Speaker 1: You're listening to Bill Handle on demand from KFI AM
Speaker 1: six forty KFI AM six forty.
Speaker 2: Bill Handle here Veterans Day, Tuesday, November eleventh, coming up
Speaker 2: at seven fifty. Little handle history. The history of Veterans
Speaker 2: Day very interesting, to say the least. Now, as we
Speaker 2: spoke yesterday, we knew that the vote to avert the shutdown,
Speaker 2: to shut down the shutdown, the governmental shutdown was going
Speaker 2: to happen, and it did on a sixty to forty vote,
Speaker 2: and he needed sixty votes to stop the shutdown, and
Speaker 2: the Republicans won out. The Democrats caved. A couple things
Speaker 2: that take away here. One of them is Chuck Schumer individually.
Speaker 2: It is now being argued in the Senate. He has
Speaker 2: lost control of the Democrats. It is time to get
Speaker 2: him out as a leader. Okay, that's one argument, even
Speaker 2: to the point where running for office out of New York.
Speaker 1: So that's one issue.
Speaker 2: The other issue is what happened, why the Democrats caved
Speaker 2: and why the Republicans and particularly Donald Trump won Why
Speaker 2: did this happen? Well, this is we saw that those
Speaker 2: lines at food banks were increasing. We saw that government
Speaker 2: employees were not as they said. We don't have the
Speaker 2: money to pay our mortgage, to buy food because the
Speaker 2: government shut down because they weren't getting checks. And the
Speaker 2: philosophy of the Republicans and Donald Trump was very simple,
Speaker 2: and that is, the Democrats are going to cave. All
Speaker 2: we have to do is wait them out. The Republicans
Speaker 2: got everything they wanted, exactly what was proposed by the Republicans,
Speaker 2: and what.
Speaker 1: Was the issue.
Speaker 2: The issue now is and was the extension of Obamacare,
Speaker 2: and the extension of Obamacare. The tax credits enabled well
Speaker 2: actually tens of millions of Americans to have Obamacare, to
Speaker 2: have insurance, and that is sunseted. That extension sunset, that
Speaker 2: sunsets stops at the end of the year. And the
Speaker 2: Republicans were adamant saying, we are not going to vote
Speaker 2: on that. We are not going to pass the extension.
Speaker 2: We first want to avert the shutdown. We'll talk about
Speaker 2: everything later. We want a clean bill, relatively clean bill.
Speaker 2: I mean, there was some money in the bill for
Speaker 2: construction for the Pentagon and some administrative money for agencies,
Speaker 2: but for the most part, it was a clean bill.
Speaker 2: And what does it mean, continuing resolution that we just
Speaker 2: fund the government as it has been. You want to
Speaker 2: talk about this extension, You want to talk about health
Speaker 2: insurance for millions of Americans who are going to lose it.
Speaker 2: We'll talk about that later. We'll have a vote about
Speaker 2: that later. Well, the reality, it doesn't matter when the
Speaker 2: vote comes. The Republicans will never vote for the extension.
Speaker 2: Their philosophy is real simple. It's sunsets. It ends the
Speaker 2: end of the year, and the extension under the Biden
Speaker 2: administration that's really important ends. And does it really matter
Speaker 2: that people lose their insurance?
Speaker 1: I don't think so.
Speaker 2: Does it matter that premiums are going to explode?
Speaker 1: I don't think so. I mean, I don't buy that.
Speaker 2: And here is what the Republicans and the Democrats, eight
Speaker 2: of them who jumped over to the Republican side, said,
Speaker 2: you give us this bill, you stop the shutdown, you
Speaker 2: avert the shutdown, then later on will negotiate and vote
Speaker 2: on this extension. Business of healthcare. Well, the Bruges have
Speaker 2: been fighting this forever. They're never going to this government,
Speaker 2: this Congress will never vote for the extension. As long
Speaker 2: as Republicans are in power, and as long as President
Speaker 2: Trump he controls it, he decides. It's that simple. He
Speaker 2: wants the extension, he's going to get the extension. He
Speaker 2: doesn't want the extension, he is not going to get
Speaker 2: the extension. Whatever he says, the Republicans decide they're going
Speaker 2: to go for exactly what he says. And this is fascinating.
Speaker 2: And this is the power that this president has. Most
Speaker 2: presidents have some power, but Congress can in cases, in
Speaker 2: many cases, negotiate with the president and say, you know,
Speaker 2: we really don't like this, and let's try this.
Speaker 1: Not with Donald Trump. Whatever he says goes.
Speaker 2: It doesn't matter whether And so here's what the Democrats
Speaker 2: took away from this, because this is where the Republicans
Speaker 2: and the president went out. If we wait long enough,
Speaker 2: the Democrats will cave. And why is that Because the
Speaker 2: Republicans and President Trump had the ammunition. Because look at
Speaker 2: those lines at food banks, Look at the stories of
Speaker 2: you have federal employees who can't make mortgage payments, who
Speaker 2: were going for extra jobs. Look at those air traffic
Speaker 2: controllers who buy law had to go to work and
Speaker 2: we're not getting paid.
Speaker 1: That hits very deep, very quickly.
Speaker 2: So that was right now, and that is more powerful
Speaker 2: than at the end of the year. People losing their
Speaker 2: insurance because that's two that's two months down the line, right,
Speaker 2: lack of food is right now, so of course lack
Speaker 2: of food is going to prevail. Now do the Republicans win.
Speaker 2: I don't think so, because here's what's going to happen.
Speaker 2: This extension only goes to the end of January. And
Speaker 2: then the same argument, because between now and the end
Speaker 2: of January, the Republican Republicans say, of course we'll talk
Speaker 2: about that extension. Of course, we'll talk about the tax
Speaker 2: credits that we're allowing under Obamacare, the extra tax credits
Speaker 2: because of the COVID because of COVID, and we want
Speaker 2: to we'll talk about whether we keep those or not.
Speaker 1: We'll have a vote. Let me give you the reality.
Speaker 2: Since Congress is controlled by Republicans, since the Senate is
Speaker 2: controlled by the Republicans, there will never be a vote
Speaker 2: to extend, and all of a sudden, people will have
Speaker 2: lost their insurance. You've got all these billions of people
Speaker 2: who have no insurance or have premiums that are so
Speaker 2: high they can't afford the insurance, and.
Speaker 1: Now they're in the middle of it, and they're going
Speaker 1: to know that.
Speaker 2: The Republicans saying, oh, we'll talk about that later on.
Speaker 1: It's a bunch of crap.
Speaker 2: They're not going to and that's going to hit home,
Speaker 2: and we're right back to where we were. And at
Speaker 2: some point, this is where the Democrats said, at some point,
Speaker 2: we have.
Speaker 1: To come to a meeting. We have to have a meeting.
Speaker 1: You know, it's we have to deal with it. The
Speaker 1: Republicans don't want to deal with it.
Speaker 2: There'll be another stoppage, and again, well, you people are starving.
Speaker 2: We'll do it later, because these what these continuing resolutions
Speaker 2: are about.
Speaker 1: We'll talk about it later.
Speaker 2: Most of the stoppages of the government where the government
Speaker 2: is shut down, most of them are and there's a
Speaker 2: lot of them that happened. Clinton had one almost every year.
Speaker 2: It's one day, two days at at the outside a week,
Speaker 2: which barely ever happens. This is forty days. There's never
Speaker 2: been anything close. There are governmental employees that lost three paychecks,
Speaker 2: and mortgages still do, utility bills are still due, you
Speaker 2: still have to go to the grocery store. You can't
Speaker 2: tell the clerk at the grocery store, oops, I'm gonna
Speaker 2: get paid next week or the week later. It doesn't
Speaker 2: fly that way. So we'll see what happens. This discussion
Speaker 2: is going to come back with a vengeance at the
Speaker 2: end of January.
Speaker 1: All right, LAPD is.
Speaker 2: It's a national story because it's Los Angeles and the LAPD. Boy,
Speaker 2: what a history it has, both good and bad. So
Speaker 2: the city council cut police spending this year, chopping in
Speaker 2: half the number of officers that the mayor wanted.
Speaker 1: In May, the.
Speaker 2: Council voted to give the LAPD need just enough money
Speaker 2: to recruit two hundred and forty officers. Bass, the mayor
Speaker 2: had requested for eighty Why first of all, to close
Speaker 2: that billion dollar budget shortfall, but also to prevent other
Speaker 2: city workers from being laid off because that's the.
Speaker 1: Only way they were going to be able to afford
Speaker 1: the new cops.
Speaker 2: Okay, the problem is, how do you pay for police
Speaker 2: officers when you don't have the money to pay for
Speaker 2: police officers? Bass says, she is scrambling to find the money.
Speaker 2: Is she in a scavenger hunt looking for money under rocks?
Speaker 2: Are they going to raise city taxes? Are they going
Speaker 2: to raise development costs where developers pay more and more
Speaker 2: money because they're an easy hit developers, because everybody hates developers,
Speaker 2: but that's passed on to the housing market. Where is
Speaker 2: she going to find the money at this point, no
Speaker 2: one knows. Bass has seen LAPD. Who's hundreds of officers
Speaker 2: since she took office, and she's hoping at a minimum
Speaker 2: keeping the department from shrinking again this year.
Speaker 1: Now here are some numbers.
Speaker 2: If those cops are hired per Bass's request, sixteen hundred
Speaker 2: civilian workers would be laid off. It's one or the other.
Speaker 2: So what do you choose, the layoffs or the cops.
Speaker 2: Because cities around the country, particularly la I mean, there's
Speaker 2: a billion dollars shortfall in this city. The city spends
Speaker 2: far more money.
Speaker 1: Than it gets in.
Speaker 2: The city has decided that, for example, homelessness is a
Speaker 2: huge issue, which it is, and has spent hundreds of
Speaker 2: million dollars on the homeless issue. Okay, where do you
Speaker 2: get the money? It's part of the budget. Can you
Speaker 2: make Can you balance the budget? Not with additional cops,
Speaker 2: not with additional programs, not with additional civil service workers
Speaker 2: working for the city.
Speaker 1: You cannot do it.
Speaker 2: And she almost vetoed the bill as it was voted,
Speaker 2: and she ended up signing it and not happily. So
Speaker 2: are we going to get the money, where we get
Speaker 2: the cops?
Speaker 1: Who the hell knows? Who the hell knows.
Speaker 2: According to the police chief Jim McDonald, he said, at
Speaker 2: least more people are applying to be cops than before.
Speaker 1: There was a period of time when no one wanted
Speaker 1: to be a cop.
Speaker 2: You know, police officers used to be I mean they
Speaker 2: were put on pedestals, particularly the police officers that walk
Speaker 2: the beat.
Speaker 1: I mean, everybody love them.
Speaker 2: You know, they go to a donut shop, they all
Speaker 2: you think they all had dandruff, but they didn't. That
Speaker 2: was the powdered sugar for the free donuts they got.
Speaker 1: Those days are gone. No free donuts.
Speaker 2: Sometimes they get half off, but those are day old donuts.
Speaker 1: All right, We're done with that.
Speaker 2: I have to go and see I explained this and
Speaker 2: it's deep explanation and analysis.
Speaker 1: Neil, You notice.
Speaker 2: That, I well, I think there's people still want to
Speaker 2: be cops, just not in LA I think, yeah, I agree,
Speaker 2: I agree. And people go through the police academy because
Speaker 2: it's one of the best academies in the country, and
Speaker 2: they are police officers for a period of time, and
Speaker 2: then they go to smaller police departments and there are
Speaker 2: many police departments that pay a whole lot more than
Speaker 2: in LA pays a good chunk of money, that have
Speaker 2: better pensions and sports and as many powdered sugar donuts
Speaker 2: as you could ever want to eat. Okay, Mike Dubuski,
Speaker 2: ABC News reporter who is with us on a regular basis,
Speaker 2: Good morning, Mike. How are things doing in the world
Speaker 2: of Mike Dubuski. Not that I care, but I have.
Speaker 1: You know, hanging in. I suppose yeah, okay, good, good answer,
Speaker 1: hanging in. Okay. I want to spend a minute talking.
Speaker 2: About shopping online for the holidays and how AI is
Speaker 2: affecting that, because it.
Speaker 1: Seems to be Yeah, absolutely so.
Speaker 3: There's some new numbers that we have from Adobe Analytics
Speaker 3: that looks into this, and what they found was that
Speaker 3: in the month of October, traffic from AI platforms to
Speaker 3: retail sites was up twelve hundred percent over last year,
Speaker 3: meaning that people are going to services like chat, GPT
Speaker 3: or Google Gemini. They're talking to these chatbots for a
Speaker 3: little while, and some of the answers that these chatbots
Speaker 3: give back are recommendations for products or links to other websites.
Speaker 3: People are then clicking those links and increasingly buying things
Speaker 3: on online retail platforms. In fact, Adobe also found that
Speaker 3: once a person was sent to one of these third
Speaker 3: party websites, whether it be Walmart or eBay or Amazon
Speaker 3: dot Com, they were sixteen percent more likely to buy
Speaker 3: something if they came from an AI platform, and they
Speaker 3: found this was true in September as well. So as
Speaker 3: we head into the holiday shopping season, it seems like
Speaker 3: this is a growing trend people going to these AI
Speaker 3: services and using them to kind of get an idea
Speaker 3: of what to buy in the online e commerce space.
Speaker 2: Hey, a quick question about AI, and that is that
Speaker 2: major companies, particularly the tech companies, are spending hundreds of billions.
Speaker 1: Of dollars Yeah, on AI, and.
Speaker 2: Most of the economists we're looking at this are saying,
Speaker 2: there is no way on God's Earth they're going to
Speaker 2: be able to monetize this. It's virtually impossible because of
Speaker 2: the money that's being invested in this.
Speaker 1: What is your take on this? Do you think that's
Speaker 1: the case?
Speaker 3: I think that's increasingly going to be a point of discussion. Yeah,
Speaker 3: this next couple months, these next few quarters are going
Speaker 3: to be crucial for the AI industry as they try
Speaker 3: to monetize this technology, because they are spending way more
Speaker 3: than they're making. We think that open Ai, which is
Speaker 3: the maker of JGBT, made about twenty billion dollars last year,
Speaker 3: a pretty penny certainly, but they also lost twelve billion
Speaker 3: dollars last quarter alone. It is incredibly expensive to build
Speaker 3: this technology, to build the data centers, and hire the
Speaker 3: talent that is needed to make these systems work. And
Speaker 3: it's worth mentioning these systems don't even entirely work yet
Speaker 3: they still hallucinate, they still make mistakes. There still some
Speaker 3: real questions about deploying this at scale. So, you know,
Speaker 3: I think it's interesting to see them kind of move
Speaker 3: into this e commerce space. Chat GPT recently announced integrations
Speaker 3: with PayPal and Shopify that will let you check out
Speaker 3: on the app without ever having to leave and actually
Speaker 3: go to a third party to make your purchase. You
Speaker 3: can actually stay within the app and make your purchase there.
Speaker 3: Of course, they get a cut of that. It seems
Speaker 3: like that's a revenue stream for them, or they certainly
Speaker 3: hope it will be, because eventually these bills are going
Speaker 3: to start coming doe and they are pretty hefty bills,
Speaker 3: you know, to the order of nine figure deals that
Speaker 3: OpenAI has struck with the likes of Oracle and Nvidia
Speaker 3: and others.
Speaker 2: You know, I, I'm just starting to use AI and
Speaker 2: just for research purposes. Not that I have this problem,
Speaker 2: but I looked at Penis extenders with a I. You
Speaker 2: should have seen the stuff that I got. That's just
Speaker 2: an aside. So people are buying with AI, is it?
Speaker 2: I know it's way up the number of people doing it.
Speaker 2: Do you actually save a good chunk of money? Is
Speaker 2: worthwhile strictly monetarily.
Speaker 3: Well from the customer's perspective, maybe a good thing that
Speaker 3: these AI systems are pretty good at doing is like
Speaker 3: comparing prices, But of course there's still the hallucination problem.
Speaker 3: They might be pulling a price that is outdated or
Speaker 3: not accurate, so there's definitely some level of risk there.
Speaker 3: I think that there's a bigger cost question when it
Speaker 3: comes to deploying these things at scale. McKinsey put out
Speaker 3: a survey last week that found that while ninety percent
Speaker 3: of companies that they surveyed are regularly using AI, nearly
Speaker 3: two thirds are not deploying it at scale into their workflows.
Speaker 3: And this, of course comes nearly three years after the
Speaker 3: launch of chant GPT, these companies are still adopting a
Speaker 3: weight and see sort of approach to this technology, and
Speaker 3: that creates a really existential threat for the AI industry.
Speaker 2: Do we have any numbers or at least pronostications as
Speaker 2: to how many people will or are unemployed because of
Speaker 2: AI and it's wiping out entire industries. I know that,
Speaker 2: for example, entry level computer programmers, engineerings that's gone because
Speaker 2: of AI. And I'm being told, oh, if people are there,
Speaker 2: if they know how to use AI, well, that's a
Speaker 2: fraction of the number of people who lost their jobs.
Speaker 1: Do we have any idea where that's going.
Speaker 3: Not at the moment. Again, it's the very early stages
Speaker 3: of this, and it's worth mentioning. While we are seeing
Speaker 3: a lot of layoffs across the tech sector. Amazon made
Speaker 3: you know, huge headlines recently for nag off thousands upon
Speaker 3: thousands of workers. A lot of it doesn't actually have
Speaker 3: to do with AI. And in fact, Amazon, you know,
Speaker 3: made that announcement that they were making about a ten
Speaker 3: percent staff reduction globally, and they actually had to come
Speaker 3: out after the fact because many people were speculating it's
Speaker 3: because oh, they're integrating generative artificial intelligence. Later they came
Speaker 3: out and said, no, actually, we're just doing this because
Speaker 3: of other sort of economic winds that are blowing. And
Speaker 3: that really does speak to the fact that this technology,
Speaker 3: despite the fact that we talk about it all the time,
Speaker 3: is still really imperfect and still not a really trustworthy
Speaker 3: thing for these companies to integrate.
Speaker 2: All right, Mike, thank you for the information. It's always
Speaker 2: good you have a good day. You did because because
Speaker 2: you're in New York, it's actually almost night. Got it,
Speaker 2: all right? Today is Veterans Day, also known as Armisice Day.
Speaker 2: And what's that about a little bit of history here.
Speaker 2: Armisist Day was declared because because World War One ended
Speaker 2: in nineteen eighteen, the Armistice, I mean the fighting stopped
Speaker 2: between the Germans and the Austrians against the quote Allies.
Speaker 2: It's sort of the same. It's some sort of the
Speaker 2: same breakup as World War Two. And it ended on
Speaker 2: the eleventh hour of the eleventh month, the eleventh day.
Speaker 2: And that's why it's November eleven, nineteen eighteen.
Speaker 1: I did a story a.
Speaker 2: Few years ago about they literally put down their arms
Speaker 2: at eleven o'clock. I mean it stopped right there, and
Speaker 2: there was a story about I think it was an
Speaker 2: English soldier who was killed three minutes before eleven o'clock
Speaker 2: ten fifty seven. He was shot. Boy, wrong place, wrong
Speaker 2: time in any case. In nineteen fifty four it officially.
Speaker 1: Became Veterans Day.
Speaker 2: The Armisice Day, originally a day to remember those who
Speaker 2: had served in World War One, the Great War, the
Speaker 2: War to end all wars. Boy, they jumped on that one,
Speaker 2: didn't they coming back to World War Two and then
Speaker 2: remembering those who served in that war. But then you
Speaker 2: have World War two and you have the Korean War.
Speaker 2: So the US decided to honor all veterans instead of Joe,
Speaker 2: just those that came out of World War One, and
Speaker 2: in nineteen fifty four it officially became Veterans Day, honoring
Speaker 2: everyone who has served. Now most people confuse Veterans Day
Speaker 2: with Memorial Day.
Speaker 1: Isn't Memorial Day about people will have served?
Speaker 2: Yeah, it actually is, but Memorial Day honor service members
Speaker 2: who have died in the service to their country. On
Speaker 2: Veterans Day, also deceased veterans are remembered. The difference is
Speaker 2: Veterans Day talks about thinking and honoring living veterans as
Speaker 2: opposed to Memorial Day.
Speaker 1: That's the big one.
Speaker 2: And so in nineteen thirty eight, Armistices Day was established
Speaker 2: to remember that armistice signed on the eleventh hour of
Speaker 2: the eleventh day of the eleventh month, nineteen eighteen. And
Speaker 2: that was first proclaimed by the first Armists Day nineteen
Speaker 2: nineteen by President Woodrow Wilson. And then you had World
Speaker 2: War two, the Korean War, so in nineteen fifty four
Speaker 2: it became Veterans Day as opposed to Armistice Day. I
Speaker 2: kind of like Armistice Day, but the reality is, we
Speaker 2: really have to honor our veterans, and we didn't honor them.
Speaker 2: We don't honor them at all. To give you an
Speaker 2: idea of honoring veterans, when I was in the middle
Speaker 2: of the Vietnam Draft and soldiers coming back from Vietnam
Speaker 2: and the fight over there, and it's a fight we
Speaker 2: shouldn't have had, and I don't want to go into
Speaker 2: politics of that, but do you know that soldiers coming
Speaker 2: back couldn't wear their uniforms on the street because people
Speaker 2: would spit on them, because the armed services were looked
Speaker 2: at in such disregard. And today, of course we all
Speaker 2: those who have served. As a matter of fact, on
Speaker 2: Handle on the law. If anybody says I'm a veteran,
Speaker 2: I go thank you for your service.
Speaker 1: That's a given. Boy.
Speaker 2: Life has changed and for the better. So the thing
Speaker 2: I think to remember is.
Speaker 1: Veterans Day came out of World War One Armistice Day
Speaker 1: on November eleventh.
Speaker 2: Because of the history, thought i'd share that with you
Speaker 2: a little bit.
Speaker 1: You've been listening to The Bill handle Show.
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