September 19, 2024 • 23 mins
Host of ‘How to Money’ on KFI Joel Larsgaard joins the show to talk about the Fed cutting rates by a half point yesterday and the impact for savers, borrowers, and the housing market. Joel continues speaking on Amazon calling back workers to the office fulltime, and how therapy can be a boost to your mental health, but a bust to your financial health. Will Newsom’s gas plan really prevent price spikes? Host of ‘Later with Mo Kelly’ on KFI weekdays from 7pm-10pm joins Bill to talk about what is next for Sean ‘Diddy’ Combs.
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Episode Transcript
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Speaker 1 (00:00):
You're listening to Bill Handle on demand from KFI AM
six forty.
Speaker 2 (00:05):
And this is KFI Bill Handle here on a sort
of drizzly Thursday, September nineteen. Big stories. We are looking
at well, Federal Reserve yesterday cut interest rates half a
point and the International Brotherhood of the Team stirs not
endorsing either Harris or Trump. That's kind of news, to
say the least. And then in Lebanon by Root, a
(00:30):
day after those pagers exploded and killed several people and
wounded twenty five hundred, then the walkie talkies exploded the
next day. And so that's going to open things up
a bunch. Let's time. It is now time for How
to Money with Joel Larsgard. Joel heard Sundays twelve to
two pm, and he's at how to Money. Joel, Joel,
(00:52):
We on the phone or are we going through the computer?
We figured that out, yet we have a little glitch
going here.
Speaker 3 (00:57):
We're on the phone.
Speaker 4 (00:58):
Today's bill.
Speaker 2 (00:59):
Okay, that's okay, you know, it's you know, it's just
just we I tend to tell people what's going on.
For example, here at iHeart, they're still using equipment that
was installed in nineteen twenty two when KFI was first created,
one of the earliest radio stations in the country. So
we occasionally have a glitcher too, All right, Joel, A
(01:21):
big deal yesterday. The Fed's cut the interest rates, and
not the interest rates, we are looking at the interest
rates of the banks. I mean there's several different levels
of interst rates half a point and the stock market
has exploded, no surprise. What is going on with that?
What does it mean?
Speaker 3 (01:40):
Yeah? So, I mean it's it is a big deal
because for a long time, like we have, the FED
has been raising rates in an effort to kind of
tamp down the economy because inflation was exploding, and that
is a problem right the faces consumers, and that hits
us in our pocketbooks every single day. It's a tax
on all Americans essentially, And we have gotten to the
(02:01):
point after a bunch of rate hikes over a number
of years, that inflation has calmed down significantly. And so
now the FAT is saying, all right, well, what do
we do with rapes at this point in time? And
they're starting to see some signs of softness at least
in the labor market, and I think this is why
the rate cut happened is to say, listen, hey, the
(02:22):
economy is actually on pretty good footing overall right now,
but we don't want to get behind kind of like
they did with inflation. We don't want to get behind again.
We want to make sure that the economy remained stable.
And so that was I think really the main reason
why they made this rate cut yesterday.
Speaker 2 (02:37):
All right, Jerome Powell said, if you look at overall
the economy, employment is full blast. We're four point two
that's considered full employment. We've got the what else? What
else did he say? Inflation is relatively under control of
reached levels. So if the economy is doing okay, why
(03:00):
would the interest rate drop? Is it an anticipation of
the economy basically heating up and then want to slow
it down.
Speaker 3 (03:09):
Well, so the reason for the rate cut is to
essentially say, listen, if we keep monetary the monetary funds
rate too tight, then maybe what we risk is, yeah,
we get that inflation level down, but we're doing pretty
good on that front, and so we keep the economy
so tight that that we're not that we're heading towards
a recession or maybe we're even creating a recession or
(03:31):
creating an economic downturn that didn't need to occur. And
so I think that's the main reason why they're saying, listen,
like we need to loosen things up just a little bit,
but you don't want to like loosen the reins too
much and see inflation explode again. So it's this preemptive
measure to say, listen, things are pretty good at the economy,
but at least on the horizon, there are like, you know,
potential potential rocks that we could run into, and this
(03:54):
is a way of hopefully avoiding those rocks. Yeah.
Speaker 2 (03:56):
There's a friend of mine who's a money manager, and
I talked to him all the time just to find
out on that side, on the money side, what people
are thinking. And he said, the FED is fully fifty
percent of the time wrong, just wrong. They just guess wrong.
You might as well just true. You might as well
just play blackjack as far as the percentage that the
(04:21):
FED is right.
Speaker 3 (04:21):
Your thoughts, Yeah, I mean I think there's some truth
to that. I think they were wrong on the inflation thing.
But the other thing is they were kind of they
were or they were really late to the ballgame on
that at least, right, But then the other thing is
when you look at countries around the world how they've
handled this. They've had a much harder time with inflation.
So you could say, you can hindsight is twenty twenty
(04:44):
and you can look and you can pick apart every
move that the FED has made, and you could say
I would do it differently. In armchair quarterbacking point, it's
a lovely sport because you can be wrong or right
most of the time in that. So, yeah, I do
think it's a it's a tough job that they have.
I think overall they've done okay, but there are certainly
places in which you could say they should have moved
(05:06):
faster or they And a lot of people will question
this movie even too. It's like, man, should they have
distracted a quarter of a point instead of instead of
half a point?
Speaker 2 (05:14):
All right, Joel, I want to talk about and this
is something that's come up. Neil is doing a commercial
for a therapy outfit and therapy which does help. Oh boy,
can I tell you therapy helps? But the cost of
therapy And as I said, well, I've been in therapy
for a lot of years, thirty years. Over thirty years
(05:37):
I've been in therapy and it's cost me a buttoz,
I'm still in therapy. You know my therapist. Matter of fact,
last week she made me sit on the floor and
call me a worm only because we needed a little
bit of help in some self esteem issues. But that's
another issue that we can talk about at a later time.
But let's talk about therapy. How I'm assuming it's gotten
(05:59):
more popular and it's costing a fortune exact. I mean,
that's exactly right.
Speaker 4 (06:03):
And there are people saying, like, one, we destigmatized mental health,
right and people are able to go talk therapy.
Speaker 3 (06:09):
Man.
Speaker 4 (06:09):
It used to be this thing where you kind of
hit it under a rock that you were going to
see somebody to talk things out, and that's just way.
It's way less stigmatized these days, which is so good.
But the problem is we don't have enough therapists out there,
and the prices have gotten incredibly expensive. So people are saying, listen,
this is really helpful, but I also can't afford to
(06:31):
continue seeing you, like twice a month or something like that,
because the price of one mental health session can be
one hundred and fifty bucks hundred and seventy bush.
Speaker 2 (06:39):
I wish mine were one hundred and fifty or one
hundred and seventy five dollars. It is pretty expensive stuff.
But let me ask you this. Neil points out in
his spot that you can do it virtually, you can
do it online, and sure are It's just this is
the magic of AI, the magic of the internet. Actually,
(07:00):
because I don't remember last time I actually saw my
therapist up close or face to face, I've been doing
it on zoom now for years, which means I can,
you know, do it with no pants on, go commando.
That's another thing I have to talk to her about
at some point. Yeah, yeah, it sounds like it. Yeah,
And that's true.
Speaker 4 (07:18):
And that's one of those things that might help bring
prices down is that, hey, if you and it's easier
for you too, because you don't have to drive in
face the traffic. It makes it easier to attend the session.
But it still doesn't necessarily mean prices are going down.
And you know, my wife is in her last year
of because she's studying to become a marriage and family therapist.
And when I see these prices at first, I was like, oh, man,
(07:41):
you're going to be balling once you've graduated, that you're
going to make sick money because look a look at
how much people are paying. But there are a lot
of expenses that go into being a therapist too, right,
and so it's not like that's just all cash going
into the therapist's pocket. So a lot of therapists are
not living large, and it's not that they're exploiting their clients.
And I think there are some ways for people to
save on therapy though. There are nonprofits that offer discounted
(08:04):
access to talk therapy. You can check and see. Sometimes
employers have benefits for you to go see somebody for
a whole lot less, especially if you've gone through something traumatic.
Oftentimes there's like a fund or something that's set aside
for people who work for that company, and they can
tap into those funds saving you money. So don't leave
any of those stones on turm. The other thing is
(08:25):
too I guess part of the reason you're used to
going and seeing a doctor and paying a cope right
when you go see your primary care physician, well, when
you go.
Speaker 2 (08:31):
See a therapist.
Speaker 4 (08:32):
Most therapists don't take insurance, but there are some that do,
and there are more insurance plans that offer access to
mental health help as well. And so I would say
look into that too, Check and see what your insurance
coverage offers, and if it does offer that, find a
therapist who takes your insurance.
Speaker 5 (08:49):
All right.
Speaker 2 (08:50):
So I want to segue because as we're talking about
sort of the future of therapy I believe is we're
doing it online. And with that, ZECH ways right into
Amazon calling workers back to the office full time and
working from home isn't going away, but man has become
(09:11):
a lot less popular and at least among employers. And
how big of an impact, How big of a difference
does it make that people are gonna be asked to
go back to the office full time.
Speaker 4 (09:22):
It's gonna make a big difference in their lives. I mean,
think about any anybody you talk to who has been
able to work from home most of the time. Since
kind of COVID made that a necessity for a lot
of people, they their lives have gotten dramatically better. I
was literally talking to a friend last night and he's like,
I actually have time for hobbies and for my spouse
(09:42):
more than I more than I used to have because
of the fact that I don't have to commute, you know,
an hour one way in an hour the other way,
which is like, that's like table stakes in southern California,
right to commute into your job. And people are like,
all right, I don't mind going in one or two
days a week because it's nice to be, you know,
around my coworkers, or I get that it's a way
(10:03):
to build that company culture. But now we're seeing companies
like Amazon saying no, no, it's not just part time,
like you need to come back all the time. And
I think, especially in a labor market that is softening,
where it's not like there's a dozen jobs out there
waiting for you, you might have to grin and bear it.
And so I think it's important for people to start
saving money.
Speaker 2 (10:24):
If their employer is.
Speaker 4 (10:25):
Being hard nosed about this, get ready for and start
looking around for something else. You don't necessarily have to
take it lying down, but having more like financial wiggle
room is going to allow you more options.
Speaker 2 (10:38):
Yeah, And I'm sort of wondering why they're going back.
You know, for example, what five years ago or eight
years ago, the thought of anyone of us here on
the show broadcasting from home was an ethma. I mean,
it was just impossible today. For example, today, right now,
I'm broadcasting from home, and I go about fifty to
fifty percent of the time you broadcast from home, I'm
(11:01):
looking at you know, I don't know, some window that
you're in front of, and it just it just works.
And then you're not I got to tell you, and
you're absolutely right. A Zoom meeting, you don't have to
get up, you don't have to shower, you don't have
to wear pants. That's another issue. For some reason, I'm
obsessed with wearing pants.
Speaker 3 (11:16):
You are.
Speaker 2 (11:17):
Yeah, I've noticed.
Speaker 1 (11:17):
I know.
Speaker 2 (11:18):
I don't get it why I enjoy talking about wearing
pants during Zoom meetings. But you know, for me broadcasting
at home, we're working at home. I talk to people
in the sales department just the time saved a loan.
But on the other side, I'm not there. I'm not
in the room with Ann, and we miss so much
of the banter and things that we do. And I
(11:40):
think that's what employers are looking at. That entire part
of just relationships and communication is gone. And how much
does that actually hurt do we know?
Speaker 1 (11:50):
Well?
Speaker 4 (11:51):
Yeah, how much is it hurting company culture as well?
Speaker 2 (11:53):
Yeah? In general? How much is it hurting companies? How
much is it hurting sales efficiency. I'm sure it is
to some extent.
Speaker 4 (11:59):
I think the other thing that needs to be mentioned too,
and I think you and I have talked about this before,
is as like an individual employee, the thing that happens
the more you work from home, you have to think about, well,
how's that impacting my future career prospects or chances for
increasing my salary. Because the more you are in front
of your boss and your fellow employees, the more you're
(12:21):
actually like in the building, the more likely you are
to advance in your career. And and like, there's there's
been a few studies that have shown that too. So
I get the desire to work from home. I like
working from home, and I'm willing. I think some people
are willing to continue working from home and have that
trade off of being like, listen, I might not make
as much money, but you just have to do that
(12:41):
proactively knowing that, hey, I might be missing out on
some Upsidely.
Speaker 2 (12:47):
It's much more difficult to bad mouth your fellow employees
when you're at a group zoom meeting, where if you're
one yeah, yeah, just you have a better connection of
destroying your colleagues when you're with your boss one on one.
All right, Joel, thank you. Sunday's twelve to two pm
right here on KFI. You have a good win. We'll
catch you next week. Thanks Bill. Okay, so now before
(13:08):
we go to mo with the next segment, talk about Diddy.
The governor Newsam is called a special session of the
legislator to consider a new law, and it has to
do the spikes and gasoline prices. You ever notice that
whenever we have a spike, the news will tell us
that the refineries are telling us it's because of maintenance.
(13:31):
It's because of issues with the refineries. Bottom line is
if the refineries go down for thirty minutes, gas prices
spike because we use every drop of oil and we
haven't built a refinery in thirty years. So Newsoam is saying, okay,
let's look at a minimum inventory bill where refineries are
(13:52):
going to be required to keep extra gasoline on hand,
so when a refinery shuts down for maintenance or some
unplanned problem, prices at the pump won't spike. Maybe that's
a theory. So here's what they what the state wants
to do. What Newsom wants to do is giving the
California Energy Commission the ability to decide hub big the
(14:18):
reserves could be, and how it's going to be done
and paid for, and what happens if they don't comply
a million dollars a day fine per refinery, okay, fair enough,
or per company. And so the company is saying they
do have excess refinery space, but it's just a few
(14:40):
days and we don't even know what the state is
going to mandate a lot and what the finer is saying.
That's thirty five thirty five million dollars per tank that
we're looking at by the time this is said and done,
and California is saying, too bad, we cannot have this problem. Now,
(15:00):
do you know, would it be easier just to allow
refineries to be built and not make it so difficult.
But then it's the question of nimby. I don't want
a refinery in my backyard or near me. I'm fine
with the refinery being near you, And likewise, I'm sure
you are just fine with a refinery near me. And
(15:23):
that is the problem. Where do you build them? And
it's a big deal and it takes years, and the
environmental requirements are crazy. When you're dealing with state law.
So what they're doing is they have set up. By
the way, the California Energy Commission, which is going to
oversee all of this, was set up in nineteen seventy
(15:44):
five in response to the nineteen seventies energy crisis. Do
you know before early seventies, before OPIC was created and
they decided, oh boy, we actually control the gasoline. Before that,
it was the United States and the various other countries
that the amount of oil that was pumped out of
Saudi Arabia any rock and kuwait. You know, I remember
(16:05):
when gas was thirty three cents a gallon. Now I
wasn't very old. And then look at pictures pre nineteen seventies.
You would see three gas stations on the corner that
was typical different brands, and there would be the signs
that would come out like on sawhorses, and it would
(16:26):
say gas war where one gas station was charging less
and then the gas station across the street would charge less.
And these were gas wars. Yeah, tell me those don't happen.
So is this going to be the first in the nation.
Of course it will because that's what California does. Also,
(16:50):
we have that summer blend that no other state has,
although by now they're moving towards it. You know, we
also have cars with the emissions control. You know, the
entire country has that because of California. Because the car
manufacturer said, Okay, the market is so big and deep
in California, we'll just make all the cars comply with
(17:11):
California law. You know, welcome to the state of California.
And are we going to get better gas prices? Not really,
I mean the I'm going to try for a few cents.
It used to be the California we'd pay about fifty
cents more than other states because of gas taxes, because
of the summer blend issue. Now it's what a dollar
(17:34):
fifty a gallon more than other states? Hmm, Which is
why I have an EV and I suffer from bring.
Speaker 1 (17:44):
More than a buck fifty? What it is more than
a buck fifty?
Speaker 2 (17:48):
Is it more than about fifty over other states?
Speaker 1 (17:50):
We drove to Arizona recently and crossed the border there
at the Colorado River or whatever, and it went down
by two bucks.
Speaker 2 (18:00):
Wow, And it used to be fifty cents difference. What
does that tell you? All Right, guys, we're done earlier
with Mokelly because Mo is the host of Later with
Mo Kelly Monday through Friday seven pm to ten pm,
and his social addresses at mister mo Kelly mo Good morning,
(18:21):
Good morning. Okay. I mean, obviously, the question I'm going
to ask you is about Diddy, who has just been
denied bail. He is in a federal detention center and
other than he will never suffer from constipation again. You know,
I can't control myself when it comes to these prison jokes.
You know that, don't you. Yeah, I expect no less
(18:43):
of course, of course not all right, he is never
going to see the outside of a jail cell. Again.
I'm convinced of that, because when the Feds go after you,
the Feds have you. It's that simple. So let's talk
about what it means for his legacy, his popularity. And
this is the guy thirty years of this astounding career
(19:05):
and what he has created and what he has done
in addition to being a billionaire. So let's go through
that mode. Because of all the people I would ask
that question, it's you.
Speaker 5 (19:13):
Well, his musical legacy is probably not going to change,
but the perception of him is going to greatly change.
And I'll also offer this it's going to get worse
before it gets better.
Speaker 2 (19:22):
He is in federal custody.
Speaker 5 (19:24):
And what we know is that because of the federal raids,
they have these videos, they have these images of these
free costs of as they have been determined and called.
But also if you notice they said that there's also
an allegation that they are underage girls in this. I
think that the Feds are going through these images and
videos and identifying these underage individuals and there will probably
(19:47):
be a superseding indictment of child pornography, especially if these
videos were sent to someone else, which is more than
likely if they were transported in any way. So I
expect the superseding indictment. I expect worse charges which are
going to happen. And powerful people know powerful people. These
parties were not open to everyone, so there will be
(20:09):
other names, recognizable names, powerful people.
Speaker 2 (20:12):
Hey, let me ask you. I mean, you know this business,
you know backwards and forwards. How much of the knowledge
that he was doing this stuff or was accused of
doing stuff was out there in the music world.
Speaker 5 (20:26):
Oh, it was known, but it couldn't be always proven
because back in the day when what he was known
as Puffy and very popular. It was known that you
could not bring in cameras, that you did not have
any type of devices that.
Speaker 2 (20:38):
You were bringing in, so it was more word of mouth.
Speaker 5 (20:41):
The parties were talked about in a word of mouth way,
but you weren't allowed to document them. So the only
person who was documenting them was p Ditti himself.
Speaker 2 (20:51):
And he videoed this. We talked about how people of
this ilk and we're talking about this powerful, this business acumen,
this kind of magnitude of his businesses, his career, how
they think that somehow the rules don't apply to them.
It drives me completely crazy. How you know, the rest
(21:13):
of us live within the law and they don't have to.
And it's going to cost him big, big time. So
now his popularity has to drop. How does that affect
him big time?
Speaker 5 (21:24):
Well, impacts whether people will play his music on radio,
whether it'll be pulled from different services. Now there will
be a quadront of people who will try to defend him.
That like Bill Cosby, they thought there was some sort
of of conspiracy against him, But people in the note
know that this has been going on for quite some time.
And why people like did he think that they are
(21:45):
untouchable is because they have been untouchable for such a
long time.
Speaker 3 (21:49):
Got it?
Speaker 2 (21:50):
And I'm assuming tonight you're gonna be talking about Diddy
and what's happening, just absolutely I would think. So, all right, MO,
catch it a night, and of course next week here
on our show, you have a good one. Talk soon,
all right, And coming up, I'm taking phone calls. First
of all, I'm also dropping an episode of the Bill
Handle Show podcast and this week it's later this week
(22:11):
it's dying is better than being alive. And also I'm
taking phone calls for Handle on the Law Off the air.
I'll start in just a few minutes. And because there
are no commercials, no breaks, no traffic, and no patience,
you can imagine, I go through these phone calls fairly quickly.
And the number is eight seven seven five to zero
(22:33):
eleven fifty eight seven seven five to zero eleven fifty.
That's it. We're done, guys. Phone calls coming up in
just a moment. Off the air. Tomorrow it starts all
over again with Amy from five to six wake up call,
and then Neil and I climb aboard and we do
this show from six to nine. And I got to
(22:54):
say something nice about Kno. And because Amy always thanks
these people you know for some reason, So Kono and
Ann are part of the show. This is KFI AM
six point forty Live everywhere on the iHeartRadio app. You've
been listening to the Bill Handle Show. Catch my show
Monday through Friday six am to nine am, and anytime
(23:18):
on demand on the iHeartRadio app.
You're listening to Bill Handle on demand from KFI AM
six forty.
Speaker 2 (00:05):
And this is KFI Bill Handle here on a sort
of drizzly Thursday, September nineteen. Big stories. We are looking
at well, Federal Reserve yesterday cut interest rates half a
point and the International Brotherhood of the Team stirs not
endorsing either Harris or Trump. That's kind of news, to
say the least. And then in Lebanon by Root, a
(00:30):
day after those pagers exploded and killed several people and
wounded twenty five hundred, then the walkie talkies exploded the
next day. And so that's going to open things up
a bunch. Let's time. It is now time for How
to Money with Joel Larsgard. Joel heard Sundays twelve to
two pm, and he's at how to Money. Joel, Joel,
(00:52):
We on the phone or are we going through the computer?
We figured that out, yet we have a little glitch
going here.
Speaker 3 (00:57):
We're on the phone.
Speaker 4 (00:58):
Today's bill.
Speaker 2 (00:59):
Okay, that's okay, you know, it's you know, it's just
just we I tend to tell people what's going on.
For example, here at iHeart, they're still using equipment that
was installed in nineteen twenty two when KFI was first created,
one of the earliest radio stations in the country. So
we occasionally have a glitcher too, All right, Joel, A
(01:21):
big deal yesterday. The Fed's cut the interest rates, and
not the interest rates, we are looking at the interest
rates of the banks. I mean there's several different levels
of interst rates half a point and the stock market
has exploded, no surprise. What is going on with that?
What does it mean?
Speaker 3 (01:40):
Yeah? So, I mean it's it is a big deal
because for a long time, like we have, the FED
has been raising rates in an effort to kind of
tamp down the economy because inflation was exploding, and that
is a problem right the faces consumers, and that hits
us in our pocketbooks every single day. It's a tax
on all Americans essentially, And we have gotten to the
(02:01):
point after a bunch of rate hikes over a number
of years, that inflation has calmed down significantly. And so
now the FAT is saying, all right, well, what do
we do with rapes at this point in time? And
they're starting to see some signs of softness at least
in the labor market, and I think this is why
the rate cut happened is to say, listen, hey, the
(02:22):
economy is actually on pretty good footing overall right now,
but we don't want to get behind kind of like
they did with inflation. We don't want to get behind again.
We want to make sure that the economy remained stable.
And so that was I think really the main reason
why they made this rate cut yesterday.
Speaker 2 (02:37):
All right, Jerome Powell said, if you look at overall
the economy, employment is full blast. We're four point two
that's considered full employment. We've got the what else? What
else did he say? Inflation is relatively under control of
reached levels. So if the economy is doing okay, why
(03:00):
would the interest rate drop? Is it an anticipation of
the economy basically heating up and then want to slow
it down.
Speaker 3 (03:09):
Well, so the reason for the rate cut is to
essentially say, listen, if we keep monetary the monetary funds
rate too tight, then maybe what we risk is, yeah,
we get that inflation level down, but we're doing pretty
good on that front, and so we keep the economy
so tight that that we're not that we're heading towards
a recession or maybe we're even creating a recession or
(03:31):
creating an economic downturn that didn't need to occur. And
so I think that's the main reason why they're saying, listen,
like we need to loosen things up just a little bit,
but you don't want to like loosen the reins too
much and see inflation explode again. So it's this preemptive
measure to say, listen, things are pretty good at the economy,
but at least on the horizon, there are like, you know,
potential potential rocks that we could run into, and this
(03:54):
is a way of hopefully avoiding those rocks. Yeah.
Speaker 2 (03:56):
There's a friend of mine who's a money manager, and
I talked to him all the time just to find
out on that side, on the money side, what people
are thinking. And he said, the FED is fully fifty
percent of the time wrong, just wrong. They just guess wrong.
You might as well just true. You might as well
just play blackjack as far as the percentage that the
(04:21):
FED is right.
Speaker 3 (04:21):
Your thoughts, Yeah, I mean I think there's some truth
to that. I think they were wrong on the inflation thing.
But the other thing is they were kind of they
were or they were really late to the ballgame on
that at least, right, But then the other thing is
when you look at countries around the world how they've
handled this. They've had a much harder time with inflation.
So you could say, you can hindsight is twenty twenty
(04:44):
and you can look and you can pick apart every
move that the FED has made, and you could say
I would do it differently. In armchair quarterbacking point, it's
a lovely sport because you can be wrong or right
most of the time in that. So, yeah, I do
think it's a it's a tough job that they have.
I think overall they've done okay, but there are certainly
places in which you could say they should have moved
(05:06):
faster or they And a lot of people will question
this movie even too. It's like, man, should they have
distracted a quarter of a point instead of instead of
half a point?
Speaker 2 (05:14):
All right, Joel, I want to talk about and this
is something that's come up. Neil is doing a commercial
for a therapy outfit and therapy which does help. Oh boy,
can I tell you therapy helps? But the cost of
therapy And as I said, well, I've been in therapy
for a lot of years, thirty years. Over thirty years
(05:37):
I've been in therapy and it's cost me a buttoz,
I'm still in therapy. You know my therapist. Matter of fact,
last week she made me sit on the floor and
call me a worm only because we needed a little
bit of help in some self esteem issues. But that's
another issue that we can talk about at a later time.
But let's talk about therapy. How I'm assuming it's gotten
(05:59):
more popular and it's costing a fortune exact. I mean,
that's exactly right.
Speaker 4 (06:03):
And there are people saying, like, one, we destigmatized mental health,
right and people are able to go talk therapy.
Speaker 3 (06:09):
Man.
Speaker 4 (06:09):
It used to be this thing where you kind of
hit it under a rock that you were going to
see somebody to talk things out, and that's just way.
It's way less stigmatized these days, which is so good.
But the problem is we don't have enough therapists out there,
and the prices have gotten incredibly expensive. So people are saying, listen,
this is really helpful, but I also can't afford to
(06:31):
continue seeing you, like twice a month or something like that,
because the price of one mental health session can be
one hundred and fifty bucks hundred and seventy bush.
Speaker 2 (06:39):
I wish mine were one hundred and fifty or one
hundred and seventy five dollars. It is pretty expensive stuff.
But let me ask you this. Neil points out in
his spot that you can do it virtually, you can
do it online, and sure are It's just this is
the magic of AI, the magic of the internet. Actually,
(07:00):
because I don't remember last time I actually saw my
therapist up close or face to face, I've been doing
it on zoom now for years, which means I can,
you know, do it with no pants on, go commando.
That's another thing I have to talk to her about
at some point. Yeah, yeah, it sounds like it. Yeah,
And that's true.
Speaker 4 (07:18):
And that's one of those things that might help bring
prices down is that, hey, if you and it's easier
for you too, because you don't have to drive in
face the traffic. It makes it easier to attend the session.
But it still doesn't necessarily mean prices are going down.
And you know, my wife is in her last year
of because she's studying to become a marriage and family therapist.
And when I see these prices at first, I was like, oh, man,
(07:41):
you're going to be balling once you've graduated, that you're
going to make sick money because look a look at
how much people are paying. But there are a lot
of expenses that go into being a therapist too, right,
and so it's not like that's just all cash going
into the therapist's pocket. So a lot of therapists are
not living large, and it's not that they're exploiting their clients.
And I think there are some ways for people to
save on therapy though. There are nonprofits that offer discounted
(08:04):
access to talk therapy. You can check and see. Sometimes
employers have benefits for you to go see somebody for
a whole lot less, especially if you've gone through something traumatic.
Oftentimes there's like a fund or something that's set aside
for people who work for that company, and they can
tap into those funds saving you money. So don't leave
any of those stones on turm. The other thing is
(08:25):
too I guess part of the reason you're used to
going and seeing a doctor and paying a cope right
when you go see your primary care physician, well, when
you go.
Speaker 2 (08:31):
See a therapist.
Speaker 4 (08:32):
Most therapists don't take insurance, but there are some that do,
and there are more insurance plans that offer access to
mental health help as well. And so I would say
look into that too, Check and see what your insurance
coverage offers, and if it does offer that, find a
therapist who takes your insurance.
Speaker 5 (08:49):
All right.
Speaker 2 (08:50):
So I want to segue because as we're talking about
sort of the future of therapy I believe is we're
doing it online. And with that, ZECH ways right into
Amazon calling workers back to the office full time and
working from home isn't going away, but man has become
(09:11):
a lot less popular and at least among employers. And
how big of an impact, How big of a difference
does it make that people are gonna be asked to
go back to the office full time.
Speaker 4 (09:22):
It's gonna make a big difference in their lives. I mean,
think about any anybody you talk to who has been
able to work from home most of the time. Since
kind of COVID made that a necessity for a lot
of people, they their lives have gotten dramatically better. I
was literally talking to a friend last night and he's like,
I actually have time for hobbies and for my spouse
(09:42):
more than I more than I used to have because
of the fact that I don't have to commute, you know,
an hour one way in an hour the other way,
which is like, that's like table stakes in southern California,
right to commute into your job. And people are like,
all right, I don't mind going in one or two
days a week because it's nice to be, you know,
around my coworkers, or I get that it's a way
(10:03):
to build that company culture. But now we're seeing companies
like Amazon saying no, no, it's not just part time,
like you need to come back all the time. And
I think, especially in a labor market that is softening,
where it's not like there's a dozen jobs out there
waiting for you, you might have to grin and bear it.
And so I think it's important for people to start
saving money.
Speaker 2 (10:24):
If their employer is.
Speaker 4 (10:25):
Being hard nosed about this, get ready for and start
looking around for something else. You don't necessarily have to
take it lying down, but having more like financial wiggle
room is going to allow you more options.
Speaker 2 (10:38):
Yeah, And I'm sort of wondering why they're going back.
You know, for example, what five years ago or eight
years ago, the thought of anyone of us here on
the show broadcasting from home was an ethma. I mean,
it was just impossible today. For example, today, right now,
I'm broadcasting from home, and I go about fifty to
fifty percent of the time you broadcast from home, I'm
(11:01):
looking at you know, I don't know, some window that
you're in front of, and it just it just works.
And then you're not I got to tell you, and
you're absolutely right. A Zoom meeting, you don't have to
get up, you don't have to shower, you don't have
to wear pants. That's another issue. For some reason, I'm
obsessed with wearing pants.
Speaker 3 (11:16):
You are.
Speaker 2 (11:17):
Yeah, I've noticed.
Speaker 1 (11:17):
I know.
Speaker 2 (11:18):
I don't get it why I enjoy talking about wearing
pants during Zoom meetings. But you know, for me broadcasting
at home, we're working at home. I talk to people
in the sales department just the time saved a loan.
But on the other side, I'm not there. I'm not
in the room with Ann, and we miss so much
of the banter and things that we do. And I
(11:40):
think that's what employers are looking at. That entire part
of just relationships and communication is gone. And how much
does that actually hurt do we know?
Speaker 1 (11:50):
Well?
Speaker 4 (11:51):
Yeah, how much is it hurting company culture as well?
Speaker 2 (11:53):
Yeah? In general? How much is it hurting companies? How
much is it hurting sales efficiency. I'm sure it is
to some extent.
Speaker 4 (11:59):
I think the other thing that needs to be mentioned too,
and I think you and I have talked about this before,
is as like an individual employee, the thing that happens
the more you work from home, you have to think about, well,
how's that impacting my future career prospects or chances for
increasing my salary. Because the more you are in front
of your boss and your fellow employees, the more you're
(12:21):
actually like in the building, the more likely you are
to advance in your career. And and like, there's there's
been a few studies that have shown that too. So
I get the desire to work from home. I like
working from home, and I'm willing. I think some people
are willing to continue working from home and have that
trade off of being like, listen, I might not make
as much money, but you just have to do that
(12:41):
proactively knowing that, hey, I might be missing out on
some Upsidely.
Speaker 2 (12:47):
It's much more difficult to bad mouth your fellow employees
when you're at a group zoom meeting, where if you're
one yeah, yeah, just you have a better connection of
destroying your colleagues when you're with your boss one on one.
All right, Joel, thank you. Sunday's twelve to two pm
right here on KFI. You have a good win. We'll
catch you next week. Thanks Bill. Okay, so now before
(13:08):
we go to mo with the next segment, talk about Diddy.
The governor Newsam is called a special session of the
legislator to consider a new law, and it has to
do the spikes and gasoline prices. You ever notice that
whenever we have a spike, the news will tell us
that the refineries are telling us it's because of maintenance.
(13:31):
It's because of issues with the refineries. Bottom line is
if the refineries go down for thirty minutes, gas prices
spike because we use every drop of oil and we
haven't built a refinery in thirty years. So Newsoam is saying, okay,
let's look at a minimum inventory bill where refineries are
(13:52):
going to be required to keep extra gasoline on hand,
so when a refinery shuts down for maintenance or some
unplanned problem, prices at the pump won't spike. Maybe that's
a theory. So here's what they what the state wants
to do. What Newsom wants to do is giving the
California Energy Commission the ability to decide hub big the
(14:18):
reserves could be, and how it's going to be done
and paid for, and what happens if they don't comply
a million dollars a day fine per refinery, okay, fair enough,
or per company. And so the company is saying they
do have excess refinery space, but it's just a few
(14:40):
days and we don't even know what the state is
going to mandate a lot and what the finer is saying.
That's thirty five thirty five million dollars per tank that
we're looking at by the time this is said and done,
and California is saying, too bad, we cannot have this problem. Now,
(15:00):
do you know, would it be easier just to allow
refineries to be built and not make it so difficult.
But then it's the question of nimby. I don't want
a refinery in my backyard or near me. I'm fine
with the refinery being near you, And likewise, I'm sure
you are just fine with a refinery near me. And
(15:23):
that is the problem. Where do you build them? And
it's a big deal and it takes years, and the
environmental requirements are crazy. When you're dealing with state law.
So what they're doing is they have set up. By
the way, the California Energy Commission, which is going to
oversee all of this, was set up in nineteen seventy
(15:44):
five in response to the nineteen seventies energy crisis. Do
you know before early seventies, before OPIC was created and
they decided, oh boy, we actually control the gasoline. Before that,
it was the United States and the various other countries
that the amount of oil that was pumped out of
Saudi Arabia any rock and kuwait. You know, I remember
(16:05):
when gas was thirty three cents a gallon. Now I
wasn't very old. And then look at pictures pre nineteen seventies.
You would see three gas stations on the corner that
was typical different brands, and there would be the signs
that would come out like on sawhorses, and it would
(16:26):
say gas war where one gas station was charging less
and then the gas station across the street would charge less.
And these were gas wars. Yeah, tell me those don't happen.
So is this going to be the first in the nation.
Of course it will because that's what California does. Also,
(16:50):
we have that summer blend that no other state has,
although by now they're moving towards it. You know, we
also have cars with the emissions control. You know, the
entire country has that because of California. Because the car
manufacturer said, Okay, the market is so big and deep
in California, we'll just make all the cars comply with
(17:11):
California law. You know, welcome to the state of California.
And are we going to get better gas prices? Not really,
I mean the I'm going to try for a few cents.
It used to be the California we'd pay about fifty
cents more than other states because of gas taxes, because
of the summer blend issue. Now it's what a dollar
(17:34):
fifty a gallon more than other states? Hmm, Which is
why I have an EV and I suffer from bring.
Speaker 1 (17:44):
More than a buck fifty? What it is more than
a buck fifty?
Speaker 2 (17:48):
Is it more than about fifty over other states?
Speaker 1 (17:50):
We drove to Arizona recently and crossed the border there
at the Colorado River or whatever, and it went down
by two bucks.
Speaker 2 (18:00):
Wow, And it used to be fifty cents difference. What
does that tell you? All Right, guys, we're done earlier
with Mokelly because Mo is the host of Later with
Mo Kelly Monday through Friday seven pm to ten pm,
and his social addresses at mister mo Kelly mo Good morning,
(18:21):
Good morning. Okay. I mean, obviously, the question I'm going
to ask you is about Diddy, who has just been
denied bail. He is in a federal detention center and
other than he will never suffer from constipation again. You know,
I can't control myself when it comes to these prison jokes.
You know that, don't you. Yeah, I expect no less
(18:43):
of course, of course not all right, he is never
going to see the outside of a jail cell. Again.
I'm convinced of that, because when the Feds go after you,
the Feds have you. It's that simple. So let's talk
about what it means for his legacy, his popularity. And
this is the guy thirty years of this astounding career
(19:05):
and what he has created and what he has done
in addition to being a billionaire. So let's go through
that mode. Because of all the people I would ask
that question, it's you.
Speaker 5 (19:13):
Well, his musical legacy is probably not going to change,
but the perception of him is going to greatly change.
And I'll also offer this it's going to get worse
before it gets better.
Speaker 2 (19:22):
He is in federal custody.
Speaker 5 (19:24):
And what we know is that because of the federal raids,
they have these videos, they have these images of these
free costs of as they have been determined and called.
But also if you notice they said that there's also
an allegation that they are underage girls in this. I
think that the Feds are going through these images and
videos and identifying these underage individuals and there will probably
(19:47):
be a superseding indictment of child pornography, especially if these
videos were sent to someone else, which is more than
likely if they were transported in any way. So I
expect the superseding indictment. I expect worse charges which are
going to happen. And powerful people know powerful people. These
parties were not open to everyone, so there will be
(20:09):
other names, recognizable names, powerful people.
Speaker 2 (20:12):
Hey, let me ask you. I mean, you know this business,
you know backwards and forwards. How much of the knowledge
that he was doing this stuff or was accused of
doing stuff was out there in the music world.
Speaker 5 (20:26):
Oh, it was known, but it couldn't be always proven
because back in the day when what he was known
as Puffy and very popular. It was known that you
could not bring in cameras, that you did not have
any type of devices that.
Speaker 2 (20:38):
You were bringing in, so it was more word of mouth.
Speaker 5 (20:41):
The parties were talked about in a word of mouth way,
but you weren't allowed to document them. So the only
person who was documenting them was p Ditti himself.
Speaker 2 (20:51):
And he videoed this. We talked about how people of
this ilk and we're talking about this powerful, this business acumen,
this kind of magnitude of his businesses, his career, how
they think that somehow the rules don't apply to them.
It drives me completely crazy. How you know, the rest
(21:13):
of us live within the law and they don't have to.
And it's going to cost him big, big time. So
now his popularity has to drop. How does that affect
him big time?
Speaker 5 (21:24):
Well, impacts whether people will play his music on radio,
whether it'll be pulled from different services. Now there will
be a quadront of people who will try to defend him.
That like Bill Cosby, they thought there was some sort
of of conspiracy against him, But people in the note
know that this has been going on for quite some time.
And why people like did he think that they are
(21:45):
untouchable is because they have been untouchable for such a
long time.
Speaker 3 (21:49):
Got it?
Speaker 2 (21:50):
And I'm assuming tonight you're gonna be talking about Diddy
and what's happening, just absolutely I would think. So, all right, MO,
catch it a night, and of course next week here
on our show, you have a good one. Talk soon,
all right, And coming up, I'm taking phone calls. First
of all, I'm also dropping an episode of the Bill
Handle Show podcast and this week it's later this week
(22:11):
it's dying is better than being alive. And also I'm
taking phone calls for Handle on the Law Off the air.
I'll start in just a few minutes. And because there
are no commercials, no breaks, no traffic, and no patience,
you can imagine, I go through these phone calls fairly quickly.
And the number is eight seven seven five to zero
(22:33):
eleven fifty eight seven seven five to zero eleven fifty.
That's it. We're done, guys. Phone calls coming up in
just a moment. Off the air. Tomorrow it starts all
over again with Amy from five to six wake up call,
and then Neil and I climb aboard and we do
this show from six to nine. And I got to
(22:54):
say something nice about Kno. And because Amy always thanks
these people you know for some reason, So Kono and
Ann are part of the show. This is KFI AM
six point forty Live everywhere on the iHeartRadio app. You've
been listening to the Bill Handle Show. Catch my show
Monday through Friday six am to nine am, and anytime
(23:18):
on demand on the iHeartRadio app.
The Bill Handel Show News
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