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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.

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<v Speaker 2>KFI AM six forty Bill Handle. Here it is Aday, Wednesday,

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<v Speaker 2>September twenty five.

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<v Speaker 1>Some of the big stories we're looking at.

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<v Speaker 2>Yesterday, the Senate passed a bill that gives Vice President

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<v Speaker 2>Kamala Harris and former President Trump the same protections.

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<v Speaker 1>As Joe Biden, a sitting president. And that's new.

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<v Speaker 2>And by the way, it was unanimous in the House

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<v Speaker 2>and in the Senate. You don't see that very often. Also, Helene,

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<v Speaker 2>Florida residents are bracing for Helen the first or excuse me,

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<v Speaker 2>I think it's what the fourth hurricane to make landfall

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<v Speaker 2>in the US this year and we're only into how early.

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<v Speaker 1>In the season, are we? Huh? We're going to see

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<v Speaker 1>a lot of hurricanes this season. Okay. Lawsuit time.

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<v Speaker 2>The Justice Department is sued Visa alleging it has monopolized

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<v Speaker 2>the market for consumer payments and it's worth trillions of

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<v Speaker 2>dollars every year the market. It's an anti trust complaint

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<v Speaker 2>that effectively says Visa, you are curtailing the market, you

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<v Speaker 2>are not letting free enterprise, and we're gonna stop it.

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<v Speaker 2>And here's what the Justice Apartment is saying Visa did

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<v Speaker 2>it has paid companies like Amazon or like Apple and

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<v Speaker 2>others in an Amazon.

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<v Speaker 1>To hold on a minute.

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<v Speaker 2>I'm I've got double vision here for a moment. A right, Yeah, no,

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<v Speaker 2>I just you know, occasionally I get vertigo and then

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<v Speaker 2>I go crazy.

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<v Speaker 3>I get you know, wait, how many fingers am I

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<v Speaker 3>holding up?

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<v Speaker 1>Nine? No, it's just the one. Oh, okay, it's one.

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<v Speaker 1>So let me get through this a moment anyway. I'm

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<v Speaker 1>that's weird, Neil. You're four people.

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<v Speaker 2>Well, I had no idea, you know, and it's it's

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<v Speaker 2>not any better looking either.

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<v Speaker 1>You don't want four of me? No, no, I don't

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<v Speaker 1>want four of you in any case? What all right? Yeah,

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<v Speaker 1>I'm okay, I just have a I'm not going to

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<v Speaker 1>stand up. Yeah, I have a little vidigo.

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<v Speaker 3>They'd be concerned about you.

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<v Speaker 1>It occasionally hits me. No, I'm fine. I'm fine. It's

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<v Speaker 1>not like I'm having a.

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<v Speaker 3>And then we'd have to go pokey with a stick.

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<v Speaker 1>Yeah, yeah, that's true.

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<v Speaker 2>That's by the way, if I ever do stroke out

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<v Speaker 2>or have a heart attack or whatever, I'm definitely gonna

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<v Speaker 2>do it on the air.

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<v Speaker 1>Boy, what ratings? Where we get on that one.

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<v Speaker 3>And it makes us signed documents that we will we

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<v Speaker 3>will do it for the ratings.

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<v Speaker 2>In any case, the point of this story is that

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<v Speaker 2>Visa is being accused of using its power.

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<v Speaker 1>It has sixty percent of the market.

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<v Speaker 2>We're talking about it when it chargess to process the

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<v Speaker 2>credit cards, and there is a fee that Visa and

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<v Speaker 2>other processors charge, And the Justice Department is saying, hey, guys,

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<v Speaker 2>you have a huge market and the way you're acting,

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<v Speaker 2>because not only are you curtailing the transactions, and here's

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<v Speaker 2>how they do it. If one of the vendors who

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<v Speaker 2>uses you, in fact ghosts uses anybody else for anything else,

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<v Speaker 2>higher fees kick in. And they've paid Amazon and have

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<v Speaker 2>paid Apple to not develop their own transactions and cut

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<v Speaker 2>them in for their profit.

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<v Speaker 1>And according to the Justice Department, if.

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<v Speaker 2>It's true what they say, you bet, it's in violation

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<v Speaker 2>of the antitrust laws.

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<v Speaker 1>You can't do that. You can't do that.

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<v Speaker 2>You cannot work that aggressively to control the market, in fact,

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<v Speaker 2>successfully control the market. And this is what Visa is

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<v Speaker 2>being accused. Of course, Visa said, absolutely not true. We

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<v Speaker 2>don't control the market sixty percent. And the lawsuit this

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<v Speaker 2>is according to the Visa General Counsel, that the lawsuit

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<v Speaker 2>ignores the reality that Visa is just one of many

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<v Speaker 2>competitors in a debit space that is growing and believing

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<v Speaker 2>this is growing like crazy because how many stores are

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<v Speaker 2>disappearing and how much is online shopping growing.

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<v Speaker 1>It's growing like crazy, and it's.

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<v Speaker 2>Credit cards that have to be used, although credit cards

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<v Speaker 2>are used across the board, and it's the Just Department

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<v Speaker 2>saying this, just thinkt fair the way Visa is acting.

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<v Speaker 2>Of course Visa said no, no, no, no, there are

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<v Speaker 2>plenty of competitors out there. If this is true, I

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<v Speaker 2>think Visas in a lot of trouble. There's no question

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<v Speaker 2>about it. So it's not going to be broken up.

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<v Speaker 2>That is not going to happen. Just Apartment is not

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<v Speaker 2>asking for that. They're just asking that Visa stop doing

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<v Speaker 2>what it's doing. Now, let's move into politics for a

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<v Speaker 2>moment with this story. Who gets elected, Well, e, she

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<v Speaker 2>gets elected, She's going to continue on with this lawsuit

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<v Speaker 2>to nail Visa. Now, if Donald Trump gets elected, is

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<v Speaker 2>he get to stop this because he is pro business?

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<v Speaker 2>You know, this lawsuit was started under Donald Trump, He's

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<v Speaker 2>the one under his administration. They went after Visa for

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<v Speaker 2>anti trust. So you can't necessarily think that it's.

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<v Speaker 1>Going to be all roses. What's the phrase peaches and cream.

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<v Speaker 2>Peaches and cream, pins and roses, raining cats and roses.

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<v Speaker 1>I don't know what that is.

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<v Speaker 2>In any case, it's not necessarily going to be a

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<v Speaker 2>whole lot of help for Visa if Trump wins this election.

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<v Speaker 2>And by the way, if this is true, which I

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<v Speaker 2>think it is, well, Ticketmaster got nailed for excessive prices

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<v Speaker 2>and because it controlled the market and did everything it

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<v Speaker 2>could to stop any other sale of concert ticket by

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<v Speaker 2>anybody else, and they got nailed pretty hard for it.

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<v Speaker 1>And the same thing is going to happen to Visa.

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<v Speaker 1>Do you remember, if.

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<v Speaker 2>Memory serves and and you can look this up, Visa

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<v Speaker 2>was originally Bank Americ card, one of the very first

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<v Speaker 2>credit cards out there. The first one I think was

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<v Speaker 2>Discover and I think that's the case. Which is the

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<v Speaker 2>one that was Oh no, I think Dining the Dining card.

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<v Speaker 2>I'm going way back. This is just I'm playing with

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<v Speaker 2>history here.

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<v Speaker 3>Oh Diner's card, Yeah, I think so.

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<v Speaker 1>The Diner's card I think may have been the first one.

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<v Speaker 2>And then Visa was originally Bank Americ Card because Bank

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<v Speaker 2>of America got into this one of the early players,

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<v Speaker 2>and it became massive, and then it changed its name

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<v Speaker 2>to Visa.

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<v Speaker 1>Yeah, and that was in nineteen fifty eight.

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<v Speaker 2>Okay, Now I wasn't aware of it. I wasn't using

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<v Speaker 2>credit cards in nineteen fifty eight. But it's this credit

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<v Speaker 2>card business. Well, as you know, it's just exploding. It's

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<v Speaker 2>getting even crazier and we're not going to have Does

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<v Speaker 2>anybody carry cash or anymore? Do you buy anything with cash?

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<v Speaker 2>Very rarely do I have any anything with cash? I

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<v Speaker 2>mean I carry you know, I've told this for I

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<v Speaker 2>always have a couple hundred dollars in my pocket, and

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<v Speaker 2>I do that as a matter of policy only because

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<v Speaker 2>if someone sticks a gun to my head who's a

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<v Speaker 2>dope addict and says I want all your money, at

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<v Speaker 2>least they're happy. There's nothing worse than giving someone a

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<v Speaker 2>dollar and a quarter who's robbing you and get getting

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<v Speaker 2>really depressed and you have a hole in your head

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<v Speaker 2>after that.

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<v Speaker 1>Not very nice.

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<v Speaker 3>By the way, I had Pepe's towing service out there

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<v Speaker 3>in Ontario tow us we high centered on this thing

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<v Speaker 3>a couple days ago, and they came out and I

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<v Speaker 3>didn't have any cash on me, and I want to

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<v Speaker 3>tip them. I said, could I you? He says, no,

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<v Speaker 3>this is a courtesy. We're just helping you out. I

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<v Speaker 3>couldn't take it. Couldn't take it if you had it

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<v Speaker 3>on you.

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<v Speaker 2>He was running a temperature at that time. Okay, I

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<v Speaker 2>have a story for you, and this you may know about. Well,

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<v Speaker 2>it's it's kind of interesting.

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<v Speaker 1>It's one of those this is what's happening in the

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<v Speaker 1>future stories.

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<v Speaker 2>A few years ago, tech giants swore that they were

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<v Speaker 2>going to slash their carbon emissions. And since tech giants

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<v Speaker 2>use an unbelievable amount of energy, how do you reconcile

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<v Speaker 2>we are going to slash our carbon emissions since they

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<v Speaker 2>don't produce the energy, they use the energy. And so

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<v Speaker 2>you have power companies that are trying to deal with this,

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<v Speaker 2>and they are you just we don't have enough power

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<v Speaker 2>out there. So there are there is a the economy here.

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<v Speaker 2>There's actually a contradiction. We need more power, a lot

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<v Speaker 2>more power, and at the same time, we want to

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<v Speaker 2>zero zero out of our emissions or bring them down,

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<v Speaker 2>and you're the ones that provide the power.

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<v Speaker 1>We need more, but you don't have it.

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<v Speaker 2>You have to then well, basically you got to keep

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<v Speaker 2>power plants going longer than is on the books.

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<v Speaker 1>Just give me an idea of the kind of.

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<v Speaker 2>Power, especially where AI is going. You have your normal

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<v Speaker 2>search on Google and that takes power. I mean, there's

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<v Speaker 2>no question. Computers have to be involved, and you've got

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<v Speaker 2>the search engine and you.

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<v Speaker 1>Have hardware that's involved.

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<v Speaker 2>So that costs x sense or fractions of a penny

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<v Speaker 2>or nano's fractions of a penny to do that search.

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<v Speaker 1>You do a search on.

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<v Speaker 2>Chat GPT that takes ten times more power for that

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<v Speaker 2>search than a regular search on Google.

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<v Speaker 1>And imagine how much you're going to use AI.

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<v Speaker 2>And it's not just Chat GPD, it's AI searches. And

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<v Speaker 2>so these tech companies are scrambling to one get more

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<v Speaker 2>power that they need and cut emissions.

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<v Speaker 1>Well how do you do that?

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<v Speaker 2>And the power companies are saying, well, of course you

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<v Speaker 2>need more power, and we're going.

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<v Speaker 1>To give you more at the same time cut emissions.

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<v Speaker 2>So people are companies are going crazy trying to figure

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<v Speaker 2>out which way do we go. Battery power that lasts

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<v Speaker 2>for days instead of hours, nuclear nuclear power, which by

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<v Speaker 2>the way, everybody is frightened up I like nuke power.

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<v Speaker 2>I always have. I don't live near a nuclear power

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<v Speaker 2>plant either. But even environmentalists are about fifty to fifty

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<v Speaker 2>on nuclear energy now because there are no carbon emissions

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<v Speaker 2>with nuclear power and the nuclear waste issue, Hey, I'm

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<v Speaker 2>going to be dead by the time you have to

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<v Speaker 2>deal with it. So muzzletov enjoy. So there are they

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<v Speaker 2>are scrambling. There's geothermal power. Now, hydroelectric power is basically done.

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<v Speaker 2>You're not going to build any more dams. But everybody

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<v Speaker 2>is working in conjunction. So now instead of these companies

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<v Speaker 2>just buying power, there now partnering up to try to

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<v Speaker 2>figure out how we're going to do this this massive

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<v Speaker 2>new demand for power, this massive move towards reducing carbon emissions.

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<v Speaker 2>Have you There was a story I was that on

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<v Speaker 2>sixty minutes where you have the bitcoin mining operations, right

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<v Speaker 2>and this computers that do this, and there is a

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<v Speaker 2>community that lives next door to one of these massive

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<v Speaker 2>operations and.

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<v Speaker 1>They have thousands and thousands.

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<v Speaker 2>Of computers in these buildings and the amount of power

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<v Speaker 2>that it takes and the computers heat up because they're

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<v Speaker 2>just generating heat, so they need air conditioning. Now, how

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<v Speaker 2>loud do you think in air conditioning a or several

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<v Speaker 2>or dozens or hundreds of air conditioning units, how loud

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<v Speaker 2>do you think those get that are sitting on roofs?

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<v Speaker 2>And you if you want to be next door, No,

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<v Speaker 2>very few people live right next door, for example, to

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<v Speaker 2>an Amazon fulfillment center of two million square feet, because

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<v Speaker 2>the noise that's generated is crazy. And by the way,

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<v Speaker 2>the power that a two million square foot warehouse uses.

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<v Speaker 1>Up, what do you think of that? Huh? And you

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<v Speaker 1>got the utility, it's most of what the utility produces.

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<v Speaker 1>And that's what's happening.

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<v Speaker 2>Demand is increasing like crazy, emission controls are increasing like crazy,

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<v Speaker 2>and so basically all of this becomes a partnership. That's

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<v Speaker 2>what the wave of the future is. And you're going

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<v Speaker 2>to see all kinds of alternative wind. We already have solars, certainly.

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<v Speaker 2>You know, I have a solar system in my house

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<v Speaker 2>and people are buying him like crazy.

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<v Speaker 1>You're going to see small.

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<v Speaker 2>Reactors that they're developing in neighborhoods.

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<v Speaker 1>Even I saw plans for.

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<v Speaker 2>A reactor of back yard reactor, little tiny guy. So

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<v Speaker 2>when that up, all it does is take out a

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<v Speaker 2>diameter of ten houses. It is the wave of the future.

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<v Speaker 2>We are going to see that. That's what changes. Okay,

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<v Speaker 2>community colleges interesting. We have a community college system in

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<v Speaker 2>California that is unlike any other system in the country.

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<v Speaker 2>I mean, it's extraordinary the amount of money we pay

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<v Speaker 2>in the opportunities community colleges give us and give Californians. Now,

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<v Speaker 2>there's two aspects of community college. One of them is

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<v Speaker 2>pretty much a failure now and the other one is

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<v Speaker 2>even more of a failure. And here are the two

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<v Speaker 2>areas that community colleges are about. One is getting the

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<v Speaker 2>AA degree for purposes of transferring into either a UC

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<v Speaker 2>or a cal state and finishing up your four year degree.

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<v Speaker 1>And it's an easy way of doing it. It is

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<v Speaker 1>far cheaper doing it now.

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<v Speaker 2>The community colleges are commuter colleges. You're not going to

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<v Speaker 2>have dorms at community colleges. You're not going to have sororities, fraternities,

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<v Speaker 2>I mean, none of that happens. And it's usually older

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<v Speaker 2>students that go to community colleges. Although there was a tutor,

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<v Speaker 2>a math tutor when my kids were smaller, and just

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<v Speaker 2>the brightest lady I've ever seen who was instantly accepted

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<v Speaker 2>by any school in the UC system. And what she

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<v Speaker 2>did is she decided to go to junior college to

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<v Speaker 2>get her first two years and not pay the money

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<v Speaker 2>and not have to live outside of the area. She

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<v Speaker 2>lived at home with her mom and dad, and then

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<v Speaker 2>went on to accept a full scholarship. I think it

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<v Speaker 2>was UC San Diego, and that made sense, But that

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<v Speaker 2>is aberrational she made. She was she defined exactly what

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<v Speaker 2>junior colleges were set up to do, certainly in that sense. Now,

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<v Speaker 2>the other way junior colleges work so well is you

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<v Speaker 2>get an AA degree in one sense, or you get

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<v Speaker 2>a certificate because they have professional courses. You can get

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<v Speaker 2>a certificate in welding, for example, autoshop.

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<v Speaker 1>You can get a certificate in.

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<v Speaker 2>Not computer sciences, well maybe against computer science has been

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<v Speaker 2>not at the same level you would get with a

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<v Speaker 2>computer engineering degree, and you walk out the door with

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<v Speaker 2>a skills set having gone to school that is marketable,

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<v Speaker 2>that is saleable, and you've just come from a junior college. Also,

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<v Speaker 2>I've always wondered and such a good time. You know,

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<v Speaker 2>when I was laid up, I was at home after

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<v Speaker 2>my back surgery and I was sitting there, I was

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<v Speaker 2>watching CNN I was watching Netflix, et cetera. But I

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<v Speaker 2>also was turning on cable TV and regular broadcast TV,

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<v Speaker 2>and it was all these for profit professional schools. Professional

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<v Speaker 2>in the sense of you two can learn how to

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<v Speaker 2>be a front row receptionist, a front line receptionist, receptionist

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<v Speaker 2>for a doctor's office.

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<v Speaker 1>You can get our certificate.

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<v Speaker 2>It's only six months, and of course it costs you

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<v Speaker 2>thirty five thousand dollars. And I always sat and wondered,

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<v Speaker 2>you know how much and why you would pay thirty

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<v Speaker 2>five thousand dollars so you could pick up the phone

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<v Speaker 2>and go Hi, doctor Smith's office, Can I help you?

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<v Speaker 1>Now?

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<v Speaker 2>I understand that takes a lot of training. At least

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<v Speaker 2>in junior college you get that virtually for free. The

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<v Speaker 2>point is they have certificates. They actually give you a

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<v Speaker 2>marketable skill. Now is it working at all? Well, well,

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<v Speaker 2>if the point of junior college, which it was supposed

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<v Speaker 2>to be, this is the reason it was set up,

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<v Speaker 2>is to give you the first two years of college,

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<v Speaker 2>you get your a day degree, and then you transfer

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<v Speaker 2>to a four year institution. And that's the way the

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<v Speaker 2>system was built. Started in nineteen sixty, I think, is

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<v Speaker 2>when they changed the rules and they made it easier

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<v Speaker 2>for transfer students to even transfer in. There's a whole

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<v Speaker 2>system of you do your two years, you transfer in.

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<v Speaker 2>So how many students you think actually make the grade

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<v Speaker 2>who go from junior college and graduate from college. One

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<v Speaker 2>in five twenty percent do.

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<v Speaker 1>What the system is supposed to do.

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<v Speaker 2>So I'm going to come back and talk to you

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<v Speaker 2>about why it is not working and there is a fix.

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<v Speaker 1>And by the way, I am a fan of junior college.

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<v Speaker 2>For those of you that have kids and you're writing

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<v Speaker 2>the checks for college tuition today, let me tell you

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<v Speaker 2>why junior college at solutely works for you.

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<v Speaker 1>In a major way and it helps the kids.

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<v Speaker 2>At the bottom line is community colleges are supposed to

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<v Speaker 2>be you go, you get your two year associate's degree,

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<v Speaker 2>and then you move on to a regular four year college,

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<v Speaker 2>and that is the plan. Well, the audit tells us

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<v Speaker 2>that one in five students do that, and the transfer

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<v Speaker 2>rates from community college to a four year college. It's

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<v Speaker 2>fewer for people in the less affluent parts of the state.

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<v Speaker 2>If you're poor, you're going to do this less, of course,

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<v Speaker 2>and this is inevitably. Students who are black or Hispanic

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<v Speaker 2>are always at a disadvantage doesn't matter where we're talking about.

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<v Speaker 1>There's always a disparity, unfortunately.

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<v Speaker 2>And why would you want a bachelor's degree even though

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<v Speaker 2>they are insanely expensive?

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<v Speaker 1>A lot of jobs require bachelors.

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<v Speaker 2>Kids young adults with bachelor's degree earn sixteen thousand dollars

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<v Speaker 2>more per year than those with just an AA degree.

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<v Speaker 2>And of course if you only have a high school diploma,

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<v Speaker 2>you're going to even earn far less. So why is

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<v Speaker 2>it so difficult, Well, you have community college. The UC

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<v Speaker 2>system and the state system are three different entities, and

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<v Speaker 2>there are three different bureaucracies. They don't talk to each other,

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<v Speaker 2>so you have you're supposed to be able to transfer classes. Well,

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<v Speaker 2>some ucs and some cow states don't take community college credits,

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<v Speaker 2>and you don't know which one because you don't know

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<v Speaker 2>what'school you're going to.

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<v Speaker 1>Okay, some don't take transfers. Some community college don't even.

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<v Speaker 2>Offer the classes that are necessary to go to certain

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<v Speaker 2>UC classes. So what they're trying to do is make

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<v Speaker 2>it easier because assuming you want to go, assuming.

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<v Speaker 1>You're willing to put in your two years and get an.

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<v Speaker 2>AA degree, assuming you want to transfer, the hoops people

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<v Speaker 2>have to go through are in sc because you're talking

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<v Speaker 2>three different systems, three different jurisdictions, three different requirements. As

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<v Speaker 2>a matter of fact, certain schools depending on say you

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<v Speaker 2>want to go to UC is totally different requirements than

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<v Speaker 2>you know, a cal state system and different. I mean,

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<v Speaker 2>it's just it's so so difficult to do this. So

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<v Speaker 2>the plan is to reform the entire system. Oh, there

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<v Speaker 2>are guarantees certain spots, and that's another one. You want

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<v Speaker 2>to get into a really good school, do it as

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<v Speaker 2>a transfer student. If you can't get into UCLA, which

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<v Speaker 2>is almost impossible to get into, go to junior college

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<v Speaker 2>because a certain number and far more than just applying

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<v Speaker 2>for UCLA out of high school, going from a community college,

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<v Speaker 2>they have to reserve certain amount certain numbers of spaces.

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<v Speaker 2>It is far easier to get into a major, good,

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<v Speaker 2>insanely good public school out of junior college. And a

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<v Speaker 2>lot of people don't know that. It just makes more sense.

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<v Speaker 2>It is if you look at it. When the community

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<v Speaker 2>college system works well, it's one of the best best

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<v Speaker 2>ways to get into a four year college. And let

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<v Speaker 2>me tell you something else. Let's say you go to

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<v Speaker 2>community college, you do your two years.

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<v Speaker 1>And I'll talk locally.

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<v Speaker 2>You go to UCLA, let's say, or you see Davis

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<v Speaker 2>or you see Irvine or whatever. On your diploma, it

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<v Speaker 2>doesn't show you went to a community college. All it

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<v Speaker 2>shows is you graduated from UCLA. All it shows is

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<v Speaker 2>you graduated from Berkeley.

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<v Speaker 1>That's it. So it's all the reason in the world.

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<v Speaker 2>To go to community college. And my kids I told them,

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<v Speaker 2>not only are you going to community college, I don't

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<v Speaker 2>even think I'm going to pay the tuition for.

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<v Speaker 1>Community college, because it is just to give you an idea.

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<v Speaker 2>I remember, I don't know how many years ago it is.

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<v Speaker 2>I don't even know what the tuition is. I just

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<v Speaker 2>remember that it was ten dollars a unit when I

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<v Speaker 2>was looking at it, so a full semester it was

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<v Speaker 2>one hundred and sixty bucks a semester if you took

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<v Speaker 2>sixteen units.

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<v Speaker 1>I'm sure that's not the case now.

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<v Speaker 2>But if you look and compare tuition community college, cal

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<v Speaker 2>state colleges, then the UC system, it's still far far cheaper.

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<v Speaker 2>Although go to the UC system and get a medical

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<v Speaker 2>degree or get a law degree, fifty grand a year

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<v Speaker 2>in tuition at a state school. This is kfi AM

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<v Speaker 2>six forty live everywhere on the iHeartRadio app.

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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 any time on demand on the iHeartRadio app.