The Dr. Doug Ramsey Show - 20240622

Episode Transcript

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The opinions and information expressed and discussedon The Doctor Doug Ramsey Show or for
informational and educational purposes only. Itis not intended to provide and should not
be relied upon for accounting, legal, tax or investment advice. Please consult
with a professional specializing in these areasregarding the applicability of this information to your
situation. All things financing business leadingyou to success at work, at home

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and in live. It's the DoctorDoug Ramsey Show and now here's your host,
Doctor Doug Ramsey. Welcome to theDoctor Doug Ramsey Show. I'm your
host, Doctor Doug Ramsey, broadcastingon the Moju Favo Radio Networks. So

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I saved the story producer Roun He'sthey went over to Paris, posted up
some great videos and content about thetrip. You know, it was a
graduation trip for his daughter, soit was fun to kind of follow a
long but I at one show Ihad recorded, waited for me to get

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back and collected up a few storiesacross the time he was gone. This
one from the Daily Express US froma couple of weeks ago. But it
just shows you if you win thelottery, you you've got to pay attention

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definitely. You never know what's goingto happen, which family members are going
to reach out, and what mighthappen to you. So this says.
The puzzling circumstances surrounding the death ofa businessman who died after winning a massive
one million dollar lottery prize in Chicagocontinued baffle investigators. Your Rouge Khan,

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a forty six year old dry cleaningbusiness owner originally from India Something, passed
away in July twenty twelve, justweeks after cashing his winning ticket. He
had opted to receive his winnings asa six hundred thousand dollars lump sum and
walked away with an impressive four hundredand twenty four thousand dollars after taxes.

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So there's two ways you can takelottery winnings. You can either take a
lump sum and they basically take thepresent value of all those future payments you
were going to get and then scrapethe taxes off of it as well.
So million dollar prize, he windsup with four hundred and twenty four thousand
under that lump sum scenario. Theother scenario is you take it in whatever

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frequency they're going to award it monthlypayments or quarterly or annually across twenty years
or whatever it happens to be.Obviously, you got to be paying taxes
each year as you like the winnings. The risk, at least in my
mind, where you take it acrosstime, is you gotta sure seck hope

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that agency, whichever agency it isstate and then which state it is,
is going to be paying you.You know, in those out years they're
going to be around, they're goingto be filing for you know, some
type of belief. I mean,Arnold Schwarzenegger when he was running California was

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talking about giving IOUs on pension moneyfor the cow State University system, and
I was collecting retirement checks from theCSU system. There's no way in heck
I wanted to be getting an IOU, you know. So there's there's the
risk associated with that. You know. The sure thing is you could take

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the lump sum and then you're dealingwith it and you got the money.
So this guy bought the Lucky ticketfrom his seven to eleven shop in June.
That came that same year, however, Rugia's sudden demise in July was
initially presumed at natural causes, sparkssuspicions when it was later found that lethal

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a lethal dose of sanine was presidentin the system leading up to his death.
Consequently, the case was treated asa murder investigation by the Chicago Police
Department. The autopsy was carried outafter one of the relatives brought the concerns
the police. It was later confirmedthrough toxcology results that he died due to

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cinine poisoning. Recalling the night herhusband who became ill, Shabana I'm Sorry
informed NBC News that he took illaround three am, proxmbly six hours post
dinner. She mentioned how he wasin severe distress before he collapsed. Speaking
to the Associated Press, she expressedher devastation over Rouga's untimely death, saying

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I can't believe he's no longer withme. She described him as a great
person and added nobody could be hisenemy. Police at the time mentioned that
I'm Sorry wasn't under any formal investigation. However, in a bizarre twist,
after Rouge's remains were exhumed in Januarytwenty thirteen, no traces of the poison

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were found, leaving many questions unansweredabout its entrance into his system. Stephan
sena Cook County's medical examiner at thetime, conveyed the CNN cyanide has a
short half life and it may belost over the post mortem interval unless the
tissues are adequally preserved. Staggeringly,the winning lottery check was issued to Rouge

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on July nineteenth, the day beforeis untimely death, but it was only
cash nearly a month later, onAugust fifteenth. By protocol, if a
lottery winter passes away, the wealthis transferred to his or her estate.
A decade since the incident appears,there have been no arrest linked with the
fatal event. Yeah, that's acrazy one there, And I read another

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article next week today where the husbandwins the lottery, wife divorces him in
the first few weeks after winning,and she gets half of the lottery proceeds
per the divorce process. So shewound up doing all right on that one.

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All right, cars, you mayheard this. You know, dealerships
use tools and applications like every otherbusiness, and this one's a big problem.
This comes to us from Friday,June twenty first from CNN. Can

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I even buy a car. Iwant to know about the massive auto dealer
outage. CDK Global is a ubiquitous. Is ubiquitous in the auto dealership world.
That software is used at fifteen thousanddealers. Its products handle everything from

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records the scheduling. Now, thousandsof dealerships across the US and Canada are
entering a third day in a neardeadlock after two consecutive cyber incidents at CDK
Global led to a shutdown of itssystems. There's never an opportunity time for
a systems outage, but it's nowthe official start of summer, a time

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when many Americans are shopping for anew car and dealerships enjoy a bump in
sales. Here's what the CDK Globaloutage means for both car sellers and shoppers.
On Wednesday, CDK spokesperson Lisa Finneytold CNN that the company was investigating

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this cyber incident out of an abundanceof caution and concern for our customers.
We have shut down most of oursystems and are working diligently to get everything
up and running as quickly as possible, Finny said. In a statement later
Wednesday, company said most of itscritical computer systems were back online, but

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Thursday morning, the company told dealershipsanother incident had happened. North Carolina based
Sonic Automotive said it was a cybersecurityincident. CDK said it proact we shut
down most of its systems after itexperienced an additional cyber incident later in the
evening on Wednesday, June nineteenth.In partnership with third party experts, we

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are assessing the impact and providing regularupdates to our customers. We remain vigilant
in our efforts to reinstate our servicesand get our dealers back to business as
usual as quickly as possible, companysaid in a statement on Thursday. On
Thursday afternoon, the company said itstill had no new information. Company told

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dealers to systems could be down forseveral days, According to two sources briefed
on the situation, CDK Global providesdata and technology to different automotive dealerships.
Its systems are used by roughly fifteenthousand car dealerships across the US and Canada.
CDK operates different products the car dealersuse to handle things like keeping records

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of negotiated deals, to scheduling andcommunicating about service not every dealer uses CDKS
products, and even those that domay not use them for everything, but
the system shutdown has been a problemfor many. To protect customer privacy,
customers details aren't written out on apiece of paper that's just sitting on a

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desk anymore. Sad information about dealsand customer appointments is kept on a server
that's now impossible for salespeople affected bythe outage to access. The outage can
eat into sales during the first officialweek of the summer summer is a car
buying season post Memorial Day. Thispresents increased opportunities for vehicle sales, service

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and of course revenue. Also meansthat it's time to roll out your summer
sales and service marketing campaigns. Ina Securities and Exchange Commission filing, Sonic
Automotive said the outage resulted in disruptionsto its dealer management system hosted by CDK,
which supports critical dealerships, dealership operations, including those supporting sales, inventory

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and accounting functions, and this customerrelationship management system. So basically their applications
from running all of you've customer andinteractive systems that are customer facing. The
company said that while the outage hasaffected it to business operations, that hasn't

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determined the financial impact. Jeff Ramsey, no relation, an executive with Orrisman
Auto Group, which is headquartered inMaryland, told CNN the shutdown is a
major hassle and could cost us dealershipssome businessess customers who are delayed in closing

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a sale at one of his dealershipscould just find a dealer nearby that's not
having these issues and buy a newvehicle there instead. However, some effective
dealerships are still selling cars. Myselling team can handwrite a buyer's order,
said Brian Benstock, general manager ofParagon Honda and Paragon Accura in Long Island

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City, New York. But salespeoplecould lack access to customer agreements that have
been previously negotiated, making it harderto close those sales. Dealers CNN spoke
with had said there's more than justthe negotiating price of the car involved,

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since these agreements can involve rebates incentives, some of which customers must show they're
qualified for. Ramsey, whose companyoperates a number of dealerships, set automakers
including Kia, Toyota, and stillaniswhich makes Jeep and Dodge vehicles, have

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been very helpful with finding ways toserve customers even with all technology issues.
Ford also said its dealerships involved inthe CDK autage have alternate ways to take
care of customers. Although there isan industry wide system matage for some dealers
who use CDK, Ford and Lincolncustomers are able to receive sales and service

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support due to alternative processes available toour dealers. While customers local dealer remains
the best place for information about theirsales and service needs, they can always
contact the Ford Customer Service Relationships Center. So if you're a Ford owner,

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call one eight two three six seventythree. All right. Speaking of automobiles,
the ev push chalks up another casualty. This article from Business Insider from

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June nineteenth talks about the inside insidethe downfall of Henry Henry Fisters Fisker's second
automotive startup, which just filed forbankruptcy. It has been four years since
famed automotive designer Henrik Fisker unveiled histest arrival and SUV called the Ocean,

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and the vehicle still wasn't ready andthe week's leading up to the Big June
twenty twenty three event, Fisker staffraced to fix faulty parts on at least
four of the twenty two evs thatwere set to be delivered, even stripping
parts off the CEO and cfo's personalcars to repair the vehicles, including door

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handles and seat sensors. According toeleven sources familiar with the incident, two
days later, Fisker board member WendyGrules Ocean Suv, one of the cars
that had been delivered at the event, shut off on a public road while
going full speed. Five sources saidthat you don't want to have happened later,

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the same thing happened to Geita goopTo Fisker, Henrik's wife, and
the company's CFO and COO workers,said. A Fisker spokesperson denied that workers
used parts from pre production vehicles forcustomer cars and said gruels Car didn't stop
on a public road. Company saidgoop To Fisker's vehicle had malfunctioned, but

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the issue was resolved. When techCrunch previously reported the incident that Gules with
Gruels Car, the publication said thecompany had confirmed the incident and said the
issue was fixed. The issue wasunrelated to Fisker's part swapping, but one
thing was clear. The electric carshad barely hit the road and already the

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problems are piling up. Henrik Fisker'sEV startup seemed to be an easy sell
at first. The sixty year oldautomotive veteran boast the long history in the
industry, known for being the designerbehind the asd of Martin V eight,
the BMW Z eight roadster that famouslyappeared in a nineteen ninety nine James Bond
film, and helping design Tesla's models. Even though its Henrik's second automotive startup

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after his first company went out ofbusiness in twenty thirteen, some workers told
Business Insider that it was easy todismiss worries early on that his second company
could meet the same fate. Forhis part, Henrik said he planned to
do things differently this time. Hewould follow Apple's model by outsourcing production through

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Magna International, and he also aimedat target the middle of the market with
a more affordable EV option that couldcompete with Tesla's best selling model. Y
Fisker in Could merged in twenty sixteenand went public in twenty twenty VA spack
backed by Apollo Global Management. Atone point, the company's market value toward

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as high as eight billion dollars.At the time, Fisker was one of
several EV startups to burst onto thescene. Rivian, Loosen, and Lordstown
all wanted the chance to compete withTesla. Since then, production in market
headwinds have pushed some EV startups toshutter, and major players like Ford and

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GM to scale back their electric vehicleoperations. Even Tesla has struggled, seeing
revenue decline, and I was hopefulat first. One former VP who worked
at both Fisker startups said, initially, at least it seemed like he'd learned
from his mistakes. It became obviouslater on that they hadn't. A Fisker

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spokesperson said it would be unfair tocompare the two companies. On Monday,
the company announced it had filed forChapter eleven bankruptcy after months of struggling to
stay afloat. The company cited variousmarket and macroeconomic headwinds. Business insiders spoke
with over two dozen current and formerFisker employees who worked at the startup during

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various periods from its launch in twentysixteen to the present. The workers,
whose identities are known to Business Insider, requested anonymity as they were not authorized
a comment on Fisker's behalf and fearedprofessional reprisal. Many of Fisker's woes can

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be traced back to the husband wifeduo that launched the brand. Multiple former
current workers told BI that's business COCA. They described the disorganized environment in which
unqualified people were brought in to leadmajor programs in basic automotive standards were ignored.
When Henrik often served as a figurehead, Gupta Fisker was heavily involved in

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everyday decisions, including on the engineeringside. Eleven workers said prior to taking
on the role of CFO and COEOOat Fisker, Gupta Fisker had served as
an investment manager for the Fisker familyoffice and as an advisor at a nonprofit.
She had no prior experience in theautomotive industry, but at Fisker,
the worker said, she managed dealswith Magna and outside parts suppliers, frequently

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popped into engineering meetings and weighed inon everything from parts purchases to software decisions.
A spokesperson for Magna declined to commenton Fisker. Of Fisker spokesperson denied
comments, and Hendricks Henrik took ona more passive role and said he was
deeply involved. It's pretty cool lookingcar, the Fisker Karma. I got

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a picture of it here in thearticle. Forty nine year old Gupta.
Fisker quickly became known in the companyfor her shrewd cost cutting abilities, but
her strategy meant that at times Fiskerended up using components that didn't match the
correct specifications for the Ocean. Fiveformer current workers said group to Fisker made

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several decisions and used cheaper parts againstFisker executive and mcconough executives. Advice to
workers said, the mismatches that's supposedto be Magna. Oh, they misspuilled
it and there the mismatches led toissues with over the air updates, the

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five workers said. The company saidMagna oversaw the majority of parts sourcing.
In a significant amount of the partscame from Magna and as suppliers. In
conversations with BI, staff blamed manyof the Ocean's faults and the cost cutting
efforts. Several workers said that inthe months leading up to the vehicle's launched,

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they filed internal reports recommending that theproduct undergo for their testing and development
before its release. They said theywere told the company planned to proceed anyway.
The focus was on getting the carto market as soon as possible,
when former workers said the overarching beliefwas we could fix things with updates later

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on updates and recalls. Holy smokes, and that's expensive. A Fisker spokesperson
said Magna was responsible for tot andreleasing and releasing the Ocean and it had
been fully certified by regulators in theUS and Europe. The company has been

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sending out over the year updates sincetwenty twenty three, company said head of
the release, Fisker engineers were awareof multiple issues at the vehicle, according
to five current former workers, aswell as internal documents viewed by Business Insider
engineers that identified issues with the effectiveeffectiveness of the cars door handles, key

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fobs, and seat sensors. Overthe past year, the National Highway Traffic
Safety Administration has launched four investigations intoFisker's SUV, including issues with inadvertent breaking
and flaws in the vehicle's door latchsystem. The company said it is cooperating

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with the NHTSA. Fisker has alsofaced dozens of lemon law lawsuits. Last
year, Fisker issued a recall fora software related issue that it said caused
some of its vehicles to suddenly losepower. All right, so that isn't
just made up at the beginning ofthe article. In its haste to bring

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the car to market, Fisker failto set up an effective system for processing
repair orders and warranty claims. Sevencurrent informal workers set technicians were tasked with
filling out the work orders, andmany of them said they hadn't been trained
on the process. In lieu ofa working warranty system, some workers began
processing the repairs without the proper CaliforniaBureau of Automotive Repair Codes NEPA license numbers,

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using one, two, three,four, five, six as a
placeholder on a number of repairs.According to an internal document by bi that's
not good without a proper system theprocess warranties or repair orders. The majority
of repair when on accounted for.Seven current and former workers said that meant

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that there wasn't an adequate way forFisker to keep track of which parts were
being used for repairs for its ownfinancial records. It also meant many customers
did not get a record of therepairs, workers said. Meanwhile, Fisker
also struggled to find the necessary partsfor all the fixes. The company hadn't

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set up much inventory for after salesparts, so some of the parts used
for customer fixes it came directly offthe factory line, meaning they were meant
for production vehicles, or other partswere shipped off pre production and production vehicles.
Man In one instance, Fisker strippedparts off of an engineering test vehicle

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that had been shipped from Mangus facilityin Graz, Austria under an import bond.
According to three for workers, thevehicle was supposed to be destroyed in
its entirety shortly after it was deliveredto comply with the terms of the imports.
This is typically within a year,but the period can be extended in

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one of your increments up to threeyears. The vehicles parts were not intended
to be used for customers' cars.Wow. Well, this goes on with
a few more misdeeds, but doesn'tsound like they were managing their company very
effectively. All right, this nextarticle you talk about misdeeds. Wells Fargo

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just can't seem to shake a legacyof just all conson failures, control issues,
insider shenanigans. Let's say, sothis is from USA today, It's
from about three days ago. Thenineteenth says Wells Fargo employees fired after fake

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work claim turns up keyboard sim Accordingto Bloomberg, so what are we talking
about here? More than a dozenWells Fargo employees were fired last month following
an investigation about the bankers fake working, Bloomberg reported. The financial services company
found that the employees, who allworked in the Wealth and Investment management unit,

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were creating the impression of active workby way of keyboard activity simulation.
According to the reporting by Bloomberg,they were all discharged on May eighth by
Wells Fargo following an internal investigational claimsin Bloomberg reported. And this is funny
because as soon as I've read this, I had flashbacks to the Simpsons and

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Homer Simpsons on what was he ondisabilities? He's at home and he's got
the beaker bird, and the beakerbird is pecking the y key for yes.
So the thing would just keep bobbingover the y key and looked like

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Homer was cranking out all kinds ofwork whatever he needed to do from the
house, and he's just sitting therechilling out stuff in his face with donuts.
Whether the keyboard simulation was an externaldevice or software was not immediately cleared,
nor was the location of the employeeswho were accused of faking work LORI

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and I had. A company spokespersontold the USA Today Monday that Wells Fargo
holds employees of the highest standards anddoes not tolerate unethical behavior, and declined
to provide additional comment on the manner. Wells Fargo is one of the last
financial institutions to make employees return tothe office after the COVID nineteen pandemic,
requiring them to opt into a hybridflexible model in twenty twenty two. According

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to Bloomberg, most employees are inthe office at least three days a week,
while some members of management are infour days and many other employees,
such as branch workers, are infive days. West Fargo isn't the only
company spying on employees to gauge levelsof productivity. You're ensure that works work

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tasks are being completely done in thetimely man or they kind of butcher that
up. Dan Mauer, director ofGovernment Affairs and Communications Workers of America,
told USA Today last year that thiswas happening at a lot of companies,

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and it has been since the COVIDnineteen pandemic, which forced a number of
companies to offer millions of employees theability to work remotely. According to the
Electronic Frontier Foundation, spying bosses typicallyuse software tools or devices to monitor activity,

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including logs of clicks, keystrokes,online behavior, and other characteristics.
According to the EFC, there area few regulations in little legal resource recourse
to prevent companies from spying on theirworkers. Pennsylvania delegates in the House and

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the Senate introduced the Stop Spying BossesAct in twenty twenty three and again this
year, but both measures were sentto committee and with no subsequent action taken.
So I don't know where you comeout on this isn't it shouldn't be
the employer's right to know that theperson that they're paying their employee is working

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on behalf of the company during workhours and not spending time on Facebook and
whatever else, Twitter and everything.So I don't know that that's a strong
argument that to try to get peopleto stop spying or the employers, I'd

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be asking for the same thing.If I was their boss, I would
say, all right, that's iton that article. All right, so
fast food, I've talked about theCalifornia minium wage. He had really his
reek havoc on fast food establishments inthe state. Governor knew some policy just

(30:57):
wasn't well thought out. Well,there's one fast food worker manager here who
makes one hundred and seventy four thousanda year. So I thought it was
an interesting contrast to show that thereare opportunities in the fast food space if

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you get into the right position,you know, with the right fast food
company. But it's something to thinkabout. This comes from the Wall Street
Journal, and this is from LooksLike two eighteenth. Monique Pizzano has spent

(31:37):
three years as a general manager,and her six figure earnings have helped her
say for a house down payment,take a honeymoon to Japan, and support
her mom. The twenty seven yearold from Ontario, California, feels lucky.
Many of her fellow University of CaliforniaRiverside that's UCR graduates haven't been able

(32:00):
of fine jobs. We are earninglow hourly wages. Bizano is one of
about eight hundred and fifty general managersfor Raising Canes, where her pay can
reach one hundred and seventy four thousanddollars annually, including bonuses based on her

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location, sales and profit. Thefast growing Chicken chain views its managers as
critical partners, and the company basedin Baton Rouge, Louisiana, pays them
to be perfectionists. It's been lifechanging for my family, Pizano said about
her job and earnings. California raisethem into a wage for fast food workers

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to twenty bucks an hour in April, a move Backer said will help hundreds
of thousands of people have a betterquality of life in the high cost state.
Gaining less attention was the requirement forchange to boost pay for managers.
Big fast food chains are required topay salary managers at least eighty three thousand,

(33:08):
two hundred dollars to con apply withCalifornia rules, up from sixty six,
five hundred and sixty bucks if not. Operators need to pay their managers
hourly wage plus overtime if they workmore than forty hours a week. I
think a lot of them do.In California, many changes have raised prices

(33:31):
they'll pay for higher labor costs.A slowdown in US restaurant visits has been
more pronounced in the Golden State,according to analysts reports. Franchisees for some
chains said they have debated converting somesalary jobs to hourly ones. Nationwide,
restaurants are showing out more money forexperienced leaders who will stick around and help

(33:53):
locations thrive. Chipotle, Mexican Grill, and Shakeshack are among fast food chains
now paying compensation above one hundred grandto store level bosses, which while others
grant stock raising canes and March raised'stannual based salary at eighty five grand from

(34:14):
seventy nine thousand dollars. The chainraised staff wages at the same time,
delighting everyone who worked at the restaurant, roughly fifteen miles south of the city
of Los Angeles. Moments like theseare some of the best parts of the
job, Pazano said, recalling whenshe notified staffers about the wage increases.

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Some are moms supporting families, Othersare young people holding down their first jobs
or recent college graduates. The increasedpay is helping with worker retention, Raising
Caines said on Thursday. On arecent Thursday at Raising Canes, Bizano had
driven around the restaurant and expecting fordamage, fired off emails were overnight workers

(35:01):
and helped prep some of the ninehundred lemons needed for the day. It
was only seven thirty am. Whenyou're going this fast as seconds are precious,
said Bizanto, who takes around fifteenthousand steps at work on a typical
ten hour day. God, I'dfall over these days. That's been too

(35:21):
many hours sitting behind a desk.The Raising Caines location in Carsonton, California
averages seven hundred thousand customers a year, with a drive through line at times
swelling to one hundred cars. Thatis insane. She manages the restaurant's ninety
six employees, including managers. Sohere's a look at her typical day.

(35:51):
So if you want to get intothis pay range, you really need to
understand what to expect if you're gonnatake on the job. Five forty seven
am, Pisano pulls into the parkinglot and looks for issues since the restaurant's
two am closing, so I don'tknow where she lives exactly relative to the

(36:13):
restaurant, but that means she's gettingup at you know, an hour hour
and a half before arrival time,So that's for forty seven Somewhere in the
four o'clock hour, sippy water froma tumbler. She pounds out emails to
her closing crew about problems she hasspotted. An oder tablet was unplugged,
creating a potential bottleneck at the drivethrough. A ceiling fan was left on

(36:37):
overnight, generating unnecessary costs. Atseven point twenty, Pisana wraps up the
lemon juicing when another manager joins herto start whiskying Cane's signature sauce. The
restaurant makes him around two hundred fiftypounds of sauce for the day. Holy
Smokes. Workers will apportion the sauceinto individual cups, with Pisano planning to

(37:02):
go through around twenty five hundred ofthem. Canes has a menu centered on
chicken fingers, fries, coleslaw inTexas toast, but the brand expects excellence
in its food and service. CoCEO AJ Coumeran said the eight hundred unit
chain had nearly four billion dollars inUS sales last year, up nearly twenty

(37:24):
one percent from twenty twenty two.Market research firm Technomic said it is one
of the nation's fastest growing restaurant chains. Four billion in revenue. That's pretty
insane. Two workers start marinating chicken. Knes marinates. It's chicken for twenty

(37:45):
four hours in The restaurant needs seventyfour buckets of marinate this day. Pizzano
rings a cow bell to pump upevery pump up employees before the nine am
opening. Two workers receive chicken fingerneon signs to commemorate through third anniversary with
the company all right, ten amrolls around. The day is already busy.

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At morning, customer orders a sandwichand two medium size soda cups filled
with cane sauce. The taxi hastrended on TikTok and the customer wanted to
get in on it. Pizzano said. Bizzano's sipping on a Macho lante for
a booze takes a manager's side toremind them to check the quality of the

(38:28):
restaurants oil, something he had missedon his checklist. Coaching is a big
part of her job and getting herrestaurant to perform counts towards earning her bonus.
At around nine million dollars in annualsells, Bizzano's restaurant does more business
than the average location for McDonald's HolySmoked. Nine million for a single store

(38:52):
is insane. That's huge. Ididn't decide to look at a seventy two
store liquor chain and their best performingliquor store location was doing somewhere in the
eight million dollar sales range. Butnine million for a chicken finger place,

(39:15):
that that is a ton of businessraising. Canes incentivizes Pisana to maintain those
sales, offering a monthly bonus offive thousand dollars to seventy five dollars from
meeting certain financial targets. The restaurant'slunch business is picking up. Workers are

(39:36):
packing in order for one hundred andfifty chicken fingers for a tailgate. All
right, noontime, the lunch rushesarrived. The restaurant names to serve customers
within thirty seconds once they arrive atthe drive through pickup window. Canes expects
workers to package food correctly while workingfast. Pizantal coaches employees on the best

(40:00):
fork placement with the orders. Aworker filters the fry oil for the first
time in the day. Others inthe kitchen sing along to Justin Timberlake's song
My Love while scrubbing dishes. Threepm, the restaurant's midday workers are preparing
for the after school rush. Pasanotries to plan for peaks. The La

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Galaxy professional men's soccer team is playingat a nearby stadium in two days,
often translating to a crush of orders. Pasano faces one of her least favorite
tasks, firing a worker for apolicy violation. These conversations are never easy,
she said. She later finds thatthe restaurant went through much more hot

(40:45):
sauce than normal the previous day.She quized the workers on how much they
were dispensing and coached them to reduceportions. Four pm, Pasana's day inside
the restaurant is ending and she doesher final walkaround. She makes a note
to follow up with a soda vendorabout shipping a component for the drive through
beverage dispenser. After leaving the restaurant, Pisano is still working. She drops

(41:08):
off kids mealed gift certificates to alocal taekwondo dojo raising Canes expects restaurant leaders
to figure out how best to markettheir locations. The boost sales. She's
doing a darn good job. They'redoing nine million of them year in that
store. Pisano gets the occasional latenight call. About a year ago,

(41:30):
a man attempting to evade police duringa car chase ended up in the restaurant's
drive through. One call this pastyear came after a ruptured air conditioning billowed
smoke through the vents. She couldhave opted for a job with more traditional
hours. In twenty nineteen, asher college graduation neared, Pisano interned at

(41:52):
the Riverside Public Planning Department. Shechose restaurant work, sitting at a desk
and fixing documents and wanted to fallasleep Caauseanno said, I wanted to be
on my feet. Interesting. Youknow, it takes some hard work and
dedication here, but if you're willingto put in, you know that puts

(42:15):
her at about a twelve twelve tothirteen hour day, but it seems to
be paying off all right. California'staco crisis grows is iconic Mexican restaurant shuts

(42:36):
down as the headlines is from theDaily Email. Popular Mexican restaurant is closing
its doors for good in California,becoming the latest business to shut her following
a stintsmanimum wage rise launches twenty fifteen. S thelwt Tacos has been a fixture
of San Diego Where's Their satisfied customersauthentical Latin American cuisine for nearly a decade.

(43:04):
The owner of the renowned Mexican restauranthas identified several contributing factors for why
their business went under, including problemswith their lease and minimum wage increases.
On Salut Taco's Instagram page, theyfocused their inability or they discuss their inability
to secure a new lease for theireatey. This might be one of the

(43:27):
hardest things I've ever had to expresspublicly. The owner set in his statement
for the past year or release inBarrio Logan was coming to terms and we
have been trying to negotiate a newlease in our same space and over the
past year nothing has come to fruition. They continued not being able to secure

(43:47):
what we needed, along with othersetbacks out of anyone's control. I've had
to realize that maybe things happened fora reason and are just meant to be.
The owner concluded, after many sleeplessnights, after wrestling with many thoughts
and emotions, and after much consideration, I decided to close our doors to

(44:08):
Salute as we know it. Thebomba popular bar that was associated with Saluted,
will also be shuddering. The disappearanceof Saluted Tacos, which effusive locals
referred to as the King of allTacos, has left the hole in the
community. And this goes on aboutthe wage increase. But you know,

(44:34):
here's a place that's been around fora long time and just can't hang on.
And who knows what the landworder wastrying to do on rent increases and
so forth. All right, nextarticle, which I think is interesting.
If you're planning, some of youmay one day plan to go to law

(44:57):
school. I was thinking about ajoint degree. Applied for a joint NBA
or JD NBA, which is afour year program. Thank goodness, the
University of Chicago's law school didn't acceptme because I was burned out at the

(45:19):
end of my two years of theNBA program. I went straight through undergrad
four years graduate school two years Iwas fried and I couldn't have made it
through law school. That was toomuch school in that concentrated block. But
here's kind of an update on thelaw schools. Here's the ten law schools

(45:44):
that produced the highest earning graduates.So keep this in mind. So this
is a survey. Florida Law Firmand Anijar and Levine analyzed data from ABA

(46:05):
accredited schools. Number ten Loyola UniversitySchool of Law. They're based in Chicago.
Tuition is twenty five thousand, threehundred and forty five dollars per semester.
On average, graduates of Loyal earnedone hundred and ten thousand, six
h and fifty eight bucks annually fouryears after completing their education in ninety seven

(46:30):
thousand dollars two years postgraduation. Loyola'sfamous alumni or a diverse bunch and include
Gloria Allred, Robert Shapiro, andJoe Escalante of the punk band The Vandals.
See you can still have a musiccareer if you can go to law
school all right. In the numbernine spot, Seaton Hall School of Law

(46:53):
that's in Newark, New Jersey,thirty two thousand, five hundred ten dollars
per semester to go there. Graduatesof School of Law in Newark, New
Jersey secure the ninth highest national sallyat one hundred and fifteen undred thirty three
bucks. Remarkably, the figure risesto the sixth highest nationwide at one hundred

(47:15):
and one thousand, four hundred andsix just two years after graduation. Seenaha's
four centers focusing on intellectual property law, public interest law, health law,
social justice, and public policy.It has been consistently ranked as one of
the top colleges in the US bythe Princeton Review. All Right number eight

(47:37):
Boston University School of Law. Itis in Boston. No surprise. Tuition
for the full year they just quotedfor the full year sixty three thousand,
six hundred and six bucks. BostonUniversity School Law alumni achieve a substantial average
income of one hundred and eighteen grandfour years after graduating. Even at the

(48:00):
two year mark following graduation, theearning stand impressively at ninety six eight hundred
twenty nine dollars ranking the school isthe eighth highest nationwide. Curriculum offers many
programs inclining health law, intellectual propertylaw, and tax all Right number seven
slot the University of Florida's Frederick G. Eleven College of Law that's in Gainesville,

(48:28):
Florida. In state, it's twentyone eight hundred and three dollars out
of state thirty two thousand and thirtynine dollars per semester. Graduates from the
Frederick G. Eleven College of Lawachievement average an your income of one hundred
twenty five two hundred and sixty fivedollars four years after completing their studies in
ninety six and eighty three dollars twoyears postgraduation. Fun fact, at least

(48:52):
one of the schools alumni has servedin the Florida Supreme Court every year from
nineteen forty to present day. Anotherfun in fact, the attorney the school
was named for, Pensacola native FredLevin, once won a settlement against the
tobacco industry on behalf of the stateof Florida. That was where thirteen billion
dollars netted his law firm a payoutof three hundred million bucks. Wow number

(49:19):
six. The school a low atSanta Clara. Location is Santa Clara,
obviously in California. Tuition's fifty eightthousand and four to sixty four a year
on average four years after graduation fromSanta Clair, alumni from this institution to
join the annual salary of one hundredand twenty eight six hundred and twelve dollars.

(49:44):
However, at the two year postcompletion mark, Santa Clair's earning stand
as the lowest within the top ten, with an average is just eighty six
four to twenty four. Leon Panetta, the former director of the CIA,
graduated from Santa Clara all Right numberfive slot Georgetown University. Georgetown is in

(50:06):
Washington, d C. Annual tuitionseventy nine hundred and fifty bucks, taking
the fifth spot as Georgetown University,situating in the heart of Washington, d
C. Graduates Graduates from this prestigiousinstitution in the nation's capital achievement average annual
income of one hundred and forty andninety six dollars four years after completing the

(50:29):
education it's two year mark, it'sone hundred and eighteen thousand, six hundred
and fifty underscoring the school's commitment topreparing students for successful careers. Famous alumni
include Michael Steele, former chairman ofthe Republican National Committee. News anchor Greta
Conway Van Susteren and Today's show hostSavannah Guthrie. So you can become a

(50:54):
show host if you go to lawschool as well. All right, number
four NYU right there in New York, New York, seventy ninety dollars to
go there. At four years,they're making one hundred and eighty three thousand,
five hundred and twenty nine dollars,marking the fourth highest nationwide and surpassing

(51:16):
the average among the top one hundredand fifty highest earning schools by an impressive
eighty percent. The two year point, that figure stands out at one hundred
and thirty seven twenty one dollars.Notable graduates school include Mario Cuomo, a
former governor of New York, SonyaSodomyer, the current Associate Justice of the

(51:44):
Supreme Court, and Eric Holder,who served as the United States Attorney General.
All Right, then we got DukeUniversity in Durham, North Carolina.
Duke great campus, great down tuition, seventy four thousand, one undred bucks
a year. They averaged an impressiveaverage annial salary a two hundred two two

(52:10):
and fifty four bucks four years out. At the two year mark, they're
average one hundred sixty eight thousand andninety eight bucks, making it the second
highest nationwide for this stage of postcompletion earnings. Duke Posts alumni roster.
It includes former US President Richard Nixonall right number two Yale in New Haven,

(52:37):
Connecticut, seventy one, five hundredand forty dollars a year four years
out average two hundred four thousand,six hundred and sixty eight bucks. Two
years out one hundred and thirty twothousand and thirty two dollars. Yale has
a rich history of notable alumni,including former US Presidents Gerald Ford and Bill

(52:58):
Clinton, as well as up toI'm former US attorneys general and I finally
in the number one spot Cornell basedin Ithaca, New York. If you
can stand the cold, seventy sevenand eight dollars per year four years out.

(53:19):
The average salaries two hundred and fortynine grand two years out is one
hundred and seventy two thousand and eightsixty seven. Cornell's alumni network consists of
several members of the US Congress,former secretaries of State, and even the
former President of the International Criminal Court. So I thought that was interesting.

(53:39):
If you're really buckling down and you'relooking for you know, the big payout,
and you want to go work fora big law firm. That list
gives us some data points you knowobviously where most of them are located,
or higher costs of living parts ofthe country, so consequently the salaries will

(54:05):
fun that but really interesting. Stayyou've been listening to the Doctor Doug Rancy
Show. Remember, I can't makeit go without that