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My Billy cunning in the Great American. Of course, some good news came

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out a story written by Sharon Coolidge
of The Inquirer. Remember the one point

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six billion dollars of the Cincinnati Southern
Railway Trust. It's grown by fourteen million

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dollars in the first two months.
And Amy Murray course on the board with

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other of the fathers and mothers,
the grandfathers of Cincinnati, Charlie Luke and

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Mark Mallory and many others. But
this is a little bit of a surprise.

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I'm also watching last night John Schneider, who's the number one supporter for

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the streetcar, saying, with all
this money coming in, we can take

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the streetcar to Newport, maybe the
Clifton, maybe out to Western Hills.

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Who knows what this means. But
Amy Murray, welcome again to the Bill

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Cunningham showing, first of all,
give the American people kind of an overview

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of what happened on or about the
middle of March. And what happened,

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how come you made fourteen million dollars? Are ready? How's it going to

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be spent? Is that a surprise? Give us all a full report.

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Absolutely, So the middle of March
we officially closed on the railway, and

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so we sold the railway to Norfolk
Southern. We then had the one point

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six billion dollars that we needed to
invest. Earlier in the year, we

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sent out an RFP Request for proposal
and had about eighteen people that applied to

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be our financial advisors, and we
had a lot of interviews going through that

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and we ended up selecting UBS and
they have a local office here and their

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New York folks came in as well. So UBS are our financial advisors and

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we met with them and talked about
the way that we were going to start

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putting the money into the market or
into bonds or into cash or whatever.

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And you know, they've implemented the
plan and have done a great job.

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As you said, we brought in
almost fourteen million dollars. And the great

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thing to Willie is UBS has been
a great partner for us. They're locals,

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so we've been able to talk to
them a lot. They were there

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yesterday black Rocks, so they brought
in some of their other financial managers that

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they use, so they brought the
Blackrock into discuss how they're investing the money.

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So it is going great. You
know, it's always hard. We

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have a limited amount in equities in
the market because as a market goes up

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and down, and we have more
bonds where we can be assured as far

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as the money that we'll receive in
returns. But I think we have a

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really good balance that we'll be able
to provide, you know, additional money

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to the city. We allocated thirty
six million to go to the city.

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I think it will probably go in
July or August of this year or next

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year, this year, this year, this year, and then what we

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have to do it's interesting, is
we have to let the city know in

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September of this year how much we're
going to give them next July, so

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that they can budget for that money
and so that they can budget for things

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as we talked about as infrastructure.
And so the way that we're going to

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be able to do that, which
is so great, will is when we

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look at our bonds. We'll have
interest payments interest rate payments on those,

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so we know exactly what those will
be for the year. Those are fixed,

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and then some of the companies that
were with with equities will know what

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the dividends are, so we'll be
able to look at that money and say

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to the city. We know absolutely
we will have this much money that we

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can you know, we can look
at and allocate a certain percentage of that.

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And then on top of that we
also still have the equity growing.

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And so before the sale the least
payments rough in about twenty six million a

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year from the railroad and correct,
there's no promises that there's no guarantees except

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through Midas Muffler. But if somehow
something goes wrong in the economy and then

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you release less money to the city
and not more. I guess as a

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someone involved in politics, who appoints
to five members of the board, that's

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you, Charlie lucan and and Tiller
and uh and Mark Mallory and who Paul

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and Paul's sevest So there are five
of us and only three can be from

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one political party, so that you
have diversity among the folks. So the

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mayor selects the people and then council
has to approve it. Are you getting

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any pressure to your knowledge from a
city council then unless you agree to expand

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the street car, they may come
and get your seat. Oh absolutely not.

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No, We are a separate entity
from city council. It's the same

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thing. It's no different than how
it would have been two years ago.

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I mean city council always could have
said, you're giving us this money,

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this is you know, you need
to give us for this way. Otherwise

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we're going to pull your seat.
That's just not something that can happen.

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We give them the money and they
are responsible for it to go for infrastructure,

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and that's what they need to do. So nothing has changed from our

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end. We still give them the
money and that's what they're supposed to use

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it for, and that's what they've
used it for for the past fifty years.

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You know they've used it. Now. What we're going to do,

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though, Willie, is we want
to We're revamp our website CINCINAI Southern Railway

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and put how the money is spent
so that users have complete you know,

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taxpayers have transparency and can say,
ah, Cincinnati Southern Railway gave them thirty

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five million dollars this year forty million
dollars. These are the projects that they

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used it for. So we want
to have complete transparency with the voters.

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Well, we'dn't like to hear that
at all because there's always backroom deals.

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But nonetheless, when John Schneider and
others. He's the great advocate for the

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streetcar, by the way, is
free and he's talking about expanding it up

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to Clifton out the Newport. And
there's some on council not in their heads,

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like like they're a bobblehead who has
control over how the money is spent?

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Could they could City Council spend the
money on the streetcar expansion Welle.

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I don't believe that they can because
it has to be for current infrastructure maintenance.

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So I don't believe they can,
and I don't think that they would.

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I don't think that they know the
CSR money. We have so many

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potholes that need to be fixed,
so many roads that need to be fixed,

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bridges that you know, whatever money
we give them, there are going

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to be plenty of really important opportunities. So it's up to the people though

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that you elect. It's up to
the mayor and elected officials of how they

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spend that money. So I encourage
people to go to council meetings and pay

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attention to how they're spending the money, same as they should have two or

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three years ago. Nothing has changed
from our viewpoint. They're still getting money,

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but the amount of money could skyrocket. In fact, in good times

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like these, if you're making like
seven million dollars a month, my simple,

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dear Park Matt tells me that's about
eighty four to eight ninety million dollars

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in a year. But then you
wouldn't release all that money anyway, correct

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if they have a great year,
athlete, explain that to the American people.

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Yeah, well absolutely, so it's
on paper right now fifteen million.

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And so something happened to the stocks. It's going to change every day.

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And our advisors told us, you
know, don't look at it on a

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daily basis, because if the stock
market goes up a little or down a

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little, it can have a huge
impact on your money. And so what

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we're looking at is we're going to
use the dividends and the interest payments interest

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rate payments to fund the city.
And if we had a year where we

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had ninety million, then we'll determine
what percentage what a month we'll give to

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the city. It needs to be
more than twenty six million dollars. Twenty

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six point five, I think is
what we guaranteed. It'll be more than

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that, but we want to keep
adding back into the principle so that if

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there are down years, we have
the buffer there. This is a thirty

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year deal, right growing with Lucan
and Sylvester and mew Thing and you the

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thirty year deal. It's like you
and this is something And I've had many

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people tell me, well, how
much money is Charlie Lucan making out of

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this deal? How come they're doing
that thing? How about Mallory? Can

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you explain that to the American people? Yes, I'm so glad that you

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asked me. I mean, this
has probably been one of the best nonprofit

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boards that I have ever been on. As I said, it's bipartisan.

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We have Democrats and Republicans. We
all work so well together and look at

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what's in the best interest for the
city. How can we get more money

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for the city. None of us
get paid, none of us have an

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interest in it. In the amount
of hours that you know, the board

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members have put in to really look
at this deal the last two or three

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years, it has been huge amounts
of hours. And in the bylaws it

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does say that we could pay ourselves, but we don't. And as I've

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said before, we don't even get
our parking paid for. So you know,

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there's there's nothing that any of the
people are making from the board.

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They are just there to do the
best they can for the city. So

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you're making no sense at all,
because most people I talk to don't believe

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that somehow they're saying new things getting
paid somehow Amy's making money on the side.

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Mallori with Logan and I say,
no, they don't. That's a

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bunch of bs. So can you
say again, how much money salary,

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expenses, fees, consultants, whatever
it is. How much money are each

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of you making? Zero percent?
And when we had our celebration dinner after

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it's sold, we all paid our
own meals, so nothing was paid back

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to anyone else. So we make
absolutely no money. We pay all our

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own expenses, and it's a lot
of time and energy, especially like Paul

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muf you needs the charity and all. He has spent so much time looking

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at this deal and it's really been
a service and a sacrifice to the city.

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And so it does make me really
upset if people say what's in it

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for you guys, because there is
nothing in it for any of us,

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you know, And I think Charlie
and Mark Mallry are doing it's part of

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their legacy. They care for the
city so much, and it's really an

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incredible way that they can serve.
And you know, I think it should

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be looked at as how boards should
work together. You're making no sense at

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all. Nonetheless, how do you
just give me your brief thought about how

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the city's doing right now? I
was so upset when Liz Keating did not

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win because there had to be somebody
on council to keep an eye on the

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other eight or nine and she lost. Going away, and I'm looking at

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open air drug markets. Cops tell
me that they stand down, relax,

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don't, don't do things. There's
an open air drug market, Saint Francis

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Sarah. That's going on as I
speak. And the solution is to shut

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down the Republic Street, as if
that's going to solve the problem. We've

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had massive shootings and other different qualities. And the mayor had a news conference

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the other day and said, well, we're going to keep open the swimming

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pools a bit longer and keep open
the rec centers, have some midnight basketball.

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And so if that's going to solve
the problem, do you think the

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city's in trouble? You know,
I worry about the city, and I

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worry that we only have Democrats and
elected office. And I'm not saying that

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even if there's all Republicans, I
think that you need to have the vocal,

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loyal opposition. You need to have
people. I played that role on

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council that said hey have you thought
about this? And maybe you don't sway

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people's votes, but you you do
change minds and you change outcomes and things.

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So I'm sad that Liz is not
on council because I think she played

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a really important role. And I
think it's a shame that the city doesn't

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have equal representation. I mean within
the city, I think we have twenty

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thirty percent Republicans, but they are
zero percent represented and independence as well,

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and so I think when you have
one party rule, I think you have

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less individuals making decisions. And I
think that that's never a good idea.

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And I think, you know,
with our pro secutter race coming up with

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Melissa Powers, you know she is
really all about law and order, as

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Joe Dieters was, and I worry
that if that changes, you know,

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that's really important. We've we've seen
what happens in other cities when you have

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a prosecutor that doesn't hold that don't
hold people accountable for their crimes. It's

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a it's a bad thing. And
I don't know this has been a time

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in our history where there's no Charter
Rights, no Republicans, and all Democrats

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on council. In fact, all
the Democrats controlled every county office except the

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prosecutor's office. That's going to be
a fight to keep it, and it's

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not the way it should be.
The engineersioneer office. But you know,

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you know what I think with that, and you are absolutely right because when

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you have just nine people that are
all of one party. Our last election,

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really there were ten people that were
running. The citizens of Cincinnati were

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not given a choice. When I
ran, there used to be twenty five,

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thirty thirty five people running. But
what's happening now is Democrats realize that

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you need to be on the sample
ballot she get elected. So people are

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self to themselves not to run.
And when that happens, then you have

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the Democratic Party or whatever party is
in charge, has a bigger role to

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play because they'll say, hey,
if you don't toe the line, you're

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not going to be on our ballot. Right, And so you know,

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I don't think that's good for voter. That takes away people's independent views on

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things it does. And there's no
fights going on in city council. There's

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no charterright, there's no Amy Murray, there's no one Ken Blackwell, there's

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no one overlooking and saying, hey, what about this. Everyone speaks with

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one voice and the county government speaks
with one voice, and it's not the

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way it ought to be. Well, Amy, we got to go.

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I guess congratulations. The one point
six billion came in. It's making about

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seven million dollars a month, which
is above expectations. And I hope the

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city doesn't spend the money on expanding
the streetcar, which you tell me is

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going to be difficult. I guess
they can maintain the Presidency Streetcar, but

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they can't expand that, I hope, But we'll see what happens. From

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Amy Murray, once again, you're
a great American. And thank you for

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coming on the Bill Cunningham Show this
glorious Wednesday afternoon. Thank you very much.

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Absolutely thanks Billy by Amy Murray.
She's about the best there is.

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And no, they're not making any
money now, No one believes that,

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and I know the integrity of Charlie
Luken. I know the integrity of Sylvester.

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I know the integrity of Paul Muthing
and Mark Mallory, and whenever I

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get with him, we laugh together. I know Amy Murray has principles and

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values. And they all say they
make no money. And guess what,

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I believe them. I know you
don't, but I believe them. I'll

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just continue with more. Bill Cunningham
The Great American Live, It's Home of

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the Reds, kicking off about five
forty did I, by the way,

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the weather looks better than we thought
tonight starting at five point forty, first

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pitch about six forty, all on
news radio seven hundred WULW. Meanwhile,

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in the incheted forest, a beautiful
princess is walking around with a frog.

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He says, if I kiss him, he'll turn into a prince. Did

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you give it a try? Of
course not. Guys will say anything for

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some smooches. It sounds like you
don't trust men. Trust Eddie and Rockey

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to make me laugh every day.
They're funny, But what about your little

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green friend? Looks like it's frog
legs for dinner? Eddie and Rocky give

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your day a fairy tale ending Eddie
and Rock this afternoon at three on seven

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hundred WLW Billy cunning into the Great
American for Paul Luck at McKinley Mortgage,

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continuing to help customers and families like
yours pay up all of their debt,

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car loans and student loan debts and
revolving credit cards visa MasterCard American Expressing saving

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people like you up to two thousand
dollars every month off total debt. And

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do not assume you won't qualify just
because you find yourself in quite a bit

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of debt. Perfect time is now
to refinance by flag Day, which is

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June fourteenth, and you get to
skip your July payment first, pay them

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nine to two into August and that
payment largely will be tax deductible. You

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can consolidate all your debt with a
fixed trade home equity loan. And if

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you're self employed, if you're a
self employed borrower, we have bank loan

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statements programs available for you that means
no tax returns, just bank statements.

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And if you're turned down by a
local bank or credit union, call mckindla

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Mortgage now seven nine one twenty seven
hundred or as always, Bestlow rates dot

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com. It's your chance soling a
thousand dollars. It's the Bloonus fox Kiveawaii.

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You could win a cor

