unemployment insurance.
The second thing we've got to do is cut cut fees,
including all those state mandated fees you see on your
electricity bill. All of the growth in your electricity bill

(06:50):
over the past year has been those fees. It's not
the core price of electricity, it's a variety of state
mandated fees almost a billion and a half an advocate
Kim that should be running through the legislature. If those
are important legislative programs, the legislature should fund, and they
shouldn't be running through your bill because it's making this
state unaffordable for working families. It's making this state too

(07:10):
expensive for working class people to live in and the
result is five hundred people a week leaving Massachusetts. We
got to turn all that around.

Speaker 2 (07:18):
Talking with my nephew, Brian Shortsleave candidate for Republican candidate
for governor along with Mike Kinneely. So far, Brian tell
us about the first couple of weeks, how has it
been going. What's the reception been like? What about fundraising?

Speaker 6 (07:31):
Well, it's been tremendous. We've got a great response. I've
been traveled all over the state talking to voters and
talking to small business owners. We've got a great response.
On the fundraising side. We raised one hundred and thirty
five thousand dollars in our first day. I was really humbled.
I was really humbled by that support. That's more than that,
I believe, than my primary opponent raised in his first month.
So what I sense out there is a real desire

(07:52):
in this state for change. Massachusetts works better with balance.
This state has done really well when we have business
or to Republican governors like Bill Weld, Charlie Baker, and
nittt Romney. They can get the state move and the
other thing the governor needs to do, and Governor Shortzlee
would do on day one is get state spending under control.
You know, our state budget in Massachusetts is up fifty

(08:14):
percent five zero in six years. That's a stunning amount
of growth for a state that's not growing. Even just
in the past two and a half years. Under Ealy,
she's added close to ten billion dollars in annual spending.
The effect of all that of rapid spending growth, which
is paired with a variety of tax hikes the governor

(08:35):
has proposed and is making the state too expensive. So
I would focus on getting spending under control, cutting taxes,
cutting fees, and making this a state where businesses can
scale and grow and where people want to move to.
You know, at the end of the day, look, why
does the private sector economy matter. It matters because if
you are growing private sector jobs, it means you're a
state that people want to come to and businesses want

(08:56):
to come to. If you're losing private sector jobs, it
means you're not a good state to do business in.
And we've got to turn all that around.

Speaker 3 (09:02):
Brand Obviously, there is a Republican administration in the White House.
This state leans very liberal, and we certainly have had
some Republicans there on Beacon Hill as governor. But they've
been moderate. It's not a moderate Republican administration. So how
will you convince these more moderate Republicans and liberals in

(09:26):
this state that you're the right Republican for them.

Speaker 6 (09:30):
Well, this state is going to be of This race
will be about Mora Healy's failed record, in particular her
failed record on driving job growth in Massachusetts. It will
not be about national issues. My issues are the state.
We want the state to grow. We got to cut taxes.

Speaker 7 (09:43):
We've got to make the.

Speaker 6 (09:44):
Place more affordable for families. We got to cut these
we got to get the budget under control. So the
issues I'm focusing on are Massachusetts issues. I want to
put Massachusetts first. We have a huge problem with our
migrant shelter system, as we saw just this week with
the auditor's report. No big contracts, you know, effectively blank checks.

(10:04):
You know, millions of dollars spent without any accountability. I
even read about one particular account company that got paid
one hundred and forty dollars for a two hundred foot
cab ride down in kip Con. That is more ideally's record.
That is her style of management, and I think Beacon
Hill needs a total overhaul. Is could take a marine,
is could take a businessman to do it.

Speaker 2 (10:24):
I like it when you said governor Shortzy. Of course,
I didn't think of you, Brian, just sort of the
thought of it. I had a nice ring to me,
you know.

Speaker 5 (10:31):
But let's talk about that.

Speaker 6 (10:33):
I'm looking for a running I'm looking for a running
major a y.

Speaker 5 (10:36):
All right, Well, you know who would be good? Kim Kerrigan.
Let me tell you.

Speaker 2 (10:41):
You, Sho, you should research Kim Kerrigan. I'm telling you
she's the way to go. Let's talk a little bit
about that Republican primary. Okay, how hard is that for
you or anybody at this point to get through because
there's a big difference between the Republican primary and then
the general election.

Speaker 6 (10:57):
Well, I'll tell you what our primary voters want, and
I know what they want because I've been out every
weekend meeting with them, going to Canton Public Library on
a Saturday morning, going to Worcester County on a Saturday avenue.
What they want is a fighter, and they want someone
who can win. They want to they want to win
this race. They want to send more heely Pack, and
they want to get the state back under control. Our
our voters believe the state's off the rails. So when

(11:19):
I'm meeting with him, I'm talking to them. They want
to understand how we're going to win. I'll tell you
it's going to take a fighter to win this race.
It's going to take a fighter to beat more HELI.
I can be that candidate, and I think we really
need someone in the corner office. It's got that businessman mindset,
sort of an outsider perspective on how to how to
solve problems, but also a marine's determination to get the

(11:41):
job done. And I'm going to be that candidate for
our primary voters.

Speaker 3 (11:45):
Brian, you were the head of the MBTA for a
period of time under Governor Baker. During that time period,
you cut the budget and you cut, you cut employees.
And since that time, the FEDS have come back and
said that there were too few in employees and that
could have had something to do with safety record there
at the tea. Talk to me about how you get

(12:06):
around that or where you stand on that issue. Now,
would you have done it the same way now as
you did then?

Speaker 6 (12:14):
Well, it's amazing to think it was almost ten years ago.
It was the spring of twenty fifteen. I was enjoying
my life in the private sector building companies, building my firm,
and Governor Baker called me and he asked me to
take two years away from my life in business to
lead a rescue mission.

Speaker 7 (12:28):
To the TEA.

Speaker 6 (12:28):
And the mission he gave me was very simple. Balance
the budget, get operating expenses under control, get capital spending
moving in, and fix the green Line extension. So we
went to work day one. I mean, i'll give you
some examples of, you know, the things we found. It
was sort of incredible. I mean, this was an organization
that had a three hundred and thirty five million dollar forecast,
offering debts, had no plans in place to close it.

(12:51):
We had some employees billing taxpayers for twenty seven hundred
hours of overtime on top of two thousand regular hours.
That's literally more more hours than there are waking hours
in the year. So we went to work. We stripped
out abuse, we brought transparency, we reformed systems, we read
big contracts, and when we were done, Kim, you know,
the TEA had the lowest offering expenses in history. We

(13:13):
delivered the first balanced budget and the green Line extension
project was completed on time and under budget, and today
you can you can ride that Green Line extension from
downtown Crossing all the way up to Tough So I'm
very proud of what we accomplished during that period. And
I was on the tee last week.

Speaker 7 (13:27):
I was on one of the.

Speaker 6 (13:28):
New Orange Line cars which we helped procure, and it
was terrific.

Speaker 2 (13:33):
Brian tell us about Charlie Baker. Obviously, you guys have
been closed for years. Will we see him on the
campaign trail with you? And what sort of advice are
you getting from him?

Speaker 6 (13:44):
Well, look, we this state has always done better with
balanced Governor Baker, Governor Well, Governor Romney. Those are great governors.
When I'm out there, you know, talking to voters, I'm
focused on their issues. I'm focused on on local officials
in the areas you know, were I campaign, and we're
really talking about the future right when we talk. When
I talk to voters these days, it's like, where's this

(14:05):
state going to be in twenty twenty six? In twenty
twenty seven. You know a lot of folks see their
kids moving out, you know, they see their grandkids moving out. Joe,
I've got three young boys, as you know, I want
them to grow up and grow their families and chase
their dreams. I want them to do it in Massachusetts.
I don't want them to join the exodus of young

(14:26):
people out of the state. So what I hear from
voters is what is the future? Where are we headed?
And how do we move this state from fifty out
of fifty in private sector job growth and GDP growth
back to where we typically stood, which was, you know,
somewhere in the middle towards the top.

Speaker 2 (14:42):
All right, well, Brian, we wish you well on this
program and obviously keep us up to speed as we
move towards the fall of twenty twenty six. All right, Kim,
coming up next, we're going to talk with Matt Stout
of the Boston Globe of Chris. Matt is a political
reporter or a government reporter. He's been following the governor's race,
the mayor's race, and he's also watching those elected officials

(15:05):
up there on Beacon Hill. He has a pretty interesting
story that's coming up.

Speaker 1 (15:16):
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Speaker 3 (17:32):
Welcome back everybody to the New England Business Report. Good
to have you on this Sunday morning. Joe short sleeve,
Kim Kerrigan here with you.

Speaker 4 (17:39):
Uh, Joe. We've talked about this up on Beacon Hill.
They never let you down, do they. They just don't know.

Speaker 5 (17:45):
It's the gift that keeps on giving.

Speaker 3 (17:48):
Apparently an amendment on a spending bill has has been passed,
and state Senate leaders have slipped in some ten million
dollars of taxpayers money from the millionaire surtax and they
put it towards some of their pet projects. Now, that
was the headline that originally got us talking, Joe and me,

(18:08):
so we decided we had to speak to the author
of that article. Political reporter for the Boston Globe, Met Stout.
He's with us and Matt. We want to get to
that in a second, but before we do, just a
couple of minutes ago, we had Republican candidate for governor,
Brian Shortsleeve here on the show.

Speaker 4 (18:24):
Looks like we've got ourselves a race.

Speaker 3 (18:27):
Give us a little analysis, if you will, from your
point of view, how you see this all shaping up?

Speaker 11 (18:32):
Yeah, you know, it's interesting with both Brian Shortly Van
Mike Kneely in the race. You kind of have two
Republicans so far who are sort of carving out like
a very similar message, you know, talking about sort of
you know, more as they view it, bringing more you know, effective,
smaller essentially smaller, but you know, a more effective government,

(18:54):
you know, you know, tighter spending. You know, they've both
been critical of govern more a Heali and how she's
handled the emergency shelter. You know, they both come from
sort of Baker world, if you will. They're both appointees
of Charlie Baker. Sometimes both kind of sounding a very
similar message that he did in past years of being

(19:15):
like this, you know, pragmatic, sort of you know, spending focused, Republican,
you know, not really talking a lot about social issues
or you know, Donald Trump. So, I mean, there's obviously
there's differences between them. They've they've both gone to this
race pretty early by standards, you know, in the spring
of this year, you know, a full year and a
half before that we even have a Republican primary, So there's

(19:37):
a lot to kind of suss out in the differences
between them. But sort of you could see kind of
carving out what they think is going to be like
the most effective message against Hilly, and that message, you know,
cod sound you know, pretty similar between seeing them both.
So it's going to be very interesting to see how
they kind of compared to each other and kind of
where this this race goes.

Speaker 2 (20:00):
Wonder both of them have to do if they're going
to emerge a winner from the Republican primary in the state.

Speaker 11 (20:06):
And that's a really good question because I mean, as
you guys know, a lot of people know, Massachusetts has
long had a history of electing you know, more moderate
Republicans as governor. The thinking being, you know, voters like
the balance they have a Democrat, the Democratic Party led legislature,
a Republican governor, sort of kind of a natural, healthy

(20:28):
tension that could create on policy and on politics.

Speaker 7 (20:32):
You know how much.

Speaker 11 (20:33):
That holds now because I think with anything, maybe more
so in past years, it's sort of the impact of
of DC and Trump in office or a second term,
how that influences vote thinking when they immediately see a
R or next to someone's name, even if that person
is not embracing Trump in Massachusetts. I mean, one thing

(20:53):
with session with the governor's race is beyond the people
and the people matter, it's sometimes you know, the issues
that crop puff of what really becomes a driving point discussion.
And there is so much time between now and you know,
really next summer when people are tuning in of like
what are people talking about this bill? Trump twenty four
seven is is something different? And I think that that

(21:14):
could be a really major piece of how we talk
about the you know and what the candidates are actually
talking about.

Speaker 3 (21:20):
Sure, absolutely, well, no doubt we will be talking to
you about that subject between now and then.

Speaker 4 (21:26):
In the meantime, let's.

Speaker 3 (21:27):
Talk a little bit about this this spending bill up
there on Beacon Hill and the fact that the state
Senate went back for amendments on this bill, and those
amendments included ten million dollars to pet projects for Senate leaders. Now,
I know that you spoke to the leadership up there.
They said, well, this is this is normal business.

Speaker 7 (21:47):
Is it?

Speaker 12 (21:48):
Man?

Speaker 11 (21:49):
You know It's one thing is obviously the money matters,
where the money is going to matters as much as this.
It's also how it's being passed. I mean they've said
they've done this practice where they included the spending what
they call a corrective amendment and you know by the
by the name of it and past bills, it's it's
largely this very technical piece that they add on at

(22:12):
the end of the bill to clean up mistakes, make think,
make sure things align, but then using it as a
vehicle to sort of include, you know, millions of dollars
in spending that doesn't get a vote. I think that's
what the people we talked, is surprised them. That's not
really what this is used for, even if the Senate
has used this, you know, say in a safe budget,

(22:34):
you know, to to sort of carry the air marks
if you will, of the leadership. But I mean we talked,
we report a lot, A lot of others have kind
of focused on and I think there's been a lot
of discussion on Beacon Hill about transparency with the legislature.
It's not just what they're doing, but how they're doing it.
And this stuck out as an example of, you know,

(22:55):
even to someone who follows this closely, this is money
that that you know, you know, necessarily catch and it's
not debate on the floor, is not talked about, you know,
in the public discussion when they're having the debate about
the bill. And and I think that's what, uh, that's
what stands out to people because it's it's it's sometimes
it's it's as much the how as the what. And
I think this was a lot of folks done on

(23:16):
the how.

Speaker 5 (23:17):
Yeah, massed outs our guests. A political reporter there with
the Boston Globe.

Speaker 2 (23:21):
Okay, well, let's name names here who benefits from these earmarks?
So what elected politicians. Uh, you know, we're on the
receiving end.

Speaker 6 (23:29):
Yeah.

Speaker 11 (23:29):
So it's center President Karen Spokus district that included about
one point six million dollars for different projects in towns
and her district. The Cenator Michael Rodericks, who's the budget
chair for the Senate, got a little bit more, almost
close to one point seven million for for his towns.

Speaker 6 (23:46):
Uh.

Speaker 11 (23:46):
You know there's others who work on the you know,
the Budget Committee, Senator Joe Cumberford, Senator Paul Feeney, those
you know, they centers at least, and leadership will say
it's regular practice that people in these positions are not
publicly filing amendments like everyone else does. The practice is
what we include it say in these places, and you

(24:08):
know you find out when you read that bill. So
it's the House does something similar slightly different way, but
it's sort of kind of spotlighting this well in help
practice of most, if not the vast majority of centers
are representatives. If they want to file an amendment and
get something passed, they got to file publicly days in
advance of a debate, and you know, trying to make

(24:29):
their case. Whether that's the leadership behind closed doors or
on the floor about why that's just be included. Leadership
just tends to put it into these vehicles and pass
it largely without debate. So those are the people who benefit,
and those are the ones who are essentially writing the bill.

Speaker 3 (24:45):
And I get the impression that other Senators and other
House members just know this is the way business is done.

Speaker 11 (24:53):
Yeah, it's this and other ways the leadership and the
other ways the legislature. It is sort of this balance
of well, this is how it's it's always been done,
and sort of this how can we do things more transparent?
You know, I think especially when we're talking about earmarks,
there is sort of these processes in place in both
chambers that have kind of been long and grained, uh,

(25:17):
you know, whether it's the budget, whether it's some of
their spending bill. So I mean, obviously we wrote about it,
we felt it was notable to point out at least
have a discussion, but there are there is this idea,
especially in a place I like the legislature, where it's
just the there there there's typically an argue, well, this
is this is how it's done, this is how we've

(25:37):
always done it. But you know, obviously I think people
we've talked to, I mean sometimes we'll argue, well, that's
not that's that's not the greatest, that's not the greatest
reason to keep to keep doing it. But you know
that's that's that comes down to people's I guess.

Speaker 2 (25:52):
So, well, Matt, we asked you about the shaping of
the race for governor. What about the race for city Hall?

Speaker 5 (25:59):
There?

Speaker 2 (26:00):
Uh, you know, obviously there's a been a story about this,
uh two city hall employees being uh fired by the
Will administration and what's uh and we have the challenger,
Josh Kraft, So what do you see there?

Speaker 11 (26:12):
Uh, you know, that's that's interesting. I mean it's I
think with that story obviously, Uh, it's a major one
day and it kind of comes down to sort of
an administration at city all and how they handle things.
It's obviously magnified when you have a high profile race
like this going on, it's you know, it's it's a
really interesting one. I mean if you look at the
polls and there hasn't been a ton I mean, it

(26:35):
looks like Michelle who has you know, a comfortable uh lead,
But there's gonna be a lot of spending in this race,
whether it be through the campaigns themselves, whether it be
through super packs. And you know, I think for for
mayor Wu, you know, seeking re election kind of going

(26:55):
against an opponent like like Josh Kraft, it's uh I
I personally find an interesting sort of where this race
kind of goes sort of the same discussion with the
with the government's race, Like it's much about the personalities,
but also like what it's like the policy and the
topic d jor that kind of like drives the narrative
or drives the discussion on the day to day. And

(27:15):
I think I think that story is an example of it.
How how much that kind of pops up and sort
of guys what we're talking about in the race. I
think that's kind of remains to be seen because yeah,
we got a you know, it's it's going to go
by fast, but you know, a kind of condensed race
here with like you know, five or six months until
election day.

Speaker 3 (27:34):
All right, He is Matt Stout at the Boston Globe.
We thank you so much for being a part of
the show. Still coming your way, U, What is it
costing you to be a New England fan? I think
you're going to be very surprised this is the New
England Business Report.

Speaker 1 (27:56):
Kim then Joe will explore more business news that impacts
our New England economy when they return.

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Speaker 9 (29:01):
Are you a brother or sister of one of Greater
Boston's local trade unions and finally thinking about getting ready
to hang up your tools after thirty five years of
working your tailoff? Congratulations, you worked hard to build your
retirement nest egg. But now what Let me help you
break through the nonsense and financial speak so we can
get to the questions that are important to you. As
you know, nothing gets built without a set of plans,

(29:22):
and neither will your financial future. My name is Mike Marshall,
President and CEO of Marshall Wealth Management and creator of
the Marshall Plan, a comprehensive customized plan that will help
you answer important questions in all seven key areas. You
don't have to do it alone. There is no cost
or obligation. Call us at eight five seven three four
two ten thirty. That's eight five seven three four two

(29:44):
ten thirty. Well check us out online at Marshallwealth dot
Com Marshall with two els, Marshallwealth dot Com.

Speaker 10 (29:51):
Advisory services offer through Capital Analysts or Lincoln Investment Registered
Investment Advisors. Securities offered through Lincoln Investment Broker Dealer Member
Finra SIPC. Lincoln Investment dot Com, Marshall Wealth Management and
the above firms are in and not affiliated.

Speaker 3 (30:04):
Welcome back everybody to the New England Business Roop Working
Caragan along with Joe short Sleeve. Quick reminder that in
a few minutes, we're going to be talking about the.

Speaker 4 (30:11):
Cost of being a New England sports.

Speaker 3 (30:13):
Fan, what that costs you when it comes to all
of those streaming channels that you need to see your
favorite teams don't have nothing frustrating.

Speaker 12 (30:21):
You know.

Speaker 2 (30:21):
But when you sit down and add him up though,
as Skipper did, you know, it's like it's kind of
eye opening.

Speaker 3 (30:27):
It is, And is there anything Joe more frustrating than
like for me, especially during football season, You're all ready
for the game and then you realize, I don't have
that channel.

Speaker 4 (30:36):
I'm not going to see that guy.

Speaker 5 (30:37):
Sorry, we're streaming this where.

Speaker 3 (30:41):
We frequently like to take a look at some of
the headlines that maybe you missed this week, and there
was a really interesting story by John Cesto at the
Boston Globe related to our former mayor Marty Walsh. Of course,
he is now the NHL Players Union head and apparently
he's been instrument in establishing a new relationship between BC

(31:04):
and the NHL Players Union. So if you're over there
at BC this summer and you see some of these
professional athletes there, this is why they are offering a
degree for professional athletes who maybe have hours from the
university they attended but did not get their degree, and
they're sort of taking those hours, maybe escalating them a bit,

(31:29):
and then helping them to get to the finish line.

Speaker 6 (31:32):
Yeah.

Speaker 2 (31:33):
Yeah, when you think about it though, Kim, here we
have these young players, like in the National Hockey League
or really whatever you do, baseball or football, whatever whatever
it may be, and they give up college and you know,
the career doesn't always sort of work out exactly the
way you thought, and all of a sudden, this college
degree has become more important and this is an opportunity
for them to go back.

Speaker 5 (31:52):
Absolutely well.

Speaker 3 (31:53):
You know when Marty Walsh was asked why he thought
this was important, and he said, look, a lot of
these guys are not going to be coaches or scout
or after their career. The playing career is over, and
that playing career could be ended because they just play
themselves out or injury or whatever it may be, and
you need a fallback. So really interesting story. I think
it's really terrific. MLB is also very involved in this,

(32:15):
and it's happening at campuses all across the country.

Speaker 5 (32:18):
All right, Kim, buckle up for this.

Speaker 2 (32:20):
Hold on to your wallet because we're gonna be talking
about an interesting topic and trust me, it's been in
my life as well, because it's the cost of being
a New England sports fan. I just went through this
whole rigamarour trying to get nesson, just trying to watch
the Red Sox because they went away on my cable
package and then I had to pay more to get

(32:41):
them back, Thank you very much. But anyway, Skip Perham,
of course, he is the Sports Management program Director Marketing
instructor at the Suffolk University Sawyer School of Business. He's
a regular here on our program, The New England Business Report,
and Skip sat down and penciled out the cost of
being a Boston sports fan these days. First of all, Skip,

(33:04):
what gave you the idea to do this? But then
take us through the numbers.

Speaker 1 (33:07):
Well, look, so.

Speaker 7 (33:08):
I spent fourteen years at NBC Sports Boston when it
was Fox Sports, net FSN Comcast Sports and then NBC Sports.
So this is the industry I've always lived in. And look, Joe,
I hear what you're saying in that yes, ness In
and NBC Sports have been tiered to a higher level
and it's sort of akin to what it was in

(33:28):
the eighties when you really had to pick nesson in
NBC Sports individually, and you paid probably about ten or
twelve dollars back then for that content and then got
bundled into a larger tier of programming which everybody who
or let's just say eighty percent of the cable households

(33:49):
in New England were paying for that content along with
the whole other bunch of channels that you may or
may not watch. But the reality is, for a long time,
nonsports fan have been subsidizing the content of the sports
fan and that has driven people to leave the bundle
and go to streaming, and hence cables companies are looking

(34:12):
to tear that program sort of back to the future,
and now you're having as a sports fan to pay
for that content. Now when you talk about all those
people who have gone outside of the bundle now and
don't have access to the sports, well, now we're starting
to see what the future really looks like. And if
you want to buy that or you want to watch
that content that you have, you're going to have to

(34:33):
start paying for it and buy my numbers. It's going
to be about one hundred and twenty dollars a month
just for sports starting in September.

Speaker 2 (34:41):
Well, we can break down those numbers in just one moment,
and that enough is staggering. But you know what I
did skip when I was trying to get the Red
Sox back as you were just discussing how they're now
part of a higher tiered package at this point, it
brings you a lot of other channels. Initially I signed
up for nesson three sixty, but that isn't correct. That
doesn't put the Red Sox on your TV screen. That

(35:02):
only does the streaming part. So then I had a
double back, get a credit, and then figure out how
to get the Red Sox on my screen. But anyway,
I digress. Come back to the breakdown here, you've got ESPN,
NBC Sports. Give us the breakdown. How'd you get to
that one twenty?

Speaker 7 (35:18):
Yeah? So how I get to the one twenty? And
this really did start with the news that was launched
this week or last week regarding ESPN and their digital,
their direct to consumer play. They announced that package, which
is everything that you would get on ESPN if you
were to subscribe to it on cable. That's going to
be twenty nine to ninety nine a month, and that
has nationally televised NBA, NHL, SOMEMLLB and NFL game. So

(35:44):
if you want to watch the Boston Celtics on ESPN
starting in September, starting in October, you're either going to
have to subscribe to the cable pundle or pay twenty
nine dollars thirty dollars just for ESPN. Add on to that,
if you want to watch the Celtics locally, you've got
to pay NBC Sports Boston fourteen ninety five via Peacock.

(36:06):
So this is again if you're living outside of the
cable bundle. If you want nesson three to sixty, you've
got to add another twenty dollars. If you want to
watch Max, which has TNT and TBS, which has MLB
and NHL content, you've got to add another seventeen dollars.
If you want to watch the Revolution, you've got to
get the MLS season package. That's another fifteen. Then we're

(36:27):
talking about Amazon TV Prime, that's fifteen dollars a month.
I think the Patriots are on Prime this year. And
then if you want to watch national NBA games the
Celtics on Peacock nationally, you're going to pay another eight
dollars so that comes to about one hundred and nineteen
hundred and twenty dollars a month. That's just to watch
what you're already getting now through the bundle. So you

(36:49):
start to see that bundle, which is probably costing you
with broadband about one hundred and eighty dollars a month
or more, starts to look like that bundle is a
little bit more competitive because that includes your news stations, right,
whatever it is, your entertainment packages, you know skip.

Speaker 3 (37:05):
What's interesting too is that all of these professional leagues
have signed contracts with these streaming you know, different services,
So in a lot of cases you don't have a choice.
You know, we're huge football fans here at my house,
and so Thursday night, if you want to see football,
you got to have Prime.

Speaker 7 (37:23):
Yeah you do, and and and Amazon Prime is a
little bit of a unique beast in that look, they've
got a whole other business, and their business really isn't television.
This is a way to increase the value of the
Prime subscription, which really comes with free delivery and you
know the ordering, So Prime is unique. These other ones
are just pure content plays. You either live inside the

(37:46):
bundle and pay a lot, or you go outside the
bundle and are paying more. But the reality is these
leagues are cutting deals with these media companies. These media
companies have their streaming platforms because consumers have gone to
the streaming platforms, so it's a business opportunity for them.
And if we all abandon the bundle, then these streamers

(38:09):
sort of have us in the place where they control
the pricing power. And if you think the cost is
ever going to go down, you're wrong. But the dirty secret, DA,
it's not the dirty secret. But if you live in
a house with anyone other than yourself, those individuals probably
have different content needs. Right they may watch e. The Kardashians,

(38:29):
whatever it is, They're going to have to start paying
for that content too, outside of the bundle.

Speaker 2 (38:35):
So I guess I'm asking the questions. You know how
they can't keep going this direction? I mean, obviously something's
got to give it at some point. But you're suggesting, no,
that that's not the case. But don't you see some
sort of consolidation as we move along here?

Speaker 7 (38:48):
Well, I see what you're seeing with those tiered sports
networks hill that is Cable's attempt to give consumers more choice.
If I am a non sports fan, I know no
longer have to subsidize that content for you, Joe Schwartzleeves
who does want to watch the Celtics. So they are
starting to react. The cable industry has been slow to react.

(39:10):
There are reasons for that, but they know they need
to be They need to have more tears, They need
to give consumers more flexibility. The larger these streaming copts
come on in their own the more competitive. I think
that bundle looks the bundle ass Can I slice it
and dice it the way I would want? Probably not,

(39:32):
But I think that's the future. And maybe people live
outside that ecosystem, maybe people stay in. It really depends
upon your individual needs.

Speaker 4 (39:41):
Skip bloods change gears just a bit.

Speaker 3 (39:44):
Obviously, it is late May and early June and we
are not watching the Celtics. So if you want to
cancel whatever streaming that you can get rid of that
right now. Yeah, you get But you know, them dropping
out of the playoff rounds here certainly could put a

(40:04):
real change on the face of the team. We have
new ownership that's coming in and that ownership is paying
a lot of money in salaries and in luxury tax.
Had they won the championship again. I think it would
be really tough to break this up. That doesn't make
a new owner look very good. But now that they haven't,

(40:25):
what do you anticipate it's going to happen with this
new ownership and this team as we knew it before
they stepped out of the playoffs.

Speaker 7 (40:33):
Yeah, well, I think new ownership is not going to
look good if they make cuts regardless. I mean, that's
a tough position. And look, this is an incredibly unique
situation where you've got a team that is at the
top of the payroll, is competitive, and it's really it's

(40:54):
almost draconian in the way the NBA's CBA is constructed.
It's sort of the worst time for the Celtics to
be good, really good again because of these new changes.
So I think they're going to need to I guess
the money is on them trimming payroll in some way.
Is that a big move? Like you're trading Jalen Brown

(41:15):
for the number one draft pick, which would be Cooper
Flag from Maine. That's a huge, huge move and I
don't think they'll do that, or do they jettison a
key player or two to get under these salary cap
restrictions and that might be a porzingis or a holiday,
but I think either way, new ownership is probably going

(41:38):
to need to make these moves just to give them
someselves some flexibility.

Speaker 2 (41:44):
Skip what about overall value osay, the Celtics franchise. I mean, obviously,
this new owner we believe is he paid six point
one billion dollars, is supposed to been approved in June
or July. But what about the value of the team.
And obviously these NBHA NBA franchises you just keep you know,
shooting for the moon, but you have you know, tat
them out with you know, an injury that's can take

(42:06):
them out a good part of next season as well,
and the Celtics out early in the playoffs. Is the
is the franchise of the value of the company of
the team heard here?

Speaker 7 (42:16):
Well, it's a complicated, quite a complicated answer, because a
lot of the value is locked in through the you know,
media contracts that they have nationally, which I forget what
the new NBA contract will be valued at. So that's
where a lot of the revenues are coming in. The
Celtics are hamstrung by the fact that they don't own

(42:37):
their own building, and I don't see a prospect of
them building their own building. I just don't know that
this market could handle it, and we know how difficult
it is to develop things. So I don't know that.
I don't know that their value has decreased. It's sort
of surprising that they got the six million, six billion
plus price that they asked for given that they ow't

(43:00):
own the building. I think they're like top five in valuation.
So I don't know that it's been hurt because it's
a strong brand, it's a strong league, and there are
guaranteed revenues. But the fact is they have an enormous
mortgage compared to what it used to be, and that
does put new pressures on the organization from a financial

(43:23):
health standpoint.

Speaker 5 (43:24):
All right, he's Skip Perram.

Speaker 2 (43:25):
He was with the sports management program there at the
Suffolk University Sawyer School of Business.

Speaker 5 (43:30):
Thanks for joining us.

Speaker 2 (43:31):
Up next, we're going to be talking with Doug Banks,
executive editor of the Boston Business Journal, about this week's
biggest business stories.

Speaker 1 (43:42):
You are listening to the New England Business Report on
the Voice of Boston w RKO six 't eighty. Joe
and Kim will be right.

Speaker 9 (43:49):
Back Are you a brother or sister of one of
Greater Boston's local trade unions and finally thinking about getting
ready to hang up your tools after thirty five years
of working your tailoff. Congratulations, you worked hard to build
your retirement nest egg. But now what? Let me help
you break through the nonsense and financial speak so we
can get to the questions that are important to you.
As you know, nothing gets built without a set of plans,

(44:12):
and neither will you a financial future. My name is
Mike Marshall, President and CEO of Marshall Wealth Management and
creator of the Marshall Plan, a comprehensive, customized plan that
will help you answer important questions in all seven key areas.
You don't have to do it alone. There is no
cost or obligation. Call us at eight five seven three
four two ten thirty. That's eight five seven three four

(44:34):
two ten thirty. Well check us out online at Marshallwealth
dot com Marshall with two ls Marshallwealth dot com.

Speaker 10 (44:41):
Advisory services offered through Capital Analysts or Lincoln Investment Registered
Investment Advisors. Securities offer through Lincoln Investment Broker Dealer member
FINRA SIPC. Lincoln Investment dot com. Marshal Wealth Management and
the above firms are independent and not affiliated.

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Speaker 3 (46:10):
Welcome back everybody to the New England Business Report. I
Kim Carigan along with Joe short sleeve. Of course, We've
talked about a number of business stories today that have
grabbed our attention, but there are more.

Speaker 4 (46:21):
They just keep coming.

Speaker 3 (46:22):
An executive editor of the Boston Business Journal, Doug Banks,
is here with us. He's got a few that have
stood out to him this week. Good to have you, Douglack,
always good.

Speaker 6 (46:32):
To be here.

Speaker 13 (46:32):
Thanks for having me. Keim and Joe love.

Speaker 3 (46:34):
This story out of MIT green cement. What is going
on in what is green cement?

Speaker 13 (46:41):
So the headline alone is pretty catchy. So Microsoft has
agreed to purchase over six hundred thousand tons of what
they call green cement, and this is sustainable cement, low carbon,
you know, non ozone depleting cement from a company that's
spun out of MIT called Sublime Systems. You may have

(47:03):
heard this company because they were approved to open up
an actual manufacturing facility here in Massachusetts. You know, the
governor and economic development folks are all trying to bring
more manufacturing back to Massachusetts. Those Sublime Systems is like
this great poster child success story for them. They're bringing
a full scale production factory to Holyoak in western mass

(47:24):
that's going to be open in a couple of years time.
And this six hundred and twenty two thousand metric tons
of cement contract to Microsoft, of all companies, is going
to be is the first major customer that Sublime has
named publicly, So pretty exciting. And to give you a

(47:44):
sense of scale of six hundred thousand tons, that's the
equivalent of somewhere around you know, three dozen NFL stadiums
laying the cement for that many football fields. So major,
major commitment and and a.

Speaker 6 (48:01):
Major success story for a local company.

Speaker 2 (48:04):
And you know, for those of us trying to take
notes here, what's the difference between regular cement and green cement?

Speaker 13 (48:11):
Here, So, when you think about all of the carbon
that's going into the atmosphere, one of the biggest producers
of carbon is concrete in the built structure, so it
increases the heat when the sun hits the asphalt. You know,
a lot of Sun belt states are using white asphalt

(48:31):
instead of black asphalt for the reflection of the sun.
And so this startup has a technology that breaths concrete
and cement that doesn't you know, again, it's a low carbon,
it doesn't emit the properties that lead to greenhouse gases,
so you know, and and it's an MIT spin out,
So it's you know, the technology is good, but it's

(48:54):
really hard to get companies to you know, pay a
little bit more in a lot of cases, something that
has been a commodity for decades.

Speaker 5 (49:03):
Yeah, exactly, why didn't you think of green cement?

Speaker 4 (49:06):
I have no idea.

Speaker 3 (49:07):
I feel confident that this is certainly financially benefit official
to the company. But I'm wondering, have they said what
they're going to use all that cement for?

Speaker 5 (49:18):
What are they doing?

Speaker 11 (49:20):
That's a good question.

Speaker 13 (49:21):
I mean, I think that they build it, They build
a lot of data centers, they do a lot of work.
I actually don't have the answer to what, no particular.

Speaker 2 (49:29):
Prem Wow, Doug Banks didn't know the answer? Did I
really hear that correctly? I think that's a first on
this program, Doug. Let's move on to your other big
story there. Boston population nears pre pandemic levels. It was
a story by a Grant Welker in the BBJ. Now
that's pretty interesting.

Speaker 13 (49:44):
Yeah, it's we're getting closer. So, as you know, a
number ever since COVID and the remote work and hybrid work,
a number of US cities have lost population. San Francisco
is sort of the big one that people talk about
because they've lost over five percent of their downtown of
their city population. But you know, New York City is
another one they've lost, you know, single digit percentage growth.

(50:08):
People just moved out of the cities during COVID and
to you know, places that were just nicer to live,
easier to live, and had more space and more open space,
et cetera. So slowly but surely, employers are asking people
to come back, and slowly but surely cities are growing
their populations. You're hearing good news from San Francisco and
in Boston. You know, the population is slowly creeping back up.

(50:32):
We're almost there from where we were in twenty nineteen.
We're just a little bit a little bit under, like,
you know, zero point three percent of where we were.
But what's interesting is it's not like they're moving too
too far. Most of them are moving to the suburbs
or to gateway cities, which are a little bit more affordable.
So you're seeing a lot of the suburbs in and

(50:54):
around Greater Boston have seen major major population growth.

Speaker 4 (50:58):
Sure, that's great news. Let's talk about TJX.

Speaker 3 (51:02):
I know that a lot of people have been concerned
about supply chain issues. TJX says they don't have those concerns.
What's going on there.

Speaker 13 (51:11):
The TJX, of course, is the parent company for tj
Max and Marshals and home goods, and they had their
earnings call this past week, and you know, a lot
of a lot of people consumers are really concerned about
costs of goods due to tariffs and inflation. But the
CEO or earman said that, you know, TJX one of

(51:33):
their big values is that they sell discounted goods. So
a lot of times when people are fleeing to lower
cost consumer products, they will TJX stock tends to go up,
and even something like supply chain or tariffs. You know,
if if they can't get goods out of China or
they can't get something like say close, they can they

(51:54):
can shift their shelf space to other things like home
goods or food or you know some of the other
stuff that you'll see in a TJX, a TJ Max
or Marshalls. And so they feel pretty confident that they've
built their model around flexibility so that even if there
is supply chain challenges or tariffs, they'll just shift to
a different type of product and their customers will keep

(52:16):
coming back. And that's certainly showing in their share price,
which dropped a little bit, but it's come back and
come back by the end of the week. And so
they're and they're continuing to project growth not only in
the US, but in Europe as well.

Speaker 2 (52:31):
Yeah, are talking to Doug Banksy of course, as the
executive editor of the Boston Business Journal, and Doug joins
us each week to talk about business headlines of the week.
We're rolling through some of them that you would find
on the BBJ. All right, Doug, this next one, and
Kim and I were just chatting about this a little bit.
I didn't realize this. At Northeastern University is expanding to

(52:52):
New York City this summer after the merger. What merger
are we talking about? Tell us what's going on?

Speaker 11 (52:59):
Yeah, so probably a year though now.

Speaker 13 (53:01):
Northeastern announced plans to merge with Marymount Manhattan College, which
is a very small private school right in Manhattan, and
that merger will close on June thirtieth, so just about
a month from now, and that'll be the fourteenth campus
that Northeastern has around the globe. It's been a very
inquisitive school. In the last few years.

Speaker 7 (53:24):
They.

Speaker 13 (53:26):
Got a five and a half million dollar townhouse directly
next to the Marymount campus and it's and it's, like
I said, it's students are growing, so I think it
adds something like seventeen hundred students by this merger. And
what's really interesting is if say your kid gets into

(53:46):
Northeastern now and there's not a place for him or
her in Boston, they'll actually send you to New York
City for a year. And they have a name for it,
you know, they call it New York Scholars New York
City Scholars, where you could get accepted into Northeastern but
not to the Boston campus.

Speaker 6 (54:05):
They actually shift their.

Speaker 13 (54:05):
Students around, which it's kind of weird, but it's been
it's been interesting to see. I've talked to a couple
of people whose kids have had exactly that experience.

Speaker 11 (54:14):
So interesting to see how it goes.

Speaker 13 (54:16):
But Northeastern with the downtown Manhattan campus should be fun to.

Speaker 3 (54:20):
Watch, absolutely, and it's amazing that they're expanding when so
many schools are being forced to get rid of some
of their products. Are their their campuses rather FDA titans,
COVID vaccine rules. I've been watching this pretty closely because
I have elderly parents and they've been trying to decide

(54:40):
as to whether they were going to get another vaccine.

Speaker 4 (54:43):
They will be eligible, but others may not.

Speaker 13 (54:47):
Yeah, And of course we're watching this not only for
the consumer you know, product standpoint, but also because Moderna,
one of the COVID vaccine makers, is a local company
who employs a lot of people. So we've been watching
that to see.

Speaker 7 (55:01):
How that would go.

Speaker 13 (55:02):
And while it does add a new hurdle for Maderna
because they have tightened the requirements for for COVID shots
to the elderly or to you know, people with who
are at high risk, Maderna feels pretty confident that they're
gonna be that they've got everything in place to continue
to create, you know, the vaccine to be able to grow.

(55:26):
So it's been it's been really interesting to watch that
all unfold and it's not done unfolding. We're still waiting
to see see how things how.

Speaker 6 (55:34):
Things shake out.

Speaker 5 (55:36):
And Doug, you're a reporter there.

Speaker 2 (55:37):
Hannah Green also has a second headline and perhaps you
just touched on a little bit regarding Maderna pulling an
FDA application for a flu covid vaccine. What happened there, Yeah.

Speaker 13 (55:48):
So it's voluntarily withdrew this application after working with the
FDA for this. It was a combination vaccine, so you know,
of course that we get our flu shots and we
also get our COVID shots. Was creating this blue COVID
combination shot for adults who are fifty and older, and
it just didn't have enough data to keep going, so
it's pulled it back. It's going to try again later

(56:11):
this year when it had a little bit more data
from its seasonal blue vaccine. The you know, it's stock
price took a little bit of a hit midweek, but
you know, that's pretty par for the course with everything
going on with covid and almost nobody taking vaccine shots
last year because it was an off year. Maderna actually
saw the biggest drop in market capitalization of all the

(56:34):
Massachusetts public companies last year. So it's been trying to
shave expenses, trying to expand beyond just being a covid
vaccine company, it's been working on a cancer cancer drugs
as well, and so so Maderna continues to try to
figure this all out. But Frankly Madernas stuck one up
this past week because at least the FBA came out
and said, here's what we're going to do with the

(56:55):
ployment of RFK junior. They weren't even sure what was
going to be happening, so it wasn't the worst case scenario.

Speaker 7 (57:01):
And now they know.

Speaker 13 (57:01):
And at the end of the day, businesses like to
know the path, even if it's not the greatest path
that we say, like to know how to get to
move forward.

Speaker 3 (57:09):
Executive editor of the Boston Business Journal Doug Banks. He
had some great headlines for us this week, lots of
interesting news. Be sure you check out the BBJ. Thanks
Doug so much.

Speaker 2 (57:19):
All right, that wraps it up for this week on
the New England Business Support. Of course, Kim and I
are going to be back next week. And guess what
next week is, Yeah, that is June the first. Okay,
we are moving that, I know, bull speed ahead right
into summer. Of course, June first is the meteorological beginning
of summer, and so we'll be talking all about what
that movie.

Speaker 3 (57:38):
Is to Joe's mother. We only have four more weeks
if summer left.

Speaker 5 (57:41):
Thank this summer is over on the fourth of July.

Speaker 2 (57:43):
Folks so's on the New England Business Report. That's Sunday
morning at eight am, right here on w RKO, the
Voice of Boston AM six eighty