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    Tracking your plastic: Exposing recycling myths (Marketplace)
    Articles, Blog

    Tracking your plastic: Exposing recycling myths (Marketplace)

    November 29, 2019


    [♪♪] [David] We’re stepping into
    the shadows of the world’s multibillion-dollar
    recycling industry. Look in there. That is huge! To find out why Canada’s Blue
    Box plastic ends up on the other side of the world. So we’re about five hours
    north of Malaysia’s capital. This is really the epicentre for
    the plastics recycling industry. So we’re going to take our
    hidden cameras inside some of their factories, and the reason
    we’re doing hidden camera is this is a very
    secretive industry. We’ve created a fake company. We’re calling it
    ‘Market Plastics’. We’re pretending to be plastic
    dealers visiting from Canada. [cameraman] We’re good? [David] All right.
    I can see you. You can see me.
    We’re good. [David] Inside this factory,
    we see workers exposed to potentially toxic fumes
    without proper protection. We’re offering to sell the
    owners Canadian plastic. They want it. But there’s a catch. [♪♪] [David] Recycling
    is so profitable, they’re willing to break
    the law to get your plastic. The recycling business is
    a mystery to most of us. That’s why we’re
    testing the system. In the province with
    Canada’s best recycling record, British Columbia. It’s where we’re buying
    our own used plastic, 9 tonnes of it, and
    hiring three companies, with big green
    promises, to recycle it for us. But what they don’t know…we’re
    tracking their every move. [♪♪] Whoa. Big, big, big mountain
    of plastic in there. We know Malaysia is a dumping
    ground for Canadian plastic. Holy-moly! Look at how big this is. Just take a look! Look how far it goes. [♪♪] This is just one dump, one dump. A vast field of
    plastic, two-storeys high. It’s cheaper to send here
    rather than recycle at home. [♪♪] See if we can look
    in the back here. Marysville, Ohio. That gives you the sense of just
    how far this stuff has come, completely to the
    other side of the world. Only to be dumped. This is from Italy. Pennsylvania, New York. Look, a Wal-Mart bag. It’s like a world tour, but in a
    big pile of what was supposed to be recycled and
    was instead just, you know, polluting this land. [♪♪] To find Canadian plastic,
    we need to sneak into this recycler’s yard. Okay.
    So let’s do it. [Rustling]
    This is Canadian Tire. This is Marketplace, IGA. This is Real
    Canadian Superstore. Compliments.
    The Dollar Store. A sea of Canadian plastics, now
    likely to be dumped or burned. Lots more Canadian. Another No Frills. [Rustling]
    Area code 604, British Columbia. It’s just Canadian plastic waste
    intended for recycling all over the place here. And it’s like a mountain, with
    no indication any work’s being done. The reason why? This place has been shut down. [♪♪] Malaysia is raiding
    ports where plastic arrives, trying to stop the flow. [♪♪] Environment minister Yeo Bee Yin
    says her ministry has shut down about 150 illegal recyclers, but
    it’s clear Canadian plastic is still pouring in. [Forklift beeping] This is smuggling. [♪♪] [David] Most of us
    take the time to recycle, but few of us go as far
    as Natasha Sumera from Burnaby, B.C. So why do you do this? Like this is not most people. [Natasha] I hope
    it’s most people. [Chuckles] [David] Natasha doesn’t
    just recycle her plastic… -All right.
    -Okay, That’s it. [David] ..she
    goes a step further. [Natasha] Take a right. –collecting anything that isn’t
    picked up by the city and taking it to the depot herself. I think that if the
    municipalities are promoting recycling, I trust that,
    once it gets to their hands, that they’re
    actually processing it. – And that’s it.
    – Easy peasy. – Yep.
    – Okay, away we go. I think that we have a
    responsibility to do our part to take those resources and renew
    them and reuse them as many times as we can. [David] But is that what’s
    happening with our plastic? And why is so much
    ending up in Malaysia? [David] Lydia Ong wants to
    show the world the consequences. [David] The former
    politician-turned-activist takes us to the site of what
    was once a pristine forest. This is what it looks like now. [Fire crackling] [♪♪] [David] As we’re
    leaving, fires have started. Oh, now you smell it. All of this
    plastic burning again. I don’t know if someone’s lit it
    on fire since we’ve been further back there in the forest, or
    it’s just the heat has started up again. We’re not going to hang out here
    long because this is a lot of toxic chemicals
    going up into the sky. [♪♪] All out there. They’re all factories? Yes. [David] Evon Chee and her family
    are exposed to the toxic air every day. What is it like living around
    all of this plastic recycling? [David] And it’s her
    family paying the price. [♪♪] [David] We head next to
    a company that employs 1000 workers. [David] Some of them live
    on the factory site and, once again, we see them
    exposed to those potentially toxic fumes. [David] The C.E.O. tells us we’ll need to lie on
    the shipping label to get our plastics in. [David] But there’s more. [David] He admits to taking
    kickbacks from other companies to illegally import
    plastic for them, and in our case, from Canada. [Birds cawing] [David] So where are
    we heading right now? Back with Lydia, who has
    one more place to show us. [David] She believes it’s
    why people in her town are getting sick. – So upriver–
    – Yes. –is all the recycling industry?
    – Yes. When you– when you think that
    what might be polluting your water is plastic that’s
    coming from a place like Canada, what do you think? [David] So we just scoop here. There’s a film on top. And in that film are these tiny
    little white plastic pieces, pellets, that are being
    ejected upriver from those recycling plants. [Water rushing] This brings it home, doesn’t it? Those tiny white pellets,
    the billions of them there, were a juice container,
    or a salad container, or something just
    a few months ago, and now they’re here. People are fishing here. There’s farms downriver. It gives you a
    sense of the impact, and all this plastic of course
    is coming from places like Canada. [David] “The Truth
    About Recycling” continues. [♪♪] [David] We’re testing the
    Canadian recycling system, buying 9 tonnes of
    plastic, diverting it to a warehouse in BC,
    and installing satellite tracking devices. You want it to be
    invisible to the eye. [David] Hayley and Chris are
    with the Basel Action Network. They specialize in
    covert tracking. They connect with a GPS
    satellite every two to three minutes and then show
    you on a map within 10 metres where they are. [David] If these get in trucks,
    we’ll be able to see where they go, if they
    get on ships, we’ll get to see where they go.
    -Yep. No problem with any of that. Yeah.
    They work worldwide. [David] Let’s put these
    Trojan plastic bales back in the recycling stream… [ Thudding ] [David] ..by getting three
    companies with ties to recycling programs to haul it away. Merlin Plastics says it’s
    committed to a more sustainable future. GFL, an environmental
    solutions leader. Waste Connections
    encourages recycling and reuse. [♪♪] [David] Recycling is a
    billion-dollar business in Canada. Recycling works very well for
    the recycling industry because it makes a huge profit. [David] And this expert thinks
    that’s part of the problem. Does it work well
    for the environment? No.
    Does it work well for the Canadian population? No. Does it work well for
    our stance in the world? No. [David] Myra Hird is a waste
    management expert at Queen’s University. So environmentally,
    recycling is not a good idea. [David] Really? Really. [David] There’s a lot of people
    who are taking that blue bin out to the curb–
    -Absolutely, yes. [David] –who would think
    what are you talking about? So–
    [David] But is that not true? Well, no.
    It’s not true at all, because every time we
    recycle some kind of item, some kind of product,
    that means that we are– it’s undergoing some kind
    of chemical process, which creates its own waste. [David] Should we
    just not be recycling? Well, recycling should be
    really down as a last resort. [David] Reduce, reuse, recycle.
    -Yes, yes. [David] We always heard
    it in school, right? Yes, yes.
    And we all grew up with this, you know? [David] But we just go
    directly to recycling. We go to recycling
    because that’s the easiest one. [David] We show Mira what
    we discovered in Malaysia. You see it there,
    plastic being melted down. No safety equipment. [David] So you really
    are left wondering, is that what people had in
    mind when they took their recycling out? I think Canadians are– will be
    shocked and highly disturbed, as they should be. [David] Back in Vancouver,
    our trackers are on the move. Okay, so straight
    down this road. [David] The first batch taken by
    Merlin Plastics to recycle stays in BC. We’re on its trail with Natasha. A third of our stuff
    ended up right here. Okay. [David] They tell
    us it was cut up, reprocessed and pelletized,
    which means turned into tiny little small pieces. In short, it’s being recycled. That’s great! [David] What about the
    plastic we sent to GFL? Turns out it also stayed in
    BC– but not to be recycled. So, what does this say up there? [Natasha] Waste to
    energy facility. [David] Our plastic
    bale came in here, went in there and
    they incinerated it. [Natasha] Okay. [David] They burned it. No. I didn’t realize that
    plastic was getting burned. [David] GFL tells us there isn’t
    demand for our kind of plastic. So burning it is the
    cost-effective solution. [Natasha] Yeah.
    That doesn’t– [Chuckles] That doesn’t seem quite right. I think there’s a lot of energy
    that probably goes into the production of the
    plastic on the front end, and then for it to only be used
    once and then literally burned– [ Chuckles ] –is crazy. [David] In fact, burning creates
    toxic ash that needs to be disposed of. Finally, there’s the batch
    with Waste Connections. Do you see the
    trucks that are in there? Yeah. [David] It’s also still in BC. What does that look like to you? Uh, dump trucks. [David] And Natasha
    is in for a surprise. I mean, you see– Holy, yeah. [David] –it’s all
    just going in. I mean, this is a landfill. Yeah. [David] Is this where you
    figured it would end up? No.
    It’s definitely not where I thought my recycling
    would end up. [David] Remember, Waste
    Connections encourages recycling and reuse. This is, like, the opposite of
    what I think is happening to that magical blue box
    when it gets put– [David] This is the thing
    you’re trying to avoid! Yeah. Even when you make an effort
    to put it in the blue bin, if it still ends up here,
    that’s discouraging. [David] Discouraging,
    but as it turns out, not illegal. Recycling haulers in BC
    have no obligation to actually recycle the plastic. In this case, Waste
    Connections says there was a miscommunication,
    and that’s why our plastic landed in the landfill. Really shocking to, like,
    see this and to hear that, um, because that’s definitely
    not the– the story that we’re told about what
    happens to our recycling, or why we should recycle. [David] This is
    your “Marketplace.” Mountains of our
    plastic burned overseas. Tons of it dumped in
    a Canadian landfill. Disappointing, for sure. [David] The system seems broken. Turns out only 9% of
    plastic is recycled in Canada. That’s why experts always
    point to one solution– use less plastic. But behind the scenes,
    a powerful group is fighting that solution. Plastic use actually
    protects the environment, but most of all it
    protects human health. [David] Joe Hruska
    helped pioneer the blue box. Now he represents the
    Canadian plastics industry, including many recyclers. We’re here to make sure the
    right policies are in place that manage all packaging,
    not just plastics. [David] But policies aimed at
    curbing plastic use have been attacked by his group’s members. In 2012, the industry fought
    against Toronto’s proposed plastic bag ban, and when
    Victoria tried the same, they went to court and won. To the observer on the side,
    it might well seem hypocritical to say recycling’s going
    to work so much better, trust us, it’s coming–
    and at the same time be fighting in court. So, um, I don’t see
    it as hypocritical. The plastic bag is actually
    one of the most highly reused items around. It has a 90% reuse
    and recycling rate. So when it comes to reduction,
    plastics is the epitome of reduction. [David] If plastics is
    the epitome of reduction, why are millions of Canadian
    bags ending up overseas? And in Canada’s landfills? These are bags that are from
    a bunch of Canadian brands. There’s No Frills. This one is from Wal-Mart. This is from one of
    the Co-Op stores, a Canadian Tire. All big Canadian brands,
    all from Canadian stores. All of it we found in Malaysia. Someone made a choice
    to not recycle it here in North America, okay? [David] Well, is
    that a good choice? Well, I don’t think
    it’s a good choice. If we can’t recycle
    it here in Canada, let’s work with all four “R”s. At least keep it
    out of the landfill. That is the better
    environmental practice. [David] Has recycling
    been working? We can always do better.
    When it comes to plastics, our target is 100% recycling
    and recovery of those materials. [David] But we’re a long,
    long way from that right now. 9% of the plastic that we use
    in this country being recycled. Why should people
    believe you now? It sounds like a bridge too far,
    but I really believe with the new technology and the
    collection that 100% is possible. [♪♪] [David] But we’re
    nowhere close yet. So now what? For eager recyclers
    like Natasha, who have seen first-hand
    a recycling system seemingly broken. Seeing this,
    knowing what’s happened, will it cause you to
    change your habits? I want to say no,
    because I still am maybe, like, a little bit hopeful,
    but this drives that home. That if it’s not
    getting recycled– [David] Mmm-hmm. –the way that I
    think it should be, then I should
    probably even use less. [♪♪] [David] This isn’t
    the end of the story. We’re going to keep following
    the business of recycling, and we want to hear from you. Email us, [email protected],
    and join the conversation on Facebook, Instagram and Twitter.

    Gary Kovacs: Tracking the trackers
    Articles, Blog

    Gary Kovacs: Tracking the trackers

    November 22, 2019


    Translator: Timothy Covell
    Reviewer: Morton Bast I don’t know why, but I’m continually amazed to think that two and a half billion of us around the world are connected to each other through the Internet and that at any point in time more than 30 percent of the world’s population can go online to learn, to create and to share. And the amount of time each of us is spending doing all of this is also continuing to go grow. A recent study showed that the young generation alone is spending over eight hours a day online. As the parent of a nine-year-old girl, that number seems awfully low. (Laughter) But just as the Internet has opened up the world for each and every one of us, it has also opened up each and every one of us to the world. And increasingly, the price we’re being asked to pay for all of this connectedness is our privacy. Today, what many of us would love to believe is that the Internet is a private place; it’s not. And with every click of the mouse and every touch of the screen, we are like Hansel and Gretel leaving breadcrumbs of our personal information everywhere we travel through the digital woods. We are leaving our birthdays, our places of residence, our interests and preferences, our relationships, our financial histories, and on and on it goes. Now don’t get me wrong, I’m not for one minute suggesting that sharing data is a bad thing. In fact, when I know the data that’s being shared and I’m asked explicitly for my consent, I want some sites to understand my habits. It helps them suggest books for me to read or movies for my family to watch or friends for us to connect with. But when I don’t know and when I haven’t been asked, that’s when the problem arises. It’s a phenomenon on the Internet today called behavioral tracking, and it is very big business. In fact, there’s an entire industry formed around following us through the digital woods and compiling a profile on each of us. And when all of that data is held, they can do almost whatever they want with it. This is an area today that has very few regulations and even fewer rules. Except for some of the recent announcements here in the United States and in Europe, it’s an area of consumer protection that’s almost entirely naked. So let me expose this lurking industry a little bit further. The visualization you see forming behind me is called Collusion and it’s an experimental browser add-on that you can install in your Firefox browser that helps you see where your Web data is going and who’s tracking you. The red dots you see up there are sites that are behavioral tracking that I have not navigated to, but are following me. The blue dots are the sites that I’ve actually navigated directly to. And the gray dots are sites that are also tracking me, but I have no idea who they are. All of them are connected, as you can see, to form a picture of me on the Web. And this is my profile. So let me go from an example to something very specific and personal. I installed Collusion in my own laptop two weeks ago and I let it follow me around for what was a pretty typical day. Now like most of you, I actually start my day going online and checking email. I then go to a news site, look for some headlines. And in this particular case I happened to like one of them on the merits of music literacy in schools and I shared it over a social network. Our daughter then joined us at the breakfast table, and I asked her, “Is there an emphasis on music literacy in your school?” And she, of course, naturally as a nine-year-old, looked at me and said quizzically, “What’s literacy?” So I sent her online, of course, to look it up. Now let me stop here. We are not even two bites into breakfast and there are already nearly 25 sites that are tracking me. I have navigated to a total of four. So let me fast-forward through the rest of my day. I go to work, I check email, I log onto a few more social sites, I blog, I check more news reports, I share some of those news reports, I go look at some videos, pretty typical day — in this case, actually fairly pedantic — and at the end of the day, as my day winds down, look at my profile. The red dots have exploded. The gray dots have grown exponentially. All in all, there’s over 150 sites that are now tracking my personal information, most all of them without my consent. I look at this picture and it freaks me out. This is nothing. I am being stalked across the Web. And why is this happening? Pretty simple — it’s huge business. The revenue of the top handful of companies in this space is over 39 billion dollars today. And as adults, we’re certainly not alone. At the same time I installed my own Collusion profile, I installed one for my daughter. And on one single Saturday morning, over two hours on the Internet, here’s her Collusion profile. This is a nine-year-old girl navigating to principally children’s sites. I move from this, from freaked out to enraged. This is no longer me being a tech pioneer or a privacy advocate; this is me being a parent. Imagine in the physical world if somebody followed our children around with a camera and a notebook and recorded their every movement. I can tell you, there isn’t a person in this room that would sit idly by. We’d take action. It may not be good action, but we would take action. (Laughter) We can’t sit idly by here either. This is happening today. Privacy is not an option, and it shouldn’t be the price we accept for just getting on the Internet. Our voices matter and our actions matter even more. Today we’ve launched Collusion. You can download it, install it in Firefox, to see who is tracking you across the Web and following you through the digital woods. Going forward, all of our voices need to be heard. Because what we don’t know can actually hurt us. Because the memory of the Internet is forever. We are being watched. It’s now time for us to watch the watchers. Thank you. (Applause)

    Articles

    Why advertisers are tracking your emojis 😱

    November 18, 2019


    This is an ad for the 2018 Camry that Toyota
    published on Twitter. They also published this one. And this one. For this one campaign, Toyota released 83
    different versions of the same ad, and every version targeted different users — not based
    on their gender or their age, their political affiliation or their location. The ads targeted users’ emotional states through
    their emojis. A targeted ad is where a company shows their
    ads to only certain kinds of people, certain people who are more likely to buy their products
    or like their message. That’s why as someone who creates videos
    just like this one, I see ads for Adobe’s video-making products in my Facebook feed. But in 2016, Twitter began giving advertisers
    access to emoji data like who is posting what and when and which emojis are the most popular. That is totally unique compared to advertising
    before this. Emojis have an emotional context paired with
    them and that lets advertisers better gauge the feelings expressed in people’s tweets. With emoji targeting, every highly tailored
    ad would be triggered by the emojis a user would post, in real time. Tweet a pizza emoji and Domino’s would reply
    with a coupon. Tweet any emoji at Google and get a handy
    link for the top search results on their platform. Tweeted a heart eye emoji today? Well, Toyota might determine that you’re feeling
    positive and serve you this ad while you’re in that feel good mood. Some emojis are pretty obvious right. Smiley face, I’m happy. Frowny face, I’m sad. But you know there’s a bunch of emoji which
    are much more — the line’s much more fine between what that person is actually feeling
    or thinking at the time. For those emojis that express more ambiguous
    emotions, advertisers can use artificial intelligence to predict if an emotion is used in a positive
    negative or neutral context. Let’s look at Toyota again. In January of 2017, Donald Trump tweeted a
    major criticism of the company for planning to build a plant in Mexico. After that tweet was posted, the number of
    social media posts about the automaker spiked. But if you look at this chart, you can see
    how people felt about Toyota not just how much they talked about it. Right after Trump’s comments, the percent
    of negative posts spiked when compared to positive posts about the company. For an advertiser, knowing how people are
    feeling is immensely valuable, and they can target consumers with positive feelings and
    avoid those with more negative ones. Emojis are just one more tool for advertisers
    to assess people’s emotions. The idea is that if the advertisers are using
    it effectively going to see more relevant ads. But regardless of how relevant those ads are,
    the process is never going to be fully transparent. As a consumer it’s difficult if not almost
    impossible to tell what information a marketer is using to target you. Most advertisers argue that tracking the emojis
    you use is no different than tracking the keywords you use on Google, because you volunteered
    that information publicly. You shared that data freely with a free website
    that is ad supported, you should be able to understand that the same type of thing is
    going to happen on a social media platform. But consumer advocacy groups disagree. They argue that advertising to people
    based on a psychological profile of their emotions is intrusive. About half of Americans
    share a similar skepticism, many of whom aren’t confident that social media sites actually
    protect their data. And emojis are part of that data. For all the privacy concerns, emoji advertising
    is still in its infancy and though it only exists right now on Twitter, it wouldn’t be
    a far leap to see multiple platforms offer a similar service in the future. And in the best case, we may get ads that give
    you immediate and valuable information. Maybe you’ll post an eggplant emoji and Durex
    will send you a condom emoji with 10 percent off your next purchase. Or if you don’t like your emoji data being
    used, maybe you just don’t use emojis. Yeah, right.

    5 Steps to Becoming a Millionaire – Grant Cardone Trains His Sales Team LIVE
    Articles, Blog

    5 Steps to Becoming a Millionaire – Grant Cardone Trains His Sales Team LIVE

    November 13, 2019


    I’m getting ready to go in and do a meeting for my sales team They’re on the phone every day. They think I’m going in there talk about sales I’m going in there talk about money because if you don’t have your money, right if you’re not thinking about money correctly. Guess what? You’re never gonna make a sale. You’re never gonna push through the objections and the barriers and the hang-ups and Everything that goes on the sales a disappointing job. It’s a tough job. It’s a crazy job. It’s like being an actor Okay, why would anybody be an actor after they go on 100 auditions? Nobody ever picks them and they’re like I’m done. The only reason you want to do that is because you want to be a superstar Okay guys, so this is what I want to do. I want to talk to you about money today not sales If you don’t get the money, right, you’re not gonna make the sale period okay million dollars a million dollars Peter Thiel 2.8 billion dollar Peter Thiel said the single-digit millionaire You know what? That means god with $1,000,000 or 2 or 3 or 4? Cannot even provide his family with proper defense legal defense in America much less much less Emergencies divorces, you know major lawsuits business lawsuits issues happening to kids going to college So what he’s saying is this ok, it become a very very controversial article because he’s like rich dude Scratching fingers on the chalkboard, this slides. Okay, he’s saying hey man, if you got a million dollars, you’re basically just a freakin deadbeat And that your daddy didn’t tell you that your daddy’s like oh man a million dollars a million dollars you and the money So what I want to do is I just want to, I’m gonna show you today how to get through all this rejection and disappointment Discouragements the hangups, you got to change the way you look at money. This is not money right here. Okay This is not money. This is just dumbness This is you not make a decision This is you being lazy saying man a million dollars Then I’d be set just do the math on a million dollars. I did this when I was 34 years old million dollars if you didn’t have any more income and you were How old are you? 27 years old and you didn’t have any income a million dollars a Million dollars. What does that say right there? Oh no income, zero income You’re 27 years old. I’m gonna do this at 47. I’m gonna do it at It’s 65 Okay, 27 you don’t have any more income how long would that money last if four thousand dollars a month You got 25 years Where can you live on four thousand dollars a month by the way four thousand a month assumes No other income social security systems broken Medicare is broken because they are already it’s just a matter of when probably gonna happen in most of your lifetimes You’d have to live on four thousand dollars a month for 25 years. You will be 52 years old my friend and dead broke Okay, four grand a month, four grand a mounth is is is what thousand bucks a week You’re spending probably $900 a month on groceries 20 what’s your rent? 3,000 You got like 12 years left and you’re a millionaire. Everybody’s like, oh my god, the iconic millionaire. You’re wealthy You’re not wealthy dude, you’re worried is what you are. Okay, because you don’t have new income So so watch what happens what if what happens if there’s an accident a major car accident? Are you married? Okay married kids Okay, the two kids will cost a million five each to get through college So you’re busted you understand. So when you come to work in the morning, you’re like man I need to make 80 grand this year I need to make eight thousand or ten thousand you guys got to change or think on money Like if you want to make real money if you’re 47 years old you have until 62 to live if you’re 65 years old by the way, and Anything bad happens like anything you lose a job. You lose your income If there’s any inflation this this equation right here doesn’t assume any inflation assumes everything stays the same in this rent never goes up It’s car payments. No gold. Nothing goes up. It’s impossible. It’s an impossible cycle the problem is nobody talks about this because nobody wants to go on TV and say hey millionaires are basically middle-class people that are worried about money So when I did the math at 33 years old, I’m like do I need a lot of money? This is where the whole 10x concept comes up from. All right Hey, man, what if what if it took 10 million, by the way, I think that’s the number CNBC says it’s 5 million I think the numbers really 10 million ok, 10 million with no new income You could probably live The life you wanted to so how would you get that if that’s the number cuz this is clearly not the number Everybody agree with that by the way, if you make 40 grand a year for the next 25 years You’re gonna make a million dollars anyway. You’re gonna make the money if you make $80,000 a year every time you double this you cut the years this takes to twelve and a half years if you make $160,000 a year it takes you six years right or you could just go make a million bucks in a year So you got to do the math if you hadn’t done the math if you’re going for the wrong target I’m always talking about targets in here. Do you you and the husband you and the wife need to get the target, right? We’re talking about. Oh, man. I love this new car You you I’m gonna go buy a new car like Sisler will go by imma get a new car, dude Your attention needs to be on this. This is the target. It’s not the watch. It’s not the car and it’s not the vacation It’s freedom 67% of wealthy people’s surveyed said they weren’t going for wealth for cars and boats and trips they were going for the freedom of Worry to not be concerned about money every day. I want to be concerned about my kids I want to be concerned about you know, what we do when we’re when we have time together I want to be concerned about how happy I am in my marriage. I don’t want to be worried about Pieces of paper that I don’t have enough of or where it’s going or what things cost That’s why you’re making these phone calls. Okay, so now what’s the target? Because if you’re just in here making phone calls saying hey, I’m gonna make I’m gonna make a call I’m gonna make a close. All you’re gonna do is get me rich I’m already rich okay now and I started with zero just so you guys know I didn’t have anything so when you’re sitting there on the phone thinking How am I gonna get to there you can but you need to stay focused. Okay? So number one thing you got to do is this you’ve got to change the target and you need to look at the target daily The target you have the wrong target right now, if you’re struggling you have the wrong target When you change the target everything changes? Right so that when I’m talking to a guy You’re contributing to my 10 million every person I’ve ever sold I treated like an investor this guy is going to invest in my future. He’s gonna pay for my college. He’s gonna buy my shoes Every time I’m on the phone Somebody’s paying for my shit right, so if I want to go on a trip I want to go on a trip and I want to stay in a house that cost 25 grand a night Other people paid for that that’s other people’s money So you don’t need to wait to be a bank to get other people’s money Right, the money that I put in real estate that is other people’s money. I’m putting in real estate People I had a guy yesterday say man. How can you put 60 million in a deal dude a mine? Say what do you mean raising on? No, no, dude I went and sold stuff people gave me money and I put it in the real estate Which is part of this equation number one the target number two, you need to get your income to a place This is a fascinating concept right here. Okay, you can do this I guarantee you’ll be rich you need to get your income not to what pays your bills but to where you can say 40% of your gross income is saved Okay, you want to talk about something difficult this is way more difficult than that if you can do this You will get that All right, so when you sit down and do the math what would it take for you to say 40% of your income So watch what happens? if you make $10,000 a month and You want to say 40,000 of it you would pay yourself. First. The government doesn’t let you do that. They don’t trust you They’re like no no get that money from him first before he blows it. We know he’s going to blow it okay, we know the IRS is gonna take they’re gonna withhold probably 44,000 of it. So look if you’ll pay the freakin IRS four grand of ten You need to figure out how to pay yourself for gram. What’s the problem here? You got a live one two So just keep doing the math. Now. This is the math you need to do with your spouse You need to keep working it out until you’re like he’s like, let’s go buy a new car Yeah, we ain’t got any money for a new car. That’s why when I was 35 years old No one knew that I was a millionaire Nothing had changed. I was still running with shit shoes, you know buying $40 shoes and and and working a shirt out as long as I could and like Nobody saw I didn’t have fancy cars. I’m driving a Camry but a million bucks in the bank Because because I was using this, okay, I paid the IRS. I’ve always paid those bastards All right, and then what I did was I’m like I’m a bank four grand and then I realized yeah I can’t live I can’t live on two It’s make it’s making my life hard to do this this money, by the way, a better a better word for saving is storage I was storing storing money not saving money. I’m storing it. I’m stockpiling if you like that word better. You don’t want to save money It’s worthless. It’s like saving a legal pad a legal pad is only good if you use it Money is only good if you use it, you haven’t how many heard this term cash is king. It’s worthless cash is worthless It’s not a king It’s no king, dude Like like cash is not king cash is shit It just sits there and dies Are you losing if you if you leave money in this storage account too long? Guarantee you it will disappear it always has in your life. If you look back over your life the longer this money sits in storage Pablo Escobar will see the drug King. That was his biggest problem mold bugs somebody steal it rats You don’t want to you don’t want to leave it in storage too long because it’s going to zero all cash goes to zero All right. So now now when you do this math you like dude, how much money do I actually need? Let’s kick this up to 20 grand at 20 grand what happens? You’re saving 8 storage you’re paying 8 and Now you can live on four. See? Now his is the right way to do a budget You make 30,000 twelve is going to storage twelve is going to the I, R and the S and At leaves you at six. So now you can start seeing you got to be somewhere north to 300 grand a year This is what they don’t teach you at Harvard you got to be somewhere north to 360 a year before you even have money to live on unless you’re just You know your Trek you’re just the irresponsible human being that that’s You know not putting stored money away for the future Okay. Now you’re saving 12 grand a month. That’s 144 thousand dollars in one year in 10 years That’s 1.4 million dollars in ten years. You’re a millionaire stored Okay. So second thing to do you got to you got to you got to keep playing this 40 percent game Todd you need to work with your guys on: “dude, here’s your money yet?” Not on what the call is not on what the script is not on what the handle the objection you need all that But do you need the driver here? You guys need to be heavily money motivated from a survival standpoint. Okay number three thing You’re gonna do you’re gonna go broke right here and invest The storage Storage has to get invested The Golden Goose is only good if she lays eggs Otherwise you can kill her either for chicken Need a a money needs to make babies, right? So your goal right here is to invest to invest the storage money and Continue to do that until this money over here the passive money is equal To Your income Tough game man Right. So what would I do? I’d go out. I’m gonna make 30 grand. I’m going to store 12. I’ll pay to IRS I’m gonna live on six In Miami, you’re like there’s no money left over But there’s six grand in storage right now six grand six grand keep pumping the six keep pumping it keep pumping it until you find a place where you’re like, I’m gonna invest this money now when you make this move right here do not Invest in anything that is a maybe Okay, you don’t want to put your money in anything. That’s You can’t risk this money Warren Buffett says don’t lose money number one number two don’t lose money I Would tell you number three don’t lose money so what can you invest in you can’t leave it in the bank because that’s losing money They don’t pay you anything takes you eight hundred and thirty three years to double your money at the bank today eight hundred and thirty three years To double your money at today’s Bank rates So if you guys don’t know this you need to start looking at this and hey at night man What am I doing? My money man confront the beast Right. So right here the the passive income your target right here should be my passive income now exceeds My monthly income you just need to do the math on how much money would I need invest it Right So that this this $12,000 I’ve been throwing his storage over time Jed where you at aren’t you don’t you exceed your income right now? JED: Passive income is about eleven grand So his his monthly income exceeds his salary that’s what you’re looking for right there Not not his whole bonus and everything at the end of the year But his monthly income from the investments now exceeds his income his that made you more or less motivated Extremely Motivated So so he used to be like oh debt man if you got enough debt then you’ll be motivated No, you’re not. You’re gonna be motivated for a little while to pay your car. And then you’re gonna be like shit this games No fun, dude It’s a terrible game Alright Okay. So look, it’s simple target. What’s your new target? Freedom? Yeah freedom, but but but let’s put my number one Your first target should be ten million dollars and nothing short of that and Everybody in the room can do it, okay I can I can show I can show everybody in the room somebody on this planet that came from your situation That’s bank ten million dollars You don’t need a degree. Oh, yeah, I can show you for every case bad problem You got I can show you somebody you trade problems. So you’d be like no. No, I’ll keep mine. You keep yours Second thing you got to get your income to 40% You got to get your your income to where? You can bank 40% of your income This is the most difficult part of this in the beginning Because you’re starving here Until you confront the real problem. The real problem is income Third thing is this money. You need to stay broke with this money You need to get this money in a sacred account somewhere where no one is going to Jack with this money I remember my mom called me once you suck. I got this thing going on on my Campion. I Had a bunch of money sitting aside It’s just like is this piling up can’t help you? I’d violate my policy here Okay, let me go sell something. See if I can get you some money Like, you know anybody came to me for help. It was like I’m not you got I’m not the bank can’t help you, dude I got my own shit going on here. I’m busted all the time. I’m broke all the time This is what I got on me today Okay, like I’m piling up everything right now to make a net make another deal Right. So I want that’s what it means by being broke. It doesn’t mean get money blow it. It means get money store it Okay, find a place that’s gonna go where you don’t lose the money number three don’t lose money Cars don’t bomb Lisa Okay, where you live don’t own it rent it Don’t own anything dude just stack cash and Wait till you can put it in something where it won’t be lost. It just goes away for a while and inflation Over time five years seven years ten years. When do you look I’m like, okay. I didn’t lose my golden egg That thing is protected I got a little trip every month from it and you keep adding to that so the drip gets bigger and bigger and bigger and bigger and Then you can come to work on Monday and say dude. I’ve got money coming in here I’ve got money coming in here, but I’m broke all the time So I got to keep replacing the game, you know when you get off the treadmill Whatever you want it once you get to there Okay questions Is there a certain amount of storage that you should have before you move it Anybody saying hey come come you can jump on my vehicle. So I was trying to store enough to You know, if you know the story about the real estate deal first real estate deal. I did was seventy eight thousand dollars It’s because I had five grand my next deal would be three years later and it was three hundred fifty thousand dollar purchase So I was storing money the whole time until I found the right deal in between. I was just shopping Now if I’d have had somebody they said to just lay on my deal I would have been pushing money there the whole time I would I didn’t need to own the whole first deal I just needed to be in the right vehicle a Steve Ballmer, uh He was a partner with Bill Gates and Microsoft dude. The guy’s one of the richest guys in the world He didn’t own the company. He was a partner in the company So you don’t you need a vehicle you need two vehicles? You need one that produces income so you can pay the bills over here and pay the IRS and eat That’s that’s the one you’re just you’re serving. The the basic needs from your job. The second one is to play The second one is how you get the financial freedom So you what you’re looking for while you’re here’s any little any little Streams and rivers and canals that get bigger Right. I’m looking for like like if you look at where villages are on this planet They’re all where there’s transportation routes the bigger their transportation route the bigger their stuff moving up and down the Nile Oh, let’s put a village here because there’s food stopping here gas stop in here, right? These are the valuable ports. Why because All the water weights meet there. So at this company I could be on the call forever Make them one call. It’s one line writes one little fiber optic line, or you could start looking around saying dude Where’s all the other flows here? Right, so you’ve got you go tinker in this little stream tinker in this little stream tinker in this one and you take on more Responsibilities you’re like hey, I want a bigger vein here Where all the flows come together, but you’re not gonna do any of that until you get great at what you do you got to Get great this first thing keep the target in mind. Okay, see if you can keep it Maybe you can maybe you just lose the motivation I can’t do this and Then and then you just get recycled into the universe of people that are worried every day and that’s the reality the situation that’s what Peter Thiel was saying a Single-digit millionaire cannot even provide themselves with their own Personal defense in America. Okay, Hulk Hogan all that money Hulk Hogan made. He blew it all He blew it off probably buying hair pieces Okay, he blew it all he blew it all ended up with a little money thought he was the shit. Oh, man I got a little money until he had that frickin lawsuit and then he can’t even defend himself Peter Thiel funded that lawsuit for him Right, so I had a lawsuit back in 2009. It cost me 200 grand a month To defend myself against a criminal lawsuit a guy that sued me trying to get money from me to hold him hostage That’s the game in the legal thing. It wasn’t a car accident. It wasn’t cancer what my mom getting sick It wasn’t kids. I didn’t have kids yet, you know, so all those things can happen – they’re probably going to happen to you Yeah, how do you balance the paying the debt whether it be school loans credit cards everything else along with the four did Not chase the pass So if I made a bad deal, I’m not gonna go chase that deal today I call him up and say put me on hold. Aughh Okay, I would pay it if you want to cut it back to like 80% Or we got to put it off And I wouldn’t mind if my debt was bailed not my credit was bad wouldn’t but wouldn’t matter to me if it lowered my credit Score. I ain’t buying anything anyway I don’t need credit doing anybody anything. I’m stormed out Right, so I wouldn’t worry about that when you’re talking about making so much money per month and saving the forty storing the 5% yeah should I lower my the way I’m living right now until I can Until I can do that. Well, well notice how I know. I’m supposed to focus on the income first thing I paid was to I paid me first. I paid the IRS second just because I have to And then I got leftovers So you’re gonna either you’re gonna either Todd’s gonna either live on the six Or decide fuck man. I got to make more money man. I can’t I can’t treat the people. I love like this So what happens is Jarrod just gets more productive. Remember Jarrod came here. He was making twenty five hundred bucks a month That was his draw for three months, or did you have a draw back then? Yeah, okay So like he’s not making 2,500 now now he’s making eleven grand a month off The income that’s been in five years cuz he had a plan Guys that are in their 40s. Yeah I feel like I’m up against the time, but I’m making the most amount money I’ve ever made working with you And I feel like that number to store right now is too low for me. I feel like I’m running out of time You just need to do the math on you You need to do the math on you get busy and talk to more people everybody you’re talking to has money These people are gonna fund your target you’re not funding your target. This is not your job to fund your target Your job is to talk to people that will fund your target and to get your spouse to fund the target I got Elena on a phone call yesterday Doing the show the genie show and I’m like, hey, here’s a list of people She didn’t know she’s about to do this start calling her shit. My sales teams called them Natalie’s called him I’ve come you call him now a damn man. How about throwing in a little bit? She made four phone calls three of them didn’t answer one of them. Did she got five grand? So you could get your mom involved Get your dad involved get you know kid you get you get your family members to back card on University They’re contributing to your target. Not mine. I got mine. I hit mine already I’ve exceeded mine This whole thing now is for you guys. You guys want to do some would it or not? Perspective number three guitars investments. What do you feel? There’s the like your top three safest investments Okay, you know why because when I buy a building with an address it fits in the right location It will be here 20 years from now So I had a guy call me about car dealerships Odessa did I don’t want about car dealerships? I don’t even know if they’re gonna be here So I’m not I’m not buying Bitcoin, I don’t know anything about Bitcoin man you want to give me some Bitcoin I’ll take it But I’m not buying bitcoin cuz I know I’m not buying Twitter stock I don’t know anything about Twitter is Twitter gonna be here in the future. I don’t know I know I only invest in things that I know will be there in the future Excluding my condo. I’m not gonna buy that I know I don’t need that. I Want to buy things that people pay for so this investment right here needs to produce what? One of the criteria can’t lose money number two It has to give me a trip if it don’t have a baby ain’t behind it See see why because I’m trying to get out of this my goal as to what I want money passive money from this equal to this So I’m not gonna go buy Google stock. You know, what because they don’t pay a dividend every month. I Need a drip. I’m not gonna buy AT&T stock. AT&T pays a dividend every quarter. When do they collect their payments? Every month man. Can you imagine calling ATT’s they do we want to pay you every quarter like you pay your dividends That’s how important monthly cash flow is. Do you understand that? They pay their dividends to investors every quarter They collect checks every month The difference between those 89 days makes them hundreds of millions of dollars The Bank of America Northern Trust right here will lend me money to buy an apartment deal But they won’t lend me money to buy their own stock Think about that a Bank will lend me money to buy a piece of property, but they will not lend me money to buy a Bitcoin They won’t even lend me money to buy a Bank of America stock So, what do they believe in Cash flow man They believe in cash flow cash flow that any asset that generates cash flow into the future is going to be worth more money So what do I invest in y’all? See where I’m putting all my money. That’s all I talk about all the time Because I know it’s gonna be there Grandson, I’m saving 40% each and every single month oh, yeah, and so like I’ve heard you say when you’re at a hundred thousand, that’s when you should be like investing and like The problem with that in Miami for you because I’m making a statement to a lot of people when I say that the problem in Miami is 100 grand is gonna buy you a three hundred thousand dollar deal, which is maybe a duplex Then that hits that other rule, I’m like never buy two doors You need thirty two doors If you’re gonna go do these on your own you need thirty two doors and in Miami that’s gonna cost you more like six million dollars And a million two down Like that investment in personal development like training Numbers of tenants should all be going into personal development all of it Okay, like all your leftovers you should be worried about person will develop more than food You eat a piece of chicken at Publix and then listen you you guys don’t need any personal development You just need to listen to me every day Just tap into the freaking audio programs You got millions of dollars worth of training around you every day just in the car When you’re working out just like stay with the same message over and over until it grooves in Until you’re like you’re you you feel like me a little bit and then what will happen is it’ll come back if you ever have you ever just been around somebody maybe when you were younger and you’re around this person else and you’re like I felt like I was a Santa like you right, you need to sound like me until the other you comes back on top of it and then you underst No effort in how you’re thinking or the decisions you’re making This boring right here gossip its abort this is boring but I guarantee you it’ll work, okay? So thirt… thirt… 33 years old 245 years old there was no vacations I didn’t go to Hawaii I didn’t I went on one fishing trip Okay, it was work man it was like that’s my that’s my vacation when I get that Then then I’m gonna do what I got to do If I was on a vacation it was because I would I was going there to see a client Jerrod see me Jerrod see me on the road. John Hamlin gives me his plane one day. We went to five cities in one day John Hamlin was on the plane. He’s like I can’t do any more a hahaahhahaha War John for two days after that, huh. He said he was so tired. He didn’t go to work for two days after that Yeah, cuz I’m chasing this Or maybe it’s 50. Maybe it’s a hundred or maybe it’s a billion So so you got you got to decide what game you’re gonna play here cuz right now right now you guys are being You’re being manipulated by the world. So I write my goals takes me about 25 seconds to write my goals And then I’m bouncing. I’m on the phone man calling somebody to say hey Move me to 100 then move me to 200 then move me. See you. See what I’m saying. I’m spending all my time in doing So if you’re spending more than 25 or 30 seconds right in your goals down You play it you had All right? you don’t need to figure all this out right now You just need to figure out the 40% thing just work on this Can you get this because I guarantee you guys aren’t close to this number right now if you’re doing this good for you It’s awesome. Unbelievable This is really hard to do Okay, yeah That’s who you’re calling today. Okay, and by the way, we give them a great product We give them great service we support people and we help them do exactly what I’m saying here Right. So because right now these people are being told they’re doing good You got you got a guys you’re talking to out there and make it three and four hundred grand a year Okay, I know for guys that are about to lose their job and they’ve been making 800 grand a year They’re gonna lose their job. They’re gonna be told this month you’re done Okay guy called me recently it’s like I’m done with these guys they make an 800 sitting on the 800 They’re happy with the 800. I’m done. He’s like if I got to come to work here every day and they don’t want to push I’m getting rid of them find somebody else four guys, we’re gonna go from 800 grand a year to zero Next 30 days they gonna be looking for work So it happens to a lot of people. I mean how many of you know a family member lost her job? Okay How many of you have a family member where the kid got a drug addiction he had to go to Rehab for 30 days and it cost 40 grand bad shit happens how many of you know somebody got cancer? Okay, how many know somebody in a car accident cost three or 400 grand? Shit happens Okay, the problem is not that shit happens shit happens and people aren’t ready for it “Oh god, i can’t belive this happened to me” Oh shit, really? God, damn you been around long enough, right? How many of you can’t swim (laughts) You live in a planet with water. I’m just saying you might want to get a swiming leason, unless it’s a wind planet (laughts) Public: yeaah

    Why Trains Suck in America
    Articles, Blog

    Why Trains Suck in America

    November 4, 2019


    Let’s face it: trains kinda suck in America. They’re slow, expensive, and just don’t
    exist in many parts of the country. The simple reason for this is because the
    US is so sparsely populated. Aside from here, here, and here, cities just
    aren’t close enough together to make train travel faster or cheaper than plane travel. When cities are within 200-300 miles of each
    other, it’s often faster to take a train from downtown to downtown rather than driving
    to an airport, checking in, going through security, flying, then driving downtown. However, as I mentioned, there definitely
    are regions in the US with cities this distance away from each other, so why do trains still
    suck? The United States has the geography to support
    trains in certain areas and yet a train from DC to New York costs at least $49 dollars
    and takes 3 hours and 29 minutes, only 30 minutes less than driving. A train from Rennes to Paris, France, a very
    similar distance, costs 27 euros, the equivalent of 30 dollars, and takes only 2 hours and
    4 minutes. The US does have one high speed train, the
    Acela express, but it costs at least $120 dollars for a ride from DC to New York and
    still takes 2 hours and 50 minutes. Turkey, Poland, and Uzbekistan all have trains
    that travel faster that America’s fastest train. Alright, so understanding the whole issue
    requires a bit of background knowledge. Back in their heyday, railroads in America
    were… amazing. We built our first in 1826 and had a transcontinental
    line by 1869—only 19 years after California even became a state. Trains travelled almost everywhere and most
    historians agree that the development of railroads was an absolutely crucial catalyst to the
    American industrialization period from 1843 to 1860. They even prompted the US to create one of
    the world’s first standardized time systems as discussed in an old video of mine which
    you can find here. While passenger trains could sometimes be
    profitable, freight services were where the real money was so most rail companies basically
    ran passenger services as a mobile advertisement for their freight services to the executives
    that would decide which company to ship goods on. Trains were, after all, the most glamorous
    and efficient way to travel. However, as cars became popular in the 30’s
    and planes became popular in the 50’s, there was little purpose any more to set up passenger
    services as advertisements to executives who would be taking the more trendy car or plane
    instead. At this point, the few profitable passenger
    services only made money because of their contracts with the US Postal Service. Most trains would have one car that served
    as the railway post office—an office on wheels where workers would sort letters en
    route to the destination to save time. In the 1960’s, mail sorting was mechanized,
    trucks and planes began to transport letters, and railway post offices were discontinued. It became essentially impossible to make money
    with a passenger railroad. By the end of the 1960’s the only thing
    keeping the few passenger routes alive was a legal obligation by the Interstate Commerce
    Commission for the train companies to keep running those routes. But then Amtrak came along. In 1970, President Nixon signed into law the
    Rail Passenger Service Act which formed the federally funded national rail company that
    promised to save and make great again passenger rail travel… except it didn’t. In the United States, a nation of 319 million
    people, Amtrak operates a mere 300 train journeys a day, while in France, a nation of 66 million
    people, the Société Nationale des Chemins de Fer Francais, also known as SNCF, operates
    14,000 trips every single day, 800 of which are high speed. One common criticism of Amtrak is its unreliability. On average, only 72% of Amtrak’s trains
    arrive on time. The California Zephyr route from Chicago to
    San Francisco even arrived on time a paltry 31% in June of 2016. So what does Amtrak blame the delays on: freight
    trains. You see, Amtrak only owns 730 miles of the
    21,300 miles of track it operates on. On the California Zephyr route, Union Pacific
    owns about half the track and BNSF owns the other half. According to Amtrak, only 1.4% of all delays
    on this route were their fault. The other 98.6 percent were reportedly the
    fault of the rail companies who own the track. Union Pacific will naturally lend priority
    to their own trains on their tracks instead of Amtrak’s so Amtrak trains are often told
    to wait to let a freight train pass. After all, it’s not like Amtrak can go and
    use competing tracks so there’s little incentive to give priority to passenger trains. Most rail operators in Europe don’t have
    this problem. In France, for example, the national rail
    company owns all the track so priority can be given to passenger trains. Also, only 8% of freight in Europe is moved
    by rail compared to 38% in the United States, so there are far fewer freight trains congesting
    the tracks. Since Amtrak is so young, they never got the
    opportunity to build their own tracks. The Northeast corridor—which is absolutely
    perfectly shaped to have a high speed rail network with five major urban centers located
    on a straight line—built up it’s rail system in the 1800’s and the railroad had
    such an impact that towns and people flocked to the area around it. For that reason, this area is incredibly densely
    populated and there truly is no open space between the cities. Consequently, it would be unbelievably expensive
    to raze a bunch of houses and build a new, straighter route of high speed tracks from
    DC to Boston. Amtrak says that it would cost an estimated
    $151 billion dollars to build tracks up the spec of France’s high speed rail network
    in the Northeast corridor. Since the Northeast Regional, the train running
    between DC, Baltimore, Philadelphia, New York, and Boston, is one of the few routes that
    makes money, there’s little incentive for Amtrak to sink a lot of funds into upgrading
    the tracks. Additionally, American cities just aren’t
    built like many European cities. With population densities averaging lower
    than 15,000 people per square mile, cities in the United States are far less walkable
    than their European counterparts which can have as many as 55,000 people per square mile. Due to their ancient roots, European cities
    naturally developed compact urban cores since for all but the rich there was no option but
    to walk everywhere. Given that, it’s much easier to walk to
    your destination from a train station in a European city than it is in an American city. It’s believed that since most Americans
    have to take another form of transport to get to their destination after taking the
    train in America, they see the train as not that much more convenient than the plane where
    you also have to take another form of transport to get to your final destination. So what’s the solution? How should America fix it’s rails? Well, unfortunately, we’ll probably never
    get a big network of fancy high-speed trains like in France or Germany. There are dozens of plans in the US to build
    high-speed rail lines, however few if any of them will likely come to fruition. There is a high-speed rail line currently
    being built between Miami and Orlando by a private company called All Aboard Florida,
    however, with a top speed of 125 miles per hour, the service will only be slightly faster
    than driving due to speed restrictions on many parts of the route. The state of California is also building a
    high-speed rail line between San Francisco and Anaheim with a estimated transit time
    of 2 hours and 40 minutes which would be less than half the driving time between the two
    cities. Despite construction already beginning, phase
    1 of the project isn’t estimated to be completed until 2029 and public support is diminishing. Many have proposed that America shouldn’t
    be concerned with building a flashy high-speed network. Amtrak’s 151 billion dollar proposal for
    a true high-speed northeast corridor system divides down to $320 million dollars per mile
    or $60,000 per foot of high speed track. What would be far more efficient would be
    to upgrade current track to allow trains to operate at their top speeds. On the Northeast Regional route, trains reach
    a top speed of 125mph briefly, and if they operated at that speed for all of the DC to
    New York leg, the trip from DC to New York would take only slightly longer than two hours. Small improvements can cut minutes from the
    journey times which can add up to hours. Unfortunately, Amtrak is stuck in a rut where
    they have no money to improve anything, which causes low ridership, which worsens the problem
    of no money. SNCF in France is so great because taxpayers
    pay for about half of the operating cost of every journey, while Amtrak is designed to
    be a for-profit yet government subsidized corporation. Right now, Amtrak is kinda like the neglected
    little brother in the US transit family who doesn’t get any money, and until that changes,
    we’re still going to have our slow, expensive trains. Thank you for watching! Make sure to click here to subscribe to Wendover
    Productions. You can also follow me on Twitter @WendoverPro
    for behind the scenes updates between videos. Aside from that, make sure to check out my
    last video on Maritime Law here. Thanks again, and I’ll see you soon for
    another Wendover Productions video.

    Articles

    Customer Highlight: Astro Electroplating

    October 17, 2019


    – (electronic music) – Astro Electroplating started in 1968 and we do a variety of products,
    anything from housewares to automotive parts that
    go inside your vehicle to perfume caps that you buy at Macy’s. My name is Nicole Wright-Gilbo, we’re at Astro
    Electroplating on Long Island and I’m the national account
    manager, I’ve been here about two and a half years. So most of our products come to us first in drawing form or CAD form. We take a look at them, we provide a quote and meet with the customer, make sure we know exactly what they
    want and it’s exactly what we can provide. – My name is Jose Gomez. I’ve been working for Astro Electroplating for about four years now, I started off as assistant production
    supervisor and now I’m the inventory control supervisor, which means I’m in charge
    of everything that comes in and goes out of the plant. Products going out of the door, I would say over 300,000 parts a month. If not more. – Our mission is to provide
    quality parts to the customer that meet any of the
    specifications that are required, whether it be automotive,
    whether it be decorative, that we provide good quality
    parts for our customers. My name is Lynn Daniello,
    I am the lab technician here at Astro Electroplating
    in Bay Shore, New York. My responsibilities here is to make sure that the plating tanks are up to specification and
    that they’re ready to go when they’re ready to start
    plating, the plating line. And as you can see I’m
    actually in the lab right now. – I personally really enjoy manufacturing. I think the entire process
    of seeing a raw part come to life into a product that you see out in the world and all
    the steps that it takes to make that happen are just
    very interesting and intricate. – Here, you have something
    that’s just a piece of plastic. When it comes out of the
    plating line, its beautiful. That’s what I like about this industry. We just make things look beautiful. (electronic music)

    Blockchain Education at Geneva Business School
    Articles, Blog

    Blockchain Education at Geneva Business School

    October 16, 2019


    Blockchain technology
    will be the evolution of the next generation. It will change how people transact between channels. Financial industries during the last years have been evolving in such a way that big companies like Amazon, Google, Facebook
    are trying to digitalize the financial business environment. So banks and big financial institutions need to take a digital direction that needs to understand how they can digitalize the business in order to reduce their costs and to improve their financial margins.