WEBVTT - Bonus: The Making of The Pay Check

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<v Speaker 1>Hey Jackie, Hey Rebecca. So, now that it's been a

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<v Speaker 1>few weeks since we wrapped the season, how are you feeling. Yeah,

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<v Speaker 1>so I am still digesting everything we did over eight episodes.

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<v Speaker 1>You know, it was a lot of work, but we're

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<v Speaker 1>not quite done yet. Last week at the Bloomberg Business

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<v Speaker 1>Week conference, you and I sat down and talked about

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<v Speaker 1>the making of the season, everything from how it came together,

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<v Speaker 1>the high points, the challenges, and the reactions. Yeah, we

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<v Speaker 1>really went behind the scenes about our thought process, favorite

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<v Speaker 1>episodes and moments, and we ended on what's bubbling up

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<v Speaker 1>now that could maybe even be potential for a fourth season.

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<v Speaker 1>It was fun and we figured we'd turned it into

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<v Speaker 1>a bonus episode for you, So here it is. We

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<v Speaker 1>hope you enjoy the conversation. Um. So, for the first

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<v Speaker 1>two seasons of The Paycheck, I did it solo, and

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<v Speaker 1>we started the very first season with a personal story

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<v Speaker 1>of mine. The first season was about the gender pay gap,

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<v Speaker 1>and my mom actually fought a gender discrimination lawsuit. So

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<v Speaker 1>when we decided we wanted to switch gears to the

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<v Speaker 1>racial wealth gap, I wanted to bring on a co host,

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<v Speaker 1>and I wanted someone who could bring something personal to it.

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<v Speaker 1>And I certainly couldn't do that on my own. So

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<v Speaker 1>immediately her name came up, as you know, a very

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<v Speaker 1>impressive high ranking journalist in the news room. Um, but

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<v Speaker 1>I didn't know if you would be into it. You're

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<v Speaker 1>very busy. I didn't know if you wanted to get

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<v Speaker 1>into the weeds of a podcast. So I want to

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<v Speaker 1>know how you felt when we reached out to you

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<v Speaker 1>to take on the show. Honestly, it felt like you

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<v Speaker 1>were all asking for my hand in marriage. But it

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<v Speaker 1>took me literally a nano second to reply salute, let's go.

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<v Speaker 1>I mean, I didn't really give it a lot of

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<v Speaker 1>thought because to me, in spite of how busy I

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<v Speaker 1>am and we're all busy, um, this is a deeply

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<v Speaker 1>important topic. It's a topic that was really sort of

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<v Speaker 1>sweeping the country, the world, and you know, just the

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<v Speaker 1>idea of being involved in it in the minute, Um,

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<v Speaker 1>it made a lot of sense. So yeah, in a heartbeat,

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<v Speaker 1>the answer was yes. I thought that was really cool

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<v Speaker 1>and everyone should know that Jackie like took this incredibly

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<v Speaker 1>seriously and I mean really did so much work and

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<v Speaker 1>it was amazing to work with you on it. Yeah,

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<v Speaker 1>And so I mean, Becca, have the fact that you've

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<v Speaker 1>done three seasons and you know, as you explained, the

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<v Speaker 1>first two focused on the gender gap. Can you just

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<v Speaker 1>give views a little bit of a sense of why

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<v Speaker 1>we decided to go to the racial wealth gap this time. Yeah.

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<v Speaker 1>So we had actually planned a third season on the

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<v Speaker 1>gender pay gab and we had started production and then

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<v Speaker 1>the pandemic happened, so we put that on hold. And

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<v Speaker 1>when we went to revisit the series and you know,

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<v Speaker 1>get back going again, we just looked back at what

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<v Speaker 1>we thought we were going to do and it just

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<v Speaker 1>didn't make sense. It didn't work. The world had changed,

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<v Speaker 1>you know, pandemic revealed inequalities, it created new inequalities, and

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<v Speaker 1>it was also the summer and the country was in

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<v Speaker 1>the middle of these massive racial justice protests, and it

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<v Speaker 1>just made complete sense to us to look at a

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<v Speaker 1>different inequality statistic. And the racial wealth gap was, you know,

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<v Speaker 1>demanding our attention at that time, so we decided to

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<v Speaker 1>dive into that and I think it I think it

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<v Speaker 1>worked really well. Yeah. So the beginning of season three

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<v Speaker 1>starts with a really power full personal story that you

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<v Speaker 1>tell about your family. My dad talked less and less

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<v Speaker 1>about the land, but he never gave up on it,

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<v Speaker 1>and one email I got from him, he says, I'm

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<v Speaker 1>certain of one thing. If that property ever pays off

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<v Speaker 1>in Texas, we are out of here to someplace other

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<v Speaker 1>than Mexico. I have no idea what he meant by Mexico,

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<v Speaker 1>and I never got a chance to ask. He got cancer,

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<v Speaker 1>and while sick, a cousin reached out to see whether

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<v Speaker 1>I could get him to sell some of the land.

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<v Speaker 1>How did you decide that you wanted to explore your

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<v Speaker 1>own history and passed as part of the show. Yeah,

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<v Speaker 1>so we talked about it um a bit, and I

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<v Speaker 1>think actually you remembered it better than I do. But

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<v Speaker 1>it was one of the planning sessions and one of

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<v Speaker 1>the calls we were doing. I mentioned, by happenstance that

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<v Speaker 1>my family owned land in East Texas that we no

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<v Speaker 1>longer own, and that this land was acquired in the

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<v Speaker 1>late eighteen hundreds and passed on in a very sort

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<v Speaker 1>of messy way that black families in that era acquired land.

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<v Speaker 1>So a little bit of slice here, liver there, and

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<v Speaker 1>that's basically how it came together. And you know, ultimately

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<v Speaker 1>we lost that land, but you know, just knowing that

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<v Speaker 1>the how wealth in America is a mass. It's usually

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<v Speaker 1>through inheritance, and a big part of that equation is

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<v Speaker 1>land and property. So it did make sense, make sense

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<v Speaker 1>when I thought about it, to pull in my family's

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<v Speaker 1>history and my family's story and sort of tie it together.

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<v Speaker 1>But you know, to be honest, I needed to push Um,

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<v Speaker 1>it's really hard to kind of think about unraveling your

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<v Speaker 1>own family history. It's very complicated. Record Keeping isn't what

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<v Speaker 1>it was what it is now, especially for that demographic

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<v Speaker 1>back then. Um. But ultimately, once I got into it,

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<v Speaker 1>I got into it. Yeah. I remember we were just like, oh,

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<v Speaker 1>I've just reported up, Like it'll work out. I knew

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<v Speaker 1>that you would get something good and useful if you

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<v Speaker 1>just used your reporter skills. But I do want to know, like,

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<v Speaker 1>how was that process for you as a journal as

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<v Speaker 1>kind of trying to dig things up versus you know,

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<v Speaker 1>a person who's digging into and learning about your family's

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<v Speaker 1>really difficult past. Yeah. Well, I mean I think that

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<v Speaker 1>you know the history of black people in America, it's

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<v Speaker 1>a it's an ugly history, and it's one of the

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<v Speaker 1>reasons why people have a hard time, you know, like,

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<v Speaker 1>let's just move on you know, we don't really want

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<v Speaker 1>to talk about this. It's ugly, it's messy, and it's personal.

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<v Speaker 1>And I didn't mention this earlier, but you know, one

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<v Speaker 1>of the reasons I was so compelled by the project

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<v Speaker 1>is that I knew we would look at this and

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<v Speaker 1>sort of the way we do at Bloomberg. So we

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<v Speaker 1>would look at it with facts and data and statistics

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<v Speaker 1>and numbers and sort of you know, like really had

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<v Speaker 1>that lead the narrative versus sort of a purely emotional

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<v Speaker 1>one that said, it's very emotional. So I found out

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<v Speaker 1>things about my family I did not know about, you know,

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<v Speaker 1>family members who you know, died in childbirth, plowing fields

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<v Speaker 1>and sort of losing land and losing you know, sort

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<v Speaker 1>of racist incidents that they would come across. And yeah,

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<v Speaker 1>I mean there were times I was doing my research

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<v Speaker 1>and I burst out in tears, you know. So it's

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<v Speaker 1>it's it is deeply personal, and you know that combined

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<v Speaker 1>with the fact that you know, you're looking at your

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<v Speaker 1>own country's history and through this optic and with the family, Yeah,

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<v Speaker 1>it was a bit kind of overwhelming at times, but

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<v Speaker 1>I'm still glad I did it. What did you, Becka?

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<v Speaker 1>You know, again, given the fact that you've seen us

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<v Speaker 1>through three seasons, what did you find was the most

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<v Speaker 1>challenging part of digging into this theme. Yeah, I come

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<v Speaker 1>out of from a really different place, um, and I think,

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<v Speaker 1>you know, I consider myself an expert on the gender

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<v Speaker 1>pay gap at this point, having done all this reporting

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<v Speaker 1>and then we were just switching gears into something. Definitely

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<v Speaker 1>I feel a little bit less comfortable with as a

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<v Speaker 1>reporter a journalist, so having to definitely feeling like, you know,

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<v Speaker 1>I could be an expert for the listener. I really

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<v Speaker 1>wanted to make sure we got this right. So that

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<v Speaker 1>was the first challenge, And then the other challenge is that,

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<v Speaker 1>of course racism at any quality exists in lots of

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<v Speaker 1>different forms all over the world, but it is a

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<v Speaker 1>very specific to the u S story what we were telling,

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<v Speaker 1>and so making sure that people who were outside the

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<v Speaker 1>u S could understand it. But then when we also

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<v Speaker 1>did episodes that were global, we had an episode in

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<v Speaker 1>the UK, like trying to understand the way racism manifests

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<v Speaker 1>there and explain it to a US audience. I think

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<v Speaker 1>that was one of the most challenging parts for for me,

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<v Speaker 1>just like as an editor and a journalist, What would

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<v Speaker 1>you say was something that you UM learned through the

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<v Speaker 1>show that you you know, had never learned before, Like

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<v Speaker 1>that was something new that we had dug up. So

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<v Speaker 1>there's there's a lot of things I learned because you

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<v Speaker 1>know a lot of this is not UM taught in

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<v Speaker 1>history books. But the thing I took away amongst many things,

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<v Speaker 1>but was the unsung heroes that appeared in the in

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<v Speaker 1>the different narratives. So for instance, episode three features a

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<v Speaker 1>black farmer who struggled to obtain credit to keep his

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<v Speaker 1>farm going, and he experienced racism in that process and

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<v Speaker 1>challenged a federal agency basically set up to help aid farmers,

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<v Speaker 1>you know, from which he and his demographic had been excluded.

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<v Speaker 1>Fifty dollars to struggling in farmer who has no money

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<v Speaker 1>is a real shot in the arm up. So it

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<v Speaker 1>did help. Did he give the land back? No? Was

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<v Speaker 1>it enough settlement to to make all of the discrimination

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<v Speaker 1>go away from U SDDA to answer is no? But

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<v Speaker 1>did it help the people who got the money? Absolutely?

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<v Speaker 1>You know, he took a legal challenge and I learned

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<v Speaker 1>about that. I learned about I was very touched by UM.

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<v Speaker 1>A character we bring into the season CALLI House. You know,

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<v Speaker 1>a black woman in the late eighteen hundreds who had

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<v Speaker 1>multiple children was seemed stress and she was one of

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<v Speaker 1>the first people to put the idea of reparations on

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<v Speaker 1>the table. She was jailed for it. Um. She ultimately

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<v Speaker 1>died without seeing sort of the outcome of that initiative.

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<v Speaker 1>But you know, all the things that she did are

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<v Speaker 1>still ringing true today if you look at some initiatives

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<v Speaker 1>going on right now around reparations and just acknowledging our past.

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<v Speaker 1>So the real thing that I took away and learned

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<v Speaker 1>from it was just the things I didn't learn as

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<v Speaker 1>a as a as a school child about my own

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<v Speaker 1>history and the people who were unsung heroes in it. Yeah.

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<v Speaker 1>I think John Boyd the Farmer, actually talked about that

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<v Speaker 1>in the episode how he won this really huge racial

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<v Speaker 1>discrimination case but feels like it's really overlooked. Um. And

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<v Speaker 1>that's something that came up in the finale too, with

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<v Speaker 1>Claire Setteth who talks about not learning about any anything

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<v Speaker 1>in school. And so I hope the other listeners get

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<v Speaker 1>that out of it too. Well. What about you, I mean,

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<v Speaker 1>what was your what did you learn that you didn't know? Yeah?

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<v Speaker 1>Mine's like definitely wonk here. Um. I was really like

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<v Speaker 1>enlightened by just the learning. You know, I think I

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<v Speaker 1>understood that slavery made people very rich. I understood that,

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<v Speaker 1>but um, hearing that Marsha Bratra and talk about it

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<v Speaker 1>as a system of capital that you could you know,

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<v Speaker 1>you could take out loans on it and make yourself

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<v Speaker 1>richer if you own slaves. That was an asset on

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<v Speaker 1>which you could gain leverage to buy more stuff. And

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<v Speaker 1>that's how you get rich, is you have assets that

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<v Speaker 1>produce wealth and then you can get more credit based

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<v Speaker 1>on those assets. And I just had never really thought

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<v Speaker 1>about it in that way. And then we also talk

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<v Speaker 1>about housing in the same way about I think one

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<v Speaker 1>of the people we talked to said, I hope that

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<v Speaker 1>is right. Most people start their own business by taking

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<v Speaker 1>out collateral on their houses, and so it's not just

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<v Speaker 1>like your house is gaining in value and you have

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<v Speaker 1>that security, but it's like this ability to build something

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<v Speaker 1>more and how black people have you know, we're first

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<v Speaker 1>their bodies were used that way, and then later we're

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<v Speaker 1>left out of other ways. So that was that was

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<v Speaker 1>probably the most enlightening thing to me, right, And it

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<v Speaker 1>was there, I mean was there anything that really shocked

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<v Speaker 1>you that you were like, wow, I mean, I mean

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<v Speaker 1>that's a good question. I don't know if I don't

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<v Speaker 1>know what the right answer is to that, because it's

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<v Speaker 1>also this is a cop out, but it's all really shocking.

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<v Speaker 1>It's very um and it's just shocking, like how it

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<v Speaker 1>perpetuates itself. It's like, again, I think people think of

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<v Speaker 1>slavery is something that happened a long time ago, and

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<v Speaker 1>that is true, but it just continues to perpetuate on itself.

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<v Speaker 1>And I think that was something you season one with

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<v Speaker 1>the gender bag up too. It's like these little seeds

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<v Speaker 1>get planted and then you can't just forget that that happened.

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<v Speaker 1>They grow and you know, create new any qualities. What

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<v Speaker 1>about you? Um, everything shocked me from start to finish.

0:13:02.640 --> 0:13:05.600
<v Speaker 1>I think when we did the math uh An episode two,

0:13:05.679 --> 0:13:08.920
<v Speaker 1>and we actually you add up the value of human

0:13:09.000 --> 0:13:12.560
<v Speaker 1>life and human capital, I think that when you think

0:13:12.760 --> 0:13:17.520
<v Speaker 1>of the you know how the system is basically built

0:13:17.800 --> 0:13:21.760
<v Speaker 1>on the backs of people. The economic value of the

0:13:21.840 --> 0:13:26.120
<v Speaker 1>four million slaves was an average of a thousand dollars

0:13:26.200 --> 0:13:33.559
<v Speaker 1>per person, or about four billion dollars altogether. The banks, railroads,

0:13:33.760 --> 0:13:38.120
<v Speaker 1>and factories in the United States all put together well

0:13:38.160 --> 0:13:42.240
<v Speaker 1>worth about three and a half billion dollars. It's something

0:13:42.240 --> 0:13:44.920
<v Speaker 1>that you have to actually pause, you know, many many

0:13:44.960 --> 0:13:47.360
<v Speaker 1>times over and then you see how that sort of

0:13:47.760 --> 0:13:51.520
<v Speaker 1>perpetuates itself across history and over the different episodes, and

0:13:51.840 --> 0:13:53.760
<v Speaker 1>you know, when you're looking at you know, the question

0:13:53.840 --> 0:13:56.480
<v Speaker 1>of reparations, or you're looking at what happened in England

0:13:56.520 --> 0:13:59.679
<v Speaker 1>with wind Russian immigration and how that you know had

0:13:59.679 --> 0:14:04.720
<v Speaker 1>an packed you know in a different, similar but different way. Um,

0:14:04.760 --> 0:14:08.079
<v Speaker 1>it's sort of that self perpetuating and you know, kind

0:14:08.080 --> 0:14:11.520
<v Speaker 1>of knock on effect that this basic you know, event

0:14:11.760 --> 0:14:15.200
<v Speaker 1>of enslaving people. That's that's the thing that it's just

0:14:15.360 --> 0:14:18.280
<v Speaker 1>it never really leaves you. I have to ask, um,

0:14:19.200 --> 0:14:22.280
<v Speaker 1>but what was your favorite episode? I don't like to

0:14:22.320 --> 0:14:25.760
<v Speaker 1>pick favorites among my children, as I say, but um,

0:14:25.920 --> 0:14:30.640
<v Speaker 1>episode one, I just loved it. I felt like episode

0:14:30.680 --> 0:14:34.640
<v Speaker 1>first episodes always the hardest because it needs to be gripping,

0:14:34.960 --> 0:14:38.760
<v Speaker 1>but also set the scene and do a lot of work.

0:14:38.920 --> 0:14:40.840
<v Speaker 1>And also I think you get in your head about it.

0:14:40.960 --> 0:14:43.320
<v Speaker 1>I do. I got mad about it, but I think

0:14:43.400 --> 0:14:46.960
<v Speaker 1>we got there and I think your story was so

0:14:47.280 --> 0:14:51.120
<v Speaker 1>well done. It just was very subtle in a way

0:14:51.200 --> 0:14:54.480
<v Speaker 1>for people who haven't listened that I think is difficult

0:14:54.520 --> 0:14:57.320
<v Speaker 1>to pull off and effective, and then just set us

0:14:57.400 --> 0:14:59.800
<v Speaker 1>up for the rest of the season. We weave Jackie's

0:14:59.800 --> 0:15:02.560
<v Speaker 1>store right in and other episodes, so I also really

0:15:02.560 --> 0:15:05.360
<v Speaker 1>liked that we did that, um so episode one, and

0:15:05.400 --> 0:15:08.760
<v Speaker 1>then the other episode I really stayed with me and

0:15:08.800 --> 0:15:13.040
<v Speaker 1>I really liked was episode six, which was our first

0:15:13.080 --> 0:15:16.480
<v Speaker 1>reparations episode about reparations in the US, and I liked

0:15:16.560 --> 0:15:19.320
<v Speaker 1>that for a lot of reasons, but one reason I

0:15:19.360 --> 0:15:22.320
<v Speaker 1>liked that we looked at this reparations scheme and Evans

0:15:22.320 --> 0:15:25.760
<v Speaker 1>still Illinois. That's happening right now, and I think a

0:15:25.800 --> 0:15:28.600
<v Speaker 1>lot of our episodes are historical or look back, and

0:15:28.640 --> 0:15:30.880
<v Speaker 1>I thought it was really cool that we had something

0:15:30.880 --> 0:15:33.840
<v Speaker 1>going on right now that, you know, as we were

0:15:33.880 --> 0:15:36.200
<v Speaker 1>making the show, news was happening, and I think that's

0:15:36.200 --> 0:15:39.680
<v Speaker 1>always really cool. And it also I think changed, you know,

0:15:39.720 --> 0:15:42.480
<v Speaker 1>I think my perspective on reparations was changed a little bit,

0:15:42.520 --> 0:15:45.800
<v Speaker 1>like the solutions to all these things were made more

0:15:45.840 --> 0:15:49.840
<v Speaker 1>complicated for me after doing the show, which, um you know,

0:15:49.960 --> 0:15:52.600
<v Speaker 1>nuance is a hard thing to accept, but it's there.

0:15:52.640 --> 0:15:55.760
<v Speaker 1>So those were my my two favorites. What about you. Yeah,

0:15:55.800 --> 0:15:59.680
<v Speaker 1>I mean, like you, Um, we love all our children equally, right, Um,

0:15:59.720 --> 0:16:01.640
<v Speaker 1>But I mean it would be kind of strange advice

0:16:01.680 --> 0:16:05.200
<v Speaker 1>that I didn't like my own family's story, even though,

0:16:05.200 --> 0:16:07.840
<v Speaker 1>like you said, it was very subtle, um, And it

0:16:07.920 --> 0:16:10.960
<v Speaker 1>was sometimes frustrating because there are things I just didn't

0:16:11.040 --> 0:16:13.960
<v Speaker 1>figure out in the end, Like I don't know exactly

0:16:14.520 --> 0:16:18.200
<v Speaker 1>how my family ultimately got the land. I mean, I

0:16:18.320 --> 0:16:21.240
<v Speaker 1>got the d thanks to a listener who sent it

0:16:21.320 --> 0:16:24.080
<v Speaker 1>to me. But you know, there were so many like

0:16:24.240 --> 0:16:28.880
<v Speaker 1>pockets of holes in this story that that said, Um,

0:16:28.960 --> 0:16:31.400
<v Speaker 1>you know, like it very much was the context of

0:16:31.400 --> 0:16:33.440
<v Speaker 1>what we were trying to achieve to explain the gap,

0:16:33.440 --> 0:16:35.440
<v Speaker 1>and so it really did, I feel set the scene.

0:16:35.960 --> 0:16:39.040
<v Speaker 1>The other thing I think, um, is I really liked

0:16:39.800 --> 0:16:42.960
<v Speaker 1>the Claire's story the finale, and I thought it was

0:16:43.000 --> 0:16:46.800
<v Speaker 1>the perfect sort of juxtaposition to my story. So you know,

0:16:46.840 --> 0:16:50.520
<v Speaker 1>you've got you know, the black family, UM coming out

0:16:50.520 --> 0:16:52.880
<v Speaker 1>of slavery trying to build wealth, and you've got her

0:16:52.960 --> 0:16:57.000
<v Speaker 1>family UM discusses from the perspective of a descendant of

0:16:57.040 --> 0:17:00.440
<v Speaker 1>a slave owner. Um. I I love. I thought that

0:17:00.520 --> 0:17:04.359
<v Speaker 1>was a perfect you know bookend to the entire series

0:17:04.440 --> 0:17:07.320
<v Speaker 1>because you know, you have these different perspectives. And what

0:17:07.400 --> 0:17:10.199
<v Speaker 1>I really liked about her episode, because I had the

0:17:10.200 --> 0:17:14.359
<v Speaker 1>pleasure of interviewing her multiple times for it, was, you

0:17:14.359 --> 0:17:17.640
<v Speaker 1>know that she could really articulate, you know, this process

0:17:18.160 --> 0:17:23.040
<v Speaker 1>of understanding how her you know family owned slaves, and

0:17:23.440 --> 0:17:26.280
<v Speaker 1>you know, even the idea that potentially her great great

0:17:26.280 --> 0:17:29.880
<v Speaker 1>great grandfather, you know, impregnated as slave. And she goes

0:17:29.880 --> 0:17:33.119
<v Speaker 1>through that process of sort of discovering like all of

0:17:33.160 --> 0:17:37.600
<v Speaker 1>these nuances and historical moments and and sort of relating

0:17:37.640 --> 0:17:42.840
<v Speaker 1>it back to the present. And so someone that I'm

0:17:42.840 --> 0:17:46.040
<v Speaker 1>connected to today is connected to someone is connected to

0:17:46.119 --> 0:17:54.199
<v Speaker 1>someone who did love someone who owned slaves. And I

0:17:54.240 --> 0:17:59.320
<v Speaker 1>think that is something that I've actually never really articulated

0:17:59.359 --> 0:18:05.720
<v Speaker 1>before and also something that I think is necessary for

0:18:05.800 --> 0:18:08.440
<v Speaker 1>us to understand. There seems to be this feeling that

0:18:10.200 --> 0:18:20.640
<v Speaker 1>in admitting your past wrongs here somehow admitting that everything

0:18:20.680 --> 0:18:22.840
<v Speaker 1>about you in the past, or everything about your family

0:18:22.840 --> 0:18:27.360
<v Speaker 1>in the past is bad and terrible. You know, when

0:18:27.359 --> 0:18:31.320
<v Speaker 1>she talks about her ancestor you know, writing you know,

0:18:31.400 --> 0:18:36.040
<v Speaker 1>the Mississippi Constitution to basically forbid blacks from taking part

0:18:36.080 --> 0:18:39.520
<v Speaker 1>in voting. Well, there's some remnants of that sort of

0:18:39.640 --> 0:18:43.639
<v Speaker 1>happening in and she sort of connects the dots. She

0:18:43.680 --> 0:18:46.360
<v Speaker 1>also talks about history and the fact that she never

0:18:46.480 --> 0:18:49.879
<v Speaker 1>learned like me, I didn't learn a lot of these

0:18:49.880 --> 0:18:53.640
<v Speaker 1>these historical facts, a lot of these unsung heroes. So

0:18:53.680 --> 0:18:56.119
<v Speaker 1>I think that there was a lot of connectivity between

0:18:56.119 --> 0:18:59.960
<v Speaker 1>the two stories, and it's two American women sort of,

0:19:00.160 --> 0:19:03.639
<v Speaker 1>you know, basically having a voice on the topic. I

0:19:03.640 --> 0:19:05.520
<v Speaker 1>thought it was those are I have to say my

0:19:05.600 --> 0:19:14.919
<v Speaker 1>probably my two favorites. We have some questions to we

0:19:14.920 --> 0:19:17.640
<v Speaker 1>take some questions, you know, let's do other people's questions.

0:19:18.400 --> 0:19:21.520
<v Speaker 1>The first question asked is in a single parent household,

0:19:21.600 --> 0:19:25.720
<v Speaker 1>is it more difficult to create and retain generational wealth.

0:19:26.840 --> 0:19:29.879
<v Speaker 1>I mean I would say yes. And one of our

0:19:29.920 --> 0:19:32.240
<v Speaker 1>episodes does hit that when we talk about the tax

0:19:32.320 --> 0:19:34.320
<v Speaker 1>code and we have, you know, a character in the

0:19:34.359 --> 0:19:37.520
<v Speaker 1>series who basically a woman who owned her home and

0:19:37.560 --> 0:19:40.280
<v Speaker 1>she happens to be a single parent um who's now

0:19:40.359 --> 0:19:42.720
<v Speaker 1>having to rent her home because she lost that property

0:19:42.800 --> 0:19:45.960
<v Speaker 1>because of you know, basically the tax system was not

0:19:46.320 --> 0:19:50.680
<v Speaker 1>even an equal Yeah, I feel left behind. I feel

0:19:50.760 --> 0:19:54.359
<v Speaker 1>left behind. And then and then well last year to

0:19:54.480 --> 0:19:59.239
<v Speaker 1>learn that I was over taxed by five thousand. It

0:19:59.280 --> 0:20:03.240
<v Speaker 1>makes me s it, it makes me depress, it makes

0:20:03.280 --> 0:20:06.360
<v Speaker 1>me feel like a failure. I mean, that's one example,

0:20:06.560 --> 0:20:11.000
<v Speaker 1>but it does not help you don't have different partner

0:20:11.160 --> 0:20:14.200
<v Speaker 1>or people to to to help you, um in that situation.

0:20:14.240 --> 0:20:17.000
<v Speaker 1>For sure. It's one example. What do you think? Yeah,

0:20:17.040 --> 0:20:20.560
<v Speaker 1>I think the thing we learned or I learned through

0:20:20.600 --> 0:20:23.719
<v Speaker 1>this was that wealth is something that builds over time.

0:20:23.840 --> 0:20:28.640
<v Speaker 1>And so you know, your circumstances right now certainly can

0:20:28.680 --> 0:20:32.199
<v Speaker 1>help you. But also it really matters what circumstances you

0:20:32.280 --> 0:20:34.440
<v Speaker 1>came from. So it's kind of hard to answer that

0:20:34.560 --> 0:20:37.640
<v Speaker 1>question because there could be a single parent who inherited

0:20:37.680 --> 0:20:39.600
<v Speaker 1>a lot of wealth, or a single parent whose family

0:20:39.640 --> 0:20:41.679
<v Speaker 1>helped them put them through school, or you know, I

0:20:41.680 --> 0:20:46.080
<v Speaker 1>think it's more it is generational. Um, So that's my answer.

0:20:46.640 --> 0:20:49.719
<v Speaker 1>All right. This one's for Jackie. What did your family

0:20:49.920 --> 0:20:52.160
<v Speaker 1>think about this series? That's a really good question. There's

0:20:52.160 --> 0:20:55.600
<v Speaker 1>a good question. What did my family think? You know,

0:20:55.640 --> 0:20:58.199
<v Speaker 1>it actually took them, some of them a bit of

0:20:58.280 --> 0:21:01.440
<v Speaker 1>time to sit down and listen to it, you know. Um,

0:21:01.720 --> 0:21:05.680
<v Speaker 1>But when they did, I think that they, like me,

0:21:06.280 --> 0:21:10.760
<v Speaker 1>were pretty emotional about it, because again, you know, it's

0:21:10.960 --> 0:21:13.199
<v Speaker 1>part of the reason why I can't watch films like

0:21:13.200 --> 0:21:17.879
<v Speaker 1>Mississippi Burning or documentaries about civil rights era. It's painful

0:21:18.200 --> 0:21:21.720
<v Speaker 1>to watch, you know, any demographic, you know, one from

0:21:21.760 --> 0:21:26.960
<v Speaker 1>which you sprang to have that kind of hard look discussion.

0:21:27.040 --> 0:21:29.160
<v Speaker 1>You know, it's easier to turn on like a comedy

0:21:29.160 --> 0:21:31.960
<v Speaker 1>series or something. But so I think they put it off.

0:21:32.400 --> 0:21:38.159
<v Speaker 1>But their reaction ultimately was, um, joy again, you always should,

0:21:38.240 --> 0:21:42.479
<v Speaker 1>when possible, put a voice to your narrative. Um, you know,

0:21:42.680 --> 0:21:46.199
<v Speaker 1>just speak up again, make it fact based, you know,

0:21:46.680 --> 0:21:50.040
<v Speaker 1>teach and and basically you know, have a voice. So

0:21:50.160 --> 0:21:53.200
<v Speaker 1>ultimately they were the reaction was pretty positive. So our

0:21:53.240 --> 0:21:55.720
<v Speaker 1>final question was actually going to be our final question

0:21:55.760 --> 0:21:57.960
<v Speaker 1>to each other. So I'm glad you guys asked it.

0:21:58.000 --> 0:22:01.040
<v Speaker 1>Which is what topic will you explore for your next season?

0:22:01.920 --> 0:22:04.920
<v Speaker 1>I can take this one. We don't know yet, um,

0:22:04.960 --> 0:22:10.639
<v Speaker 1>but I think having now shifted away from this idea

0:22:10.680 --> 0:22:13.479
<v Speaker 1>of the gender pay gap as being what we focus

0:22:13.520 --> 0:22:16.400
<v Speaker 1>on for this year's we've opened ourselves up to exploring

0:22:16.440 --> 0:22:21.720
<v Speaker 1>any wealth inequality or any inequality statistic, and so I

0:22:21.760 --> 0:22:23.840
<v Speaker 1>think that's really exciting and freeing because we can go

0:22:23.880 --> 0:22:25.680
<v Speaker 1>a lot of directions with us. One idea that I

0:22:25.720 --> 0:22:29.680
<v Speaker 1>was discussing with Jackie is maybe we've been very US focused. Um,

0:22:29.680 --> 0:22:33.280
<v Speaker 1>maybe there's some sort of global inequality statistic we can

0:22:33.320 --> 0:22:36.000
<v Speaker 1>look at. But um, we just finished the season, so

0:22:36.080 --> 0:22:38.159
<v Speaker 1>I'm going to need a little bit of a break

0:22:38.200 --> 0:22:43.879
<v Speaker 1>to think about it and rest up. Yeah. I agree.

0:22:45.080 --> 0:22:47.640
<v Speaker 1>I want to go global um to the degree we can.

0:22:47.800 --> 0:22:50.600
<v Speaker 1>I think it's important, particularly in a recovery year and

0:22:50.640 --> 0:22:53.879
<v Speaker 1>looking at the annemus of the recovery around the world.

0:22:58.240 --> 0:23:01.400
<v Speaker 1>Thanks so much for for being here, and please listen

0:23:01.480 --> 0:23:05.639
<v Speaker 1>to the show you haven't already rate, subscribe, Thank you

0:23:12.400 --> 0:23:15.960
<v Speaker 1>if you want even more paycheck. Bloomberg's Quick Take team

0:23:16.119 --> 0:23:19.000
<v Speaker 1>made a video adaptation of our series, which you can

0:23:19.000 --> 0:23:24.879
<v Speaker 1>find at bloomberg dot com slash qt. Some people they

0:23:24.920 --> 0:23:27.760
<v Speaker 1>just got fired and they have no idea why some

0:23:27.800 --> 0:23:31.240
<v Speaker 1>people were detained losing access to healthcare. How many have

0:23:31.400 --> 0:23:36.280
<v Speaker 1>been detained as prisoners in their own culture? The historical

0:23:36.359 --> 0:23:41.240
<v Speaker 1>injustice has never been addressed. Ending an injustice is not

0:23:41.359 --> 0:23:44.000
<v Speaker 1>the same thing as making up for its enduring effects.

0:23:44.560 --> 0:23:48.960
<v Speaker 1>Factors and millions of negroes as a result of centuries

0:23:49.119 --> 0:23:54.760
<v Speaker 1>of denial and neglect then left. I feel this the travesty.

0:23:55.000 --> 0:23:57.760
<v Speaker 1>I want to leave my children something that I earned

0:23:57.760 --> 0:24:00.960
<v Speaker 1>and I put my bloods with tears into. If I

0:24:01.080 --> 0:24:04.680
<v Speaker 1>stabbed you, you may suffer complications along after that initial

0:24:04.720 --> 0:24:07.719
<v Speaker 1>actual stabbing. That's the case with African Americans. There are

0:24:07.720 --> 0:24:10.920
<v Speaker 1>people well within the living memory of this country, there's

0:24:10.960 --> 0:24:14.440
<v Speaker 1>still suffering from the actor. In facts of the Motherland,

0:24:14.920 --> 0:24:17.920
<v Speaker 1>that's what Britain was called the motherland, and then the

0:24:18.040 --> 0:24:21.560
<v Speaker 1>mother just rejected their children for what reason. We didn't

0:24:21.560 --> 0:24:28.359
<v Speaker 1>do anything, Bro, thanks again for listening and we hope

0:24:28.440 --> 0:24:30.960
<v Speaker 1>to be in your ears again soon. I