WEBVTT

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I entered this nationwide keyword on our
website. Okay, that's hey, enter

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it now. Bill Cunningham, the
Great America looking forward to my next vacation.

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You can't get much better than that. I need a little bit of

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time off. The wars at talk
radio continue to be brutal. But until

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then, I see with great interest
in Amy Murray and Charlie Luken and Paul

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Musing and others in their possession.
I think in about eight weeks one point

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six billion dollars and that's real money
about the Norfolk Southern Sale. What's happening

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with that? They're in the mid
trust of picking the person to manage that

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money. Was like five finalists.
Don't know what's going to happen down the

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road. Of course, Amy can't
prejudiced the case by talking about which one

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looks more favorable. But until then, Amy Murray, welcome to the Bill

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Cunningham Show. And Amy, how
are you good? How are you really?

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Happy? New Year? Happy new
to year? And all that entails.

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I see that the other four members
of the board, of which you're

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the more and ethical head, is
talking about who to give the one point

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six billion dollars to kind of tell
the American people this day after Martin Luther

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King Junior holiday, What is happening
with the one point six and how's the

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board doing? Where's the money going
to go, when will it be picked,

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how will the money be spent?
And all those issues please go absolutely

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So, as you know, this
went through the election in November, so

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it has approved to pass. We
will receive the money on March fifteenth,

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and so right now the five members
of the board were conducting interviews to see

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who will be the money manager.
We sent out a request for proposal and

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had seventeen really great companies apply to
manage the money. And just to be

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clear to people, this is managing
the money, growing the money. It's

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not spending the money. That is
that money will go to the city and

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the city will use it on infrastructure
like they have in the past. So

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what we're talking about is making sure
that we are protecting this asset so that

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it will continue to grow for the
next generations. And I noticed March fifteenth

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is when Julius Caesar was stabbed to
death in the Roman Senate, and I'm

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thinking, will there be some coup
where Charlie Luken will go down? Hard

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is a March fifteenth. Why is
that date magical? Why pick that date?

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You know what, that's the date
that was set when we were doing

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the negotiations. It gave us enough
time after the election ended for us to

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get everything in order. We want
to be able to have our money manager

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set and be able to give the
money to them at that time and invest

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it properly. And as you mentioned, Charlie Luken's on the board, Paul

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Muthene, we also have Mark Mallory
and Paul Selvester and really this is a

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board I think how boards really are
supposed to run. You know, three

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of us have been political in our
past lives, really know the city.

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All of us love the city a
lot, and really feel like this is

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a huge legacy that we were leaving
to the city. And this board really

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works well together. So I'm not
expecting any coup. We all, you

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know, from day one, have
worked for the same cause and saying reason

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and there's not a lot of politics
involved. So that is so nice.

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So if the five of you get
together with the nine members of council and

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they got robes on and they got
sharp instruments under their dresses, don't go

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to the meeting. The eyes of
March. Maybe there'll be some assassination attempt

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of Julius Caesar that we don't have
to worry about that that half tab pair

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ofval Augustus will arise and seize the
money and run away with it. That's

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not gonna happen. Okay. You
know what is so funny though, is

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my one acting debut. I was
like in sixth grade and I played brudis

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there you go? I'm worry.
I'm worried. I'm sorry, there's gonna

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be aless coup. And it's so
funny because it was not that great and

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my mom still remembers it and we'll
bring it up and said that was such

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a great acting debut. So now
now we might be worried, Willie,

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I don't it would be because you
know, half tam pure of all is

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very aggressive and he wants the money. He needs the money. Now let's

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talk about, let's quote having so
much fun. Let's not do that anymore.

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Now. As far as some people
are concerned, like Tony Bender,

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that the money is going to be
used for the street car to go up

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the hill, which is it's great
to have where there's no fee to get

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on the street car. You know, it's for free, so they talk

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about the ridership is up. It
doesn't cost anything. It's costing a freaking

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fortune. Any chance this money could
be used to extend the streetcar up they

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held into Clifton after all, that
is infrastructure, well it is, and

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so anything that the money could have
been used to for before the sale,

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it can be used for after the
sale. So the sale does not make

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any difference what the city can use
the money for. It has to be

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ongoing infrastructure, so you know,
it might be a fight for someone.

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I don't think it can be a
new street car. I think it could

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be if there were issues with the
current rails and doing something like that.

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But it's got to be current infrastructure
upgrades and maintenance. And so we are

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giving the money to the city like
we always have some we really keep a

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separation of church and state. We're
responsible for the money. When we received

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it from Northfolk Southern, we gave
that money to the city and they spend

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it on the infrastructure. The city
right now really has I think four hundred

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million dollars worth of past infrastructure needs, so I think that they have plenty

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to use this money for. And
with us being able to hopefully give them,

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you know, almost double of what
they're receiving now. Hopefully we'll get

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more roads paved, police stations,
upgraded fire stations, things like that.

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But you know, they don't come
to our meetings, so we don't have

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the mayor at our meetings. They
don't have their finger on the scale of

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who we're going to pick for this. It's the five members and likewise,

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we give them the money and you
know, based on how much we have

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and how much we've received an interest
that year. We give them that money

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based on our decisions, not what
the city needs, but what we are

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able to give so that we can
keep that fund growing. And you know,

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we'll add money back into the fund
hopefully every year and you know,

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keep it growing for quite a while
now, Amy Murray, one of the

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trap doors in this deal might be
the ability of counsel and or the mayor

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to appoint the members of the board. Whoever controls the board controls the money.

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Is there any whispering in your ear, whether mew Thing or Lucan or

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you or Mallory whatever, saying I
kind of want you to do this,

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kind of want you to do that. And since the American appoints. You

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can't the mayor let you go if
you don't dance to his music. So

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we have not heard anything like that
from this city at all, and so

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you know, that really makes me
feel positive about that. Also, on

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the board, really it can only
be three members from one party. So

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the good news is they'll always be
two members from another party, from the

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Republican Party on the board. And
so I think if people were planning to

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do something, whoever those two members
are, if it's an hour in twenty

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years, you know, would raise
the issue if there's something untoward going on,

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which I don't foresee. Also,
if we give blow twenty five percent

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of our principle, then we are
not able to give any money to the

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city until we bring that up.
So it doesn't behoove the city or anyone

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to try and spend the money or
spend out of the principle, because then

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we would have to legally. This
was part of Dewaines bill, stop giving

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them money until it's built back up. So you know, we try to

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put in every safe to measure that
we can. I know it's really hard.

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I know people often don't trust government
or politics, but we are doing.

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You know, we try to put
every safeguard in place so that this

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money will continue to grow and that
you know, the situation you talk about

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can't happen in about two months.
You're going to get one point six billion.

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You have it down to the last
five. What are the two or

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three parameters as far as the money
manager. You have to pick someone in

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the next few days or a few
weeks. But what are give me two

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or three of the parameters. Yeah, So we actually have our meeting tomorrow

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and we'll have the five finalists come
in and we'll have interviews with them and

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discuss different issues. All of us
brings something different to the party as well

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as we have Davenport, which is
a manager consulting group that does this all

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the time. And then we have
two volunteer people from the Cincinnati area,

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car Is Shure and Bob Sido,
that have a lot of hands on expertise

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on this in the Cincinnati area,
so they are helping us with their financial

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expertise. What we're looking though,
for is the firm background, qualifications,

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experience. You know, really an
important thing is cybersecurity. We want to

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make sure that the money's in there
and that it's safe and that there won't

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be any issues. We're looking at
their proposed approach to the funds, the

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performance measurements and how they'll evaluate it. Any special advantages the firm has,

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of course they're fees, so those
are some of the main things we're looking

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at. Of course, you know, inclusion is one of those that's listed,

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is one of the guidelines also,
so we're looking at a variety of

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things to make sure that we have
the best group to manage this money.

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What does inclusiveness mean? What is
it? Well, I think that that

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what what it means is that the
firm that we're using, they're going to

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look at different fund managers to manage
different parts of the fund. So that

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you know, the city is fifty
percent African American, and we want to

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make sure that of the one point
six billion that you know, some parts

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of the fund will have that opportunity. And I know, you know this

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is really important to Mark Mallory and
and you know obviously the mayor and folks

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like that, So we just want
to make sure that you know, there's

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some different groups so it will be
part of the smaller amount of managing the

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funds. Well, it's not about
you know, about black or white.

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It's not about blue or red.
It's about competency. It's got to be

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about who's the best. How come
skin color counts for something as opposed to

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simply worried about the green. Yeah, well, the main thing is we

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are worried about the green. And
I think all five of the funds we

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have are very representative of great funds. And I think the reason that that

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was added in on the inclusion part. It's a smaller part of it,

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but I think it's important to some
members in Cincinnati that you know, when

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they use the one point six billion, you know, one hundred million might

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go to one fund, ten thousand
to another or whatever, and that at

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least there's looking at that. And
that's not going to be the main point

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at all, Willie. It's going
to be that we get a return on

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our investment. I mean, that's
the absolute main thing that we are looking

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at. We want to get the
return and uh, you know, be

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able to grow this for the city. Let's see what happens there. You

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know, I'm all about merit,
not so much about races and picking people

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by the color of their skin or
the kind of sex they enjoy. It's

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kind of the way things are today. But let's worry about merit. Well.

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And really I agree with you because
if you remember when I was on

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council, one of my biggest concerns
is on council they were looking at like

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the pension fund and what would go
into that. And you know, we

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started having council members say things like, well, if a company deals with

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this other company that we don't agree
with, or we don't want to invest

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in them, and you know,
we we shut that down right away.

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And because for the pension fund and
for this, it's not based on these

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things. It has to be based
on what's bringing the best return for the

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city. Stay focused on that.
I would not go ahead, go ahead,

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oh no. And so you know, so we've made it crystal clear

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that is us five members. You
know, that's what we're looking at,

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is the return for the city.
Yeah. I don't care if they're all

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black, all white, all brown, all gay, all straight. I

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just want competency. And that's the
way it is. But and the money

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comes in March, as I understand
that the first year or two there's no

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money dispersed at all to build up
a little bit of reserve. Is that

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correct? There's no money spent on
infrastructure the first couple of years, Well,

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that's up to the city. We
are looking right now because obviously we're

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getting it in March and normally we
get our least money from Norfolk and Southern

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so we're working with the city so
that we can disperse money to them.

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In the first year or two.
It's just probably going to be a little

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different than it's going to look after
we've been into a full year and we

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have money and we have returns.
And lastly, what's happened to the Amy

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Murray's and the List Keatings Because I
look at you two as competent who happen

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to be female, but you make
sense, you have accomplishments, you care

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And now the List Keatings in the
Amy Murray's cannot get elected as city Council.

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They're all in the same political stripe. And looking into the future,

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there's a little chance I think City
Council is going to become a Republican anytime

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soon. In fact, as you
said to begin this, the five members

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of this board are diverse, and
they get together and they work, and

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they're Democrats and Republicans and one eye
is keeping the other one checking things out.

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But none of that's happening on city
council now. They all speak with

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one voice. All the votes are
nine zip. There's no watchdog. And

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what happened to Amy Murray and Liz
Katy, well really, I mean that

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is a huge problem for our city
and I think everyone needs to be really

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aware of it. I mean,
Liz Keating was a wonderful candidate. And

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you know, we used to have
twenty five people run for city council,

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and because now the Democrats have such
a strong hold, last time we only

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had ten. And so it's really
the Democratic Committee in Cincinnati that's picking who's

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going to be the next city council
member. It's not really the election,

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it's whoever they put on the sample
ballot. And you know, we have

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a lot of Republicans within the city, so with fair representation, we should

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have two or three people on council. So problem you need to have the

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loyal opposition. You need to have
people that bring up issues when it happens.

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I know that's role I played a
lot on council, and Liz did.

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If there were things that went on
that we felt were uncomfortable of letting

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other people know, alerting the media, stopping it, bringing other viewpoints to

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our colleagues. So I think having
one of all party is not good for

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the city at all. It really
worries me and Bill. I don't know

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who's going to run as a Republican
no one. This point not worth it.

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You know we will the next selection
be nine Democrats are already incumbents runing.

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It's sad for the city. Yeah, Liz had the most money,

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the most competency. You ran a
great campaign, didn't get a sniff,

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finished tenth by like two thousand votes, not even close. Well, Amy

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Murray, good luck, and we'll
see what happens in the future. And

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to beware of the eyes of March. And if you're called to a meeting

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with a f tab pirival, have
them go through a metal detector. Okay,

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00:13:52.679 --> 00:13:54.879
you take care of Willie, all
right, Amy Murray, thank you

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00:13:54.960 --> 00:13:58.360
very much. Let's continue with more
if the line becomes available. Five one,

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00:13:58.399 --> 00:14:01.480
three, seven, four, nine
seven. Bill Cunningham, the Great

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00:14:01.519 --> 00:14:05.240
American, loud, proud and sassy, all on news Radio seven hundred WLW.

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Meanwhile, in Geppetto's workshop, the
Blue Faery suddenly appears really, I

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00:14:11.879 --> 00:14:16.559
never thought i'd find this place.
Are you here to turn Pinocchio from a

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00:14:16.600 --> 00:14:18.480
poppet into a boy? Are you
kidding? Do you know what kind of

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00:14:18.480 --> 00:14:22.720
trouble you get into? Smoking,
drinking, gambling? And what are you

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00:14:22.840 --> 00:14:26.679
doing here? I want to listen
to Eddie and Rocky and Geopetto's got some

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00:14:26.799 --> 00:14:31.279
kickass woofers. Eddie and Rocky,
Yeah they make me laugh. Now shut

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00:14:31.360 --> 00:14:35.320
up so I can hear the show. Sorry, Eddie and Rocky, give

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00:14:35.360 --> 00:14:39.600
your day a fairy tale and Eddie
and rock This afternoon to three on seven

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00:14:39.679 --> 00:14:46.080
hundred WLW. Draftking Sportsbook and official
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