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Speaker 1: I Am six forty. You're listening to the John and

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Speaker 1: Ken Show on demand on the iHeartRadio app.

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Speaker 2: McIntyre in for John and Ken.

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Speaker 3: This is kf I Am six forty live everywhere and

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Speaker 3: on the iHeartRadio app. At twenty minutes after the hour,

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Speaker 3: will give a chance to win some dough. Later on,

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Speaker 3: we're going to talk with Joel Larsgard, who's heard every

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Speaker 3: Sunday from noon to two about paying for your kids college?

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Speaker 3: And are the actors going to join the writers on

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Speaker 3: strike and really shut down Hollywood. So we got all

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Speaker 3: kinds of things to talk about, including a story up

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Speaker 3: and really chompinged the bit to tell you about because

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Speaker 3: it's so rare. We get to tell you good news,

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Speaker 3: I mean, really genuinely good news out of Caltech. There

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Speaker 3: has been a breakthrough that for some reason has not

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Speaker 3: gotten the press. I think it really deserves. It's an

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Speaker 3: epical event right here from southern California.

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Speaker 2: We'll get into that in just a bit, Bob.

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Speaker 3: The Supreme Court issued some huge rulings again today. You know,

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Speaker 3: this is the time of year when they make their

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Speaker 3: rulings before they adjourn for the summer. And uh, they

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Speaker 3: just said no to Joe Joe Biden's plan to offer

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Speaker 3: tuition relief, debt relief to college students, and also a

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Speaker 3: big ruling i gay rights.

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Speaker 2: So we turn once again to the best of the business.

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Speaker 3: We just cracked the glass invent of a legal emergency,

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Speaker 3: and here comes Royal Oaks.

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Speaker 1: He thank you very much, Doug. One second, just Alexa,

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Speaker 1: please order ten copies of the hot new novel Frank's Shadow.

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Speaker 3: Oh you're so good. Once again, once again, the key

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Speaker 3: to media is to kiss up to the host.

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Speaker 2: Very well done, very well done, exactly nobody. You don't

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Speaker 2: have a problem being asked back listen.

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Speaker 3: Thanks for being once We do appreciate, especially as we

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Speaker 3: kick off the big Fourth of July holiday.

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Speaker 2: But these are big decisions.

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Speaker 3: The uh the Supreme Court throws them over the transom

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Speaker 3: and then heads to vacation spots. Somebody else pay apparently,

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Speaker 3: but it's another six to three decision talk to us about.

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Speaker 3: Let's start with the decision on college tuition. This was

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Speaker 3: Joe Biden's big He dangled this out before the midterm elections.

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Speaker 3: The Republicans cried foul, saying this is just politics. Ended

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Speaker 3: up in court and it looks like the Conservative justices

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Speaker 3: backed up the position that the president was out of line.

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Speaker 1: Yeah, they did. So this is the background. After nine

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Speaker 1: to eleven, Congress passed a law called the Heroes Act

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Speaker 1: in two thousand and three, and it gave the Education

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Speaker 1: Secretary really broad power to modify or waive the provisions

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Speaker 1: of student loan programs in times of emergency. Nine to

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Speaker 1: eleven it was an emergency. So President Biden a year

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Speaker 1: or so ago, said, hey, you know what, COVID was

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Speaker 1: an emergency. I hereby on my own forgive four hundred

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Speaker 1: and thirty billion dollars in student loans owed by about

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Speaker 1: forty three million borrowers, about twenty thousand per student in

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Speaker 1: many cases. And so you know, a happy day for you. Well,

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Speaker 1: the suit was filed. Several Republican controlled states filed and

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Speaker 1: said this is crazy to way too much money, and

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Speaker 1: what about the people who paid their way through college

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Speaker 1: or repaid their loans. And sure enough the republic the

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Speaker 1: Supreme Court, as you say, by six to three votes,

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Speaker 1: said you know what, the law says that we can

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Speaker 1: modify or waive the clauses in the student loan law,

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Speaker 1: but you can't just totally forgive it. That was the

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Speaker 1: argument that won the day before the Supreme Court.

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Speaker 2: Now Royle, this brings up.

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Speaker 3: Is this a narrow ruling or is this a ruling

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Speaker 3: that could set a precedent across the spectrum because a

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Speaker 3: lot of us observing the way politics works today, our government,

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Speaker 3: to the extent it does work, this ain't the government

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Speaker 3: that we thought we were going to get. We have

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Speaker 3: yielded and ceded extraordinary powers to the executive branch and

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Speaker 3: met who the president is and to the bureaucracies that

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Speaker 3: fall under the executive branch's orbit, and a lot For instance,

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Speaker 3: I'm going to use an example when when President Obama

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Speaker 3: instituted the DACA program and he said, if Congress won't act,

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Speaker 3: I will, and with the wave of a pen, with

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Speaker 3: an executive order, he created this new law that allowed

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Speaker 3: people to be in the country illegally and to work

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Speaker 3: without fear of prosecution. Now you may support that, but

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Speaker 3: the point is is that that's a legislative. When Congress

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Speaker 3: chooses not to act, that is an action. They didn't

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Speaker 3: have the votes to pass it, that is an action.

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Speaker 3: And we've seen this repeated over and over and over

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Speaker 3: again with these these agencies get empowered and they keep

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Speaker 3: to expand their reach, expand their reach, expand their reach

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Speaker 3: until there's really no check and balance on it.

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Speaker 1: Yeah, you're right. There's a great analogy to the Obama

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Speaker 1: situation regarding immigration, because you recall Republicans pointed out that

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Speaker 1: early on in his term, President Obama said, Hey, I

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Speaker 1: can't on my own make an executive order changing the

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Speaker 1: immigration all that's versus purview, but we're going to work

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Speaker 1: with them. Well a year or so later, it didn't

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Speaker 1: work out, and so Obama made the famous comment about

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Speaker 1: I've got a pen and I've got a cell phone,

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Speaker 1: and I am going to accomplish this by executive order.

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Speaker 1: So the Republicans are, of course who cried bloody murder.

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Speaker 1: But this is similar in the case that yeah, people

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Speaker 1: are saying Joe Biden, the head of the executive branch,

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Speaker 1: shouldn't be able to do what the Congress did, and

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Speaker 1: so there is that macro fight in the administrative state

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Speaker 1: and the deep state in the swamp. People have strong opinions.

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Speaker 1: The reason this may not be a really broad ruling, though, Doug,

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Speaker 1: is because it was really narrowly focused on the language

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Speaker 1: of the Heroes Act. You may modify or waive the

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Speaker 1: loan provisions of the law. That's the way the Act

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Speaker 1: was worded. And so you know, reasonable minds can differ.

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Speaker 1: Some people would say, well, modify or wave that could

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Speaker 1: include wipe out every debt. But the more conventional wisdom is, oh, no,

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Speaker 1: you can't just wipe it out. That would be usurping

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Speaker 1: the congressional power. And that's the argument the Supreme Court bought.

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Speaker 3: We are talking with legal annis Royal Oaks, and you

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Speaker 3: can follow them at Royal Oaks. Of course, let's pivot

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Speaker 3: to the other story, because the other case is based

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Speaker 3: on a Colorado anti discrimination law that says what happened

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Speaker 3: was this gay couple was going to get married. They

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Speaker 3: wanted to have a website built I guess by a

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Speaker 3: fundamentalist Christian a website designer who said.

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Speaker 2: Refuse to do it.

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Speaker 3: And of course there were lawsuits filed, kind of like

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Speaker 3: the gay wedding cake story from a few years ago,

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Speaker 3: and the courts ruled that they have the right to

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Speaker 3: refuse to serve this gay couple.

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Speaker 1: Yeah, exactly right, Jogi Berra deja vu all over again.

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Speaker 1: And people must think that's kind of weird, you know.

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Speaker 1: Same sex wedding vendors from Colorado lined up in front

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Speaker 1: of the US Supreme Court. Most litigants and lawyers struggle

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Speaker 1: their entire lives and they never get there. But we

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Speaker 1: got two of them. So this was different though Doug

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Speaker 1: before it was kind of a religious freedom issue and

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Speaker 1: it was a commission for some rights in Colorado that

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Speaker 1: went off the rails. This was a speech issue, and

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Speaker 1: not everybody agrees with it. But Justice Gorsich wrote the

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Speaker 1: majority opinion, and he said Colorado seeks to force an

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Speaker 1: individual to speak in a ways that aligns with its views,

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Speaker 1: the state's views, but defy her conscience about a matter

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Speaker 1: of major significance. So a lot of people say, really, speech,

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Speaker 1: She's a website designer, what's the big deal. The law says,

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Speaker 1: if you are open to the public, you can't say, well,

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Speaker 1: my religion says I don't serve black people. That wouldn't fly.

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Speaker 1: But the Court is repeatedly now saying if it's something

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Speaker 1: having to do with sexual preference, same sex marriage, you

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Speaker 1: don't have to make the cake and you don't have

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Speaker 1: to make the website. And that's the way this Supreme

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Speaker 1: Court sees it.

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Speaker 3: You know, it's weird to me because when you hire

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Speaker 3: a web designer. The web designer may be involved in

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Speaker 3: the artistic look of and the utility of the website,

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Speaker 3: but the content is based on what the client wants.

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Speaker 2: So whose speech is it?

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Speaker 1: I think that the court is saying that the website

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Speaker 1: designer is more like an artist. This isn't a person

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Speaker 1: making a burger and a cup of coffee. If you said, well,

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Speaker 1: you know, that's my expression, my artistic I'm like the

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Speaker 1: guy on the show The Bear, you know, I really

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Speaker 1: put it up, just the court would laugh you out

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Speaker 1: of court. But this does have enough elements of artistic

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Speaker 1: talent and creativity that that caused the Supreme Court to say,

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Speaker 1: you know, this is like forcing her to speech. That's

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Speaker 1: a First Amendment violation.

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Speaker 3: Does the concept we've all seen the sign no shirt,

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Speaker 3: no shoes, no service, and we've seen other ones that

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Speaker 3: are broader that say we reserve the writer, refuse service

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Speaker 3: to anyone. Does that hold up in the modern era?

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Speaker 1: Not at all. If the real reason you're saying no

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Speaker 1: to somebody is a forbidden riche, the reason you're discriminating

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Speaker 1: based on their religion, you hate Muslims or you hate

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Speaker 1: other people that just you have different views from you

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Speaker 1: or if it's based on race, then you are definitely

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Speaker 1: going to lose. But if there's an element of creativity

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Speaker 1: or artistic talent, that's a different story.

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Speaker 3: You know, it's so complicated being in business today. Certainly

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Speaker 3: bud Light found that out. You know, everybody's trying to

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Speaker 3: triangulate how to appeal to a broader base by offering

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Speaker 3: advertisements or promotions or endorsements by non traditional endorsers, if

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Speaker 3: you will. And then I saw the story in the

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Speaker 3: La Times that a Walgreens store in Oakland, a thirty

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Speaker 3: year old transgender man said he was denied medical treaty.

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Speaker 3: He couldn't get his medicine because the pharmacist refused to

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Speaker 3: serve him for religious reasons. And now Walgreens is trying

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Speaker 3: to say, we're looking into the matter. This is a

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Speaker 3: rare situation when a team member has a religious or

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Speaker 3: moral conviction that prevents them from meeting a patient's need.

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Speaker 3: Will require the team member to refer the patient to

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Speaker 3: another employee.

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Speaker 2: So you know, it's.

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Speaker 3: All of it. I mean, you're just trying to sell

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Speaker 3: cotton balls, all right, You're Walgreens. You're trying to sell,

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Speaker 3: you know, a bottle of beasting medicine or something, and

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Speaker 3: some Reese's peanut butter cups up by the cash register.

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Speaker 3: But now you've got a triangular, this Rubik's cube, this

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Speaker 3: maze of different social issues that now present themselves in

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Speaker 3: all walks of life in America.

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Speaker 1: It does get complicated, but I think judges always come

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Speaker 1: back to the idea that unless you have a really

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Speaker 1: good reason for not helping somebody, then you're going to

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Speaker 1: be in trouble legally. But again, if it's creativity that's involved,

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Speaker 1: which has nothing to do with selling somebody something at

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Speaker 1: a pharmacy, you're going to win, probably, but the pharmacist

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Speaker 1: is going to lose.

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Speaker 3: All Right, Royle, have a great Fourth of July. Thanks

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Speaker 3: so much. Always great talking to you. You bet Okay,

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Speaker 3: Ladies and gentlemen, when we come back, I want to

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Speaker 3: tell you about a real Eureka moment.

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Speaker 2: I mean a moment that may be as big a moment.

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Speaker 3: As Edison's light bulb, but I'm not kidding or the

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Speaker 3: Wright Brothers flying a Kittyhawk. This is a huge technological break.

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Speaker 3: We've got very little press. Took place right here in Pasadena, Caltech.

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Speaker 3: We'll get into that just a bit.

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Speaker 4: You're listening to John and Ken on demand from KFI

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Speaker 4: AM six forty.

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Speaker 3: I saw this story, you know, I read a column

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Speaker 3: for the Southern California news group. I've been doing it

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Speaker 3: for a long long time, which is the LA Daily News,

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Speaker 3: the Orange County Register, of the Long Beach Press, Telegram,

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Speaker 3: the Riverside, you know, Pasadena Sun, all the papers.

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Speaker 2: And this story was on page.

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Speaker 3: One of the La Daily News on June seventh, so,

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Speaker 3: you know, almost a month ago, and it got no play.

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Speaker 3: And I don't understand because I'm reading this aging. This

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Speaker 3: is an incredible story. You know, there's so much hyperbole.

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Speaker 3: Everything's the best, everything's the greatest, everything's the worst, everything's awful.

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Speaker 3: It's either you know, apocalyptic or you know, earth changing,

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Speaker 3: and most of the time it turns out not to be.

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Speaker 3: But the folks at cal Tech are not known for

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Speaker 3: flinging bs. They're pretty much by the rule book. And

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Speaker 3: that's why when I started to read the quotes about

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Speaker 3: this technological breakthrough out of cal Tech, my eyebrows shot

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Speaker 3: north because they're not the hyperbole people. Caltech team demonstrated

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Speaker 3: for the first time its ability to wirelessly transmit power

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Speaker 3: in space and beam a detectable amount back to Earth.

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Speaker 3: This is the Space Solar Power Project Ali Hajamari, he's

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Speaker 3: a professor of electrical and medical engineering at Caltech and

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Speaker 3: he's the co director of the Space Solar Power Project team.

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Speaker 3: And what they did was they put solar panels in

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Speaker 3: space and then they were through some kind of wizardry,

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Speaker 3: they were able to send it back to the rooftop

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Speaker 3: of a lab in Pasadena. No energy transmission infrastructure will

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Speaker 3: be needed on the ground to receive this power. That

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Speaker 3: means we can send energy to remote regions and areas

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Speaker 3: devastated by war or natural disaster. It opens the door

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Speaker 3: to harnessing power from the Sun and sending it directly

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Speaker 3: to the Earth. Solar sells some particular suffer because of

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Speaker 3: the atmosphere, weather, and nighttime. Under development for decades, space

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Speaker 3: solar power, the process of harnessing solar power in space

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Speaker 3: and beaming energy back to Earth using solar powered satellites,

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Speaker 3: was not just the stuff of sci fi. Ten years ago,

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Speaker 3: Caltech formed a Space Solar Power Project, which culminated in

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Speaker 3: a January third launch milestone. The project has been fully

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Speaker 3: funded from private sources, so no public money. This was

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Speaker 3: all privately done. It was developed at a private institution,

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Speaker 3: and the experiments were launched by Momentus, a private aerospace

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Speaker 3: company mounted aborder Momentus platform. It goes on to say

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Speaker 3: in this piece that providing the world will this technology,

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Speaker 3: when it's fully developed, will provide the world with abundant, reliable,

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Speaker 3: and affordable power for the benefit of all mankind. The

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Speaker 3: acronym is called maple MAPLA, and it's short for Microwave

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Speaker 3: array for power transfer for low or bit experiments.

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Speaker 2: Now I got to qualify this.

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Speaker 3: I got a BA in English from Stonehill College in

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Speaker 3: nineteen seventy nine. Oh damn, they asked me not to

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Speaker 3: tell that anyway. The point is I'm totally and utterly

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Speaker 3: and profoundly unqualified to digest and to explain to you

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Speaker 3: the actual science behind this.

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Speaker 2: But here's what I know.

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Speaker 3: I drive around In fact, this morning, driving here, I

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Speaker 3: passed four construction crews working on power lines with cherry pickers,

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Speaker 3: with this tangle of wires that go everywhere, and then

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Speaker 3: when we get winds or storms, they fall down and

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Speaker 3: they burn down half the state of California. They're ugly,

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Speaker 3: they're blight, they're expensive, and they cause fires and mylar

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Speaker 3: balloons get caught in them and explode and knock out

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Speaker 3: the power for twenty hours. Okay, this has the potential

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Speaker 3: to replace all of that, to literally have the ultimate

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Speaker 3: Wi Fi. It's basically broadcast energy where you can have

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Speaker 3: a dish on the roof of your house and receive

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Speaker 3: ELECTRICI City from the Sun and power everything with no

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Speaker 3: wires anymore, none of the costs, none of the infrastructure

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Speaker 3: of that, the ability to send a concentrated beam of

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Speaker 3: energy to receivers at will, and the possibility of beaming

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Speaker 3: power to a specific location on Earth. Collecting solar energy

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Speaker 3: in space, by the way, they want to do this

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Speaker 3: because it converts it into energy into electromagnetic waves and

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Speaker 3: beams them to Earth. And it's eight to nine times

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Speaker 3: more power than solar cells on Earth because it doesn't

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Speaker 3: have to deal with inefficiencies like the atmosphere, the seasons,

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Speaker 3: and the day night cycle. Obviously, the Sun is always

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Speaker 3: up in outer space. A second experiment consisted of directing

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Speaker 3: the energy beam from Maple to a receiver on the

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Speaker 3: roof of the More Laboratory at Caltech's Pasadena campus. They

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Speaker 3: had successfully received energy on Earth from the orbiting experiment.

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Speaker 3: Now here's a quote of note. Thomas f Rosenbaum is

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Speaker 3: the president of Caltech. He does not shoot off at

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Speaker 3: the mouth. He is not a person prone to hyperbole,

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Speaker 3: unlike myself. Caltech President Thomas f Rosenbaum said, the milestone

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Speaker 3: foreshadows quote a remarkable payoff for humanity a world powered

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Speaker 3: by uninterruptible renewable energy. I have no idea how this

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Speaker 3: story flew under the radar, because it would seem to

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Speaker 3: me that this is kind of like raal Right skimming

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Speaker 3: across the sands of Kittyhawk in December seventeen, nineteen oh three.

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Speaker 3: By the way, that got buried too. It took him

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Speaker 3: a long time to get that story right. Or Edison

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Speaker 3: yelling Eureka in Low Park, New Jersey. This is a

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Speaker 3: huge story. It's Southern California pride, and for once, we

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Speaker 3: have good news for you. All right, when we come back,

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Speaker 3: we're going to walk you through how to pay for

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Speaker 3: college because you're not going to get loan forgivement now

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Speaker 3: that the Supreme Court said no to Joe and his

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Speaker 3: loan forgiveness program.

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Speaker 4: You're listening to John and Ken on demand from KFI

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Speaker 4: AM six forty.

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Speaker 3: I'm Doug McIntyre in for John and Ken Conway at

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Speaker 3: four o'clock, and we got a lot more to get into,

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Speaker 3: including this hour. We're going to talk about whether or

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Speaker 3: not it's sagging after the actors are going to join

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Speaker 3: the writers in striking here in Hollywood, which could be

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Speaker 3: a real blow to the town, but maybe it's necessary.

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Speaker 2: We'll get into all of that in just a bit.

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Speaker 3: I want to invite you on July sixteenth, which is

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Speaker 3: a Tuesday night, I'm going to be at the Barnes

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Speaker 3: and Noble at the Grove Farmers Market, and we encourage

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Speaker 3: you to come on out and say hello.

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Speaker 2: I have a book coming out, very proud of it.

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Speaker 3: It's called Frank's Shadow, and we're going to be doing

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Speaker 3: a reading and a signing at the Barnes and Noble

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Speaker 3: at the Grove, right in the middle of town. Lots

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Speaker 3: of parking, so come on out from seven to nine

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Speaker 3: pm on Tuesday night. If you can't make that, I'll

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Speaker 3: be a Gatspi's in Long Beach on the twenty second.

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Speaker 3: That's at noon Pages a bookstore in Manhattan Beach. On

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Speaker 3: July twenty sixth, another Barnes and Noble down at the

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Speaker 3: Irvine Spectrum in the OC on August second, and then

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Speaker 3: Roman's in Pasadena on August ninth. We've got all this

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Speaker 3: up at the KFI websites. You can go there, or

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Speaker 3: you can go to my website, by the way, Doug

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Speaker 3: McIntyre dot com, and it's mci nt yre, not like

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Speaker 3: Reba McIntyre. I don't know how she got to spell

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Speaker 3: it that way with an E. All right, ladies and gentlemen.

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Speaker 3: So the Supreme Court eighty six to President Biden's loan

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Speaker 3: forgiveness plan, and that means that if you're accounting on

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Speaker 3: that to pay off those college loans, you can kiss

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Speaker 3: that goodbye. So a gentleman who is with us, in fact,

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Speaker 3: he's heard every Sunday on KFI. He's the host of

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Speaker 3: How to Money every Sunday from noon to two. He's

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Speaker 3: going to walk us through what we do. Now, it's

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Speaker 3: a pleasure to welcome the show. Joel Lars Guard, Joel,

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Speaker 3: how are you. I'm good, Doug, thanks for having me.

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Speaker 2: I appreciate it.

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Speaker 3: Okay. So obviously, look, the Biden plan was controversial to

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Speaker 3: begin with, and it was immediately challenged in Court's Supreme

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Speaker 3: God all the way to the Supreme Court. They shot

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Speaker 3: it down. So that's off the table, and he's proposing

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Speaker 3: led late of fixes, et cetera, et cetera. But in

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Speaker 3: the meantime, September's coming. People are gonna be going back

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Speaker 3: to the university of expensive and various campuses around the country.

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Speaker 3: And what do you do.

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Speaker 5: Yeah, I mean, this is really a bummer for a

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Speaker 5: whole lot of people. I totally get that. And especially

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Speaker 5: if you were banking on this, hoping on this, well,

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Speaker 5: you might not have been reading the writing that was

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Speaker 5: on the wall, which was that this was highly unlikely

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Speaker 5: to happen. The Supreme Court was unlikely, and obviously they

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Speaker 5: didn't uphold Biden's forgiveness plan. And so yeah, the truth

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Speaker 5: is that interest starts building up again. It's September. Payments

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Speaker 5: resume in October, and for a lot of people, when

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Speaker 5: payments have been out of sight, out of mind for

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Speaker 5: three and a half years, they're probably, yeah, they're freaking out,

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Speaker 5: and they're not ready for this to happen. And so

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Speaker 5: I really want people to start buckling down now, incorporating

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Speaker 5: that student loan payment for people, For a lot of people,

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Speaker 5: it's to average like four hundred dollars is what their

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Speaker 5: student loan payment is. You've got to start to find

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Speaker 5: room in wiggle room and your budget now for it,

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Speaker 5: setting out aside and saving so you can actually be

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Speaker 5: prepared come October first when the payment hits.

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Speaker 3: Joe, let me ask you about I went to school

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Speaker 3: a million years ago. I took a terodactyl to campus,

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Speaker 3: you know, a minut's And of course at the time,

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Speaker 3: I thought it was a stunning amount of money. And

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Speaker 3: my college loans we used to have those three percent

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Speaker 3: federal guaranteed.

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Speaker 2: Loans that are long gone.

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Speaker 3: And I think my loan payments were eighty one dollars

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Speaker 3: and sixty five cents a month for ten years, which

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Speaker 3: seems like you know, the coins in the sofa cushion now.

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Speaker 3: But college is very expensive, and you know, for everybody

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Speaker 3: talking about the price of gas or the price of eggs,

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Speaker 3: big college. I don't know how they've gotten away with this,

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Speaker 3: because it is not uncommon for a private university to

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Speaker 3: be north of fifty thousand dollars, in some cases way

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Speaker 3: north of fifty thousand dollars. And how did it get

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Speaker 3: to this point where colleges and universities have become like

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Speaker 3: buying a franchise. Essentially, you might as well go buy

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Speaker 3: a Wendy's franchise for less money than it cost to

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Speaker 3: get to get a four year degree.

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Speaker 5: Yeah, that's a good question. I mean, I will say

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Speaker 5: that was one of my issues with the blanket debt

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Speaker 5: forgiveness is it incentivizes these schools to continue to crank

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Speaker 5: up costs and the government's going to you know, pay

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Speaker 5: for through these student loans and indebtedness of these students.

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Speaker 5: Like it just doesn't incentivize them to do the right thing,

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Speaker 5: which is to lower costs and to cut back and

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Speaker 5: make education more accessible. I will say this, Yeah, when

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Speaker 5: you look at kind of where inflation has gone over

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Speaker 5: the past twenty years, healthcare and education are two of

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Speaker 5: the things that have crushed us. But when you look

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Speaker 5: at actually the actual cost that people are paying for school,

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Speaker 5: it's starting to go down a little bit because the

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Speaker 5: sticker price isn't going down, but the amount of fed

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Speaker 5: of aid that students are able to get is increasing,

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Speaker 5: and so we are starting to see people start to

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Speaker 5: pay a little bit less. Yeah, it's certainly not like

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Speaker 5: it used to be in your day, Doug, or even

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Speaker 5: my day going to school. But it is starting to

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Speaker 5: come back down. And sadly, I mean, there's so many

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Speaker 5: decays when you're trying to go to school and pick

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Speaker 5: where to go, and when you're seventeen eighteen years old,

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Speaker 5: it's really hard to make a wise decision when we're

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Speaker 5: talking about these giant sums of money and where you're

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Speaker 5: going to go and what you're going to major in.

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Speaker 5: And so I think we're kind of kind of setting

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Speaker 5: some of these kids up for failure to strapping them

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Speaker 5: with these student loans that they're going to be paying

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Speaker 5: for multiple decades.

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Speaker 3: We're talking about Lars Joel Larsguard, who could be heard

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Speaker 3: every Sunday from noon to two here on KFI, host

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Speaker 3: of How to Money and Listen. A lot of younger

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Speaker 3: people are actually now starting to punt on college. They're

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Speaker 3: either opting for the wise financial choice of doing a

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Speaker 3: two year community college and then transferring in, or they're

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Speaker 3: skipping it all together. And you know, this became a

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Speaker 3: college degree became a middle class fetish to the point

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Speaker 3: where a lot of families put so much pressure on

433
00:22:53,720 --> 00:22:56,320
Speaker 3: their kids and the kids feel it from six ways

434
00:22:56,320 --> 00:22:59,159
Speaker 3: from Sunday that their life is over. They're ruined. For

435
00:22:59,280 --> 00:23:01,880
Speaker 3: life if they don't get that college degree. And look,

436
00:23:02,359 --> 00:23:04,439
Speaker 3: I'm a big believer in a higher education and I

437
00:23:04,440 --> 00:23:07,159
Speaker 3: think it's it's one of the you know, benchmarks of

438
00:23:07,200 --> 00:23:12,840
Speaker 3: Western CIV. That we've enabled people to to pursue higher

439
00:23:12,920 --> 00:23:16,760
Speaker 3: education on these beautiful campuses. But we also need people

440
00:23:17,000 --> 00:23:20,240
Speaker 3: who know how to do things. You know, we need mechanics,

441
00:23:20,280 --> 00:23:24,679
Speaker 3: we need and you know, we need carpenters, we need people.

442
00:23:24,840 --> 00:23:27,680
Speaker 3: We need somebody you know at Sears who knows how

443
00:23:27,720 --> 00:23:31,080
Speaker 3: to you know, fix something right as hardly anybody at

444
00:23:31,080 --> 00:23:33,960
Speaker 3: Sears left now. But the point is is that you know,

445
00:23:34,000 --> 00:23:36,840
Speaker 3: there's a lot of real life skills. We need truck drivers,

446
00:23:36,880 --> 00:23:39,679
Speaker 3: we need pilots, we need all kinds of people to

447
00:23:39,720 --> 00:23:42,600
Speaker 3: do all kinds of things. And you don't necessarily need

448
00:23:42,640 --> 00:23:44,959
Speaker 3: a college degree to have a happy life.

449
00:23:45,560 --> 00:23:47,840
Speaker 5: Yeah, I mean I think I think of college kind

450
00:23:47,840 --> 00:23:49,800
Speaker 5: of like how like buying a house. I've got no

451
00:23:49,800 --> 00:23:52,680
Speaker 5: problem with people buying a house, but realize that it

452
00:23:52,800 --> 00:23:54,639
Speaker 5: might not be something that we have this cult of

453
00:23:54,680 --> 00:23:57,440
Speaker 5: pume ownership and people think buying a house is the

454
00:23:57,440 --> 00:23:59,560
Speaker 5: greatest financial move I could make, And that's just not

455
00:23:59,640 --> 00:24:01,080
Speaker 5: the case when you look at the numbers and the

456
00:24:01,200 --> 00:24:02,960
Speaker 5: home ownership is fine, and yeah, it can help you

457
00:24:02,960 --> 00:24:05,440
Speaker 5: build wealth, but it shouldn't be the number one way

458
00:24:05,480 --> 00:24:06,720
Speaker 5: that you do it. And the same thing is true

459
00:24:06,720 --> 00:24:09,520
Speaker 5: of college. We've got this cult of college in this country.

460
00:24:09,720 --> 00:24:12,080
Speaker 5: And there's nothing wrong with going to college. I went

461
00:24:12,119 --> 00:24:13,800
Speaker 5: to college. I'm glad I did, and I think it

462
00:24:14,240 --> 00:24:16,080
Speaker 5: makes sense for a whole lot of people, but it

463
00:24:16,080 --> 00:24:18,960
Speaker 5: doesn't make sense for everyone. And there are recent stats

464
00:24:19,000 --> 00:24:22,200
Speaker 5: on what electricians are getting paid right when they kind

465
00:24:22,240 --> 00:24:24,960
Speaker 5: of come out of come out of school. For that

466
00:24:25,160 --> 00:24:28,480
Speaker 5: they basically have so much less debt. They're starting off

467
00:24:28,480 --> 00:24:31,240
Speaker 5: making close to seventy thousand dollars a year. These blue

468
00:24:31,240 --> 00:24:33,159
Speaker 5: collar jobs are in high demand, and so if you

469
00:24:33,280 --> 00:24:37,000
Speaker 5: like working with your hands, don't college probably isn't for you.

470
00:24:37,040 --> 00:24:39,119
Speaker 5: It probably doesn't make the most sense. And going in

471
00:24:39,119 --> 00:24:40,720
Speaker 5: one of those directions where you don't rack up a

472
00:24:40,760 --> 00:24:42,840
Speaker 5: student loan debt and where you can be a lot

473
00:24:42,840 --> 00:24:45,199
Speaker 5: more entrepreneurial too. You can build your own business, you

474
00:24:45,240 --> 00:24:48,080
Speaker 5: can create something, and you can, yeah, work with your hands,

475
00:24:48,160 --> 00:24:49,960
Speaker 5: do the blue collar thing. I think that makes sense

476
00:24:50,000 --> 00:24:51,280
Speaker 5: for a whole lot of people too, but we just

477
00:24:51,320 --> 00:24:53,879
Speaker 5: don't push that in this country. Sadly, even though it

478
00:24:53,920 --> 00:24:54,280
Speaker 5: makes sense.

479
00:24:54,320 --> 00:24:57,840
Speaker 3: For a while, there has become a real cultural snobbery

480
00:24:57,880 --> 00:25:00,000
Speaker 3: about this, and you run into it all the time.

481
00:25:00,320 --> 00:25:04,639
Speaker 3: And it's tragic because you know, with rare exception, the

482
00:25:04,640 --> 00:25:07,280
Speaker 3: people who created the country didn't go to college, right,

483
00:25:07,760 --> 00:25:12,879
Speaker 3: you know, so amazing. You know, it's like technology. The

484
00:25:12,920 --> 00:25:17,160
Speaker 3: people who invented the computer did not have a computer, right,

485
00:25:17,200 --> 00:25:19,800
Speaker 3: the people you know, if you look at the early

486
00:25:19,880 --> 00:25:22,320
Speaker 3: pioneers of technology, they didn't have any of the technology.

487
00:25:22,400 --> 00:25:24,560
Speaker 3: Had to build the technology that we take for granted,

488
00:25:24,560 --> 00:25:26,439
Speaker 3: but they didn't have it while they were building it.

489
00:25:26,880 --> 00:25:31,520
Speaker 3: So so you know, these these are plus these are

490
00:25:31,680 --> 00:25:35,320
Speaker 3: advantages in life that are fabulous. But if you're bankrupting yourself,

491
00:25:35,320 --> 00:25:37,600
Speaker 3: and then you get into the issue of if you

492
00:25:37,800 --> 00:25:40,679
Speaker 3: sign up knowing that this is going to cost two

493
00:25:40,760 --> 00:25:44,080
Speaker 3: hundred thousand dollars, you can't be surprised when you get

494
00:25:44,080 --> 00:25:46,320
Speaker 3: a bill for two hundred thousand dollars at the end

495
00:25:46,400 --> 00:25:49,920
Speaker 3: of it. Right, Yeah, No, I think you're right.

496
00:25:49,960 --> 00:25:53,480
Speaker 5: I will say, though we are kind of steering people

497
00:25:53,480 --> 00:25:56,520
Speaker 5: in this direction and brainwashing them a little bit. The

498
00:25:56,560 --> 00:25:59,760
Speaker 5: college is the only path forward. And then worse a

499
00:26:00,240 --> 00:26:02,879
Speaker 5: is that student loan debt becomes an issue, right, and

500
00:26:03,520 --> 00:26:06,040
Speaker 5: so we do need to do a better job as

501
00:26:06,119 --> 00:26:09,320
Speaker 5: a culture, as a society at kind of directing people,

502
00:26:09,600 --> 00:26:13,320
Speaker 5: like bring back shop class right in high schools for

503
00:26:13,480 --> 00:26:15,480
Speaker 5: the kids that are so inclined. We've eliminated a lot

504
00:26:15,520 --> 00:26:18,480
Speaker 5: of that. And because of that, there's not a chance

505
00:26:18,480 --> 00:26:20,520
Speaker 5: for some of these kids who would be better served

506
00:26:20,520 --> 00:26:23,040
Speaker 5: doing an apprenticeship going in the blue collar direction. They

507
00:26:23,080 --> 00:26:25,719
Speaker 5: just don't have the opportunity, and they're told that college

508
00:26:25,760 --> 00:26:28,399
Speaker 5: prep is the way to go. And yeah, again it

509
00:26:28,440 --> 00:26:31,360
Speaker 5: is probably for a big chunk of people, but there's

510
00:26:31,400 --> 00:26:33,359
Speaker 5: a lot of folks that it doesn't make sense for too.

511
00:26:33,440 --> 00:26:35,920
Speaker 3: Yeah. I also think we should bring back the government

512
00:26:36,119 --> 00:26:38,520
Speaker 3: loans that we had in the sixties and seventies, the

513
00:26:38,520 --> 00:26:41,320
Speaker 3: three percent loan. Why is that social program gone? When

514
00:26:41,320 --> 00:26:45,760
Speaker 3: it was successful, people paid it back. You know, people

515
00:26:45,800 --> 00:26:48,080
Speaker 3: could predict how much their loans were going to cost.

516
00:26:48,080 --> 00:26:50,000
Speaker 3: They were at a reasonable interest rates, and this is

517
00:26:50,000 --> 00:26:52,920
Speaker 3: what happened. Now, this, I admit, Chel, this is outright

518
00:26:52,960 --> 00:26:56,600
Speaker 3: a Doug McIntire conspiracy theory. I have no evidence of

519
00:26:56,600 --> 00:26:59,000
Speaker 3: what I'm about to say, but I've really believed it

520
00:26:59,160 --> 00:27:00,879
Speaker 3: sort of in the back of my mind for years

521
00:27:01,480 --> 00:27:05,880
Speaker 3: that right around the time that the college loans went

522
00:27:05,920 --> 00:27:09,840
Speaker 3: away in the Reagan administration. They privatized it and the

523
00:27:09,840 --> 00:27:11,600
Speaker 3: banks loved it, and interest rates fro up to six

524
00:27:11,680 --> 00:27:12,520
Speaker 3: eight percent whatever.

525
00:27:13,240 --> 00:27:14,760
Speaker 2: That's right around the same time.

526
00:27:15,400 --> 00:27:17,920
Speaker 3: Just a few years after, we went to a volunteer army,

527
00:27:19,200 --> 00:27:24,080
Speaker 3: and we needed people to go into the military in

528
00:27:24,160 --> 00:27:28,200
Speaker 3: order to fill quotas. And as college got more expensive,

529
00:27:28,320 --> 00:27:31,800
Speaker 3: more people took up the option of going into the

530
00:27:31,920 --> 00:27:34,040
Speaker 3: army than the army would pay for education later on.

531
00:27:34,080 --> 00:27:34,959
Speaker 2: It's a wonderful program.

532
00:27:34,960 --> 00:27:36,880
Speaker 3: By the way, our oldest did he was an ROTC

533
00:27:37,000 --> 00:27:39,680
Speaker 3: student at Indiana University and has saved us a lot

534
00:27:39,680 --> 00:27:42,400
Speaker 3: of dough and we're grateful for it. But I can't

535
00:27:42,440 --> 00:27:44,600
Speaker 3: help but think that there wasn't some kind of coordination

536
00:27:44,680 --> 00:27:47,480
Speaker 3: but to these two events. Let's make college more expensive,

537
00:27:47,960 --> 00:27:49,840
Speaker 3: and now we got to fill the ranks, and now

538
00:27:49,880 --> 00:27:51,440
Speaker 3: we'll have more people coming into the army.

539
00:27:51,480 --> 00:27:54,080
Speaker 2: By the way, I've got a whole second story we'd even.

540
00:27:53,960 --> 00:27:56,040
Speaker 3: Get to today about how the army is really struggling

541
00:27:56,080 --> 00:27:58,200
Speaker 3: to make their quotas. So expect college to get even

542
00:27:58,240 --> 00:28:01,400
Speaker 3: more expensive. Joel, thanks so much for being one that's appreciated. Again,

543
00:28:01,440 --> 00:28:03,600
Speaker 3: this Sunday and every Sunday from twelve to two on

544
00:28:03,680 --> 00:28:07,120
Speaker 3: KFI How to Money with Joel Larsgard. Joel, thanks so much,

545
00:28:07,560 --> 00:28:10,120
Speaker 3: coming back? Are the actors going to join the writers

546
00:28:10,160 --> 00:28:13,160
Speaker 3: on strike? And then we got a whole other hour

547
00:28:13,200 --> 00:28:14,920
Speaker 3: with a chance to win some money? To me, you'll

548
00:28:15,000 --> 00:28:17,960
Speaker 3: join us around this time in an hour from now,

549
00:28:18,320 --> 00:28:19,640
Speaker 3: So hanging their folks.

550
00:28:20,600 --> 00:28:23,920
Speaker 4: You're listening to John and Ken on demand from KFI

551
00:28:24,160 --> 00:28:25,119
Speaker 4: AM six forty.

552
00:28:28,400 --> 00:28:28,960
Speaker 2: Next hour.

553
00:28:29,080 --> 00:28:31,000
Speaker 3: I want to talk about a couple weeks back, I

554
00:28:31,040 --> 00:28:34,359
Speaker 3: was driving down Van Nuys Boulevard in the San Fernando Valley,

555
00:28:34,600 --> 00:28:38,120
Speaker 3: which at one time before I even lived here, because

556
00:28:38,160 --> 00:28:40,640
Speaker 3: I moved here in eighty five. But at one time

557
00:28:40,720 --> 00:28:44,480
Speaker 3: it was like the center and the representative of valley life,

558
00:28:44,520 --> 00:28:47,880
Speaker 3: of southern California, life of cruising, of malt shops, of

559
00:28:48,320 --> 00:28:52,640
Speaker 3: some kind of happy day's existence. Boy, has that ship sailed?

560
00:28:53,040 --> 00:28:55,320
Speaker 3: I'm going to talk about that. We'll also talk about

561
00:28:55,320 --> 00:28:57,840
Speaker 3: the death of the great Alan Arkin. As it turns out,

562
00:28:58,360 --> 00:29:01,560
Speaker 3: I am married to a long time time actress Penny Peiser,

563
00:29:01,600 --> 00:29:04,560
Speaker 3: who was in All the President's Men and The Frisco

564
00:29:04,720 --> 00:29:07,920
Speaker 3: Kid and a whole bunch of TV series, and she

565
00:29:08,040 --> 00:29:09,880
Speaker 3: worked with Alan Arkin, and she's going to come on

566
00:29:09,920 --> 00:29:12,960
Speaker 3: and talk to us about mister Arkin, who passed away

567
00:29:13,080 --> 00:29:15,560
Speaker 3: yesterday at the age of eighty nine. An amazing talent

568
00:29:16,080 --> 00:29:19,720
Speaker 3: and a wonderful person. And how about this for a segue,

569
00:29:20,200 --> 00:29:23,239
Speaker 3: As we mentioned an actor, we're on the cusp of

570
00:29:23,280 --> 00:29:28,360
Speaker 3: a really historic union disturbance in Hollywood, and that would

571
00:29:28,360 --> 00:29:31,360
Speaker 3: be the expiration of the SAG. After the Screen Actors

572
00:29:31,480 --> 00:29:34,880
Speaker 3: you old American Federation of Television Radio Artists contract at

573
00:29:34,920 --> 00:29:38,520
Speaker 3: midnight tonight, meaning the writers and the actors could be

574
00:29:38,560 --> 00:29:41,240
Speaker 3: on strike at the same time and the town is

575
00:29:41,320 --> 00:29:44,880
Speaker 3: shut down. Now a bunch of Hollywood people who cares, right, Well,

576
00:29:44,920 --> 00:29:49,840
Speaker 3: here's the deal. The ripple effect is enormous because this

577
00:29:50,000 --> 00:29:53,200
Speaker 3: is a company town. I mean, there are thousands and

578
00:29:53,280 --> 00:29:56,200
Speaker 3: thousands of jobs that are dependent on the motion picture

579
00:29:56,240 --> 00:29:59,040
Speaker 3: and television industry and all of the feeder industries. Look,

580
00:29:59,080 --> 00:30:04,880
Speaker 3: it's lumberyards, it's caterers, it's dry cleaners who clean the wardrobe.

581
00:30:04,920 --> 00:30:08,960
Speaker 3: It's drivers, it's all hotels when people fly in. It's

582
00:30:09,040 --> 00:30:12,600
Speaker 3: all kinds of businesses that feed the motion picture industry

583
00:30:13,120 --> 00:30:18,280
Speaker 3: multi billions of dollars. The contract talks with SAG and

584
00:30:18,400 --> 00:30:23,120
Speaker 3: after are actually pretty productive by reports, they may make

585
00:30:23,160 --> 00:30:25,040
Speaker 3: a deal. It's the largest union, by the way, one

586
00:30:25,080 --> 00:30:28,160
Speaker 3: hundred and sixty thousand performers in the union. And this

587
00:30:28,200 --> 00:30:30,840
Speaker 3: is a sidebar note that may say a lot about

588
00:30:30,840 --> 00:30:33,400
Speaker 3: modern America. Do you realize that there's more members of

589
00:30:33,480 --> 00:30:36,800
Speaker 3: sag AFTRA than there are in the United Auto Workers Union.

590
00:30:37,640 --> 00:30:41,000
Speaker 3: We have more actors in this country than we have

591
00:30:41,120 --> 00:30:44,880
Speaker 3: auto workers. So automation and AI is certainly one of

592
00:30:44,920 --> 00:30:48,920
Speaker 3: the issues on the table. Tom Hanks recently said that

593
00:30:49,000 --> 00:30:52,120
Speaker 3: he fully expects to start in movies, or at least

594
00:30:52,120 --> 00:30:55,520
Speaker 3: appear in them long after he's dead, whether he likes

595
00:30:55,560 --> 00:30:59,320
Speaker 3: it or not, because AI can scan the body that's

596
00:30:59,360 --> 00:31:02,400
Speaker 3: been photographed enough, like Hanks, basically his entire life is

597
00:31:02,440 --> 00:31:02,960
Speaker 3: on film.

598
00:31:03,320 --> 00:31:05,360
Speaker 2: They can, you know, would.

599
00:31:05,160 --> 00:31:10,240
Speaker 3: Digitize and create an AI Tom Hanks that could just

600
00:31:10,280 --> 00:31:13,800
Speaker 3: be fed dialogue that another computer rites at some point

601
00:31:13,840 --> 00:31:16,000
Speaker 3: in the future. And Tom Hanks is in a movie

602
00:31:16,000 --> 00:31:18,880
Speaker 3: one hundred and fifty years from now. By the way,

603
00:31:18,920 --> 00:31:21,280
Speaker 3: it'll be great because Tom Hanks is in it. But

604
00:31:21,400 --> 00:31:25,960
Speaker 3: the point is is that the technological challenges are extraordinary.

605
00:31:26,000 --> 00:31:27,840
Speaker 2: Now, some of this may be inevitable.

606
00:31:28,440 --> 00:31:30,240
Speaker 3: I've been a writer's skill, I got a self interest

607
00:31:30,240 --> 00:31:32,000
Speaker 3: in this full disclosure. I've been a member of the

608
00:31:32,000 --> 00:31:35,360
Speaker 3: Writers Guild of America since nineteen eighty six eighty five,

609
00:31:35,640 --> 00:31:37,880
Speaker 3: and this is the third major strike that I've been through.

610
00:31:38,320 --> 00:31:40,200
Speaker 3: And I went to the Big picket. They had a

611
00:31:40,200 --> 00:31:43,480
Speaker 3: big protest rally march with all the unions at the

612
00:31:43,520 --> 00:31:47,240
Speaker 3: Libre at Tarpits a couple of Wednesdays ago, and it

613
00:31:47,360 --> 00:31:49,680
Speaker 3: was really, you know, great from morale, everybody's there were

614
00:31:49,840 --> 00:31:51,120
Speaker 3: thousands and thousands of people.

615
00:31:51,120 --> 00:31:52,160
Speaker 2: We had the Tamsters.

616
00:31:52,360 --> 00:31:55,120
Speaker 3: Everybody likes the Teamsters on their side, right, so we're

617
00:31:55,120 --> 00:31:58,280
Speaker 3: all out there for the big picket, sign in our hand,

618
00:31:58,880 --> 00:32:02,440
Speaker 3: thousands of people's speech. And yet I couldn't help but

619
00:32:02,680 --> 00:32:07,080
Speaker 3: suspect that there was an unintended metaphor an irony to

620
00:32:07,120 --> 00:32:09,760
Speaker 3: the location they chose for the rally to put us

621
00:32:09,760 --> 00:32:13,640
Speaker 3: at the Librea Tarpits. You know, are we not like

622
00:32:13,720 --> 00:32:17,800
Speaker 3: the dinosaurs being sucked down into the goo of Hollywood?

623
00:32:17,960 --> 00:32:21,440
Speaker 3: But the question is who's being Who's the dinosaur in

624
00:32:21,440 --> 00:32:23,640
Speaker 3: this case? Is it the writers, is it the actors,

625
00:32:23,760 --> 00:32:27,560
Speaker 3: or is it the studios themselves? Because despite the billions

626
00:32:27,560 --> 00:32:30,720
Speaker 3: of dollars of record profits, the truth of the matter

627
00:32:30,840 --> 00:32:35,480
Speaker 3: is is that the technology has democratized creativity. You can

628
00:32:35,560 --> 00:32:38,760
Speaker 3: make a movie on your phone, you can distribute it

629
00:32:38,800 --> 00:32:45,400
Speaker 3: globally on the internet. There are more roads to producing

630
00:32:45,560 --> 00:32:49,480
Speaker 3: product than has ever existed in humankind, and it's only

631
00:32:49,520 --> 00:32:52,400
Speaker 3: going to get more so as technology makes it easier

632
00:32:52,440 --> 00:32:55,600
Speaker 3: and easier and easier to do things that challenges and

633
00:32:55,680 --> 00:32:59,160
Speaker 3: this is a profound challenge for a company town. How

634
00:32:59,160 --> 00:33:01,320
Speaker 3: do you make it a profession? How do you keep

635
00:33:01,360 --> 00:33:04,600
Speaker 3: it a profession? It's called show business, but it's rapidly

636
00:33:04,640 --> 00:33:07,960
Speaker 3: approaching show hobby. You see, they want you for an

637
00:33:07,960 --> 00:33:12,040
Speaker 3: eleven o'clock audition, but you know you can't make an

638
00:33:12,040 --> 00:33:16,440
Speaker 3: eleven o'clock audition. If your shift supervisor at the restaurant

639
00:33:16,440 --> 00:33:18,800
Speaker 3: you're working at says you can't get the day off,

640
00:33:19,720 --> 00:33:21,760
Speaker 3: it's it's a really difficult life.

641
00:33:21,880 --> 00:33:23,400
Speaker 2: The work is unique.

642
00:33:24,440 --> 00:33:27,720
Speaker 3: But here's the big kicker and why this is worth

643
00:33:27,760 --> 00:33:31,160
Speaker 3: talking about. Besides, if you're an actor or a writer

644
00:33:31,320 --> 00:33:35,120
Speaker 3: or in show business in some capacity, the whole economy

645
00:33:35,200 --> 00:33:38,280
Speaker 3: is becoming like show business. Actors and writers and people

646
00:33:38,280 --> 00:33:41,240
Speaker 3: in show business are almost used to You never totally

647
00:33:41,280 --> 00:33:42,680
Speaker 3: get used to it, but you're kind of used to

648
00:33:42,680 --> 00:33:44,840
Speaker 3: this cycle. The boom bus cycle of being in worker

649
00:33:44,920 --> 00:33:46,480
Speaker 3: out of work, in work out of work. You know

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00:33:46,560 --> 00:33:49,400
Speaker 3: your Ford plan closes every ten weeks. You know you

651
00:33:49,440 --> 00:33:52,280
Speaker 3: don't get a gold watch. He's just nobody calls you anymore.

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00:33:52,920 --> 00:33:59,760
Speaker 3: But the gig economy has become commonplace in American economy today, and.

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00:33:59,680 --> 00:34:01,240
Speaker 2: That's a profound change.

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00:34:01,720 --> 00:34:06,120
Speaker 3: Where companies are divesting themselves of the social welfare caras, pension, health,

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00:34:06,200 --> 00:34:08,560
Speaker 3: all that stuff is now being put on you as

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00:34:08,640 --> 00:34:13,920
Speaker 3: an independent contractor, and it's transferring all of those costs

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00:34:14,640 --> 00:34:18,319
Speaker 3: that used to be covered by your employer onto the employee.

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00:34:18,680 --> 00:34:19,640
Speaker 2: And that's why I pick it.

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00:34:19,680 --> 00:34:21,920
Speaker 3: I don't expect to get any more money from the Writers'

660
00:34:21,920 --> 00:34:25,080
Speaker 3: Guild contract, but I carried a picket sign in gratitude

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00:34:25,080 --> 00:34:27,640
Speaker 3: for the pension that I get every month from the

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00:34:27,640 --> 00:34:31,160
Speaker 3: work that I did in my previous incarnation. I do

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00:34:31,200 --> 00:34:34,080
Speaker 3: have gratitude to the union into the guild, because otherwise

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00:34:34,440 --> 00:34:36,000
Speaker 3: I'd be in here begging please.

665
00:34:36,400 --> 00:34:37,759
Speaker 2: I gotta work at CAFI.

666
00:34:38,200 --> 00:34:41,160
Speaker 3: I gotta feed the cats, all right, let's feed the beast.

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00:34:41,200 --> 00:34:43,960
Speaker 2: Right now, Let's start with some news. Here's Debor Mark.

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00:34:44,480 --> 00:34:46,279
Speaker 4: Hey, you've been listening to the John and Ken Show.

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00:34:46,320 --> 00:34:49,000
Speaker 5: You can always hear us live on CAFI Am six

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00:34:49,160 --> 00:34:52,440
Speaker 5: forty one pm to four pm every Monday through Friday,

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00:34:52,480 --> 00:34:56,080
Speaker 5: and of course anytime on demand on the iHeartRadio app