Podcasts about Third Avenue

Federal aviation officials say Newark Airport was hit with another tech outage Friday morning, the second such meltdown in as many weeks. The NYPD arrested more than a dozen protesters at Brooklyn College Thursday night. Plus, May 10th is now officially Chinese American Railroad Workers Memorial Day. And finally, the Sunset Park community board adopted a plan to redesign Third Avenue under the Gowanus Expressway but they recently learned the plan is on hold.

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In this episode of Chasing the Insights, host Vince Warnock speaks with Reggie James, a seasoned business growth expert, about the intersection of AI and marketing. They explore Reggie's journey from his roots in India to becoming a successful entrepreneur in Scotland, the realities of entrepreneurship, and the transformative impact of AI on marketing strategies. Reggie shares insights on various AI tools that can enhance business operations and emphasizes the importance of mentorship and continuous learning for entrepreneurs. The conversation highlights the rapid evolution of AI technology and its potential to democratize access to resources for aspiring business owners.Chapters00:00 Introduction to Chasing the Insights01:47 Reggie's Journey and Background08:14 The Reality of Entrepreneurship08:58Understanding AI in Marketing12:05 AI's Impact on Marketing Strategies20:12 AI Tools and Technologies for Entrepreneurs33:58 Practical Tips for EntrepreneursTakeawaysAI is revolutionizing marketing strategies across all sectors.Entrepreneurship is a challenging journey filled with ups and downs.Reading books is essential for personal and professional growth.Believing in oneself is crucial for success in business.Having a mentor can significantly ease the entrepreneurial journey.AI tools can enhance creativity and efficiency in marketing.The creative industry will evolve with the rise of AI.Understanding AI is key to staying competitive in business.Networking and outreach can be automated using AI technologies.Every entrepreneur has a unique story that can inspire others.Sound Bites"AI tools can help you scale your outreach.""You can build apps without any code now.""The world is going mad with AI advancements.""AI democratizes access to technology.""You need to believe in yourself.""Read books; the answers are in them.""Get a mentor; it's hard to do it alone.""You're awesome; never forget that."For further information contact: ------------------------------REGGIE JAMES | DIGITAL CLARITYEmail: Reggie.james@digital-clarity.com LinkedIn: https://uk.linkedin.com/in/reggiejamesSpotify: https://open.spotify.com/show/6yvvIVmLK92YjQd7DsHoqgX: https://x.com/reggie_james_Instagram: https://www.instagram.com/reggiejames_1/------------------------------Surrey: Austen House Guildford, Surrey GU1 4AR London: Mayfair Point, 32 South Molton St. London W1K5RG New York: 845 Third Avenue 6th Flr, New York, NY 10022

3:09:08 – Frank in New Jersey and NYC, plus the Other Side. Topics include: A common thought experiment, sending your mind back in time 40 years, this future, hotel update, Megalopolis (2024) rewatch, table repair, Return to Crystal Pavilion, Grand Central, pointless communication, headcanon, bittersweet memories on Third Avenue, Wonder Food Hall, poke bowl, depressing seating area, […]

3:09:08 – Frank in New Jersey and NYC, plus the Other Side. Topics include: A common thought experiment, sending your mind back in time 40 years, this future, hotel update, Megalopolis (2024) rewatch, table repair, Return to Crystal Pavilion, Grand Central, pointless communication, headcanon, bittersweet memories on Third Avenue, Wonder Food Hall, poke bowl, depressing seating area, […]

This is the All Local morning update for February 11, 2025.

Payton Rae stops by and shares her musical journey, from growing up in North Idaho to becoming one half of Third Avenue and now stepping into her solo career. She talks about her early performances, the challenges of going solo, her new nashville tattoo and what excites her most about her upcoming single, "Rodeo." Ty and Payton share their excitement for the upcoming event at Crossroads Country Music Academy and plan their day in CDA, complete with a stop at Maverik. Crossroads tickets - https://shorturl.at/JjlEMCreditsMusic - Jesse QuandtVoice Over - J. GwinnHost - Ty PisaniSounds - ZapSplatBecome a supporter of this podcast: https://www.spreaker.com/podcast/tee-party-podcast--4837858/support.

Send us a textThe iconic Smith & Wollensky steakhouse first opened its doors in 1977 on the corner of Third Avenue and 49th Street in New York City. Wine Guy Aaron Sagendorf offers an exclusive behind-the-scenes look at this legendary Manhattan institution. For more info. Click here: https://www.smithandwollenskynyc.comCheck out the website: www.drinkingonthejob.com for great past episodes. Everyone from Iron Chefs, winemakers, journalist and more.

On today's Midday Report with Host Terry Haines: A Southeast Alaska lawmaker has a proposal to offer a state flood insurance alternative that may include coverage for both floods and some landslides. Another Alaska lawmaker is proposing a bill that would protect the personal information of law officers and stalking victims. And Sen. Lisa Murkowski lauded President-Elect Donald Trump's choice to lead the Department of Energy. Photo: Ketchikan's Third Avenue landslide.

Same Time, Same Station 12/22/2024 Christmas Week 3. “Duffy’s Tavern” 12/22/1948 Miracle on Third Avenue. “The Damon Runyon Theater” 04/24/1949 #17 Dancing Dan’s Christmas. Syndicated program. Broadcast Dates in different cities differ. “Proudly We Hail” 12/23/1951 (0168) Christmas Story. “The Doris Day Show” 12/23/1953 Christmas Show. Jack Kirkwood guests. If you would like to request shows, please call (714) 449-1958 E-mail: Larry Gassman: LarryGassman1@gmail.com John Gassman: John1Gassman@gmail.com

Same Time, Same Station 12/22/2024 Christmas Week 3. “Duffy’s Tavern” 12/22/1948 Miracle on Third Avenue. “The Damon Runyon Theater” 04/24/1949 #17 Dancing Dan’s Christmas. Syndicated program. Broadcast Dates in different cities differ. “Proudly We Hail” 12/23/1951 (0168) Christmas Story. “The Doris Day Show” 12/23/1953 Christmas Show. Jack Kirkwood guests. If you would like to request shows, please call (714) 449-1958 E-mail: Larry Gassman: LarryGassman1@gmail.com John Gassman: John1Gassman@gmail.com

3/4: Strong Passions: A Scandalous Divorce in Old New York by  Barbara Weisberg  (Author) https://www.amazon.com/Strong-Passions-Scandalous-Divorce-York/dp/039353152X/ref=sr_1_1?dib=eyJ2IjoiMSJ9.9hwWrFkVKfH0-S_dfX6zTgssm2g1_jkCCWUnm_F5D38hL7vanm1ChYTb69YubEgvEvE7RCSOx8omxepNmvds2LQheUq8XPMzZ9g8ALdevXuivCKUhPZjtbi8rXpd9RW88A462LM1OepgdH3jjkabig.hcYcPqYvQIcV7WCGeleAlj7HQe0bEQ8PHjhy2gOT5y0&dib_tag=se&qid=1735315023&refinements=p_27%3ABarbara+Weisberg&s=books&sr=1-1 The divorce trial Strong v. Strong riveted the nation during the final throes and aftermath of the Civil War, offering a shocking glimpse into the private world of New York's powerful and privileged elite. Barbara Weisberg presents the chaotic courtroom and panoply of witnesses―governess, housekeeper, private detective, sisters-in-law, and many others―who provided contradictory and often salacious testimony. She then asks us to be the jury, deciding each spouse's guilt and the possibility of a just resolution 1862 Thirteenth and Third Avenue and 200 year-old pear tree, Manhattan

Hello and welcome to a special bonus episode of YXE Underground.A few nights ago, my wife and I were able to attend a really wonderful event hosted by artist group called The 525.It was the closing reception to a group photography and video exhibition called Unbecoming…held in an empty business space on Third Avenue. The exhibition was co-curated by Saskatoon's Rowen Dinsmore and Molly Schikosky. Now, if Molly's name sounds familiar, it's because she has worked with me on many episodes of the podcast taking photos, as well as creating the YXE Underground video that was released a few months ago. Molly is amazing and we really wanted to support her…And I must say the evening was so much fun! The exhibition featured 10 female identifying artists from Saskatoon: Leo Lauren ConquergoodHannah AlexXiao HanBerit JohnsonEmily JohnsonMona KhanMolly SchikoskyDarby SutherlandTammy ZdunichEmma ZuckEach artist had their own space within the exhibition showcasing their photography and videography talents. All 10 artists also shared with a packed crowd the motivation behind their works, and you'll hear from some of the artists in this episode. You will also meet a gentleman named Kehun Fu, who is The 525's Principal Director. This was my first time attending a 525 exhibition and Kehun shares how this local group is bringing original art to unique spaces across Saskatoon.Before I take you the event, which as I just mentioned, was full of people, I want to share to you the exhibition statement as I think it will get you in the right frame of mind before meeting some of the artists.“Unbecoming challenges and reclaims the phrase weaponized against women and act a certain way can be viewed as ‘unbecoming,' and also references the idea of unpacking and unravelling generational impact left on women by women. Central to this exhibition are themes of evolving womanhood across generations, everyday moments that shape and celebrate female experiences, diverse expressions of femininity, and personal narratives that reveal intimate, transformative stories of empowerment.”You can follow and listen to YXE Underground wherever you find your favourite podcasts including Apple Podcasts, Spotify, Goodpods or the YXE Underground website. Please feel free to leave a 5-star review if you like what you hear and share the podcast with all your friends. You can also follow YXE Underground on Facebook, Instagram and X. Cheers...Eric  Host, Producer, Editor: Eric AndersonTheme Music: Andrew DicksonWebsite: https://www.yxeunderground.comRecorded: On Treaty 6 Territory and the traditional homeland of the Metis

Ryan Dobratz, from Third Avenue Funds, stops by The Business Brew to discuss Third Ave's real estate strategy.  Ryan discusses the benefits of focusing on real estate operating companies over REITs, the potential of investments like CBRE, challenges in the office market, and the outlook for residential real estate. They also discuss investment strategies in the residential market, opportunities in Fannie Mae and Freddie Mac, and Dobratz's personal career journey.    00:00 Welcome to the Business Brew  00:03 Introducing Ryan Dobratz and Third Avenue Funds  00:39 Disclaimer and Financial Advice Warning  01:44 Starting the Conversation with Ryan Dobratz  02:46 Ryan's Career Journey and Early Influences  05:51 Joining Third Avenue and Moving to New York  08:24 Strategic Move to Austin and Real Estate Insights  09:38 Challenges and Opportunities in the Office Sector  13:10 Investing in Real Estate Services Companies  15:02 Philosophy on NAV and Investment Strategies  23:55 Preference for C Corps Over REITs  28:11 Prologis and Industrial Real Estate  35:21 Public vs. Private Real Estate Investments  39:46 Incentives and Behavioral Finance in Private Markets  40:18 Active vs Passive Investing in Real Estate  42:57 Third Avenue's Real Estate Strategy  46:27 Residential Real Estate Investments  59:46 Fannie Mae and Freddie Mac: A Deep Dive  01:18:01 Challenges and Opportunities in Tower REITs  01:22:06 Conclusion and Final Thoughts 

fWotD Episode 2750: Costello's Welcome to Featured Wiki of the Day, your daily dose of knowledge from Wikipedia’s finest articles.The featured article for Thursday, 14 November 2024 is Costello's.Costello's (also known as Tim's) was a bar and restaurant in Midtown Manhattan, New York City, from 1929 to 1992. The bar operated at several locations near the intersection of East 44th Street and Third Avenue. Costello's was known as a drinking spot for journalists with the New York Daily News, writers with The New Yorker, novelists, and cartoonists, including the author Ernest Hemingway, the cartoonist James Thurber, the journalist John McNulty, the poet Brendan Behan, the short-story writer John O'Hara, and the writers Maeve Brennan and A. J. Liebling. The bar is also known for having been home to a wall where Thurber drew a cartoon depiction of the "Battle of the Sexes" at some point between 1934 and 1935; the cartoon was destroyed, illustrated again, and then lost in the 1990s. A wall illustrated in 1976 by several cartoonists, including Bill Gallo, Stan Lee, Mort Walker, Al Jaffee, Sergio Aragonés, and Dik Browne, is still on display at the bar's final location.The bar was founded in 1929 as a speakeasy on Third Avenue by brothers Tim and Joe Costello, who had emigrated to the United States from Ireland. Tim was known as an affable, intelligent proprietor with an interest in literature. In the early 1930s, the bar moved to the corner of East 44th Street and Third Avenue, before moving one door away on Third Avenue in 1949. The bar moved to its final location at 225 East 44th Street in 1974. Costello's closed in 1992; the Turtle Bay Café took over the space, operating until 2005. Since then, the location has been occupied by a sports bar called the Overlook. The bar is remembered through the stories that have been told about it over the years. The writer John McNulty is credited with creating a mythology around Costello's—which he called "this place on Third Avenue"—through a series of short stories published in The New Yorker in the 1940s.This recording reflects the Wikipedia text as of 00:43 UTC on Thursday, 14 November 2024.For the full current version of the article, see Costello's on Wikipedia.This podcast uses content from Wikipedia under the Creative Commons Attribution-ShareAlike License.Visit our archives at wikioftheday.com and subscribe to stay updated on new episodes.Follow us on Mastodon at @wikioftheday@masto.ai.Also check out Curmudgeon's Corner, a current events podcast.Until next time, I'm neural Matthew.

Value: After Hours is a podcast about value investing, Fintwit, and all things finance and investment by investors Tobias Carlisle, and Jake Taylor. See our latest episodes at https://acquirersmultiple.com/podcast We are live every Tuesday at 1.30pm E / 10.30am P. About Jake Jake's Twitter: https://twitter.com/farnamjake1 Jake's book: The Rebel Allocator https://amzn.to/2sgip3l ABOUT THE PODCAST Hi, I'm Tobias Carlisle. I launched The Acquirers Podcast to discuss the process of finding undervalued stocks, deep value investing, hedge funds, activism, buyouts, and special situations. We uncover the tactics and strategies for finding good investments, managing risk, dealing with bad luck, and maximizing success. SEE LATEST EPISODES https://acquirersmultiple.com/podcast/ SEE OUR FREE DEEP VALUE STOCK SCREENER https://acquirersmultiple.com/screener/ FOLLOW TOBIAS Website: https://acquirersmultiple.com/ Firm: https://acquirersfunds.com/ Twitter: https://twitter.com/Greenbackd LinkedIn: https://www.linkedin.com/in/tobycarlisle Facebook: https://www.facebook.com/tobiascarlisle Instagram: https://www.instagram.com/tobias_carlisle ABOUT TOBIAS CARLISLE Tobias Carlisle is the founder of The Acquirer's Multiple®, and Acquirers Funds®. He is best known as the author of the #1 new release in Amazon's Business and Finance The Acquirer's Multiple: How the Billionaire Contrarians of Deep Value Beat the Market, the Amazon best-sellers Deep Value: Why Activists Investors and Other Contrarians Battle for Control of Losing Corporations (2014) (https://amzn.to/2VwvAGF), Quantitative Value: A Practitioner's Guide to Automating Intelligent Investment and Eliminating Behavioral Errors (2012) (https://amzn.to/2SDDxrN), and Concentrated Investing: Strategies of the World's Greatest Concentrated Value Investors (2016) (https://amzn.to/2SEEjVn). He has extensive experience in investment management, business valuation, public company corporate governance, and corporate law. Prior to founding the forerunner to Acquirers Funds in 2010, Tobias was an analyst at an activist hedge fund, general counsel of a company listed on the Australian Stock Exchange, and a corporate advisory lawyer. As a lawyer specializing in mergers and acquisitions he has advised on transactions across a variety of industries in the United States, the United Kingdom, China, Australia, Singapore, Bermuda, Papua New Guinea, New Zealand, and Guam. He is a graduate of the University of Queensland in Australia with degrees in Law (2001) and Business (Management) (1999).

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Value: After Hours is a podcast about value investing, Fintwit, and all things finance and investment by investors Tobias Carlisle, and Jake Taylor. See our latest episodes at https://acquirersmultiple.com/podcast We are live every Tuesday at 1.30pm E / 10.30am P. About Jake Jake's Twitter: https://twitter.com/farnamjake1 Jake's book: The Rebel Allocator https://amzn.to/2sgip3l ABOUT THE PODCAST Hi, I'm Tobias Carlisle. I launched The Acquirers Podcast to discuss the process of finding undervalued stocks, deep value investing, hedge funds, activism, buyouts, and special situations. We uncover the tactics and strategies for finding good investments, managing risk, dealing with bad luck, and maximizing success. SEE LATEST EPISODES https://acquirersmultiple.com/podcast/ SEE OUR FREE DEEP VALUE STOCK SCREENER https://acquirersmultiple.com/screener/ FOLLOW TOBIAS Website: https://acquirersmultiple.com/ Firm: https://acquirersfunds.com/ Twitter: https://twitter.com/Greenbackd LinkedIn: https://www.linkedin.com/in/tobycarlisle Facebook: https://www.facebook.com/tobiascarlisle Instagram: https://www.instagram.com/tobias_carlisle ABOUT TOBIAS CARLISLE Tobias Carlisle is the founder of The Acquirer's Multiple®, and Acquirers Funds®. He is best known as the author of the #1 new release in Amazon's Business and Finance The Acquirer's Multiple: How the Billionaire Contrarians of Deep Value Beat the Market, the Amazon best-sellers Deep Value: Why Activists Investors and Other Contrarians Battle for Control of Losing Corporations (2014) (https://amzn.to/2VwvAGF), Quantitative Value: A Practitioner's Guide to Automating Intelligent Investment and Eliminating Behavioral Errors (2012) (https://amzn.to/2SDDxrN), and Concentrated Investing: Strategies of the World's Greatest Concentrated Value Investors (2016) (https://amzn.to/2SEEjVn). He has extensive experience in investment management, business valuation, public company corporate governance, and corporate law. Prior to founding the forerunner to Acquirers Funds in 2010, Tobias was an analyst at an activist hedge fund, general counsel of a company listed on the Australian Stock Exchange, and a corporate advisory lawyer. As a lawyer specializing in mergers and acquisitions he has advised on transactions across a variety of industries in the United States, the United Kingdom, China, Australia, Singapore, Bermuda, Papua New Guinea, New Zealand, and Guam. He is a graduate of the University of Queensland in Australia with degrees in Law (2001) and Business (Management) (1999).

The sign of a strong apparel brand isn't always about covering every billboard. It's about longevity, steady growth, and speaking the customer's language. And today's two guests certainly know how to do that. On this episode, we're sitting down with Kevin McLaughlin, Co-Founder and Chief Creative Officer of J. McLaughlin, and Mary Ellen Coyne, the company's CEO. Kevin started J.McLaughlin in 1977 with his brother, Jay. They envisioned a timeless lifestyle brand with a legacy of style and a spirit of connection. And they did just that, opening their first shop on 74th Street and Third Avenue in Manhattan. It immediately became the post-brunch destination for the Ivy league, JG Mellon crowd. Kevin's taste and design-sense has guided the J.McLaughlin collection since the first store opened, and he prides himself on creating effortless and enduring styles with a modern twist. Each style is thoughtfully designed with impeccable craftsmanship, original colors and prints and innovative fabrics.  Mary Ellen Coyne is the CEO of J. McLaughlin, and joined the brand in 2016. She oversees all aspects of strategy and operations, including merchandising, product development, marketing, retail expansion, and e-commerce. Under her leadership, the brand has launched new product verticals, including swim and footwear, enjoyed robust retail expansion, and recently launched a brand refresh. Prior to joining the company, Mary Ellen had two decades of leadership experience at Ralph Lauren, where she most recently served as the Chief Merchandising Officer of Polo Women and Children's Division. Her career kicked off in the Macy's Training Program, and from there, she sharpened her industry expertise with key merchandising roles at Ann Taylor, The Gap, and Victoria's Secret.J.McLaughlin now has over 170 beautiful stores on the most charming streets in America and true to the McLaughlin brothers' vision, each store is entirely unique.Highlights:Kevin tells how he and his brother Jay started the business in 1977, and who the core customer is (4:47)Mary Ellen talks about why she joined the company (7:30)The store locations, key markets and expansion strategy (9:08)The menswear category and as the early foundation of the brand, and how the company approaches their relationship with the customer (11:15)Kevin talks about the role that intuition plays in the company (15:53)J.McLaughlin's philanthropy and their "local and loyal" approach (17:58)Mary Ellen discusses the company's impressive financial performance (18:56)The company's marketing and the role that their catalogue plays in that mix (20:39)New categories for 2024 (23:05)Working with Trey Laird to update the company's branding and marketing (26:14)Kevin discusses the expansion and brand awareness he'd like to create (28:37)Who are J.McLaughlin's competitors? (30:37)Trends and retail projections for the coming season (31:46)Mary Ellen and Kevin's goals for the next 5 years (33:05)Links:Mary Ellen Coyne on LinkedInJ.McLaughlin on LinkedInJ.McLaughlin WebsiteICR LinkedInICR TwitterICR WebsiteFeedback:If you have questions about the show, or have a topic in mind you'd like discussed in future episodes, email our producer, marion@lowerstreet.co.

"Neil Young's 2024 Tour with Crazy Horse: A Legendary Performance"Larry Mishkin discusses the creation of the song "The Music Never Stopped" by Bob Weir and John Perry Barlow. Weir explains his collaborative process with Barlow, where they developed lyrics together over the phone, inspired by Barlow's description of a scene from Wyoming. Weir also reflects on the importance of lyrical and musical cohesion, and the song's debut and history of performances, including at venues like the Great American Music Hall and the Palladium. The discussion transitions to Neil Young's recent tour with Crazy Horse, highlighting the band's performance and Young's energy despite his age. He also mentions upcoming events and concludes with a focus on the Grateful Dead's performance of "St. Stephen" and other songs from 47 years ago. Grateful DeadApril 30, 1977  (47 years ago, tomorrow)PalladiumNYCGrateful Dead Live at The Palladium on 1977-04-30 : Free Download, Borrow, and Streaming : Internet ArchiveAudience Tape This is another good show from 1977, but the recording quality is actually not bad considering this is an audience recording.  Since then the show has been commercially released as the first volume of the Grateful Dead Download Series if you want to hear the crisper soundboard recording.Highlights from this show are the first set Mississippi Half Step and even Looks Like Rain is played with a passion that is moving even if the song always is not. In the second set, the Dead start off with a Scarlet Begonias>Fire on the Mountain (pretty good), swing into a fun mid-set Good Lovin (common for that time, but for the last 15 years, it was almost always a set closer as an alternative to Sugar Mag) or an encore tune (send everyone home with a smile), Friend of the Devil , Estimated Prophet.  And then they blow the doors off the place with a St. Stephen>Not Fade Away>Stella Blue>St. Stephen sandwich that must be heard in full to be truly appreciated.  It's pretty awesome to hear Stella Blue transition back into the St. Stephen, an unusual pairing to say the least. Close with a Saturday Night and then yet another 1977 Terrapin Stationencore.   INTRO:                                 Music Never Stopped                                                Track #2                                                0:00 – 1:26                 Hunter Weir tune, released on Blues For Allah (Sept. 1,1975). Bob:  As a lyricist I'm glacially slow. I can generally get the job done, but it takes too damned long. So I like to work with people who have a little more facility with that—you know, John Barlow, Garrett Grant, Robert Hunter.Or I may have a general notion of the color of the rhythm and the harmonic or melodic development, and I'll sit with a guy and we just fire blank verse at each other until we start to corner that color—and then often the song will fall right out of the sky. Other times, I may have no notion of where the song wants to go, in which case I'll let whoever I'm working with surprise me. . . .“The Music Never Stopped” is a song that we wrote over the telephone. I had this business going [plays opening guitar riff, Example 13 below]. So I played this over the phone to John, and he just started spitting stuff at me. The first line came out, “There's mosquitoes on the river / Fish are rising up like birds.” He was living in Wyoming at the time on a ranch, and he started describing a situation that I'd seen with him, where it was late summer on a dry year and things were hot and kind of dull and dead.So where are we going to take this? Well, first I figured the verse is going to have to be twice as long as I originally figured, because if you're starting with an image that thick, you have to get into some detail about it. “It's been hot for seven weeks now / Too hot to even speak now / Did you hear what I just heard?” That last line came after some deliberation. It's a pregnant line, sort of like a leading tone in a harmonic development.The success of the endeavor, if you're working with a lyricist, depends on how closely the lyric marries the music. With Barlow or Gerrit Graham or whoever, there's a lot of back and forth. I guess I get to be the decider, because the words are going to have to come from my lips. And so I have to be able to tell the story.I have to be that character, because my job is to get the hell out of the way and let the character tell the story, musically and lyrically. When I'm standing in front of the microphone, I may look like me, but I'm not.If the character arrives with a really defined face and features, then it's easy for me to do my job.Fun version because almost always a first set closer and here it is opening the show.  Love that.            236 times            First:  August 13, 1975 at Great American Music Hall, San Francisco, CA, USA            Last:  June 28, 1995 at The Palace of Auburn Hills                      The Palladium:  The Palladium (originally called the Academy of Music) was a movie theatre, concert hall, and finally nightclub in New York City. It was located on the south side of East 14th Street, between Irving Place and Third Avenue.Designed by Thomas W. Lamb, it was built in 1927 across the street from the site of the original Academy of Music established by financier Moses H. Grinnell in 1852. Opened as a deluxe movie palace by movie mogul William Fox, the academy operated as a cinema through the early 1970s.Beginning in the 1960s, it was also utilized as a rock concert venue, particularly following the June 1971 closure of the Fillmore East. It was rechristened the Palladium on September 18, 1976, with the Band live radio broadcast,[1] and continued to serve as a concert hall into the following decade.In 1985, the Palladium was converted into a nightclub by Steve Rubell and Ian Schrager, after their success with Studio 54. Japanese architect Arata Isozaki redesigned the building's interior for the club.[2]Peter Gatien owned and operated the club from 1992 until 1997.The Palladium closed in August 1997 following its purchase by New York University.[3] In August 1998, the building was demolished in order to build a twelve-story residence hall that students affectionately referred to as Palladium HalThe Dead also played there when it was called the Academy of Music in a series of seven shows on their way to Europe for the '72 tour.  One of the those shows, the entire March 28, 1972 performance plus selections from March 25, 1972 and March 27, 1972 were released as Dick's Picks Vol. 30This five night Palladium run, of which today's show was the second, is famous for a lot of reasons including the part of 1977 when the Dead put together a string of some of their best shows ever, peaking on May 8, 1977, just over one week later, at Barton Hall in Ithaca, NY.  All five of these shows are well played, great tunes, and a very grooving feel that you can still pick up off of the CD or down load 47 years later.  I had most of these shows on tape and wore them out from so much playing.  Love that they previously released this show as Download Series Vol. 1 and the new Dave's Picks release, No. 50!!, is the May 3, 1977 show including some extra songs from the next night as well as the annual Dave's Picks Bonus Disc that is even more songs from the May 4th show).  If you are not listening to Dave's Picks, you are missing out on quality recordings of some of the best shows ever.How hot was the band, check out this extended jam at the end of ½ Step, the second to last song of the first set (ending with a great Promised Land) and be sure to listen for Jerry and Keith going back and forth throughout this clip:                                             SHOW No. 1:                    Mississippi ½ Step                                                Track #11                                                7:06 – 9:29 Garcia/Huner tune released on Wake of the Flood in 1973.  Also live versions included on Steal Your Face, Dick's Picks Vol. 1, Without a Net and who knows how many other Dick's/Dave's Picks releases, etc.  If you want to hear it, you can find it, easily. First performed July 16, 1972 at Dillon Stadium in Hartford, Connecticut. Followed "Me and My Uncle" and led into "Sing Me Back Home," which closed out the first set. A staple of the repertoire ever since. 236 times (exact same as Music Never stopped!)First:  July 16, 1972 at Dillon Stadium, Hartford, CT, USALast:  July 6, 1995 at Riverport Amphitheater Maryland Heights, MO Music News: Neil Young Tour  SHOW No. 2:                    St. Stephen                                                Track #1                                                              0:00 – 1:49 Blah Blah Blah, everyone knows about St. Stephen.  Dead's Fluffhead apparently.  Because of its true melodic nature and strong lyrics, it existed long outside and after the end of Primal Dead.  Still only played a total of 187 times:                 First:  May 24, 1968 at National Guard Armory, St. Louis, MO, USA            Last:  October 31, 1983 at Marin Veteran's Memorial Auditorium, San RafaelBut post Dead hiatus year, they started making song sandwiches often based around this song.  This four song sandwich at the end of the show is so good that I had to feature all of it at the expense of some other really great tunes like Bertha, Peggy O, Looks Like Rain, Promised Land, and any tune in the second set.  This sandwich is just too cool to ignore or not give it proper due. Here is the first layer change: SHOW No. 3:                    St. Stephen>Not Fade Away                                                St. Stephen                                                Track #19                                                4:10 – end                                                INTO                                                Not Fade Away                                                Track #20                                                0:00 – 1:15 Great switch out of St. Stephen and into an amazing opening jam of NFA. I wanted to try and catch the opening lyrics but the jam went on for almost 4 minutes which is too long even for these extended clips. MJ News Check out this next transition that they pull off seamlessly: SHOW No. 4:                    Not Fade Away>Stella Blue                                                Not Fade Away                                                Track #20                                                14:15 – end                                                INTO                                                Stella Blue                                                Track #21                                                0:00 – 1:30 Beautiful how they downshift on cue from the raucous NFA into the gentle and beautiful ballad mode required for Stella Blue.  Jerry's voice is so strong and clear.  Really a treat. Not even getting to the last tune of the encore today.  Not enough time but had to close out the episode with the final sandwich transition, from Stella back into an immediate upbeat St. Stephen that is so strong I told Dan we could not edit out any of it!  What a great (almost ending) to such a great show.   Deadheads walked out knowing there were still 3 more to go!  Like going to bed and already being told the next day is a snow day! Thank you all for listening.  Please be sure to join us next week when I am joined by Rob Bleetstein of Grateful Dead Radio (show host), Pearl Jam radio and he is also the Curator for the New Riders of the Purple Sage.  He is joining us to discuss, among other things, the newly released NRPS live album “Hempsteader”.  If you haven't heard it yet, check it out.  I'm looking forward to hearing from Rob how this was all put together and what the NRSP are up to these days. Also, a Birthday shoutout to very good buddy, Sam who is turning old tomorrow.  At his age, the actual number doesn't matter but we love him anyway. ENCORE:                            Stella Blue>St Stephen                                                Stella Blue                                                Track #21                                                7:50 – end                                                INTO                                                St. Stephen                                                Track #22                                                Start - end .Produced by PodConx Deadhead Cannabis Show - https://podconx.com/podcasts/deadhead-cannabis-showLarry Mishkin - https://podconx.com/guests/larry-mishkinRob Hunt - https://podconx.com/guests/rob-huntJay Blakesberg - https://podconx.com/guests/jay-blakesbergSound Designed by Jamie Humiston - https://www.linkedin.com/in/jamie-humiston-91718b1b3/Recorded on Squadcast

Kevin McLaughlin, Co-Founder and Creative Director and Mary Ellen Coyne, CEO, are the dynamic duo behind J.McLaughlin.   Kevin McLaughlin is the creative force behind the impeccably designed clothing and accessories at J.McLaughlin. In the late seventies when Kevin and his brother opened their first shop on 74th Street and Third Avenue in Manhattan, it immediately became the post-brunch destination for the Ivy League JG Melon crowd. Kevin's taste and design sense have guided the J.McLaughlin collections since the first store opened. Each season he introduces new pieces that clients regard as instant icons: an amusing new hand-embroidered detail on crisp cotton swim trunks or a fresh and sassy variation on a traditional Glen Plaid skirt.   Mary Ellen Coyne is the CEO of J.McLaughlin, a timeless lifestyle brand with a legacy of style and a spirit of connection with stores on some of the most picturesque main streets in the US. Coyne joined J.McLaughlin in 2016 as the brand's first female CEO and oversees all aspects of strategy and operations including merchandising, product development, marketing, retail expansion, and e-commerce. Under her leadership, J.McLaughlin has launched new product verticals including swim and footwear, enjoyed robust retail expansion, and launched a brand refresh.   Interviewed by Kate Doerge.

Why does a mysterious Lady in White inhabit a home on Third Avenue in Franklin, Tennessee? The origins may lie in a tale about a woman who decided to cancel her wedding at the last minute.Join us and find out about the haunted history of the Corn House. Don't forget to check out Southern Ghost Stories: Franklin, Tennessee for more eerie tales.

I think it's fair to claim that this week's Happy Half Hour guest is the most special visitor we've ever had on the podcast (which is saying something): Jason Mraz, the two-time Grammy Award–winning singer and songwriter who has gone platinum and multi-platinum in more than 20 countries. His tune “I'm Yours” also surpassed one billion streams on Spotify and was the most-streamed song by a solo artist in the naughts. His eighth album, Mystical Magical Rhythmical Radical Ride, dropped last June. In other words, he's kind of a big deal. Mraz lives in North County's greater Fallbrook area, where he runs Mraz Family Farms, providing companies like Chipotle with a steady stream of San Diego County–grown avocados (and providing this podcast with great talking points). In addition to chatting about his coffee farm and avocado-growing prowess, Mraz shines a light on his upcoming Kaleidoscope community concert, which will take place at the California Center for the Arts, Escondido, on Saturday, February 17 at 7 p.m and on Sunday at 3 p.m. Tickets will be available via JasonMraz.com this Friday, December 15th at 10 a.m. PT. Mraz will hit the stage alongside performers from eight local arts organizations: A Step Beyond Dancers, Banding Together, Diversionary Theatre, Monarch School Project, San Diego Young Artist Music Academy, Tap Fever Studios, Tierra Caliente Academy of Arts, and Wheelchair Dancers. They're all beneficiaries of grants from The Jason Mraz Foundation, which is dedicated to improving access to the arts for kids. It's a cause close to Mraz's heart for obvious reasons, considering his long, successful career in the arts. We recap it all—the open mic performance that launched his career (which Troy almost missed in favor of a punk show), the Dave Matthews endorsement that helped catapult him to fame, and, of course, his fan-favorite turn on Dancing with the Stars. “Over the past few months, I pushed myself creatively, and physically more than I have in decades,” Mraz says of his time on the show. “I revisited what it was like to be a beginner in the performing arts, to immerse myself in something completely new, finding strength, joy, self-acceptance, and pride as I learned and grew every week.” And Mraz isn't the only one experiencing growth. We offer reports from the front of San Diego's ever-expanding restaurant scene: First of all, a hell of a lot of fried chicken is coming to town. South Korean Fried Fave BHC Chicken will open in Sorrento Valley and Dave's Hot Chicken will open its sixth location in Mission Valley. Plus, tapas and small grower wine spot Finca launched in North Park with a crew formerly from Juniper & Ivy, and Priscilla Curiel will open Mujer Divina on Chula Vista's Third Avenue. See you next week! More information on the Jason Mraz Foundation: https://jasonmraz.com/foundation/ https://www.instagram.com/jasonmrazfoundation/ https://www.facebook.com/JasonMrazFoundation/

On this week-in-review, Crystal is joined by Seattle Times City Hall reporter, David Kroman! Crystal and David dig into why Seattle is putting less money into new affordable housing project this year and how this week's launch of a second social housing initiative by House Our Neighbors may be appealing to voters wanting to see progress on the issue. Next, they discuss the pressure on Mayor Bruce Harrell to deliver results now that a City Council friendly to his agenda has taken office and how the new Council's relative inexperience was on display at initial committee meetings. Finally, the show wraps up with a troubling story of the for-profit Tacoma immigration detention center refusing to allow state inspectors access after hundreds of complaints about the facility's poor conditions. As always, a full text transcript of the show is available below and at officialhacksandwonks.com. Find the host, Crystal Fincher, on Twitter at @finchfrii and find today's co-host, David Kroman, at @KromanDavid.   Resources Harm Reduction in Rural Washington with Everett Maroon of Blue Mountain Heart to Heart from Hacks & Wonks   “Why Seattle will fund fewer new affordable housing projects this year” by David Kroman from The Seattle Times   I-136 Let's Build Social Housing | House Our Neighbors   “Seattle's social housing developer proposes payroll tax on ‘excess earners'” by David Kroman from The Seattle Times   “New Social Housing Initiative Would Tax Business to Fund Up to 2,500 Over 10 Years” by Hannah Krieg from The Stranger   “A council of allies in place, Seattle Mayor Bruce Harrell feels pressure to deliver” by David Kroman from The Seattle Times   “Watch: New Transportation Committee gets intro from SDOT, CM Kettle puts foot in mouth” by Tom Fucoloro from Seattle Bike Blog   @KromanDavid on Twitter: “Councilmember Rob Saka: "Ideally I'd like to have an across the board auditing of the entire city budget, but I am mindful that that is very costly and a time intensive activity. It's not practicable or feasible this year."”   “State inspectors denied entry to privately-run immigration detention center in Tacoma” by Grace Deng from Washington State Standard   Find stories that Crystal is reading here   Listen on your favorite podcast app to all our episodes here   Transcript [00:00:00] Crystal Fincher: Welcome to Hacks & Wonks. I'm Crystal Fincher, and I'm a political consultant and your host. On this show, we talk with policy wonks and political hacks to gather insight into local politics and policy in Washington state through the lens of those doing the work with behind-the-scenes perspectives on what's happening, why it's happening, and what you can do about it. Be sure to subscribe to the podcast to get the full versions of our Tuesday topical show and our Friday week-in-review delivered to your podcast feed. If you like us, the most helpful thing you can do is leave a review wherever you listen to Hacks & Wonks. Full transcripts and resources referenced in the show are always available at officialhacksandwonks.com and in our episode notes. If you missed our Tuesday topical show, I welcomed Everett Maroon of Blue Mountain Heart to Heart for a conversation about how the opioid epidemic has impacted rural communities in Washington, the damaging role of stigma, what harm reduction is, and why it's so important. Today, we're continuing our Friday week-in-review shows where we review the news of the week with a co-host. Welcome back to the program, friend of the show, and today's co-host: Seattle Times City Hall reporter, David Kroman. [00:01:22] David Kroman: Hello. Thanks for having me. [00:01:24] Crystal Fincher: Absolutely. Thanks for being here. Well, there is - been a decent amount of news this week. We will start off talking about news you covered about why Seattle is funding fewer new affordable housing projects this year. What's happening and why are they seeming to step back here? [00:01:45] David Kroman: Yeah, it's interesting, and I would say kind of concerning for the general affordable housing landscape. So back to as far as 2018, Seattle has always made these annual announcements of how much money they're going to be putting towards affordable housing. They pair it with federal tax credits and private donations, but it usually ends up being over $100 million a year. Last year, for example, it was $147 million - I think it was about that the year before. This year, the award is only $53 million for new affordable housing projects - that stands out because voters just passed a new housing levy that's triple the size of the one before it. There is still money - less money, but there's still money - coming in from the Mandatory Housing Affordability program. And there's also the JumpStart payroll tax, which is supposed to go towards housing. So all those things together would suggest there's a lot of money for new affordable housing, but the problem is that a lot of the projects that the city has funded in the past are struggling with their finances. The combination of interest rates and some wonky details about what loans they're on mean that these 70 projects or so that are in the works, or at various stages of development, need something in the order of $90 million to prop them up. So it's a frustrating reality for people in the affordable housing world because they want to be building new housing, they want to be putting new units on the market. But because of just the nature of construction industry and where interest rates are at, a lot of that money is getting sucked up into basically paying for housing that we thought we'd already paid for. [00:03:17] Crystal Fincher: So does this money that is usually allocated annually - does it only go to the construction? Does it ever go to propping up other projects? Did this happen by surprise for the city? It doesn't seem like it was telegraphed that it would be this much of a hit. How did this change come about? [00:03:36] David Kroman: Yeah, the Office of Housing always helps out with operations and maintenance, and they see that they have a certain obligation not to just fund the construction, but to make sure that the buildings that they're helping fund function properly and can actually house people. I don't think it's uncommon that they go back and help out buildings that they'd already funded. As far as I know, though, it has never gotten to this size. It was telegraphed actually a few months ago - their initial announcement of how much money would be available suggested that it was going to be quite a bit smaller. I think people thought there were some more technical explanations for that. But what's really happening - in affordable housing, there's basically two loans that these affordable housing buildings get. There's the construction loan, which is what they get to put up the building. And then there's their final loan that they convert to once they've leased up enough of their units and are bringing in enough rent - because, despite the fact that it's affordable housing, the calculations that the banks make around these still require that they're collecting some level of rent from their tenants. Usually that process takes two or three years for them to convert from their construction loan to their final loan. But for a lot of reasons, they're just having a really hard time doing that. They're having a harder time filling their units - I think that's probably worth following up on why that is exactly. And then they're having a harder time collecting rents - some of that does go back to some of the pandemic era policies that were intended to stabilize people in their rental apartments. So they're not able to get to the point where they can get off of their construction loan. And that is a really bad loan to be on for a long period of time, just because the rates and interest rates on those are way higher. And so I think that reality is just coming to pass this year, that basically every single one of these projects is functioning on a construction loan. But if the Office of Housing didn't go back and help them weather this storm, then we're looking at a much worse problem, which is affordable housing buildings that have already been built and people are living in them - but them just basically going belly up or needing to be sold. And so kind of a rock and a hard place for the Office of Housing - they have a choice of spending on new buildings or helping out the buildings they've already funded. The choice in some ways is fairly obvious because you don't want to lose these buildings you've already built. But it does mean that future projects take a fairly significant hit. [00:05:48] Crystal Fincher: Well, it does look like that and it's important to keep these projects moving and healthy so that they don't go belly up or cause a large amount of destabilization in the market. But looking forward, especially with this hit to new affordable developments in an already-crisis level situation with housing affordability, the need for more units to be added - what kind of long-term impact does this look to have? Are we looking at a similar situation next year where we could be looking at a further hit? Is this a permanent injury to affordable housing funding, at least for the short to midterm? [00:06:28] David Kroman: Yeah, it's a good question. I'm not sure, but I do know that something fairly material would have to change between now and next year to make sure that this isn't a problem anymore. The number of units in a building that have to be leased up and collecting rent is like 90%, so it's really high. It used to never be a problem, but it seems like a lot of these buildings are hovering around 80% occupancy/rent collection. So unless the City has some trick up its sleeve for making sure that these buildings are 90% leased up and the people who are in them are paying that rent, it sets up a situation that is out of the City's hands because these are banks making these calls on whether or not they qualify for these cheaper loans. It's not like the City can pass some law that requires the banks to give them a cheaper loan. And so my guess would be it's not a problem that will go away in a year and probably will come up again this time next year. In the past, this has just never been a problem because, unfortunately, affordable housing is in such high demand that banks have never even thought twice about whether or not an affordable housing development would hit 90% occupancy and payment. The deeper concern here is that as banks see that that assumption is maybe not holding up as well, they might be more hesitant to write these loans in the first place. The only sort of cold comfort, I guess, is that this is not really a specific problem for affordable housing. I used to cover transportation - any transportation project is having these massive cost overruns and problems with construction projects too. And so maybe there's a little more leniency on the part of the financers because they understand that this isn't just some negligence on the affordable housing providers part, it's just the reality of the construction industry right now. But that doesn't mean that it's going to start being cheap anytime soon. [00:08:13] Crystal Fincher: Right - that's almost the takeaway. Everything about building housing right now seems expensive and growing more expensive. Inflation has definitely hit every element of it and interest rates are higher than they used to be, and just everything seems to be contributing to a higher overall cost. And so that's a challenge that we're going to have to figure out how to deal with, especially as it would be one thing if this were 15 years ago - We need to make plans because this is going to become a problem if we don't address it appropriately. But this now is a problem, a major problem, crisis level, where from the legislature to different cities are all acknowledging that we do have to build more residential units - at minimum - in addition to a variety of other policies, in order to prevent rents and housing costs from continuing to skyrocket. So here we are again, but not enough money is currently budgeted to go around. Is this a money issue? I know there's also a big budget deficit that they're in the process of beginning to deal with. Did the money just run out? Is this a matter of priorities? [00:09:21] David Kroman: Yeah, there is one lever I think that the City could pull and is pulling that could actually help this a little bit, which is one of the problems is the permitting timeline - for anything really, but affordable housing included - it used to be a year and a half basically just to get all the permits. There has been some legislation passed recently to exempt some affordable housing projects from design review in an effort to speed things up. That could help because then you're not sitting on a piece of property without actually being able to do anything with it. But yeah, it is a money problem because what it is at the end of the day is just things are costing more. The problem is every time there's a property tax levy in Seattle, the specter of levy fatigue is raised. So far, Seattle voters have never hit that - they have handily passed pretty much every property tax levy put before them. But there is, to an extent, an upper limit on how much in property taxes Seattle officials are going to feel comfortable asking voters to fund affordable housing. And if more than 50% of their money is going towards projects that they already thought had been funded, suddenly the political scenario starts to feel a little more fraught. Meanwhile, the other two funds that the City relies on for affordable housing are also no longer guaranteed solid funds. The Mandatory Housing Affordability pot - that depends on there being a lot of development in the City of Seattle. And of course, we've seen permits for new development plummet, which means there's just not going to be as many contributions from private developers toward affordable housing. And then the JumpStart payroll tax, this new city council is thinking already about this $230 million budget gap that you mentioned, and are not the friendliest to the idea of a business payroll tax. And so shifting the JumpStart tax from pure housing purposes to basically budget relief is very much on the table. And I think nonprofit housing developers understand that. So the problem is that in addition to the housing levy, which is robust and large, not going as far as they had hoped, combined with these other two sources of funds either declining or perhaps being repurposed for political reasons, in general, creates a lot of uncertainty among nonprofit housing developers. [00:11:23] Crystal Fincher: It does. We will continue to follow this. Thank you for covering that so comprehensively. Well, and that leads into news this week that House Our Neighbors launched a new social housing initiative, basically Part 2 of their initiative process that they talked about before. What is House Our Neighbors? What did the first initiative do? And what are they launching with this initiative that they just filed? [00:11:51] David Kroman: House Our Neighbors is the political side of Seattle's new social housing developer. 2023, they ran an initiative that set up this public developer that was theoretically going to take money and then either buy or build buildings. On its surface, it sounds a little bit maybe like Seattle Housing Authority, but their focus was going to be on mixed income or housing for not necessarily the poorest residents - 80% to 120% AMI. The idea being that if you're trying to raise a family in Seattle, it's really difficult because it's very, very hard to find two-, three-, four-bedroom affordable apartments. This would fill that gap that they see is missing between the market and government provided subsidized housing. The complaint or pushback on the last initiative was that there weren't any funds to do any of that work. That was intentional on the part of the people who ran the campaign because there are concerns about violating the state's rules against having multiple subjects in one initiative. So this new initiative that they're running would be that second step. It would provide a funding source via a tax on businesses with employees earning more than a million dollars. Their hope is to raise $50 million a year and buy or build around 2,000 units of social housing. I don't know that their announcement was coordinated with the Office of Housing's affordable housing announcement, but the two things certainly are related to each other. [00:13:11] Crystal Fincher: Yeah, definitely. And with social housing, it's designed to be permanently affordable, government-owned, mixed-income housing that insulates itself, basically, because it's not part of the private market - where we just got done talking about all of the factors causing price increases in the private market. But because this is public, government-owned, it can move forward with a different model that is conceivably more insulated from market forces, in addition to not having profit pressure attached to it - helping to keep it more affordable with mixed incomes where people paying into the pot help fund the affordable housing for everything else. This did pass in the City of Seattle. And as you said, this was a two-part initiative process. The first part was on whether we were going to establish this public developer. And now comes the time to fund it. So when it comes to funding, what is the funding mechanism? And why was this chosen? [00:14:15] David Kroman: Yeah, the funding mechanism is similar to the JumpStart Tax that we were talking about before, which is it focuses on companies that have an employee making a million dollars or more. And I think the thought behind this - if you think back to the contentious Head Tax debate, which was targeting overall revenue of a business and trying to tax that, that became really contentious because you have businesses like grocery stores that have really high revenue, but super thin profits. So when you have Uwajimaya, for example, testifying against this tax as a beloved local business, people get kind of queasy about it - it basically failed because of that. The argument here is we're not really focusing on the overall revenue. We're focusing on whether or not they have employees that they're paying over a million dollars, because that suggests - if you can pay somebody a million dollars or more, you should be paying some tax on that. And it's a marginal tax, so the first million dollars of that person's salary are not taxed - it's everything above that that is taxed. The City's payroll tax exempts grocery stores and healthcare businesses, or at least healthcare businesses have waiver for a few years. This one doesn't do that. This targets any business that's paying people a million dollars or more. The exact number of businesses that that includes is a little murky. They relied on a couple past legislative efforts at the state and city level to come up with their calculations. If it passed, we'd get a little more sense of who would actually have to pay this tax, but that's basically how it works. [00:15:33] Crystal Fincher: So what they're referring to is an 'excess earners' tax, and it'd be a 5% marginal payroll tax. As you said, if they had an employee making $2 million, the tax would not apply to that first million. It would only apply to the one million above that at a rate of 5%. They're estimating with that revenue source, they could acquire or build 2,000 affordable units over 10 years. What is the timeline for this initiative now? What do they have to do in order to qualify and get it on the ballot? [00:16:06] David Kroman: They have set 30,000 signatures as their goal, and they want to get it by June - because if they got it in by June, that would leave the current city council no choice but to put it on the November ballot. And anybody who's trying to do a more left-leaning progressive initiative wants to get their measure on the November ballot because turnout in Seattle is going to be probably 80% - it's a presidential election - and the progressives of Seattle figure that more turnout favors them. So the goal is November '24. But they said that if for whatever reason they didn't get there, they would run it anyway at a later ballot date. I just think politically, that would be a little more challenging for them. [00:16:40] Crystal Fincher: Yeah, definitely. They just filed the initiative. So that process for the initiative to be approved, get to the signature gathering process will be commencing. How does this fit in, in the general overall landscape? Tiffani McCoy, who's the policy and advocacy director with House Our Neighbors, talked a little bit about this happening because there is either not a plan or a deficit in the ability to deliver the amount of housing we need and the type of housing we need at scale. [00:17:11] David Kroman: Yeah, it fits in because the affordable 80% to 120% AMI - there is just not really anybody interested in doing that right now. There have been some one-off projects around the city where a developer, out of the good of their own heart, has said that their building is going to be affordable to a certain level - workforce housing. But you're really relying on individual developers being interested in doing that. Usually those come with time limits, so they guarantee it for 30 years or 40 years or something like that. And then as we talked about before, there's Housing Authority and Office of Housing - it's a small lane, but there is a lane for 0% to probably 60% AMI. But when voters are approving a property tax levy, they're not quite as interested in building housing for people who are making up to $80,000 a year. But when you're looking at how expensive it is to live in Seattle or what the median income is, those people are having a hard time finding places to live and especially raise families in Seattle. And so that is more who this effort is targeted towards, which is fill that gap between 0% to 60% AMI and then 200%+ AMI housing, which there's just not a lot of people out there building that kind of housing right now. [00:18:21] Crystal Fincher: Right. And that matters so much because that is related to a lot of the staffing shortage talk that we hear about, whether it's teachers or bus drivers or healthcare workers or - across the board, we're hearing about workforce shortages, particularly in the City of Seattle and surrounding areas. And a big piece of that puzzle is that people just can't afford to live in the areas where those jobs are. It's way too expensive. So you have people moving further and further out, making it harder to commute in for a job, or just finding a job elsewhere outside of the city. And so housing affordability is an important element in just these conversations about our overall economy, including workforce strength and availability. It is absolutely related to those challenges. So once they made this announcement, the Seattle Metropolitan Chamber of Commerce immediately make a statement that opposed it. I don't know that this opposition was necessarily surprising, but it was an immediate reaction. How did they respond? [00:19:30] David Kroman: No, not surprising at all - they took the JumpStart Tax to court. They clearly don't like payroll taxes on businesses. Their argument was they supported the Housing Levy and they support some level of voter-agreed-upon property tax to build housing for the poorest people. The Chamber's line, and this has been their line and that of other businesses since at least back to 2017 when the first Head Tax debate came up, is this all comes down to supply. That the real issue is that Seattle is zoned in a way that you just can't add more supply, especially in the 60% or whatever it is of the city that's zoned for single family homes. So their argument is you are asking businesses to try and address a very small part of a much larger illness. And in so doing, you're not going to get us to where the city actually needs to be. And at the same time, you're going to materially hurt these businesses at a time when it has been, at least for some of them, sort of a difficult period. I think the counterargument is it has not actually been that difficult of a period for businesses like Amazon. And if you're paying somebody over a million dollars, something must be going okay for you. But I think the Chamber's position does kind of go to this point, which is - you're talking about a symptom when the real cause is just that we have built a system that doesn't allow for new housing construction. [00:20:42] Crystal Fincher: Yes, and it would be less ironic if they didn't seem to also oppose a lot of the rezoning and necessary new construction for that. But I guess it's a comfortable position to be in when you can just oppose things that seemingly have to do with each other. But I do think that's part of the reason why this passed in the first place. This passed after several years of seeming opposition and defeat of efforts to make things more affordable overall, including housing, especially those that are funded with taxes. And that has been a big point of contention between the Chamber and other folks there. The Chamber traditionally takes a - Hey, just don't tax us approach. A lot of their financial support of candidates in elections seems tied to their willingness or unwillingness to tax business. So this has been a long-standing divide that we have here. But I wonder if they've ever wondered if that long-standing hesitance to do that, in the face of skyrocketing costs borne by the regular residents of Seattle and surrounding areas, might have something to do with the alternatives becoming more popular to the point where they pass this in Seattle. So it'll be interesting to see how formal and robust the opposition to this initiative is. But it does seem like this is an alternative that the residents of Seattle are looking at. And as we look forward, especially if the JumpStart Tax is raided for the general fund, some of the other mechanisms that the legislature is looking at right now don't end up coming to fruition - this may be one of the only avenues where it looks feasible that something can actually happen, that there can be funding for, and that we can start to make up some of the gaps that are reopening here in some of the other areas. How do you see the prognosis for this moving forward? [00:22:42] David Kroman: Yeah, I think you're right that this is a lot of voter response to an intractable problem. I think it is true that the underlying problem is supply - I think that's hard to dispute at this point. It's just there are a lot of people coming into the city and just not enough housing for them. And so then, therefore, even old, run-down housing is being competed for - rich people are outbidding people of lesser means for housing that you would not necessarily associate with rich people. A lot of that is enabled by the fact that most of the city - it's just cast in amber and there cannot be any added density. So at a time when the city's population is growing, you've got certain neighborhoods in Seattle where the population is actually decreasing, and I think that is what is driving a lot of rent increases. I think the reaction, though - the problem is now, the struggles are now - and so it's all well and good to diagnose the deep problem and look back at what the city should or shouldn't have done, or what the city should be doing to help this problem in 10 or 15 years. The city could upzone across the entire city tomorrow, and the construction environment - as we just talked about - means it's pretty unlikely that you're going to see a huge influx immediately of new housing and density because it's just not a great time for building new stuff. And so I think that then causes people to look for alternative options. And this is one of them, which is a more direct taxation to construction that is divorced from - well, not entirely divorced because we talked about the problems facing the nonprofit housing world, but more divorced from market forces that, again, perhaps should have been addressed a long time ago. But even if they were addressed tomorrow, would take years, decades, perhaps, to really show meaningful improvements in the affordability of Seattle. And so I think that is why these solutions that the Chamber doesn't like - because they are not market solutions, they are taxation solutions on their clients and the people that they represent, but that becomes more appealing because people want to make some immediate progress in the next year. [00:24:38] Crystal Fincher: Absolutely. Well, we will continue to follow that story and the initiative and see how it goes. I also want to talk about a piece that you wrote this week about Seattle Mayor Bruce Harrell, titled, "A council of allies in place, Seattle Mayor Bruce Harrell feels pressure to deliver." I think that pressure is an appropriate response - a number of commitments or what he ran on two years ago still has a lot of areas for improvement. I don't know that anyone feels that the type of progress that was indicated or promised has actually happened. But some of that was in his telling because he didn't have a great working relationship with the council - even though they have very distinct roles and responsibilities. But he's saying now, and part of what he said during the campaign - if we have a better working relationship, we could accomplish more. What did this story uncover, what did you talk about, and where does he stand on what he's accomplished and what he's looking to accomplish? [00:25:37] David Kroman: Yeah, I think it's perhaps not quite exactly like having a one-party President, House and Senate, but it's something like that. Because at least since I have been watching City Hall, I would argue that there has been no mayor who, at least on paper, has come into a more favorable political environment than Bruce Harrell does right now. Because he endorsed five people for city council - which I don't think Durkan or Ed Murray dipped that much of a toe into the political scene, so that alone was a big jump into playing politics - and then all of them won. And then he gets this bonus of another one of his opponents, Teresa Mosqueda, leaving to go to the King County Council. So basically he gets six new friendly people on the council, banishes all but Councilmember Tammy Morales as clear opponents to his agenda. And then more than that, if you've been watching the committee meetings in city council this year, their agenda items are what is the Seattle Department of Transportation and what does it do? They are just getting their feet under them. They are still trying to find where the bathroom is. Meanwhile, Bruce Harrell has been in City Hall for 14 years. So all of that added together means there is nothing in his way to basically do what it is that he has envisioned for City Hall. The question is - can he or will he do that? And also it kind of puts to test some of the narratives that were created around what the previous council was at fault for doing. Some of those I think could end up being true, but also I think some of the problems that we're talking about here - fairly complicated and don't just boil down to who exactly was on the previous city council. For example, police recruitment. The mayor has said he wants to grow the department to 1,400. It's a real question of whether the police department is ever going to be back to 1,400. But there's no longer the boogeyman of "Defund the Police" to fault for those challenges - now the rubber meets the road. Can a council that has explicitly said it wants to hire more police officers actually do that? And then if it doesn't, I will be curious to see how voters respond. Will they give him the same level of scrutiny that they gave the council the last few years? That will be interesting to watch. [00:27:35] Crystal Fincher: That will be interesting to watch. I do also find it interesting, from the perspective of his allies that we heard during the campaign, of stuff like "Defund the Police" and blaming some of the inability to achieve what they said they wanted to achieve on that, as if the council had been hostile. But if we look - particularly over the past two years - the council didn't pass up an opportunity to fund the hiring of more police officers. Functionally - policy-wise, budget-wise - they allocated all of the money that was asked for, they allocated bonuses related to that, yet they still ran as if this council was somehow hostile to that issue. It seemed, to your point, like the creation of a boogeyman that didn't exist, and certainly not since he's taken office here. Did that strike you as genuine reasons or reasons that really would have impeded him taking action on some of his priorities that he seemingly talked about? Well, it was because of the council that I couldn't. But on an issue like police funding, where council did provide the funding for that, where council did provide everything that was asked for to do that, yet there still wasn't progress - does that rest on the council or was that another issue? [00:28:51] David Kroman: Yeah, I think if you ask him and you ask the current council, they acknowledge - Sure, they didn't literally defund the police by 50%. And what they did "defund" was mostly a shuffling of the decks.decks -moved parking enforcement to SDOT for a while and they moved 911 to Community Safety. So the police department's budget shrunk, but those functions just moved to a different department. I think they acknowledge - yes, that they didn't cut them. But policing is an incredibly competitive recruiting environment. And I think their argument is. And I do think - yes, they didn't literally defund, but they were pretty public about some of their comments around the police. And I think that that probably had an effect on certain police officers' willingness to stay at the police department and others' willingness to come to the police department - can have a whole debate about the merit or harms of that, but I do think that probably played a factor. But at the same time, I think that there's a lot else going on around that issue of police recruitment that transcends just conversations around "Defund the Police" and what the previous city council did or didn't do. The mayor's office has had a budget for marketing for a couple years now. As far as we know, the recruitment environment has not improved. And so I think there are a lot of technical details that will slowly come out over Harrell's administration that show that the problems - while I do think that whatever the city council's previous image was, made probably a difference around that - I think there's a more complicated story around the mechanics of what recruitment actually looks like. [00:30:17] Crystal Fincher: Yeah, I tend to think that there's a more complicated story around the mechanics of recruitment, particularly because several surrounding departments, including those with staunch supporters of hiring police, of funding police, are also experiencing challenges with hiring. It's hard to find a department around that isn't saying that they're experiencing staffing problems. So it seems to go deeper, in my view, than just that. Can I absolutely say that their willingness to examine the budget four years ago had nothing to do with this now? No, I can't. Certainly conservative elements in talk radio and Fox News continue to make a lot of that and characterize "defund" as a current dominant thought, which I think is just demonstrably false. On top of that, just on that issue, with the understanding and the knowledge that even if you were to hire an officer today, it's going to be a year plus before they can actually be deployed on the streets because of their need to train and go through their requirements. Is there a plan in the interim? We're two years into Bruce Harrell's term now, and it doesn't seem like - okay, barring that, what are we doing? I don't want to say no plan. They introduced a limited partial trial of a co-response model for behavioral health through his new CARE Department. There is that going on in a limited way - would love to see that expanded so it's at minimum around-the-clock, but certainly more than a handful of officers and responders involved there. Certainly in the area of public safety, I think a lot has been examined there. Were there any other issue areas, whether it's homelessness, the City's environmental plans, economic development within the city, that he talked about wanting to deliver or work on in his next two years? [00:32:10] David Kroman: Harrell - I think he's going to be dripping these out slowly. But the thing that I would say stood out to me the most was his comments about the City's relationship to the county. We had seen some comments of his about, specifically the City's relationship to the King County Regional Homelessness Authority, leak out unintentionally over the last two years. Fairly clear that he took a skeptical eye toward that body. But now I would say the big change now that he has this friendly council and basically full control of the City Hall is he's no longer saying those things in private. He's being fairly public about - he has a skeptical view of the King County Regional Homelessness Authority. And he has a skeptical view of the amount of money that the City of Seattle is giving that body and whether it is doing what he wants it to do. He said basically the same thing about Public Health Seattle King County, which I thought was interesting. I had never heard that relationship come up as one that needed additional scrutiny. But he said that when it comes to the issue of fentanyl, that basically he thinks Public Health Seattle King County should be doing more, and he was wondering why they're not doing more. And so as far as specific policies or legislation he might introduce, I don't have a great read on that just yet. But I do think - and I've heard this from the new council members too - I wouldn't be surprised if we see a fairly dramatic rethinking of how the city and the county work together on some of this stuff. [00:33:25] Crystal Fincher: Interesting. Certainly, it seems like there might be some budget implications attached to that. That might be another reason why we are talking about this now, as the City looks to trim a couple hundred million dollars or make up for a budget deficit of over $200 million that they're facing. Has he been responsive, or did you get a chance to talk about some of the seeming inaction on some of those areas? There certainly seemed to be a number of promises as he walked in and optimism from a lot of people as he took office that - Hey, you're someone with a different vision who's looking to move forward on a variety of things, talking about One Seattle and the vision that he has for that. Has that resulted in or materialized in anything? Is he talking about doing anything specific with that? I think a lot of people are wondering just kind of overall what his plans are. [00:34:17] David Kroman: Yeah, I think so far this has not been the most policy-heavy mayor's office by any stretch. I think back to the Murray administration - before, of course, everything else came out - but that was an office that pushed super hard for the task forces around $15 an hour and housing affordability, the HALA committee, and they would lock people in a room and make them work it out. This is not that office. What we have heard from him is a lot of messaging and, I think, an effort to do perhaps not systemic things, but pushes around certain homeless encampments or priority policing around Third Avenue or 12th and Jackson. And it's kind of these hits and sort of giving a general message about what kind of mayor he is. I think he would perhaps point to some of the rules - tree canopy legislation or things like that. But I don't know that you can point to the first two years of his office and call it a major policy-heavy term. I think there's going to be more pressure on him to be a little more policy-minded in the next two years, because as we just talked about, he's not going to have to do nearly the amount of negotiation with this city council as he would have had to do with the last one. If he comes down to them and says - I think this is really important, we got to pass this. - pretty good chance he's going to get it passed without, there's going to be tweaks and I'm sure there's going to be some nods towards pushback or accountability. But at the end of the day, this is a city council that has kind of adopted the mayor's own One Seattle slogan. When he was on city council, too, I don't know that everyone would have pointed to him, as a city councilmember, as the most policy-driven. He had certain things that he focused a lot on around policing, or he was the one who pushed the hardest for body cameras. And he's pushed hard for some police technologies like ShotSpotter and things like that. But when he was on city council, he wasn't taking the lead on a lot of big, big policy swings. And so far, I would say that's mostly been true for the first half of his term. It's just he's going to have to show some big policy swings, I think, for these next two years - because I do think he's hyper-conscious of his own reelection campaign, is my sense. We didn't talk about that specifically, but I think he's interested in running for reelection. I think it's assumed he will run for reelection. And so he's going to have to build a case for himself to voters in two years from now. [00:36:28] Crystal Fincher: Definitely. I also want to talk about some of the firsts that we saw this week. We saw the Seattle City Council conduct their first committee meeting. The Transportation Committee, chaired by Councilmember Rob Saka, held its first meeting. As you talked about, it was very Intro to or Transpo 101, because these are a lot of new members who are not familiar with the way this functions, who are still just getting their bearings underneath them for how City Hall works, how legislation works, what SDOT does do. They are all very new and are not even coming into this with a policy background in the area that may help. So this is really starting from Step 1 here. What did we hear during this committee and outside of the committee - statements from members of the council this week? [00:37:19] David Kroman: Well, a few things that stood out to me. One, it's starting to hit home a bit that this is just an incredibly green city council. This is two-thirds of people who have not held elected office before - that's not to say that they have zero experience. Maritza Rivera, for example, was a department head, so she has spent some time in City Hall. But at the end of the day, some of the questions they're asking or getting briefed on are things like - What is the Sound Transit Board? Who decides where the West Seattle to Ballard stations go? - things like that. Not to say that they don't know those things, but that's the level that we're at right now in their committee meetings. So that was one thing that really stood out to me, which is - they don't have a lot of time to figure out a lot of these big problems. We're already a month in to the year because they had to spend the first month appointing a new member. Council President Nelson didn't schedule any committee meetings during that time. So it's February and we're doing the briefing meetings. I think that's going to be something to watch. We also heard, I would say - let's call it some acknowledgement of the reality of the situation. On the campaign trail, we heard a lot of talk about "auditing the budget." We really heard it in the applications to fill the vacant council seat, this phrase "audit the budget, audit the budget." It was never super well defined what they actually meant by audit. We heard from Councilmember Saka that a literal audit of the entire budget is something that would take a really long time and be really expensive. And he acknowledged that they're not going to do that, at least not this year. So that raises some questions around what they actually meant when they were saying we were going to audit the budget and how that is materially different from what happens every year with the budget - which is you review what you can, and cut where you think you can cut, and fund what you want to fund. So that was interesting - just there's a certain reality that comes with moving from being on the campaign trail to being in office. [00:39:06] Crystal Fincher: There is a reality about moving from the campaign trail to moving into office. Speaking personally and speaking as someone who is a political consultant, has worked with plenty of candidates. This is something that you hope candidates would have an understanding of while they're running. This is directly related to what their plans are going to be. Certainly, Rob Saka and other councilmembers were asked plenty of times on the campaign trail how they were planning to deal with this looming budget deficit. And part of the background of this is that, "Well, we need to audit the budget" issue - never sound credible or serious to a lot of people because, overall, just a citywide budget audit is not the thing. But as you said, the budget process is what that is. The budget process is continually reviewing, understanding, approving, modifying - what this funding is, how effective the funding has been - that's all part of the standard budget process of the City every year. And so a lot of it seemed like they were trying to avoid talking about what their plans were. They were trying to avoid taking a stance on particularly the progressive revenue that would be needed to close a budget hole like this. And the mayor put together a Progressive Revenue Task Force that came out with options that may seem doable - asked about those, the move from a lot of the candidates, especially the moderate to conservative ones, was to say - I don't know about that progressive revenue, but we really need to audit the budget before we do anything else. We need to take a look at exactly what's being spent where and see if it works and that kind of stuff. But I think we're arriving in another situation where if you actually come in with a plan about what you want to accomplish, that's one thing. If you're coming in trying to avoid talking about what you want to accomplish, that becomes really hairy - trying to contend with and explain once you're actually in office. So now the one thing that people heard you talk about, which seeing response certainly online following these comments, was - Hey, the only thing he talked about was doing audits. And now he's saying that - Well, they can't really do that, we're walking it back, it's not practical or feasible. One, that seemingly could have been something that when people pointed that out on the campaign trail, maybe they should have taken that to heart and come up with a more realistic plan. But also now that we're here, it just seems like maybe there wasn't the kind of understanding related to what they were saying. I hope future candidates look at that and take that under advisement. I hope voters look at that and again, look at the types of answers that you're getting - even though they may sound good in a soundbite, are they actually realistic? Will they actually get done what you want to see happen in the city? Or is it just a line that people are tossing out in order to avoid talking about something else, or because it sounds good as a soundbite? [00:41:57] David Kroman: Yeah, I would say this, though, about the budget. I don't want to sound like I'm defending the City's budget process too much because - it takes you a little while, but it's very easy to see where dollars are allocated, theoretically. It is much, much more difficult to know if those dollars are actually being spent in the way that the city council budgeted them for. We've seen this actually crop up in conflicts between the city council and the mayor's office, which is city council will budget a certain amount of dollars and the mayor's office - not this mayor's office, past mayor's offices - just won't spend it because it wasn't part of their priority. And I think you can look to that conflict and generalize it out a little bit. I don't know that there are great mechanisms to show for sure that when the city council puts money towards a certain thing, it's A) going to the thing that it was supposed to, going out at all - I do think there are probably some amount of dollars that are dedicated and not being spent for whatever reason. I don't think it's corruption or anything like that. It's just staffing and permit timelines or whatever it might be. And then of course, the final question of - So it's gone out the door, is it doing what it was intended to do? I think those are all questions that are probably worth asking. And I'm not sure are always asked in the fullest sense every year during budget. And so I agree that the use of the word "audit" was incredibly fast and loose on the campaign trail. Because when you say "audit," that implies something pretty specific. We have a Washington State Auditor. We have a City of Seattle Auditor. And they do audits, or you can hire people to do an audit. It's clear that audit in the most literal sense of the term is not on the table here because that costs time and money. Close scrutiny of whether the dollars that the City has allocated are being used in the way that people said they were going to - sure, I can buy that a little bit more. I don't know how you bring that more into the process than what's already there. To the new councilmembers' credit, I think there is room there to shed a little bit more light on that end of the budgeting equation than has been done in the past. [00:43:50] Crystal Fincher: Yeah, definitely agree with that. I think you raise a really important point. It's hard to do it comprehensively - doing a deep dive into everything is a challenging thing. I do think that those questions do need to be asked frequently, especially on these high priority items. We definitely have a number of examples in the Durkan administration where they just refused to spend money - if council funded something and it wasn't aligned with the priorities of the mayor's office, the mayor's office just wouldn't spend that money in some instances or would look to divert that money to another area that wasn't one of their policy priorities as they've identified. So certainly just because money is allocated, does not mean at all that it's being spent at all or spent effectively. And I hope council does take seriously their responsibility to make sure that what they intend to happen as they set forth does happen and that money isn't just sitting there - that should be working for the residents of the city. But we'll certainly see what happens there. Last thing I want to talk about today was a story that was really concerning about a for-profit ICE detention center in Tacoma blocking health and labor inspections. What happened here? [00:45:04] David Kroman: Yeah, this was news to me. It looks like the state had tried to pass a law that basically increased access to the ICE facility - a privately run jail, basically - for people who have come into the United States. Because, as we know, there have been a lot of complaints about that facility over the years, but it's always been a little bit of a he-said, she-said situation because there's just such limited access in a way that - not to say that the state or city or county jails are in great shape, but lawmakers have an eye into those places and can see what's going on in there. They just don't with this facility because it's private. And so this bill was supposed to allow that access, but it seems like the GEO group that runs the prison is fighting them super hard on it in court and even barring people from entering. And this is pretty new to me - it seems pretty concerning - something that if you were a lawmaker, you might want to follow up on. [00:45:52] Crystal Fincher: Yeah, these complaints, there were hundreds of complaints - over 200 just between April and November of last year - stuff like insufficient food, misuse of solitary confinement, clothes rarely laundered and returning when they were supposedly laundered wet and dirtier than before, detainees with mental health issues being refused clean clothing. Medical issues, including stroke, paralysis, asthma, internal bleeding. One instance, a detainee with a broken arm was only given ibuprofen and not a cast for days after the incidents. When you talk about the types of violations that can happen when you have people who are 100% under your control, who you control their access to everything - the possibility of denial of that is egregious and atrocious. And so you do have to follow the laws of the state. Representative Lillian Ortiz-Self is trying to work through legislation to ensure that the state can inspect and examine what is happening here so it gets out of the world of he said, she said, and to ensure that they're following the laws of our state. And they've refused. So it is really concerning. A law was passed in 2021 aimed at shutting down the detention center by 2025, but that was ruled unenforceable. It just really is scary to think about - that we have these facilities responsible for people's care, basically, while they're being detained just seemingly unaccountable to anyone, with really catastrophic impacts on people who are jailed or detained here in this situation. And sometimes I'll hear people very flippantly - If they didn't want that to happen, then they shouldn't have done something to land in there in the first place. One, I think it might surprise people, the amount of seemingly innocuous things that can land someone in there. But regardless of how they landed in there, these are still people in the care of the state. And the detainment is what has been called for there, so they're being detained. But that doesn't mean that abuse, neglect, mistreatment is in any way justified. It is never justified. And I just think that we need to look at these things seriously. And when we hear about facilities, with the responsibility on behalf of the state, where they can control people's access to the necessities of life, that we should hold a higher standard than the average private company out there. And it really is just infuriating to me that we seemingly land in these situations where we have people being mistreated and they just seem to not care about the law - it's about the profit - and regardless of how people suffer at their hands in the process of it, I just - these types of stories really get to me. [00:48:54] David Kroman: Yeah, and I think it's why people are so concerned and looking for ways to get more eyes on the private prison industry - just because it is a constitutional right that people, even incarcerated people, have healthcare and food and not inhumane conditions, but just a little harder to make sure that it's not happening when the prison doesn't necessarily need to answer to the voters. [00:49:17] Crystal Fincher: Yeah, absolutely. Hopefully that is something that will change soon. And with that, we thank you for listening to Hacks & Wonks on this Friday, February 9th, 2024 - it's my mom's birthday today, as we're recording this February 8th. The producer of Hacks & Wonks is Shannon Cheng. Our insightful co-host today was Seattle Times City Hall reporter David Kroman. You can find David on Twitter at @KromanDavid, that's K-R-O-M-A-N, David. You can follow Hacks & Wonks on Twitter at @HacksWonks. You can find me on all platforms at @finchfrii, with two I's at the end. You can catch Hacks & Wonks on Apple Podcasts, Spotify, or wherever else you get your podcasts - just type "Hacks and Wonks" into the search bar. Be sure to subscribe to the podcast to get the full versions of our Friday week-in-review shows and our Tuesday topical shows delivered to your podcast feed. If you like us, please leave a review wherever you listen. You can also get a full transcript of this episode and links to the resources referenced in the show at officialhacksandwonks.com and in the podcast episode notes. Thanks for tuning in - talk to you next time.

In case you haven't noticed, we just debuted our first-ever issue dedicated to all things South Bay. On February 25, we are also holding our first Taste of South Bay food and drink extravaganza at Novo Brazil Brewing in Imperial Beach. In conjunction with that, we're also asking various South Bay food folks to come on to the HHH podcast to talk about all things south of the border…of the city of San Diego, that is. This week, we asked to chat with Jose Barajas, a television chef and the owner of Mmm…Cakes, a Golden Girls-themed bakery and coffee spot on Chula Vista's Third Avenue, near F Street. It opened in 2021 after a huge Covid derailment, a familiar tale—it was originally supposed to open in March or April 2020. And all of that after 15 years of baking in his home studio, as well as other area hotels and bakeries, culinary production teams, and on camera on several Food Network and TLC shows, like The Next Great Baker and Gingerbread Showdown. Mmm…Cakes' decor is over-the-top, as one would expect from a Golden Girls-laden cake shop. It's tropical, decadent, and loud, and it's even got a vintage Tiffany lamp (Barajas told me he bought it on Amazon for a steal). “You know,” he says in the episode. “It's gotta be good for the ‘gram!” We talk about his various inspirations and just how much damn fun it is to hang out there. Readers of the magazine can also get a peek at our host Troy Johnson's food feature this month, which shows a few gorgeous images of the space and Barajas' confectionary creations. Barajas shares his humble beginnings cooking at home with his mom, who decorated cakes. “I started off young, not so much cake decorating, but just cooking. Then my mom started working, and she said, “You're helping me, so that was that.” He says he took to it because he wasn't such a great student, but he was super into his art classes. It stuck. When he eventually started working as a dishwasher in a sushi kitchen, moving up the ranks to eventually start training as a sushi chef, he found out he had been accepted to culinary school. One baking class later, and the rest is history—Barajas is a cake guy now. We also chat about his long television career, during which he thrived on camera but especially in production, owing to his recipe he developed while at culinary school and then in his own professional kitchen. He also talks about some of his favorite spots in South Bay, and marvels at how far downtown Chula Vista has come. In food news, Tara Monsod of Animae was nominated for a James Beard award. She's a semifinalist for Best Chef California and is San Diego's only nominee, and Tacos El Franc is coming to National City. Earlier this week, we broke the news that the famed Tijuana taco spot will open its first U.S. location at the Westfield Plaza Bonita mall this summer, replacing Funky Fries & Burgers (we'll call that an upgrade); CH Projects opened LouLou's at The LaFayette Hotel and temporarily closed the beloved Starlite for renovations; downtown's Lavo shutters after just over a year in the former Searsucker location; and a food website called “LoveFood” named Smoking Goat's fries the best in California. We then discuss the merits of truffle fries. Thanks for tuning in. See you next week!

Two other Christmas MiraclesFirst, Duffy's Tavern starring Ed Gardner as Archie, originally broadcast December 22, 1948, 75 years ago, Miracle on Third Avenue. Archie is depressed after not getting a Christmas bonus until a stranger pays him a visit. Jeff Chandler guest stars in an uncredited role. Then Grand Central Station. Originally broadcast December 24, 1949. "Miracle For Christmas" starring Mason Adams. An emergency room doctor shows up on Christmas Eve. But there are some problems.

Update: An arrest has been made in the theft of extension cords in Cedar Rapids. Read that update here.– How the Grinch stole Christmas — one power cord at a time– Iowa Area Education Agencies face ‘comprehensive review'– Satanic Temple display at Iowa State Capitol sparks free speech debateYou are listening to The Gazette's Daily News Podcast on Thursday, December 14, 2023. On this podcast, we give you quick bites from the latest headlines coming out of The Gazette newsroom. I'm Bailey Cichon filling in for Stephen Schmidt.Extension cord thefts in Cedar Rapids are leaving public holiday light displays dark. Cords have been stolen from downtown's Greene Square park and at NewBo City Market. The first theft happened after lights were turned on Dec. 1 for the annual city tree lighting. Cords that lit trees around Greene Square were stolen. The Christmas tree in the park has not been touched. The Cedar Rapids Economic Alliance spent $300 to replace the cords, which were chained and zip tied. But the Grinch struck again and new cords were stolen along with a city-owned transformer used to illuminate the large snowflakes around the park.Between Thursday and Friday last week, extension cords were stolen from two light displays at NewBo City Market. Another theft occurred between 6 and 7:30 a.m. on Tuesday at the parking lot next to the Paramount Theater on Third Avenue and First Street SE. Cedar Rapids Police Department has been investigating the thefts using security camera footage from areas near where the cords were stolen. Until the thief or thieves have been caught, Greene Square will remain dark.Next up, changes may be coming to Iowa Area Education Agencies as Governor Kim Reynolds and legislative leaders say improvements must be made to support students with disabilities. Iowa Area Education Agencies are referred to as AEAs and there are nine across the state.Recent Iowa test results show those with disabilities scored between 33 to 50 percentage points lower on statewide math tests than the overall student population. In a statement, Reynolds said that a comprehensive review of AEAs will help identify solutions and that children will continue to receive services.Now, Iowa educators are worrying about the future of the agencies, which provide services from birth to age 21. Iowa Senator Ken Rozenboom of Pella is the chair of the Senate Education Committee. Rozenboom said quote, “My perception is that AEAs are administratively heavy and performance light,” he said. “We need to refocus and direct our efforts to providing education needs for the education of special needs children, which is extremely important.” end quote.Grant Wood AEA chief administrator John Speer said about 70 percent of funding for Iowa's AEAs goes to support special education services, but the agencies also were created to meet schools' needs in media and technology and educational services including math, science and literacy. By law, AEAs can spend no more than 5 percent of their budget on administrative costs, Speer said. “Every AEA in Iowa is below that threshold,” he said.Read the full story at thegazette.com. Find a link in this episode's description. Now let's head to news out...

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The sign of a strong apparel brand isn't always about covering every billboard. It's about longevity, steady growth, and speaking the customer's language. And today's two guests certainly know how to do that.On this episode, we're sitting down with Kevin McLaughlin, Co-Founder and Chief Creative Officer of J.McLaughlin, and Mary Ellen Coyne, the company's CEO. Kevin started J.McLaughlin in 1977 with his brother, Jay. They envisioned a timeless lifestyle brand with a legacy of style and a spirit of connection. And they did just that, opening their first shop on 74th Street and Third Avenue in Manhattan. It immediately became the post-brunch destination for the Ivy league, JG Mellon crowd. Kevin's taste and design-sense has guided the J.McLaughlin collection since the first store opened, and he prides himself on creating effortless and enduring styles with a modern twist. Each style is thoughtfully designed with impeccable craftsmanship, original colors and prints and innovative fabrics.  Mary Ellen Coyne is the CEO of J.McLaughlin, and joined the brand in 2016. She oversees all aspects of strategy and operations, including merchandising, product development, marketing, retail expansion, and e-commerce. Under her leadership, the brand has launched new product verticals, including swim and footwear, enjoyed robust retail expansion, and recently launched a brand refresh. Prior to joining the company, Mary Ellen had two decades of leadership experience at Ralph Lauren, where she most recently served as the Chief Merchandising Officer of Polo Women and Children's Division. Her career kicked off in the Macy's Training Program, and from there, she sharpened her industry expertise with key merchandising roles at Ann Taylor, The Gap, and Victoria's Secret.J.McLaughlin now has over 170 beautiful stores on the most charming streets in America and true to the McLaughlin brothers' vision, each store is entirely unique.Highlights: Kevin tells how he and his brother Jay started the business in 1977, and who the core customer is (3:48) Mary Ellen talks about why she joined the company (6:31) The store locations, key markets and expansion strategy (8:08) The menswear category as the early foundation of the brand, and how the company approaches their relationship with the customer (10:16) Kevin talks about the role that intuition plays in the company (14:53) J.McLaughlin's philanthropy and their "local and loyal" approach (16:58) Mary Ellen discusses the company's impressive financial performance (17:57) The company's marketing and the role that their catalogue plays in that mix (19:43) New categories and opportunities for 2024 (22:06) Working with Trey Laird to update the company's branding and marketing (25:16) Kevin discusses the expansion and brand awareness he'd like for the company (27:38) Competition, and the profile and shopping habits of J.McLaughlin's customers (29:39) Trends and retail projections for the coming season (30:47) Mary Ellen and Kevin's goals for the next 5 years (32:06) Links:Mary Ellen Coyne on LinkedInJ.McLaughlin on LinkedInJ.McLaughlin WebsiteICR LinkedInICR TwitterICR WebsiteFeedback:If you have questions about the show, or have a topic in mind you'd like discussed in future episodes, email our producer, marion@lowerstreet.co.

New York Rangers great Ron Greschner takes Jay through what the 80's were like in New York City in the 70's and 80's, going to Studio 54 and seeing some Mets there, as well as late nights with Rusty Staub that ended with Golf Balls flying down Third Avenue. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

On this Wednesday topical show, Crystal chats with Pete Hanning about his campaign for Seattle City Council District 6. Listen and learn more about Pete and his thoughts on: [01:05] - Why he is running [01:49] - Lightning round! [09:15] - What is an accomplishment of his that impacts District 6 [10:54] - City budget shortfall: Raise revenue or cut services? [14:39] - Public Safety: Alternative response [18:43] - Victim support [23:20] - Public Safety: Police accountability [25:52] - Housing and homelessness: Frontline worker wages [27:15] - Climate change [29:42] - Bike and pedestrian safety [31:24] - Transit reliability [32:49] - Addressing public drug use [38:30] - Small business support [40:47] - Childcare: Affordability and accessibility [43:22] - Difference between him and opponent As always, a full text transcript of the show is available below and at officialhacksandwonks.com. Follow us on Twitter at @HacksWonks. Find the host, Crystal Fincher, on Twitter at @finchfrii and find Pete Hanning at @pmhanning.   Pete Hanning As a lifelong Seattle resident, this city has helped shape who I am.  For the last 35 years, I have been a leader in the nightlife/hospitality industry. I owned the Red Door in Fremont for twenty years. My experience as a small business owner has honed my ability to solve problems and provide service to others. I've been civically engaged throughout my career, with a focus on improving public safety and supporting small businesses. I've served on many boards, including the Fremont Neighborhood Council, the North Precinct Advisory Council, the Fremont Chamber of Commerce, the Seattle Restaurant Alliance, and the Washington Restaurant/Hospitality Association. I helped form the Seattle Restaurant Alliance and the Seattle Nightlife & Music Association.  I am currently Executive Director for the Fremont Chamber of Commerce. I believe the small businesses increase the quality of life of our community and form a key part of the fabric of our shared neighborhoods. I will always champion these small businesses and businesses throughout Seattle.  We are in a pivotal time as a city and I am running because we need a more pragmatic, problem-solving approach to shape our shared future. I live in Fremont with my wife and two cats.   Resources Campaign Website - Pete Hanning   Transcript [00:00:00] Crystal Fincher: Welcome to Hacks & Wonks. I'm Crystal Fincher, and I'm a political consultant and your host. On this show, we talk with policy wonks and political hacks to gather insight into local politics and policy in Washington state through the lens of those doing the work with behind-the-scenes perspectives on what's happening, why it's happening, and what you can do about it. Be sure to subscribe to the podcast to get the full versions of our Friday week-in-review show and our Tuesday topical show delivered to your podcast feed. If you like us, the most helpful thing you can do is leave a review wherever you listen to Hacks & Wonks. Full transcripts and resources referenced in the show are always available at officialhacksandwonks.com and in our episode notes. Well, today I am pleased to be joined by a candidate for Seattle City Council District 6, Pete Hanning. Welcome, Pete. [00:01:01] Pete Hanning: Thank you very much for having me - I'm happy to be here. [00:01:04] Crystal Fincher: Absolutely. So starting out, why did you decide to run? [00:01:10] Pete Hanning: Well, I've been in Seattle now 52 of my 54 years, and I have loved my community for that entire time - and I find the most amount of satisfaction when I am of service to my community. I have always found that my community has given back even more when I am fully engaged. I come out of 35 years in the hospitality industry, so being of service comes naturally in that way. And then currently I'm the executive director of the Fremont Chamber of Commerce, so I am helping our small businesses in that community on a daily basis. [00:01:48] Crystal Fincher: Excellent. Well, this year we are doing our candidate interviews a little bit different and including a lightning round. So there are some quick yes or no, or quick answer questions here before we get back to our regular type of questions. So starting out - This year, did you vote yes on the King County Crisis Care Centers levy? [00:02:10] Pete Hanning: I did. [00:02:11] Crystal Fincher: Did you vote yes on the Veterans, Seniors and Human Services levy? [00:02:15] Pete Hanning: I did. [00:02:15] Crystal Fincher: Did you vote in favor of Seattle's Social Housing Initiative 135? [00:02:20] Pete Hanning: I did. [00:02:21] Crystal Fincher: In 2021, did you vote for Bruce Harrell or Lorena González for Mayor? [00:02:26] Pete Hanning: I voted for and supported Bruce Harrell. [00:02:28] Crystal Fincher: In 2021, did you vote for Nicole Thomas Kennedy or Ann Davison for Seattle City Attorney? [00:02:35] Pete Hanning: Well, I have a long relationship with Pete Holmes, so I was supportive of Pete Holmes. But he didn't make it into the general and I endorsed Ann - or I supported and voted for Ann Davison. [00:02:47] Crystal Fincher: In 2022, did you vote for Leesa Manion or Jim Ferrell for King County Prosecutor? [00:02:54] Pete Hanning: I voted for Leesa Manion. [00:02:56] Crystal Fincher: And in 2022, did you vote for Patty Murray or Tiffany Smiley for US Senate? [00:03:03] Pete Hanning: My smile does not mean that - who I voted for. I voted for Patty Murray. [00:03:07] Crystal Fincher: Do you rent or own your residence? [00:03:10] Pete Hanning: I have owned the home we live in since 2003. [00:03:14] Crystal Fincher: Are you a landlord? [00:03:17] Pete Hanning: Yes, my family - my mom lives in and rents property along Westlake - commercial property. [00:03:25] Crystal Fincher: Would you vote to require landlords to report metrics, including how much rent they're charging, to help better plan housing and development needs in the district? [00:03:35] Pete Hanning: Maybe. [00:03:36] Crystal Fincher: Are there instances where you support sweeps of homeless encampments? [00:03:40] Pete Hanning: Yes. [00:03:41] Crystal Fincher: Will you vote to provide additional funding for Seattle's Social Housing Public Development Authority? [00:03:47] Pete Hanning: Maybe. [00:03:48] Crystal Fincher: Do you agree with King County Executive Constantine's statement that the King County Jail should be closed? [00:03:54] Pete Hanning: No. [00:03:55] Crystal Fincher: Should parking enforcement be housed within SPD? [00:03:59] Pete Hanning: Yes. [00:04:00] Crystal Fincher: Would you vote to allow police in schools? [00:04:03] Pete Hanning: Yes. [00:04:04] Crystal Fincher: Do you support allocation in the City budget for civilian-led mental health crisis response? [00:04:10] Pete Hanning: Yes, I like the co-responder program - I believe that we would need, in a lot of instances, law enforcement in second position. [00:04:22] Crystal Fincher: Do you support allocation in the City budget to increase the pay of human service workers? [00:04:27] Pete Hanning: Yes. [00:04:28] Crystal Fincher: Do you support removing funds in the City budget for forced encampment removals and instead allocating funds towards a Housing First approach? [00:04:36] Pete Hanning: No. [00:04:37] Crystal Fincher: Do you support abrogating or removing the funds from unfilled SPD positions and putting them towards meaningful public safety measures? [00:04:46] Pete Hanning: Perhaps. [00:04:47] Crystal Fincher: Do you support allocating money in the City budget for supervised consumption sites? [00:04:54] Pete Hanning: Perhaps. [00:04:56] Crystal Fincher: Do you support increasing funding in the City budget for violence intervention programs? [00:05:01] Pete Hanning: Yes. [00:05:02] Crystal Fincher: Do you oppose a SPOG, or Seattle Police Officers Guild, contract that doesn't give the Office of Police Accountability and the Office of Inspector General subpoena power? [00:05:14] Pete Hanning: I'd have to see exactly what the contract looks like, but I am concerned that we are trying to fight a no-sums game where we need to have some compromise. And I think we have a priority to get that contract signed soon. [00:05:29] Crystal Fincher: Do you oppose a SPOG contract that doesn't remove limitations as to how many of OPA's investigators must be sworn versus civilian? [00:05:39] Pete Hanning: Perhaps. [00:05:40] Crystal Fincher: Do you oppose a SPOG contract that impedes the ability of the City to move police funding to public safety alternatives? [00:05:52] Pete Hanning: Perhaps. [00:05:53] Crystal Fincher: Do you support eliminating in-uniform off-duty work by SPD officers? [00:06:00] Pete Hanning: In certain situations, yes. [00:06:01] Crystal Fincher: Will you vote to ensure that trans and non-binary students are allowed to play on the sports teams that fit with their gender identities? [00:06:11] Pete Hanning: I'm running for city council, not school board. [00:06:14] Crystal Fincher: But in your capacity as a city councilmember, would - if a vote came to it - vote to support? [00:06:21] Pete Hanning: I would think so, but I would have to read it - exactly how it is written. [00:06:27] Crystal Fincher: Okay. Will you vote to ensure that trans people can use bathrooms or public facilities that match their gender? [00:06:32] Pete Hanning: 100%. [00:06:33] Crystal Fincher: Do you agree with the Seattle City Council's decision to implement the JumpStart Tax? [00:06:39] Pete Hanning: No. [00:06:40] Crystal Fincher: Will you vote to reduce or divert the JumpStart Tax in any way? [00:06:45] Pete Hanning: Perhaps. [00:06:46] Crystal Fincher: Are you happy with Seattle's newly built waterfront? [00:06:49] Pete Hanning: Yes. [00:06:50] Crystal Fincher: Do you believe return to work mandates, like the one issued by Amazon, are necessary to boost Seattle's economy? [00:06:58] Pete Hanning: I think they're a good step, and I don't think it's only for economic reasons why they should be implemented. I think there are societal reasons and cultural reasons why they're really important. [00:07:10] Crystal Fincher: Have you taken transit in the past week? [00:07:12] Pete Hanning: Yes. [00:07:13] Crystal Fincher: Have you ridden a bike in the past week? [00:07:15] Pete Hanning: Oh, yes. [00:07:16] Crystal Fincher: Should Pike Place Market allow non-commercial car traffic? [00:07:20] Pete Hanning: Yes. [00:07:21] Crystal Fincher: Should significant investments be made to speed up the opening of scheduled Sound Transit light rail lines? [00:07:30] Pete Hanning: It depends on what those measures are taken - to speed it up. I mean, District 6 is the only district currently that doesn't have a light rail station within the city, so we are woefully behind all the other districts. So I would definitely love to see it happen, but we don't - at what cost? [00:07:52] Crystal Fincher: Well, District 1 is probably in the same boat as you are there also. [00:07:57] Pete Hanning: Well, District 1 does - just to - because with the new district, they get all those SODO stations. [00:08:02] Crystal Fincher: Oh, redistricted - they did, they did. You are correct. [00:08:06] Pete Hanning: I know that. I'm a nerd about that kind of stuff. [00:08:11] Crystal Fincher: A wonk on Hacks & Wonks. Should we accelerate the elimination of the ability to turn right on red lights to improve pedestrian safety? [00:08:20] Pete Hanning: Yes. [00:08:21] Crystal Fincher: Have you ever been a member of a union? [00:08:23] Pete Hanning: No. [00:08:24] Crystal Fincher: Will you vote to increase funding and staffing for investigations into labor violations like wage theft and illegal union busting? [00:08:32] Pete Hanning: Perhaps. [00:08:33] Crystal Fincher: Have you ever walked a picket line? [00:08:37] Pete Hanning: No, but I've also not crossed picket lines on purpose. [00:08:41] Crystal Fincher: Well, that was the next question, if you've ever crossed a picket line. [00:08:44] Pete Hanning: No. [00:08:44] Crystal Fincher: So that is a no. Is your campaign staff unionized? [00:08:50] Pete Hanning: Currently, I have no staff. I have some consultants and some groups that I'm working with, but - so the answer would be no. [00:08:59] Crystal Fincher: If you did have staff and they wanted to unionize - or in any future endeavors you have - would you voluntarily recognize their effort? [00:09:07] Pete Hanning: Oh, for sure. Everyone has the right to collectively bargain. [00:09:11] Crystal Fincher: Well, that's the end of the lightning round. Hopefully pretty painless there. [00:09:15] Pete Hanning: For sure. [00:09:15] Crystal Fincher: Well, lots of people look to work you've done to get a feel for what you prioritize and how qualified you are to lead. Can you describe something you've accomplished or changed in your district and what impact it has had on the residents there? [00:09:30] Pete Hanning: Well, I can share with you one of the things that I was instrumental in having formed was the Seattle Restaurant Alliance. Back when I was running The Red Door, we had a wayward chapter of the Washington State Hospitality Association's Seattle chapter - sparsely attended. And so myself and a few other restaurateurs decided to really take a look at ways we could create a more active and vibrant group that represented the hospitality sector. One of the things I was really clear on and fought for - and I'm glad to say that we have - is you do not need to be a paying member of the state association to vote and participate in the Seattle Restaurant Alliance. And so that really encouraged those smaller businesses, that might not have seen themselves in the state umbrella, really have a voice and have an opportunity. And out of that, when we were in the COVID times and we started looking at ways to help protect these small businesses, the Seattle Restaurant Alliance was the major organization that was able to help advocate for the hospitality sector in our community. [00:10:53] Crystal Fincher: Gotcha. Now I wanna talk about the City's budget situation. The City of Seattle is projected to have a revenue shortfall of $224 million beginning in 2025, meaning that preparations and plans need to start now. Because the City is mandated by the state to pass a balanced budget, the options to address this deficit are either raise revenue, cut services, or some combination of that. Which one will be your approach to addressing this budget shortfall as a city councilmember? [00:11:26] Pete Hanning: Most likely Option C, the combination of the two. With a real first - first and foremost, you have to make sure that the resources that you currently have and are using are being spent wisely, and that they - we're getting the amount of services from each dollar as much as we can. And then we have to look at, if we're not able to meet our obligations, then where funding will come from, extra funding will come from. But first and foremost, before we ask for extra money, we have to make sure that the money that we currently are bringing in is spent right - and it's in the right departments, and we're using it to the best of our abilities. And we also, as a municipality, I know we have some very wealthy people in our city, but we have a lot of people who are on fixed incomes or on the lower margins. And so the way our tax structure is in this state, it's very regressive. So I'm very concerned that, as much as we try to be targeted, we really don't have those tools. And I don't think those tools are best used at the municipal level. I really do feel like true fundamental change around our tax structure should happen at the state level. [00:12:43] Crystal Fincher: I agree that we do need fundamental change at the state level, but if that doesn't happen and no guarantees that that happens, what would you advocate for at the city level? [00:12:57] Pete Hanning: Well, I'm really concerned that we continue try to create these false walls around our city around tax structure, where most of the businesses that operate in our city also operate in other local jurisdictions, neighboring cities. And so we create this complexity of varying rates and varying taxes. We also incentivize businesses to leave Seattle in that way. And so I'm not sure that that would be my first approach - is to raise taxes. It would be a last measure. [00:13:37] Crystal Fincher: So in that case, what would you prioritize cutting? [00:13:42] Pete Hanning: I think we have to take a look at the amount of employees that we are currently staffed - in all the departments in our city. And that is a really difficult conversation to have - I recognize that. I do not say that cavalierly or with any malice. First and foremost, our City employees are our greatest resource and we should invest in them. And we should make sure that they are paid a very good wage in which they can live and thrive in this city. But there is also the reality of the amount of resources in which we can extract from our local citizens. And when I'm knocking on doors, I am hearing - a lot of people feel very concerned about A) the amount that they're paying, and B) that they don't see a real actual tangible return. [00:14:38] Crystal Fincher: Gotcha. Well, I do wanna talk about public safety, particularly starting with alternative response. And while other jurisdictions around the country and in our own region have rolled out alternative response programs - and the Seattle City Council has funded alternative response - Seattle is stalled in the implementation, in what is a widely-supported idea by voters in the city. Where do you stand on non-police solutions to public safety issues? And what are your thoughts on civilian led versus co-response models? [00:15:08] Pete Hanning: I prefer co-response models. I think it's really important that all the agencies are there at the same time - and so that they are getting the same information, so that people are not trying to say one thing to one group and another to another. And I understand that we do not want to have, nor do the police wanna be in first position on a lot of the responses that we get calls for in our city. But for the safety of everyone, having law enforcement in that second position is a good idea for most situations. I do outreach along the Leary corridor here with the Salvation Army and their street-level program - they don't go out without a King County Sheriff - and that's for good reason, it's for the safety of everyone. And so I feel really strongly that we have created this situation where we are saying that the police aren't part of the solution. They don't want more responsibility, they wanna be able to have clear understanding of what their role is in that, but they are part of the solution. [00:16:24] Crystal Fincher: So for other jurisdictions that are similar, like Denver or Austin, who have implemented alternative response programs without a co-responding police officer, are you saying that you don't think that type of model would work here? [00:16:41] Pete Hanning: It may work here, but I think that we would be better off going with the co-responder response. I think we should put our priorities there. [00:16:51] Crystal Fincher: In the situation that SPD is in now, where they're saying that they're having challenges deploying the appropriate amount of police because they say they have a budget shortfall - or a staffing shortfall- [00:17:02] Pete Hanning: It's a staffing shortfall, and which they do. [00:17:04] Crystal Fincher: Correct. And so in that situation, do we still have the staff to deploy to all of that? Would you look at redeploying in any other way, or just maintaining the current status quo? [00:17:15] Pete Hanning: Well, I think that gets back to your question earlier in the lightning round of - are there some roles in which sworn officers that we might see not participate in all the calls? And I do think that we need to have a hard look at what are the main priorities in which we want our police officers to be engaged in. So when I talk about doing outreach to our unhoused neighbors - the situation in our city - those folks need all of our help and all of our kindness. In most encampments, though, there is one or two tents or RVs in which there are people perpetrating crimes upon our unhoused neighbors - specifically in the sale of fentanyl, which is a poison. And we have to be really honest with ourselves. And we need to make sure that we have law enforcement there so that when we see that kind of sale of that poison within our communities, that we put a stop to it - because we have too many people dying on our streets because of it. [00:18:24] Crystal Fincher: Now we will talk about housing and homelessness in just a little bit, but are you viewing homelessness as a public safety issue? [00:18:31] Pete Hanning: Public safety plays in the homelessness crisis for sure. And the unhoused are, by far, our greatest victims. [00:18:43] Crystal Fincher: I do wanna talk about victims, actually. And there's a lot of speaking being done - people say they're speaking on behalf of victims, a lot of victims claim they're being spoken over. But what victims are saying and what data show is that victims overwhelmingly want two things. One, they wanna make sure that what happened to them doesn't happen to them again or to anyone else. And they also want better support through and beyond what happened. What can we do to better support victims of crime, or people who have been harmed? [00:19:18] Pete Hanning: We're in a community crisis. And by that, I mean, people are really struggling in finding healthy places in community. And especially those folks who are struggling with mental health or addiction - we have to do more to give them on-roads back into healthy community. And that starts with each one of our individual efforts. When I do outreach, I make sure that people know that I see them. That does not mean that they also don't recognize - and I let them know that I care about them, I see them, here are some resources - and I'm advocating for them to be moved from their current location because it is affecting that business that they are right out in front of. And it is not appropriate for them to be there. I'm honest. And I want people to really know that we have to have an honest conversation about what it means to be in a healthy community. [00:20:26] Crystal Fincher: Well, I guess what I'm really trying to say - if they're, I think you were talking about some, you know, moving people or sweeping people away from where they're at if they're homeless, but I'm more focused on people who have been victims of crime and who have been harmed. The people who we talk about - if someone has had their car broken into, their business broken into, or has been assaulted, or stolen from - yes. [00:20:49] Pete Hanning: Hear gunshots - yeah. [00:20:50] Crystal Fincher: What can you do to better support people who have been through that? [00:20:56] Pete Hanning: Time again, one of the things I'm hearing from the residents who I'm talking with while I'm on the campaign is they want some kind of police presence in the form of what is formerly referred to as beat cops, right - patrol officers in their community. Now, I know enough about policing, that beat cops - they do not reduce the amount of crime in our communities. They don't - we know the statistics, if we go off data. But like - policing is like every other job in America - there is both a tangible science to it and there is an art to it. The CPT program, which we did away with - the Community Police Team Officers - which is kind of a beat cop, if you will. It's officers who are embedded in a community who aren't in a patrol car, who are able to respond the day-after to events, is what we do find is - those communities, their sense of safety increases greatly by that presence of those kind of programs, right? And so, yes, it doesn't show up in the data, but it does show up in our sense of safety. And so, I really think - and that's why earlier when you asked about police officers in our schools - we have to build back a relationship where children don't feel afraid to have police officers in their communities, where they can build that dialogue. Now, how that's done and to make sure that those police officers are reflective of their community and understanding the community that they're serving - for sure, we need to always be on there. But what I'm concerned is, is we are creating these false barriers that actually widen that distance, sever our ability to be in community, to accept all of us in this bigger thing - to really widen the table, to make room at the table, does not mean to remove the law enforcement officers. It just means making more space for others also at that space. So, that's where I think people are really wanting - they're wanting more responsiveness. [00:23:20] Crystal Fincher: Well, and I - just following on to that, you were talking about wanting community police officers and to bring back that program. Is it wise to bring that back without more accountability work done? Or is there a role for accountability, additional measures? Do you plan to pursue any additional accountability or reconciliation measures on behalf of the police? [00:23:42] Pete Hanning: For sure. But in order to have that conversation, we have to rebuild the relationship with the law enforcement agencies and the police department so that they know that they are seen, that they're valued. And so that it starts with trust. And then you have those difficult conversations. And without that, you really just get everyone crouched, like we currently are, in these really polarized positions. And it's not giving - the community as a whole is frustrated because they're not getting any of the benefits. [00:24:22] Crystal Fincher: Well, based on some of the recent votes, it looks like the community is frustrated at some of the slow pace of some of the accountability measures that have been promised, but haven't come to fruition. Are there any specific policies that you plan to advocate for in the area of accountability? [00:24:38] Pete Hanning: What votes are you speaking towards? [00:24:40] Crystal Fincher: Like the King County public safety vote, where they reorganized the Sheriff's department, implemented public safety reforms on a county-wide vote - that passed, obviously passed county-wide, but certainly in the City of Seattle. Looking at reforms that passed in that, do you have any specific policies that you would advocate for on the city level when it comes to accountability and good governance for the police department? [00:25:09] Pete Hanning: So years ago, I did public testimony at the city council around then that turn's contract, which is now expired. I believe our police officers should be tested for drugs if there is a use of force, because I am fully aware that drug use in society as a whole is a certain percentage. And it would be naive for us to think that our law enforcement aren't also struggling with some of those issues. And we should know when our officers are struggling with signs of addiction and illegal use of drugs. [00:25:52] Crystal Fincher: Now I do wanna talk about homelessness, particularly one thing called out by experts nationally - by people who have been involved in the local response, both in the city and the county level - is that frontline worker wages do not cover the cost of living in Seattle. Do you believe our local nonprofits have a responsibility to pay living wages for Seattle? And how can that be made more likely with how the City bids for and contracts for services? [00:26:22] Pete Hanning: Yes, everyone deserves a living wage. When we have so many different agencies and nonprofits all dealing in the same space, there is some inherent duplication of certain positions and inefficiencies that I think we have to be honest about. And just because a nonprofit has been doing yeoman's work for decades in our community does not mean that it's necessarily the right nonprofit, moving forward, to be spearheading that work. And so I think we do need to make sure that we are also maximizing and being efficient with how we spend our resources so that we get the best outcome possible. And so those employees actually are getting as much resources of it as they can. [00:27:15] Crystal Fincher: I also wanna talk about climate change. On almost every measure, we're behind on our 2030 climate goals, while we're experiencing devastating impacts ranging from extreme heat and cold, wildfires with smoke, floods, and so on - we are experiencing impacts now. What are your highest priority plans to get us on track to meet those 2030 goals? [00:27:40] Pete Hanning: Climate change - boy, it's a loaded question. My wife has a master's in environmental science - used to do environmental work for decades - so she is the expert in our household for sure. It starts with our own lifestyle choices that we make each and every day. And early on in my adult life, I became clear on a couple of things that I knew that I did and didn't wanna do. I chose not to have any children - first and foremost, a very big reduction in use of resources in our community. My wife and I have one car, and I bike to most of the places that I go to or use transit. We live next to a community garden and then we have 16 raised beds in our own yard and grow hundreds of pounds of produce every year and put it down. I choose and try to only eat animal protein one meal a day because I know both for my own internal personal life, it's better, but also for the environment as a whole. So those are all personal things that we can do. And then we can share that and encourage others to do it. But at the city level, we have to continue to look at ways to encourage people to carpool, to use transit, to walk, to bike. Then we also have to make sure that our freight is done at the most efficient way possible, but also to protect and to incentivize the movement of goods, just like we do transit. Because those - not only is it important to move those goods about and those services about, but those are jobs - and we forget about that. I'm a big proponent of our freight community, because it really does represent the backbone of what Seattle is. [00:29:42] Crystal Fincher: Well, one area that is preventing people from biking and walking is the issue of safety. We're basically having a crisis with the amount of pedestrian and bike deaths in the city of Seattle reaching an all-time high. How would you improve pedestrian and bicycle safety? [00:30:02] Pete Hanning: I would love to see every community have pedestrian boulevards or areas in which they were activated - if not 24/7, on major times - so that we were putting different kinds of activities on our streetways and not just car activity. One way, though, is we also have to do a better piece about educating people. So in the Fremont community, in which I live and work, we're a very big tech corridor. And the amount of people that I see glued to their personal device, not looking up - there is an awareness that has to happen. There's also, there's some stuff that we really just at the city level, we're not gonna be able to affect, but the scale and size of some of the personal vehicles that are being purchased these days and built is really alarming. And so sight lines and just certain safety features just are not put first and foremost. You know, I also - I'm very fortunate - my community has a lot of great bike access to it, and so, and bus routes, but we need to continue to incentivize that behavior. [00:31:24] Crystal Fincher: Now there are definitely mixed opinions on whether we're appropriately incentivizing and protecting transit. But one thing that's absolutely happening is that transit reliability is falling through the floor right now, with - staffing shortages are being cited and various other things. Now, granted Sound Transit is a regional entity, King County Metro is a county entity, but the City does provide for transit service and supplementing that. In your role as a city councilmember, what can you do to help stabilize transit reliability? [00:32:02] Pete Hanning: We need to make sure that riding the bus, and waiting for the bus, and getting off the bus feel safe - first and foremost. It's the number one thing I hear why people aren't going back to the buses. Reliability might be second, but safety is always the first thing I hear. And so really it is making sure that folks can feel safe - to and from, and on our transit system. [00:32:30] Crystal Fincher: How can you make them feel safer? [00:32:32] Pete Hanning: Well, we can pass - we can get in line with the state's law around public use. And we can be a lot more clear on what is expected and accepted in our communities around consumption and the sale of drugs. [00:32:49] Crystal Fincher: Now it is illegal to use drugs in public spaces in Seattle, so in what way- [00:32:56] Pete Hanning: But it's - it's illegal in name and, you know, I mean - most people won't see this, but you and I are on video and you smiled when you said that, recognizing there's a wink and a nudge there, there's a fallacy to it, right? We can go to 12th and Jackson, you can go down along the Leary corridor, you can be along Third Avenue that's being called Fentanyl Way now. I mean, like - I am not trying to mischaracterize other drugs - fentanyl is a poison though. What it is doing to our community is truly a poison that we need to meet head on and directly because all these other issues aren't gonna be solved unless we really do better with that. [00:33:48] Crystal Fincher: And I should just state for the record, my smile or grin was not in reference to that drug there, but so am I hearing - when you say we need to get in line with that, what does that mean or look like? Does it mean that you think that people need to be arrested and that jail is the appropriate response? [00:34:05] Pete Hanning: Oh my god - we need to increase all of the tools in our toolbox and jail should be, and we hope, the last response. But there are those in our community who do need some time to calm themselves and to settle out and to sober up. I don't know if you've done any outreach to these folks who are in the thralls of this poison, but it is really hard to reach them. It is unlike any other drug. And I sold alcohol for over 30 years - I have a long experience of talking to people who are inebriated in one capacity or another, and this is different. And we see it - we see it on our buses, we see it in our bus stops, we see it in our streets, we see it in the front of our businesses, we see the businesses being shoplifted from - I mean, I wish it weren't the case, but it is. [00:35:09] Crystal Fincher: I have done a lot of outreach and worked on this particular issue quite a bit. One thing that data overwhelmingly shows, but also that the majority of people who have been referred to, sought out, forced into incarceration or treatment say is that jail is more destabilizing than stabilizing, and that having better resources - or any available resources in some situations - for substance use disorder treatment is the most appropriate intervention. Do you agree with that, or do you think jail is effective? [00:35:42] Pete Hanning: Oh, I totally agree with that - I would love if we had enough resource. Jail is a poor substitute for those other options. Sometimes it's the only option we have, unfortunately, right now. And the community at-large also is a victim in this, and we have a responsibility to everyone in this. [00:36:09] Crystal Fincher: How do you address the revolving door issue there? Because even if you were to throw the book at them for what the law says, they're back on the street, not that long after. How would you address that? [00:36:22] Pete Hanning: Well, I mean, the way I address all these situations is with compassion and honesty. And, you know, look - today is my 26th month of being sober, personally. And, you know, my journey is my own personal journey to it, but oh my gosh, am I so thankful of my sobriety - because the way I recreationally used for 30-plus years, there's no doubt in my mind that fentanyl would have made it into some substance in which I would have used, right? And that's really scary. And I have the utmost compassion and understanding that it takes numerous attempts for lots of us. It's like the tide - it rolls up the beach, it rolls back. Hopefully the tide - the next time it rolls a little farther up the beach, and at a certain point, you get to that beachhead and you've passed that tide line. And now you're back on stable land, right? And we have to, and there are many ways in which people find their road back. Your path is not my path. I do not wanna limit the amount of opportunities, nor say that anyone isn't able to really make change in their life for the better - for sure they are. But there are also people, Crystal, who have said they didn't get sober until they went to jail. And there is lots of family members who ache for their loved ones who are on the streets in crisis, just to even get into jail so that they know that they're at least somewhat safe - 'cause they're so fearful for their family members. And that's real. And that's not a great solution - maybe it's not a eloquent answer, but it's an honest one. [00:38:24] Crystal Fincher: Gotcha. It certainly is something that we are going to have to do a better job contending with overall. I do wanna talk about our economy, and we have a very vibrant local business community. We do have some of the largest corporations in the world headquartered here and nearby, but we have a vibrant small business community, including in your district. What are the top issues facing small businesses here in your district, and what can you do to better support them? [00:38:56] Pete Hanning: I might sound like a broken record, right? I mean, it's public safety. It's no different than what the residents I'm hearing from - you know, in my day job as executive director of the Fremont Chamber, or when I ran The Red Door, you know - if my team didn't feel safe coming to work, if my customers didn't feel safe walking into our door front, if my business was not protected so that the goods and services, so that I could provide them to my guests, like I wasn't able to be successful. And so first and foremost, that is what we have to provide to our small business and our local business economy and community. The other thing, and you and I both brought it up - it plays out in every sector is employment, right? Workforce development, encouraging those who are no longer in the workforce to get back in the workforce. And, you know, we see - you know, when I see folks on the street, on Leary Way, I also would - not only would I love for that human to find some happiness and some relief and be able to join a healthy community again, I'd love to have them back in our economy 'cause we need everyone to be carrying the water right now - whether it's healthcare workers, first responders, maritime community, bus drivers, as you brought up, at Metro, service industry, still even tech - tech is hiring still. It's just certain segments have - you know, they downsize, but not to a great extent. We need to help our businesses find good employees. [00:40:47] Crystal Fincher: Gotcha. Now I wanna talk about a related issue really - and part of finding good employees, part of employees being available to work - is childcare. We can't have a conversation about employment or inflation without talking about childcare. It's the number two cost for a lot of families, behind their mortgage. The number one for some families who have multiple children. And we just received reporting - recently received reporting - that childcare is now more expensive than college on an annual basis. What can you do in your role as a city councilmember to bring relief to residents in your district, dealing with the high cost and low availability of childcare? [00:41:31] Pete Hanning: Yeah. You know, I know former Councilmember Burgess did all that great work around the preschool program - so making sure that's fully funded and that we have good access for it. And I'm glad you call it childcare because I always bristle at the term daycare - because a lot of childcare happens in the evenings and other time periods. I come from nightlife and hospitality. And although what kids should be doing in the evenings is usually, you know, winding down, doing homework, playing, and then going to bed - they still need appropriate and safe care while they're doing that, if their parents are working shifts in the different time slots. And so we do need to really take a look at that segment as a whole. Both it needs more people to join it - we need to make sure that it's a livable wage. And we need to shine a light of what a great career it is as well, right - and you are doing something so important for your community - taking care of our youngest and our oldest should be one of the most respected positions in our community. [00:42:46] Crystal Fincher: To your point, it is also one of the most underpaid. It's minimum wage in a lot of situations. What can be done to help on the workforce side and on just the wage side of that? [00:42:58] Pete Hanning: You know, I'm not sure that the City itself is the proper place to be the main arbiter of that. But I wanna make sure - you know, we do have our minimum wage standard for all jobs in our city. But above and beyond that, I wouldn't see that the City is - that that's their role. [00:43:22] Crystal Fincher: Well, and as we move this conversation to a close today, there's a number of people who are trying to make the decision between you and your opponent. What do you say to people when they're saying that they aren't sure who they're gonna vote for? [00:43:38] Pete Hanning: You know, well, I first encourage them to continue to read up and get the facts. That participation is the most important piece of it, right - if everyone is well-informed and the outcome is what the outcome is, that's a pretty good outcome, right, for our community. And so engagement is the first and most important piece. But I feel like I'm at a place - I know I'm in a place in my life - this is not a career position for me. You know, I'm in my mid-50s. I had a successful career in another industry. I really want to give back to my community and I have some strengths and some skills. I've been on a lot of boards. I've been in counsel, given counsel, taken counsel. I don't personalize things very much. I want to find really pragmatic solutions that we can all compromise on, because I do feel that that is the best way forward and we have some really difficult problems ahead of us - so I bring that experience. And I also bring this understanding of running a business for over 20 years and the importance to that - why those small businesses are important, and what you have to do to make sure that you stay within a budget, and that you can't be all things to all people. You really can't. That is an unfair thing to say. And so I, at least, don't - as today's interview is probably a good indication - I don't shy away from saying what I believe. [00:45:25] Crystal Fincher: Well, thank you so much for taking the time today to share who you are, what you do believe, and what your plans are should you be elected to the city council. Thank you so much, Pete Hanning. [00:45:36] Pete Hanning: Crystal, it was a pleasure - thank you very much for having me today. [00:45:39] Crystal Fincher: Thank you for listening to Hacks & Wonks, which is produced by Shannon Cheng. You can follow Hacks & Wonks on Twitter @HacksWonks. You can catch Hacks & Wonks on every podcast service and app - just type "Hacks and Wonks" into the search bar. Be sure to subscribe to get the full versions of our Friday week-in-review shows and our Tuesday topical show delivered to your podcast feed. If you like us, leave a review wherever you listen. You can also get a full transcript of this episode and links to the resources referenced in the show at officialhacksandwonks.com and in the podcast episode notes. Thanks for tuning in - talk to you next time.

HEY TENANT...WHAT DO YOU WANT?If you're a commercial office landlord with spaces to fill, that is the million-dollar question!For tenants, options in New York City (and most everywhere else) for office space abound from new construction A-level properties on down, with owners needing to offer a variety of concessions to lure companies in.How About An Office Innovation...MIROBGO, formerly known as BentallGreenOak, developed MIRO or move-in ready offices. It was designed 'to help the landlord commune with tenants to create offices that are ready to work for them from day one'.Do You Ever Wonder had the opportunity to speak with Rob Naso, a BGO managing partner and head of its U.S. asset management.We spoke about the issues faced by BGO by the work-from-home concept focused on work/lifestyle balance that has left many companies wanting to downsize.The competition office building owners face due to 14 million square feet of new modern office space soon to be on the market, but at the same time, the benefit of 1/2 the office space in New York City being obsolete.All of this in the face of an office vacancy rate in NYC of 22.7% in August.BGO has been using the concept of MIRO to deliver pre-builts that are “tech- and hybrid-enabled, emphasizing human-centric design to encourage adaptability, wellness, and collaboration.”'Suites range from 1,000 to 18,000 square feet. Tenants also share access to what BGO is calling “amenity centers” that would include town hall space and various perks such as a wellness center and food options. Lease lengths depend on tenant needs'. (Commercial Observer)BGO is in 14 countries across a variety of commercial property classes, but 685 Third Avenue, near Grand Central Terminal, is one of their properties in NYC where the MIRO concept can be seen and leased.To reach BGO with any inquiries, contact Sam Buckley, Executive Vice President, Leasing, at the information below...W: (212) 359-7835M: (201) 390-7559E: Sam.Buckley@BGO.com________________________________________________Please subscribe to Do You Ever Wonder using the two links below, and don't be shy about sharing the links with your friends.Subscribe on your favorite streaming platform here: https://areyouwondering.buzzsprout.com/shareSubscribe to Do You Ever Wonder on YouTube here:  https://www.youtube.com/channel/UCzmL4Yaump_9Q7tMSChDoUQBe Our Guest! Are you interested in appearing as a guest on the Do You Ever Wonder podcast? Let Mike Haltman know at mhaltman@hallmarkabstractllc.com.The Do You Ever Wonder podcast is brought to you by New York title insurance provider Hallmark Abstract Service, and hosted by its CEO Mike Haltman._______________________________________________Hallmark Abstract Service...You Buy Real Estate, We Protect It!Questions about the podcast, NY title insurance, or the RE transaction process? Let Hallmark Abstract Service know at (646) 741-6101 or at info@hallmarkabstractllc.com.

HOUR 1Ramaswamy's plane has "an unexpected cabin depressurization issue," /  (NBC News)  https://www.nbcnews.com/meet-the-press/meetthepressblog/vivek-ramaswamy-misses-third-event-less-month-due-private-plane-issues-rcna98664?Vice President Kamala Harris answered a question about President Biden's age in an AP interview from Jakarta / (AP) https://www.foxnews.com/politics/harris-says-she-ready-step-role-president-biden-unwell-may-have-take-over Vitiuk, the head of the cyber department at Ukraine's top counterintelligence agency overviews his strategies / (NPR) https://www.npr.org/2023/09/06/1196975759/ukraine-cyber-war-russia-sbu-illia-vitiukEnrique Tarrio, the former national chairman of the Proud Boys, has been sentenced to 22 years in prison for his role in the Jan. 6, 2021 attack on the U.S. Capitol / (NPR) https://www.npr.org/2023/09/05/1197202616/enrique-tarrio-proud-boys-jan-6-sentence?Rick Whitbeck from Power the Future / https://powerthefuture.com/HOUR 2Labor unions in Alaska are calling on the Federal Trade Commission to block a $25 billion merger that would combine Fred Meyer and Carrs Safeway grocery stores into one corporate behemoth. / (ADN) https://www.adn.com/business-economy/2023/09/05/alaska-unions-urge-biden-administration-to-block-albertsons-kroger-merger/Mark from East Anchorage (who works at Walmart) discusses the effects of a Carrs and Fred Meyer merger"The homeless camp at Third Avenue and Ingra Street, which residents have dubbed “Tent City,” has seen an increased population and crime rate — making it more difficult to provide help to people living there." / (ANS) https://www.alaskasnewssource.com/2023/09/05/tent-city-homeless-camp-near-downtown-anchorage-sees-high-crime-rate-violence/"The Anchorage Assembly is authorizing the use of more than $200,000 to address the crime and public health issues associated with large homeless camps throughout Anchorage" / (ANS) https://www.alaskasnewssource.com/2023/09/06/anchorage-assembly-approves-funding-address-crime-public-health-concerns-large-homeless-camps/The impeachment trial of suspended Texas Attorney General Ken Paxton kicked off Tuesday at the state Capitol (NPR) https://www.npr.org/2023/09/05/1197811021/paxton-impeachment-trial-texas-attorney-general-ag-conspiracy-briberyDalton from Mat-Su thinks the TX impeachment is just the start Anchorage Mayor Dave Bronson with a homeless policy update 

This is Stephen Schmidt from the Gazette Digital News Desk, and I'm here with your update for August 21, 2023.It'll be hot again Monday. According to the National Weather Service it will be mostly sunny on Monday with a high near 94 degrees. On Monday night it will be partly cloudy, with a low of around 73 degrees.Cedar Rapids police and fire personnel recovered a body from the Cedar River on Sunday afternoon.According to a city news release, police and firefighters received a report of a body floating in the river around 2:30 p.m.Responding officers found a man's body floating along the west bank of the river between the Ellis boat ramp and I Avenue boat ramp. Firefighters used a boat to recover the body just before 3:30 p.m.Officials don't yet know the identity of the dead man. An investigation is underway.A section of sidewalk on Third Avenue in downtown Cedar Rapids was closed Saturday morning after bricks fell from the facade of a four-story building and landed on the sidewalk.The falling bricks landed adjacent to the Granby building, 218 2nd St. SE, according to a news release from the city of Cedar Rapids. The incident was reported at approximately 7:25 a.m. Saturday, shortly before the Downtown Cedar Rapids Farmers Market opened. No injuries were reported, according to the city.Using a Cedar Rapids Fire Department ladder truck, crews inspected the building's exterior and removed other loose materials. The city's Buildings Services Department was notified. A preliminary inspection indicated the bricks fell from the facade.A Cedar Rapids man was sentenced Friday to 30 months in prison for his role in the Jan. 6, 2021, breach of the U.S. Capitol.Leo Christopher Kelly, 37, was sentenced Friday in U.S. District Court in Washington, D.C., on seven offenses, including obstruction of an official proceeding, a felony, and six misdemeanors.According to court documents and evidence presented during Kelly's May trial, Kelly was one of the few rioters who breached the Senate Chamber. While there, Kelly ascended the Senate Dais, leafed through sensitive documents and took photos of them, the DOJ reported.Kelly's video showed him joining other rioters in challenging police, the news release states.Judge Royce C. Lamberth sentenced Kelly to 30 months in prison, followed by 36 months of supervised release. Kelly must pay $7,000 in restitution and fines.

A high-rise developer in downtown Seattle wants to turn Third Avenue into a pedestrian zone, with cafe tables, landscaping, and bike paths. Critics say the idea has some merit, but disregards the importance of Third Avenue as a transit corridor.

Shoplifting in NYC is so bad supermarkets are locking up, installing anti-theft devices on $6 ice cream: ‘This is the age we live in now'Shoplifters are running so wild in the Big Apple that pints of high-end ice cream now have special locked lids to thwart cold-hearted crooks.The Fairway supermarket on the Upper West Side is guarding $6 cartons of Häagen-Dazs with bolted plastic tops — which can only be removed with a device at the register — as other shops padlocked freezers of the treats.A sign at Fairway gives shoppers the scoop on why there's now a barrier on the popular summertime sweets.“To help maintain the lowest possible cost, a protective lock has been placed on some units of ice cream,” it reads.“This lock will be removed at checkout by a store associate. We apologize for any inconvenience.”Customers at the store, at Broadway and 74th Street, called the goodie-guarding gadget a sign of the times.The Fairway supermarket on the Upper West Side uses locked ice cream lids to stop shoplifters.Robert Miller“This is the age we live in now, unfortunately. This is the New York that we know,” said a producer, who was shopping in the freezer section Friday.“This has nothing to do with anything other than people coming in and ripping off places that are trying to make money.”A cashier told The Post the ice cream is delivered with the clear locked lids already in place, and that they can be popped off with a round plastic device.“It's pretty easy to come off with what we use,” the worker said.Other Manhattan stores also had ice cream under lock and key, including the Duane Reade at Broadway and 71st Street, which fastened a chain across a freezer door with a padlock.The convenience store fastened a chain across a freezer door with a padlock to protect tubs of Breyers along with Oreo Cookie ice cream sandwiches and other frozen desserts.“People used to come with garbage bags and fill up the garbage bags with ice cream. Clear out our freezers,” an employee at the shop said.The Duane Reade on East 53rd Street and Third Avenue also began padlocking a freezer to keep thieves from snatching ice cream such as Haagen-Daz and Magnum bars, a worker there told The Post.“We had to put the locks on because people kept stealing our Red Bull and Ice cream out the fridge,” the employee said.The CVS on Second Avenue and 51st Street in Midtown also had built-in locks placed on freezer doors last month, which customers called inconvenient.“Having to wait for an available worker to get my ice cream is a turn off,” one shopper Martin, 53, told The Post. (NY Post)

This week we're joined by Amit Wadhwaney on the Value Perspective podcast. Amit started his career working for legendary value investor Martin J Whitman in the 1980s when Whitman was investing in bankruptcies. Amit followed Whitman to Third Avenue where he managed the boutique's international strategies, including Emerging Markets. Amit is considered one of the earliest and longest-standing value investors in Emerging Markets. In 2014, Amit left Third Avenue to launch Moerus Capital Management which opened in 2015 and started serving clients in 2016. In this episode we discuss: Amit's background and career including his experiences working with Martin J Whitman; what he has learnt from 30 years of value investing, including what has helped him and his team to avoid style drift over the last seven years; why Emerging Markets have historically been good hunting grounds for value investors; why balance sheet risk is so important now and how important it was 30 years ago; and finally, what is the best way to communicate with clients when investing in international funds or uncertain territories. Enjoy! NEW EPISODES: We release main series episodes every two weeks on Mondays. You can subscribe via Podbean or use this feed URL (https://tvpschroders.podbean.com/feed.xml) in Apple Podcasts, Spotify, Google Podcasts and other podcast players. GET IN TOUCH: send us a tweet: @TheValueTeam  Important information. This podcast is for investment professionals only. This information is not an offer, solicitation or recommendation to buy or sell any financial instrument or to adopt any investment strategy. Any data has been sourced by us and is provided without any warranties of any kind. It should be independently verified before further publication or use. Third party data is owned or licenced by the data provider and may not be reproduced, extracted or used for any other purpose without the data provider's consent. Neither we, nor the data provider, will have any liability in connection with the third party data. Reliance should not be placed on any views or information in the material when taking individual investment and/or strategic decisions. Any references to securities, sectors, regions and/or countries are for illustrative purposes only. The views and opinions contained herein are those of individual to whom they are attributed, and may not necessarily represent views expressed or reflected in other communications, strategies or funds. The value of investments and the income from them may go down as well as up and investors may not get back the amounts originally invested. Exchange rate changes may cause the value of any overseas investments to rise or fall. Past Performance is not a guide to future performance and may not be repeated. The forecasts included should not be relied upon, are not guaranteed and are provided only as at the date of issue. Our forecasts are based on our own assumptions which may change.  

What's Trending: A man was stabbed outside a Seattle hotel, Durham report slams FBI's Trump-Russia probe and O'Keefe Media Group is now going after innocent people for bigger stories -- and it's despicable. // King 5 says “Non-profit using new approach to order on Seattle's Third Avenue” -- no, they're not. // Texas AG sues hotel over hidden fees and Inlsee vetoes odometer reading bill.See omnystudio.com/listener for privacy information.

Dominique Davis changes lives. Drawing upon personal background and community relationships, Davis founded Community Passageways in 2017 with the goal of zero youth incarceration. Working on felony diversion and prevention has led to additional community-focused work, including a new effort to deliver safety, intervention and services to people in need along Third Avenue. Jon and Dominique dig into how his past has shaped his approach, the idea of defunding the police, what his team is seeing on Third Avenue and more. Join us for Seattle City Makers with Jon Scholes and guest Dominique Davis.

Go Check out the GOODSUGAR retail store at 1189 Third Avenue, between 69th and 70th streets in New York City!    Check out our merchandise: https://www.ilovegoodsugar.com/ Follow on Social Media: Marcus Antebi https://www.instagram.com/marcusantebi Ralph Sutton https://www.instagram.com/iamralphsutton Official Website:  https://www.goodsugar.life

In this preview episode, the pod heads to the most notorious area in Downtown Seattle, Third Avenue. It's become the epicenter for "public disorder," according to our special guest Lisa Daugaard, who is leading Seattle's latest effort to try and improve things. Erica and Sandeep ask some pointed questions about what her "Third Avenue Project" is up to, and what's next.The episode's sponsor is the You Know Me Now podcastDonateSupport — You Know Me NowIf you want to advertise, please contact us realseattlenice@gmail.comYou can also find us @realseattlenice on TwitterIf you want to help support the show, please review us wherever you get your podcasts and donate!  Our Patreon link is here.Support the show

By Davy Crockett You can read, listen, or watch In 1882 it was declared, “The six-day walking matches are the sickest swindles gamblers have yet invented for defrauding a virtuous public.” Well, many of both the public and the running participants were not the most virtuous people on the planet at that time, contributing to the wild strange stories that continually occurred related to the sport of ultrarunning/pedestrianism. My new book! Grand Canyon Rim to Rim History Also, this opinion expressed in the New York Herald was common, “A six-day walking match is a more brutal exhibition than a prize fight or a gladiatorial contest. In the last half of a six-day walk, nearly every contestant is vacant minded or literally crazy, he becomes an unreasoning animal, whom his keepers find sometimes sullen, sometimes savage, but never sensible.” During this era from 1875-1909, at least 400 six-day races were competed worldwide with millions of paid spectators. The stranger things that occurred related to the sport of that age were a collection of surprises and tragedies. John Dermody Joins a Women's Six-day Race Brooklyn, 1880 In December 1879, John Dermody, age 45, was a homeless lemon peddler in Brooklyn, New York. The six-day race ultrarunning/pedestrian fever was raging in America. He believed that his business had hardened his leg muscles with great strength and that he would make an excellent professional pedestrian, and he longed to compete in one of the dozens of races that were being held in the New York City area that year. Dermody could not find anyone to back him financially and help him pay an entrance fee to a race. A Women's International Six-Day Tournament was scheduled for December 15-20, 1879, in Madison Square Garden with 26 entrants. As it approached, Dermody became so interested in it that he had been unable to think or talk of anything else. Saloon site today On the Sunday afternoon before the start, Dermody entered the Darwin & Kindelon saloon at 507 Third Avenue, drinking perhaps too much and jabbering about the sport of walking, wishing that he could see the start of the women's tournament. Darwin, a known practical joker, asked Dermody how he would like to enter this contest.  “Dermody seemed perfectly delighted. His acceptance of the proposition was hailed by some practical jokers as a good chance for amusement, and they at once began to improvise a female wardrobe which would conceal his sex. His flowing reddish beard was shaved off in a neighboring barber shop, and he was dressed in a calico skirt and spotted jacket.” They added a pair of long stockings, a handkerchief around his head, a blue veil around his neck, and three yards of white gauze to make a sash to hide his face.  They made a bib number with “32” to be suspended from his neck. Ready to go, his new backers took him to Madison Square Garden where the race was about to start. Out on the Track “The party hid his raiment under an overcoat as they entered and unshrouding him in a sequestered part of the place. That done, they slipped him under the railing out on the track and away he sped, with his arms going like windmills and his raiment flying out behind him like a comet. A batch of the authentic contestants had just passed, and the counterfeit put on a spurt to overhaul them.” A roar of laughter arose as the audience began to discover what was going on. Around the track he went in a happy-go-lucky style, trying to catch up to the leader. Just as he was finishing the first lap, Sergeant Keating of the 29th precinct, observant that the bib number 32 didn't make sense because there were only 26 starters, stepped on the track to arrest Dermody. Arrest “It was no easy matter catching up with the phenomenal contestant, but the Sergeant at length brought Dermody's pace down to a walk and made a circuit of the track in his captor's custody.” He locked him up for the night at the precinct.

Duffy's Tavern starring Ed Gardner as Archie, orignally broadcast December 22, 1948, 74 years ago, Miracle on Third Avenue. Archie is depressed after not getting a Christmas bonus until a stranger pays him a visit. Also Fibber McGee and Molly, originally broadcast December 23, 1955, 67 years ago. The story of, "The Patient Little Star" is told once again (first heard in 1954). Visit my web page - http://www.classicradio.streamWe receive no revenue from YouTube. If you enjoy our shows, listen via the links on our web page or if you're so inclined, Buy me a coffee! https://www.buymeacoffee.com/wyattcoxelAHeard on almost 100 radio stations from coast to coast. Classic Radio Theater features great radio programs that warmed the hearts of millions for the better part of the 20th century. Host Wyatt Cox brings the best of radio classics back to life with both the passion of a long-time (as in more than half a century) fan and the heart of a forty-year newsman. But more than just “playing the hits”, Wyatt supplements the first hour of each day's show with historical information on the day and date in history including audio that takes you back to World War II, Korea, and Vietnam. FDR, Eisenhower, JFK, Reagan, Carter, Nixon, LBJ. It's a true slice of life from not just radio's past, but America's past.Wyatt produces 21 hours a week of freshly minted Classic Radio Theater presentations each week, and each day's broadcast is timely and entertaining!

J Darrin Gross I'd like to ask you, Jason Aster, What is the Biggest Risk?   Jason Aster   In my little space, the Biggest Risk is willful blindness to what you should be paying for your lease. You spend a lot of money and time getting into these major leases, hundreds of 1000s of dollars in legal fees, brokerage millions and brokerage fees depending on what party you are, you know, FF and E fit out for you 200 bucks a square foot a huge amount of money getting into them. I think you mentioned this before. It shouldn't be your duty, if you're going to spend this amount of resource to get into it to make sure you're getting what you're supposed to add of it. So the biggest risk is just being willfully blind and not having an expert. Look at it behind the scenes. The interesting thing about risking our space and kind of in relation to the way you describe your day to day work is is operating expense pass throughs is a risk adjustment. That's what it is the landlords back in the 70s, they just charged rent. Like a lease when you were a kid in an apartment, like you paid your rent, and they factored in some amount into it. And then one day, their insurance policies when there was a fire now the rent another, what do you do? You got to pass it through, you have to shift the risk. operating expense theory is a shifting of the risks that landlords have said, You're backing this up, it's too much risk. look and think about all the things inflation is happening too fast rents not enough, I don't have the ability to Jack my rent though. My insurance policy taxes are going up. Right, the union rebar bargained for something right 32, BJ in New York bargained for better fringe benefits. And now I have to pay that, I have to figure out how to reallocate the risk of operating my building across my tenant that basis because I can't bear it anymore. That's what operating expenses are, they're an adjustment of risk. What's happening now from a risk perspective, other than just please Don't bury your head in the sand, pay whatever the landlord tells you is inflation. How do you avoid inflation? It's hard. And Elise, because least has happened one time and then you sit in, right? In your world insurance, landlords pay a fortune, as you know, for insurance, and they have every right to pass that through, guess what they can't control the cost of insurance. So if inflation increases the cost of insurance or some pandemic increases the cost of insurance or some you know, environmental thing, they got to pass that through. So that's construct that's considered an uncontrollable cost, right landlord can't control insurance, they can't control taxes, they can't really control within reason, the amount of money they spent for utilities. So when you negotiate a lease, landlords will fight as they should, to say, I can't control these these things, we're gonna call them costs, I can't control, you just gotta pay your pro rata share, it is what it is, I'm not going to fluff it up, I'm not going to put a percentage on top of it. So if I pay $1, for insurance, and you have half my building, I'm passing through 50 cents to you. And that's fair. The other bucket of things, all the other things cleaning security, right? You know, certain common use of things that is controllable, who you hire, what rate you pay for it would cost to manage your building is a big number. Sometimes those are controllable expenses. And that's where tenants can start to adjust their risk, including caps to, I guess, Cap inflation, right? If inflation is causing the rise of payroll, payroll is going up in the CPI is going crazy. What do you do? Well, if I think about it in advance, well, you know, inflation is usually around four to 5%. What if I kept kept some of these costs that the landlord can control? Now I'm adjusting my risk, because I don't have to worry that if we hit a hyperinflationary period that I'm ever going to pay more than this 5% cap on these costs. Now these this is only fair to a landlord, if these are costs the landlord can purportedly control. That's the road, right? That's where you need lawyers. How do you argue what's controllable, if I'm a landlord, I would go I can't control payroll, I'm in I'm in a union state. They tell me pretty good argument that I call BS. But you know, if you're a tenant, you're not well represented, you know, you're right, you can't control, right. But there's all these like, really interesting nuances. And it's all about shifting risk. It's all about shifting the risk of operating one way or another. And the bigger the better the tenant, the less risk they're going to assume. And the more they're going to push back on the landlord. And in today's market, landlords are happy to have tenants. So you will see, if you are a company looking to negotiate a lease, maybe you're negotiating a smaller one, but you're still negotiating, you might actually have an opportunity to adjust some of their shifts, some of them it's back to the landlord in the operating costs of us. That's what I would say in the landlords are going to do the opposite. Right, rents are going down in some markets. I mean, I mean, this is insane market, right? You go to the middle of Manhattan, and rents have never been higher commercial office rents. One Vanderbilt Hudson Yards one Manhattan recipe show $250 a square foot people are gobbling it up. Three blocks over on Third Avenue. Can't give it away for free, crazy. So if you're a landlord, and you happen to have great product, you're pushing the rest of your tenant. You want to be in here. If you have a half empty building that was built in 1976, and nobody wants to be there, it's a free for all.

What's Trending: A trooper is shot in Walla Walla and certain laws have made us less safe, the City of Seattle wants to clean up Third Avenue and Washington apparently has aggressive drivers. // John Fetterman's medical records come into question again and more talk about migrants crossing the border. // The Air Force Academy promotes an anti-cisgender male organization. See omnystudio.com/listener for privacy information.

Jon Scholes takes a seat in the guest spot for episode 18 of the Seattle City Makers podcast. Producer James Sido and Jon discuss a business trip to D.C. focused on urban recovery, common issues facing cities across the country, DSA's vision for Third Avenue and positioning downtown Seattle as a Central Connection District and more. Join us for Seattle City Makers with Jon Scholes and guest host James Sido.

On the "Today in San Diego" podcast, strong recommendations from local and state health officials regarding Covid, the Downtown Chula Vista block party kicks off tonight on Third Avenue and Costco Wholesale raises prices on some of their iconic food items.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

If you have any concerns about our current financial markets, you need to hear from David Barse, CEO and Founder of XOUT Capital. With over 30 years of experience in the markets, including 25 years as a CEO for a firm with $31 billion assets under management, David has experienced two significant financial crashes firsthand, making the current his third. His advice will help you weather the days ahead. David started as an attorney before the 1987 market crash, clerking first in bankruptcy court, followed by representing creditors in organizations. In positioning himself to assist the distressed security market, he was introduced to Marty Whitman, a broker-dealer. Together they launched Third Avenue Management, which David grew to have $31 billion in assets under management. That is until the 2008 crash wiped out around ⅔ of the assets. He learned profound lessons from these two experiences and their aftermaths, such as the value of your reputation and the need for patience. David shares the three insights from his time as CEO of Third Avenue that helped him form XOUT Capital. Those insights can help your investment decisions in these markets. David is also the executive producer of the Academy Award-winning documentary Summer of Soul. He shares why he waited 30 years for the right opportunity to back a film, why he chose that particular story, and how COVID-19 enabled them to add to the project. David was proud of the documentary's story and that it won recognition, but the moment was tarnished when Will Smith slapped Chris Rock immediately before their award presentation. He talks about repercussions and the need for perspective.

In this episode of The Raz Report, Jason Raznick speaks with Jakub Rehor, Co-founder and CIO of Lucy LabsJason and Jakub talk about:What is a perpetual swap?How To Navigate Crypto VolatilityWhich is a better investment - USDC vs USDTWhat happened with Terra USD?Algorithmic Stable CoinsAdvice for retail crypto investorsAdvice for institutional crypto investorsWhat works in crypto trading vs what works in traditional financeGuest:Jakub RehorCo-founder and CIO of Lucy LabsTwitter: https://twitter.com/jakubrehorLearn more about Lucy Labs here!Host:Jason RaznickFounder, CEO of BenzingaTwitter: https://twitter.com/jasonraznickSign Up to Benzinga Pro today to receive most exclusive interviews, news and stock picks fast!https://pro.benzinga.com/Click here for more episodes of The RazReport.Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.Transcript:In this edition of the RazReport we have Jakub Rehor Co-Founder and CIO of Lucy Labs. Jason Raznick: This is going to be an exciting one because he has tons of experience working at hedge funds from Third Avenue and just being in this industry, being in the McKinsey. So I'm going to stop talking now and start asking questions, Jakub, you have a lot of interest in experience from crypto to equities being at multi-billion-dollar value fund for many years. But before we get into all that fun stuff, where did you grow up?Jakub Rehor: I grew up in Czechoslovakia, so it was in the 1970s and 1980s. So it was still a communist country and it was a very different place than then living here in the US now.Jason Raznick: So you went through the Velvet Revolution? Jakub Rehor: Yeah. The Velvet Revolution. One thing I might mention, because it has something to do with crypto is there was an interesting currency situation in Czechoslovakia.So you had the national currency, which was the crown and that's what you were to earn and you would spend in regular shops, but you also had hard currency stores that had stuff that the regular shops didn't have. And if you want it to be shopping in those hard currency stores, you need i the special vouchers that that were exchangeable for a higher currency.And you could go into these stores and use these vouchers to pay for, more luxury luxurious stuff. And nobody would really ask you how you got your hands on it. That it was a, it was just considered to be okay. And the third currency that was circulating in the country was the Deutsche Mark.If you were planning to go on a vacation abroad or you were planning to live it up and go to restaurants and buy some souvenirs you would use Deutsche Mark. So there was really like three currencies in circulation in the country. And there was a gray market where people would be changing from one currency to another.So I'm familiar with with a situation where technically you have a single currency, but you have actually in reality, multiple circulating currencies with fluctuating exchange rates. And the connection to crypto is that people are talking about now, oh, why would we even have something like Bitcoin running in parallel with whatever the country currencies is?And it's so strange and there will be never any need for it. And I'm like, no, that's normal to me. I grew up with that. That's just absolutely normal state of affairs.Jason Raznick: And so you going with those multiple currencies, do you think then, like the Bitcoin revolution will be here stay? Jakub Rehor: Oh, it's absolutely here to stay. Nobody will uninvent Bitcoin. We now know that it's impossible. Whatever happens to Bitcoin in itself somebody will come up with a new cryptocurrency. It's just you'll never put this genie back into the bottle. What Bitcoin did was to do something that was considered impossible.Prior to that, a lot of people have tried to create native internet currency, and a lot of them foundered on the same set of problems. They, it was centralized. It was easy to shut down. It was referring to an underlying FIAT or underlying commodity and it was difficult to keep the ledger synchronized around the world.And Bitcoin solved all of these problems. It really, it is a real breakthrough in computer science.Jason Raznick: It brings you back to when you were growing up in Czechoslovakia where there were multiple currencies.Jakub Rehor: Yeah. And the problem that Bitcoin solves are very often not problems that we have here in the US here, the payment systems work pretty well here.Banks work pretty well. You're not worried about your ATM stopping working tomorrow. So explaining the value of Bitcoin to Americans is a little bit like it, it sounds a little bit unreal, the problems that it's trying to solve, but you go outside of the US you go to countries like Cyprus or Lebanon, Venezuela Iran. They get it. They mean they understand that solves their problems today and here.Jason Raznick: So going back to your upbringing, you ended up going to school at Yale. Was that from Czechoslovakia or like how'd you end up in Yale?Jakub Rehor: So I was studying electrical engineering and Czechoslovakia, and I was involved in the students strike.I joined the national student strike coordinating committee, which was part of the Velvet Revolution. We basically built the check internet very early on.We connected all the universities across the country hook them up and we use that network to print and distribute all the materials that the the development revolution leaders were putting out. Our goal was to break the monopoly, the media monopoly that the communist media had and get all this information out into people's hands.And we mentioned to do that in a space of a week, about a week and a half. We we hooked up basically all the printers and copy machines and fax machines that we could get our hands on. And we were printing we're printing posters and materials by the tens of thousands. We had them on all the streets in the country.Jason Raznick: And did it catch on?Jakub Rehor: Yeah. When the student strike started it originally was just a couple of schools and then it snowballed it started at the theater academy. Then, we joined as the electrical engineering and pretty much all the schools very quickly joined on and 10 days after the start of the strike, we were able to organize a general strike where the whole country shut down for 2 hours. To send the message to the government that we can prove that we have general support for what we stand for.And in order to organize the general strike, you really needed to coordinate all this information, get it out, get it into the right hands. Early on we realized that kind of, again, there's a connection to Bitcoin.The problem really wasn't in trying to encrypt the communication on our network. We didn't really care if the secret service was reading us or not, because we were putting it out and posters and all that stuff. Anyway, the real challenge was to authenticate the information. We were worried that the state security would try to inject some provocative material in there to try to disrupt us by sending false information. And there, so authentication was, it was more of an issue than.And it's very similar to Bitcoin where all the transactions are visible to everyone. They're not encrypted, which address sent how much to what address, but the important part is authenticated. You cannot fake sending money. You cannot send money that you don't have.Jason Raznick: So then you make your way to America and you go to Yale. Did that change you? Did the Velvet Revolution shape the person you are today? Jakub Rehor: Yale was a wonderful experience. You are surrounded with a lot of bright, talented driven people and it's it was a great environment to encourage you to go and and pursue whatever interests you have.Jason Raznick: so from Yale, did you go right to your first job?Jakub Rehor: Yep. Went straight to McKinsey. Spent a couple of years at McKinsey doing consulting at various places. Jason Raznick: What kind of companies were you consulting for at McKinsey?Jakub Rehor: It was a very interesting batch of companies. My first client was a, it was an online service, actually, one of the first online services.This was before internet really caught on. So in those days you had the three companies, CompuServe, Prodigy, and AOL, and they had a strategic issue. What do we do about this internet thing? Are we just gonna ignore it? Because we have much content on our own network or are we going to take this bet that over the long-term the content that's available on the internet is going to be better than what we have inside our network.And okay. If you decide to take that bet what does it mean? What kind of technology do we have to build? How do we connect our customers with that? How do we do our marketing? It was really interesting times. It was the early days of the internet.Jason Raznick: Is that something that you were striving towards? Jakub Rehor: Yeah. It's like basically whatever I did, I couldn't get away from the internet and the technology. It just follows you everywhere.Jason Raznick: Then you left McKinsey. And is that when you went to Marty Whitman's Third Avenue?Jakub Rehor: Not directly, at first I went to Sanford Bernstein. Then I went to Putnam Investments and then I ended up at Third Avenue. So I actually started doing value investing at Sanford Bernstein. I was an equity analyst and then worked my way up through being more senior, all the way to PM level at the Third Avenue.And so I spent a long time analyzing balance sheets, analyzing companies, analyzing businesses and making investments and running portfolio construction, running a managing risk and all that wonderful stuff.Jason Raznick: So at Third Avenue, we came all the way to PM. How many people were there at Third Avenue?Jakub Rehor: At the time it was about 100 people, about 20 people were in the research department or in the investment.Jason Raznick: What made you want to go from McKinsey to Wall Street?Jakub Rehor: The best part of working at McKinsey was doing the strategy, research and thinking longer term, the hardest part of working McKinsey was doing cost cutting.So one of the studies I was on was that a electrical utility where, they had a capital budget that it was getting a little bit out of control and you had to go in there and start cutting expenses. So you would go and identify the projects that needed to be shut down. And that's it's pretty stressful situation because you talk to people whose jobs are linked directly to these projects.So they know that if this project gets canned, they may have no future of the company. So they will, they try to fight really hard to preserve it. So you end up in this like hand to hand combat where you fighting against the people you're trying to help. It's quite stressful. And it wasn't all that enjoyable.Going into Wall Street and equity investing is very much like becoming a strategy specialist, right? You're thinking about longer-term issues. You spend a lot of time researching what's going on, but luckily you don't have to go there and actually do the hard things that are required to run a business.Jason Raznick: So then you start researching this crypto space. And is that when you're like your co-founders you got ready to create lucky Labs?Jakub Rehor: Yeah, that was pretty much around 2017, early 2018.So my co-founders: One of them came from investment banking and private equity. He was actually the CEO of Lehman Brothers, North American Equity Sales. So he's very familiar with that side of the business, with things like prime brokerage execution, operations, all that stuff. And the other co-founder is a technology specialist and he started his career working at JP Morgan, working on their foreign exchange trading desk.When it first became automated in the early 1990s and his latest project before we started Lucy Labs was he was a consultant for ISDA, which you may be familiar, it is the is the organization that regulates over the counter derivatives trading. And they had a long project stemming from the financial crisis in which they are forcing over the counter traders to put up margin.Historically OTC trades were done without a margin. Which led to problems when Lehman Brothers blew up. And the ISDA, a margin project went on for several years to create the methodology, to calculate margin requirements for any derivative ever traded anywhere in the world. So you can imagine that was a huge project. And our co-founder Rob was was the lead consultant.Jason Raznick: What are the first two things you did Lucy Labs? Jakub Rehor: The first thing was let's figure out what works here. This is a completely new market that we don't know anything about, which is very exciting. A little bit scary too. So we rolled up our sleeves and start figuring out how to do execution here, how to find investment opportunities, how to get historical data, how to put it all together and roll out to an investment strategy.And so we did that, we were a prop trading fund for three years, we were doing it with our own. And investigating as much as we could about the market.Jason Raznick: Are there that work in traditional finance, but don't that don't work in crypto?Jakub Rehor: So I would say even most things in traditional finance don't really work in crypto. So coming in as a value investor, there's really no value investing in crypto. It's very difficult to figure out intrinsic value for any of these projects. People have tried, we have certainly tried it's a very difficult problem.And I don't think that anyone has found a way to make it. What does work is a momentum-based strategies. So momentum is something that has worked on all sorts of assets over long periods of history. And so when we started looking at crypto, we had this theory that, it probably will be working in crypto as well.And we were pleasantly surprised how powerful the momentum factor is within crypto. It is it is actually quite surprisingly powerful. Crypto is very much driven by sentiment by retail trading and a momentum just captures that very well. Jason Raznick: And this volatility is macro volatility. What do you make of it in the crypto space? The past few weeks? Jakub Rehor: We've been in this space for 4 years and this is just par for course, this is actually not even particularly. Painful period in the sense that we've lived through the bear market of 2018, we've lived through the 2000, 20, early years in the bear market in 2018.Just to give you a little comparison, Ethereum was down 95%. From peak to trough in a space of less than a year. That's a very painful situation. Bitcoin was down over 80% peak to trough. So that's what a bear market in crypto looks like. Similarly in 2020 to March, 2020, we went through a 24 hour period in which Bitcoin dropped 50% in 24 hours.In crypto you have to deal with the volatility. Your models have to take that into account. You cannot be leveraged you, your risk management has to be, on top and you just have to expect that there is a, there is always something scary happening.Jason Raznick: How do you guys go about trading in crypto? Jakub Rehor: So we do a bunch of things, so I can describe a few of those things.Let's talk about the momentum trading. We have a pretty active program in which we take long positions in crypto coins when momentum is positive and we go to cash when momentum turns negative. You look at the recent historical performance and in general, there is an autocorrelation of performance. So things in crypto that have gone up recently have a tendency to keep going up and things that have gone down recently have a tendency to go down. So that's the bet you want to be taking. The downside is you will miss the turning point. So when things start bouncing off a bottom or an instinct, things start rolling at the top.You're going to miss that, but that's actually over the long-term, that's a price that's beneficial to pay. So we would when there is a bear market in crypto thing, things start selling off, we will generally go into cash. And that's certainly what we've been doing. Most of this year in that our models started putting us into cash towards the end of last year, towards the beginning of this year.And we were almost completely in cash for the past month or so.And you don't necessarily even need a very elaborate models, any sort of trend model will tell you to get out of the market over the past month or so.Jason Raznick: Okay. So then how do you know when to get in? Jakub Rehor: You wait, you miss the bottom. You see the market turning around, you see the price momentum picking up, and then you jump back on with the expectation that you will probably get in 10 or 15% above the bottom price. But again, in the longterm, that's a very good trade-off to take.Jason Raznick: So are you guys getting back in now?Jakub Rehor: No, we're still waiting for things to stabilize.Jason Raznick: When do you think that will be? Jakub Rehor: One thing I've learned is not to try to predict the markets. it's way too hard. So I, I have no idea when this will turn is there more downside it's possible? Again, in 2018, we've seen 85 to 90% drawdowns in crypto. So it's certainly possible is that what's going to happen? I have no idea. We're going to, we're going to let our models tell us when to get in.Jason Raznick: Are you in straight cash or are you doing stable coins? How do you handle that? Jakub Rehor: There are a number of things you can do in the crypto market if you want to be market neutral. There are strategies that you can do to generate returns. So I can mention a few of them.So one is a trade in crypto that does have a counterpart in traditional markets. And it's called a Basis Trade. The idea here is you may have a derivative, let's say a future that's trading at a different price from the underlying, so you can have a future on Bitcoin trading at a premium to the spot price of Bitcoin.And a simple trade is you can go short the future. You can buy the underlying spot and at the future expiration, that gap is going to close. And you're going to collect that spread. So that's the traditional basis trade that works in traditional markets. People do this in US treasuries and commodities and all sorts of things. But it also works in crypto and in crypto, there's actually a slightly, different version of this.The dominant product in crypto trading is a Perpetual Swap, which looks a little bit like a future, but it has no expiration. And the way the mechanism works is that when there is a difference between the derivative price and the underlying price, there's a funding rate that goes from one side to the other.When the derivative is more expensive than the spot, the people who are long are paying people who are short. So you can put a short position in the perpetual swap. You can put a long position in the spot and collect the funding rates. And that's a trait that historically has been providing returns of about 10% to 15% per year. There are periods when it makes more money than that. When there is a lot of speculative excitement and speculative mania we have seen it book 30%, 40% annualized. And then there are times when people are running away from the market and you will be generating maybe 0% or low single digits.Jason Raznick: I personally put some money in stable coins, USDC right? What you were describing is too complicated for me, I won't understand.Jakub Rehor: Stable coins is a safe place to be when things start falling apart. But of course, stable coins, it's a minefield as well. There are multiple kinds of stable coins. There's the very simple kind of, that works like a money market fund in traditional finance. There it's a fully backed by reserves and the stable coin is just a token. It works like a share in the underlying fund. And the fund hopefully is fully collateralized and it always has a 100% of its assets in cash or cash like products. So USDC is a great example of that, right? That's a that's a stable coin that's fully backed.Jason Raznick: Would you say USDC is very safe?Jakub Rehor: I would. I would put also USDT with USDC. So people think that USDT is an algorithmic stable coin, but it's not. It's exactly the same idea as USDC. They are also backed by reserves. they started disclosing their reserves and the composition of their reserves. So you can look at their statements and figure out what. How well back they are and how much confidence you can have in them. So USDT is actually a fully backed stable coin and it's not subject to the same problem that the algorithmic stable coins have.Algorithmic stable coins are completely different. And there are really two kinds. You could imagine a situation where you do not have US dollar reserves backing you, but you can have crypto reserves backing the dollar peg value of your stable coin.Because crypto is so volatile. What you need to have is you need to be over collateralized, right? If you're issuing $1 worth of stable coins, you probably want to have at least $2 worth of crypto backing you because if crypto falls down 50% you are still fully backed.So over collateralized, stable coins are, they're not necessarily that great because crypto can fall more than 50%, but at least it's a reasonable stab at approaching this problem. There's a whole, another class of algorithmic stable coins that are under collateralized. So they issue $1 worth of liabilities and they have less than $1 worth of assets, and that is crazy stuff. And those are bound to blow up. And Terra USD was definitely one of those where they were under collateralized. They issued billions of dollars worth of the pegged stable coin. And the mechanism that they had was saying if a lot of people come in and try to convert to US Dollar at parody, we have these other things that that we can print unlimited amounts off, and we're going to print this thing and we're going to sell it. And that way we'll generate the value for the stable coin, which obviously is insane because when you have a run on the bank when you have a run on the stable coin, the value of the stuff that you are printing is starting to collapse so you have to keep printing more and more to generate the same amount of value. And you end up diluting that second asset to zero and you end up breaking the peg. Terra USD is not the first one where it happened. There was a bunch of other ones in the past. It is absolutely amazing to me that people keep falling for this. But here we are, people put tens of billions of dollars into this.Jason Raznick: What do you think got people so into it? Jakub Rehor: There's the old saying in the markets, "Bulls make money, bears make money, and pigs get slaughtered." People just got really piggish. These 20% yields sound amazing.I think that a lot of people did understand that these yields are unsustainable and they are they were funded by the VC investors or the launch of funds that that Luna the project behind the stable coins raised.So they understood that these 20% yields wouldn't last, but they thought, I'll just collect them for as long as I can and get out. And, as we know, getting out is the hard part.Jason Raznick: Getting out is the hard part. And so when you're in cash, do you guys do just say "Hey, I'm going to buy some USDC"?Jakub Rehor: Sure, we do that. Jason Raznick: What about Terra Luna?Jakub Rehor: No, forget it. Nothing algorithmic. We wouldn't feel comfortable with that.There is actually an interesting innovation going on, so I would say. There is one potential new kind of algorithmic stable coin. That is interesting to watch. It's tiny. It's still an experiment. We'll see if the experiment is successful or not. But the idea is similar to what I just described about the basis trade, right? So when you have a basis trade, you sell a derivative and you buy the underlying spot. What do you actually generate is like a synthetic stable coin. You create a synthetic dollar that. And there are people out there who are trying to generate to create synthetic dollars exactly. By doing this, by putting these offsetting positions on the derivatives and the spot markets, and they're doing it on decentralized exchanges. So that is an interesting idea because it's not really subject to the same risk that the traditional algorithmic stable coins are because even in Iran, you should be able to liquidate both sides and and be able to defend the peg.Now. It's still early days. There's only, I think few million dollars experimenting with this approach. And a lot of this depends on the infrastructure outside of these folks control. If you are issuing a stable coin like that, you need fairly liquid markets in the derivatives that you use to back this up, those markets have to provide a 24 / 7 availability. You have to be able to withdraw money fairly quickly. So the infrastructure really needs to be there. And the danger is that we are still too early and the infrastructure cannot support that. But it's a very interesting.Jason Raznick: And are you guys trying to get involved with these experiments or are you just watching it? Jakub Rehor: We're watching at this point and cheering on from the sidelines.The whole crypto space is a thousand experiments right now.Jason Raznick: Do you think there should be more regulation in the crypto space? Jakub Rehor: Regulation is coming, there is no doubt about it. Regulation makes sense when the market is a little bit more mature and it becomes obvious what is the right thing to do and what is not the right thing to do.Regulators are not really equipped to know upfront. What is a good idea and what is a bad idea. And right now, you see a lot of the regulators around the world, including the US stepping back and trying to figure out what the heck is going on. What should we allow? What should we not allow? And that allows the space to do a lot of experimentation and sort of by learning, we're going to discover what is a good idea and what we should just. Let it happen again.I think algorithmic stable coins is a very dangerous idea and we're getting a lot of evidence for that. And I think the regulation is going to clamp down on that. At the same time, fully backed, reserved stable coins are sailing through this crisis pretty well and I think the regulation again should reflect that and encourage that sort of product as opposed to the more algorithmic ones.Jason Raznick: Who is Lucy? Jakub Rehor: Our CTO came up with that. There was a fairly famous fossil form of the early human, like before humans really evolved to become modern humans. And it's so it's it hearkens to that. It's like early steps in this new world that is being that is developing in front of us.Jason Raznick:What else does Lucy Labs do? Jakub Rehor: So we have a blog on Medium we just launched, a blog talking about crypto products. The first post specifically talks about perpetual swaps. The history of them. It's a product that's unique to crypto doesn't really have an exact equivalent in traditional finance. So we spend a little bit of time explaining how it works and what are the tricky things to be aware of working with that. And we're really enjoying that. So I think we'll be doing a lot more to have that.Jason Raznick: What are perpetual swaps? Jakub Rehor: So perpetual swaps it's super interesting. It's a version of a future. Traditional futures of an expiration. So usually every three months or so the future expires and it's settled either with the underlying or it gets settled in cash. And when the crypto exchanges started taking off, that was the product that they offered and they discovered that retail investors actually had a real trouble.managing Futures, the managing the expirations. People would forget that, third, Friday in June or whatever is the expiration date. And they would log into their account once every two weeks. And one day they would log into their account and their position was gone and they will be like, oh my God, what's happening.The traditional futures turned out to be not a great fit for crypto. So a number of exchanges started experimenting and one of them called Bitmax which was based in Hong Kong in those days they played with different things. They tried to shorten the futures to have expiration every 48 hours then every 24 hours. And finally they decided what if we never expire this thing? Just make it perpetual. Then the issue you have, how do you make sure that the swap price doesn't drift away completely from the underlying, if you don't have expiration that will force those two prices to converge, how do you make sure they don't just, it just doesn't walk off into space.And the innovation they came up with is they first started thinking of referencing some outside interest rate that would and you were to charge the people who were on the wrong side of the trade. So if the future was too expensive they would charge people who were long. And the question is, how do you set an interest rate in crypto, like what is the Bitcoin interest rate? There's really no good answer for that. So they decided let's just generate it from the price itself. Let's just look at the difference between the price of the swap and the price of the underlying. And let's charge that difference.That will force people who are long to be paying a lot of money and hopefully it will incentivize them to close the position and sell the long position, which will force it back to the equilibrium price. And when they first came up with that, nobody knew if it would work or not. It was a real experiment. It was a kind of stab in the dark. And in the first 6 months, it was pretty hairy. The prices were all over the place. The swap price was drifting away from their underlying and it was a little bit chaotic, but after about six months ARPS figured out how to play this game and over the past 2 or 3 years, that market has really matured and it became the predominant way of trading crypto outside of the US. The perpetual swap markets are anywhere on the order of 5 to 10 times greater than the underlying spot markets.Jason Raznick: One of the things you mentioned earlier with Marty Whitman, you are an investigator and you're looking for opportunities to companies and you can value, invest and see stuff that people aren't seeing. Is this similar to that?Jakub Rehor: It's very similar. It's again, you're being a detective and you constantly ask questions like what's going on and why? The way we really wrapped our head around the perpetual swaps was we were taking regular positions in the spot markets, and then we saw liquidity as much better in the perpetual swap so why not start trading that we started trading that. We're getting hit with these funding costs. And we're like, oh, we hate paying these funding rates. Hear me out. What if we start collecting them instead? How would you go about it? And very quickly we figured out, okay, you can create the synthetic position and do this.And yeah, you stay, you learn by doing. The way you discover these opportunities, you are active in the space. You trade, you do experiments and you discover things that you didn't realize were happening and you'll find new opportunities all the time.And we'll help amplify your blog and get people to get the word out.Jason Raznick: What advice do you have for crypto investors?Jakub Rehor: I would say with retail investors, crypto is a very risky, very volatile asset space. You do want to be in it longer term, but be aware that these 80% drawdowns are happening and are likely to happen for the foreseeable future.So position sizing is the most important thing you need to worry about. If things get really tough. Can I survive this, don't put on too big a position and definitely do not put on leverage. Retail investors tend to get in trouble with too much leverage on their positions.But longer term. Crypto is very likely to be around for a long time. And learning about it is best done by trading and being active in the market. Be there and trade it. But keep it Small enough that you can afford the pain of the downturn, similar to what we're seeing today.for institutional investor, my advice is slightly different. I would still say you should be experimenting in this market. The interesting thing is the infrastructure for trading that's being built in crypto markets is, I would say a hundred years ahead of what's in the traditional markets that you are used to, the efficiency and effectiveness of the trading platforms is going to absolutely steamroll, the traditional trading venues.And I would recommend to start learning about how things work there so that when it happens, you'll be prepared. I'll give you an example, the huge difference between a traditional infrastructure and the crypto infrastructure in traditional infrastructure. Let's say you trade futures and the way you to say you're trading futures on wheat, for example.So you have to put up a margin and at the end of each day, your position is marked to market and the exchange calculates any additional margin that's needed. And you have until the next morning to come up with the cash to keep the position. OIn that period between the calculation of the margin and depositing of the cash, the exchanges that.If you actually go bankrupt, the exchange may not be able to collect. And, they have a fund to insure them against that. But it is a real business risk for the exchange, which is why they set the margins very high. To live with having that risk on their balance sheet.So the size of the margin is a function of the payment cycle and the settlement cycle. In traditional finance, the settlement cycle has to be at least 24 hours because the traditional payment rails take 24 hours to get, your payment from your bank to the exchange or the broker.So by nature, they cannot offer high leverage in the products that they. Just because of the settlement counterparty risk issue.You go to crypto exchanges and you realize that they have the recalculate, the margins at a much higher frequency. The exchange. I mentioned BitMax, actually, they started recalculating margin on every tick.So every trade happens, they go and go through a million accounts that they have and recalculate the margin requirements immediately. So they don't have that 24 hour delay for them to be at risk, they can liquidate positions much faster than that. Because of that they can lower their margin requirements. And some of these guys used to offer a 100 times leverage. Thankfully they reduced that now, but you can still get 20 to 25 times leverage on your crypto positions. The exchanges can afford to do that without putting themselves at risk because of this much faster settlement cycle that they have available.Now, if you are an institutional trader and you doing things like hedging, you're doing things like arbitrage. Where do you want to execute? You obviously want to execute at the place with lower margin requirements because you'll have a better capital efficiency. You'll have a higher return on capital.So liquidity is likely to stay at these crypto exchanges that have the newer techniques. And we're seeing that clearly in, for example, the Bitcoin futures market. CME rolled out its Bitcoin futures product in December, 2017. So it's four years now. And they only have about 5% market share in global Bitcoin futures trading, which is amazing.CME is leading venue for derivatives trading. How come they cannot get more market share than that? And the response is because of the, how slow their settlement cycle is. They are requiring 35% margin for any Bitcoin position while the crypto exchanges, they may ask for 3 to 5% margin for the same position.So again, as an institutional investor, you'll be better off trading on these new exchanges.Now these guys, the crypto exchanges are coming into the US so right now, there is a hearing in front of the Congress Senate Agriculture Committee. And and there is a application with the CFTC in which FTX, which is one of the leading crypto exchanges is trying to bring this 24/ 7 trading in commodities with instant margin calculation, and an instant settlement so T plus 0 seconds. If this gets approved and really, there's no reason why it shouldn't be it needs to work its way through the regulatory process, but if this gets approved and you will get a fully regulated exchange with these parameters, can you imagine what that's going to do with people like CME?The reason CME is doing things this way is that's how you did it in 1868. When you were started, when you literally had a guy, in the morning, run to the bank with a check. And deposited with the clerk on the exchange at 7:30 AM. And if the check wasn't there by 8:30 AM, the positions would be liquidated that's and it's baked into all of their systems.They are, it will not be easy for them to upgrade their system to be able to compete with this.Jason Raznick: Do you personally buy Bitcoin or were you an early investor in Bitcoin? Jakub Rehor: Oh yeah, way too early. I bought my first Bitcoin back in 2013 or something like that. It was $14. I was down 80% within a month of my purchase. So yeah, it was a small amount of money.Jason Raznick: Do you have a favorite crypto?Jakub Rehor: I'm still partial of the Bitcoin, my first love.Jason Raznick: The last one is what's your worst or your first job? That's a question I always ask.Jakub Rehor: I did all sorts of things. I painted houses. I work in the fields. I worked in bakeries. So it's a very wide range of things and honestly, they're all fine. I think any job is what you make from it. What you make of it. You can learn a lot of from just painting a house.Jason Raznick: And if people want to check you out, where should they go?Jakub Rehor: We are at https://lucylabs.io/.Jason Raznick: Thank you for coming on the RazReport. We appreciate it.Support this podcast at — https://redcircle.com/the-raz-report/donationsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

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