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<v Speaker 1>You're listening to bill Handle on demand from KFI AM

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<v Speaker 1>six forty bill handle here the tariffs I have kicked in.

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<v Speaker 1>I mean this said. The Retalia is wary tariffs.

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<v Speaker 2>And the big story is China back and forth. China's

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<v Speaker 2>not backing down. And as of right now this moment,

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<v Speaker 2>one hundred and four percent against Chinese goods, eighty four

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<v Speaker 2>percent against American goods into China, and small business is

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<v Speaker 2>getting nailed.

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<v Speaker 1>What do you do? Well? How about this?

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<v Speaker 2>You have a company that imports cookware from China, Cookwaar

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<v Speaker 2>made out of stainless steel, and now we're talking about

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<v Speaker 2>two of the products and geographical locations that are at

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<v Speaker 2>the top of the heap, and how do you deal

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<v Speaker 2>with it? My partner, my friend Savil Kellner, and we

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<v Speaker 2>own Lake Industries, which imports cookware from China. Great Cookwaar,

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<v Speaker 2>phenomenal cookwear, Savo, why don't we start talking about the

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<v Speaker 2>benefits of our cook wear and how great it is?

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<v Speaker 1>And now now we're not going to do that.

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<v Speaker 2>What's going on? We talk about this every day? How

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<v Speaker 2>are we you? You run the business dealing with the

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<v Speaker 2>price of everything and the imports.

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<v Speaker 3>Good morning Bill, It is so confusing. It's ridiculous. You know,

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<v Speaker 3>you just mentioned one hundred and four percent, and how

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<v Speaker 3>we get to that, of course, is the twenty percent

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<v Speaker 3>on the Fantinel deal, and then there was the thirty

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<v Speaker 3>four percent that the administration levied, which got us to

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<v Speaker 3>fifty four percent, and then of course last night the

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<v Speaker 3>other fifty percent came in, and that's one hundred and

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<v Speaker 3>four percent. What we didn't talk about and what we're

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<v Speaker 3>confused about, and confusion dominates the day, is the twenty

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<v Speaker 3>five percent tariff on stainless steel. Is that part of

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<v Speaker 3>the one hundred and four percent or is it over

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<v Speaker 3>and above? And the other interesting thing we just discovered

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<v Speaker 3>is there something called tariff stacking. So before we got

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<v Speaker 3>to one hundred and four and we were just at

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<v Speaker 3>the fifty four percent, if you started with a base

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<v Speaker 3>product cost for easy math of one hundred dollars, you

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<v Speaker 3>would add the twenty five percent Global stainless Deal tariff,

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<v Speaker 3>so that takes you to one hundred and twenty five

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<v Speaker 3>dollars one hundred plus the twenty five percent. Then you

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<v Speaker 3>add the fifty four percent on one hundred and twenty

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<v Speaker 3>five dollars. So it is so confusing. It is changing

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<v Speaker 3>each and every day. What are we doing. We're communicating

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<v Speaker 3>with our clients, our dealers in the United States, and

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<v Speaker 3>we're saying, look, this is changing, and we're going to

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<v Speaker 3>increase it or decrease it day to day. The best

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<v Speaker 3>thing we have done so far is, and I don't

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<v Speaker 3>think you and I have spoken about this, we're establishing

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<v Speaker 3>an FTC or a free trade zone in our building.

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<v Speaker 3>And that what that allows us to do right now,

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<v Speaker 3>and I recommend it for any small business. What allows

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<v Speaker 3>us to do is is defer two things. Number one,

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<v Speaker 3>defer tariffs. So when anything comes into our building, our

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<v Speaker 3>building is going to be officially designated as a free

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<v Speaker 3>trade zone. We will only play the tariffs once we

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<v Speaker 3>use the goods or ship the goods.

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<v Speaker 2>The big wait, You're allowed to do that under policy

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<v Speaker 2>and law?

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<v Speaker 1>Is that correct?

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<v Speaker 3>Correct? It's under policy and law. And in Nevada it

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<v Speaker 3>used to be you used to have to be in

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<v Speaker 3>a designated geographical area. No more. You can actually apply

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<v Speaker 3>and it's quite an easy application, somewhere between four and

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<v Speaker 3>seven thousand dollars depending on circumstances, but you can apply

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<v Speaker 3>to have a free trade zone within your building. You

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<v Speaker 3>do need to separate that part of the building off,

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<v Speaker 3>probably with chain link and locked because CBP customers Customs

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<v Speaker 3>Board Up Protection can come in at any point in

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<v Speaker 3>time and take inventory. But that to first tariffs. The

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<v Speaker 3>best part for us as a company is every time

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<v Speaker 3>we reship something outside of the country, if we wanted

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<v Speaker 3>to get the duty we paid upfront back, we would

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<v Speaker 3>have to file a lot of forms they called the

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<v Speaker 3>duty drawback. We don't have to do that anymore, so

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<v Speaker 3>we don't pay the duty while it sits in the

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<v Speaker 3>FTC or the free trade zone, and we we complete

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<v Speaker 3>a form and saying we ship this to Canada, we

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<v Speaker 3>ship this to Mexico, which we.

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<v Speaker 1>Let me interrupt for a moment.

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<v Speaker 2>The complexity of this, dealing with the tariffs, not knowing

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<v Speaker 2>day to day establishing any end around. Are you spending

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<v Speaker 2>more time dealing with this and even the nuts and

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<v Speaker 2>bolts of importing and selling our product.

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<v Speaker 3>I'm probably spending fifty to sixty percent of our day

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<v Speaker 3>doing that. We have to get creative, and the small

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<v Speaker 3>business person in America has to get creative or they're

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<v Speaker 3>going to go out of business. And by creative I

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<v Speaker 3>mean not circumventing the law by any means. You know,

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<v Speaker 3>last time we spoke, we were talking about Vietnam, if

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<v Speaker 3>you recall it, we were talking about Cambodia as options

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<v Speaker 3>to China. Those options are off the table because they're

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<v Speaker 3>up there already at forty six percent. What we're looking

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<v Speaker 3>at doing now is going back to the origin of

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<v Speaker 3>where you and I started working, which was South Korea,

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<v Speaker 3>because South Korea went back to the administration and played ball,

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<v Speaker 3>and it seems like if you play ball with this

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<v Speaker 3>current administration, they'll take care of you. So South Korea

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<v Speaker 3>is currently at a twenty five percent rate, where China

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<v Speaker 3>is at one hundred and four percent rate. The issue

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<v Speaker 3>is it changes hour by hour.

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<v Speaker 1>Yeah.

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<v Speaker 2>Can you imagine I was having a conversation and talking

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<v Speaker 2>about a twenty five san tariff as the best thing

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<v Speaker 2>in the world out there, the.

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<v Speaker 1>Best way we could go.

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<v Speaker 2>I mean, it is ridiculous to think about that, and

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<v Speaker 2>it's unbelievable.

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<v Speaker 3>It is unbelievable. I don't know how people stay in business.

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<v Speaker 2>Yeah, well you have to because you're making me money.

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<v Speaker 2>So spend the day, make me make me some money, please.

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<v Speaker 3>Okay, that is that is number one on my list.

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<v Speaker 2>M Saville Kellner my partner, my dear friend, and we've

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<v Speaker 2>been partners for what eighteen years already.

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<v Speaker 3>Yeah, it's been too long.

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<v Speaker 1>Yeah, it's been way too long. All right, thanks Savil.

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<v Speaker 1>All Right, I want to talk about homelessness.

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<v Speaker 2>Now. Homelessness used to be the biggest issue out there.

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<v Speaker 2>Matter of fact, the governor ran on a homelessness issue,

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<v Speaker 2>Gavin Newsom. Karen Bass became mayor on the back of

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<v Speaker 2>the homeless issue. Paul Caruso ran against her. It was

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<v Speaker 2>a homeless issue and that was the number one issue

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<v Speaker 2>that California voters, Southern California voters thought about until, of course,

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<v Speaker 2>the economic freefall here and Donald Trump coming in and

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<v Speaker 2>changing everything. So let me tell you what's going on

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<v Speaker 2>at southern California. La. La County, particularly La City has

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<v Speaker 2>been accused of some really heinous accounting practices in terms

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<v Speaker 2>of the approach to homelessness. Karen Bass has her program

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<v Speaker 2>and that's Safe La and it is. It's done a

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<v Speaker 2>pretty good job, ten percent reduction in homelessness, and she

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<v Speaker 2>came into office. The problem is how much money is

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<v Speaker 2>it costing, where's the money going, where's the oversight?

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<v Speaker 1>Is there fraud involved? Bill A.

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<v Speaker 2>Saley if I have that pronounced correctly. Newly appointed US

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<v Speaker 2>Attorney for La announced the formation of a criminal task

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<v Speaker 2>force to investigate potential fraud and corruption involving the homelessness funds.

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<v Speaker 2>And the bottom line is there are millions, hundreds of

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<v Speaker 2>millions of dollars out there and we really don't know

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<v Speaker 2>how that money has been spent. At best, this is

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<v Speaker 2>pure negligence and lack of oversight. At worst, this is

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<v Speaker 2>corruption and criminal activity. And the US Attorney for La

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<v Speaker 2>Isie is saying, We're going to find out taxpayers serve

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<v Speaker 2>answers for where and how their hard earned money has

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<v Speaker 2>been spent. No kidding even to the point where La County,

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<v Speaker 2>which had been funding the city agency that's LA Housing,

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<v Speaker 2>what is the housing authority? A homeless services authority has

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<v Speaker 2>pulled three hundred million dollars because of the lack of accountability,

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<v Speaker 2>lack of reporting. Correctly, we don't know where the money

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<v Speaker 2>is going. I mean, it's that bad when La County,

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<v Speaker 2>this heavily invest in homelessness, pulls three hundred million dollars

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<v Speaker 2>from LA City based on the fact that money is

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<v Speaker 2>missing or money has been misspent, and no one really

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<v Speaker 2>knows one way or the other where it's gone. I

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<v Speaker 2>usually am not a big fan, particularly a big fan

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<v Speaker 2>of this administration using its powers to come in and

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<v Speaker 2>disrupt programs, disrupt entire divisions of government.

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<v Speaker 1>I'm not a huge fan of that.

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<v Speaker 2>However, in this case, you know, I'm surprised that it

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<v Speaker 2>hadn't been done before. And I'm going to give the

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<v Speaker 2>Trump administration big kudos on this one. And ASSAILI is

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<v Speaker 2>an interesting guy. He's a former state assembly member who

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<v Speaker 2>has just been appointed by the Attorney General to be

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<v Speaker 2>the US attorney in Los Angeles, and man, he has

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<v Speaker 2>been speaking out against what he called the homeless industrial

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<v Speaker 2>complex for years. He has looked at this as a moneymaker,

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<v Speaker 2>providing homeless services almost as an after after making the

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<v Speaker 2>money and hiring bureaucracies, and even to the point where

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<v Speaker 2>and this is I don't think just an accusation. It's

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<v Speaker 2>being thrown out there for political purposes. The federal judge

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<v Speaker 2>who has been involved in homelessness, David o'carter, has become

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<v Speaker 2>his Bailey Wick.

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<v Speaker 1>This is his wheelhouse.

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<v Speaker 2>This is who's known for dealing with homelessness here in

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<v Speaker 2>La La County, southern California.

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<v Speaker 1>Orange County.

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<v Speaker 2>He issued a scathing report about how the agencies are spending,

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<v Speaker 2>not spending and appropriately spending money. And our new US

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<v Speaker 2>Attorney's got to say people are going to go down

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<v Speaker 2>on this one, and I hope they are. I mean,

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<v Speaker 2>when you talk about how particularly vulnerable people are the homeless,

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<v Speaker 2>and they really don't know where to go, and I

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<v Speaker 2>know that there's a whole philosophy, well, they have to

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<v Speaker 2>pull themselves up by their bootstraps, and this is America,

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<v Speaker 2>and they have choices. There are a lot of people

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<v Speaker 2>that are homeless that are up in this homeless situation.

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<v Speaker 2>I'm going to talk about that coming up at seven

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<v Speaker 2>point fifty this morning. There's a story I want to

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<v Speaker 2>tell you about that that you probably haven't heard of.

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<v Speaker 2>There are people that just don't have the wherewithal, they

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<v Speaker 2>don't have the access. They're caught up in this. They

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<v Speaker 2>are incredibly vulnerable people. And the quote housing people that

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<v Speaker 2>are there for the benefit of the homeless, well, a

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<v Speaker 2>lot of money is being spent, a lot of money

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<v Speaker 2>is not being accounted for. And as the US Attorney

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<v Speaker 2>has said, a new guy head's going to roll. If

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<v Speaker 2>we find there's criminal accusation, heads are going to roll.

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<v Speaker 2>Heats and roll anyway, just because of negligence. I mean,

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<v Speaker 2>you hire someone, let's say you're in private business and yeah,

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<v Speaker 2>you're a division head or you're a CEO or somehow

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<v Speaker 2>you're a manager, and you hire someone that just is

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<v Speaker 2>completely negligent. How long does that person stay working for you?

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<v Speaker 2>You're out, You're gone, Donald Trump, You're fired.

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<v Speaker 1>That's Donald Trump saying that on The Apprentice. By the way,

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<v Speaker 1>just in case you didn't get that.

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<v Speaker 2>Okay, another little spin on the what's happening with the

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<v Speaker 2>Trump administration is the freezing of seven hundred and ninety

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<v Speaker 2>million dollars in federal funding, Northwestern University a billion dollars

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<v Speaker 2>to Coronell frozen, Harvard nine billion dollars.

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<v Speaker 1>I mean, the list just goes on and on. And

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<v Speaker 1>why is this happening?

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<v Speaker 2>Well, it's real simple, and that is as you know,

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<v Speaker 2>and again I have said, there's no agend, there's no

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<v Speaker 2>secret agenda with President Trump and the Trump administration. You

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<v Speaker 2>know exactly where he is going to go, you know

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<v Speaker 2>exactly he's going to follow his promises. And that's exactly

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<v Speaker 2>what has happened, certainly in terms of what he's attempting

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<v Speaker 2>to do and one of those is to unravel the

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<v Speaker 2>DEI programs around the country. He just doesn't want it

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<v Speaker 2>to happen. It's wokeness, political correctness. He's fought against it

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<v Speaker 2>for years. Also anti Semitism. Now he is as about

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<v Speaker 2>as pro Israeli as you can get. Jerry Kushner, his

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<v Speaker 2>son in law, is an Orthodox practicing Jew. He has

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<v Speaker 2>a lot of Jewish buddies and business partners over the years,

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<v Speaker 2>and he's a big fan of Israel. It's not simple

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<v Speaker 2>and does not like anti Semitism. I mean, one thing

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<v Speaker 2>he has been has not changed his mind on that

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<v Speaker 2>one in.

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<v Speaker 1>Decades and decades.

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<v Speaker 2>So the Trump administration is saying, under federal law, on

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<v Speaker 2>the Title six of the federal law dealing with discrimination,

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<v Speaker 2>guess what, I'm yanking the funding because these universities are discriminating. Well,

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<v Speaker 2>wait a minute, what do you mean discriminating. It's the

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<v Speaker 2>other way around, isn't it.

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<v Speaker 3>No.

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<v Speaker 2>What Trump is say saying is you are discriminating against

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<v Speaker 2>white people, and you are because you're pushing for DEI

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<v Speaker 2>diversity inclusion. Minorities are being given preference. That's illegal. You

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<v Speaker 2>can't do that. There has to be an even playing

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<v Speaker 2>field now, we can talk about what's even, what's not even.

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<v Speaker 2>We can talk about the history of how America has

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<v Speaker 2>treated minorities, particularly blacks. All of that is certainly open

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<v Speaker 2>for discussion and should be discussed. But right now, on

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<v Speaker 2>its face, here's the law no discrimination. And if you

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<v Speaker 2>have a program that says we are going to give

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<v Speaker 2>preference to minorities, to blacks, to gay people, that's illegal

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<v Speaker 2>under federal law Title six. And that is the argument

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<v Speaker 2>that's being used, is that these universities have enormous number

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<v Speaker 2>of DEI programs, and they do and anti semitism. That's

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<v Speaker 2>the other reason that money is being yanked, because the

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<v Speaker 2>argument is that they are at the forefront of anti

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<v Speaker 2>semitism in this country, pro Palestinian demonstrations, allowing pro Palestinians

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<v Speaker 2>to wear masks at demonstrator at demonstrations on campus so

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<v Speaker 2>they can't be recognized. The Trump administration is freezing seven

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<v Speaker 2>hundred and ninety million dollars in federal funding to Northwestern University,

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<v Speaker 2>a billion dollars to Cornell, nine billion dollars to Harvard,

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<v Speaker 2>freezing those funds. And why is that Because they're being

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<v Speaker 2>told get rid of your DEI programs and your acceptance

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<v Speaker 2>of anti semitism, and when you do get rid of those,

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<v Speaker 2>we'll talk about refunding the money or refunding your programs again.

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<v Speaker 1>And of course the universities are.

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<v Speaker 2>Just spinning because so much of what they do is

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<v Speaker 2>based on federal funding, the grants, the program I mean,

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<v Speaker 2>all of it is based on federal money.

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<v Speaker 1>It's really surprising how.

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<v Speaker 2>Much federal money goes into these universities. And so this

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<v Speaker 2>is all about DII programs. And there's two separate issues here.

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<v Speaker 2>One is allowing anti semitism on campus, which the universities

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<v Speaker 2>have in fact done, so you had the president of

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<v Speaker 2>Harvard had to resign in a couple of other universities

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<v Speaker 2>because of the allowing of these protests and not doing

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<v Speaker 2>enough to stop anti semitism, which, by the way, universities

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<v Speaker 2>have done that forever. Universities have been at the forefront

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<v Speaker 2>of the anti Semitic movement, or at least allowing of

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<v Speaker 2>anti semitism for years and years, and that we've known

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<v Speaker 2>about and because it's well, it's First Amendment, it's political freedom,

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<v Speaker 2>but it's always goes in that direction. The other one

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<v Speaker 2>is the DEI programs, and as that pissed off the administration.

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<v Speaker 2>We're done, the military, finished, corps, falling into line.

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<v Speaker 1>Getting rid of their DEI programs.

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<v Speaker 2>Schools, Well, let me give you an example of where

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<v Speaker 2>quote political correctness and the two were really tied in together.

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<v Speaker 2>I went to cal State Northridge, and now we're talking

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<v Speaker 2>in the seventies. Okay, mid seventies. I'm in cal State Northridge.

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<v Speaker 2>That's a lot of years ago. And I decided I

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<v Speaker 2>was going to take a Pan African course. I don't

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<v Speaker 2>know why, but I was crazy and decided, okay, I'm

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<v Speaker 2>interested in African studies. So I walked into the classroom.

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<v Speaker 2>I was the only white guy there. It was all

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<v Speaker 2>African American students. And those were the days of the Afros,

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<v Speaker 2>so you couldn't actually walk down any of the aisles

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<v Speaker 2>because the Afros were touching each other, and I had

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<v Speaker 2>to walk around the outside or the corners of the

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<v Speaker 2>classroom on the walls. And I remember walking into the

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<v Speaker 2>classroom and teacher hadn't been there yet, and in walks

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<v Speaker 2>the teacher, the professor full the shiki African garb, and

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<v Speaker 2>he writes his name on the board and whatever it was,

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<v Speaker 2>some African name that.

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<v Speaker 1>He had.

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<v Speaker 2>Accepted or that he has got he had that was

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<v Speaker 2>now using and one statement on the board, and it

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<v Speaker 2>started with the white man is the devil. Now.

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<v Speaker 1>I lasted ten minutes.

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<v Speaker 2>I got out of there, and I'm thinking, how does

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<v Speaker 2>a university allow this to happen.

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<v Speaker 1>Where that kind of virulent.

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<v Speaker 2>In this case, anti white sentiment is allowed, anti any

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<v Speaker 2>kind of sentiment, sentiment is allowed.

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<v Speaker 1>Now, the argument was.

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<v Speaker 2>That it was the pendulum swinging back, and in fact,

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<v Speaker 2>there are some real issues with the way black African

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<v Speaker 2>Americans were treated. Of course, there are some real issues,

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<v Speaker 2>slavery being the original sin of.

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<v Speaker 1>The United States.

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<v Speaker 2>The first black man to hit American shores was a slave.

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<v Speaker 2>I mean, there are some huge issues involved, but teaching

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<v Speaker 2>the how evil we are I am because of what happened,

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<v Speaker 2>and that's exactly what the Trump administration is saying, We're

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<v Speaker 2>done with that.

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<v Speaker 1>That's for one.

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<v Speaker 2>The other one is the entire DEI philosophy program.

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<v Speaker 1>We're finished with that.

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<v Speaker 2>It is the law says we have to treat everybody

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<v Speaker 2>the same, there will be no preference. The argument, of course,

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<v Speaker 2>and I had Jesse Jackson to make this argument when

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<v Speaker 2>I interviewed him, saying, you know, what we are We

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<v Speaker 2>minorities are given now we're given the benefit. We are

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<v Speaker 2>now getting better treatment than And why is that? Because

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<v Speaker 2>the pendulum has to swing back because it was so bad,

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<v Speaker 2>and the Trump.

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<v Speaker 1>Administration is saying no.

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<v Speaker 2>And so you have political correctness as far as this

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<v Speaker 2>administration is concerned.

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<v Speaker 1>It's gone. It's gone.

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<v Speaker 2>And we hear of people getting preference in terms of hiring,

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<v Speaker 2>in terms of education, in terms of scholarships. You know

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<v Speaker 2>it's going to all be married based. That's what the

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<v Speaker 2>Trump administration is saying. You're not going to have these

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<v Speaker 2>other programs out there.

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<v Speaker 1>And so you.

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<v Speaker 2>Now have Harvard losing nine billion dollars in federal funding.

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<v Speaker 1>I mean, if I'm running Harvard, I'm spending on this one.

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<v Speaker 2>I'm going way Wait a minute, Brown University half a

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<v Speaker 2>billion dollars, Princeton Columbia. I mean we're talking about all

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<v Speaker 2>manner of programs, not just DEI programs.

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<v Speaker 1>I mean, stop federal funding period.

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<v Speaker 2>Also, the ban on masks on campus because you had

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<v Speaker 2>these Ivy.

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<v Speaker 1>League university.

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<v Speaker 2>Schools allowing demonstrations on campus right not outside on campus,

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<v Speaker 2>with students allowed being covered up, their their faces being

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<v Speaker 2>covered up. Because that was hiding their illegality, and the

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<v Speaker 2>school was allowing that, and the Trump administration saying we're

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<v Speaker 2>done with that, We're finished.

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<v Speaker 1>Do I agree with that? You bet you I do?

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<v Speaker 2>All right, This is KFI AM six forty.

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<v Speaker 1>You've been listening to The Bill Handle Show.

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<v Speaker 2>Catch my Show Monday through Friday, six am to nine am,

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<v Speaker 2>and anytime on demand on the iHeartRadio app