June 9, 2025 • 25 mins
7a - US ships championed by Trump cost 5x as much as Asian ships
7:15a - More about Trump's need for more US ships.
7:30a - More men are dying of Broken Heart syndrome.
7:45a - Retirees underestimate medical costs
7:15a - More about Trump's need for more US ships.
7:30a - More men are dying of Broken Heart syndrome.
7:45a - Retirees underestimate medical costs
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
You're listening to k I AM six forty the Bill
Handles show on demand on the iHeartRadio f KFI AM
six forty handle here on a Monday morning, May the
book excuse me June the ninth, Why may?
Speaker 2 (00:19):
I don't know where that came from.
Speaker 1 (00:21):
One of the things about president the president and the administration,
and something that I think all of us agree on,
is we want more jobs in the United States, or
we want.
Speaker 2 (00:34):
The jobs that are overseas where.
Speaker 1 (00:37):
We spend a ton of money on those products that
are manufactured overseas. We want the factories, we want the
jobs here. That's not a problem. We understand. And here
is the problem, and that is simply the practical approach.
Speaker 2 (00:54):
That's simple.
Speaker 1 (00:56):
As I said in the t's coming up, it's easy
to establish a tariff. As a matter of fact, the
President can wake up tomorrow morning and decide that by
six o'clock in the evening there will be an additional
thirty percent tariff that's levied against the insert name of
country or sector or product. The problem is moving a
(01:19):
factory over here. That's a problem. So let me tell
you where there is a real problem in terms of practicality.
The President wants shipbuilding to be brought back to the
United States. At one point, shipbuilding was a big part
of our industry, particularly during World War Two. You know
(01:42):
the Kaiser plant up north in the Sacramento area, Kaiser Permanentite,
for example, the medical program which Henry Kaiser started for
his shipbuilding employees. Well, the shipyard is done, Kaiser Permanente.
The medical HMO is still here. By the ways, anybody
(02:03):
know what Permanente stands for?
Speaker 2 (02:06):
Why is it?
Speaker 1 (02:07):
Kaiser Permanente? Hey, guys do no? Will is shaking his head.
Because the Kaiser shipyard was on the Permanente River and
it would go out to sea. The ships would be
able to go out to sea along the river.
Speaker 2 (02:24):
It was a very deep river. And so during World
War two.
Speaker 1 (02:29):
Just here's a figure, a stunner during World War two,
just in liberty ships.
Speaker 2 (02:39):
We're talking about the ships that took products.
Speaker 1 (02:43):
It took our arsenal, took not only food stuffs but
also armaments over to Europe.
Speaker 2 (02:50):
During World War two. Just the liberty ships.
Speaker 1 (02:54):
Two, not counting other ships, not counting battleships. All right,
So let me give you another stat The last ten years,
Chinese shipbuilders delivered six seven hundred and sixty five commercial ships,
about half the global deliveries. Japan delivered three one hundred
(03:16):
and thirty ships over the last ten years. South Korea
delivered two thousand, four hundred and five ships. The United
States a wopping thirty seven ships.
Speaker 2 (03:31):
Over ten years. How far behind are we and what
do we do? Well? There's a Korean company.
Speaker 1 (03:41):
Korea is a world shipbuilder, There's no question about that.
A lot of luxury ships, those massive luxury ships are
built in Korea, some are built in Norway. None of
ours are built in China, but it's it's a huge
industry over there. So this Philadelphia shipwar Yard, which was
(04:03):
effectively shut down when the military shut down so many bases,
assuming money is poured into Philadelphia, into the shipyard and
it's been bought by a Korean company that manufacture ships,
they won't even have space for new orders until twenty
twenty seven. You know why, because of the ships that
(04:26):
are being built in the United States, they're all being
built for the Navy. Because one of the things that
the Trump administration as well as the Obama administration as
well as let's go back, was trying to increase and
having to increase our naval forces as we're falling behind
(04:48):
other countries. At one point, we were the dominant naval
force on the planet.
Speaker 2 (04:54):
Nobody came close today.
Speaker 1 (04:56):
I think the Chinese have more ships than we do,
or if we do, it's a very small number relative
to the way it used to be. So there aren't
there isn't space to build normal shipping other than.
Speaker 2 (05:11):
Naval shipping in the United States.
Speaker 1 (05:13):
And remember the President wants ship building as a major,
major source of employment here.
Speaker 2 (05:19):
Let's take a break.
Speaker 1 (05:20):
I'm going to come back and I'm going to throw
another stat at you, which makes ship building here well
more than difficult, and how it's going to be done,
and how we put not ten pounds in a five
pound bag, but fifty pounds in a five pound bag,
and how difficult that is.
Speaker 2 (05:41):
So we'll come back with that. Don't go away out.
Speaker 1 (05:44):
Well, this is Caffi bill Handle on a Monday morning,
June ninth. Some of the stories recovering eggs in salmonella.
If you have eaten brown cage free eggs, certified organic
eggs like I have, yeah, I'll probably be going to
(06:12):
the restroom every few minutes starting in a couple of days,
because those are the eggs that unfortunately I eat, and
it's not my fault. I happen to live with someone
who is into this organic crap where I'll tell you that'll, yeah,
that's a payback. You eat organic crap and what happens,
(06:35):
You get salmonella and maybe you die.
Speaker 2 (06:37):
All right.
Speaker 1 (06:39):
I want to continue on with the premise that the
Trump administration and President Trump specifically has which I don't
think anybody has a problem with, and that is bringing
jobs back to the United States, building factories in the
United States to produce purposes, to produce goods not only
(07:01):
for our own consumption, but also to sell overseas.
Speaker 2 (07:06):
A couple of problems.
Speaker 1 (07:07):
Number one, the dollar is incredibly strong, as crappy as
our economy is, and our dollar it's still the economy
of the world, where the juggernaut of the world. Our
currency is the currency of the world. For example, Ecuador,
the Ecuadorian dollar. They don't have their own currency.
Speaker 2 (07:28):
It's the dollar. It's the US dollar, which they don't
print obviously. All right.
Speaker 1 (07:32):
So one of the things that President Trump has said
and wants to do is bring shipbuilding back.
Speaker 2 (07:39):
To the United States.
Speaker 1 (07:41):
A little bit of a problem China. I don't think
we'll ever catch up to China. We can't because they
do half the world market. It takes far longer to
build chips in the United States. It costs five times
as much. To give you an idea, that Philadelphia shipyard
that we just bought by the Korean company makes about
(08:03):
a ship and a half a year. The Korean company
that bought at hand Waw, they make about a ship
a week.
Speaker 2 (08:15):
Well, what do you do with that? Now?
Speaker 1 (08:18):
The owner, the CEO of that Korean company has not
said how much money the company intends to invest in
the US shipyard and bought it for one hundred million dollars.
Speaker 2 (08:28):
So does that give you an idea?
Speaker 1 (08:30):
I mean, one hundred million dollars a lot of money,
but a major shipbuilding yard for one hundred million dollars.
Speaker 2 (08:36):
So how is this going to work?
Speaker 1 (08:39):
How is shipbuilding going to be brought back to the
United States? Considering that ships costs five times as much
as in other shipbuilding countries, it takes far longer. Well,
the only way to do it is with insane subsidies.
We can get there, but the government has to subsidize
(09:02):
the building of these ships to the tune of billions
tens of billions per year over the next several years.
Speaker 2 (09:14):
And we've tried it before. For example, after.
Speaker 1 (09:19):
The naval base closed in nineteen ninety five, we're talking
about the Philadelphia Shipyards, there was an effort to produce
more commercial vessels. The problem is one of the executives
overseeing this said, we've been down this road before, and
what we do with ships in this country is ridiculous.
(09:42):
We had about one hundred years ago we passed the
Jones Act, which was effectively a tariff, and it said
that any ship that delivers goods or passengers from one
city in America to another city, in other words, only
American ports, has to be an American ship. Foreign ships cannot,
(10:07):
for example, go from Seattle to Alaska.
Speaker 2 (10:11):
You would think that the Alaska tour.
Speaker 1 (10:14):
Industry with ships, and now that inside passage is unbelievably
wonderful at that particular cruise You know why at all?
They all come out of Vancouver. By the way, do
you know.
Speaker 2 (10:26):
What kind of income to a city putting.
Speaker 1 (10:29):
A cruise port in where dozens and dozens of ships
park and that's their base port.
Speaker 2 (10:37):
Well, under the Jones Act, the reason it's in Vancouver.
Speaker 1 (10:41):
Because it can't be in Seattle, because the ships go
from a foreign port to Alaska, which is American.
Speaker 2 (10:51):
It's an American territory of course, the state.
Speaker 1 (10:54):
And if it goes from a US city, a La Seattle,
to Alaska.
Speaker 2 (11:00):
It's against the law. Can't do it under the Jones Act.
Speaker 1 (11:03):
We are just we are handling this completely wrong, I
mean across the board. And it is such a shame
that well, you know, the Jones Act screws it up.
There is an order right now for three Jones Act
(11:23):
compliant container ships and it was made by the previous
owner of the Philadelphia shipyard. They signed the contract. Each
of these ships coused three hundred and thirty million dollars.
If this company were to buy a similar ship in Asia,
(11:47):
it's about seventy million dollars. Who is going to spend
three hundred and thirty million dollars for the same ship
that can be bought for seventy million dollars in Asia.
Speaker 2 (12:00):
Impossible.
Speaker 1 (12:03):
And so Kim, the Handwall executive, who is head of
this whole thing in terms of buying the shipyard and
involved in he's head of the company that builds in Korea,
said that it's not just ships, it's all kinds of
products we know that that are made in the United States.
And it's not just about business itself. It's about the country.
(12:24):
It's about labor, it's about priorities, it's strategic decisions. And
over a decade ago, China decided that ship building was
absolutely critical to the Chinese economy, to Chinese policy, which
is why they have produced half the ships that have
(12:45):
been built in the last ten years. On top of that,
according to Kim, let's say the shipping industry is successful
in moving to the United States to a great extent,
just finding skill old workers is impossible. Takes thousands of
workers to build the ship. Each individual ship. So what
(13:09):
Hanwa is doing hand while Philadelphia is they're doubling the
size of its apprentice class to train shipbuilders. It's doubling
the size to two hundred and forty trainees. Currently it
has one hundred and twenty trainees, and it wants to
(13:31):
build ships.
Speaker 2 (13:34):
One hundred and twenty and they're doubling it to two forty.
Speaker 1 (13:39):
So this is just another example where his heart is
in the right place. We're talking about Trump in terms
of bringing jobs and bringing factories here. Practically speaking, it's
not going to happen.
Speaker 2 (13:53):
It just can't happen.
Speaker 1 (13:55):
For example, cutting the budget, cutting it expenses by increasing expenses,
it just doesn't work. All right, Coming up, here's a
medical problem that's going on, and that's the broken heart syndrome.
Speaker 2 (14:16):
Is that a thing? It actually is a thing.
Speaker 1 (14:20):
When people die of the broken heart or by of
a broken heart. It's not just okay, he died of
a broken heart.
Speaker 2 (14:25):
No, this is real.
Speaker 1 (14:27):
And I'll tell you what scientists I have just discovered.
Speaker 2 (14:32):
You're listening to Bill Handle on demand from KFI AM
six forty.
Speaker 1 (14:39):
KFI Handle here on Monday morning, June ninth. I want
to tell you a story about a man fifty nine
years old, arrived at Peking University in Beijing for just
a normal procedure, and just before it happened, you started
having really severe chest pain and shortness breath, and the
(15:01):
doctor said he was experiencing Takotsubu cardio myopathy broken heart syndrome.
Speaker 2 (15:11):
WHOA. Now, it's pretty rare.
Speaker 1 (15:14):
It's a stress induced heart condition that as observed primarily
in women. But a study just came out in the
journal American Heart Association found that it.
Speaker 2 (15:26):
May be more deadly for men who get this.
Speaker 1 (15:31):
And it's thought to be caused by extreme emotional or
physical events, for example, learning about the death of a
loved one, or you break up with someone you really love,
someone walks on you, decides to leave the relationship, or dies.
Speaker 2 (15:49):
Just broken heart.
Speaker 1 (15:50):
Even winning the lottery is what they're finding, or lifting
a heavy soda sofa soda, yeah, it's me occurs when
the heart muscle is flooded with stress hormones, causing part
of it to freeze.
Speaker 2 (16:04):
So stress.
Speaker 1 (16:05):
We know that stress causes all kinds of issues, exacerbates pain,
and we know that stress just makes it more difficult
to live.
Speaker 2 (16:16):
Well, this is it goes beyond that.
Speaker 1 (16:18):
And the heart literally struggles to pump blood and it
looks like a heart attack. I mean, it's chest pain,
it's heart palpitations, it's an irregular heartbeat. But it's based
on stress. It's not hard attack based on stress. Now,
people have that all the time, right, you're so miserable,
(16:42):
then you have all the pains and it's a heart attack.
Speaker 2 (16:44):
No, no, this is because of the stress, the broken heart syndrome.
Speaker 1 (16:49):
And I don't want to get too technical because I
don't even begin to understand most of it. But are
adrenal glands release the fight or flight hormones, which increase
blood pressure and raise our heart rate, and we're supposed
to have that, and extreme levels can stun the cells.
Speaker 2 (17:12):
And now men are thought to produce more.
Speaker 1 (17:14):
Of these during stressful situations and just beyond the other,
beyond just the psychological part of it, okay, during the
stressful social factors may play a role.
Speaker 2 (17:30):
Now.
Speaker 1 (17:31):
Interestingly enough, most physicians know about takotsubu. I have to
ask Jim on Wednesday if he's heard of tako tsubu.
When I first looked at this article, I thought it
was one of the sushi pieces that you can buy.
Speaker 2 (17:45):
I'll have I'll have some tuna.
Speaker 1 (17:49):
I'll have a shrimp piece of sushi, Toro and takatsubo.
Speaker 2 (17:57):
No you die.
Speaker 1 (18:00):
Most decicians know about it, but think of it as
the disease affecting women because women get more stress with
these life events, and so they think the diagnosis was
overlooked in men. According to cardiologists and director of Mount
Sinai Heart Hospital, and men will also seek care at
(18:25):
a later stage because we're men, were strong and what
ends up happening when I was corrected by Amy. Is
when you have pains in your heart and it's not
a heart attack, they call it vagina, and thank you
(18:47):
for correcting me.
Speaker 2 (18:48):
Angina.
Speaker 1 (18:49):
Oh yeah, it's angina. I get the too confused all
the time. So the angina not vagina, is beyond just
heart pains that are not a heart attack.
Speaker 2 (19:05):
It may very well be takatubu.
Speaker 1 (19:07):
I thought i'd share that because guys, you're more apt
to have it than women, even though doctors think that
women have it more than men. And if you're like me,
you're never going to have it. You know why, because
you don't care. And if you don't care, you're not
going to get it. Okay, coming up, Okay, we have
(19:35):
we need mute over there someplace. Let me talk about
retirees underestimating three big, big costs and I'll share that
with you. Coming up, Kay, bye, am six forty bill
handle here. As we finished the show on a Monday morning,
June ninth, and we'll see if the protests downtown happen
(19:59):
once again. And as Ice is coming in and grabbing
people in the collateral damage is grabbing people that have
no business being picked up by ice and the other day,
a couple of weeks ago, outside.
Speaker 2 (20:14):
Of my community.
Speaker 1 (20:16):
I live in a gated community with a shaker just
down the street on the main drag, there were five
ice cars with the flashing lights on and grabbing people
because there's construction. They're building a new, major, major construction
near us, a bunch of houses. I think a couple
(20:37):
of thousand. All right, let's finish up with a retirement.
Talking about retirement, and I think a lot about retirement
because I am closer to retirement than.
Speaker 2 (20:49):
I was a couple of years ago, and on my
mind is retirement. Now.
Speaker 1 (20:53):
Most of us go into retirement relatively good health, and
we know we're going to pay for Medicare, and we
know you can pay four part d z f Q,
which means.
Speaker 2 (21:03):
Drugs and all of it.
Speaker 1 (21:06):
But what we don't really think about is as we
go deeper into retirement, we're.
Speaker 2 (21:10):
Gonna have a lot more medical problems. And we think
we're covered, But let me tell you what, We're not
covered with a whole bunch of drugs that are not
covered by Medicare.
Speaker 1 (21:22):
And that's a huge catch because if it's not on
the formulary, formulary being the list of drugs that's covered
by Medicare, You're gonna go broke. They're about five hundred
different drug insurance policies offer to people with Medicare, and
they all differ what they cover, and they all differ
(21:44):
as to what portion that means. Retirees who have a
two thousand dollars annual cap on their medications may not.
There's a drug called Imbruvica treats blood cancer fifteen thousand
dollars a month, and Medicare, well, what they did do
(22:06):
is negotiate it down to nine thousand dollars a month.
And if your plan does not cover this drug, well,
you're living in You can't even afford a dumpster. Forget
about living in a dumpster. So when you look at
your drug insurance plan every year, your Medicare or drug
insurance plan, look at the formulary, look at what's covered,
(22:31):
and a couple other things. If you look in a
rural area and you have to go to a doctor,
you know you're talking hotels. If you're going to the
big city, you have to stay there for a couple
of days when being treated. So what is going and
the other thing that's going on is go to an
emergency room sometime. Jim Kinney, he used to work at
(22:54):
Mission Hospital. He was running the er there. And I
sit down and I whenever I have a medical problem,
I call Jim or a friend has. And there's a
basic philosophy that Jim always has. Stay out of r rooms,
stay out of him. No matter what, You're gonna spend
(23:16):
hours and then see.
Speaker 2 (23:19):
A doctor for five minutes.
Speaker 1 (23:22):
So as a result of that, what's going on concierge
doctors that you pay out of pocket for And I
pay about I don't know, eighty dollars a month for
my concierge doctor. Why because I can call him, I'm
not going to the now. I happen to have Jim
Keeney who helps me out. But Jim won't write me
(23:44):
my prescription for ambient and so I've got to go
to a concierge doctor unfortunately. And I yell at Jim
all the time, but he said, not going to happen.
So the point is a lot of people you in
order to get the kind of medical care you really
need and quickly you.
Speaker 2 (24:04):
Go to a concierge doctor. Well that's money.
Speaker 1 (24:08):
All of these expenses are going to be big time
expenses as you go deeper into retirement, and we're lasting
longer in retirement. So at the bottom line is medical
care in the United States absolutely sucks, and you're gonna
go broke and you're gonna die sooner than you should.
All right, on that note, we're getting out of here,
and tomorrow morning it starts all over again for us,
(24:31):
and it's Amy and Will.
Speaker 2 (24:33):
Starting with wake up Call. The rest of us come aboard.
Speaker 1 (24:35):
Well, actually, Cono and Ann are always here, and then
Neil and I go from six to nine.
Speaker 2 (24:41):
That's it. We're done.
Speaker 1 (24:43):
Gary and Shannon up next. Catch you tomorrow. KFI AM sixty.
Speaker 2 (24:50):
You've been listening to the Bill Handle Show.
Speaker 1 (24:52):
Catch My Show Monday through Friday, six am to nine am,
and anytime on demand on the iHeartRadio app
You're listening to k I AM six forty the Bill
Handles show on demand on the iHeartRadio f KFI AM
six forty handle here on a Monday morning, May the
book excuse me June the ninth, Why may?
Speaker 2 (00:19):
I don't know where that came from.
Speaker 1 (00:21):
One of the things about president the president and the administration,
and something that I think all of us agree on,
is we want more jobs in the United States, or
we want.
Speaker 2 (00:34):
The jobs that are overseas where.
Speaker 1 (00:37):
We spend a ton of money on those products that
are manufactured overseas. We want the factories, we want the
jobs here. That's not a problem. We understand. And here
is the problem, and that is simply the practical approach.
Speaker 2 (00:54):
That's simple.
Speaker 1 (00:56):
As I said in the t's coming up, it's easy
to establish a tariff. As a matter of fact, the
President can wake up tomorrow morning and decide that by
six o'clock in the evening there will be an additional
thirty percent tariff that's levied against the insert name of
country or sector or product. The problem is moving a
(01:19):
factory over here. That's a problem. So let me tell
you where there is a real problem in terms of practicality.
The President wants shipbuilding to be brought back to the
United States. At one point, shipbuilding was a big part
of our industry, particularly during World War Two. You know
(01:42):
the Kaiser plant up north in the Sacramento area, Kaiser Permanentite,
for example, the medical program which Henry Kaiser started for
his shipbuilding employees. Well, the shipyard is done, Kaiser Permanente.
The medical HMO is still here. By the ways, anybody
(02:03):
know what Permanente stands for?
Speaker 2 (02:06):
Why is it?
Speaker 1 (02:07):
Kaiser Permanente? Hey, guys do no? Will is shaking his head.
Because the Kaiser shipyard was on the Permanente River and
it would go out to sea. The ships would be
able to go out to sea along the river.
Speaker 2 (02:24):
It was a very deep river. And so during World
War two.
Speaker 1 (02:29):
Just here's a figure, a stunner during World War two,
just in liberty ships.
Speaker 2 (02:39):
We're talking about the ships that took products.
Speaker 1 (02:43):
It took our arsenal, took not only food stuffs but
also armaments over to Europe.
Speaker 2 (02:50):
During World War two. Just the liberty ships.
Speaker 1 (02:54):
Two, not counting other ships, not counting battleships. All right,
So let me give you another stat The last ten years,
Chinese shipbuilders delivered six seven hundred and sixty five commercial ships,
about half the global deliveries. Japan delivered three one hundred
(03:16):
and thirty ships over the last ten years. South Korea
delivered two thousand, four hundred and five ships. The United
States a wopping thirty seven ships.
Speaker 2 (03:31):
Over ten years. How far behind are we and what
do we do? Well? There's a Korean company.
Speaker 1 (03:41):
Korea is a world shipbuilder, There's no question about that.
A lot of luxury ships, those massive luxury ships are
built in Korea, some are built in Norway. None of
ours are built in China, but it's it's a huge
industry over there. So this Philadelphia shipwar Yard, which was
(04:03):
effectively shut down when the military shut down so many bases,
assuming money is poured into Philadelphia, into the shipyard and
it's been bought by a Korean company that manufacture ships,
they won't even have space for new orders until twenty
twenty seven. You know why, because of the ships that
(04:26):
are being built in the United States, they're all being
built for the Navy. Because one of the things that
the Trump administration as well as the Obama administration as
well as let's go back, was trying to increase and
having to increase our naval forces as we're falling behind
(04:48):
other countries. At one point, we were the dominant naval
force on the planet.
Speaker 2 (04:54):
Nobody came close today.
Speaker 1 (04:56):
I think the Chinese have more ships than we do,
or if we do, it's a very small number relative
to the way it used to be. So there aren't
there isn't space to build normal shipping other than.
Speaker 2 (05:11):
Naval shipping in the United States.
Speaker 1 (05:13):
And remember the President wants ship building as a major,
major source of employment here.
Speaker 2 (05:19):
Let's take a break.
Speaker 1 (05:20):
I'm going to come back and I'm going to throw
another stat at you, which makes ship building here well
more than difficult, and how it's going to be done,
and how we put not ten pounds in a five
pound bag, but fifty pounds in a five pound bag,
and how difficult that is.
Speaker 2 (05:41):
So we'll come back with that. Don't go away out.
Speaker 1 (05:44):
Well, this is Caffi bill Handle on a Monday morning,
June ninth. Some of the stories recovering eggs in salmonella.
If you have eaten brown cage free eggs, certified organic
eggs like I have, yeah, I'll probably be going to
(06:12):
the restroom every few minutes starting in a couple of days,
because those are the eggs that unfortunately I eat, and
it's not my fault. I happen to live with someone
who is into this organic crap where I'll tell you that'll, yeah,
that's a payback. You eat organic crap and what happens,
(06:35):
You get salmonella and maybe you die.
Speaker 2 (06:37):
All right.
Speaker 1 (06:39):
I want to continue on with the premise that the
Trump administration and President Trump specifically has which I don't
think anybody has a problem with, and that is bringing
jobs back to the United States, building factories in the
United States to produce purposes, to produce goods not only
(07:01):
for our own consumption, but also to sell overseas.
Speaker 2 (07:06):
A couple of problems.
Speaker 1 (07:07):
Number one, the dollar is incredibly strong, as crappy as
our economy is, and our dollar it's still the economy
of the world, where the juggernaut of the world. Our
currency is the currency of the world. For example, Ecuador,
the Ecuadorian dollar. They don't have their own currency.
Speaker 2 (07:28):
It's the dollar. It's the US dollar, which they don't
print obviously. All right.
Speaker 1 (07:32):
So one of the things that President Trump has said
and wants to do is bring shipbuilding back.
Speaker 2 (07:39):
To the United States.
Speaker 1 (07:41):
A little bit of a problem China. I don't think
we'll ever catch up to China. We can't because they
do half the world market. It takes far longer to
build chips in the United States. It costs five times
as much. To give you an idea, that Philadelphia shipyard
that we just bought by the Korean company makes about
(08:03):
a ship and a half a year. The Korean company
that bought at hand Waw, they make about a ship
a week.
Speaker 2 (08:15):
Well, what do you do with that? Now?
Speaker 1 (08:18):
The owner, the CEO of that Korean company has not
said how much money the company intends to invest in
the US shipyard and bought it for one hundred million dollars.
Speaker 2 (08:28):
So does that give you an idea?
Speaker 1 (08:30):
I mean, one hundred million dollars a lot of money,
but a major shipbuilding yard for one hundred million dollars.
Speaker 2 (08:36):
So how is this going to work?
Speaker 1 (08:39):
How is shipbuilding going to be brought back to the
United States? Considering that ships costs five times as much
as in other shipbuilding countries, it takes far longer. Well,
the only way to do it is with insane subsidies.
We can get there, but the government has to subsidize
(09:02):
the building of these ships to the tune of billions
tens of billions per year over the next several years.
Speaker 2 (09:14):
And we've tried it before. For example, after.
Speaker 1 (09:19):
The naval base closed in nineteen ninety five, we're talking
about the Philadelphia Shipyards, there was an effort to produce
more commercial vessels. The problem is one of the executives
overseeing this said, we've been down this road before, and
what we do with ships in this country is ridiculous.
(09:42):
We had about one hundred years ago we passed the
Jones Act, which was effectively a tariff, and it said
that any ship that delivers goods or passengers from one
city in America to another city, in other words, only
American ports, has to be an American ship. Foreign ships cannot,
(10:07):
for example, go from Seattle to Alaska.
Speaker 2 (10:11):
You would think that the Alaska tour.
Speaker 1 (10:14):
Industry with ships, and now that inside passage is unbelievably
wonderful at that particular cruise You know why at all?
They all come out of Vancouver. By the way, do
you know.
Speaker 2 (10:26):
What kind of income to a city putting.
Speaker 1 (10:29):
A cruise port in where dozens and dozens of ships
park and that's their base port.
Speaker 2 (10:37):
Well, under the Jones Act, the reason it's in Vancouver.
Speaker 1 (10:41):
Because it can't be in Seattle, because the ships go
from a foreign port to Alaska, which is American.
Speaker 2 (10:51):
It's an American territory of course, the state.
Speaker 1 (10:54):
And if it goes from a US city, a La Seattle,
to Alaska.
Speaker 2 (11:00):
It's against the law. Can't do it under the Jones Act.
Speaker 1 (11:03):
We are just we are handling this completely wrong, I
mean across the board. And it is such a shame
that well, you know, the Jones Act screws it up.
There is an order right now for three Jones Act
(11:23):
compliant container ships and it was made by the previous
owner of the Philadelphia shipyard. They signed the contract. Each
of these ships coused three hundred and thirty million dollars.
If this company were to buy a similar ship in Asia,
(11:47):
it's about seventy million dollars. Who is going to spend
three hundred and thirty million dollars for the same ship
that can be bought for seventy million dollars in Asia.
Speaker 2 (12:00):
Impossible.
Speaker 1 (12:03):
And so Kim, the Handwall executive, who is head of
this whole thing in terms of buying the shipyard and
involved in he's head of the company that builds in Korea,
said that it's not just ships, it's all kinds of
products we know that that are made in the United States.
And it's not just about business itself. It's about the country.
(12:24):
It's about labor, it's about priorities, it's strategic decisions. And
over a decade ago, China decided that ship building was
absolutely critical to the Chinese economy, to Chinese policy, which
is why they have produced half the ships that have
(12:45):
been built in the last ten years. On top of that,
according to Kim, let's say the shipping industry is successful
in moving to the United States to a great extent,
just finding skill old workers is impossible. Takes thousands of
workers to build the ship. Each individual ship. So what
(13:09):
Hanwa is doing hand while Philadelphia is they're doubling the
size of its apprentice class to train shipbuilders. It's doubling
the size to two hundred and forty trainees. Currently it
has one hundred and twenty trainees, and it wants to
(13:31):
build ships.
Speaker 2 (13:34):
One hundred and twenty and they're doubling it to two forty.
Speaker 1 (13:39):
So this is just another example where his heart is
in the right place. We're talking about Trump in terms
of bringing jobs and bringing factories here. Practically speaking, it's
not going to happen.
Speaker 2 (13:53):
It just can't happen.
Speaker 1 (13:55):
For example, cutting the budget, cutting it expenses by increasing expenses,
it just doesn't work. All right, Coming up, here's a
medical problem that's going on, and that's the broken heart syndrome.
Speaker 2 (14:16):
Is that a thing? It actually is a thing.
Speaker 1 (14:20):
When people die of the broken heart or by of
a broken heart. It's not just okay, he died of
a broken heart.
Speaker 2 (14:25):
No, this is real.
Speaker 1 (14:27):
And I'll tell you what scientists I have just discovered.
Speaker 2 (14:32):
You're listening to Bill Handle on demand from KFI AM
six forty.
Speaker 1 (14:39):
KFI Handle here on Monday morning, June ninth. I want
to tell you a story about a man fifty nine
years old, arrived at Peking University in Beijing for just
a normal procedure, and just before it happened, you started
having really severe chest pain and shortness breath, and the
(15:01):
doctor said he was experiencing Takotsubu cardio myopathy broken heart syndrome.
Speaker 2 (15:11):
WHOA. Now, it's pretty rare.
Speaker 1 (15:14):
It's a stress induced heart condition that as observed primarily
in women. But a study just came out in the
journal American Heart Association found that it.
Speaker 2 (15:26):
May be more deadly for men who get this.
Speaker 1 (15:31):
And it's thought to be caused by extreme emotional or
physical events, for example, learning about the death of a
loved one, or you break up with someone you really love,
someone walks on you, decides to leave the relationship, or dies.
Speaker 2 (15:49):
Just broken heart.
Speaker 1 (15:50):
Even winning the lottery is what they're finding, or lifting
a heavy soda sofa soda, yeah, it's me occurs when
the heart muscle is flooded with stress hormones, causing part
of it to freeze.
Speaker 2 (16:04):
So stress.
Speaker 1 (16:05):
We know that stress causes all kinds of issues, exacerbates pain,
and we know that stress just makes it more difficult
to live.
Speaker 2 (16:16):
Well, this is it goes beyond that.
Speaker 1 (16:18):
And the heart literally struggles to pump blood and it
looks like a heart attack. I mean, it's chest pain,
it's heart palpitations, it's an irregular heartbeat. But it's based
on stress. It's not hard attack based on stress. Now,
people have that all the time, right, you're so miserable,
(16:42):
then you have all the pains and it's a heart attack.
Speaker 2 (16:44):
No, no, this is because of the stress, the broken heart syndrome.
Speaker 1 (16:49):
And I don't want to get too technical because I
don't even begin to understand most of it. But are
adrenal glands release the fight or flight hormones, which increase
blood pressure and raise our heart rate, and we're supposed
to have that, and extreme levels can stun the cells.
Speaker 2 (17:12):
And now men are thought to produce more.
Speaker 1 (17:14):
Of these during stressful situations and just beyond the other,
beyond just the psychological part of it, okay, during the
stressful social factors may play a role.
Speaker 2 (17:30):
Now.
Speaker 1 (17:31):
Interestingly enough, most physicians know about takotsubu. I have to
ask Jim on Wednesday if he's heard of tako tsubu.
When I first looked at this article, I thought it
was one of the sushi pieces that you can buy.
Speaker 2 (17:45):
I'll have I'll have some tuna.
Speaker 1 (17:49):
I'll have a shrimp piece of sushi, Toro and takatsubo.
Speaker 2 (17:57):
No you die.
Speaker 1 (18:00):
Most decicians know about it, but think of it as
the disease affecting women because women get more stress with
these life events, and so they think the diagnosis was
overlooked in men. According to cardiologists and director of Mount
Sinai Heart Hospital, and men will also seek care at
(18:25):
a later stage because we're men, were strong and what
ends up happening when I was corrected by Amy. Is
when you have pains in your heart and it's not
a heart attack, they call it vagina, and thank you
(18:47):
for correcting me.
Speaker 2 (18:48):
Angina.
Speaker 1 (18:49):
Oh yeah, it's angina. I get the too confused all
the time. So the angina not vagina, is beyond just
heart pains that are not a heart attack.
Speaker 2 (19:05):
It may very well be takatubu.
Speaker 1 (19:07):
I thought i'd share that because guys, you're more apt
to have it than women, even though doctors think that
women have it more than men. And if you're like me,
you're never going to have it. You know why, because
you don't care. And if you don't care, you're not
going to get it. Okay, coming up, Okay, we have
(19:35):
we need mute over there someplace. Let me talk about
retirees underestimating three big, big costs and I'll share that
with you. Coming up, Kay, bye, am six forty bill
handle here. As we finished the show on a Monday morning,
June ninth, and we'll see if the protests downtown happen
(19:59):
once again. And as Ice is coming in and grabbing
people in the collateral damage is grabbing people that have
no business being picked up by ice and the other day,
a couple of weeks ago, outside.
Speaker 2 (20:14):
Of my community.
Speaker 1 (20:16):
I live in a gated community with a shaker just
down the street on the main drag, there were five
ice cars with the flashing lights on and grabbing people
because there's construction. They're building a new, major, major construction
near us, a bunch of houses. I think a couple
(20:37):
of thousand. All right, let's finish up with a retirement.
Talking about retirement, and I think a lot about retirement
because I am closer to retirement than.
Speaker 2 (20:49):
I was a couple of years ago, and on my
mind is retirement. Now.
Speaker 1 (20:53):
Most of us go into retirement relatively good health, and
we know we're going to pay for Medicare, and we
know you can pay four part d z f Q,
which means.
Speaker 2 (21:03):
Drugs and all of it.
Speaker 1 (21:06):
But what we don't really think about is as we
go deeper into retirement, we're.
Speaker 2 (21:10):
Gonna have a lot more medical problems. And we think
we're covered, But let me tell you what, We're not
covered with a whole bunch of drugs that are not
covered by Medicare.
Speaker 1 (21:22):
And that's a huge catch because if it's not on
the formulary, formulary being the list of drugs that's covered
by Medicare, You're gonna go broke. They're about five hundred
different drug insurance policies offer to people with Medicare, and
they all differ what they cover, and they all differ
(21:44):
as to what portion that means. Retirees who have a
two thousand dollars annual cap on their medications may not.
There's a drug called Imbruvica treats blood cancer fifteen thousand
dollars a month, and Medicare, well, what they did do
(22:06):
is negotiate it down to nine thousand dollars a month.
And if your plan does not cover this drug, well,
you're living in You can't even afford a dumpster. Forget
about living in a dumpster. So when you look at
your drug insurance plan every year, your Medicare or drug
insurance plan, look at the formulary, look at what's covered,
(22:31):
and a couple other things. If you look in a
rural area and you have to go to a doctor,
you know you're talking hotels. If you're going to the
big city, you have to stay there for a couple
of days when being treated. So what is going and
the other thing that's going on is go to an
emergency room sometime. Jim Kinney, he used to work at
(22:54):
Mission Hospital. He was running the er there. And I
sit down and I whenever I have a medical problem,
I call Jim or a friend has. And there's a
basic philosophy that Jim always has. Stay out of r rooms,
stay out of him. No matter what, You're gonna spend
(23:16):
hours and then see.
Speaker 2 (23:19):
A doctor for five minutes.
Speaker 1 (23:22):
So as a result of that, what's going on concierge
doctors that you pay out of pocket for And I
pay about I don't know, eighty dollars a month for
my concierge doctor. Why because I can call him, I'm
not going to the now. I happen to have Jim
Keeney who helps me out. But Jim won't write me
(23:44):
my prescription for ambient and so I've got to go
to a concierge doctor unfortunately. And I yell at Jim
all the time, but he said, not going to happen.
So the point is a lot of people you in
order to get the kind of medical care you really
need and quickly you.
Speaker 2 (24:04):
Go to a concierge doctor. Well that's money.
Speaker 1 (24:08):
All of these expenses are going to be big time
expenses as you go deeper into retirement, and we're lasting
longer in retirement. So at the bottom line is medical
care in the United States absolutely sucks, and you're gonna
go broke and you're gonna die sooner than you should.
All right, on that note, we're getting out of here,
and tomorrow morning it starts all over again for us,
(24:31):
and it's Amy and Will.
Speaker 2 (24:33):
Starting with wake up Call. The rest of us come aboard.
Speaker 1 (24:35):
Well, actually, Cono and Ann are always here, and then
Neil and I go from six to nine.
Speaker 2 (24:41):
That's it. We're done.
Speaker 1 (24:43):
Gary and Shannon up next. Catch you tomorrow. KFI AM sixty.
Speaker 2 (24:50):
You've been listening to the Bill Handle Show.
Speaker 1 (24:52):
Catch My Show Monday through Friday, six am to nine am,
and anytime on demand on the iHeartRadio app
The Bill Handel Show News
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