WEBVTT - Rob Bonta Suing over WB Paramount Merger

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<v Speaker 1>Well, the city council might only give you sixty seconds

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<v Speaker 1>to where your grievance is.

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<v Speaker 2>Oh hi, i'd like to start go to the first

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<v Speaker 2>caller on the phone.

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<v Speaker 1>Well, if you're lucky, now we're giving you a full

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<v Speaker 1>sixty minutes. It's a KABC News Blitz with Randy Wang

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<v Speaker 1>and our long recap of the day's top local stories

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<v Speaker 1>on your drive home. And unlike the city Council, we're

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<v Speaker 1>the perfect vehicle to actually.

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<v Speaker 2>Get your voice heard.

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<v Speaker 1>The KADC News Blitz with Randy Wang starts no, No, No.

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<v Speaker 3>It is the News Blitz with Randy Wang on Talk

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<v Speaker 3>I'll get you in there directly. Programming note before we

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<v Speaker 3>get into today's report, i am on our five of

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<v Speaker 3>broadcasting today, but I'm doing a sixth hour of broadcasting today.

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<v Speaker 3>So I started this morning recording the Accountability Podcast with

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<v Speaker 3>John Phillips that premieres at midnight tonight. You can go

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<v Speaker 3>to that channel YouTube dot com slash at Accountability Podcast.

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<v Speaker 2>That was one hour.

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<v Speaker 3>Then I did three hours of the John Phillipshow, so

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<v Speaker 3>that's four hours.

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<v Speaker 2>We're starting the news blitz right now.

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<v Speaker 3>That's our five and at eight o'clock tonight, I'm going

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<v Speaker 3>to be a guest on the California Underground podcast with

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<v Speaker 3>our buddy Phil Moroelo. I've been invited to hang out

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<v Speaker 3>for his live stream at eight o'clock tonight. It goes

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<v Speaker 3>live on YouTube at California Underground as well as Instagram

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<v Speaker 3>at California Underground, so check me out. I'll be on

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<v Speaker 3>there tonight at eight o'clock, so I will be having

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<v Speaker 3>dinner probably around seven. Let's get into today's stories, and

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<v Speaker 3>our first story considers our Attorney General Bob Bonta Rob Bonta,

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<v Speaker 3>but we like to call him Bob Bonta because LeeAnne

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<v Speaker 3>Melendez said that once and I can't get over it.

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<v Speaker 3>Bob Bonta made big headlines when he and eleven other

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<v Speaker 3>attorneys general made a big lawsuit trying to halt the

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<v Speaker 3>mega merger between Paramount Sky Dance and Warner Brothers Discovery, which,

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<v Speaker 3>by the way, just the name of those comempanies tells

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<v Speaker 3>you how out of control some of these mergers have gotten,

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<v Speaker 3>because both of these companies recently did their own mergers

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<v Speaker 3>and takeovers, and it's just it is a constant industry

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<v Speaker 3>of everyone eating each other up. I have conflicting thoughts

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<v Speaker 3>on this. For one, I love Bob Bonta making the

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<v Speaker 3>backdrop of the Hollywood Sign as he's trying to obviously

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<v Speaker 3>get some attention for himself. But what's interesting about this lawsuit?

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<v Speaker 3>And I just listened to an interview that Bonta did

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<v Speaker 3>the day he dropped the lawsuit with Kara Swisher on

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<v Speaker 3>Pivot with Kara Swisher and Scott Galloway, which I listened

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<v Speaker 3>to and I enjoy And if you ever listen to

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<v Speaker 3>Scott Galloway, who I'm a big fan of. I like

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<v Speaker 3>a lot of his stuff. But if you know me,

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<v Speaker 3>and you know my obsession when it comes to phraseology

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<v Speaker 3>and my obsession with certain word crutches that people can't

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<v Speaker 3>seem to realize that they keep doing, specifically quite frankly,

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<v Speaker 3>quite frankly, quite frankly, quite frankly, that if you ever

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<v Speaker 3>listen to Scott Galloway, you will realize that he says

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<v Speaker 3>that phrase over and over and over again. But one

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<v Speaker 3>of the things about this lawsuit is that the scope

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<v Speaker 3>is specifically going after the film distribution and the film

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<v Speaker 3>studio part of this, because if you're Paramount sky Dance

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<v Speaker 3>and you're looking to gobble up Warner Brothers Discovery, you

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<v Speaker 3>can look at this at the lens of you're just

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<v Speaker 3>trying to become a bigger competitor in the streaming market

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<v Speaker 3>because the market share of Warner Brothers, which is HBO

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<v Speaker 3>Max and Paramount which is paramount plus combined, isn't even

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<v Speaker 3>a fraction of what Netflix does or what YouTube does,

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<v Speaker 3>which I am recording to and I'm going to post

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<v Speaker 3>a video of right now I somebody being four twenty

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<v Speaker 3>one years old.

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<v Speaker 2>Well, I'll be forty one in a couple of weeks.

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<v Speaker 3>I consume the vast majority of my content on YouTube,

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<v Speaker 3>and in fact, with my wife being out of town

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<v Speaker 3>for the summer, I don't think outside of watching John Oliver,

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<v Speaker 3>I have watched anything on any of my streaming services

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<v Speaker 3>for the past six weeks, and I pay for all

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<v Speaker 3>of them.

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<v Speaker 2>So this lawsuit is not about that.

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<v Speaker 3>This lawsuit is about the consolidation of the film studios

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<v Speaker 3>and how there is an argument that that's going to

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<v Speaker 3>lead to job losses when it comes to redundancy, when

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<v Speaker 3>you're talking about some of the office people, HR, accounting,

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<v Speaker 3>what have you. We've seen this over and over and

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<v Speaker 3>over again, and the people that are going to be

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<v Speaker 3>there are going to have to do a lot more

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<v Speaker 3>with a lot less. Look, I'm no stranger to market consolidation. Famously,

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<v Speaker 3>in the late nineties, then President Bill Clinton helped rein

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<v Speaker 3>through so the deregulation of the radio industry where companies

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<v Speaker 3>can only own a certain amount of stations, and then

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<v Speaker 3>we said, screw it, they can own as many as

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<v Speaker 3>eight in every market. And that's when you saw the

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<v Speaker 3>behemoths of clear Channel and later what became to be

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<v Speaker 3>known as Cumulus buying up every single thing. Odyssey just

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<v Speaker 3>did this recently, and buying all these stations and also

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<v Speaker 3>buying all the debt, and not exactly becoming profitable. And

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<v Speaker 3>for the most part, you ask anybody that's worked in

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<v Speaker 3>the radio industry in the last thirty years, they'll tell

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<v Speaker 3>you the product has gotten worse.

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<v Speaker 2>So is this better for consumers?

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<v Speaker 3>Probably not accepted one specific instance. And again, the lawsuit

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<v Speaker 3>is not about the streamers. The lawsuit is about the

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<v Speaker 3>film studios, which is interesting because you know, there's so

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<v Speaker 3>many things that get made now. They get a lot

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<v Speaker 3>of attention that are being done by the independent studios,

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<v Speaker 3>whether it be your obsession, whether it be your back rooms,

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<v Speaker 3>or the Oscar Anora, which.

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<v Speaker 2>Is a fantastic movie and.

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<v Speaker 3>Worth all of it, and she deserved the Oscar too, Like, Okay,

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<v Speaker 3>let's make the argument that these studios are too big

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<v Speaker 3>and too powerful. Well, okay, on the streamer side of it.

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<v Speaker 3>There is one benefit to the consumer. Now there could

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<v Speaker 3>be an issue with well that means if they're buying

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<v Speaker 3>up all these services, there's going to be less content.

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<v Speaker 3>For one, there's a lot of content out there, and

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<v Speaker 3>one of the issues with having so much different content

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<v Speaker 3>on so many different streamers is that it's impossible to

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<v Speaker 3>watch everything, and if you're paying for every single one,

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<v Speaker 3>you're probably wasting a ridiculous amount of money.

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<v Speaker 2>I don't even want to add it up now.

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<v Speaker 3>Caveat certain streamers I get with a benefit to my

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<v Speaker 3>credit card. So Apple TV Plus, which I think Apple

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<v Speaker 3>puts out incredible content. You're talking Ted Last, so you're

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<v Speaker 3>talking shrinking great shows. They don't really care about how

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<v Speaker 3>many people watch them. They're just doing it for the awards.

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<v Speaker 3>But I think they put out really really quality content

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<v Speaker 3>and not enough people talk about them.

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<v Speaker 2>But they're in one category.

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<v Speaker 3>You've got your Peacock, which I think puts out great stuff.

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<v Speaker 3>That Reggie Dinkins show is great. It's very reminiscent of

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<v Speaker 3>the thirty Rock days. But I mean, how much business

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<v Speaker 3>are they really doing. All of these companies have a

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<v Speaker 3>fraction of the business that Netflix is doing, and even

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<v Speaker 3>all that pales in comparison to what YouTube is doing.

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<v Speaker 3>But if you're paying for all of them, you're not

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<v Speaker 3>watching them. Anyway, I do pay for all of them.

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<v Speaker 3>Probably shouldn't, but I do have a deal going. So

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<v Speaker 3>the Apple one I get with my Chase cards, that

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<v Speaker 3>one's free, I can watch all I want. My Chase

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<v Speaker 3>Reserve is paying for that, and I already get enough

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<v Speaker 3>benefits where the annual fee makes sense. My MX Platinum,

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<v Speaker 3>I get a twenty five dollars streaming credit which I

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<v Speaker 3>have bundled together HBO and Disney and Hulu, which I

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<v Speaker 3>don't know how that works because Disney and Hulu are

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<v Speaker 3>about to merge, but anyway, that's like twenty eight dollars

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<v Speaker 3>a month, and I get twenty five dollars a month,

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<v Speaker 3>So I'm getting those for three dollars. Then you get

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<v Speaker 3>your peacock and then you get your paramount. But one

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<v Speaker 3>of the benefits to the consumer if all of these

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<v Speaker 3>companies merge is there will be less.

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<v Speaker 2>Of these streaming services to subscribe to.

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<v Speaker 3>But it is very interesting to me that six years ago,

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<v Speaker 3>when everyone decided they were gonna come out with their

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<v Speaker 3>own Netflix, we're talking Disney Plus, we're talking paramount, plus

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<v Speaker 3>we're talking peacock.

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<v Speaker 2>HBO had.

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<v Speaker 3>HBO has gone through so many name changes over the

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<v Speaker 3>last ten years. First they had HBO Go, then it

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<v Speaker 3>became HBO Now, then it became HBO Max, then it

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<v Speaker 3>became Max, and then it became HBO Max again. I'm

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<v Speaker 3>pretty sure I got all of those, but that's always

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<v Speaker 3>been a in some capacity. But you you have so

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<v Speaker 3>many others at that point. If there's less of them,

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<v Speaker 3>then you'll be paying less to watch all of this stuff,

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<v Speaker 3>unless they decide, Okay, now we've merged these services, we

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<v Speaker 3>need to increase the price to Netflix levels. Because Netflix

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<v Speaker 3>got really expensive. I hope you enjoy it because you're

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<v Speaker 3>paying If you're paying for four K on multiple screens,

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<v Speaker 3>you're paying what twenty six twenty seven dollars a month

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<v Speaker 3>just for that, and it goes up like every year.

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<v Speaker 3>That being said, regardless of the streaming aspect of us. Oh,

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<v Speaker 3>let me get to the point I was making so

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<v Speaker 3>all these companies put forth all this money to create

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<v Speaker 3>all this original content and stop doing what they were

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<v Speaker 3>doing selling it to Netflix. And Netflix was taking on

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<v Speaker 3>a ridiculous amount of debt, but they were growing a

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<v Speaker 3>huge subscriber base. All of these streamers immediately start losing money.

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<v Speaker 3>They start cutting the amount of content they're doing, they

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<v Speaker 3>start cutting how much money they're putting into these shows.

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<v Speaker 2>Season one of.

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<v Speaker 3>How the Dragon had lots of battles and lots of dragons.

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<v Speaker 3>Season two had a lot of talking. Now I haven't

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<v Speaker 3>seen season three yet, but I hear they brought a

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<v Speaker 3>lot of the fighting and the dragons back. So maybe

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<v Speaker 3>they've realized their mistake or they pissed off George R. R.

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<v Speaker 2>Martin.

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<v Speaker 3>But ultimately a lot of these companies decided, you know what,

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<v Speaker 3>why don't we just go ahead and start selling our

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<v Speaker 3>back catalogs to Netflix again anyway, because that was working

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<v Speaker 3>out really well. It's a giant, convoluted mess. And one

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<v Speaker 3>of the things that is interesting is the younger generation doesn't.

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<v Speaker 2>Pay attention to almost any of this stuff.

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<v Speaker 3>They're watching YouTube, they're watching videos of other people play

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<v Speaker 3>video games, they're watching short form content on TikTok, they're

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<v Speaker 3>watching the instagrams, and they're watching podcasts.

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<v Speaker 2>That is a huge growth industry.

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<v Speaker 3>In fact, Netflix is so into this now and they're

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<v Speaker 3>seeing how many people are watching podcasts on YouTube, something

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<v Speaker 3>that we're now doing that. They're actually buying podcasts, the

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<v Speaker 3>Breakfast Club, you can Netflix's. It's having all of this

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<v Speaker 3>content that costs so little to produce. I can now

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<v Speaker 3>put on a cable news level of quality talk show

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<v Speaker 3>from one computer.

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<v Speaker 2>It's crazy, but.

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<v Speaker 3>Ultimately it means the way that this industry is going

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<v Speaker 3>is that there will be fewer jobs. And these mergers

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<v Speaker 3>are whether they happen or not, there's going to be

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<v Speaker 3>a lot of the industry is going to be more

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<v Speaker 3>spread out than it ever has been and I don't

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<v Speaker 3>see that changing anytime soon. And sure, we could talk

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<v Speaker 3>about the tax credits issue, including apparently a piece of

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<v Speaker 3>legislation that might handicap California trying to claw back some

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<v Speaker 3>of the productions that have left and the more attractive

0:12:47.800 --> 0:12:51.440
<v Speaker 3>tax credits in other states, because we decided to put

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<v Speaker 3>forth a part in the budget that says no company

0:12:53.840 --> 0:12:56.440
<v Speaker 3>can get more than five million dollars in these tax credits,

0:12:56.600 --> 0:12:59.200
<v Speaker 3>which pretty much wipes out all the big studios from

0:12:59.280 --> 0:13:02.560
<v Speaker 3>coming back here anytime soon. And don't worry, they're not

0:13:02.600 --> 0:13:05.280
<v Speaker 3>going to Atlanta anymore. They're fleeing to Ireland or the

0:13:05.400 --> 0:13:10.240
<v Speaker 3>UK or Canada. And yeah, I'm gonna say this as

0:13:10.320 --> 0:13:14.000
<v Speaker 3>a union guy, it's the unions that are definitely helping

0:13:14.080 --> 0:13:17.520
<v Speaker 3>accelerate that push. It would be nice if everyone could

0:13:17.520 --> 0:13:20.480
<v Speaker 3>sit down and find a happy medium to keep production here,

0:13:20.520 --> 0:13:24.800
<v Speaker 3>but I don't see that happening anytime soon. In Culver City,

0:13:24.840 --> 0:13:28.040
<v Speaker 3>there is a backlash two more proposed bike lanes, this

0:13:28.160 --> 0:13:32.560
<v Speaker 3>time protected bike lanes on Overland Boulevard, taking away parking

0:13:32.960 --> 0:13:38.160
<v Speaker 3>and taking away lanes of traffic on a very busy

0:13:38.200 --> 0:13:40.760
<v Speaker 3>street that connects to the freeway. And one of the

0:13:40.880 --> 0:13:42.640
<v Speaker 3>arguments that a lot of people that showed up at

0:13:42.640 --> 0:13:44.920
<v Speaker 3>the council meeting have as to why they're opposed to

0:13:44.960 --> 0:13:48.240
<v Speaker 3>this is they don't see anybody in these bike lanes anyway.

0:13:48.240 --> 0:13:51.000
<v Speaker 3>It's this whole idea, if you build it, they will come. Well,

0:13:51.720 --> 0:13:53.840
<v Speaker 3>I live in parts of the San Fernando Valley where

0:13:53.880 --> 0:13:57.560
<v Speaker 3>we have turned entire thoroughfares. Receive a boulevard in the

0:13:57.600 --> 0:14:01.080
<v Speaker 3>Northridge area into bike lane, and you think, oh, that

0:14:01.120 --> 0:14:02.720
<v Speaker 3>would be a place with a lot of bikes. You're

0:14:02.760 --> 0:14:06.360
<v Speaker 3>right next to seasun You will never see a bicycle

0:14:06.600 --> 0:14:09.400
<v Speaker 3>going through Receipt a boulevard. They've got the protected bike

0:14:09.480 --> 0:14:12.240
<v Speaker 3>lanes on White Oak I've seen maybe one, maybe two.

0:14:12.760 --> 0:14:15.480
<v Speaker 3>I have seen a lot of dented ballards that I

0:14:15.559 --> 0:14:20.440
<v Speaker 3>have seen plenty of, but I have not seen people

0:14:20.720 --> 0:14:24.280
<v Speaker 3>using these bike lanes because for the most part, outside

0:14:24.320 --> 0:14:27.080
<v Speaker 3>of the recreation of it, which you're probably better off

0:14:27.120 --> 0:14:30.840
<v Speaker 3>going to the trails or the bike paths, except for

0:14:31.080 --> 0:14:34.040
<v Speaker 3>the La River bike path, because you will probably pop

0:14:34.080 --> 0:14:37.960
<v Speaker 3>your tires unbroken glass. I speak from experience, but it's

0:14:38.000 --> 0:14:42.080
<v Speaker 3>still not necessarily safe and it's not really convenient, and

0:14:42.120 --> 0:14:46.320
<v Speaker 3>so we're building a bunch of infrastructure that nobody's really using.

0:14:47.120 --> 0:14:51.880
<v Speaker 3>So I understand the concern over there. Squatters are taking

0:14:51.920 --> 0:14:54.960
<v Speaker 3>over more homes in Los Angeles. This is a fantastic

0:14:55.040 --> 0:14:58.680
<v Speaker 3>report from our friend Matthew Seedorf at Fox eleven, and

0:14:59.280 --> 0:15:02.920
<v Speaker 3>it is We told you about this story four months

0:15:02.960 --> 0:15:05.400
<v Speaker 3>ago where a family lost their home because the house

0:15:05.480 --> 0:15:08.560
<v Speaker 3>next door burned down thanks to squatters, and this family

0:15:08.560 --> 0:15:11.760
<v Speaker 3>lost their home and their three dogs passed away. Awful,

0:15:11.880 --> 0:15:15.640
<v Speaker 3>awful story. Four months later, their house is still burned

0:15:15.680 --> 0:15:19.400
<v Speaker 3>down and now it's a giant pile of trash. Squatters

0:15:19.400 --> 0:15:23.080
<v Speaker 3>have invaded, which means there is more fires, there is garbage,

0:15:23.120 --> 0:15:28.080
<v Speaker 3>and there is condoms everywhere. Because one of the factors

0:15:28.080 --> 0:15:32.360
<v Speaker 3>of squatters is it's also dens for prostitution. I don't

0:15:32.400 --> 0:15:34.520
<v Speaker 3>know why that's your thing where you need to do

0:15:34.640 --> 0:15:38.280
<v Speaker 3>that situation on top of a burned out building, But

0:15:39.400 --> 0:15:43.600
<v Speaker 3>creepy dudes gonna creepy dudes. Speaking of creepy dudes, there

0:15:43.680 --> 0:15:46.200
<v Speaker 3>is a crazy story coming out of Long Beach where

0:15:46.920 --> 0:15:52.560
<v Speaker 3>locals are very upset about all of these vans parking saying, hey,

0:15:53.040 --> 0:15:58.200
<v Speaker 3>check out Pinky's Girls in this big pink font advertising

0:15:58.280 --> 0:16:01.560
<v Speaker 3>adult services and hookups. We're not really sure what it's for,

0:16:03.600 --> 0:16:06.640
<v Speaker 3>and people are like, why is this allowed, especially outside

0:16:06.640 --> 0:16:09.640
<v Speaker 3>of school, and how are you making any money on this? Well,

0:16:09.800 --> 0:16:12.520
<v Speaker 3>great piece from NBCLA. It's one of my favorite pieces

0:16:12.560 --> 0:16:17.920
<v Speaker 3>of the day because here's the issue. You have all

0:16:17.960 --> 0:16:22.280
<v Speaker 3>of these ced trailers and vans being parked all over

0:16:22.320 --> 0:16:25.840
<v Speaker 3>the place. How much could they possibly be making from it?

0:16:26.320 --> 0:16:29.000
<v Speaker 3>What if the whole plan is not to make any

0:16:29.080 --> 0:16:34.920
<v Speaker 3>money from Pinky's Girls. What if the idea here is

0:16:34.960 --> 0:16:41.200
<v Speaker 3>to actually trick cities like Long Beach into a big, fat,

0:16:41.320 --> 0:16:45.200
<v Speaker 3>expensive lawsuit. So when the city of Long Beach tried

0:16:45.240 --> 0:16:50.200
<v Speaker 3>to shut down these trailers advertising Pinky's Girls whatever CD

0:16:50.360 --> 0:16:54.160
<v Speaker 3>service they were actually advertising. They got sued over First

0:16:54.200 --> 0:16:58.400
<v Speaker 3>Amendment violations by the owner of said trailers, and the

0:16:58.400 --> 0:17:03.359
<v Speaker 3>owner got three hundred dollars. So is this a situation

0:17:03.480 --> 0:17:07.199
<v Speaker 3>where someone really is advertising prostitutes on the back of

0:17:07.240 --> 0:17:12.879
<v Speaker 3>a van, or is this a free speech First amendmenttrol

0:17:13.440 --> 0:17:17.320
<v Speaker 3>who has figured out the perfect scam to sue cities.

0:17:18.119 --> 0:17:22.080
<v Speaker 3>It's definitely possible. It's the News Blitz with Randy Wang

0:17:22.200 --> 0:17:26.520
<v Speaker 3>on KABC. It's the News Blitz with Randy Wang on

0:17:26.680 --> 0:17:31.360
<v Speaker 3>talk radio seven ninety KABC. You know what, let's get

0:17:31.359 --> 0:17:33.520
<v Speaker 3>this out of the way, because I'm totally going to forget.

0:17:33.560 --> 0:17:37.840
<v Speaker 3>I've got something nice for you. Seven ninety KABC welcomes

0:17:38.000 --> 0:17:41.840
<v Speaker 3>Nelly with special guests Too Short at the Pacific Amphitheater

0:17:41.920 --> 0:17:45.240
<v Speaker 3>at the OC Fair on August second. Tickets are on

0:17:45.400 --> 0:17:48.480
<v Speaker 3>sale now at pacamp dot com, but right now calling

0:17:48.600 --> 0:17:51.040
<v Speaker 3>number nine at one eight at eight seven ninety five

0:17:51.119 --> 0:17:53.359
<v Speaker 3>two two two gets a pair of tickets to the show.

0:17:53.880 --> 0:17:57.840
<v Speaker 3>All concert tickets included mission to the OC Fair. Tickets

0:17:57.880 --> 0:18:04.880
<v Speaker 3>furnished by the Pacific Amphitheater. Good luck dialing. I am

0:18:04.920 --> 0:18:09.680
<v Speaker 3>going to be a guest on the California Underground podcast

0:18:10.040 --> 0:18:13.160
<v Speaker 3>today at eight o'clock at night. They stream live at

0:18:13.200 --> 0:18:17.199
<v Speaker 3>eight o'clock on Tuesdays on YouTube at YouTube dot com,

0:18:17.280 --> 0:18:23.199
<v Speaker 3>slash at California Underground, and on Instagram at California Underground.

0:18:23.240 --> 0:18:27.160
<v Speaker 3>So I'm very excited. I need to reach out more

0:18:27.200 --> 0:18:29.280
<v Speaker 3>to different kinds of shows because I'd love to do

0:18:29.359 --> 0:18:31.959
<v Speaker 3>guest spots, especially now that i have the video setup

0:18:32.000 --> 0:18:34.719
<v Speaker 3>all ready to go. So I'm excited to see how

0:18:34.760 --> 0:18:37.960
<v Speaker 3>this goes. We've had Phil Marielo, the host of California Underground,

0:18:38.000 --> 0:18:40.960
<v Speaker 3>on the show many times, and I think he does

0:18:41.000 --> 0:18:43.679
<v Speaker 3>a great show, and I'm very excited to be a

0:18:43.840 --> 0:18:48.080
<v Speaker 3>part of it. Let me remind you that at midnight tonight,

0:18:49.160 --> 0:18:54.160
<v Speaker 3>the Accountability Podcast with John Phillips and Randy Wang, episode

0:18:54.200 --> 0:18:57.800
<v Speaker 3>three drops and this one. As soon as I saw

0:18:57.920 --> 0:18:59.840
<v Speaker 3>this thing happen, I was like, Oh, we're covering this

0:19:00.040 --> 0:19:04.159
<v Speaker 3>on the podcast. Karen Bass and Barbara Ferrera getting cussed

0:19:04.240 --> 0:19:09.560
<v Speaker 3>out in English and Spanish and getting booed in boil Heights.

0:19:09.880 --> 0:19:12.800
<v Speaker 3>I'm like, yes, I could cut clips of that and

0:19:12.840 --> 0:19:16.600
<v Speaker 3>cut around all the screaming and the cussin, or we

0:19:16.680 --> 0:19:20.359
<v Speaker 3>can do. What we could do is play it all

0:19:20.480 --> 0:19:25.200
<v Speaker 3>uncensored on an uncensored podcast, so that show goes live

0:19:25.520 --> 0:19:29.000
<v Speaker 3>at midnight. You can subscribe on audio a couple of

0:19:29.000 --> 0:19:33.040
<v Speaker 3>different ways, Apple Podcasts, iHeartRadio, but we really encourage you

0:19:33.600 --> 0:19:37.320
<v Speaker 3>to get us on YouTube, YouTube dot com slash at

0:19:37.359 --> 0:19:41.200
<v Speaker 3>Accountability Podcast. If you cannot find it, email us and

0:19:41.320 --> 0:19:44.040
<v Speaker 3>we'll send you the link because you can watch us

0:19:44.119 --> 0:19:46.400
<v Speaker 3>react to all the madness in real time.

0:19:46.560 --> 0:19:48.000
<v Speaker 2>It is fantastic.

0:19:48.520 --> 0:19:50.879
<v Speaker 3>And as an added bonus, we're trying to get to

0:19:50.920 --> 0:19:53.159
<v Speaker 3>one thousand subscribers by the end of the week and

0:19:53.200 --> 0:19:55.920
<v Speaker 3>if we do, I have a very special video gift

0:19:55.960 --> 0:19:59.520
<v Speaker 3>for you. We are going to put out a very

0:19:59.560 --> 0:20:04.280
<v Speaker 3>special produced video, a visual representation of the famous caller

0:20:04.440 --> 0:20:07.480
<v Speaker 3>Kathy from Malibu who wanted to talk to John Phillips

0:20:07.520 --> 0:20:11.560
<v Speaker 3>about Madonna and Martha Stewart. It's a blast, but I

0:20:11.600 --> 0:20:14.560
<v Speaker 3>can't release it until we get to one thousand subs.

0:20:14.640 --> 0:20:18.440
<v Speaker 3>So that's YouTube dot com slash at Accountability Podcast. It's

0:20:18.440 --> 0:20:21.160
<v Speaker 3>the News Blitz with Randy Wang on KABC.

0:20:22.560 --> 0:20:25.880
<v Speaker 1>He's half past five in LA. That means you're either

0:20:25.920 --> 0:20:31.240
<v Speaker 1>sitting at a bar or sitting in transfer well. Wherever

0:20:31.320 --> 0:20:34.840
<v Speaker 1>you are sitting, get comfortable because the KADC News Blitz

0:20:34.880 --> 0:20:36.560
<v Speaker 1>with Randy Wang continues.

0:20:36.680 --> 0:20:40.080
<v Speaker 3>No, it is the News Blitz with Randy Wang on

0:20:40.200 --> 0:20:44.800
<v Speaker 3>Talk Radio seven ninety KABC. This is your daily rundown

0:20:44.840 --> 0:20:47.080
<v Speaker 3>of everything you need to know that's going on in

0:20:47.160 --> 0:20:50.399
<v Speaker 3>southern California as well as the Bay Area, Sacramento, and

0:20:50.560 --> 0:20:54.040
<v Speaker 3>San Diego. I compile a list every single day of

0:20:54.119 --> 0:20:57.159
<v Speaker 3>all the stories that are important to Californians that you

0:20:57.240 --> 0:21:01.320
<v Speaker 3>may have missed at Randy Wang Radio dot so dot com.

0:21:01.400 --> 0:21:03.760
<v Speaker 3>You and also follow me on x and Instagram at

0:21:03.880 --> 0:21:07.040
<v Speaker 3>Randy Wang Radio, send me an email at Randywang Radio

0:21:07.119 --> 0:21:11.160
<v Speaker 3>at gmail dot com, and subscribe to our YouTube channels.

0:21:11.400 --> 0:21:13.840
<v Speaker 3>You can get the John Phillips Show and this show

0:21:13.880 --> 0:21:17.880
<v Speaker 3>on video every single day at YouTube dot com slash

0:21:17.920 --> 0:21:20.760
<v Speaker 3>at Randy Wang Radio. I post the video after the

0:21:20.800 --> 0:21:23.600
<v Speaker 3>show airs, and there's clips from the John Phillipshow and

0:21:23.840 --> 0:21:26.359
<v Speaker 3>you can watch live from noon to three. Participate in

0:21:26.400 --> 0:21:30.399
<v Speaker 3>the chatroom that's YouTube dot com slash at Randywang Radio.

0:21:30.760 --> 0:21:34.000
<v Speaker 3>And the podcast The Accountability Podcast, which the new episode

0:21:34.080 --> 0:21:38.480
<v Speaker 3>drops tomorrow is YouTube dot com slash at Accountability Podcast.

0:21:38.560 --> 0:21:40.760
<v Speaker 3>If you cannot find either of those, do what Ed

0:21:40.960 --> 0:21:43.200
<v Speaker 3>just did and ask me for the links. I will

0:21:43.240 --> 0:21:47.119
<v Speaker 3>send them to you via email. Also just a reminder.

0:21:47.440 --> 0:21:51.400
<v Speaker 3>I'm going to be on the California Underground podcast tonight

0:21:51.400 --> 0:21:55.240
<v Speaker 3>at eight o'clock at YouTube dot com, slash at California Underground,

0:21:55.240 --> 0:22:00.879
<v Speaker 3>and Instagram at California Underground. Gavin Newsom has done a

0:22:01.080 --> 0:22:03.840
<v Speaker 3>lot of things to make it easier to build housing

0:22:03.960 --> 0:22:07.000
<v Speaker 3>in California, and most of them have not moved the

0:22:07.040 --> 0:22:12.160
<v Speaker 3>needle at all. But this last one, including a bill

0:22:12.280 --> 0:22:18.040
<v Speaker 3>signing that he did just today, may have a little

0:22:18.119 --> 0:22:21.040
<v Speaker 3>bigger impact than most of the things that he says

0:22:21.080 --> 0:22:25.600
<v Speaker 3>are game changers, because there's a lot of things that

0:22:25.680 --> 0:22:29.320
<v Speaker 3>go into why it's so expensive to build in California.

0:22:29.880 --> 0:22:32.679
<v Speaker 3>Could be the cost of materials, could be you know,

0:22:32.880 --> 0:22:36.919
<v Speaker 3>minimum labor standards and union workers, what have you. But

0:22:37.080 --> 0:22:39.680
<v Speaker 3>one of the things that truly drives up the cost,

0:22:39.720 --> 0:22:42.280
<v Speaker 3>and it's something that Matt Mayhan talked about a lot

0:22:42.320 --> 0:22:44.560
<v Speaker 3>on the campaign trail when he was running for governor

0:22:44.560 --> 0:22:47.439
<v Speaker 3>as mayor of San Jose and got four percent of

0:22:47.440 --> 0:22:51.040
<v Speaker 3>the vote.

0:22:49.760 --> 0:22:53.320
<v Speaker 2>Was impact fees. What are impact fees?

0:22:53.920 --> 0:22:59.639
<v Speaker 3>Impact fees are fees placed by cities and counties to

0:22:59.760 --> 0:23:04.760
<v Speaker 3>peace people building homes, whether that's single family homes or

0:23:05.040 --> 0:23:10.560
<v Speaker 3>multifamily homes. It is an essential tax before a shovel

0:23:10.640 --> 0:23:15.119
<v Speaker 3>is even put into the ground, and it can drive

0:23:15.240 --> 0:23:19.360
<v Speaker 3>up the cost of a home by twenty to thirty

0:23:19.680 --> 0:23:24.720
<v Speaker 3>percent because the developer's got to make that money back somewhere,

0:23:24.760 --> 0:23:26.679
<v Speaker 3>which means the home's going to have to cost a

0:23:26.720 --> 0:23:30.560
<v Speaker 3>lot more because we're paying a ridiculous tax to even

0:23:30.600 --> 0:23:32.560
<v Speaker 3>build a house while we say we're in the middle

0:23:32.560 --> 0:23:38.359
<v Speaker 3>of a housing crisis. Now, cities and counties depend on

0:23:38.440 --> 0:23:41.800
<v Speaker 3>all of this money because it's what fills their budgets.

0:23:42.119 --> 0:23:45.280
<v Speaker 3>They want to approve certain kinds of housing because they

0:23:45.320 --> 0:23:48.480
<v Speaker 3>can get taxes and fees from it. And you know what,

0:23:49.119 --> 0:23:52.520
<v Speaker 3>that system has not worked. So what is Gavin doing?

0:23:52.520 --> 0:23:55.800
<v Speaker 3>And again we'll see if this actually turns out the

0:23:55.800 --> 0:23:57.840
<v Speaker 3>way he says it is because Gavin makes a lot

0:23:57.840 --> 0:24:00.640
<v Speaker 3>of big promises with very little follow through.

0:24:01.800 --> 0:24:04.200
<v Speaker 2>But at least it face value.

0:24:05.080 --> 0:24:09.639
<v Speaker 3>The idea of the state putting out an incentive structure

0:24:10.000 --> 0:24:14.679
<v Speaker 3>with a carrot and a stick to say goodbye to

0:24:15.000 --> 0:24:18.800
<v Speaker 3>impact fees by saying that you will not get any

0:24:18.840 --> 0:24:22.800
<v Speaker 3>state money for any project if you're collecting impact fees.

0:24:23.359 --> 0:24:26.520
<v Speaker 3>That's the stick, and the carrot is if you do that,

0:24:27.000 --> 0:24:31.080
<v Speaker 3>the state will help whatever invest in that project, whatever

0:24:31.359 --> 0:24:35.119
<v Speaker 3>funds that they have. If the cities and counties can

0:24:35.200 --> 0:24:38.760
<v Speaker 3>stop this nonsensical things with the impact fees, maybe maybe,

0:24:38.800 --> 0:24:42.640
<v Speaker 3>just maybe it'll be cheaper to build here. But will

0:24:42.680 --> 0:24:46.960
<v Speaker 3>that actually mean that housing gets cheaper? You know, It's

0:24:46.960 --> 0:24:48.880
<v Speaker 3>an issue that I wanted to talk about for quite

0:24:48.880 --> 0:24:51.960
<v Speaker 3>some time, and it's usually like at the bottom of

0:24:52.000 --> 0:24:53.080
<v Speaker 3>the list, and so I never.

0:24:52.960 --> 0:24:53.520
<v Speaker 2>Get to it.

0:24:54.640 --> 0:24:58.399
<v Speaker 3>But San Diego is a perfect example of a place

0:24:58.440 --> 0:25:00.840
<v Speaker 3>that has built and built and built and said yes

0:25:00.920 --> 0:25:03.600
<v Speaker 3>to everything. They have built more housing than the rest

0:25:03.600 --> 0:25:04.080
<v Speaker 3>of the state.

0:25:04.200 --> 0:25:04.840
<v Speaker 2>That is true.

0:25:05.880 --> 0:25:08.720
<v Speaker 3>They have built more apartments, they have built more single

0:25:08.760 --> 0:25:11.280
<v Speaker 3>family homes, and yes, they have built lots and lots

0:25:11.320 --> 0:25:15.400
<v Speaker 3>and lots of ADUs. They had that ADU density bonus

0:25:15.480 --> 0:25:19.720
<v Speaker 3>law where you could build an ADU giant tower in

0:25:19.800 --> 0:25:22.520
<v Speaker 3>the backyard of somebody's house and you don't even need

0:25:22.520 --> 0:25:26.720
<v Speaker 3>to have any parking. The latest studies have shown while

0:25:26.840 --> 0:25:32.159
<v Speaker 3>they did increase supply, it did not really buy any

0:25:32.200 --> 0:25:37.440
<v Speaker 3>noticeable margin lower the cost of getting into the market.

0:25:38.560 --> 0:25:41.320
<v Speaker 3>Like the average price of a home is still pretty

0:25:41.359 --> 0:25:44.040
<v Speaker 3>much the same than it was. There are more of them,

0:25:44.560 --> 0:25:47.720
<v Speaker 3>but they still all cost the same. The rents for

0:25:47.920 --> 0:25:51.080
<v Speaker 3>a I remember very specifically Todd Glawyer, the mayor of

0:25:51.160 --> 0:25:54.760
<v Speaker 3>San Diego, doing a ribbon cutting ceremony, taking a victory

0:25:54.840 --> 0:25:57.600
<v Speaker 3>lab talking about how San Diego says yes, and we're

0:25:57.600 --> 0:26:00.440
<v Speaker 3>here to build everything. And then he was cutting the

0:26:00.520 --> 0:26:03.320
<v Speaker 3>ribbon for an apartment building where a one bedroom is

0:26:03.359 --> 0:26:05.200
<v Speaker 3>going for four thousand dollars.

0:26:06.040 --> 0:26:08.520
<v Speaker 2>So my simple question.

0:26:08.760 --> 0:26:14.919
<v Speaker 3>Is, at what point do you build enough housing that

0:26:15.000 --> 0:26:18.359
<v Speaker 3>the price goes down? And if you are somebody who

0:26:18.480 --> 0:26:23.679
<v Speaker 3>owns real estate, is that something you even want? Like

0:26:24.119 --> 0:26:26.399
<v Speaker 3>you know, we all think about well, yes, of course

0:26:26.520 --> 0:26:29.520
<v Speaker 3>we want to have more people be able to get

0:26:29.560 --> 0:26:33.600
<v Speaker 3>into the market, but I also don't want my home

0:26:33.680 --> 0:26:38.600
<v Speaker 3>values going down. I mean, currently I'm in a situation

0:26:38.800 --> 0:26:42.760
<v Speaker 3>where this house is worth about two hundred and fifty

0:26:42.840 --> 0:26:45.240
<v Speaker 3>thousand dollars more, if you believe Zillah, more than we

0:26:45.320 --> 0:26:48.480
<v Speaker 3>paid for it. Not that we could ever sell. We're

0:26:48.480 --> 0:26:50.399
<v Speaker 3>locked in at a two percent rate. I can't get

0:26:50.480 --> 0:26:54.280
<v Speaker 3>rid of that. But if we build so much housing,

0:26:54.359 --> 0:26:56.800
<v Speaker 3>let's say SB seventy nine just takes off and we

0:26:56.920 --> 0:26:59.800
<v Speaker 3>built out so much housing and because of population loss,

0:26:59.800 --> 0:27:03.800
<v Speaker 3>all all of a sudden, there is actually a demand problem,

0:27:03.880 --> 0:27:07.840
<v Speaker 3>and a place like the San Fernando Valley in Los Angeles, Like,

0:27:08.040 --> 0:27:11.280
<v Speaker 3>what happens if my home value goes down to below

0:27:11.280 --> 0:27:13.040
<v Speaker 3>what I paid for it? I mean, I don't think

0:27:13.080 --> 0:27:16.040
<v Speaker 3>that's going to happen anytime soon. And I'm sure you

0:27:16.080 --> 0:27:18.720
<v Speaker 3>have plenty of people that bought in at a very

0:27:18.760 --> 0:27:21.600
<v Speaker 3>low price, Like I have friends that bought it in

0:27:21.640 --> 0:27:23.720
<v Speaker 3>twenty twelve at the bottom of the market and then

0:27:23.760 --> 0:27:24.880
<v Speaker 3>sold for triple what.

0:27:24.800 --> 0:27:25.600
<v Speaker 2>They paid for it.

0:27:25.680 --> 0:27:30.200
<v Speaker 3>But there is definitely an incentive to, well, we don't

0:27:30.240 --> 0:27:33.080
<v Speaker 3>want the prices to really go down. A lot of people,

0:27:33.119 --> 0:27:35.600
<v Speaker 3>that is the that's their nest egg, that's their equity,

0:27:35.640 --> 0:27:38.520
<v Speaker 3>that's their livelihood, that's their retirement fund right there.

0:27:39.760 --> 0:27:42.439
<v Speaker 2>So, like a lot of things with this show, I

0:27:42.480 --> 0:27:43.120
<v Speaker 2>don't know what.

0:27:43.080 --> 0:27:46.639
<v Speaker 3>The answer is, but what I do know is impact

0:27:46.680 --> 0:27:51.600
<v Speaker 3>fees are foolish, and counties and cities got to find

0:27:51.640 --> 0:27:54.280
<v Speaker 3>better ways to shore up the holes in their budget

0:27:54.359 --> 0:27:58.199
<v Speaker 3>or I don't know, cut all the waste, but stop

0:27:58.800 --> 0:28:01.520
<v Speaker 3>charging right before a sh shovel even gets into the ground.

0:28:01.960 --> 0:28:03.800
<v Speaker 2>On Impact VS.

0:28:04.960 --> 0:28:07.600
<v Speaker 3>We'll see if that has any changes, if that actually

0:28:07.800 --> 0:28:11.359
<v Speaker 3>moves the needle. With Gavin, you can never be sure,

0:28:11.840 --> 0:28:15.680
<v Speaker 3>but it sure sounds like the right idea. The City

0:28:15.720 --> 0:28:18.679
<v Speaker 3>of Oakland has gone through the first hurdle of trying

0:28:18.760 --> 0:28:22.320
<v Speaker 3>to sell the Colisseum. And if it feels like we've

0:28:22.359 --> 0:28:25.160
<v Speaker 3>been talking about this story for over two years, it's

0:28:25.200 --> 0:28:28.000
<v Speaker 3>because yes, we've been talking about this story for over

0:28:28.119 --> 0:28:30.439
<v Speaker 3>two years, Shangy, and.

0:28:30.520 --> 0:28:36.480
<v Speaker 2>We still got our Oakland A's no, you don't. This time.

0:28:36.520 --> 0:28:38.720
<v Speaker 3>The City of Oakland is selling to a different group.

0:28:38.760 --> 0:28:42.840
<v Speaker 3>The county is selling to AASEEG, which was Shang's Buddies

0:28:42.880 --> 0:28:45.200
<v Speaker 3>that she kept promoting but saying that she wasn't a

0:28:45.240 --> 0:28:48.520
<v Speaker 3>spokesperson for that didn't really have the money. The group

0:28:48.560 --> 0:28:50.720
<v Speaker 3>that's buying from the city says they have the money,

0:28:50.720 --> 0:28:52.760
<v Speaker 3>although part of the deal is that if for some

0:28:52.800 --> 0:28:56.320
<v Speaker 3>reason they can't pay, the city's on the hook for it.

0:28:56.400 --> 0:28:59.760
<v Speaker 3>But there's a lot of excitement and how this is

0:28:59.800 --> 0:29:02.200
<v Speaker 3>going to transform Oakland and how there's going to be

0:29:02.200 --> 0:29:05.400
<v Speaker 3>so much investment in this area. And they're not going

0:29:05.440 --> 0:29:09.440
<v Speaker 3>to tear down the arena or the stadium. So it's

0:29:09.440 --> 0:29:10.959
<v Speaker 3>not only they're going to put a bunch of housing

0:29:11.000 --> 0:29:13.520
<v Speaker 3>in there, but what are they going to put in there?

0:29:14.040 --> 0:29:17.880
<v Speaker 3>You have no sports teams. The soccer team was playing

0:29:18.000 --> 0:29:23.760
<v Speaker 3>at the coliseum they're leaving, So what exactly is there

0:29:23.920 --> 0:29:28.200
<v Speaker 3>to do. Maybe they've got some idea. Maybe they're going

0:29:28.240 --> 0:29:31.040
<v Speaker 3>to attract teams come out there, maybe an expansion team

0:29:31.200 --> 0:29:33.880
<v Speaker 3>for come out there, or maybe this Vegas thing will

0:29:33.920 --> 0:29:35.000
<v Speaker 3>implode in the A's.

0:29:34.800 --> 0:29:35.880
<v Speaker 2>Will come back to Oakland.

0:29:35.880 --> 0:29:40.000
<v Speaker 3>No, that's not happening. But we want the best for

0:29:40.040 --> 0:29:42.640
<v Speaker 3>the city of Oakland. I really do you know. I

0:29:42.680 --> 0:29:45.280
<v Speaker 3>know that city of Oakland becomes the butt of a

0:29:45.320 --> 0:29:47.080
<v Speaker 3>lot of jokes because we have had a lot of

0:29:47.120 --> 0:29:48.600
<v Speaker 3>fun at Shang Tao's expense.

0:29:48.760 --> 0:29:50.440
<v Speaker 2>Absolutely absolutely, but.

0:29:51.520 --> 0:29:54.880
<v Speaker 3>It should be a jewel of a city. It should

0:29:54.920 --> 0:29:58.280
<v Speaker 3>be because of where it is, right on the Bay,

0:29:58.520 --> 0:30:01.800
<v Speaker 3>right next to San Francisco, regarded in the same light

0:30:01.840 --> 0:30:04.640
<v Speaker 3>as San Francisco. Because I have heard so many things

0:30:04.680 --> 0:30:07.920
<v Speaker 3>about the food scene in Oakland that I want to try,

0:30:08.440 --> 0:30:11.719
<v Speaker 3>that I want to be able to enjoy. I follow

0:30:11.760 --> 0:30:14.200
<v Speaker 3>all this like Mez Cowbar up there that I really

0:30:14.280 --> 0:30:18.280
<v Speaker 3>want to experience. But Oakland's got to deal with their

0:30:18.280 --> 0:30:21.640
<v Speaker 3>image problem, and that includes public safety, and that includes

0:30:21.680 --> 0:30:23.760
<v Speaker 3>the doom loop of all the businesses and all the

0:30:23.760 --> 0:30:29.480
<v Speaker 3>sports teams going bye bye. As we're in the middle

0:30:29.480 --> 0:30:32.160
<v Speaker 3>of summer travel season, ABC seven in the Bay has

0:30:32.200 --> 0:30:34.680
<v Speaker 3>put out a handy little guide of travel scams to

0:30:34.760 --> 0:30:39.920
<v Speaker 3>watch out for. Notably, if you're shopping for airline tickets

0:30:40.400 --> 0:30:45.320
<v Speaker 3>on a search engine like a Google, just be careful

0:30:45.360 --> 0:30:49.240
<v Speaker 3>of what search results you're actually clicking on. I find

0:30:49.280 --> 0:30:51.520
<v Speaker 3>it you're better off to know what the real price

0:30:51.600 --> 0:30:55.040
<v Speaker 3>for anything is when you're dealing directly with the airline

0:30:55.080 --> 0:30:58.360
<v Speaker 3>and you're dealing directly with their apps. Also, make sure

0:30:58.400 --> 0:31:00.680
<v Speaker 3>you pay for any of this stuff with a credit cards,

0:31:00.720 --> 0:31:04.600
<v Speaker 3>you are secured. And if you are a master of points,

0:31:04.640 --> 0:31:08.880
<v Speaker 3>which I consider myself an emerging master of Points, well

0:31:08.920 --> 0:31:11.680
<v Speaker 3>then you probably have tons and tons and tons of

0:31:11.760 --> 0:31:15.000
<v Speaker 3>ways to fly for free wherever you want to, unless

0:31:15.000 --> 0:31:17.320
<v Speaker 3>you're trying to fight business class, because those can get

0:31:17.360 --> 0:31:20.840
<v Speaker 3>real expensive. Unless you're willing to fly last minute, which

0:31:20.880 --> 0:31:23.560
<v Speaker 3>is what we did last Christmas, and we might do

0:31:23.800 --> 0:31:27.840
<v Speaker 3>this Christmas. I don't care where the flight starts. As

0:31:27.840 --> 0:31:31.400
<v Speaker 3>long as Spain's in there somewhere, we can get on

0:31:31.440 --> 0:31:34.680
<v Speaker 3>a plane last minute for seventy five thousand points business class.

0:31:34.840 --> 0:31:38.760
<v Speaker 3>I'm gonna do it every single time. It's the news

0:31:38.760 --> 0:31:43.080
<v Speaker 3>Blitz with Randy Wang on Talk Radio seven ninety kab C.

0:31:45.160 --> 0:31:48.200
<v Speaker 3>It's the news Blitz with Randy Wang on Talk Radio

0:31:48.400 --> 0:31:53.239
<v Speaker 3>seven ninety KABC. Just a reminder as I wrap up

0:31:53.360 --> 0:31:57.080
<v Speaker 3>our five of broadcasting today, because I did the Accountability

0:31:57.120 --> 0:31:59.320
<v Speaker 3>podcast this morning, that I did three hours of the

0:31:59.400 --> 0:32:02.280
<v Speaker 3>John Phillips that I'm doing this show, I'm doing a

0:32:02.360 --> 0:32:05.920
<v Speaker 3>sixth hour. I'll be a guest on the California Underground

0:32:05.960 --> 0:32:07.880
<v Speaker 3>podcast tonight at eight o'clock.

0:32:08.120 --> 0:32:09.920
<v Speaker 2>Our buddy Phil Melroyelo.

0:32:09.440 --> 0:32:13.440
<v Speaker 3>Does a stream on Tuesdays at eight o'clock at YouTube

0:32:13.440 --> 0:32:17.760
<v Speaker 3>dot com, slash at California Underground and on Instagram at

0:32:17.800 --> 0:32:21.280
<v Speaker 3>California Underground, So I will be hanging out there tonight

0:32:21.320 --> 0:32:24.280
<v Speaker 3>at eight. First time I've been asked to be a

0:32:24.320 --> 0:32:27.560
<v Speaker 3>guest on somebody else's podcast to promote our stuff.

0:32:27.640 --> 0:32:30.560
<v Speaker 2>So that is very very exciting.

0:32:30.960 --> 0:32:33.480
<v Speaker 3>Get to use my little home setup and show it

0:32:33.520 --> 0:32:35.400
<v Speaker 3>to other people that don't know what we're doing, and

0:32:35.800 --> 0:32:41.720
<v Speaker 3>promote the station, promote the show, promote the brand. All right,

0:32:42.040 --> 0:32:45.000
<v Speaker 3>here's the dumbest thing you're going to hear today. The

0:32:45.040 --> 0:32:49.680
<v Speaker 3>state of California is actively working to put goat herders

0:32:49.760 --> 0:32:55.800
<v Speaker 3>out of business. The state of California has put a

0:32:55.880 --> 0:33:01.520
<v Speaker 3>new minimum wage law focused on go goat herders because

0:33:01.600 --> 0:33:05.160
<v Speaker 3>they believe goat herders should be paid the same as

0:33:05.200 --> 0:33:08.760
<v Speaker 3>sheep herders, even though goat herders and sheep herders do

0:33:09.000 --> 0:33:14.360
<v Speaker 3>very different things. Goat herders very specifically are used in

0:33:14.440 --> 0:33:19.280
<v Speaker 3>a very essential task, and that is clearing out brush

0:33:19.840 --> 0:33:22.640
<v Speaker 3>in wildfire prone zones. It is one of the most

0:33:22.680 --> 0:33:26.280
<v Speaker 3>effective things that we can do. The goats eat all

0:33:26.360 --> 0:33:29.480
<v Speaker 3>the brush, they eat all of the fuel, and then

0:33:29.520 --> 0:33:34.200
<v Speaker 3>we don't have these destructive wildfires that get out of control. Notably,

0:33:34.240 --> 0:33:37.520
<v Speaker 3>the Ronald Reagan Library pays goats to clear out all

0:33:37.560 --> 0:33:40.120
<v Speaker 3>the brush around there, so even when there have been

0:33:40.160 --> 0:33:45.160
<v Speaker 3>destructive fires in Siami Valley, well, the Reagan's been protected.

0:33:45.520 --> 0:33:47.640
<v Speaker 3>It is a wonderful thing and it is like such

0:33:47.720 --> 0:33:51.680
<v Speaker 3>old school technology that really works to our benefit. But

0:33:52.360 --> 0:33:55.320
<v Speaker 3>the state of California has decided that while they should

0:33:55.320 --> 0:33:58.240
<v Speaker 3>make as much as people raising sheep for wool shearing,

0:33:59.160 --> 0:34:02.080
<v Speaker 3>and I guess sheep make a lot more than goat herders.

0:34:02.320 --> 0:34:04.880
<v Speaker 3>And if this law went into effect, nobody would be

0:34:04.880 --> 0:34:09.919
<v Speaker 3>able to afford to pay the goat herders to chew

0:34:10.000 --> 0:34:12.640
<v Speaker 3>up the brush. Based on how much they want to

0:34:12.800 --> 0:34:16.480
<v Speaker 3>charge the minimum wage for somebody being a goat herder,

0:34:16.960 --> 0:34:20.719
<v Speaker 3>which means that in order to deal with that, and

0:34:20.760 --> 0:34:23.479
<v Speaker 3>now people are not working, they're gonna have to sell

0:34:23.480 --> 0:34:25.640
<v Speaker 3>their goats and they're probably gonna have to sell them

0:34:25.640 --> 0:34:26.240
<v Speaker 3>to slaughter.

0:34:27.160 --> 0:34:27.640
<v Speaker 2>That's right.

0:34:28.200 --> 0:34:32.239
<v Speaker 3>The California bill to protect goat herders might actually end

0:34:32.320 --> 0:34:35.920
<v Speaker 3>up killing a bunch of goats. You can't make this

0:34:36.160 --> 0:34:41.880
<v Speaker 3>bleep up. Here's a story that won't surprise you. PG

0:34:42.040 --> 0:34:44.640
<v Speaker 3>and E is to get to blame for another fire,

0:34:44.800 --> 0:34:48.000
<v Speaker 3>this time the Mosquito fire. And yes, these fires have

0:34:48.160 --> 0:34:51.080
<v Speaker 3>really silly named this whole concept of naming it after

0:34:51.120 --> 0:34:54.080
<v Speaker 3>the street they started on, including what was it in

0:34:54.480 --> 0:34:59.319
<v Speaker 3>Marietta the other day, the volcano fire. Oh boy, well,

0:34:59.480 --> 0:35:02.399
<v Speaker 3>P is once again to blame for this, although they

0:35:02.400 --> 0:35:05.320
<v Speaker 3>say they're not. They're just settling because it makes everyone's

0:35:05.360 --> 0:35:08.759
<v Speaker 3>lives a lot simpler. But here's the thing that bothers me.

0:35:09.840 --> 0:35:13.319
<v Speaker 3>You hear that Pacific Gas and Electric is paying a

0:35:13.400 --> 0:35:18.480
<v Speaker 3>twenty two million dollar settlement, and you might think, okay, well,

0:35:18.480 --> 0:35:21.160
<v Speaker 3>at least some of the people whose lives burned down,

0:35:21.239 --> 0:35:23.760
<v Speaker 3>whose homes burned down, they're going to get made whole

0:35:24.160 --> 0:35:29.799
<v Speaker 3>by the derelict electric monopoly. That wasn't paying attention to

0:35:30.280 --> 0:35:34.920
<v Speaker 3>their equipment, and you would be wrong because the money's

0:35:34.960 --> 0:35:37.439
<v Speaker 3>going to like the state of California, or it's going

0:35:37.440 --> 0:35:39.640
<v Speaker 3>to a certain nonprofit. Here, none of the money is

0:35:39.680 --> 0:35:44.480
<v Speaker 3>actually going to the victims. And boy, doesn't that sound familiar.

0:35:45.920 --> 0:35:51.000
<v Speaker 3>And finally, another thing that Gavin Newsom is doing. And

0:35:51.280 --> 0:35:54.400
<v Speaker 3>I'm conflicted on this one because I'm a big supporter

0:35:54.560 --> 0:35:56.960
<v Speaker 3>of the product, but I don't think in twenty twenty

0:35:57.000 --> 0:36:02.279
<v Speaker 3>six we necessarily should need to subsidize it. California is

0:36:02.360 --> 0:36:06.200
<v Speaker 3>going to be doing its own electric vehicle incentives this

0:36:06.280 --> 0:36:08.959
<v Speaker 3>after the federal government ended the ones that were going

0:36:08.960 --> 0:36:11.920
<v Speaker 3>on during the Biden administration. It's going to be like

0:36:12.160 --> 0:36:15.719
<v Speaker 3>three thirty seven hundred dollars for a new EV or

0:36:15.760 --> 0:36:19.200
<v Speaker 3>seventeen hundred dollars for a used EV, which there are

0:36:19.239 --> 0:36:22.000
<v Speaker 3>some pretty good deals right now on some used evs,

0:36:22.160 --> 0:36:24.880
<v Speaker 3>but as soon as word gets out then the price.

0:36:24.640 --> 0:36:25.640
<v Speaker 2>Goes way up.

0:36:26.880 --> 0:36:29.920
<v Speaker 3>Here's what I will say. I am the proud owner

0:36:29.960 --> 0:36:32.800
<v Speaker 3>of an electric car. I have had my Chevy Bolt

0:36:32.880 --> 0:36:37.360
<v Speaker 3>for over three years. Actually now it's four years. Yeah,

0:36:37.400 --> 0:36:39.440
<v Speaker 3>and I just hit forty thousand miles, so I hit

0:36:39.480 --> 0:36:42.120
<v Speaker 3>about ten thousand miles a year, so don't charge me

0:36:42.160 --> 0:36:43.040
<v Speaker 3>too much for insurance.

0:36:43.040 --> 0:36:47.400
<v Speaker 2>Triple A. Okay, it's got all the safety features. Please please.

0:36:47.880 --> 0:36:48.399
<v Speaker 2>I'm in that.

0:36:48.400 --> 0:36:50.640
<v Speaker 3>Couple of months where I don't have to pay because

0:36:50.719 --> 0:36:52.920
<v Speaker 3>with Triple A you pay like for nine months for

0:36:53.000 --> 0:36:53.359
<v Speaker 3>the year.

0:36:53.800 --> 0:36:59.040
<v Speaker 2>It's kind of nice, but it's about to be not nice. Anyway.

0:36:59.800 --> 0:37:03.240
<v Speaker 3>I bought my car well, okay, let's be completely honest.

0:37:03.600 --> 0:37:06.360
<v Speaker 3>My wife held me buy my car back in twenty

0:37:06.440 --> 0:37:09.680
<v Speaker 3>twenty two, and at the time I knew what I wanted.

0:37:09.719 --> 0:37:12.120
<v Speaker 2>I wanted the Chevy Bolt. I wanted the one.

0:37:11.920 --> 0:37:14.000
<v Speaker 3>That had the super CRUs so I could deal with

0:37:14.040 --> 0:37:17.840
<v Speaker 3>the four h five, And we bought it knowing that

0:37:17.880 --> 0:37:20.799
<v Speaker 3>it did not qualify for any incentives, didn't qualify any

0:37:20.800 --> 0:37:24.080
<v Speaker 3>state incentives, didn't qualify for any federal incentives, because one

0:37:24.120 --> 0:37:27.600
<v Speaker 3>of the things that these incentive programs were doing is like, well,

0:37:27.600 --> 0:37:29.920
<v Speaker 3>if it's already a popular car, then we're not going

0:37:30.000 --> 0:37:32.279
<v Speaker 3>to give you any money. But if you're going to

0:37:32.320 --> 0:37:35.240
<v Speaker 3>spend money on one of these experimental companies that's definitely

0:37:35.280 --> 0:37:37.520
<v Speaker 3>going to go out of business. Okay, we'll give you

0:37:37.560 --> 0:37:39.480
<v Speaker 3>a tax credit for that, which is a little weird.

0:37:40.000 --> 0:37:43.239
<v Speaker 3>And the Biden tax credits notably cut out. Elon is

0:37:43.280 --> 0:37:46.520
<v Speaker 3>some kind of fu I wonder if that motivated him

0:37:46.520 --> 0:37:48.719
<v Speaker 3>to do the things that he did in twenty twenty four.

0:37:49.160 --> 0:37:52.520
<v Speaker 3>He does seem kind of petty, and that seem kind

0:37:52.520 --> 0:37:55.160
<v Speaker 3>of foolish because that is the most popular electric car.

0:37:55.520 --> 0:37:57.879
<v Speaker 3>But I guess you want to bring some equity to

0:37:57.920 --> 0:38:02.040
<v Speaker 3>the market regardless. I bought my car with no incentive

0:38:02.880 --> 0:38:06.279
<v Speaker 3>and I love it. And as someone that had to

0:38:06.320 --> 0:38:08.520
<v Speaker 3>pump gas for the first time in a long time

0:38:08.640 --> 0:38:10.759
<v Speaker 3>last week because my wife is out of town and

0:38:10.800 --> 0:38:13.160
<v Speaker 3>I had to fill her car up, I really don't

0:38:13.160 --> 0:38:17.000
<v Speaker 3>miss that crap, especially with how expensive gas is. So

0:38:17.280 --> 0:38:20.319
<v Speaker 3>if you have the right situation for an ev like

0:38:20.360 --> 0:38:23.840
<v Speaker 3>you have a place to charge it, and you know,

0:38:23.840 --> 0:38:26.080
<v Speaker 3>if you're in a single family home, it'll cost you

0:38:26.120 --> 0:38:28.279
<v Speaker 3>maybe five hundred one thousand dollars to get a level

0:38:28.280 --> 0:38:30.640
<v Speaker 3>two charger in front of your house, that'll pay for

0:38:30.760 --> 0:38:32.920
<v Speaker 3>itself in just a couple of weeks. With how expensive

0:38:32.960 --> 0:38:39.200
<v Speaker 3>gas prices are. I charge at night because I don't

0:38:39.239 --> 0:38:41.200
<v Speaker 3>and I don't really see any kind of increase in

0:38:41.239 --> 0:38:42.080
<v Speaker 3>my electric bill.

0:38:42.280 --> 0:38:43.440
<v Speaker 2>It's worked out great for me.

0:38:44.520 --> 0:38:47.640
<v Speaker 3>But I think the product at this point should sell itself,

0:38:47.680 --> 0:38:49.600
<v Speaker 3>and I think there's a lot of people probably looking

0:38:49.640 --> 0:38:54.960
<v Speaker 3>at evs just based on the uncertainty with the war

0:38:55.120 --> 0:38:57.080
<v Speaker 3>that was over, but then it's not over and the

0:38:57.120 --> 0:38:58.879
<v Speaker 3>blockades back on, and who knows.

0:38:58.920 --> 0:39:00.680
<v Speaker 2>I can't even pay attention do it anymore.

0:39:02.239 --> 0:39:04.000
<v Speaker 3>But I feel like that at this point, the product

0:39:04.000 --> 0:39:07.560
<v Speaker 3>sells itself, and if the cars are too expensive, well

0:39:07.719 --> 0:39:10.480
<v Speaker 3>then the manufacturer's got to figure out how to compete better,

0:39:11.320 --> 0:39:15.280
<v Speaker 3>because in this country it might seem like the best

0:39:15.280 --> 0:39:17.359
<v Speaker 3>you can do for an EV is like thirty five

0:39:17.440 --> 0:39:22.080
<v Speaker 3>thousand dollars. China's killing us right now. In the markets

0:39:22.120 --> 0:39:25.000
<v Speaker 3>where you can buy the byds, you can get the

0:39:25.040 --> 0:39:29.440
<v Speaker 3>byds for ten twenty thousand dollars, and apparently they're performing

0:39:29.520 --> 0:39:32.840
<v Speaker 3>better than the Tesla's at this point. So unless we

0:39:32.960 --> 0:39:35.440
<v Speaker 3>start really drilling down on how to make these more

0:39:35.480 --> 0:39:39.960
<v Speaker 3>affordable at the manufacturer's side without subsidizing them, we're going

0:39:40.040 --> 0:39:42.600
<v Speaker 3>to run into all kinds of problems. That being said,

0:39:42.760 --> 0:39:45.160
<v Speaker 3>I'm a big fan of the product. I love my

0:39:45.239 --> 0:39:48.800
<v Speaker 3>electric car, but it has limits. It's great for commuting,

0:39:49.400 --> 0:39:51.680
<v Speaker 3>it is insane to road trip with, and I do

0:39:51.760 --> 0:39:54.600
<v Speaker 3>not recommend it even if you have a Tesla. We're

0:39:54.600 --> 0:39:57.200
<v Speaker 3>not there yet. When charging can be as fast as

0:39:57.200 --> 0:39:58.840
<v Speaker 3>filling up a tank, then we'll talk.

0:39:59.160 --> 0:40:00.319
<v Speaker 2>But I'll tell you right now now.

0:40:00.360 --> 0:40:02.799
<v Speaker 3>If you drive to a place like Wine Country where

0:40:02.800 --> 0:40:05.360
<v Speaker 3>there's no cell reception and you're trying to download the

0:40:05.400 --> 0:40:08.520
<v Speaker 3>apps to use all these chargers, you're gonna rip.

0:40:08.360 --> 0:40:09.000
<v Speaker 2>Your hair out.

0:40:09.600 --> 0:40:12.640
<v Speaker 3>Hey, catch me on the California Underground podcast Tonight to ey,

0:40:12.800 --> 0:40:15.760
<v Speaker 3>It's the News Blitz with Randy Wang on KABC