Episode Transcript
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Speaker 1 (00:00):
You're listening to Bill Handle on demand from kf I
AM six forty.
Speaker 2 (00:12):
Five AM six forty Bill Handle Here on a Monday morning,
August tenth, some of the stories we are looking at.
The run has laid out a list of demands. It
says the US must fulfill before the strait opens up,
and the United States President Trump has taken a different
tack completely. It is no longer military, it's now economic.
(00:33):
And here's a bit of news. Mattel is making a
Whitney Houston version of of the Doll, and it features
Whitney in the outfits she wore. When you see the video,
I want to dance with somebody. Now they've made the
doll waterproof because you play with the doll bathtub Huh. Okay, plenty, neil,
(01:01):
absolutely plenty.
Speaker 3 (01:03):
I hope you get hit by a bus.
Speaker 2 (01:07):
And then hopely then I hire myself to represent me. Okay.
Moving on to the next topic, and that is this morning,
when I was talking about inflation, Amy posited the fact,
which is true that egg prices have dropped, and inflation
(01:28):
has not only not hit egg prices, but they are low, low, low,
And by the way, that is great news for me.
For example, why because I only eat eggs. I don't
eat meat, I don't eat vegetables, I don't eat any
kind of protein. I certainly don't use dairy or eat
any kind of dairy product. I only have eggs, So
(01:50):
that is good news for me and those of you
that only have eggs. Well, the reality is there's a
lot more to groceries and they have gone up, and
also utility has gone up, and unfortunately a lot of Americans.
This is a new study by Omnisend and e Marketing
e commerce marketing platform and says real simple, more people
(02:12):
are borrowing money to pay for groceries. Borrowing money to
pay for groceries. Higher prices have changed how consumers feel
about brands they once liked. A majority of these respondents
said they believe brands are using inflation as an excuse
to raise prices more than necessary. That is a different conversation.
(02:36):
Half blamed politicians for rising food costs. One thousand consumers
in this survey, thirty percent said they used a credit
card to pay for essentials that is tough groceries, gas, utilities,
medical bills in the past three months, knowing they're not
going to be paying off their bill, Twenty percent of
(02:58):
they borrowed from friends or family, eighteen percent used by
now pay later products, seventeen percent say they had to
use savings meant for something else. The reality is isflation
has done some very serious damage to the way we live.
We just don't live the same now. Biden's last year
(03:21):
or second year, third year, in inflation was at nine percent,
and it made buying very costly, and that's one of
the big reasons that he lost the election to President Trump. Well,
inflation is here, and it's baked in, and the economists
(03:43):
the White House can say all day long, inflation is down.
Inflation is down, don't worry about it. Things are cheaper
for you. Well, okay, then why are you using credit
cards to pay for groceries? When you add in fuel,
medical bills that are going like crazy, families are forced
(04:05):
to choose between carrying balances or going without those essentials.
Nearly one in five adults paid for groceries with savings.
One in twenty bought groceries with cash from a payday
advance loan. That's five percent. And when it came to
credit cards, nearly thirty five percent of adults ages eighteen
(04:26):
to sixty four paid by credit card and paid that
bill in full. That's thirty five percent. That's when you
really are smart about using credit cards if you can
pay them in full. But twenty percent paid less than
the full balance but always paid the minimum. Another nine
percent didn't always make the minimum payments more than one
(04:48):
in four, twenty five percent working age adults use credit
cards to purchase food for their families and experienced repayment challenges.
Can't pay it back. Wow, I had to tell you.
That's tough stuff. It really is. Now. Some of the
(05:09):
heaviest rates of credit card usage the survey showed were
people with the highest income bracket, and that is and
I think that that stat is ridiculous because I pay
virtually for everything with credit cards, but I pay it
off the end of the month, and the benefits of
using a credit card to pay for everything if you
(05:32):
can pay it off far better. I get miles, which
is why you know my travel expenses. I run my
business through credit cards, so I get a ton of
miles and I pay my bill, and I'm lucky to
do so because I have a good job and I
live under my means, and there aren't many people that
(05:54):
have that kind of relationship with the economy, and they
have that kind of lifestyle. And the shame of it
is is it is getting more expensive to live by
the day now. Wages have gone up, no question about it.
So when you go to the grocery store next as
(06:16):
you're putting meat on the counter, just tell yourself, wages
have gone up. My wages have gone up. Therefore, this
meat which is now three dollars a pound more than
it was last year, or two dollars a pound more,
it really doesn't mean much because my wages have more
than made up for that. Go ahead and do that
(06:37):
for me. And we're living at a time when people
using credit cards and borrowing money to eat is beyond
me in a country like the United States.
Speaker 3 (06:49):
Yeah, but you also have people that are living way
above their meat.
Speaker 2 (06:53):
It's true.
Speaker 4 (06:53):
I'm likely cost seven hundred dollars a month to pay
for and multiple cell phones and cable. That's true, things
that I didn't grow up with because you still couldn't
afford them.
Speaker 3 (07:05):
Understood.
Speaker 2 (07:06):
Let me ask you, Okay, but let me ask you
as a percentage. Okay, I'm giving you the figures on
the back end, I'm giving you the worst case scenario,
which I always do because I live based on the
worst case scenario. And you're right. But at the same time,
what you're saying is that a ton of people you
will give me a percentage. That's the problem.
Speaker 4 (07:25):
We don't know a percentage to tell you that the
people that I talked to on the fork report that
had to shutter their restaurants.
Speaker 3 (07:32):
It's not about food costs.
Speaker 4 (07:35):
It's about taxes, insurance and the way the state is being.
Speaker 2 (07:40):
Okay either way, I understand either way, but it still
causes the same problem.
Speaker 3 (07:45):
That hands out things.
Speaker 4 (07:46):
Any state that takes care and have the more social
programs they have, the more people rely on that and
don't rely on their own ability.
Speaker 2 (07:56):
Okay, And that's easy.
Speaker 3 (07:58):
To say, Neil, I'm not going to throw you a percentage.
Speaker 1 (08:01):
And I will have to.
Speaker 2 (08:02):
You have to because if it is well.
Speaker 4 (08:04):
I will tell you this that more restaurants in LA
have shuddered. I understand five years Okay, Now, now here's
the show, is it?
Speaker 2 (08:13):
Because it has simply gotten more expensive and you're not
and you're telling me that the cost of food for
restaurants has not increased in tramatic party, but they.
Speaker 3 (08:22):
Know how to.
Speaker 4 (08:23):
They know how to reap, to adapt to that. What
you can't adapt to is rents going up. Is what
you can't adapt to is all of the fees they
have to pay to the government. We understand all of that,
ad is having to pay twenty dollars.
Speaker 2 (08:39):
I understand. I'm not giving the reasons, by the way,
other than we we are in a position where inflation
is killing us. And by the way, restaurants having to
charge more because of the fees doesn't mean inflation hasn't.
Speaker 3 (08:53):
More people are entitled and think that they to have.
Speaker 2 (08:58):
No. No, you're absolutely right. So it's because you're going
out to dinner too much, and that's your problem.
Speaker 3 (09:03):
I live in the real world. You live in a
gated community.
Speaker 2 (09:06):
Sure, so I can't report. I stand corrected by Neil.
You've got money, you can go to the restaurant. You
have no problems. And when you go to the grocery store.
When you go to the grocery store, you have no
problems because everything is cheaper than it was now. One
of the other stories is that Israel has rejected President's
(09:30):
Trump's Gaza peace plan. The president announced a fifteen point plan,
and that was a couple of weeks ago, and Israel said, no,
thank you. Why because the president's plan calls for Gaza
and full disarmament of Hamas and Israel forces to withdraw,
(09:52):
and basically at the same time, that's what the President's
plan is. Nope, not Israel. Netsa Yahu in his first
remarks directly responding to that, I want to be propriet
precise here, Israel rejects the fifteen point document. Israel would
(10:12):
not withdraw at all until Hamas is genuinely disarmed and
continues to thwart threats against our forces and citizens. That's
Israel's position. Nothing is going to happen until Hamas disarms.
Hamas is saying nothing is going to happen until Israel withdraws,
(10:36):
And there it is. They're stuck between a hard place
and a rock and a hard place, and that is
the first point, by the way, that is not being met.
So Netanyahu said, we are now discussing this with Americans.
They have ideas, some of which are acceptable, some are not,
(10:56):
and we know how to stand up to these things.
Man has just come down hard against the President on
this issue. As long as I'm Prime Prime Minister, no
Palestinian state will be established, not in Gaza, not in
the West Bank. And Natanyahu has some real issues on
this because an election is coming up in October, and
(11:20):
the United and Israel is pretty unified against the against Hamas,
not the Palestinian state, mind you, against Hamas. Why because
of October seventh And Hamas has never given up its charter,
its view that Israel must be destroyed, It is still there.
(11:41):
And Israel says, as long as Hamas thinks that they
disarm or we just continue and October seventh will never
happen again. At the end of the July, Trump announced
what he described as a historic agreement to secure the
disarmament of Hamas and all other arm groups in Gaza. Nope,
(12:03):
not true. And this was months after the President first
announced a US broker ceasefire between CAMAS and Israel. Very
tenuous for the most part. Not true. And here's why
Hamas is only going to go through with the deal
if Israel strike halts of strikes in Gaza and pulls
troop back to the yellow line. The yellow line is
(12:26):
well in Gaza that Israel has established. I mean, Israel
controls thirty maybe fifty percent of Gaza at this point
and Hamas controls the rest of it, and at this
point nothing is moving except that Gaza is still being
attacked by Israel. Israel's position is since CAAMAS embeds itself
(12:52):
into civilian locations because they can't go to they can't
go to open war with Israel, they'd be slaughtered, so
they embed themselves. Israel, on the other hand, is not
paying particular attention. Israel has stopped humanitarian aid from coming in.
Israel has made life as miserable for Palestinians as humanly possible.
(13:17):
Well no, Israel does send out flyers and does have
cell phone the cell phone announcements We're about to bomb
this building, that building, this neighborhood, Get the hell out,
and Israel is moving Palestinians all over the place. We're
going to take out this area, and then where you've moved,
you're going to take out that area. Move again. And
(13:39):
there are some Palestinians that have moved probably a dozen
times to get away from from what Israeli forces. And
Gaza right now is relying almost one hundred percent of
humanitarian aid. There is no economy, the fuel is almost
non existent, and the problem is that Palestinians can't rise
(14:04):
up against Kamas. Can you imagine what would happen if
the West Bank and Gaza were to come to peace
with Israel. If they had a Martin Luther King, if
they had a Gandhi, if they had a Nelson Mandela,
and they had true peace, Israel would help them build
(14:29):
an economy because Israelis are really good about building economies.
Look at Tel Aviv, that's a world class city. Then
Jews pretty smart people. You got to give it to them.
Speaker 1 (14:44):
Yeah.
Speaker 2 (14:45):
Them. Palestinians are also very smart.
Speaker 3 (14:47):
By the way.
Speaker 2 (14:49):
They traditionally, before craziness started, were in the Arab world
they were the professionals, and all over in the Mideast,
Palestinians would come in and be the technocrats and would
be the managers and the professionals. Boy, those days are gone. Now.
Let me tell you what's going on at cal Tech,
(15:10):
the California Institute of Technology, one of the premier tech
schools in the US, cal Tech MIT. I mean, this
is the top of the heap. They have created a
team to vet every single student's application. Why well, they're
receiving anonymous accusations of dishonest submissions. In other words, there's
(15:35):
a good chance if your kid is applying to cal Tech,
your kid is a liar, a cheat, Okay, and that's
not anecdotal, that's probably a medical fact. Your kid is
a liar, a cheat. And this team checks transcripts, certificates, signatures,
(15:57):
uses a video interview program to verify applicants research claims.
So it's not just using AI by the way, to
help out. It is straight outlying. It's that simple. And
so it's the fraud Squad. And why Well, because Caltech
admits less than four percent of the applicants of incoming classes.
(16:18):
And cal Tech created this team two years ago because
so many accusations were coming in. And so this four
person team inspects every admitted student's app taking nothing for granted,
scouring the internet to confirm obscurities, contact competition officials, high
school counselors, and they're well, these applications have become more
(16:42):
competitive and certainly more complex. Some have well, some request
long lists of accolades. This is what Caltech does. They
want to see research competitions, awards, independent projects. The bottom line,
to get into Caltech or MIT, and this is Caltech story.
With this fraud squad, you basically have to have already
(17:04):
won the Nobel Peace Prize or the Nobel Prize in physics.
To get in, I mean, you've got to be that
good and you have to be a world class violin
player a violin. Yes, you have to be a violin
student and chair number one and so a lot of
schools review applications for accuracy, but this one digs so
much deeper. Cal Tech system, first of all, doesn't charge
(17:29):
incoming students and enrollment deposit. Usually schools charge like one
hundred dollars fee and people just pay up. Cal Tech doesn't,
so it's getting plenty of applicants, and so the fraud
squad has to go to work. The applicants in many
cases misrepresent themselves that it's that bottom line. Cal Tech
(17:51):
needed to investigate these and Director of Admissions at University
of Illinois, Sarah McKenzie said, they have seen so many
any essays generated by chat GPT and they are dealing
with them. They have to figure out ways. So they
use AI to figure out AI being used, and pretty soon,
(18:14):
since people are very smart about using AI to overcome
the AI that checks their AI applications, they are now
developing AI to check on the AI that checks on
the application because AI is always ahead of the game,
and so they evaluate video interviews. Mike Flag a candidate
(18:38):
who submitted research that required advanced math back, we go
to the Nobel Prize. If the student's transcript indicates they
didn't take a higher level course, yet they admit advanced
math courses, it really is an investigation. Then it's outreach.
(19:00):
Now in a few cases it turns out that a
student has taught himself for themselves advanced math. How do
you figure that one out? Talk to their mentor or
a counselor at school and admission officers have described their
numbers times where a seemingly far fetched application proved absolutely true.
(19:22):
But when they do see that, they are completely odd.
Bottom of the line. You cheat, you cheat, you cheat.
There is someone who worked here at KFI who is
has moved to Spain and has asked for a recommendation letter,
which I wrote. And here's what most people do with
(19:44):
their recommendation letters. You write something up, I'll sign it.
And I looked at it and I said, wow, this
is terrific. I got to tell you this is really good.
I didn't know you could, you know, write this so good?
He go this at GPT. There's no question I couldn't
write anything. This could Welcome to the world of AI,
(20:09):
checking on AI programs, that check on AI programs. And
I think we're going to go back and forth probably
half a dozen times on that. What's the bottom line.
Your kid is cheating, your kid is a liar, and
your kid is trying to get in a much better school.
At least my kids were very honest about it. When
(20:32):
they applied for junior college. The junior college said you
got to finish high school. Guys, you know there's no
way around this, all right. A story of the la
time just came out with and it has to do
with dealing with not so much the homeless, but the
affordability of homes. And here is what the story is.
(20:54):
And it's come out from the city that there are
twenty thousand lots that are empty, and the city is saying,
let's use those lots, excuse me the big cough, let's
use those lots to build to help with the issue
(21:16):
of affordability. More people can get homes, and these vacant
lots can be transformed small lots into quote thoughtfully designed
gentle density housing duplexes for plexes town homes and can
be sold at more reasonable prices than the single family home,
(21:37):
which is very, very difficult to buy these days. Frankly,
I don't know how someone in their twenties could ever
afford a house. My kids scream at me, saying, Dad,
it's your fault that I'll never be able to afford
a house. Well, it's not my fault. When I bought,
first started buying, I was able to afford houses, and
(21:57):
then I would sell and move up and sell and move.
But can't do that anymore. Just can't do that. And
so the city is saying, let's use those and we're
going to offer money and tax breaks, and we want
to make it happen. Now. I don't know what percentage
of twenty thousand lots can in fact be turned into housing.
(22:19):
But as I said, this whole issue of homelessness and
affordability is incremental at best in terms of dealing with it.
There's not going to be one magic bullet. There's not
going to be one all encompassing way of dealing with it.
It has to be incremental. It has to be very well.
It is very very expensive, and it's just a question
(22:42):
of where assets and where the city is going to
move its money. There's never enough money for anything the
city does. Why is that because whenever income rises, and
a lot of this is based on California, it's all
based on income tax The city is based on read
you for taxes and businesses moving in and businesses increasing. Well,
(23:06):
that's great when there's money coming in and all these
entitlement programs, they're still there. When the economy goes south,
and the economy goes up and down constantly. Every time
there's a contract that's up with city employees, raises have
to be given, maintenance which is deferred over and over again. Well,
(23:30):
at some point it has to come the can. It
can no longer being kicked down the road. And so
there it is. According to Emmanuel, I have no idea
what his last name is. I couldn't pronounce it if
you'd stuck again into my head. Affordable home ownership is
a big hole in the market. And if we do
(23:51):
this right, and this is he's part of this organization
called city Lab. It's a nonprofit that deals with this.
If we knew this right, hopefully this is going to
be the first step in making affordable homes affordable. Well, okay,
let's put it. They have these little homes, remember these
(24:12):
what are those tiny villages that are being built where
you have a person in It's basically a plywood box
with a roof on it, and you get to live
in that, which is better than living on the street.
Speaker 4 (24:25):
There's many countries where that is the only choice they have.
Speaker 2 (24:29):
Yeah, but we're in the United States, aren't we, and
we theoretically are.
Speaker 3 (24:34):
You think we're an exception.
Speaker 2 (24:37):
Yeah, I would.
Speaker 3 (24:38):
Think that makes us exceptional.
Speaker 2 (24:42):
Makes us exceptionally unable to be fair to everybody.
Speaker 3 (24:46):
I think we get judged different because we are exceptional.
Speaker 2 (24:49):
Yes, we are. We are. You go to South Sudan
or Yemen tonight for their dinner, the only thing on
the menu is sand and it's just a different country.
We're done, and that's it. Come back tomorrow we start
all over again, and Gary and Shannon are up next,
and it's wake up call in the morning with Will
(25:09):
and Amy, Neil and I are here and then always
kono and and produce and create this award winning show.
And what awards have this show? Has the show gotten precisely? Okay,
we'll see you tomorrow, KF I am six. You've been
(25:30):
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