1 00:00:00,480 --> 00:00:05,880 Speaker 1: It's nice eyes. I'm telling you Boston's news radio. 2 00:00:06,760 --> 00:00:10,760 Speaker 2: Well, good evening everyone, and welcome into art told of 3 00:00:10,920 --> 00:00:17,120 Speaker 2: the twentieth My goodness, if Mickey Mantle were alive today, 4 00:00:17,880 --> 00:00:23,880 Speaker 2: he would be ninety four years old. If that doesn't 5 00:00:23,920 --> 00:00:26,200 Speaker 2: make you feel old, I don't know what. Well, sorry 6 00:00:26,200 --> 00:00:29,680 Speaker 2: to started off like that, but did want to just 7 00:00:29,800 --> 00:00:35,680 Speaker 2: mention Mickey Mantle's birthday. He died very young, he said. 8 00:00:34,720 --> 00:00:37,319 Speaker 2: If if he realized he was going to live over 9 00:00:37,479 --> 00:00:41,320 Speaker 2: forty his father died at forty, he would have he 10 00:00:41,360 --> 00:00:47,440 Speaker 2: would have lived a healthier life style. But he had 11 00:00:47,440 --> 00:00:49,960 Speaker 2: fun along the way and hit a lot of home runs. 12 00:00:50,000 --> 00:00:52,159 Speaker 2: My name's Dan Rayam, the host of Nightside. I'd like 13 00:00:52,240 --> 00:00:55,120 Speaker 2: to throw those little things out because people sometimes think 14 00:00:55,120 --> 00:00:58,160 Speaker 2: about those things. Rob Brooks is back in the control 15 00:00:58,280 --> 00:01:01,360 Speaker 2: room tonight. He is all set to take your cars 16 00:01:01,400 --> 00:01:03,680 Speaker 2: beginning at nine o'clock. A little bit later on tonight, 17 00:01:03,800 --> 00:01:08,920 Speaker 2: we're going to talk about the targeted robberies, the thefts 18 00:01:09,080 --> 00:01:13,200 Speaker 2: by some gangs, amongst other places. Lululemon store or Newbury 19 00:01:13,240 --> 00:01:18,360 Speaker 2: Street is a favorite stop for these young folks who 20 00:01:18,400 --> 00:01:23,559 Speaker 2: decide to sweep off, you know, hundreds of dollars worth 21 00:01:23,640 --> 00:01:25,880 Speaker 2: of apparel and then run out the door. I have 22 00:01:25,920 --> 00:01:28,399 Speaker 2: a simple solution for this. We'll talk about it. And 23 00:01:28,480 --> 00:01:30,800 Speaker 2: also some good news for a change. Normally we're talking 24 00:01:30,800 --> 00:01:34,840 Speaker 2: about bad news, but some good news for a change. Nationwide, 25 00:01:34,959 --> 00:01:38,560 Speaker 2: gas body is reporting and there's also reports out of 26 00:01:38,600 --> 00:01:43,759 Speaker 2: Massachusetts and TRIPAA that prices are currently at a four 27 00:01:44,240 --> 00:01:47,960 Speaker 2: year low. You got to go back to twenty twenty one, 28 00:01:48,880 --> 00:01:52,920 Speaker 2: from October of twenty twenty five, which is where we 29 00:01:52,960 --> 00:01:56,640 Speaker 2: are right now to find gas prices as low as 30 00:01:56,640 --> 00:02:00,600 Speaker 2: they are today. So the nationwide average, which is now 31 00:02:00,600 --> 00:02:03,840 Speaker 2: two dollars and ninety eight cents per gallon something good 32 00:02:03,920 --> 00:02:07,040 Speaker 2: to talk about. Beginning at ten o'clock. We will talk 33 00:02:07,120 --> 00:02:09,720 Speaker 2: by the way at nine o'clock with my guest, Boston 34 00:02:09,720 --> 00:02:13,760 Speaker 2: City Councilor Ed Flynn, who actually held a hearing, a 35 00:02:13,840 --> 00:02:19,320 Speaker 2: sparsely intended hearing last week on the Lulu Lemon threat thefts. 36 00:02:19,840 --> 00:02:21,960 Speaker 2: But there are other stores on Newby Street which are 37 00:02:22,000 --> 00:02:25,760 Speaker 2: also dealing with this problem. However, First up tonight, we're 38 00:02:25,760 --> 00:02:31,239 Speaker 2: going to talk with Jim Zabrowski about media showers coming 39 00:02:31,320 --> 00:02:34,160 Speaker 2: up the next couple of nights here in New England. 40 00:02:34,480 --> 00:02:41,320 Speaker 2: Because they're called Orion Orion orion eydes. That's a tough 41 00:02:41,360 --> 00:02:44,040 Speaker 2: one to pronounce. Jim, welcome. How are you? You are 42 00:02:44,040 --> 00:02:48,760 Speaker 2: the Aldrish You're the president of the Aldrish Astronomical Society. 43 00:02:49,840 --> 00:02:53,240 Speaker 2: Tell us first about the Aldridge Astronomical Society I'm not 44 00:02:53,400 --> 00:02:54,880 Speaker 2: familiar with. 45 00:02:55,040 --> 00:02:59,320 Speaker 3: We are a society in central Massachusetts. Basically, we've got 46 00:02:59,360 --> 00:03:02,520 Speaker 3: about one hundred sixty members from all walks of life. 47 00:03:02,840 --> 00:03:05,400 Speaker 3: They all share their passion for observing the night sky 48 00:03:05,480 --> 00:03:09,200 Speaker 3: and stargazing, and we're heavily in di astrophotography too, plus 49 00:03:09,360 --> 00:03:10,760 Speaker 3: community outreach programs. 50 00:03:10,880 --> 00:03:16,200 Speaker 2: Okay, so tell us about these orionidsids. 51 00:03:16,320 --> 00:03:19,400 Speaker 3: Yeah, the name comes from the constellation of Orion because 52 00:03:19,400 --> 00:03:22,560 Speaker 3: that's where the radiant appears. It's right near the right 53 00:03:22,639 --> 00:03:26,679 Speaker 3: star Bell Juice, which is an Orion, So that's why 54 00:03:26,680 --> 00:03:30,520 Speaker 3: they call it the Orionids. Basically, the radiant will pier 55 00:03:30,760 --> 00:03:33,760 Speaker 3: somewhere around the area near Bettle Juice, and you will 56 00:03:33,800 --> 00:03:36,720 Speaker 3: see the stars coming out or the shooting stars or 57 00:03:36,800 --> 00:03:40,520 Speaker 3: meteors coming out from that area, possibly covering a third 58 00:03:40,560 --> 00:03:43,080 Speaker 3: of the sky before they finally burn up. 59 00:03:43,280 --> 00:03:46,000 Speaker 2: Okay, so here's my question. Because those of us who 60 00:03:46,080 --> 00:03:51,520 Speaker 2: are not sky observers or experts, I assume in the city. 61 00:03:51,600 --> 00:03:55,680 Speaker 2: It's tougher than being out in more rural areas. 62 00:03:55,680 --> 00:03:56,120 Speaker 3: Correct. 63 00:03:56,440 --> 00:04:00,520 Speaker 2: Okay, So if you're in the city tonight and listening 64 00:04:00,560 --> 00:04:04,000 Speaker 2: in Lawrence or Lowell or Boston or Brockden or whatever, 65 00:04:04,840 --> 00:04:09,720 Speaker 2: chances are good, fair or slim and nune that you're 66 00:04:09,760 --> 00:04:11,200 Speaker 2: going to see them in the city. 67 00:04:12,560 --> 00:04:15,200 Speaker 3: If you can get yourself near a shielded area where 68 00:04:15,240 --> 00:04:17,720 Speaker 3: you can at least get some dark to be able 69 00:04:17,760 --> 00:04:21,840 Speaker 3: to observe the southeast the southwest skies. The problem with 70 00:04:21,960 --> 00:04:25,919 Speaker 3: most meteor showers they are more prolific after midnight because 71 00:04:25,960 --> 00:04:28,560 Speaker 3: we tend to go in the direction of the meteor storm. 72 00:04:29,200 --> 00:04:31,760 Speaker 3: So I would say, between two and five o'clock in 73 00:04:31,760 --> 00:04:35,120 Speaker 3: the morning, southeast to southwest, look in that direction. You 74 00:04:35,160 --> 00:04:36,680 Speaker 3: should be able to see it, even if you can't 75 00:04:36,720 --> 00:04:38,680 Speaker 3: identify the constellation of Orion. 76 00:04:39,200 --> 00:04:44,120 Speaker 2: Okay, So you're you figure out where the sun rises, 77 00:04:44,400 --> 00:04:47,640 Speaker 2: most people can figure that out and where it sets exactly, 78 00:04:47,680 --> 00:04:51,240 Speaker 2: and so it rises in the east sets in the west. 79 00:04:51,400 --> 00:04:55,160 Speaker 2: So you're basically have you back to the north and 80 00:04:55,200 --> 00:04:58,479 Speaker 2: you're kind of scanning the sky from east to west, 81 00:04:58,560 --> 00:04:59,680 Speaker 2: is what I'm hearing you tell me. 82 00:04:59,760 --> 00:05:03,520 Speaker 3: Right, Yes, exactly, And because you're looking in the direction 83 00:05:03,720 --> 00:05:06,800 Speaker 3: of where the ryono's starting from. That doesn't mean that's 84 00:05:06,880 --> 00:05:08,240 Speaker 3: all you're going to see. You're going to see it 85 00:05:08,240 --> 00:05:10,720 Speaker 3: across a good portion of the sky. So you got 86 00:05:10,760 --> 00:05:13,480 Speaker 3: to keep your wide field view of the whole sky 87 00:05:13,600 --> 00:05:16,239 Speaker 3: and keep your eyes moving and darting back and forth 88 00:05:16,279 --> 00:05:17,920 Speaker 3: to catch all the meteors that start. 89 00:05:18,160 --> 00:05:21,440 Speaker 2: Okay, so the optimum time is two am to. 90 00:05:21,480 --> 00:05:25,280 Speaker 3: Five am, Yes, I would say, so, okay. 91 00:05:24,920 --> 00:05:26,919 Speaker 2: For those who work in the morning, if they go 92 00:05:27,000 --> 00:05:29,480 Speaker 2: out there at eleven or midnight, or maybe even if 93 00:05:29,520 --> 00:05:31,200 Speaker 2: you're a talk show host and you go out there 94 00:05:31,320 --> 00:05:36,200 Speaker 2: after the show ends at midnight, is that too early? 95 00:05:36,960 --> 00:05:39,160 Speaker 3: No, No, there's always a chance you could see them. 96 00:05:39,560 --> 00:05:42,120 Speaker 3: It's just that the peak will occur around two o'clock 97 00:05:42,240 --> 00:05:44,839 Speaker 3: or later, and you have a better chance because the 98 00:05:44,880 --> 00:05:48,320 Speaker 3: constellation of Orion is up higher and more visible in 99 00:05:48,360 --> 00:05:51,040 Speaker 3: the night sky, away from the horizon, which may be 100 00:05:51,120 --> 00:05:53,799 Speaker 3: blocked by trees. But you can easily see them before 101 00:05:54,279 --> 00:05:56,400 Speaker 3: or right after midnight or right after dark as a 102 00:05:56,400 --> 00:05:58,400 Speaker 3: matter of fact, if you look in that general direction. 103 00:05:58,560 --> 00:06:02,600 Speaker 2: Okay, now is it this time of year? I know 104 00:06:03,160 --> 00:06:06,800 Speaker 2: the northern lights seem to be focused towards the time 105 00:06:06,800 --> 00:06:09,080 Speaker 2: of year. Is this the specific time of year or 106 00:06:09,080 --> 00:06:12,480 Speaker 2: do these come around more than once every year? 107 00:06:13,400 --> 00:06:17,919 Speaker 3: Around March, April and September. October is when the northern 108 00:06:17,960 --> 00:06:21,640 Speaker 3: lines become a little bit more prolific. There A couple 109 00:06:21,640 --> 00:06:25,080 Speaker 3: of people have reported them around our area. I have 110 00:06:25,200 --> 00:06:28,760 Speaker 3: not seen them so far this year in the fall, 111 00:06:29,360 --> 00:06:30,960 Speaker 3: but I'm still on the outlook for them. 112 00:06:31,120 --> 00:06:34,719 Speaker 2: So we're talking northern lights there, which is different from 113 00:06:35,640 --> 00:06:37,160 Speaker 2: the Ironians. 114 00:06:36,800 --> 00:06:41,400 Speaker 3: Right exactly. It's a curtain of light that can be 115 00:06:41,680 --> 00:06:45,000 Speaker 3: reds and greens, and they shift and move back and forth, 116 00:06:45,240 --> 00:06:47,719 Speaker 3: almost like they're a curtain blowing in the breeze. 117 00:06:47,880 --> 00:06:50,599 Speaker 2: Okay, but that's the northern lights. Yeah, that's not what 118 00:06:50,640 --> 00:06:54,240 Speaker 2: we're looking for tonight. We're looking for the Irionians, right exactly. 119 00:06:54,360 --> 00:06:56,280 Speaker 3: Okay, So there's always a chance you can have a 120 00:06:56,560 --> 00:06:59,720 Speaker 3: outbreak of the northern lights at the same time you're 121 00:06:59,720 --> 00:07:02,560 Speaker 3: looking for the meteors too, so that's a double bonus. 122 00:07:02,800 --> 00:07:06,400 Speaker 2: Okay, all right. I often think about the northern lights. 123 00:07:06,400 --> 00:07:08,960 Speaker 2: You got to be looking north. Am I wrong on that? 124 00:07:09,600 --> 00:07:14,440 Speaker 3: No, that's correct north northeast. When there's a big outbreak, 125 00:07:14,480 --> 00:07:16,600 Speaker 3: in other words, there is a big eruption from the 126 00:07:16,640 --> 00:07:22,520 Speaker 3: sun causing a traumatic surge of particles into our upper atmosphere. 127 00:07:22,800 --> 00:07:26,840 Speaker 3: It could spread across the entire sky. So generally, if 128 00:07:26,880 --> 00:07:29,480 Speaker 3: it's a low weak night, you might be able to 129 00:07:29,520 --> 00:07:33,200 Speaker 3: see him in the north northeast skies. But then if 130 00:07:33,200 --> 00:07:36,000 Speaker 3: you have a major outbreak, the whole sky could be involved. 131 00:07:36,320 --> 00:07:38,240 Speaker 2: Okay, and so let me come back to the question 132 00:07:38,320 --> 00:07:42,880 Speaker 2: I asked, and that is that the orionids. Is it 133 00:07:42,960 --> 00:07:45,760 Speaker 2: this time of year only, or is it does it 134 00:07:45,840 --> 00:07:49,200 Speaker 2: come by periodically? I don't quite understand it. It was 135 00:07:49,200 --> 00:07:52,640 Speaker 2: not an astronomy major in college, hardly, Okay. 136 00:07:52,680 --> 00:07:55,480 Speaker 3: So the easiest way to understand this is that a 137 00:07:55,520 --> 00:07:58,440 Speaker 3: couple times during the year, the Earth moves around its 138 00:07:58,560 --> 00:08:04,240 Speaker 3: orbit and intersect the debris pat for Holly's Comet, very 139 00:08:04,280 --> 00:08:07,000 Speaker 3: famous comet that comes every seventy six years, and that 140 00:08:07,160 --> 00:08:10,280 Speaker 3: debris pat slams into the upper atmosphere of the Earth, 141 00:08:10,720 --> 00:08:14,200 Speaker 3: causing the irine a meteor shower. And they entered the 142 00:08:14,200 --> 00:08:16,720 Speaker 3: Earth's atmosphere at about forty one miles per second, so 143 00:08:16,720 --> 00:08:17,920 Speaker 3: they're pretty fast. 144 00:08:18,120 --> 00:08:21,600 Speaker 2: Okay. So now, so it's twice a year, I mean, 145 00:08:21,880 --> 00:08:25,400 Speaker 2: is this sort of the magic dates of October twentieth 146 00:08:25,400 --> 00:08:28,560 Speaker 2: and twenty first, or is there a corollary date, you know, 147 00:08:28,680 --> 00:08:29,560 Speaker 2: six months from. 148 00:08:29,400 --> 00:08:32,320 Speaker 3: Now, Yeah, the peak of Well, scientists can see where 149 00:08:32,360 --> 00:08:36,439 Speaker 3: the peak of the debris is located, so they can 150 00:08:36,559 --> 00:08:39,000 Speaker 3: isolate that and say, okay, the twenty first to the 151 00:08:39,040 --> 00:08:41,640 Speaker 3: twenty second, or twenty second to the twenty third. It 152 00:08:41,679 --> 00:08:43,680 Speaker 3: may change every year depending on where we are in 153 00:08:43,720 --> 00:08:46,239 Speaker 3: our or little path relative to debris. 154 00:08:47,160 --> 00:08:50,240 Speaker 2: And then is it just once in other words, whatever 155 00:08:50,320 --> 00:08:52,720 Speaker 2: that time period is two days, whether it's twenty first 156 00:08:52,720 --> 00:08:55,720 Speaker 2: to twenty second, twenty second, is it just once a year? 157 00:08:55,800 --> 00:08:58,720 Speaker 2: Is this the one opportunity this year that we will 158 00:08:58,720 --> 00:09:00,920 Speaker 2: have a chance to see these exactly? 159 00:09:01,000 --> 00:09:04,200 Speaker 3: The peak will always occur at a specific time during 160 00:09:04,240 --> 00:09:07,200 Speaker 3: the year, but like what most meteor showers, you'll have 161 00:09:07,240 --> 00:09:10,680 Speaker 3: a little bit of leeway on the plus side and 162 00:09:10,720 --> 00:09:12,920 Speaker 3: a little bit on the negative side. So basically, in 163 00:09:12,960 --> 00:09:16,360 Speaker 3: other words, from the end of September to the end 164 00:09:16,360 --> 00:09:20,439 Speaker 3: of October you'll probably see some oriyanids appear, but the peak, 165 00:09:20,559 --> 00:09:24,160 Speaker 3: the maximum maybe twenty per hour, will be right around 166 00:09:24,160 --> 00:09:24,880 Speaker 3: the twenty first. 167 00:09:25,000 --> 00:09:28,720 Speaker 2: Okay, my last question is everybody knows. I think most people, 168 00:09:28,760 --> 00:09:32,760 Speaker 2: even people who like myself who are not experts in 169 00:09:32,800 --> 00:09:36,120 Speaker 2: this area, know that the Sun is approximately ninety million 170 00:09:36,160 --> 00:09:39,520 Speaker 2: miles away. It can be ninety three million at different times, 171 00:09:39,600 --> 00:09:43,560 Speaker 2: but it can be ninety How far are these orinians 172 00:09:43,600 --> 00:09:46,200 Speaker 2: that we will see tonight if we're fortunate enough to 173 00:09:46,200 --> 00:09:47,360 Speaker 2: be out there at the right time. 174 00:09:47,800 --> 00:09:51,520 Speaker 3: Okay, So they're a lot closer than that, because we're 175 00:09:52,160 --> 00:09:55,480 Speaker 3: intersecting the irts over the path around the Sun, intersecting 176 00:09:55,480 --> 00:09:58,920 Speaker 3: the debris path produced by Holly's commet when it lasts 177 00:09:58,920 --> 00:10:03,120 Speaker 3: passed through our area. So we're slamming into the debris path. 178 00:10:03,320 --> 00:10:06,400 Speaker 3: So we're about it's ninety million miles away from the Sun, 179 00:10:06,440 --> 00:10:08,760 Speaker 3: if you want to put it in perspective, but it's 180 00:10:08,920 --> 00:10:11,600 Speaker 3: pretty close to us as we're going into the debris path. 181 00:10:11,800 --> 00:10:14,400 Speaker 2: So what I'm saying is weird ninety million miles from 182 00:10:14,440 --> 00:10:16,640 Speaker 2: the Sun. Okay. The Sun's the center of the universe. 183 00:10:17,000 --> 00:10:21,040 Speaker 2: So this degree path that we're looking at on tonight 184 00:10:21,600 --> 00:10:23,439 Speaker 2: is actually within our atmosphere. 185 00:10:24,120 --> 00:10:27,880 Speaker 3: Yes, we're colliding with the debris and depending on where 186 00:10:27,960 --> 00:10:31,240 Speaker 3: that maximum monlo debris is, we'll get a brighter or 187 00:10:31,360 --> 00:10:34,800 Speaker 3: more intense shower or a less intense shower depending on 188 00:10:34,840 --> 00:10:36,080 Speaker 3: how we hit the debris path. 189 00:10:36,240 --> 00:10:38,640 Speaker 2: Okay, Well, Jim you explained it very well to somebody 190 00:10:38,679 --> 00:10:41,760 Speaker 2: who is not scientifically oriented, and I hope that that 191 00:10:41,800 --> 00:10:45,120 Speaker 2: has helped folks tonight. So they should be looking southeast 192 00:10:45,240 --> 00:10:46,760 Speaker 2: to southwest. 193 00:10:47,000 --> 00:10:49,360 Speaker 3: Yes, and I would recommend tonight looks like the better 194 00:10:49,480 --> 00:10:53,040 Speaker 3: weather pattern for people in the Boston area between two 195 00:10:53,120 --> 00:10:55,640 Speaker 3: o'clock and five o'clock in the morning, six o'clock in 196 00:10:55,640 --> 00:10:59,960 Speaker 3: the morning, but just before sunrise today or Tuesday mornings, 197 00:11:00,000 --> 00:11:02,640 Speaker 3: simply because it looks like that's the that's the weather 198 00:11:03,080 --> 00:11:04,400 Speaker 3: pattern it's going to be available. 199 00:11:04,480 --> 00:11:06,040 Speaker 2: Yeah, we got we got rid of all the bad 200 00:11:06,160 --> 00:11:08,960 Speaker 2: rain today, that's for sure. Jim Zebrowski, thank you so much. 201 00:11:09,040 --> 00:11:11,600 Speaker 2: I appreciate it. You're a good you're a good teacher. 202 00:11:11,640 --> 00:11:13,200 Speaker 2: I appreciate it very much. Thank you. 203 00:11:13,240 --> 00:11:14,880 Speaker 3: Okay, nice talking to you. Thank you very much. 204 00:11:14,920 --> 00:11:16,719 Speaker 2: Very nice to talk to you. And if folks want 205 00:11:16,760 --> 00:11:18,439 Speaker 2: to look it up, they can go to the Aldrich 206 00:11:18,600 --> 00:11:21,560 Speaker 2: Astronomical Society. I assume you have a website. 207 00:11:22,040 --> 00:11:25,800 Speaker 3: Yes, it's Aldrich dot club c l UB. Just say 208 00:11:25,840 --> 00:11:28,360 Speaker 3: A L D or I c H dot club c. 209 00:11:28,559 --> 00:11:28,959 Speaker 1: L U B. 210 00:11:29,440 --> 00:11:32,360 Speaker 2: Perfect. I'm glad I asked. Thanks Jim Zebrowski, appreciate it 211 00:11:32,440 --> 00:11:32,840 Speaker 2: very much. 212 00:11:33,240 --> 00:11:34,040 Speaker 3: Have a very good night. 213 00:11:34,080 --> 00:11:35,640 Speaker 2: Take here too. When we get back on to talk 214 00:11:35,679 --> 00:11:39,880 Speaker 2: about Halloween spending is worth scaring Americans this year? We're 215 00:11:39,880 --> 00:11:42,720 Speaker 2: going to talk with Bill Dendy. He's a CPA money 216 00:11:42,720 --> 00:11:44,960 Speaker 2: manager with Raymond James. We'll see what he has to say. 217 00:11:44,960 --> 00:11:48,560 Speaker 2: Coming back on a Monday edition of Nightside. We are 218 00:11:48,600 --> 00:11:51,280 Speaker 2: starting off the week. It is October twentieth. For those 219 00:11:51,360 --> 00:11:52,640 Speaker 2: of you who are keeping score. 220 00:11:53,880 --> 00:11:58,559 Speaker 1: It's night Side with Dan Ray on Boston's News Radio. 221 00:11:59,240 --> 00:12:02,120 Speaker 2: Welcome back, ooined by Bill Dendy. He's a CPA and 222 00:12:02,200 --> 00:12:06,040 Speaker 2: money manager with Raymond James. Bill, you telling us, I 223 00:12:06,040 --> 00:12:10,840 Speaker 2: guess that Halloween spending is scaring Americans this Halloween? Where 224 00:12:11,440 --> 00:12:15,280 Speaker 2: what eleven days from Halloween? I never thought of Halloween 225 00:12:15,360 --> 00:12:20,120 Speaker 2: as a big spending holiday anyway. What's the problem this year? 226 00:12:20,880 --> 00:12:21,760 Speaker 4: Well, it's kind of funny. 227 00:12:21,840 --> 00:12:24,679 Speaker 5: Halloween has come up as number two as far as 228 00:12:24,720 --> 00:12:27,640 Speaker 5: what people decorate for and the money day spend next 229 00:12:27,640 --> 00:12:32,200 Speaker 5: to Christmas, and so Halloween has become a major holiday 230 00:12:32,200 --> 00:12:34,439 Speaker 5: for a lot of retailers. But this year there's seen 231 00:12:34,520 --> 00:12:36,720 Speaker 5: a lot of people say I'm not going to play 232 00:12:36,720 --> 00:12:38,559 Speaker 5: the game. I'm not gonna do it. I'm gonna turn 233 00:12:38,600 --> 00:12:42,000 Speaker 5: off the lights no decorations, no candy, no nothing. I 234 00:12:42,000 --> 00:12:44,360 Speaker 5: can hardly keep up with inmplation, I'm not gonna do 235 00:12:44,400 --> 00:12:47,160 Speaker 5: Halloween this year. And that is really prevalent among the 236 00:12:47,160 --> 00:12:48,120 Speaker 5: baby boomers. 237 00:12:48,760 --> 00:12:53,240 Speaker 2: Now, baby boomers of folks who were born between nineteen 238 00:12:53,480 --> 00:12:58,000 Speaker 2: forty six and I believe sixty four or something like that. 239 00:12:58,120 --> 00:13:00,920 Speaker 2: So we're talking about folks who are, if not having 240 00:13:01,000 --> 00:13:04,360 Speaker 2: already moved into or in the process of moving into 241 00:13:04,480 --> 00:13:09,640 Speaker 2: or preparing for retirement. Most of them their kids have 242 00:13:09,720 --> 00:13:13,440 Speaker 2: grown up. They don't have kids anymore. I mean, so 243 00:13:13,720 --> 00:13:16,320 Speaker 2: you know, running around the neighborhood with your kids, is 244 00:13:16,360 --> 00:13:19,560 Speaker 2: that a normal sort of progression of life as you 245 00:13:20,040 --> 00:13:22,120 Speaker 2: I mean, maybe you'll have your grandkids come over and 246 00:13:22,640 --> 00:13:26,720 Speaker 2: get some candy. But I remember Halloween when my kids 247 00:13:26,760 --> 00:13:31,280 Speaker 2: were young. It was a big deals. So much a 248 00:13:31,280 --> 00:13:33,520 Speaker 2: big deal anymore for me for my family. 249 00:13:34,280 --> 00:13:37,079 Speaker 5: Well, it tends to be that way, as the youngest 250 00:13:37,080 --> 00:13:40,880 Speaker 5: baby boomer now is like age sixty years old and 251 00:13:40,920 --> 00:13:43,640 Speaker 5: the kids are probably up and down the house. However, 252 00:13:44,440 --> 00:13:45,960 Speaker 5: they don't want to be the old guy on the 253 00:13:45,960 --> 00:13:49,079 Speaker 5: street that says off my lawn kids and has the 254 00:13:49,160 --> 00:13:52,520 Speaker 5: lights turned off and gets egged. So a lot of 255 00:13:52,559 --> 00:13:55,320 Speaker 5: the older generation used to participate and even kind of 256 00:13:55,400 --> 00:13:58,040 Speaker 5: enjoy that time when the kids came by and all 257 00:13:58,080 --> 00:14:01,280 Speaker 5: their costumes and could participate play in the neighborhood, and 258 00:14:01,320 --> 00:14:03,160 Speaker 5: so it was like a whole neighborhood function where it 259 00:14:03,160 --> 00:14:04,480 Speaker 5: didn't matter what your age was. 260 00:14:04,960 --> 00:14:06,199 Speaker 4: You did what you could. 261 00:14:06,440 --> 00:14:10,880 Speaker 5: And you know, the rich households handed out the full 262 00:14:10,960 --> 00:14:14,040 Speaker 5: sized chocolate bars. The people didn't have much gave you 263 00:14:14,080 --> 00:14:16,640 Speaker 5: the candy corns. But you enjoyed going to all the 264 00:14:16,640 --> 00:14:19,240 Speaker 5: houses and making a celebration of the whole. 265 00:14:19,520 --> 00:14:22,640 Speaker 2: So my question then is the boomers took advantage of 266 00:14:22,680 --> 00:14:25,680 Speaker 2: this for their kids. And I'm a boomer, okay, so 267 00:14:26,040 --> 00:14:28,440 Speaker 2: I can remember when my little kids were young. You 268 00:14:28,480 --> 00:14:30,240 Speaker 2: were afraid that they were going to trip or fall 269 00:14:30,320 --> 00:14:33,720 Speaker 2: that you know, have some some you know, costume on 270 00:14:33,880 --> 00:14:38,240 Speaker 2: and you couldn't understand how they could actually navigate the walks, 271 00:14:38,480 --> 00:14:42,040 Speaker 2: the walkways in the streets. So we took advantage of that. 272 00:14:42,240 --> 00:14:46,320 Speaker 2: And now the time has turned and now we're that 273 00:14:46,480 --> 00:14:49,440 Speaker 2: older generation that used to be very generous. To the boomers, 274 00:14:50,320 --> 00:14:52,360 Speaker 2: it sounds to me like we don't want to play 275 00:14:52,400 --> 00:14:55,840 Speaker 2: anymore because it's our kids are are not there. It's 276 00:14:55,880 --> 00:14:57,800 Speaker 2: like when your kids play little league, you go to 277 00:14:57,800 --> 00:15:01,640 Speaker 2: little league games, and then when they age out, you 278 00:15:01,680 --> 00:15:03,640 Speaker 2: don't go to little league games, which to me is 279 00:15:03,720 --> 00:15:06,640 Speaker 2: kind of sad, to be honest with you. So, is 280 00:15:06,680 --> 00:15:09,920 Speaker 2: this the thing where we're the boomers are to be 281 00:15:10,000 --> 00:15:13,240 Speaker 2: blamed here for not kind of sticking with the program 282 00:15:13,240 --> 00:15:15,800 Speaker 2: and say, now it's our turn to to not run 283 00:15:15,800 --> 00:15:17,720 Speaker 2: around with our kids. It's our turn to give out 284 00:15:17,760 --> 00:15:18,320 Speaker 2: some candy. 285 00:15:19,480 --> 00:15:22,960 Speaker 5: Maybe, But additionally, a lot of these boomers have been 286 00:15:23,040 --> 00:15:26,000 Speaker 5: hit with the high inflation, and I know we all 287 00:15:26,040 --> 00:15:28,320 Speaker 5: were hit with high inflation, but a lot of them 288 00:15:28,360 --> 00:15:31,440 Speaker 5: are looking at retirement in the next few years and 289 00:15:31,480 --> 00:15:34,840 Speaker 5: suddenly realizing they don't have enough money, and what they 290 00:15:34,840 --> 00:15:36,560 Speaker 5: were planning to do in the last few years of 291 00:15:36,640 --> 00:15:41,880 Speaker 5: retirement maybe it's not possible because job layoffs and because 292 00:15:42,000 --> 00:15:43,640 Speaker 5: things just calls a lot more than they did a 293 00:15:43,640 --> 00:15:46,760 Speaker 5: few years ago. And those who are younger, aren't you 294 00:15:46,880 --> 00:15:49,960 Speaker 5: thinking about that? They're thinking about the kids and this 295 00:15:50,040 --> 00:15:53,440 Speaker 5: is the holiday that we're going to celebrate, And yeah. 296 00:15:52,840 --> 00:15:55,080 Speaker 2: Okay, so let me ask you this, what does the 297 00:15:55,120 --> 00:15:57,840 Speaker 2: average family spend on Halloween? And I know there's no 298 00:15:57,880 --> 00:16:00,680 Speaker 2: such thing really as a typical average family. If you're 299 00:16:02,320 --> 00:16:04,960 Speaker 2: you know, a family with a couple of young kids 300 00:16:05,160 --> 00:16:08,600 Speaker 2: and they need real costumes. You're going to pay money 301 00:16:08,600 --> 00:16:12,359 Speaker 2: at that for real costumes. But you know what, what's 302 00:16:12,400 --> 00:16:15,200 Speaker 2: the average family pay. I've not thought of Halloween as 303 00:16:15,240 --> 00:16:19,200 Speaker 2: a very expensive holiday. I think about you know, Christmas 304 00:16:19,240 --> 00:16:21,760 Speaker 2: and New Year's and four. 305 00:16:21,640 --> 00:16:24,960 Speaker 5: The July run off and others cost a lot more. Well, 306 00:16:25,040 --> 00:16:31,400 Speaker 5: Halloween's number two. Christmas is twice as much. But National 307 00:16:31,560 --> 00:16:36,640 Speaker 5: Association of Retailers they say the average calls for Halloween 308 00:16:37,160 --> 00:16:39,720 Speaker 5: for a family, it's like two hundred and twenty dollars 309 00:16:40,480 --> 00:16:40,920 Speaker 5: a family. 310 00:16:41,320 --> 00:16:42,320 Speaker 2: There's a lot of candy. 311 00:16:42,400 --> 00:16:48,200 Speaker 5: Means, that's costumes, that's decorations, that's candy, that's parties, and 312 00:16:48,240 --> 00:16:50,360 Speaker 5: so they combine it all together and they're like, that's 313 00:16:50,600 --> 00:16:54,240 Speaker 5: for a family, it's two and twenty dollars, which may not. 314 00:16:54,240 --> 00:16:54,960 Speaker 3: Be a lot. 315 00:16:55,760 --> 00:16:57,720 Speaker 5: Well where you are, maybe not a lot, but you 316 00:16:57,760 --> 00:17:00,160 Speaker 5: know for some families that's like no, I can't, no, 317 00:17:00,280 --> 00:17:02,960 Speaker 5: I get right now. 318 00:17:03,120 --> 00:17:04,840 Speaker 2: All you got to do is put put the front 319 00:17:04,840 --> 00:17:08,480 Speaker 2: porch light on, put a pumpkin out of I mean 320 00:17:08,680 --> 00:17:09,160 Speaker 2: you look there. 321 00:17:09,240 --> 00:17:10,720 Speaker 5: People will have candy corns. 322 00:17:10,840 --> 00:17:12,119 Speaker 4: I agree with you, but. 323 00:17:12,160 --> 00:17:15,240 Speaker 2: I'm saying you you have some people. I remember when 324 00:17:15,560 --> 00:17:18,120 Speaker 2: my kids were running around, they would have I mean 325 00:17:18,160 --> 00:17:21,439 Speaker 2: sometimes they would be parents out there. They would be 326 00:17:21,680 --> 00:17:23,840 Speaker 2: they'd be like a statues and as the kid came 327 00:17:23,920 --> 00:17:27,399 Speaker 2: up the walkway, the parent who is the statue, well 328 00:17:27,400 --> 00:17:30,920 Speaker 2: scare of the kids. So they were never the same. 329 00:17:31,400 --> 00:17:34,560 Speaker 5: Uh and carrying the bucket for dad too. I've seen 330 00:17:34,600 --> 00:17:37,840 Speaker 5: that too. But you know, the weird thing is some 331 00:17:37,880 --> 00:17:41,520 Speaker 5: of the things like uh, chocolate, chocolate's gone out like 332 00:17:41,880 --> 00:17:44,760 Speaker 5: seventy eight percent in the last five years. Yeah, I 333 00:17:44,760 --> 00:17:46,840 Speaker 5: think it's way more than inplation. 334 00:17:47,280 --> 00:17:51,399 Speaker 2: Oh I'm a chocolate holic. Bill, You're you're singing my 335 00:17:51,520 --> 00:17:52,520 Speaker 2: song now, man. 336 00:17:52,520 --> 00:17:57,439 Speaker 5: That's it's ridiculous. Price of chocolates almost doubled in five years. 337 00:17:57,600 --> 00:17:59,679 Speaker 2: Yeah, I have no idea. I hope the cocoa farmers 338 00:17:59,680 --> 00:18:03,080 Speaker 2: that do great wherever whoever the guys are the chocolate. 339 00:18:03,160 --> 00:18:07,280 Speaker 5: But I'm not having that in Africa, but they've had 340 00:18:07,320 --> 00:18:11,199 Speaker 5: some blight and their cocoa roots and some flooding and 341 00:18:11,240 --> 00:18:14,719 Speaker 5: horrible things happen, and they haven't invested in new cocoa farms. 342 00:18:14,760 --> 00:18:18,080 Speaker 5: So it's really weird. The commodity prices around the world 343 00:18:18,480 --> 00:18:22,720 Speaker 5: now impact US Halloween because a lot of people are saying, Okay, 344 00:18:22,760 --> 00:18:25,840 Speaker 5: I'll do Halloween, but I can't do the chocolate bars. 345 00:18:25,880 --> 00:18:28,080 Speaker 5: No more full sized chocolate bars. You can go from 346 00:18:28,600 --> 00:18:30,080 Speaker 5: the gummy bears or something else. 347 00:18:30,280 --> 00:18:32,960 Speaker 2: Yeah. I bought some chocolate bars, some six packs the 348 00:18:33,000 --> 00:18:35,240 Speaker 2: other day which were like seven ninety nine. It was like, 349 00:18:35,320 --> 00:18:38,280 Speaker 2: you kidding me? Seven ninety nine, I mean, and those 350 00:18:38,440 --> 00:18:43,439 Speaker 2: you know, well, whatever, I hope everybody has a happy 351 00:18:43,480 --> 00:18:46,040 Speaker 2: Halloween and nobody gets spooked here, you know what I'm saying. 352 00:18:46,960 --> 00:18:48,720 Speaker 5: Well, I hope that people will find a way to 353 00:18:48,760 --> 00:18:52,240 Speaker 5: still celebrate and enjoy the fun, be part of the neighborhood, 354 00:18:52,640 --> 00:18:54,199 Speaker 5: and do it on the budget if you have to. 355 00:18:54,240 --> 00:18:55,760 Speaker 5: And they are ways of doing it on a budget. 356 00:18:56,200 --> 00:19:00,680 Speaker 5: But truly, one out of five Americans now are choosing 357 00:19:00,680 --> 00:19:02,639 Speaker 5: to opt out, just turn off the porch light and 358 00:19:02,800 --> 00:19:05,800 Speaker 5: kip Halloween altogether, and I think they're missing out on 359 00:19:05,840 --> 00:19:07,719 Speaker 5: some of the fun of the whole neighborhood. 360 00:19:09,400 --> 00:19:11,080 Speaker 2: I'm with you, Bill, I'm totally within that. And I 361 00:19:11,080 --> 00:19:14,159 Speaker 2: can remember what I worked in television doing stories on 362 00:19:14,600 --> 00:19:17,080 Speaker 2: Sometimes a school would say, well, we can't have Halloween 363 00:19:17,160 --> 00:19:19,800 Speaker 2: because one parent objected or something, and there was a 364 00:19:19,800 --> 00:19:22,280 Speaker 2: lot of that stuff that went on too, which which 365 00:19:22,320 --> 00:19:25,600 Speaker 2: turned kind of real negative stories about Halloween as opposed 366 00:19:25,600 --> 00:19:28,840 Speaker 2: to kids running around and having fun. Simple as that. 367 00:19:29,400 --> 00:19:33,760 Speaker 2: A lot of people, whatever I think, turned on the 368 00:19:33,840 --> 00:19:36,480 Speaker 2: on the holiday course up here in Salem. We're the 369 00:19:36,480 --> 00:19:40,200 Speaker 2: capital of the Halloween world up in Salem, Massachusetts. Everywhere 370 00:19:40,280 --> 00:19:41,760 Speaker 2: you can't even get into that city. 371 00:19:41,880 --> 00:19:43,760 Speaker 5: You got to celebrate this stuff. 372 00:19:43,520 --> 00:19:47,240 Speaker 2: All right, absolutely there you Bill appreciate it very very much. 373 00:19:47,320 --> 00:19:49,760 Speaker 5: Talk to you soon, God bless you always a pleasure. 374 00:19:49,920 --> 00:19:51,760 Speaker 2: All right, right back at you. We get back on 375 00:19:51,800 --> 00:19:54,480 Speaker 2: a talk with Dan Mozella of Total Traffic. It was 376 00:19:54,520 --> 00:19:57,840 Speaker 2: a nightmare out there today in many communities trying to 377 00:19:57,840 --> 00:20:01,480 Speaker 2: get around. That rain came through well, depending upon where 378 00:20:01,520 --> 00:20:04,480 Speaker 2: you were, anytime from nine ten o'clock this morning til 379 00:20:04,520 --> 00:20:07,440 Speaker 2: later this afternoon. It was tough. We'll talk about it 380 00:20:07,520 --> 00:20:08,200 Speaker 2: right after the. 381 00:20:08,080 --> 00:20:15,320 Speaker 1: News night with Dan Ray. I'mb Boston's News Radio. 382 00:20:16,280 --> 00:20:19,120 Speaker 2: Delighted to be joined by Dan Mozella Total Traffic and 383 00:20:19,160 --> 00:20:25,159 Speaker 2: whether Dan. Today was a horrific weather day. I was 384 00:20:25,200 --> 00:20:29,159 Speaker 2: watching the news tonight at six o'clock and all sorts 385 00:20:29,160 --> 00:20:32,640 Speaker 2: of flooding in central Massachusetts and the rain came down 386 00:20:32,680 --> 00:20:36,679 Speaker 2: where I am. It was like a monsoon. This is 387 00:20:36,680 --> 00:20:40,320 Speaker 2: what they predicted and it was accurate. What sort of 388 00:20:40,320 --> 00:20:43,400 Speaker 2: an impact did this have on traffic? And I'm sure 389 00:20:43,440 --> 00:20:44,880 Speaker 2: you follow this throughout the day? 390 00:20:45,800 --> 00:20:50,040 Speaker 6: Yeah, it was something Dan, So I actually left for work, 391 00:20:51,160 --> 00:20:53,320 Speaker 6: you know, because I was up so early helping out 392 00:20:53,320 --> 00:20:55,520 Speaker 6: the morning crew that I went into work a little 393 00:20:55,560 --> 00:20:57,919 Speaker 6: bit later than I normally do. But of course it 394 00:20:58,040 --> 00:21:01,320 Speaker 6: was when it started downpouring, and you know, what normally 395 00:21:01,320 --> 00:21:03,840 Speaker 6: should take me thirty thirty five minutes to get in, 396 00:21:04,640 --> 00:21:08,240 Speaker 6: you know, took about fifty minutes to an hour. And 397 00:21:08,480 --> 00:21:10,560 Speaker 6: it was just because of the rain coming down. Everyone 398 00:21:10,640 --> 00:21:13,680 Speaker 6: driving slow, everyone trying to get into the middle lanes 399 00:21:13,720 --> 00:21:15,760 Speaker 6: because you're off to the left of the rights. 400 00:21:15,840 --> 00:21:15,959 Speaker 1: Man. 401 00:21:15,920 --> 00:21:17,480 Speaker 6: I know it's called the high speed lane and the 402 00:21:17,520 --> 00:21:20,199 Speaker 6: slow lane, but that's where all the water collects, and 403 00:21:20,240 --> 00:21:24,560 Speaker 6: that's where hydroplaning is definitely going to happen. But especially 404 00:21:24,640 --> 00:21:28,040 Speaker 6: in central Mass and also when we get into Framingham 405 00:21:28,240 --> 00:21:31,640 Speaker 6: around Route nine, it just floods there whenever it rains, 406 00:21:31,760 --> 00:21:34,960 Speaker 6: so imagine like the big rain we had today, it 407 00:21:35,520 --> 00:21:38,840 Speaker 6: just quickly the gates were released, and even like six 408 00:21:38,960 --> 00:21:42,440 Speaker 6: inches of water can make you hydroplane or just make 409 00:21:42,520 --> 00:21:47,160 Speaker 6: your car just impassable in water. It's a true mess 410 00:21:47,200 --> 00:21:47,640 Speaker 6: out there. 411 00:21:48,480 --> 00:21:52,560 Speaker 2: So it was an intense rain for about four or 412 00:21:53,119 --> 00:21:56,359 Speaker 2: five hours at least that's where I was. And I 413 00:21:56,400 --> 00:22:00,800 Speaker 2: watched the weather maps this morning that showed the you know, 414 00:22:00,880 --> 00:22:03,439 Speaker 2: coming down sort of like bisecting New England, and it 415 00:22:03,520 --> 00:22:09,359 Speaker 2: was moving obviously ever eastward. Any idea as to how 416 00:22:10,320 --> 00:22:12,320 Speaker 2: we talking about a couple of inches and it had 417 00:22:12,359 --> 00:22:14,639 Speaker 2: to be a couple of inches in that period of yeah, time. 418 00:22:14,560 --> 00:22:18,480 Speaker 6: I assume, yeah, it was. It was definitely a couple 419 00:22:18,520 --> 00:22:21,679 Speaker 6: of inches. I mean exact numbers. You know, it varies 420 00:22:22,200 --> 00:22:25,919 Speaker 6: the town, right, you know, and especially like and I swear, 421 00:22:26,240 --> 00:22:28,240 Speaker 6: you know, when I was driving down ninety three, I 422 00:22:28,280 --> 00:22:31,480 Speaker 6: was heading south, I swear that in some areas there 423 00:22:31,560 --> 00:22:36,199 Speaker 6: was more rainfalling than others. And you know, it just 424 00:22:36,320 --> 00:22:39,520 Speaker 6: it just really depends on where you are, uh, where 425 00:22:39,520 --> 00:22:40,919 Speaker 6: you're going to get the worst of it. And like 426 00:22:40,960 --> 00:22:43,760 Speaker 6: I mentioned earlier, like Route nine in Framingham, you know, 427 00:22:43,960 --> 00:22:46,479 Speaker 6: just the way the infrastructure is in the way, you know, 428 00:22:46,680 --> 00:22:49,320 Speaker 6: just the land is out there. It's it's just some 429 00:22:49,520 --> 00:22:53,200 Speaker 6: areas are just prone to flooding more so than other 430 00:22:53,400 --> 00:22:57,080 Speaker 6: areas of the States. And but when you're on the road. 431 00:22:57,359 --> 00:23:00,840 Speaker 6: I mean, you're and you're trying to go let's say 432 00:23:01,560 --> 00:23:04,840 Speaker 6: the suggested speed limits, because we know sixty five is 433 00:23:04,880 --> 00:23:09,880 Speaker 6: posted everywhere. Everybody tries to think that they can push it, 434 00:23:09,920 --> 00:23:12,800 Speaker 6: and it's not a good idea. It's four wheel drive, 435 00:23:12,880 --> 00:23:14,280 Speaker 6: not four wheel stop. 436 00:23:14,840 --> 00:23:19,840 Speaker 2: So what what? What were you? How slow was it? 437 00:23:19,880 --> 00:23:22,840 Speaker 2: If you're on ninety three, which is one of our 438 00:23:23,200 --> 00:23:28,720 Speaker 2: better roads, How slow we were you at some point today? 439 00:23:28,760 --> 00:23:30,680 Speaker 2: Literally coming to a stop on ninety three. 440 00:23:31,760 --> 00:23:34,360 Speaker 6: Yeah, in some places, especially where you get to big 441 00:23:34,400 --> 00:23:37,639 Speaker 6: merging areas like the clover leaf at one eight and 442 00:23:37,720 --> 00:23:41,239 Speaker 6: ninety three and ready that I mean, I mean on 443 00:23:41,280 --> 00:23:44,720 Speaker 6: a good day you're going to slow down there, But 444 00:23:44,800 --> 00:23:48,120 Speaker 6: on a day like today, you're backed up even more. 445 00:23:48,200 --> 00:23:52,639 Speaker 6: Sometimes you know, to to where that uh bridge where 446 00:23:53,200 --> 00:23:55,320 Speaker 6: a commerce way is going to say the bridge over 447 00:23:55,359 --> 00:23:57,440 Speaker 6: the highway. Yeah, damn, that narrows it down a lot. 448 00:23:58,160 --> 00:24:01,359 Speaker 6: It's it's it's it's worth way is you're backed up 449 00:24:01,400 --> 00:24:05,120 Speaker 6: to there sometimes beyond and today like that, it didn't 450 00:24:05,160 --> 00:24:07,200 Speaker 6: matter which lane you were in. I mean I saw 451 00:24:07,240 --> 00:24:11,320 Speaker 6: people parked under overpasses just to kind of wait it out. 452 00:24:11,600 --> 00:24:14,080 Speaker 6: But then here's the flip side. All the rain from 453 00:24:14,080 --> 00:24:17,080 Speaker 6: the top on the overpasses are designed to go down 454 00:24:17,840 --> 00:24:20,960 Speaker 6: and into those openings, so even if you park your 455 00:24:20,960 --> 00:24:23,639 Speaker 6: car there, you're still not doing yourself a favor. 456 00:24:24,280 --> 00:24:26,720 Speaker 2: Well, you mentioned the clover leafs, and you're right. You 457 00:24:26,760 --> 00:24:28,720 Speaker 2: go up on you get on one twenty eight or 458 00:24:28,800 --> 00:24:30,800 Speaker 2: ninety three, and you get that clover leaf up north 459 00:24:30,840 --> 00:24:35,480 Speaker 2: of Boston with these just designed badly, or when they 460 00:24:35,480 --> 00:24:38,760 Speaker 2: were designed with the designed for the number of cars 461 00:24:38,800 --> 00:24:41,280 Speaker 2: that were that were using the roads in those days. 462 00:24:41,280 --> 00:24:44,520 Speaker 2: What happened. I mean, they can't fix them, but those 463 00:24:44,600 --> 00:24:45,879 Speaker 2: were disaster. 464 00:24:46,320 --> 00:24:48,120 Speaker 6: You know, Dan, you and I could do an entire 465 00:24:48,200 --> 00:24:50,760 Speaker 6: hour on that subject probably and I would still need 466 00:24:50,840 --> 00:24:53,360 Speaker 6: another hour just to go over. 467 00:24:53,320 --> 00:24:54,680 Speaker 1: Like how to fix it. 468 00:24:54,680 --> 00:24:58,560 Speaker 6: It is an absolute I mean it's it's it's just 469 00:24:58,600 --> 00:24:59,720 Speaker 6: not fun at all. 470 00:25:00,000 --> 00:25:01,200 Speaker 1: There's always a crash there. 471 00:25:01,680 --> 00:25:06,439 Speaker 6: The merging there is is just it wasn't designed for 472 00:25:06,440 --> 00:25:09,560 Speaker 6: the amount of volume that we have today. And when 473 00:25:09,600 --> 00:25:12,080 Speaker 6: one twenty eight's well, and then it became ninety five 474 00:25:12,160 --> 00:25:15,919 Speaker 6: because of the state highway system or the interstate highway system. 475 00:25:16,119 --> 00:25:18,240 Speaker 6: You know, when it became ninety five, that means more 476 00:25:18,320 --> 00:25:20,840 Speaker 6: cars are out on the road. It just was never 477 00:25:20,920 --> 00:25:25,639 Speaker 6: designed to take this amount of volume, and especially especially 478 00:25:25,680 --> 00:25:29,800 Speaker 6: now where people are getting off work at different times, 479 00:25:30,240 --> 00:25:33,640 Speaker 6: it's just more it's just more bottlenecked. And the way 480 00:25:33,680 --> 00:25:37,040 Speaker 6: to fix it is to big dig it, as I 481 00:25:37,119 --> 00:25:40,040 Speaker 6: call it. You know, but that's just not going to 482 00:25:40,080 --> 00:25:41,160 Speaker 6: happen anytime soon. 483 00:25:41,840 --> 00:25:44,840 Speaker 2: Well, Well, when you say, I would have assumed when 484 00:25:44,920 --> 00:25:48,439 Speaker 2: people get off work at different times, if you know, 485 00:25:48,920 --> 00:25:51,199 Speaker 2: I don't know, some people get off at three and 486 00:25:51,320 --> 00:25:54,560 Speaker 2: some you know, if you stagger it, I assume that 487 00:25:54,600 --> 00:25:57,560 Speaker 2: would make it easier, as opposed to everybody working the 488 00:25:57,680 --> 00:26:01,760 Speaker 2: hypothetical nine to five job and then everything closing up 489 00:26:01,760 --> 00:26:04,639 Speaker 2: at five o'clock and then everybody's in the room. So, 490 00:26:04,800 --> 00:26:08,920 Speaker 2: even with the staggered work hours, which are much more 491 00:26:09,000 --> 00:26:12,200 Speaker 2: common today than they were when this thing was designed, 492 00:26:12,240 --> 00:26:15,760 Speaker 2: whatever it was fifty years ago, the staggered work hours 493 00:26:16,520 --> 00:26:20,520 Speaker 2: haven't helped. But if you didn't have staggered work hours, 494 00:26:20,560 --> 00:26:23,000 Speaker 2: I'll better it even be worse. Right. 495 00:26:23,119 --> 00:26:26,760 Speaker 6: Actually, if you leave work right now and you head outs, 496 00:26:26,880 --> 00:26:30,359 Speaker 6: or if you leave when your shift ends and you 497 00:26:30,440 --> 00:26:32,679 Speaker 6: head out, it will still be backed up at the 498 00:26:32,720 --> 00:26:34,120 Speaker 6: clover leaf at ninety three. 499 00:26:34,160 --> 00:26:35,919 Speaker 1: And eight, I guarantee it. 500 00:26:37,040 --> 00:26:41,200 Speaker 2: Yeah, So when you say, look, we got so many 501 00:26:41,240 --> 00:26:44,040 Speaker 2: problems here in New England in terms of transportation. We 502 00:26:44,160 --> 00:26:46,760 Speaker 2: got the bridges. Now this ain't the FEDS aren't going 503 00:26:46,840 --> 00:26:48,359 Speaker 2: to come up with the money for the bridges. Oh 504 00:26:48,400 --> 00:26:52,520 Speaker 2: that's great down down to the cape. But you'd have 505 00:26:52,640 --> 00:26:58,160 Speaker 2: to you would have to basically redesign those clover leafs leaves, yep, 506 00:26:59,040 --> 00:27:01,919 Speaker 2: because you have to widen them. You're going to have 507 00:27:02,000 --> 00:27:07,639 Speaker 2: to have more a distance to merge. That's never gonna happen, Dan. 508 00:27:07,600 --> 00:27:08,400 Speaker 1: That's neverver. 509 00:27:08,800 --> 00:27:13,320 Speaker 6: Yeah, it will never happen. And even if they do 510 00:27:13,720 --> 00:27:18,600 Speaker 6: try to redesign it, I can just guarantee it will 511 00:27:18,640 --> 00:27:22,200 Speaker 6: not work here in Massachusetts just because we do not 512 00:27:22,440 --> 00:27:26,480 Speaker 6: have the land to expand we just don't. I mean, 513 00:27:26,800 --> 00:27:29,480 Speaker 6: we can't go anymore east. But I mean we could 514 00:27:29,520 --> 00:27:31,800 Speaker 6: if we want to put more stuff in the water, 515 00:27:31,920 --> 00:27:33,680 Speaker 6: but not so much. 516 00:27:34,240 --> 00:27:36,679 Speaker 2: Yeah. All I can say is this. You know, the 517 00:27:36,720 --> 00:27:40,160 Speaker 2: one good thing, the one you know, hope that I have, 518 00:27:40,320 --> 00:27:43,119 Speaker 2: is once the big dig and all that tonne of 519 00:27:43,119 --> 00:27:47,200 Speaker 2: work gets finished a few years from now, I'm sure 520 00:27:47,280 --> 00:27:51,920 Speaker 2: it's going to be just perfect everywhere, right, absolutely that right? 521 00:27:52,720 --> 00:27:55,480 Speaker 2: Oh yes, no, oh La, say you're telling me it 522 00:27:55,560 --> 00:27:56,920 Speaker 2: was finished ten years ago. 523 00:27:57,560 --> 00:28:01,359 Speaker 6: Oh no, I will I'll tell you, Dan, when I 524 00:28:01,560 --> 00:28:04,399 Speaker 6: was learning to drive, I thought the Big Dig was 525 00:28:04,520 --> 00:28:07,760 Speaker 6: just part of Boston traffic. I just I just thought 526 00:28:07,760 --> 00:28:10,200 Speaker 6: it was part of it. And then, well, we're still 527 00:28:10,200 --> 00:28:10,720 Speaker 6: dealing with it. 528 00:28:11,840 --> 00:28:14,679 Speaker 2: Well, I I remember the Central Artery. You know, it 529 00:28:14,760 --> 00:28:19,960 Speaker 2: was always in retrospect. I'd go, I'd go for the 530 00:28:20,000 --> 00:28:20,760 Speaker 2: Central Artery. 531 00:28:20,880 --> 00:28:25,359 Speaker 6: Dah, you know, I would love to experience it. I 532 00:28:25,359 --> 00:28:26,800 Speaker 6: see pictures lovely. 533 00:28:26,960 --> 00:28:29,840 Speaker 2: Oh no, it was beautiful. It was. It was beautiful 534 00:28:29,880 --> 00:28:32,679 Speaker 2: and a hot day. But no, all these people came along. 535 00:28:32,840 --> 00:28:35,119 Speaker 2: The Big Dig, which I like to remind people, was 536 00:28:35,240 --> 00:28:37,800 Speaker 2: budgeted for two billion dollars, which was a lot of 537 00:28:37,800 --> 00:28:41,120 Speaker 2: money in those days, ended up costing about twenty four 538 00:28:41,200 --> 00:28:44,080 Speaker 2: billion dollars. So there was a little over a little 539 00:28:44,160 --> 00:28:47,200 Speaker 2: lit of it over ride there. Yeah, but it solved 540 00:28:47,240 --> 00:28:49,600 Speaker 2: all of our traffic problems, didn't of course? 541 00:28:50,320 --> 00:28:53,240 Speaker 6: Of course, we got some new bridges and some ramps 542 00:28:53,240 --> 00:28:56,080 Speaker 6: and we named them nice things, and look what happened. 543 00:28:56,200 --> 00:28:58,760 Speaker 2: You got it, You got it, Hey, Dan is always 544 00:28:58,760 --> 00:29:00,920 Speaker 2: you're the best. Thanks man, seated very much. 545 00:29:01,520 --> 00:29:02,600 Speaker 6: All right, Dan, have a good night. 546 00:29:03,960 --> 00:29:06,200 Speaker 2: I hope this Atlasia you'll be able to smile at 547 00:29:06,240 --> 00:29:07,680 Speaker 2: the end of the day. Because we had a couple 548 00:29:07,720 --> 00:29:11,520 Speaker 2: of laughs. Thanks so much. When we get back, we're 549 00:29:11,520 --> 00:29:13,800 Speaker 2: going to change subjects. But it's also going to be 550 00:29:13,840 --> 00:29:17,880 Speaker 2: a tough subject, and that is the buy to rent gap. 551 00:29:18,200 --> 00:29:22,360 Speaker 2: Remember the old the old days was always the it's 552 00:29:22,400 --> 00:29:25,760 Speaker 2: you buy, it's always good time to buy. Well, Sam Borgie, 553 00:29:25,760 --> 00:29:29,800 Speaker 2: he's a researcher and financial analyst with an Investors Observer. 554 00:29:30,080 --> 00:29:33,600 Speaker 2: He's going to tell us that modern America's housing history 555 00:29:33,640 --> 00:29:36,840 Speaker 2: is being rewritten. Renting is now cheaper than buying a 556 00:29:36,840 --> 00:29:40,000 Speaker 2: house in all major metropolitan areas. I'm going to disagree 557 00:29:40,000 --> 00:29:41,600 Speaker 2: with him. We'll see what he has to say. Coming 558 00:29:41,640 --> 00:29:42,000 Speaker 2: back on. 559 00:29:42,040 --> 00:29:45,960 Speaker 1: Nights, You're on Night Side with Dan Ray on w 560 00:29:46,240 --> 00:29:49,000 Speaker 1: b Boston's news radio bro. 561 00:29:49,080 --> 00:29:53,480 Speaker 2: My final fourth guest this hour is Sam Borgie. He 562 00:29:53,760 --> 00:29:59,719 Speaker 2: is a researcher and financial analyst at Investor's Observer. And 563 00:30:00,120 --> 00:30:03,320 Speaker 2: I guess a lot of Americans think the economy is 564 00:30:03,520 --> 00:30:06,520 Speaker 2: the wrong track and that is not a great time 565 00:30:06,560 --> 00:30:10,400 Speaker 2: to buy a home. Sam, you got the numbers. The 566 00:30:10,600 --> 00:30:13,360 Speaker 2: buy to rent gap is widening. Tell us what that means. 567 00:30:15,440 --> 00:30:18,320 Speaker 4: Yeah, So, I think most of us have long been 568 00:30:18,360 --> 00:30:21,160 Speaker 4: told that it's always more prudent and better to buy 569 00:30:21,160 --> 00:30:23,640 Speaker 4: a house instead of renting. You know, you can think 570 00:30:23,680 --> 00:30:25,520 Speaker 4: of your house as a big piggy bank for long 571 00:30:25,600 --> 00:30:28,480 Speaker 4: term savings. Over time, owning a home is going to 572 00:30:28,480 --> 00:30:31,240 Speaker 4: be a lot more affordable. But things have really changed 573 00:30:31,280 --> 00:30:34,200 Speaker 4: since twenty twenty one. So in twenty twenty one, for example, 574 00:30:34,560 --> 00:30:37,400 Speaker 4: thirty nine out of the fifty largest metro regions across 575 00:30:37,400 --> 00:30:40,480 Speaker 4: the country, it was more affordable to buy a home 576 00:30:40,520 --> 00:30:44,680 Speaker 4: than to rent. But today, all fifty of the largest 577 00:30:44,720 --> 00:30:48,400 Speaker 4: metros across the country it's more affordable to rent than 578 00:30:48,440 --> 00:30:50,920 Speaker 4: to buy. So we've seen really a big bit of 579 00:30:50,920 --> 00:30:56,320 Speaker 4: a flip in the script. Higher mortgage rates, surging home costs, 580 00:30:56,640 --> 00:30:58,840 Speaker 4: all these different things have made it a lot harder 581 00:30:58,840 --> 00:31:00,920 Speaker 4: for bile to break into a home and actually own one, 582 00:31:01,280 --> 00:31:04,800 Speaker 4: whereas rent has actually gone down from its peak in 583 00:31:04,880 --> 00:31:07,880 Speaker 4: around twenty twenty two. So overall, I mean a lot 584 00:31:07,920 --> 00:31:10,440 Speaker 4: of the conventional wisdom that we've been told growing up 585 00:31:10,440 --> 00:31:13,280 Speaker 4: in all these years about buying a home is more affordable, 586 00:31:13,600 --> 00:31:16,120 Speaker 4: it's not so much anymore. It's never been harder to 587 00:31:16,160 --> 00:31:18,800 Speaker 4: going home in America, and it's actually a lot more 588 00:31:18,800 --> 00:31:21,040 Speaker 4: prudent to rent given the current trends. 589 00:31:21,400 --> 00:31:23,640 Speaker 2: Well, I'm not so sure I would agree with you 590 00:31:23,640 --> 00:31:27,480 Speaker 2: in that because owning a home, you actually have a grubstake. 591 00:31:28,160 --> 00:31:32,160 Speaker 2: Owning a home has some tax benefits. Assuming you know, 592 00:31:31,800 --> 00:31:34,760 Speaker 2: if you have nothing in the bank, you can't buy 593 00:31:34,760 --> 00:31:37,680 Speaker 2: a home in America, we've we've learned that lesson in 594 00:31:37,720 --> 00:31:41,400 Speaker 2: two thousand and seven, two thousand and eight. But you 595 00:31:42,000 --> 00:31:45,520 Speaker 2: put whatever money you can down, you have you mortgage, 596 00:31:45,560 --> 00:31:50,320 Speaker 2: and you get some deductions on mortgage interest. Now in 597 00:31:50,480 --> 00:31:55,680 Speaker 2: some states like Massachusetts, where you can have you can 598 00:31:55,720 --> 00:32:00,760 Speaker 2: easily that salt change in the tax code in twenty 599 00:32:00,880 --> 00:32:08,240 Speaker 2: seventeen hurt high cost states like Massachusetts, New York, and California. 600 00:32:08,880 --> 00:32:12,160 Speaker 2: And hopefully that's going to get corrected a little bit. 601 00:32:13,320 --> 00:32:16,520 Speaker 2: But I can't think of a period of time in 602 00:32:17,160 --> 00:32:20,120 Speaker 2: recent memory, and seeing you're better at this than I am, 603 00:32:20,520 --> 00:32:24,080 Speaker 2: where people who bought homes, you know, during this certain 604 00:32:24,120 --> 00:32:27,680 Speaker 2: period of time, whatever the time would be, have lost 605 00:32:27,800 --> 00:32:29,920 Speaker 2: value in those homes. I would think if you're able 606 00:32:29,960 --> 00:32:32,920 Speaker 2: to stay in the house, pay off the mortgage for 607 00:32:32,920 --> 00:32:35,560 Speaker 2: a couple of years, the value of that home is 608 00:32:35,640 --> 00:32:38,320 Speaker 2: likely going to increase. We're at a time where home 609 00:32:38,360 --> 00:32:43,120 Speaker 2: prices continue to increase, So how does that square with reality? 610 00:32:43,120 --> 00:32:44,200 Speaker 2: That's what I'm trying to ask you. 611 00:32:45,560 --> 00:32:48,160 Speaker 4: Yeah, I mean, you're absolutely correct in that if you 612 00:32:48,200 --> 00:32:51,360 Speaker 4: can actually afford the home owning it, it's going to 613 00:32:51,360 --> 00:32:53,320 Speaker 4: be better for the long term. The issue is that 614 00:32:53,560 --> 00:32:56,640 Speaker 4: buying a current mortgage rates. For example, since twenty twenty one, 615 00:32:57,000 --> 00:33:00,360 Speaker 4: we've seen average monthly mortgage payments rise by over hundred 616 00:33:00,360 --> 00:33:02,760 Speaker 4: percent and many of the top metros, for example Miami, 617 00:33:02,920 --> 00:33:07,480 Speaker 4: San Francisco, even Oklahoma City. So if you can have 618 00:33:07,640 --> 00:33:10,959 Speaker 4: a large down payment to lessen the blow of the 619 00:33:11,000 --> 00:33:14,320 Speaker 4: mortgage rate, or if you can afford the mortgage rate, 620 00:33:14,480 --> 00:33:17,200 Speaker 4: you'll do fine. The problem now is that at six 621 00:33:17,240 --> 00:33:20,320 Speaker 4: point three, six point four, six point eight percent mortgage 622 00:33:20,320 --> 00:33:23,480 Speaker 4: a lot of people aren't even qualifying because the monthly 623 00:33:23,560 --> 00:33:26,640 Speaker 4: payment is so high. So that's kind of where. 624 00:33:26,400 --> 00:33:27,080 Speaker 2: The issue is. 625 00:33:27,160 --> 00:33:29,000 Speaker 4: I mean, for those of us who can afford it, 626 00:33:29,080 --> 00:33:31,360 Speaker 4: who can get into it, absolutely all the benefits that 627 00:33:31,440 --> 00:33:33,840 Speaker 4: you said, we've all known them, but at this moment 628 00:33:33,880 --> 00:33:36,680 Speaker 4: in time, a lot of people are really struggling to 629 00:33:37,280 --> 00:33:39,920 Speaker 4: be able to even put their foot in the door. 630 00:33:40,680 --> 00:33:42,800 Speaker 4: So that's why, I mean, there are certain markets in 631 00:33:42,840 --> 00:33:44,880 Speaker 4: the country where it is more affordable in parts of 632 00:33:44,880 --> 00:33:47,360 Speaker 4: the Midwest, but you take a look at mortgage rates. 633 00:33:47,400 --> 00:33:49,680 Speaker 4: Some of these mortgages over three thousand a month. You know, 634 00:33:49,680 --> 00:33:52,160 Speaker 4: if you take out a twenty percent down payment, it's 635 00:33:52,280 --> 00:33:55,600 Speaker 4: very inhibitive. And we'll see if that's going to change. 636 00:33:56,480 --> 00:33:57,800 Speaker 4: Mortgage rates are going down. 637 00:33:58,440 --> 00:33:59,920 Speaker 2: That's the next point I wanted to make was the 638 00:34:00,520 --> 00:34:04,040 Speaker 2: mortgage rates are down. Some people who had the higher 639 00:34:04,080 --> 00:34:09,239 Speaker 2: mortgage rates a few years ago have been able to refine, 640 00:34:10,120 --> 00:34:14,239 Speaker 2: and which is a good thing. I thought that it 641 00:34:14,520 --> 00:34:19,600 Speaker 2: was a seller's market, and I read some articles in 642 00:34:19,600 --> 00:34:22,560 Speaker 2: the last month or so that suggesting that the seller's 643 00:34:22,640 --> 00:34:26,440 Speaker 2: market is slowly transitioning more into a buyer's market. These 644 00:34:26,560 --> 00:34:29,360 Speaker 2: numbers that you have for us tonight, and again there 645 00:34:29,400 --> 00:34:31,799 Speaker 2: are impressions. There are a lot of people who will 646 00:34:31,840 --> 00:34:34,560 Speaker 2: always say to oh, the economy is horrible. I mean, 647 00:34:34,560 --> 00:34:39,920 Speaker 2: no matter what. But is this reality or is it perception? 648 00:34:42,000 --> 00:34:44,520 Speaker 4: Yeah, we are shifting into Yeah, we are shifting into 649 00:34:44,600 --> 00:34:48,040 Speaker 4: a seller's market because a lot of houses are going 650 00:34:48,120 --> 00:34:50,560 Speaker 4: up for sale right now. I guess they're the real 651 00:34:50,760 --> 00:34:53,520 Speaker 4: crux of the issue remains the mortgage rates, because even 652 00:34:53,560 --> 00:34:55,719 Speaker 4: though they have gone down, they are down to around 653 00:34:55,760 --> 00:34:58,840 Speaker 4: the one year lows right now, they're still above six percent. 654 00:34:59,440 --> 00:35:01,680 Speaker 4: And right now what's kind of been inhibiting everything has 655 00:35:01,680 --> 00:35:03,319 Speaker 4: been the fact that a lot of people who have 656 00:35:03,600 --> 00:35:06,399 Speaker 4: houses they don't want to move because they locked into 657 00:35:06,440 --> 00:35:08,520 Speaker 4: mortgages at three or four percent, you know, during the 658 00:35:08,560 --> 00:35:11,600 Speaker 4: pandemic for before. Now they're having them at a much 659 00:35:11,640 --> 00:35:14,760 Speaker 4: higher rate. So I think the dominoes are in place 660 00:35:14,840 --> 00:35:18,759 Speaker 4: for us to see our recovery. But right now the 661 00:35:18,920 --> 00:35:20,520 Speaker 4: ras are just so high in a lot of major 662 00:35:20,760 --> 00:35:23,520 Speaker 4: metros compared to rents. You know, rents have actually kind 663 00:35:23,520 --> 00:35:26,479 Speaker 4: of gone down from their peaks. Obviously in a place 664 00:35:26,520 --> 00:35:29,080 Speaker 4: like Boston really not so much. You know, Boston even 665 00:35:29,320 --> 00:35:32,799 Speaker 4: in one Yeah, rents, rents and owning back even in 666 00:35:32,800 --> 00:35:34,880 Speaker 4: twenty twenty one and before was very comparable. It has 667 00:35:34,880 --> 00:35:38,880 Speaker 4: always been very expensive to rent in Boston. But you know, overall, 668 00:35:38,920 --> 00:35:41,360 Speaker 4: we're seeing rents kind of come down from that uphora 669 00:35:41,440 --> 00:35:44,239 Speaker 4: kai as more supply enters the market. So we'll see 670 00:35:44,239 --> 00:35:46,719 Speaker 4: if we can see more supply on the housing the 671 00:35:46,760 --> 00:35:48,520 Speaker 4: real estate side for purchases as well. 672 00:35:49,040 --> 00:35:52,400 Speaker 2: Yeah, you know, it's funny today the market had a 673 00:35:52,480 --> 00:35:55,719 Speaker 2: huge day, as I'm sure the stock market. Now everybody 674 00:35:55,800 --> 00:35:58,760 Speaker 2: not everybody, but a lot of people, whether they realize 675 00:35:58,760 --> 00:36:01,160 Speaker 2: it or not they are invested in the market. And 676 00:36:01,239 --> 00:36:03,040 Speaker 2: now again I don't know what's going to happen tomorrow, 677 00:36:03,080 --> 00:36:07,760 Speaker 2: but the futures normally after daylight today, each each of 678 00:36:07,480 --> 00:36:11,160 Speaker 2: the three leading indicators, you know, the dial, NASTAC and 679 00:36:11,239 --> 00:36:14,360 Speaker 2: the five hundred, they were all up over a percentage points. 680 00:36:14,440 --> 00:36:17,680 Speaker 2: And all of the futures that tomorrow are pointing toward 681 00:36:18,680 --> 00:36:21,359 Speaker 2: h toward a positive open for all three as well. 682 00:36:21,560 --> 00:36:26,840 Speaker 2: So you one to sometimes reality versus perception, and I 683 00:36:27,080 --> 00:36:31,640 Speaker 2: hope that the reality is better than the perception is 684 00:36:31,760 --> 00:36:35,399 Speaker 2: right now. And I'm I like to look at think 685 00:36:35,480 --> 00:36:39,560 Speaker 2: of myself as an optimist. I did a piece last week. 686 00:36:39,600 --> 00:36:41,960 Speaker 2: Are you an optimist or a pessimist? Sounds like a 687 00:36:42,040 --> 00:36:44,640 Speaker 2: lot of people inherently are pessimistic in this country no 688 00:36:44,719 --> 00:36:45,440 Speaker 2: matter what's going on. 689 00:36:47,200 --> 00:36:50,440 Speaker 4: Yeah, that's true. I think right now we are seeing 690 00:36:51,280 --> 00:36:53,560 Speaker 4: mixed signals. You know, on the one hand, the stock 691 00:36:53,680 --> 00:36:56,239 Speaker 4: market continues to make anybody with a four one k 692 00:36:56,520 --> 00:36:58,640 Speaker 4: wealth here, and that's a lot of Americans. A lot 693 00:36:58,680 --> 00:37:00,080 Speaker 4: of people own four in one k is, even the 694 00:37:00,120 --> 00:37:02,920 Speaker 4: younger generation. On the other hand, we have seen you know, 695 00:37:03,040 --> 00:37:06,480 Speaker 4: downward revisions to job growth numbers. We're seeing more job 696 00:37:06,560 --> 00:37:09,600 Speaker 4: seekers and available jobs according to the recent data. So 697 00:37:09,640 --> 00:37:11,960 Speaker 4: there seems to be this divergence between like the real 698 00:37:12,080 --> 00:37:15,400 Speaker 4: economy versus the stock market. We're also seeing some evidence 699 00:37:15,440 --> 00:37:19,200 Speaker 4: that earnings in the stock market remain robust because more 700 00:37:19,280 --> 00:37:22,560 Speaker 4: companies are starting to experiment with AI and getting productivity 701 00:37:22,600 --> 00:37:26,000 Speaker 4: boosts with AI, and that may be affecting, for example, 702 00:37:26,800 --> 00:37:29,200 Speaker 4: people who are just entering the labor market. Yeah, exactly. 703 00:37:29,200 --> 00:37:31,719 Speaker 4: I don't want to say there's widespread AI disruption. There 704 00:37:31,760 --> 00:37:34,960 Speaker 4: hasn't been, but there are some evidence of suggest that 705 00:37:35,040 --> 00:37:38,320 Speaker 4: a lot of these entry level white collar roles are 706 00:37:38,400 --> 00:37:40,560 Speaker 4: being impacted because if you take a look at a 707 00:37:40,600 --> 00:37:42,879 Speaker 4: lot of these earnings reports, something like twenty to thirty 708 00:37:42,920 --> 00:37:45,759 Speaker 4: percent of these companies are now mentioning AI in a 709 00:37:45,800 --> 00:37:47,279 Speaker 4: way that they're actually going to be using it in 710 00:37:47,400 --> 00:37:49,400 Speaker 4: some way. So it's a bit of a you know, 711 00:37:49,840 --> 00:37:51,879 Speaker 4: like a checko and hyde kind of economy. You take 712 00:37:51,880 --> 00:37:53,520 Speaker 4: a look at it in terms of the stock market 713 00:37:53,640 --> 00:37:55,320 Speaker 4: and four one case it's all great. You take a 714 00:37:55,360 --> 00:37:57,680 Speaker 4: look at the job market. For those who are without 715 00:37:57,680 --> 00:37:59,359 Speaker 4: a job, it's taking them a lot longer to find one. 716 00:37:59,400 --> 00:38:01,239 Speaker 4: So that's kind of where that economy is right now. 717 00:38:01,320 --> 00:38:03,759 Speaker 2: Yeah, well, Sam, thanks very much. I really enjoyed the conversation. 718 00:38:04,040 --> 00:38:07,279 Speaker 2: I don't follow this as closely as you do, but 719 00:38:07,320 --> 00:38:09,560 Speaker 2: I try to follow it a little bit. And it's 720 00:38:09,600 --> 00:38:11,480 Speaker 2: always great to be able to bounce back and forth 721 00:38:11,560 --> 00:38:14,319 Speaker 2: and not just sit there and say, uh huh uh 722 00:38:14,440 --> 00:38:16,719 Speaker 2: huh uh huh. You're a good You're a good guest 723 00:38:16,800 --> 00:38:20,760 Speaker 2: and a good research and good financial analyst at Investors Observer. 724 00:38:21,560 --> 00:38:23,680 Speaker 2: Thank you very much, Sam, I appreciate we'll have you 725 00:38:23,800 --> 00:38:25,920 Speaker 2: back my pleasure. 726 00:38:26,000 --> 00:38:26,239 Speaker 4: Thank you. 727 00:38:27,000 --> 00:38:29,399 Speaker 2: At We'll be back right after the nine o'clock news, 728 00:38:29,480 --> 00:38:33,839 Speaker 2: and we're going to talk with Master and Bust City 729 00:38:33,920 --> 00:38:38,640 Speaker 2: counselor Ed Flynn about these targeted thefts up and down 730 00:38:38,760 --> 00:38:42,359 Speaker 2: Newbury Street. This is a problem, and it may get 731 00:38:42,560 --> 00:38:44,240 Speaker 2: worse if it doesn't get addressed.